Till everything goes back to 'normal' and people start selling their coins in order to gain themselves a good portion of fiat back. It however offers a good opportunity to benefit from this situation by selling at the right moment (which for everyone can be at a different level). Only negative aspect of too many people cashing out BTC is that exchanges may decide to *temporarily* halt BTC cashouts too. I won't be surprised if Bitfinex happens to walk that path when they notice that they are slowly drying out.

It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. I use it as a store of value, where my main motive is to keep a large portion of my wealth outside the banking and governmental system. At the same time, the volatile nature of Bitcoin lends itself perfectly for investment/trading purposes, which is also what I am using Bitcoin for. For me the right term is indeed digital Gold.

rickbig41 left a note > https://bitcointalk.org/index.php?topic=1877794.0

Your auction threads got deleted (possibly due to someone reporting them) because you already have a thread in the digital goods section where you have the said domains for sale. It's most likely seen as double posting or something, and thus the moderator found it necessary to step in and move them to the trashcan.

Not that long ago CCN wasn't all that excited about the price due to everything related to the scaling nonsense, and now Bitfinex traders are pushing the price to higher levels out of fear, CCN is coming up with this... Current increase has no value and will come down as soon as USD withdrawals get re-enabled. It's common practice for CCN to jump on events and come up with some sort of "analysis" after they have happened. If the price goes up, then they report in a positive manner, if the price goes down a few days later, they completely change their view and start taking somewhat of a negative stance.

No way the price on exchanges other than Bitfinex will hit the $1400 level. It's an artificial price increase, and thus it holds no value at all. But as always, certain people will see this as a fantastic moment as they believe everything related to BU is not playing an important role anymore. People look at the current price, and based on that they either feel good or not - it's noob logic. Doing research? Technical analysis? What's that?

While I agree that market movers don't really care about the higher fees, it must be mentioned that they do take the scaling aspect seriously. We're currently far away from it, but if BU happens to initiate an unsuccessful hard fork with a chain split as result, it will have a significant negative impact on the price. For you it's easy talking, but that's a whole lot different if your exposure sits in the millions. No serious investor will put such a thing aside so easily.

It all depends on the purpose. Saving money in the bank is only good for the purpose of having money aside for when you need it. If you're looking to earn money in a passive way through the interest offered by your bank, then it's peanuts and not worth keeping the money in your bank for. If you calculate everything thoroughly, then saving will result in a negative outcome after tax, decreasing fiat value, etc. Regardless of you being in need of money or not, everyone likes to see his wealth increase, and thus investing your money properly is a must. If I look at myself, I have always been putting my money to work. Before Bitcoin it was mostly stocks that I was interested in (specifically stocks that got dumped down badly). I was happy to see my wealth increase with around 20-50% per year, depending on the frequency of the trades and the level of profits.

Rule nr one is to never take anything for granted from what is being said in this forum. Problem only is that the majority of the people simply don't know what to do, or how to analyze the market, and thus will be looking for input from others. In that regard, there is no way for them to find out whether or not the input from others is helpful or not. People will find out afterwards. That's why I always advice people that don't know anything about trading or markets - just stay away from trading. Don't stick your nose into something that you don't know anything about.

It would drop below the $1000 level, but the main damage will come from the over-exaggerated panic among traders. It has always been like this. In that regard, I wouldn't be surprised if there will be a very sharp dump towards the $700's, where after that it will more or less move between $900-$1000 for a while. We'll surely recover from this, but it once again shows that current exchanges are being operated by incompetend amateurs not being able to handle hundreds of millions in funds.

Sure, every coin that at some point will deal with the amount of usage that Bitcoin experiences, will suffer from the same difficulties - that's a fact. My point was basically; no matter how well Litecoin will function after certain implementations, that it's still up to the people to choose whether or not they will make use of it. People are mostly hype sensitive, and will likely prefer to follow the three afore mentioned coins rather than something that remains stagnant (in terms of its price) for quite a long time.

In most cases governments know very well what Bitcoin is capable of, and let that exactly be their main motive for forcing through ridiculous policies in order to slow down Bitcoin's adoption. I am quite sure that we haven't seen the real face of the governments yet. If Bitcoin continues to grow larger, which I believe will be the case, then at some point current regulations will be a joke compared to the things governments will come up with. Poor knowledge of Bitcoin is something that certain (lower level) politicians are suffering from.

Especially in China. People are sick and tired of going through so much hassle where they kiss goodbye to their privacy with ridiculous things as video verification, regular re-verification procedures as laws change, etc. People will have to choose between 1) convenience of buying and selling through exchanges, but with the fact that there is no privacy, or 2) go P2P where your privacy is more or less untouched, but enjoy less convenience (and in some cases it might even be dangerous when you go face2face). It's up to the people to choose.

If, if, if, if, if... It's clear why the previous two ETF's were rejected, and in that regard it's safe to assume that there won't be any Bitcoin related ETF's approved in the next few years. Why? Bitcoin is a free market, and will likely remain that in the next coming years. Just stop focusing on it. Demand for Bitcoin will grow anyway, and thus the price will grow as the demand grows. Important event to focus on right now is having Segwit activated. If that's the case, it means an obstacle holding Bitcoin back is removed, and the price will move closer towards the $2000 level. No need for ETF's in that regard.

You should spend some time analyzing this whole situation where Bitfinex has been a problem magnet for quite a long time. It has only caused the market to react in a negative manner, with as ultimate deep low the "hack" of last year. It's not for nothing that banks have stopped doing business with Bitfinex (shady behaviour, not registering itself properly according to the laws, and I wouldn't be surprised if there was more). Bitfinex has just started to behave in the exact same manner as MtGox was doing back then. Give it some time, eventually the destructive route Bitfinex is walking will be similar to the one from MtGox. People have been warned since last year, but not many have taken any of these warnings seriously.

I understand your point, but reaching an all time high is what I consider to be a major target - especially in current circumstances where the all time high is an artificially created peak due to the ETF (which directly after that got rejected, and thus the price reacted in a negative manner briefly). Other than that, I can't see the price reach levels close to $2000 (or even higher) as long as Bitcoin isn't scaling. It's not a matter of 'sure we'll implement larger blocks at some point, relax'. It's a matter of ASAP!

Litecoin with or without whatever implementations - it will not change anything in how people use it. It's nothing more than a coin that gets boosted from time to time by whatever entity with certain intentions, that obviously going to play out in their advantage. Bitcoin needs to scale, that's something we all can see (aside from noobs just ignoring everything and play happy user). But the main problem is that pools are playing hard to get, and thus knowingly hold Bitcoin back from growing further. In that regard, it may take a serious amount of time before we are going to see any sort of upgrade in blocksize. Direct result of that is that people will *temporarily* look for cheaper and faster (in terms of confirmations) alternatives.

Litecoin is just one of the plenty of coins that people can choose from. If you ask the majority of the crypto nerds/enthusiasts what they will prefer when it comes to using certain altcoins as payment option, then it's either XMR, DASH or ETH.

It doesn't really matter in this case since there are other coins that can function perfectly fine in terms of being a payment option, that also happens to be a cheap (compared to Bitcoin) option to use. As I said, Litecoin is just one of the plenty of coins that people can choose from. If it is up to the majority of the people, they will give the preference to one of the three afore mentioned coins, so no matter what changes Litecoin goes through, it's up to the end user to decide whether or not he will use it.

This is the time for major exchanges to do their best to attract large players that were operating on Bitfinex and are now looking for another exchange to settle in. Bitstamp, Kraken, GDAX (Coinbase), BTC-E, are all very decent alternatives. I personally use Bitstamp as my main exchange, and in a lower frequency BTC-E. Sure, Bitfinex has the best level of liquidity from all exchanges, but that's not worth anything when the exchange in question can't be trusted.

Most people that make use of PayPal don't mind to provide all necessary documents and information to fully verify themselves. Only point of annoyance may come from PayPal requiring additional information regarding the source of the money in case you happen to receive or deposit a large amount. If you sign up and make use of their service, you directly agree to all their terms, and thus shouldn't complain about anything. PayPal was never meant to be a service that you can use without verifying yourself.

Signs, signs, and even more signs. How many times do people need to get warned before they finally move their funds out of that exchange! People that play happy user will surely say that it's gonna be all right again, and that they will keep using this exchange, but at some point they will get trapped where there isn't a way out anymore. It's mind boggling how ignorant people can be.

Bitfinex has proven to be a shady exchange, and this just indicates that something bad is brewing (possibly a MtGox scenario). Bitfinex "hack" last year was a warning, and those that left this exchange have done the right thing. People that kept using this exchange are now shaking on their legs. It's not for nothing that there is a fair premium in Bitfinex's exchange rate. Now people can't get their fiat out of that exchange, they buy Bitcoin (which results in the price to go up higher than other exchanges) so that they can cash out everything they have there. In the short term, they might be re-enabling deposits and cashouts, but that's just done to slow things down and let the market calm down. MtGox did the exact same thing, till there was a moment that literally no one could get their funds out of that exchange anymore.