Firstly, it's important to note that ANY coin experienced the same as Bitcoin during that time. BCrash is hit just as hard as Bitcoin was hit, but Roger Ver obviously doesn't want that to be written in the article.

What do people who see the price has totally broken every law of common sense? Right, they sell. Old hands in ANY coin transferred coins to new hands. It makes markets stronger.

It translates into new people holding coins with higher entry points, and that development is very important. It strengthens the market and allows bottoms to be respected in case we fall down a bit.

I completely forgot about him, thanks for bringing it up. He was actually the perfect opposite indicator of what the market would do. It's almost like he on purposely was helping people instead of making them sell.

His inactivity might indicate that there isn't anything to fud about, and that we might be up for a long consolidation phase. It's of course pure speculation, but it would be cool if that was the case.

I just hope that he didn't lose interest in this forum. It would mean that yet another old member left due to the lack of knowledgeable sparring partners. I hope that we don't end up doing the same years later.

Just being realistic and rational is enough to be more of an expert than all these big shots combined. It's quite entertaining seeing how they keep attempting to predict the price, but at the same time quite pathetic.

What they are doing is narrowing the range the price can move in, all to favor the odds of being right. And once they are right, you can be sure of the fact that they will let the world know that they were right.

$15,000 before the end of the year isn't all that unrealistic, but all these predictions have turned into noise for me. I rather see these people add something new to the table, and not constantly rehash publicly available information.

If you ask yourself why these costs are getting higher continuously, you'll directly know what the answer is with Bitcoin being an available option. It's not really that difficult to figure out yourself.

You can't endlessly work more in order to fill up gaps, and in the same way you can't endlessly fill up your gaps with debt. It requires a move away from the main source of the real problem, which is fiat.

Bitcoin easily outperforms anything the traditional market has to offer, and even when the price doesn't seem to be all that willing to move up. Last year's increase gave you a massive buffer to feed yourself with.

Even if the price remains the same for decades, your buffer makes sure you won't lose any of your initial investment value in Bitcoin.

If you want to increase the number of available Bitcoin ATMs then buy a couple and there is your increase.

In all seriousness, you can't possibly compare traditional bank ATMs with Bitcoin ATMs. Bitcoin ATMs are a niche in every possible way, and quite expensive to use, especially in the very early stage.

Earning back the initial capital of the ATMs isn't the main problem. The main problem is that you have to earn back your license costs, which easily exceed the $100,000 mark, and then there are steep renewal costs.

That pretty much explains why most ATMs are quite expensive to use. Only with mass usage they will be able to socialize their operational costs to offer lower overall usage fees.

It's actually quite surprising that they specifically state a date, where usually they only point out that they are looking into your matter and try to solve it as soon as possible.

And no, you will definitely not lose your coins. The only thing that might end up working against you, is when they ask for documents and bills while your account is basic verified with fake information.

If that's not an issue, then you will not face any problems. At this point there is nothing that you can do other than granting them the time they need to credit you the coins you initially deposited.

Why? Because there is no reason to go up. People hype each other up with all bullish "expert" predictions, but the market shows no signs of that bullishness, and I am happy that it doesn't go with the sentiment.

Bitcoin is slowly but surely getting rid of its niche side effect, and that means less adjustments based on sentiment, and more neutral phases, which we seem to be in right now.

I actually like this form of longer term consolidation. It allows the market to get used to a relative form of stability, and at the same time allows all the spoiled brats to recover from an overdose of price increases.

People are emotional creatures. If the price is heading up they expect Bitcoin to become the main currency of the world, where if the price is heading down all that positivity vanishes instantly and turns into negativity.

It all comes down to how uneducated they are. These people don't know how much of a risk they expose themselves to, and as result they blame Bitcoin for everything that goes wrong.

Another example of how people based on emotions can't act or think properly, is when people lose with gambling. In case of a loss they don't blame themselves for that, but the casino in question, which is just ridiculous.

The most common forms of blame towards casinos is that they are rigged, or that the owner on purposely let them win 5 straight small bets, but made them lose as soon as they went big.

Insanity.

People expect too much from the market, which is the main obstacle, not the demand. If everyone just accepts that the pump to $20,000 was an artificial increase, people will start to appreciate current levels more.

We aren't even all that far away from the fake pump of last year. Bitcoin 'only' needs to jump up with 160% from current levels to reach an extremely hyped and overbought market peak.

If you think about that, you'll realize that $7600 might still be somewhat on the higher side, and not low as some people here think it is. If anyone here thinks $7600 is low then use that as an opportunity to buy some coins.

ICOs are definitely a bubble. If you overpay in the worst possible way for something that is just an idea, and the overall industry is exactly like that, then know that it is a bubble for sure.

In most cases the major part of the ICO tokens are stored on exchanges for ever, and that purely for their returns, and not actual use. I doubt people even know what they have invested in. It's one big clown show.

Nowadays if a group of nerds or a greedy company has an idea, they'll sell you worthless tokens in order to allocate a small percentage of that for project development, and the rest is to fill up their own wallet.

The problem with having an immutable ledger do its work is that you can't change anything. In all cases they just need to decentralize their current servers that run Git (Git and Github isn't the same) and they should be fine.

Gitlab is doing the exact same thing as Github, and some say it's even better, so we'll see how things play out and what option the Core devs will go for. It's at least a good wake up call. It definitely speeds things up a notch.

Microsoft thought they made a good buy, but Github is as replaceable as Microsoft itself is. I wonder what Microsoft's reaction will be if the CEO is being asked why projects are migrating to other platforms.  

Banks and governments managing to operate more efficiently and cost effectively owe that success to Bitcoin. 

Regardless of what the argument is, both Bitcoin and the blockchain complement each other in every possible way, and in both cases we see how useful they are in their current decentralized form.

The world was desperately in need of something like Bitcoin, and we have it. It made governments have the worst nightmare in their entire existence, where in current times they can't do anything other than letting it grow.

The only thing I don't like is how the hype currently revolves around ICOs being extremely overvalued, and not the main fundamentals of this ecosystem, which is how decentralized it is.

All these predictions aren't really that interesting anymore because of how we from all sides are being flooded with them. It has more than ever become a hype to predict something just based on the previous year.

Think about it, if everyone expects the market to reach $50,000 this year, and the market doesn't seem to be motivated to react on that, then nothing is going to happen. The market does the exact opposite.

We will go up big time when the majority of the people here lose confidence. It will help to intensify the fomo hype that will hit the market, and unleash another crazy bull run. We just don't know when it will happen.

We have already bottomed out earlier this year. It's just that the market is waiting for an impulse to start moving up again in a sustainable manner. I have no problems waiting a few more months for that impulse.

All the increases we will experience without anything backing it up will undo themselves naturally, just like how we went up and down close to that much wanted $10,000 mark several times now.

And what do you consider to be a recovery in full effect? Back to last year's all time high? If so, I highly doubt we'll see these levels this year if the market stays as it is, but who am I? This market trashes everyone's predictions.

We should focus less on that all time high, but more on maintaining ANY level above the $10,000 mark. I think that alone would already be a massive accomplishment. 5 figure levels are very important psychologically.

I think we're past that stage already, at least from the technical aspects. People here are the only factor not having adapted to it yet, and I honestly don't know when they ever will.

They constantly fail to understand that Ethereum (to pick the largest altcoin) is not a Bitcoin competitor, and never has been. If it ever surpasses Bitcoin's market cap, it still doesn't mean anything.

Bitcoin's task is purely providing people the very basics of a currency, which it has done since the very beginning, where the rest of the altcoins have to fight for other parts of this industry.

People talk about Bitcoin's scaling issues, but Ethereum's scaling issues are way worse in various aspects. All the pressure from everything running on top of it starts to form an obstacle rather than progress.

Well, no one really has to use an exchange because of a fork, especially not when the fork in question yields only pocket change per coin. People force themselves to sell fork coins directly, which is completely unnecessary.

I think the only non pocket change fork exception was BTG that Hitbtc listed as one of the first? Good thing is that the fork hype lost its shine due to an oversupply of garbage forks. It's no longer a reason to use Hitbtc.

I think thus far every exchange has had to deal with various lawsuits, so I don't even think it's worth panicking over. An exchange has always the upper hand, especially when there is no solid proof of theft.

Banks could also adapt to how the blockchain is gaining popularity. Would you accept using a bank if they completely rely on the blockchain instead of their own legacy infrastructure?

Banks will never allow you to enjoy the perks of an immutable ledger, so you will be dealing with a ledger which grants them the freedom to reverse and even remove transactions completely if they so wish.

Banks technically don't even need to use the blockchain. They can just set up a similar construction where they have a copy of every bit of data stored in plenty of different locations simultaneously.

Bitcoin is the only coin that is pretty much guaranteed to keep going up in the coming years, where with altcoins you don't have that advantage. Altcoins do offer more potential returns, but offer less solidity.

Don't forget that we from time to time go through a massive altcoin dump cycle, where the current generation altcoins will lose importance to the next generation altcoins.

With that in mind I wouldn't even consider hodling any altcoin for the long term. Why should I expose myself to something so risky when I can just go for that what has proven itself continuously year after year?

We have had enough positive news, but the market just isn't reacting to it. It's either the lack of upwards demand, or the price is kept down artificially. I personally hint at the latter, but there is no concrete evidence.

One thing is sure, once people start to lose confidence because it's taking forever for the market to move up, the price will start to increase again. The market so far has always done the opposite of the general sentiment.

I don't think we're very far away from reaching that point. Assuming that the $6000 mark is the solid bottom, and maybe even ~$6400, we are bound to go up. Maybe not in an extreme way, but a gradual increase is welcome too.

YES!! More cheap coins.

I will literally put 95% of my entire fiat savings in Bitcoin if so. I am however realistic enough to know that we are probably not even going to see anything below the $5000 mark, so how viable is dreaming of $1000 then?

Bitcoin was shown 1:1 with these bubble charts even when it was worth just $500 a pop, so how many more times will people keep rehashing this? Bitcoin isn't a traditional asset, and not a company.

Bitcoin is the representation of how the regular economy keeps failing. The more the regular economy implodes, the more Bitcoin's 'bubble' grows in size. In other words, Bitcoin grows because of how the system fails.