Then you don't know how supply and demand works.

The number of available coins in Iran is so madly low, that people are pretty much forced to pay any amount if they want to buy themselves into Bitcoin. Admittedly, the difference in price is high, but I'm not really shocked about it either. Desperation forces you to do things you otherwise wouldn't do, especially when you take into consideration that the Iranian currency has significantly dropped in value this year.

It's near impossible for people here to exploit the difference in price, but no doubt that Iranian market makers will do everything to exploit the difference in price.

Reportedly? No fucking news outlet has any actual source to refer to, and yet they keep echoing the same nonsense over the whole internet. 

Mainstream media; Goldman Sachs backing off is the reason for Bitcoin's price to fall yesterday. What a bunch of retards. Learn how this market works you idiots.

If you think logically, Goldman Sachs doesn't need a trading desk, because they have Poloniex already. It makes zero sense for them to create a seperate trading desk and to have Poloniex collect dust. Whatever it is they will be doing with Poloniex, it's safe to say that it will be their sole focusing point.

Not knowledge, but common sense outperforms 95% of the market during this crypto bear market.

Firstly, most people here use bots because they don't know anything about trading at all. Secondly, the far majority of the bots that these people use are what I call mass production bots, all using an algorithm configured to how the issuer of these bots think it should function. In other words, a massive point of failure.

The issuer of these bots can sell that information to market makers or simply exploit it himself. If you know how these bots act and think, you can easily manipulate them. Best is to have someone custom code a bot for you, but of course, it will be an expensive initial investment for most people.

The only thing I do agree with is that you don't have to fight against your emotions when you have a bot do the trading for you.

We're still not near the point at which we can consider the market to be priced fairly, especially with altcoins being way higher above their main utility value. Crypto prices in general hover always well above their utility value, but the extent we've seen them be valued at this year is just insane.

I like how Bitcoin is conveniently pushing back altcoins to their 2017 lows. I'm pretty sure that a couple more of these price swings will help to shake off even the most delusional *I will never sell* noob "hodlers".

The $100 million Tether transaction to Bitfinex wasn't a rumor, nor was it Bitfinex "stabilizing" their situation. What's there to stabilize anyway? They can print any amount of Tether at will.

I'm glad you at least acknowledge the seriousness of this. We must do everything we can to stop these bad actors from ranking up their domains through Bitcointalk. If possible, make people around you (the more people know the better it is) also aware of how toxic Roger's .com domain is. Everyone deserves to know how these con artists try to cut off the hand that fed them (and still does).

There is.

The main problem with altcoins is that there is next to no solid depth in any of their fiat orderbooks. If an altcoin whale for example is trying to liquidate its holdings for the best possible price (without suffering from too much slippage), they'll have to carefully dump their own orderbook down, but also convert a large chunk of their altcoins to Bitcoin from where these Bitcoins will be sold for USD.

If you look at how altcoins have been bleeding lately, and especially Ethereum, then it's safe to say that Ethereum is one of the main reasons there is so much selling pressure.

Market cap of both Bitcoin and Ethereum in Juli of this year;

Bitcoin $126 billion.
Ethereum $50.5 billion.

Market cap of both Bitcoin and Ethereum today;

Bitcoin $120 billion. -5%
Ethereum $25 billion. -50%

Ethereum is just one pile of shit. ICO's need cold hard fiat, no shitty token that's worth $500 one day and $250 the other day.

Indirectly it does a lot. The only reason the market isn't reacting to these news releases anymore is because of how everyone here psychologically has stepped over China. It's worth to say that China could actually still be the biggest market for Bitcoin with dozens of millions (and still growing) of crypto users.

China's main incentive is to block easy access to everything crypto related for the mass. The few people that will bypass restrictions are nothing more than collateral damage for the government there. In every country, regardless of how harsh the government's iron fist barbary is, you have enough people going against them (in some cases with their life at stake). Much respect to these freedom fighters.

By thinking that everything is 'ok' you're basically trolling yourself.

The main difference between traders and people here is that traders go with the flow of the downtrend, while people here go against the downtrend. If there is one thing you should never do, then it's going against the downtrend during a bear market. It's pretty much you asking for problems, and that will lose you a lot money in case you try to make some money out of it.

I have never really been a TA fan, but when the average people aren't trading, and thus not subjecting the market to their lunacy based on greed and fear, the market becomes TA applicable enough to actually profit from it.

It was likely to happen with how $7500 is a very important level in more ways than just one. I think the chances are realistic that we have taken distance from yet another lower high, unfortunately (for people who were hoping for a recovery). If it turns out to actually be a lower high, then we're heading back straight to $6000 which for most people is the least favorable scenario.

The dump we've seen today is one that has probably been planned for a while. It's safe to say that whoever the dumper was, was waiting for other whales to break $7500 and since no one was willing to do so, it's dump time. I hope that I'll be proven wrong, but thus far the downtrend has been doing what I expected it to do for a longer while.

The only advantage of this dump is that the short I opened just over $7000 some days ago looks a bit better now. 

The blockchain as revolutionary world changing "technology" is incredibly overhyped, especially when it comes corporate blockchains.

In case of corporate blockchains, they don't need any sort of decentralization, which means that they technically don't need a blockchain at all. I have seen various in use replicative data-base systems that do their job just as efficiently, allows you to reset/change data when needed, and allows you to scale x1000, but the only difference is that it isn't a blockchain, but who cares? The only reason you want to use a blockchain is because of the hype, which pretty much translates into free marketing.

Bitcoin is the perfect example of why a blockchain is useful. I don't think we'll reach a point at which something else will be able to convince me of proper blockchain use.

I support them to keep going hard against crypto currencies. Not because of criminals and whatnot, but purely because of how it stimulates people to ditch centralized services and strictly use crypto as peer to peer medium of exchange. China has been a perfect example of how their anti crypto sanctions fueled the decentralized economies there. Try to stop these people. It's next to impossible.

No need to exaggerate. Criminals are creative enough to figure out an alternative route and thus always be a couple of steps ahead of the rest. Just like how regular people are slowly taking distance from centralized services, so have criminals too, but then in a more serious form. As long as none of their coins gets converted to fiat, there is pretty much no risk to it, and this to some extent also applies to XMR.

Satoshi's coins won't ever be sold for fiat. They'll probably be used to practice force over development by simply using these coins as a vote. Right now it might not seem like much of a danger, but eventually it could be. Bitcoin is pretty much guaranteed to keep going up, so selling coins or potential elitist domination by having a majority share is not a difficult choice.

Why won't Satoshi ever sell his coins to fiat? Because that's a straight single point of failure and a clear signal to all governments that they at least have a clue about where to find him. I'm pretty sure governments are out to seize every single one of his private keys if they find him. For his own sake, and more importantly, for the sake of Bitcoin, these coins should never change owner in any shape or form.

It's (unfortunately) not against the rules to link to Roger's domain, but on the other hand people shouldn't donate him free traffic either, especially with how he's trying to destroy the coin that gave everything to him.

Nearly all the Roger .com articles you posted were covered by other news outlets as well, so you could just as easily have used their articles to post here. Perhaps that's something you can keep in mind for the next time?

Some other news outlets;

ccn.com
coindesk.com
bitcoinist.com
cointelegraph.com
newsbtc.com

I never said it was Intel itself that came out. What I was referring to is the fact that the best engineers haven't been able to spot it themselves, even though the "flaw" was there for ever basically.

Are you trying to comfort yourself thinking that everything is under control to the degree where the general public isn't exposed to any sort of harmful exploit right now?

If these coins were really meant to be sold, they would have been sold during last year's peak already. Also, investors with sense won't send any of these amounts to an exchange as Bitfinex or Binance (both unregulated exchanges within a wide variety of jurisdictions). It's complete madness to even think so.

Bitcoin is meant to not disclose owner identity of transactions when moving value. The fact that people are heavily speculating about who or what these funds belong to, perfectly points out that Bitcoin is working as it should. It's none of anyone's business to know who's behind what transaction.

Do you just assume so because that post looks like it contains a lot of researched information, or have you done research yourself to see if there is some degree of truth to it?

No amount of research will help you in this regard. All people can do is speculate.

The thing with these debates is that they always tend to put Roger (which is a very confident speaker) against someone who's very weak in debates. It allows Roger to easily dominate the debate and make the opposite speaker look like a dumbo, even if that person is totally right. Perfect example of that was the debate with Samson Mow, that was really embarrassing.

I would love to see another Roger vs Richard Heart debate. Richard at least knows how to put Roger in a solid grip during a debate. He also knows the ins and outs of how much of a scam BCash really is.

For the people who rightfully refrain from clicking on Roger's domain, here is an alternative link;

https://www.businesswire.com/news/home/20180903005242/en/Roger-Ver-Jimmy-Song-Hash-%E2%80%98Bitcoin%E2%80%99-Differences

You're thinking wrong. The ultimate goal is to not have any direct connection with fiat, but to have 1 satoshi be a unit of value on its own. That's my prediction.

By the time Bitcoin reaches $1 million (as per your prediction), fiat has likely taken a massive dive, which will directly mean that Bitcoin's $1 million valuation might be worth just $50,000-$100,000 in today's purchasing power value. Fiat in terms of purchasing power is stricly one way traffic down to the south, and governments can (and likely will) speed up the process of value loss by messing up.

We have to step over that. Bitcoin is our one time opportunity to actually force through a significant change in the way we see and use money.

That's actually something I haven't thought about.

It reminds me of the crypto twins on youtube who are shilling the living crap out of XRP and EOS, both tokens they went full fomo on around their higher levels. It's a damn shame that the internet is filled with these idiots. This is exactly why the most recent generation of newbies are so fixated on pump and dump coins. Parasites they are.

Tom Lee just needs a break. By now everyone knows what his opinion is and there is no need for more rehashed statements. Perhaps he should browse through social media for once to see how people think about him. He's making it only worse for himself like this, especially with how the price keeps going down.

All individuals who are just looking to sell the top. These people aren't interested in Bitcoin as currency or store of value, so why should we even care about their opinion? Tim Draper is somewhat of an exception since he has been a Bitcoin advocate for years, but also very much hinting towards the investment aspect.

The only thing I see these people talk about is that Bitcoin will reach this or that level, where is the utility? Why are they not recommending people to use it as money? If I introduce Bitcoin to new people it's all about money and store of value, where the investment aspect is just a (positive) side effect with how small Bitcoin still is today.

If I have to choose one option anyway, then I'll be on Tim's side. I would however lower it to $100,000 in all honesty.

The 'solution' is to have people switch their mindset. Instead of looking at Bitcoin as an investment or get rich quick tool, see it as sound money.

The more people use it as money, the more Bitcoin's utility value increases, and thus its price will increase as well. It's pretty shitty if you're here solely for the increases, because you're missing the whole point of this decentralized revolution. Converting Bitcoin to fiat is just trashy in my opinion; you're selling Gold for Copper, which is just a very bad deal.

Complaining about fees isn't an excuse to not use Bitcoin as money. I use PayPal from time to time as well, and the last time I used their service to move $20 worth of value, they charged me a whopping ~$2.5 in fees. The last time I used Bitcoin to move value it only required a fee of $0.05 so who's getting a better deal, PayPal users or Bitcoin users?