I used the black friday deal that Ledger had to buy a few sets of their Nano hardware wallets as gift to those who already own crypto, but are too much of a cheapskate to buy a harware wallet themselves. This way they can stop leaving their funds on an exchange and thank me later when they aren't victim of a hack or a rogue exchange not allowing them to withdraw.

Gifting Bitcoin to those who aren't into crypto but know that the price tanked hard isn't a good idea. I did it once myself and had to explain constantly why the price kept going down while Bitcoin according to me was so revolutionary. Not doing that again. Common joes are hard to deal with, mainly when they think they know how things work better than anyone else.

You can't compare how Bitcoin was in 2012 to how Bitcoin is today.

In 2012 people were rightfully conservative about Bitcoin and its future. Today the fundamentals are looking so strong that it's hard to think of a scenario where the price won't reach $100,000 and levels way higher. Doubters will be left behind thinking about how they could have bought and accumulated all that wealth but didn't because they were too conservative.

In fact, I find it seriously irresponsible for people to not have exposure to Bitcoin. How risky is it to have a 1-2% allocation to Bitcoin? At worst you'll lose 1-2% but the more likely outcome is that such allocation will help you easily outperform inflation for many years and that without doing anything. People lose way more than that on a "fun" trip to Vegas.  

People do not. Be greedy when others are fearful and fearful when others are greedy doesn't apply to retailers. In a way people who like pumps should be happy with that because the retailers generally help inflating bubbles well beyond the tops "experts" keep calling but are wrong about almost every single time. If everyone thought like a whale the market would be fucked up, lol.

With the block halving being so close the bleeding won't last much longer than January. I expect a rally to commence around that time and people as always will create threads asking whether or not they are too late to buy at x/y/z level. Don't be one of those suckers. Make sure you have bought at today's levels and make sure you have enough fiat aside to buy a bit lower if needed.

Hmmm. BCash and BSV have different mining pools on their network and plenty of exchanges their shitcoins are listed at, yet they remain heavily centralized. In both cases it's one team/entity deciding what the development roadmap is. In both cases chains have been rolled back more than once and checkpoints were put in place for 'security' purposes.

In a sense that's actually great for those who control both networks. In case of a large scale hack they just roll back the chain and undo the theft. If your Bitcoins get stolen you can't do anything but cry yourself to sleep. That's the definition of an immutable ledger. No one can mess with it. Rolling back chains is a no go.  

For a lot of traders that's all they need, a price to trade. In case of CME it's easy to access from their own broker portal, which means that they don't have to submit any documents to an exchange and pretty much dox themselves to a bunch of incompetent clowns. CME's volumes are quite which is perfect for high tier traders. Even with today's overall low volumes they did 23,000BTC in contract volume.

In case of Gold absolutely, but with Bitcoin being so scarce as asset, it will take a lot of naked shorting to affect the price negatively for a long period of time. Realistically speaking, it makes not much sense for the big boys to keep shorting Bitcoin with so little downside left, as so, I'm pretty sure that we're not far away from a turning point where they want to be long.

Not going to happen. I'm honestly not that confident in crypto at all, mainly so with how decentralization isn't necessary in each industry. It's being advertised as such because it sounds great and attracts a lot of capital from investors, but when you zoom out and look at the problems that have to be solved, decentralization isn't it in most cases.

Bitcoin is the digital equivalent of Gold. It can be saved and spent easily in the lowest values through Lightning. The next revolutionary development is decentralized interoperability between networks so that we don't need centralized platforms anymore. Isn't that much better than hoping for x/y/z country to be the crypto capital of the world? Definitely for me.

Don't forget that the sentiment years ago was fuck governments we don't need them, and in the more recent times people suddenly look forward to wall street, governments getting involved, etc. 

Are you referring to this post of whale alert indicating a $40 million USDT print? I highly doubt that it will be used to pump altcoins. More likely scenario is that it is part of a shift from Omni to ERC. Tether in that case prints ERC20 USDT and burns the Omni USDT. Yesterday Tether burned $220 million USDT so that would make sense.

It's kinda funny how people get excited about Tether printing money while most of the recents prints have all been shifts from one platform to another. No altcoin season. Sorry.

Bitcoin never takes a break.

I'm more bullish on these declines than I am on the way up because that always make me feel a bit uncomfortable. We all have these 'I should have bought more' moments, and it doesn't end until the price starts reversing. I am truly happy that I am being offered another opportunity to add satoshis to my hodl stack.

The price went up so fast after the April pump that it wasn't possible for me to time in some rational buys. Any buy at that point would be a fomo buy, which is something I protect myself against.

That $1000 cash payment cap will turn out to be high somewhere in 2025 when the government only approves sub $100 cash payments. It's a pretty shocking development because if it turns out to be a success for the government, it's very likely going to be introduced in other countries as well because governments globally want all your value movements to be traceable.

I'm however skeptical when it comes to people switching to Bitcoin because most of the common joes will follow whatever their governments orders them to do. They might even find it a great development because it according to them curbs down on tax evasion and the dark criminal economies that thrive on cash money. Some sheeps just can't be unsheeped.

Do criminals generally have a short lived 'career'? Yes they do, but that doesn't prevent them from stealing money. I doubt governments care much either because they can seize their assets to enrich themselves. Instead of giving the funds back to the community it's just ending up in their pockets. Both criminals stealing money from innocent people. No difference.

Only when ponzi schemes grow large enough the authorities will step in and act in whatever fashion, but the smaller ones will stay up and running until they decide to exit scam to launch a brand new ponzi scheme to scam the same fools that lost money to them before.

In the end, it's nearly impossible to get the community to do anything when you know that they are contributing to these scams by investing in them.

You can't fix stupid. People are at a stage already where they know that it is a scam, or at least likely scam, but they don't care.

All people care about is that net passive gain in their account. Funny part is that they aren't actually gaining anything because they are so stupid that they reinvest every single payout. It means that the profit margins of these scams are much higher than people think. The same applies to cloud mining where people continuously reinvest their payouts. Fools.

Not sure what's there to hold about $20 million in daily volume for KuCoin where Binance did $730 million in volume in the last 24 hours.

https://coinmarketcap.com/exchanges/kucoin/
https://coinmarketcap.com/exchanges/binance/

Binance is in a league of its own and will stay there because they have the brand and also very imporant, CZ being a popular influencer people somehow trust and like. Liquidity wise Binance seems to be the place to be for market makers. You don't see that liquidity anywhere else.

What makes a kyc exchange more secure than one that doesn't have kyc requirements? In fact, it makes you even more vulnerable because not only your coins can get stolen from the exchange, but also your personal information. I hope you didn't forget about the Binance scandal where thousands of ID's, address info, etc that were (still are) floating around on the net.

Who knows how many more exchanges (or the desks they outsource kyc to) have had their system's breached. We may not find about it as long as exchanges are willing to pay up for not having the hackers publish the data.

In the short term it depends on how many speculative sellers there are left, but these sellers will run out of coins to sell. Looking at where we bottomed out, we are only 120% above that bottom right now. Realistically speaking there shouldn't be many sellers left, but we have enough time to shake the few of them out before the halving and still have a positive halving price wise.

Going by the current hashrate it seems that miners are quite comfortable sitting this correction out. Interesting aspect of futures platforms is that miners can easily hedge against price declines and actually even out the paper loss of mining unprofitably. Great for them and great for Bitcoin security wise.

Historically Bitcoin has always done well before and after the halving so there is no reason to expect something different to happen until it actually happens.

That's already the case. It's not for nothing that overseas exchanges have more daily active users than the regulated brave kiddies within the US.

I have seen a lot of people trash these overseas exchanges, which in some cases is well justified, but the most important aspect is that they do provide people some degree of freedom of use. The only bummer is that more and more exchanges are enforcing kyc/aml procedures.

I really hope that one day there will be widely deployed interoperability between the different networks so that people can trade coins back and forth in a truly decentralized fashion. This is one aspect Ethereum with its ERC20 ecosystem does exceptionally well.

Giving money to people that have less or no money at all doesn't sound like a good thing. You are better off educating people and explain the importance of Bitcoin to them in the best possible way. That's how you very likely will get people to do everything they can to accumulate as many satoshis as possible.

If you have been in Bitcoin for a couple of years and you regret not having bought more coins while you easily could afford to buy more, you just didn't take Bitcoin serious enough. I have a tremendous respect for OG's who have held through the multiple boom and bust cycles without losing focus on the actual goal and potential of Bitcoin.

People who regret not having bought more should be happy that the price is going down, because that allows them to acquire more satoshis for the same amount of fiat. How can that possibly be a bad thing?

All bubbles burst at one point. If you reward scammy projects with in some cases hundreds of millions worth of Bitcoin and Ether, you can be assured that the same scammers will dump the market down again. They created tokens out of thin air and became filthy rich overnight.

ICO's can keep dumping the price down to super low levels (which they did) because they didn't buy these coins with their hard earned money. If something is given to you for free, you'll be happy to sell that something at any price because it is and will stay a net gain. I hope that people can agree on the fact that it is not normal that a lot of tokens are down 98-99% from their all time high. 

It might shock you, but reaching $20,000 from where we are today is harder than reaching $60,000 the moment we break $20,000.

Currently there are so many resistance levels below the all time high that we have to chew through, that it will likely take longer than people expect to break it. Whenever we finally break $20,000 I honestly don't have a clue where we will peak out. It could just as easily peak out somewhere above the $100,000 level, and that would still be a relatively weak bull run.

Markets in general, whenever they break their all time high, they tend to keep increasing for years non-stop. Every dip you are presented will be a blessing to buy into, similar to what we saw happen in 2017 with Bitcoin. These are the dips to buy, not the ones when the trend is about to reverse.  

In crypto so called influencers don't lose reputation unfortunately. Even if that would be the case, I don't think many of them mind exchanging their 'good' reputation for millions worth of crypto. From a rekt bitch Richard became a multi millionaire.

Ethereum has POS coming up where people can stake and earn actual Ether, yet they sell that Ether for HEX, lol. You buy a pile of poop and after a year you have a bigger pile of poop. That's the best way to describe HEX staking.

I haven't claimed any airdropped HEX myself and won't do it for privacy reasons even though the idea of dumping poop on imbeciles in return for Bitcoin sounds really good.

Brave is such a nightmare to work with from a privacy point of view. If you want to withdraw your earnings, you have to KYC verify yourself. Now, how is a browser focusing on privacy and whatnot doing when they want to know your information? They are contradicting themselves by claiming to be a browser respecting people's privacy.

The only way to not KYC verify yourself is to keep everything inside their centralized ecosystem, but what's the point of your earnings then? You want to cash out eventually, not have them isolate you inside their ecosystem for ever.