Don't celebrate too soon. This market is not ready to go up yet, instead, I strongly believe that we'll get to test the $5000 level again in the coming days, or at least before the end of next week. Current fluctuations are a welcome happening for traders looking to benefit from the market swings. As long as this market hasn't bottomed out, there is no reason to think that we'll be back up. So, if you're a trader, have fun, or else, keep holding through this rollercoaster. Panic sellers always end up buying back their coins with a hefty premium, don't forget that.

Bitcoin Cash side yes. By pumping rubbish transactions into the mempools they make Bitcoin look like the bad guy in terms of not being able to cope with transactions in a regular way, and that it's far too expensive to use. In other words, Bitcoin is bad, and for that reason they want to get people to hop over to their Bitcoin Cash scam. They have huge loads of these coins to unload on delusional people, so they have enough incentive to do this till they run out of BCH, and then abandon it, where after that the BCH market has no support anymore from them. Other than that, I remember having had like 200K transactions in my node's mempool, so current number of unconfirmed transactions isn't anything new or special.

I never like to use the term bubble. I rather work with terms such as overbought, because that's far more appropriate most of the times. I have only once considered the market to move into bubble territory, and that was back in 2013 where the price shot up all the way to $1200. At the end of the day, if people think this is a bubble, then let them think so. It has no impact at all - people have been saying that since the market broke through the $100 level for the first ever time, and still do so today. It will never change. Tim Draper is quite an eccentric personality, but he has done very well back in the days buying up the auctioned Bitcoins at peanuts levels (compared to the rates today).

It's indeed obvious where a large part of the money flows into right now. Only an utter idiot buys himself into BCC, and especially when it is at current insanely high levels. I don't even feel sorry for these people, because they should know better when it comes to what malicious entities they feed when buying into this rubbish coin. It directly also shows how certain people here are gambling with their Bitcoins in order to make up for the price that's going down. It's almost like they don't care and just hope for a good outcome.

That doesn't really matter much. If a bubble pops (i.e the price crashes), it comes back down to more realistic levels. Sure, it may get oversold for a short while, but eventually the market will level out. In no shape or form will it ever result in Bitcoin's market to crash to anything below the $100 level (you even mention close to zero). Bitcoin's speculative aspect will always remain, and for that reason we'll always experience periods where the price is greatly overbought, which some people refer to as being a bubble. Funny thing however is that people have widely different opinions on what a bubble actually is when it comes to how much a market is overbought. It's basically something people will never fully agree on, because everyone has its own definition of what's a bubble and what not.

Not perfect at all, just a below average incentive to get yourself to buy some coins. People act like the price has almost tanked, but it's just a relatively normal market movement in current situation. People are disappointed that the hard fork didn't go through, and thus are selling their coins. But even if the fork did go through, people would sell their coins anyway, so the market was destined to go down. Realistically, the price may go down further, perhaps all the way till $5000, but that's nothing more than speculation. Bitcoin was already unpredictable, but in recent times it has once again shown us that it does what we don't expect. Funny how certain people jump into BCC as being some sort of a safe haven, lol.

Basically that. In some cases when it comes to smaller purchases (up to $50 I believe), you can avoid having to wait for that first confirmation if you add an above average fee. This would allow people to do some grocery shopping, but if suddenly a spam attack gets initiated, then the service in question might even force you to wait regardless of the fee. I have never seen Bitcoin as a functional local currency tool. Fiat in that aspect will likely remain the leader till we finally get to work with off-chain implementations (i.e Lightning Network).

There is no such a thing as getting free Bitcoins. In case of a chain split happening you just get an altcoin, one that you can later convert to Bitcoin. In order to obtain these altcoins, you either need to have your coins sitting on an exchange, or offline, where you insert your private key into a *potentially* malicious wallet client, and then move the altcoins to your exchange of choice. The risks of obtaining these altcoins are something that people don't think about due to their blinding greed.

Yes. People like a bunch of baboons are jumping into BCH, and those who are stupid enough to buy BCH at current levels will pay the price for it, that's almost guaranteed.

Things might change if they end up actually setting up their trading platform, which will allow their wealthy clients and institutions to enter this market. That might be the reason he isn't completely writing Bitcoin off like other CEO's of notorious wall street banks have been doing. Important factor is the constantly increasing demand from their clients that are likely bombing Goldman Sachs with Bitcoin requests, now they realize that this market offers far more profit than the traditional markets. I at some point expect every bank to at least allow their clients to buy themselves into Bitcoin directly, or through various financial instruments tied to Bitcoin's market - this is where the money is.

Stop being so fiat centric. If you hold $1000 worth of Bitcoin, the number of the coins you hold will remain the same regardless of what direction the market moves to. On top of that, it's just a small decrease that we experience right now, and after the mad increase we have gone through in the last weeks, this shouldn't come as a surprise.

Ethereum is in a long downward spiral, which means that this is a coin people should avoid. Governments are more and more looking to find a way to put a stop to the ridiculous number of shit ICO's, and as result of that, the number of ICO's will only go down, and thus Ethereum as well. The only thing you and others can hope for, is a pump to happen, but that would be more or less similar to gambling.

What crash?

It doesn't really matter what people think will happen on this forum, no one being a market mover pays even a split second of attention on what's being said here or on social media. If they see no benefit in maintaining their positions at current levels, and thus feel it's time to shift to altcoins, which somewhat is the case right now, then it will happen regardless of what people think. After all, it's all part of the game, people have been switching back and forth for years now, and that's their choice - people just follow the money.

Explain in your terms how exactly one can earn 'very good amounts' of profit by buying at current levels? Are you referring to holding, trading, investing, etc? There is no such a thing as making money by buying at whatever levels if you don't plan to do anything with your coins. If it was that easy to make money with Bitcoin, people wouldn't hesitate to directly go all in. Everything you do with your coins involves a certain risk, where you have to understand what's causing this market to go up, what may cause the market to go down, what the purpose is of you buying Bitcoin (aside from the obvious which is making profit), etc. Bitcoin isn't a tree that drops money that everyone can pick up freely.

It was to be expected. I know that institutions aren't exactly interested in actually purchasing Bitcoin and owning it, which is why they are fine with certain financial products that allows them to benefit from its massive potential, but without actually owning any. But these limits are quite ridiculous, at least in terms of how small the margins are. We've seen the market tank with 10% in a matter of a few seconds, and that's something we'll likely experience more often with old hands unloading coins from time to time. These price swings aren't only a negative aspect, but also a great opportunity for those who look to utilize Bitcoin's fluctuations. Halting trading will result in situations where entities lose out on potential profits, and that's a big no go.

Not really a big surprise. I personally was into stock trading, but then more in a conservative manner since there isn't much volatility to benefit from when it comes to stocks. I completely liquidated all stocks, even if it resulted in me liquidating positions at a loss, just to put that money into Bitcoin, and some other cryptos back then. I haven't had much success with altcoins, but Bitcoin was for me the bomb in terms of returns. Instead of the ~10% returns annually with stocks (which is quite a decent return), I was booking these profits almost on a weekly basis with Bitcoin. It felt like I ditched a bike to step into a Ferrari, that significant was the difference. People slowly but surely notice this too, and that's why I expect far more capital to flow into this ecosystem in the forthcoming years.

It makes no sense to suggest something like this when you take into consideration that every wallet is opting, or at least recommending to use a certain fee that at that point is based on the network condition. One day the right fee might be 0.0008BTC, where a day or two later 0.0003BTC might be a sufficient enough fee. It's network based, not wallet based.

S2X is a malicious fork, which for a very good reason has been put to a stop, at least for now. If you really think that this fork (if initiated) would result in lower fees, you are too easy of believe. Currently we could already work with lower fees if Segwit starts being fully utilized, but that will likely take some time.

China's market importance has gone from the moment the PBOC stepped in. We've been trolled by China far too often, and that's why I am glad that they (at least for now) are put off side when it comes to on-exchange trading. China just needed to fart, and people would start selling like there was no tomorrow, which is beyond insanse. Why let the entire market tank just because something happens in China? It makes no sense. That's why I prefer to see Bitcoin's adoption being spread out over several larger countries, instead of just one like how things were before the PBOC sanctions. Currently that's more or less the same when it comes to Japan, but they at least are the complete opposite in terms of their approach.

Bitcoin has Segwit already implemented, so there is nothing that we need for now, other than Lightning Network eventually. S2X was nothing more than a tool for a bunch of greedy tards to exploit Bitcoin in an attempt to make millions in profits instantly. You know that, I know that, all people with a functioning brain know that. S2X is nothing more than a redundant piece of garbage.

People are free to move to any other shitcoin that this market counts. No one forces anyone to stick with Bitcoin, but yet they continue to stay.

In other words, you have sold every satoshi that you own? Mind showing some screenshots, just to make sure you put force behind your (empty) statements?

You're just pointing at the fact that the fees are still too high when it comes to lower valued transactions, but that's something even the larger block fork wouldn't solve. Blocks being a certain size doesn't necessarily mean that the miners will include all transactions just to fill up their block, it doesn't work like that. If your aim is to see Bitcoin be an ultimate tool for micro transactions, you'll need to have more patience. Lightning Network will take some time before it will be something the general public gets to use. How much time is impossible to say for an outstander, so you'll just need patience (i.e wait it out).

Basically that. I am actually surprised to see the hard fork being put to a *temporary* stop, while for a lot insanely wealthy holders there is plenty to gain from such a major event. I am sure that malicious entities such as Jihan and Ver were already counting their instant profits, but they have to swallow this as a loss, at least for now. It was quite funny how Ver was looking to bet with others that the value of S2X would exceed the value of the legacy chain. Especially when you consider that the bet he makes is utterly insignificant in comparison to his overall wealth, and the fact that he is so confident. It just shows what kind of joker he is - he now has plenty of time to put in his 'precious' BCC project.

For people here it might look boring, but if they implement it well enough for people to actually have a better overall currency experience (i.e more usability and convenience), people will definitely use it, especially the average joes there. It might sound weird for people being part of this community, but it's a given fact that not everyone cares about being operational under a fully controlling governmental system. The simple working class is perfectly fine as long as they can pay bills, buy food, do whatever they can at their budget level, etc. If they get to use something that enhances their life a bit, then they will surely see it as a worthwhile addition.