Title is a bit like "Hey click on me!". To me these 6 'red line' points look like a normal set of rules that should apply to basically every exchange. If you look at how exchanges (Chinese or non Chinese) have developed their platform, then it's clearly visible that they try to generate as much profit as possible with offering all kinds of fancy trading options, leverage, loaning, fiat trading, etc. It's no surprise that governments jump in to put proper regulations in place. In some cases the timing makes me doubt about their real intentions, but after all, it was to be expected.

Correct, but Bitcoin enjoys real world usage, while the only sort of usage that the top altcoins enjoy is all in speculative terms. Problem with these top altcoins is that they either set up a fake ICO where they "bought" their own coins for a large part, and the other made sure it possesses a huge amount of coins through instamine. All shady.

Bump.

You clearly have no clue about how trading works and how wealthy entities on purpose trigger buy and sell orders for their own benefit. Also, I am sorry to say, but only noobs expected the price to crash down with such intensity. ETF would be a welcome tool that had the potential to push the price sooner to yet unseen levels, but regardless of this ETF or whatever other tools, the price will increase anyway. It will only take a longer while, but that's all fine. People prefer a slower but more sustainable growth over pumps resulting in peaks that don't last very long.


Lol, you're mixing up things. I would suggest you to invest some time into knowing what trading is.

It says absolutely nothing. If you look at the top altcoins when it comes to their market cap, it's just the fact that pure manipulation makes their price (and thus market cap) go up higher than ever. The majority of the circulating coins from each top altcoin are in the hands of a very tiny number of people, and thus they can basically keep buying up their own coins continuosly and push the price up even further. In that regard, I wouldn't be surprised if more altcoins in the future will hit the $1 billion market cap, while the current top market cap coins will most likely hit newer highs.

It wasn't that people themselves dumped the price down to below $1000 levels. It was more the result of stop loss order triggering each other, where you see a short lasting deep red candle. I am quite sure that a wealthy entity has done that on purpose. Especially when you also take the massive green candle that resulted in a peak at +$1350 levels into consideration. It's a way to eliminate the "competition" (often referred to as small fishes).

The way you put it here, it seems that instead of blaming the people that abuse Bitcoin for whatever shady purposes, it's Bitcoin that is receiving your part of the blame. It doesn't work like that. Bitcoin is nothing more than a tool, where people are reponsible for how they make use of Bitcoin as tool. There is a general saying; Blame the people and not the tool.

Other than that, people often take the 'anonymity' aspect of Bitcoin a bit too serious. There are dumb people just buying Bitcoin from whatever exchange they are fully verified at, where after that they spend these coins to buy drugs or whatever other illegal goods. From the moment the coins are withdrawn from the said exchange, the exchange in question can follow every single step you set. You can be easily linked to the purchase of illegal goods, where in some cases the exchange can even play all this precious information to the government in case they are forced to do so. In order to avoid all these problems, you should run your coins through a mixer.

People are of course free to do whatever they think is right, but it's pointless to force yourself to use altcoins instead of Bitcoin just because you want to transact in form of crypto. In some cases there is no other option, but in general, you're better off just using good old fiat to buy whatever you want. I have been doing this basically since the very early days of me entering the Bitcoin world. The only way I prefer Bitcoin instead of fiat is when I transfer money from one place to another. In that case the fee is not of any concern to me as the benefit of the transfer of value greatly outweighs every other "negative" aspect(s).

False. Till this day, you can still send your transactions without adding any fees. It's only not a smart thing to do anymore as nodes simply ignore such transactions.


Back in the early days that was/could be the case, but not in current times. Right now the fees plus the confirmation times form such an obstacle for people, that there is no incentive to choose Bitcoin over fiat in local situations. Online is a different thing.


Fees cheap? If you consider $0.40-$0.80 as mediocre fee to be cheap, then we clearly differ from opinions.


Depending on where you live and how the jurisdiction in your country is set up, Bitcoin can in fact be taxed. The only thing is that you yourself must declare whatever you hold and made in profits.

People DO care about the ETF, but its importance in the larger picture is very minimal. Demand is the only real factor that matters for Bitcoin, and as long as the demand keeps increasing, the price will too. The ETF would be a welcome tool that would allow institutional investors to take positions into Bitcoin, so in that regard, everyone saying that it's a non event is basically an......  Scary sheeps are shaken out of the market, that's the good side of the ETF rejection.

Would it be nice to have an ETF? Sure, but the disapproval isn't bad news at all. Bitcoin will continue to grow regardless of whatever ETF. It has done so previously, and will continue to do so as the increasing demand is the most important aspect. It got hyped up, which is basically is a normal thing when something is about to happen. Bitter pill has been swallowed, and now we can move further. It was an over-exaggerated dump.

Problem with non Bitcoiners is that they don't realize what Bitcoin is capable of. They mostly don't even understand the basics, but still think to know that Bitcoin won't survive for long. It's ignorance from the highest levels. Let them say and think whatever they want, because at some point they will look back and regret not having taken Bitcoin seriously while it was still a tiny dot. Same basically was the case when Bitcoin was about to break through $100 for the very first time. According to various "experts" $100 was the ultimate top price for Bitcoin, ever. After that it would only drop in value due to the "hype" coming to an end. Look where we stand right now.

People never change. It was like this back in 2013, and today in 2017 it's still the same. Everything is perfectly fine when the price starts moving up, but as soon as it starts to correct (reason doesn't matter), people suddenly lose all faith and start expecting the worst, and start selling like there is no tomorrow, lol. Let these people sell their coins in panic, the market won't miss them. Coins change from owner and eventually land into stronger hands. That's how the market works. And later when the price recovered, these people will bravely buy back their coins at far higher levels than where they sold at.

It has no real value other than for statistical purposes.


You just like to spew around with unfunded arguments, do you... PayPal is a growing business with more than 200 million active users, and that number is constantly growing. PayPal offers people exactly what they want, and that's not something that can be said about Bitcoin regarding the currency aspect. WU can be overtaken in the way that Bitcoin produces more transaction volumes valued in USD, but that's about it. It won't impact their core business in any way.


Both PayPal and WU score a better level of usability and convenience than Bitcoin. You must not forget what makes PayPal and WU so interesting for users. Both are different platforms with features that Bitcoin simply can't offer.

If they don't know how to monitor it properly due to Bitcoin's unregulated nature, it basically means that none of the following ETF's will be approved. It's funny how they talk about monitoring as there are plenty of ETF's that have gone down and resulted in investors to lose millions. Where was the SEC in these cases? If they really were monitoring the markets as they claim, it would have been avoided. It's pure nonsense. They just don't want to see Bitcoin become even bigger.

If you're really in for the long term, then why do you question whether or not the price will ever recover? If you invest for the long term, you do that because you believe in Bitcoin's potential. If that was really the case, you wouldn't doubt about that. Not even a dump could change your mind, but it actually does. I think for now the advice of Soros Shorts is the best option for you. If you divest a portion of your coins at current rates, it will take off the heat and give you some breathing space.

What is wrong according to you? I already pointed out that you can send/pick up your money through WU points. WU point can be a WU branded shop where you can walk into, or just a postal office (or whatever other merchant type) that acts as a WU agent.

Bitcoin hasn't been any diffent so far. This ETF just adds a bit fuel to the fire, that's it. It's called hype. Same basically happened with the block halving last year. The hype before the halving was immense, and resulted in the market to shake up and down. But one thing is important to know, everything is just short term. If you look at the long term charts (ignore pumps and dumps), then you see that the long term doesn't get affected by all of these short term happenings. Just look where we are standing today.


Crazy times in Bitcoin are usually the most profitable times for traders.

Every time is a good time to send money through WU for people. WU enjoys the advantage that you can walk into whatever WU point and make a deposit, where after that a person can pick up that money from an other WU point anywhere in the world in form of cash basically a few minutes later. It's a premium service that people are willing to pay for. Tell me, what alternative does Bitcoin offer in this case?

Bitcoiners (not all, but quite a few of them) like to use Bitcoin as currency in local situations, but that's not really the case for non Bitcoiners. In order to attract non Bitcoiners to use Bitcoin as currency tool, Bitcoin has to offer them a similar, or even better currency experience. At this point Bitcoin can't offer anything of that. I am a Bitcoiner myself for many years, but I don't really feel the need to spend my coins instead of fiat. I choose to use whichever option serves me the best in local situations, and that's fiat. Local merchants will start accepting Bitcoin when they have enough incentive. Incentive will come when people take Bitcoin serious as currency, and that can take a whole bunch of years. Bitcoin as it is, is simply not a good local currency tool.