I remember that Hitman Pro once flagged Bitcoin Core as unsafe because it contained a trojan virus according to the report, but it was a false positive. Not sure why they keep flagging crypto related clients falsely, but it's nothing to worry about. https://www.virustotal.com/ is a handy site allowing you to see how a wide variety of anti virus software brands react to whatever you try to screen. Some will flag it falsely, but most will not react at all. When it comes to trading I have never been a fan of using whatever software based client since I am too paranoid about potential flaws and whatnot. It's always much safer to access the site itself. The less you have to install the better.
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Whales are everywhere in every market. Maybe we'd do the same if we were a whale ourselves.
If people talk about whales, they instantly think of manipulation. People don't understand that whales mostly aren't actually looking to manipulate the market by causing big movements in the price. If you have way more funds on both sides of the order book, and that in a market lacking depth, which applies to crypto, a simple buy or sell order will likely cause a 5-10% movement. People need to let go of their whales are manipulators way of thinking. If people are able to catch a pump, whales are the best entities in the world, but when they are on the wrong side, whales suddenly are called manipulators.
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What a mouthful has a rightful heir to their shitcoins kingdom not been declared yet? SV still has value or is it done yet? I'm over it.
SV will follow the same path as BTG, which initially got pumped for a good couple of weeks, but later tanked to way lover levels. I put SV on the same level as BTG, because both suck and lack adoption. BTG currently hovers around $18 per coin, and I expect SV to be worth close to that, maybe higher initially due to how much more hashrate it has and the buy support, but within a year it should be there. 0 utility coin it is. I see it as yet another shitcoin making sure less liquidity remains in honest projects with a great idea behind them. Aside from a few coins, the whole crypto space is quite a disappointment. No innovation. Even if there is potential for innovation, it can't survive because the capital here rather backs scam projects.....
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I hope the prices will recover soon or else the bad reputation will start circulating for the bitcoin which can kills the upcoming investors on it.
Investor are way more likely to enter at current levels than at what we have been hovering around for the last couple of months. The risk below $4000 is much easier to manage and the profit potential is much higher as well. Anyone not buying into the market at current levels is wasting time. You don't have to invest large amounts yet, but at least buy something. If the price goes up, you don't have to panic buy at higher levels. I'm a couple of days away from my paycheck to post, and instead of putting 25% of it in my savings account what I usually do, I'll invest it straight into Bitcoin. Fiat doesn't yield anything with a poor 0.05% annual interest rate.
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This would mean that one entire unpleasant year for the markets is still ahead of us. On another hand this would also mean that the next ATH should be over 300k. Hmmm...
How is more accumulation time unpleasant? I'm confident that the next ATH will piss on the $20,000 mark, but where it ends up peaking remains to be seen. In other words, buy as many coins as possible. I hope that the next correction won't turn out to be similar to the previous post bull run corrections, because that would indicate that the market is still as immature as it has always been. Not something to look forward to. These corrections aren't useful to anyone but those who know when to sell and buy back. Maybe that institutions providing liquidity will do the market well overall, because that's basically what it comes down to, liquidity.
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It all depends on the dip, and your time horizon. Any dip below $10,000 in my opinion is worth buying, the most important aspect however is the amount you allocate to each dip.
Dips between $8000-$10,000 are low priority, so the amounts I use in this case are low. Dips below $6000 are priority dips, which means that I use significantly higher amounts than with the aforementioned levels.
Anything below $4000 is an instant buy in my book. I continue to average my way in as much as I can. If the price drops further, I'll buy more. I have enough patience to wait for a recovery.
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I don't think it's a good thing to do for beginners, but it could turn out to be worthwhile if you have been here for a while and know how things more or less work. I was too hesitant to actually try it initially, and here we are.....
During bear markets it pays off to short 10-15% of your portfolio with a mild to semi aggressive leverage count. It should be able to preserve as much of your portfolio value in fiat as possible on the way down.
Whenever you think the bottom is in, liquidate your position and enjoy seeing the value go up again as the price starts to recover again. It's somewhat too late right now, but could work out during the next bear market.
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After the BCH hash war is over, he will attack bitcoin.
It's disappointing actually, we haven't seen much of a hash war at all. These suckers contacted nearly every miner, even Roger, hoping to rent mining gear to make themselves look like they are capable of messing things up. In total, and it's probably way more than what they really have, they account for 2EH. Most of this hashrate belongs to Calvin Ayre, and he will eventually run into problems with Craig Wright, and it will result in another fork. It's just a matter of time before Calvin either forks off, or points his hashrate to BTC or BCH. Craig Wright as silly as he is with his fellow nChain losers will be left alone for ever. nChain itself might fork as well.
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So, the question is, if all blockchains were suddenly to become scalable, would this solve the lack of user activity? I don't think so, there are tons of other problems, and most importantly, general population is just uninterested in blockchain.
I don't think it's that people aren't really interested in the blockchain, because they are and think it will be huge which makes them invest in this space, but there is no actual use to back it up. In most countries people don't need crypto currencies because their regular system does its job well enough. We may think the regular system sucks, but if the average joes don't see it as such, they won't come over. In order for people to start using crypto, the regular system needs to mess up so hard, that they have no other option than to adopt crypto currencies. Bitcoin's white paper popped up during the credit crisis with a reason.
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I see a lot of people supporting the 3k area, and I have a feeling that 3k will eventually break and we will see a short flash crash (true capitulation). No idea where that ultimate bottom will be though.
People are generally wrong when it comes to crypto. If enough of them believe something will happen, it likely won't, and let $3000 be exactly what people aim for. It will either drop well below that mark, or bottom out well above it. The latter is somewhat of a fact with how the price briefly dipped under $3500 today, and it's now waiting for support around $4000 to hold firm. Without a whale unloading thousands of coins at once it's doable. It requires one spark to get people to fomo in, and when they start to believe the bottom is in, believe me, they will fomo in. I can't say how sustainable that growth will be, but at least it's a major contributor to a more positive sentiment. People, regardless of how much risk they exposed themselves to, are going through a horrible time right now. I hope it will end soon.
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I am losing a lot of money that I was supposed to be earning and saving... It's really hard for me to sit and do nothing, hoping that the price will get better. I am still holding, but I am not sure how long I'll be able to put up with it.
If your main purpose was to save up, how exactly are you losing money? Virtual gains or losses aren't fact until you sell your coins. It's a psychological battle people are facing rather than something that actually hits them. People save up fiat for years without touching a penny, and suddenly it's a problem that the price experiences a short term dip? Try to distance yourself from fiat and think in BTC. 1BTC is still 1BTC. Stay strong and hodl through this harsh end phase of the bear market. If you don't need any money in the coming months, don't sell anything. Don't let greedy whales shake you out that easily--build up solidity as hodler.
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Bitcoiners are very similar to all these legacy investors and banksters, except for the fact that the latter group trash talk the entire crypto ecosystem, while Bitcoiners trash talk everything that isn't Bitcoin.
It's all about interests. Most Bitcoiners don't care about anything other than Bitcoin, so everything else by default is a shitcoin. That's exactly how these legacy gangsters think about crypto as a whole. Let them bark as much as they want.
I doubt they even care much. If they aren't being asked for their opinion on crypto, they probably will keep their mouth shut. If you are almost forced to say something about crypto, it's likely going to be trash talk. What else can we expect?
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I'm sure I read a couple of articles very recently debunking this China news, but I'm not sure if anyone here still gives a shizzle about China. We're way better off without their casino mentality.
I appreciate the attempt to cheer people up, but the selling isn't coming from the people here. Most of the forum lurkers know that there is no point in selling anymore unless there is an urgent need of funds to cover bills.
Last year on the way up bad news couldn't influence the price, neither does it so right now with positive news on the way down. Let's hope we'll see $3000 soon and have it become a bottom.
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But I believe we are not near that stage yet. The whale-cumulators might want the same level of hopelessness as the great depression to take place in Bitcoin.
If enough people believe that we're not even close to that stage, they'll dump as soon as they can, which is happening right now, and we'll see a sweet green candle pretty soon. It's quite unusual to see one straight fall going on for this long without at least one solid bounce back up. I'll step out of my comfort zone and try to make one large purchase very near the $3000 mark. Grab your chance. I'm usually dollar cost averaging my entry points, but some times you have to let go of your conservative nature and take that extra risk. Bitcoin right now isn't any different from what it was at $6,000.
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Crypto currencies, even Bitcoin, can go way lower than anyone here can even imagine. What's the underlying value of Bitcoin for people who are currently selling it, and for those who plan to sell soon? It has none.
It was nothing more than a bet for them. Some won, more lost, and a large percentage of those who lost did so in a very ugly manner. This is a horrible side of crypto, because it doesn't signal it is user friendly, nor is it ready for use.
Dollar cost averaging your entry points is the only way to handle a market that doesn't allow itself to be timed. The lower the price is, the larger the amounts should be when buying into the market at this point.
Nothing goes up for ever and nothing goes down for ever--eventually your patience will pay off.
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It's clear that you aren't in with your own money gentlemand. It's easy to talk like that without much or anything to lose, because you would rock a different tone if your money was on the line.
Blaming ETH is basic "I don't know what else to blame" nonsense more Bitcoiners struggle with, an attitude working against you rather than for you. If you by now still consider ETH a shitcoin, something is wrong with you.
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I think we can find a bottom in the $3000 to $5000 range.
Ether, a double digit shitcoin.
- Arthur Hayes.
He was laughed at when he said it, but now people realize that he wasn't shit talking, but actually knew that it was going to happen. Who's laughing now? He must have shorted all the way through.
It's going to be interesting to see what he comes up with while the price is falling down close to his lowest bottom figure, especially with how he didn't share one single thought about the current market sentiment.
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right now I don't believe bitcoin is at all hyped. if anything it may even be under hyped. but I am still not making any decisions for entrance because the market seems to me to be extremely manipulated and that makes it unpredictable and at times like this I would wait until the manipulation is over before making an entrance.
I would even like to say that the sentiment is stacking up against Bitcoin with how people start to blame it for altcoins losing value in the process. I remember the same anti Bitcoin sentiment back in 2015 when it was bottoming. It's pretty interesting how people continue to say that historical events don't mean the same will happen in the future, which is partly right, but with how similar the cycles are in crypto, events do rhyme to a greater extent. People got so comfortable with the $6000 mark this year, that they really believed it was an unbreakable base support level, especially with how the media kept hyping up how $6000 is what miners pay to generate a whole Bitcoin. Even if that was true, that still doesn't mean traders, old hands and bag holders won't be dumping the market down at a later point.
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If you wanna survive in this bearish market while you're not a good trader so become a holder is the best option. You just need to be a holder until the bull run happen then you can come back as a trader People are "hodlers" as long as the price goes up, or when they strongly believe it will. What non Bitcoin enthusiast is there that's going to hodl during a market people think is near its end? We're very close to a point at which most of these fly by investors are unloading their holdings, and it may have been done already. At worst, a sub $4000 tease will be enough to shake off the most persistent ones. If you aren't here for the tech, you won't bother hodling till the next bull run, it's that simple. Let people do whatever they feel is right. Selling off holdings isn't smart, but it will end people's suffering.
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There is no need for a huge list of reasons. First of all price dropped because there was a hash war going on in bitcoin cash hard fork times and during those times both sides sold their bitcoins and bitcoin cash in order to fuel the fight and become the winner of the war.
It's easy to think like that, but how do you know that's actually the case? I think the dump was more related to the overpriced market at $6000 levels, and the steep reduction in Bitcoin's difficulty. Lower difficulty means more coin inflation. More coin inflation during an overvalued market is almost a guarantee that prices will go down. Traders saw it coming in and might have liquidated some of their holdings. We have seen 2 billion in volume type of low amounts which is really low considering only couple months ago someone bought 500 million dollar worth of bitcoin with tether and the price only went up a slight bit.
Who is that someone? I can't recall anything like that and I very much doubt that anyone used or owned 500 million USDT to buy Bitcoin with. Most of the circulating USDT is well distributed amongst dozens of exchanges. I do remember having seen 11k BTC buy walls on Bitfinex around $7700 this year, but that's very likely Bitfinex itself spoofing its order book. No one in his right mind would ever have that much value on such an exchange.
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