I don't share that opinion. Can you point me at positive or negative news that had an impact on the price? I mean, backed with actual facts and not just saying it happened around the time this or that news came out.

There is so much news coming out that every increase or decrease can be linked to a news article, while in reality that news had nothing to do with the price movement at all. It's pure coincidence more often than not.

Don't pay attention to that drug addict.... he couldn't care less about being right because he got what he wanted, which is media attention. It helps him stay relevant.

High volume in relative terms of course, because the volumes in Hong Kong are still peanuts compared to the volume in other Asian countries such as Japan, South Korea, and so on.

I am more interested in finding out what the next stage is for people after having bought Bitcoin.... will they keep it in Bitcoin or convert it to dollars? Volatility is quite a concern especially for those having bought a lot of Bitcoin.

I really hope they will hold their Bitcoin's but wouldn't be surprised to find out that people convert it to dollars, either partially or in full.... their main goal was just to get money out of the country.

Agreed. The funny part is that some of the operators of HYIP scams don't consider it to be a scam at all, more like an innocent game where most lose and some win. Scammers always try to justify their wrong actions.

At the end of the day, a lot of the people getting into these HYIP scams know that they are scams but don't care because they think they are early enough to get out with a profit.... that just tells you how far gone people are nowadays.

Plain LN adoption is what I believe will boost the adoption of Bitcoin.... we all like transactions to be cheap and fast and this will also help people to not be subjected to network congestion leading to high fees.

Back in 2017 when people got to experience Bitcoin for the first time they entered when the fees started to consistently be more than $10, which is a horrible user experience.

What's even worse was the fact that some people had to wait 12-24 hours for their transaction to finally confirm. LN eliminates that problem and should provide newbies a fantastic user experience.

Bots not dealing with emotions is one of the main reasons traders use them, so I see it as an advantage rather than a disadvantage.... emotions are useless when it comes to trading so better eliminate that aspect by using a bot.

The thing I'm not comfortable with is having no control over how that bot is utilizing my capital, especially when I'm asleep or just not paying attention, so I will stick to buy low sell high 'trading' manually as that is what I'm comfortable with.

China has always been a very unstable factor in crypto and this is just another example of that. I liked it better to not read so much about China but it seems that we unfortunately are reversing the narrative again.

I hope that it will be positive for crypto in general but I'm not holding my breath as there is always a catch to watch out for. One thing we can however agree on is the block halving as it is an event that will happen with a 100% certainty.

Not many things in life are certain, but the block halving is a fundamental event that we can count on.

I don't think it's that evident. In crypto there is always some event playing out that you can point at as reason for the price to have gone up or dow.... people are easily convinced that it's insider trading but I highly doubt that.

Most of these large movements are initiated by market movers knowing how to trigger short and long squeezes.... back when leveraged trading was less of a thing there were less of these spontaneous extreme mocements.

I would never do that. It isn't rocket science that a company valued at trillions isn't going to net you any serious percentage of profit.... you are lucky if they pay their shareholders dividends for holding their stocks.

I rather buy XRP (which I'm absolutely not a fan of) than to buy into Aramco stocks.... the company is too large and I'm not that confident in any company related to oil with how we're gearing towards the complete opposite direction.

Bitcoin is a one time opportunity while stocks and projects come and go continuously. Don't sell.

That opportunity turned out to be an opportunity in hindsight.... try to convince me of new opportunities that will emerge as we move forward with the price action, which I'm sure you won't be able to do so confidently.

I have seen so many people try to pass off certain price movements as money making opportunities in hindsight, but I have seen very few who actually predicted price action, put money at stake, and were right.

People are better off simply dollar cost averaging now the price is going down, all to have a decent position ready for the next bull run.... don't be that sucker who always misses out on bull runs, accumulate now.

I'm not sure if you are aware of what this means, but it has nothing to do with Bitcoin.... it's just the blockchain as technology they apply in a centralized way to be more efficient in what they do.

Overall, I never really saw much of an advantage of blockchain technology over a database, which generally provides more scalability too.... the hype around blockchains has made an empty industry become booming.

The funny part is that databases existed decades before blockchains became a thing yet it's still largely ignored.... this once again shows how poorly most companies have adapted to everything around IT.

It's hard to believe that people haven't heard of Bitcoin yet, so your observation is something I can agree with. People here just need to accept that the demand for Bitcoin isn't all that high yet in relation to the entire US population.

Taking above into consideration, it shows how much potential demand there could be for Bitcoin, so if we have gone up to where we are today with low adoption, imagine what's going to happen when mass adoption actually takes place.

At today's price the risk v reward ratio seems pretty solid, so I am adding to my spot position twice a month.... if we fall even lower then I'm getting even more satoshis for my fiat so you won't see me complain.

Despite all the tanking it did, it still is the nr 3 coin in terms of market cap, while if we go by the total number of XRP in circulation, XRP is number 2 in terms of market cap.... not bad at all for a coin that sucks, right?

Overall, the crypto market as a whole has been tanking for two years straight if we measure coins by all time high versus the price today, which obviously also applies to Bitcoin that currently is hovering 56% below its all time high.

There is no such a thing as all traders hodling, especially when you take into consideration that a lot people aren't interested in anything but short term speculation.... markets will be active no matter what.

With more cash settled contracts trading the aspect of scarcity and hodl becomes less of a thing as well because these contracts are very speculative by nature, similar to how they ruined gold's market and scarcity aspect.

Bitcoin's market will follow gold and there is nothing that can be done about it, so be happy that we're currently still able to explode in value like we did some months ago because that will be done and over eventually.

I ditched BitMEX for Deribit because of the overload error call, which hasn't been fixed ever since it was discovered. It reminds me of blockchain.com not fixing their bugs but blockchain's bugs at least don't cost people money.

Deribit has way less liquidity than BitMEX, but perfectly enough for most casual traders. I always managed to get my market orders fill near instantly without losing anything to slippage (yes I'm a small fish).

I would avoid Bybit as that platform has been shilled into oblivion by crypto influencers on social media.... most higher end traders avoid it too so just follow the smart money on that one and don't get yourself trapped inside their platform.

It might have been automated emails sent to users on a massive scale. It happens quite frequently that a database with emails gets hacked from a site where people are being sent emails continuously.

If only a few users fall for these mails and enter their log-in details, the hackers can access their real account and empty it if there are funds to be stolen. It's sad that it still happens, but not everyone is aware of these traps unfortunately.

The whole idea is that banks will use XRP for cross border transactions, which means that they will take a lot of XRP out of circulation to facilitate high value transactions in a matter of seconds.

The idea itself isn't all that bad, but so there are hundreds of other ideas that look great on paper but don't lead to anything.... imagine the desperation of those who bought XRP at +$1 thinking it will pump straight to +$100.

Ripple itself might be regulated, but XRP itself isn't---it's not even clear yet whether it's considered a security or not. As far as supply goes, it seems to be limited, but what if Ripple runs out of XRP to sell? I don't rule out issuance of more XRP.

The speculative nature of this market makes it pretty much irrelevant what the miners pay in electricity to mine one whole Bitcoin.... traders just follow the chart and trade it as it comes, bearish or bullish.

If miners generate their coins well below the trading rate of Bitcoin and dump them below critical support levels then they are ruining their own market.... traders couldn't care less as they can make money in both directions.

You nailed it. I'm pretty sure the block halving is already calculated into today's price, which it has been for a long while now.... people expecting some sort of a mega bull run will be disappointed heavily.

It's a fundamental event for Bitcoin, but it's not not a one shot ticket to the moon.... the price has more than doubled from its $3.1k low, that's technically enough to compensate for the 50% reduction in block rewards.

Also, if the price doesn't go up more to sustain today's difficulty levels then miners will withdraw some of their hashrate and have the difficulty come down to where it's profitable again.

It can't be called mass adoption unless we're talking about a large percentage of the population adopting Bitcoin, which isn't the case.... at most we can consider it a glimpse of some form of minimal adoption.

News outlets tend to exaggerate everything they write about just to make it look more bullish, while in fact, very few people actually are adopting Bitcoin and other crypto currency, so take their articles with a truckload of salt.

On a positive note, institutional adoption is happening as we speak with more legacy players entering the space, which I believe will help to stimulate the demand of regular folks to adopt Bitcoin.

Most people are waiting for this space to legitimize, which institutions help with.

Crypto is too risky of a bet indeed. It could work out extremely well, but then you need the luck to have invested in or right before a longer term bull market where prices go up.

If you bought crypto in 2018 thinking it would help you counter the inflation rate of your country, you would have lost far more purchasing, plus you actually lost in units too because cashing out at a loss means you get less units back.

People in these situations aren't speculators, they need stability which can be found in the USD, which generally is the preferred store of value tool even though people here see it differently.