That brings me to a question. What would be the price they had in mind to release their coins to make it worth it for them and how long are they willing to wait for Bitcoin to get there? The costs of mining today are very high now and unless they are risking their own money which is unlikely, they loaned money to start their operations.

What about investing in acres of land? There is a saying "God created land once and he will not create any more of them."

If there was a scarce resource in this world then it would be land. Land with a clean water source would be most valuable especially in these times that climate change is threatening the world with famine and drought. I would not mind having my own piece of land and try to live off the land.

Did some of you see the "Big Short" movie? Remember the weird character portrayed by Christian Bale? He was the guy who first knew that the financial crisis was coming but he was off in his timing. He believes water is the next big investment to enter.

A Bitcoin wallet is only as safe as the focus and attention you put into it. As long as you know how to use Bitcoin like the people in the darknet markets do then I would consider that as safe. Being "safe" is not only about protecting yourself from theft. It also should mean that you are protecting your privacy and hiding your activities well enough to make you truly safe.

Here is an alternative if you do not want to spend over $50 for a hardware wallet. Buy a USB and install Tails Linux in it with persistence. Here is a guide on how to do this using Virtualbox.

https://www.deepdotweb.com/2015/06/05/in-depth-guide-to-tails-persistence/

It already has an Electrum wallet preinstalled so you do not have to worry about anything else except saving your seed words safely. Tails also operates behind the Tor network so all your activities on the internet are anonymous.

Bandwidth is a much bigger problem in the future as the size of the blockchain grows bigger and bigger. I seem to notice that most of the people visiting this forum do not include that in the discussion. They seem fixated that since storage is getting cheaper than it will be ok. I will not be ok. The blockchain bloat is now seen as some sort of flaw in Bitcoin's design while others some see it as a trade off if you want to use a peer to peer payment network.

These are baby steps taken by a possibly huge mining operation in the future. I see that the article in the OP did not mention that  Erik Voorhees and Roger Ver are both part of MGT Capital as an advisor and the other as the company’s advisory board chairman respectively.

This might be a long term plan to get some control of Bitcoin's future to their hands. I believe both people mentioned are supporters of Bitcoin Unlimited. I also believe that the Chinese miners are a hard nut to crack in terms of getting support away from the core software.

Thanks again. I have received the payment.

I did some research and some reading on Ethereum Classic and Ethereum and thehistory behind them. I think Ethereum will hard fork to fix the replay attack issue and the DOS issue that it is going thru but it will not remove the difficulty bomb. They have already planned and commited to make the switch to POS Casper.

Ethereum Classic must also fork to fix the DOS issue because they might be next to be attacked. They also have to fix the replay attack issue and remove the difficulty bomb.

Do not put too much attention to it. If there ever was a correlation between a market cap line being above a price line and profitability to trade the cryptocurrency then it would have been discovered already. The best indicator if you are looking for a cryptocurrency to invest in is the team behind it. A team full of "A" players has a better chance to be successful.

My first cryptocurrency investment outside of Bitcoin is Ethereum Classic. I was attracted to the developer Elaine Ou's talent and I believe in her. If she sees something in ETC then that makes me confident in the platform also.

If I had $1M I would set up a sportsbook/casino/poker site. I know there are already some sites available but I believe that the potential of a Bitcoin poker site has not been truly acheived yet. Just like how the porn industry has made the VCR adopted by the masses in a large scale, it is also possible that gambling will make Bitcoin be adopted in a massive scale too. The gambling sites of today have the hassle to go through regulators and payment processors to serve their customers. Bitcoin will allow them to get past that and serve their customers directly.

Maybe we can even raise the bar by setting up P2P gambling. How will the regulators go after everyone? It will be like bittorrent for gambling.

I agree, especially when a financial crisis is about to become another great depression just like during the 1930's, the US government does not fail to bail every big bank and every large corporation out. So that only means that there is more and more fiat in circulation. Sooner or later growth must come to an end and an economic collapse will happen. When that collapse comes and we all have this fiat in circulation, what now?

It was John Maynard Keynes that championed the theory that state intervention is a must to control the boom - bust cycles in the economy. But that will only take you too far.

In doing arbitrage you have to be very fast. I believe there maybe some traders already doing this using their bots. Everything should be synchronized and precise of you want to make money doing this and you should have a large amount to do it with or else it will not be worth it.

This is true as you will notice that most of the OP's predictions and analysis are more on the obvious and the safe side. He does not give the exact time when the predictions will happen because the markets by nature are very unpredictable. But it is good to read all the analysis posted in this forum. It will sometimes give you a fresh perspective and also new ideas on how others are thinking about the cryptocurrency markets.

It is funny that we sometimes see some people get pumped and all happy when there is news that a bank might start to use and adopt Bitcoin. The main reason they are happy is they think that the price will rise and increase the value of their stash. What they fail to realize is banks do not need Bitcoin or a blockchain. What they need is a database.

What do you mean by "upper consolidation levels of $700"? That Bitcoin will start going up to $700 and then stay stable to start consolidating again around that price? I do not think that would happen before the end of the month like you mentioned. That would be very optimistic of you to think that it will. That kind of momentum going to $700 before the end of the month would be so strong and it would take Bitcoin beyond $700 in my opinion. To where it will crash is anyone's guess because a large pump will be the only thing that will take BTC to $700 in a decently short amount of time.

When there is a pump you know what will follow later.

Ok thanks for making that clear to us. So where can we start trading cryptocurrency options and when will you demonstrate your live trades in the thread? I would also like to know what books and youtube videos would you recommend for starting to learn options trading.

Maybe but always keep in mind that the cartelization of Bitcoin mining is happening right now. If you think this to be impossible then I would say that you are being naive. People are people and it is in our very nature to want to gain control of something and have some power over it. What is stopping the top Bitcoin miners from talking with each other to help steer their agenda and self interests?

The problem with bitcointalk.org right now is it is full of useless threads and posts especially in the altcoin forum. For example if I want to learn more about an altcoin and start a thread or post a question about it, I get a barrage of replies that altcoin "X" is a scam and they suggest to buy altcoin "Y" instead. So it is very hard to get the information that you are looking for. Yes there is google but sometimes it helps to hear first hand experiences from other people and start discussing it.

After studying and considering the most probable and possible outcomes, yes I would have to say that a Bitcoin price of trending back to $550 is not going to happen anymore. Unless there is another exchange getting hacked or some very bad news.

Maybe it is because of the halving. It is now in the miner's interest to protect and support the price of Bitcoin so that their mining operations and in the case of Bitmain also their ASIC manufacturing business and mining related interests continue to be profitable.

Hello JP, it looks like that you are also cautious about introducing the Exodus wallet to interested users. That's a good thing in my opinion because it will not make people expect more than what it really is. Anyway is the code of the wallet audited and are there really closed source code included in the wallet? Also please explain why. Thank you sir.