That would make more sense in the grand scheme of things, but the once so spotless reputation of Binance is slowly going the other way due to how shady their IEOs are, and I can't blame people for complaining.

The good thing Poloniex has going for itself is that it is a regulated exchange, which means that they by default become unpopular with how most people always used their platform without problems and annoying KYC verification.

The pumpers leave such an exchange because of its regulated nature, meaning that Poloniex's volumes tank hard. I still feel bad for those who paid $400 million for Poloniex. At least 75% of that capital vanished.

There is no legal route to do so yet, but that time may come eventually. I am not aware of an unregistered platform allowing you to invest in legacy instruments using Bitcoin, but I would stay far away from them.

Regulators are very strict in this field and whenever they shut down such platforms you'll likely lose all your funds, which they then auction off for their own benefit. That's how things go here.

I'm not sure what ETF you plan to buy, but it makes more sense to hold your Bitcoin now the sentiment is improving on a weekly basis. Also, the potential returns through an ETF are peanuts compared the the returns Bitcoin yields.

There is another side to this story though. In most cases, people set their stops around or just below the level they think price will not fall under, and this has lead to a massive trigger of stops last year.

A lot of these +$6000 buyers are out of the market already, and those who firmly held their coins will very likely exit the moment we are very near the $6000 mark again, which is very healthy for the market.

In my opinion investors and traders who bought their coins between $3000-$4000 are more of an obstacle for short term growth than the bag holders of last year's +$6000 prices.

It should be clear by now that erything is possible in the crypto market. Better question is how sustainable is the $10k mark if we happen to hit it in such a short period of time. I don't think it's sustainable at all.

Every short term rally that we went through throughout the years has been followed up with a strong correction, and there is no reason to expect things to be different this time.

Speculators hope for a massive green candle as soon as possible, while most hodlers are perfectly fine seeing the price not go up at all, because their fiat currencies lose purchasing power every 1% that the price goes up.

I really expected the stock market to sink hard, but it surprisingly did the exact opposite and those who shorted rekt themselves in the worst possible way. Glad I don't trade stocks at all, otherwise it wouldn't end well for me.

Bitcoin's surge seems rather technical and could extend even further in the coming weeks. In other words, it's not related to stocks or anything else. The charts look healthy and more people start to buy in believing the bottom is in.

I hope for more accumulation below the $5000 mark, preferably below the $4000 mark, but I am ready to ride the market up as it comes.

It depends. If paying your taxes in Bitcoin isn't a taxable event on its own, then paying taxes in Bitcoin after a solid increase suddenly becomes so much more of an interesting option to traders and investors.

Overall, this is also part of adoption, so even though it only concerns a smaller city in this case, it's still a good thing in my book. People here became so spoiled that they dislike anything that doesn't fit in their picture perfect narrative.

As long as Bitcoin's price is so volatile people shouldn't be surprised that merchants and local governments use third party payment gateways to have every incoming Bitcoin transaction be converted to fiat.

Looking at their very low volumes, it may seem that they are very near the point of collapsing, but no one knows how long they can keep it up to have their platform running without profits.

Maybe, maybe that with time their volumes will somewhat recover, but looking at what happened with BTC-E that later on turned into WEX, I don't have much hope for a miraculous recovery, but never say never of course.

'Positive' side of their low volumes is that they aren't generating fake volume to make it appear that they are more active than they in reality are. They are very vulnerable being in this position, so respect for that.

I accept the disadvantages of centralized exchanges for the sake of convenience, and the fact that there is no decentralized exchange that actually offers something similar to what people experience on centralized exchanges.

In order to make me switch to decentralized exchanges, they don't have to perform slightly better, but a whole lot better. To add, I also haven't had a situation where I desperately needed to use a decentralized exchange, ever.

The price going up or down isn't helping crypto in any way. What people need is money with a fixed unit value, where 1 unit = 1 unit regardless of what the latest forex rate is. Fiat is exactly that. Crypto is not, and might never be.

I don't have to worry about what happens today or tomorrow because I can use my money to buy what I want today, tomorrow, and the week after that. Crypto only adds problems and uncertainties as money.

I seriously believe that tokenized fiat in form of a stable fiat token is going to gain more and more ground as time goes by, because this is what offers people the convenience of crypto, and the unit value stability of fiat.

April has mostly been a very generous month for investors and traders, but I don't see how it will be a crucial month. If we tank afterwards it won't change my view on the market at all, because that's what happens in a bear market.

The bull run people are hoping for won't be coming any time soon. 2017s bull run was largely fueled by ICOs people needed Bitcoin and Ethereum for. What do people need these coins for right now?

Maybe that IEOs will be able to initiate a bull run, but it won't be sustainable at all, because every hype cycle ends with a massive correction where people rekt themselves in the worst possible way. I hope the next run won't be based on any of this.

Crypto is different though. It's largely an unregulated mess where major sites like Coindesk are owned by very wealthy individuals who are only out to do themselves a favor because they have bags to pump.

Overall, people are different the way they process news and predictions. I remember how people were called a troll of fudder for saying that the price could potentially fall below the $3000 mark, and we almost did.

People are so emotionally connected to their investment that even though they realize things could play out against them, they hope that the opposite will happen and the price pumps instead of tanks hard.

People who invested for the long run have always had an opportunity to sell higher, but it all comes down to patience. In most cases people here are very short term minded, so they tend to lose more than they make profit.

I have been accumulating coins between the $6000-$7000 mark, which technically means that those who I bought the coins from did a better job than me due to my paper losses, but I don't sell anything so I don't lose.

If you also add that I accumulated coins well under the $4000 mark, my average buying price came down significantly, which means that I don't need $6000 levels to break even on paper. Again, patience is everything.

I don't know why people take this 'news' so serious....

Firstly, there is no evidence to back it up. Secondly, even if it is true, someone with deeper pockets than you buying into a market lacking liquidity isn't manipulating the market. It's something people got completely wrong.

If an institution is genuinely interested in tempting people to sell their spot coins, it will cause a massive spike in the price because there are no thousands of coins put up as sell walls waiting for other large players to buy into.

I don't even see that many 100-200BTC walls anymore. Bitcoin is too scarce with how many people are competing for the same pool of coins, and as adoption keeps picking up, even less coins will be available for sale.

It's just cause and reaction. Last year when we fell from $6000 to $3000 search results globally were up too, but it didn't do anything positive for the market at all, and that while people expected a lot of new money to enter the space.

People are curious about what's going on, but that doesn't mean it will translate into something of positive nature. I hope it will this time, but I'm not going to put time into following searches until I see more upwards movement.

Even if that's the case, so what? I couldn't care less about who uses what form of money. It's not our problem to figure out who the criminals are, because that's what the authorities are for.

Criminals use that what offers them the convenience they are looking for, so obviously, Bitcoin will be used to conduct transactions of any sort. People need to get over it and start caring about more pressing matters.

People also need to get over Bitcoin's anonymity aspect because there is no such a thing. Every confirmed transaction can be used against you at any time because it's recorded in Bitcoin's blockchain for ever.

Chat groups and other social media platforms where people blatantly shill services. I have no idea why people waste their time there, but there are hundreds of thousands of them being vulnerable to con artists.

Another reason why people keep using brand new and unknown exchanges is because of the shit coins they have listed (mostly coins that other exchanges rightfully don't want to list).

I don't know much about Bitinka, but a few simple searches already yield enough complaints for me to avoid it. If I don't trust an exchange I simply skip it, too bad not everyone thinks like that in crypto.

Correct. If you're not into meeting up with people to conduct transactions face to face, you're basically agreeing to leaving a digital trail behind the bank or whatever other service can use against you.

What people don't understand is that it in most countries is against the law to act as money transmitter, and IIRC, there have already been articles covering how certain local traders were arrested for selling Bitcoin.

That being said, I too would prefer a wire transfer purchase or sale when dealing with LBC. I am too paranoid to meet up with someone with how Bitcoin is such a wanted asset due to its price. Crypto coiners are walking targets.

That's how it always goes on that level. It wouldn't even surprise me if there are financial institutions behind the scenes pushing for a brexit while at the same time seeing their shorts accumulate mad profits.

The Euro has fallen quite a bit due to all this nonsense, which makes me even more grateful for the intense Bitcoin correction we went through last year so I can still get more bang for my buck.

I am afraid of the day the USD will overtake the EUR in value terms. Seriously, we went well below €1=$1.10 more than once already, so it's not unrealistic. If you test the same support levels over and over again, they'll break.

Actually, the timing isn't perfect at all. Most average joes (which is the group they target as social media platform) that got involved with crypto are down a lot, and the last thing they care about is yet another crypto coin.

I can already predict what headline mainstream media outlets will use to attract clicks: 'Facebook coin ignites crypto bull run'. They have zero clue about how no one in crypto gives a damn about Facebook coin.

The only way I can see Facebook contribute is when they will compete with Twitter to also enable LN payments when the time is right, because Jack Dorsey already said that he liked the idea of having an official LN implementation on Twitter.

As long as mainstream media outlets don't know shit about what thrives the crypto market as a whole, we can be sure that the price won't miraculously pump to levels where your dollars will only buy you a few k worth of Satoshis.

These imbeciles have no clue about how professional the entities involved in this space are. You can't fool them. They fool you. By the time they realize how things work, they'll be buying Bitcoin at prices well over the $100k mark.

The worst part about news outlets is that they never correct themselves. If it was an April fools joke that got the price up, it would tank as hard as it went up, but they rather choose to bury it under a thick layer of other nonsense articles.