Exactly. People themselves don't care one single bit about Bitcoin's energy consumption, because they use it how it benefits them. If something is useful, the 'negative' aspect associated with that suddenly doesn't matter anymore, and this goes up for Google's (and basically other large tech companies) insane datacenters as well. Do people care how much their datacenters consume in energy? Nope, because people use their services.

Those who complain about Bitcoin's energy consumtion are bitter individuals not seeing the value in Bitcoin. In other words, no coiner trash talk. These people were trash talking datacenters back in the early internet age as well. Give it time; no coiners will become addicted Bitcoiners eventually, and they'll shut up about Bitcoin's energy consumption.

It's very similar, but that also applies to plenty of other assets after a bull run. If you look at various tech stocks for example, and then mainly their activity during and after the dot com bubble, you'll see how similar the charts look.

People keep focusing on the SEC for an ETF approval, but with how the demand for Bitcoin is coming mainly from Asia, and how the market in general there is further in development than the western market, there are chances that we'll be seeing an Asian ETF well before we finally see the SEC make up its mind. People need to figure out that there is more in the world than just the US.

Bakkt is great tool to measure institutional interest in the underlying asset, so let's wait for their market to go live first. If the demand is there, they'll bite. If there is little to no demand we'll know as well.

Literally no one knows what's going to happen aside from those who pull the strings behind the scenes. Everyone else is acting all smart while they don't know shit. We're all guessing based on the most recent sentiment and adjust our predictions afterwards when things don't connect. Price up means people expect it to go up further. Price down means people expect it to go down further.

People last year got a confidence boost with how the price kept going up what seemed to be for ever. Everyone suddenly became an expert because hey, they predicted the price to go up, which it did for months straight. The correction that followed afterwards came out of nothing for them, because they aren't used to seeing something like that happen because they were programmed to believe that the price could only go up.

Are you sure that you're a trader and it is your job as you say? I find it hard to believe that someone who does trading for a living is asking these questions.

You could at least start to explore this market yourself. Trading here comes with more risks in general, but you can apply that what you know already to crypto as well, and from there figure out what this market is about. I'm pretty certain that most people here won't be able to recommend you anything other than buy low sell high, or to use a bot, or to accumulate while the prices are still 'low'.

It depends.

Going after those behind these DEX's is only the first step. Step two might very well be that authorities go after Vitalik & Co (obviously assuming they run on top of Ethereum). It doesn't really help that Vitalik admitted this year that he would write a hardfork if he was forced to do so.

I strongly believe that we haven't even remotely seen the true nature of authorities when it comes to enforcing their age old laws, which is exactly why I am glad that none of this garbage is running on top of Bitcoin. The less you start messing around with authorities, the less you have to worry about.

The only viable DEX is that with second layers we all have the ability to be an exchange ourselves, and that with just our wallet clients. We'll be there eventually.

Nothing in the world is completely decentralized, and never will be. Bitcoin is the closest to that what resembles decentralization. If you look at all the battles we went through, Bitcoin has proven to remain Bitcoin regardless of how much shit was thrown at it. BCash is the end product of a failed attempt to take over Bitcoin, which should tell you how strong it is.

Great part about crypto is that toxic elements fork off eventually. BTC>BCH>BCHsv.

Money will continue to transform, store of value not per se. Gold, while it may not have served up to its task as store of value lately, is still a store of value, and Bitcoin is the digital equivalent.

We're working towards a global form of 'consensus' in the crypto world where even those who don't want anything to do with Bitcoin, still want to own a small piece of it because it's Bitcoin. It's even reaching outside the crypto world where wealthy individuals are slowly starting to convert 0.5-1% of their net worth to Bitcoin. It's stupid to not own Bitcoin.

It's a local ruling, which won't do much other than offering hope to people for a wider level adoption of similar thought.

China has different parts where crypto exchanges are blacklisted and thus not accessible through the clear net, but there are other parts where people can freely access every exchange without any problems. Some of these exchanges even allow Chinese registrants, while others want nothing to do with them.

I always thought there was just one main government body ruling the whole country, but apparently there are more goverment bodies with enough 'freedom' to walk a different path locally.

I love it. The longer people, especially so called experts, don't know what this shit is about, we'll be able to buy our coins at reasonable enough prices for many more years to come.

If everyone understood what Bitcoin was, and we all turned into hodlers, the price would have gone way past $100,000 already to never fall back down again.

Amazon's stock price during the internet bubble peaked at $107 to fall below $7 not long after that. That's a 93% correction. It was purely end of the craze around that time that resulted in the price of that stock to tank, and that while Amazon itself was doing better than ever before. Look at Amazon right now, it's one of the world's largest companies. Utility won here, so will utility win with Bitcoin.

Probably a last resort plan to counter the significant loss in popularity that they suffered, because they are going backwards real hard. Hope they'll get the boost they want and need.

PurseIO is the best platform offering pretty significant discounts on almost everything you can purchase on Amazon, Flubit has a long way to go to match that. The only downside of these platforms is that the higher the discount is, the longer it will take for your product to be delivered, but that's not their fault since it all comes down to the Amazon earners to pick up your order.

Despite PurseIO being biased towards BCash, it's a fantastic way to spend your Bitcoins with discounts up to 30%.

It's because people who haven't ever dealt with the responsibility that comes with managing a service like an exchange, and also the insane amounts of funds that come with it, don't know how to run a successful business. What happens when you try to run a random multi million dollar business? It will fail eventually because you lack the knowledge and the experience to run it properly.

On top of that, the operators of most of the exchanges you listed became so greedy, that they turned into thieves to rob their own users. No wonder exchanges keep failing. Incompetence + criminal operators isn't a viable combination to run any sort of business, because eventually they will implode.

75% of the current exchanges are ticking time bombs.

The last time I cashed out Bitcoin to fiat was back in 2015 and I don't plan to ever do it again.

Fiat profits aren't gains, BTC profits are gains, and that's the only thing I'm focusing on. I'm glad that we still have a platform as Bitmex that doesn't bang on our heads asking for documents and whatnot, but the question is; how long have we left before they go full KYC/AML too? I'm sure that time will come eventually.

Bitcoin is money, it should be either kept or spent. If you're a believer don't convert Gold to Copper, it makes no sense unless there is an emergent situation in your life forcing you to do so.

That's what I thought as well, initially, but it may very well be that he's pushing an agenda rather than providing you with useful information. Don't forget that he and a few affiliated parties own hundreds of millions worth of crypto. They have enough financial resources to shake up the market if they want, but they rather choose to walk a different path.

I'm more inclided to say that if he tells you to go right, go left. In other words, do the opposite of what he and others with similar interests and incentives want you to believe.

The Tom Lee's of this world are the real clowns. They have nothing but a few data metrics to focus on. They don't put their money where their mouth is.

It might, but it's just not likely. If we follow the hashrate, it's clear that its growth has very likely reached a stage at which it will stabilize instead of grow further, which means that the cost to produce isn't worth putting more machines to work anymore. If we also take into consideration that the demand for Bitcoin in the OTC market is growing, where miners are the main suppliers of supply, there isn't all that much selling pressure on the spot market right now.

The only way for the price to tank below support is to have a couple of large traders lose their patience and dump it down, where bots usually follow and exaggerate the selling.

Another thing is that Tether has printed 800 million USDT today, which is quite bullish on its own. https://coinmarketcap.com/currencies/tether/#charts

It works like this basically;

- coin pays the fee to Hitbtc.
- coin has to generate x volume per month or whatever other time frame.
- coins who can't meet the volume requirements are forced to pay a fee to keep their listing, if they refuse payment, gone they are.

I am pretty sure that all the details are communicated as clearly as they can be between the coin and Hitbtc itself. The only point of annoyance is that the users are the real victims here as always. The only way to not get sucked into these practices is to avoid using shitcoins as much as possible.

The advantage of a flat market is that people will not be upset for having spent coins that increase significantly in value afterwards. In other words, they have all the time they need to restock their coins around the same levels. That's what I am going to do as well. The more we spend the more merchants are willing to go all out during the next holiday sale events.

Just show them that we actually do use Bitcoin as money, because that's the main motivator for merchants to take Bitcoin seriously. CoinGate allows around 4000 merchants to accept LN payments, so you may give them some love too.

It won't happen. Bitcoin isn't BCash where the far majority of the nodes are operated by just a few players licking each other's ass.

It's already near impossible to get the majority to upgrade to the most recent core versions, let alone have people line up to upgrade simultaneously. The risks by far aren't worth the 'gain' we would see kick in. Bitcoin has proven that users aiming for quality and security are willing to pay higher fees to obtain a spot in the next block.

On top of that, there isn't even a need to increase the blocksize with how we still aren't dealing with non stop full blocks. The backlog that forms during intensive day time usage hours is taken care of during the night. Fees are currently less than a penny. Even if the fees do a x100 it's still a dollar.

The main obstacle are the shitty clients not being able to properly calculate fees. They significantly inflate fees when the mempool fills up, which is unnecessary.

It's a smart marketing trick from their side. If people verify themselves there, it's way more likely for these people to start pumping fiat into their service, because those who aren't verified will likely never deal with their exchange service, and thus it won't generate Blockchain any revenue/profit. People have to look through all this.

On top of that, I would never ever stimulate anyone to use a service working against Bitcoin. Blockchain is a parastitic infection with how Roger Ver is doing everything he can to not allow that service to use Segwit. Don't reward these bastards.

It all depends on the sentiment of the market. During a bull run everything of positive nature functions as fuel for the price to be bought up further, which we saw last year. In the same way, the correction afterwards was followed up with tons of bearish tinted news, which accelerated the process of bottoming out. Currently we're at a state where both good and bad news don't have any sort of effect at all.

Just wait for it, once the price starts bubbling up again, the news that pops up after that will steer the market to even higher levels, which is how it has been for years. This market hasn't matured. It looks like that because of how we're left with smart money now, but that will change when the lunatics of the world enter the market again when we go up.

Nearly every top tier crypto has reached a point at which it bottomed out and can now be seen as a stable coin.

If you know how to leverage the smaller fluctuations, go for it, if not, then don't do anything and accept that the market isn't going anywhere. Is it really that bad to just hodl your coins? It's the safest option; trading a market that's barely tradable for most people only results in losses.

It's basically the same with the price; people only realize that stability around $6000 is good when the price tanks to $5000. That's the moment people will think, oh, $6000 wasn't all that bad.

Try to utilize the time that you have in a more productive way, because waiting for the price to go up is a waste of time.

That's just the media effect, because they only highlight that what's interesting for people to read. What they don't tell you is that hundreds of startups, ICO's, services focusing on gambling, mining, investments, etc, are settled there because of how friendly it is, and we can expect the flood to continue.

Malta doesn't make a big deal out of allowing unregulated services to settle themselves there, which explains why they became that popular.

Of course, but they can't compete with Malta when it comes to taxation. Malta offers a complete package the main countries in Europe just can't compete with. What happens is that the strongest and most compliant crypto businesses remain in their country of origin, while the weaker ones flow into Malta with large numbers. Tells you a lot about this space actually.