the altcoins are still getting pumped and dumped. I'd say they are still pretty alive and even kicking at the moment. you just forgot that there is also a second step called "dumping" to each "pump" that altcoins have. and now you are surprised by seeing it. this is a good reminder though. may we all remember it pretty good.


it will dump for now but the dump also means these markets are being corrected and are getting out of their bubbles. it is a good idea to sell now and wait for a new dawn in altcoin market. get ready with as much money as you can for the next series of pumps that will follow right after the dumping days were over.

this current price and the way price is rising is making me very sad because it is the constant reminder that I can buy less and less amount of bitcoin and have less and less share in this scare currency.

I can't invest a million dollar today. but I can invest $100 a month put aside from my salary after the expenses (just an example). and this $100 once bought 0.5BTC and I did buy that much some day. and not it is buying 0.0067BTC and last month it was 0.0125BTC. that means my buying power is diminishing as bitcoin rises. and I would welcome a drop. the bigger the better.

I say it will continue rising till the end of this week and from the next which is the second half of December too, the price will start slowing down and getting reversed and fall down. correction is like always about 5-10% but with all the fresh money that has been coming in and investing in bitcoin the number of weak hands has grown significantly too!
that means a bigger panic sell due to a couple of simple FUD. and you know even the old ones would work on the newcomers. just using the classic "bitcoin is Ponzi scheme" can scare the peepee out of most of them
I'll be at my bank getting a loan and selling my house to buy that dip...

it is not crazy and it is not a bet.
it is crazy and a bet only if you don't understand bitcoin and never saw the potential in it. otherwise for those of us who saw the potential instead of reading the social media trolling attacks against bitcoin, you would have never thought of it as a bet and you would have invested even a small amount of money (like we did) and made a very good profit from it.

this is actually one of the reasons why bitcoin is rising with ultrasonic speed right now. it is because all those who were afraid and were staying away are not running in! and they will lose money pretty soon from the first correction shake out of weak hands.

you must sell right away and this has nothing to do with the price rising or falling. it is because you don't understand the market and you just want to get rich over night. there was a small correction of about 3% and you are calling it "drop for a while" and it only lasted 50 minutes not even a full hour! before the reversal and continued rise.

even a stop loss is much bigger than 3% drop.
if you want to panic for a drop at least wait for a bigger one like 10% at least before you start panic selling. and I think it just shows you have invested more than you can afford to lose.

exchanges are not the only way to buy bitcoin and using a bank and doing a wire transfer is not the only way of transferring money.
there are a lot of ways, one of which you mentioned yourself. accepting bitcoin as payment. it can be for selling something, offering some service or simply receiving your salary or part of salary in bitcoin. these are the ways you acquire cash, aren't they? so why not use them for bitcoin too.

as I said you can use other methods, the P2P methods to buy bitcoin. buy from someone around you.
I have someone that I always buy bitcoin from. I send a money transfer (I don't know what it is called in English, the banking system in my country is different) for free and with no delay and I receive bitcoin in return. the rate is not bad either. it is a little higher than market value which is negligible.


LOL, sounds more like another excuse to raise some funds and get rich.

it will simply come down to demand. you may think additional pairs are good and all the explanation that you placed here may very well be 100% true. but the question that you should be asking is that do others really want other pairs?

for example if you look at some of these markets apart from X-BTC like X-LTC, X-FTC, X-Doge, X-ETH (x is the altcoin name) you can see that these markets don't really have that much volume which shows people are not really that interested in them.

and when people don't use them, there is not enough incentive for the exchanges to add additional pairs.

p.s. altcoins getting dumped will still happen even if there were other markets.

the price doesn't really change much to be honest.
it is a good idea to sell some bitcoin now that it is this high if you have bought it a month ago at any price below $10,000 mark and secure some amount of profit and have some money ready in case of a correction or a bigger drop to be able to buy the dip. you don't have to go overboard with it either.

as for trading, altcoins are still getting pumped, some of them getting pumped big time still. and that is a good sign for traders. but again the price of bitcoin doesn't change that, they were being pumped before and now they are the same. if you were trading before you are still trading! and making same amount of profit.

is there any official announcement for these recent bitcoin forks? I checked the previous 2 pages and I didn't see anyone talking about them.

these days it seems like there are going to be a lot of forks. at least 5 forks are scheduled for December starting with 15th of Dec! and it would be great if we  could get these coins for the balance that we keep on freebitco.in otherwise we would have to keep withdrawing before the snapshot is taken and deposit back.
and if I am not mistaken at least 1 snapshot was taken after bitcoin gold one. it was called "bitcoin Liza". all I know is that Yobit credited their users' accounts with the tokens which they are trading.

maybe!
the $10,000 price proved to be a nice resistance last time it was tested and price dropped below it. and it acts as a psychological price level where people choose to buy below it and sell above it. something similar to $1000.
but nothing is certain with bitcoin, it can change just as fast if the newbie panics start. and right now market is growing too fast and it is filling with so many newbies who are not familiar with bitcoin swings and many will not be able to comprehend a 20% drop is perfectly normal and that can lead to a bigger drop when they panic.

I have the same feeling.
I actually justified the rise so far as $10,000 with all the adoption, all these stupid US futures markets,... but to break $12,000 and not even stop there is starting to look really weird to me too, and I am always a bull when it comes to bitcoin.

there currently are so many people who became so much richer because of bitcoin and there are so many people that became so much poorer because of bitcoin. there really is no words to say about either one of these two groups of people.
everyone gets what they try for. those who put in some effort in educating themselves instead of listening to random FUD on the internet are the ones who are always going to be successful and those who are lazy and want to become billionaires overnight but instead of using their brains they choose to listen to FUD and what the "social media trolls" tell them, lose money and I say they deserve it.

why are you complicating it for yourself?!!

you have X and you have Y, you sell X for Y and pay some fee. X is sometimes worth 100*Y and sometimes it goes up and it is worth 120*Y and sometimes it goes down and it is worth 90*Y.

X can be bitcoin and Y can be USDT or USD or CNY or JPY or ....

to trade you buy when X with the Y you have while the price is still low and sell at a high enough price to cover the fees you paid and also make a profit.

try not to get confused about what USDT is and what it should be worth. if you receive 9975 USDT after a million years you will still have 9975 USDT. what is not guaranteed is the value of USDT which is 1 dollar most of the times but it may drop or it may even go to 0.

sorry to disappoint you but it is not better. bittrex is more like a disaster waiting to happen. something like Cryptsy where people kept saying stay away from it and many didn't listen and finally they ran away with a lot of money.

the only thing "better" than all of the existing altcoin exchanges are the decentralized exchanges. unfortunately they seem to not be as famous as they should be, but there is a lot of potential there. and there are features such as Atomic Swap which will be soon added to these decentralized exchanges which will make them a serious competitor for bittrex and the rest of them.

I wouldn't call 90% of them "speculation" because they are obvious FUD from either some butthurt people or some idiot who is trying to short bitcoin and make some money from its drop. that is why there are so many so hot about talking about the "Crash".

but I agree with what you said, with all the things that are going on these days, it is not possible to see a crash like what they are predicting.
but at the same time I say a big drop is also possible. but it is not because bitcoin is in a bubble or anything remotely like that but if a big drop or crash happened it would be because of panic sellers and existence of lots of newbies who don't know they are selling to a buy wall that a whale placed there for them.


you meant to say China not Japan

there is a big difference between real market share of some country and what they report. in case of China it was clearly fake volume that they were reporting. you can not compare mostly fake numbers with normal numbers with possibility of some fake reports in them.
you can clearly see when PBoC started looking into these exchanges they immediately stopped reporting fake volumes and their stats became like any other exchange out there!

no it did not drop 10-15. it dropped back to real levels, something around 80-90% drop.

here is a funny chart:
this is the bitcoin trading volume for the past 2 years. wait for it.... without Chinese exchanges.



now the same period with Chinese exchanges:


you can see they had 0 effect on bitcoin and you can clearly see how it was all fake! of course the 0 fee for trading helped a lot too.


I don't know, you saw those articles not me

50% drop is not called a correction. it is called a massive dump and will most probably have some sort of HUGE FUD with it at the same time. otherwise there is no way a 50% drop can happen with everything that is going on about bitcoin these days.

all these years people were saying where is the mainstream adoption, and now that it is here you are in denial thinking price should fall just because you don't understand the rise.

pump and dump doesn't apply here. please read the meaning of the terms you are using before using them: https://en.wikipedia.org/wiki/Pump_and_dump

and there is no reason for what you said here. no indication of it. there is more of rumor about price falling in the weekends but in fact it is always a coincidence because bitcoin market is not like stocks market, it is both global and also 24/7 market. people may even trade it more in the weekends since nobody has anything to do and bitcoin trading is like a second job for many!

it may be that bitcoin is showing some faint signs of a bubble, and have some characteristics that are very similar to a bubble but none of these things will make bitcoin a bubble.
specially when people use some kind of arbitrary analysis on bitcoin charts and they say it based on its price and history or when they compare bitcoin with some other very unrelated thing and say since that was a bubble this is also!!

price may even fall, but that still won't make bitcoin a bubble. it will be the "fear of the bubble" and I consider it a very different notion.

in fact I dare say anyone who calls bitcoin a bubble doesn't understand how valuable it is. the intrinsic value of bitcoin is at least 10 times the current price but some people don't yet see it. we call them weak hands.

I don't know about anybody else and any other countries, but where I live and based on my experience for selling and also buying bitcoin a couple of times from these people, two things help them make profit.

first one is the obvious spread they have between the buying and selling price. it is big enough to cover most fees and give them a big profit. you can see it on localbitcoins.

second thing is the low banking fees. there are ways you can make a money transfer with 0 fees but about 3 hours delay. and there are ways to transfer money between accounts by physically going to the bank with 0 fee no delay. and there are ways for transferring money through an ATM only paying $0.12 with no delay. they use one of these methods and save up a lot.