I'm happy that we left the ETF pumps and dumps behind last year. Institutions and the market participants below them have accepted that it's no longer something worth focusing on, and it became too predictable.

Bitcoin's recent run is indeed based on an increase in demand, which isn't all that surprising with how healthy the charts look. It was really bad before the pump to $5000 but has improved ever since.

All the news we have seen pop up didn't do much other than slightly affect the market, but it quickly recovered and even reached much higher highs. Some investors will always remain sensitive to news, but the majority isn't.

Keep using these scam exchanges and you are guaranteed to keep complaining. The few shitcoins they have listed aren't worth using them, especially not when there are exchanges like Binance with plenty of other shitcoins.

I'm not often someone to agree with John McAfee, but his battle against this exchange is well justified. People shouldn't put the blame on KYC/AML laws and whatnot, this exchange is selectively scamming people.

People waiting for a dip to start buying most likely won't end up buying at all, because when it does reach $7000 they will wait for $6500, then $6000, and so forth. In other words, they'll miss out once again.

The price hovered below the $4000 for quite some time and people didn't want to touch Bitcoin, while now it's worth twice as much people suddenly wait for $7000 to start buying? Nonsense. Don't fool yourself thinking that.

Noobs will continue to miss out and eventually yolo buy during a pump because they are sick and tired of waiting. The downside to that is the likelihood of them buying the top of the pump and see the price crash shortly after.

A fool with money is still a fool at the end of the day....

If you sold at $10k you have still done a whole lot better than most people here who firmly held their coins all the way to last year's bottom. People can say they don't mind as much as they want, but they do mind it.

The only reason they kept holding was because at every round price level on the way down they assumed it was the bottom, and they were wrong time on time again. People severely underestimated how irrational this market can be.

It's so hard to be satisfied with your profits when you see the price keeps going up, but we have to deal with it. There is no way for us to perfectly time the market, so just be happy that you made profit to begin with.

What you mean with 'setting limits on decent living'? That governments should introduce a cap on how wealthy someone can become in order to not have the gap between rich and poor grow further?

I find that one of the most stupid recommendations so far. People need to stop being so sensitive to others being wealthier and more successful. The most important step towards change is to have it no longer bother you.

Smart 'poor' people don't complain but actively look to improve where possible, while the more ignorant 'poor' people continue to complain about how shitty the world is and how they can't make ends meet.

As long as decentralized exchanges suck hard, people have no incentive to shift. I doubt most people even know what a decentralized exchange actually is, otherwise they wouldn't call Binance DEX decentralized.

It seems that you too are easily tricked into thinking that Binance is trying to offer people a decentralized alternative. If you think logically, it makes no sense with how it goes against Binance as centralized exchange.

Why would a money making machine try to make a decentralized alternative that cuts in its profits? Binance DEX stinks and people fail to realize that due to their blind love for CZ with his innocent look and attitude.

I wouldn't call Coinbase a shitty service. It's the main exchange in the US and to some degree in Europe for money to enter this ecosystem. They have done wrong in the past, but more good in my opinion.

I know Bitcoiners don't like how they seem to have taken a massive dive in the shitcoin sea, but it's a business at the end of the day, and they haven't added the worst possible trash that doesn't stand a single chance to survive.

One way or another, you need to please dumb money with shitcoins to buy the more profitable big coins later on. Why would they choose Coinbase if they only had Bitcoin and Ethereum? They would go to Kraken or Bitfinex.

The question shouldn't be whether or not IEOs on Binance are worthy to buy into, but more so about how on earth can you as random Timmie buy into this shit because of how rigged and front-ran everything is.

You have to compete with Binance itself, users who have been granted the privilege front run other users, and a whole army of bots. Do you see where I'm going to with my point? You need to be super lucky to buy into one.

People have gotten a lot more sensitive to services not immediately delivering what they promised to deliver, which on one hand is understandable, but on the other hand also not because there is no way to avoid errors.

I personally would wait at least 24 hours before opening up a thread, and then calmly explain the situation as it is. Calling services a scam like this is unjustified and I find it even quite disturbing.

As service you try to do the best you can to serve your users, and then suddenly someone pops up calling it a scam for no reason. That sucks. There is no way you can protect yourself against this....

Even the best legacy traders in the world don't always end up closing a profitable position, and that while people here say that the stock market is easy to trade on, which obviously isn't the case.

You can't always lose with trading, not even if you blindly buy and sell at a random price. The luck factor that plays a role will make you profit from certain trades even if they don't make sense, that's just how it works.

In the long run you'll either end up with a big bag of profit or with severe losses, but not to the degree where you lose everything at once, unless you go all in on a single trade and you get liquidated in the process.

The wildest speculation so far that I have seen is that BitMEX was behind the dump to liquidate the crap out of the long positions, but another conspiracy theory without proof to back it up.

Overall, having that many coins by default grants you a massive advantage over the rest of the market due to how thin the books are, so from there it makes sense to have a leveraged side trade on BitMEX.

There are no set rules that makes side trading illegal or whatever, so traders are free to do it. People here are upset that the price went down instead of up, that's why they call it manipulation.

I'm not sure how many of last year's sellers have actually fomo'ed in already. I think that a lot of them paid attention to what the hyperwave squad was saying, therefore people might have believed that sub $2000 levels were due.

Most of the weak hands tend to buy into altcoins, so if we see altcoins lift up harder than Bitcoin, which hasn't really been the case lately, it's safe to say that weak handed retailers aren't fomo'ing yet.

For me to believe that they are blindly buying, altcoins will have to report 10% gains when Bitcoin does 5%, which is how altcoins usually tend to increase. Current rally seems to be driven by smart money rather than dumb money.

These market places thrive on centralized payment options that are reversible, which Bitcoin isn't. People using eBay absolutely love the buyers protection they offer, and I can't see them switch any time soon.

As far as I know, eBay has always had a bias to rule in favor of the buyer, which adds to people's confidence because they know that whatever happens, they at all times can get their money back.

Based on that I don't see how Bitcoin or any other crypto currency will be able to convince people to use it over the centralized payment options eBay allows you to utilize. Fiat is king and will stay that regardless of how high Bitcoin's price is.

It wasn't executed at a very low price. It was dumped in a way that the coins get sold at the best available price, which means that it could have bottomed out over $7000 with a thick order book, or around $5000 with a thin order book.

People keep saying it was manipulation, but none of them can explain why they believe it is manipulation other than the whale looking to suppress the price. Can you explain me why you think it's manipulation?

It's called economical activity, which Bitcoin unfortunately still has problems dealing with. Eventually there is no way back anymore because the use will only increase further and the mempools will be clogged up even without the price causing it.

Segwit hasn't had much of an effect so far and it has been struggling to break that 50% support mark for quite a while now. Batching transactions is what took most of the pressure off the network, let's not forget that.

Segwit gave us a 15-20% block size increase on average, which is peanuts in the grand scheme of things. There is no point in acting like the fees are "just" $3-$4 so it's better than how the situation was in 2017. We're in 2019 now so let's look forward.

Definitely not. I use what's the most convenient for me in local situations, and that's fiat. Bitcoin is too expensive and inconvenient to use. I don't know why people keep forcing themselves to use it for coffee payments.

Another point of importance is that in some countries spending Bitcoin (or any other crypto currency) is considered to be a taxable event, which adds more problems than it solves.

Bitcoin evolved into something that represents gold and no longer a viable small payment network it once was. No scaling = limiting usage so we have to accept that. I wish it was different, but lets hope LN will give us that.

RSI doesn't hold much value as long as the demand is stronger than the supply that's being dumped on the market. It has been oversold for so long that people kept calling a dump till the dump actually came.

If you call dumps long enough you'll be eventually right. It's not based on any technical understanding, but purely a lucky guess. The market has fooled a lot of chart cowboys in the last couple of weeks.

People are better off staying away from short term trades and stick to hodling and secure small fractions of profit every 20-25% the price goes up from here. Trading retail fomo is gambling, can't make anything else of it.

News outlets don't know more than you or me, so I doubt they have any type of insider that knows who or what invested large amounts of money in Bitcoin. If they can't back it up with evidence, then ignore it.

Another thing is that financial institutions tend to use proxy companies to invest in risky or not so popular industries, so that offers them an extra layer of privacy news outlets won't likely be able to crack through.

Fiat exchanges are the only entities that know how much money goes in and out, not copy and paste news outlets. They just want to sell you an interesting article because people love to read news about institutions buying in.

If you ask people what the next bull run trigger will be, most of them will answer with institutions.

What you are talking about is Bitcoin being undervalued compared to its long term price potential, but that's the wrong way to look at it because today's price is the only metric that matters.

Another thing is that using the term undervalued in Bitcoin is quite a subjective ballpark guess because aside from the base cost of mining, there is no way to determine Bitcoin's "fair" or "real" value.

The best possible value metric in my book is what people want to pay for a coin today, and as you know, it can pump tomorrow and tank the day after, so the value is subject to change every single day.

If you truly believe that Bitcoin is currently undervalued, then buy as many coins as possible asap and sit on them.

There is no such a thing as 'utilizing the power of blockchain'. The blockchain as general tech doesn't offer an advantage over what centralized databases legacy corporations already use. It's a buzzword hype.

Corporations will seek to leverage Bitcoin's decentralized nature as most secure network to offer their clients a wide variety of services that provide absoluteness, which is something that can't be done without Bitcoin....