It might turn out to affect Bitcoin as well. People don't think things through properly. While I am not at all a fan of Ethereum or any other altcoins aside from Monero, they actually play an important role within the entire crypto ecosystem. Ethereum's growth resulted in people using Bitcoin to either buy themselves in these tokens early on, or to trade them on-exchange at a later stage. And that's just Ethereum with its ICO thingy. If we look at the global altcoin market, and regulations making sure exchanges as Binance (non fiat exchanges) increase the demand for Bitcoin to trade it against altcoins, it significantly helps in taking possibly hundreds of thousands of coins off the regular Bitcoin market. Binance alone has a trading volume of over 200,000BTC in the last 24 hours! Less demand for altcoins and tokens means less demand for Bitcoin.

These threads perfectly indicate how much of a niche this market still is. The only people who lost confidence or didn't feel comfortable with the decline in the last months are newbies and other get rich quick noobs. Those who have been around here long enough cashed out profits on time, enjoyed seeing the market fall down to much lower levels, and jumped back in now. That's how this market should be played.

There are a few points putting force behind optimism in the consolidation above the $6000 level, which is the bottom cycle at first, and the general support and manipulation going on. It was clear that whales wanted to keep the price around or below the $7000 level as long as possible. That being said, I am not at all impressed/convinced by this increase. It's too much and too spontaneous to be taken serously this early on.

Let a few days go by to have this peak sink in. If the market is ready to support these prices throughout these days, it might not be an empty peak at all. If the market falls back to where it started, which is very likely with the 1000BTC dump manipulation going on, we're not done yet below the $7000 level. The less you expect from the short term market, the lower your disappointment will be if the market goes down again. Don't forget that a week ago we reached $7500 and went back to $6500 again.

I like how one single pump can make the people here go nuts like they won the jackpot.

It's not that much of an achievement honestly. It will take a few days to know what's going on, and how long the market is willing to support these levels. Don't forget that while the price just peaked, there have been numerous 1000BTC dumps in the last weeks taking the price down again. It's not clear yet whether or not this is whale play, or a large party legit buying coins spontaneously.

This however is a reality check for people doubting whether or not to enter the market. If they weren't exactly sure yet around $6800 levels, they now likely regret not having bought when they had the chance. People waste too much time on waiting for the price to go down because that allows them to enter the market a few percent cheaper, which isn't worth it at all. At the end of the day, you only know what you'll be missing once it's not there anymore.

I don't think he will start buying, especially if we think further; only dumb money buys the news. Soros has likely bought himself tons of crypto already, and perhaps even shorted the market from the top not that long ago. People on internet can make fun of him as much as they want, but he isn't stupid. He knows how to play this game, especially if he has been observing this market for years, which I am pretty sure of he has.

Correct. However, going short is too late now, it would be a stupid and very gambling-like move. Going comfortably short should have been be done in December and January. There are different market phases, and each market phase requires a different approach. Him having made tons of money by going short doesn't mean he goes short on everything, especially not when it comes to crypto in current stage. It's adapting to the rapidly changing situation.

Agreed. If we look at the bottom of last year, before the crazy bull run took off, it was $5550, where this year's bottom stagnated around $6000, which displays a tiny increase if you discard the peak in December. In other words, while people keep talking shit about the market being low and whatnot, we are actually still growing, but just not in their preferred manner. It's too early to call, but if $6400 turns out to be the next bottom, we yet again have grown, and it all fits within current calmer market. Growth is growth, regardless of how people look at things. Pumps aren't growth. People need to understand that.

Bitcoin is a response to everything related to how rotten the current system is. I haven't been able to cash out much of my coins in the last years due to certain aspects related to tax, and I'm happy that it prevented me from cashing out. Thinking back now, why would I cash out my coins for something that only throws me back in time and is supportive of a system I don't agree with and don't want to be stuck in? Makes no sense.

I wouldn't be surprised if Bitcoin turns out to be created by one or more ex bankster individuals trying to tackle the banking system and everything around this circle. People at this point in time are too busy focusing on profits and whatnot, but as time goes by, they'll appreciate what Bitcoin brings to the table in terms of functioning as permissionless everything. Currently we're in a system where the majority of your digital transactions require permission, which sucks big time. We are being controlled by a bunch of crooky corporations, and that I am glad have lowered my exposure to due to Bitcoin.

Already the case.

It depends. If you stay away from anything within this ecosystem that's centralized, you won't be noticed. If you make use of centralized services, it's pointless to avoid paying tax, because there is legal proof that can be used against you, and the worst thing is that this proof is stored on servers basically for ever. That's why I decided this year to finally pay tax over the coins I use for trading purposes. Governments will whoop you later on anyway, so it's pointless to avoid paying tax.

Everyone can as long as you have the capital for it. The market itself is pretty centralized and will always be as long as we rely on centralized exchanges where deep pockets are trying to nurse their greed at cost of the rest. But then again, even decentralized exchanges don't offer any 'protection' against manipulators. We just have to accept that manipulation is part of the game, which applies to all markets in the world.

Very likely pure coincidence. The thing with exchange support priority systems is that it doesn't help if you keep sending emails. Your recent emails will not be read, and if you are being seen as a spammer, they might even completely junk out your most recent mails. Social media is full of people complaining, so you doing that as well won't mean anything to them. It's just another one in an already massive list.

What people here don't realize is that Poloniex is the first exchange to be fully approved by the SEC, which is a major advantage leap Circle now enjoys. I am fairly sure that they don't mind the outflow of regular users since I am expecting it to function as securities and options exchange for deep pockets later on. I don't expect anything to happen this year with Poloniex, but it's a worthy asset in JPM's and GS's portfolio with the SEC approval in their pocket.

As with everything, the more participants a market or ecosystem counts, the less centralized it will become. If at some point even the average person is able to set up nodes, connects with its favorite merchant or whatever entity, know that we'll be very close to LN deployment on a very large scale. Let all the naysayers talk as much as they want, at some point they will have to acknowledge the value and purpose of LN.

If they then still act like it isn't worth anything, then they are nothing more than a bunch of shitty trolls. If you don't like it, don't use it. It's not that anyone here will be forced to use LN. This market is all about the choices that you have, and you have the full right to say no to LN. I personally am satisfied with Bitcoin already, and will likely not use it, but I know how much potential it has in the very long term.

Volatility doesn't affect the long term price; current price proves that. The thing here is that you assume the market will stay as it is for ever, but that isn't the case. I don't think we're very far away from the point where current exchanges are severely decreased in number, but those that will remain will be heavily regulated and become similar to what stock markets are right now.

Gold's current market cap; $8,200,000,000,000
Bitcoin, assuming 20 million coins have been minted, will need to be worth $410,000 to be on equal ground with Gold in market cap terms.

If even a relatively small portion of the wealthy individuals and professional parties unload a certain part of their Gold portfolio to have it invested in Bitcoin, then we'll hop over the $10 trillion level without much problems, also with inflation in mind. This is just Bitcoin I'm talking about. Imagine that there will be a few altcoins worth a couple of trillion as well, and there you have a wet crypto dream come true.

It may sound crazy to some people right now, but one thing you should never do with this market, is this early on discarding certain scenarios from becoming reality.

Governments aren't any different than the traditional mafia - they similarly like to control their market with iron fist, and they all think they have the right to claim a slice of people's hard earned money. I am already over that stage because it's impossible to prevent this from happening or growing further into a much larger problem. If people don't want to fight for their rights, then resistance is futile.

I am happy that I significantly decreased my exposure to this rotten system by having the majority of my wealth sitting in Bitcoin. I am all in favor of how decentralized applications and platforms will allow people to avoid having to ask permission for something that doesn't belong to any central party. That's why I don't even buy myself in stocks or any other related products that I can't fully own myself, because that what you don't actually own, isn't yours. It's time for people to wake up.

There is no selling pressure within current range $6000-$7000 range. Selling pressure is mainly manipulation by larger parties to continue buying up sub $7000 coins. If you look at the market without semi large dumps, there is no downward movement. Without these dumps, the market will climb up slowly, but it's being prevented from doing so, all to accumulate more coins before we're about to head up again.

This can no longer be seen by old hands actually cashing out - we're past that stage already. It's solely accumulation time.

I would say that without this manipulation, even the $8000 level might turn out to offer the same level of stability as current levels do. Old hands have cashed out enough coins at way higher levels already, the panic is largely over, people slowly gaining more confidence to start buying again, etc. I haven't felt this good about the market in quite a long period of time. Let's see what happens after April 17 this month.

It's actually vice versa. If we look at the general developments in crypto terms between the larger and the smaller banks, smaller banks are much more open to adopt newer technologies, because they are much more focused on offering their clients the service they deserve and have full right to. Large banks are cocky and no longer care about their clients, and especially not when it comes to the regular account holders.

If you're not taking out a high loan, or mortgage, or let them gamble with your capital on the financial market, you are nothing to them than just a number in their database. It's not for nothing that the smaller banks in my country have all gained clients, and that in pretty big numbers, while the lower trust in larger banks drives people away from them, and they don't seem to care yet, but will do so eventually.

Banking itself is no longer their core money making machine, which says enough. Banks have become a combination of everything more throughout the years, but less of a bank.

Currently traders are more motivated and optimistic to enter the market than before. Every market experiences its ups and downs, but the market as it is right now looks strong and healthy, which is something we couldn't really say about the market in the previous months. If people see current market as being negative, or a bear market, they are fooling themselves.

Technically, one could indeed say that this year we're experiencing somewhat of a bear market, but that's a false reflection of the market, just as much as the $20,000 peak was a false reflection of the market. We could almost say that the false bear market got rid of the false bull run peak, resulting in a great mid way market that seems to be consolidating right now. It's all positivity from my side.

People have been talking about this and that fud has taken the price down, or is covering the market with a negative layer of dust, but that's all in people's head. It's proven that 1 'negative' event in people's minds, can deem the previous 10 positive events to no longer hold value.

I do agree with that. People have been speculating about $3000-$4000 levels, but the market found a steady spot above the $6000 level. If we also take into consideration the manipulation going on, which is that semi large dumps take the price back to sub $7000 levels, and let it stay there without dumping further, it clearly shows large scale accumulation, the patterns are clear.

Without these semi large dumps, the market isn't going down out of its own, which is a great sign. Global whale manipulation keeping the price down will end once they think they stocked up enough coins, and we might not be all that far away from that point. Whales know like no one how important it is to maintain the $6000 bottom, and thus keep the long term growing bottom cycle intact.

If people aren't accumulating themselves yet, then definitely do so. Everyone not having bought will 100% regret it later on. I don't see a massive breakout, but a steady increase will do.

Not sure if you are aware of what idiots we are dealing with here, but the majority of the people trading here don't do any research at all. It's just I guess that if I buy at X price, I can sell it at Y price. You either win or lose. Isn't that gambling according to you? To me it definitely is, especially when the market is so active that it won't allow you to properly analyze the market. At that point even the most solid traders will be turned into gamblers.

Also, the utility of a coin and the development going on has no real connection with the short term market that is controlled by greedy individuals. The same applies to Bitcoin's market. The crypto market is just too brutal and speculative to discard the gambling aspect of trading that easily. I would say that on calm days where TA has benefit to it, the gambling percentage is as low as 20%, while highly active days where TA has no benefit to it, the gambling aspect is as high as 50%. The only main difference is that with gambling you lose everything, and with trading just a few % per trade.

The average person is soaked in debt, which in most cases is something they will be dealing with for their entire life. I see that around me as well. If we look around us, almost everything people buy is bought with debt, and I strongly believe that the system we're in is set up solely for that purpose; to keep people where they are on the financial ladder, or to only have them sink further down.

It shouldn't be coincidence anymore that people without debt are able to develop themselves better in every aspect, which translates into a wealth increase throughout the years, while those in debt don't come any further in life. Even if their level of debt isn't increasing, the increasing wealth of the other side is making sure that the gap is growing larger and larger. Debt is the poison of this world.

If you think the problem isn't debt related, just check out the figures released by the responsible departments in your country. You'll see how much more debt the average person is suffering from in comparison to the previous years. It's increase on top of increase on top of another increase. It won't stop.

He holds more than 200,000BTC, perhaps even closer to 250,000BTC combined with all his altcoins. He is nothing more than a pathetic human being. The only reason he isn't going full nuts on BCrash is because it is only a money grab opportunity for him. He doesn't believe in it. Regardless of how people rightfully dislike him, he isn't stupid. He very well knows that he need his Bitcoins in order to remain a powerful entity within this market.

I remember having seen one of his streams, where he wasn't exactly sure what coin would be the one to take the game over. He usually speaks about his shitty project with full confidence, but suddenly took a few steps backs where even Ethereum was mentioned as potential main crypto. His words were; never put your eggs in one basket. At some point he will drop his support for BCrash, it's just a matter of time.

It definitely looks like so, especially if you also look at how these cowards make use of whoisguard to cover their main identity. I have seen quite a few of these shitty scam attempts pop up lately, but in most cases the scammers at least put more time and effort in making their site look as legit as possible.

I wonder though, how do people find these sites? Was it through an ad on whatever social media site? I think that if enough people report this domain as being a scam, that Namecheap will definitely act and take it down. These scammers can hide behind whoisguard, but Namecheap has all the details they registered their account with, unless they used fake information, which again, is against their policies and can get their account terminated.

Twitter should donate that handle to either the operators of the bitcoin.org website, or the actual developers contributing to Core.

I just fucking hate it that Roger Ver and his BCrash shills think he has the right of claiming his scummy project has any right to even remotely be put in the same category as Bitcoin. Roger Ver and Jihan Wu are one of the largest Bitcoin holders in this ecosystem, and if we just calculate that they each have at least 200,000BTC, then simple math tells me that they now hold at least 20,000BTC worth of BCrash each (not even calculating how many more they gained by manipulating the market). It's nothing more than a blatant cash grab. At current levels that's a $140 million bonus at minimum.