You have a point there, which indicates that everyone (including myself) is/was too much focused on how the market was performing before all this started, and based on that assumed that things would more or less remain the same, which isn't the case. This makes me even more confident about my decision to (at least temporarily) stop trading this market. I will however keep my selling point for this bull run at ~$9500 just in case a correction happens somewhere around the $10,000 level. If there will be no correction in the short term, then so be it.

I agree with you on that part. It seems that all exchanges do this, based on the plenty complaints that I have been reading through lately. It's shady and misleading at the same time because this is done on purpose. If people sign up to an exchange and figure out that they first have to verify themselves before they are allowed to deposit and start trading, the majority of them will just refrain from doing so and look for a different exchange that doesn't require up front verification. No one is looking forward to hand over very sensitive/precious personal information to an unknown entity, even if it concerns Coinbase. Unfortunately, I don't see exchanges change this way of operating since it will work against them due to the aforementioned scenario.

Most people don't realize that a very important aspect is that fees largely depend on usage. If a certain coin doesn't experience much actual network usage, which applies to the far majority of the coins, the fees that you use to send a transaction through these networks will be ultra cheap. In some cases you can even send your transactions without including a fee at all. People initially were praising Ethereum for being fast and cheap, but as soon as Ethereum started to enjoy a decent bit of adoption, the fees started to sky rocket, and its network suffered difficulties several times in quite a short period of time. If every altcoin claiming to be fast and cheap experiences the same level of network usage, people will change their view on altcoins completely. Also, people were claiming to ditch Bitcoin for other coins because they are faster and cheaper, but they still use the "slow" and "inconvenient" Bitcoin.

Not the best investment, but also not the worst? Sketchy words. To a certain extent I can understand people who think like that due to the current higher levels, but it also directly shows the lack of their long term vision. Bitcoin is far more than just an investment, but that's obviously not what people are looking at initially, they are just out to grab some quick profits. At some point people will realize why Bitcoin is more than just an investment, and then still they are free to enter the market (Bitcoin doesn't discriminate like banks do), but obviously, at absurdly higher levels.

It's insane how nothing seems to make sense anymore. Everything that most of time times would more or less be a spot on analysis, did hold somewhat of a decent chunk of value before the current rush started, but now it's all garbage speculation/analysis, regardless of how much time and professionalism is being put into it. I used to exploit repetitive patterns in times the market was in a more active phase, but have stopped recently because of the fact that nothing works out anymore. I turned into a sole holder, which seems to be the safest side to be on in current times. Some times you need to admit that you can't beat the market, and this is definitely my way of admitting that.

These constant newer highs have become so common, that people are slowly but surely becoming resistant to them when it comes to their impact. Not that long ago a new all time high was a fantastic achievement, and now it's nothing more than okay, another all time high, up to the next one. At this point we're very close to the $10K level, which seems to be a mental point where the market could take a temporary dive, perhaps all the way to lower $7000's, which if you think about it, isn't that bad after all. It must be tough to see the market only go up if you have cashed out at way lower levels, and since then are waiting for the market to come back down again. Just shows that holders are once again the real winners here.

This rally at this point is purely driven by speculation, and then I am referring to greedy people getting more greedy, and also the potential approval of CME's Bitcoin futures which will allow institutions to jump on board. In case of the latter, it somewhat justifies the market to hold its position, but this will change once it becomes clear that there is no authorative approval at all.

I am more thinking about how older hands will act once we're close to the important $10K level, which is a massive mental barrier, and thus could give them incentive to unload some of their holdings. But as I said earlier, the awaiting approval could be working as a stimulance to continue supporting current higher levels. Everyone looks forward to what the CFTC will come up with.

Explain 'trade transactions'.

There isn't such a thing as lost funds with Coinbase. It has all to do with people not being able to access/withdraw their funds due to a lack of account verification. Coinbase is known to be a very strict service when it comes to user verification. If you sign up there, you directly agree with all their terms, so nothing should come as a surprise, but it still does since no one bothers to read their TOS. The only annoying thing is that if you need support from Coinbase, that it will take an awful lot of time to get issues sorted, and especially when it comes to blocked accounts. In case of the latter mentioned, it seems that all major exchanges are struggling to settle problems in a reasonable amount of time, so it's not just related to Coinbase.

It won't, but perhaps he is referring to the fact that it may give people less incentive to keep their funds on-exchange, because as long as they have open orders that they believe might at some point get filled, these people will not withdraw their funds. People are a lazy bunch, they will grab every excure they can not to withdraw anything. Despite the fact that people seem to be unsatisfied with what Bittrex has done, I am quite sure that not many people will end up leaving that exchange. Bittrex aims to get rid of the lower value bot transactions by setting up higher standards. It's likely an attempt to make their exchange a bit more responsive, but then without them having to pay a single dime for it.

Easy money doesn't exist, and Bitcoin isn't a tool that will bring you any closer to that. If you want to make money, you'll need to put money on the table in order to make money. Or if you have a decent skill set that you can sell to people in return for Bitcoin, then you'll be making money too, but I don't see much difference in you selling your skills for fiat, or in return for Bitcoin - it's your skill that brings in the money, not the tool. People should really drop the thought that everything related to Bitcoin brings in money effortlessly, because that's not the case at all. This forum is literally infested with these people, and even to such an extent, that it degrades all sections of this forum to something barely worth reading through anymore.

The fact that administrators (Cyrus in this case) allocate so little time to account recovery, makes it obvious that they don't add any sort of priority to it, and I can definitely understand that. For that reason we can't expect theymos to promote staff to a higher rank just because of this. People should take care of their accounts properly, and if they don't do so, regardless how annoying it is, they have to patiently wait for an admin to act. At this point there are far more important things for staff members to focus on than to recover accounts.

I can only see an ICO ban gets removed if there are some strict policies in place to prevent pure minded scam ICO's from harming innocent people with their garbage. ICO's lack serious regulations, and even to such an extent, that it might take a significant while before we see them be allowed again in whatever shape or form. No one should be able to list an ICO without following the legal route, but there hasn't been anything hinting at this, which granted scammers an insane amount of room to launch plenty of ICO's and suck up millions worth of crypto. Thats why I am glad that China did the right thing and put a direct stop to this nonsense. It's not often that I agree with the actions of a government, but in this case I do. Another good thing is that theymos (at least for now) doesn't allow ICO's to get an ad slot anymore in his weekly auctions. It won't stop scam ICO's, but at least something is being done by this forum to not let it infect everything we care about.

I actually expected them to do the exact opposite, so I am pleasantly surprised here. It shows that we can't just assume that the common attitude of the countries in that district is spread all over, and think it will automatically mean that there is no place for Bitcoin and crypto in general. It will however still take quite a reasonable amount of time before Iran actually puts things into practice according to the article, but at least it gives us something bullish to hold on to. Iran with almost 81 million citizens is quite capable of contributing towards more overall growth, which we can only be grateful for.

It's pretty safe to say that the $9000 level will be broken before the end of the next week, to be somewhat on the safe side. It could even happen today or tomorrow, but I always prefer to take a wide time frame for my predictions. Interesting will be whether or not we get the much waited for correction between $9000-$10,000 this year. It makes sense to a certain extent, but if we look at the time we're in, it also makes sense for the market to rush up further. It's impossible to get hold of this market and to properly say anything of value, because this market does what it does regardless of the general opinion. I will take some profits as soon as the market hits $9500 in order to anticipate on a potential correction.

Not really. In most cases it's obviously clear that these forks are nothing more than cash grab opportunities for the large holders behind them, and that's really it. I remember how people we're afraid of what would happen at the first of August, but after they noticed that there is money to be made with forks, they can't seem to get enough of them. For that reason I am quite sure that we'll be seeing a whole lot more forks pop up in the coming years, especially now ICO's seem to be experiencing a heavy load of resistance from all sides.

The point is that this market after all the years of progress is still vulnerable to fud, and unfortunately, as long as that is the case, we'll be seeing all sorts of entities use it to get this market to fall down. It's the people here that for once need to man up and know what they are investing in. If you take fud for granted, it obviously means that you haven't got a clue about what Bitcoin is, and how its features are an important aspect to obtain that what governments and banks can't give you. It wasn't all that long ago where even the mainstream media was reporting about Bitcoin as it being a tool for criminals, but that luckily is almost gone. Instead of the average joes taking that nonsense for granted, they now are jumping into Bitcoin like there is no tomorrow.

Nothing is impossible in this market, but it's highly unlikely. If we look at how the strong demand reacts when the price dips below the $8000 level, you'll see how quick it gets bought up to over the $8000 level again. In case a more serious correction follows, it will be an extremely short term happening, which at that point is something positive for those looking to enter the market at discount levels. If we take the strong demand into consideration, and the willingness of people to hold their coins for a longer period of time, we're more likely going to face a consolidation phase rather than a corretive phase. Either way, people should understand that everything that happens, is just of short term nature. Hold through if you're not a trader, and if you are a trader, then utilize all given opportunities.

Correct. That's the reason exchanges at some point will start using different nominations by default instead of BTC. It will at the same time help people giving them the impression that instead of a tiny fraction of a whole unit, they now own several units. In other words, if Amanda buys herself an amount that's nominated as 0.05BTC right now, will then be her buying 50mBTC, or 50,000Bits, which is all the same, but it gives people a higher quantity of coins from the looks. And regarding your prediction, I am even of believe that in ten years, we could have gone over the $100,000 level already. Institutional capital is just a few blocks away from reaching this market, so we'll be up for some very interesting years.

Only an utter fool would do such a thing. Public wifi networks are not safe at all, even when it's a store or bar hosting them, but more importantly, everyone can set up a fake wifi network to trap in people and steal information, money, etc. I have never connected any of my portable devices (e.g smartphone, tablet, etc) to wifi outside my own home wifi network. It goes even so far, that when I have family or close people visiting me, I am not allowing them to connect to my home wifi connection. You come to visit me, so what do you want from my wifi, lol. I know I'm paranoid, but this paranoid behavior helps me in keeping potential threats away from me. But then again, as the article points out, it still has to be made clear how exactly he has lost his coins. I hope this article gets updated once it's clear.

Very short and not much information containing article, but for once a central bankster with an actual realistic and fair view. I personally have never seen Bitcoin as a currency, and will likely never do so, unless Bitcoin can offer the same level of convenience and usability as fiat does. For me it's a pure form of digital Gold allowing me store my wealth outside the reach of bank and governments, and to avoid all other side effects of this on debt based system. I am perfectly fine continuing using fiat alongside Bitcoin since this is what's giving me the best of both worlds.