Is it a coordinated attack? No. But central bankers have always been quite anti-bitcoin and have always voiced their opinions accordingly no matter how wrong they evidently are about both bitcoin as a currency and as an investment.

But the general trend here is that governments seems to be keen to regulate bitcoin more strictly now, and some influentials figures are anti-bitcoin.

At the same time though, we've got people like John McAfee who are extremely pro-bitcoin that have recently emerged too.

That is honestly a very accurate depiction of what the government is trying to do.

They don't realise or is just not bothered to check that bitcoin is decentralized. There is no central point of failure. You can't say "shut down bitcoin" and expect bitcoin to automatically disappear out of existence. Same with banning exchanges, people are just going to trade with each other in private on localbitcoins now that exchanges are gone don't you think?

In a sense, that's actually better for privacy as governments have absolutely no records of purchases when you do it in private. On exchanges they can check on your activities still.

We don't need one.

Actually having one makse bitcoin more centralized and that's something that none of us want. I don't mind having advocators for bitcoin at all but to have one person that the entire bitcoin communit blindly follows is just absurd.

It's not like bitcoin needs to have an ambassador or anything like that either.

Bitcoin is always evolving and gaining adopters, so therefore it is basically making new eras every single year.

However, is it really a bubble? Personally looking from now, i do think so. However, i don't think that the bubble is necessarily going to pop any time soon. The demand for bitcoin is so huge at the moment that even when exchanges shut down, prices are still going up.

I'd expect bullishness to continue to at least january, february next year.

HitBTC is a mess right now. Even if you have 2fa on it seems like that you are not protected.

If you really do have a clean computer then it's definitely HitBTC's ault and they should restore your balance bacuk to your account. It is only fair, as every single person has been having this issue and it's not just one occurence.

However, it'll be difficult to prove that you didn't execute these trades. All you can do really is to tell them that you'll start legal action if this isn't solved, and hope for the best.

Bitcoin holds a value wherever you travel.

Therefore yes, bitcoin is definitely a world currency. There is no single central bank from one particular government that issues bitcoins, but rather it is a distributed ledger that is peer-to-peer. You can buy stuff worldwide, without having to convert your bitcoin to another currency and lose out on conversion fees.

However right now there aren't that many merchants that are able to provide goods/services directly for bitcoin. In the future, this should change drastically.

It's definitely not a good thing, as now people have less ways to trade bitcoins.

However if you think about it it doesn't really affect bitcoin itself much. All it is is a ban on bitcoin exchanges, which people do not use in china much anyways since AML laws are very very strict. People can still use localbitcoins or Bisq without trouble.

So the effects of the ban isn't as big as people think it to be.

Yes, internet is needed to use bitcoin.

But this dividing barrier will become less and less, as internet coverage expands to even the most remote areas. Trust me on this. In a decade, i'd say that 95% of the world will have access to the internet and therefore be able to use bitcoin.

This is much better than the banking system, where people are judged by where they are from, their credit ratings(or lack of thereof), etc. Bitcoin can be used by anyone.

Well even if they do respond to you and provide you with a refund, it's probably not a good idea to use them right now. It's quite an old website and there aren't any guarantees that they will function correctly right now.

You'd probably get a better deal if you went onto paxful and looked for starbucks gift cards with receipts.

But do watch out for scammers that try to get you carded starbucks GCs.

Personally i'd be taking the converting from BCH to BTC route because it's just a hassle to get a BCH wallet, especially if you have no real intentions in using the coin or holding it anyways. Of course that's different if you want to speculate on its price.

Thanks to the people working at Xapo for finally doing this.

Been a long time since 1st August, though. They should have implemented this sooner.

Sometimes there can be a big delay in when you enter the password in blockchain.info and when you actually receive the email for you to approve the login attempt. Just try again, and see what happens.

If it still doesn't work then use your 12 word recovery phrase to recover your wallet. You should have received this when you signed up, and it isn't really a "backup".

If you don't have that, then you'll have to contact support. May be something wrong with their email service provider.

The content seems to be decent.

However, the design of the site seems to be quite overloaded and the logo just looks absolutely terrible. I would suggest instead of writing up so many articles right now, focus on marketing and advertising the site as well as making the site a more comfortable experience for users.

And instead of only having writing, you could potentially add like a faucet so that newcomers can not only read about bitcoin, they can also have a hands on experience with btc.

Government regulation is not crucial for bitcoin's survival at all.

In fact bitcoin is designed to exist without any sort of authority overseeing how it is run, and it's the beauty of bitcoin. You do not need to trust the government to do the right thing for the network to be functional.

If regulation promotes bitcoin usage then it's good, but some regulations such as ridiculous KYC requirements for bitocin is uncalled for.

The entire point of bitocin is that you do not need to trust one single entity to hold your funds for you. If you store your bitcoin with an exchange you are essentially still having to trust someone, and there is really no point of using bitcoin then.

Plus, using a light wallet such as electrum which you don't need to sync means that it's as convenient as storing your bitcoin on an exchange really.

Only difference is that you can't trade instantaneously but most exchanges only require 1 confirmation on the bitcoin network which is only 10 mins. It's worth the wait.

I wouldn't recommend panic buying right now.

I would say that we'll probably experience a pullback from the current price to around $4000 per coin, or potentially even less before going up again. Don't buy when the price has risen so much in one day.

When that dip happens, that's the best time to stack up on your long positions.

As expected. Bitcoin has been under $4000 for too long when it should have been comfortably over $4000. As soon as the FUD from China stopped, people are buying into bitcoin once again pushing the price up.

And i doubt this will be the end of the pump.

By end of october we could very much break the $5k level, seeing how strong this bull trend seems to be rgiht now.

The price drop can definitely be largely attributed to the fact that China has banned ICOs as well as exchanges in China closing down because of regulatory pressures and concerns. However, it is not the only reason. The market needed an adjustment anyways.

I think now, most people seem not to be as concerned about China as when the FUD first came out, which is great and the primary reason why price is increasing right now.

This trend should continue into next month, and if the rumors clear out completely then we could be back up to $4500+ once again.

Looking from right now, bitcoin will definitely be able to break $4000 this month.

I'm pretty sure that we will see that level broken even in just 1 or 2 days, after the current sideways movement.

When it does break $4000 i expect it to climb up to around $4400 before there are any signs of the bull wave slowing down. Then, it'll really depend on whether news by chinese officials turn positive or not. If yes then we could potentially break $4500 next month.

So if i interpreted the OP correctly you are saying that bitcoin will never return to the $3000 level once it falls back to something like $1.5k-$2.5k? I don't think this is likely, as bitcoin prices usually at LEAST triple over a 4 year period(at around halving time).

In between these halvings are usually bear markets which i think is well possible after this year. We could potentially see further dumps that drive price below $3k, but not this year imo.

Short term we might see some more gains, medium term 1-2 years we may turn bearish for a bit but long term we should still be going up.

If you store a few millibits or in general not a huge sum of money on payeer then you should be alright. The convenience can definitely be worth the risk especially if you use payeer frequently as a payment processor.

However if you are only using payeer as an online bitcoin wallet, and are storing a few whole bitcoins in it, then reconsider. You don't hold your private keys. You don't know where payeer is even located(their address doesn't really check out). You don't know whether they will disappear the next day or not.

Whole point of bitcoin is about decentralization. Even using blockchain.info could be better than payeer and it's the same convenience.