If you rely on a central entity to validate transactions and whatnot, you technically don't really know what chain you are dealing with. You just think/hope that they are being honest, which they most of the times are, but please, you shouldn't take that for granted. It only takes one mistake or purposeful scam on their end that will cost you a lot of money.

Only when you run a full node you can be sure to seperate fake from real, which is why I find it so important that people run their own node despite the fact that I know most people will not do that.

In the end, Bitcoin isn't a magical save the world or country pill. If the monetary policies suck, the same corrupt political leaders are in charge, etc the standard they use doesn't really matter because they will screw up eventually anyway. I'm perfectly fine to have Bitcoin be an alternative money similar to Gold. People can adopt Bitcoin right now already. No need to wait for any government to introduce a Gold or Bitcoin standard. Screw them.

As long as there is block inflation, it's exactly that, inflation. Only when the last one single satoshi has been minted, miners fully rely on transaction fees, then Bitcoin will start to be a deflationary currency. Why? Because people lose coins for 1001 different reasons. All the satoshis lost directly lower the number of circulating satoshis, and that happens year after year after year.

It's something we don't yet have to worry about because most of us won't live to tell what exactly is going to happen, and how the market will react to it.

People don't know what cheer for anymore. If they read about blockchain adoption they automatically think it's going to be Bitcoin or any of the other shitecoins, but it's nothing of what we value about the existing distributed networks. The whole idea behind private networks is control and privacy for the one in charge, which is the government.

Everyone using that network will end up suffering one way or another. All it takes is a payment to the wrong entity (can be an enemy of the state, crypto exchange, etc) and you will lose access to the network and thus your money. If that happens and you don't own an asset like Bitcoin that allows you to transact permissionlessly and digitally, you have a big problem.

It's pointless to even ask these scammers to sign a message because we already know they can't.

No one disappears for nearly a whole decade to spontaneously sign a message which could inflict more harm than good privacy wise. Goverments would happily use that against him to potentially force him to hand over his private keys and thus his wealth. I'm pretty sure they can make up a case against him to imprison him until he breaks mentally and physically and gives up his private keys.

The very fact that governments aren't chasing after CSW just shows that they do not believe in his scams and lies either.  

In general, whenever we see Chinese articles appear on every news site, it either means we're near a bottom, or have much further room to the down side left.

The market has never really done much based on news. At most it could drive the price up or down a bit in the shorter term, but zooming out, it's not making a difference. In the end, the charts tell the real story, and the charts indicate more room to the down side. Conservatively speaking, low $6000's is quite likely to happen before the end of the year, with or without China ruling the headlines.

Yobit has always had very poor customer support. The owner never bothered to care about complaints because the only thing that matters is efficiency of the operation.

If an exchange has been consistently bad throughout the years in terms of customer support, who should we blame, yobit or the users who complain about bad customer support? I personally go for the latter. A quick search on Google would expose the insane number of complaints across various social media platforms. It's basic level reasearch you can do yourself.

It could easily take another 24 hours, mainly so with how one large price swing can add another +10,000 unconfirmed transactions as people move funds back and forth.

This is a useful site to look at what the going fee/byte rates are; https://jochen-hoenicke.de/queue/#0,24h

On that site you can see that your fee is peanuts compared to what people are paying to get their transaction confirmed in the next couple of blocks.

It's important to differentiate between an exchange and a web wallet. Coinbase is an exchange, not a web wallet. Blockchain.com is a web wallet.

If you are only using their wallet service, then you don't have to kyc verify yourself. If you claim their 'free' shitecoin giveaways, or you plan to buy Bitcoin through their platform, then you have to kyc verify yourself. That's how the situation is right now. I wouldn't be surprised if even their basic wallet service will eventually require kyc verification. 

That's one big aspect of getting it wrong, lol.

What useful and unbiased information do you think you can get from a news source that 1) doesn't understand Bitcoin, and 2) has been reporting fake news to make Bitcoin look bad.

I'm pretty sure there has been some institutional presence in the previous years, but they aren't building the infrastructure to unload their bags. If that was their intention, they could have done that easier without the infrastructure we have today, which they spent millions uppon millions on and in some cases they suffered reputational damage like CBOE.

CBOE withdrew its futures and they can't get an etf to be approved despite their continuous efforts. It's the second largest exchange known to man, yet they can't force success.

Their current "limited etf fund" hasn't attracted much capital at all. It's truly a fail. There is currently only ~64BTC in the fund, and we don't know if these funds belong to Vaneck or actual institutional investors.

It's technically not even about Bitcoin's security since most people don't care about that. In fact, it's mainly Bitcoin's network effect that makes it so desirable. If you look at what coins are being listed the first on exchanges, it's always Bitcoin. If you ask people in crypto if they accept Bitcoin, even when they are hardcore altcoiners, they'll do it.

By always being the first with everything, you position yourself stronger in the market year after year. Look at the volume of exchanges that are reputable, it's Bitcoin as single coin that generates most of the volume. XRP is truly a joke with just $20-$40 million in overall volume when you look at its market cap. Ethereum is doing better on that front but it still is no match.

With lightning faster and cheaper transactions can be tapped into already. I'm using it on a daily basis and thus far haven't had a single transaction fail. The only inconvenience I experienced thus far was that it took about 30 seconds for a ~$200 transfer to settle (likely related to routing) but it settled. The fee was a whopping 26 satoshis, which on lightning is a lot actually.

If I for a second worried about an altcoin that potentially could overtake Bitcoin in every aspect, I would be holding quite a chunk of it. I don't see it happen.

I always found it funny to see people state that altcoins have more utility. If people actually cared about altcoins with utility, they would use them instead of dumping their coins the moment they see Bitcoin go up.

The only utility Bitcoin doesn't have but altcoins do, is that altcoins work as leveraged instruments due to their low liquidity, which traders exploit to accumulate satoshis faster. If you ask people why they trade altcoins, most will confirm that they just want to grow their Bitcoin position. They do not care one bit about altcoins.

I know of someone who transferred money to the wrong bank account without getting it back. You know what the bank recommended him to do? Transfer a penny to that bank account and ask in the description of the payment if the wrongly transferred money can be sent back. Obviously, that didn't happen.

It could be different per bank as each bank handles a different set of policies, but the days where blatant mistakes from your side are refunded are nearing their end. Theft, phishing, etc is still being refunded but I'm not sure how long that will last.

Your only shot at getting it back is to quickly double spend with a much higher fee as long as the transaction is still unconfirmed, but that's not an action the average user here knows how to execute.

The sooner weak hands sell the sooner we have a bottom in sight. I'm pretty sure that people currently are unsure what to do; to sell or to hold and risk further loss in paper value.

In general, people who are considering selling are better off doing it right away. The longer they keep thinking about selling or not selling the lower the price will be they end up selling at. It's pointless to let yourself suffer in a down trend because the trend will not miraculously reverse. It generally takes many months and perhaps even longer than a year.

It's always the same, when the price is going up you'll see plenty of bullish charts explaining how we could reach $100,000 and beyond. When we are going down you will see plenty of bearish charts explaining how we could reach $3000 and in the worst case even $1000 and lower.

Anyone expecting the price to reach $3000 and lower is delusional. The next bottom will be higher than $31xx. How much higher no one can say, but I do not expect it to even wick below $4500. The 200MA on the weekly is quickly approaching $5000 and that will prove to be the best recent entry point for Bitcoin.

Important to not forget; the fact that we this year didn't see a super duper bull run similar to 2013 and 2017 means that we won't see a similar corrective aftermath. There simply are fewer speculative hands to shake off.

I just couldn't resist the temptation of adding more spot to my position below $7000 and that's what I did. I still don't think that we're out of the woods yet, but man, buying Bitcoin at current levels is better than any black friday deal out there. Why buy garbage you don't need anyway while you can buy Bitcoin today. 

With the block halving approaching its a no-brainer to start accumulating. Don't go all in but make sure you buy with smaller fractions (10-20% of your balance) per time. If the price drops further lower, you at least have enough fiat ready to keep adding to your position and lower your average entry point.

https://support.kraken.com/hc/en-us/articles/360001474046-Bitcoin-Cash-BCH-and-Bitcoin-SV-BSV-replay-deposits

https://support.kraken.com/hc/en-us/articles/360029029592-Bitcoin-SV-BSV-delisting-

Not sure what Kraken is looking into, but you should not expect anything from them. They will not credit BSV, nor do any attempt to send them back to you one way or another.

Sorry for your loss.

It is bad news. In fact, Binance and a bunch of other exchanges may be illegal within your jurisdiction too. Something being illegal by law doesn't make it by definition is a scam. The only thing China cares about is to lower the freedom people have, and by shutting down exchanges people have fewer options to buy/sell Bitcoin.

China hasn't done anything as far as I can remember to help its people. It has done a lot that I know to work against them, punish them harhsly and control their life where possible. People there are getting scammed more by their government than actual scammers.

Coinbase has listed quite a few shitcoins in the last 12 months and they will continue to list more upon approval. They have established themselves as top exchange and they haven't had any problems allowing people to withdraw fiat, which generally tends to be a problem many other exchanges struggle with every now and then.

I like Binance entering the us market just for the purpose of having a large player compete with Coinbase. I'm however not sure if Binance will have success on that front. Binance's main success was to disregard regulations, which they can't do anymore with their us trading arm. It could very well end up being the next Bittrex or Poloniex.

It's extremely useful if you are speculating on price movements, either short or long term. In a nutshell, it makes life easy for you as trader/investor.

I started out with the free to use version, which for most people is enough to just stay on top of what is happening in the market, but I'm at a stage where I need more indicators and features that I can utilize. I agree that is expensive, but as pointed out before, that's why I am so grateful for the black friday sale.

From the sentiment on social media, more people are eagerly looking forward to the discounts provided by tradingview for their paid plans.