If you look to diversify, the top 10 is generally the safest route to follow, but people as greedy as they are, they prefer to pick a few smaller coins and then go balls deep in them hoping to bank on a pump.

The reality however is that people end up losing most of their money that way. As far as Digibyte goes, it doesn't add any real utility over XRP, and that's definitely reflected in the price of Digibyte.... it's just another pump and dump coin.

CME maybe. Bakkt definitely not. Bakkt has failed and will be reduced to a meme, which it already is to some lower degree. I don't understand why people still try to make it look like a fundamentally important development.

It's better to move on and focus on developments such as taproot+schnorr implementation. It will be a moment to actually celebrate as these are big fundamental developments that add utility to Bitcoin.

Bakkt has done nothing but offer traders a reason to short the news of Bakkt going live. People who did so ended up making a good bit of money, while fundamentalists believing in Bakkt and their impact got nothing at all.

That's true, but it still doesn't mean Bitcoin has to increase to some random $xxxk price level, especially when there are many platforms offering CFDs and other similar cash settled contracts to trade the price of Bitcoin.

Gold has been bought a lot into by central banks throughout the years, yet it had no impact on the price at all.... this is because of how many cash settled contract platforms there are allowing people to easily gain exposure to gold.

Buy today to regret it tomorrow? I consider the current chart formation to be indicative of a falling knife, which is something you shouldn't touch if your sole goal is to make a quick dollar or two, unless you're going short of course.

If we're talking about dollar cost averaging, it definitely doesn't hurt to buy the market down with small buys every week or every other week.... it's much better to do so at current levels than when we were above the $10k mark.

Everything just points at very strong presence of the bears and that's not going to end without a fight.

It would present an opportunity for Bitcoin to disconnect itself from the legacy monetary system, but that's something I don't expect to happen with how everyone will live in fear of what has to come.

Buying Bitcoin is not going to be on anyone's list in case we see economies collapse.... institutions and rational investors will do everything to unload every single satoshi that they have, which will drive the price back to $xxx levels.

People need to accept that Bitcoin is seen as a risk-on asset, one that thrives much better with a strong world economy than vice versa.... so in other words, don't hope for a recession.

Not only that, but I'm pretty sure that it will be offering interoperability between their network and the seperate banking networks for even more control. It's going to be a cage the regular folks won't be able to escape from.

All so that the governments don't need any permission from a bank to reverse transactions and freeze balances, but do it themselves at any time of the day.... this is something that won't only happen in China, but also globally.

It's a scary scenario that will be playing out in the coming years, but one we can somewhat prepare ourselves for by parking a chunk of our wealth in Bitcoin.... anything we can save now will bring you closer to financial freedom later on.

It's indeed very likely that we will see the same scenario unfold, but with less damage this time considering the fact that we have not had an extremely parabolic bull run similar to 2013 and 2017 so there is less to shake off.

Obviously, that's just an opinion of mine and we can still head for much lower levels.... markets don't always have to repeat the past, no matter how much fundamental growth they have gone through throughout the last couple of years.

Exactly. I find it quite disturbing how people regardless of what scenario of economical difficulty you throw at them, they always find a way to make Bitcoin come out as a winner to the point where the price reaches an insane level.

Even more disturbing is the fact that I have seen a lot people here hope that we will go through a global recession, all because they (absolutely wrongly) think that Bitcoin will be the safe haven people will flee to.

If there is a global recession every single asset will be sold off to pay bills, put food on the table, and so on.... even gold will end up being sold down brutally because it is just one of the many speculative assets that people hold in their portfolio.

People don't seem to be aware of what Bitcoin is at all, simply because of how they are so focused on making gains. They always calculate back to a dollar value because that's what they are after at the end of the day.

I think it's fine that there is so much interest in the profit making side of Bitcoin, because people need an incentive to be here.... most of the perma bulls didn't start out as perma bulls, but as get rich quick noobs.

Also, the very fact that we still calculate back to the dollar value of Bitcoin, it perfectly shows what the actual dominant currency is..... definitely not Bitcoin.

The whole hype around ICOs has definitely come to an end, and the same seems to be the case with IEOs that a lot of people expected to be the next big thing after the ICO hype.

It's hard to think of a similar scenario to occur once again, especially with how badly REKKT people are---most ICOs are down at least by 90% which just isn't something you can pull off on retailers once again.

I doubt old investors will be trapped in once again---all you can hope for is another major pump that will attract news fomo capital because people love to buy the thing that has gone up a lot in a short period of time.

I just want proper support.... it's one of the reasons I hardly ever use an actual spot exchange anymore, but only smaller local exchanging services where I can get in touch with support in a matter of minutes.

I get why it's not feasible for large spot exchanges to offer support within a time frame of 15-60 minutes, but it doesn't need to take days or in some cases weeks either, especially with how volatile this market has always been.

Waiting a few days to solve deposit/withdrawal problems is literally something that can make you lose out on thousands of dollars in value because you can't do anything with them.

People think he's rich and prestigious, while the reality is far different---we are dealing with a drug addict that has to maintain a certain income to fill up his nose and buy whatever other garbage he now depends on.

I don't recall him having had any success in a legal way.... his most profitable (profitable for him only) job was to promote scam ICO's, where he even accepted a huge payment from an ICO to have their logo tattooed on his body.

Tether shouldn't be in any list because it's a stablecoin. I find it quite annoying that a lot of index sites have Tether with its $4 billion market cap weigh heavy on the market cap of Bitcoin. It should be put in a seperate stablecoin category.

BNB is something I can see do well if Binance manages to find a new utility that requires people to buy and hold it, which thus far is kinda limited with how the IEO hype has been losing a lot of momentum.

As far as BCH goes, I don't see it add any utility over the hundreds of other coins doing the exact same thing.... this is a coin I wouldn't ever consider to invest in for that reason, and then there are also the toxic people backing it.

I'm hesitant when I see an exchange offer staking services because you know that they hold the coins for you and you can only hope they don't mess up somehow or that they don't get hacked.

I'm personally looking forward to Ethereum to go POS as that is one of the main reasons I started buying it. It's something a lot of people are focusing on and that for a good reason obviously. I however don't think it will happen any time soon.

I remember the days where Poloniex was consistently generating over 100k BTC in altcoin trading volume every single day, especially back when Ethereum was coming up.... it was one heck of a high profile exchange.

I still have screenshots saved from when the ETH/BTC pair alone occasionally peaked over 150k BTC in daily volume on Poloniex. Times have chanced and so did the environment within exchanges have to operate.

From Poloniex the volume shifted to Bittrex, where suddenly Bittrex for a short period of time became the largest exchange based on volume, and now Bittrex is just a mediocre exchange compared to what they were before.

It's the most visited crypto related site in the world by far, so a lot of people use Coinmarketcap to get their pricing and volume data. I use them too to get an overall view of the market as a whole, which they do work quite well for.

As for their volumes.... it's one big shit show, that I agree on. I always visit the exchanges themselves to get an idea of their volume or use tradingview, which both work much better.

The thing with Coinmarketcap is that they provide a free service and for that reason can't really be blamed for any damage caused, because at the end of the day, you're responsible for doing research yourself.

Halving equals less inflation.... it in no shape or form equals Bitcoin to be more scarce than it already. Scarcity in Bitcoin doesn't always play much of a role because during a bear market there are more sellers than buyers.

When there are more sellers than buyers, it can take a while for the ratio between supply and demand settles to a point where the price stops going down and moves sideways for a while to later start appreciating again.

It's all guessing that people do. I strongly believe that whatever we read should be taken with a grain of salt, especially with how I don't trust surveys that can easily be manipulated.

Overall, the phase of the market matters as well, because what I do know from experience based on what I saw happen around me, is that they are more likely to fomo into the market when they see the price go up.

Per individual the amount might not be too significant, but when tens or even hundreds of thousands of them fomo into the market, that will definitely move it significantly.

In what way does Africa depend a lot on Bitcoin? I haven't seen much actual evidence of use in any country that's going through a rough time economically. It has been hyped up a lot in the last year or so, but not much has come out of it.

If we look at the LBC volumes of Venezuela for example, which according to people has seen an explosive growth of use and demand lately, the volume in us dollar has actually gone down instead of up.

I know that people would love to see Bitcoin help people in Africa and south America, but we shouldn't blindly follow what news outlets report about.... so much adoption happening according to them, yet no signs of evidence.

I don't really add too much value to wallet balances because whales more than ever tend to reduce the risk of holding a lot of coins in one address by distributing their coins amongst a multitude of wallets.

I'm a small fish but I have distributed my coins amongst multiple wallets too, and with me there are a lot of other people who did so. This mass movement of coins to the clueless people might appear to be mass adoption.

No doubt there are new investors entering the space, but news outlets always like to exaggerate every metric to make it appear that there is a lot going on in crypto land, while the reality isn't all that exciting at all.