It is bullish in the way that Bitcoin gained more legitimacy, not in the way that it would increase the price. It were most of the noobs who thought it was a tool for capital to flow in this market, but the reality is that there won't be anything flowing in this market at all. Bitcoin futures are an empty product, nothing more nothing less.

Dig up the charts of the Gold backed ETF that went live in 2003. It's definitely more fruitful than the copper chart you're displaying.

The only thing "experts" are doing is echo other "experts" in order to sound cooler and to be invited by shitty media outlets.

If these "experts" were actual experts they would be trading Bitcoin, not participating in useless chitchat. These people are only interested in media fame, and as long as they can do that by being overly bullish or bearish they will continue to do that. The price or Bitcoin isn't even important; the crypto craze is nothing more than a podium for them to become somewhat relevant again. Seriously, who are they outside crypto?

I hope you won't ever decide to declare your holdings. I certainly won't. I'm not going to fund criminals.

If people start declaring their sleeping holdings together it means more income for governments, and more (extremely valuable) information about people's wealth flows.

In that regard they will not try to prevent it but even further stimulate people to keep doing it. Governments have the option to make life difficult for people and not get any tax income at all, or to make the process more easy and less stressful which results in a massive influx of tax income the government otherwise wouldn't have. It's just a matter of logical thinking in the end; governments want your money and your information.

It may not directly harm Bitcoin, but in the long run it could harm this entire ecosystem with how people ignore utility and focus purely on gains.

I can say without a doubt that the newbies we're dealing with this year are the worst newbies I have ever seen enter crypto. The situation will become only worse in the forthcoming years due to mainstream adoption picking up rapidly. Currently there are so many noobs pooling together in the altcoin part of the market, that I am sure every altcoin regardless of its utility and engineering will eventually fail.

Dumb money always makes the wrong decision, which should make people even more bullish on Bitcoin.

If you are an active user of Bitcoin, which you clearly aren't, you would have seen that there hasn't been any actual network congestion in the last weeks.

Look at how stable the number of transactions are in the last three months; https://bitinfocharts.com/comparison/bitcoin-transactions.html#3m

HitBtc is just searching for excuses to cover its own incompetence. They are probably near insolvent due to altcoin whales cashing out in Bitcoin.

Don't believe any of that. The only reason Jihan is relatively calm is because his sockpuppet Roger is doing the dirty work for him.

The underlying factor is that Jihan has a multi billion dollar business to protect, and for that reason can't do much trash talking himself, which otherwise would harm Bitmain.

There is nothing genuine about Jihan and he's definitely not interested in an even playing field for all coins. I can't wait for other manufacturers to catch up on Bitmain to dethrone them, or at least make them less of a big deal. Competition is healthy and leads to more overall freedom in the market and better tech.

Only we let their fundamentals weigh in heavily, others don't, wich pretty much explains why Ethereum managed to grow this large.

I don't see the added value of a coin running on top of another coin. In all cases you are subject to the underlying chain of the coin to work in order for yourself to work. Operating your own blockchain has so much more benefits, and allows you to scale towards you own roadmap, and not have an asshole as Vitalik decide for you when to scale. The proposed Ether scaling 'solutions' aren't convincing either. In all cases the main chain is still swallowing tons of data.

How can't people that smart not figure out that cluttering the main chain is not the way to move forward? It's a guaranteed way to kill off your coin, unless you fully admit that you don't mind centralization and want to continue on that path.

The idea of new money flowing in this ecosystem is not real, or at least, not in the way people think it is. If a certain coin looks more profitable in the short term, the only thing that's happening is capital shifting from one (less profitable) coin to the other (more profitable) coin, and this isn't anything new. It has been happening for years.

And why should there any new money be pumped into altcoins? The only altcoin worthy of an increase due to its developments is XRP, but the market doesn't seem to care, so it's going down as well.

It may not provide direct access to Bitcoin, but every ETF share bought means that in the background x number of Bitcoins are being taken out of circulation. If the reserve runs out of coins, coins will need to be bought up and be put in the reserve to allow the next ETF shares to be fully backed. Whether it happens directly or indirectly, the only thing that matters is that coins will be taken out of circulation.

Bitcoin futures are too much of a gambling-like instrument. At the end of the contract date you either win or lose, which isn't something very suitable for long term oriented investors. An ETF is far more flexible and can be held for the long term just like how you are holding your Bitcoins, but then ETF holders don't actually have any Bitcoins, just the long term exposure.

If the believe in an ETF is there, it will boost through $8000 before the end of the month for sure. If the recent increase was just whale play, which is certainly possible, we will either fall back down or form a new longer term range between $7000-$8000. I think both scenarios are bullish enough to satisfy people for now. In the end everything is better than seeing the price fall under the $6000 level again.

Only the SEC knows. Everything is set up the way it should be set up legally, and there practically is no reason to reject it other than them not willing to see Bitcoin grow further.

It's said to be worth around $130 billion but that's peanuts in the grand scheme of things. Gold is one of the most liquid assets in the world and for that reason these 'discoveries' won't even dent the price. Bitcoin in that regard has a lot more maturing it needs to go through. If you have $100 million worth of Bitcoin to unload, you can easily tank the price down with 25% and depending on the exchange, even more than that.

EOS for example raised around $4 billion in Ether with their ICO, which is pure madness. They have enough coins to absolutely tank Ether down to the bottom if they want to push it back in the market. This is a proper example of how one event can and probably will significantly affect the price of an illiquid asset.

That's a solid first step.

If people also stop feeding these assholes with exorbitant fees, they won't have much resources left to sponsor their toxic roadmap. It's your (ie, people's) money they use against you. In other words, they have no problems eliminating the one that feeds them. How can people tolerate that? I have never used a credit card and never will. I am not going to sponsor debt and extortion, neither should you guys.

It's mind boggling that some people here call it normal that this happens. It's not normal.

It may sounds weird, but he's totally not into Bitcoin as we are, which is perfectly fine. In most cases people that aren't into Bitcoin don't think it has any sort of value at all, so to see a traditional bobo speak out that Bitcoin could be worth $40,000 is pretty bullish to me. He's just realistic, which is what I like and prefer to see. What's the point of seeing fools throw with $1,000,000 predictions while we're still far below $10,000?

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Also, the article fails to state truth; he hasn't actually said that he invested 1% of his capital in Bitcoin. It's just that the value went up high enough to account for 1% of his worth right now. Based on his 'small' investment in Bitcoin it directly points out that it was done to counter the regular economy and the loss of value of his fiat wealth. Smart man he is.

It's impossible to point out who does what, even when it comes to the spam happening on Bitcoin's network. We can only assume big blockers are responsible for that, but there is nothing that actually points towards them. What if a group of whales are responsible for these spam attacks? Or financial institutions trying to make Bitcoin look bad? There are too many suspects, but no concrete evidence.

BCash has never had a good reputation. They first premine the shit out of that coin, and then mess up badly during the 'official' launch. People as stupid as they were have imported their Bitcoin private keys in unsafe clients they didn't bother to verify, didn't bother to move their Bitcoin before claiming the fork coins, etc.

What's even worse was how a part of the miners temporarily left Bitcoin to allocate their gear to mine BCash. In order to book a few profits they pretty much sacrificed a piece of Bitcoin's network security. Assholes.

It's actually very simple; if the service in question has all the data it needs about you (which it has) to mess you up badly in case the government asks for it, you can be sure that it will happen one day, especially in Coinbase's case. Coinbase is one of the more regulated and government infiltrated exchanges that we have in this industry.

However, considering that the dated transactions haven't triggered any attention after the IRS saga, they probably won't anymore, and I would say to leave them out based on that.

See it as a fresh start. If you're too paranoid, which is entirely up to you, you can still pay the $20 in taxes you think you 'owe' the IRS.

Wrong. It's decentralization largely in the form of cutting out intermediaries.

You don't need someone's identity, just his collateral in digital form. This directly prevents people from borrowing money they can't afford to pay back. Debt is the poison of this world; billions of people struggle every day due to their debt, which to a certain degree could have been prevented quite easily. Spending money you don't have is stupid, especially when you up front know that you won't be able to pay it back.

Bitcoin is whatever I want it to be. The name doesn't even matter if you think logically, the use does.

I predict that the price can go either up or down. This is probably the most accurate prediction of the year. 

Predictions are pretty worthless in my opinion; what matters is the risk reward ratio based on your targets. Good thing about that is that it work both ways nowadays; if you think a certain trade or longer term investment isn't likely going to pay off, then you can choose to counter it by shorting the market. In other words, there is almost no excuse to not take advantage of this speculative market.

We have been flooded with so many bullish predictions that I am actually craving for some high class bearishness. I miss kwukduck a lot, what a diva it was.

Important question; did you really use a wrong 'payment id' or wallet address? If so, then it's your fault entirely and you have to wait for them to solve it for you.

Cryptopia is flooded with requests all seeking support related to withdrawals and deposits, and depending on the value of your withdrawal, they will keep you waiting for a very long time. You can imagine that with so much shit they have going on they won't put much effort in trying to solve something only concerning $50-$100 worth of coins.

The thing with such discoveries is that people only know about them when these vulnerabilities are known to exist. You can't protect yourself against that, because you as noob (not you personally but in general terms) have to rely on others to find these vulnerabilities for you. If nothing is found, you will keep using them as if they are safe while in reality they're not.

Considering that Electrum fixed everything, it is almost as 'safe' as any other solid wallet client out there. I'm using it on a daily basis and it works perfectly fine.

I assume you mean that you can trust the core wallet client 100%? Nope. Software written by humans can't ever be 100% safe. Forget about that.

The only thing is that the more capable the developers are, the less likely it is for them to overlook something; the core developers definitely hold a massive advantage here.

What's the big deal here? It's a business at the end of the day; they want to make as much profit as possible, and they have to please their shareholders, and oh boy, their shareholders love exposure to everything related to the blockchain. It has been known for years that financial institutions abuse their economical position in the market in every possible way. Nothing new here.

Let every financial instition enter this industry; we don't have to use their products, and I certainly never will.

Bitcoin is knocking on the door of the regular economy, and there is no way to stop this level of adoption. Grow a thicker skin.