It will happen. Such big rises in short time don't come without people taking profits. I did that and smart people were slowly selling into the bullish trend. The worst thing that you can do as an investor is buy now after the price has moved by 2000 dollars in a matter of days.

I know that we are in a reversed trend and people are going crazy but it's better to take it slow instead of buying into the FOMO and regretting it later.

I don't get why people would choose to play on some new shady sites instead of choosing one of many well known casinos with trusted reviews and active staff? Those who do are probably new not only to gambling but also to cryptocurrencies and fall victim to scams like cloud mining clients and people who buy trading tips from youtubers

It's not about not being a stupid gambler. The key is to not be stupid in life. If you are stupid online you will sooner or later lose money buying into a scam and it doesn't have to be a casino.

In order of importance
1. Reputation
2. History of big wins and bonuses
3. Freebies of any kind like signature campaigns faucets giveaways that allow me to play without making a deposit
4. Community and responsiveness of the owners
5. Fast and cheap withdrawals
6. Referral programs

I keep my coins offline. I use exchanges only when I want to trade and I never send all my money to a single one and I never use a single transaction to do it. I use safe passwords and more than 1 copy of my wallet in a safe place. I don't tell people around me that I trade cryptocurrencies. The less people know about it the better.

It's a nice thread that will help people understand the definitions.


Ponzi scheme is an American thing. In Europe we don't use this name and instead use pyramid scheme and mlm to describe this. Ponzi scheme was repeated by another proud American Madoff who did the same thing. There were no levels in his system just him on top stealing from everyone and lying to everyone.

I like the idea and hope somebody will find the courage to at least try to register the church of bitcoin. We had a flying spaghetti monster church so why not the church of satoshi or something like that.

Aren't you worried that if they prove that satoshi was really the CIA or NSA or worse a group of Indian hackers it will all be a shock to your believers?

The only thing I find interesting is how close we are to what the index was showing in early 2018 when the price was returning to above 10 thousand dollars after the first wave of sales. It was the time where Tom Lee was telling us that it's only a small correction and we'll be back above 20 thousand in no time

Besides that the index has no point because it shows low points every time bitcoin drops by a lot and high points every time it goes up for a while so it's showing the obvious.

Are you ready to repeat it? We went past 6500 on bitfinex. 2 days ago many people including me thought that it will be hard without a correction and here we are.
Look how much can happen in 2 days. With bitcoin almost anything is possible and I wouldn't cross out the possibility of it going to 10 thousand this year.
We are back in a bull trend for the first time since 2017 it's confirmed now.

They could do it. There were cases of exchanges blocking stolen cryptos before.
If hackers are smart they will buy monero or zcash to better hide the coins instead of trying to mix them. While CZ is doing his talking hackers could be talking with some shady exchanges like yobit to help them launder if for a hefty fee.

I bought mine at 120 dollars this year so I'm holding some cheapest ETH you could get. I missed the opportunity to buy at 90 but you can't have everything I'm still happy with what I got.

If Bitcoin keeps going up ETH should follow but with some smart contract competition this year it's going to be much harder for ETH to go close to 1000 dollars even if BTC reaches its ATH from 2017.

This congressman shows the attitude of US government. If we can't buy it, threaten it, take it by force, we'll try to destroy it.

He won't get the majority to support it. This idea is too controversial. What about the politicians who take donations in Bitcoin? The Trump administration is not against cryptocurrencies. Banning it would be against the ideas of capitalism that Trump and his followers worship.

More importantly it comes from a guy that was telling people that they have unscheduled maintenance going on and funds are safu while his staff was running around in panic looking for missing millions of dollars in BTC. I wouldn't trust anything he says!

They should hire someone to run PR because the CEO has no idea how to do it but he's too proud to admit it.

They will as long as Bitcoin continues up. Altcoins are lagging behind as always but if there's a big correction on bitcoin the altcoin boom will not happen. I agree that altcoins will show bigger gains than Bitcoin in the coming weeks if Bitcoin delivers but they won't move if it goes back to 5000 which is still possible.

I sold my tradable stash of Bitcoins before 6000 and kept only altcoins so I'll be waiting for a correction.

With the way it's beginning to look I don't think any altcoins will outperform BTC this Summer. If we enter another exponential we won't stop below 20 thousand dollars again just like the last time when we approached 1000 and went through like it was nothing.

 I thought we wouldn't break 6000 especially with everybody saying that strong support acts as strong resistance if it gets broken and here we go.

It's not a big blow and the price is showing it by going up instead of down. It's a big blow to Binance but crypto remains unaffected. There's a chance the money is lost and there was no hack but an attempt to move the coins to a segwit address. If this is true Bitcoin became even more scarce and more valuable.

Decentralized exchanges aren't popular yet but they will be. The risk is too high and even the biggest exchanges can be hacked there's no safe way to exchange if this includes giving away your keys.

You don't know now and you will never know. The perfect time usually lasts for hours sometimes for days in a bull market lasting for months.

 If I told you that I will run 10 km straight starting now and you have to pick the exact moment of me passing 8th km without knowing my speed and endurance would you be able to do it? Finding a perfect moment to sell is just as difficult.

I can't believe we went this far. I bought some bitcoin below 4000 dollars and sold when we hit 5600. The charts were showing we should go down from there and we did but then we went up again and I still had some of my cheap coins from before so I sold another batch at 5800 and my last one today at 6050.
I'm betting on bitcoin not going back above 6300 without a correction and I will buy back again there. We are overbought for weeks now and I'm out of bitcoins  

There already was a big enough glitch. CZ admitted that they were unaware of the exploit and were caught by surprise. What makes you think there will never be any surprises? What makes you think their margin of error is endless? If they lose enough money they will file for bankruptcy and you won't be able to withdraw your money.

Some people really need to lose money to learn something but it's too late by then.

I always thought they are in both. Most of Russia is in Asia but their Capital is in Europe so there's no straight answer to that. The best one would be they are located on the Eurasian continent and and lie partially in Asia and Europe. It's officially called a transcontinental country.

I see nothing bad for Bitcoin in this news. They were using a number of things to launder money like credit cards, fake IDs and sim cards. They also had bank accounts. Let's not blame Bitcoin for what people are doing with it.

And here's my I told you so. Yesterday I posted about happy Craig and today we had the biggest SV pump since April. It won't last long. Craig will soon call out someone or brag in a tweet to make people dump again.

Anyway in light of the recent theories I'm more of a believer in the "binance lost money and are afraid to admit it"