somebody who joins the billion dollar market with $20 is not going to even put a dent in it. most of his money is going to be wasted on fees anyways. the problems is they have much more money that $20 because they don't know what risk taking means and there is a lot of them.

fortunately for us each drop that we had in the past 9 months kicked a lot of them out of the market and now we are no longer seeing any of them around.
as someone once said and i half agree with, right now the market is bots and day traders playing with each other.

things like this sound good in the news but in the end in my opinion, they do not matter at all because their target customer is extremely limited. for example in this case luxury cars already have limited customers and on top of it this is just one  dealer that is accepting bitcoin which limits it even further.

what we want is more adoption in places where average people have access to. like grocery stores, retailers, online shops,... for instance we need Amazon to start accepting bitcoin or instead (even better) we need Open Bazaar to be adopted more replacing Amazon.

if you define mainstream adoption as SEC approving an ETF for bitcoin and wallstreet wolves coming in bitcoin market and shit all over the market then i don't even want that "mainstream adoption" to happen. and trust me you don't want that to happen either. because a much more volatile market with a lot of manipulation would be the result of that and this kind of situation will postpone the real adoption which is merchant adoption and adoption as a currency.

you can't just come up with a number and say that's it . why not $5k? or why not $500k or $5 million?

stability is not something we can reach after reaching a certain price. stability is going to be reached when market reaches a maturity state where it is big enough that excited sell offs or buying frenzies can not shoot it up and down.
also that maturity state will be reached when the market has grown a lot so that there aren't waves of people coming in like last year when Coinbase was having 1 million new users per week! that part is the mass adoption.

bitcoin is already moving towards becoming mainstream. the revolution is not something that you can ever stop no matter who you are. whether you are the government or the banking system or any other powerful organization.  you can never go against a revolution and stop it. it will crush you under its hooves. the only thing they can do is to slow it down but eventually it will happen.
bitcoin being a global currency is a global revolution and those countries that have embraced it and adopted it in their mainstream are already 100 steps ahead.

that's the whole point of a censorship resistance currency and a free market. anybody who wishes can come get involved and own bitcoin and do with it whatever they like. from Satoshi and Hal Finney down to banksters like JP Morgan own bitcoin. and you can't prevent any of them without turning bitcoin into a centralized and censored currency.

at the end of it all it won't matter if they are parasites or angles! this is what it is. there is always some kind of balance in the market between what you call "parasites" and others such as "day trader parasites", "weak hand idiots", "manipulating whales", "wall street and bank evils" and "daily spending contributing others"!

and that balance will result in the price that you see at any time. complaining about existence of a group will accomplish nothing in my opinion. they will exist whether we complain about them or not.

lets start from ourselves. what have YOU done for bitcoin?
for instance i am running a full node and contribute to the decentralization of the network.

by the way this is not exactly news. it is very old thing known about the Indian government and banks looking into cryptocurrencies and they have always had plans to make their own centralized altcoin.
there currently are at least half a dozen countries in the world working on something similar and i only know of one (Venezuela) that has actually finished up the work apparently!

the effect of this may only be on similar centralized coins. for instance we may see XRP be abandoned as they move from one centralized coin to another bank created coin!

that website is terrible for fee estimation. they basically predict the best fee then add a percentage to it so they tell you a higher fee so that if you checked their site and chose a fee you would be 100% among the high paying fees (high priority). but that will also increase the competitive fee and that is not good for the network!

suggest either one of these two:
https://coinb.in/#fees
https://jochen-hoenicke.de/queue/#0,24h
they are better. the first one is even fun to use, people may learn a thing or two about transactions and how the size thing works.

well there are casinos that are nearly as old as bitcoin like PrimeDice so the business must be good for them that they could stay  around this long and still have lots of players.
basically i believe the nature of gambling and the fact that the house always wins will always be in favor of these casinos and on top of that bitcoin and using it to bet is so easy and addictive that they will always have players.

a new business however will not be as lucky because they market is already filled with gambling sites, specially dice sites. and the other games have not been as successful anyways. it is not impossible but it will require some extraordinary design and very competitive rates such as lower house edge. and finally lots of advertisement.

yeah, i am always saying that you have to make up your mind about what you are going to do in this market. you can't be both at the same time but try to be other. you need to dedicate your attention to a certain strategy. if you trade then be a trader and don't hold when there is a drop and if you are an investor then don't complain about each fluctuation.

it depends on the fall and the reason for the fall and finally depends on your strategy in the market,. for example as a trader you would do different things than as an investor.

if the fall is a small fall in bitcoin and it is a correction then there is nothing to do but buy more before the rise continues.
but if it is a big fall in bitcoin as a bigger correction then you may want to sell prior to the fall and buy back in the dip but only if you are a trader not an investor.

if it is an altcoin then you should sell when you see the first signs of any kind of fall because you will lose a lot of money if you get dumped on.

i have been hearing multiple cases of people trying to say the fact that the number of searches about bitcoin according to google has fallen then bitcoin must continue going down.
to these people i say your conclusion is like saying that because people are taking umbrellas outside it makes the skies come down with rain!

the fact is people are taking umbrellas out because it is raining not the other way around. similarly there is a lot of searches about bitcoin because its price has been shooting up. obviously everyone would be curious to see what the hell is this "thing" that was worth $7000-$9000 and now all of a sudden is worth $20000.

using it to explain "bubble" is even worse!

1Referee also pointed out a very note-worthy thing. the same people, specially CNBC has been calling bitcoin a bubble ever since it reached $1000. in fact there was similar charts being posted back then too. mostly it was comparison of 2017's $1000 with 2013's $1000-$1200 and they were all convinced that it is the same and bitcoin is in a bubble which will burst and price will go back to $200-$500

its more of a joke actually
last year they did the same thing too. they saw that there is a hype for bitcoin ETF going on and there was a small rise prior to the date when SEC was supposed to decide on Winkle-ETF so the ethereum advertising team decided they also want in on that hype so started the talk about ETH ETF! even the name sounds funny.

one of the reasons they are rejecting bitcoin's ETF is because they say there is manipulation in it, what do you think they are going to say about a manipulated pump and dump coin with a pre-mine and an ICO?

it is just another way of advertising altcoins.
last year they tried "we are better than bitcoin and will replace it soon" tactics to advertise and then pump them, but this year ever since bitcoin had a smaller drop while altcoins continued dumping for months they also changed their tactics to now implying "there is no difference between bitcoin and their shitcoins". pretty soon we may even hear them categorize bitcoin as an altcoin too!

i feel like the argument is happening between two sides with extreme opinions and both are equally wrong but in the opposite directions.

for instance calling anything else that is not bitcoin as useless is just exaggeration in my opinion. there are still good coins out there but the coin names that we keep hearing every day are not one of those and they are actually useless.

IRS has been seeing bitcoin as a properly ever since 2014 https://www.irs.gov/newsroom/irs-virtual-currency-guidance
it is not really news and this above link is a lot better than using a link from some click bait  site in my opinion


no we don't need to and we aren't but not all of us are using bitcoin as a currency. most people are trading bitcoin to make profit and when you make profit on a centralized exchange you also have to worry about taxes and then report it so that you are not evading them which is illegal.
in other words it comes down to your usage.

it is the wrong term, that's all. "coding money" means nothing. it is called cryptocurrency. in its nature it is the same thing. there is no difference because they are both describing the same result but you can't just come up with terms like that. i think OP is translating something that comes up with this term otherwise it is nothing that is ever used.

it is funny to see how shallow some people think of bitcoin and the market and think just because they have seen some irrelevant data  then the price should go up. it is basically them wishing for it and then trying so hard for finding some reason to satisfy their mind about it being true.
there is others opposite of OP who are trying so hard to come up with reasons for drop and justify it for themselves with those irrelevant reasons.

bitcoin had a very slow rise to $7000 and now it is staying there. and whenever something like that happens and bitcoin becomes stable (with less than 5% change in one day) the altcoins become attractive to investors again. them being dumped and be ready for the "after dump recovery" helped with the recent small rises that you saw among them.