I understand your point, but it doesn't really matter anymore what these corporate clowns come up with.

In no shape or form can they do anything to suppress Bitcoin and other cryptocurrencies, only the centralized ecosystem around it to a certain degree.

We're in a whole different league now. We don't depend on corporations anymore. Instead of we worrying about what they will be doing in the next years, they are worrying about what we are doing in the next years. In other words, we have the freedom to discard their services and people slowly but surely start to understand the importance of this.

In the end it's very simple, the less we use their products, the less powerful they are. We allowed them to grow this large and Bitcoin can and will end it.

More interesting and BCash fun;

BCash hashrate tested a three month low today. One week ago it peaked at 6000PH and today it tested 3550PH.

Bitcoin's block times are currently 15% faster than BCash's block times.

On Twitter Roger is trying to get rid of the bad taste in his mouth by trashing LN now he has nothing to trash Bitcoin for. 

Hilarious.

In the end it doesn't matter what you call it or what level of fundamental analysis you apply; the only thing that matters is what price can you buy/sell it for right now.

What's it worth to others that you believe Bitcoin is worth x amount if the latest exchange rate isn't reflecting that? We're dealing with a market based on supply and demand where sellers and buyers level out the market to set a price that they are somewhat okay with. If buyers think the market is oversold, they'll buy it up. If sellers think the market is overbought, they sell it down. If the price is somewhat neutral, not much happens and we'll enjoy some level of stability.

No.

Every cloud mining service is set up with the prior knowledge that the house always wins in the long term, and in case the house isn't winning organically, the service will make sure it wins artificially. In other words, it's impossible to beat the house regardless of how profitable cloud mining is, which should be clear by now after all the years. It's not only newbies falling for it, but also members who've been here long enough to know better.

The block halving in 2020 will be the perfect opportunity for cloud mining services to provably pay people 50% less. It will be a contract extermination bloodbath.

The thing with these massive legacy bubbles is that they can keep swelling for many more years, so it's pretty damn difficult to call the pop, but it's only a matter of time in the end.

The only thing I recommend people is to hedge the legacy economy as soon as possible to secure a great part of your wealth. Better safe than sorry.

Bitcoin is the perfect tool for that with how it's easy to obtain, easy to spend, and easy to store, where with Gold you either buy into a paper certificate (which is a worthless piece of paper in my opinion), or you buy the precious metal in physical form that will very likely end up in a safe deposit box within the nearest bank office. I'm obviously biased towards Bitcoin, but people should do what they think is right. If you believe Gold is the better option, then go for it, just make sure you actually do it.

We have LN making sure we don't have to deal with rogue miners, and with global deployment people will not have much incentive to cash out to the mainchain anymore.

Bitcoin's mainchain is to transfer digital Gold, which people gladly pay any fee for, where the second layer will make sure people can utilize Bitcoin's money aspect.

On top of that, miners are pretty much shooting themselves in the foot with their big block nonsense, because the smaller the blocks are, the higher their fee income will be, which throughout the years will be their main source of income. Killing off higher fee income with larger blocks means killing off potential income.

Try send zero (0) fee transactions through BCash, the miners will ignore your transaction all day long, especially if it is only $1-$2 worth. Enough block space but no will to pick up transactions that could have been from people paying for a cup of coffee somewhere.

Why always blame external elements?

It's clear by now that the media is financially incentivized to publish content, regardless of its nature. In the end it's the dumb ass rookie you should blame for everything, because that rookie swallows it as truth, shares it on social media infecting other rookies, and then sell the market down. In other words, the main source of evil in this industry is people's ignorance, not the media spreading fud or governments with their regulations.

The sooner people understand how things work (ie, educate themselves) the less effective fud will become.

Bitcoin's fair value is the latest exchange rate, period.

If people thought Bitcoin's fair value was above current levels, they would have started buying the market up till the point where fair becomes expensive.

Even if you strongly believe that Bitcoin will be worth $1 million at some later point, which I am sure al lot people believe in that scenario, you won't buy my coins for $10,000 a pop if I offered them to you for that price. Why? Because it's expensive in relation to the latest exchange rate. Why would you buy my coins for $10,000 if enough people are selling them for $7700? It's very simple logic, but still very difficult to understand for people.

Technically (globally speaking) there are less than or close to 1 million directly available coins at current levels. If the price gets high enough more people will get motivated to wake up their cold wallet coins and dump them on the market, which happened last year as well. The market drying up will need a couple of years at the minimum because we have to cycle through the pumps and dumps. Every bull run peak is higher than the previous one, and that should motivate old hands to unload their coins.

In the end it's not just about the money, but the use. If LN gets up and running and people will be financially incentivized to run a node, which is the case, then they won't sell their coins but scoop up passive income in Bitcoin due to people using their liquidity and node to hop through. It's the first ever time in the history of Bitcoin that you can earn passive income without any risks and without having a third party control your funds. It's a big deal.

Of course it's not yet known who that 'mysterious' institutional investor is. If you openly admit to buy crypto as large party, it will work against you.

We'll only find out what institution it concerns once it has accumulated enough coins.  

I think the main reason Coinbase released this information is because they want to show the outside world how well they are doing. It's great for crypto obviously to see them put so much effort in attracting institutional capital, but that doesn't mean their retail platforms are doing well. Coinbase is losing the retail battle and I don't see them recover from this unless they go full nuts on shitcoins, but that won't happen with how they try to remain their status as classy entity in the crypto world. In order to make big money, you have to throw away your values and become as trashy as Binance.

I'm quite certain that the lack of correlation in the last days/weeks will continue till the ETF gets rejected. If you look at the BTC ratio of most altcoins, it has gone down significantly, which indicates that people are dumping altcoins for Bitcoin. They could technically sell for fiat, but that would trigger KYC/AML bullshit, which most people have zero interest in.

Ethereum dipped from 0.086BTC to below 0.06BTC, which is the lowest ratio in more than four months time.

BCash dipped from 0.185BTC to 0.105BTC, which again is the lowest in more than four months time.

Another negative aspect for altcoins is that miners only interested in fiat will have to hold their coins or sell down the fiat pairs. It's time for Bitcoin to shine.

Funny how Tether is still being called a stable coin. Let's just call it a tradable asset, because it's not pegged to anything.

Due to the situation going on with WEX 1USDT is worth $1.78 right now (was well over $2 not that long ago), which perfectly demonstrates how Tether is worthless by default. People owning Tether can't do anything with it other than exchanging it for crypto at some point, because they won't cash out for fiat through the Bitfinex cartel, especially not if they overpay for it just like what people on WEX are doing right now.

Just wait for it, WEX will either implode soon, or they will 'miraculously' recover and tank Tether back to $1. It's scum we're talking about, what else can you expect?

It depends. If you plan to hold your coins for the very long term (few years at minimum) then it doesn't really matter if you buy today or tomorrow; the minimal short term changes won't affect your long term gains at all. In other words, you can just as easily wait for the market to climb up further if you aren't sure yet, and the technical details don't really matter here.

Technical analysis, regardless of how basic, is a very important aspect of trading and any short term investment. If you disregard everything and blindly jump in at whatever price to sell higher next month, you are pretty much gambling. If you would have done some prior research/analysis, you would see that the price is a tad bit overbought right now and in general not low at all. If the price was actually low the market would have bought it up again.

I don't think it has much to do with greed but more with stupidity.

Greed mostly hints towards generating more of something (money in most cases) through ways that offer at least some form of potential profitability, which cloud mining definitely isn't part of. If you also take into consideration that cloud mining is a very slow process when it comes to generating "income", the greed aspect plays even less of a role here.

Cloud mining is meant to be a long term passive income stream for people, which is why it's so popular. Stupidity makes them ignore/discard the fact that there are no profits to be made here, only losses.

Technically it's far less than that if we purely focus on crypto/tokens meant to function as money.

In that segment we have XRP, BCash, Litecoin, Tether. All of them combined account for a $39 billion market cap versus Bitcoin's $128 billion market cap.

Does anyone here know of a site where Ethereum's market cap versus its token market cap dominance is shown? It must have gone down a lot as well, especially after EOS. I wouldn't even be surprised if at some point one of these tokens ends up surpassing Ethereum itself. People can talk trash about EOS all day, but once up and running it will definitely inflict severe damage on Ethereum. It's only a matter of time.

Again, it doesn't matter whether or not the upcoming ETF directly affects the spot market, the important factor is that every share is backed by its worth in Bitcoin (coins that will be taken out of circulation). The main point; if you as liquidity provider run out of coins, what do you think will happen? They will either buy stock from exchanges or try to obtain coins elsewhere. Given the fact that there is so much demand for OTC deals, the liquidity providers will have to buy from exchanges in order to fill up their reserve.

Also don't forget that this is just one of the many ETF's that will be fighting for volume. Eventually they will cause the market to dry up if the demand is fierce enough.

Indeed. People shouldn't dramatize the fact that Bitcoin is being used as a tool by criminals. I honestly don't care if people use Bitcoin for money laundering purposes, to buy drugs or weapons with, etc. Bitcoin is money in the end, and money instinctively is prone to abuse due to how convenient it is, and how easy it is to exchange it for something else. People need to grow a thicker skin and move on, because there is nothing interesting to see.

The biggest criminals and money launderers in the world are governments themselves. People need to stand up and fight for their rights; we don't have to endure this shit endlessly.

It's not that easy. If we look at how splintered the market in its entirety is, one entity or a group of entities will need to extremely overpay for their coins in order to own even a semi large chunk of coins in the end. Another thing is that banks or other wealthy entities don't trust exchanges and will not participate in them; their only way is to accumulate coins through private deals, which is getting increasingly harder with so much OTC demand.

Miners have plenty of buyers to sell their coins to, mostly at 25-50% market premiums due to their virginity. Services connecting OTC traders have to deal with far more demand (ie, more buyers than liquidity providers). People holding Bitcoin don't really want to sell many coins anymore with how the price will be going up. It's not easy to obtain Bitcoin anymore, especially not in extremely large numbers.

People (you seem to fit in that category as well) only learn when they lose money.

Let it be a lesson for you and be happy that it only concerns $500 and not thousands of dollars, because some idiots actually invest these amounts in cloud mining.

The thing is that before investing in cloud mining, you can pretty easily calculate how profitable or unprofitable it is, and not one single time in the last 12 months has any calculation pointed out how profitable cloud mining is. Every indicator points out that you are better off avoiding cloud mining, but people still invest because they want to generate passive income.

People ignore one simple fact; when these corporate assholes start to talk trash, they are very likely accumulating Bitcoin.

It makes no sense at all to consider Bitcoin to be a top or relatively interesting investment from their position if they haven't got enough coins to ride the next rally. If you ever see them talk about Bitcoin being worth considering, then know that they have enough coins to sell you at top levels later on. It's nothing more than basic bla bla to fool dumb money.

Wall street for once hasn't been the first to enter something with this level of potential, we, the normal people did. They want you out and buy your coins at much lower levels. Don't sell Gold for copper.