Hitting the $9k mark seemed to have triggered massive sells since buyers from lower $8000 or even $7000 have taken their profit. There's nothing to panic, and no FUD to feel, it's just because of normal volatility and trading activity that sets off these dumps. As soon as it hit $9k, investors must have flooded the sell orders in hopes of getting out of the market at gains of over 12%.

At first, it's just some simple supply-demand factor that drives the price up. But later in its life, Bitcoin's market has been a mix of fundamental factors, hype and manipulation schemes, aside from the basic supply-demand idea. Right now, assessing the situation, to me it more looks like caused by FOMO by whales instead of the lower supply generation.

Waiting would be the only thing we could do, although it's pretty obvious already that he is not Satoshi Nakamoto. First, if he is indeed the creator of Bitcoin, then he must have known his own creation right from the start, as well as what are the most important things to remember in Bitcoin, such as the private keys. I'm also quite sure that whoever mined the Genesis Block (which is supposed to be him) should've considered it as a historical moment of his creation, and therefore must have kept the private key of the node used to mine it, which he could later sign a message with to prove his identity. All of which, BSV's CSW failed to do.

Even the article stated it, Bitcoin is not the sole solution to an increasing debt. Debt is indeed unsustainable, to the point that it seems like countries treat debt as nothing, and doesn't seem to care about paying them. What we need is a system that is sustainable, to prevent debt growth to actually solve it. Though Bitcoin could be a platform to transact faster without the hassle, and "might" make economic growth faster, it still depends on how the economy is run and Bitcoin does not guarantee an economic growth.

Media does have a large impact on whale manipulation. Due to their huge funds, they could easily pay a media site to cover a bullish news and catalyze the process of FOMO, pumping the price to their liking and then dumps it, leaving small investors in great losses.

Also, looking at the article, claims of 100% gains could be possible, but is still highly unlikely to happen. If talking about the bubble in expected halving, then it might easily achieve that on having $18k.

I didn't get the statement regarding "the stuff that has value on fiat." Of course, if you buy something, it must have some value. What I think would let Bitcoin shine the most is buying things that costs expensive. This is where Bitcoin could showcase itself by having small transaction fees on buying expensive products, removing banks as middlemen, and having a transaction as fast as 6 confirmations (just minutes to an hour).

What alarming conclusions? It just proves that Bitcoin is an excellent platform to be in when handling macrotransactions. It provides excellent security with minimal fees (unlike traditional banks) and much faster than going through all verifications in a traditional bank transfer. This isn't something to get FUD on since it's not a whale dumping all his coins in the market, which would be roughly 3.2% of daily trading volumes. It's just an address transfer and does not contribute to decrease of demand for Bitcoin.

Unlike regular company stocks that may be correlated their price action with the season, Bitcoin is not. It only depends on the hype and anticipation regarless of the month/quarter of the year we are in. The spike is just due to FOMO spread by the whales due to the halving. It's really meaningless to point it out on the start of the year. Maybe by total mined blocks, it would even make more sense.

US is always known to be a conqueror, if it wants something, it uses firepower and intimidation, together with penalties on trades to those who go against their will. Even if they say it's because of an 'imminent threat', killing someone on foreign land, especially a General, looks like an attempt to weaken the nation's morale.

A war isn't always good. It cripples the economy, even if they use cryptocurrencies. Most businesses would close, and there's no improvements if there are no participants like businesses. It might generate a short-lived pump though, but everything would be crashing, even stocks of local countries are affected.

Though those that aren't with the war might recieve minimal effects. But in a world war, it's either you're on the other side or not. Unless you established a neutrality like Switzerland.

Everyone could be a millionaire but there's no guarantee that the a million of a fiat has any significant value. Also, if all people would be rich, then there's no manpower to do the hard jobs that are essential, such as farming for food and construction works. Such situation would only just cripple the needs of the people themselves.

Also, stop thinking that cryptocurrencies are the way to become rich. That is conpletely wrong. It is not meant to be a get-rich scheme, it doesn't even meant to be holded either, but to replace traditional currencies. Also, its volatile market makes it also a higher risk investment that won't guarantee you getting rich. Get your beliefs corrected.

If he is indeed Satoshi Nakamoto, I'm pretty sure he would care most importantly about his private keys, since it is his creation, and second, he knows that it is the most important thing to consider in his creation. The argument that he does not have those keys is an utter lie because if you made Bitcoin in the first place, why don't he know the basics of what information to store/keep. Thus, he can't sign a message, and what he is to me is just a Nakamoto fan that has knowledge in cryptography, and lying in front of TV without humility and evidence to back his claims up, and made BSV to pump the hype and aim to replace Bitcoin, much like a business strategy.

Just days ago, the famous rapper Akon has launched his own cryptocurrency coin, called Akoin. This aims to power an entire city that would run on his currency that would be called Akon City, somewhere near 2000-acre land on West Africa. Such feat and initiative might prove the world that cryptocurrency can actually be used as a currency, and not just a speculative asset to play with.

Here's their official site: https://www.akoin.io/

As we cannot say for sure, it seems to me to be just another manipulation by some of the large players in the market. This might be because of the halving nearing us, which might be their main driving factor in rallying the price up. Though don't be too confident, as these players might dump it once more, once the investors shown some FOMO on the prices.

The problem with this is it's a loop that would never end unless the large companies initiates adoption of cryptocurrencies. Small businesses won't adopt something that the big players won't use. People won't use something they are unaware of, and would prefer to use existing fiat since they also has digital forms. And so such initiative would most likely be abandoned (10 businesses only) since businesses, especially those smaller scale, would hesitate to use a technology still not even used by more experienced international businesses as a way of paying taxes.

That's some dedication for sure. But the price volatility makes it less good of a currency, especially to use in long term. Price dips on USD/BTC trading pair would also adjust all prices of what you avail. And all those that you've spent already has the potential to buy more (or less) than what you bought on a specific time. Daily living on bitcoin might ne plausible if all the products and services depend their valuation using the bitcoin monetary system alone.

It would be irrelevant once you have high capital. You could trade even with slower internet speeds, which should come cheaper. The more important thing is your income and actual extra funds that you would use on investing on different crypto-projects or coins. Even when you have a slow 10Mbps internet, you could do all those activities smoothly at a price irrelevant to your income.

The people keeps debating because it is seen the other way around. Instead of being a stand-alone currency, they treat it as a speculative asset. Though you can't blame them for using it in that way since only a few, select merchants do accept cryptocurrencies as payment, and they also immediately convert it to USD/fiat, because that's how the government wants it and it would probably stay that way for more years.

We are locked in on a system made and decided by the government, and even how much you want to change it to foresee a world running on cryptocurrency alone for valuation, making that possible would still be difficult as of the moment.

It is indeed for us, but it's becoming a difficult task when we there are few available merchants accepting Bitcoin as of today. SMEs cannot be forced to adopt to accept Bitcoin as payment. Even how much people like to 'use' it in daily transactions, it's quite difficult.

Adoption for me should start on the larger companies. Once these international businesses adopt cryptocurrencies, smaller businesses would adopt too, which would actually make it possible for us to 'use' cryptocurrencies as a payment, which is its original objective.

From what I always believe on, the adoption should start from those big ones. Motivating small businesses is truly pointless since from these entrepreneur's perspective, they won't adopt something that even the big players are not doing, which only means that it isn't feasible to use. Though for me, it should start from the multinational companies in partnership with payment gateways, before it would be feasible to even SMEs.

Not unless he signs messages using these private keys, it doesn't mean anything. Blockchain is always transparent and the list could just be a compilation of large sums. There's no concrete proof and clearly, CSW doesn't think of what he says, and has always been seen as a liar even from the start. No wonder why his actions makes no sense most of the time, including this.