How can you blame them. Bitcoin has been picture to make money fast, sort of get rich scheme, however, when they found out that its not, then suddenly lost motivation, sold off and went on the next coin. However, for people who have a lot of patience and looking at the future, they are not affected by the sudden price drops, but adjust and changes strategy as they go along the way. That's why bitcoin is for long term investment and not to get rich in an instant.

I think what the OP is starting is that it's possible that Gold investors, those fanboys will shift their money to crypto in case that it was proven that the government of America has been deceiving the US citizen about their gold reserves in Fort Knox. Also, bitcoin has been touted as the new gold, Gold 2.0 as most evangelist would like to put it. Of course, we have every right to comment on it because Governments exist for the people and we have all the rights to found the real truth about it. Not unless you don't care about what your governments agenda and its plan on your country.

Nah, probably shorting bitcoin as this point. From $6K-$8.5K, traders make it looks like that we are going into a healthy recovery until the rejection and then they short it taking the profits with them. Just look at how we trade sideways leading up to another fall. If this is a bull run we wouldn't be trading like that in like 3 days. And then the perfect excuse comes in, the ETF rejection. And soon followed by the panic run causing the price to fall at $7500.

Weird. If you learn to invest what you can afford then why the "need" factor enter the picture then? Its a pump and dump scheme, meaning if the price goes up and you have made a good profit then sell it. Then go on the next coin. Yes, there might be emergencies that we all go and need to sell our coins. But at least just put the money in the market in which you think you can burn. With that said, if the pump is already there and if you calculated that you already made money then for me there's no need to hold on it. I will immediately sell it off regardless of any "need" in real life and then re-invest it on the next coin.

If it has a effect, its going to be on a short term basis only. Bitcoin has survived with ETF for many years, although others may argue specially the CBoe ETF proposal can at least put some "trust" on the market, I don't think it will have a lasting effect. We may see a good price spike if its approved, however, long term, I don't see it having a significant impact on the price and I believed that it won't push the price to a new all-time-high.

I was about to say that. However, are they really making government backup coins to circumvent trade sanctions against them by the West lead by the US? Or they are really doing it to save their country? There's a lot of questions as it is pegged on oil and gas if I'm not mistaken, so those states can clearly manipulate it in their favor that could really damage cryptocurrencies reputation.

Pre-ETF = I don't think that we can breached the $10K mark.
Post-ETF = If is gets approved then obviously, just matter of days before the $10K can be broken and we can even see a exponential growth. However, if its gets rejected, the price could suddenly make a free fall to as low as $6K again. That's why we need to watch out for SEC decision next month and see how it will affect the market in the next coming months.

Others see trading as their main job, sort of their source of income so its understandable that they are spending 8 - 12 hours a day because its brings money and food on the table. I guess if it really involves some form of monetary reward like gambling, its going to be addicted.


Again, it really boils down how people see trading. Others are really hooked up because of the money they can potentially get/lost. But for me, rehab should be the last resort because I personally believed that individuals won't get addicted as long as they are not going to be greedy and as you have said, just be consistent and structured on their trading activity.

I beg to disagree, this is not a bull run per se. This is just bitcoin trying to get back on its feet and there is a lot of positive news that is going around, and that is the reason why we see the price going above the $8 mark. And just by looking at the volumes, it has nothing compare to $10M we hit like everyday when we are in a massive bull run. So just don't get excited here, but continue to observe and read the graphs and wait till the news of ETF approval/rejection next month and then we will see if we can sustain this to a bull run then.

We have been doing well even without the ETF and that ETF being rejected a few days ago is not the "big one" that we all have been waiting for.  What we are waiting for is the CBoe ETF proposal which is due for approval/rejection somewhere in August. That's why when the price declined, it has recovered nicely. But you need to wait up until the critical days leading to the CBoe application, I'm sure if ever we get a bad news bitcoin will live but we might felt panic if the proposal is rejection. But then, it will be short-lived and Bitcoin will bounce back again.

There's no doubt that bitcoin is the best option right now. But it really depends on your goal as well:

1. short term goal - just buy bitcoin and then wait till it gives you a good profit is short amount of time and then sell and take the profit

2. long term goal - buy bitcoin with your $2K and just hold on it for at least a year and see how it goes.

So its really up to you, no one can give you the right investment choice, its you who will make the final decision.

I also don't think that its going to happen this year. But I won't take 5 years to reach it. Remember during crypto's peak we are at least 800 million to 900 million so its really possible. When the market started to bounce back again and bitcoin hits around $20K, I'm sure that 1 trillion will happen. Might take a year or two, when everything settles down and confidence is back on the market again.

Those are people who think that they can get away and became rich just by buying bitcoin. Lol. Ico's are a real magnet, they just pour their cash and believed that one day they will get huge dividends but it didn't happen. So they became pessimistic and then they make a sudden u-turn attacking crypto just because they lost their hard earn money. 

Bitcointalk name: Reatim
Rank: Senior Member
Current post count: 656

Bitcoin is digital, why would you create a banknote out of it? It will totally defeat its very purpose. If you are into paper note then you might as well just buy banknotes or something similar like a bond. It doesn't make sense for bitcoin to be like some kind of notes. 3/4 of the world has Internet already so I don't understand where you get the idea that there are still people who don't have access to world wide web.

Oh well, we can categorized them as scammers because they are really taking advantages of newbies just walking the door and them promising good returns but we all know that you can earn a lot without you paying the premium prices for the signals. So its good if you can stay away from them and do your homework do avoid lost of your money. I'm sure that all your hardwork will be paid at the end if you do study the coins that you are going to invest.

I think that we already stress this message across this forum for too long that it already sounded like a broken record. So I don't know if people have invested big enough money and doesn't know how to secure it. Exchanges has been hacked, online wallets and even scammers have been with us so by now if people still need reminders how to protect their assets and then bitch around later that they have lost tons of money then crypto is not for you.

I would not call it trust by a long shot, perhaps interest is a appropriate term. If investors would just go back to the ecosystem and have their interest poked by bitcoin again then we will the price go up and maybe reach all-time-high at the end of the year. But in my view, those investors are still reluctant, why? because theirs no news that will make them imagine and experience what we got in December 2017. Only the ETF application is pushing the price right now and once its get rejected again, the price will decline. So Aug 10 will be very critical to all of us investors and traders.

I agree that bot has a lot of uses, but I still believed that there are traditional investors who do it manually. Perhaps they saw that its better for them to make the trades and make the right decision as compare to a bot. And there's one downside of using bot though, remember the hack on Binance? The hackers used to exploit a bot that's why it was able to penetrate and made a sell. However, Binance was too quick and realize what's going on so they halted the withdrawal in time, resulting to the hackers losing money.

Good question.

A guess it boils down as to where the tokens will be listed. If its in a exchange that has a good reputation then I prefer it that way. But if the tokens will be just listed on a shit exchange and individual will just used it as a pump-and-dump scheme then its not good because I'm sure that the price will easily plummet. At least in a reputable exchanges, it will be hard to pump-and-dump it, in my view.