I remember watching Bitfinex's order book live for like an hour during the first major correct in January of 2018. Massive dumps in the range of 1000-5000BTC were absorbed without there being a bid wall at all.

I really believed it was Bitfinex being shady to keep the price up, but it seems that the dumps were absorbed by hidden bid walls. It's a pretty neat feature looking at how it works right now.

The thing is that order books are always subject to manipulation. It's either full of fake walls that have been stacked up to mislead people, or it's near empty to mislead people. Large players are better off using OTC desks.

Some? All decentralized exchanges don't ask for personal information. If they do, then it's not a decentralized exchange, but a centralized exchange. The whole purpose of these exchanges is to not deal with central entities anymore.

I do however agree on the liquidity being a major hindrance in terms of being more adopted. This is where tokens on Ethereum are doing well. It's super easy to switch from token to token since everything runs on the same platform.

I wish that merchants looking to accept Bitcoin were aware of how toxic BitPay actually is, but they aren't and for that reason will continue to pick BitPay over anything else in the market.

BTCPay needs some more marketing in order to gain the exposure it deserves, but then again, who's marketing something that's open source and free to use? That's what OpenBazaar has to deal with as well.

BitPay has a gigantic stack of money to blow on marketing with backers such as Roger Ver and Bitmain. It's so unfortunate that the wealthiest entities in the space are against the hand that fed them.

Coinbase is the most legitimate exchange in the space. It's also the main fiat entry/exit point for millions of people, doesn't matter whether they are short or long term minded. Coinbase is the best in that field.

Not sure why they blocked your account, but the main problem with people running into problems with Coinbase is that they underestimate the nature of a well regulated exchange.

If you read their terms, it would be clear that they don't tolerate certain actions and uses. Admittedly, the majority of the people don't read the terms, but in this day and age of the crypto industry you better do from now on.

If you really believe that it is obvious that Bitcoin will hit a $1 trillion market cap, then I expect you to dump the majority of your fiat net worth in Bitcoin and don't focus on what's happening in the very short term.

We have so many people here throw with predictions and whatnot, but only a handful of people actually put their money where their mouth is. There is no shortage of keyboard experts making empty predictions....

I haven't seen an indication of that to be honest. Sure, I do believe that whales just like most smaller long term investors are accumulating coins on the way down, but where is the evidence of this 'massive' accumulation?

I think what people tend to overlook is that a lot of the addresses that seem to accumulate coins belong to exchanges or other corporate entities. I think this does indicate speculation rather than accumulation.

The more coins exchanges hold, the more likely it is for people to have them sit there to wait for whatever market move in order to dump or trade them. I'll remain skeptical about this this subject till there is evidence of accumulation.

People shouldn't pay attention to round price levels when we haven't even broken through major resistance levels yet. It could very well drop back to $3700 or lower in case of a rejection, and this is more likely than a firm $4000 mark.

The thing here is that people have continuously been disappointed by what the market did in the last 15 months. I rather expect more of the same until we have a clear bottoming confirmation, which we don't have right now.

This of course doesn't mean that the bottom can't be in already, but the trend is what we should focus on, and the trend is super bearish despite the greenish last couple of weeks. Accumulation is what I mainly focus on.

That. It's very difficult to compete with the big boys due to how much of an advantage they have in terms of marketing and web ranking. If you search for it, the first one to pop up is BitPay.

Their terms and everything seem appealing enough to merchants, and their fee is only 1% and not 3-4% in case of credit cards and PayPal. Another thing is that politics involving Bcash isn't known by new entrants.

I welcome every attempt to rip the market open and see fair competition lead to better and cheaper services. The only thing is that these payment processors need to work on is their banking in order to really take over.

BitPay is one of the very few ones that's licensed to actually offer its services to US merchants.

I saw it on Reddit, and to me it really seems that this attention boost is somewhat unnecessary. Today's positive results could turn out to be something you can only dream of a week later. It's too unreliable.

It's clear that the lack of worthwhile content drives news outlets to dedicate whole articles to Tweets and other social media posts. Every smart miner would dig into this regardless of mining being very or barely profitable.

Well, what happened in 2017 with the fees wasn't all that positive, so that could technically be seen as downtime as well. If you wasn't able to pay $30 in fees, you would have to wait over a day for your transaction to confirm.

Admittedly, Ethereum dealt with the same problems, but that doesn't change anything about the fundamental problem that comes with how severely limited decentralized networks are in terms of scalability.

The situation improved for Bitcoin, but still, with enough network congestion we'll be having the same problems. More people entering this space means more network congestion--we're only a bull run away from high fees.

Correct. It pays off to mess up like that. Who doesn't want to rot in prison for such a short period of time knowing that you have a stash worth hundreds of millions sitting somewhere securing your future.

Life is unfair. It wouldn't even surprise me if this fat fuck launches another service in the coming years. Maybe he is already major shareholder in whatever service but we don't know it yet, which is the scary part.

Don't leave your funds on centralized platforms peeps....

It's not too low if we visit sub $2000 levels and we stay there for months. It's low when we visit sub $2000 levels and we pump straight above it rapidly. We only find out when it actually happens.

The funny thing about people saying that certain levels are low, is that they don't actually use that as an opportunity to buy because they don't think it's low at all. People wanted badly wanted to buy below $10k, where are these people?

It's just the market doing its thing and people go with the flow, which means that they sell what tanks and buy what pumps. Hovering below $4000 means that current levels are NOT low. Accept it.

When it's active people want it to be stable, and when it's stable people want it to be active. I think Bitcoin is doing fine where it is right now--everything is better than another major leg down.

People will only have appreciation for current "boring" price when it dumps 50%, just like what happened last year. The lack of activity was what people complained about, and here we are today....

I'm happy to accumulate some more coins at current levels, but I'm buying small chunks each time just in case we do get another leg down. I doubt it will drop much further, but you never know.

Bittrex used to be the main pump and dump platform before they started to close and freeze accounts. It was the number one exchange for a while based on volume, and now it's Binance.

I doubt that Binance is faking volumes, because they don't need it. It's the most popular platform out there where people trade because the rest of their internet buddies trade there. Who trades on Bittrex?

I don't like pumps and dumps either, which is why I don't participate in them, but hundreds of thousands of other traders do like them, and the best place for this is Binance right now.

For the sake of people not burning themselves on mad leverage multipliers, it's amazing to see the more reputable platforms only offer low to acceptable leverage multipliers.

Crypto is super risky on its own already, and people are looking to add even more risk by going x50 or even x100 on BitMEX. It's retarded, especially within a market that has no serious depth levels during its current bear cycle.

From crypto being a risky asset class people have gone to crypto being a boring asset class. 100x leverage is purely the result of supply and demand. We didn't have this back in 2013/2014....

Stablecoins offer much better value for money as currency and payment option than any of the currently existing crypto currencies. People might not like to read this, but this is the reality.

The only downside of the most popular stablecoins is that they operate on easy to cripple networks, being Bitcoin and Ethereum. By the time we're going through the next mania even these stablecoins will turn into bad currencies.

Unless there is a way to shift USDT to LN and have the whole process of transacting and settlement be instant, there is little that any crypto currency will bring to the table as being a useful local fiat alternative.

How stupid. I can somewhat understand that you don't have to wait for a confirmation when you buy a coffee or a sandwich, but this is something even the worst possible noob doesn't fall for.

It's basic crypto etiquette that you don't accept zero fee transactions as final. In Bitcoin's case one confirmation is the minimum, and in case of certain altcoins multiple confirmations are needed to satisfy me.

When you see whatever entity deploy an ATM you at least expect to deal with people who understand the fundamental basis of Bitcoin. No amount of convenience is worth sacrificing security for....

That's the main reason average joes enter the crypto space. It's always a friend or someone at work who's bragging about mad gains, which motivates people to invest in whatever they heard or think is profitable.

That's why the price continues to rush up during bull runs. People actually get the profits they are looking for, till the bull run ends and suddenly people start panic selling. It's quite interesting how the psychology here works.

Overall, greed is the main driver for everything that represents crypto. If the market is boring long enough, even the most firm 'believers' of the tech get bored and start complaining about the lack of market activity.

Printing money is shit, but in this case it's not printing money that made Venezuela sink deep, but the greed and mismanagement of one single person. Maduro is an incompetent bastard that shouldn't be in that position.

Every country prints money, but the way you do it makes the difference. Based on how hard you suck as government, you try to compensate that by filling up the gaps you didn't manage to fill up because of your incompetence.

Admittedly, the sanctions against Venezuela make it more difficult to be competitive on the global market, but still, the way Venezuela is fucked up is only the result of the shitty government there and nothing else.

Bitcoin is the wrong coin in that regard. You with a high probability will never find a block on your own. For argument same, even if you mine a block, the power it took you to mine it makes you still lose badly.

If you said Ethereum or Litecoin, coins that you can mine with your GPU rig, things would be different. But then again, finding blocks is also based on luck, because you're not the only small fish trying to be lucky and mine a block.

Overall, looking at how people "invest" or "trade" in crypto, it's fair to say that it's quite similar to gambling. No TA, no fundamental analysis, no understanding of the protocols, and so forth. People are flipping a coin....