I find it hilarious when people are quietely enjoying the run up and even consider it a normal event, while if the price is going down because traders are cashing out profits (which is perfectly normal after a significant increase), people go nuts and think it's manipulation and whatnot. 

I would be worried if we go up in a straight line without these minor down movements. The more people unload at these levels the higher the price floor becomes, at least in the short term. Don't forget that for every seller there is a buyer.

OP probably had his 1-5 minute chart open and saw a massive red candle, which might have given him the impression that there was a flash crash. Working with 30-60 minute charts is a better option moving forward and much fewer 'flash crashes'. 

Too bad that people still look up to this unstable drug addict. This guy is on the run because the authorities want to confront him with the frauds he has been participating in, and this with a high degree of certainty doesn't even relate to the countless of scam ICO's he promoted. He has been very lucky that there was less oversight back in 2017 and early 2018, but that's no longer the case today.

I start to develop a dislike towards the people calling themselves Bitcoin maximalists, but only wake up when the price is going up. It's very obvious what their motives are. Too bad the bear market wasn't aggressive enough to shake them out. This space is a better place without these imbeciles.

I think most of the people who do care about 0.5% fees aren't dealing with expensive bank transactions, so all they know is that their crypto exchange is charging 0.5% which admittedly is quite steep compared to other services. I'm pretty sure that if people did actually had to deal with expensive bank transfers regularly, they wouldn't really make a point out of it.

I'm still using PayPal from time to time to conduct business, which means that I am subjected to fees ranging from $5 to $50 depending on the type of transfer and amount. That's why for me Bitcoin at $0.50-$1 fee per transaction isn't a problem at all. It's much cheaper than the alternatives I use.

I get it, people who try to apply TA but fail, always come out and say how hard it sucks, while those who successfully apply TA are silent and just move on to the next trade. Considering that most people lose with trading, it's not surprising that you see a lot of people complain about how TA isn't working. People still have to figure out that TA is more than just following moving averages.

In the end, if TA was bs, markets in general wouldn't be dominated by algorithms as they are today. Crypto is no difference.

Bitcoin is mainly attracting attention because of its price action. I doubt people care about its real world applications. It's not for nothing that most of the adoption happens during a bull run. The same applied to the early age of the internet where tech stocks were shooting up and down just as hard as crypto does.

Utility will matter when the market as a whole has matured more. It will very likely also be the end of 99% of the altcoins because they have no utility. They solely functioned as pump and dump tool. On top of that, Bitcoin will then be outsearched by other industries that are emerging. That's just how it goes. You can't be a new and unkown asset for ever.

The Binance charts looks different than for example Bitstamp's or Coinbase's charts, which I value over Binance's USDT crap market.

It's going to be interesting to see where we close in the next 1.5 hours. We wicked slightly above the descending wick to wick resistance, but that's not much worth if we don't manage to close there. A close above the descending resistance will make me less bearish than I was yesterday. If that happens I will close my short (still at a profit) and turn it into a long.

Less credit means less volatile investors aka gamblers. If you invest with money that isn't yours, every 1% that the price goes down will make you doubt having bought Bitcoin, especially if leverage is applied. People investing with their own money are less likely to pull it out just because the price dips, and for that reason should result in less volatility overall.

That being said, these no credit to crypto measures are so silly. One can't use credit to buy crypto, but they can gamble thousands of dollars on unregulated flyby forex brokers where people probably never see their money again. They either lose it all or won't be able to withdraw again. Totally makes sense. 

Speaking of blows, Netflix has recently pulled back most of the support for payments through itunes accounts because of the ridiculous 30% fee that Apple charges. That's a real blow. Apple can suck on that.

Excellent excuse you mean. 

Governments have always pointed at money laundering, tax evasion, financing of terrorism, etc in order to justify their regulations, but that's just bs. Their main incentive is to exercise control over people like you and me who aren't any of the aforementioned types. Tax evasion and whatnot is just a side benefit that these measures bring for governments.

Also, they can't tighten the rules of decentralized protocols. They can only tighten the rules of centralized businesses. It's an important difference.

It will not work long term speaking, only at the very beginning.

No matter how much he is inflating the volumes, if other exchanges aren't following, he will be exposed pretty quickly. On top of that, if he's buying up the sell side of the order book with phony money, people will figure out too because they can't withdraw simply for the reason that the exchange doesn't have the funds to actually allow them to withdraw.

In the end, Roger has failed pretty much in every aspect with BCash. I highly doubt this exchange will be successful. I consider this to be his last major attempt to pump his bags.

Letting people adopt Segwit isn't easy when a handful of largest entities in crypto aren't going to adopt it. Blockchain.com alone could contribute an easy 10% increase in Segwit adoption if they stop sucking off Roger and Jihan. The sad truth is that it will probably never happen. In the same camp we have BitPay that will probably never adopt Segwit.

The only relatively large short term bump in adoption can be expected to come from Binance when they finally switch over, but even then I doubt that we will leave the 50% adoption mark behind for ever. The average adoption percentage currently is ~40% which is shockingly low. Litecoin is doing way better in that regard, and they don't have to scale at all.

https://blockchair.com/bitcoin/charts/segwit-usage
https://blockchair.com/litecoin/charts/segwit-usage

These index sites have been the main reason we have seen wash trading increase up to today's severe degree. It's an effective form of marketing.

If you look at the traffic information of exchanges, CMC will mostly show up as the number one traffic provider. And guess what exchanges are on the very top of the wash trading list..... Right, Asian exchanges! They pushed actual fiat exchanges such as Coinbase so far down that they are ranked as nr 40-80 depending on the day, lol. Pathetic.

The only 'good' thing is that people aren't actually paying to access these sites and if you ignore the fake volumes, they do provide a wide variety of useful features.

Even if you follow exchanges, then you are still too late because when a large exchange announces that it is going to list a certain coin, the coin pumps instantly. Buying in after the announcement is pure gambling because there have been enough coins that after their announcement pump kept doing down.

What you can do is look at the type of coins an exchange prefers to list, and then compile a list of potential listing candidates, and take a position in them beforehand. It's still somewhat gambling, but less so than blindly buying into a pump where you don't know what will happen afterwards. It's more of a calculated guess.

A hint is that some of the coins that will be listed, show increased price activity (i.e. insider traders taking positions) before the listing announcement.

Chances are that your emails and other forms of contact traffic to exchanges will be marked as spam. I am quite sure that exchanges are being bombarded with emails where people try to sell them domains, 'whale insider information', bug information, information about competitors, etc. People are desperate to earn money and will try to get it where possible.

Best odds of succeeding (even though they realistically speaking are very low overall) is to get in touch with brand new exchanges that are trying to start up and attract users. Don't waste your time trying to reach out to the Coinbases of this world.

I do wonder now, do you consider using PAX or actually have PAX that you want to cash out?

USDT can only be sold to Bitfinex for fiat, but I wouldn't trust that exchange. Too much shady shit going on there.

If you're looking for a legitimate stablecoin that can be sold to a legitimate exchange, then go for USDC and Coinbase. I am however not sure if you can sell it to Euros since you are from Belgium. In that regard, you have to take an extra conversion step to end up with Euros. Not the most convenient option but it does the job at relatively low cost.

Nothing goes up endlessly. There will be a point at which the stock market will go down and keep doing that possibly for years. All this money needs to be paid back, and when the first major stocks show signs of weakness, the rest will follow. Stock multiples are insanely high. The price can take a 50% hit and the multiples are still on the higher side. That's pretty scary.

They (Tesla and Facebook) will become so cheap that I will consider taking a long term position in them. Every business with fundamental value will survive. Where people think the end is near, smart money comes in and positions itself in a market people don't want to touch even with a 10 meter pole.

Also, if we do face a recession that hits the global economy, even Bitcoin and Gold might not be as good as a safe haven. Dollars pay bills and debt; investors/avera joes/institutions will sell what they can to obtain dollars and fulfill as much of their obligations as possible.

I'm pretty sure that stocks will benefit much more than Bitcoin, but not necessarily in terms of percentage gains. Bitcoin goes up more because it has such a tiny market cap and next to no meaningful liquidity. It only requires a tiny bit of institutional capital to flow into Bitcoin to make it go up 5-10x.

In the end, we're not even sure if the rate cuts have anything to do with Bitcoin going up this year. It might just as easily have been coincidence because Bitcoin has pumped and dumped quite frequently without there being an actual reason to point at. People just assume there is a reason but that's just how this market is.

Basic mass logic; everything that pumps will pump higher and everything that dumps will dump lower.

It would help if people for once paid attention to what actually happens on a technical level, but nope, they just have their 15-30 minute charts open and look at the red and green candles. Green candles mean it's a fantastic day while red candles mean that big bad whales are manipulating the market to buy lower.

I lost count on how many people have blamed whales for pushing the price down ever since we marked the yearly high.

Impatient investors are cashing out constantly. People think they aren't because they assume that we have to see multiple +30% corrections. If the demand is there, which was the case on the way up, the bulls have no problems eating through the sell orders thrown at them. The volumes were crazy high on both sides of the book.

Most conservative investors tend to sell when they reached a point at which their gains have surpassed 50%, which for them is a massive gain knowing where they come from. They did it in a time span of 6 months. That's just madness. They probably expected to sit on their coins for a year or so, lol.

It's a good time to buy until it isn't. It doesn't hurt to wait for some proper confirmations of the trend to actually reverse. People here always get overly excited about the price increase while this may yet be another bounce from where we will go down. Also, if you're long term minded, it doesn't really matter if you buy below or just over $10,000 because when you aim at $100,000 the difference is negligible.

The thing with people is that their ego makes them wait becauce they have a bias towards buying the perfect dip or selling the perfect top, while they ignore that this is nearly impossible. If you manage to do it it's more likely luck that worked out in your favor. Selling

That's how it should be. The thing here is that mobile clients such as Electrum aren't built to provide people a sleek looking client, but one that works and is secure. Most newbies go for the client they consider to be the prettiest and install it. Unfurtunately, most of these clients are either shitty clients with totally NOT random keypair generation, or just outright scams.

Another thing is that we have some explaining to do when people search for Electrum because of all the phishing attacks it went through. One more indicating that this space is not average joe friendly yet.