Stock markets could technically allow 24/7 trading to happen as well, which isn't all that difficult since everything is automated already. But I do somewhat like that stock markets close.

It gives the markets rest and time to think in case they need it, while with the crypto market there is no time to rest or think. If it's going down then it does so hard, and the same applies to when it goes up. It's one crazy market.

Also, individual stocks can keep going up endlessly as well, but their growth is purely based on the underlying value, which is the company itself. Google has the potential to keep rising due to their dominance.

Basically everything we do is based on Google and stored on their servers, which is somewhat of a scary thought, but that makes them one of the few businesses being able to keep rising endlessly with how the internet grows.

If people take everything a biased third party news site comes up with for granted, that means they can't separate fud from legit news releases. Everyone should take all news sites with a massive load of salt.

We're living in a time where more than ever people are being trolled by these news sites, and that only points out how ignorant people are if they actually fall for it. Fud wouldn't exist if people knew what everything is about.

On the other hand, it keeps the market interesting for investors and traders, and that helps bringing in much needed liquidity. What one part of the market considers to be bad, is a great opportunity for the other part.

As a whole, this market is pretty well balanced. Short term minded entities enjoy the market in their way, and the continuous long term increase allows hodlers and other long term minded entities to enjoy it as well.

Current levels aren't that low at all. It's just what people consider them to be based on the peak of last year. It's unfair comparing peak levels based on hype with current market that doesn't want to move up yet.

The strong resistance around the $10,000 level prevents the market from moving up a notch or two, and that clearly indicates that current levels aren't low. $6000-$7000 was low, we're past that stage now.

If we fail to breach the $10,000 mark this week, we'll likely head back to $8000 levels. It's a market expecting quick gains, and if that doesn't happen, traders get bored and start unloading coins as result.

'I would short it if there was an easy way to do it.'

Shorting Bitcoin is a piece of cake through CBOE and CME, which I am sure he is already aware of. He's just acting like he would do this or that if the possibility was there just to throw with his opinion.

Aside from the fact that he doesn't need to short Bitcoin due to his insane wealth, it makes no sense to talk like that when something doesn't tickle your interests. It's nothing more than trash talk in my opinion.

Just like Charlie Munger, who's currently 94 years of age. He stated that trading Bitcoin is as bad as trading harvested baby brains. I get it that they don't like Bitcoin, but this goes beyond everything.

People should avoid Huobi.

If you look at how poorly people are being treated by their support desk, and that in broken English, you don't even want to hold one single Satoshi on that exchange. Even free trading shouldn't be reason to trade there.

Another thing is that they also frequently lock accounts and force people to go through a verification procedure, and with all aforementioned in mind, plus that people don't know much about Huobi, it's definitely a no go.

I'm not saying everyone experiences these problems, or will experience them in the future, but they definitely shouldn't be something you want trust your information to ~ better safe than sorry.

How exactly? The only way for a transaction to make it into the blockchain is to get confirmed. In this case it means that a fee has been included and the transaction is as normal as any other transactions.

Calm down. It has zero impact on Bitcoin itself since these bills are cheap forms of hardware wallets containing a certain amount of Bitcoin. It might affect certain individuals in case of fraud, and that's really it.

Most importantly, these bills are completely being offered to the public as optional product or tool. If you don't want to use it, then you don't. No one will ever for you to use them, and they likely will fail in their purpose anyway.

I wouldn't even be surprised if one or more groups will buy up everything and use them as collector items.

Binance is the best possible exchange today for altcoin traders, and their fees are very reasonable as well. I must however add that an exchange shouldn't be used based on how low its fees are.

What's the point of using low fee exchanges when they absolutely suck in every aspect? Binance managed to grow this big because of how other exchanges didn't manage to offer a similar experience.

The only thing (actually a good thing in my opinion) with Binance is that they aren't adding just random shitcoins like what other altcoin exchanges are doing. It means less broken wallets and maintenance rubbish.

Stupid resistance? It's actually not that difficult for whales to bump the market over the $10,000 level, but the fact that the market isn't doing so on its own is an indication that it's not ready yet, which is perfectly fine.

Another thing that prevents the market from breaking the $10,000 mark is that you don't know what will happen. In most cases people think it will increase, but what if it triggers a massive selloff?

This market is very complicated with how many important factors you have to look at and consider before making a move. Some times it's even difficult for large player to figure out what the next move will be.

Whales are good at what they do, but they don't completely rule the market as you think they do. They'll only start dumping when they think the time has come and there is no more room for further increases.

In case of last year it was pretty obvious that the market wouldn't make it past the $20,000 mark, which they used as an opportunity to liquidate their holdings. After that people went nuts and kept selling the market down.

Only in the last weeks before the push back to the $10,000 mark it was pretty obvious that whales were accumulating and artificially kept the price below a certain range, and when they were done, current levels are the result.

That obvious manipulation should have been used as an opportunity by non whales to do the exact same thing.

If the market is bullish it doesn't mean you should start liquidating profits directly. It firstly depends on your profit standards of course, but with everything that happened last year, it's impossible to call end.

People started calling end at the $2000 mark last year, which repeated itself all the way up to near the top peak levels of $20,000. I rather cash out small parts of my profits in order to not miss out on more gains.

Unless there are clear signs that the bull phase is over or starting to lose steam, then you can choose to cash out big, but in normal circumstances people are far better off just cashing out smaller parts of their holdings.

Better safe than sorry. No one wants to experience what a lot people experienced last year with how they cashed out far too soon. I wouldn't even be surprised if they bought their coins back at way higher levels.

Binance is the absolute king when it comes to altcoin exchanges, but the thing that keeps people steering to exchanges as Hitbtc, is that they are more likely to list rubbish coins.

Binance has become stricter when it comes to listing certain coins, while Hitbtc and Yobit keep adding rubbish coins like they don't even bother to perform a basic check. It's only the potential fee income they care about.

The only way to get rid of these exchanges is to stop using them, but that's not very likely with how they manage to attract thousands of new users every month due to the stricter policies of the other exchanges.

It's an unstoppable process unfortunately.

I don't see anything wrong with tax as long as the tax rates aren't exorbitant. I however have to point out that if crypto holdings are considered property, it doesn't mean that just by paying property tax you're done with it.

I personally am subject to 3 different tax categories when we talk about property tax. It also makes a significant difference when you compare short term gains with longer term gains.

It's a complex system that in the worst case (obviously depending on the country and state), will cost you close to 50% with how everything adds up. In the US this is the hard reality already, which is pretty insane.

He wasn't right. His words where just not used in the right manner. He meant why the price dropped down that much from the all time high, and that's really it. These people aren't buyers, just doubters.

Everyone with a basic level of market understanding would know how strong past bottoms are, especially when it comes to base bottoms, and that was exactly what the $6000 mark was. It's common market knowledge.

Just like bull runs have their limits, so do corrections too. In case of the bull run it was pretty obvious that it wouldn't break the $20,000 mark, and in the same way that applied to the bottom.

I wasn't all that focused on tax sales at that time, but that would only convince me more of a correction to happen at $20,000.

You can't expect things to happen in an instant. Everything takes time since no one here is actually forced to either utilize SegWit or to do anything with lightning network. Is it that difficult to understand?

Bitcoin's radical move is that different groups of developers are working on lightning network, and this process takes time, a lot of time actually since Bitcoin isn't an altcoin you can test things out with.

Everything that goes wrong will have severe consequences, and for that reason I am happy that the developers are taking all the time for it that they need. Once ready, lightning will become an adoption booster.

Just out of curiosity, what according to you is the radical move Bitcoin needs to make?

Bans are actually not really bans in most cases, but just a temporary halt to an emerging market that grows way faster than the government itself can handle. In order to catch up, 'bans' are an effective way to accomplish this.

I personally aren't a big fan of ICOs, but I do acknowledge their contribution to help start-ups and whatnot to obtain capital in return for shares/tokens. Good to see that they aren't totally blinded by fear like China is.

It will result in a massive economical boost in the long run, where even new jobs will be created as result. It's impossible for open minded governments to ignore this, and I'm happy they didn't. It definitely adds to the sentiment.

Don't underestimate the mass effect. One investor on its own won't do much, but when we're talking about thousands of these new investors jumping into whatever coin, they'll shake up that market immensely.

If you also add that quite some of these people aren't only trading from one account, where they even operate numerous bots, the effect is larger than what you think it would be in normal circumstances.

Exchanges have been dealing with +100,000 daily registrations, which says enough. It's the mass that has the ability to move markets, they only need to be triggered to either start buying and selling, which is the job of whales.

That's just nonsense. Just because you managed to improve your situation (I'm happy for you if you did so) financially, it doesn't reflect on the rest of the people. Those who earn something are still a minority.

Also take into consideration that the gap between rich and poor is growing larger in such a quick fashion, that the few people improving themselves financially don't even remotely account for a slight global improvement.

We have to accept that while Bitcoin is a helpful tool for most of the people, it's not something capable of miraculously solving the main problems of the world ~ the world is too far gone for that unfortunately.

That's the only way to deal with this trash. I have been reporting plenty of these phishing sites since last year, and the more people report them, the sooner Google will remove them.

I have even sent emails to the domain registrars to explain that the domains hosted/registered within their platform are being abused. In this case again, the more people doing so, the sooner these scums will be whooped.

The domains are likely registered with fake details, but that's not really a problem since the main concern is to have these domains seized, and thus taken down. One less phishing domain means less potential victims.

It may sound harsh, but it doesn't really matter what Satoshi envisioned Bitcoin to become in this case. We have to deal with authorities all trying to figure out what's going on in the centralized part of our ecosystem.

Most people when buying their first coins do that through one of the many exchanges we have, and when fiat is involved, you are subject to everything related to the KYC/AML policies. It's up to you whether or not to proceed.

If you don't want to deal with any of this, then you should avoid centralized services and just focus on local trades. It's impossible to expect governments to let crypto gain ground without doing anything.

Indeed. People still don't seem to understand that unfortunately. It has been like that with Soros and Rothschild as well. People blatantly assume that they will buy crypto directly, while it's actually only the exposure they are after.

They don't care about crypto itself, and for that reason likely won't bother going for it, and then we have the legal side forming an obstacle. It perfectly shows why the volumes of the future markets have been growing lately.

I like how this offers loud traditional skeptics the option to put their money where their mouth is. If they really believe in a crash or doom scenario, then that's their way to back up their words, otherwise they are full of shit.