But it's meaningless. And it's doubtful it's taking away 'real' volume as very few of those traders would want to go anywhere near the real market. It'll be interesting to see what Bakkt's cash settled stuff gets up to. Perhaps the Bitcoin settled bit was just a way to get some major publicity before launching that.

I reckon people mix up the concepts of supply and production too often. There's always enough supply if the price is right. Mined coins are likely to be more available than existing coins but many people are sitting on those existing coins until temptation strikes.

I like the idea of sun on my anus. Am extremely sure it has never occurred in the entirety of my life. I expect something like a beautiful bouquet of flowers to spring from it and float away followed by my arse giving a sigh of ecstatic relief.

It only counts when there's demand. If there's little to no demand then nothing and no one can influence the price in a positive and decisive direction. When demand is really crap then any inflation at all is going to hurt the price. The coins keep on coming with fewer people willing to pay for them.

The halving means less inflation. There's deffo no deflation on the cards.

This one will be a biggie because the inflation will fall below 2% which is often the figure of a decently managed normal economy.

When you think of the absolute tidal wave of new coins that were arriving yet still the price had some powerful rises and how much better and bigger the platforms are now it could make for a powerful scenario.

Alongside waiting for a less rainy day, the prime reason no one spends it is because hardly anyone earns in it. If that ever changes then I would expect much more flow. It can be a right grind buying it and no one buys something to buy something else. If you have it arriving in your wallet every week that makes for a rather different mind set.

A bit pointless making price predictions but the concept of an enormous move seemed no more or less absurd than the last one or the one before that yet they happened. And price action was indifferent/dead leading up to and around the previous halvings too.

I don't really see why anyone's paying much attention to current prices unless they're leveraged to the hilt. It's all a bit of a nothing.

ANOTHER Korean hack? Do they all have DPRK agents embedded in them who siphon stuff off whenever the wallets are looking particularly healthy? My guess is that every exchange operator over there is permanently drunk.

I'd say one of the key reasons for bitcoin to get into five figures was China pissing off.

Their zero fee bucket shops ran the show back in the day despite the reality being no one there but their volume bots and a couple of spotty teens.

Is it not two sides of the same coin? Your money is becoming increasingly controlled and at the same time it's becoming increasingly worthless. If you add the two together it makes for an ugly future.

I've heard a few people voice the dystopian possibilities and I don't think they had much or any awareness of crypto.

I can't recall anyone who hasn't moaned about the truly pitiful savings options out there or the ever rising costs of living. Day to day convenience has upped but the fundamentals of what they're earning and saving in are shakier than they used to be.

Or maybe everyone on that board is a Russian or Filipino using Google translate.

They're a bunch of unhelpful gits keeping us in the dark. I remember ONE Chinese person from there popping into other areas attempting to explain things in the past and that was it.

Buck up, Chinese folks.

Control of course. An authoritarian country will never allow its population the option of escaping into a form of value they can't influence. Their next step will be a government crypto which will massively increase their abilities for surveillance, oppression and the ability to see how their economy is operating.

Aye. A lot of people get raped by them going haywire. They seem like a ticking time bomb to me. Loads of stuff has context and requires analysis. You're basically leaving your wallet open and at the mercy of a dumb algorithm.

In what universe does delegating the risk to another quasi anonymous third party on top of the quasi anonymous third party who's going to steal it from you lessen the risk? Look at the track record of these lending places. They're disgusting.

In recent times joints like Blockfi have turned up that at least lend to supposed traders rather than random internet crackheads but I still would never put a penny into them.

The president of the USA pays no taxes and calls himself 'smart' because of it. The world's largest corporations pay pitiful amounts but suck billions out of the countries they operate in.

The truly rich pay little to nothing in tax. The working stiffs subsidise them.

Full marks for your civic mindedness but that's not how you get ahead.

I think this is appalling advice.

I've lost count of the number of people here who've sold or waited to buy and have sat there like a lonely turd at sunset waiting for their 'entry price' that never came.

Hardly anyone has the discipline or luck to jump in and out at the right time. Better to be in it and expect to be up and down at certain points. In the long run you'll be vastly better off.

In an average year there are only a handful of days where Bitcoin explodes. The rest of the time it's doing nothing or falling. It may only be 5-10 days per year. If you're out of it during those days then that 49% figure turns into a big fat minus instead.

Looks like you've found 'the answer' so why are you wasting our time?

Of you go and use your 0.00000001 cent alt for all your daily needs. I hope it works out beautifully for you. You might rapidly feel a great sense of solitude but I urge you to stick to the path you've chosen.

I well remember Chinageddon in 2014. What amazed me about that was it was impossible to get any sense of what was actually going on. I don't think it ever arrived. There are however many tens or hundreds of thousands of Chinese users on this very forum and I don't recall any of the selfish pricks telling us a single thing.

I didn't know these 'local exchanges' existed. Or maybe they never did.

I did in 2013. It went fine. Then I got raped but not for much. My fault. I wouldn't do it again and Ebay do all they can to get rid of it and I can't blame them. There are lots of sellers on there who know how clueless people are and I remember prices of 10-100x more than the market price on there.

Loads of people never go any further than Ebay or Amazon and sellers know that. Anything hyped can go for way more than you get elsewhere and crypto is no exception.