Some people are indoctrinated to think in a certain way, which doesn't surprise me at all.  

In order for them to be convinced of Bitcoin's usefulness and power, we'll need to go through a crisis similar to what happened during the credit bubble, or even better, a large to semi large fiat currency needs to collapse entirely. People only know that what they support right now is wrong, is to have it pop in their face and make them lose that what they have been working for their entire life.

Average joes don't care much about the loss in purchasing power they experience year after year, they accepted that it's part of life, almost like paying tax. It's not for nothing that the gap between the rich and poor is only growing larger; smart money makes money because it understands the flaws of the system, dumb money loses money because it ignores these flaws.

Gold is one of the most liquid and developed markets in the world, of course it's stable/stagnant. Bitcoin is no match for Gold in that regard, where on top of that, it's an asset that has been around for thousands of years versus an asset that has been here just for a decade. Bitcoin needs time. It will be up there eventually.

If you think in Satoshis, there is plenty of juice for everyone using Bitcoin, regardless of the price. Isn't it cool to have money that increases in value instead of fiat that keeps losing value?

Feels good to see continuous progress on that front, especially when you take into consideration how poisonous miners can be.

Bitmain's attempt to point their miners from Bitcoin to BTrash caused Bitcoin's block times to slow down like 15%, and it's not nearly over, which affects pretty much every user and service. On a good note, this might actually speed up LN adoption because businesses are more likely to switch when they see no other option, and they are slowly but surely being pushed in a tight corner now.

LN deserves way more coverage, but that's not interesting enough for silly news outlets only out to cover negativity. 

Technically speaking, the price may look like it's in oversold territory, but it's really not.

We're 13 hours away from what looks like a 7% decline in difficulty due to the scumbags pointing their miners to protect their shitty Bitmain coin. If the price remained over $6000 miners would have had all the incentive they needed to dump on the market, which they refrained from doing for quite a long period of time. $5000-$5500 is likely the new $6000-$6500 range.

People kept complaining $6000 is low bla bla, and look what they got now, even lower prices. Be happy for once with what the market offers you.

You know what that is called? It's called volume manupulation. It motivates people to create fake trades just to scoop up some pocket change, while Bithumb itself continues to climb the volume ladder on sites such as CMC. I don't recommend anyone to use forgeign exchanges, especially with how their support desk sucks, and mostly doesn't have native English staff on board.

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Binance is the place to be for every person just looking to trade some altcoins without being bugged by verification requests, plus they have very decent withdrawal limits, which other exchanges can't match. Look no further.

It's close to impossible to sue them for trash talking Bitcoin, because if that would be possible, a whole lot of Bitcoiners could just as easily be sued for trash talking altcoins.

Ver can be sued for how he mislead people thinking they were buying Bitcoin through his bitcoin dot com platform, while in reality they were buying BCash. The only thing here is that you have to prove it was him deliberately scamming people, because he'll do everything he can to make it seem like it was a front end error on their side.

As much as I would love to see it happen, they won't be doing anything like that. BTC is needed to pump their own coin prices, and BTC is needed in their portfolio in case their own silly coins eventually fail. Roger "truly" believes BCash will surpass Bitcoin, but refrains from selling his holdings. Tells you enough.  

It could very well be, but in some cases hackers aren't much different from average joes thinking that Bitcoin is an anonymous currency that can't be traced.

I remember how even drug dealers were traced and arrested because they sold the coins to a local exchanging service they were fully verified at. It's almost impossible for us to understand how stupid people can be, but some of them really think they are safe because of Bitcoin's "anonymous" nature.

It's not 2013 anymore. Most exchanges allow people to buy a wide variety of coins just as easily as they can buy Bitcoin, where people can simply use the address provided by the criminals to have the funds sent to.

The positive side of the fork is that people who didn't bother to claim their BCH, have now more incentive to do so.

BCash destroyed coin days activity is going through the roof right now, which means that people are waking up coins that otherwise would have kept sleeping for years? In other words, there will be more BCH in circulation than ever before, and there will be more BCHSV in circulation than ever before. More supply + less demand = low price. These dudes are shooting themselves in the foot with this.

Let people sell Bitcoin down as far as they can, I'll happily take over their coins, and I'm sure there are lots of more hungry Bitcoiners happy to get rid of weak hands.

Perhaps a good idea to fact check what you read? Bitcoin's hashrate didn't drop at all, it just fluctuated as it has been doing for a while now;

https://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart

It was BCash hashrate that dropped significantly as seen here in this chart;

https://www.coinwarz.com/network-hashrate-charts/bitcoincash-network-hashrate-chart

People give CSW too much credit for all his deeds, while the main contributor, especially in financial terms, is an asshole named Calvin Ayre. Don't fear those who are barking in front of your face, fear those who lay low and let their sockpuppets do the dirty work.

Positive aspect of the price fall is that when Bakkt is allowed to push its futures market live, there'll be a heck lot more demand now.

Wish I was given a buck each time someone uses the term expert falsely. So many experts, so little sense.

What confusion? I think it's more so that people don't know what to blame for the decrease in price. People are always out to connect dots, and what's the easiest event to blame for the price fall? That's of course the BCash internal warfare. Not that long ago Goldman Sachs postponing their trading desk news was believed the have caused the previous price fall.

It was debunked shortly after when Goldman Sachs said that it was fake news, but the price didn't recover. In other words, that was not the cause.

Bitcoin is meant to function as a currency, the store of value aspect is just an extension of that.

People using Bitcoin don't mind paying the necessary fees to get next block confirmations, and even yesterday with the transaction peak due to the dump, the fees were still well under $0.10 for Segwit transactions. People happily use PayPal to pay like $5-$10-$100 in fees and don't say a word, but when Bitcoin's fee rise a tiny bit (still way under $0.50 for legacy transactions) it's suddenly a big deal?

By the time LN is mature enough to function as proper mass layer for payments, altcoins will serve solely as speculative tool. What's better than Bitcoin + instant payments?

You act like you know it all, if so, why didn't you short the market prior to all this? It's very easy talking after an event, because that's when the so called "experts" of Bitcointalk pop up ready to let the world know what happened. Why can't people not just admit that they don't know what happened, is it that difficult?

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There is always volatility in the hashrate due to all sorts of variables, and that's normal. Litecoin for example bounces up and down hard, which makes Bitcoin's fluctuations look like way less of a thing. Litecoin has been bouncing between 200-300TH consistently in the last months. Be happy that you aren't a miner, we can chill out and buy our coins directly from the market.

The real loser in terms of hashrate is BCash, they went from 6000PH to 4000PH, and that while the fighting sides need all the hashrate they can obtain to win their battle.

That's the whole point, people don't bite, they just talk. I remember back when we were hovering around the $15,000 level how people were almost begging for the price to dip below $10,000 so they could buy, and when it finally happens they pull back. People don't have the balls to buy when the market goes down, because they believe it can go down way further. They are afraid.

Not sure what caused this dump, and I don't even care to be honest, but I'm glad that I managed to buy a good number of sub $5500 coins yesterday.

It may sound harsh, but newbies unloading their coins is the best that could happen and even speed up the process of recovery.

These shakeoffs is how market movers get rid of potential selling pressure, and it works time on time again. Smart money buys, dumb money sells. By the time the price starts pumping again it will be vice versa; smart money sells, dumb money buys. It's a never ending cycle. You got to love this market.

Bitcoin between $6000-$7000 was a good buy already, current levels are an absolute steal. Don't go all in though, make sure you buy smaller fractions per time, because we might see the price drop even further.

It's just a smokescreen attempt to make him appear less relevant because of their IPO filling. Bitmain's extreme bias towards BCash might turn out to be a problem, and then mainly Jihan with how he is the public face of Bitmain, and this could very well be a convenient way to tackle any potential doubts on the side of the regulators.

Don't forget that Jihan has to ask for board approval to use Bitmain resources to stock up on BCash, and that approval was given to him more than once if you look at their accumulation history. In other words, this is just standard media circus.

1.2% per day not high? It's almost 440% on a yearly basis, which should instantly trigger alarm bells.

HYIP's are scams. If you participate in them, regardless of the fact that you accept to potentially lose money, you are just as shady, because you are financially incentivizing these scams to continue.

If you want to expose yourself to risks and potentially a big reward, and accept the risk of potentially losing your initial sum, use a tiny bit of your funds to open a leverage position and speculate on a rise or decline, much better than filling up the pockets of scammers. The difference is that with HYIP's the odds of losing are like 99% while speculating on the price is a 50/50 matter. Much better deal, no?

People just leave their coins sitting in their account there and not look back until their price alarm app notifies them when prices have gone up or down a lot.

It comes down to idiots on social media calling themselves crypto influencers, where they openly recommend people to use an exchange they trust for coin storage. In other words, ignorance because they have been wrongly informed, and that's why these fake ass crypto influencers are a pest to this ecosystem.

Exchanges must be feasting on these idiots, especially when it concerns POS coins that people have sitting in their accounts for ages.

Manipulation in Bitcoin isn't as bad as it used to be. The benefit of a well distrubited market where we have plenty of large exchanges with their own market makers is that whales have to compete with other whales. Every attempt to steer the market in a different direction can be nullified pretty easily by other whales, which we have seen happen not that long ago.

In other words, whales have to carefully calculate every one of their trades, because there are always bigger whales with different plans.

Volatility on the other hand isn't that much of a negative feature, especially when you take into consideration that volatility attracts liquidity. Stocks lacking volatility hand out dividends to attract liquidity, Bitcoin does it with volatility.

Eventually, BitPay will get rid of itself.

Soon payment processors will market themselves as LN friendly, and very likely allow merchants to offer some discounts as well, because they no longer are tied to on-chain fees. Every non LN payment processor has the choice to either follow the technology, or stay behind for ever, and I'm certain that BitPay is busy destroying that what took them many years to build up.

The best way for merchants to avoid nasty politics games is to use BTCPay. It takes some time to set it up, but that's only the initial process. Once everything is set up it won't take more of their time than accepting Bitcoin through one of the centralized payment processors.

It also comes down to how willing people are to expose themselves to risks, which means that the younger generation by default is the main group to steer usage and development of new technologies, which Bitcoin is one of. What do we have to lose? If we wipe out our entire savings taking too much risk, we can start over, but that doesn't go up for the older generation, because their money gone means it's likely gone for ever.

One thing I do have to point out is that we shouldn't underestimate the traditional financial system. For the first ever time financial institutions feel the need to change the way they work, all to not let crypto currencies leave them behind which eventually may cause them to lose market share.

I noticed myself how they improved their payment infrastructure, banking applications, etc. Everywhere I go I can pay in an instant, for free, enjoy buyers protection and insurance, and in some cases I'm being rewarded points as well, which I can later exchange for discounts in tens of thousands of online or brick and mortar stores. The competition is tough, very much so.