I wouldn't recommend anyone to keep trying that exchange, because they are known to randomly trap people in. Too bad people are more or less forced to use these exchanges due to Shapeshift's policy change.

The only alternative for people avoiding KYC/AML policies is to use unregulated services from which they don't know how long they will continue to operate. I don't think authorities will endlessly allow them to freely operate.

Authorities lack manpower, and once they consider it's worthy enough to upgrade and go after exchanges as Yobit and HitBTC, you can be sure that people will end up losing their funds in the worst case scenario.

LN is the most important development that will complement Bitcoin in order to have it function as a currency, which as time goes by, becomes more expensive on-chain as the reward dependence on fees picks up pace.

Who are the users that are going to pay for the lack of block rewards? It won't be the mass, because they won't be bothering with Bitcoin anymore if there isn't anything else to use, which is why LN is so important.

People right now 'don't mind' spending $10-$20 on fees because there is a speculative incentive that makes it worthwhile to cough up these fees. What incentive is there when there is no severe volatility and upwards potential left anymore?

It seems that some people don't think there are actual sellers around current levels because of how it is believed to be "very low". In that sense, the dumps have to be related to manipulation, because what 'normal' person sells right now? 

The reality is that there are enough longer term hodlers out here with sub $1000 coins looking at $6000 as a pretty decent exit point in case they need the funds. It's a free market in the end, so people can do whatever they want.

If the crypto market is indeed ruled by manipulation as people believe it is, can we still call it manipulation if most participants apply the same type of trading strategies? It evens out the playing field in my book.

Scale as in scaling.

Bitcoin has to be able to process use on-chain in a much better way in order to prevent network congestion. SegWit isn't cutting it, and won't be able to gain much more adoption with nearly half of the ecosystem not upgrading.

I don't think we should expect SegWit to ever top 60% support, and from where we are today, SegWit usage is falling down back to 35% which isn't that much of a positive indicator to be honest.

Bitcoin won't be able to cope with another bull run without falling short. It may not be as bad as it was last year, but $10-$20 fees are not eliminated for good, that's the whole point. In other words, it all comes down to LN.

Less liquidity isn't an issue for smaller traders. It's just not what whales are after. Another benefit of smaller exchanges is that their support is pretty darn responsive, which is another major reason to use a smaller scale service.

That's exactly why I am no longer using an exchange, but strictly stick with local exchanging services. They offer less convenience, but also way less risk exposure, and I don't have to wait weeks to get my tickets sorted out.

This isn't the same as what happened last year, and people are already used to having Japan on board. The thing with regulations is that they eventually will bind this market in a web of laws that don't contribute to freedom.

The further we are in progress, the more freedom people lose, and this isn't only related to Asia, but it's happening pretty much in every possible country. That's why I am happy to see local crypto economies emerge.

The more governments push towards regulations, the more inclined people are to shift away from that. If enough people and businesses follow their own path, the better it is, because we don't need to wait for governmental approval.

Telegram is full of paid shills trying to make themselves worth the money services pay them. I would stick to the reputable ones because that's the best way to avoid getting sucked into a scam.

I'm not saying the site that has been recommended to you is a scam, but your funds are on the line, so better be cautious. If you're really interested in CFD trading, use Robinhood or eToro, both reputable and reliable platforms.

If you think you're ready to go one step ahead and you have coins already, you could choose to go with BitMEX, but ONLY if you are familiar with leverage trading. If not, then stick to the aforementioned platforms.

I'm content with the current roadmap although I do feel that it is a bit too conservative, especially in terms of the current block space limit. I would have preferred to see it be bumped to allow more transactions to be processed.

SegWit is good and all, but it is nothing more than a buy-time solution in the run-up to the lightning network. Even with the lightning network running in full glory, we still need larger blocks, more so than what SegWit provides.

SegWit is close to it's maximum support with how the big block camp isn't willing to cooperate with the other part of the ecosystem. They have an incentive to keep blocking it, and I don't see them give up on that any time soon.

I remember how that was the time people were pointing at to be an accumulation opportunity, and similarly, I have been pointing out for a while now that current stability offers an amazing accumulation opportunity.

I do believe that there is still downwards potential in the short term, but that is nothing to be afraid of. In my book a lower price means more coins for the same amount of fiat, and that's something I won't ever say no to.

The thing with most people is that they really need the price to increase in order to finally start buying, because that's the only way for them to know if the market is doing good or bad. Down is bad, up is good. It's that simple.

Don't set yourself such targets, because it will only work against you. By the time the price breaks through the $10,000 mark again, you can be sure that it will keep going up far beyond what you think is possible.

My target last year was to keep accumulating as long as the price was hovering below the $2000 mark, and it didn't take long before I realized how much of a fool I made out of myself. I won't make the same mistake again.

Continue to dollar cost average your entry points and you'll be fine, that's my advice to everyone here. Even if you bought last year's peak, if you buy at current levels you effectively lower your average buying price with at least 50%.

Instead of waiting for the price to reach $20,000 to break even, you'll break even around $10,000 or even lower.

At least, OP is trying. In this market we don't have anything to look into other than what happened in the past during similar cycles, and while I agree that they don't offer any guarantees, there are some useful aspects to it.

Most of the newbies don't come further than the price will either go up or down (mostly up). Many even think this is the first time that Bitcoin is going through a correction like this and for that reason it's going to implode.

Everything better than the ignorant $50k before the end of the year newbies. They still don't know what the heck is going on, and probably never will. They would learn a lot by opening charts to look at historical cycles.......

Of course not. It's too easy to blame hackers for theft with how ignorant most authorities are when it comes to proper blockchain analysis. It may sound harsh, but this is the risk that comes with using exchanges like this.

Collateral damage it is called.

Correct. People here tend to forget that most of the operators running these smaller exchanges aren't used to deal with so much easy to access value. It results in situations where they get tempted to run off with user funds.

They have no clue about how they can make more money in the long term by running their exchange in a fair manner. All they care about is that they want a lot money as fast as possible. It's retarded.

Tim Draper has always been a likable character, and I'm glad he doesn't burn himself on short term predictions like other perma bulls tend to do, which by now has done more harm than good for their reputation.

The better question is whether or not Bitcoin can scale enough to represent such valuations. Bitcoin last year by far wasn't worth $20,000 even though the price said otherwise, and we know what happened afterwards.

People who've been introduced to Bitcoin have a bad taste in their mouth, not only because of how many of them are burned, but the user experience was horrible, which might even be the worst part.

I'm waiting for the day that one of the current financial institutions will compete with Ripple in offering blockchain and database solutions. It boggles my mind that Ripple has managed to gain this much ground.

How much effort is there needed to just fork them and do the exact same thing? It's common within crypto itself, but apparently a whole lot harder to do outside the crypto world.....

Overall, it doesn't surprise me at all that more players are digging into the blockchain industry, especially when you take into consideration that the hype around blockchain technology is still going strong despite crypto being a bad performer.

Bitcoin is a great alternative payment solution online, but nothing more than that. It honestly doesn't make much sense to use crypto for payments locally where we are today.

If you have to pay attention to network congestion, worry about fees, worry about the exchange rates, it's already not viable in local situations. What if on the way to your supermarket the price tanks 10%?

You either have to add more coins to conduct the same purchase, or you have to use fiat, which is the more likely outcome. It's definitely too early on to consider crypto a serious fiat competitor.

I wouldn't be so sure of that. Yes, SegWit makes spamming more expensive overall, but it's not that the dirty tricks the big block camp will come up with won't be having a significant impact anymore.

Last year Bitmain's pools have frequently been mining empty blocks just to troll Bitcoin, and by doing that they knowingly said goodbye to $50-$100k in fees alone! Does that sound like they care much about money?

Another thing is that the fees they spend on sustaining spam attacks largely flow back into their pockets, so what's there to lose? They don't mind spending money on marketing Bcash at cost of Bitcoin.

Not offering direct fiat payment options is such a red flag, that it isn't even worth considering. Every seller of gear would do everything to attract new investors, and these mostly only have fiat to settle their transactions with.

The cash on delivery payment is a smoke screen to make their site seem a little bit more trustworthy, while they in reality know that no one would ever use that option anyway.

Another thing is that if they turn out to be actually selling gear, it could very well be stolen. In the last 12 months there have been large thefts of mining gear which they might try to liquidate through this site.

Just no.

The louder people trying to tell you that it is a great time to buy, the lower my overall confidence in the short term market is. You have to accept that being overly bullish isn't going to help any of us.

The mass (doesn't matter in what market) is always the perfect counter indicator, and we have seen that prove itself time on time again. The only thing you can do is accumulate on the way down by dollar cost averaging.

Crypto related YouTubers have been repeating why it's such a great time to buy, and I started to notice that their audience is close to done with their overly bullish sentiment in their videos.

Tether has withdrawn around 800 million USDT in the last couple of months. Regardless of them being actually backed by an equal amount of fiat or not, money has left the market and that is NOT an indicator of growth.

You are referring to on-chain transactions, right? Because people aren't actually spending their coins, they just move them back and forth mostly for speculative purposes only during pumps and dumps.

Bitcoin needs to scale properly in order to stimulate actual use as currency, which isn't the case right now. I'm actually a bit disappointed with how we haven't managed to scale more than we already have with SegWit.

It's however not Bitcoin that's to be blamed here, but the toxic entities representing the big block camp. They can't stand Bitcoin to be cheap, because that directly lowers the utility value of Bcash.

What else than low fees can Bcash market itself with?

I'm actually not aware of how well willing people are to discuss things related to crypto with family members, especially when it comes to investments that resulted in severe losses.

Sure, some are very open to talk about what they have and what they made in profits, but most people that I know always say that they either aren't interested in crypto (while they in reality are), or they bought high sold low.

Most people are rightfully afraid of ill minded individuals and for that reason prefer to not talk about it at all. It might not directly look like it, but crypto holders are walking targets with how it exploded in popularity.