This belongs in the altcoin section since it's just about BCash, keep that in mind the next time you post.

Not so fast boys, the price took a massive massive dump from $7700 to $6200 so the person you guys are making fun of has actually been right.

I have said it multiple times already and will say it again; Bitcoin has always been generous offering a second opportunity to buy lower. Not sure if this was the last opportunity, but it definitely was a great one to buy into. Too bad for me as European that most of the action happens just before we wake up so I missed it, but humans do need to sleep so I can't blame myself for that.

This high volume dump is exactly what the market needed, and if you think logically, you can't expect the price to show 5-10% gains every single day. In the end, we are still well above $6000 which is a good thing, so is there a reason to complain? I certainly don't think so.

Tone Vays is such a toxic moron. Too bad some people consider him to be a Bitcoin guru or expert.

I never liked Tone Vays to begin with, but when he said that people like Tim Draper need to sell all their coins before the bottom is in, I started disliking him even more. Tim Draper did more for Bitcoin than Tone Vays will ever do. All Tone Vays is doing is wait for gamblers to use his Bitmex ref link and noobs watching his live streams to donate him a few bucks.

You fuck off Tone, you won't be missed.

Relax, I'm certain that most people with a functional account there don't agree with you. 

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From what I have noticed, Bittrex is very strict when it comes to how people use their account. If you for example deposit funds well above what you usually deposit in value, they can and quite often do freeze your account and ask for bills, source of funds, etc as evidence. Similar to what LBC has subjected its users to.

I'm happy that everything is sorted out, but didn't they explain what the problem was? How will you be able to know what not to do the next time?

I also used to think like that, but capital in this market always shifts to the next best option. People have proven to not care about one coin going bust. 51% attacks on coins have also proven that it won't automatically translate into a shift from POW to POS because people believe it's no longer safe. Heck, 51% attacks don't even result in price dumps anymore, lol.

Most participants in this market are nothing like the OG's we had back in the days. If one thing isn't doing well, or isn't pumping, they hop over to the next coin.

Not really surprising that the hashrate isn't spiking up. 2018 was a horror year for Bitmain & Co.

If the price manages to stay above $6000 or go up higher, I am certain that in a month or two, perhaps three, the hashrate will increase parabolically. I did however notice higher hashrate lows, which is a good thing because that does indicate that more miners are being put to work.

Another thing that might contribute to a somewhat stable hashrate is that Bitmain's plan to fire up 200,000 miners will probably wait till they have enough paid orders in so that the difficulty doesn't rise too sharply, because that would discourage potential buyers.

People laugh at Warren Buffett, but he will laugh the hardest in the long run because of his stake in numerous institutions that are digging into the crypto space. The institutions entering the crypto space will very likely end up replacing most of the incompetent and shady exchanges, which is a good thing.

Doesn't surprise me. He has proven to be a shady and scummy person with his scam project MaxCoin. He literally dumped all his insta mined coins on innocent people, the fucker.

Peolpe hand over their information to third parties without realizing that it isn't a good thing. I remember that last year there was some sort of a low value shopping voucher you could claim locally, but for that you had to fill in a detailed form requiring pretty much all your information.

The worst part is that it wasn't even one of the participating stores themselves, but a random third party. What I think happened in the background is that people's data has been sold and with a small chunk of that they bought the vouchers to give it to all the participants. Another risk here is that hackers can gain access to their servers and actually abuse it.

Just say no to all that nonsense and don't use public wifi hotspots. Nowadays everyone has high GB data bundles anyway, so why do you need that wifi?

$6000 the new low? How so? We haven't even tested it yet. On top of that, the market hasn't respected the resistance levels that the charts and volume indicators were hinting at, so why would they be respected on the way down when the short term demand vanishes as quickly as it popped up?

Nothing in the market has changed to the degree where I would be comfortable saying that sub $6000 or $5000 levels are history. I'm comfortable saying that about sub $4000 levels, but that's it. Bitcoin has been generous offering second chances to buy lower, so just have some patience and enjoy all the price action that's happening right now.

That's the general way of thinking, but we have seen quite some significant dumps already, and they have been absorbed as if they were double digit BTC dumps.

Just by observing the demand, it to me looks like that we're in for more upwards momentum, and that's also why I got rid of my short. I'm not yet comfortable putting in a long, but it wouldn't surprise me if we pump straight to $9000 in the coming days, especially with how altcoins are pumping too, so the overall sentiment is super duper bullish.

In the end, the price goes down fast (which we have seen last year) and goes up fast, that's Bitcoin. It hasn't done anything else in its first decade. 

Profitable or not, it's just flat out stupid and unethical to put money into an obvious scam just because you can make some quick bucks.

Your investment in these services allows them to continue longer and thus scam more people. Too bad not many people here care about ethics and pump money into scams left and right just because they are too stupid to make money by utilizing their knowledge or skills.

People somehow believe that money in crypto grows on trees; in most cases they walk in with the little funds they have, but end up walking out with $0 and a bad mood.

The problem isn't so much that we're being spammed, but that people (mostly speculators) recklessly choose a random high fee to be sure that their transaction is included in the next block. If a lot people do that at the same time, you get an auction effect where people outbid each other for that next block confirmation.

It could be that due to large OTC transactions where that next block confirmation is so important, that people just pay up for it. It's better to pay a dollar or two extra in fees than seeing the value of your transaction go down hundreds of thousands of dollars because you went with a $0.25 fee. There have been a lot of high value transactions recorded on-chain, so it doesn't surprise me that the fees are higher than usual.

It's a free fee market. Can't weapon yourself against that.

There is no set date or time frame for a transaction to fail and the funds to become available again. It all depends on the individual nodes and their configuration because one node isn't the other, and the state of the network plays a role too. It could be a matter of hours if the fees are extremely low, or days at worst.

You use online wallets to monitor and check prices? Sounds odd. You can just use one of the many websites or dedicated price apps to do so.

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I have recently installed Blockstream's green wallet for android and must say that I like it. This is the first time that I actually enjoy using a mobile client, while the Electrum mobile client that I used as main client did its job, but it doesn't have an appealing UI.

The only downside is that transactions don't pop up instantly, which is something I'm not keen on. I don't know why that is, but it takes like 30-60 seconds before a transaction pops up while it should pop up instantly, just like how it does so in my Electrum client. It could be a backend configuration they need to work on, but hope they'll fix that soon.

They aren't purposely denying/delaying decisions. It's a $4.5 trillion ETF market that the SEC guards, and Bitcoin hasn't done anything to show why it should be allowed to be part of that market. How it works is that the SEC has a list with requirements, where each deadline allows the filler to meat their requirements, and they fail time on time again.

One aspect that plays a very important role, and the fillers can't do anything about, is what's going in the ecosystem around Bitcoin. The fake exchange volumes and Tether drama isn't helping at all.

The SEC has always been very slow. There is a priority queue where large fishes have front row seats and the smaller fishes wait somewhere in the back.

The same applies to the CFTC and Bakkt. Bakkt isn't important enough to allocate a whole lot of time and effort to.

I'm not sure who the people are that you're referring to, but if they think that whatever entity shouldn't use Bitcoin, they don't know what Bitcoin is. They also don't know what the definition of freedom is. Everyone can utilize Bitcoin at any time of the day, and I am happy that people (regardless of who they are) can use it.

The only 'negative' side is that more utilization of the Bitcoin network will bump the fees, but on the other hand, will also drive Segwit adoption.

Crypto market "analysts" have been wrong more often than they were right. This isn't 2013/2014 anymore where merchant adoption is reason for investor excitement. Everyone with a functioning brain knows that people rather hoard than spend, because something that goes up in value doesn't motivate to be spent.

I like this news because it offers much needed competition in an industry dominated by BitPay. Roger Ver is pushing hard to make Bitcoin the least interesting payment option, just like how his bitcoin dot com wallet by default chooses an exorbitantly high fee for Bitcoin regardless of the mempool state. Too bad this scammer has so much influence in this space.

Some may indeed be lucky, but most of the people who bought below $4000 were just smart.

Noobs kept paying attention to morons such as Tone Vays and other bears thinking the price had to drop below $1000 for the bottom to be really in. I also remember Tone having said that Ethereum had to drop below $20 or something to finally see Bitcoin increase. What the fuck. How can someone be so stupid? People actually pay him for one-on-one sessions, lol. I would ask for a refund.

The only part where luck will play a role is where you end up securing profits. People cashed out at $5000, but that wasn't it. They cashed out at $6000, but that wasn't it either. I have secured a chunk or two of my profits too soon as well, so I'm going to wait for $10,000 to actually sell again.

I'm strongly of believe that $100,000 is the very minimum the price will reach as peak. Everything above $100,000 is a bonus and I'll happily short from there and ride it down to a new bottom. Time frame wise I am looking at before the end of 2022. By that time institutions and more retailers have enough onramps to actually allow money to keep flowing in, which was a major problem in 2017 with how crippled the exchanges were.

By that time Lightning will provide the users the convenience, speed and low cost transactions they want and need. It might be even so that they don't know what the main network is because they're onboarded straight onto the Lightning Network.

One day most of the average joes using banks as custodian for their Gold will figure out the exact same thing.

Bitcoin gets rid of the dependence on these custodians, but people as always need to find out the hard way why Bitcoin is such a powerful tool. Losing money has always been the most effective way to get people to understand how toxic banks and governments are. Better late than never I guess.

It's only a matter of time before governments will allocate a portion of their freshly printed fake money to Bitcoin in order to for once actually own sound and useful money.