The more people use their coins to pay for goods the more pressure there is on the price as long as the coins get converted to fiat. People's missing will to spend their coins actually helps propping up Bitcoin. Mass adoption where Bitcoin doesn't get converted to fiat directly is what will impact the price for real, positively.

I too can't, because I find Starbucks way too expensive, lol.

And eh, there is no need to exaggerate. Fiat still offers far more convenience than crypto does as money.

Bittrex knows what that means for sure. They have a history of dealing with users in a not so friendly manner.

It's not possible anymore to withdraw a single satoshi without verification from Bittrex. The scummy part here is that while they don't allow you to withdraw funds, they do allow you to deposit funds, which is pretty much a noob trap. They pass it off as convenience for the users, but the reality is that they just aim to have people deposit funds and then leave for ever because they don't want to KYC/AML verify themselves.

It's just similar to how other legacy payment options work. The stores either have a hardware device that generates a QR for you, or they just have it pop up on their screen for you to scan. All you need to do is say that you want to use Bitcoin as payment, and they'll fire it up for you. Pretty self explanatory I would say, unless you haven't paid with your phone in a store yet.

I always found it such a waste that there aren't any physical grocery shops accepting Bitcoin, because that's where I do most of my shopping, and this is very likely the first step towards that. Right now it doesn't provide any usefulness to me as European citizen, but it won't take long before we here have a similar set up done by whatever crypto entity.

Coinbase pussied out of the merchant side because they have far more "important" things to do, such as list shitcoins. Gemini has the incentive as main Bitcoin entity and the financial means to turn this into a success.

I am aware of that, but I don't consider it to be much of a potential worry for me.

The amounts I work with don't justify me to be super duper paranoid and to wait for 3-6 confirmations. I have never had a problem going by the 1 confirmation "rule" and will continue like that. Secure enough is secure enough for me.

Can you not read? I was talking about transactions after 1 confirmation, not without a confirmation. I stand by it, it has proven to be secure enough.

And yes, I agree that the ATM operator burned itself by letting people withdraw without a single confirmation. How can you not expect criminals to abuse it, lol. It's like having a legacy ATM spit out free money just by pressing a few random buttons. That's what happens when people rush to start up a business in an attempt to front run potential competitors.

It reminds me of how many exchanges in Japan rushed to go live and got hacked due to how insecure their platform was. If you don't know what you're doing, you're paying for it.

How can you just have €15 profit when we even at the lowest point this weekend hovered around $6800?

Either way, assuming your profit is 20% with the price hovering over $7200 right now, you might take out the profits and leave your initial €500 in the market. If the price dips, you can buy back more coins, if the price pumps, you still have your €500 worth of Bitcoin. I never let myself depend on one single direction, always two. It also significantly helps reducing stress/panic.

You are the type of person who buys in at the very peak and ride the correction all the way down. The bull run has started back in April.

Bitmex has done more volume than ever before with +$10 billion in a single day. This is indeed leveraged volume, where as per the average leverage used 8-10x the actual volume is $1 billion at minimum. This is absolutely crazy. The thin spot markets are working in favor of Bitmex with how we're bouncing up and down like $400-$500 as if it is nothing.

People were screaming for a bull run before the price took off, they didn't get it. People right now are screaming for a correction, and they in a similar way might not get it. It would make sense based on the technicals to see the price correct, but the price has done nothing but ignore the technicals in the last few weeks.

Right now I'm just chilling and ejoy looking at the live charts. 

More people have difficulties understanding why Bitcoin went up so hard. There is no logical explanation other than fomo with how every TA indicator has been oversold for quite a while now. Time will tell whether or not it's sustainable, but time could also tell what the reason for the current increase is.

If we see Bakkt be approved, or an ETF, or whatever other coin backed product, the increase we have seen to over $7000 was probably the result of institutions front running (i.e. insider trading) the actual event.

As for the Binance problems, this isn't a factor that worries the market at all. They have the funds needed to compensate people, and they enjoy the support of the major part of the participants in this market. According to Binance, tomorrow is very likely the day that people will be able to deposit and withdraw again.

A good portfolio is 100% Bitcoin.

If you want to speculate on altcoins anyway, Bitmex allows you to long/short them without having to part with your precious Bitcoins. All profits will be paid out in Bitcoin too. Most people trade altcoins to end up with more Bitcoin anyway, so this is quite a convenient platform allowing you to do so, just make sure you don't overshoot using too much leverage. 2x leverage is more than enough.

Diversification is for people not knowing what to invest in. In crypto you have the option to choose between Bitcoin, and, eh, a bunch of crap.

BitPay even accepts zero fee Bitcoin transactions as long as the amount is below $50 and the fee used is appropriate according to the sate of the network.

Bitcoin has proven to be secure enough to consider transactions final after 1 confirmation, but you and the party transacting could have other terms to consider what is final and what isn't. Bitcoin's hashrate distribution hasn't been this decentralized since I can remember, which adds to people's confidence.

Ethermine and Sparkpool both almost account for 50% of the hashrate distribution in Ethereum, and the same applies to Litecoin. These are considered the most secure POW chains after Bitcoin. No wonder that their on-chain value transfers lag behind significantly. The big value movements happen on Bitcoin's chain.

That's false. The only thing they might end up doing when Bakkt is live, is to have Bakkt convert the coins in your account to fiat, then push the fiat to Starbucks.

Uh, no. Bitcoin doesn't need Starbucks, it's the other way around. Starbucks needs the publicity by marketing itself with very popular terms as Bitcoin and blockchain.

Don't understand how people consider this to be the path to adoption. They haven't ever built or done anything to make Bitcoin or basically any other crypto better.  

It's not a fact that most scammers/criminals prefer to use Bitcoin. Some do, sure, but most? Definitely not.

Bitcoin is a horrible tool for 'covering tracks' because you at all times have a transaction that sits in the blockchain for every agency to look into. If you also add that agencies are heavily investing in blockchain analysis and that their tools advance continuously, Bitcoin is actually pretty useless for high level criminals.

Nothing works better for that than physical cash and to some degree physical Gold. Nothing is more fungible.

I highly doubt that we'll ever see any level below $4000 again. Anything below the $5000 level is still a possibility, and I am ready to buy back there in an instant. My main task is to accumulate more BTC, not to accumulate more fiat so I am happier if I can dump these empty dollars again. These pumps offer an amazing opportunity to do that, the only question is when will we start correcting.

It surprises me that there is so much buying going on above $7000. Every attempt to crush it so far failed and got bought up quickly. In the end, this is what makes bull runs so powerful, the fact that people didn't prepare for them by buying in forces them to fomo in and be part of the current rush. Time will tell whether or not that was a good decision, but so far most people having bought any sort of amount this year are in the green.

Most traders sell around very important resistance levels, which Bitcoin has crushed without breaking a sweat. $6300-$6400 was a range that made sense to sell into, but the demand greatly exceeded what the sellers dumped on the market. I am no longer selling anything for the time being, because the current market has gone completely nuts.

If it goes up further, I'll start selling some around the psychological $10,000 level, else I'm just buying the crash that could follow from current levels.

If there will be another bubble, it's very likely one that's based on institutional capital that will enter the market through one of the many legacy gateways. If we manage to keep the current momentum, Fidelity publicly announces its services are live, Bakkt being approved, there you have the fuel needed to spark a bull run similar to what we saw in 2017.

It would be an interesting development if what we see right now are institutions participating in insider trading knowing that an ETF is due to be approved. This isn't just a regular increase, especially not if we keep rushing further towards $10,000 which isn't out of the question. This pump is mainly Bitcoin and not just the average retail fomo we used to see.

Grayscale's Bitcoin holdings now total ~$1.5 billion. An ETF should be able to suck up twice as much in actual spot supply worth.

I don't think you know what BSV is. The cult that supports BSV does that because Craig is their master. nChain and CoinGeek = BSV. Just like how Roger Ver and Jihan are BCash. What happens when you remove the engine from a car? It doesn't work anymore.

I don't see why people still try to "expose" satoshi. As long as no one signs that damn genesis block address there is no satoshi, ok?

Governments don't mind that at all, and I think they even incentivize banks to keep serving the underworld.

Banks keep providing banking services to the underworld because it's extremely profitable, and the 'mega fines' they have to cough up are a joke compared to the profits they make. Banks consider these fines to be collateral damage and are calculated in already. Governments know that and use these banks as cash cow.

They could end it by increasing their fines by whatever insane percentage, but they don't because they know that banks will stop serving the underworld, and that means no more fines to throw around with.

Recently Vitalik made "charity-like" investments in various Eth based projects, and this might be his way to return the favor by sucking them off.

Mike is also financially motivated to shill the crap out of Ethereum and the sheer number of scam tokens running on top of it because he holds the famous bag, and boy is it heavy. Mike has seen his portfolio note a loss of almost $100 million as result of that.

It's not viable to expect Ethereum to play a role of importance in what they call web 3.0. Google, Microsoft, IBM, etc, are all better positioned to change the way we use the internet, and the mass doesn't give a single shit about what they use as long as it works.

Lightning will contribute to more importance to the internet through micro transactions than Ethereum. It allows people to only pay for what data they consume, and this is quite a powerful utility. Also think about skipping annoying ads by paying a fraction of a cent, get rid of paywalls, etc. This is useful to people, and not some flashy Dapps that look interesting on paper, but in reality no one uses them.

I doubt anyone really cares about this. I'm not going to risk my precious coins to short an overhyped and non profitable stock on a platform that hasn't done anything to make me consider it trustworthy. On top of that, I can do that already from within my banking portal, but zero desire to do so. Crypto makes the legacy industry look almost irrelevant/boring.

Legacy investors complain about Bitcoin not producing anything, but what does Uber produce? It has never booked a single penny in profit. They even sent out a warning that they may never make an annual profit, lol. In other words, this will fit in the category of gambling. You just need to find a greater fool to buy your bag later on. 

Expect no mercy from the SEC.

This is pure madness. It reminds me of what we saw happen in 2017. I wake up, price has increased. I go to bed, the price has increased even more. I wake up again, and the price has yet again increased.

Instead of opening a leveraged short, I sold some spot just over the $7000 level, but it seems to rush even further. It's currently about to break $7400 and who knows where it goes from there. This is yet again a good reason to not sell all at once, but sell in smaller fractions on the way up. The same applies to buying on the way down.