it is good that you realize this already. trust me there are a lot of people who have been trading for a while and still don't realize they are acting out of FOMO and greed!

all i can tell you at this point is that the market is pretty tough to predict at all times and now that things are going sideways it becomes even harder.
but i agree with magneto above that ever since price reached $9000+ i am also very positive about this trend. but it still doesn't mean price will stay up or go up.

bitcoin is a currency, it just needs more adoption.

and until that day when we reach mass adoption, people are going to be less willing to spend their bitcoin because mainly the price will continue to rise in long term (until mass adoption) and also remain pretty volatile.

so in short the question is not about will it but it should be about when and that would be a tough question to answer. it may be between 5 to 10 years in my opinion.

the only thing that this proves is that bitcoin is growing in popularity and adoption to the point that even thieves are familiar with it. just like fiat that everyone uses and attracts all kinds of people including thieves, bitcoin is not becoming popular enough to attract every type of people.

and also it proves that a lot of bitcoin investors are still thinking they are safe just because they use bitcoin and don't pay attention to basic security measures that they normally pay attention to for fiat for example!

cash-less doesn't mean it will be replaced by cryptocurrencies. and it certainly doesn't mean no government control. and making it into a long wallet of text, bolding and coloring it won't change that!

cash-less means we are going to move on to digital form instead. what we use is not going to change, but only the shape of it. in other words we will still be using the same fiat that we have used for hundreds of years but now with credit cards, with our cell phones, with cryptocurrencies which are centralized and issued by the government and represent the same fiat.

and your title is completely irrelevant to all this.

it is not something to be excited about becuase price is going back to normal. Franky is correct that "normal" is not the ATH which was nearly $20k but also lets not forget that the "normal" is not $7k either. a normal price is somewhere between $9k and $11k if you ask me.

and for the love of god stop reporting market cap numbers as if it means something! that's just silly numbers.

pretty interesting that when i search this term in google i find articles from 2013 with exactly the same title of "UK Royal Mint Working On Plans To Issue Gold-Backed Physical Bitcoin" and then articles that are copy paste of the same exact thing dating for yesterday!

here is the 2013 article from Zerohedge
https://www.zerohedge.com/news/2013-12-01/uk-royal-mint-working-plans-issue-gold-backed-physical-bitcoins

so the question is, did the news sites run out of click-baits to post that they have to now repost ancient news?

i find this hard to believe LOL.
financial advisers, advise you to invest your money in real businesses to first gain a better profit and also at the same time help the economy by having your money in real things not have it sleeping in banks for a tiny profit.
investing in a bank is good for saving, that is why it is called "savings account" and it is a guaranteed profit so it has a very low risk compared to anything else.

the simple answer is, if it were possible people would have already stolen bitcoins from any address they wanted and bitcoin wouldn't have been alive anymore.

the detailed answer is that this website is not a new thing. it started as a joke a long time ago in a site called directory.io
what it does is that it generates keys as you select a page. and it is a very simple process too. you can even write a script that does it on your computer. it is basically taking a number (private keys are numbers) and then turns that into base58 and shows you the address for it.

for instance the first one in that list is the number 1
number 1 turned into base58 is 5HpHagT65TZzG1PH3CSu63k8DbpvD8s5ip4nEB3kEsreAnchuDf
number 2 turned into base58 is 5HpHagT65TZzG1PH3CSu63k8DbpvD8s5ip4nEB3kEsreAvUcVfH
and so on.

i believe this rise even though it is small, is because of the G20 thing and the fact that everything went well over there. but i wouldn't get excited about it unless it leads to a bigger rise. otherwise this is just a small recovery and we still need a bigger one to get back on track.

you didn't have to bump a 1.5 month old topic to post this link here, if you wanted to share this then you should have started a new topic.

and this is a silly petition in my opinion. because obviously Facebook is a centralized platform which is free to have any kind of rule they like to have and there is nobody saying it is good or bad.
and secondly this ban is not all a bad thing. they didn't just come out banning something useful, they banned a lot of scams actually that were happening through these ads.

sounds like a good news and thanks to OP for sharing this here but i have to say unlike OP i do not think bitcoin "bulls" are responding to this news as big as OP is describing them to. price is still at the very beginning of $8k and it is not even over $9k yet which would be the sign of some bulls around.

in my opinion it is like a Dam. imagine a hole in it where the water is going out, if you put a crack in the dam things won't go to hell but if you keep putting pressure on that crack it will become bigger and the water coming out becomes a lot more and out of control.

when the big resistances break like this and keep on being broken the lower it goes, there aren't any more resistances because traders are pulling their buy orders and staying out to watch where the bottom is.

of course at some point there will be a new resistance which will grow big and prevent any further drop but it takes time to reach that.


this is actually an interesting question.
and the answer is, i think so. there are a lot of altcoins and most of them only have bitcoin markets. so people who have been investing their money into them and now want out because of the dumps have to sell their alts to bitcoin and then sell bitcoin to fiat, and that can crash bitcoin price.

you may think that the opposite might have been true and while investing they should have bought bitcoin to invest in alts so bitcoin price might have gone up because of them in first place. and you wouldn't be that wrong either. but if that was the process, it was a slow one and when money comes in slowly it doesn't change things that much. so the rise part can be negligible. but the exit is sudden so the drop can be hard.

well, maybe.
but the more i hear $2000 the less i believe it can happen because every single time without exception, that people fixate on a dumb low price, that price never happens at all. as in we will never ever go near it.

before anything lets ask ourselves what were these advertisements? first two things that comes to my mind based on the ads that i have actually seen on these platforms are advertising for ICOs which we all know are a joke fund raising to become rich, and lots of phishing sites which were abusing names of popular websites like Binance, blockchain.info, bitcoin.org,... to spread malware or steal passwords.
so the way i see it, this was a very reasonable ban. most people hold the platforms responsible for the phishing ads and when they lose money.

there is ALWAYS a way to make profit while trading in cryptocurrency market. from my little experience i can think of only two right now.
1. shorting the coins that are dropping.
some platforms have this option, i have never used it but it is basically making money when price is falling. if it really falls you make a big profit and if it doesn't fall and rises you lose money (to put simply).

2. trading coins that are rising.
there is always an altcoin out there that is getting pumped no matter the hell that is happening in the rest of the world! if you can find them and jump on board you can make a profit. finding them is tough though. sometimes you can find them by looking at the increase in volume and price together and out of nowhere when they are pumping them for example.

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and remember these strategies may not be fore everyone. for most people it is best if they stay away and wait for things to calm down and rallies to start. making money in bull market is always easier for most.

just because a country is making their own decentralized system base on the blockchain technology it doesn't mean bitcoin will be used more or gets more attention. and it certainly is not a valid reason for why bitcoin is here to stay.

bitcoin is here to stay and will grow stronger every day despite the price, because it is a good and useful technology. a decentralized currency that people want to use and there is a small and limited amount of it available. this also means its price will rise in the long run.
all that aside all the attention that bitcoin is receiving (even the negative one and the attacks and FUDs) shows that a lot of people care about it and want to invest in it, specially when they spread FUD about bitcoin!

we may not be sure who Satoshi is, or even if he is alive or dead but we are sure about one thing. and that is the fact that Satoshi Nakamoto is not the real name of the creator of bitcoin. it is just a name that he (or maybe they) chose to communicate with. it is like my username "BrewMaster" that is obviously not my name.

in other words the following statement is a total bullshit from an attention whole aka the author of the book

yous mistake is bag holding altcoins.
you should never do that. the right way of doing it is to only trade then while they are getting pumped and are hot. otherwise you will only be wasting your time and money like this and will contentiously lose money as they continue getting dumped hard..

there are a couple of facts that i know and i will stick to them.
bitcoin is still the same decentralized currency that i learned about the first time and fell in love with. and it still has the same big potential if not bigger at this point! and it is continuing to grow in adoption and popularity even if the price doesn't show it.

as far as price goes it is currently dropping for whatever reason! Mt Gox, FUD, panic, bubble, whales, government, ... anything you like to call it. if you are not a trader it is best to wait for the bottom, for the drama, FUD, ... and all that to stop before jumping back in. or do what i do, don't give a rats ass and buy with extra money you have every 2 weeks regardless of price, that is a lazy method for not losing any opportunity and at the same time have more and more bitcoin in my wallet.

as much as i like to say otherwise, the main thing driving the prices is greed. specially when it comes to altcoins. of course there is no denying it that in the long run only use cases of a cryptocurrency can keep the prices up, otherwise anything that has no bases will vanish just as fast. for example when an altcoin is just pumped with no real demand and only with hype, that higher price simply vanishes as the hype goes away and the dumping begins.

but for something like bitcoin, the usage of it and the real adoption that it has will always remain there. there is obviously hype and greed there too and they vanish but the underlying reality never changes. that is why bitcoin ALWAYS goes up in the long run.