Volatility isn't Bitcoin or any other coin's problem, it's just a side effect of people's greed. The underlying problem of crypto in general is that the majority of the people don't (yet) understand the problem that crypto is meant to solve, which at the same time is the only thing that gives it value. If people even for a second realized what Bitcoin is, they wouldn't be selling it like empty headed baboons.

I hope that whatever the project is that you are working on, focuses on education of Bitcoin's fundamentals and technical aspects. It doesn't have to be difficult if you stick to the very basics. The easier it is for people to understand, the more likely it is that they will show genuine interest.

Institutions might be more than interested to enter at current levels, but if they see an opportunity to buy the market down they won't be preventing the price from tanking further. If you look at how the market went down in the last weeks, and how little support there actually was, there isn't much to be excited about in all fairness.

It pays off to be conservative and not be biased towards crypto because of your investment in it, but actually see it as it is; a market that can tank well below what you think is low already.

Crypto lacks the liquidity to eat through large sales. On top of that, altcoin whales cash out to BTC then dump for USD. 2x selling pressure.

Excuse my words, but seriously, fuck these experts. They have done nothing but mislead the mass in each and every way.

You are the prime example of why news outlets have become shit. You take everything for granted without doing prior research, and without knowing how this market actually works. At worst, the btrash fork added some fuel to the fire, but there never is one single reason why a market pumps or dumps. It's always a collection of factors. Last year it worked in our favor, this year it goes the other way.

In the end, there is no point in trying to find a bottom that you have zero control over. Every bottom you have in mind will likely be crushed and you end up being disappointed and more stressed out than before.

The market isn't here to please your greed. If you want to invest, do it based on the fundamentals, and not because you hope there will be a bull run at whatever point in time. If you purely invest for speculative purposes, you are wasting your time because we might not see a bull run like the previous one in the coming two or so years.

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I wonder how much selling is happening for the sole purpose of noting a loss before the end of the current year to offset future profits. 

It really seems that the selling that's happening right now is more an attempt to tank the market further rather than actual panic selling from traders/investors being afraid of what has to come.

Smart action. Switching from bank to bank usually comes with a % fee, and they did it more than once, meaning that they won't be able to buy all the tokens back in case everyone tries to get rid of them at the same time. I'm pretty certain they have also sent crypto to various exchanges to buy back as many tokens as possible during the times crypto prices against USDT were inflated.

The more fud there is brewing around them and their shitty token the more advantages it offers for Bitfinex to buy them at discount rates.

Nowadays everyone with an opinion is either an expert or a crypto king, lol.

If you look at the article content that news outlets released in the last 1-2 years, it perfectly shows why it has become so truly disappointing. This garbage content is meant to appeal to the hoard of fools chasing hopes and dreams of becoming rich, but end up burning themselves due to their stupidity and greed. In other words, it all comes down to supply and demand.

I like how this market keeps fooling these hillbillies. They feel confident when the price and the hashrate go down during a correction, but hide themselves as soon as everything goes back to normal.

This doesn't seem like someone's opinion, but bitter desire to see something crash because he doesn't like it, or missed out.

Well, as you said, it tends to do the opposite of what the regular markets do, and these regular markets have been an exceptional performer in the last years, and they are still doing well despite the first signs of a wide field correction. I don't really see much reason for Gold to increase much more than it already did.

The volumes the stock market is generating after each dip indicate that there is no real fear of a total market collapse. They definitely know what buy the dip is. Gold is a great indicator of fear, and as long as the price is relatively boring, which it is despite its recent upswing, you know that money isn't looking for a safe haven, yet.

I'm bullish on Bitcoin all the way through, but have to admit that Bitcoin in general terms is still a high risk asset, especially amongst traditional investors and average joes. In other words, your wife is likely to do better going for Gold in the short term. Gold has had thousands of years to gain trust, while Bitcoin is the new kid on the block. It will take time for Bitcoin to become a safe haven asset, but I'm confident that it will happen.

Storing physical Gold is doable in smaller amounts, but a total disaster when it concerns so much Gold, that you have to buy a massive vault or have your bank store it for you. Storing large amounts of Gold in a vault yourself comes with the obvious risks of thefts and whatnot, and letting your bank store your Gold for you means you don't actually own it anymore.

Bitcoin for average joes can be stored conveniently in a hardware wallet. Even if someone takes it from you, they still can't do anything with it as long as you have your recovery seed hidden in a place only you can find.

There is no need to exaggerate. If you have to sell coins or stocks to buy gifts and whatnot for the holidays, you obviously used money that shouldn't have been invested in the first place.

Another thing is that we have gone down so much already, that the speculators I referred to above have likely sold already. If the price happens to go down around that period, it will purely be a continuation of the downtrend we're in.

I remember a thread on reddit earlier this year, the point basically was that the correction that followed after reaching $19,500 was purely caused by Asian traders selling to buy gifts for Chinese new year. It really boggles my mind that people continue to believe this nonsense. After Chinese new year they blamed regulators for the price to go down, then social media ad bans, etc.

Horrible plan.

The only good thing about what you have stated is that I am more inclinded to think that we're very near the bottom. The more people believe we'll tank hard in the coming months, the more I am tempted to buy another load of coins right now. I'm actually very tempted to do so right now. I'm like a kid in the candy store. Sugar overload, what amount should I buy candy with.

I need more bearish talk please. Where the heck is kwukduck when you need him. Grrrr.

Did you register just for the purpose of posting this? How did you find this thread if I may ask?

Even if you are a random investor and actually managed to get funds out, they could very easily have paid you with funds coming from a previous investor, or with their own funds to have you spread the word. If people can't withdraw funds, it means bad publicity instantly, and they obviously look to establish some sort of an okay reputation initially, all to trap in even more victims as time goes on.

https://twitter.com/BitSpring_Org/status/1069749894934683654

That's from their Twitter. Legit crypto related funds are literally forced to shut down, and Bitspring grew exponentially.  

The odd domain name itself is enough to make me avoid it without even doing research. Services trying to conduct fair business would do everything to pick a domain name that signals professionality and solidity as brand. bitgoldenfx signals throwaway domain.

Looks like the domain is registered on Namecheap with a holiday discount.

Interesting activity I noticed in the last 6 days.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses-2.html it concerns address rank 132 to 208.

Whoever this entity is, transferred 8000BTC to 76 different addresses totalling 608,000BTC. It's mind boggling that someone (or a group) can hold this many coins, and I very much doubt that this is an exchange. It could very well be an institution that started with accumulating way back, or perhaps the "lost" MtGox stash?

The funny thing about these assholes is that they shot themselves in the foot by splitting, because where you had one party doing something relatively 'unique' (i.e. on-chain scaling with barely any limits), there are now two chains doing the exact same thing. From hash war we'll be moving over to a block size war. The first to upgrade to 1GB blocks wins.

The prices that came down badly made people literally hate them. This is reverse marketing, lol. I'm waiting for nChain and CoinGeek to split. Bitcoin Geek, does that sound right?  

I expect crypto to go down with it as well, mainly because of the fact that traditional investors have a different mindset towards crypto. People here might think that it's a safe haven, but when big money being able to move the market thinks otherwise, they will make you feel that you can say goodbye to your safe haven, at least in the very short term.

Crypto is mainly a smaller allocation in the portfolios of traditional investors, and they are way more likely to dump crypto first when things start to look bad.

Absolutely. In the end, we're only one major crisis away from people understanding why Bitcoin has value in the first place.

It will do well in terms of utility, because people have no other aspect of crypto left to focus on with the prices being shit. The gamblers that were here solely for the gains can go back to where they came from, we don't need them here.

I remember that I actually became interested in Bitcoin's technical aspects during 2014/2015 and used that bear market to buy as many coins as I could with the money I had left, because being greedy didn't work out well for me financially. Going back to the source is what people will end up doing, and the source is Bitcoin.

Let the market bleed, there isn't much that we can do anyway.

Unfortunately, most people are pure gamblers that were attracted to this market, all because of how the prices were going up. They don't buy dips, just dump all their money in the market at one specific level, then wait to become filthy rich because Tom Lee and Novograts kept saying that it would go back up. Blindly investing in an asset never works. People hopefully learned now.

Do you still believe in the BCash con artists selling their coins? Think about it, if these dudes can literally rekkt the crap out of this market, don't you think governments would wipe the floor with crypto if they want to?

I'm pretty certain that it were institutions lowering their exposure to risky assets, which is why in the last couple of months there was some tight correlation between tech stock dumps and Bitcoin dumps.

You don't stand a chance since I will add 100% more buy support than you, regardless of what you come up with. Bammmm, that's a 100% increase of value.

I'm being sent screenshots through whatsapp constantly of articles claiming that Bitcoin is nearing its end, and you know what it means when average joes start to believe the price will tank hard in the coming months. Bouncy bouncy. No more $20,000 before the end of the year bullshit, thank you, we're finally making progress.

I really start to like how this forum is the perfect reflection of what average joes think. The sooner people here turn bearish, the more confident I am that we're very close to the bottom.

It's normal, because the price right now behaves the exact same as it was when the 2015 ~$150 bottom was in. After that it kept bouncing up and down between the $200-$300 levels and shot up afterwards.

If we happen to reach $7000 I'm pretty certain investors will see that as an inidication of a trend reversal and will probably fomo in as result of that. As long as we settle higher lows, I'm pretty confident that we might follow a similar pattern, but everything makes sense till it doesn't, so we have to wait a bit longer. All my focus will be on what's happening in the first quarter of next year; if we by that time still don't see a $3000 test, we probably never will again.

99% of the people don't even know where their coins came from, so if their deposits get flagged to be undergoing some sort of internal investigation, it will catch them by surprise. Another thing is that they can also falsely flag your deposit, and then months later tell you that it's all fine.

I'm already at a point at which I'm worried that literally every deposit of mine can be frozen on platforms I'm not verified at (i.e. Bitmex), so I'm not far away from saying goodbye to platforms I'm not verified at, nor plan to be in the future. People like me will likely stop using these platforms, the rest of the delusional users will keep doing what they have been doing for ages, which is continue being a noob till you can't walk any further.