this is the key problem with your idea.
your only base for calling some funds lost is the last time they have been accessed. so what you are calling "lost" others may call their "retirement funds".

if it is irrelevant why did you say it
and i already voted, i forgot to also mention it in my comment. .... i think it will be a popular payment method in a couple of years. specially with Lightning Network active and possibility of fast and cheap micro payments. and as bitcoin grows more, its price becomes more stable and that helps with the first part of my last comment, it removes part of the greed so people are more willing to spend it.

nice effort. but this is basically forcing people to move their coins. maybe i like to buy 1 bitcoin and hold it for my retirement and i don't care what happens during that time. my retirement is not for (lets say) 30 years. with this you are forcing me to move my coins against my will every couple of years.
and that creates a large number of on-chain transactions that wouldn't have existed otherwise.

i haven't really checked this but i believe UnitedBitcoin (UB) is already doing something similar to this. you may want to see for yourself what the differences are: https://www.ub.com/

one of the best ways of investing "what you can afford to lose" is to invest the money that you are wasting. Andreas Antrapolos once said, invest the money that you spend on a pack of cigarette for example. cut something bad and invest that money in bitcoin.

i am still not convinced about altcoins in long term though! i consider them as a much higher risk than bitcoin while having a much lower potential than bitcoin. which is why i prefer only keeping my money in bitcoin.

despite the recent correction after the big rise, bitcoin is still in bull mode and it is rising but slowly. unlike last year's surge of investors, this year it seems like market is much calmer and because of that we have a much slower rise. this means it won't reach $15000 by the end of February which is only 10 days away. but we may see $12000+ by then.

"Can't" is not the right word to use here. it is more like "won't". because we can use it as a currency and many of us are using it, but also many choose not to because of volatility and the greed that creates.


no it is nothing like gold. because you can never use gold dust to buy something even if it is valuable since the other party can not easily verify the authenticity of  the gold dust. it may be rust for all he knows. but with bitcoin he can easily verify it and never get scammed and you can use a small amount of bitcoin

this speculation came out more than a month ago. in fact it is more like the January effect for bitcoin: https://bitcointalk.org/index.php?topic=2767038.0 and it happens every year where we have a sizable drop in price of bitcoin.

i seriously doubt that anybody is actually "cashing out" for any holidays or festivities or anything like that because it is absurd! you never hear people selling their stocks, golds, real estate, ... or any other kind of investment to go on a holiday. they instead use their profit from these things, their bonuses, their saving,... to enjoy the holidays!

since it already happened there is no more "fuel" left in this news to cause anything at all in the market. so i expect nothing because of it.

FYI just because you hear something repeated a lot on the internet, specially on a forum, that doesn't mean it is going to happen. for example back when price was falling and it was around $7000 a large number of people on the internet were saying that it is going down to $2000 and low prices like that and then recovers. now you see what happened.

ps. not saying 20k won't happen. i am just pointing out some facts.

bitcoin was the first full blockchain based cryptocurrency. so you can say bitcoin was somewhat the original idea to create a decentralized (peer to peer) digital cash or cryptocurrency.

as it grew bigger and gained more fame, since that "idea" was interesting and also since bitcoin has always been open source a lot of new projects were created to explore new ideas. for example Litecoin was created to have faster blocks and a different mining algo. namecoin was created to have a blockchain where you can store data inside its blockchain so to create a decentralized database which can now be used for domain names. there are a lot of different altcoins now, many of which have pretty interesting "new ideas".

at some point people realized that on top of the "idea" being pretty interesting, it can also create a lot of money due to being a "currency". and that led to creation of thousands of copycat coins where they simply copied code from another (still open source) projects and creating their own coins without adding or changing anything of value.

so now we have two groups of altcoins:
1. those with something new to offer which are exploring new potentials of blockchain technology.
2. those which are simply poor copies of the first group which stay around for a while and get pumped and dumped before dying for good.

if you have the time and can endure the stress and hard work of day-trading then that is the choice you can go for. it is a good profit because bitcoin is still pretty volatile and if you can speculate it accurately most of the times then you will make profit most of the times.
regarding altcoins, day-trading is the only option that is good enough. long term of altcoins is high risk at best and they are very unpredictable.

if you can't do the above then you choose long term investment. also if you don't like using exchanges since they are all pretty crap then you also choose long term investment.

these news sites which are repeating the same news have clearly never visited any exchange or possibly even bought any amount of bitcoin in their lives.

the fact is every exchange out there has a withdrawal limit. this address which all these news sites are claiming to have been buying bitcoin has received transactions as big as 6600BTC or nearly $72 million. no existing exchange has that kind of withdrawal limit.
they usually are from $1000 to $10000 at best.
https://www.bitstamp.net/faq/
https://support.bitfinex.com/hc/en-us/articles/115004565993-Minimum-Withdrawals
https://support.kraken.com/hc/en-us/articles/215357547-How-do-the-withdrawal-limits-work-

and if it is just based on transaction amount, then why did they choose this particular address?!! there are lots of them that are receiving large amounts of bitcoin every day. for example you can visit this link: https://blockchain.info/largest-recent-transactions and see the biggest amounts only in past 24 hours. right now there is on 1603BTC in the list. so why don't they talk about that?

not to mention that when you search that address in wallet explorer you can see the connection with Huobi exchange https://www.walletexplorer.com/wallet/e8fb61953c163500?from_address=3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64

fluctuation is NOT the same as pump and dump.

the rises and falls that you see in bitcoin are normal changes that happen in any market due to supply and demand and the way they change. and being a small market these changes are sometimes bigger.
pump and dump on the other hand is a manipulation of a market which is happening in altcoins https://en.wikipedia.org/wiki/Pump_and_dump

of course i would have said the same thing if i became a multi millionaire by simply premining a coin that is then pumped by banks to the moon!
he didn't even invest in his own creation. he just released it and BAM! he became rich by dumping a small part of the premined coin he held. and the worst part is that his project (ethereum) is not even good!

people don't care about these things! they buy in hopes of profit, they hope the price goes higher no matter what it started at. and with pumps and dumps it does go up and down and they sometimes make profit.

the thing is they don't care if they can withdraw it or not. they don't even care of it is an actual coin or even if it has a blockchain!

i am on a forum in my language where i try to share what little bitcoin knowledge i have, back in May 2017 someone contacted me begging me to help with with a transaction of a coin that weren't even being mined for over 6 months. and it was getting pumped at the time with a huge volume!

the only reason i can think of for the lower price is that Gate has opened the "flood gates" (aka deposits)! specially since the constant drop started right as they opened deposits on 28th https://gate.io/article/16323


https://i.imgur.com/qAhaZ5s.jpg

Yobit is one of the shadiest exchanges that i have ever seen but strangely enough they have not scammed anyone until today. their service sucks and you may get your deposit/withdrawals stuck for weeks but at least there has been no scams like big exchanges such as Bittrex pulled!!!

they also have one of the worst APIs that i have aver seen. it is just horrible. it is slow, and it sometimes returns weird information for example when i cancel an order or place one it gives me my balance too! which is a waste of data and slows things down, specially if your list is long.

i also use Yobit for the same reasons! to get or dump the coins i got from forks. and as long as i am only dealing with bitcoin in my deposit and withdrawals i am fine!

so far during each market wide down time when everything you look at is red on coinmarketcap.com, there are always a bunch of altcoins that are green. there are actually a lot more than just 1 or 2 that you see on the main page. if you go to the ALL page where it lists all the 1700+ coins you will see more of these.

and these are simply smaller unknown coins which are randomly getting pumped every day regardless of the general market direction. the reason is their smallness!
try not to read too much into it.

i agree that the demand for bitcoin is increasing but unfortunately a big part of this demand, specially a big part of the money that is going into altcoins, is purely based on hype and is coming from a lot of newbies who want to make a lot of profit in a short time.

this created a lot of bubbles in the market. the bitcoin bubble luckily burst and we are back on track but i am afraid altcoins may still be in a huge bubble that may not end well.

the link to the "proof" that you repeated twice is already posted above by gentlemand literary in the first reply to this topic. did you bother to look at it?
do you even know what "blockchain analysis" means and what "walletexplorer.com" is doing?

bitcoin "pullback" was over a long time ago when it reached the bottom actually and we became sure of it near $8500.

and as i said back then in the dip, if you wanted to invest you should have done it as soon as it reached the major resistance meaning $10k because it was proof that the recovery is for sure going on. and above $10k is just on the rise.

i don't know what you have in mid when you say "hot potato" but bitcoin price is rising and will continue to rise because there is an increasing demand for bitcoin while the supply is fixed.


not it is not a 50/50 chance and it has never been like that.
in long term there is a 99.99999% chance that price rises.
in short term the chance changing constantly. for example when price was $10k last month there was a small chance like 10% that it could drop lower than it but it did happen and as it reached $9k the chance for bigger drop was increased (90%) because panic was at its highest back then and it did drop more. the when it reached $6k level the chances for drop was low again (10%).

now that price has recovered and is showing signs of more rise the chance of rise is high and it is a lot higher than 50/50!


it is hard to say. that is a big rise for only 1-2 month and a rise like that needs a solid reason or a big hype and we have neither of those.
a slow rise like what we are seeing is more possible.

many trolls consider themselves "experts" and make random guesses, don't take them seriously.