Technical analysis can't do anything when manipulation gets involved. It could indeed be some excited parties buying up the market hoping to initiate a positive vibe run, but we may also have reached a new bottom after going down for such a long period of time. $10,000 will be an important factor in the coming days, because that would not only mean we're further away from the bottom, but also back at five figure levels. It's a combination of factors that will contribute towards a more positive overall sentiment. Also, the market in most cases does what the people don't expect. People expect $30-$40,000, it tanks hard. The market anticipates on a move to potentially below the last bottom, and we're going up. It's manipulation moving the market, that's clear.

All mainstream social media platforms will follow that path, which makes sense. In most cases large multinationals don't only purchase ad space on one single platform, but at several platforms at once to have their products or whatever it may be they advertise enjoy a wider field of exposure. It's a domino effect, and one that shouldn't come as a surprise.

Twitter, Facebook, Google, they all have been displaying shit-scam-scum-nonsense ads for a very long time, and that in such a way, that it almost seemed like they were representing the entire crypto market. I am actually happy that these shitty ICO's and whatnot will no longer get the exposure they had previously. Money should be flowing into Bitcoin, and not in shitty altcoins projects, schemes, ICO's, etc. Shitcoins and projects need to advertise themselves to gain popularity. Forks need to have Bitcoin in their name to gain attention. Bitcoin doesn't need that. Bitcoin speaks for itself, and it has always been like that.

Every normal thinking person would sell these coins through OTC markets, which is where these level of deals quite regularly happen. The liquidity available in OTC markets is likely 100000% higher than the liquidity available on the shitty exchanges our market counts. In current times, professional and other wealthy parties would clean your shoes just to buy that many coins at once for a fixed price.

It's clear why the coins are being sold on-exchange, and that's obviously their personal benefit.

1- Bastards sell their personal holdings, knowing what has to come.
2- Bastards start dumping Gox holdings, initiating and exaggerating a massive correction.
3- Bastards dump another batch of Gox holding, pushing the market down further.
4- Bastards slowly buy back their personal holdings at discount levels.

It may even have been so, that they sold this precious bit of information for big bucks. It's one big bandit cartel, what else can we expect from them? Once all people are paid back, and with luck also are given back the coins that are left, because it simply belongs to them, Mark Karpeles will continue with his 'normal' life like nothing has happened, but wealthier than ever before.

While I somewhat understand and agree with your point, we must also understand that all people are and should be responsible for their own actions. It's mind boggling that someone deposits $1 million in whatever incompetent exchange, and that alone is quite a reckless practice in my opinion. If I am about to invest a significant amount of money in crypto through an exchange, I will first thoroughly research all exchanges in each and every aspect. If turns out that the majority of the exchanges aren't licensed, and thus are running an illegal operation, I simply avoid them. No way I am going to risk that much money by blindly wiring it to an exchange just to nurse my hunger for an investment in crypto. If an exchange isn't licensed, and not even registered, which you can check easily, then avoid that garbage. Depositing any sort of amount at that point is basically a game of Russian roulette.

Definitely not! CCN is amongst those who are considered the worst of the worst when it comes to being a reliable news source. They are one of the main sources spreading fud and other rubbish being a massive contributor to fear in the market. The far majority of their articles either have a heavy bias towards a certain crypto currency or service, or it's just blatantly sponsored. If you want to try to get as close as possible to the truth (which some times is even inpossible), try researching every article subject thoroughly by jumping into every possible source of information. NEVER just rely on one party, because they more often than not only show you what they want you to see, especially when it comes to CCN.

It has not much to with the scam aspect of the services they allowed to buy ad space. If that was really the case, they would have stopped allowing crypto ads a long time ago already. Google has to protect itself legally, and to prevent itself from losing billions in ad revenue. It isn't all that long ago where multinationals threatened to cut their ties with Facebook and Google if they didn't force through specific changes. If it was up to Google, these scam ads would be allowed endlessly, but it's just the overall pressure that made them do this. Money is their main incentive.

I can definitely understand that people see this as an attack on crypto, because while crypto options, futures, etc, aren't allowed, platforms offering all these traditional trading instruments are still allowed to advertise, even though they need to be licensed now. Perhaps, when this market has been regulated and aged enough at some point, they will review their terms, but we shouldn't really take it for granted. Bitcoin never needed any advertisements, and certainly doesn't need it now.

Stupidity will only be acknowledged if people end up losing money. If they gain money from doing stupid things, they'll think it's good, and as result will continue with it. Bitconnect just didn't care anymore, because they were quite near the date a lot of the early birds would be able to withdraw their initial investment, and that's obviously something Bitconnect wouldn't allow to happen, which would then confirm people's thoughts, that it is a scam indeed. Genesis Mining doesn't have any of that exposure, and thus are likely to remain 'mining' for plenty of more years. Cloud mining in general is a very strong product. It's almost impossible for services offering cloud contracts to lose, where they legally have made sure they are well protected as well.

It may be that their XEM node isn't fully syncted yet, which might somewhat explain the situation, but it still doesn't seem to be recognized, which partly dims that theory again. I would give it at least another 24 hours to be sure. And please keep this thread updated in case your issue solves itself, or gets settled by support, otherwise people will keep bombing this thread.

The only weird thing about this exchange is that their domain registry details don't match their details on their site. It could be a domain lease in the end, but it doesn't look very professional if an exchange needs to lease a domain, and more importantly, it doesn't look very trustworthy if the exchange details don't match their whois details. It also seems that they aren't registered, and not licensed. It doesn't mean it's a scam or whatever shady entity by default, because the majority of the exchanges aren't registered and licensed, but you know what they say, better safe than sorry.

The thing is that even though the malicious crypto ads don't represent the majority of our market, they did represent the majority of the ads that were being displayed. Google legally and financially had no choice other than to follow this path, and yes, it's unfair to a certain extent. On the other hand, this will cause other platforms to emerge because of the high demand for platforms to advertise on due to Google's and Facebook's absence. People shouldn't underestimate the capabilities of a 'free' market. One major platform quits, two or three pop up looking to scoop up that potential ad revenue. Granted, Google is indeed a very large player, but we won't be missing anything. Seriously, if I typed in blockchain for example, Google showed me ads for blockchaln, or bl0ckchain, etc. It's dirt we get rid of, and that's a positive thing, obviously.

Agreed. I don't know how much time this market will need to mature properly, but I think it's safe to say that it has to be done through properly regulating this market, and then mainly the exchanges. At the moment CBOE opened its future markets, they had to halt trading several times because of the fluctuations Bitcoin was experiencing. These market/security measures are what we need, and I seriously expect them to be a must for each exchange within a few years. Bitcoin's free market is a great advantage, but at the same time also its main obstacle. And then we also have the poor liquidity forming an obstacle. It's basically a combination of everything, but we have to deal with it for now. These times are great for traders, but not so great for the newer market participants.

The far majority of the people don't understand anything of this market, and don't even know what crypto actually is. The only thing they are here for, is to book quick profits, but the only thing they are doing because of their stupidity, is booking quick losses. They don't care one single bit about what's powering crypto, the blockchain, or peer to peer transactions. In large numbers, these are the people buying up the market to record highs, and also dump the price down afterwards. It basically means that they complain about something they largely themselves are responsible for.

While people keep panicking, I just enjoy reading through this forum everytime a correction has taken place. It was like that back in 2013, and is still like that today. Noobs buy at peak levels, sell at a loss because they think Bitcoin's time has come to an end, but blatantly buy back once the market has gone up again. After that, the cycle repeats. It's not super cool to make fun of people, but come one, most people will admit that it is somewhat hilarious. If this happens to you one time, you can learn from that mistake and not fall for it the second time, but it's happening time on time again. People don't seem to learn, or even slightly understand what the actual problem is.

It doesn't really matter anymore. The price was bound to go down anyway, so whether it's the speculation about MtGox dumps, or just the lower overall demand, it's the same in the end. If one thing became clear over the last months, the ranges have only gone lower and lower. People for now need to adjust their expectations to significantly lower levels, because the support of the last weeks wasn't able to maintain $11,000/$10,000/$9000, and perhaps not even the $8000 level. The less you expect from the short term market, the less disappointment you'll face. In other words, don't even dare to speculate about $50,000 this year.

Scaling (on-chain) will likely never be 'fixed' because of the politics involved, but off-chain scaling is already live, although it being not out of 'beta' yet. Lightning Network tackles the following on-chain obstacles; fees, confirmation times, transaction processing capability per second, and allows more fexibile scaling to happen. With enough LN nodes and open channels, there will be millions and millions of transactions being sent back and forth, and all instantly settled. LN is what Bitcoin desperately needs, and it's just a matter of time before it's globally deployed. Currently, although it being on a very small scale, main-net LN transactions are taking place.

I remember similar threads when the price was hovering far below the $1000 level, and still nothing has changed in this aspect apparently. One must be an utter fool to take the time and write this nonsense. Oh wait, it's done to 'warn' others, now I get it..... Or not, why do people need to be warned by a complete no-no, and most importantly, what for?

All these threads point out one clear thing, and that's faillure on personal levels. People who suffer such defeat can't admit that, and blame all sorts of external reasons to satisfy themselves falsely. It's like people gambling with Bitcoin. They gamble their coins on their own, when they lose it all, they blame Bitcoin, the site operator, Bitcointalk, etc. Look in the mirror and accept the fact that you're a no-no. If you come to sense, there is always place for you in crypto, because crypto doesn't discriminate. Keep your balls tight fella!

It's a bit disappointing seeing how little they actually came up with. I expected more, and especially when it comes to financial institutions. Plenty of exchanges there were depending on their bank accounts because of ICO launches and whatnot, but that yet again can't be taking place, and who knows when it will (if ever). I am fairly sure that exchanges there will either make use of foreign bank accounts willing to offer their services to Thai exchanges, or the exchanges themselves will relocate their operations in order to avoid this their shitty banks. Their tax terms however don't really seem to be that outrageous compared to other countries. 22% is even less than what I had to pay lol. At the end of the day, these regulations have only one purpose, and that's tightening possible gaps and loopholes to avoid situations where people on purposely don't pay their taxes. Control & legal theft.

There has never been an actual reason to doubt Bitcoin's future anyway. It's all gibberish and fud being pumped through these channels to scare off noobs. I find it funny that for a long while Tether has not been subject of any actual discussion, but suddenly when the price started to fall, the crypto news sites started jumping on it without providing anything that people didn't know already. It was just rehashed nonsense.

People should understand that this market is largely hype and speculation driven. If the price rockets up to $20,000 like it did last year, it doesn't mean anything for Bitcoin itself, and doesn't reflect Bitcoin's progression. It just shows how crazy the market is, and how stupid at the same time, because seriously, the only thing +$15,000 levels were good for, was securing profits. If people think that going from below $1000 to nearly $20,000 is sustainable, they are retarded. Nothing in the world justified Bitcoin to have that value, and especially not with how cluttered the network was back then. I get it that there was a massive spam attack going on, but that just shows how much of an easy target Bitcoin is, and still doesn't mirror the peak value, not even $10,000.

Keeping your mouth shut helps. Stop bragging about your profits and holdings helps. I know a few people locally who share their crypto progression on Facebook, which is mind boggling. Their Facebook account contains pictures from their house, their street, and contains even location tagged posts. Like seriously, if you want to become a target, then this is the way to follow. I personally just browse through profiles for curiosity purposes, to see what's up locally, but there may be enough ill minded people out there looking through profiles with completely different motives. Funny thing is that if you ask the average person what amount he has in his savings account, you'll be told that it's not your business, or that it is even rude to ask. But if you ask them about their crypto holdings? You'll likely hear this; I just made like $10,000 yesterday, and that while last year I made like $50,000! Crypto rocks! Fools.

I don't really see the point of anyone using an exchange having zero credibility for the purpose of just testing it, or as you said, to mess around with it.

It's nothing special. Exchanges using a dynamic fee structure always offer the lowest possible fees. I would even say that 0.00008BTC as withdrawal fee is still on the higher side, even when that exchange doesn't utilize Segwit. The Monero withdrawal fee is indeed much lower than what the far majority of the other exchanges charge for withdrawals. But still, it doesn't justify using such an exchange.

That's only a concern to those who choose to be involved into the centralized part of this market. Sure, legally you'll still be obliged to pay your due taxes, but if no one beside yourself knows anything, and you smartly manage to cash out or buy locally, this won't be much of a problem. Granted, people following this path only account for a small percentage, but that will change throughout the years. Most important factor is that we actually have an alternative option to choose for, and that's something we didn't really had before Bitcoin.

I have seperate stashes that I operate and hold, where one stash is purely dedicated to trading on centralized exchanges, where I do pay tax over my profits, but the other part that doesn't touch any central service, is hidden and will never touch a central service. Obviously, I am not going to pay tax over these holdings and potential profits. I accept that I haven't got a choice to avoid paying tax when it comes to the coins I use for trading purposes on an exchange, but the rest is something that the government won't see one single penny of. It's mine.

No. If you look at the main resistance, then it's obviously just below the $12,000 level, and that won't change without a bullish market trigger. I would rather prever people to just accept the market the way it is right now, and thus to not make any unneeded precitions that don't really make any sense. The only thing people are doing with these predictions is hyping themselves up unnessesarily, to later end up with disappointment. Current levels aren't low, and might still be above the levels I think Bitcoin should be worth right now. I think the actual price of Bitcoin reflecting current market situation is below $8000 and not above it. That only shows how much of a fake peak the all time high back in december was. It was based on nothing but blind speculation, fomo, greed, etc.