Why should there be a coincidence? If you have money, you buy when the price is down. This guy had purchased quite a considerable amount back before bitcoin became mainstream, so he apparently always had confidence in the coin. So during the recent drip, he purchased even more. Perfectly logical from my point of view.

In terms of the "genuine" users you were referring to, realistically, how many of them are here? Or let me put it like this, if we're talking about learning about what's happening in the crypto world, broadening knowledge etc... Is this the right place for that?

I literally opened the bitcoin discussion section (the most populous board that is displayed at the very top) right now, and the first five threads are these:

• How long will bitcoin survive
• Why I love this bitcoin crash
• Bitcoin price is recovering!
• What will you buy if bitcoin will be $1M
• Why you believe in bitcoin?

Is this really the quality content you want to see, if you're trying to learn more about crypto? I think once we realize the following, everything will be easier to understand: Pretty much everyone here is here for the money. In the past, this forum may have been the best source for crypto related stuff, but not anymore, since there are a lot of other and better resources you can use. So let's establish that everyone wants to make money, and shape the merit system accordingly so that it makes more sense.

It is rare to see such a positive outlook from a regulator. The crypto world is obviously going to be the place where the majority of the money will be in the future, so whatever countries act first in determining regulations are going to corner the market and win in the long run.

İlk 2017 Eylülde duydum, tabii ki duyar duymaz girmedim ama sadece 2 hafta kaybetmek de çok büyük bir kayıp sayılmaz. Ben de keşke daha önce girmiş olsaydım diyenlerdenim ama para kazanmaktan daha çok şu merit sistemi gelmeden daha yüksek rankler alamamış olmama yanıyorum.

Actually I've never heard that kids are thought any curriencies, but if they were, than I would say about 12-13 it may be good start to bring the subject.

Forks have generally served as a way to make free money for a lot of people. The fact that a lot of people were instantly dumping the newly forked coins means that people are generally not interested in forks and the features of the new coins, they are only after their money.

Look at the total trade volume, it is barely over $500K in the last 24 hours. If this isn't screaming that this is a pump and dump scheme, I don't know what would. The price will go down very soon, once the people who triggered this cycle have made their money.

I would still not call it "rising", it is still fluctuating. In order for us to be able to say that the price has started to rise once again, the trend has to be green for at least a couple of days, which has not been the case so far. So there apparently still are some uncertainties surrounding bitcoin, preventing the price from rising once again.

Bitcoin doesn't need to become a currency, it is fine right now as an investment method. There are plenty of coins out there which are fast and have low transaction fees. You can use those coins for payment and hold on the bitcoin as a valuable commodity.

We don't use gold to make everyday payments, yet it is still the most valuable metal there is.

Well, the fact that registration is required to make big purchases pretty much proves the point of the previous poster. Even if a registration was not required, you could argue that there is no possibility of a vending machine to be confused with something else; whereas a bitcoin ATM could very well be confused with a regular ATM, leading users to lose their money somehow.

I think it is perfectly acceptable and positive that these ATMs are regulated, so that people who don't know what bitcoin is don't lose their money and claim that bitcoin is a scam, which would lead to a worse image for bitcoin.

This is a perfect time to sell for bitcoin, actually. Everyone believes that bitcoin will start increasing soon, so the fiat equivalent of bitcoin right now is low. So if you don't need any urgent money right now, you can hodl the bitcoin you make off of the sale, and make a lot more down the road.

It is a double edged sword; the increased number of participants decrease your cut, that is true. However, additional participants may mean that the ICO has a higher chance of succeeding due to the additional exposure brought about by the people in the signature campaign.

So I think it is not necessarily a bad thing. It decreases the risk of failed ICOs.

See, this comment just doesn't make sense to me. Bitcoin is not volatile only at the beginning of a year, it is volatile throughout the year; so you can't explain the drop only with the volatility aspect.

Two big reasons in my opinion, the first one being the sudden increase in price, towards the end of 2017. I remember just around November we were discussing whether it was realistic for bitcoin to reach $10K before the end of the year. The fact that it reached 2x that level shows how inflated the price was.

The second reason was a lot of governments questioning the legitimacy of cryptocurrencies and they weren't giving clear signals on how they would approach crypto. But it looks like that FUD is dissipating, because big governments are slowly starting to give clear signals.

It will definitely not rise at the speed it fell, because the fall was a mini-crash. If the price started to increase at the speed towards the end of 2017 once again, it would be worrying for me as well, because that increase wasn't healthy at all, as we can see now.

I wouldn't call it "recovering" unless the price is in the green consistently for, say, a week. These past two months, every time we reached a new low, people just kept muttering "we will bounce back soon", with no backing arguments whatsoever. Although I see that the FUD is disappearing slowly, I think it's still early to jump to conclusions.

And the prices are falling once again. I think it is too early to talk about how the market has "started to recover", because although the prices increase from time to time, in my view there hasn't been a major swing in the public's opinion in terms of how cryptocurrencies are regarded. I think the prices will continue to fluctuate in the foreseeable future, until we have a concrete update of some sort.

Other than people acting out of generosity (just like you did), I haven't seen posts that are worthy of merit obtain merit just because they were good. Most of the time, it is either some benevolent user giving merit to a newbie, or senior/legendary members giving each other merit, which means nothing at all, in the grand scheme of things. So I still don't see that the merit system is working as intended.

The importance of bitcoin doesn't have anything to do with its price, because there are a lot of coins whose prices are high, but are not that important in the grand scheme of things. Bitcoin is the poster child of cryptocurrencies, so if it goes down, all crypto will go down (at least initially). As such, bitcoin will not be an altcoin, because if bitcoin is reduced to an altcoin, there will be no altcoins remaining.

I was thinking that physical coins except memorabilia may be something like a shiny coin containing an NFC patch or something, which would be tied to your wallet, and if bitcoin eventually takes off as a mode of daily payment, you can use this coin as a way of authenticating your transactions.

Of course, you can do this via your cell phone as well, so it would be a gimmick in any case, but perhaps some people may be interested in it.

Dips like this make me feel better in the sense that it shows that pretty much nobody knows anything at all when they are making predictions. Just today a few hours ago people were talking about how this latest rise was the end of the slump. Just goes on to show you that basically everyone is making baseless predictions when they are talking about the future of bitcoin's price.