I'm pretty firm on my believe that we won't see much of a price advancement until we close that CME gap. I expected it to happen earlier this week, but it seems that we're facing bulls ready to buy the lower $9000 area quickly. It's much better to trend a little down in the short term and close that gap than to do it somewhere in the forthcoming months, which sucks harder.

As long as we don't again close consecutive candles below the 200 daily moving average I'm confident that the market is ready to move forth.

Glad we're not far from closing a bullish monthly candle.

It's not going to go up that fast, mainly so because of how we're facing significant declines during the december month. I expect a wave up, which I'll sell into mid to end november, then buy back somewhere in the first months of the new year. It's not likely that the market is going to bahave differently this time, and of course expect tax sales to happen.

People speculating on a visit of the ath of $20,000 before the end of the year will be very disappointed, and they have only themselves to blame for.

Yes, the price activity is bullish currently, but that doesn't imply that we're going to break through the $14,000 level just yet. Open up the carts and look at where this year's bull run peaked out. You'll see that it respected the highest monthly close in the history of Bitcoin. We'll need more than a few months to chew through the selling around that level.

https://www.bitfinex.com/posts/427

It doesn't happen very often that the headlines about Bitfinex are positive for them and the rest of the ecosystem, but this time it's different.

It really sucks that there are plenty of exchanges still not allowing their traders to withdraw to bc1 addresses. I hope that this will motivate other exchanges to follow the same path.

According to an exchange of Tweets between CZ and a Bitcoiner earlier this month, CZ has indicated to roll out support for Segwit before the end of the year. Not sure how serious he is here, but it would provide a massive boost for Segwit's adoption. Lets hope for the best.  

He isn't pro core, he is pro anything that makes sense based on the economical formula presented, which is Bitcoin and Ethereum.

Look at all the videos on Youtube he is featured in, the ratio between likes and dislikes is generally 99 to 1. I think that's a pretty accurate metric to measure his popularity.

There doesn't seem to be a measurable depth to his knowledge. Combine that with his articulation and there you have the perfect spokes person for Bitcoin and crypto in general.

It all comes down to supply and demand. If there weren't any noobs to sell garbage to, so called influencers wouldn't be promoting their products/services.

Perhaps a bit, but only to go from super bad to semi bad. Perhaps that 5 paid posts per day will help the overall quality go from semi bad to just bad.

Campaigns need firm management where participants are enrollend manually instead of automatically by a bot. Sure, Yahoo can boot people from the campaign at any time, which he has been doing a lot based on his massive ban list, but it's not going to change anything as long as there are hundreds or thousands of accounts filling up the spots of those who have been booted.

I don't think it's alright.

It's like saying that Bitcoin is limited because you don't have electricity or an internet connection to transact. It only highlights the limitations of your local electricity provider's network and your ISP.

That's something you can blame news outlets for. Even if Bitcoin could be the savior of the world as you state it, then it's still up to the people to make the best of it. From what I have seen, people are not capable of seeing the value of Bitcoin and therefore they will not help themselves or their environment.

Only a few have enough sense in them to buy into Bitcoin before things in their country escalate for the worse.

Lightning (or any other second layer) will be far enough in development by that time to smoothly allow you to transact at a cost of 1/100th of a penny, and that instanteneously.

If we ever get to a point where people are paying such high on-chain fees, which I'm sure will happen as Bitcoin will become the most secure high value transactional layer, the economical model where miners rely largely on transaction fees alone will prove to be a great success.

2017 was a glimpse of how willing people are to pay up for high fees as long as there is something to gain. Speculation and transfer of value are very valuable properties. I'm not too worried.

It's like two weeks ago that we have witnessed a stale block on the Bitcoin network, and it will definitely happen again.

Bad Binance. Offering your traders convenience is never worth jeopardizing your own business. Bitmex also just requires 1 confirmation, but they at least manually process withdrawals once a day, while Binance withdrawals can be requested at any time of the day and are near instant.

Coinbase & Co wait for 3-6 confirmations for a reason. It's not done because they like to make people wait, but to obtain enough certainty that they will not lose any funds.

Right. Not only from a spam standpoint it's a better standard, but also in the sense that people tend to develop a strong dislike towards a certain service that's being represented everywhere, mainly so if the posts happen to be crap like what we see happen with the cryptotalk campaign. I can't open one single thread without seeing that signature flash up like 5-10 times in every page of a thread.

The problem with cryptotalk campaign is that they seem to be paying for nearly everything you post, also bumps according to some people. If the standard is that low, no wonder every participant is incentivized to post like 10 times a day. Without any rules the no minimum post still leads to a lot of spam.

People on social media trying to sell you something, with a high degree of certainty aren't making enough through trading to not shill their rubbish courses and whatnot.

I love this quote from Norman Ralph Augustine;

There is no shortage of greedy leeches here in crypto. I expect things to become worse the deeper we dig into the different layers of mainstream adoption. The deeper we go, the more tech/investment ignorant the people entering this space are, which directly translates into more potential victims for these so called experts.

It's quite funny though, because most Bitcoiners aren't open minded at all. I like the way Satoshi accepted the fact that Bitcoin could either end up being extremely successful with a lot of transactional volume, or end up with no volume at all, thus a failure. People here just blindly assume that it will work out where the whole world and animal kingdom will be using it.

I'm sure he would still think like that today and go against moon boys such as Pompliano to make people aware that it's not set in stone that Bitcoin will succeed. We don't have to see the price go through a bull cycle every x number of years. This doesn't mean Bitcoin is a failure, just that the speculative side has lost its shine, which is great for anyone looking to use Bitcoin as a currency the way it happened in the very early days.

Sane minds is what we are lacking here, which is why I browse through Satoshi's posts from time to time. Heck, I'm even missing kwukduck. 

I found my spending habits to have exploded the moment Lightning became easy to access and pretty stable in terms of successful payment attempts. For every on-chain transaction I conduct, there are probably a dozen or so transactions conducted through Lightning, and I absolutely love it. I just can't get enough of everything I purchase to be accepted instantly.

What I am waiting for is adoption of Lightning by exchanges, but I'm pretty sure that the Coinbase's of this space will not bother until the software has matured properly. It will open the door to a whole new set of use cases that people will like. I expect a lot to happen within the gaming and gambling industry once Lightning has made the necessary steps to onboard large entities without problems.

It could be a poorly translated article, but it wouldn't surprise me at all if news outlets and whatnot purposely spread fake bullish information to steer the market into the north direction. It's something we have seen happen for a long time now.

The point of the China news is that they are looking to become a blockchain hub, which might not even include Bitcoin and other crypto currencies at all. Bitcoin stands for freedom, which the Chinese government actively tries to take away from its people. I don't think they're going to open up to Bitcoin knowing that.

It was quite nice not reading much about China in the last year or two, so I hope that this isn't going to be the start of what we went through in 2015/2016 with China dominanting the headlines. Even if the China news isn't actually affecting the price, if enough people believe it does and act to it, the market will move.

That's not true from what I have seen throughout the years. The same members here keep panicking when the price tanks, and celebrate (almost as if they won the lottery) when the price pumps. In most cases when the price pumps you'll see them describe Bitcoin as an unstoppable force and that it will change the world and more bla bla.

This market's movements are so extreme and irrational that it simply isn't possible for most people to get accustomed to the environment here. It's easy when you earn Bitcoin by joining signature campaigns or do some tasks left and right, but for those who actually put their hard earned capital to work, things are very different, no matter how bullish on Bitcoin they are.

Click-bait headline.

I expected to read about "high" fees and whatnot as they were referring to Bitcoin's limitations, but all I read about was how sucky that country's infrastructure itself is.

Very poor journalism. I expect this from CoinIdol, but Coindesk seems to have followed the same path of publishing nonsense just for the sake generating content volume.

The whole bcash gang likes the hashrate of their shitcoin to be low because that allows them to rule every aspect of it with iron fist with very little effort. Before the split of BSV it was somewhat tough to get an upgrade through because they had to deal with nChain and CoinGeek, while today they can change their protocol to their heart's content.

In case of an attack, they just point some of their Bitcoin hashrate to bcash and the threat will be dealt with swiftly. It's a whole different league they operate in, nothing like what we value in Bitcoin.

Why would he? I remember clearly how people here expected bcash to become worthless fast (I was one of them), but it has surprised most of us and still does so today. I'm pretty sure that it will actually go up more as Bitcoin goes up, and that's fine, because despite the hate he's receiving, he's a work horse who's only goal is to make bcash grow, and it works.

We all know what happened to the dozens of other forks, they're worth single digit prices if we exclude BSV. In other words, he can be proud of himself and I genuinely believe that he's confident enough in his shitcoin to believe that it will be the top coin in the next years.

One thing I do like about bcash and BSV is the fact that we can get to see what scaling roadmap is the most successful one.

I legit wish my bank offered me 5% interest annually. The last time it paid me anywhere near 5% was 8 years ago, where I got around ~4% which I was quite happy with. It was more than enough to counter inflation and wealth tax for me, which means that I ended up with ~1% of actual growth a year. Good old times.

Today the interest rate offered to me is a whopping 0.14% annually, and it will probably keep falling as time goes by. I'm just keeping money on my bank account because there just isn't another viable option to go with. I already hold a significant portion of my wealth in Bitcoin, and I hold some Gold, so there isn't much left that I can do here.

The good thing is that my holdings in Bitcoin easily undo the loss in purchasing power of my wealth in fiat, so there is no rush to it for me to change anything.

It's all good for Bitcoin. In all cases forks provide free marketing for the real Bitcoin while their own crappy knockoffs keep struggling to stay afloat.

On top of that, it provides Bitcoiners extra dividends they can trade for the real deal, which is an opportunity that doesn't arise very often. I'm pretty sure most people here who traded their bcash and bgold for Bitcoin early on did extremely well. It's pretty much a +20% dividend calculated over your entire Bitcoin stack that you had before the forks took place.

Good point. That invalidates his claim right away.

That reminds me of how exchanges and other services boasted about how many account registrations they had in the last x number of months. One can register an account on even the most compliant exchange, but without verification the account itself is pretty useless. It's a metric that can be manipulated easily, either unpurposely or purposely.