I personally think that we are nowhere near an actual bull market yet.

I agree with gentlemand, I think that the halving at 2020 will be a huge factor in pushing bitcoin prices up. Historically, bitcoin has always performed very strongly come halving time, especially the year after the halving.

With the way things went last year, I think it is safe to say that even conservatively, in 2020-2021's bull market, we'll see prices of at least $50k. But leading up to that bull market, bitcoin is going to move sideways and downwards most of the time, just like what we saw so far of this year's markets.

That's exactly what I'm talking about.

Speaking from experience, Xapo requests you to fill out all your information once your wallet usage volume reaches a certain threshold. Verifying yourself on hosted wallets such as Xapo is a painful experience to go through.

Even if the coins are safely in their custody, so what. 1. You can't guarantee they're not running a fractional reserve. 2. You can't guarantee that their support is going to be responsive. 3. You can't guarantee factors such as regulation won't affect you. Why would you trust someone, as good as their storage facilities are, with your coins when you can store it trustlessly?

This seems like an elaborate marketing stunt, more than anything else.

Correct, bullish momentum is weak and therefore i just don't see this as being the reversal of trend.

A lot of people are still not willing to buy in because the prices are quite high. The rally can take bitcoin up above 5 figures, but only for a very limited amount of time. All the bullish predictions saying that bitcoin is going to go to $50k by the end of the year clearly don't know what they're talking about.

After this pump which may well last until the end of the month, expect more dips incoming our way. It's not going to be a smooth growth curve upwards all the time, we aren't out of the bear market yet.

Apparently, yes: https://qz.com/1103310/photos-the-secret-swiss-mountain-bunker-where-millionaires-stash-their-bitcoins/

Just because their data storage facilities are safe, doesn't mean that they are a safe company to deal with or store your coins at. That is a huge fallacy, and can end up with you entrusting strangers whom you have never met with excessive amount of coins.

Understand that the most common issue people have is that exchanges/wallets do not respond to their support tickets once they have a problem, or that their accounts are frozen. Hacks are very uncommon, but you see that exchanges/wallets have issues with customer experience all the time.

Just because your coins are stored safely inside a bunker, doesn't mean that your account won't ever be frozen. Your coins aren't really your coins, it's really an IOU of Xapo to you once you store bitcoins with them.

I don't think that hosted wallets are safe to deal with at all in the long run, they will face regulatory pressure and may shut down your account without warning.

The safest way to store BTC is to hold your private keys yourself, there is no counterparty risk this way. Honestly, I'd trust a simple desktop wallet like electrum with the right security settings way more than Xapo.

Tons of people that are experiencing the same issue:

https://www.reddit.com/r/GenesisMining/comments/7ivo8r/no_payouts_since_beginning_of_december/
https://steemit.com/bitcoin/@hw-enthusiast/genesis-mining-missing-payouts-again
https://www.reddit.com/r/GenesisMining/comments/7xsd4z/again_missing_8_days_of_eth_payments/

And the problem is still persisting apparently, even though it was first noticed way back last year.

What I suggest you do is take screenshots of all the proof of the missing payments, organise it nicely and send it to the support. They are the only ones that are able to help you, in this case. Do you know by the way why this might be caused? is it because your contract has been terminated due to insufficient profits to pay for maintenance fees?

But again, there is a reason why we advise against investing in cloud mining, even Genesis. They are all shady businesses. And this is a prime example of why, your profits are completely in their control, and if they say that you shall not make profits, you won't.

Not surprising that they are trying to do this, legislations on exchange regulation is already pretty draconian, and they are just trying to do the same on wallets.

Bitcoin itself is completely transparent, much more transparent than the fiat banking system. But obviously, people on the bitcoin network cannot be identified by anything other than an address, which can be created infinitely.

Services such as exchanges and hosted wallets can definitely track their customers. However, it's impossible for them to conduct any sort of KYC/AML on you if you hold your private keys and you sign your own transactions, since the bitcoin network itself does not require KYC. All in all, avoid hosted wallets and exchanges as much as possible for storing funds.

There are two possibilities.

One is that you logged into a completely different account that you thought was the account that you bought the coin from. It's not rare to see that happen.

Secondly, there is always a possibility of a glitch/bug from HitBTC's end. However, I haven't heard any others complain about he same issue as you are. Your account shouldn't have been hacked, because otherwise the hacker would have still registered in your withdrawal history after he withdraws your funds.

If you're sure that you logged in with the right account, then you just need to wait until HitBTC support is able to respond to you. There is nothing that we can do here, since we do not have access to HitBTC's databases.

If he thinks that $7k per bitcoin is a disappointment then I have absolutely nothing to say. Bitcoin has risen from being worthless, to where it is right now. You won't find any assets that would outperform bitcoin in a 10 year period, perhaps in all of history. I don't see how that is disappointing.

Let's be clear here - bitcoin is in a bear market, following the bust of the bull market. Everyone knows that.

That's completely normal, and can be expected when prices rose as high as last year. There was no way the growth was going to be sustained like that for another whole year, otherwise we'd end up with an unrealistic 6 figures by the year. Bitcoin won't become a worthless cryptocurrency. We're just in a bear market for a few months, and we see articles like this. Even if the demand for bitcoin somehow completely dies down which is extremely unlikely, I can't see it going below $1000 to be honest, which is far from worthless and was the highest point of the 2013 pump.

Coinpayments' twitter is https://twitter.com/CoinPaymentsNET. However, they say on their twitter that you should only direct all support messages through the support system here: https://www.coinpayments.net/help-support.

Looking at the replies on their posts, I do see a large number of complaints about their support not actually responding to requests and simply ignoring their users. Your case seems similar.

I agree with the others, try contacting Lauda since he/she is probably in contact with one of the managers of the site.

Based on the reviews, I think it's definitely not a good idea to use them as a payment gateway at least for now, since their issues with support seem to be seriously affecting their trustworthiness.

Good catch, OP.

The person sending this merit is Pinkpanther03 and the person receiving it is wingzcrypto2018.

To me, either there is a connection between these accounts (they are alts), or they are conducting a merit sale. Either way, it's definitely shady behaviour and is not accepted on this forum. There is no way that that post which had no value deserved 50 merits. I'll send a negative feedback to Wingzcrypto2018. Pinkpather was actually already tagged for abusing sig campaigns.

BTW, please move this to reputation since it involves the discussion of two forum members' reputations.

I agree with you. I don't think that this is where bitcoin goes fully bullish and all of a sudden, we go on full on mania like last year.

This pump should last a while and take bitcoin at least to $9000+, but when the resistance at $10000 proves to be too strong for this pump to breach, I believe that we may go back to $6.8k, and break through that support.

I don't think that this is the recovery in the market that we're looking for at this stage.

The price jumped extremely quickly, fueled by a short squeeze and FOMO buying. In my opinion despite this pump being sustained, $6-7k's support will still be broken in the year since the bearish sentiments are not fully out of the market yet.

It could happen. I mean nobody expected the 2017 pump to go so high, not even myself.

But IMHO it would surprise me very much if that was the case. First of all, I think the pump will come in 2021 instead of 2022 because of the fact that pumps usually always happen 1 year after halvings. 2022 would be similar to this year, basically a bear market, if history can be related upon in this scenario. I just don't see BTC going as high percentage wise as it has, last year.

I would think that BTC reaching $50k or even 100k by 2022 is a real probable event, but $250k seems a bit high.

Also, note how all of this bullish news is coming out as soon as the market gets pumped 15% in one day. Don't let these articles affect your emotion and guide you into FOMO buying. That's the worst thing to do.

I don't think that you can say that this is a bull trap, because I don't think that this uptrend will end for at least a couple of weeks. However, I don't think that we have reached the bottom of this bear market yet, which means that there is a probability that after this uptrend is over, we will see some dumps which take bitcoin under the previous support level of $6.5k, potentially.

If we're looking at a week, or two weeks, the uptrend will probably take bitcoin to around $9-10k before any adjustments in my opinion.

But after this bull run is over, as I said, the chances are we will continue dipping until possibly $4-5k, and in Q3 of 2018 we will see bitcoin's actual recovery, and we can then consider BTC to be fully out of the bear market.

When grandmas are asking you about investing in bitcoin, you know that the bull market was probably going to over very soon. A bear market is not boring. Long term holders will continue holding their BTC investments. Only the people who have no intentions of investing into bitcoin for the long run in the first place, and was just treating bitcoin as a quick way to earn money will consider this to be boring.

All the hype is gone, yes. But that's literally what a bear market is like, don't you think?

Also, when the hype is gone, it just means a huge buying opportunity. Most people who bought at the top are going to be selling now, and buying at a price less than half the ATH is just a smart thing to do. They're sort of making this seem like the death of bitcoin, but clearly, it's not. Mainstream interest is still growing, though much slower in this market.

Yes, it really did happen. I thought I was dreaming for a second as well when I saw the news saying that bitcoin reached $8k as well. It's crazy how fast bitcoin can go up within a span of a day, and change the mood in the market entirely.

Bitcoin did peak at $8050 or thereabouts, which imo means that $8k resistance isn't ready to be broken yet.

The main reason seems to be a huge liquidations in bitcoin shorts, caused by the price rise at first. I wouldn't become 100% bullish yet and I'd rather observe some more before calling this a sustained uptrend. The price could really come down as quickly as it went up, since it went up just so fast.

Don't expect a new bull market to happen right now because it will definitely take a few more months before the consolidation phase is completely over.

To me, it could be either some amateur trying to make his own exchange, or a scam. Most likely the second option because of the name choice(potentially a future phishing site for the real stocks.exchange), the fact that their site was copied from other exchange sites, and the fake bitcoin transactions that were apparently being refreshed in real time, but were completely fabricated on the site.

Just take a look at this copy pasted section of their fee schedule, coinpax isn't up anymore, but still indicates that this was copy pasted:


Not to mention that their FAQ was also copy pasted from tradekrypto and other sites. It could be that the owner is the same, but even that is shady.

I would avoid this exchange entirely. No point in using it.

Look, there is no point in saying that we are all of a sudden going to reach an all time high just because this pump happened.

Yes, bitcoin went up. A lot. But that doesn't mean anything, I don't think that it's a change of the overall trend at all. In fact we should still be bearish. There was a pump that triggered short positions being liquidated, which meant that price went up even more.



I would be careful entering the market right now, FOMO is a huge irrational factor for buyers and I think as fast as the price went up it could go down just as much. You're much better off buying when the dip comes instead of after the price rises by 10% in a day.

I hate it when people refer to this thing called 'moon'. It's completely vague as can be.

For a short term investment I would still be careful in buying now. Unless you're completely prepared to hold onto your coin for the long term I would honestly just wait for the correction to happen, which should be pretty soon.

$8k remains to be resistance, and also the psychological barrier of $10k is just way too much to reach right now when half of the market is still holding bearish sentiments.

Short term wise we could be looking at a correction down to around $7k, then back up to $8-9k before hitting that resistance and BTC continues to consolidate before hitting bottom. IMO you'd be looking at around at least another quarter of a year before the trend completely reverses.

There is absolutely nothing wrong with selling your investment, especially in a bubble situation.

But if you are selling because your emotions in a falling market(and everyone experiences that, by the way) are telling you that you should just get out of bitcoin for good, then that's where the mistake is made. What will usually happen is that you'll sell at a low level, like your brother, and then have the fear of missing out when bitcoin takes off again in a bull market, so you're actually losing money that way.

It's not about staying positive all the time even if bitcoin's in a huge bubble, but it's believing in the long term of your investment in BTC. After all, you invested because you think that BTC prices can really go up over the long run and if you sell now, you're missing that opportunity entirely.

Wow. Just wow. I would have never even thought of this happening in a small business school 2 years ago, let alone in Stanford University.

I'm unsure of what the content is going to be about, but obviously it's going to be circling around economics. The more people that can fully understand the economic implications of bitcoin, the better. Bitcoin is really going mainstream in recent days with so many institutions starting to look at bitcoin seriously, including schools it seems.


It would be pointless for bitcoin to exist if there wasn't economic benefits to it. So you're wrong on that for sure.