It's impossible to know. It could steer this market to record highs, or have it suffer with it, but one thing is sure, continue to buy whenever you can now the prices look reasonably fair. Regardless of the economical circumstances we'll be going through, Bitcoin itself will only become stronger.

The coming few years will be Bitcoin's best years in terms of technological progress. We have some killer upgrades waiting to be released and Lightning continues to grow as well. I'm more bullish on Bitcoin than ever before. Eventually, the price will move far ahead of the actual utility in form of the next bull run. It's only a matter of time.

The only thing you can do is make sure you hold enough coins before it starts. Buy.

I think it's safe to say that Bitmain and Roger did everything they could to artificially peg their shitcoin to 5-10-15-20% of Bitcoin's value to such degree, that they have burned through most of their Bitcoin holdings in the process. Bitmain's Bitcoin holdings have shown a massive decline when they publicly shared their coin balances.

Not sure when they show their next most recent balance sheet, but it will bring in more clarity in terms of what happened with their Bitcoin holdings. I bet their BCash holdings will be near 1.5 million by now, which is crazy if you think about it. If this continues, they not only own most of the hashrate and nodes, but also the coins in circulation.

Classic centralized piece of shit coin.

I honestly dislike everything about the Asian exchanges because of their nasty roadmaps. They don't give a single fuck about crypto. The only thing they care about is handing over bonuses for pumping X coin today and Y coin tomorrow. Seriously, $20 is worth letting yourself be used as their cash slaves?

The main purpose of these "free money" promotions is that they hope at least a small percentage of the users continue to use that exchange. The worst thing is that those who end up using that exchange more often face the risks of having a foreign non compliant exchange steal your funds. They'll tell you to submit documents and whatnot to unlock your funds, but they'll keep rejecting everything till you give up on your funds and walk away.

No thank you.

In most cases when the prices on exchanges are highly inflated without a good reason, it means there are withdrawal problems. It definitely can't be Tether causing differences in price like what happened recently because both exchanges use USDT "fiat" pairs.

It's yet another Asian exchange generating fake volumes to climb on the CMC ladder, and it seems very effective. They recently got a massive traffic boost, and it seems that they will keep gaining traffic as time goes by. CMC is the nr1 traffic provider for EXX with 14% and Google is nr2 with 6.5%.

https://www.alexa.com/siteinfo/exx.com

CMC is the perfect way to market your exchange. You just need to generate hundreds of millions in fake volumes.

If your primary goal is to get rich quick, you will likely fail to do so.

I honestly haven't seen much reason for anyone to trade currently, especially with how difficult it is to get hold of the short term trends. One day it looks like we're going through very bullish momentum, the other day people worry about prices falling back to the $3000 level. Most people will gain more by NOT trading while the market could just as easily tank below $3000 in a matter of weeks, or even days.

I have been asked what I think about the current market, and I saw the disappointment in their eyes when I told them that I don't know. The only thing that makes sense right now is to dollar cost average, but that's probably too booring and not worth their time. Silly people.

The headline is a bit misleading.


If you read further, it becomes clear that as long as crypto isn't ready to the degree they want it to be ready, and there isn't much that I can blame them for right now.

It's interesting to see that they haven't done anything with XRP yet, while it's by far one of the fastest and easy to scale networks due to its centralized nature. Their point is that there hasn't been much of an advantage, which is quite funny actually. If XRP can't provide what you want it to provide, how on earth will decentralized cryptos do it?

It could be that XRP isn't interesting enough to attract a whole lot of new users and they rather wait for the more decentralized ones with their limitations to speed up a bit.

It has to be pointed out that the information provided by Bitnodes is somewhat flawed since it largely depends on their own set of nodes and configurations.

I don't doubt there has been a slight decline in availability of nodes, because that's what you expect to happen during a bear market, but it's not as bad as they want you to believe.

By the time Lightning will take off and becomes an interesting enough way for people to generate passive income, the number of Bitcoin nodes will literally explode. More competition in this field means more funded channels and lower fees, so that's definitely a good thing. Eventually you'll be a sucker if you don't run a Lightning node.

Sorry, but that's just garbage TA. It's being rehashed everywhere and it seems that it has even reached people here.

Seriously, this whole space is infested with TA "gurus" that no one even knew about before 2017 and now they think can predict the market? When they are wrong with their 'analysis' they just play it off as the market isn't always following TA, and when they are right they boast about their solid prediction and how much profit you could have made if you followed what they said.

Tossing a coin has been equally rewarding as trading based on TA.

Yes. It's called dollar cost averaging. If you don't have a plan on how to approach this market, then sure it's risky. I wonder how many people will actually end up dollar cost averaging, because the general mindset of people is that if something has gone down, they expect it to go down further.

It wasn't all that long ago where people said to buy as many coins as they could the moment the price would dip below $10,000 and gone they are. The same applies to people who said to buy up as many coins as possible would it fall below the yearly support, and they are gone as well. There is no shortage of window shoppers and shit talkers here.

You'll see them pop up when the price has gone up a lot at a later point. They'll open up threads asking whether it's still a good time to buy or not.

I'm not even sure why people expect it to continuously do well? Markets are very similar in nature. If they are unreasonably bought up and fueled by certain stimulating measures from the side of the government, which definitely applies to what's happening in the US, the market will eventually lose steam and correct. In case of the US stock market, it could very well end up being a correction taking many years to bottom out.

Crypto in that regard is a much easier market to work with. Yes, the movements up and down are extreme, but time flies here and that's what makes this market so interesting to invest in from an investor's perspective. The stock market would probably need close to a decade to go from $20,000 to $3000 while we did it in a matter of 11-12 months.

I'm not sure if that's much of a problem still in today's time. In all cases, problems means money making opportunities. I have seen entities who bought tons of KYC/AML restricted ICO shitcoins straight from the source, and they sold them to foreign investors with a premium. Once investors have their tokens they can cash them out a later point either to BTC or ETH on their own exchange.

I like the creativity in this industry. It makes governments and their shitty laws less effective than they hoped them to be.

Seems like a perfect way for market movers to plan opposite moves. In the last couple of months we have definitely seen that the majority anticipating on an increase is definitely not enough to make it happen. It has been extremely rewarding to hedge the sentiment of the mass so far, and I don't see it change to be honest, or at least not any time soon.

In the same way that could very well apply to the $3000 level. I'm sure that many traders before the current bounce were eagerly waiting to open shorts the moment it looked like it would test the $3000 level, but it didn't. I don't know what to expect of the current market, therefore I don't expect anything. I'll enjoy the ride up if it's up, and I'll enjoy the ride down if it's down and add more BTC to my existing holdings.

Supply and demand I guess. They did the right thing at the exact right moment. First mover advantage is a big deal in the crypto space. If you also take into consideration that basically every crypto-tuber starts its video with a brief look at CMC to see what coins are doing, you know that it is being hardcore shilled.

The funniest thing is that every time Bitcoin is about to approach the 55% dominance range, CMC lists a couple of shitcoins to get that dominance to shrink again. 

I like the media attention it has been gaining so far, because that's what average joes need to see. Lightning isn't something that requires years of more work before you can finally use it, which really seems to be the general mindset of people.

Even Roger Ver seems to fit in that category;
https://ethereumworldnews.com/charlie-lee-and-roger-make-a-friendly-bet-about-lightning-network/

Roger lost the bet since Coingate alone allows like 4000 merchants to utilize LN payments.

Bakkt should keep its mouth shut till they have been granted regulatory approval. It makes zero sense to throw around with launch dates when you don't have an approval in the pocket.

Another thing that I noticed is how Bakkt started to refer to crypto currency futures contracts rather than Bitcoin futures contracts, while it is actually Bitcoin they are building their platform around. Coinbase has been doing the same for quite a while now, and we know that they are pushing for a shitcoin agenda.

It's just a matter of time before Bakkt becomes a meme. Well, they did it all to themselves.

If you are solely referring to converting your fork coins to BTC then you can use Binance for that.

If you don't know how to claim your fork coins, you can use the Coinomi mobile wallet client to sweep the private keys and then transfer the coins to Binance. You could technically use the in-app Changelly exchanging service to do convert most of them to BTC in the process, but I don't really find them to be reliable and trustworthy with so many complaints. If you do it through Changelly anyway, accept the risks atteched to it.

I find it more odd that they actually consider cashing out Bitcoin either to your bank account or to another Bitcoin address features, lol. It's a basic necessity.

My main concerns with these sites are;

- People not being able to reach the minimum withdrawal amount.
- If reaching the minimum withdrawal amount becomes too easy, that the main service will up it to $30 or even more, just to make sure a large chunk of the users won't be able to cash out.

The latter option I have seen become an easy form of power abuse on various crypto and non crypto related sites already, and it wouldn't surprise me if lolli (stupid name) pulls off the exact same tricks.

Bloomberg very recently came out with a report (obviously hidden source) that Tether is backed sufficiently, so in that regard, it's probably a good idea to take anything from Bloomberg with a truckload of salt.

In the end, whether that coin or token or stable coin will actually make it doesn't even matter, because it in no shape or form is a competitor to any of our existing currencies. This space differentiates itself from everything else because of its decentralized nature. That's what makes crypto valuable to begin with. On top of that, people love the volatility and potential money making opportunities. 

We need a bit more time going forward to see how both markets react. In the more recent months there has been a decent level of correlation, but it obviously won't repeat each and every time. The advantage here is that Bitcoin could very well be near its bottom, or perhaps has found a bottom already, while the US stock market has so much room to the downside, that we'll see trillions evaporate like it's nothing.

If Bitcoin is going up from here, and the stock market keeps going down, even if the movements aren't related to each other at all, the mass thinking the movements being related will definitely play a role of importance. This market lacks liquidity in both up and down directions, so more retail money entering will be a positive for sure.

I like that. It gives people more reason to hate on these con artists, because that's what they are. The more shit is going their way the better it is, because that makes their shitty project less appealing to the general public. Just read the comments when Roger or Jihan post something on Twitter, it's wonderful.

It was waiting for them to mess up, and they finally did it in the worst possible way. Now they don't only have frustrated crypto gamblers standing in their way, but also CSW & Co.