Can't agree more. The underlying problem of why we're dealing with so many scams isn't related to scammers, but people themselves, and then mainly those who are responsible for creating that demand.

We went from people not knowing what scams were, to people understanding what scams are, but no longer care about it as long as they see an opportunity to outlast obvious investment schemes.

All this is doing is making crypto look bad where smaller parties can no longer advertise on the mainstream social media platforms. Scammers however found a way to bypass Google's restrictions and still advertise garbage.

It's ridiculous. It's one of the negative side effects of mainstream adoption.

Agreed. Eventually people will even find out how to use the mainstream media as counter benchmark, which is basically what happened with CNBC in the more recent months, and it actually worked pretty well.

CNBC invited cryptomanran (their crypto "expert") to say how we according to his analysis will fall down to around the $5300 mark, and the price went straight up from that point.

Another opportunity was when Brian Kelly said how Bakkt will make sure the price will increase when China wakes up. Instead, the market took a dive into bloody waters. Short their excitement and long their fear.

You have too much faith in crypto traders. The reality is that most of these traders aren't doing anything other than betting on a positive outcome for their trades. In other words, it's purely gambling.

The extreme minority of the traders who do have some degree of success are silently doing their thing. The people you hear and read about are those gamblers not feeling comfortable because they expected big profits by now.

I must however say that I don't think even these gamblers are selling right now. Everything happening in the more recent months reeks of algorithmic trading activity, and you can dig into it for yourself to either agree or disagree.

Technical analysis has been too much of a factor. It's almost unlike crypto that is usually driven by greed and fear which used to make the market an unpredictable mess.

It's all personal in the end. If you look at the longer term picture then the market has definitely a bearish tint to it, the problem however is that people automatically think it's negative while it's part of the market and actually healthy.

The thing with markets is that you can make them look as bullish or as bearish as you like, it all depends on the time frame of the charts you're interested in. It's not worth disagreeing with just because you don't see it as such.

Based on the range you stated it indeed seems like the market has a firm range it's the most comfortable with. There is enough buy support to keep it above $6000 and there is plenty of selling pressure dumping it below $7000 again.

I don't think it will change the way governments think about Bitcoin at all. I would even say that it's more likely that it will slow down regulations with how everything thrives on the market to go up.

If the price remains stagnant for a long period of time, there generally doesn't seem to be happening much from both the user and corporate side. This bear market is really showing how everyone banked on the bull run last year.

We're in a position right now where we can see how the bear market is stress testing the patience of everyone in this industry. Give it a couple of more months to see how much further we are in that regard.

Roger once addressed that by simply saying that the total fiat value of the transactions themselves and the trading volumes of Bcash were higher in both aspects, which is true but there are more ways of looking at this.

Roger also believes small transactions are important, which is what most people use dogecoin for, but he completely ignored it which just shows how he's cherry picking just to 'validate' his own points.

There are more than a dozen of coins with more on-chain transaction activity than Bcash, and he keeps ignoring all of them. He must be so high on his own supply that he really believes Bcash is the best on-chain money.

Good one. People often complain about exchange manipulation being bad, but similarly they complain about regulations tightening money flows to be a bad thing, so which one is worse will be the question.

I personally think that we'll be heading (forced) closer to the second option, especially when institutions start to crowd this industry. At a certain point they will take over the spot market with their own regulated platforms.

In other words, the legacy institutions people try to avoid are inching closer and closer. Time will tell whether or not it will affect the development of this industry, but it's frightening for sure.

I'm not so sure about that. We're years ahead now, and the media still doesn't know what they are talking about. The most we can expect from them picking up Bitcoin related news is more drama and fud.

They are the first to report about every bit of negativity, but don't want to put any effort in rectifying fake news articles like we have seen about Goldman Sachs recently. They want to see blood on the streets because that sells.

Title that the media came up with but no one uses in reality. Roger can't even decide for himself what Bitcoin is anymore. One moment it's Bitcoin Core BTC, then Bitcoin BTC, then Bitcoin BCH, then BTC version of Bitcoin, and so forth.

I don't consider Mike Novogratz calling bottom to be something to add value to, especially with how biased he is with significant crypto holdings at risk. Market makers don't care about these entities.

If the price is destined to go down, it simply will, regardless of who is calling bottoms. I'm ready and somewhat do expect another sub $6000 visit either this or next month. Time will tell whether support will yet again hold.

I'm not trying to sound bearish, but being overly optimistic has only resulted in disappointment this year. I'm trying to maintain a healthy/neutral balance to not get bothered if the price goes down again.

Expect the unexpected!

That actually worries me. If the general public is constantly looking towards these parties for the sole purpose of seeing their capital enter, it more and more looks like we are out to "forget" the main utility of Bitcoin.

I personally don't think the fake news was the reason the market, but even if it was, it would point out that we're heading in the wrong direction. We opened the door for these entities to troll us and we're paying the price for it.

If we have to believe the mainstream media, then we pretty much reached the last stage of retail adoption and institutions for that reason are the only players able to initiate further growth. People really believe that nonsense.

Since this has been going on for a longer while now, is there already a viable LB alternative out? I can't seem to find anything even remotely close. The ones that I found are pretty shady in my opinion.

Or maybe I am too paranoid and handle extreme standards, but on the other hand, it's impossible to ignore how we more than ever before are walking targets. ATMs seem to be the way to go nowadays for local people.

It doesn't help you avoid KYC unfortunately, but it certainly gives you a peace of mind in the way that you don't have to meet up with a total stranger. The higher ATM fees have to be taken for granted.

Initially it was more a media circus for me as bystander, but the economical pressure was certainly noticeable around me around a year after the event. I'm glad to say that it didn't affect me personally.

I can even say that while the mainstream media was acting like the end of the world was near, local banks here were running just fine and there was next to no resistance against them, or at least not more than usual.

As time goes by it more and more becomes clear how empty and sensation driven mainstream media outlets are. I'm already at a point at which watching news has become entertainment rather than what it should be.

Not sure what made you think so, but .cc domains aren't free at all. If you look at where the domain is registered, it returns Namecheap and these domains cost $9.88 per year over there.

.tk/.ml/.ga/.cf/.gq are free domain extensions in most cases, but you can pay for them as well if you want to unlock more features and longer term registrations of domains. Google is your friend.

It's an attempt to profitably outlast a ponzi before it collapses. It's something I notice more and more amongst people that they very well know what they invest in. It's pure greed and in my opinion these people have no right to complain.

True, but maybe that should give people more motivation to no longer work for an employer, but to start up something yourself. What else is there to do for people? The situation will only become worse like this.

Most people hate their jobs, complain, become stressed out and exhausted, and who's there to be blamed for? Is it the employer or people's lack of will to fight for that change? I'll go with the latter for sure.

Nothing comes easy in life and these 4-day work weeks won't change anything if the underlying problem is still there. Once we have a 4-day work week everyone will crave for 3-day work weeks. It's a never ending problem.

It's easy when trading is more a side 'job' and you're ok with the results after each session, but that's not the case when it comes to those doing it on a serious/professional level.

If you have to perform for the sake of generating income to pay your bills, or when it's your greed that has taken you over entirely, you will revert to substances that give you an energy boost you desperately need at that point.

Going outside to take a break means wasting precious time where you could have banked on one or more profitable trades. That's how these traders think, so consuming substances is the most convenient option.

Urgency and greed makes people easily discard body signs.

That makes sense with how the block halving is an event that's guaranteed to take place, while everything else is too speculative without a solid foundation. You can't do anything with hopes and dreams.

It would be good for the market to have the SEC reject the Vaneck ETF entirely. I think that's when we can see how much of current levels are dedicated to speculation around ETFs.

If there is no ETF speculation, no news around institutions entering the market, it will become increasingly difficult for the $6000 mark to remain as resilient as it has been this whole year. Eventually it will break.

The price was hovering under $5000 when the futures were announced, and that gave the market a boost that it needed to peak around December because the majority assumed billions in liquidity would flow in.

If we deduct the speculation around the futures, and the speculation around ETFs that won't be approved, the price shouldn't be anywhere near the $10,000 mark. Remember that the bull run started from below $800 in 2017.

From $800 to $5000 is still an incredible milestone. Time will tell whether or not well get $5000 levels again, but it shouldn't be discarded. The previous bear market took around 14 months to finally reach the bottom.

The average person needs to go through something horrible in order to acknowledge how bad the situation is, and as long as that doesn't happen, and banks function perfectly fine, nothing will likely change.

I don't see anything wrong with how my bank works, and it has been working consistently well for at least 15 years straight. I enjoy instant local transactions, no fees involved, buyers protection, and in some cases even bonuses.

If I wasn't into Bitcoin, there wouldn't be a reason to switch, and for that reason I can't blame the average person to not switch either. Banks stepped up their game and it works apparently.

You reading their article is already a hit they can leverage, and in case you are using a vanilla browser with basic settings, they could even leverage other data such as what you did before visiting their site.

If you want to cut everything out, then the only way is to avoid news outlets from which you know only produce rubbish articles. If that's not an option, then use chrome's incognito tabs as that seems to help as alternative.

Common sense is sufficient mostly. People's problem is that they constantly try to time the market, which has been proven to be the wrong way to participate in every actively traded market.

To buy the average of the market the best thing to do is to dollar cost average on a monthly or biweekly basis. If you do that with 5-10% of your monthly income there is less reason to stress out. I do that too and it works well.

If you don't touch your savings you'll see that the market's fluctuations in the short term are nothing more than noise. Saving up money takes years while losing it just takes a couple of months.