Nothing. If the price breaks the $10k mark easily and we pump straight to $12-$13k, then I am sure that people will be so confident that $20k is near, that they won't unload anything until we actually reach that price.

If people firmly hodl their coins waiting for $20k there will be so little spot supply available that it might only take a month or two to pump that high (obviously assuming it plays out like that).

I'm personally looking to cash out some profits somewhere around the $18k mark, just to make sure I'm selling before others start massively selling to front run those who wait for the $20k mark to be hit.

I can tell you with full confidence that the price will either go up or down in the coming days....

I always found it quite fascinating how people can be so confident in their predictions, yet don't actually long or short to put their money where their mouth is. If OP did, then please show a screenshot of your open positions.

I personally don't expect anything from the market anymore because it doesn't seem to respect the technicals anymore. I'll keep hodling and see where we will top out and finally have that correction we can use to buy back.

Something being a store of value can be different from person to person depending on their time horizon. In most cases people hold gold for 5-10 years on average and tend to add more gold as time goes by.

If you're not touching your gold bars for 5-10 years, why does it matter that the price is stable? In fact, people buy gold because they think it will go up. I don't know many people holding gold just because they want a stable price.

And that's exactly why a stable price isn't something you should aim for. Gold has been a horrible store of value in my opinion. It didn't only perform poorly, but it couldn't even beat inflation in the more recent years.

One thing I noticed lately is that when people talk about whales, it mostly concerns manipulation. Fact is that by default, someone with deeper pockets than the majority of the market is obviously going to affect the price one way or another.

Slippage is the main reason for the price to make large moves, and while the ups and downs might be caused by whales intentionally moving the market, it's mostly not done for the purpose of manipulating the price.

If you buy or sell like 1000BTC at once you'll affect the price no matter what. People however don't mind it when the price goes up, but when the price goes down whales are suddenly accused of manipulating the market....

Quite funny that you say this because most people only complain about how steep the fees are (which they actually are) and how they only allow you to purchase relatively smaller amounts per time.

Only the initial verification process takes time, where after that you can directly withdraw your funds. What may take some time is if you use your credit card to purchase Bitcoin through an exchange such as Coinbase.

Some times it can take like 3 days before they finally release the coins you bought, but then again, don't buy Bitcoin with money that isn't yours. I have never been a fan of investing in crypto in general with credit.

There is a difference between mixers that anybody can freely use and Coinbase as most regulated exchange in the space, so obviously, they will not make a problem out of Coinbase offering these services in Europe.

I'm personally not a fan of these crypto related debit cards but if there are people who do think it's of use to them, then they are free to use it. I just hope that they understand what they expose themselves to.

It's one thing to use your bank's debit card, but using one related to crypto makes things more risky than necessary. Who doesn't like being three-way spied on? 

People are either too lazy to learn technical analysis or have tried to but failed. People thinking about buying into signal groups tend to be those who failed trying to trade themselves.

If the above doesn't apply, people have likely been tricked into thinking that it's very profitable to buy the signals from whatever entity. Social media is full of shills pretending to have made thousands because of signals.

I have also noticed an influx of forex related signal groups popping up left and right. It might even be that some of these forex groups also run one or more related to crypto. It's a small world after all.

Being professional? I think being rational is the better term to use here. Even professional traders make rookie mistakes from to time because being rational isn't always easy in markets that aren't.

What I have noticed here is that people tend to treat trading similar to gambling when it comes to losing. People desperately try to gain back what they lost and focus too much on that until they lose it all.

Instead of reevaluating the market conditions, people apply a martingale sort of method where they increase their trade position after a loss and repeat that until they win or end up broke.

It's only a matter of time before the Euro fails. You're basically asking for problems if you use one currency in a continent that consists of very economically weak to strong countries.

Just look at what happened in Greece years ago. Currently we're not far away from seeing Italy follow the same path of destruction. If you think Greece was bad, then prepare yourself for what will happen to Europe when Italy implodes.

Direct result is that the weakest banks in Europe with significant exposure to debt in Italy will be triggered to implode too. Deutsche bank is an example of that and it has already a lot of problems without Italy threatening its existence.

I think it's just part of how the financial system works. Even if loans aren't likely going to be paid back, you can always repack multiple potentially unprofitable loans and turn it into a financial instrument you can sell.

Banks have been doing that for decades and that's where things tend to go wrong. If you also add that governments might jump in financially, the larger banks don't have much to worry about.

I would say the risk for these banks is pretty low in that regard. It sucks that things are like this, but as long as there is demand for debt banks will continue to turn you into their slave at little to no risk.

It depends on who's guessing because there is a difference between a blind yolo guess and an educated guess that's based on technical analysis where you long or short based on probabilities.

100% predictions don't exist, but based on probabilities you can make decisions that lead to profits on a longer term basis. If you're right even 6 out of 10 times with your educated guesses you're doing fine.

There are also patterns that you can exploit that do take longer to develop but are relatively speaking a safer guess. It just depends on what you look for at the end of the day.

People also thought that the price wouldn't be able to sustain the $6000 mark but it did so effortlessly. It's safe to say that the bears don't stand a chance in this market despite people expecting a correction to happen.

If we think back, speculation about a severe correction started the moment we pumped over the $6000 mark and we kept pumping since then. People desperately hope that we correct because they want to buy lower.

It could very well be that the corrections have already happened but just not in the way people expected them to happen. Maybe that the bulls have no problems absorbing whatever sellers throw at them with how strong the demand is.

I'm not sure if there is much useful data to extract from active addresses. I mean, it's cool that it's going up but isn't that just a reflection of the increase in price? More price action is more active addresses.

What surprised me is that Dogecoin isn't even listed on Binance. Imagine what it will do to that ecosystem with Binance liquidity causing the price and the security of that network to increase.

It also functions as real world example that you don't need bullet proof security and decentralization to send low value transactions back and forth efficiently. If it works then it works.

It does make sense if you think about it. If you have a lot of money you also have a lot to lose, so you automatically try to look for the safest asset to invest in for the long term, which in this case is Bitcoin.

I must however say that there is a difference in mentality between legacy investors and those who already have been into crypto. For most legacy investors even Bitcoin is a risky asset.

The most we can expect from legacy investors for now is that they allocate 1% of their capital to Bitcoin. 1% won't hurt them would it go to zero tomorrow, but will yield massive profits in the next 5-10 years if it does what we expect it will do.

Do you think the current setup might trigger a massive short squeeze? We haven't had one of these in a long time--all we have had so far were mini short squeezes due to the relatively neutral short/long ratio.

I still think that the psychological $10k mark will result in a brutal selloff the moment we're about to test it for the first time. Going from 4 figure to 5 figure prices is such an important difference psychologically that I expect fierce resistance.

The only thing I find a bit doubtful is that the volumes are heavily lagging behind despite the rush up we have gone through in the last couple of days. People are either waiting for a big move or it's largely thin bot activity we see happen.

You can thank news outlets and noobs for participating in this fud circus. The market however didn't seem to care about it, which means that people know it's fud or India has no meaningful impact on the overall crypto market.

The price has yet again surprised people with how it looked to be on its way down, but it popped right back up and is heading towards the $9000 mark again. You got to love how this market keeps trolling people.

I legit enjoy seeing how so called experts guess wrong time on time again. I'm sure they don't put their money where their mouth is, which is a good thing for them, else they would be broke "experts" by now.

OP probably doesn't care one bit because most newbies are fully invested in shitcoins they don't bother to withdraw from exchanges such as Binance. It's not for nothing that Binance holds over $10 billion in user funds.

I do like it that newbies ask questions similar to these because that's what average joes think about when it concerns Bitcoin. How and what if governments start banning it? I noticed this around me as well.

There are various phases people have to go through in order to appreciate what Bitcoin is.

# buying altcoins and realizing they're shit.
# investing in ICO/IEOs and lose a lot of money.
# get trolled by their bank or government.

Maybe I'm missing another phase, but you get the point.

Attack as in making it illegal to run a node. It could be on a corporate level where datacenters are no longer allowed to have their clients run them, or on a level where ISPs are cutting off nodes of you and me at home.

And yes, I'm sure there are a wide variety of agencies sniffing around in the network to gather information about money flows, who and where nodes, etc. They probably have been here longer than most people know about Bitcoin.

I think that may be playing a role when either LN gets integrated in full node clients, or features similar to coinjoin. They need a reason to attack nodes, and right now I'm happy to say that they don't have it yet.

US based users have always been hit harder than users from most other countries and that on several fronts, especially those in New York. The regulations businesses are subject to to serve users in New York is just retarded.

I hope this will stimulate to have more exchanges format and calculate what people owe in tax. Most users don't seem to have much experience with tax reports so there is a high probability that they mess up somewhere.

Ironic indeed. BSV and Bcash are so centralized that both chains have been reorged more than once, and people only found about it after a while because news outlets started reporting about it. What a shitshow that is.

Bitcoin being attacked by these scammers without result just shows how strong this ecosystem really is. No matter how many times they call their shitcoins the real Bitcoin, it only has an opposite effect.

Overall, the more developers are contributing the better it is for Bitcoin, but more developers also means that there is an increased probability of friction between developers because one developer isn't the other.