US stocks are going through the biggest bull run mankind has ever witnessed. No other asset but Bitcoin has performed better than stocks in the last decade.

If you held any traditional safe haven asset to counter inflation instead of US stocks or Bitcoin, you have done a very poor job.

A lot of Gold supply has been taken out of circulation this year because ETF's need to stock up on physical Gold to maintain their 1:1 backing. The demand for Gold ETF's has gone through the roof and there doesn't seem to be an end in sight. I'm pretty sure that as we speak, more Gold is being bought up than there is fresh Gold being mined. In other words, there is a shortage of physical Gold.

It's only a matter of time.

The banking system in europe is rotten to its core. A few weak but extremely large banks (Deutsche Bank is a perfect example) are capable of dragging the euro down to new lows. All it takes is one blip in the economy and these banks will implode with catastrophic consequences for pretty much the whole world.

Deutsche Bank's stock price keeps marking lower lows. It's currently €1.18 away from its all time low it marked in August of this year. This chart looks identical to a chart of a failed token project that's down by more than 90%.

What exactly do you mean with you can't get paid? You aren't getting any commission credited or you can't cash out what you have earned thus far?

Perhaps they introduced new term changes (changes they don't notify you about) that affect your account.


It's a long read but might be of help; https://www.coinmama.com/affiliate-terms

It's clear that Yobit doesn't care. In fact, I believe that they are purposely accepting hundreds of users to transform this forum into a cesspool of spammers.

No signature campaign needs hundreds of users to be posting in every section/thread of this forum. I am wondering how they even pay them as the cost of maintaining the campaign runs extremely high. It's not that Yobit has been generating so much profit that they can easily afford it. At one point a large group of users will probably end up without pay because Yobit decides that it was enough.

This is what gets me excited!

The importance of this shouldn't be underestimated because it usually only takes one large entity to set the first step where the rest follows. Another important aspect is that it reduces the number of shorts as 1) BitPay & Co don't have to short Bitcoin to hedge a loss in value, and 2) there is less spot selling pressure when they do end up liquidating their coins.

In the end, this is what Bitcoin is for, to be accepted and spent without any intermediaries.

TA has always been useful in Bitcoin, and more so in the more recent years with institutional presence increasing.

The bad news you are talking about isn't really doing anything to the price, it just gives large parties a reason to drive the price down faster, because prior to the news the market was in most cases already trending down. In that regard, they are doing people a favor by speeding up the bottoming process.  

I truly find news the most unattractive/bogus "indicator". The handful of times news does actually make the price move spontaneously isn't a problem either, traders reassess the market structure and move on from there.

I keep seeing people say that, but most of them don't understand that even when they bought at what we consider very low levels today, they would have sold their coins 10-20-30% higher to secure profits. The Bitcoiners who held their coins to where we are today did so not to profit, but because they are convinced of Bitcoin's properties as decentralized money.

In the end, hindsight talk is cheap talk, what matters is that you know what the value of Bitcoin is today and that you should hold your coins firmly, otherwise you'll end up asking yourself 'maybe if should have bought more Bitcoin' once again. Bitcoin won't be a sub $10,000 coin for ever. Utilize this opportunity to hoard more.

It's important to note that these games aren't just watched by the few people actually attending them, but also hundreds of thousands of gamblers who bet on a faul, goal, result, etc because these games are streamed worldwide by quite a few of the largest gambling sites. In other words, it's actually quite an effective form of marketing for Bitcoin.

Perhaps it will help sites like bet365 and bwin to accept Bitcoin if enough users ask for it. The importance of this marketing can't be stressed enough.

https://blockchair.com/bitcoin/blocks
https://blockchair.com/bitcoin/nodes
https://blockchair.com/bitcoin/charts/

I absolutely love that site. It provides so many useful metrics to browse through, that it will keep you entertained for hours non-stop.

You read a few too many of these quantum hype articles. It actually surprised me how hard it picked up in the more recent weeks. I really thought that people would just shake it off and move on but it has gotten in people's head, exactly what news outlets and those sponsoring them want. 

South Korean are top wash trading exchanges. I think it's damn safe to say that the lion share of these wash trading exchanges going down is a good thing for the ecosystem. Another aspect making these South Korean exchanges suck hard is that some exotic shitcoins generate 100x more volume than Bitcoin....... Good riddance!

It might even bring Bitcoin closer to an ETF with how wash trading on overseas exchanges is a heavy weighing concern for the SEC, and I can totally understand them here.

Something they should have done years ago already because these problems aren't new to them. It was only a matter of time before the bomb would explode the way it did in recent times, and they can only blame themselves for not having taken any precautions sooner.

I really hope that they will keep hoarding Bitcoin and not unload it when the situation there calms down, because there is enough empirical evidence that nothing will change and the same will happen over and over again. Too bad common joes are easily convinced that the situation this time will be different. This is how they burn themselves time on time again. 

This is THE time to hoard Bitcoin because it won't take long before China will find a way to subject HK to such strict financial rules, that people won't even be able to move a penny out of the country or to any entity they deem to be a potential threat.

Overtook/overtake is a poor choice of words. XRP did surpass Bitcoin in market capitalization twice some time ago, but only when you calculate its value against the 100 billion XRP tokens in circulation, and not the 35 billion a lot of index sites use. This is the prime example of how tokens try to look bigger than they actually are.

This whole crypto market is a crock of shit with how people only pay attention to fake volumes and fake market caps. Try to dump $5 million worth of XRP on any liquid exchange. You'll manage to vanish 15-20% of its market cap if bots and algos on other exchanges follow through.

It doesn't really put the dollar at risk. If we're looking at the DXY chart, it shows an increase in strength, not a decrease. I expect it to keep doing well as there is no doubt about the fact that it is the most in demand fiat currency in the world. Any fiat currency gaining against the us dollar should be used to stock up on more us dollars.

I have converted most of my euros to us dollars years ago already. If I didn't do that I would have lost out on a lot of purchasing power. I don't rule out the possibility of seeing the euro sink under the $1 mark at some point of the future, which is why I have more us dollar exposure than euro exposure.

I don't think we'll ever get to witness bigger rallies or bull runs than what we had in the past already per cycle. Nowadays there is too much economical mass to move at once in order to replicate the 2013 or 2017 bull run.

If we look at the all time chart and work with 1 year candles, it becomes clear that we haven't ever really seen much of a correction. It shows that we have been in a crazy ass bull market for a decade. I expect that chart to stay as pretty as it is today until we peak out at a price in the higher few hundred thousand area.

A very realistic scenario is that we won't see a bull run in the runup to the block halving, but a slow uptrend that will push the price back over the $10,000 level. Too many people are focused on a bull run before the block halving, which tickles my contrarian senses as an indication that it won't happen.

I honestly don't believe most people saying that actually mean what they say. It's just said to go with the herd because it generally isn't appreciated by the herd to say that we're due for a dump or that we won't see x or y level before the end of the year. Just to be part of the herd and score cheap points they just kiss each other's bums.

Bitcoin's true main resistance points in my opinion are its current all time high and the $55,000 level as that would yield Bitcoin a $1 trillion market cap.

$200,000 will happen eventually if there is still enough demand, but when it hits that level, the demand for an asset so scarce as Bitcoin will propel its value well beyond $200,000.

I never liked RSI for the simple reason that it can indicate a bias towards a certain direction without actually leading to a move.

For every reason people think we might be due for a move up, I can think of twice as many reasons for the price to be due for a correction. Patience is key here. People believed that the $10,000 level was a level we wouldn't really dip under anymore with how "strong" the support was, and the same happens with the $8000 level already.

I follow a simple rule called; the trend is your friend. It's clear that the trend has turned against the bulls and those who go against the trend will be left with a bad taste in their mouth. I really wish I was this rational last year.......

That's not fair. If you're expecting governments to be open minded enough to tolerate Bitcoin, then why don't you do the same and allow other entities to create their own money? People blame governments for not tolerating anything other than their own currency, but a lot people here do the same. In a free market money should be able to compete.

Governments force you to use their hot air fiat currencies, and alternatives such as Bitcoin and Libra counter that. It provides a welcome bit of choice in the type of money you can use. Facebook doesn't force you to use Libra. Bitcoin doesn't force you to use Bitcoin. It's you who makes the decision to use one or the other, or both.

There is no such a thing as an undervalued or overvalued Bitcoin.

Bitcoin doesn't have to increase any further even though it usually does so before a block halving. Markets don't have to repeat the exact same pattern over and over. Bitcoin is designed to handle lower miner profitability by adjusting its difficulty lower, which we have seen Bitcoin do last year despite all the fud articles about a death spiral.

Another retest of the $7770 level and I'm sure that we're heading towards $7000 (give or take $200) which I consider the first potential bottom area. It's never a good thing to keep ramming on the same support level over and over so don't be surprised to see another ~15% drop this month from current levels.

There have been various scaling proposals made, but the most dominant one is layer two scaling, which is something you have not been a fan of based on your previous posts.

I'm pretty sure that it will be able to scale through layer two eventually, just like how Bitcoin is already scaling onwards through layer two. It's obviously not as safe as using the main chain, but you can't keep cluttering the main chain with data endlessly. Ethereum's full blockchain size is already in the 1.3TB range. That's enough incentive to not stress the main network further.

They liquidated $1 billion worth of Ether just to strenghten their financial position. That money has to be spent 'wisely'. 

Not sure what BCash has to do with this? It would do more harm than good to the value with how shit it performed since it came into existence.

Interestingly, the traffic of the .com domain isn't doing that much better than the .org domain;

https://www.alexa.com/siteinfo/bitcoin.com (Alexa rank 9,913 and declining)
https://www.alexa.com/siteinfo/bitcoin.org (Alexa rank 11,653 and improving)

With some more effort, the .org site could do the same thing as the .com is doing and overtake it.