Then you're not aware of how low the average IQ here on this forum is. Even legendary members of this forum have opted for Bitcoin to increase its coin cap as 21M coins isn't enough for mass usagage, according to them. There is no need for people to know everything from the deeper technical side, but at least know the basics - that's not too much to ask for, right? Main reason for that is probably that they only care about the price, where they completely ignore every aspect of Bitcoin as technology.

Current price is overbought, that's for sure. Natural growth takes a reasonable amount of time to reflect in the price, and currently, you can't really talk about natural growth. It's pure speculation and a few other factors that might play an important role. It might be that certain market movers and other traders take positions into Bitcoin because of the ETF review this month that they highly value. It might be Bitfinex traders desperately buying BTC at all cost to cash out their funds.

What a nonsense. People holding their coins play a very important role as they greatly contribute towards the current price. People holding means that their coins are off the market, and thus there are less tradable coins available on exchanges. In current times, it results in the price to go up as the demand increases, where the availability of coins is decreasing as more people are willing to hold their coins. See anyone complaining about current price?

Merchants don't embrace Bitcoin. They embrace third party payment processors that do everything for them.

Again, more people holding results in a higher eventual price. Just to note, regardless of the price, people will continue to use Bitcoin. Usage is more than only people spending their coins in online stores...

Not everyone is aware of Bitcoin's divisibility. They know that they can send like 0.1BTC, but they purely look at it as being one tenth of a coin. I quite often see people state that Bitcoin's fixed 21M coin cap will be a problem when a larger portion of the world will start using Bitcoin on a massive scale. They completely ignore (due to the lack of knowledge) that Bitcoin is easily divisible in plenty of smaller chunks/units. It's a basic thing that everyone should know, but obviously, that's not the case.

Roger Ver has been offered to trade his Bitcoins for BU coins at the time a hard fork has been initiated, but of course, he never responded - which is more or less the same as simply saying no. In that regard, it's safe to assume that he will never sell his Bitcoins. Mainly because of the fact that his wealth (according to various articles, it is in the range of a few hundred thousand BTC) is exactly that what gives him his power.

Correct, but as long as he accounts for a large percentage of the total network, he will remain an important factor in the whole picture. Him and Ver combined makes a very powerful duo. In that regard, even with SW and LN activated, they will remain forming a massive obstable.

Calm down! Yes, the price goes up in a rapid pace, but at some point the train will run out of steam, and the price will come down to more appropriate levels as result. It's pure panic buying that is happening right now. People will jump on board regardless of the price, just to own themselves a few coins and benefit from a potential further increase. In that regard, the price may very well go up higher from this point, but surely not enough to touch the $2000 level this month. I don't even think it will happen next month.

It doesn't make any sense to discard Ethereum - even not for example purposes. It's there, and it accounts for a more than decent part of the total crypto market cap. Obviously, it has turned out to be a massively rewarding investment if you jumped on board on time, but I feel seriously bad for people entering Ethereum at current prices. It can't and won't go up endlessly. It's a coin from which the far majority of the circulating coins are in the hands of a very few entities, collaborating with each other. Of course, as long as the price goes up, people won't care, but at some point these people will get burned HARD.

Bitcoin Unlimited will likely end up drying out, but the problem isn't exactly the proposed alternative sides, but more the people behind them. Poisenous, but at the same time quite influential individuals such as Roger Ver and Jihan Wu will not just drop their hidden agendas. If Bitcoin Unlimited isn't it, then they will come up with something else. Especially when you consider that they have no problems with holding Bitcoin's growth back to nurse their own ego and toxic ideology.

Never say never. It's Bitcoin that we're talking about after all. But the chances of going back to sub $1000 levels are slimming down more and more. It won't take long before we see a correction take place - it simply can't go up endlessly. My prediction when things cool down is that we'll more or less settle around the $1200 level for a while. Imagine how people must feel that have liquidated their coins around $1000 as they were afraid of a potential hard fork.

It all depends. People tend to take Bitcoin's 'anonymous' nature a bit too serious. Nowadays, most exchanges require their users to fully verify themselves in order to keep using that exchange, where some exchanges even tend to freeze all your funds till you have done so. Every coin you withdraw from such exchange will have your information tied to it, and from there the exchange can basically follow everything you do. It might not sound like it is a big problem at first glance, but it will be when governments force exchanges to hand them over all user details. Everything at that point can, and will be used against you. Especially if becomes clear that you haven't been paying any tax, that you have spent your coins on illegal goods, etc. That's why I always advice people that if they happen to withdraw coins from an exchange, to run them through a mixer. It of course won't guarantee you 100% privacy, but it greatly contributes towards something close to that.

It's because the majority of the people only care about the value in USD as they will cash out their coins at some point. I am fairly sure that these people account for +95% of the total userbase of Bitcoin. I can't really blame them for that as they treat Bitcoin as an investment tool with the intention of seeing their fiat wealth increase eventually. Everything you do with Bitcoin gets directly tied to the value in USD - how will you convince people to not think like that?

It surely helps, but even the best antivirus and malware software won't be sufficient enough to keep all threats out of your system. In order to prevent your cold wallet coins from being exposed to these dangers, you should have the private keys engraved on a metal bar. Private keys should never be stored on your hard drive, or even worse, in cloud storage. As long as you do that, your coins will be completely safe. However, problem is that the majority of the people create their private keys on *potentially* compromised systems. No matter how much security steps you walk through after that, the one moment where your private keys were unprotected are enough to grant someone else long life access to your coins.

If you are paranoid when it comes to the security of your coins, and no, that's not weird, take a look at https://bitkey.io/ it's free to use.

To a certain extent that might be true, but we can't just assume that the market will continue to go up without experiencing some pull backs. If speculators get the impression that the momentum is slowly fading away, then they won't hesitate to cash out a large portion of their profits, resulting in a correction. Honestly, I don't think we are very far away from reaching that point. I say the top for now will be $1400 to MAX $1450, where after that a correction will happen. I use Bitstamp as reference exchange.

I wouldn't take this too seriously. In a mild form, this is basically going to be the same as what has been happening in Russia. One day Bitcoin is great and everything, where in the next month or two they plan to heavily restrict Bitcoin. People will use Bitcoin regardless of what regulations are being put in place. Bitcoin's decentralized nature allows people to operate and transact outside the banking and governmental system. I personally don't give a single damn about whatever regulations governments put in place. I am not paying (and not going to do so in the future) tax over my coins. I am not reporting any of my holdings, even though I don't directly need to pay tax, etc. I am the boss over my wealth in Bitcoin - no one can tell me what to do.

In most cases it are the faucet farmers that are being the loudest when it comes to complaining about the fees. In order to generate a dozen K's of satoshi's, they probably spend a whole day farming their way through every possible faucet. In order to use their 'dust' they have to include a fee that is double or even tripple in amount, just to move these coins. It's actually very simple, complaining doesn't work, which directly pops up three options for people - 1) to include proper fees according to the network situation. 2) to remain stingy where you have to swallow all the hours of waiting time. 3) choose another coin for sending and receiving transactions. Just QUIT complaining!!

Read properly! Did I say it wouldn't have a positive effect on the price? Or that the ETF is no good? I was just stating what others are saying. I have always been a fan and a supporter of an ETF as this will allow institutional money to flow into Bitcoin. It's a big deal, but the sheeps I was referring to didn't see any value in this ETF back then, but now they suddenly do. It's a complete 360 shift.

Good thing is that there is no need to rush things. If it takes 3 months to reach the $1500 level on non inflated exchanges, then it's fine as well.

The price isn't good news driven anymore as was the case years ago. It's the demand that largely makes the price go up, and speculators jump on it as they see that there is good money to be made. Result of that is that the price will go down at some point as speculators will cash out their profits. It's all part of the market. In that regard, realistically, it should settle around the $1200-$1300 mark for a while.

You don't get his point. It's the speculation that's the main driver for the price as Bitcoin is still a speculative investment option. In that regard, despite the potential that Bitcoin has, the price can easily go down HARD as easily as it goes up HARD. Bitcoin is basically Gold 2.0, and both assets are being used to hedge whatever people think will make them lose out big time. In case of Bitcoin, many aspects offer speculators a massive feeding ground.

This ETF review is getting taken far too serious by people. It's just the SEC looking through everything to make sure they haven't missed anything that may have lead to them potentially unfairly rejecting it not that long ago. It's funny that at the time the ETF was rejected people were saying that it didn't matter because there is no need for an ETF, and now there is even a 0.01% chance of approval, people miraculously see huge potential in this ETF.

It all depends on how they set things up. It's also not clear how the 'hackers' managed to gain access to the hot wallets. It's an article that says hackers managed to attack the four hot wallets - which literally provides no useful information. Assuming this was indeed a hack, and not an inside job, the way they have set everything up didn't contribute a single bit to their overall security. It's not only amateurish, but it also shows their incompetence. This is exactly why I always withdraw all my coins after every trading session.