The trend continued to rise due to prophecies made by many investors who held long with their coins as well as waited and didn't move their coins in the markets. China was the one who influenced a lot initially after which many countries like USA, Russia (started mining Bitcoins), Japan (opened more than 300k stores which accept Bitcoins), India (planning to regulate it), Canada and others decided to join hands and this gave Bitcoins a great boost. Think that when something is unknown, it doesn't get much attention and only gets hatred but when it comes out hard (the way Bitcoins did), then it rocks. User base from all over the world got increased as well as the number of transactions too which are the most important factor why we are seeing Bitcoins here.

The rule of less supply over more demand is responsible for such a rise in Bitcoins. Initially, investors started putting their money in Bitcoins and helped it grow with a stable flow by holding their coins then and till date. The day it went into media and became a topic of discussion when prices went 2x from 600 to 1200 put everyone in a dilemma why they didn't invest when opportunity knocked their doors way before. They took the advantage afterwards and are now enjoying their profits, seeing which new investors are getting attracted towards Bitcoins.

It used to be taxed in Australia but I think that they have also removed it over Bitcoins.
Now different countries are making different frameworks to start taxing Bitcoins in various ways.
The place where I live, I give all the details to my Accountant who manages everything for me by paying small amounts as Capital Gains tax showing Bitcoins as an asset and paying such taxes after showing it as something over which you can make profits is legal, I haven't faced any problems till date.

Nope, it used to be serious because I wanted to look at "oil and watch it pour".
Unlike others who tried their best to troll hard to make others sell their coins in panic (and became successful at some extent), I didn't make this thread under the influence of pessimism or to make anyone worry about the markets' happenings, but wanted to make everyone aware of tricks China was playing since it decided to short BTC. Thus, my decision remained firm and fair and proved to be right, I didn't panic and sell, I just hold tight and it proved to be very advantageous for me as well as my portfolio. Just watch, how they managed to get it down >25% straight away, and then how nobody gave a F*CK to their bans and took it back to 3960 currently. We are in a bigger and better ride atm, so hold tight and enjoy your cheap coins (if you managed to buy at 3k).

Nope, to my experience, I have seen many coins where volume gets decreased in spite of increasing while they prepare to pump up a coin.
As well, when the price starts tickling too quick and you see movements in a coin which has not moved since a week or a month, then get in because it's a sign of a pump getting ready to shoot it up to previous highs or even more. But I would advice you to stay away from a coin which is already getting pumped and look for something better, because one can never figure out the levels at which they should leave it because the more higher it goes, the more greed it gets in our mind to wait more and there we take the wrong decision of stopping by. Remember, it's never too easy to get out once price starts slipping down.

It's better to keep researching as well as see the terms the bounty managers decide in order to pay the bounties. Try to find as much information about the project you think you will apply for, and if it suits your needs then you should definitely give it a shot. Well, every other ICO bounty has its own limitations as well as different rewards, stakes, % of distribution as well as values (price) of their tokens, so it's your decision to choose one. In my views, it's quite easy to find a legit and trustworthy bounty campaign by going through the ANN's content here as well as reading the whole whitepaper and understanding the concept behind the project.

All of your choices look overvalued to me atm and may correct back towards down. If you are expecting some better returns over your investments, try to look for other coins which may not be in top 10, but are in top 100. BTS is currently doing its low atm and I think it's worth investing in it because the price is very cheap and at least a 5x could be expected in the long term. Looking for some quick profits? Buy TKN and hold till 45k (first TP) and if you may hold longer, wait for 50k (2nd TP) for some more profit.

Satoshi can't be, and should not be known. We should never be curious to know who they are, and that's respect.
Respect to their decision about being anonymous in order to support their invention's properties (Bitcoin helps you remain anonymous - though it's your choice to be it or not because it's more pseudonymous than completely anonymous). There were many who came ahead, proclaimed to be Satoshi but I still believe that they are yet to be unleashed (it's my personal wish for Satoshi to never come up and stay anonymous, stay safe always).
We all know coincidences occur, but it's not necessary what we have found is truth. If they were to be found, they might have left some footprints through which they may be traced. It's still unlikely to find someone if they decide to remain unnamed.
Think once again, if someone tries to know about you without your consent and you want to remain anonymous, will you give anyone a chance by leaving any traces behind?

But I have noticed one thing after all these ban dramas from China that the effect China used to have over markets has been reduced to such an extent that now nobody gives a damn about seeing what's China doing. It was their time but now, whenever China sells, US buys.
Investors in China are reported to be "shifting" their funds out of those exchanges to off-shore exchanges in order to keep using BTC and trading it. Chinese Government got terrified and was scared whether this technology would snatch away the power and emphasis that they have over their economy and are now trying to manipulate everything, but they have become unsuccessful this time.

Provide them with your actual profile link that ends with u=xxxxx

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Undoubtedly, the BTCChina news affected the markets and it was hit hard by investors who sold in pure panic.
But this is going very serious as after this, Litecoin creator Charlie Lee said in a reply to cnLedger's tweet that: "OKCoin and Huobi are meeting with regulators tomorrow. They might soon change their tune." - https://twitter.com/SatoshiLite/status/908375715279597570

It looks like China has taken its decision and is prepared to shut down these exchanges there. This may prove to be the toughest times in the history of Bitcoins and all this has endangered as well as challenged the existence of Bitcoins that whether a country's decision may ruin everything or not.

There's still a light of hope for everyone because the same guy, Lee said in his own tweet that: "This is a good thing. China can no longer play with the markets by banning Bitcoin. Crypto-currency cannot be killed by any country." - https://twitter.com/SatoshiLite/status/908379371571863553

Bitcoin still looks in a dilemma-tic situation here and the road upwards is looking hard if we consider charts which show that selling pressure has gone extremely high atm and control over buy side has been lost.

It was felt by everyone that China was spreading rumors as well as FUD'ing about banning their local exchanges' trade operations, but it turned out to be true when one of the top three exchanges of China, BTCChina declared today that they will be stopping all their trading operations on 30th September which shook the whole market and made Bitcoins drop below 3500 for the first time since August 22. This is a question of worry that if a major part of the Bitcoin's ecosystem stops trading it, how deep will the drop be?

This is where the real involvement of Government starts. After BTCChina stated they will be closing their trading operations on 30th Sep, everybody started to panic and the results are incredible. A straight 15% decline in a matter of minutes. This made the price break the downside "free fall" level at 3600 and therefore it has confirmed the possibility of something unexpected. Governments are trying to stop everyone hiding their finances from them and that's why they have taken this step, I believe I was wrong when I was thinking that China's role doesn't matter at all. All other services stay open like mining and other such activities being borne by them. The decline was sharp this time and we should take a lesson from this that if a major country backs off of Bitcoins, it's growth may be subdued in such a way that stability may decrease as well as the value will decline too.

If you can't wait with your investment, then making profits through trading isn't your cup of tea TBH.
The value is dropping because of sudden rumors that were spread by Chinese in order to manipulate the markets and move it down, short it and make money over it because if you can clearly observe, panic sells are huge compared to pumps as it took months for Bitcoin to get to this level and a few moments to slide down below 3900. Keep faith in your decision, Bitcoin has always recovered and charts are saying that it will recover back one more time. Stay calm and don't panic "sell". By using the word "invest", you agree that you fully understand the risks associated with it. I know how it feels when markets turn red and tend to go against our decision, but holding is the only option you have in order to succeed and profit from this.

Price of Bitcoin must be between $2500 - $3000 when you started the thread.
Value recently went to $5000 and declined back to $38xx after China's exchange ban rumors were spread like fire and I feel we are still seeing cheap coins.
But entering the markets atm could be risky as BTC is in the midst of either going north or south. Invest only if you think you can wait longer.
Remember that traders look for profits, investors look for values; traders sell in panic but investors stay calm even in the worst situation.
If you have the courage to take it, I think it is never too late for you to buy it.

The smartest move would be to buy Bitcoins and invest them into an altcoin if you know that it's value will appreciate soon, risky but better than waiting with your money invested in Bitcoins alone, why not circulate it when you know there are opportunities?

To resolve your confusion over China's ban, the answer is simply "NO". China didn't ban Bitcoins but their government has "paused" (temporarily banned) ICOs. There were rumors that China may shut down local Bitcoin exchanges but the fact is, they won't. After the rumors that came in the markets, there's a warm environment between both the sides and panic sellers are getting out by selling off their BTC IMO.
The charts are currently showing two different patterns:
One shows that if the price breaks down the support near 3600, it may be a horrific scenario for Bitcoins as the price may move more towards downside.
The other shows that if it successfully consolidates itself above 5000 again and creates a harmonic pattern, we might see a bigger rally, even bigger than what we have witnessed till now.

We all are aware of the fact that Bitcoin is extremely volatile but it is advantageous in my views. Count me in when it comes to leaving my full-time 9-to-5 job as I have already left a reputed company and focused on my gambling skills as well as saved a good amount of Bitcoins, which I know that it will let me and my family survive smoothly the whole life. Risk is the only thing you should take if you are expecting to get rewarded with your decision. Some believe that staying in a job is a better option but I believe that those guys must be too daring to leave it and take such a decision which has an uncertain future, but their belief proved they were right in their decision.

Hi Jacee,
I didn't want to quote your post to make it hard for everyone to see my reply.
I believe you are right in your words, but what shall we do then? Stop replying and commenting in the threads we feel we should post in?
Stop commenting in "generic" threads which are longer in terms of number of pages?
Come on, my English isn't that bad. At least I don't post how many people on the forum do, you must be seeing many participants getting more than 0.01 BTC for posting some bullshit comments which doesn't even possess an 'F' of fluency in their posts.

And about this:


Ah! Let me make it simple for you. I just made it clear to OP that holding is the best thing for everybody. When BTC fell straight from 1k to 250 in 2k14, many may have sold off in panic whom must be crying as of now.
About the word "alts", it was used for altcoins. I asked them that selling them won't harm their portfolio because Bitcoin will surely go up hard soon which will get them their invested money back in terms of fiat (USD). Then I said it's better to wait even in alts because if they go higher once again, they may be in profits from both ends. Simple as that.

I agree, because repetition of words won't make anybody's post look any more decent as well as qualitative as what it could be when they do it short and simple. But for the conditions to be fulfilled here, even those 3 sentences may be needed in full.

Anyways, thanks to the manager and Nexchange guys for accepting me in their campaign. Will prove everyone that their decision isn't wrong, as well as if I were in place of those who got rejected/not accepted or even put on the wait list, I would take it as an opportunity instead to improve and show them why they should have me. I am not harsh but very kind in my words, so please don't take them wrongly because talking negative is easy, but taking negative is hard.

Hey Solar DAO guys,
It was great working with you from my end and hope I also gave you the advantage by advertising for you guys. But I think it's time for me to leave as I currently need a bit more BTC in order to cut off my expenses which is why I am switching to something else. Hope you will understand my concern and be kind to my decision. Just wanted to ask you whether I will be paid for the last week or not?
Will be removing my signature and avatar after this message.