No matter how tempting the higher price is, if you really believe in the full potential of Bitcoin, you'll keep holding your coins no matter what. If you are tempted to cash out anyway, then it should be done in smaller fractions. Especially when the market is going totally nuts as has been the case lately. People cash out at $1700, and the price goes up. People cash out at $2000, and the price goes up, etc. If you sell in smaller fractions, you will be able to benefit from the constantly higher price. If you cash out everything at once, and the price goes up, tell me, how will you feel.

That's typically CCN - rehashing what we already know. Either way, I am surprised how the price has gone up in the last weeks. If you at the beginning of this year (price was around $900) would have told me that we would break through $2500 before the end of Q2, I would advice you to seek for mental help. It once again shows how unpredictable Bitcoin is. Other than that, I don't like how people abuse the term bubble. The price was just overbought, that's it. If you want to talk about bubbles, I advice anyone to look at Ethereum and Ripple. That's a damn bubble.

It was a correction that came just on time. In order to realize further growth, weak hands must be wiped off the table (I know it sounds harsh). It's essential that these coins flow into stronger hands, because the earlier this becomes reality, the more chances we have to realize a more sustainable form of growth. Don't forget that in current times there are plenty of so called yolo buyers - they buy at whatever higher levels just hoping that the price will continue to increase. Corrections are win win happenings for whales. Not only do they unload their 'expensive' coins, but their dumps also initiate a chain reaction of panic sellers selling like there is no tomorrow. In a short period of time, whales end up with more coins and funds after the correction, than before the correction.

Bump.

If it according to you is the ideal platform to catch scammers, then explain how a fairly large number of people still got cheated on? It has been utterly easy to create fake accounts and to walk them through the poor level of btcjam's verification steps. If one account gets banned, then another one will pop up - piece of cake.

Point is that not everything happens through exchanges. I am fairly sure that insanely large trades happen off exchange. Main reason for that is that people want to remain low profile, but also not to affect the markets, as even till this day, markets have very poor liquidity. In the same way that whales can't comfortably unload a huge load of coins without dumping the market down too much, they can't buy a huge load of coins without pumping the price too much. That's also why the FBI auctions have turned out to be rather popular. It was a perfect opportunity to obtain large number of coins at a fixed market rate.

I think it's pretty safe to say that the 80S/B fee ratio is history. Segwit will make sure that it's more cost intensive for entities to continue spamming the network, but overall, not much will change. If you look at the intensity of the spam attack, and mainly how it has gone up like mad, then it's obvious that there is room for even more spam from the spammer's side. Another thing is that pools will more and more depend on income through fees as block halvings go by. If you want cost efficient transactions, that happen to be super fast as well, then it's necessary to focus on Lightning Network.

That's indeed something that should be praised, but this service has turned into a scammers hole (from the user side), which obviously is very bad publicity. Especially if you also take into account that they (btcjam) could have done a better job when it comes to exterminating scammers, and preventing further abuse of their platform. In many cases they have been too lenient in that regard.

How is that funny? It may not be a huge deal of support from my side, but at least it's something, and I am happy to contribute. It's obvious to you how many nodes are hosted at data centers, and likely owned by a handful of entities, right?

I am sure that more people are signing up at various exchanges, but the more action there is on the market, the more people will be going nuts on the refresh button. If enough people within a very short period of time repeatedly hit refresh, the site will temporarily go down. Don't forget that exchanges have plenty of alts listed - people want to follow everything at the same time. Either way, this would be considered a 'normal' happening on mediocre exchanges, but not on a large and important service as that from Coinbase.

I am ready for anything that will help push Bitcoin forward. I am currently running 4 Core nodes (will probably add 4 more in the coming weeks) to contribute towards a safer and more decentralized network. Most people here are sick and tired of the barbaric torture that comes from the miners. It's not only that they prevent Segwit from activating, but also that they alongside other entities, are responsible for the insane fees that people are struggling with. They are choking the network with constantly higher numbers of garbage transactions...

Seriously, are you trying to sell yourself as a cheap (or should I say cheep) copy of kwukduck? It's not working... I have followed basically everything you have been coming up with in terms of predictions, and exactly as is the case with kwukduck, you are far off each time. The price rockets up in a very short time, and now the price takes a few steps back, it's completely normal. A correction from this level was imminent for some time, and here it finally is. It's great in the way that coins from weak handed gamblers flow into stronger hands. If the price happens to conintue rushing up, it will face less problems now. It was a fart that needed to find a way out, and it did.

Kwukduck is trolling everyone here - he acts like an ultra bear, while in reality he is ultra bullish. In fact, this dude is riding the waves and increasing his stash whilst making fun of others (mostly newbies). In most cases it's annoying to read through all his trollish garbage, but you have to look through all that. In some cases, and that's mostly scaling related, he does have a point -> we need to scale as soon as possible. We need to break through the firm grip that miners have in current circumstances, and force through a fork ourself in form of a user activated soft fork (also known as UASF).

It's called an opposite pump!

It's funny how people are going full panic mode now the price is going down heavily. Is it really that hard to understand? Something that goes up HARD in a very short period of time, may as easily come down HARD, and that's exactly what is happening right now. Traders are celebrating, while the yolo gamblers a.k.a peak buyers are now suffering as they likely sold in panic. What a contrast...

It's a bit of an exaggeration, but I do happen to agree that Bitcoin needs to scale first in order to justify seeing its price break through whatever higher levels. But the thing is that you should point your finger to the miners involved in not allowing Bitcoin to scale. In several of your posts you keep mentioning the community and bla bla, but the community has barely any influence in this matter (they will at the time UASF becomes reality). Other than that, I don't understand why you keep mentioning that Bitcoin doesn't offer any privacy features. Bitcoin has never had any of these features, and it was not meant to have them in the future. Bitcoin's transparency is what people like about it. If you so badly need privacy for whatever reason, then use a Bitcoin mixer, or head over to certain altcoins that allow you to enjoy these features.

Asia is definitely contributing, but not to the extent of it being a bubble. In order to legitimately call it a bubble, it would have needed to break through $3000 and continue to move upwards - but at this point the market took a nose dive towards the South. I am happy that the market has gone down again as these shake-outs are needed to make coins from weak handed people flow into stronger hands. If I look completely unbiased at the markets, I would say that a price of $1500-$1700 would be a 'fair' bottom price. After that the demand will keep pushing the price forwards, but this time I hope in a slower but more sustainable way. Peaks don't last, and it once again got perfectly demonstrated.

Please, not this again. I have said it before, and I'll say it again - this comparison is absolutely nonsense. How can you compare a tiny fraction of a whole unit of Gold, with a whole unit as 1BTC? It makes no sense. If you want to fairly compare things, then you have to compare one troy ounce of Gold (31.1GR) with 0.0311BTC. Obviously, if you look at things from this perspective, there is nothing to compare at all - it's $1266 for Gold versus $62 for Bitcoin.

Could be, but only if the price happens to confidently dive under the $2000 level. If we happen to settle above the $2000 level, we'll likely remain moving within a wide range that could be $2000 to $2500 in the coming weeks. I know for sure, if the price does happen to dive as low as you pointed out, I'll be happily buying back the coins I sold far above current levels. That's what I consider to be smart action planning.

If you compare Gold's profitablity directly with Bitcoin's profitability, then obviously Gold is no match for Bitcoin. But the thing is that Gold isn't only being used as investment tool. Most traditional investors that try to hedge stocks, bonds, oil, real estate, etc, take large positions into Gold as some sort of a safe haven. Profits in this case aren't really that important, as long as the value remains relatively stable throughout the years, and that's what Gold is doing very well.

As I am a trader myself, I must admit that in some cases it's quite difficult to follow my initital plan (based on analysis) at the time my feelings tell me to do the otherwise. Important is that you stick to your plan no matter what your feelings 'tell' you to do. This is where proper traders get seperated from those that aren't strong enough. Seriously, feelings/emotions are a horrible guide.

As I said, feelings/emotions are a horrible guide. It's basically the same as gambling since luck is the only thing you then depend on. So yes, in some cases it might result in you making profits, but at the same time, it can result in you losing out. It's not worth the risk, and you don't learn anything...