You are very much contradicting yourself here.

Fresh money entering the market = demand.
Stagnation in fresh money entering the market = low demand.

If there is less demand after a significant increase, it automatically translates into there being more supply available, therefore the price goes down. It's basic economics that we're talking about.

The fresh money entering the market was what allowed the price to keep increasing last year, till the entire market ran out of steam and the CME news was sold. Or do you think fresh money has no function at all in this space?

I don't see how that's important in the moment, because Bitcoin's market is very thinly traded, which means that even a relatively low number of coins being bought or sold can significantly impact the price.

As we all know, it goes in both directions. Last year the thinly traded market worked in our advantage, and now it goes the other way. Also, I never really had the impression that rookies cared about coins with a low supply.

XRP is the perfect example of that. It's mind boggling how no one pays attention to how many coins it has in circulation and locked up, but hey, we're dealing with a different group of "investors" here.

The only thing people nowadays care about is prices to go up as far as possible. How and what coin doesn't matter as long as it happens.

Why would they? It makes more sense for them to shake off weaker miners, which lowers the difficulty thus increases their profitability. If you follow the hashrate, the gaps of weaker miners are filled up quickly.

Selling miners at discount prices lowers people's break-even point, which means that they are less likely to back off during less profitable time frames. Bitmain is always out to put their customers in a disadvantageous position.

Customers ordering miners are competitors. It's that simple. I'm looking forward to see Bitmain's Q4 sale figures next year, because they should have tanked badly with how the market wouldn't and still won't go up.

That could very well be the reason Bakkt didn't launch as planned and probably won't be able to launch in January. If you think about it, the scarcity aspect of Bitcoin is easily countered by having cash settled products available in any quantity.

If you look at gold for example, it took ages to finally have a gold backed ETF approved, while non backed instruments were widely available already. Probably a sign that they aren't loaded up yet and don't want to inflate prices unnecessarily.

We'll see where it goes from here, but I wouldn't be surprised if all this turns out to become a huge disappointment for people hoping that it will affect the market positively.

You still seem to be, and the timing isn't really surprising at all.

I do agree there is a lot hype around crypto, but that's what people buy themselves into, right? Speculative assets are never priced fairly because they are always ahead of the actual utility and potential usefulness.

Exchanges are quite problematic as well, but we're seeing more exchanges comply with the jurisdiction they operate in, and that strengthens the market as a whole as time goes by. You need to take the market with a grain of salt.

If you think you're right and aren't open to any form of input, I don't know what there is left for you to do here. Sell your bags to fiat and be freed from this space.

That doesn't work. At some point you'll see the groups and teams you are referring to run into a wide variety of disagreements on various levels, to later on split and cause more harm than good.

Bitcoin's current team of developers have done an exceptional job making sure development goes the right way, and that consistently. Admittedly, it's a bit too conservative in my book, but things are as they are.

Satoshi, with all due respect, has no role in this industry anymore aside from being a massive whale due to the coins we assume he owns. It's better like this. People should stop caring about him.

It all comes down to how it affects people here. If they bought coins and not long after the price pumps, they are perfectly fine with it even when whales are behind it, but when it's working against them, it's suddenly a different story.

The mass is the biggest whale in the game, because we have been on both sides of the cycle in 2017/2018 when it comes to greed and fear. Everyone has a sell button, and people are more triggered to utilize it right now.

The current dump is a perfect example of that. It's action--reaction. As soon as average joes see the price drop, they'll make sure they get out before it drops much lower, because they expect it to do so. Blame average joes, not whales.

These futures appeal to institutions because they don't care about the real thing, they are only out to ride its exposure. Why would they buy Bitcoin when this is just as efficient?

They don't want the hassle of storing coins, which isn't as easy as it may seem. People think a paper wallet or hardware wallet is enough, but it's not. Securely storing millions worth of coins goes way beyond that.

If you look at gold for example, most of the volume generated consists of derivatives tied to it, and not the real thing itself, and the same will happen to Bitcoin when more and more institutions enter the market.

I am quite sure that you are pretty close to what's actually happening. The mainstream media reports about how prices are crashing, and that motivates people to search for Bitcoin, most likely to know why it happens.

Searches for 'Bitcoin dead' are shooting up: https://trends.google.com/trends/explore?q=Bitcoin%20dead
Searches for 'Is Bitcoin dead' are going through the roof: https://trends.google.com/trends/explore?q=Is%20bitcoin%20dead

It's not the type of attention you're looking for, but at least it gets people look at how the situation here is. It might even tempt them to buy at current levels, even if it's just a small group who actually do so.

Same here. I always average my way into the market, which means that I prefer a slower form of growth, or a bear market pressing the prices down for as long as possible.

I was accumulating in 2016/2017 till the price went up so hard, that I couldn't catch up anymore. I had a plan that factored in a 50% price increase all the way till the end of 2017, but the market had other plans.

I had to stop buying because the market looked like it was bubbling up, which it actually was turns out later. Seriously, I was disappointed seeing the price go up, and happy to see it go down now. I can buy again.

Italy is a ticking time bomb most people don't seem to pay attention to. I am legit worried about what would happen if Italy triggers Deutsche Bank to fall with it because of their exposure.

Deutsche Bank is one push away from imploding, and if you read today's news about how Deutsche Bank's offices got raided, things aren't looking good at all. It's either Italy triggering Deutsche Bank or vice versa.

I'm thankful for the recent Bitcoin price correction so I can get rid of my devalued Euros and buy an asset that will allow me to hedge the aforementioned risks. The lower the price the better for me.

It's not really helpful if someone looking for answers doesn't provide much info to begin with. It's not only a waste of time on OPs side, but also for people here because they have to guess what's wrong here.

As far as another option why he can't move his coins, it could very well be that OP is trying to send funds to a bench32 (bc1) address which blockchain.com doesn't recognize. Another reason to ditch blockchain.

If you look at the user related statistics of centralized exchanges, and compare them with how many addresses are being used, it's clear that most of the users don't step outside their centralized circle.

I know people myself who haven't ever installed a client other than what the exchange offered, and they seem pretty content with it despite me explaining how it's better to take care of your own private keys.

It all comes down to how people don't want to be responsible for their own money, especially with crypto where one mistake means that their coins are lost for ever. It will take time for people to change.

People trust banks with their money, so the step towards trusting banks with their cryptos is small.

Predictions, regardless of what they are based on--call them educated guesses, are still either right or wrong. In this case his $10k call was a lucky shot. I'm not referring to his investment paying off the way it did.

Bitcoin has always had the bias to go up throughout the years, and it will keep doing so. The only thing you can't time or predict is what the price will be in the next couple of years, and that's exactly what I was referring to.

I like ICOs with how easy it is for someone to raise capital without having governments with their regulations function as an obstacle. I think that's quite a significant form of innovation not yet seen in the world.

Of course, it also allows scammers and other ill minded individuals to exploit the freedom they enjoy here, but it's always your own responsibility to research what you invest in.

Every ICO is basically an idea, which means that your investment can be seen as a gamble. It either succeeds and you win, or it fails and you lose. Also, when things look too good to be true, they mostly are.

Research and common sense is what matters here.

It's largely a hype driven market we're in, so more stablecoins is what we can expect and we got it. I'm sure there is a load more to come because every service will look to have its own coin.

The main innovation is the interoperability between exchanges in terms of 'fiat' transfers, and also making things easier for arbitrage traders. I'm not touching any myself, but the need for something like this is there.

Let's hope USDC will increase its market share in the coming years and dethrone USDT once and for all. The sooner we do that, the less impact an implosion of USDT will have on this industry.

Patience isn't something most people have when they don't care about the underlying technology. People came here to fill up their pockets before the end of this year, failed, and now slowly exit with a whole lot less money.

Patience comes when you understand what you are here for, which is to see Bitcoin become what we all want it to become. It takes time. It will take decades. Gambling can be done in casinos, that's why they exist.

Average joes only buy that what's going up. They don't want to touch crypto even with a stick right now. I'm not enjoying putting it down like that, but it's the reality. Let's hope they at least learn from what's happening right now.

Bitcoin and manipulation have been tied to each other since the very beginning of when it became a tradable asset. In some cases it's rather obvious and in some cases not.

I am of believe that we have been pushed down artificially in the last couple of weeks, but in the end, the panic sellers are responsible for tanking the market to where we are right now. There are always two sides to a story.

I really hope that people for once stop paying attention idiots such as Tom Lee. I'm sure he has the best intentions, but it's not working out, and it affects people because they hope for something that won't come.

It's not a matter of them taking their time for this, but they simply haven't had the regulatory approval they needed to actually launch next month. They might not even have it in January.

Them trying to work out things is just an excuse so that it seems like everything is all fine, while as I said before, no prior preparation is enough if there isn't the regulatory approval you need to actually launch.

The CFTC has been kind to Bitcoin with their CBOE and CME approvals, but they saw what happened afterwards. For us Bitcoiners it's a simple correction after a bull run, for non Bitcoiners it's manipulation.

It's easy for us to point at who's right because there are only a few of them, and they all pop up in the media to make sure you know that they were right. It's nothing more than a lucky shot.

Fiat is here to stay, and it has much higher odds of staying where it is than Bitcoin and any other crypto asset. It's only a matter of time before fiat gets tokenized and people enjoy free and instant payments everywhere.

To some degree it is here already. Several banks in my country have launched side services where you have something very similar to PayPal running, but without the fees and charge backs. It's centralized, but who cares?

As long as something works better than crypto does, the average joes will use it. No one needs decentralization for every single payment. No one needs a blockchain for every single payment.