It's pretty funny how China bans continue to fool people into buying and selling Bitcoin...
It's even funnier how fly-by investors are handing over their coins to stronger hands at a loss, making sure they'll hand the coins back to them at way higher levels later on. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Noob thinking; Bitcoin at $15,000 = it will take over the world soon. Bitcoin at $4000 = mwah, the end is near. With how easy it is to shake these idiots out, and how unregulated this space largely is today, you should expect fud to pop up and affect the market, because it's too damn profitable to troll everyone here.
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Anyway, states accepting bitcoin as taxes is always good. I wish all states in the world accepted bitcoin, so they wouldn't force people to sell for that, which is always risky since I just cant trust any exchange.
You technically still have to "trust" a party that's taking care of your coins. In this case it's BitPay, which is doing everything it can to destroy its reputation. You can thank Roger for that. Another thing is that it allows governments to dig into your transaction history to see if you have been honest or not, and they will definitely use that against you if they have a strong case, which is why it's better for people to pay their taxes in fiat. It's known that the IRS uses the services provided by Chainalysis, so expect them to utilize what they pay for. People might think Bitcoin's "anonymity" will help them remain unnoticed, but that's obviously not the case.
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I do not believe it so, I think it will be either $100k or it will be $10. Either it will be the biggest thing since computers and it will be so high that anyone who has invested right now will be millionaires with some billionaires in altcoins as well or it will be destroyed and non existent. In either case there is no "staying same" for bitcoin.
This isn't 2012/2013 anymore where there are two options to choose from. It's clear that we are heading upwards without there being much to stop this progress. Most of the financial instruments are being built around Bitcoin, LN is constantly growing, more of the traditional elite are willing to convert at least 1% of their worth to Bitcoin, etc. The weakest aspect of this industry are the exchanges themselves, and then mainly how shady and unprofessional they are. As time goes by, wall street level of exchanges will pop up, and that's when you effectively counter the lack of liquidity, and thus the severe price movements we experience right now. Even if you say it will either be worth $100,000 or an amount closer to $0, doesn't that make a $4000 initial investment a great entry point in terms of risk>reward? Your risk is $4000 but your reward is x25 if you hold through.
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I don't know if it'll work but its worth the try to link your forum threads when you contact them because public image is really important for companies, it could make them feel alarmed. I hope you can get your money soon!
I think this is a pretty effective action moving forward. It's the first time I see someone having problems like this with Binance, and I am sure they want to do as much as they can to preserve their almost 'spotless' reputation in the industry. It's of course not a guarantee that it will help, but it's better than not doing it. I'm sure that if everything checks out and you can prove that the funds are not related to criminal acitivity at all (if that's what Binance's concern is), then the odds of seeing your funds back are pretty high.
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This same old song again, looking for soe news peace which caused the crash. This is bull S***. Manipulation induced panic sell off.
Even if it is manipulation, it only hurts those who aren't prepared for this. If you're in a market like crypto, you have to accept that these things happen. Whether it's actual manipulation or panic sellers, always have fiat ready to throw in because it will play out in your advantage, long term speaking. I see manipulation as someone else doing the work for me, because what they do to buy lower is also something that allows me to buy lower. In the process they shake out idiots only here to dump on the way up. People who are here for quick bucks complain these drops, while those who are here for Bitcoin and its fundamentals buy more.
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it is easy to be positive when you hold 40.000 coins
I don't think there is much of a difference between Tim and genuinely bullish people with less financial resources. In the end, we all invest what we think is appropriate according to our net worth. In Tim's case it's plenty of millions back in the days, and for most people it's thousands. The percentage in allocated funds should be very similar. I like Tim a lot, he's not using all sorts of weird and difficult to understand statements the regular folks can't figure out what they mean. He talks like you and me. He is like you and me. He went through a bear market eating through so much of his initial investment, that I can remember people making fun of him. Who's laughing now?
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And remember that many analysts got it wrong. Tone Vays said $7500 best case scenario for 2017, so we are going to once again see a new ATH that blows everyone's minds and most people will sell way too early.
Analysts are lazy ass parasites. Tone Vays isn't much different. They keep guessing till they are right, oh boy, what was Tone happy with his $5000 prediction this month. Because of how the price just didn't want to drop below $6000 he was nearly at a point he would adjust his prediction upwards, and now acts like he said it would happen, lol. I am pretty certain that the next bull run might peak out above $1 trillion in market cap for Bitcoin. That being said, we all know that reaching crazy price levels isn't a problem for Bitcoin, supporting them is. If it tanks with 80-90% again, that would be quite something. I'm not sure how many more times Bitcoin can pull off something like that, because eventually it should be able to mature in that regard.
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It's easy to state the obvious with how $3000 isn't only a level that has some weight to it, but the 200WMA hovers slightly above that level as well, providing more potential buy support.
I'm at a point I honestly don't care anymore, the market has turned into such a mess lately, that any further decrease won't be much of a difference/annoyance anymore. I'll just buy the market down, more can you not do.
Positive side is that the network managed to easily deal with the increase in traffic in the last couple of weeks. Without spam attacks network congestion isn't much of a problem at all. Fees increased marginally, still way below $0.05 for Segwit transactions.
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You should have sold all the coins very early, so the market crash has almost no loss for you
In a market you are likely to be a loser whatever you end up doing. I see a lot people now regret having held their coins instead of selling them, but that's nonsense talk after the price has gone down. What if you sold at $19,000 and the price kept going up to $50,000 by now? You would be dealing with the same form of disappointment. Losing money for most people is psychologically no different from losing out on potential profits by selling way too early. People's main problem is that they are too dependent on the money they invest in crypto. It's either borrowed, or their life savings. No wonder they feel horrible.
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Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?
Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market. If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.
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The best thing about Wright is he makes Roger Ver look like a nice, sane person.
The 'best' thing about Craig is how he is trashing XRP, which then triggers all the sensitive XRP fanboys to counter his arguments with loads of nonsense. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I have seen more of a social media war than an actual hash war. The only thing needed was a bucket full of pop corn and a cold drink. It was top notch entertainment. Roger Ver is a jerk as always, preaching economical freedom for everyone in form of fast, cheap, and reliable payments, yet chokes the crap out of the services he's heavily invested in just to not let coins such as Litecoin enjoy merchant support. Litecoin is BCash on steroids. That coin scares the crap out of him every single night.
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I usually observed that different wallet are generated anytime deposit is being make to those exchange. Are the wallet listed above the exchange internal reserve where there funds are kept?
The wallets exchanges generate for your deposits are basically throwaway addresses. In some cases an exchange doesn't allow you to manually change the deposit address, but in all cases, the coins you deposit will be moved out of that wallet after a couple of confirmations. Exchanges have an algorithm in place moving coins back and forth where most of them end up in hot wallets. Most of the addresses listed in OP are cold wallet addresses, which an exchange only utilizes to either allow market makers to cash out, or to fill up hot wallets when needed.
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Ukraine is not far away from me. They have reasonable price ! I'm waiting for panic people which will sell them mining stuff soon because of dropping BTC lol
It's not as bad as it looks. Most of the miners being sold right now are older models that just can't keep up with the newer generation miners anymore. I wish news outlets would point that out to inform people the way they should be informed, but unfortunately, they are out to sell drama rather than factual information, because drama sells, truth doesn't, or at least, not as much. Mining is extremely competitive, if you can't compete, you are out, and the miners who have all the resources needed to compete will take over your spot and make you feel like a loser even more. Everything looks bright during a bull run because almost everyone makes money. Now is the time the market will show its true nature, and those who are here for the right reasons will stay on board. The rest who came to bank on Bitcoin will go home with empty pockets.
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We can see it coming,without the expertise of George Soros.A man,who makes money from the financial chaos.
That actually interests me. People have been acting like they know something is brewing, especially in the last couple of years, but aside from the talk, there isn't much that people do to actually counter any potential risk coming from a crisis. It's like people are waiting for a confirmation first so they can act from that point, but that's not the smartest thing to do. You should start right now with lowering your exposure to a system people largely argree about that it will collapse at some point. Why do you think I have been stocking up on Bitcoin throughout the years? Bitcoin is the easiest way for me to actively counter the risks the regular system exposes me to, from within Europe itself, and the US. Imagine what happens when both the EU and the US start to implode simultaneously. Disaster guaranteed.
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There are just some things that are not clear. Why did you send the money AFTER the fork, whereas the Bittrex statement said that only those who deposited a day before the fork would be granted the additional coins from the chain split? I mean, people don't receive the new coins if they do not possess the original one BEFORE the fork, right?
How is it not clear? He did the right thing by keeping his private keys to himself in the runup to the fork, and later send BCH to the exchange to either trade it or cash it out. OP's mistake here is that he underestimated the consequences of an exchange not caring about the lack of replay protection, either intentionally or unintentionally. It's once again a sign that people shouldn't be using an exchange as Bittrex. They hide themselves behind TOS they set up in advance, and there is seemingly nothing that can be done about it unfortunately. Stick to exchanges as Kraken and Binance, which seem to be the best hybrid exchanges in the game at this point.
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Do you think most of these people will even learn their lesson? It would seem that it's just going to happen again in the future, the thought of a free lunch seems to activate some primal greed in the brain that overrides all sense of logic and sensibility.
It depends. Getting burned and losing a lot money in the process is for people the most severe form of a punishment. If you are rewarded for your stupidity, you won't ever learn it's wrong because it's working well for you financially. Some might try it again without any understanding of what exactly happened previously, but that's more an indication of people needing professional help. Most OG's have had a rough start and lost a large chunk of their net worth in the process, but they actually used their negative initial experience here in their advantage by understanding what they did wrong.
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Senseless, Amazon is a marketplace and Cryptos are currencies. It's like comparing apple and laundry prices. There is nothing to be compared with both. I don't need the advice from a VC to understand it needs patience. If it took Amazon 8 years, it will take a lot more time for Bitcoin et al.
It's not really senseless. Back in the days it didn't matter what the stock was and its underlying revenue streams (i.e. the asset itself was irrelevant), the upwards potential during the dot com boom was what investors bought into, and the same pretty much applies to crypto. In both cases the usability of the product is what makes it become valuable, and Amazon's roadmap lead to the success it currently enjoys. Bitcoin is quite similar, because it has a product to offer, and the more scalable it becomes, the more use it will be able to welcome. The more use it enjoys, the more valuable it becomes, it's basic economics. The only thing is that we don't know how long it will take to reach previous all time high again. It's no longer an easy target because of where we are today. Going from $150 to $1150 is peanuts in comparison to go from $3000 to $20,000. The amount of money needed to sustain +$10,000 levels is insane.
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It has kind of happened already in Switzerland so it's just a matter of time before in happens in the U.S and other countries. It's a shame that this dump happened now as the stability at $6500 was looking really good for helping to get that elusive ETF
The ETF that was approved in Switzerland is a horrible financial instrument. Rule nr 1; don't ever mix up Bitcoin with other shitcoins, which is what Coinbase did as well, and it failed hard with its institutional focused index fund. Their current fund allows you to get rid of coins you don't want, and the entry amount is peanuts, which is a step in the right direction. We already knew her standpoint in the whole ETF situation, and it didn't help at all, nor will it help in the future. You know what the real problem here is? People's continuous focus on events, where an ETF is somewhat of the highest possible achievement for an asset. After people sold the news, sold the rally that may or may not follow afterwards, what's left to focus on? Use is what matters, not these silly events that have an expiry date in terms of market impact.
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Right now, the volume is so low that there is absolutely no need for LN at all. The price is dropping as fast as a secreteriat breed and all transactions are quite fast already.
Absolutely no need for LN? We need it more than ever before to keep gaining adoption. LN will offer people a user experience that's fast and super cheap, and that consistently, day in day out, which is something the main chain won't ever be able to offer. It's Bitcoin's killer application, come on. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Hence, people already forgot about the works done on lightning network since the need for it is not there yet. If (hopefully) one day the price goes up again and the volume sky rockets and the transactions get stuck and the fee's gets high, we can start talking about it again.
People who 'forgot' about LN aren't here for Bitcoin's utility, but purely to speculate on the price. People who focus on use, and Bitcoin becoming money for the mass don't do anything other than keeping an eye on what LN's progress is. https://www.bitrefill.com/ is one of the most popular sites accepting LN, and it works like charm. I used it a couple of times to buy PlayStore credit.
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The market is yet to reach the bottom price but the first thing you to do is believe the market will come back to it glorious days because it will, dont sell at lost price hold your previous coins, quit trading while you invest/accumulate more coins and never invest more than you can afford.
You can clearly see that OP isn't here for Bitcoin's tech, so tell me, what's there to believe in for him? In markets there is a saying; some times doing nothing is the best option. In other words, find yourself something else to focus on. Try utilize your time in the best possible manner, because sitting here being frustrated about the price is an utter waste of time, because you'll be doing the same thing for months straight. The price won't miraculously rocket up to $10,000 any time soon. Perhaps it will make OP feel better if he reads himself into Bitcoin. If you have a better understanding of the protocol, it could offer some mental rest, wich is something more people can use right now.
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