I think it's safe to say that we've all been there at the very beginning of our crypto journey. I didn't enter because of Bitcoin's tech, I entered the market because of how I saw the price pump and I wanted a piece of that.

It was quite a nightmare. Price up was me buying. Price down was me selling, and this continued for months till I finally realized what was going on and who there was to blame. Yep, that was me. I blamed myself for everything.

I no longer invest in shitcoins. It's just not worth it anymore. I currently hold 90% Bitcoin and 10% Ethereum which is more than enough for me. Both have an extremely strong network effect. No other coins have that.

People don't seem to care about that. They just look at Coinmarketcap and see whatever coin pump like mad for weeks, then jump in just because it has been going up already.

People have been blaming manipulators for the price to tank, and some even blame the CME futures. In other words, they are looking for excuses so that they have an external element or party to blame.

Some people will learn from what they have gone through, and others will keep making the same mistake again during the next leg up. The next time will be different they say, yeah right....

It's very subjective at the end of the day. I have been reading about a looming crisis for over 5 years now, but it's still not happening, nor do I expect a major crisis to happen any time soon.

I think it's more so that people badly want a crisis to happen because they assume it will pump Bitcoin to the moon and far beyond. I don't think that's necessarily going to happen if I'm completely honest.

Bitcoin is still a speculative asset people and investors allocate only a tiny percentage of their portfolio to. I'm sure that a crisis would affect Bitcoin negatively, and may even affect gold negatively.

I can see a scenario where even that what we expect will do well during bad economical times, will end up being sold off just as easily.

It depends on how you look at things. While we were hovering between $6000-$7000 people called you a fud spreader for pointing out that a $3000 visit isn't all that unlikely before the end of 2019.

Admittedly, $800 looks unreasonably low, but I don't rule out a horror flash crash that could tank the price under $2000 but that's just me being realistic. I don't think it will happen, but I'm not going to discard the event entirely.

Look at $800 from this perspective: it's way easier to double from $800 to $1600 than to double from where we are right now to $7500. If it would drop under $2000 I will go big on Bitcoin, like extremely big.

Exactly. In fact, if we look at every POS coin, they have tanked well under their previous all time highs well before we actually went through 2018s correction. In other words, there is more proof of failure than success.

It's easy for people to demand a coin to do this or that. People sit at home and wait for an opportunity to present itself and then buy in. Once they sold they don't even care anymore about POS or POW. They'll move to the next coin.

If people here we're even remotely interested in the underlying tech, they wouldn't see POS as a solution. Everything comes at a risk and has a lot of negative side effects. There is no magical solution to make coin x perfect.

Considering that people don't seem to care, they will utilize this opportunity to scoop up some passive income, which is also the main reason for people to mess around with cloud mining.

I'm not tempted by this at all, but that 6% will appeal to a lot of people in the crypto world, and based on that I'm sure that this will turn out to be a great success for Blockfi. I can already see this being shilled on social media.

Overall, the few people here that have enough brain cells won't touch it, but the ones that have very few brain cells represent the majority and they see this as an opportunity they won't say no to.

Bakkt will do this, bakkt will do that. It's not going to do anything as long as they haven't been granted an approval by the CFTC. It's quite funny how they plan ahead while they don't even know if Bakkt will be approved in the first place.

Overall, payment forms that aren't Bitcoin to merchant or gateway isn't any different from spending fiat. I don't see anything special in how they set this up. It's like how people praise crypto debit cards, while it's still fiat that you are spending. Meh.

It gets even worse when you take into consideration that Bcash actually enjoys an incredible level of merchant adoption, but it has much less on-chain transaction volume than Litecoin or Dogecoin.

Both Litecoin and Dogecoin have orders of magnitudes less merchant adoption. Roger needs to understand that hes wasting his time and effort promoting something that's not going to take off, ever.

He was better off hardcore shilling Litecoin. It has much faster block times (also a benefit in terms of becoming a token platform), scales on-chain, does off-chain scaling as well, and has quite a friendly ecosystem.

I don't see anything good in following these sensational events. I look at how an exchange or service works for me, and as it is right now, Coinbase works just fine and there is no reason to ditch them.

Overall, an exchange (doesn't matter which one) will screw you over eventually anyway. It's just that people's bias against Coinbase makes it easier for them to follow these events, but then again, it helped Coinbase wake up, so it had effect.

It's basically the same as with the proof of keys event set up by Trace Mayer. I didn't have funds on any exchange, but if I had I still wouldn't withdraw it because there would be a good reason for these funds to be there.

I never leave funds on an exchange when I don't have a position open.

There is enough to find about crypto if you search for it and are genuinely interested in understanding the fundamentals. Documentaries however are a bit too sensational and highlight irrelevant aspects mostly.

Podcasts however are very interesting to dive into, especially if you follow those who actually know what they are talking about and don't follow the hype and technical analysis crap we see a lot lately.

The best thing about podcasts is that you can listen to them while doing something else. In terms of youtube channels, BnkToTheFuture is what I like to follow. Not exactly a podcast, but I just consume the audio.

Same here. It really amazes me how Bitcoin stimulates free thought and also makes people actually put their thoughts to work in order to force through much needed changes.

We can all sit back and wait for governments to change, but it won't ever happen. It's you that needs to set that first step in an attempt to improve your life and claim your rights instead of behaving like a slave all day.

There always need to be one to set that first step, and as time goes by, others will follow. With time we might even have global satellite reach where we can send and receive transactions without internet. That's freedom.

People should understand that stability in crypto isn't a good thing with how everything is focused on speculation, and not on use. As long as that doesn't change, you need volatility to attract liquidity.

The more stability there is, the more likely it is for the price to break out lower, especially in an already bearish market. All this market has to offer is an insane roller coaster ride, and that's what people are here for.

Overall, be happy that an ETF won't likely be approved in the coming 2-3 years. People initially said they don't like the idea of institutions owning tons of coins, and now suddenly an ETF is welcome?

People are so desperate to see their bags pump that they welcome something they initially were against. Makes sense.

Considering that insider trading is a thing even the most reputable platforms happen to participate in, it would be kinda safe to say that before Bakkt's approval we'll see a strong rally.

I'm however not exactly sure if Bakkt will actually be able to get the CFTC's approval. If it doesn't happen this year, it's safe to say that it won't happen at all, or at least, not without switching from backed to non backed futures.

For now we can blame the government shutdown, but that can't be used as an excuse for the rest of the current year. One of the most trustworthy entities asks for an approval. It should be an easy approval, not an obstacle.

Completely agree with you on that one. The moment we corrected to $17k after the $20k all time high people started about the next bull run going to $40-$50k before the end of 2018.

That's why I'm glad that the crash from $6000 to $3000 made people wake up for once. Sure, there are still these so called dreamers, but you can't force them to turn into an ultra bear. It either happens or it doesn't.

That being said, even though the current price might seem low, it really isn't. I would say that anything between $3000-$4000 is an ok price to dollar cost average, not so much to go big/all in.

My 'all in' moment will be well under $2000 if it ever happens.

It's greed. People somehow believe that the crypto space offers them all the tools they need to make the money they wouldn't be able to make without it. The reality however turns out to be very ugly.

Instead of making money, they are losing it, and in some cases it concerns their entire life savings, which is very sad. It's hard to imagine that people do this, but on the other hand, they just want to improve their finances for a better life.

It's safe to say that most people here have lost money one way or another when they entered the crypto world as newbie. In my case it was money I could afford to see vanish, but that's not how most people here manage their risks.

Our local fast-food delivery service accepts Bitcoin and I'm really hooked to it. It's not exactly a healthy habit, but it's super convenient. The best thing is that they accept payments instantly if you add an appropriate fee.

Other than foods I spend my coins mostly on renewing my VPN subscription, gift cards, etc. The basic things we all tend to spend our coins on. It would be cooler to spend coins with rising prices, but that's something we can't do anything about.

That's not a second shot, but more like the Tom Lee we all are used to make fun of throughout 2018 and even 2019. His current prediction is more than fair and I actually agree with it.

Absolutely. It actually makes sense as well with how there isn't anything here that will prevent Bitcoin from tanking harder from where we are right now. Holding current levels or ending above $4000 is pretty decent.

People complained about $6000 being boring and low, but how low is low when we after that tank 50%? How low are current levels when we tank another 50%? People need to be happy with what they have....

Bitcoin tanking from $20k to $3k in no shape or form will ever satisfy the SEC, especially with how there isn't a way to know what the 'real' value is of Bitcoin. It still could go down way harder than most people here think.

If Bitcoin does happen to drop another 50% from where we are right now, the chances of the SEC being even remotely willing to consider an approval will be gone for ever.

They will see it as a bubble that popped and from there maybe end this whole craze for ever. We here know that's not going to happen, but nocoiners don't look at crypto we way we look at it, and I can't even blame them.

Inactivity means there are no direct operational costs, while continuing your farm will lead to expenses that return every single month, and that without an indication of the prices recovering.

Miners kept mining all the way down, expected that $6000 would hold and from there recover, which it didn't. I'm not saying we'll be facing the same situation, but that option is definitely there and shouldn't be discarded.

Good to know that you're not a miner, because you apparently don't know how economics work, and don't know how to run a business.

We do need fiat. It's convenient and with chargebacks people enjoy a wide level of confidence in their finances as a whole. It's what I consider a system that works extremely well, especially within well developed countries.

Crypto on the other hand sucks hard as money. The user interface sucks, the user experience sucks, you enjoy no buyers protection, insurance, there is volatility, forks, and the list goes on.

I won't say it's one of the worst forms of currencies at this stage, but it's definitely close to that. Fiat is superior in almost every way. There is no point in hyping up crypto as currencies, they suck hard in that field.