Yes, Starbucks and other big shops are accepting bitcoin but it is not straight bitcoin. It is through a third party app named SpedN built by startup Flexa. I do not think there is a common enterprise that is accepting bitcoin right now.

If ever it reaches 10K and above again, it will be because of fundamentals and adoption and a lot of FOMO and price manipulation. It will be the same cycle until bitcoin grows large enough that whales will not be able to manipulate it. It will be years more before it happens.

So many post about sports, I wonder if Stake will have sports betting on their site soon. This a good addition to the games we currently have.

Any bitcoin-based business flourishing is a good thing for bitcoin. Bitcoin will not flourish long term if there is no business using it. So if the business is promoting bitcoin, even just for their own good, that is still a good thing for bitcoin.

Decentralized exchange and products put the control to the user. A centralized exchange is controlled by the owners. Once you put your money in there, you already lost control over it and became under the mercy of the owners. Unfortunately, dex is not that popular and more people trust centralized exchange.

I would love to see this implemented in our country but I think there are some constraints that will allow the use of blockchain for elections. Like there should be secrecy on a person's vote. If we use blockchain, everything can be seen in the blockchain. Then there are concerns for tx fees and confirmation time because there will be influx on transactions on the day of the election.

If a bank run happens in bitcoin, there is no controlling it. Every bitcoin owner has their rights to convert their bitcoin into any currency they want. So if there is a wide consensus to dump bitcoin, the price will suffer greatly. That is what is great and worse about bitcoin. Unlike in banks, if there is a bank run, the banks can simply restrict depositors from withdrawing their money. The depositors will suffer and the bank can direct the money elsewhere and declare bankrupt. Insurance will take care of the depositors up to a certain amount.

I do not think there is something Justin Sun can say that can change the stance of Warren Buffet on bitcoin, Tron or cryptocurrency in general. So this event will have no bearing or effect on bitcoin and cryptocurrency. Time will pass and this event will totally be forgotten.

I will not make any investment advice to anyone, newbie or not. I may present the current movement of bitcoin but I will not direct anyone to purchase anything. It should be their own initiative to make the purchase for investment purpose so they will have no one to blame if their investment failed.

The price keeps falling this week. I tend to believe that this price fall is due to price manipulation because the fall is so sudden. But even if it is manipulation, it has a drastic effect. It seems that the dump has stopped the steam of the bulls. But hopefully, this dump does not initiate a bear trend.

This is not just speculative, this is wishful thinking. You cannot possibly say something that does not have any basis. There is no guarantee that this year will remain bullish. And stop promoting cryptocurrency as a quick rich scheme.

For convenience, third party service is good but for me, it quite defeats the purpose of blockchain and bitcoin. Blockchain is created to avoid the third party in making transactions. The third party service providers are like the banks which we are trying to avoid by using bitcoin.

I think it is all just about the money. They are not concern about the technology of bitcoin but only about the profit that they can make through it. They are accumulating right now in anticipation of the 2020 halving and its effects.

Most of the comments, I can relate but this one really hits me :


I learned this lesson in a really hard way. This happened during the 2017 pump, now I am wiser.

Always take every failure a lesson and a stepping stone. Crypto is still very young, there are still too many to learn and too much to earn.

Blockchain removes the middle man in a transaction which can be very costly and unreliable. It cannot be hacked so information stored through blockchain is very safe albeit it is in a public ledger. It can be used in a lot of industries which is why it is dubbed as the future.

With cryptocurrency, you can only go so far with TA. I would like to believe that bitcoin has grown so much that whales will have a hard time manipulating it, but it is not true. Whales still manipulate bitcoin, and TA cannot help you if whales started moving. You have to be alert and ready if you see some whales started to make waves.

If you are the real Satoshi, you already have 1 Million bitcoin at your disposal, what more profit would you want? Those who claim to be Satoshi just wants limelight and fame, which in my opinion contradicts how Satoshi would be.

It can be but as investment advisors always say, past performance does not guarantee future performance. So bitcoin can have a good performance for the past 5 years on the month of June, but it may not be true this year.

Your computation is based on bitcoin price has a direct correlation with USD but in fact, we are just using fiat to measure bitcoin value because it is somehow the standard measurement of value. It is still the demand that dictates the price of bitcoin.
If your statement is speculative, then it may happen one day but not because of your calculation. But because bitcoin has reached that price because of the demand.

They are not whales for nothing. Either they were really rich and bought a lot of bitcoin before or they trusted this system well ahead of us when it was still pennies. Can we blame them if they make a move to make a profit now? No, we can't.

What we can do is anticipate their move (if we can) or react positively if they dump. We can still make profits on trades even if they dump the price if we play it right.