Sigh. I seriously don't know what to think anymore about how stupid people are. It's mind boggling how one could not see any threat in these "high paying" and "risk free" investment options. I don't feel sorry for people.

This is pure stupidity and greed that only results in yet more bad publicity, while it's the people that should be blamed here, and not the general crypto market. One can't even blame the lack of regulations.

I'm afraid that we'll be reading about more +$100 million schemes go down this year. It's a domino effect because a lot of these schemes were set up last year, where it's just a matter of months before the next in line goes down.

Definitely. I however must point out that with Google's financial backing, they are very likely going to take over the smaller plarforms emerging in an early stage, all to prevent it from growing out to potential threat.

I just wonder how long it will take for Instagram to follow the same route. It's impossible to just discard a potential crypto ad ban scenario with everything that happened already in the last weeks.

On the other hand, I haven't seen one single crypto related ad pop up yet on Instagram. It may not be an interesting platform to advertise on for crypto related parties, so a potential ban wouldn't do much here.

It's not a scam, but people here are used to call everything they don't agree with a scam, which is somewhat understandable. It's not that Coinmarketcap is an unbiased party in this market.

Their main incentive to show you that what earns them the most money. It's their site so they can do with it what they want. I personally don't pay much attention to that site aside from when I am looking into fork coins unload.

They mostly show you all the exchanges that are allowing coins to be traded on, which comes handy with all the forks we have gone through lately. I lost count of how many it were, but can't complain with the returns.

The crash was pretty predictable in my opinion, especially when we were about to touch the $20,000 mark. The only thing that people can't figure out is how deep the price will tank due to the panic during a correction.

It was the perfect opportunity to increase your coin holdings, and honestly speaking, it was the easiest opportunity I ever experienced in this market to accomplish that.

The $20,000 mark just wouldn't get breached that was clear, and at that peak moment, CME Group went live, which basically means the end of the hype speculation around the future markets was there.

End of speculative hype translates into a massive correction.

Just ignore these idiots. If people consider Bitcoin at current levels to be a dying animal, they are mentally challenged. We hover around the highest ever levels, and people keep moaning about last year's peak.

That peak didn't reflect our progress in this market and fundamentally, and came probably one or two years too soon. These peaks have to be discarded in order to look at the market with a clear mind.

I am sure that when we're like two or so years away from now, people will start worrying about the same nonsense when the price for example falls from the $50,000 mark to $30,000 in a matter of months. It never ends.

Even these percentages are on the higher side for me. Only an extremely small number of traders manage to end their days with a profit in this market, and even smaller number manages to make around 2-3% per day.

People quite often think that making like 2% per day is low and thus doable, but it really isn't. 2% per day is still +700% per year. If you manage to do that, you'll be a millionaire eventually without a serious starting capital.

I see around the forum how people make fun of 1% per day, and act like they can do that easily, but I have yet to see anyone be able to consistently generate 1% per day. Easy money doesn't exist, not even in this market.

Don't judge a book by its cover. If this market is consolidating above the $6000 mark, the market will gain more and more confidence by the week that goes by, which is what we want right now.

It should result in a slow increase that hopefully, will allow the market to settle near the $10,000 mark before the end of the year. Everything that we manage to stack on top of the $10,000 mark is an early Christmas present.

Don't forget that while people are worrying about the market, there is serious accumulation going on in the background. By the time most people here realize that, they would wish they bought more today.

Long term hodlers don't mind to buy at levels that are considered to be high or low. They just buy. If you think logically, then 10-20% higher or lower doesn't matter when you think about the long term targets.

What people consider to be very high right now, is insanely cheap one year later. That's why I am happy to mainly be a hodler and not an active trader. It saves me time and plenty of stress monitoring the market constantly.

I do occasionally trade, but that's more buy low sell high with longer time gaps than most of the more active traders. I have tons of patience to wait out various market circumstances and act when the time is right.

What else will people buying these accounts look for? People with legitimate intentions and a functioning brain will never buy these accounts. If there is no way to access an exchange, they'll just use the next best alternative.

People have been quite active with selling exchange accounts on this forum as well. It just shows that everything is being taken as an opportunity by people to make money.

People selling these accounts quite often don't realize that it isn't only against the policies of the exchange itself, but also against the law, where the latter obviously has more severe consequences as we see here.

Authorities are slow with catching up, but slow doesn't mean they won't catch you in the process.

Completely agree with that. I honestly don't think people should expect anything significant to happen this year with the level of work that still needs to be processed, which definitely has more priority right now.

That exchange has been neglected for such a long period of time, that Circle actually bought itself a massive pile of rubbish. Bitstamp or any other capable exchange would have been a better buy.

Bitstamp is said to be taken over for roughly the same amount of capital, which might have been a better deal, but maybe they attempted to acquire Bitstamp before Poloniex, but failed and were 'forced' to go for Poloniex.

Nope. Instead, I'm sure they would love to continue allowing crypto services to advertise on their platform, but the legal aspect and pressure from external sources made them do this.

There is some sort of a global social media cleaning going on due to this. It has not really to do with crypto itself. YouTubers suffer from it as well, where they consider it to be the ad-pocalypse.

Everything people do and say on social media has to be according to certain shitty new policies, which is ridiculous. At some point people will only be able to talk about my little pony and Zack and Cody.

They are not. Also, every state seems to have different views and tax policies on crypto in its entirety, so it's not that the US as a whole will have the same rules applying to crypto.

In certain states you may even end up paying close to 50% in tax over your short term gains, while other states aren't as brutal with their extortion attempts. I however aside from tax purposes don't see why this is important.

At the end of the day the usage by yourself is the only thing that matters, not what category the government think is fitting for crypto. They'll never acknowledge crypto to be a currency, even when people use it as such.

I can't remember having seen similar petitions, regardless of how many people signed them, have ever worked in modern economies concerning serious matters. Have these things ever resulted in something in India?

I however find it great that people at least try to force something through. Everything is better than just standing there and do nothing, even when you know that it is the easiest way out.

Some times I would love to see a total failure of the current system due to crypto, but I know that won't be happening with how people are too much focused on fiat and their shitty governments not doing anything for them.

The problem with countries 'leading' in this market is that while initially they might contribute to more growth, but when they suddenly change their stance on crypto, they can inflict a lot of damage on this market.

I understand that there will always be a difference in size and importance per country, but I (and I'm sure a lot others as well) would like to see growth be as widely distributed throughout the world as possible.

One country shouldn't be able to take the entire market down with it once it for whatever reason withdraws itself from crypto land. That's the worst possible scenario for any market, and I hope we never have to experience this.

It isn't this year's low. Globally, the average bottom still hovers around the $6000 mark, which happened back in February. Right now we're just moving within the obvious range, where 5% dumps are quite common.

One day we'll jump up like 5%, and the other day we fall back down that much. In a market not having anything to hold onto, traders will keep repeating the cycle of buying ans selling till one or more large traders lose patience.

Other than that, there is no such a thing as recovery mode in current market, and I don't even know if there is much to recover at all. I feel that $7000-$8000 levels are quite solid already, and I am happy with these levels.

It's pointless to look at last year's peak and today's price and think there is a lot to recover. Last year's peak was the result of a hyped up bull run, likely due to the future markets. Speculative peaks are unsustainable.

Funny thing is that the people here and on social media are more impressed by these 'announcements' than the actual market itself is, and I'm glad it is like that. It would be somewhat pathetic if the market reacted on this.

On the other hand, I can't really remember when the last time was that the market actually responded to 'good news'. From what I have seen in the last year or so, the only thing the market responds to is 'bad news'.

If these bobos start to invest in futures and options instead of crypto then all people's excitement is for nothing. The only reason people are hyped is because they believe this will result in much higher prices.

It would be good to have government bodies do this on a global scale. If a market enjoys too much freedom due to its still unregulated nature, shitcoin exchanges as Yobit will continue to remain a relevant part of this market.

The thing is that while in general terms an exchange as Yobit is considered to be a shitcoin exchange, it isn't in terms of the value it maintains. It might very well be that they hold a few hundred million worth of crypto assets.

The same goes up for an exchange as HitBTC. No one keeps an eye on them, and no one will probably find out what happens if they claim to have suffered a massive hack theft. Not something to look forward to.

Ditch these exchanges.

Day trading is even for experienced traders gambling, especially in current market. No amount of research/study will play a role of importance when the market is dealing with fear and greed.

The only way day trading isn't gambling, is when the market is calm enough to allow technical analysis to become a useful tool again. People saying trading is fun don't know what they are talking about.

When money is involved, and especially in an active and speculative market, there is no such a thing as fun. Those who consider trading to be fun will find out eventually how much fun losing money actually is.

I wouldn't count on it. If the price is really going to spike up because of the end of the tax season, traders will start to buy up the market before that in order to be on board already. If that doesn't happen, then forget about it.

First people were looking for reasons to justify the decreasing market, and now it has switched to desperate hope in something that will result in the market to increase again. It's however quite funny though.

People want stability because that will allow usage as currency to pick up, but when there is stability, people suddenly don't like it anymore and start craving for volatility again. Impossible to deal with people here.

It doesn't matter who owns what if there is no way to actually prove that something belongs to x person. The only thing we can assume is that he as first miner scooped up probably one 50BTC block per second.

It's impossible to point out till what block he was the only or one of the very few miners. With how much attention is pointed at the addresses the coin rewards were sent to, they will likely never move, and that's better for everyone.

It's very safe to say that large scale investors have applications running monitoring these ancient addresses, where the slightest movement may trigger a major selloff causing a flash crash.