The good news is that this article is most likely focused on triggering a lot of noobies to click, and thus bogus. I honestly don't even want Russia (or any other country) to buy itself into Bitcoin.

The more they get involved in Bitcoin, the more incentive there is for them to practice force upon the developers or miners, which is the last thing we want to happen. Better safe than sorry they say, I agree with that.

Let governments pile up on gold and leave Bitcoin alone, which I think they are doing already and will continue to do in the future. Governments are toxic. Everything they touch turns into a pile of garbage....

I'm sure that there are enough rogue Ethereum miners out there with gear collecting dust due to the lower prices. What fun things can you do with all that unused gear? Right, attack smaller chains.

I hope for smaller chains that Ethereum's POS move will take a while, because this is legit a threat to everything they stand for, and of course the exchanges themselves, because they have the most to lose.

The most logical step for exchanges is to increase the number of confirmations needed for deposits with orders of magnitudes, possibly thousands, which some exchange do right now.

What form of manipulation are you referring to? I don't see anything hinting at that. People are easy to label price movements as manipulation when it doesn't play out in their advantage.

In 2017 no one complained about manipulation because people were making money, while people have continuously been doing it last year, and very likely this year as well.

Someone with a bigger wallet moving the price doesn't mean it's manipulation. The lack of liquidity is the main aspect to blame, which explains why OTC trading has been gaining a lot of momentum.

You perfectly describe how delusional some of the Bitcoin maximalists are. I respect anyone's perspective on this market, but back it up with facts, and Tone just can't. It's all basic level gibberish no one can do anything with.

Does he really trade that much? I see him talk a lot in his videos, draw lines on charts, but we haven't seen any proof of him opening or closing positions. He might not even be trading at all, just scoop up in-stream donations.

He once said that his affiliate links, referrals and in-stream donations account for a very large part of his income, the rest is likely from readings and presentations. Trading is on the very bottom.

Tell that to those supporting the scam coin BSV. I almost feel bad for those who legit believe that governments and the corporate world in its entirety will be using their blockchain to operate on.

To accomplish that they are looking to up their block space to over 1TB, which they are extremely serious about. I have never seen this level of ignorance and believe in something that has no chance to survive.

I thought that I have seen everything in the crypto space, but this is some next level shit. I wonder how long they will believe in this nonsense, because it will end bad for those who don't exit on time.

They aren't the cause, but will contribute to having it last way longer. Most of the dumps that we have seen happening are related to ICOs, and the sooner they run out of stock, the sooner we'll find our way up again.

It will happen eventually, but we're not there yet. The bags that ICOs hold are still something to not discard. It requires one significant dump to have them fear and dump as well, because the fear of lower prices is a real threat to their existence.

The charts have been fooling most people. It's always easy to revert back to the good old charts after an event has taken place. Never do I see anyone provide useful information about the market beforehand.

That's nonsense. The current cycle, which happens to be called a bear market, is over when the majority of the ICOs and short term minded investors have unloaded their bags, and this process could take years at worst.

The most rewarding way for ICOs to cash out is through Bitcoin, which is the most liquid market in the space. I want to see the ICO reserves shrink a bit further before I feel more comfortable about the end of the bear market.

These ICOs don't care about anything related to technical analysis. They only care about unloading the coins that have been given to them for presenting an idea or not in demand product...

That's indeed a common rookie mistake. The easiest way to get around this is to do the opposite of what you think is the right move. If you think it's the right time to sell, buy. If you think it's the right time to buy, sell.

I have done the exact same thing when I realized that everything I thought was right turned out to be wrong. Obviously, it goes against people's nature to do what they think is wrong, but in this case it helps tremendously.

Yes, people usually wait too long before giving up due to a tiny sparkle of hope that's left in them. If you are almost sure that you will end up selling in panic, you are way better off to sell right away.

Obviously, I'm not recommending anyone to sell, but people who can't handle this market could have prevented a lot of suffering if they let go of their coins earlier. It must be a never ending nightmare for those still awaiting.

Don't think the $5000 mark holds much importance other than it being a round number. The previous support just above $5700 is what's most likely going to form a make or break level this year.

And what exactly do you mean with 'we will hype ourselves'? That we'll believe in a bull run just as much as people did before the main support in November of last year was broken? That's going to hurt real bad.

I prefer people to remain bearish for a couple of more months. Being overly bullish has never yielded anything other than people losing their mind and most of what they held in fiat and crypto....

Sorry, but there is no such a thing as too cheap in the crypto world, and that applies to Bitcoin as well. $6000 was what people considered to be extremely low before we broke that price level, and look where we are now....

People usually look at the price and think that an 80-90% crash is all there is, but they completely ignore that whatever coin it concerns, it can easily go down another 50% from where it is today.

The only way to find out whether or not current levels are cheap is to have the price recover, but then again, it means that you missed out on that opportunity already. Whatever you end up doing, dollar cost averaging is the only proper way to invest.

It all comes down to shitcoins for sure. People have figured out that downloading random mobile wallet clients isn't the best thing to do with how many fake shitcoin clients there are available. It's easy to go wrong here.

The best solution is to buy a hardware wallet that's 1000x more secure than any other mobile wallet client, and at the same time doesn't require you to download untested software from sources you never heard of.

Exactly. I ordered myself 2 more yesterday when I saw the news about the nano x come out. It wouldn't surprise me if we get somewhat of a run on these older models, so be quick with ordering.

Most Bitcoin maximalists should NOT be paid attention to. It only requires common sense to understand how dangerous it is to get involved in altcoins, especially the ones that are easily NiceHash'able.

Overall, the ETC community seems so far gone, that the price didn't do much at all, which shows how little people actually care what they invest in. Even if they are demonstrated that they invest in shit, they will stick with it.

https://www.crypto51.app

That site shows how much it would cost to 51% attack a coin, and while it is a rough calculation, you'll be shocked how cheap it is to attack networks worth multi millions to hundreds of millions.

There will be eventually, but at this stage there isn't much noteworthy use happening. I read an article stating that even the Liquid side chain is helping to get the fees to go down, which is a straight lie.

Everyone can look into how much use the Liquid side chain is generating, and there is nothing happening over there. It has been 99.99% empty since it went live and there is not much indicating that it will change.

Is there any way to know when Schnorr will be rolled out? I tried to find a specific date but didn't manage to find more than 'somewhere in 2019 if things go according to plan', which could even mean that it will be 2020....

You are wrong. The majority consists of people who don't give a shizzle about what they buy or trade or use. If it offers convenience, the possibility of returns, they will be digging into it, and they already do.

If anyone even for a second bothered to look into why crypto has value in the first place, the amount of shitcoins and projects selling tokens wouldn't be anywhere near it is today.

It all comes down to the demand there is for this, and that demand will only keep increasing. If you thought that 2017s bubble was bad, then wait for how ugly the next one will be, where even less people will value decentralization.

People are easily convinced that the price will either go up a lot or down a lot. It all depends on what the price is doing right now. The flow of the market is the main driver when it comes to the sentiment in the market.

If we tank to $3500 people will dig up articles stating that $1500 is near. If we reach $4000 people speculate about the next bull run and the potential high that comes with it. It has always been like this.

As for the $6000 mark, yeah, I was expecting the worst due to how bullish people were at that point, and the market did the opposite. People have only themselves to blame for this. You don't go against the market, period.

PayPal has gotten worse last year when they changed their fee structure from a fixed 1% F&F payment option to one that's more dynamic--more expensive. Fees depend per region, but it has gone up to 4% for me.

The only reason I still use it is because it offers buyers protection which might come handy in certain situations, and the fees for G&S payments are passed to the receiver of the funds, which favors me as buyer even more.

Based on their buyers protection, which more often than not negatively affects sellers, people will keep using it because it gives them the security they need to not be ripped off on eBay or other marketplaces.

Databases are faster and more scalable than blockchains are, and with that in mind, there is no point for any centralized service to dip its feet in blockchain technology. It's a buzzword rather than a useful tool.

By the time everyone in this space wakes up and understands how insignificant the blockchain is as technology for the corporate world, the appreciation for crypto currencies as decentralized networks will explode.

I don't understand how databases have been overlooked that blatantly throughout the years before Bitcoin came into existence. You can 'bling out' databases the way you want and issue tokens as well. I don't get it.

Governments are perfectly aware of how their massive debts won't ever be paid off, they only pretend that they have little clue where they promise the sheeps that everything will be paid off within x number of years.

It's a system that has been doing the same thing over and over again, and that for decades. If people still wait for improvements and changes they are delusional. The only proper way to deal with this is to hedge it.

Most people do that with gold, and now with Bitcoin we have another--more convenient alternative. No need for paper certificates anymore stating that you "own" a certain amount of gold, with Bitcoin you hold the asset itself.

Unfortunately, rookies don't care, nor do mostly know what a private key is. Maybe that things will play out in a more favorable way next year, but then again, the effect will still be negligible.

We learn by falling, and this definitely applies to most of the rookies here. Let them burn themselves and based on that horrible experience build up a dislike towards anything with a centralized nature.

Coinbase has over 800k BTC in its reserves, and Xapo has an amount quite similar to that. The worst part is that Xapo secures coins for OGs as well. If they don't take self storage seriously, why would noobs do?

That's actually a good point. I have always wondered that if something is ever able to turn gold into a second tier store of value, and that after thousands of years worth of history, it's a cycle and therefore repeats itself.

Gold obviously is still the main store of value, but it's interesting food for thought. It might very well be why gold fanatics are similar to Bitcoin maximalist when it comes to the asset they hold.

Everything that challenges gold is shit by default, and everything that challenges Bitcoin is shit by default. I'm however glad that gold and Bitcoin can perfectly fine complement each other throughout their existence.