It's definitely not related to the whale (whoever it was) moving coins to Coinbase. If you look at the charts and trade history of Coinbase, nothing indicates that a large number of coins has been sold, and therefore this specific reason is quickly debunked. It only requires a minute to check the charts and trade history.

The reason why the price took a dive is because of profit taking. People here have been talking about a much needed correction, and now we see to go through one, they still act like wtf is this? It doesn't matter what or who made the price go down. It's a correction regardless of the cause or motives.

I'm not complaining. I have sold a bit too early not that long ago and happily buy back if it tanks further.

We have had enough historical evidence that higher difficulty doesn't lead to centralization.

I would say that today with all time high difficulty levels, Bitcoin's total hashrate distribution is more distributed than in the years before with much lower difficulty levels. Bitmain and its pools have seen their share of the network decrease substantially throughout the last 15 months, which once again points out that even the larger players face difficulties.

As for BTG, that coin is mined with GPU's, so the ASICS used to mine Bitcoin are useless in this case.

I think they are being used already by blockchain analysis firms and very likely a wide variety three letter agencies. This is why I expect more whales to eventually use Blockstream's Liquid because of its fast and private transactions. The only thing Liquid is lacking is more exchange based adoption, but that's just a matter of time.

I must say though, whoever moved that many coins, it's massive free advertising for the whale alert Twitter operator. This news has been covered here on local news channels more than once today.

Price wise it may have been close, but the resistance in the background popped the moment the price broke the $9000 level. I honestly don't think much has changed at all despite yet another sub $8000 dump. As long as the weekly time frame remains bullish I'll follow.

I'm not yet tempted to buy in, but might start doing so when it dips well under $7000 and dollar cost average as the price goes down further, purely because I don't consider these prices to offer enough of a discount. We came from far and the market should be generous enough to provide at least one more opportunity to buy in lower. It always has so it might pay off to wait a little longer.

Analysts.....

It doesn't take much of a skillset to figure out that we are likely to increase to $10,000 and halt below it for a while with how much of a psychological round price level it is. Fact of the matter is that these so called analysts only pop up to state the obvious because it increases the probability of their predictions to be right.

Aside from stating the obvious, I literally have no idea what the price will do. It wouldn't surprise me if it tanks back to sub $6000 levels, but similarly it wouldn't surprise me if it blasts through $10,000 just like how it blasted through $6000 not that long ago. I'm a happy hodler enjoying the current ride. Popcorn is what I'll be investing in with so much price action. 

I would say hopium, yes. Charts can be made to look super bullish or super bearish depending on the time frame you're looking at, and the narrative you want to push.

Gold is an asset with one of the most liquid markets in existence. I don't find it super useful to compare it to Bitcoin's market, which is one of the most illiquid markets. It's obvious what asset the winner will be when it comes to cold hard percentage gains, but I expect Gold to make a significant move to the upside if turns out it has broken the $1300 level for real this time.

It's impossible to completely prevent it. Exchanges can however improve their internal monitoring algorithms to spot suspicious activity and freeze the involved accounts or halt withdrawals entirely sooner, but it only works until it doesn't. Hackers will always be able to outsmart an exchange, and we have seen that happen multiple times already.

Another thing you can try as exchange is to delist coins that have been reporting very low volumes for like 30-60 days straight. It doesn't prevent hackers from abusing low liquidity pairs, but it at least gives them less ammo to work with.

I have seen such an 'attack' happen in real time back when Mintpal was still a thing. A complete shitcoin got pumped by 5000% and hackers successfully managed to withdraw Bitcoin.

Since you're so sure about your case, mind to list the non-spendable address(es)?

I'm not saying this isn't what might have happened, but we all know that suspicions and thoughts aren't valid as evidence. Binance isn't perfect, but I'm sure they wouldn't refer to the +7000BTC withdrawal as theft if it was just an internal mistake that lead to the funds become unusable. They could just say it was a withdrawal request from a wide range of traders that has been processed manually.

Losing +7000BTC is the worst form of marketing there is, but they still were seemingly honest and open about it.

It's known that bank transfers take long, which is why you should automate the billing process. All my bills are automated and I never have to worry about being too late with payments.

If there are trust issues in the way that you may get double billed, there should be an option within your banking portal to set some restrictions such as only one payment per whatever time frame, and only X amount as max that can be debited from your account. If that isn't an option in your region, then perhaps we just have superior banking here in Europe, hmmm.

Since it's automated there really isn't much of an advantage using Bitcoin over a traditional bank in this specific case.

Are you an idiot or just acting like one? Participating in a scheme meant to pump an exchange token isn't increasing security for long term investments at all. You're basically buying a centralized piece of garbage that has been created out of nothing, and it will end up become worth nothing when these schemes implode.

If I was to invest in something other than Bitcoin I would rather invest in Ether than a shitty exchange token. Yes, BNB has gone up a lot, but that's only temporary. No exchange managed to stay on top for years straight, and I'm sure Binance will be taken over in terms of volume the same way Bittrex and Poloniex have been taken over.

I get it that figuring out who Satoshi potentially could be in the past was an interesting topic, but it's starting to become pretty annoying with how news outlets continue with this bs today. I really don't see any point in continuing this when the only valid bit of evidence is a signature from the address containing the genesis block reward.

I'm sure they eventually will find someone named Sato Naka and then again the whole media circus show starts from scratch.

I'm sure that if the real Satoshi is watching, he's rolling on the floor laughing at how stupid this space is. Must be happy to have left and never come back. His coins go up in value anyway, so what is there to come back for? No one of that level is going to waste time here.  

Not surprising.

The funniest part is that this Gold preacher only holds a small percentage of his wealth in the actual metal, while the major part of his wealth consists of so called Gold stocks and worthless paper Gold. We at least put our money where our mouth is and go balls deep in Bitcoin. This dude is just a clown. He's a Gold bug but doesn't own much actual Gold in relation to his wealth at all. 

I doubt he hates Bitcoin. I think it's more so that missing out on buying Bitcoin when it was below $1000 is what really stings him. His behavior is similar to that of a jealous ex. He probably considers it to be overvalued and not worth buying at today's rates, but with such an ignorant attitude he'll keep missing the boat.

Nothing special about it. Install blue wallet on your phone and request a Lightning payment. I have it on my phone too and passing satoshis from one user to another is super fast, and you also get more additional features from the smartphone app than a smartwatch app. It seem to be a gimmick rather than something people will actually use.

We all have our phones in our pockets, it literally just takes a few seconds to pull it out and launch the app to request a payment.

That's great for the prices in general. Stablecoins prop up the prices and are less likely to be withdrawn because of most people holding it don't want to deal with the hassle of verification and whatnot. Fiat is easily withdrawn because to trade it in the first place you have to be verified, which makes it way easier for people to withdraw.

It will be an interesting event once Facebook's stablecoin will actually be listed on most crypto exchanges. It will make it easier than ever before to buy crypto, and with how large Facebook is, there very likely will be billions of it in circulation. More bullish than bearish I would say.

Mental war for noobs perhaps, but for most people with a few working brain cells the bear market was a fantastic buy back opportunity. Buying back more coins for the same amount of money I got from selling is my main goal when it comes to accumulation, and I'm sure that applies to a lot more people.

At the deepest point of the bear market Bitcoin was quite clearly oversold, while some altcoins did well maintaining their value. XRP is a good example of that. People holding it wonder why it's not going up as much as the rest, but they don't understand that it had done well when other altcoins performed bad. Its USD price is exactly where it should be in relation to other altcoins.

It's close to impossible at this stage.

Accumulating any amount over 1 million Bitcoin will very likely be a multi year plan. There aren't that many whale sellers left, and OTC desks depend on them in order to match them with high level buyers. Also don't forget that this is a small smarket. Large scale accumulation is noticed quickly and steep premiums will be charged if there aren't that many whales left to provide enough coins to meet the supply.

In the end, if an entity with the capital was really interested in buying up all these coins, it would have been a secret plan, and not put out in the public like this.

Bitcoin recovering from long lasting bear markets isn't anything new. It did so with very poor fundamentals, and it's doing it with much better fundamentals. That's just how a speculative market works. It's irrational and doesn't really give much about what's happening under the hood. Price action is all that matters.

I'm sure that investors will eventually start to care about fundamentals and have it reflect in the price, but we're probably still far away from that.

As for Bakkt, it's going to be interesting to see if the CFTC jumps in and put a stop to their planned launch. I think Bakkt launching in an already bullish market might stimulate further upward momentum.

It depends on how it rebounds. I wouldn't want to be stuck in a bearish mood just because of a deep correction. We have a year left to the block halving and I rather remain bullish and ride the trend instead of going against it. If the price drops to $6000 I'm buying back. It's not worth it for me to wait for $5000 or lower, and I can always buy more if the price does happen to fall that low.

All the bears must be burning from the inside realizing that they missed a great buying opportunity. That's what you get when you pay attention to idiots such as Tone Vays.

Most recent exchange rate is indeed a good way to determine Bitcoin's "real" value. Another way is to look at the bottom to bottom development, which I have always found out to work better in my personal opinion. The bottoms are basically the new floors after a wild ride up, and so far we haven't dipped below past main bottoms.

I find it also important to point out how subjective valuing Bitcoin is. For one person it might be a steal or interesting entry point at $8000 while others may think $6000 is closer to what its value should be. The great thing about being able to long or short Bitcoin is that you can put your money where your mouth is and either profit or pay the price for being wrong.

I don't think they're all that different to be honest.

Main difference is that Gold is physical and enjoys some degree of industrial demand. Gold would have more industrial demand if the price wasn't so insanely high, where if the price of Gold goes x2 in the coming 5-10 years, that means there is even less industrial demand. If you believe that Gold will keep going up, then you're basically running out of ammo in terms of using its industrial demand as argument to stimulate your pro Gold narrative.

Most of Gold's demand comes from speculation and the use as store of value. So does Bitcoin. Both are being mined, one physically, the other digitally. In both cases it can't be done for free on a large scale. In both cases people want to park their wealth in something that can't be confiscated by governments, but they go wrong in the way that most of their Gold is held in bank vaults. Bitcoin makes that aspect easier and way cheaper.