If you read through some very old threads, people were having the exact same bit of speculation discussions when the price was sitting below the $10 level.

Some funny statements back in the days;

# Sell now before you end up being a bag holder!
# Deadcat bounce!
# Don't catch a falling knife!
# $10 is the ultimate high, after that the price will drop back to $5 and continue to go lower, sell now!

And there are more, but you get an idea now.

Portfolio diversification is a common thing outside the crypto world, but here people are looking to invest within this whole crypto related eco system. In that regard, if you plan to invest your money/coins into something, then finding a legit investment option is a difficult task since they are very limited. Investing in reputable casino bank rolls might be a decent option. Perhaps the new option of earning like 4% of annual interest over your coins at freebitco.in? But what comes next?

You are pretty short sighted.

PayPal enjoys a massive level of merchant adoption throughout most countries in the world - Bitcoin by far not.

PayPal users can buy goods from these merchants without having to pay a single penny in transaction costs - with Bitcoin you'll need to add a well sized fee.

PayPal users enjoy buyers protection - which isn't the case with Bitcoin, although such a service could be offered through a third party eventually.

PayPal users can transact instantly and free with friends, family, etc - with Bitcoin you'll be forced to include a fee, or you'll risk seeing your transaction drop after a day or two.

If you take these points into consideration, then one thing becomes obviously clear; PayPal offers a great level of usability.

Bitcoin isn't good news driven anymore, unless it's news coming from pools that they will all start supporting Segwit, but that's more a fantasy. Keep in mind; If there will be news that has a positive impact on the price, it will be scaling related, and that's all. In the same time, this endless scaling nonsense is more likely to turn into something negative, because as long as Bitcoin isn't scaling, fud will continue to go through the market, and paid shills/trolls will only become stronger. In that regard, don't put your main focus on reaching the $1300 level.

If the market experiences a high level of volatility, people complain. If the market remains relatively stable, people complain. How can the market ever satisfy people like you? Bitcoin has already gone through a rollercoaster, so right now people (you're not included) are happy with a calm market. If you're so addicted to volatility, then head over to the altcoin market. If you we're somewhat of a decent trader, you would have taken advantage of the recent volatility, and thus wouldn't complain right now.

Electrum is nothing special since it offers features that can be found in other desktop clients as well. Only thing I like about Electrum (that can't be found in many other desktop clients) is that it supports hardware wallets, and that's something I am greatly supporting. If you want to minimize your risk to the lowest possible form, then you'll be needing to use a hardware wallet. But even then, there aren't any guarantees that your coins are 100% safe. If you want your coins to be 100% safe from hackers or any other threats coming from the internet, you'll need to store your private keys offline, and keep them offline.

Thanks for your reply. It's interesting to see how you think about an exchange that can't proof it was really hacked. In that regard, I find it dangerous to see you taking such a stance in this whole situation. I can't deny that Bitfinex offers a great set of tools, liquidity, etc, but is that really worth the risk you expose yourself to? I personally find not, but you apparently do.

Trading requires putting your coins at risk, where just keeping your coins in offline storage is basically a *risk free* form of investing. If you look at how the price developed in the last year(s), then it's safe to say that holding your coins for a semi-long period of time is more than rewarding. In that regard, it's not necessary to focus on trading or investments. Especially in cases where you don't like to take unneeded risks, and lack proper understanding of the market.

Same goes up for me as well. I seriously thought it would more or less be the end of Bitfinex as a leading exchange (in the way that traders move away since this exchange can't be trusted anymore), but the opposite is true. Right now it seems like nothing has changed. They are the leading exchange as they have always been (discarding the fake Chinese volumes back then). Another funny thing is the timing of paying back. Now the price has more or less doubled in value, they basically need to use (liquidate) 50% of the "stolen" coins to compensate for people's losses. Another scenario is that probably this or next year, the "hacker" that managed to get away with a 120K BTC theft, will kindly return the missing coins. In that regard, the coins that are now basically useless since they are marked as stolen, will then become completely legal again. It stinks.

Since you seem to be a genuine poster, I was wondering; I personally would be pissed off knowing that what I would have lost in coin quantity, is only refunded to me in USD equivalent according to the value at that time. Aren't you pissed off yourself by that fact, or are you just happy that you got back what they gave you? Another thing; What's your view on that exchange as we speak? Are you still using Bitfinex or moved over to another exchange already?

# Registrar : NameCheap
# Expiry : October 16, 2017
# Start bid : 0.01BTC
# Minimum bid increments : 0.005BTC
# Buy now : 0.20BTC
# Auction duration : 48 hours after last bid.
# WhoisGuard included.
# Escrow possible.
# Private bidding is not accepted, unless you use the BIN option.


Perfect domain for a faucet or any other site that allows people to earn free Bitcoin.

Only Bitcoin as payment is accepted.

I will always ask you to send the funds to : 12oWtmuwHipw9rC9BYUuMGWMWB3RxMsxUN

Only post in this thread if you are bidding.

By placing a bid you agree with :

# Winner of the auction pays first if you don't want to use escrow.
# Transaction must be completed in less than 24 hours.

Everything that makes the price go up and down wildly, means bank for those with the deepest pockets. BU is just one of the many things people seem to be worried about. Before that, there was a long time where China was negatively affecting the market with regulations and all other related nonsense. It will continue because it works. Whatever the reason may be, people will constantly sell in panic and cause the market to shake heavily in both up and down directions.

Don't put aside everything related to the fud around the potential hard fork. It's still there, but we just took a break.

Problem is that people invest money that isn't really meant to be invested. In that regard, it doesn't surprise me a single bit that people cash out a certain part of their Bitcoin holdings if they see that they are in bad need of money. It also means that they are extra triggered at the time the market is heading down. These people (even if they don't need to cash out) are far likely to sell in panic, than is the case with any other type of person. Only solution for them is to not invest at all, or invest only that part of their money that they surely know of that they don't need it in the coming years.

Any increase would be a welcome change, but that's exactly where another problem comes out of hiding. Situation right now is clear; demand for blockspace greatly outweighs that what Bitcoin can offer. If you bump to 2MB, it will take a year, perhaps a little longer before we run into the same difficulties as is the case right now. Trolls and paid shills will come back to life, suddenly we'll see alternative sides such as Bitcoin Extreme, Bitcoin Master, Bitcoin Far Beyond, Bitcoin Great Again, etc, come to life. It means that once again there will be a massive obstacle that will negatively impact Bitcoin for a certain amount of time. Just look at how long it takes to just implement larger blocks right now.

I have the strong feeling that you're phrasing that what you are trying to say completely wrong. It's probably due to you making use of some sort of a translator. Aren't you simply referring to you cashing out your coins through an app provided by the service that you use, where you get the fiat sent to your bank account? It's just the service that you use sending fiat from their bank to your bank, and that's really it. It has nothing to do with banks accepting Bitcoin.

It is nonsense. It doesn't make any sense to start talking about such prices while we still hover around the $1200 level. But it's not the first time that certain individuals make such insane predictions. It is years ago that we heard the Winklevoss twins say that they believe Bitcoin will be worth $100,000 within an X amount of time. Value at that time was around $100 if I'm not mistaken. By that time it was also known that they had like 100,000BTC in their reserve. I wonder if they would say the same if they didn't had that many coins.

It reminds me of certain people that look at the market cap, and think that if you want to increase the price with 10%, that you need 10% of the market cap in actual funds to move the market with such percentage. People don't realize that it is indeed the number of tradable coins that matter, and not the coins that are doing nothing. It just shows with what for a mindset people look at Bitcoin and everything related to trading. It's not for nothing that a lot people end up selling in panic. It all comes down to a lack of understanding.

That's how it should be done, but the problem with a lot people here is greed. Simply holding Bitcoin is a boring practice for them since it doesn't bring them in any real profits (as in seeing their coin count go up). That's exactly why they are looking for all sorts of ways to invest their precious coins (e.g. cloud mining, altcoins, hyip's, etc). Some dumbos even see gambling as a way to make profits. After a while their greed will cost them dearly, but then the harm is already done.

I don't think fix Bitcoin is the proper term to use; I rather prefer enhance Bitcoin. Other than that, yes, I strongly agree that Bitcoin needs to scale first. It surprises me that even till this date, that some people don't understand that in order for Bitcoin to move to the next level, it must meet the demand, and thus start giving people the larger blocks they have been waiting for so eagerly. Sadly, it's not up to the community to reach consensus and activate Segwit. Pools are behaving like trolls as they, 1) knowingly harm Bitcoin by not letting it scale, and 2) they artificially create spam attacks in order to gain a higher income through fees.

Easier said than done, especially when you consider that Bitcoin still isn't scaling. I strongly believe that as long as there isn't a viable mid to long term (preferably long term of course) scaling solution, that we won't see prices anywhere near the $2000 mark. It's the only thing that holds back Bitcoin, and basically everyone knows that. If that's done, then I am fairly sure that for the next 5-10 years (until Bitcoin for whatever reasons becomes obsolete, which I don't consider to be a likely scenario) we won't see sub $1000 prices again.