depression time for some but happiest days of some others lives.
i remember the day i opened up the exchange site and saw my low bid at $180 that i never even imagined getting filled, was filled!
it sure was scary for a moment but then every day that passed i became happier

i somehow doubt it.
because official cryptocurrency must be centralized in full control of the government. the same way paper money (cash) is centralized and in full control of government. you don't see them ask a third party to print money for them!
in the same way they won't even allow anybody else to touch their official cryptocurrency but themselves, and the banks. that way they can control everything there is to control, hash rate, any change or update,...

there are lots of people making money because of the existence of mining farms in China. from the owners of the farm and their employees to small electric companies who owe their survival to mining farms and their special contracts, and the hardware companies manufacturing mining equipment.

don't think for a second government can even touch such a huge financial operation with so many big people involved.

every single source that was spreading the news.
every single 100-700BTC dump at once that took place on big exchanges. i wish i took a screenshot of it in the beginning.

and price wasn't rising that fast either. it was actually a slow rise compared to all the other times it goes up like a rocket.

actually i expect this to last long. the FUD is still hot as it is, and they are going to continue spreading it, while dumping coins on the exchanges to push price lower.

and when this phase ends, all of the manipulators and all those who sold in initial phase have lots of money at hand to buy at the bottom so another long accumulation will shape up.

at what price and for how long is impossible to tell right now. it mostly depends on how many will panic sell today.

if someday i decided to take ridiculous risks and in other words to gamble with my precious bitcoins then i would go to a proper casino and take some risks there.

i would never in a million years hand over my precious bitcoins to a scammer to take them and run away.

sadly this is turning into reality for bitcoin, and some times it almost feels like miners and developers don't care about these issues. and despite all the nonstop talk about "block size debate" so far nothing has changed.

it is almost funny that you only show up when there is a manipulation going on and price goes down. the rest of the times you go into a deep winter sleep waiting for another drop to come out.

it is simply manipulation using a hot news.
they built it up in the previous days, and today in a couple of hours ago they started dumping at high price of 1050+ to create panic.

you can see signs of their manipulation on this board too. so many new accounts are being created saying the same lies.

and guess who is going to buy at the bottom from those who panic dump? exactly the same people who sold at 1050+ to start the panic.

did not = past tense. they no longer offer this.
it was OkCoin and another one that i am not sure about. and they were offering 0 fees on bitcoin/CNY pair for a very long time and since they had other ways of earning money it was ok for them.

and by the way it wasn't transaction fee it was trading fee, these are two different things.

are you Chinese and want to deposit CNY?
if not why do you want that?

and to answer your main question, any exchange would work for you. as long as there is enough liquidity so that you can take advantage of all the changes. things that i will check is their fees, and then their volume and then their rules and if they accept traffic from my country!

also i am not sure if you want to trade altcoins or bitcoin/fiat? because polonies is good for altcoins.

nobody is stopping you from testing all those wallets out.
even if you like you can install a virtual machine such as Oracle's VirtualBox and then install an operating system on that virtual machine and install all the bitcoin wallets on that virtual machine to test them.

install, Electrum, MultiBit, MyCelenium,.... and try out their features and interface and see which one you like more.

for offline wallet the easier solution may be using bitaddresse.org (check spelling before visit the link)

i see most people have voted for the second option, but that option is what bitcoin price "is" not what it "should be", it is possible many misunderstood that.

in my opinion price should have been about $3000 by now, with the rate price was rising, and the adoption.
but things like slow regulations, MtGox fake pump, exchanges getting hacked, so much FUD in media and news about bitcoin and in general showing bitcoin in a negative light, and many more things prevented that by slowing down the rise.

with all the FUD that have been flying around any place that was bitcoin related about China and also the dump that took place a couple of hours ago with $1009 bottom on bitfinex i think it is safe to say that Chinese news and FUD no longer has the previous power it used to have causing panic sells.

it also shows the strength of the buy support.

what do you think?

in my opinion paying higher fees at this point means paying miners extra money, more than they deserve. right now they are earning $12,875 for each block they mine and some of them mine quite a lot of them. they can easily increase the block size and get the same total fees they get now and even more but users will be more satisfied.

to answer your question i wouldn't be willing to pay fees higher than $0.1 (of course that is for regular size transactions not a big tx size).

maybe someday that block reward wasn't as high, and block size was big and miners really needed the fees i pay, i would be ok with paying higher fees.

nothing about trading and the profit that you earn from it can be fixed. you can reach a point that always make profit each month or each week for example, but you can never count on the amount you can make.
some weeks it can be a huge profit and some weeks it can be a very small one. because mostly it depends on the market situation, the things you invest in and some amount of luck.

well sadly these stupid fights and everyone of them thinking about taking control and making money, will hold bitcoin back.
but in the end, traders aren't known to care about political stuff that much. and as we can see the price has been rising irregardless of all these fights.

avoid taxes : no
capital gain : yes and it can be taxed
underground economy : yes but not in the size that you think, it is so much smaller and also traceable.

ps. make the poll here, many of us do not have twitter and don't need it.

how is it not worth trading bitcoin with small amounts if you are a beginner? you know everything is percentage right? fee, profit, change,... so in the end it doesn't matter if you do it with 10BTC or 0.01BTC you will pay 0.2% fee and make whatever percent you can make.

also the disadvantage of going to altcoin trading is losing a huge amount too. in altcoins there is the same chance of falling big time as there is a chance of rising big time, and usually people forget the falling (dump) part.

a new chart was born
i combined the previous one (poor paint skills) with the current one.



i expect some ups and downs around $995-$1010 but mostly above $1000 and unless nothing unexpected happens, we will see $1100 in a week...