Do you even re-read what you post? Probably not.

You point out that it concerns people that hack and fraud other people, so what has this exactly to do with Bitcoin itself? Bitcoin has no control over what a bunch of retards do with their private keys and log-in details from whatever services. If I get hacked, or I lose my private key, it's my fault entirely, and not Bitcoin's fault. If an exchange gets hacked, it's the fault of the exchange in question, and not Bitcoin's fault. Is it that difficult to understand?

Stop blaming Bitcoin for the reckless and incompetent nature of people. Bitcoin is the purest of the purest in every possible way, but unfortunately, people aren't.

This forum is pretty representative of what the whole crypto ecosystem looks like. It's filled with fools and other money hungry individuals nursing their greed, which we can thank the in-process mainstream adoption for. Every person joining this forum but also the crypto ecosystem in general is less likely going to contribute, and it's only going to become worse.

Plenty of them moved over to Reddit, but even that platform has been nuked by trolls, shills, beggars and other fools. We can only adapt to the situation and make the best out of what is left. At the end of the day, no one is forced to stay at this forum. People have the freedom to create their own forum if they think Bitcointalk isn't the right place for them.

Also, some of the oldies might have sold the majority of their coins later on, which gives them less incentive to be active here. It's not only the state of this forum they try to avoid; there is always more than the obvious.

People shouldn't need a lawsuit to withdraw their funds from that rotten hole. HitBtc has a proven trackrecord of being an incompetent player in this market, and that for years straight.

If you also take into consideration that this exchange managed to consistently settle itself in the top 10 global exchanges in terms of volume, one really starts asking itself how much of a joke the crypto market actually is. The main exchanges usually steering this market are now covered under a thick layer of Asian dust, which is quite embarrasing actually.

You are not paranoid at all. If you was, you would have withdrawn your funds way sooner. Better do it now.

How is coins.ph supposed to charge you tax? It's not whatever service charging tax, but your government, wich happens after you declare your activities.

I too can buy and sell as many coins as I wish without paying one single penny in tax, but that doesn't take away that legally, I have to declare everything (mainly the gains at the time of selling for fiat), and pay tax afterwards.

I Google'd it, and it turns out that the Philippines are subject to tax on crypto, just like anything else.

While I am not a TA fanatic myself, and don't see much value in it from my long term investor's perspective, it actually offers the very basics for everyone to start understanding a market. You can't say this or that will happen with the price without basing it on whatever form of TA. Traders buying Bitcoin without prior TA are straight gamblers.

In the end, TA always provides a better shot at profits, and that better shot will allow the more skilled traders (which are part of a minority) to end up with more profitable than losing trades. As long as you can end your trading sessions with more profitable than losing trades, you have done well. Guaranteed profits don't exist, you can only make sure that you position yourself correctly in the market, and that's what TA is for.

As I said, skilled traders managing to make profit are part of the minority. The majority of the people are only losing, which makes TA looks worthless, but it's just the nature of the game.

That makes no sense at all. In no shape or form does any other (non crypto) alternative offer better returns. Even a "bearish" crypto market offers orders of magnitude better returns than anything traditional. If even that isn't enough to feed your greedy ego, we have futures, leveraged trades, options, etc. In other words, you can make it as exciting as you want in this market; you don't depend on severe fluctuations or a constant uptrend anymore.

We don't need good news, just patience. News has never been a viable source of growth, and likely never will be. Only actual developments contributing to Bitcoin's utility help grow its value. To add; we have seen plenty of good news lately, but the market still isn't feeling it. Instead of good news, we need developments providing long term growth potential.

I am still waiting for the price to drop to $100 as promised back in 2016.

Bitcoin doesn't break through previous main bottoms, the charts provide all the proof to back that up.

Another factor you don't seem to understand is that the retail investors only follow what the whales of this world do. It's always whales act first, retail investors second. If we look at the intensity of the panic back in February, then it's safe to say that if it was an actual retail investor driven dump, we would plummet back to $3000'ish levels, but we didn't. If you look at the charts, the massive correction stopped exactly a few hundred bucks above the previous main bottom.

People don't pay attention to bottoms, but the whales moving the market do.

It shouldn't be FundStrat, but more FundRat.

If someone is putting too much effort in trying to make a point, and especially in this somewhat desperate manner, then know that he actually has a hidden agenda.

This dude with his shitty fund is partly a bag holder. One part of the clients that trusted him with funds are happy (those that were early enough), where the other part, the latecomers, are now looking at a ~50% decline in value from the moment they entered. Tom doesn't give one single shit about his clients as long as he gets his commissions. If his clients tell him to sell at a 50% loss he will do it without hesitation. That's what rats do.

How would you invest in it when governments are only looking to tokenize their existing fiat system? If you have $100,000 in your bank account, you directly have that number in fiat tokens when they decide to completely shift over. It's not a matter of 'I will probably embrace it', but you have to embrace it when the government thinks it's time.

Not every country will end up initiating an ICO for its own benefit similar to what Venezuela did. Maduro just needs to secure his criminal empire, which is exactly why that PetroCoin was created. All his traditional assets can be seized/frozen, which isn't possible with his new crypto toy. It's a safe haven asset granting his criminal squad a peace of mind. We'll see how long it will last, but know that every investor putting money in that coin financially supports Maduro to keep terrorizing his country.

Yet another I want something to happen fool, but I don't put any effort into helping it reach that point. This market is literally infested with similar empty souls.

If you are just waiting for something to happen, but don't do anything to help it gain mainstream adoption, and that while you are quite influential in the mainstream world, your opinion has zero value to me.

Bitcoin is already the world's single currency, but in its own segment. I don't see why the world needs just one currency, especially if you take into consideration that governments won't ever completely embrace something they can't alter or multiply in terms of unit issuance. I honestly don't even care about Bitcoin becoming the ultimate currency, it is for me already, so there is nothing anymore to gain.

In all honesty, there are zero limitations to Bitcoin. In the short term it might look like there are certain limitations, but every parameter is set up in such a way, that Bitcoin can and will be able to last +100 years. People consider 10 minute block times to be slow, but in the future they will understand that with a way larger blockchain, and potentially larger blocks, these 10 minute intervals are actually needed to keep the network operating smoothly.

If people actually did some effort to read through the whitepaper, you can see that Satoshi didn't just drop something in the wild that should help geeks and whatnot, but it is a complete anti bank and government bomb that is made to offer everyone a viable long term safe haven.

Some fools just need to understand that there is a difference between Bitcoin's speculative market and Bitcoin (the tech) itself. The only thing worthy of our trust is the tech side of Bitcoin, everything else (the market) isn't worthy of a penny in my opinion, especially not in the short term.

We can. In most cases people refer to Bitcoin as the market (the price), but that's not how it should be looked at. The market (the price) and Bitcoin (the technology) itself are completely different.

The market can frequently enter an extremely overbought 'bubble' phase. It's perfectly fine when it happens, and if we look back, it has happened a few times already, and we're still here, so there is nothing to worry about.

The technology aspect of it however is not a bubble at all. If we look at all the developments and how much stronger the network has become throughout the years, and how much stronger it will become, we are continuously booking progress. People however don't see that progress because they only focus on what the price is doing, which as I said, is not how it should be looked at. It makes you miss out on plenty of important developments.

While everyone keeps worrying about the price, in the background Bitcoin's killer application (LN) is starting to gain more adoption, and that while it's still in the very early beta stage.

That's fair. I strongly believe that every bottom in 2018 will settle below the $10,000 level, where from time to time we see a smaller breakout to +$10,000 levels.

People are so focused on a quick recovery to last year's peak, that it only works against the market. Barely anyone here likes relative stability, which is quite sad actually. Bitcoin's volatility isn't helping Bitcoin's currency aspect people say, but when we finally have some sort of stability within a solid range, no one is using it as currency. It just points out how stupid the overall mentality is. If you aren't using Bitcoin as currency in a stable market, then why do you think it's necessary to talk down on Bitcoin during volatility?

People just want to have something to complain about. It's like the weather, people are never satisfied. Pathetic.

Valid according to who, governments not wanting you to enjoy financial freedom? If you accept Bitcoin, regardless of the laws in your country, it's valid.

Control is a relative term. Regulations only reach the centralized part of this market, which isn't a big deal since no one is being forced to use any service within that centralized circle. People have actually started to move away from anything that's centralized due to regulations, so as always, it's action equals opposite reaction. Bitcoin allows people and businesses to counter everything the government forces through, which wasn't possible before.

Once the IRS gets involved (I know they have infiltrated Poloniex through SEC requirements) know that things are going to turn real ugly.

They have no right to ask for these documents, but they do because it legally is a way for them to know more about you, and it directly feeds the three letter agencies with your information as well. People are better off accepting the changed reality and adapt to the situation by either accepting it and provide the requested documents, or to not use centralized exchanges anymore.

Governments want to know who you are, and want you to pay your due taxes, all in a friendly manner, or not so friendly.

So let's say you buy Bitcoin at $7000 to later on sell it for fiat at $10,000, you don't have to pay one single penny in tax? I highly doubt that.

I can spend my Bitcoins in order to get rid of my tax liabilities (as long as it is before every first of January), and it's all legal, but that doesn't apply to anything related to fiat. As soon as you start dealing with fiat, you are subject to a whole variety of regulations that only work out in your disadvantage. I find it hard to believe that there is a government not taxing Bitcoin in that way, especially when you sell for a higher price.

You heard that peeps, feed the elite!

It was bound to happen, and I am ready for plenty of more exchanges to follow.

Japan is trying to set up a firm regulatory framework that will benefit its own lovely BitFlyer, and very likely eliminate the competitors that aren't willing to go through a lengthy legal battle. It's a classic but yet very effective way to keep a market centralized.

On a more positive note, these firmer regulations help weed out the least capable exchanges, which in the end will only benefit the end user. Hitbtc is as trashy as Yobit is, and it's actually good to them exit the Japanese market. It's quite funny that Hitbtc is the world's eight largest crypto exchange, and yet it's one of the worst. Tells me a lot about how much restructuring we need to go through as industry.

Bitcoin will eventually break $100,000 without any problems, but the main point is that we shouldn't expect it to happen within whatever time frame. All these time frame based predictions only lead to disappointment, which is completely unnecessary. The less you expect from the short term market, the less it will bother you, it's that simple.

Will we break $20,000 this year? I don't know and I don't really care. The only thing that matters to me is that we keep seeing higher bottoms, and as long as that is the case, the market performs exceptionally well for me. Time will tell whether or not we marked a new bottom around the $7000 level, but thus far it's looking good. At worst I see it dip slightly below $7000 but not below $6500. Anything close to $6500 will become somewhat tricky.

What happens after every fomo run? The price corrects massively to levels close to where it started.

We don't need more fomo runs, but something that is sustainable and makes sure we can build on it for a long period of time. Another fomo run right now would actually cause more harm than good with how this ecosystem just isn't ready for it, and neither is Bitcoin itself ready for it. We just have to face the reality and accept that something needs to change fundamentally in order to move forward.

Fomo run will once again result in;

- natural transaction fee inflation.
- bcrash camp spamming the network.
- artificial transaction fee inflation.
- exchanges not being able to handle all the use.
- exchanges to halt registrations.
- exchanges taking weeks to solve deposit issues.
- exchanges becoming less solvent due to traders withdrawing large amounts of fiat.

I prefer this calmer market, because it allows this ecosystem to adapt properly. It's a process that can take more than a year, and right now we aren't even 6 months clear from what happened during and after the peak.

Don't let the market fool you. It's a fact that the majority right now is pretty neutral and doesn't really expect anything to happen, so it might work against you in this case.

Even though it only concerns your trading stash, it's quite risky to unload them all instead of just a fraction of it. In no shape or form are you guaranteed to see the market go down, and at this point in time, a downward movement is the only profitable outcome for you. What is your action plan in case the market bumps above $8000 in the coming days? Will you pay a premium and adjust to the new situation or wait and hope for the price to come down again?