Gold isn't really that limited, especially not when you look at how much paper Gold there is circulating.

Considering that most people don't mind going for convenience and buy paper Gold, it will gradually decrease the actual spot demand for Gold. Aside from it being a shiny metal and some people believe they have to own some physical Gold to be ready for a collapse of their fiat currency, there isn't much spot demand.

Gold's last 5 year gains are a little over 2%. You might think, great, it at least held its value, but when you factor in the loss in purchasing power due to inflation, things aren't as great as they might seem. I'm sure the picture would be different with way less paper Gold, but the situation is as it is. Not much that you can do about it.

You know that a lot of the physical Gold that governments are buying up is either coming in per ship or plane, right? It's an expensive and very time consuming process, where in most cases (specifically for that reason) the Gold that x country buys is stored in other countries, so they aren't even actually owning the Gold they have.

With some more momentum governments will start looking into Bitcoin too, but it might take a while because there are no billions of Bitcoin readily available, which are problems they don't have with Gold. Owning an asset is key with how custodians are an easy target for rogue governments. Don't own your private keys and physical Gold? You don't own these assets.

People started saying that the moment the price pumped from $4000 to $5000 in April.

If you follow the trend, the market does experience corrections where traders/investors are unloading their coins, it's just so that the bulls don't have much of a problem buying whatever sellers unload. As long as the demand is as strong as it is right now, I'm confident that we won't see the corrections people are waiting for.

The price will correct when the demand weakens and knowing Bitcoin, the correction will happen when people don't expect it. It will catch you by surprise, just like how the current bull run catched people by surprise.

That guy is just rehashing what the general sentiment is amongst people. He doesn't know a single thing more than you or anyone else when it comes to what the price will do. Don't let his subscriber count think you he's an expert or guru. He definitely is not.

Where were you when the price was hovering below the $4000 level?   Best accumulation is when you buy Bitcoin when people don't want to touch it even with a stick. Right now the noobies who didn't dare to buy Bitcoin (probably because they thought it would go to zero) are now getting tempted again.

I think you're too late already since most altcoins have taken a massive dump in terms of their BTC value. It's up to you of course, but use your fiat to buy Bitcoin.

It's even funnier when so called experts state that Bitcoin has bottomed around $3000 because JPMorgan announced their "crypto" coin. It's especially ironic because most of these baboons were saying that Bitcoin had to dip under $1000 first in order to bottom. It's so easy above $8000 to say the bottom is in and tie it to whatever event that played out around that time......

The only way FB's coin might impact Bitcoin is if crypto exchanges list BTC/FB pairs just like there are BTC/USDT and BTC/USDC. More potential liquidity.

Making gambling easier, that's what they're good at.

It's even worse with forex markets where broker A uses broker B, and broker B uses broker C to purchase contract rights from another broker. 

In this case I would consider this bad news because buying fake Bitcoins is now made available to people outside the US as well. It was only a matter of time before this would happen, but that doesn't make it less bad. At least the CBOE has withdrawn itself from offering these casino type of products.

Why would you recommend someone to use his precious Bitcoins to buy a trashy pumpy dumpy token? One doesn't sell the hottest and safest asset for something that's created out of thin air and is backed by empty promises and fraud.

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Apart from what people already mentioned, if you are looking for an exchange to sign up to, make sure you avoid Hitbtc and Bitfinex. I probably would look for a local exchanging service which usually seems to pay out in a quick fashion. It might require a 1-2% (mostly closer to 1%) fee, but the convenience they offer makes up for it big time.

Trading can be a bitch some times. I have had a similar experience back in the days when I bought Litecoin at around $2 where not long after that I cashed out 10% higher. I thought I did a good job but I couldn't be more further from the truth. Litecoin pumped so hard that I kept waiting for a correction but it never came.

Noobs are very likely going to be mental losers regardless of the trade outcome. If you buy and the price tanks, you're upset. If you secure profits by cashing out and the price pumps, you're upset too. It's close to impossible for noobs to be satisfied after a trading session unless you have the luck factor on your side.

If you think there are certain problems in the world, then waiting for things to get better by themselves will not help, because things will not get better by themselves. We have decades of history proving exactly that. Governments will not help either, they're more part of the problem than a potential solution.

It all comes down to individuals doing their best to improve the situation locally. You can't change the world or a country, but you can change things locally with some help from others. If enough people do that, things in underdeveloped countries can improve over time, but then still, I don't think we should aim at the people there to become just as wealthy as people in the western world are.

There is only so much that you can change when the government doesn't cooperate or even blocks attempts to have the situation in their country improve.

BSV supporters have proven to be mentally challenged, so it doesn't surprise me if they believe their own bs.

I do however feel somewhat sorry for them because they put their everything into that scam coin without realizing that they're pretty much going to lose everything eventually. In some cases I don't think the intentions of these supporters are bad, they just don't have the ability to seperate fake from real due to their weaker mental state. CSW knows how to get them to support him.

It will be so funny when they have TB blocks but still only 50ish kb worth of data in each block. 

It's better to refer to his site as bitcoin dot com or roger dot com instead of typing the domain as it is, which only boosts his scam site.

In the end, let Roger do as he wants. It's clear that he's only shooting himself in the foot with all this weak minded propaganda. It also shows how desperate he is because his BCash scam coin needs artificial transaction inflation to make it appear popular, while in reality only his minions are using it.

People are turning against him, just read through the Twitter comments under his posts.

People have been predicting an altcoin boom for months now and so far it have only been the low market cap coins that exploded from time to time. If you also take into consideration that Binance is no longer going to accept users from the US, even less fomo capital will be pumped in the coins they have listed.

Even the XRP army has finally taken a few steps back. They're way less aggressive on social media right now than they were at the beginning of the year.

You have to start somewhere, right?

The market in 2017 didn't have much economical mass, and we also had people rush to purchase Bitcoin so that they could be part of the initial ICO phase of projects.

As Bitcoin matures, there is much more capital needed to move this market by 100%, therefore I do expect that bull runs won't be as explosive as they used to be. Eventually I do believe that we'll blast past the $100,000 level, but I'm not sure if it's going to happen as fast as people think.

I'm not even sure what to do when we're at $100,000 after 2020. Probably hodl til $1,000,000? 

Where were your 'experts' when we were heading towards the $3000 level? Bitcoin was ripe for a short was the general consensus amongst fly-by experts, while it was an excellent buy above the $10,000 level. It's once again an indication of how people referring to themselves as expert surf the sentiment and hope to be right and rub it in your face.

Aside from some profit taking left and right if you're up a good 100% I would just recommend people to hodl and ride the bull run out, especially because we're not even remotely close to the block halving day. The true halving fomo might start to take off when there are just a couple of months left.

That's my target too. We're past the stage where reaching $10,000 can be referred to as a target, which it was below $4000 but no longer is today.

The current bull run brings me back to 2017 where each time I looked at the price it has gone up, which makes me even more happy that I closed my shorts between $6000-$7000. The trend has given us a signal where those who go against it will be rekkt brutally. I hope for our ultra bear Tone Vays and his hypewave friends that they have no open shorts anymore. 

I wonder how long it will take before the OTC market premiums have gone up to such degree that large investors start to slowly buy up spot. Good time to hodl.

Correct. It's hard to come up with an exact number of how many unique users are behind each address, but 3-4 times less would be what I would say too if I had to guess.

I actually never had a bad experience with Bitcoin until the fees shot over $30 during the previous bull run. Purchasing fastfood with Bitcoin, which I quite frequently do, was impossible at that point. Currently even at the highest point I only had to include a fee of ~$1 which is quite fair in my opinion. If I buy a giftcard I'll lose like $1-$2 in premiums, so paying with Bitcoin evens that out for me.

People need to stop wasting time on faucets and whatnot. Bitcoin has grown past that but some groups of people unfortunately not.

Trading profits, virtual gains, etc.

It doesn't matter what Bitcoin 'really' is, what matters is that you can always fit it in the appropriate section of your tax form. I used to use the alternative section for that, but now they specifically mention crypto by referring to it as digital currencies like Bitcoin, which is pretty neat. This causes less confusion and makes it clearer as to what section you should select.

I can buy a pair of stinky socks for x amount and sell them for y amount and still be subject to taxation. Anything is pretty much subject to taxation unless stated otherwise.

Pretty interesting to follow the number of daily active addresses of various coins, which makes it even more clear what platforms are actually being used.

Bitcoin 650,000 last 24h
Ethereum 515,000 last 24h
Litecoin 73,000 last 24h
Dogecoin 60,000 last 24h
Dash 49,000 last 24h
BCash 31,000 last 24h
BSV 9000 last 24h

It's even more impressive for Bitcoin when you take into consideration that Ethereum addresses are mostly used for tokens and not the native Ether. Nice.

Dogecoin is pretty strongly represented too. I like how firm that community is and they really seem to have a good time using it as micro transaction tool, and that without the toxic mentality.

This once again shows that holding exotic coins is a super tricky investment beyond their own pumpy dumpy agendas.

If this turns out to be a success, I'm certain that more countries will follow the same path because it's quite an effective way to combat the shitty side of crypto with little effort. Perhaps that this will help cleanse the crypto market sooner and I can only welcome these developments. It will lead to less outright scams and more potentially fruitful startups being given a chance to flourish.

Coinbase and the rest of the US based exchanges must be happy with this. 

Right. I mixed things up there.

I have my main bank account linked to my Bitstamp account. I only had a problem back in 2013 where my bank prevented me from sending money to Bitstamp, but they lifted that limitation shortly after me having complained about their unethical behavior. After that they haven't bothered me again.

UK has always been tricky with banks such as Barclays and Llyods acting like jerks.