the weird thing here is that Yobit price is "higher" not just different but higher! where it should have been so much lower. the btc-e that stompix said used to be the same, in fact yobit and btc-e share the same deposit methods with nearly the same fees (eg 3% perfectmoney), but btc-e used to be lower.

i was actually watching the price on yobit yesterday and at some point the difference was more than $3000! price fell down to $10,300 more or less but on Yobit it stayed above $13500

the only explanation i can come up with is that there were nobody left there to sell any bitcoin for fiat despite them reporting ridiculous amount of volume (it was about 700BTC!)

that is called a fee war.

since the block space is limited, it is bound to happen sooner or later in any cryptocurrency that is designed with a limited block space. it doesn't matter how much that limit is, as long as it is a limited number the blocks can only include a limited number of transactions. it can be 2000, 10,000 or anything but it will be reached at some point and the fee war begins when people battle over that limited space in the blocks.

which countries are trying to "ban cryptocurrencies"?

i have seen many attempts to ban ICOs since it is illegal to raise funds like this.
and i have seen a lot of concerns about usage of cryptocurrencies in illegal activities and also lots of concerns regarding taxes but i have never seen that many countries (2 or 3 to be exact) that ever tried actually banning them.

so far the $12000 showed a very good support. and it is being tested again in an hour or so to see if it will hold or it can be broken into.
if it holds them you can expect that as the bottom.
otherwise i am expecting $10,000 to hold strongly. but the problem is that the other half of the world is now waking up an are seeing this price, and this past few months market was filled with lots of weak hands who don't know what's what!

in any case i have placed my buy orders in a big range from $9000 (low ball lucky bet) up to $11000. and will probably move them around based on what i see.

well you may be new to this so you don't know.
most people don't announce their real speculation publicly. when they expect a drop they take actions, sell for example. they don't run to forums to tell everyone what they expect and risk losing the chance to sell before others. in fact when they want to sell, they come to forums and tell everyone to buy and say "$17,000 is a great buying opportunity" because they have a sell order there or around that price.

the same is true when they come to forums and tell everyone how they expect price to drop below $10,000. that is because they have buy orders in that area placed and they wish them to be filled.
take a look at OP's post history and check it versus a bitcoin chart and you will see this last paragraph happening each time without exception.

why are we asking why?!

this may seem like the biggest drop and be one of a kind but in fact this year we at least had 4 big drops exactly like this right after a big rise exactly like rise to current ATH!

constant rise from $5600 to $19666 = +250%
then major drop from $19666 to $11160 = -43%

constant rise from $2970 to $7888 = +165%
then major drop from $7888 to $5555 = -30%

constant rise from $1800 to $4797 = +166%
from $4979 to $2972 = -40%

constant rise from $891 to $2980 = +234% (ignoring 1 drop here)
from $2980 to $1830 = -39%

it really doesn't need a reason. yeah week hands, FUD and all that are always true. and this is how "corrections" work in bitcoin.

haha, nobody listens NOW. it will fall on deaf ears.

let the weak hands get on with their panics and run out of coins to sell and let the price reversal start and then leads to the next set of rallies in one week after the bottom and then everyone starts listening to this and starts buying out of FOMO. and history repeats itself another time

if bitcoin is a scam, and you are signed up on a forum that is dedicated to bitcoin only and you are talking about bitcoin then you are a scammer.

and by the way, you can not use "future and option" to short bitcoin because it was closed a long time ago due to big drop of bitcoin. get your FUD facts straight.

this is currently a 40% drop and looking at the charts, there is a pretty good resistance buy support at the moment around $11,000
all i can say is that buying anything now has a good chance of being at the bottom and i don't think price can go any lower than $10,000 and will most probably stay above $12,000 after this fast bottom of 11k was over.

edit: thanks for pointing it out @swaptaker

yeah, the article is a little vague about it though. but it is an important point. that being timing. to take actions "at the right moment". also there is no possible way to explain to someone when is a "right moment" because it differs in each market and depends on the situation.

for example a right time to sell is before a dump starts. not after it. a right time to buy is also before the rise not when a bubble forms.

these things are usually too obvious to even say but at the same time you would be surprised to find out how many don't even know them and never pay any attention to them.

always do some research before using a website to buy bitcoin. for example i have never heard of "Coinmama"! so be careful when using it. there are lots of other options.

as for position, you don't have to open an order and "take a position", in all exchanges that is only one option. your other option is to buy at market price. some exchanges have that option but even if they don't you can simply choose the highest order in the "sell" part of the orderbook (asks) and fill that.

i believe that John McAfee is so hyped up about bitcoin and is also heavily invested in it. and because of that he also reflects the hype up station in his public appearances.
it is both a good and a bad thing. it is good because obviously it is talking about a real potential that bitcoin has and $1 million is nothing for it. but also to encourage people to invest in bitcoin thinking they will be millionaires is not such a good idea if you ask me. and that brings in lots of weak hands. and that is only good for whales in short term when they shake them out and make profit from them.

the thing about bitcoin is that nobody gets to say that! it is decentralized and because of it, nobody can control who can access bitcoin and use it and who can not or should not.

and any attacks against bitcoin is not a bad thing as long as it makes it stronger. we need to find a way to fight the attacks and prevent big damages in long term.

there are no reliable chain analysis techniques or software that anyone can use to prove anything. that is how bitcoin is designed.

besides the cost of using something like that and then cost of proving anything is a lot more than simply contacting exchanges like Coinbase and asking them to release their customer information to IRS

.... wait a minute IRS and Coinbase are already doing that

bitcoin price is still stable more or less.
the difference is that "stability" in bitcoin doesn't mean price never changing at all or a small 0.1% change per day. instead stability in bitcoin is a move volatile version of a normal stability in other bigger markets.

i personally consider anything below 10% change as stable.

probably never.
being dropped out of the mempool is more of a luck thing in my experience than any logical thing. the default setting for keeping a transaction in the mempool is 2 weeks in bitcoin core but the thing is, each node has its own mempool so one node may have it set on 2 weeks and another at a couple of days or even never!
and as long as some nodes have your transaction, it means it won't be dropped.

first? really?

for years there have been lots and lots of lotteries with bitcoin. from small and even scammy ones to bigger ones held by biggest bitcoin gambling sites. it is certainly not the "world's first bitcoin lottery" this one!


and i find this part of your statement funny because everyone knows that lotteries are just a way to lose money and only one person wins (in some cases a couple of them win) and the rest lose. which means you just waste the money you already have on something that may not happen. you can buy bitcoin with the same money and not miss out to kick yourself later

it is all about the moneyz.

bitcoin being open source and the technology being out there, makes it simple for literary anyone to create their own version of it. sometimes that "anyone" is a proper developer who wants to create a real project like Charlie Lee of Litecoin (no matter how successful or not his project is), and sometimes it is lazy people trying to make some quick money the easy way.
terms "premine" and "ICO" were created because of that.

i said this a long time ago when price was so much lower than this: https://bitcointalk.org/index.php?topic=1926157.0
and it is even more palpable now that it is nearly $20,000. it seems stupid to talk about it in terms of 1 bitcoin and then report everything else in decimal points type. and you know people don't like decimals!

i personally prefer using Satoshi. it is the smallest one and you don't have to worry about conversions of mili and micro! and it is the founder's name.

first of all, how do you know he has not invested in bitcoin? are you inside his pocket that you know where every single dollar of his is going to?

additionally, people like Warren Buffet doesn't really need bitcoin. it actually is too small for them to even look at it twice. you see bitcoin rise and think it is big but in their eyes it is tiny!
 
in fact Buffet is the major shareholder in one of the world's biggest financial services with the revenue of $210 billion. and his shares broke $300,000 per share yesterday! you think he cares about tiny bitcoin that he can not own majority of? LOL