It has been a returning subject in the last couple of years, but only because of how news outlets keep rehashing the same nonsense over and over again.

In the end, most of the users don't give a single damn about how much energy the financial system or Bitcoin consumes, they just want it to work, and it in both cases does.

I would even like to say that more energy consumption leads to cleaner energy in the long run, because it forces all sorts of energy hungry entities to come up with an alternative, and they all succeed to do so. The biggest energy wasters in the world are the people at home, but it doesn't seem to be an interesting enough subject to cover very often. People don't like to be confronted with their own problems. It's easier to point at others. 

Of course it will get shitter. Crypto related news outlets are only out to reach average joes, because everyone else with a moderate understanding of crypto shits on these news outlets. The deeper we dig into mainstream adoption, the shitter news outlets will become. That directly explains why the quality of the content has reached its lowest point in the last 12 months.

News outlets in general means news for the masses, which translates into fake news, sponsored (biased) news, old and low quality content. In other words, 99% rubbish.

Did anyone being here for at least since 2015 learn anything from the articles you have read on platforms as CCN, Coindesk, etc?

How is more global Bitcoin acceptance not an important thing? We want it to be a currency, so the first step is to have stores accept it as payment option. It might not be much in this specific case, but plenty of smaller stores doing the same add up to a large number over a longer period of time. It works as a domino effect as well; if other local stores and restaurants see them attract more people, they will follow for sure.

The most logical reason is that there locally is a specific demand for these two currencies to be accepted. I'm sure if the same applied to Ethereum it would be listed as well.

I don't think the stability in Bitcoin's market is a sign of confidence, but more so a sign of complete neutrality. Bulls don't have much to be bullish about, bears have not much left to be bearish about with how strongly supported the base bottom is. In other words, it currently makes perfect sense for the price to remain stable.

As it is right now the stock market might seem to be in an early state of correcting, but the danger here is that right now the general public is expecting it to tank further, and this is usually a bullish signal for smart money to buy the dip. I'm 50/50 on the stock market correction. It wouldn't surprise me if it does end up tanking further, but it doesn't surprise me either if it reaches a new all time high in the next 6 or so months. I'm not going to burn myself on that.

It all comes down to who needs it right now, and who doesn't. If you're pretty wealthy already, and fit perfectly in the current system most people here don't like, there is not even a slight chance for him to ever be seriously interested in it. I have seen plenty of his speeches and interviews, he's a hardcore legacy system shill.

I'm glad that people like him only represent a minority. I'm certain that when the government he's badly praising all the time messes up in more ways than one, and he pretty much is forced towards Bitcoin, he'll lower his tone to the degree that he becomes a supporter rather than a skeptic. As always, in order to truly appreciate what Bitcoin offers, the system Bitcoin is meant to counter has to mess up big time, which it will.

Back in the early internet days the sentiment was somewhat similar. No one needed it initially, it was said to be solely for porn freaks, will become an environmental disaster, etc. Now nearly everyone is using it and barely anyone refers back to the aforementioned points. It's all about use.

It depends though. Money on the financial market moves to the easiest alternative within the same legal platforms, which means that Gold will be the first to actually benefit. It's crazy liquid, easy to buy into, is globally respected and accepted as safe haven asset, etc.

In this case a Bitcoin tied ETF would actually come in handy for legacy parties, because the switch is super easy to make, and they don't have to worry about storage and whatnot, which is a pain in the bum for them. If even a slight percentage of the money usually flowing into Gold will enter Bitcoin (could be for diversification purposes), you can be sure that we'll be subject to one of the wildest Bitcoin rides ever.

The only downside of that is once the market calms down again and actually shows signs of recovery, most of the safe haven money will flow out of Bitcoin again, just like how it flows out of Gold.

Stability could be an indicator for a bull run, or at least a strong rally, but what you ignore is the possibility that this stability can drag on for another 5-6 months if nothing changes. If Q4 historically wasn't a strong quarter for Bitcoin, the stability would probably drag on as stated.

It's funny how the mainstream media always knows how to sell its articles to its noob readers. During volatile times they say that Bitcoin can't be a currency because it isn't stable, and when it finally is stable, they say that Bitcoin is being abandoned and is desperately in need of more adoption, lol. It seems that Bitcoin can't do anything right from their perspective, and I'm sure they don't even want it to do well. Drama always sells better.

I wouldn't necessarily say they are scammers or something, but they do selectively (based on the price fluctuations of the coin you are looking to exchange) halt orders after they have been accepted. They will only let the trade happen when the price doesn't significantly drop in value. If it does, they will wait a while for the price to recover (which is why a lot people complain about why it takes so long for the trade to happen), if it doesn't they'll send your initial funds back, eventually.

The only ever time I used Changelly was to have fork coins converted to Bitcoin, and what I described above happened to me as well.

It's sad to see how people's freedom is heavily being limited due this KYC/AML bs, but it was to be expected unfortunately. People aren't allowed to enjoy too much financial freedom.

Ethereum is the only candidate able to actually deliver on that front. On top of that, Coinbase CEO is an Ethereum enthusiast as well, so it all adds up.

I have seen some one pop up the name of ETC, but that's just ridiculous. Soon USDC will become a $X billion dollar token, no way Coinbase (or anyone else with common sense) would even consider it for a second to use ETC as platform. How much of an attack factor will ETC be if a $1-$1.5 billion platform runs a multi billion token on top of it that governments might be out to shut down.

I'm actually glad they didn't choose Bitcoin to have this token be built on top of it. The less you mess around with governments and their precious fiat currencies, the less incentive they have to attack you.

I wish more people were accepting the risks they expose themselves like you do. 

Not sure if that's actually a solution. In case an exchange gets hacked, they tend to 'socialize' the losses, which means that even the traders using the 'cold' side of the platform will be affected.

Xapo is storing around $8 billion worth of Bitcoin in bunkers, so it's definitely possible.

Coinbase for example generates its private keys in tents (read) that it pops up in different locations, all to avoid situations where ill minded entities will set up hardware in an attempt to compromise the data signals. I'm certain that their main cold wallets are distributed amongst the top employees, and they all have it stored either at home, or in a bank vault or something.

It makes more sense to have these articles pop up after an approval rather than before, especially with how it's not looking like we're going to get an ETF approval at all in the coming years. On top of that, the drama around Bitfinex and Tether only further lowers the odds of an approval.

I'm certain that there isn't much left of that 'waiting' $10 billion institutional money at current stage. Coinbase is the perfect example of that with how they pulled back their institutional focused index fund due to the lack of interest, lol. Coinbase should know that launching these products during a bear market isn't going to bring you anything of worthwhile nature.

He's talking about futures, not spot markets.

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Nexybit is definitely not better than what Bitmex offers. I had a look at their platform, and it seems that they are trying to do too many things at the same time, which usually isn't a sign of professionalism. Whenever platforms are doing that, they go for quantity over quality, all to attract low tier "investors/traders".

If people for whatever reason are looking for an alternative to Bitmex, then Deribit might be your best shot. They can't compete with Bitmex in terms of volumes, but for smaller traders an alternative worth looking into.

Tether has the name and the fame, so it will take some time before it will start losing market share to other (more reputable) stablecoins.

Currently there are around ~2 billion USDT in circulation, which means that over 0.5 billion USDT has been taken out of circulation recently. The interesting factor here is who or what has taken them out of circulation. I very much doubt that Bitfinex has the resources and the banks willing to cooperate with these level of fiat transfers.

It might also have been a desperate attempt from Bitfinex itself to get rid of as much supply as possible to stabilize the price, but that would then mean there was a large number unbacked USDT in circulation, which is shady on its own.

The sooner USDT loses market share to USDC for example, the less damage an implosion of Bitfinex will inflict on the market. In other words, we're getting rid of a major ticking time bomb.

If trading becomes an obstacle, doesn't matter if you make profits or not, stop doing that what is bad for your body. The profits you might be making are never worth the physical damage you inflict on your body as result of your hunger for returns and whatnot.

Another aspect heavily contributing towards stress and physical inconveniences is that people use borrowed money to trade with, or use money (mostly household money) that's not meant to be invested or trade with. If you cut that out, you have already eliminated a major source of stress and you'll see that you'll feel better instantly.

Crypto is a 24/7/365 market, which automatically subjects people to more potential stress, while legacy markets are tied to business hours and closed during the weekend. In crypto you have to take breaks yourself, and actually stick to it, don't ever overestimate yourself in the way that you don't need breaks. We're not robots.

There is enough purchasing power, but it's not the spot market that benefits from it, but the OTC market.

I would love to see a proper Bitmex analysis breaking down how the on-chain volumes are related to OTC transfers more than most people could even imagine. It shouldn't come as a surprise that Bitcoin's on-chain value transfers are higher than all coins combined, and there doesn't seem to be a stop to these volumes.

The spot market is very much related to what retail traders and average joes are doing, and it's clear that the average joes have taken a couple of months off. They'll come back when green dildo season has started, and we might not be far away from that point.

People assume spot coins will be bought and that the effect of that will reflect on the price.

They have no clue about how booming the OTC market is currently, especially with miners being the main providers of fresh/clean coins legal entities are craving for.

I do however have to point out that with less miners dumping on the spot market, it could and likely will make sure that if the spot demand does increase, there is less potential selling pressure on the market, which is always a positive factor. Miners are the main source of supply inflation, and if legal entities buy up most of these coins, there eventually will be a shortage on the spot market with the right amount of demand.

There is no such a thing as true hodlers. The term hodler is quite flexible and can be shaped in plenty of different forms to fit your way of thinking.

In my case it means that I won't ever sell my cold wallet coins for fiat, regardless of the price. I'll rise with Bitcoin to the moon, or fall with it to the bottom if it doesn't deliver. I have nothing to lose but everything to gain. The only way for my cold wallet coins to be put into action in the future, is to spend it just like how we are using money, because it is money.

I have a seperate stash of coins purely for speculative purposes allowing me to long or short the market so I don't have to lose out on any opportunity. All profits made are sent straight to my cold wallet reserves. I don't touch fiat anymore.

It's not Yobit's fault. It's people's fault for still using an exchange that has been scamming people consistently throughout the last couple of years.

Complaining about how much of a scam exchange Yobit is doesn't help. People need to stop using this garbage and they'll vanish automatically. It's all about supply and demand; the demand from noobs is crazy high and Yobit isn't doing anything other than providing people what they ask for. In other words, we'll be stuck with Yobit for many more years to come. 

People's greed and stupidity is really what's feeding scams. I'm sure that Yobit will come up with new stuff that's 100x more ridiculous than their recently introduced coin pump feature.

There might be a speculative increase at launch, just because traders get excited and buy up the market, but nothing more than that.

The main reason that it won't be coming from Bakkt itself is because it has very likely enough coins in reserves to deliver already, all bought through the OTC market. The only way for them to buy up new coins is to have the demand shrink their reserves to such degree, that they are forced to buy another load of coins, which will be done through the OTC market again.

The positive aspect however is that with various competing coin backed products, that it will slowly dry out the OTC market, which eventually might force these entities to touch the spot market, but that's far away from this point. Let's first see what happens with Bakkt and if there is enough demand.

Yup. I'm not a fan of ICO's at all, but it's actually a great way to have ideas potentially capable of changing the way do things in the world, be granted a chance to develop. If we didn't have a booming market where people and startups could raise easy money, we probably wouldn't see anything change at all.

Sure, most of the ICO's are worth less than the dirt under my shoes, and there is plenty of scam shit going on, but we only need to have one fundamental breakthrough that will contribute to the world in a positive manner. Another positive aspect is that with more token pairs being listed against Bitcoin, the demand for Bitcoin increases as well, so what do we actually have to complain about?

Bitcoin's reserve currency function in the crypto space is a real utility and use case as well, people however tend to forget that. Altcoins and tokens keep a very large chunk of Bitcoins out of direct circulation.