At the end of the day, we can't exactly blame banks for being in panic when something like Bitcoin is taking over rapidly. Imagine how things are when you are selling something that people can only buy from you, and suddenly someone else has a far better product to offer, and that for a fraction of the price - you would definitely start sweating. Before Bitcoin, banks were likely thinking to continue their central position in the world economy for plenty of more decades, but that has officially come to an end with Bitcoin. If it was up to the banks, we would likely start to see them roll out free and instant world wide transactions somewhere in 2025-2030, if ever. Bitcoin is pushing things forward, and forces banks and other financial institutions to evolve faster than ever before.

Media rides that what is popular. I remember having seen an article from CNBC I believe, not exactly sure on that, but it was pointing at Ethereum that it wouldn't take long to replace Bitcoin as being the most valuable crypto asset in terms of its market cap (yep, that's pure market cap noobishness). That was when Ethereum was increasing in value and reached its all time high peak - looking back now at all the media sources, there is nothing they have to say about this anymore. It's like they just have never said it and try to bury these articles deeply under another load of worthless articles.

That's the hard reality that unfortunately doesn't seem to get any credits by the majority of the empty headed chickens here.

People for some reason discard, or don't know (nut sure what's worse) that if they sign up to a certain service/exchange, they agree to all its terms. If you do even one thing that doesn't fit in the regulations the exchange/service is strictly abiding by, you have a problem. Coinbase is well known for being an ultra strict business, and still people are not taking it any serious. It's insane seeing people do something they (if they read through their TOS) would know that it would have certain consequences, but still do it and think they remain holding the right to put the blame on Coinbase. With people being so reckless/careless, it shouldn't come as a surprise that scammers have a very high chance of succeeding on this forum.

If we happen to go through the $5000 level again this year, it will likely be after the hard fork event in November. Everything with even a potential negative tint to it has the ability to take the market down significantly. Everything that happens in this market gets greatly exaggerated - if the market should correct itself with like 10% to remain fair, it tanks with 30-40%, if the market should just adjust itself up slightly, it goes up with 30-40%. This hard fork will trigger another round of fud, shilling, trolling, etc, just like we experienced with the 1st of august that people went nuts over, but this time it will be worse than that. We shouldn't discard the fact that there has been a miner agreement involving the 2MB hard fork.

Being firm with your goal to hold your coins for the long term is a great thing, but you should always have fiat aside that you can use to buy with in case the price tanks far below the $2000 level. I never see a dump as something negative, because at the end of the day, it's a great opportunity to increase your holdings at lower levels, plus you can lower your average buying price this way. Glady for you, this 'ship' will not sink, but keep rushing further throughout the years. Bitcoin is a way to beat the governmental and banking system, allows people to enjoy financial freedom, functions as store value, 24/7 global remittance tool, etc - even the average joe's will at some point understand this.

I understand that it is a trial, but I at least hope that they give it enough time to properly sink in. At first it might not look like there will be much usage of Bitcoin as payment option, but it will definitely pick up after a certain period of time. Even till this day, the far majority of the people look at Bitcoin as being an investment option rather than a currency to pay with. The African continent is a market with a massive amount of potential growth, but unfortunately, it isn't always being seen as such due to people pointing their focus on the Chinese market. I for once want to see people discard China and look at the bigger picture. Asia has two massive upcoming countries (Japan and South Korea) that are heavily contributing towards the current level of growth that we experience, and people still focus on China that doesn't contribute anything anymore - China is only causing problems.

For me and a lot of other holders it's nothing special - we don't let ourself get distracted from our end goal. Dump fests like we experienced in the last days shouldn't be seen as a negative event - it's an opportunity. If we look at how the market has gone up this year, it only makes sense to experience a decent sized correction, and the moment it would kick in was either at the time of reaching the $4000 level, or the $5000 level. It turned out to be the latter mentioned, and those who sold at near peak levels have made use of this correction to buy back their coins with a proper ~$1500 discount. I can understand that for newer people things are a bit different, but please, people should use common sense. If they seriously believe that this would harm Bitcoin and its market, they are involved in something they don't know anything about.

I personally am not even interested in Bitocin being a 'legitimate' currency, because at the end of the day, when it comes to how I spend my money locally, Bitcoin isn't offering me a better form of convenience and usability than fiat is doing, and for that reason it doesn't make any sense for me to use it as such. I can walk into any store and pay instantly and without any fees, plus I enjoy buyers protection and insurance of goods through my bank. What incentive is there for me to use Bitcoin, or basically any other crypto currency in local situations? None.

Holding Bitcoin has always been a success, and for that reason it doesn't depend on the market to bounce back. Even if it kept dropping further to levels deep below the $3000 level, things would still be the same. At this point we still have the hard fork event in November to walk ourself through, so I wouldn't get all that optimistic just because the price is recovering from its sub $3000 bottom. It took us what, four days to recover from the massive wave of panic selling? I am quite sure that the people having sold in panic at near bottom levels have either bought back their coins at a premium, or will do so at a later point, because that's always how things go here. Buying high and selling low is a proper form of capital destruction.

I doubt that the far majority of the people here can justify spending a large premium on whatever crypto collectible. At the end of the day it's all about mental stability, being a firm holder, not being in a position where you are short of money - if you can check these boxes, then you'll easily hold through whatever pump or dump. There are enough examples of how people couldn't resist it (whatever their reason might have been at that time), and thus started to peel their physical coins to liquidate them.

Only an utter idiot leaves his value on an exchange for long term holding purposes. Ultimately, there is nothing wrong with trading, but people should divide their holdings into two parts - X percentage for holding purposes, and X percentage that you can use to trade with. That way you can trade the volatility of this market, but without exposing the coins you hold for the long term to the risks that are tied to trading. It's just a matter of logical thinking.

At this point there is nothing indicating that people will be getting a voucher as result of there not being any chips available at a certain time. I understand that people will likely end up not depositing coins if the site state that the chip pool is empty, but if one thing is very clear, it is that people will feel uncomfortable when their deposit is 'stuck' and there is no way to get it out. If I read through the FAQ, there can be found a (what are vouchers) headline, but when you read through everything, there is nothing that explains that a voucher is also a tool that is handed to people at the time there aren't any chips available, and that they will be refilled asap. It will give people a piece of mind in the end if this information is included in the FAQ, and will prevent them from popping up in this thread asking why they are getting a voucher.

Only people with small amounts are likely to cash out their tokens at current lower levels. If it's thousands of dollars that you will be gaining by just having patience, you'll see that these people will patiently wait for their time to come. I strongly believe that the token market is heavily being bought up by BTC-E in order to not pay out in full eventually. At some point when they bought up the far majority of all the tokens in existence at far lower levels, they will happily act like they are keeping their word by buying back the remaining tokens. It's a 'game' that you should look through, and not let yourself get distracted from your end goal. The only thing people depend on, as you also pointed out, is that they remain operational.

People going all in with their funds are exposing themselves to an incredible level of risk. I always advice people to buy with smaller fractions of their capital per time. If you for example have $10,000 as capital balance, and you look to buy at the $4000 level and go all in at that level, you will have no funds left to benefit from the market to go down even lower. In order to prevent this from happening, you should use MAX 10-15% of your capital to buy at the $4000 level. If the price happens to tank even further, you can choose to buy another batch of coins at $3500, and then at $3000, etc. If you play it well, you ultimately can buy the price down till the bottom, and even then you should have enough capital left to use. It's common sense stuff, but people for some reason completely ignore it.

I think there is an important difference between employees or the operator himself is using BTC-E as central point when it comes to stolen coins, and when a simple customer is using stolen coins to trade with. In the latter case it shouldn't affect BTC-E at all. If the allegations of BTC-E are legitimate, and that exchange has indeed been used to launder the coins coming from the MtGox theft, it's safe to say that all users having withdrawn coins in the last years, have had these dirty coins in their wallets. In that regard, the users themselves might end up having a problem too at some point. That's why I am glad that each time I send coins to my cold wallets, no matter the amount, I always run them through a mixer first.

People stare themselves blind at how everything is going with the market right now, while they completely ignore the fact that the market had to correct. At the end of the day, whether it's China forcing the price down, CEO's working for a criminal bank calling Bitcoin a fraud, or the blind chickens here panic selling like there is no tomorrow - the price was destined to tank after the near $5000 peak. Instead of people complaining and moaning, they are better off using these discount levels to increase their holdings on the way down. Talk is cheap, actions aren't.

Banks became obsolete at the moment the Bitcoin network came to life. It's funny how there is a massive difference between the traditional older banks, and the smaller banks that are looking to innovate, and essentially are quite bullish on Bitcoin, and then mainly its blockchain. Instead of going full against Bitcoin, they could easily incorporate it into their banking structure which would allow them to grow alongside Bitcoin, but unfortunately, they choose to go the other way. Banks are like Nokia back in the days, if you aren't willing to change and adopt new technology, you'll eventually pay the price for it. And if we dig deeper into who exactly is going to pay for it, then it's always the end user/tax payer - disgusting bastards these banks.

I am quite certain that BTC-E, or better said, WEX, has done enough research to ensure their exchange to fall 'outside' interference zone of the USA - that at the end of the day is their main concern. It's obviously visible that they are trying to distance themselves from BTC-E in as many ways as possible, from which according to them, the "fact" that they managed to relaunch without any funds from BTC-E, is a very important aspect. Essentially, people will completely forget about what happened when we are a month or two away from now. This is always how things go - Bitfinex is the perfect example of how willing people are to forgive whatever exchange for its deeds.

I seriously wouldn't be surprised to see if these two exchanges end up being granted an 'exclusive' license to remain operating as they have been doing previously. I am not sure what it is, but it's not for nothing that there are heavy speculations about these exchanges to function as governmental filter tool. In other words, the government will know exactly who or what is trading, has what hight of holdings, etc. It's an effective way of tracking/monitoring what is happening in the crypto market - this is something the government would lose if they happen to force all exchanges to shut down entirely. We'll see how things play out, but not everything is what they want to make you initially believe, that's for sure.

China as in the Chinese government is doing what they consider to be the best for themselves, and not for their people. Chinese government has been utterly paranoid when it comes to every tool and asset allowing people to get their wealth to exit the Chinese borders - Bitcoin and crypto in general is their worst nightmare in that aspect. People there enjoy zero freedom to choose for themselves what to do or to use, and that's a damn shame. Bitcoin gave them this freedom, but yet we see how their government steps in and tries to hammer down on Bitcoin.

This is it. Banks didn't take Bitcoin seriously initially, but now it's growing larger and larger, they more and more feel the need to start doing something to discourage Bitcoin usage. JPM's CEO has started this, and soon all muppets working for that criminal bank will do the same - current article is an example of that. It's beyond insane how a bank as JPM dares to call something as Bitcoin a fraud, while they themselves are one of the biggest fraudsters on this planet. Bitcoin doesn't differentiate - even when there is a point where these banksters have to admit defeat, they will be able to make use of Bitcoin to not fall back entirely. I can't wait for the day where people start dumping their worthless fiat savings into Bitcoin as store of value. Banks will be left with massive loads of their mass print garbage, while the people finally get to make use of something that is designed to not depreciate in value.

As we speak, there is just 4.43M BTC left to be minted. If we calculate how many coins will be minted from now till the block halving, which is 1.8M BTC, then there will be just 2.5M BTC left in 2020 at the moment the halving kicks in. Only an utter fool will disregard this. The is only one way for this market, and that is up.