It's hard to know what are their actual plans.
Clean energy was never too high in their priority list. Bitcoin is an easy gateway towards western money they love so much.

My feeling is that they simply play a pump and dump game; it's not the first time they do that. From time to time they make the price fall hard, and in the rest, the price will rise naturally. Between the two, they can earn shitloads of money.
But never forget that it's not (only) China spreading at full power all these news and/or FUD related to China. Many westerners understood this game and play it for their own gains too.


On the long term, all this makes Bitcoin less and less tied to China. This helps both as decentralization and as opposed to the "bitcoin is owned by commies" narrative.

Am vazut tipa intrand pe teren. A fost incredibil de slab mediatizata, in timpul meciului nici nu fusese clar ce cautase acolo. Am citit a doua zi pe stiri ca facea reclama la.. wtf...(da, cu dublu sens).

Dar da, pump-and-dump exista de cand crypto, si probabil dinainte. Probabil ca unii mai smecheri au facut averi asa. Nu inteleg de ce lumea o mai musca cu de astea. Nu trebuie sa fii nu stiiu cat de "vechi" ca sa gasesti toate semnalele de alarma despre FOMO sau despre "daca e prea bun pentru a fi adevarat, inseamna ca e teapa"...

100% de acord: "Noapte mintii". Pacat de banii munciti pierduti asa...

Have it occurred to you that the scammers may actually pay the fee and this will act like some sort of endorsing from the forum side? What then?
No. And then who will spend the time to verify if this or that is scam or not? What if it becomes scam afterwards?
The current (no) handling is the way to go. Learn to be more careful and don't just jump in.

On the other hand, there are plenty of fat purses that just can't say no to the opportunity to buy in moments like this. Never forget that.
Indeed, the price may go lower, but for that the bears have to work harder.

I wanted to just say that
I'm curious how long this sub-30k will last


Well, it's surely frustrating even for the holders. But not much else. I don't want though to be in the shoes of those who bought at 60k...
Clearly, it should convince people HOLD and it's also a new opportunity to buy.

It won't be parallel chains, it would be forks. So it's more likely that there would be multiple "bitcoins" at different prices, that's all. No other way to prevent double spending if we get to this.
As soon as we'd get to about 50% of hash power gone missing, the devs will have to act fast.

* If China bans mining, that's actually a good news for long term, since it helps on miners' decentralization.
* I've read somewhere a good point: if China has to tell loudly over and over about the bans, they are most probably not too much effective.
* China govt owns their media, hence whatever is said there has 50% chance to not be for real.

You are right. Just the "1 hour" part was the minimum minimorum. If such a split would happen, I'd expect it to last... years.


I think that some sort of packet filtering may already do the job. And this is what one or more totalitarian countries may do. Imho any other approach is not feasible.
Of course, human ingenuity can overcome this in some cases, but I wouldn't rely on this as a general rule.
And in this case the "second fork" may be actually not existing at all (i.e., problem solved, bad luck for those behind the firewall)


If one didn't use VPN or ToR, he may need some time to adjust. And some time is also lost until people understand what's happening so they can react.

Imho it's easier to copy and with some luck they catch a couple of losers. Then rinse and repeat.
Usually such projects are not "doomed to failure", instead they're plain scam.

TA is far from pointless. The only problem is that TA doesn't work alone, many other things have to be also correlated with it.
That's what makes 24/7 trading so difficult, else everybody would do that, isn't it? A seasoned trader might now when TA works with very little other influence and when he should take the other things into account or just stay away for a while.

Indeed, if such a split is to happen for - let's say - more than 1h, a hard fork is a must. Reconciliation is no longer possible, else the result would be much worse than after a 51% attack.
So on the scenario from OP, I think that by far the only realistic solution is that the chains cannot be merged anymore. We will have 2 types of Bitcoin then and I don't even want to think what would this mean for the price.

Vestea buna este ca apare crypto in ziare, chiar din gura autoritatilor.
Vestea proasta este ca sunt tot speriati si abereaza.

Dăianu: Cripto nu sunt monede. Vor fi strict reglementate. Pot să însemne demolarea unor oameni

O tampenie pe care o spune si care arata cat de putine stie desi vorbeste ca si cum s-ar pricepe, este "Nu vedem noi, de pildă, că atunci când au fost criticate au recurs la stablecoins?". Adica vai de capul lui.
Si noi aveam asteptari de la astia...

Am facut eu un test si pot sa spun ca:
1. se pare ca intr-adevar nu folosesc Netopia pentru crypto
2. din testul meu adaosul la crypto este de doar 1.5%

Testul l-am facut comparand pretul afisat pe site (sper ca nu se mai schimba dupa acel pas) cu pretul de la convertorul https://mycryptobuddy.com/CurrencyConverter , singurul pe care il stiu ca face direct conversii in RON.
Clar, ma astept ca din cauza diferentelor de curs, sa existe o eroare de 0.5-1% (in orice directie).

Maybe, but he's still a politician and whatever politicians say should not be trusted this easy.
On the other hand, you're right. El Salvador has opened the way and there's a good chance others will follow soon. And the more the better: then IMF cannot bully El Salvador so easy.

However, I'd just wait and see what's going to happen next.

There are 2 things here:
1. Week-end movements are not to be trusted. As simple as that.
2. The hash rate has dropped again and some were telling on twitter that mining got halted completely in Sichuan area. I don't know if it's true or not, but it can easily trigger some panic sales.

I don't know how those people think, but I surely hope that you're wrong about this third phase.

One thing is for sure: not all who bough Ledger wallets actually have Bitcoins; clearly some do have, but far from all. This means that although this phase 2 may pay off, the phase 3, which is much more costly (both as logistics and risk) may not worth it. I surely hope so. However, all this is way out of hand, I don't understand how Ledger and their shop provider are still allowed in e-commerce business.

I've earned some coins here and there and I've also spent quite a big part of them. HODL? Sure! I'm even accumulating.
Clearly I can't use the money when I'm dead, hence:
1. I do spend some of my earnings. This way even if the levels from point 2 are not reached (during my life time), I will still not be angry.
2. I do plan to cash out some bigger chunks when the price reaches certain levels. What levels are OK for me doesn't matter for you, but for example one such level is around 1 million EURO.
3. I plan to get to the point that although I cashed out some, I'll also leave some for my retirement. I don't know if the amounts I have will cover all my plans, but .. at least I have plans  



Well, some may have sold at a loss, then bought back at even better price. In theory, at least, it is possible.
In reality, usually it's just bad decisions piling up, FOMO and panic making many people lose money.

Although I have plenty of merit, I still enjoy receiving some more. They give some sort of reassurance, they show that I was helpful, and they also some sort of fuel for keeping it up.
Since you still have plenty of room for ranking up, I can very well understand that for you this kind of feelings are even more powerful.



Actually I stopped doing that and started using TryNinja's bot for notifications 

It was a great race, Red Bull had better strategy (maybe on the fly though) and they've won.
Ferrari was the biggest disappointment though.

Great race to watch. Probably not the best to be in Lewis' or Valtteri's shoes though.


Max and Lewis are too close, so for now the fact I don't bet is ... not related to the system.

It was described in the other topic about this new scam:


Most probably that either the "import tool", either some fake "firmware" would be the part that will actually send out the data to the hackers.


It's interesting that such a scam costs money - the devices, the look alike box, the shipping from France (!) - so it was not easy to send these boxes out.