How is this a sin market?

Firstly, people love pumps and dumps, but they don't like manipulation. It's contradicting in every possible way, especially with how it once again points out that people are hypocrites.

They think it's fine as long as it allows them to make money, but bad if it causes them to lose money. The world doesn't work that way. People need to suck it up and grow a thicker skin. What else is there to do?

Secondly, big money in a market severely lacking liquidity always causes significant price movements. It impossible to cash out or buy millions worth of coins at once without the price moving 5-10%.

You could say why don't they slowly buy or sell, but that comes at the risk of other large players either selling or buying. In other words, deep pockets have to act quick in order to do what they think is necessary.

That's something I haven't thought about myself, but it could end up being a smart marketing gimmick to get people to deposit funds on Binance. It reminds me of the transaction fee mining nonsense that's gaining popularity.

People rush to a bunch of rubbish exchanges to deposit crypto to start wash trading and generate a rubbish exchange token. Centralized exchanges won't ever do something without it being beneficial to their main exchange.

I'm not at all convinced of any decentralized exchange to do well in the coming years, not even this one. People want convenience and instant settling trades, and not trades depending on confirmations and whatnot.

It might not look like it, but there are tons of people with faith and confidence in a certain coin, just like how Bitcoin maximalists blindly follow Bitcoin and call everything else shit and not worthy of being here.

The general mindset is that coins will keep increasing as long as Bitcoin does, and that may be so in the very short term, but not in the long term. It clearly points out that the market isn't as bad as we think it is.

Eventually the coins not adding anything of value to this market will implode, and I'm sure Litecoin is one of them. Once LN is doing what it should be doing, altcoins will suddenly lose most of their shine.

May I ask where you come from? As a western spoiled brat I get surprised time on time again reading about how superior ATMs and vending machines outside my own little world are.

People might think western countries are ahead in terms of technology and everything, but I'm more and more convinced that this isn't the case at all. We're lazy and think that everything we have right now is good enough to last.

The real advancements seem happen in countries with less economical power with how people themselves and businesses are forced to innovate in an attempt to better their situation and living standards.

Litecoin is the real stability monster in town.

Litecoin's current price is nearly the same as its ~$50 all time high back in 2013, which is mind blowing if you think about it. It might not have lost value directly, but the value loss of the USD makes it less worth than it was in 2013.

That's why people shouldn't put their money into coins not serving a direct purpose. Charlie Lee did well to get rid of his coins at peak levels. He's realistic enough to know that there is no real growth to realize anymore.

It will be interesting to see what Vitalik will be doing with his coins. It might very well be that he already started the dumping process, especially with how he seems to have lost the sharpness that made him Mr Ethereum.

Most people don't trust themselves to take care of fund storage. In their world it's much saver to have a bank take care of their funds than themselves, and they technically aren't even wrong in that regard.

If you only have a few thousand dollars in savings you can hide it somewhere yourself, but what if you have like $250k or more? No one in his right mind would want such a large amount of money to be sitting at home.

Bitcoin is a great way to hedge a part of your net worth, but you can't go all in for obvious reasons, so there you have the bank pop up again. We depend on them more than most people think they do.

We never needed an ETF to rally, and we certainly don't need one right now. All we need is patience to let the market bottom out properly, because I'm not sure if it already has with how people keep holding tight.

It may very well be that we in the coming months will face another shakeout, all to get rid of those still believing in a bull run this year, and those virtually under water who are on the brink of selling their coins to cut losses.

Let's be honest here. Most people have done their buying already, and the rookies who bought around the peak last year still hold their coins in the hope that we'll see a recovery. In other words, the market is full of potential sellers.

Purely based on the multipliers from previous all time highs to the new ones, I think it's safe to say that it will easily break $100k, the only thing I'm not sure on is when the next bull run peaks. I'm not seeing it start any time soon.

The most interesting aspect will be the correction that follows afterwards, especially with how we'll be seeing a whole lot more adoption from large legacy entities in the next couple of years.

Usually we're correcting with 75% on average, and it would be quite a bummer if it does again. In that case it will indicate that the market hasn't actually matured at all, which after more than a decade is a poor performance.

Are you talking out of your ass? Governments can't do anything to regulate decentralized exchanges, and for that reason will refrain from doing so. Instead, they prohibit other aspects of crypto uses.

People for once need to stop thinking that the government has to regulate everything in order to be useful or legal. The government doesn't care about you, so why should you care about them?

Them regulating markets means less overall freedom for you and me, which is exactly why I like the idea behind decentralized exchanges so much. We no longer have to wait for the approval of governments.

The most interesting aspect of these discussions is that we westerners think we know everything (because everything we read is true, duhh) while I never see anyone from India or China actually explain the situation.

It may be that it's heavily being discussed in their native language on this forum, but it would be a welcome change for once to have some valuable input on these subjects from people who actually live there.

The situation around India and Russia hasn't changed much in the last couple of years. It's always we're planning to do this or that, but nothing ends up happening. I rather see them do something to back up their claims.

China at least turned words into deeds. It didn't work out in our favor, but they at least came in action.

Before the owner of the farm has moved to another country, the smaller miners connected to its pool (which account for the major share of their network) have switched to another pool already.

At worst you'll see a slight dip in hashpower if the owner of the operation shuts down temporarily, which other miners will welcome at any time. Lower hashpower means lower difficulty if the gap isn't filled up by other miners.

The mining aspect isn't as centralized as people think it is. Overall, there is no such a thing as being completely decentralized network. We just have to make sure it's decentralized enough to avoid potential censorship.

Speak for yourself, will you! 

Novogratz might be a public figure, might also be filthy rich, but he is guessing just as much as we do. I haven't seen any of his predictions actually hold any significance in the last 12 or so months.

He kept guessing wrong till the moment he realized it's better to remain conservative during a market that doesn't want to be moving, something most realistic forum members here figured out months ago already.

We're all depending on what tomorrow brings with how the market can change overnight. Some times I wake up and the market has tanked hard, while the other day I wake up greeted by a green dildo....

I have done so through various clients, but there honestly isn't much that can go wrong here. You basically tell the third party node to open a funded channel to another node, and that's it.

All the payments moving back and forth are smooth. The real problem is payment routing, and that's where most transactions of mine don't go through. Maybe I should try with my own node one at a later point.

Considering that I transact with the same parties over and over again, my open channels directly to them work as they should be working. I can't say I'm using it on a daily basis, but at least once or twice a week.

I mostly use the mobile client called Bitcoin Lightning Wallet from anton kumaigorodski that can be found in the Android store.

I completely forgot about Coingate's recent announcement that they enabled their merchants (over 4000) to accept payments over the lightning network, thanks for pointing out.

I don't know exactly how well distributed their banking side is to pay merchants in fiat (BitPay and Coinbase are market leaders), but it shouldn't be a problem at all for Steam to give Coingate a try in case it's all well set up.

Their main concerns were fees and volatility. Fees is understandable, but the volatility is straight nonsense. Bitcoin has never been really stable, and they didn't think it was a problem when they started accepting Bitcoin.

Most of the charts look like that during a bear market. The people behind these comparisons are cherry picking just to highlight the similarities they want to see. If you try hard enough, you can find similarities everywhere.

What if an ETF only results in a speculative initial pump, where after that the price tanks back to where it started? It's great to have an ETF approval to dream about, but what if the demand for that product isn't there?

People here only think about the potentially positive outcomes, but they discard the possibility of these products lacking institutional demand. Look at the futures, extremely low volumes after nearly a year of existence.

I'll go for somewhere in 2020, especially because of how markets tend to do the opposite of what people believe will happen. I do think we'll see a positive change when it comes to the sentiment next year, but not more than that.

We really need to look at the market from an unbiased perspective. I know everyone wants to see the price moon rather today than tomorrow, but it's not up us to decide when that happens.

Bull runs start when no one expects it, which heavily contributes to people fomo'ing in at any price. It happened last year as well. Almost no one dared to short the market anymore after it broke through the $10,000 mark.

I'm still waiting for the moment they will add support for actual crypto currencies instead of solely offering CFD products. The same basically applies to the Robinhood platform.

Both services keep gaining popularity despite the trading volumes on exchanges is dropping continuously. BitMEX has been gaining popularity as well, which means that people want the opportunity to go long or short.

Spot trading seems to become less relevant, and I don't think it will change any time soon. It might follow legacy markets where most of the generated volumes come from options, futures, ETFs, and so forth

I honestly don't think it makes sense to disable their Bitcoin payment option. Businesses are out for that extra customer exposure, and with how Bitcoin keeps gaining popularity, they are missing out big time.

What do you think people will do when the price starts to increase again? People not wanting to bother with KYC/AML exchanges will look for ways to spend their coins as alternative.

Don't forget that Bitcoiners love to pay with Bitcoin, regardless of how high the fees are. What happened last year isn't ideal, but it was a one time event if you take into consideration every single factor.

Everything that could go wrong last year went wrong.

It's no longer a matter of being able to afford a hardware wallet since they aren't expensive at all. People not willing to buy a hardware wallet are mostly cheapskates thinking they can take care of storing without buying hardware.

Technically you can do that by using a paper wallet, but that's not safe at all. What if you want to use your coins? You have to import your private key into a client you don't know of if it's safe or not.

Hardware wallets are multifunctional. It's not just a piece of hardware that allows you to safely store your crypto currencies, but it's also one that provides the safest possible way to transact with the outside world.

Paper wallets won't ever be able to provide that. Just think about it, will you rather "lose" $100 that you pay for a hardware wallet, or lose $10,000 worth of crypto due to a hack because you didn't want to get a hardware wallet.

Easy choice.

I think that people are working against themselves more so than governments are working against them. People really need to start looking at things differently and for once accept that fiat serves an actual purpose.

Fiat can scale to become money for the entire world, while crypto can't and never should be attempting to do so. Let people conduct the majority of their transactions with fiat and leave the more important ones for crypto.

The less crap we throw into the blockchain, the longer Bitcoin can continue to be operated in a more or less decentralized manner. That's why Bcash will find out later that on-chain scaling is the wrong path to follow.