If bitcoins are regarded as a legal tender/asset in your country, it would be possible to make a report to the police about the incident and conduct further investigation about the matter. However, if your country don't have any laws regarding bitcoin as an asset, chances are you won't have any say about the event but would just be a living example that even crypto isn't safe from these criminals since they'd still have a way to get your precious coins no matter how hard you keep it.


That is if you're dealing with cryptos, perhaps? It's really hard to leave your personal trail on the internet since there's a high possibility that your identity would be used in illegal activities or be target of a highly organized crime group especially if you're prominent in a community or whatnot. Lesson learned, I guess?

I'd take the stairs of increases any day, because if an investment shoots rapidly without any solid reason behind it, then there's a possibility that its rise is artificial and would come to a bitter end. The recent rise of bitcoin to almost $20k a piece is mixed with FOMO and Wall street money; the former comprised of mostly uneducated investors and the latter being the knowledgeable ones in the game. The result is what's expected, a fast crash from the whales selling plus worried investors that bought on the peak that just wants to prevent further losses. While the crash hurt many people in the process, the good thing is we established a higher floor and a good baseline that we can take off once the next bullish move begins. The events are quite unusual for traditional penny stocks/tradable assets, but in the crypto world, crazy roller coasters are the new norm.

Hate to be that guy to say it but at the rate of which actual adoption is happening, it would be very hard for bitcoin (and cryptos) to be one of the leading drivers of economies and commerce. Sure, it posed a revolution about money and how it works, but that isn't enough for people to actually use it for their expenses and cause a significant change on global economies. There's that, plus the governments who'd gladly take every possible step to stop or hinder the growth of crypto and push their fiat into our faces, and we cannot do anything about it. Many great minds have great visions about bitcoin and crypto in general, but it's hard to get those visions into reality if there are countless of hurdles and hindrances along the way towards a significant change.

The system is too young to take on mainstream adoption, and the government is there trying to stop it in any possible way they can. I'd love to see crypto bring change over the world but with what's happening currently, I don't think it can in the near future.

At some point, users will be biased on what they'd advice you, so it's best to just look up the answer yourself or try listening to some talks of investment gurus that holds both crypto and stocks (and gold, if that helps) and see their opinions about the current market trends present on each of the fields that I mentioned. On paper, buying stocks, crypto or whatever it is at a lower rate is the ideal entry point, however, without knowing what direction a market would take, this could end up being bloody or the best decision you've made in your life.

A great purchase and well-deserved for his patience. Though it's good that some people can buy luxury items using their hard-earned bitcoins, it poses some kind of an image that bitcoin is always the easiest way to riches, that's why there are tons of people jumping on board without even knowing that there are still risks accompanied with their purchase of bitcoins. i knew some people who bought bitcoin because of this exact same mindset: they'll get their retirement fund through bitcoin in the next months or so. Nevertheless, a good purchase and shows that bitcoin is regarded by luxury car dealers as one payment method aside from fiat.

Quite suspicious if this is caused by a hacker. Why would PBoC let such a thing slip for days or weeks before taking action and releasing a statement that it is not them? Something doesn't pan out in here. Just like the past China events, I'm not buying this one. It's a major FUD caused by their own handle and surely they'd immediately take it down or release some statements to claim that it isn't them who published those.

Whatever the reason is, it already caused a massive panic on the market at the end of the day.

If a whale decides to close his position, he'd do it instantly and wouldn't sell off in increasing increments as to what we have witnessed here. Honestly I think that the recent huge crash is intentionally aligned with the bad news reported by media regarding South Korea and India's stance against cryptocurrencies. Or it could have been a correction for bitcoin to reach its supposed "true value" before the FOMO kicked in on the last weeks of November. There are endless possibilities; a correction from $15k++ is a must and we all know that it couldn't hold for too long considering how fast it came in there.

PC gamers are misinformed: you cannot mine bitcoin directly with discrete graphics cards, you need a dedicated ASIC for that kind of operation. I've seen too many rants of gamers about miners and bitcoin mining when in fact these cards are used to mine zcash and ethereum most of the time. Also, some major stores in the area I live don't allow people to buy the cards in bulk to give priority to gamers, so there's that. And the insane jump on ram prices isn't even caused by mining but from phone manufacturers.

Sometimes, news outlets don't even think straight when publishing an article. Journalism is dead, the only thing these guys care about are the hits and the pay and not informing the public with the right kind of information.

Major FUDs released a few weeks ago have now been cleared up, and most people are now confident in buying back again. The overall market sentiment seemed to have changed from pure bearish into bullish, but I wouldn't be so sure about it yet. The price is stable right now, and a brighter week is ahead of us since the selling pressure have been lifted on most exchanges, but then again, this could be another bull trap to still cleanse the market of weak hands.

If people embraced the fact that cryptos are here to stay, even if bitcoin proved to hlbe a failure in the coming years, other coins will still survive. Different countries are already creating their own digital currencies based on the blockchain tech, so I guess it wouldn't be impossible for cryptocoins to stay even if bitcoin disappeared.

Bitcoin as of now, remains to be the only avenue for everyone to get their hands on crypto, but if exchanges allow USD/Crypto exchanges (which I doubt to be possible at the moment), there'd be a surge of users investing fiat to get crypto.

Most traders have pulled out their assets first and from what I see it, it's just another expected drop starting from December 22, 2017. It's the time of the year again when the price couldn't give a hearty push since most of the momentum has already faded away so it needs to be weeded out of weak hands that only wait for the price to increase but would sell at a loss whenever they see the price tumbling down hard.  Almost all cryptos lost a significant amount on their market capitalizations and the bloodbath isn't even finished yet.

A nice idea, though entirely possible given that these bankers do have stakes in media companies so I guess there'd be some form of control for the banks and huge whales. It's not new, the mass media is notoriously known to create biased reports/news favoring one party that they support (see reports on re: elections in BBC, CNN, lol.) or anything that can cause some panic to manipulate current events in favor of their overlords. The term "unbiased journalism" has been dead long ago given that you can just pay off the media to report what you like and for your own benefit.


Then you are looking on the wrong side of the spectrum. They care for ratings, yes, and they also care for the money that their masters are giving them.

This is not news, and how many times have bitcoin and the cryptocurrency space have survived Chinese bluffs and bullshit? 3 or 4? With the amount of new money flowing in to bitcoin, it's safe to say that losing a significant portion of Chinese traders is bearable and bitcoin would just recover with the number of new traders and money pouring in every single day.


I disagree. They patronize other countries' works and try to imitate it at the best of their abilities. It's their communist government who are strict on their policies and rules, but the majority of the Chinese people I knew don't like how their leaders are doing. Ever wonder why most successful Chinese businessmen are from different countries and not in China?

I still have my friend's account unverified after 3 months of submitting all the necessary documents at bittrex. He signed up on the service in 2016 January, and have forgotten about it ever since. Usually, bittrex support will reply in 3 days up to a month, and if you try to follow uop your concern, you'll automatically be placed at the end of the queue, which I think sucks for a service who gains millions of dollars of profit every month.

And even if they open their doors for new registrants again, I wouldn't dare signing up considering the problems they encountered recently on their service.

Not sure if the selling pressure has already stopped since there are still some fat sell orders appearing time to time, though I'm still inclined to think that the bleeding is over and $7800 was the bottom of the run. Though it seems that the crash is over, I wouldn't touch the cash for crypto yet until the 2nd week of this month. There's still a lot of things that could happen along the way, and it's hard to make money off of uncertainties when you yourself is uncertain on what direction the market will take.

If you're looking for the complete concept and ideology as to why they created bitcoin, together with the deep technicalities associated with it, you can try reading the bitcoin whitepaper. However if you want to know more about the services built around bitcoin, general trading tips and advices and many other bitcoin-related info, you can try to search them up here or through Telegram and some blogs of known bitcoin personalities. I personally follow Andreas Antonopoulos works since I know that I'd get some valuable information on what he writes specially about crypto and its effects in the economy.

If you still have the money to spare and deem that the current price is an acceptable entry point, then sure, it will not hurt to buy a few more and stash them. Also, timing is a key factor in deciding whether to buy immediately or wait. Weekends usually end up being bloody for bitcoin and Monday is the laziest day of the week, so there's that. You can also look up on recent, unbiased news from credible sources in order to help you make up your mind.

No, what he said is that any illegal activities (money laundering, buying illicit drugs, weapons etc) in which crypto assets (not only bitcoins) are used at or involved to would be eliminated by their own government as best as they could. While it seems to be a good effort on their part, I don't think that they'd be changing their stance on the cryptocurrency talks sooner or later. Stricter regulations would surely be imposed on the Indian soil regarding cryptocurrencies, but an outright banning of cryptotrades and exchanges would still be trivial as of this point.


Anyone can still buy and sell bitcoins at their own will. AFAIK there are no taxation laws regarding cryptoassets in India yet. The only thing they're trying to stop right now are the illegal activities in which cryptocurrencies are involved.

Everybody wouldn't like such regulations to take place. The Eastern EU region is a crypto-friendly region and I don't think that the governments out there would want to submit to Russia's proposition in imposing a unified regulation. They can create their own regulations and implement it on their own country, but asking others to do the same? I think not.


Other countries also want to act legally when it comes to the cryptocurrency topic, that's why they're trying to create regulations for crypto trades and exchanges in order to monitor the scene and to see whether illegal activities are involved in crypto trading that is happening well within their soil. Also, there could be taxes to be collected on crypto gains so why wouldn't they want to exert effort in interpreting it in legal terms?


Talks about Russia developing their own crypto (CryptoRuble) has been around for over a year now and it looks like it's going to be finalized either Q4 2018 or mid-2019.

Same thing he used to say months before the price went nuts and everyone is buying crypto. I get it, he's a successful business magnate and an expert in traditional stocks, but I won't take a word from someone who doesn't understand the tech completely and is bias towards the old system. Everyone remembers how hard he bashed bitcoin and those negative remarks back in 2016 but a few months after, the magic happened. If you believe in bitcoin, you won't listen to these business magnates' old sayings. Rich people are just weeding out those who are smart enough to invest in crypto but emotionally weak to handle the crashes and whatnot.