Well people who typically HODL in this kinds of situations are people who are experiencing a loss, a paper loss at least. They don't have any choice but to hold their position as they are trap on a negative portfolio. Selling at this point is also not a good idea as you might not reach the ideal drop point because we don't know when exactly Bitcoin will drop. If you really have a trading plan then you will know what actions you will do in this kinds of situation. You don't have to be a whale in order to get rich.

There is a break down on a weak bear flag which has confirmed the process, expect Bitcoin to drop up to 7,200$ (or even more) but we can expect Bitcoin to bounce right back up again in 7,400$ (although this bounce probability is low). The MACD bullish crossover was not enough to stop the break down formed in the hourly chart but the crossover is a sign that Bitcoin could be back on a bullish trend in a short period. Cutting losses now might now be a good option as we don't know how deep will it fall or will it even fall.

I couldn't blame them, with the market being this indecisive putting all your money back to Fiat is the most safest position and I consider it a smart move as they can buy back in when a confirmed break out happens, and also they can buy back again when it has bottomed out giving them more Bitcoin at the end. Even if you are a believer of Bitcoin's progress putting your money on where it is safe doesn't mean you have lost trust on Bitcoin, you just want to play it safe on your end.

Yes of course what else would the organization be able to receive aside from cryptocurrency? But to keep things realistic your scenario seems to be impossible, at our current technological progression I don't think that we will be living on a purely digital payment world not for the next 100 years. Factors such as old people not digitally inclined to some of the people don't even have access to the internet yet. Going purely digital  is not possible as of the moment, and fiat currency will still exist because of that.

From what  I am seeing I don't think that what you are saying is true my fellow member. I have yet to see a shred of evidence that banks and governments are teaming up in order to destroy Bitcoin or any cryptocurrency in that matter. Evidence such as a formal legislation banning Bitcoin which until now no country has come up on creating one. Even other governments such as Venezuelan government has created their own cryptocurrency as they have seen the potential of it. Also other countries like Japan and Korea have their own crypto markets being regulated by their governments, that can be simply seen as support being given by the government.

Damn, talk about abandonment of a project, I can't even call it a "success" as they leave after raising money from the ICO. Leaving the project would only incriminate Steven Seagal more as if he is not guilty of his acts he won't be leaving the team as brand ambassador. This is not a good news in any way. The founders are also leaving the cryptocurrency they have made. Try putting yourself in one of the investors who purchased their cryptocurrency, I won't be at ease as this shows that even the founders are not even confident wit their own cryptocurrency growing.

It is funny how people relate a certain month or even an exact date from last year where Bitcoin will do the same move again. That kind of analysis is not even called Technical Analysis as you are not even analyzing something, and guess what its not even accurate. Many also predicted that the beginning of March is the start of the Bull Season for this year on the basis of its price action last year, and it turns out to be not so accurate as Bitcoin is still on a downtrend, it is better on doing your analysis on the present Bitcoin chart right now rather than connecting its price movement on its previous year.

Massive Head and Shoulders forming on its 4 hour chart, haven't notice is since I was focus on the hourly chart so much that the falling wedge is just part of the right massive shoulder. If Bitcoin don't stay above 8,000$ soon this might be a big drop which is this time much lower then the 5,900$ we have experience last time. Right now Bitcoin is hanging around 7,800$ and the market is yet to make a decision out of it, let us just prepare to what is coming to Bitcoin.

I don't think we can relate cheating in sports to cheating in gambling. In sports the player can be the one cheating or be bribed at to intentionally lose the game, but in gambling cheating is a harder thing to do as the casino or the site always have the edge. Cheating here sometimes involves a lot of people or lookouts for the cards or if it is a machine then you need some kind of program to hack into their system. Not to mention that cheating inside a casino is considered as a crime compared to cheating in a sport which will only result into fines and penalties, or a permanent ban as its worst penalty.

I don't think an investor has a concern for Bitcoin being a legal currency but one of its main concern is the price itself. A lot of people who have entered in the cryptocurrency market are newbies and all of them don't have any trading plan and don't know what to do with it. The price movement we are seeing now is the bears dominating the market as everyone is pressured selling their cryptocurrencies in anticipating for a price drop which can occur and all of them are helping it to go down more.

I have to disagree with you on this one. If you remembered before during the early parts of the rise of Bitcoin optimal network fees are around .0008BTC to as high as .00125BTC which is really unreasonable during that time, right now network fees can go as cheap as 805 satoshis which roughly translates to .06$ which is a lot bigger compared to what we are paying before. What I can say now is that the developments made by the team really had a good effect on lighting out the load inside blockchain, the price of Bitcoin right now is really irrelevant on the price reduction in their network fees.

The king has fallen and its followers go down with him. What else can we do to what is happening in the cryptocurrency market right now? I am seeing two options we could either mourn or take advantage of the situation, like in the stock market money is made on the bull market but on a bearish market, Warren Buffet has bought and go all in during the recession and look what happened to him? He is one of the top 10 Billionaires right now without a business like Apple or Google just pure investments and financial help. The price drops are our opportunity to be one with the pack let us not be sad about what is happening to the market right now.

It is hard to make Bitcoin be a bearing for inflow and outflow of money in a country as it really has real value in itself meaning if you buy it in a country for dollars then the Fiat currency will still stay in that country. Think of Bitcoin as a product being sold by someone locally if you pay via their fiat currency in exchange for Bitcoin, he will receive it and the money he will receive will be counted as profit. As long as you are receiving its value there will be no outflow of Fiat from your country.

It is funny how wannabe members claim its a scam when they are trying to withdraw money from their faucet winnings which technically if allowed by Bitsler means they are giving away "free money" for players who really don't play or even deposit their own money into the gambling site. We need to wait for his reply if it involves his own money but I doubt Bitsler will be holding or cancelling a withdrawal for that reason.

Based on my observation the 11,000$ level is the most weakest resistance as well as support, we have seen at least 4 re-test on that level since the drop from 20,000$ and all have the same or similar situations where it will only stay for a couple of days and immediately drop back below 10,000$ level. 12,000$ is what we can see as a better level to break as we haven't seen Bitcoin go back up in a very long time now. So if you are looking for a short term trade I would suggest on selling Bitcoin near 11,000$ and buy back it as soon as it drops and bottomed out.

This is a fair thing to do by the U.S. Government, when the time comes that their citizens know that is is more easy to create a cryptocurrency exchange account compare to opening a stock brokerage account they will choose to trade in the cryptocurrency market. Also this can be their way of screening all of the ICOs entering the US market, the screening process will guarantee that their are no security tokens that will turn out to be a scam, their registration with the SEC will verify their existence as well as their legal capacity. This is a step up for their upcoming market.

Even before Bitcoin existed we are living in a semi-cashless society because of credit cards, debit cards, and other online payments like Paypal. I could say "semi" because all of it still uses its Fiat currency equivalent like when you are buying shoes for 100$ you will be paying 100$ + transaction fees for the purchase, Bitcoin as well is the same, you are paying the amount of Bitcoin equal to 100$. Our mode of payments now are cashless but all of the values are being based on Fiat currency so technically we are not living in a cashless society as our Fiat currency still exist together with other modes of payment.

The possibility is there as even right now there are cryptocurrencies that are better than Bitcoin already, Monero is more anonymous than BTC, XRP has faster transaction speeds compared to BTC, however they are defeated to BTC as it is the most popular cryptocurrency out there. What I am seeing is that Bitcoin will be surely replace by another cryptocurrency but it will take a long time to do so as a lot of people are still going to buy what is the most popular and that is Bitcoin. Bitcoin's days are numbered we just need more people to get familiar in the cryptocurrency market.

I am more interested in how they will do it compared to what will they do with it. Creating a task force which is formed by the Bank of England itself is not a good start, I mean Central Banks from the start doesn't have a good history on siding with Bitcoin. This Task Force should focus on things that will support it instead like establishing rules for companies on how they will accept cryptocurrencies and not about monitoring crypto directly.

With the current price Ethereum is in there is no question that Ethereum is one of the best bargain buys out there that this red market has come. With Ethereum almost reaching 1400$ (1600$ in some exchanges) you are looking at a potential of 300% gain when you buy Ethereum at the 500$ level, and that gain is only expecting Ethereum to test its ATH, what more if ETH can break it this time. If you are a believer of the cryptocurrency market then ETH is one of the best buys right now, you can even consider yourself safe us other bottom holders.