No bitcoin mining will not be obsolete. What those company are saying that their sales are declining, and it coincides with the price of crypto plummeting this year. Last year they are booming and their boards are running out of stocks, even gamers are complaining that Nvidia and AMD GPU are very expensive because crypto miners are using them.

So its pretty obvious that there's some price correlation going on. But it doesn't mean that crypto mining is obsolete or something. Let's wait next year when crypto started to bounce back again, I'm sure that both companies will make a lot of revenues similar to 2017.

As of the moment, I should say yes, its the last bottomed we seen. However, we still have the September news coming from SEC, so it might have a bad effect on the market if the news suddenly went on a disapproval.

So we can't really tell unless we see a dramatic rise in the next coming months and we can totally say that we are out of the woods for another bottom this year.

Make sense for them to moved to Singapore because its crypto friendly. I think top exchanges have a plan B, just like Binance and OKex moving to Malta.

So I'm not surprise by their move, I wouldn't call it aggressive though, perhaps its a business decision on their end to shift their HQ to a more friendly nation like Singapore so that they can still operate without any pressure from the government.

I do hope that this rise is sustainable at least and not another bull trap. We have been expecting that Sept will be the start of something big and I think we are still on track. Everyone is excited to see the price being bump today but we cannot rule out that someone might be manipulating the price from behind so its better to observed how the market will go specially coming this September.

Majority of us here doesn't know what crypto is back in 2014. I'm haven't checked the historical logs though, the last stop I did was 2016. But it like every 1 to 2 years we will have this bearish trend followed by a dramatic rise. So it history repeats itself we might see bitcoin going up next year.

Its profitable to hold. But the question is how long are you willing to hold?

My guesstimate is that at this trend, we should hold for more than a year. It is expected that this trend will continue up to 2019. So if you are a holder, you should look at 2019 as the best year you will see good profits. Everyone lost at this bearish trend, specially if you are a holder. But no need to sell everything, have patience and I'm sure that we all gonna see a good returns specially next year.

I wonder no one mentioned about KYC. Bitmain are now enforcing to KYC if you are going to get hardware from them. The only reason I got is because of their IPO. Is Bitmain really losing grounds that they needed this IPO thingy? Or because of reportedly holding BCH, which drops significantly, perhaps they needed another source of funding right now. But I don't think it will have any impact to the price of crypto though. Might just put some hype, but that's it, nothing of significant to be expected.

Yes, its pretty obvious that you will see a huge jump then suddenly in matter of minutes the price goes -300%. So it really doesn't make sense to day trade.

Good that you look at it like gambling, very unpredictable and whatever tools you used are useless once those manipulators started to used their "magic wand" and turn the price to their favor.

And it really boils down to control. They are really suppressive and just imagine if crypto took off in their country. That's why I'm not surprised by this news and it seems they are really irrelevant haven't they? Although Bitmain still has the monopoly but sooner or later their government will take care of it as well. They really wanted to eradicate everything that's relates to crypto so its logical that Bitmain will be the next target and the puzzle will now be complete.

Bitmain requiring KYC now? What's up with that? Why all of a sudden they required potential buyers to go through this whole KYC process?

If the project has some fundamentals behind then its worth to hold and see how it goes. But if its just another shitty tokens, then I advise you to sell it immediately and don't be caught by the hype. Sooner or later a big dump will come causing the value to depreciate and you are going to be trap for a long time.

Edit: I'm thinking of just holding the coins if they've just been listed on a exchange. Chances are, the price could spike a bit, you just wait and see how it goes. Everything involves some timing as well, so continue to observe once its listed and then make your decision, it can go either go to 0 or all-time-high.

Just like any other altcoins today, it will continue to suffer. And people are all aware that Roger and his cohorts are the only investors or bagholders of BCH. The hype has died down, perhaps if Roger will pour more cash and create a artificial pump, Bitcoin Cash can stay survived in the next coming years.

Exactly. Its really hard to understand why those people will just say non-sense on crypto and even speculate on its demise. Oh wait, crypto is a threat to their business so to eliminate, tell will go on a tirade and attack it on public so that people will take twice about investing. But I'm sure there are a lot of smart investors out there and would just believed what those anti-crypto are saying.

As far as I know, Facebook already change their policy towards crypto.

https://techcrunch.com/2018/06/26/facebook-reverses-its-crypto-ad-ban/

But they are implementing strict policies and applicants will go to a process.


I agree. Social media is not into bitcoin and some of them are totally against it. They might change their stance in the future but they will not go into bitcoin and invest on it.

Its just a expression dude. And don't take the words literally but learn how to read between the lines.

I think by now people have learned their lesson very well. We have matured and I think no one is really listening to those people anymore. And those who kept listening will understand later what those guys are really up to. Those attacking bitcoin have their own agenda behind. And by the way, Facebook has already made a U-turn and no longer banning crypto ads as far as I know.

Did you really think that Venezuela is growing? Lol. You need to read the news dude. They are sinking specially their economy due to political reasons. That's why people are using bitcoin to buy necessities outside of their country because the government can't provide it. They are not struggling, the country is really in deep trouble and they rely on bitcoins in order to survived.

The network spammers is gone, trading exchanges are batching their transactions and people are adopting Segwit now. So I doubt that we will see a network clogged if ever bitcoin tops $20K again at the end of the year.

And I get your idea that bitcoin is capped because of fees.

Lightning is still in beta phase, as far as I know (please someone correct me if I'm wrong), And until its rolled out, we don't know the extend of its adoption.

Yeah but what is exactly your point? People have choices, if they choose to acquire wealth in this world in the expense of others then its there problem. Can they have a good night sleep knowing that they step on someone? And those people don't fucking care what people are going to say if they died. As long as they enjoy their life to the fullest they will go and continue to do bad deeds.

Really hard not to panic if you see your investments is slowly going down. But for me, you have to look at your investment for the long haul, so that you will not be affected by the current market trend. Yeah, its really frustrating but it doesn't mean that we will give up already. Just keep calm and continue to accumulate when the market started to slide again.

I don't think that panic can be totally eliminated specially in this market, its a behavioural response, so its either fight or run. But it looks like more people are running, meaning getting out of the market because they are afraid that it might collapse. But for those who are very familiar of the situation, there's no need to be emotional and sell. Just wait till everything settles down and I'm sure that you will be happy that you didn't push that sell button.