Really? How so? Banks aren't that different from exchanges and online wallet services; they all are centralized parties holding your funds for whatever period of time. If you consider that to be the end of Satoshi's 'dream', you are just a stupid being not knowing how everything here works. Also, Satoshi's 'dream' has no meaning in this time anymore. People choose how to use Bitcoin according to their needs.

Bitcoin isn't a threat to the banking system, and especially not when you consider that banks themselves may adopt Bitcoin at some point in the future. As much as people here enjoy the benefits of Bitcoin and its potential, banks can do so too. The only thing lacking here is the regulatory framework allowing them to do so. Most governments don't fear Bitcoin because people aren't using it as currency to bypass fiat transactions, and as long as governments don't see that change, there is nothing to fear for them, and that makes sense.

Absolutely. Credit is so insanely easy to access, which is done so on purpose, that when most people have debts to cover, they try to fill one debt gap with another, and that's the road leading to total bankruptcy, exclusion from almost every possible service, etc. Look at current economy, it's almost entirely based on debt, which is insane. In other words, that what the majority of people think to own, isn't theirs at all in reality. People's cars, houses, investments, it's all breathing a dangerous level of debt. It goes even so far, that people buy crypto with credit, which is the most stupid thing to do. Crypto volatility + lacking understanding + credit (borrowed money) = 90% guaranteed failure. It's a lethal combination people greatly underestimate.

The analysis isn't all that bad, but I'm not that in favor of looking back at the 2014/2015 situation and use that as example, because at that time the market was massively heading down due to everything that was going on with MtGox, while in current situation the market and ecosystem are in the best possible shape. I can't think of anything that's negative at this moment, can you?

If the market sticks to $6000, which I believe is the case, we very likely will be jumping upwards from this point. I however do see the importance of a sharp increase from current levels to stimulate people to start buying and get rid of the bad taste in their mouth during the last months. My short term target is $8000 for now, where if fomo starts playing a role again, we might even attempt to test the $9000 level again, but the resistance at that point might still be too strong to breach. Currently the market bounced up, just like it did a few times last month already, so let's see if this time things are 'different'. On the other hand, I wouldn't mind some consolidation as long as it plays out at +$7000 levels. No trigger = no motivation, so we need to accept that.

I would say avoid the news sources in this market, because they have been the main contributor of panic and fear in the last months. The level of (paid) bias they throw in each and every article is astonishing and unhealthy. I usually just keep an eye on what's happening on Twitter and Reddit, but even here the shilling has almost overtaken any legitimate bit of information.

Sites with the most shittles and (paid) bias, and thus probably best to avoid, unless you do some proper research yourself regarding each subject;

CCN (paid content slut mainly).
Bitcoin.com (quite often anti Bitcoin content).
Coindesk (paid content slut mainly).

And avoid the mainstream media news sources, they go beyond everything with their anti Bitcoin campaigns.

Best thing of all, is the fact that there is no negativity. All the 'negativity' that people see, plays out only in their mind, which is what market movers like to exploit - they play with people mentally to get them to sell their coins, and it seems to be working pretty well. While people keep panicking over nothing, I am carefully buying coins at current levels, where after that I'll be enjoying the ride up.

Seriously, if you sell at current levels, you're pretty stupid. If you didn't sell at +$10,000 levels, what's the point of selling now and risking to buy back higher? It's pretty fascinating, but also embarrasing at the same time. These are the type of market conditions you always need to have fiat ready for. If you have used all your funds to buy Bitcoin with some weeks or months back, then just accept that you can't do anything other than waiting for the market to climb back up. It will go up eventually, but just not in the very short term, how difficult is that for people to understand?

You again? You are aware of the fact that people aren't forced to use LN? Also, you can't just write off something that hasn't even had the chance to properly deploy itself, because the far majority of the people don't even know how to set up a node, open channels, etc. You are only out to discredit something (LN in this case), and I don't know what for. If you don't like it, then don't use it.

It's like you are making fun of a baby because it can't walk or talk yet, you are just pathetic.

Why should he leave? He isn't saying anything bad or something negatively tinted. He's just pointing out at which level he plans to buy, that's it.

Never say never. And profitability of who? Miners? How do you know that? Miners will keep mining; miners are waiting for others to temporarily shut down some machines, because that lowers the difficulty, and that translates into more juice for other miners. If we look at the overall difficulty, it has only been going up, and it will keep going up.

Eventually, yes. Short term, no. People have to accept that the market will need a massive bullish trigger to inject the market with a positive vibe again, and as long as that trigger isn't there, the market will remain weak and uninspired. Buy the market down and enjoy your profits later on, that's what smart people do.

Regardless of how "stupidity proof" services are, people will always fall for scams. It's impossible to spoon feed everyone here with proper crypto market etiquette and it shouldn't be needed. If people fall for a scam, then it's their own fault which they have to take full responsibility for. I have never seen people be more stupid than the sort we are dealing with in this market, and that's not an exaggeration. Even on this forum I see people some time "offer help" where they ask to send them a PM to discuss things further. It's a wide spread problem that only the most desperate and empty headed people can fall for. I have been a noob in this market as well, just like how a lot others here were noobs, but never like this what we constantly keep reading about. It's seriously embarassing.

More social media platforms are reluctant to act on their own, which is why just as here on this forum, you have to keep reporting in order to initiate action from the moderators. If people just see a scam of fake account, but don't report it, then it will remain active for a very long time. Reports have to come from numerous people in order to trigger action on social media, because there is some sort of fake report barrier you have to break through in order to make it. I'm sure that he with his following can trigger mass report attacks on these accounts, which should take these accounts offline within 24 hours, especially in obvious cases. It's a global problem that affects non crypto individuals as well.

That's futile. GenesisMining has its terms set up in a way that they can't be held responsible under any circumstances. It's not that they are falsely promising people certain rewards, so there is not even a slight bit that you can report them for. In mining you are subject to plenty of variables that may or may not work against you, and that alone is a very powerful defence mechanism they can fall back on. People for once should take responsibility for their own actions, and acknowledge how stupid buying these empty products is. Another thing that you have to take into consideration is the fact that GenesisMining doesn't allow you to liquidate your contracts, so you are forced to wait it out, or find a noob to sell your contracts to.

Sir, who cares about merit, Sir, when we can pick up cheap Bitcoins, Sir.

Microsoft has done it twice, where after each time the community went full nuts on them on social media they brought it back, stating it was a technical mistake (bs of course). It's nothing more than a pure form of hypocrisy in the end. I don't know how often people used Bitcoin to pay for that extra perk on Reddit (probably close to zero), but the only thing they are doing with this action is say no to potential income, which is stupid. At the end of the day it's their platform and they can decide whatever they want to accept, it won't bother anyone. I seriously didn't even know Reddit accepted Bitcoin.

It's actually pretty simple. The following reasons are the most important;

# Exchanges more and more start to force people to verify themselves. Result; people jump into exchanges as Yobit.
# Exchanges more and more delist utter shitcoins. Result; people jump into exchanges as Yobit.
# Exchanges no longer list utter shitcoins as they used to do (also for legal reasons). Result; people jump into exchanges as Yobit.

In other words, exchanges as Yobit are going to become the kingpins amongst the shitcoin exchanges, and there is nothing that can stop this process. It's only going to become worse.

When money is involved, people chase their own goals, work out their own hidden agenda motives, etc. It's something that happens in each and every market, and will not spare Bitcoin's market. This isn't the main reason this market is going up and down heavily. It's a combination of ignorance, free market aspect (ie, lack of rules), immature market, low availability of liquidity, etc. But overall, we just have to admit and accept the fact that the majority of the people are here only to make profit, which isn't all that bad considering more people investing in Bitcoin lowers the availability of on-market coins in the long term, and that's beneficial for the market. Just look at the charts, if you ignore the wild up and down swings, the price has been going up the entire time. People tend to worry about the volatility being a harming factor, but the long term picture clearly doesn't agree with that.

If one thing became clear in the recent months, then it's safe to say that it is people's constant urge to blame certain events and happenings for the lowering price. In a way, all events that we have gone through recently might have somewhat contributed, but they are not the main reason. People need to accept that the demand is lower than last year, which is the main reason the price is going down.

Events people blame for the price going down;

SEC's recent announcement.
South Korea's announcement.
China's announcement.
MtGox dumps.
Facebook crypto ad ban.
Google crypto ad ban.
Twitter crypto ad ban.
Japan "shutting down" exchanges.
Tax 'season'.

What's next? This empty speculation will never stop with how ignorant people are. No demand means no price sustainability, period.

There is no information that any trader can use to gain an advantage in this market, unless it concerns insider information, but that only applies to a very small minority. I am not trading in current market, because it's too fear driven at this point, and thus too risky to jump in for me. I rather enjoy buying up some coins to hold for the longer term, because that's more of a useful practice currently. It's great for me overall, because I bought back some coins at levels just over $10,000, and have done it at current levels, which decently lowers the average entry price. It will be interesting to see what the market will do from this point. If we look at one development that kept up consistently thoughout the last months, then it were the constantly lower forming ranges, and I'm not sure yet if we're completely done yet, but if the $6000 base doesn't get breached, we know for sure that we have had the worst.

If you have to force yourself to not look at the price just because it 'hurts' or you can't handle this brutal market, then that's a clear sign that you shouldn't invest in Bitcoin at all. Regardless of how much people try to not look at the Bitcoin price, it will not work because it will keep burning inside you, and when you can't hold it any longer, you'll look anyway. Nothing in the world will be able to distract you from the fear that your investment might lose even more value. It's mentally devastating and completely unnecessary to go through this. Never put any faith in the short term price of this market, never.

Slowly but surely we'll be seeing how the entire crypto market is going to evolve into something that will be regulated to the core, and that's all right. If you want to be taken seriously as new asset class, then this is the only way to achieve it. Great thing is that you don't necessarily need to make use of the centralized ecosystem, especially with how local markets and decentralized exchanges start to gain more popularity and actual volume/usage. I am glad that the majority of my holdings haven't seen an exchange an +4 years, where before sending any coins to my cold wallets, they are being mixed first. I want to keep that part under the radar basically for ever, and it feels great. I am not looking to sell or spend any of them in the coming years, so there is nothing that I will be missing out on.

People thinking that we are in very difficult times are plain stupid, and don't know anything of this market. If you think the peak of $20,000 was sustainable, it just shows how much of an idiot you are. Anything above $10,000 doesn't reflect the progression of Bitcoin and this ecosystem, and for that reason the price is rightfully coming down again.

Now hype is no longer part of the short term picture, the market has to sustain itself on actual demand, and that demand is obviously far lower than any level of hype demand. If the $6000 bottom is a firm support line, which I believe it is, the only thing that happened recently is that the market came back to the levels it should be hovering around. Bottoms are far more a reflection of the 'actual' value than the fake peaks we experience, which should be clear by now. Peaks = speculative hype, and thus unsustainable. Bottoms = support, and thus something you can build further on.

It's impossible to set a fixed, or semi fixed amount of profits (or any profits at all) that you will be making on a daily basis, especially without any actual knowledge, and based on your post here, you don't have any of that. Just stay away from trading and invest into something you believe has potential to increase in the coming months, preferably years. People without any understanding of this market jumping into trading always end up losing. It's basically a guaranteed way to lose money, because the only thing you are doing is guessing when to enter and when to exit. You may guess right one, perhaps twice, but you can't rely on lucky strikes alone. At some point you'll burn through your funds entirely, and it will be your mistake entirely. Just forget about daily profits, and aim for the longer term.