Even tokens have a place in this ecosystem, where we are already experiencing that while tokens are being put in the securities category, they still are allowed as long as they register themselves with the appropriate department.

I think within a few years we will see a different market on each level, where each token has to register itself in each country it wants to be available in, while they now still operate in a gray area, and thus have luck on their side.

In the same way, I do expect a similar approach that will apply to altcoins, or to newly created altcoins. No way will it remain this easy to develop a shitcoin and get it listed on whatever exchange. I expect some harsh actions here.

People see issues where there aren't any. I have been accumulating as many coins as possible below the $10,000 mark, and I'm quite pleased that I have the opportunity to do so well under that level.

I am firm on the $6000 bottom, making me want to accumulate even more at current levels, but I have no endless bag of money that I can fall back on. My next purchase will be at the end of this month.

If the price by that time still hovers around current or even lower levels, then it's all in my favor, but just like there is no bag of money you can endlessly fall back on, the price won't be around currently levels endlessly.

It was to be expected. I am fairly sure that the current market will not change any time soon, especially not when you take into consideration that there isn't anything to go up for without any new developments.

In a market being speculation driven, these developments are decently important to break through current phase. People are used to anything above the $10,000 mark, where current levels feel like a massive throwback in time.

If the market would have reached the $7000 mark for the first ever time today, everyone here would be happy and see it as a major milestone, while right now people feel lost and depressed. Ironic isn't it?

That's partly the reason. Another reason is that most of these schemes in their initial days offered these 'lucrative' contracts as a way to obtain capital to purchase actual mining equipment.

It basically means that they didn't mine anything back in the days, but do so right now. Till what extent is impossible to find out without them releasing any information, but definitely not on a 1:1 ratio.

Till this day GM has refused to publicly share their main addresses they receive their mint subsidies on. If you don't consider that a shady practice, I don't know what is needed to convince people.

We have been bombed with contradicting news releases with Russia being the main subject. This article doesn't contain much worthy information, which is quite a shame, especially because it doesn't play out in Russia at all.

It should be made clear that they are using external sources outside Russia to get things done, because the Russian regulatory climate doesn't allow this to happen in-country.

Wake me up when Russia has finally made up its mind about the future of crypto in their country. This article initially makes it seem like a break through, while in reality it's nothing special at all. Yawn.

The last thing we need is another joker telling to have found a better way to make money. People don't want to expose themselves to the risks of owning altcoins, and neither do I.

If you look at the market throughout the last years, then it's obvious that nothing beats hodling. What you suggest isn't anything new, and is something certain people are already doing, but without much success.

People who point out that there is a better way than hodling always have something else that plays an important role, and in this case it isn't any different as the above poster pointed out.

There is no easy money to be made.

If you tell me what country you are from, I'll be able to point out that you in fact are obliged to pay tax over your crypto holdings/profits, and that without the need of them being explicitly stated as such.

I have seen so many people say the exact same thing, that as long as crypto isn't legal it can't be taxed, but that's wrong to the core. There is always a certain category crypto fits in, don't underestimate your government.

They'll do everything they can in order to make you pay tax over the weirdest possible things, all to squeeze out every possible penny. In other words, don't consider yourself to be exempt from paying tax.

Nothing is happening with their government. It's just that news sites either poorly translate their articles, or they on purposely state the wrong, this in an attempt to manipulate the market.

China is not a second Russia moving back and forth for years. They either implement the rules they want to be forced through, or they don't do anything for the time being, and keep their mouth shut.

Everyone is too focused on what China is going to do, and that's why news sites find it necessary to exploit that bit of weakness/stupidity. People should stop wasting time on things like this.

We have seen too many nonsense articles with this or that country may do this or that. It's meaningless.

Initially it was pretty understandable that people go nuts over the MtGox dump situation, but at this stage its getting pathetic because it firstly isn't MtGox moving these coins, and secondly, there will be no more sales.

If you think logically, market movers monitor these coins 24/7, where if there was a move of funds noticed, they would react to that, regardless of what will happen with the coins, and that isn't the case.

Another thing is that when a large balance wallet is moving or relocating coins, it doesn't mean a whale is going to short Bitcoin. In +90% of the cases these are exchange activities, and very easy to spot.

We have been growing consistently throughout the last years, but people focus too much on peaks, and these peaks have proven to be unreliable, especially in the very short term as everyone can see now.

I draw a line from bottom to bottom to look at the actual growth development, and that's far better and more accurate than the hype peaks. While people here are panicking the bottoms are still unharmed.

Current bottom shows that the support above $6000 is solid enough to maintain the market for the time being, and it looks like we're slowly on the way up again. Im still a bit conservative, but a higher range is a good start.

Many people lost trust in crypto? If you put faith in the market alone, you are bound to get disappointed, because noobs mostly buy at near peak levels as they gain confidence in an increasing market only.

The only aspect of Bitcoin justifying people's trust, is the technological side, because these will never let you down. Problem with people here is that they are too focused on quick gains, which is the wrong way to follow.

I didn't get excited at the moment the price reached $20,000 because I just knew the price was going to tank hard again. I didn't get excited during the all time high, and didn't get disappointed during the recent bottom.

That's the result of avoiding getting too much attached to the price.

There is a difference between valuing something because you actually like it, see its added benefit, and being forced to use something because people like you don't want to strive for financial freedom that this system can't provide.

I definitely understand where you are coming from, but you fit in the category of people I was pointing at in my previous post. Even though I think it's difficult to reach that state, I am willing to fight for it though.

I however want to ask you what your opinion on state issued money is and Bitcoin, where the mathematically minting process releases supply in circulation roughly every 10 minutes on average, with a fixed hard cap.

People are too much hinting towards that what gives them the convenience of usability and adoption, which in understandable, but on the other hand also value state issued money over a decentralized initiative as Bitcoin.

Another thing is the fact that people aren't ready or even willing to ditch fiat for Bitcoin completely. State issued money represents value and security for them, which is what they don't see in Bitcoin.

It's a sheeple form of mentality, that for sure, but in order to make Bitcoin be that what you want it to be, the mass will be needed. I won't yet completely rule out such a scenario, but I won't count on it either.

As long as people don't know what Bitcoin's value is, that will probably never happen. Seriously, how do you even determine what's worth a loaf of bread in satoshis without looking at, or getting stimulated by its fiat value.

I have been browsing through various intense discussions regarding the same subject for a long time now, but people still fail to point out how to measure Bitcoin's value completely disconnected from fiat.

The closest people have come, which makes sense to a certain degree, is to value each coin based on how much resources it takes to generate one Bitcoin, but that again would point towards fiat, and thus it's not really valid.

Another aspect is that each miner based on location and size has a different level of resources to consume when it comes to generating one Bitcoin. Or should we blatantly say that one loaf of bread is worth 1 satoshi?

Most people here know that cloud mining is a losing game, but you shouldn't forget that every day there are new people joining this market, and thus are likely going to be the next cloud mining loser.

People are fascinated with mining, where buying hardware requires a hefty investment, requires you to set it up, see your power bill increase significantly, and that's what people try to avoid.

What's left? And what offers people everything they want? Right, that's cloud mining. It's an offer people almost can't refuse. It allows you to earn passive income in Bitcoin, who doesn't want that?

They only look at the picture the service in question wants them to see. Cloud mining is a noob trap.

Everything from that site has an insane amount of bias towards their bcash garbage. If they felt their shitty fork version is the real Bitcoin, why is no one using it then? Because no one other than their own shills believe that.

They can't accept that their bcash garbage is an altcoin, where on top of that, it doesn't offer anything new or meaningful. In other words, bcash isn't any different than the other +1000 similar shitcoins.

If bcash didn't had Bitcoin in its name, and those behind it didn't had deep pockets to sustain its price, it would be a sub 0.01BTC coin by now, just like how BTG is slowly being dumped down to the bottom.

There is no such a thing as perfect timing when it comes to day trading, especially when the market can steer itself to all possible directions. I see it more as gambling than something being close to trading.

Day trading in these conditions is just buying, and then after that you'll find out whether or not it was the perfect timing. It's nothing more than hoping that you granted yourself a solid entry point.

This market is all over the place and can change from positive to negative in an instant. This of course doesn't mean there is no room for profits, but the far majority of the people aren't able to benefit.

I think we're there already since there isn't much more room left for the price to tank further. I would say it's almost a perfect buying opportunity. Today it might still an available option, but what about next week?

People will blame themselves for not having bought at current levels, where FOMO will start to gain the upper hand, and that will translate into a mini trip to the higher $8000 regions.

Another thing that I have seen circulate quite often recently, is that certain people believe that this decline might also be related to the tax season, which might hold some value, but it's also quite easy to refute.

Hitting a new low isn't impossible, but that would directly translate into a broken long term pattern where previous bottoms were untouchable. It will also make clear that the demand has strongly decreased.

Currently the most likely scenario is that we'll be heading back up to +$7000 levels, and from there hopefully see the price go up further. It has been a very long time now that the price has only been going down.

It's impossible to keep going down, because at any moment we might experience that fomo moment, and one green candle will shape the chart differently in a very short period of time.

You keep pointing at profits, while in the same way that it can make small profits, it may also eat small losses, and if that happens consistently, people will blame you for misleading them, even though they should know better.

Also, if it was such a money making machine, why would you even bother releasing it? To add, if people aren't able to verify the source themselves, what should give people the incentive to use something potentially harmful?

People aren't stupid to just blindly enter their precious details into a random bot that got posted here by a newbie. I know people in this market lack brain cells, but to use something like this? I think that goes too far, even for them.