Bakkt won't dump, but the 'buy the rumor sell the news investors' will, which doesn't really seem to be the case right now because it's already calculated in the price already. In other words, news is sold already.

What we experience right now is normal price activity, which is just as bearish as it has been for the last couple of weeks. If we dip below $9.6k, I expect another touch $9.3-$9.4k touch which is the horizontal support level of the current formation.

I expect a full break any time soon that will bounce up from $8.5 to possibly $9k to continue making lower lows after some sideways consolidation. Bitcoin's chart looks like it wants to make lower lows badly.

He doesn't literally mean clean and dirty coins. It's just a poor choice of words. What he meant is that his "service" will take your tainted coins, and send you "untainted" coins. That's pretty much what he offers if he isn't a scammer.

Another poor choice of OP is to make himself look like he is a fan of Jordan Belfort, a known scammer. This is not helping him to attract any business at all. One must be some kind of a special person to send OP any coins....

Talking about how useless Bitcoin is or that it will go down to zero no longer has any effect as the price has been silencing critics for years now. It actually works against them because of that.

Even the most average person by now must have noticed how the price didn't go to zero, but hovers around levels that Bitcoin wouldn't ever be able to break according to the nocoiner bears. Come up with something new....

On the other hand, no matter how negative news may seem, it still means that Bitcoin is being talked about worldwide, especially when these high level CEOs open their mouth.

Bitcoin will always be used by criminals of all layers. People here often think that cash is mostly used by criminals, but it should be pointed out that a lot of that happens digitally through financial institutions.

One would think that criminals must be sick in the head to launder money digitally, but it happens more frequently than people think. On a larger scale financial institutions even help you do it if the reward outweighs their risks.

Bitcoin is open for anybody to use, even if we don't particularly like those using it. Get over it. The same aspect that empowers criminals to freely use this decentralized money, helps us (non criminals) just as effectively.

That's actually a good point you bring up. If Bitmain has some sense in its business model, they should either re-route their shipments so people aren't taxed unfairly, or they should choose a different country for their warehouse.

Another option is to have a middleman who ships the miners to you after receiving them. It sucks hard to see how this trade war (which is solely a battle between egos) is affecting innocent people and businesses conducting honest business....

You make it look like whales operate under the same umbrella and therefore have the same agenda to follow, but that's not the case. In fact, whales clash with each other just as much as they clash with the smaller fishes.

Wall street banks don't cooperate with each other either, but have their own traders trading. It seems that people here have somehow (incorrectly) agreed that whales are evil manipulators working together to crash or pump the price.

Nothing too surprising. Governments have always tried to figure out who the owner is of what asset, and how much each onwer actually owns. Crypto isn't any different in that regard. OGs have seen it coming years ago already.

It's going to get harder to reach new highs the larger this market becomes, so it wouldn't surprise me if we at one point have a period of 5-10 years between bottoms and highs, similar to how boom and bust cycles work in legacy markets.

I don't think that we're at that stage yet, but after breaking $20k and making higher highs, the process of bottoming out afterwards will be painful and slow, where a new all time high (if ever) will also take a very long time.

That was the whole crypto market cap. Bitcoin itself peaked around $320 billion IIRC. Most of the tokens that helped inflate the total crypto market cap have lost a lot of their value and will most likely never reach their high again.

They're definitely not above the law, to put it like that, but they understand the laws within the borders they operate, and they know that the penalties that are subjected to won't affect their profits at all.

As for people still using that bank, I don't see much of a problem with it. If you dig deep enough, you can fault every single wall street bank and blame them for participating in the same shady activities. They're all on the same level.

What is the alternative for these people? There is none because they need these banks. Bitcoin isn't the solution to this problem because it by far doesn't enjoy enough adoption and its price is still too volatile.

I don't think they have to resort to these practices in order to gain an upper hand in this market. As exchange they can easily front run whale orders and benefit from the slippage to scoop up an easy few percent profit.

That's something they could repeat over and over again for years without anyone even noticing. Kraken might not have dealt with this bug accordingly, but that's not enough for me to consider it shady behavior.

Also, it doesn't even make much sense because you can only pull of a cheat (if it was that which I don't believe is the case) like that once, because another similar occurrence and their reputation as reputable exchange is gone.

I'm pretty sure that we'll see Binance bust it's nr 1 spot eventually, but I can't see it become MtGox 2.0 at all unless CZ and his fellow colleagues plan an exit scam when Binance is no longer the money making machine that it is today.

People can say about CZ whatever they want, but he has turned something people initially didn't believe in into a crypto powerhouse with a native exchange token worth billions. CZ is a mastermind who turns everything he touches into gold.

People act like authorities just recently have started their crack down hunt, but it has been like that for a couple of years now. It's not just a matter of finding their servers, but also to have a solid case built against them.

The latter specifically is what takes authorities so long to actually raid them, even when they already know where the servers are located. In other words, many aspects come into play here.

I am quite an enthusiast of Wasabi but the liquidity isn't always there, which is why I still prefer centralized mixers over anything similar to Wasabi that's available right now. ChipMixer does its job extremely well.

Signals usually appeal to those who tried trading but sucked at it, and that after many attempts. If we keep in mind that ~90% of all traders lose (regardless of what they trade), it's not really a surprise some of them revert to signals.

Based on the very large forex signal groups (100k and onwards followers) that I have seen in the last couple of years, I have to conclude that the demand for their services is going through the roof, so no, they're definitely not out of business.

If even 10% of them pay every week or month for their subscription, that's a lot of money they generate, and that just by releasing a few signals on a daily basis. What a life they must have scooping up money that easily.

That's exactly what they are after. The crypto ecosystem is constantly growing in terms of adoption, so these scams will not run out of newbies to steal from unfortunately, but surf these adoption waves to maximize their profits....

It shouldn't come as a surprise that more scams pop up each time the price goes up a lot, because the price is exactly what most people enter crypto for. These scammers know that and use that momentum in their advantage.

People saying that newbies are too naive and greedy are certainly right, but come on, we've all been at a point where we did stupid things that lead to a loss. Losing money is the most efficient wake-up call there is.

Whales aren't going to keep the price above $9k for ever--they'll run out of confidence and financial resources to support it, just like how sellers ran out of coins to sell between $3-$4k while people were expecting $2k to be hit.

I personally won't buy any satoshi until we dip below $9k, unless the price does what most people don't expect and pump instead, but even then, what I want to see is higher local highs where ~$12k is the first important target.

If so, that's a complete failure then. It has only gotten 4BTC into it so far, and that after almost a whole week of being an available investment tool. If there was any latent institutional demand, they would have jumped in.

To add, no institution is going to invest $40k into something. It's just not worth their time. It probably means that these 4BTC belong to Vaneck itself, probably to kick things off.

At the end of the day, Coinbase's fund (which has been withdrawn rather quickly) has failed too due to a lack of demand. This should have been an indication that institutions are not interested.

I tend to agree. I know that a lot of unbanked people use very costly services where they have to cough up 10% in fees each time they want to pay a bill or send their family some much needed funds.

With Bitcoin, even when you take the relatively higher on-chain fees into consideration, the amount they 'lose' in total fees will likely not surpass the 1% mark, which means they have more money left for food and other necessities.

I would love to help unbanked people locally and explain them how Bitcoin works, but we don't have that here in Western Europe. The banking system here is pretty advanced with little to no exclusions.

I don't think theymos has a few spare millions to blow on a domain. It's more likely that it would be bought by Jack, Twitter and Square CEO, or maybe Tim Draper if he feels it can help him business-wise.

It's a great domain for sure, but the thing is that not many people can put that domain to work in an efficient and profitable way. Roger has shown how to turn it into a money making machine and symbol of power.

Roger has enough BTC left he can dump to finance his businesses. He would do everything to not sell it. At the end of the day, just keeping that domain will only cost him $10 a year. Not a big deal.

The choice in this case should be a no-brainer, because in Bitcoin's history it has only unprofitable to hold for an extremely short period of time, while trading generally yields a loss when it comes to average joes.

As Warren Buffett says: the stock market is a device to transfer wealth from the impatient to the patient. I completely agree with that. Get rich quick noobs continue to burn themselves trying to make a quick buck. So stupid.

People should think about it, what has given you similar returns before Bitcoin's existence? People were happy with 5-10% annual gains. Today they are so spoiled that even 100% gains are almost considered low...

This alone is already pointing out how flawed Tether is. They started by claiming that EVERY token is backed by the fiat currency it is pegged to, and now they changed their terms to make it appear that they never claimed to do.

That doesn't work here. It would require you to roll back the Bitcoin blockchain.... Good luck with that. Tether also can't freeze or reverse your transactions. In other words, tokens that are stolen are stolen for ever.

What you can do is blacklist the address of the hacker and hope the rest of the ecosystem follows that, but even this measure hasn't always been effective looking back at how hackers have successfully spent or sold their coins.

That makes sense because it's a whole new industry they are trying to penetrate. It's an easy yet effective way to increase revenue and profit streams by getting their hands on a first mover advantage.

The bigger the whole crypto ecosystem grows, the more likely it is that these players will jump on the bandwagon and acquire startups left and right because it's a joke how little you need to gain long term exposure to this industry.

At the end of the day, this is what people years ago have been dreaming about. Institutions are getting in. They will however reshape this industry the more grip they get on it, so we'll have to see how this industry looks in the future.