Based on the relatively strong support around and especially under $6000 we might be up for a gradual increase, but we definitely need to see the trend reverse in order to see where we're at.

If we manage to break $7000 in the coming days, which should be possible, it will grant the market a positive vibe which may even result in a mini relief pump, but the market can just as easily fool every one of us.

I'm glad that I have bought in already and can happily look forward to what has to come. I have enough fiat ready to buy more, and enough patience to wait a couple of more months.

People don't care about Bitcoin's past. They only care about what the market does after they bought in, which explains why they are extremely shocked during corrections. It completely catches them by surprise.

These people are part of every market, even the more traditional ones that are considered somewhat safe by the mainstream elite. At the end of the day, these people grant you your profits.

Without suckers doing worse than you with their investments, you won't be able to profit. Money doesn't fall out of the sky and land straight into your wallet, suckers pay for your luxury and wealthy life.

That's why you should never start talking about investments and gains. It can only work against you because people are too stupid to understand that everything they do is their own responsibility.

I only point out Bitcoin's advantages and it's decentralized nature, and from there they need to figure out everything else themselves. If they end up investing and losing afterwards, they at least won't be able to blame you.

It's up to us to make sure people enter this industry for its technology and censorship resistance. Everything related to investments isn't our problem. We are in no position to provide financial assistance. Crypto is too speculative.

Till you start trading and see how their taxes drain your profits in every possible way. All that friendliness comes at a very high price, and thus far they don't seem to cut Bitcoiners much slack when it comes to a tax reduction.

I however wonder how Japan handles its taxes when it comes to spending coins bought at way lower levels. I can spend my coins to legally avoid paying tax, because no conversion to fiat happens in the process.

If Japanese Bitcoiners are allowed to do that as well, it will stimulate them to actually spend their coins and boost Bitcoin's ecosystem there. More people spending means more incentive for merchants to accept Bitcoin.

Always, when there are doubts when it comes to a site or service, just avoid it and you directly eliminate all potential risks you would otherwise expose yourself to. It's a simple but very effective main rule to abide by.

I have been looking for ways to properly invest for almost 2 years and haven't found anything that justifies the risk-reward ratio. Too many likely scams, straight scams, questionable platforms, and so forth. Just drop it.

The only proper investment has been in coins directly, and looking back, it paid off big time thus far. Some would even say buying mining gear is a good investment, but that's debatable as well.

I remember how people were fearing hard forks initially, but absolutely loved the free money that Bcash gave them, and it was a decent bit as well. It reached over 0.4BTC on Bittrex and from there kept going down.

I however expected the fork hype to last a longer while. It was extremely short lived, where Bgold was the last "successful" fork, but its value didn't have any foundation. I managed to sell most of my Bgold around 0.02BTC.

Currently it hovers around 0.004BTC. It's a coin with no purpose, no use, nothing. It should be valued closer to 0.001BTC and maybe it will. I hope that Bcash will follow and settle somewhere around 0.05BTC (preferably lower).

From $6500 to $52,000 is an increase of 700%.

We in 2017 went from $750 to $19,500 which is an increase of 2500%.

No one could have seen that coming, and that's the whole point of these massive bull runs. They are effective because no one expects them, and that stimulates people's emotions and directly make fomo insanely powerful.

I can agree that it is unlikely to happen again this soon, but this market is literally capable of anything with the right amount of hype, momentum and where high volumes of capital is being injected. We had all that last year.

In order for Bitcoin to keep gaining value, and to maintain it, hoarding and hodling is the most important factor. Without people willing to hoard and hodl the price right now wouldn't even be close to the $1000 mark.

The only reason we currently aren't going up is because there are too many coins circulating in the market due to hodlers having dumped a lot during the bull run. These coins need to be bought up by other hodlers.

As long as that isn't the case, then there is no point even thinking about an increase in the very short term without an ETF or something else taking coin out of circulation. Respect to all the hodlers out there!

He has a fair point though. The only thing the articles posted on this forum are doing is pointing traffic to Roger's site. That site is on purposely misleading people into thinking they are dealing with Bitcoin.

If you click on the links, they refer you to Bcash content, and they also scammed plenty of people with their app tricking people into thinking they are dealing with Bitcoin, but again was Bcash.

On their buy page they state:

Buy Bitcoin Cash * recommended.

Buy Bitcoin Core.

The article they link to, which they call what is Bitcoin, is full of nonsense and rubbish that just point out their hate towards Bitcoin, or Bitcoin Core as they like to call it.

One word, fear.

It's extremely bullish seeing banks and everything around them continue to talk crap about Bitcoin. The harder they are trying to convince you that Bitcoin and crypto is a scam and whatnot, the more you should buy of it.

The only time they will ever start appreciate crypto, is when they are heavily involved in it and make tons and tons of money, and it will happen. It's just a matter of time before they enter.

Banks in the end care about one thing only, and that's generating income, and crypto is perfect for that considering that we are still in the first stage of everything. Fasten your seatbelts and enjoy the ride up.

I'm sure that with how booming everything related to crypto is, that people won't mind taking an extra step to get themselves into this market. They just need to buy Bitcoin and from there are free to trade anything they want.

It's basically the same with how certain financial institutions have prohibited people from using their credit cards to buy crypto, but this isn't going to work in reality since you can easily get around it.

People can choose to withdraw cash from an ATM with their credit card, deposit it into their bank account, and from there wire it to whatever exchange they are using. In this case it will only cost you a small fee extra.

People don't care about who is running certain projects or whatever they are capable of, they just want to see the value of their investment shoot straight towards the moon, and if possible within a week after their purchase.

People are too ignorant and too stupid to realize what coin has the potential to be the next Bitcoin or Ethereum. If another major coin pops up, it will be one that no one expected to be like that.

Back in the days no one even had faith or remote believe in Ethereum, where it was even labelled as scam, and look where it is today. It's impossible to position yourself in a coin with the mindset of buying the next big coin.

That's a lot of trust you have in Bitcoin's anonymity. It's probably safe to say that when you get involved in all activities you stated and use Bitcoin as tool to work for you, you won't be enjoying freedom for long.

Three letter agencies aren't stupid. People are. Bitcoin has never really been anonymous, and even less so with how regulated and filtered this market has become. Everything you do is closely being monitored, that's a guarantee.

You are contradicting yourself. If according to you the bear market is over, why do you need a confirmation then?

There is a lot needed for the bear market to actually turn around, and the best way to move forward is to quickly start buying through the $7000 mark. And even then it's still not a sign that the bear market is over.

If traders continue to wait for the price to fall down lower in order to start buying, which means barely any new capital is buying up the circulating supply, we will face some difficult months.

Maybe that a few more Tether injections will form a trigger strong enough to push the price past $7000 in the coming weeks, but it's important to happen in order to not let traders dump their coins out of boredom.

Well, thinking conservatively is like underestimating Bitcoin. You have to look at the bigger picture, what's Bitcoin with its $110 billion market cap compared to other assets with multiple trillion dollar market caps? Nothing.

Bitcoin is literally a joke as it is right now. When institutions go nuts on Bitcoin and start to fomo as well, you'll get to see market action that is nothing like what retail traders have been doing with the market.

If Bitcoin is being treated as gold, then the positions taken into Bitcoin will be focused on the very long term. If Tim Draper's target becomes reality, Bitcoin's market cap will be like 60% of gold's market cap. It's definitely possible.

I have faith in a good outcome when it comes to Bitcoin, but not so much in the rest of the crypto space. It's quite a mess actually, and just depends on stupid people doing stupid things leading to severe losses in the end.

All shitcoins that don't add anything are worth a lot, but the coins that are solving a problem and offer great use are worth way less. The main coins offering privacy features are all undervalued in my opinion, and that by a lot.

This whole industry is far too pumpy dumpy to be taken seriously. Not sure when this will ever change, but it can't continue like this. We'll see where it ends, but hodling anything other than Bitcoin is a huge risk.

Well, what you consider to be a small amount can be big for others. In the end everyone is equal to each other in the way that when you lose everything you have on an exchange, all other users lose everything as well.

The only thing I don't like is how people nowadays just assume that an exchange wil reimburse them in case there is a hack or other forms of coin loss. It's almost seen as a form of insurance.

The last few exchanges that were hacked are planning to do the same as far as I know, and that comforts people too much. It's great that exchanges do this and it's the only right way, but it's not guaranteed to happen.

I noticed that more people prefer to have a short position open during the bear market as a form of insurance. They can just do whatever they want, but will benefit significantly if the market keeps going down.

I thought about it myself, but I prefer not to use any tools and I don't need them. I can hodl through these bear cycles without any problems, and I have tons and tons of patience left to consume.

Some people say that hodling is a bad thing to do during a bear market, but they fail to understand that not everyone can trade this market and have their funds work for them. People thinking it's easy to profit don't know anything.

Not acting is better than acting based on nothing but hope.

I hope for you that you sold them in a way you haven't lost much privacy.

The problem with these forks is that they incentivize people to redeem their coins and to have the free fork coins be sold on whatever exchange, but people don't realize that it severely affects their privacy.

It's not smart to move old coins with how regulations are being implemented today. Coins that haven't experienced any activity allow you to claim that you miraculously gained back access to your private keys.

Currently that's not possible because you already transferred the coins. If you report your coins right now and your tax department demands more information, you'll find yourself in an uncomfortable situation.

People everywhere keep talking about how cheap Ethereum is at current levels, but even dumped down I still find it an extremely expensive coin. $46 billion valuation for something only allowing rubbish to function is retarded.

Ethereum's circulating supply hovers well over the 100 million mark and keeps pumping new coins in circulation in a quick fashion, which equals around 10% inflation per year based on its current +100 million circulating supply.

As it is right now, there doesn't seem to be a hard cap implemented, but just some planned upgrades that are meant to level the inflation out to around 1% per year, but that's still +1 million coins per year. We'll see where it ends.