Warren Buffett is a business genius. He doesn't have to touch Bitcoin itself but could very well end up buying up a dominant exchange and still benefit from the massive exposure crypto in general has. Technically speaking, the banks in his portfolio will eventually come up with their own trading desk, so there is another form of exposure to crypto he will have.

These businesses generate cash flow and profits, which is exactly what he is after. In the end, it doesn't matter how negative someone is about a specific industry, if there is money to be made in a manner they are comfortable with, they will definitely enter. In Warren's case, it's more likely going to be the businesses he will be investing in, directly or indirectly.

Pomp is never shy of expressing how bullish he is on Bitcoin, but we have to figure out what form of adoption he is referring to. I'm pretty certain that countries will first try out their own digital'ish currency or tokenize their entire financial system, and perhaps when that doesn't work out for whatever reason, they might look at Bitcoin in a more serious manner.

It's important to understand that countries using Bitcoin for cross border transactions to avoid international banking sanctions is adoption too. It doesn't necessarily have to be them using Bitcoin, or more precisely said, satoshis, as their new native form of money, which is obviously what people hope for.

That's definitely not enough to indicate a reversal of the downtrend. If we zoom out a bit, it is pretty clear that we have several large mountains to climb. Also don't forget that we're not just dealing with the resistance levels of the current year, but also the ones of 2018.

Even if we do hit ~$11,500 it might still be just another lower high that at the same time gives more shape to a descending triangle that's forming. I will only consider a potential reversal of the bear trend if we break above the $13,200 level. As long as that isn't the case, I expect lower lows (the trend is your friend). The charts just don't look good.

Gold on the other hand looks way more bullish and seems to indicate that there is much more upside potential and relatively close to a large breakout. It's going to be an interesting to see how Bitcoin will react to it.

I can see how it might give people the impression that we're due for lower levels, but what matters is where the candle ends up closing. The market is so thin currently that we should expect more of these wicks. People not used to this should focus on something else because these wicks are still on the smaller side.

As we speak, we seem to have broken through a descending resistance level which might translate into another attempt to break $10,000 in the coming days. I am however pretty confident that even if we do break $10,000 the overall trend is still down and we will make lower lows.

Andreas seems a bit open minded and will cover a broader field of interest when it comes to crypto, but even then, a good environment for crypto in general means a good environment for Bitcoin. If I had to choose a person with skin in the game, then I would say Anthony Pompliano. He knows how the financial system works, what it lacks, and where Bitcoin can play a role of importance.

Jeremy Allaire..... I just can't stand the guy. Each time I see him pop up somewhere to have a say it just makes me feel uncomfortable. Scummy vibes is what he emits.

I'm pretty sure that the fees are 2% up to a certain dollar amount. I know certain services that handle a similar fee scheme, which basically means that you can't pay more in fees than for example $20 or $30 per transaction when it concerns large amounts. No one would use their service would they really charge you a few thousand dollars.

I'm not aware of how high the fees are in Argentina for transferring money, but this could financially be an interesting workaround with how it saves you time and money. In the future when the price becomes more stable and there is more liquidity, an exchange is no longer needed to function as intermediary to settle cross border transactions. I'm looking forward to it.

I wonder how effective a so called split-up is, and what it actually means. If a split-up means FB selling certain departments to their competitors, it might work as intended, but if it's just a split-up as in the different departments to operate individually but indirectly still operate under the umbrella of FB, what will change?

FB was allowed to make multiple large acquisitions without a problem even though it was more than obvious that FB's position would grow further. I think there won't be a split-up for the sole reason of how easy it is to fine them for power abuse and whatnot. With FB's business model it's just a matter of time before they drop the soap and the FTC enters from behind.

If people panic over this they clearly don't belong here.

Yesterday we had a large wick that tanked the price to ~$9100 but it was quickly bought up by bulls, which for now is an indication that they are not giving it up. I am expecting one last (last as in temporarily last) +$10,000 visit before we put in a sub $9000 low. The charts just don't look bullish and I will follow the trend until it shifts to the bullish side.

In order to see how much capital comes in or goes out it will be important to keep an eye on Tether's supply. Major supply movements will affect the price just like it did last year.

That. It's quite funny how he claims to know that miners are selling 1800 coins per day, but doesn't know where to look in order to actually find out what miners are doing with their coins. One would think that it isn't necessary to spoon feed someone that 'knowledgeable'. 

Another important aspect to mining is that in times of uncertainty, miners use platforms such as Bitmex to hedge a potential drop. In this case it's purely done to preserve as much of their fiat value as possible, but without the coins actually touching a spot exchange. Miners are hodlers for the most part, not sellers.

Bitcoin tends to retest the 21 daily EMA (weekly chart) during bull runs and find support there, which it currently hasn't tested yet, and for that reason expect a touch in the forthcoming weeks, perhaps months. Range is $8200-$8500. From there we will have to see if it finds support or ignores it to fall even lower. If the bull run is still going, it will find support there just like it did back in 2017 and continue making higher highs.

The thing that makes me a bit more bearish is how we didn't respect any major resistance level on the way up until the 61.8% fib level that resulted in a brutal selloff twice. Bitcoin shot past last year's major support as if it didn't exist. In that regard, it will not surprise me if the price similarly doesn't respect it on the way down.

I have done quite well trading in the more recent weeks, and that based on technical analysis. I messed up big time in the past by opening positions when the market was either too volatile due to panic selling or fomo buying, or just assumed that certain patterns with a ~70% probability to break out in a certain direction, would actually break out that way.

It's not technical analysis that should be blamed for that, but myself, and so should people claiming that technical analysis is hocus pocus blame themselves.

Ether might be somewhat different with how it had a long POW history up to where we are today.

XRP on the other hand is a classic security token. It would surprise me if the SEC doesn't officially mark it as such, because it behaves exactly like a stock that bounces up or down based on partnerships and new company developments. Funny thing is that after Jay Clayton's (SEC chairman) interview, Brad Garlinghouse (CEO of Ripple) suddenly started to advertise XRP as being more decentralized than Bitcoin, lol.

The only downside to these delistings is that you can say goodbye to fair price discovery and welcome pump and dump schemes to take over.

What you are pointing out is unfortunately the sad reality, but only concerns centralized services.

You and me at home have a choice not to use them, and thus not to be subjected to these shitty regulations. In my case that comes down to paying tax over the small percentage of coins that I use for speculative purposes and need a centralized exchange for, but I don't pay a single penny in tax over my cold wallet holdings. People might consider me being a tax evader based on that, but I consider it theft to be taxed over wealth that isn't being used in any shape or form.

I have that choice, businesses don't with how lawmakers know exactly who to target and take offline.

Couldn't they have chosen a different title for the movie? 'Sage Thief' has a very negative connotation to it, which I'm sure people will pick up on when they see this movie being advertised locally. I don't recall having seen a movie or documentary about crypto that isn't highlighting how criminals use it. It's no longer 2011/2014.....

I might have a look at the trailer whenever it comes out and is subtitled in English, but I'm pretty certain that it will badly disappoint, especially if they spend a lot time talking about how great the blockchain technology in general is.

It doesn't matter what type of economy (e.g. centralized / decentralized) we are participating in. It's still up to the people to actually benefit from certain opportunities, which if they aren't capable of doing it in the centralized economy, chances are they won't be able to do so in the decentralized economy. In other words, the poor will still be poor and the rich will continue to get richer.

People think decentralization will solve all or most problems, but that's just wishful thinking. People here talk about decentralization as if they want it so badly, but they don't even know what it actually means, and with a high degree of certainty haven't even tried to use a decentralized exchange or market place instead of a centralized one.

It's quite a meaningless figure since it only applies to those who keep holding, which most people don't do. Even in a bull run it's possible for people to actually lose money because of how even then we can experience price drops up to 25%, which people usually sell into because they think the party is over.

This figure is usually what you see perma bulls on social media post. It looks extremely bullish but holds little value if you actually think further than just what they want you to see.

It's true that you can't stop sellers from selling, but it's not true that miners will or are dumping 1800 coins every day. If you doubt this, then go check the mining addresses and you'll see that only a smaller fraction of these coins are actually sent over to an exchange. Bitcoin's transparency is wonderful, which means that you don't have to trust on my anyone's information, but can check for yourself.

If miners would really dump all their mining rewards every day, the price would have gone back to $6000 again by now, or even lower. In the end, miners are incentivized to not hurt the price too much by selling, otherwise their operations will suffer too.

That's what I read all the time after a dump. People always blame whales for dumps because they think whales are looking to accumulate more coins. Also, whales aren't just one group of equal minded traders. Just like there are whales dumping below $10,000, there are whales trying to keep the price above the $10,000 level.

It's just the momentum that has shifted to the bearish side. There is less volume and thus less potential to the up side. Don't forget that people trade the chart, and not Bitcoin's fundamentals, and the charts aren't particularly favoring the bulls. Every rational trader/investor knows the importance of adjusting your game plan, which is something people here have problems with.

I doubt that this year's price action was enough to never see sub $10,000 prices again. People need to take into consideration how hard the price has gone up in such a short period of time. Bitcoin broke through resistance levels easily and didn't build up much support zones on the way up. The sole reason we're flipping back and forth below/above the $10,000 level is because of its psychological importance.

Once people accept that $10,000 is not an absolute barrier and we head down further, the price decline will very likely accelerate due to people selling to safe their profits or just because they are in panic.

Bitmex might be the one in the spot light right now, negatively speaking, but this will eventually affect other non compliant derivative platforms too. It's either you bullet proof your platform against US residents from the start, or you will be held accountable eventually for providing a service to US residents initially, even when you exclude US residents later on.

I'm pretty certain that when Coinbase enters the leverage game they will experience a massive boost in actual use. Currently people mainly use Coinbase as fiat gateway to enter or exit, but this is something that will keep people within their ecosystem. The good thing here is that they legally aren't allowed to offer anything near 100x leverage. I assume it will be 2-5x at most, which is plenty enough.