That makes little sense.... nowadays you can profit from both up and down movements on derivatives platforms, so if there is an incentive to manipulate the price up, there similarly is an incentive to manipulate the price down.

I find it interesting to see how little people know about this market and its short/long squeezes that cause these significant price movements most of the times.... manipulation is only something people call when they lose.

Did you see people refer to the 2017 bull run as manipulation? Or this year's bull run? Manipulation calls were made when the price was on its way down.... people never change.

It depends on your capabilities as trader.... most competent traders don't need much volatility at all, where 5% movements are more than enough to make a decent living out of it.

5% is something people here don't consider severe, but I'm sure that for most institutions trading this market 5% movements are massive.... such moves aren't commonly seen in the legacy markets.

Also, you can play with leverage to make lower price movements count more. It's not for nothing that platforms such as BitMEX are doing so well, especially during times with little to no volatility.

I have been spending a small portion of my coins consistently for over a year now. I order fast-food through a subsidiary of takeaway with Bitcoin and frequently purchase a wide variety of gift cards.

The one aspect of spending Bitcoin I like less is when the price has gone down like 60-70% because I know the price will recover with some patience, so I choose to use fiat instead because it makes more sense for me in that situation. 

I know I can buy back the coins that I spend, but that's not convenient at all, where the better alternative is to just use fiat to begin with, which I do.

I think that most wannabe experts just go with the flow of the market and say that their long position they took a small hit on, was directly turned into a 20x short so that they still profit.... I wouldn't pay attention to any of such people.

I have seen a massive boost in the number of wannabe TA experts in the more recent years where they sell you signals, courses, chart setups, and so on.... a lot of people unfortunately buy into these products because they want to be just as "good".

Noobs who are attracted by the airdrops they offer, and noobs generally think high volume means a lot of people are using that exchange, while the reality is that the majority of the volumes are fake.

The exchange.... simply by having their automated trades be repeated 24/7 without a penny of real money being spent. It's nonexistent money they just print out of thin air and that's what they generate volume with.

20% is waaaaay too much still.... 20% over $500 million is still $100 million in volume, no way they generate that much volume. I would be surprised if even 2% of their volume is real.

I think it's probably not even a quarter. It's quite frustrating to see so many surveys pop up nowadays, where they pull out some numbers out of their magical hat, but then don't disclose how that survey was conducted.

In a more realistic setting, I don't expect the actual percentage of people owning Bitcoin or any other crypto coin to be higher than 1%.... the actual use just doesn't rhyme with the high percentages these surveys spit out each time.

The only players in this space who know what the actual rate of adoption is are fiat exchanges such as Coinbase, but they haven't ever disclosed any actually useful figures, only raw metrics such as the number of accounts created.

That still applies to gold today.... if a government introduces new regulations where private ownership of the metal is prohibited, people will be blaming themselves for ever having trusted a bank to store their gold with.

In most cases the gold inside bank vaults is insured as well, and for your gold to be insured you must declare the quantity and all, which means that not only the bank, but also the government knows what you hold if they ask for it.

Most of the people using an exchange never actually withdraw their coins to their own wallet.... the only transfer taking place is exchange to exchange where they trade crypto back and forth until it's time to sell.

It would be a better idea to ask an exchange to be specific about unique users who actually made a fiat deposit to buy Bitcoin. Creating an account can be done by people that were here for years already but want to cash out now.

It's easy talking right now.... I'm sure that most people who bet on $1 million will be selling most of what they have well before that because the temptation of quick and easy gains is something that can't easily be resisted.

My plan was to hodl until a million too, but I'm pretty sure that I'll sell most of what I have before we reach the $100k mark because it is enough for me. I'm not going to risk not seeing higher than $100k prices.

That makes little sense because you can't take your money with you to your afterlife.

That's true, but there are many projects just badly executed, which means that while the idea was decent, the intentions were too, but it just didn't end up getting anywhere because of incompetence.

People are too quickly labelling everything as a scam, while there is way more going on within the crypto space than just scammers waiting for a victim.... losing money sucks, but is not a reason to call a project a scam.

Outside the crypto space there are a lot of new found businesses failing too, either because of incompetence or there simply wasn't enough demand for what they were selling.

No. Just because people here are extremely bullish on Bitcoin, it doesn't mean that they choose Bitcoin over banks.... most people here only have a small percentage of their wealth sitting in Bitcoin.

The rest of their wealth sits in fiat and then in some cases gold and stocks too. In other words, Bitcoin only accounts for a small percentage of people's portfolio because it simply is too risky to go all in on Bitcoin.

People buying Bitcoin wire money to a bank account of an exchange, so the money never really leaves the banking system unless people withdraw it from an ATM and trade back and forth locally.

Chinese shitcoin projects have gone full bull mode after that announcement, which is quite interesting. Of course, this can also be a few whales trying to pump and dump, but at least there has been a massive move.

Overall, it doesn't even matter what caused the price to go up, what matters is what the chart of Bitcoin indicates, and there is no other way to describe it as frigging bullish with much higher levels to be reached in the coming weeks.

Even if Trump doesn't exactly know what Bitcoin is, his advisors do and forward every detail that matters directly to him. It's impossible for him to not know much about Bitcoin with how even the federal reserve is talking about it.

I'm sure there have been a lot of closed-door meetings where they discussed the potential damage Bitcoin could inflict on their financial stability. It has grown past that joke no one would care about. It's impossible to ignore Bitcoin at this stage.

The funny part about Trump tweeting negatively about Bitcoin is the fact that it actually helps Bitcoin gain global exposure, so his attempt to discourage people from using it works against him.

If we have to believe most people here, every single down move is manipulation, but when we pump back up hard people who call manipulation suddenly disappear, which just shows how pathetic they are.

No one has actually provided evidence of manipulation other than just flat out saying it.... words are not enough, not even when certain market movements reek of manipulation.

Back in 2018 CME's futures were blamed for manipulation, and now no one is talking about it anymore because we have a new peak and a new bottom, but the only thing missing is an entity to blame for it.

It's extreme for sure, but it's Bitcoin at the end of the day. It surprises people when they don't expect it, and that's when they get rekkt hard. It was the third largest 24 hour move in Bitcoin's history, so it's not that it didn't happen before.

People continue to call manipulation, but what's actually happening is bots pulling back their sell orders where a short squeeze then does the rest of the work.... shorters have no choice but to pay any price for their coins in the order book.

Crypto offers much faster value transfers, but the thing is that there is little actual adoption, and just as important, there is little liquidity to allow a multi million transaction to be cashed out swiftly.

I know there is an OTC market, but it's not something people or even businesses are willing to explore because it just doesn't make sense.... they already have a working financial system that does the job well enough.

It's mostly the common man who's going to benefit from crypto because low value transactions can be cashed out without problems basically on any platform as long as you go through KYC verification.

I'm not sure if you have followed gold's performance throughout the last years, but it had a terrible crash from $1.9k back to $1k, where today the price of gold is hovering around the $1.5k mark.

If you put the gold and Bitcoin charts side by side, you'll see how similar the price activity actually is.... the important difference is that cycles within Bitcoin play out much faster than they do within the gold market.

I don't know when gold will take out its $1.9k high.... its recent price surge was due to economical turmoil, which means that when the situation calms down again, gold will be sold off hard.

It doesn't matter what place it is, one should never buy fake accounts of any platform because you're asking for problems.... it's against their terms and it's even illegal by law so you're not doing yourself a favor there.

I rather just avoid dealing with any platform that subjects people to KYC verification than to buy some shitty accounts exposing me to so many unnecessary risks. I know it's tempting because it looks so easy, but don't do that....

Nowadays there is so much going on locally that depending on what country you are from, you should be able to relatively easy find someone to exchange Bitcoin and potentially some altcoins with.

It's just ridiculous when real exchanges such as Coinbase hover somewhere around the 50-60 spot, but these utter scum exchanges get to stay listed on Coinmarketcap while it's so freaking obvious how fake their volumes are.

The thing is that people seem to have no clue about the red flags they should pay attention to, so they will keep using these exchanges because their bounty and airdrops are more important than any potential risks they are exposed to.

Can you link me to an official source stating that? It's ridiculously high IMHO, because that means there is more inflation through POS than through POW, which can never be a good thing for a project.

It's not going to be easy at all because there is no room left to do it on-chain. It's going to happen in a way where not every bit of data is being written to the actual blockchain, so a second layer.

Ethereum is already further in terms of development and market than any other altcoin.... there is nothing that comes close to what Ethereum has to offer, which is why a lot of developers choose for Ethereum and not EOS for example.