It's weird how people keep focusing on the halvening. It's an event the big pocket investors have already bought into back in early 2019 because it's a happening known as fundamentally important far before it takes place.

As always, the very fact that the price is going up and tempts people to start buying results in more buying demand then sellers can sell into. People generally don't like to touch assets that go down.

Some even say it's related to the Corona virus, but that's utter nonsense. It's probably the most ridiculous happening people have pointed at for increasing the price in a very long time. Bitcoin goes up because it goes up. That's the story.

I read the whole thread yet still find it hard to understand. I don't think there is much incentive for most people to look into options with how complicated they are, especially not with how little people know about the simplest form of trading.

I have seen a couple of options threads on this forum already and the general sentiment is that the people commenting just don't know what they are talking about. For their own wellbeing it's better that they do not look into options.

Not really. I would have a look into the altcoin section of this forum, it's filled with get rich quick noobs who blindly put their money into scams like this. There is no shortage of victims with how people are here only to chase profits.

Even if OP can prevent only one person from losing money this thread is already worth it. We should help each other expose scams whenever we can because at one point we were in the same position as the current victims are.

We are in this together as community and should help other people where possible because no one deserves to lose money, and the scammers certainly don't deserve the money they steal from people.

People have been getting paranoid about quantum cumputing for many years now. I think the main problem is how news outlets present their "research", which is by turning every article into a clickbait moneygrab.

The more of a problem you make out of quantum computing as news outlet, the more likely it is that people click on it because they fear their investment in Bitcoin might become worth zero.

The whole crypto space would be a better place without greedy news outlets.

He doesn't even actually own much paper gold at all---he in an interview said that most of what he owns and is somewhat related to gold is either his business or the gold stocks that he has in his portfolio.

Gold stocks are to gold what altcoins are to Bitcoin, leveraged instruments to maximize their ROI. This means that he doesn't care much about the metal itself, but is obsessed with the gains that these stocks could provide.

I never considered him to be an actual gold bull because he is so obviously focused on ROI. If he really cared about the actual metal he would promote that instead of some speculative stocks he always considers undervalued.

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=696532
Current amount of posts (including this one): 6573
Amount of merit EARNED in the last 120 days: 9
Segwit BTC Address for Payouts: bc1qxw7gmjzf5neuuryugqd03sc4k863ad3unsdk53

He might not have, but I had it on all the time. I took two days off due to family coming over for Christmas and changed to the new signature just now, but it's still stating disabled for inactivity.

Could it be that yobit shortened the time frame which within you have to wear the new signature?

I don't think the fees are much of a surprise to people because they know what exchange has the lowest fees and sign up there. I'm sure you have seen threads pop up here where people ask questions about the fees.

What I think makes people lose out is the difference between bid and ask. On illiquid exchanges the difference can be so large that even when you make 2% on a trade, you still make a loss while you wonder how you could have lost.

If you have the luck to be on their side of the trade, then sure, you can benefit from their pump and dump agendas, but people tend to be so greedy that even when the price pumps, they sell too late because they expect higher prices.

Getting in and out of a trade sounds easy, but most people struggle with that. You need to set certain targets for yourself at which you take profits.... for example, take profits at 5% when your trade was a profitable one. Don't wait longer than necessary.

Poloniex wanted to become a KYC compliant exchange too aggressively and paid the price for it, then they also made a lot of accounts unusable without notice. If KYC wasn't a thing Poloniex would still be a top exchange.

Bittrex is indeed similar, but it seems less affected since it generates more volume than Poloniex and has more Bitcoin in their reserves, which basically means that they made fewer mistakes than Poloniex, which people appreciate.

It highly depends on what we end up doing when we crash after having touched the $50k mark. An 80% crash after a peak within crypto is quite common, so deducting 80% from $50k leaves you with $10k flat.

We need the price at +$100k levels to be somewhat confident in saying that we will not talk about $10k again, and who knows how long it will take for the price to get there. I will definitely cash out most of what I currently own.

I think the problem with those people is that they try to make profit quick. No matter how long you have been trying to get trading to work for you, there simply isn't a way for you to make more profit than you have lost.

Most people make things worse for themselves by raising the stakes in an attempt to gain back what they have lost, but gamblers have been the prefect example in terms of exposing how dangerous revenge gambling really is.

People can't even get things working for themselves in the stock market they claim is very predictable. How on earth will they be able to have any success within crypto, a market that's truly unpredictable.

When the mass starts selling or buying, you can be sure that the market will respond to that. Technically speaking, there only need to be one large player selling/buying and bots on other exchanges will very likely replicate that move.

Nowadays most projects print as many tokens as possible because they know it's the only way to get a high market cap. It says little about their liquidity, but it's a convenient aspect that helps get noobs excited because they pay attention to that.

People are misleading themselves. There is so much evidence to find about how they pretty much lie and fail that it should be an easy decision to not invest in any of them, especially if their claims are too big for where they are.

If people weren't so delusional and greedy, there wouldn't be as many scams projects as there are right now. People are the one to be blamed, especially if they don't care and buy into scams hoping that they will be paying off at one point.

Protection is quite hard to refer to when people are trading USDT. It's not just their shady nature I'm referring to, but also the counter party risk. If they stop paying out your stablecoins are worthless.

Tether has already admitted that they at one point weren't fully backed by dollars. If you see them admit that, something is wrong. Too bad decentralized stablecoins haven't gotten any adoption yet to replace centralized ones.

People in crypto aren't smart. Whenever they see a coin pump like that they want to get in, not wait for an opportunity to buy lower or avoid it completely. They are gambling with their hard earned money.

I remember when Coinbase listing announcements made coins pump through the roof, but after a while every one of them got dumped well below the price they started pumping at. It's almost a guaranteed way to lose money holding these.

If you know how to trade crypto coins on a very short term basis then go for it, but if you don't have technical understanding, better stay far away from any of these coins. It's not worth the risk.

We have had many rebounds and they all failed miserably, especially the one where the price pumped from $7.3k to over $10k. If you fall below $7.3k after such a bullish move, that's ultra bearish. There is no way to describe it differently.

Do I think that we have had the worst of the selling? I believe so, but that doesn't mean that we can't drop further. We haven't yet seen a capitulation candle that generally gets most of the weak hands shaken out similar to the one of last year.

In an ideal world that's how it should be, but we have enough multi-year evidence that people don't want to spend time getting the hang of trading in general. It's also like that within the stock and forex market.

It's such a shame because all they do is lose money instead of making it, and there are enough people ending up completely broke, especially when they mix in high leverage without knowing anything about the risk involved.

Not too surprising in my opinion. Coinbase is generally setting the trend when it comes to such policies. They have been terminating accounts of those who withdraw to gambling sites for quite a long period of time.

This ecosystem is bound to be firmly regulated so expect more of these drastic changes in the future. People probably didn't expect Binance to follow but they have been getting stricter as well. They are not an exception.

I don't think they forget about the project but simply don't feel motivated to do anything with prices going down. I can somewhat understand where they are coming from, but they chose to start the project and should continue with it.

This is where people lose confidence in projects and dump most of what they hold. In general, this is when you want to get in because it is much better holding coins at current levels than at when people were busy buying around the all time high.