Bad motives, hidden agendas, etc. Eventually it's all about certain entities that will greatly take advantage of this situation and earn possibly hundreds of millions of dollars. With Bitcoin there are no guarantees, people say, but the only thing that is guaranteed when it comes to Bitcoin, is drama. It's no surprise that everytime the price goes up nicely, we'll face whatever form of negativity that will cause the price so sink very deep. Current situation fits nicely in that category.

If you know what passive income really means (earning money effortlessly), then trading doesn't fit in that category. Renting out space that you seem to do, that can be seen as passive income since you generate money without doing anything. Other than that, there aren't many options when it comes to investing in the crypto scene that will generate you a passive form of income. The only thing that might come close is mining (not cloud mining), but you'll then need to focus on altcoins as Bitcoin mining isn't profitable.

It wasn't that unexpected. BU drama was hanging in the air for quite some time, where the effects are being felt right now. People are unsure what will happen, where many of them don't even know what the effect will be of a potential chain split. At this point there isn't really any news that market can use to make a jump up. Especially when you consider that the market isn't really news driven anymore (beside the occasional events that get hyped up).

You don't have to be an analyst in order to know that ETF's don't stand a single chance, knowing the reasons why the Winklevoss ETF was rejected. I however find it funny that they are saying to do that in order to protect investors, but where were they at the time other (non Bitcoin) ETF's resulted in investors to lose millions and millions. Where was the SEC to protect them? SEC is a joke. But then again, Bitcoin doesn't need any ETF's to move forward. It would be nice of course as that would allow institutional parties to enter Bitcoin, but it's not a necessity.

This. I once had that problem too when creating a raw transaction. I was so focused on experimenting that I completely messed up. Raw TX was sent where the rest of my balance was included as fee, lol. It gladly wasn't a huge amount (around 0.10BTC), but still, it hurts. I could have tried to double spend that TX, but it was useless since I would then lose more than I would gain.


It's gone. In most cases pools directly pay out everything to their miners. I don't think many pools are willing to swallow a loss just because someone else made a mistake. I however have to note that very recently someone was indeed refunded by a mining pool after adding a way too high fee. But in that case it looked more like a publicity stunt to me.

China is no longer a significant matter when it comes to the price. At this point it's BU that is putting a heavy load of pressure on the price. Other than that, if you already have some coins that you are satisfied with, then just wait on the side lines to see where the price will settle in the coming days. If you have no coins at all, or cashed out the majority at +$1200 levels, then you can buy back some. Just make sure you have fiat ready to be used in case the price happens to tank further.

How will people be left behind? If you have 1,000,000BTC (example of course) on the Core chain, you'll also have that exact same amount of coins on the BU chain. I like to see an explanation from you regarding this. If you say something, you must back it up with strong arguments. But as always, it's just you farting in the speculation section at the time the price goes down, where after that you hide yourself for a few days or weeks when the price goes up.

Of course you will have a choice. In case of a chain split, you don't have to do anything other than to keep doing what you always do. You will have one Bitcoin on your Core chain, and you will have one Bitcoin on the BU chain. Exchanges might list the two chains simultaneously to offer people a BTC and a BU trading pair. If you keep supporting Core and thus don't have any need for the coin you hold on the BU chain, you can decide to sell it for whatever its value will be (this won't affect your one coin that you have on the Core chain).

I wouldn't be so sure of that. If Bitcoin and BU form two seperate chains, then prepare for prices deep under the $1000 level. Especially when exchanges will allow do trade both coins simultaneously (where obviously BU will be the altcoin), then the panic will be complete.

Long term is always the best to focus on as we indeed have seen the price go up, even after experiencing the worst possible scenarios. But the short term can look pretty nasty if things go in the wrong way.

Best possible option. Buy the panic (in case the market goes nuts).

It's not insane at all. Ethereum is being pumped in an extreme manner where the volumes as result of that are extreme too. It's not that difficult for the people behind this pump to wait till the volume peak of Bitcoin in that day to move outside the 24H range, where after that the ETH pumpers just generate a huge load of artificial volume to 'surpass' Bitcoin's trading volume. It doesn't hold any value.

I don't fall for the excuses that governments and indirectly the exchanges use to hide themselves behind. It's nothing more than the government that wants to know who is doing and holding what. Of course, it also helps that they through these measures can also possibly spot people using Bitcoin for whatever shady purposes, but that's just a small representation of their intentions. It's the hunger for control that is driving governments to do all this.

First you say that the ETF decision is a non factor, and right after that you say that the $3000 level is achievable due to the positive effect of the ETF decision. What is it now?

The speculators and investors from all kinds of institutions that you are referring to, are purely interested in this ETF. No ETF means no money from them flowing "into" Bitcoin. I think you either phrased your post in the wrong way, or you simply don't know how things work in the market, because you are giving opposite signals.

Correct.

Please, no!

First you say trading involves emotions, and now you say that emotions will make you lose. What am I missing here.

Emotions are a horrible guide as you should make all your decisions based on how you analyze the market. Proper market understanding is the key to profit, while emotions make people most of the times only lose. In case you happen to make a right move based on your emotions, then it's nothing more than a lucky shot. It's not for nothing that trading is only profitable for a tiny percentage of the people. The profits that these people make come from the +90% of the traders that are losing.

I have nothing against Yobit, but it doesn't seem like an exchange you should use to start trading in a serious manner. Especially when you have an exchange as Poloniex that offers everything you need; Liquidity, great trading tools, margin trading, etc. Look at Yobit's ETH volume for example; 3400BTC traded in the last 24 hours, but barely any liquidity in their orderbook... Volume is artificially created by whatever entity, and is not the result of people actually trading all day.

It highly depends. In most cases if you look at people with the deepest pockets, they look for investments with the lowest possible risk levels. For these people reliability is an important aspect. On the other hand, people with a low initial capital tend to take greater risks to achieve the same level of profit. It's all about the risks that you are willing to expose yourself to. The more you have, the more there is for you to lose. That's why in general wealthy people are looking for low risk opportunities.

Quick example;

Person A takes position of $1,000,000 into whatever type of investment option and gets 3% annually. Net profit = $30,000.
Person B takes more risk with $50,000 as capital, and manages to make like 20% annually. Net profit = $10,000.

This is the exact reason why P2P trading will only happen to grow further. I can somewhow understand that people are required to verify themselves (in a softer form), but things right now are starting to become ridiculous. I just wonder why it takes so long to build up a solid decentralized exchange? I am not that much in the technical aspects of what exactly is holding holding back such an exchange to exist, but if you look at the NXT asset exchange, it's not that impossible after all.

It's not because of new players that are finding their way to the market. Dash initiated the altcoin pump saga, and not long after that other altcoins followed. It happens once in a few years that nearly all top altcoins get pumped badly. It's pure manipulation done by people laughing their @ss off at how people buy up their extremely overpriced coins. Seriously, who buys an instamined coin for close to $90 per coin? Who buys a faked ICO coin for over $40 per coin? No real usage, no real potential... It can't and won't end well.

It's too soon to come to that conclusion. I am fairly sure that the $1000 level will hold and turn out to be the bottom in case it happens to drop further from current ~$1100 levels. But even if it does, it will give people a much waited for opportunity to (once again) buy themselves some cheap coins. It's pointless to always look at the negative aspects. Sell the peaks, and buy the dumps!

Currently there is no bubble. If you look at the demand that is coming from people looking for some sort of a safe haven, then I can see this continue for quite some years as governments aren't likely to stop with pushing their own people away from them. I have convinced a few people close to me in the last 6 months to allocate 5% of their entire wealth to be invested in Bitcoin. Why did they agree with this? Because they as well see that saving isn't an option since it will cost them money if you calculate the yearly tax percentage that they have to pay. Plus, they also feel that the government and banking system is working against them. Banks are nothing more than puppets of the government. People are tired from being stuck in a system that is squeezing them out. People want financial freedom. That's an important aspect of the level of demand we are experiencing right now.

I am still searching the article I have read a while ago, but it was stated that the amount of capital that they were looking to raise with their ETF was more in the range of $1-2 million. That's obviously peanuts compared to the initial $65 million from the Winklevoss ETF, that later got pushed to even $100 million. But an important difference (which still isn't enough to get it approved) is that SX has all its holdings insured up to an amount of $125 million. Winklevoss didn't offer any type of insurance.