The thing is that we don't know how people will react by that time. It's easy to say that crypto is the perfect hedge, but don't underestimate how the majority still prefers gold over anything else as safe haven asset.

Gold has proven to be a reliable asset for thousands of years, and with how widely accessible it is in all shapes and forms, and with how it offers a market that's 10000x more liquid than crypto, why would people go for crypto?

If that isn't enough, crypto doesn't even scale yet. I'm a believer in Bitcoin, but I'm realistic at the same time. Bitcoin has a long way to go before it starts to convince people to ignore gold and go straight for Bitcoin.

It's quite interesting how Yobit has been more than consistent with providing no support at all, even way before last year's bull run. That's a clear sign they have never cared about their user's problems.

They can choose to dedicate their time to extorting users, or to help them solve their problems, and it's clear which option they chose to go with. People should be blamed for using this exchange, and not Yobit itself.

By not solving problems Yobit aims at people to at some point give up on their account and leave for good, which means that in case people had some funds in their account, it's pure profit for Yobit now. That's how scammers work.

Mind explaining why and how big data will help governments avoid dealing with exchanges when it comes to taxation of users? Big data is nothing more than an additional form of collecting data, not the main one.

Big data doesn't show how I trade on an exchange. The government needs to have the exchange provide them that data, otherwise people will be able to cheat in every possible way to avoid being taxed in full.

People could even artificially lower their holdings on paper by pretending they lost half of their crypto holdings due to bad trades and whatnot, and that while they might have doubled their holdings in reality.

It's not as easy as it may seem, especially when my local tax authority knows what I have because I declared my holdings. In total they know about 40% of my Bitcoin holdings and the rest is secured without anyone knowing.

By hiding 60% of my holdings I effectively have made sure that they can't tax me over that part of my net worth, but that also means that I have to figure out how to legally use these funds somewhere in the future.

Good thing is that Bitcoin has so much more potential to increase, that inflation and tax hits aren't really a problem in the long run. The Bcash fork last year was a welcome event with how I use the free coins to pay my taxes with.

I think you are mixing things up. No way Indians get taxed 30% annually based on their overall wealth. In most cases this form of taxation hovers between 0.5-2% depending on what country you are from.

The 30% tax rate you are talking about concerns capital gains, which is completely seperate from overall wealth taxation. In my case I am subject to both forms of taxation every year, and it really sucks because it feels like theft.

I can somewhat understand capital gains tax, but overall wealth taxation is the most stupid thing ever. Even if the value of your holdings goes down significantly you are still subject to that form of taxation.

It's ridiculous to pay tax over the same amount of money over and over again.

That's assuming they generate worthy enough volumes to really become an important player in the market, which I am not really that confident about. I'm not writing it off entirely, but it's good to be conservative.

Another factor is that the market matures as time goes by, which means that 'good news' and to some degree also 'bad news' will become even less of a thing. It leads to less overall volatility which is a positive step forward.

Why should the market always react to news? It's no longer 2013/2014 where the price pumped each time a large merchant started accepting Bitcoin. That was pathetic in my opinion.

Mind explaining why you think that Kucoin has better security than Binance? I find that hard to believe and it's impossible from our side to see how secure or not secure an exchange is behind the scenes.

In terms of user focused security, most exchanges handle similar measures where 2FA is the most important aspect of it. From here it's solely up to you to not mess up, and not the exchange itself.

Kucoin has always been a shitcoin exchange, where the most important aspect of their existence has been generating fake volumes. These exchanges are a disgrace to this industry and they deserve to vanish.

People here are very simple minded. If they think a certain coin has gone down a lot, they assume that it won't go down further, but they don't realize that speculation is one of the very few aspects adding value to crypto currencies.

Crypto has proven to go down far beyond levels people consider consider to be low, and this will continue to happen as long as the utility isn't the main contributor to the overall value.

Even while I think that $5800 is quite a strong support level, I'm not discarding the possibility of seeing the price break through that support level. Today's "low" price of $6400 can easily become tomorrow's lower high.

People not accumulating right now will definitely regret not having done so once the price starts to move up further and further. People only know what they missed out on when the opportunity is no longer there.

On the other hand, people not accumulating right now will fomo buy when they finally realize that it may be the last time they can buy at lower levels, which could function as fuel for the next leg up.

I'm ready to see threads pop up asking whether or not it's too late to buy Bitcoin at $10,000 or $15,000. Was funny how people were asking the same when we hit the $1000 mark again at the end of the previous bear market.

I don't have to tell anyone what happened after that.

It's not bad but not that great either. It's just another player entering the market, and we'll have many more players like that in the coming years do the same. Time will tell whether or not there is enough demand for these platforms.

I rather see more fundamental improvements for Bitcoin in terms of scaling. The last thing we need right now is another bull run once again exposing how crippled the upper layer of the crypto ecosystem really is.

The largest crypto currencies can't handle more use than what they have been fed during the peak moments and shortly after the last bull run. Both Bitcoin and Ethereum are depending on the market to remain calm.

It's not really Circle's choice to say yes or no when the multi billion entities backing it think it's time to acquire an exchange that initially looked very promising. Looking back now, it's a $400 million flop.

Letting that exchange fail is cheaper than pumping like $50-$100 million in marketing and new core business strategies that are almost guaranteed to fail. It's the hard reality.

The majority of the users who remained loyal to Poloniex are on the brink of moving to another exchange, which is pretty sad actually. If even the few active users even think about leaving, then pack your stuff and swallow the hit.

If you're referring to atomicwallet.io they are supporting hundreds of crypto currencies and tokens, and not just the ones that you mentioned. Definitely check them out as they are the best in what they do.

The only thing is that it can't really be called atomic swaps when the process can take like 15 minutes or even longer.

The full list of supported coins can be seen here: https://atomicwallet.io/assets

Here is their Github: https://github.com/Atomicwallet

There is also altcoin.io but they haven't done much in the last couple of months to speed up development. It was hyped up initially but almost no one talks about it anymore.

My thought as well. I haven't been able to even remotely use any exchange order book in my advantage to obtain useful and potentially profitable data. One or more players can fill up or empty order books in a matter of minutes.

Another thing is that I see a lot people here talk about how well they are doing with trading, but it's pretty difficult for me to believe that this is actually happening. The far majority of the people trading are losers overall.

Funny thing however is that the people pretending to be trading successfully never bother to point out their trades before cashing them out. With that in mind I can make myself look like a solid trader here as well, but I don't.

What do you mean with 'has no form'? If you refer to the fact that you don't need to fill in personal information to use Bitcoin, then I can agree with that, but the process of buying is largely still centralized unfortunately.


There are as many pro's as con's to name up when it comes to the volatile nature of Bitcoin, so I'm neutral here. People often forget that stability stimulates currency usage and prevents merchants from directly selling their coins.


Elite groups? That sounds as if Bitcoin is heavily centralized around these groups, which isn't something I would consider to be an advantage of Bitcoin. I heavily disagree here for that reason.

If you think you have that free choice, then you're obviously wrong. It doesn't matter whether Bitcoin is legalized or not, there is no way you can escape from your legal obligation to pay tax.

No wonder that the number of people paying tax over their gains hasn't been growing throughout the years. People falsely assume that Bitcoin is anonymous and for that reason can skip taxation, or that it isn't legalized.

If governments start forcing exchanges to transfer user data once a year for taxation purposes (which is only a matter of time in my opinion), I'm sure that a lot people will be surprised when the taxman shows up.

If that isn't a clear sign that people should stay away from that site, then I don't know what is. HashFlare just admitted that the price needs to increase with 50% just to start earning again.

And even in that case, what people will be earning it is likely just a couple of Satoshi's, which is an utter waste of time. Can you imagine how long people have to wait till they reach the minimum withdrawal amount?

You know the sad part? The people joining from platforms such as YouTube won't get to read this. The only thing these people know is that cloud mining is profitable due to all the paid shills there.

Doesn't really help because there is no way you can entirely avoid knowing about prices with how we are entering the mainstream world. I tried it for a while but gave up on it with how pointless it is.

Even if your current target is to hold your coins beyond 2020, the price increasing with 50% this year will very likely be so tempting for you to cash out, that you will actually do it. Most people aren't firm hodlers.

It's insanely difficult for people to resist the temptation of selling, especially if they start thinking about how the price can go down and you miss out on a selling opportunity. It's a mental war game for real.

Just because something is better than nothing according to you doesn't mean it will actually help people. It's impossible to time the market, regardless of how far back you look into Bitcoin's last performance.

There is only one 'fool proof' way of entering the market, and that's by dollar cost averaging your entry points. By the time the market is going up for a longer period of time, your sub $7000 entry points will pay off your efforts.

It's what I have been doing for years and it always works. Yes, some times you have to wait longer to book profits, but why is that a problem? The market makes up for all that once it rockets up.

People use BitMEX for a reason, and that's exactly why there isn't an easy way to simply hop over to another exchange. BitMEX is the best in what it does, where the second best option is orders of magnitudes behind.

The most important factor of safety is that BitMEX doesn't operate hot wallets, which is something that directly makes sure that hacks with coin loss isn't going to affect their platform.

It indeed means that withdrawals are being sent out way slower (once a day in BitMEX's case), but I gladly accept that with security in mind. Exchanges operating hot wallets will all become victim of hackers stealing coins. It's only a matter of time.

Malta is definitely doing a great job attracting crypto focused businesses, but I actually hope that it triggers other governments to follow and be part of this revolution that is still in its early days.

It's never a good thing when the largest crypto businesses settle themselves in one single country. If at some point Malta for whatever reason goes mad on them, then brace yourself for what drama we'll be going through.

The more distributed the crypto industry is, the stronger it is, and the longer it will last. On a less critical note, this is quite a bullish signal that will help to solidify the foundation at which we can build further.