That only applies to market movers and a small number of people. Most people will never gain anything from crypto, especially not if you look at their long term results. It's all negative.

Don't forget that there where some people manage to book massive gains, there are a lot people directly losing significantly. Your gains are other people their losses, that's how this market works.

Short term mentality tends to work against you. I don't even think we can talk about trading or investing anymore with how people go nuts on everything. It's actually more like gambling.

I think it's safe to say that the Coinbase versus IRS saga was meant to be a warning sign for traders to pay taxes where due. It seems that it worked out well as a warning if it made you pay tax, just in case.

If the next to be released statistics show an increase in tax declarations, then it had a major impact globally. Governments see how the market booms but there is barely anything coming their way.

If it's not coming their way they will come to you and get it. They will use every unethical form of behavior to make you pay everything they think you owe them. When it concerns tax governments don't fool around.

Bitcoin's volumes right now aren't actually low. It looks low because people are used to the hype volumes of last year and earlier this year, but we are no longer experiencing any of the hype that we went through.

The moon rocket came back to earth and now people have to adjust to current prices like how astronauts have to adjust when they land on earth from their mission. The sooner people adjust the sooner they will calm down.

We won't be going back to $20,000 any time soon, and we might not even see $10,000 for a while. Focusing on these levels only makes you stress out unnecessarily, which is bad. Enjoy how Bitcoin keeps growing in the long run.

It's a journey. People might not see anything similar ever again.

There definitely are some cons to how that lockup is set up, but can't we similarly exclude satoshi's assumed 1 million coins?

Locked XRP will for sure return back in the market, no one even doubts that, it's only a matter of time, while we with a very high probability won't be seeing satoshi's coins back in circulation. It's a double edged sword situation.

That being said, with all the developments and announcements, XRP is going through a very disappointing phase where the market just doesn't want to reward that token with an increase. Even the volumes are low.

It might be that more investors are aware of their insane pre-mine, or they don't like its centralized nature.

I will definitely use the panic button when the price starts going down badly, but it will be the panic buy button. I am not in the market to sell any coins, and actually never have been.

I don't see any value in people panic selling at significantly lower rates while they have had enough time and opportunities to sell much higher. If you missed the boat, accept it and try lowering your average buying price.

If you know how everything here works, and you are in for the long term, a lowering price is only an opportunity. I find it quite sad that people see it as something negative. Buy red sell green is the only way.

Doesn't that sound badly wrong (not in the way that you are wrong)? Altcoins focusing on different parts of the industry should at all times follow their own path, and not look at what Bitcoin is doing.

In current market it is understandable that all coins are moving in the same direction due to regulations, but even in the years before altcoins always followed Bitcoin's movements.

Ethereum for example has a completely different position in this industry, why should it go up or down with Bitcoin? I can buy or sell Ethereum from all services directly with fiat. I no longer need to use Bitcoin as bridge.

It's not all that difficult by that time to hop from $100,000 to $250,000 in a relatively short period of time.

If you have an extremely thin market where only a few hundred thousand coins are up for trade globally, and a very strong institutional demand, we can go well beyond $250,000 in the future.

Coins will change from owner quite some times in the coming years, and once they land in the pockets of institutions, they'll likely won't be returning back in the regular market, but will be used as their main reserve.

Bitcoin's past history is the perfect example of why we should never discard certain possibilities. It only limits you and prevents you from profiting from the next boom, which is just a matter of time.

Nah. People and the more seasoned traders aren't disturbed by the futures.

People don't even know what futures are, which means that it completely operates beyond their small vision field, while seasoned traders don't take futures serious because of their volumes.

CME had a $83,000,000 volume on Friday, where the trade history points out smaller contract entry points per time. I think it's more likely that those trading future contracts are more afraid of Bitcoin than vice versa.

It's going to be interesting when we'll be seeing the first asset backed ETFs show up. This is where we for the first time will see a financial tool that will actually affect the market significantly.

I assume you're talking about Bitwala? If so, then it's not really something that you can be happy with since they aren't even operating. Currently they are waiting for legal approval in order to start going live.

It might even be that it won't work out as they plan. Their site still contains the exact same information as how it was a good number of months ago. In other words, development is lacking.

Considering how slow the legal system in Europe is, it might be that we won't hear anything about them this year. Something that isn't anything other than an idea isn't worth much in a fast moving crypto industry.

You are going a bit too fast here. Blockchain as technology is in its very early stage still, and no one here can even remotely imagine what new uses blockchain will be capable of in the coming few years.

Currently we just need to get through the hype around the blockchain since it actually hinders development. The sentiment nowadays is that everything with blockchain in its name has potential and is worth millions.

Just look at how many shitcoins and shit ICOs we are dealing with. It is a bubble in a way, and at some point we'll see everything go to back to normal, and that will be the best possible outcome.

Quality matters, not quantity. Current hype is all about quantity as we can see.

I feel like an old man with only Bitcoin that I hodl, and that for a very long time. I don't even remember the last time I actually bought an altcoin, which some people will see as a missed opportunity with all projects available.

My basic principle is that I avoid that what doesn't catch my interest and understanding, and I think that's definitely the case when it comes to altcoins and tokens. Maybe because they don't offer much actual use.

The only altcoin that I would, and maybe might end up buying at some point, is Ethereum. Purely because of its first mover advantage that it maintains pretty firmly just like Bitcoin does. Nothing will be able to beat them.

I however am interested what part of the industry will experience a massive boom after Ethereum. Bitcoin is the digital equivalent of gold, where Ethereum serves as platform for all kinds of uses and DAPS.

Any people have an idea?

If you believe that, then make sure to go all in. It makes no sense to say something that you aren't backing up with actions. If I genuinely believed that we would either go up or down tremendously, I would go long or short.

I am of believe that in the long term the price will be up way higher, which is why I am buying Bitcoin with a fixed amount of fiat every 14 to 30 days. I utilize the current market for that.

The longer we keep hovering under the $7000 mark, the more I manage to accumulate for the same amount of fiat, and the more I will benefit in the long run. If we go even lower from here, I will benefit even more.

It didn't. If you scroll through every chart you'll see how the market bounced back above the February bottom, and that for now can be seen as a good sign, but we're not safe yet. I wouldn't be surprised to see another $6000 test.

If the price ends up going lower, people will even see $6000 and $7000 levels as satisfactory. I'm not saying we will go much lower from here, but the best thing to do is to not expect anything from this market.

It perfectly repeats the upwards peak speculation of last year. At first $2000 was the peak, then $3000, then $4000, and so forth. Right now it's $15,000 is the bottom, then $10,000, then $6000, and so forth.

From today's price it 'only' requires 5 doublings to reach the $208,000 mark.

$6500
1 $13,000
2 $26,000
3 $52,000
4 $104,000
5 $208,000
6 $416,000
7 $832,000
8 $1,664,000
9 $3,328,000
10 $ 6,656,000

The higher we go up the ladder the less realistic things become, but it points out that reaching insane prices isn't impossible with various scenarios that will play a role of importance in the future.

Last year we managed to achieve 4 perfect doublings ~

$1000
1 $2000
2 $4000
3 $8000
4 $16,000

In 2013 we managed to achieve 6 perfect doublings ~

$12
1 $24
2 $48
3 $96
4 $192
5 $384
6 $768

Being the first doesn't mean anything if your network isn't mirroring security. Bitcoin in this case has the network security, the most developed ecosystem around it, and the most liquid market of all coins.

Bitcoin's market would be way more liquid if altcoin traders stop dumping altcoins for Bitcoin and then dump Bitcoin for fiat. That's why I hope altcoin fiat markets will grow stronger so they don't have to eat away liquidity from Bitcoin.

More liquidity for Bitcoin would make the market a bit less volatile, and every decrease in volatility is a step forward towards Bitcoin being used as currency. I think that's what we all want in the end.

People are ignorant and too stupid to understand that it is nearly impossible to generate worthwhile passive income in this industry. Everything promising you high rewards is mostly a scam by default.

The only somewhat viable way is to get involved in certain lending platforms that in return for your coins you get a certain percentage interest, but the viable aspect makes it very low rewarding. Low risk equals low reward.

This isn't the stock market where you can park your capital in dividend stocks. The only dividend alternatives in this industry are POS coins, but these only tend to lose value, which makes your dividends worthless.

Well, the next bull run pushing Bitcoin to astonishing highs will likely be driven by institutions. I think we aren't all that far away from a market where institutions squeeze out weak hands and start dominating crypto.

Positive aspect will be that with professional capital in this market we won't be swinging up and down as heavily as we are doing right now. The worst thing people can do is selling coins to institutions.

People gained an incredible advantage over institutions by entering before their multi billions, so please don't mess it up. You are guaranteed to buy your coins back at higher levels in the very far future, it's not worth it.

The best news is that Coinbase's Index Fund has opened up for investors, which is extremely bullish. It can be invested in only with a minimum of $250,000 though, but that's not a problem for large investors.

This fund will consist of~

Bitcoin 61.49%
Ethereum 27.19%
BCrash 8.27%
Litecoin 3.05%

I don't know why this isn't widely being covered by news sites, but is a pretty big deal. The more investors buy into this fund, the more coins will be taken out of the market for a longer period of time.

There is no point in rehashing Tether speculation without any new indications of suspicious activity. Don't forget that the Tether tokens are distributed throughout the whole world and crypto market.

The spike of last year might have been fake, but it is bought up with a combination of a shitload of Tether and actual USD. If authorities think something is wrong with Tether, then FORCE them to be open.

Since when have authorities become this soft? If nothing happens, we'll be seeing the same nonsense pop up in the next few years. Fiat is being converted to token, isn't that serious enough to play hard game?

He can't say anything about individual coins or tokens because of how much his words can impact their markets. It would have been rather weird if he actually said anything about Ethereum.

He was asked about some other (non crypto) stuff as well, and again refused to talk about individual assets or tools. If we just look at what he said about securities, then it's clear that Ethereum is a security.

Coinbase is one of the most regulated exchanges in the US, which means that they have the approval of various regulators in order to have Ethereum listed, and since recently even Ethereum Classic.

Is there a way to browse through their listings to see what they registered the various crypto and token assets as? That should clear things up a bit.