I cringe when I read how easily people send a bunch of con artists their ID and selfie. I don't want to scare you, but your data will remain on their servers for ever without any guarantees that they will delete it if you request so.

Based on that I assume that the amount you plan to withdraw is large enough to for you justify sending them your precious data? I would have discarded my account if I was in your position, but everyone is different of course.

The patience of "investors" is being tested all the time. If the price doesn't move much for a week, people get annoyed and start complaining about how boring the market is. It has been like that for years.

Some idiots even dare to blame Bitcoin for that due to the firmly correlated price action. It's not Bitcoin's problem that altcoins don't move without Bitcoin guiding them. If altcoins can't move on their own they are shit.

Look at the actually genuine projects offering a product solving a problem, they are extremely undervalued because of how there is no hype around them. Fraudulent projects are worth a lot where genuine projects aint worth shit.

Welcome in crypto land.

I wonder what the reason was for the SEC to have it take so long to reject their review. If indeed nothing has changed, there shouldn't be too much time and effort invested in the whole process.

It reminds me of my local government to have a license approved to renovate a small property. It took them nearly 6 months to reject it, and another 4 months to have them look into it for a second shot, which they again rejected.

It's almost like they on purposely slow down everything in an attempt to make it seem like it costs them a significant amount of time, while in reality it could be done in a matter of days.

It's pretty interesting how the opinions on insider information are pretty far apart from each other.

In the crypto world there are loads of people trying to justify the use (abuse) of insider information, while there is nothing about it to justify. It's illegal by itself and unethical in every possible way.

Roger Ver seems to be on that side as well, which might explain the crazy price explosion of bcash just before Coinbase announced that they will be listing it. Coinbase CEO is pretty close with Roger Ver as well.

We'll probably not hear much from it again with how Coinbase and Roger can just keep their mouth shut, unless something happens and they start to blackmail each other. We'll see where it ends.

People don't have the patience for that. It's like an eternity for people to wait 1 or 2 years in crypto. They rather stick their money in shitty coins they hope to do a quick 2x in order for them to recover their losses.

It's like gambling to a certain degree. What do gamblers when they lost x amount? They try to win it back, and that's where they go worng. People here are not much different. No patience. No skills. No tech understanding.

If you look at last year's peak ($19,500), then at the lowest price last year ($780), you can only conclude that current $8000 mark is a fantastic price. It's not low at all. It's somewhat of an average.

It's still possible to retest the $6000 mark in the coming months. Currently the growth in price seems to be related solely to the ETF decision next month. A negative decision will lead to a proper correction.

If the SEC decides to delay their decision, the price will go down a bit but it will recover later on and we'll see the same action happen in the run-up to the next deadline. After that they can delay it only 1 more time.

Either way, we for sure will know the outcome this year. If the market falls back in the short term I'll use it to buy myself as many coins as possible while I'm still dollar cost averaging every 14 or 28 days.

Most of what you see people write on the internet is fake or extremely exaggerated. I don't for a second believe someone who's bragging about his profits with trading, especially not when it comes to altcoins.

There isn't a way to book consistent profits allowing you to consider it a viable second income stream. Profits through trading are occasional and for that reason unreliable. The majority of the traders are losers anyway.

I have yet to find someone who's capable of making consistent profits through trading on a monthly basis. People think it's a piece of cake to make profits by trading, but that's because they haven't actively done it.

Those who are actively trading know exactly how difficult it is.

I'm glad at least that with how people not yet want to spend their coins we have enough time to let lightning network become stronger and more convenient to use for everyone.

Currently there are like 5 merchants that I know of that accept payments through lightning network, but they are really into Bitcoin and know how to set up a node and code a proper script taking care of the payments.

No way a more mainstream merchant will waste time on setting up a lightning node and come up with a script to handle pretty much 0 to 1 or 2 lightning payments? The effort has to yield more.

99% of the people don't reach that stage. The main reason is that the minimum withdrawal is so high, that people have no other option than to reinvest their earnings in an attempt to put it to work.

What these people don't realize is that reinvesting earnings means that they have to start from scratch again with earning back their initial investment. It's an endless cycle that can only end by having your contract terminated.

From what I have seen HF users are happy to see them back, but they also understand that it is temporary. Those who earned enough to withdraw will probably never ever be able to withdraw again.

Everything people get out of that service from now is a win.

Isn't freedom what we want? It also means that people should be able to use Bitcoin as they please, and that without having to justify their actions to any entity. Bitcoin's speculative nature in current severity is temporary.

When people finally get over the crypto craze hype they will either leave or become actual users. I think we'll see it even out and that's actually a good thing since most people in here don't contribute to anything.

I like how mixed people are when it comes to this subject, which means that we're all different and for that reason use Bitcoin differently. Let's just tolerate each other and make people aware of Bitcoin's decentralized power.

More can't we do. You can't force people to do something they don't want to do. It's that simple.

Can't agree more. It's quite interesting to see how even the more senior members here haven't noticed how precious Bitcoin really is. Good thing however is that I gladly buy up their coins if they offer me that opportunity.

I definitely understand that people have bills to pay and other expenses that they couldn't have seen coming, but if all that doesn't apply and there is no reason to sell your coins, then simply don't.

There are so many fake hodlers out there stating to keep hodling till 2020 and whatnot, but as soon as the price goes down they are out. Everyone can hodl during an increase, only a few can do that during a decrease.

That's how real hodlers seperate themselves from wannabees.

Bitcoin being decentralized has nothing to do with its price. Everyone with enough coins and fiat can do with the price what they want, and we have experienced that this year more than once.

Not really. Hodlers contribute in the way that they keep as many coins out of circulation as possible. It grants whales even more strength because they can more easily pump the price with how thin the market is.

If you buy less coins on the way up, you have more fiat left to use to create higher tops. If you're using a leading exchange as Bitfinex to manipulate the market from, the rest of the industry will follow swiftly.

Your "trust" is based on the price and not Bitcoin itself, which is wrong. The price isn't worth any of your trust because of how unreliable the short term market is. Literally everything can happen still.

I wouldn't even be surprised to see the market yet again test the $6000 mark and probably not hold it. If we test that level too often, the demand isn't there and we'll likely see the price fall much and much lower.

People often say that triple bottoms are a bullish sign, but what if we keep testing it? That can't be too bullish, right? We have to accept that when there isn't any demand the price will reflect that. Being overly bullish means nothing.

If we look at his selection of coins, he's looking for simplicity rather than something tech related like Ethereum, which isn't even serving that much of a purpose. It's mainly rookies being addicted to Ethereum.

Ethereum based ponzi games are rising as well. The most popular right now is FOMO3D. How can this be good for anyone? The less of these high level characters recommend tokens like Ethereum the better it is for people.

No serious legacy business hosts anything on Ethereum's blockchain, and rightfully so. They don't want to be associated with this nonsense where Ethereum miners are rigging the internal ecosystem.

That's not true, at least, not when it comes to conducting payments with Bitcoin through their platorm. It's more a tool to fetch data at this point, and nothing yet points out that it is more than that.

Businesses having crypto related patents doesn't mean they will actually utilize them at any point. It's commonly known that they like to hoard patents before their competitors obtain them.

I'm personally not a fan of patents, especially not when it concerns open source projects, but we can't do anything about it. Everything in the world is about making as much profit as possible, and crypto isn't any different.

It still boggles my mind how people ignore its premine and invest in it. I don't care whether or not they phase out the distribution of these 'locked' coins, it still results in the same entity to hold that many coins.

The only thing people are doing with investing in XRP is making sure those behind Ripple enjoy a comfortable life as multi billionaire. People call out other coins for being premined, so why tolerating XRP?

Charlie Lee lost its mind. If I see the main character of a coin dump nearly everything and speak out like that, it's time to admit that he lost confidence and doesn't expect to gain much from it anymore. Money over purpose.

It's nothing more than a healthy correction. It went up from $5800 to $8500 which is enough reason to secure profits. There doesn't always need to be a specific reason for the price to go up or down.

The market has to deal with different traders all having different targets. No one even gave a damn about their ETF and no one was even talking about it. At best it might have been a trigger to secure profits sooner.

I don't think the price will go down much further with the other ETF still being relevant, but even if so, let the market tank deeper, I'll gladly use that as an opportunity to buy more coins for the same amount of fiat.

Any price below the $10,000 mark is a fantastic long term buy, so do your best to dollar cost average your way through this market and you'll be fine. Eventually we won't see any price below $10,000 ever again.

You don't want to be that one person who's thinking back and blames himself for not having accumulated at these levels while you had enough time. Missing out on profit or increase in wealth like that sucks big time.

Not doing anything means you won't make anything, while accumulating as many coins as possible allows you to win in the long term. Based on that, what option looks the most interesting to you? Don't waste any time.

It's not all that bad. If you need privacy you can choose to mix your coins and spend the 'clean' coins to not disclose your personal information, or make use of an altcoin such as Monero.

The majority of the payments and transfers of value with Bitcoin are not related to anything requiring a higher level of privacy, so that makes privacy less of a thing for most people. Privacy is a niche 'product' currently.

I think it will be taken more seriously in the coming years, but that all depends on how the average person is looking at his privacy, and more importantly, how much he values his privacy. Time will tell.

Retail money doesn't like to buy red, they buy green, and preferably when it has gone up a lot, because people want to be where the action is happening. They don't buy coins that are declining, it's not interesting enough.

It's against everything we understand about markets, but it's their logic and after all the years they haven't changed one single bit because they are too stupid for that. We have to let them do whatever they want.

What do we gain from advising people to not invest when the price is high? We're talking to a wall, which means that we are wasting our time. Time that could have been spent doing things more productive than helping idiots.