The SX ETF doesn't stand a single change, that I can agree with. But what decrease are you talking about? We are doing exceptionally well as we are sitting over the $1200 level. Altcoins mostly get pumped when the Bitcoin price is taking a break or when it drops, we already know that. Only difference is that current altcoin pumps are extremely-over-exaggerated. I almost feel sorry for the people that buy themselves into the pumped altcoins at current levels. It can't end well for them. Impossible. The only people that will walk out with potentially millions in profits are the people behind these pumps, long term holders, and some lucky traders. All noobs, gamblers, believers, etc, will get crushed soon.

Not sure what your reasoning for that is, but it's not that the price will jump through the roof just because of the ETF getting accepted. It will help in pushing the price faster towards the $2000 level that we at some point might touch, but that's all. It's not doing anything other than speeding up the whole process. We'll reach $2000 anyway at some point. I have no doubt about that.


It might have some sort of an impact, but I don't think it's significant enough to really hold Bitcoin back for the time being. Don't forget that we have been through a massive rally already in the last months. It's time for a well deserved bit of calmth in the market.

I know how you feel. I personally have lost (not as much as you of course) just over 10BTC with SilkCoin. I kept buying on the way down, and the price kept sinking deeper. I am glad I swallowed the heavy loss at that time, otherwise I could have ended up losing close to 15BTC. The only good thing is that we learn from our mistakes. Not long after that I decided to for ever quit any sort of involvement in altcoins.

If you're so sure of that, you 'obviously' have stacked up as many coins as possible at current prices, right? There are less than 4 years to go before we reach the next halving date, and if you think that we'll reach $5000 by that time, you won't have any problems waiting.


OP; I prefer to remain somewhat conservative when it comes to my predictions, but we all know how great the current demand and sentiment levels are. I say there is 75% chance that we'll break through $1500 before the end of this year (to remain somewhat of my conservativeness). I just can't discard the endless scaling debates that cover the entire community with a thin layer of negativity.

It's greed and stupidity combined. In most cases people don't have the ability to calculate what risks are tied to whatever investment. Gambling is what I consider a poor mans way of becoming rich, but that's also the case when it comes to all kinds of worthless scam sites that promise you insane rewards when you hand them over your coins. No matter how many times people are told to avoid certain sites and services, there still there are enough people that fall for it. They try to achieve something that in normal circumstances isn't possible with their level of wealth. That's why a lot people keep falling for scam sites, keep losing their money with gambling, etc.

Even without browsing through all posts here (of which the majority is pure spam), you could come to the concolusion that everything that doesn't require an initial investment in form of coin or fiat, is the best (risk-free) way. From there it's up to you to decide what you consider to be a time/effort worthy practice that translates into you earning whatever amount of money/coins. In that regard, signature campaigns are the obvious winner since you get paid for something you are doing anyway.

Not really.

This ETF will have zero chances of getting approved due to the reasons the Winklevoss ETF was rejected. In that regard, there is nothing interesting to about this. It's a non event, really.

If people are fully realistic, then it won't have any impact on the market. Another thing that helps is that this ETF isn't being fully jumped on by people as was the case with the Winklevoss ETF. No hype is no market sensation. I even doubt that the majority of the people know about this ETF.

I fully agree with that, but we must let people be free with the choices that they make. Most experienced Bitcoiners go for the ultimate safety and avoid whatever online wallet service, but that's obviously not the case with a lot people here that aren't looking at things from our point of view. People in that regard prefer convenience over the full control aspect. But the most important thing people should be looking at before signing up at whatever online wallet service, is that the service in question MUST provide you with the private keys. If that isn't the case, then people should avoid these services.

It's funny how people just blindly start writing and completely ignore this ^ post. Most wallets and exchanges by now offer to work with different units (e.g. mBTC, uBTC, Bits, etc). OP's question is redundant in that regard.

1. The average people don't really care about the technological aspects of Bitcoin. Only form of importance is; It must perform equally as good as fiat is doing (preferably better in case you want to convince people to adopt Bitcoin), and with Bitcoin that isn't the case. I doubt it ever will without the right implementations.

2. Services such as BitPay indeed allow merchants to accept Bitcoin as form of payment without being exposed to the volatility, but the problem is that there is barely any real world usage (in form of people spending their coins). Merchants don't have any real incentive to accept Bitcoin as form of payment. Look at PayPal for example, merchants don't really like the fact that they are exposed to the risks of people charging back on them, but the wide field of PayPal adoption makes them use it anyway. It's all about the numbers. Bitcoin for the most part is still an investment tool and not really a currency that people find worthy of spending. That must change.

The average people like PayPal because they can spend it basically in every online store instantly, plus they enjoy buyers protection. It gives them a convenient way of conducting payments, plus the security that they can perform a charge back in case they got scammed for example. Despite the dislike towards PayPal among a lot people here, PayPal is doing its job very well.

Correct. If you play at provably fair casinos, you can just dive into a specific bet and verify for yourself whether or not the casino in question has been cheating. In most cases people start their bets with very low amounts, where if they win, they raise the bet amount significantly, and lose after that. That's why you see a lot people complain that with low bets they "constantly" win, and that when they go big, that they suddenly start losing. That's how bad losers behave. It's not that difficult to figure out what risks you're exposing yourself to, so if they happen to bet, they must know that they can lose. But that latter part is somehow difficult to understand for these people.

You have a weird way of looking at the market. If the ETF disapproval would have affected Bitcoin a lot as you say, then why do we stay far above $1200 as a boss? And what are Chese exchanges? Chinese? So what? The market has moved past Chinese exchanges as they barely have any sort of importance after the sanctions put in place by the PBOC. The west is leading, not China.

Correction phase? I don't see any signs of a correction, really. You state that $1300 isn't a big deal, but apparantly it is in fact a big deal for you since you think we have entered a correction phase. The +$1300 peak holds no value since it was an artificially created peak to trigger market orders. If you discard this peak, then it means we are only $50 below the 'legit' all time high. In that regard, we are doing perfectly fine.

I personally don't see it as a problem since we can't expect the governments to sit back and look at how Bitcoin is growing larger without putting serious regulations in place. Bitcoin offers people freedom in decentralized form, and exactly that is something that gets all governments worried. In most cases the regulations put in place have no real effect on people using Bitcoin. The effects of these regulations might be felt when you try to sign up at an exchange, where they want more personal information from you than ever before. In some cases funds can be put on hold until you (re)verify yourself. That's why P2P services as LocalBitcoins have seen their volumes increase significantly.

I understand your point, but a higher price doesn't result in the fee to drop. Especially if you look how certain entities are trying to choke the network with rubbish transactions. It might be done to artificially push the transaction fees higher where some sort of an auction effect gets created (people outbidding each other with higher fees), or what I personally think, it's coming from an alternative side that just wants to make Bitcoin as it is look bad because it can't cope with all transactions.

That's the exact reason Bitcoin is not, and will not be a decent local currency tool. It's mind boggling that some people still think that it could help third world countries and all other related nonsense. People there drive on micro transactions, and exactly that is something that Bitcoin can't help them with, unless they are willing to pay big time (in relation to the transaction value) to have it confirmed. It doesn't make any sense.


Was it you that set up the transaction or a different party? If it was you, then you can perform a double spend where you happen to include a much higher fee. If this transaction gets confirmed, the other not confirming transaction will then get dropped automatically. It can save you plenty of hours waiting.

Gambling is most often a poor mans way of becoming rich, since it doesn't require people to have any significant skills or understanding of how markets are driven/working. However, the opposite result is the truth - instead of rich, they go from poor to totally broke. I totally agree when it comes that people are so easily discarding the extreme risks involved in gambling, but for them it's a "real" beneficial way of generating money. In that regard, they see no disadvantages.

You don't understand how things work, and also don't understand what an ETF is. If you buy yourself a certain postion into this Bitcoin related ETF, you don't actually own any Bitcoins, and thus it has nothing to do with the anonymity that you are referring to. Also, if person A invests in this ETF, it will have zero influence on person B that has not invested in this ETF. With or without ETF, you can just continue with whatever you were doing and still hide your coin stash from your local government.

The ETF is useful in the way that it would allow institutions to take a serious position into Bitcoin (even though they would not directly own Bitcoin). It would help the price to move faster to higher price levels, and thus be beneficial for basically every holder. But if you look at how things are without this ETF, then it won't have a single impact on how Bitcoin will keep moving further. It's not that this ETF is the only thing for people to hold on to. As long as there is demand, the price will continue to increase. Demand is all that matters. It makes everything else obsolete. Only important thing is that we need to up the block size as it's clearly visible that the demand has greatly outgrown the current poor 1MB cap.

Important point that people here don't seem to see is that the price shouldn't have reached +$1300 as it was purely done to trigger positions from most likely ETF speculators. It also explains the sharp fall in the same day. That's how you weed out speculators in the most effective way. Just forget about $1300 as it doesn't hold any value. Currently we are sitting at fantastic price levels, which is just $40-$50 away from the real ATH.