As always only assumptions. I continue to cringe when these articles pop up. It's an easy way of generating an article that one way or another might spark a discussion which CCN benefits from in this case.

If we look at all the articles we have seen pop up this year, it surprises me that there isn't much left to write about, or at least, they make it seem like so with all the rehashing going on. No creativity and zero informativeness.

That's a sign this market is actually maturing. It's a much needed step to move towards stability to utilize Bitcoin's currency utility. It's something that should be the center of attention, but the only center of attention is speculation.

I wonder how this will change the mindset of governments towards Bitcoin. I'm sure that they don't like seeing Bitcoin become a widely used currency. They are probably laughing at how it's only used to speculate with right now.

Governments are all nice and friendly when things aren't seen as a direct threat, but that friendliness might not last long with fiat facing a powerful and decentralized competitor. It will be something to follow for sure.

It's up to people to decide of course, but when someone explicitly states that he will be selling coins, there always is an underlying motive that is meant to harm others, especially with how OP is trying to "prove" a point.

People genuinely interested in selling for whatever reason won't create a thread sharing with the outside world all the reasons why he has done so. I have sold Bitcoins too in the past, why should I open a thread for that?

No one is interested in my reason for selling, and it's directly none of people's business. People telling they bought or sold are mostly just lying. This whole forum and social media community is badly messed up.

Roger Ver is an idiot. I don't think any serious investor would ever choose Bcash over Bitcoin.

I wonder when Jihan will start to interfere with Roger's constant hostility towards Bitcoin. It's starting to become ridiculous, and it doesn't have anything to do with providing a better payment solution as he claims.

Funny thing is that Roger keeps repeating that Bitcoin isn't the Bitcoin he signed up for back in the days. How does one sign up for Bitcoin? Like seriously, if you think Bitcoin isn't the right coin, then fork off and shut up.

He however doesn't shut up. If you look his videos on YouTube he keeps talking about how Bcash is a great payment solution, while yesterday Bcash couldn't generate a block for 60 minutes straight, and more than once.

Today Bcash generated 15 blocks in 60 minutes, which is pure madness. Inflation at its best. This has nothing to do with Bitcoin anymore, they raped it entirely........

It's a hedge against the world economy that's based on debt and is guaranteed to implode in the future. I'm not here for the profits but just enjoy my coins gain virtual value on the way up throughout the years.

The other aspect I like is the fact that I can receive any amount of money from any place in the world without asking for permission, and that 24/7/365. It's just me and the other address I transact with. It's a gift from heaven.

No more reasons needed.

I think it's more related to other coins lacking adoption and liquidity. If you ask 100 people if they want to conduct business with you in Bitcoin, 99 will say yes. With Monero it will be closer to 10 or something.

That being said, maybe a lot of the illicit transactions are already being settled in privacy focused coins. We don't know because it's always Bitcoin that's being blamed and featured in articles. It's too much of an easy target.

I'm sure that eventually with more crypto adoption and less ignorance coins as Monero and Zcash will gain more ground. I'm perfectly fine with that since it will result in less negativity going towards Bitcoin.

I am probably an old fart, but I like to store my private keys on a simple piece of paper written by myself. I have used hardware wallets but came back to paper storage since that isn't depending on trust other than myself.

The only potential downside is that you might face certain threats when importing the private keys, but that's a problem for later since I don't plan to redeem any coins unless there is another Bcash like fork happening.

It's important to realize that we will always expose our coins to a certain risk since there is no central authority involved that will refund people in case of coin loss. Once your coins are lost you lost them for ever.

The thing with panic sellers is that they will always re-enter the market, which means that we won't ever be freed from them unless they decide to quit, but that's highly unlikely with how addicting crypto is.

On the other hand, if these panic sellers weren't selling, we wouldn't be able to buy at current levels, so we have to give them their due credits for that. Most long term hodlers won't ever say no to discounted coins.

Enjoy every aspect of this market, because institutions will take it over and then it will become much more of a developed asset with plenty of liquidity. In other words, the market will become boring for most people.

Correct. It's pretty much a guaranteed way to lose if you try to enter by blindly buying your way up in a market that has barely any liquidity. It's impossible to buy or sell large amounts for a fair price on exchanges.

I am however sure that large investors aren't that ignorant to fall for it. They are very conservative of nature and would likely prefer to open positions through futures and other cash settled financial tools.

Most of these investors just want the exposure but not the asset, so the cash settled tools are perfect in that regard. At some point the volumes of these financial tools will surpass the volumes of the spot markets.

Some people? You mean the far majority were far off with their predictions. If there is one thing this market taught us throughout the last years, then it's the fact that you shouldn't try to time the short term market.

Peaks are no peaks and bottoms are no bottoms. We have seen it last year on the way up and this year with the correction. I'm happy to be a hodler and not actively try to trade my way up.

I'm sure that if I did try to trade the short term market last year and this year, I wouldn't have done well. Instead, I just sold at what I thought was an overbought price and bought back at what I thought was an oversold price.

Simple and pretty much risk free.

Arthur Hayes's words should not be taken seriously when it comes to predictions. If he admits that he doesn't care about the price as long as it is volatile, he just throws around with random numbers to politely provide an answer.

Important factor is that the sentiment has quickly become far more negative in the last weeks, and this may turn out to be an indicator that the bottom is near. This market always moves against the sentiment, so be ready in case we go up.

I hope that a side effect of this will be that BTC.com and Antpool (which are controlled by Bitmain) will fall apart. I would prefer a scenario where each miner only controls like 1-5% of the network at most.

Currently the two aforementioned pools top 40% which hopefully should stimulate individual miners to switch to other pools, but it's not that easy since it will cost them income if there are only a few miners switching.

SlushPool is the next best pool to connect to, also for 'political reasons', and they gained a decent bit of growth in the last months. Let's hope that for now will continue. I can't stand Bitmain.

It almost looks like so. In that case you instantly know that you have gained or lost something, where with cloud mining and other schemes it could take months or even years before you know what the result is.

We have to accept that this industry has nothing to offer when it comes to investments. Everything is either a scam or just not worthy enough to invest in. Investing in coins directly is the only option it seems.

If you are a risk taker, you could even choose to use your fiat to go long or short on crypto with cash settled contracts. There are multiple platforms offering these trading features. Or just don't invest in anything.

It doesn't even need to be that much of an effort. If we look at the last years, then hodling has consistently been the best way to generate wealth. Trading for most people is a guaranteed way of losing your capital.

In this industry there also is no way to properly and safely invest in something that generates you passive income. Everything requires you to let an external party hold your coins for you.

And the few genuine options that are available, which seems to be related to lending only, pay out only a percentage or two at most. This industry had years to grow and still nothing changed in that regard.

And what exactly makes you love them? Is it the speculative side (the profit potential), or do you add value its promise (being decentralized, no middle man, financial freedom)?

Most hodlers confidently hodl through peaks because they see converting to fiat as a step back, and I am somewhat on that side as well. I can always enjoy the higher levels with greater adoption by spending instead of selling.

Gold has never been a convenient means of payment, and that while it's constantly being praised as currency. Bitcoin as digital gold makes gold finally easy to spend. It's the use case gold never really had, but Bitcoin does.

For a hodler like me it's always time to buy, but there are certain situations where I prefer to not buy, and bull runs and empty pumps are one of them. Dollar cost averaging is my way of dealing with the market.

I use a fixed amount of fiat to buy one or twice a month at any (non bull run or pump) price. I have been doing that for a longer while now and I can only be happy with current levels. My average has dropped significantly.

I hope the price keeps hovering within the $6000-$7000 range for a longer while as that will allow me to get the most out of this opportunity. The sellers will run out of resources and from that point it will be up up up.

That's the name of the game. I am as neutral as I have always been, even during the bull run of last year.

I am not moving a large part of my coins, not even to benefit from potential corrections as what we go through right now. I completely dicard the value of them and act like they don't exist.

What's the point of looking at their value right now when you are only interested in what the price is in 2020 and far beyond? Not everyone understands that yet, which is clearly working against them currently.

How most people treat gold they should treat Bitcoin. People hoard gold and have it stored in bank vaults for years, and when ignorance is no longer an obstacle people will do the same with Bitcoin.

Benefit is that you don't need to store it in bank vaults since there is no bulk.

It's very difficult to even imagine what price one coin would trade for if Bitcoin is hovering around its actual limits. There have been several calculations pointing at prices over $1,000,000.

Currently it looks impossible, but it's very possible if all pieces of the puzzle come together and the legacy economy crashes to fuel Bitcoin's demand. The more the legacy economy messes up, the more value Bitcoin has.

Who would have ever thought that Bitcoin would reach $19,500 at the time one coin was trading under a buck? $1 to $19,500 is an increase of ~1,950,000%. $6000 to $1,020,000 is an increase of 17,000%.

Bitcoin isn't an escape from tax. Quite some people believe that the lack of regulations means they are exempt from paying tax, but thats just nonsense. Legally all income is taxable. It's however up to the people to declare it.

If you are confident that everything you do and earn remains under the radar, then feel free not not pay any tax. What the government doesn't know won't harm you. Don't financially support them when it isn't necessary.

If your information is logged and saved on servers (exchange servers for example) for ever, then not paying tax will result in more problems than when you would have paid. Coinbase's IRS case speaks for itself.

I agree. It's quite difficult to admit because we want Bitcoin to become a day 2 day currency tool, but the benefits of mainly using it as store of value will eventually gain more importance.

The legacy payment system is improving as well, and when they have tokenized fiat, people might even enjoy instant transactions at some point. It's almost inevitable if governments want to compete with crypto.

The mass will just follow the government as if they are sheeps. They have always done that and will continue to do so. They are programmed (brainwashed) to follow, we can't blame them.

Decades of brainwashing is practically impossible to break through.