If you think logically, successful traders have much better things to do than to waste time with noobs on Twitter or any other social media platform, especially with how the crypto market is active 24 hours a day non stop.

From what I have seen it really seems that these TA influencers on social media are just thriving on the views and clicks they generate, and then in some cases also the signals and courses that they offer to their largely noob audience.

I can only laugh seeing these influencers do their best too hard, but it seems to be effective enough to attract views and clicks, so they will continue doing the same they have always done because it works.

I can agree with that. I quite often see crypto TA influencers on social media clutter their charts with lines, moving averages, volume profiles, and so on.... how can one not get confused by so many indicators?

I use a few indicators that work for me and keep my chart clean to not lose sight of the actual sentiment and trend within the market.... the more you clutter your charts with lines and indicators the more insecure you are as trader.

I think that people need to figure out what made the price sky rocket to $20k back in 2017.... it was the hype around ICOs that people bought into and needed Bitcoin for to buy into the initial distribution stage.

We currently don't have that demand steering up the price, just the chart technicals that improved a lot this year.... if it wasn't for the block halving hyping up people, there wouldn't be anything fundamental to focus on at all.

People should be happy if we end the year around the $10k mark because things could have looked far uglier if we didn't have that massive run from $3k to $14k this year....

The problem with people within crypto is that they want these high level legacy investors to embrace crypto, while it's so obvious that it goes against everything he has built up throughout the last years with his business Europac.

Even if he really likes Bitcoin, he will still pretend that it has no value at all in the media because of his business.... if there was no gold business involved I'm sure his opinion on Bitcoin would be completely different.

People just need to accept that there are certain incentives these legacy players have to protect. As long as that is the case, they will keep trash talking Bitcoin and the general crypto space.... so indeed, lets just get over it an move on.

Not impossible at all.... it has been happening for decades globally, and yes, it has an impact on the economy because it decreases the purchasing power of the ordinary people.

Money printing is only a good thing relatively short term speaking, because it gives the economy an artificial boost, but when the effect of the printed money runs out, you'll need to print even more to reach the same effect.

It's like a drug addict that has an amazing high the first time, but needs more of it just to feel good while the first euphoric high will never be replicated again.... all you can do is use more in the hope that you can replicate it.

There is no point in exaggerating this event. It's not going to change anything because nobody is interested in spending their coins.... this is nothing more than an effective way to generate cheap and easy exposure.

I have yet to see an instance of merchant adoption translating into price appreciation.... even more precise, merchant adoption actually hurts the price as coins are being sold to accumulate fiat to pay merchants.

The far majority of the merchants accepting Bitcoin through a payment processor don't care about Bitcoin at all, they just look to generate additional revenue in fiat, which I can't blame them for.

I don't think the user base is quite big at all, because there is not much demand for anything related to crypto other than speculation. If there was any real demand for use we would have seen it pick up, but that's not the case so far.

What we have seen pick up throughout the years is the speculative demand, which is enough for the price to go up.... in order to stimulate use the price has to be somewhat stable, which it definitely isn't right now.

It sucks when you receive like $1k worth of payment for something you sold to then see it drop by 5-10%. Yes, it can also go up by 5-10% but this is use as money, not use as speculation.... you want the certainty that it stays $1k.

The charts make it look like there is a lot happening, but when you for example calculate the volumes in Venezuela back to the USD, it's no longer impressive.... actually, volumes have gone down in USD not up.

You can't tell me that $3-$5 million in volume on a weekly basis is anything to pay attention to.... it's peanuts in the grand scheme of things, so unless they grow their volumes seriously, there is not much point focusing on them.

I wouldn't necessarily just focus on the analysis here on this forum because everyone is just guessing.... some guesses are more educated than the others, but what matters is that you follow your own plan and stick to it.

I personally only pay attention to the analysis here to see if I forgot about certain key areas or indicators that are relevant in the here and now. In other words, just to improve my own analysis where possible.

What I find even more important is to actually sell a portion of my coins whenever the market seems extremely overbought, which is something I didn't do in 2017 but did do so this year. I can look forward buying lower without feeling bad.

As long as the digital currency group owns close to $100 million of ETC, they will do their best to have it remain relevant, but when they back out after having dumped their bags the price will freefall for the rest of its existence.

It's kinda sad because I still consider ETC the original Ethereum. In this space however being original or not original doesn't mean anything.... the only thing that matters here is what the economy within crypto considers to be the original coin.

If you held ETC after the split thinking it will do well or take over the coin continuing with the ticker symbol ETH, you lost a lot of money and Bitcoin ratio. In other words, don't go against the economy's opinion. It will rekkt you.

The only thing people read is the title and how much they can make.... the rest they will figure out about later on, usually when things go wrong. It has been like this for years, and probably even before I joined this forum.

I get it that people want to make money, but that still doesn't mean you have to blindly join bounties or whatever campaigns.... rules are to be followed regardless of your forum rank or how badly in need of money your are.

Isn't that up to the people running them? I mean, institutions are monitoring their bots every single second and allow human input to adjust settings so that their bots don't buy or sell into an unexpected price movement.

I think your point refers more to those who pay a service for a bot and then sit and wait hoping for a profit. In that case you are right, but that's a problem with the people who bought these bots and not necessarily the bots themselves.

As long as you know what you are doing and have full access to that bot, there isn't much that can go wrong IMHO. At least, not more wrong than when people make mistakes trading manually.

I'm not too surprised nor do I think it's news worthy. Binance will keep closing and opening offices around the world as they never feel too comfortable staying in a country for too long with their non compliant attitude.

In the long run it will be the compliant exchanges getting back all the users they lost to exchanges such as Binance, so this is actually the time to get yourself finally to comply with legislation as exchange. You can't keep running away for ever.

Actually, I'm leaning towards mild inflation to be a good thing for an economy as it motivates people to spend and invest, otherwise people would sit on their money because they won't lose anything if purchasing power was stable.

The area where inflation goes wrong is the area where governments get too greedy to fix everything by printing money to fill up gaps left and right instead of allowing the economy to take a hit and recover organically.

China enters every single industry where it then tries to dominate it by offering lower taxes, lower wages, lower power rates, and so on. It has been their signature move for decades now.

I however don't agree that they dominate Bitcoin because a lot of the hashrate has shifted to other countries. Is China still a major player? Yes. Has it resulted in anything bad for Bitcoin's mining ecosystem? No.

I think it's more so that news outlets and the non crypto mainstream media try to scare people off by highlighting China's 'dominance', while the reality is nore nuanced, but they don't tell you that.

There is not much of a difference? I can state one massive difference.... the block size, which is 32MB versus 1MB. Bitcoin will get back to its $10 and up fee hights, while 32MB blocks provide cheap transactions consistently.

The throughput of Bitcoin is a joke, really. It should have gone past 1MB like two years ago and trending higher as the demand picks up, but no, nobody is allowed to build on top of Bitcoin because imagine people's RPI's freaking out.......

I actually like XMR because it's fundamentally different from Bitcoin, so there is an actual utility here that people can tap into that they can't get with Bitcoin. In that sense it's actually one of the very few altcoins with true value.

I do however agree that from an investing and liquidity perspective, it's not going to bode well for XMR and other privacy coins with how more and more exchanges are forced to delist them.

The thing however is that you don't have much privacy when you buy privacy coins from an exchange to begin with, so in that sense it's actually better to have exchanges delist them because it forces people to buy them locally or through a DEX.

Litecoin generally is quite a good indicator of what we can expect for Bitcoin, so if we look at Litecoin's halving of a few months ago, it's safe to say that it hasn't done anything for it after the halving took place.

Litecoin's price went up significantly before the halving, but to give most of the gains back afterwards. I don't say we will see the same happen to Bitcoin, but if there is no short term demand, things won't look as pretty.

Bitcoin's price is higher than ever before in the run-up to a block halving, so there is much more economical mass to move up, which isn't going to be an easy task at all, especially when it comes to +$20k levels people are speculating about.

Same here. I absolutely love the convenience that my debit card offers me where I can just tap my card on their hardware terminal to complete the payment in a second or two, but it relies on various factors to function.

I have been through situations where the payment processor the store uses was out, then another time there was no internet, then the hardware terminal didn't work. In all cases I was saved by using cash to directly pay with.

I do however notice that the stores in my area aren't too keen on holding much cash anymore for various reasons, which has been reason for them to promote paying by card instead of cash.

Are you referring to sending Bitcoin to your bank account to have it show up as such there, or are you referring to cashing out Bitcoin on an exchange to have the fiat end up on your bank account? The latter makes more sense to me.

I'm pretty sure that if a bank (regardless of what country) would announce that they accept Bitcoin deposits directly, it would be huge news covered everywhere for weeks straight. Considering that this didn't happen, I assume it's not the case.