The masses don't have much of a say in the network due to how insanely large it already is, so I doubt it will change much.

It could however make wealthy entities compete with each other, which directly means that it works against existing players like Bitmain, Poolin, etc. People have always complained about the lack of miner distribution, well, this could be one effective way to improve the distribution.

No matter how many people here dislike PayPal, a lot of people outside the crypto realm aren't that unhappy. PayPal to them is purchasing stuff with confidence, especially with how people might not initially trust companies such as Bitmain. This is an effective way to counter the risk of losing money because the buyer is mostly always right with PayPal.

I think it's more related to the fact that you aren't actually using PayPal to sell crypto. The selling crypto to fiat part happens on Coinbase, where after that Coinbase credits your account with whatever the value was of your transaction. All you are doing is basically request a withdrawal of the fiat in your balance to have it be withdrawn to your PayPal account.

Additionally, they might have whitelisted Coinbase's PayPal accounts just so that they aren't flagged falsely.

It's far different from people legit using PayPal to settle crypto (including mining hardware) buys/sales. This is against PayPal's terms and they flat out will block your account for that.

There is no such a thing as a textbook parabolic move that we have to see.

2017 bull run was driven by insane demand for Bitcoin and from ICO investors aka gamblers buying Bitcoin to buy into an ICO. What we have seen happen this year is quite parabolic if you ask me. It's not a 1000% parabolic move, but 350% in a matter of months is up there as well. What asset has done the same in the last couple of years? Bitcoin did it twice where other assets have only been trending up at most.

I wouldn't expect anything from the market until we go back above the 200 daily MA/EMA. $7000-$7500 is very realistic to happen before the end of the month if we don't get above these averages quick.

We never had problems attracting new money. It just comes down to how the price of Bitcoin behaves. In Q2 of this year there was a lot money flowing into the ecosystem, which contributed to the massive increase we have seen. Fact of the matter is that capital enters when the market moves up. Currently the price action is so boring and bearish, that money is leaving the market.

Exchanges such as Bitforex will continue to wash trade, even when no one is using them. It's impossible to prevent them from doing so. The only thing you could do is start a petition to have index sites such as CMC remove them from their site. It would significantly reduce the exposure of exchanges like Bitforex.

If that was the case, all mixers would be useless today because no one would use a mixer if it was known that they will cooperate with any goverment asking for data exchange.

Mixers by default are illegal because they aren't just offering people some layer of privacy, but they're unlicensed money transmitters on top of that. If you don't want to be held responsible for something, then it definitely is not being held responsible for running an unlicensed money transmitting business.

Governments could just come up with extra allegations to make life impossible for you as operator of a mixer.

I honestly wouldn't recommend anyone to even buy mining hardware, unless people are interested in getting to know how mining works while acknowledging the fact that it will very likely cost you money instead of make you money.

Mining is interesting when there is a massive global crypto bull run, where the available hashrate of any coin just can't keep up with the price. It was like that back in 2017 and some months in 2018. What are the odds that we will face another bull run like that? It might never happen again.

I'm so glad that after my first (negative) experience with CEX years ago I never touched a single cloud mining contract again. Buy and hold the BTC is all I can say.

Even if the project or exchange you are sending your personal information to doesn't have any ill intentions, it doesn't mean that their way of storing your information is secure. In other words, there is always a risk of having their servers hacked, from where the hackers then end up selling your information to whomever it is that pays for it.

I am verified at Bitstamp and a few other services with a proven trackrecord, but I'm still somewhat uncomfortable today. Greed got the better of me back when I registered some years ago. If there was a possibility to undo it, I would, hence the reason I am no longer sending ANY crypto related business my ID and whatnot.

I can't roll back what I did in the past, but I can prevent further 'damage' today by not handing out my information anymore.

The way the SEC looks at Bitcoin is this; pumpy dumpy scheme of $160 billion is looking to enter a $4 trillion ETF market..... No way, at least, not without a proper regulatory framework.

Tether might play a role of importants too as to why the SEC is holding back on an ETF, and I honestly can't blame them. In no shape or form do many institutional players think a Bitcoin ETF would be a welcome addition, unless their bags are filled and they have an incentive to shill an ETF.

The best thing is that we never needed an ETF, and won't be needing it in the future. People just assume they do because they think institutions are forming a queue to enter. Vaneck's Bitcoin "litmited ETF" trust thus far has ~64BTC in it. If institutions were really that interested, the numbers would mirror that demand.

I wish you was right, but unfortunately, that's not the case. Most of the people around me feel it as their duty to pay tax, all because they think that otherwise the country will run out of finances. In other words, they are purposely serving as a cash cow and they're proud of it too, because it's their tax money that keeps the country up and running they think.

Common joes actually consider that to be a rightful punishment for tax evaders. They have been far gone already and can't be helped anymore.

I like the general thinking of Bitcoiners, because they don't only have a better understanding of economics, but they know they have the tools needed to actually make it work to their advantage.

What news are you expecting to make the price go up? Bakkt is already live. ETF's have been rejected and the Vaneck ETF proposal is withdrawn. I can't think of anything of realistic nature that will be able to increase the price. Bitcoin has to go up on its own with only a potential pre block halving rally in the pipeline.

This is where short them speculators aka gamblers will be seperated from the actual holders. I don't mind seeing one more brutal shakeout to cleanse the market thoroughly. Bitcoin has been kinda tame this year as far as crashes go. It's somewhat unusual after such a mad increase in just a matter of months. Perhaps that the worst price action has yet to strike upon us. If not, then that's even better. I rather see the price go up than down.

Perhaps that's what they taught themselves throughout the years. If you convince yourself that you're stuck in a situation with no possible way out, you will actually believe and act like that.

I'm not saying it's easy for the middle class to shift, but with will, dedication and education, a lot can be accomplished. Even if there is no possible way out of the tax rates the middle class is subject to, there are always other fields where you can get an advantage tax wise. People need to get over the believe that they are screwing over their country by avoiding taxation legally or "illegally".

Even such a thing as not declaring your cold wallet or physical Gold holdings helps. As long as you have obtained and stored them without any logs pointing in your direction, you're pretty safe.

The "train ticket" can be bought at various levels without losing too much long term growth potential. It doesn't really matter whether you buy today at $8000 or tomorrow at $10,000. If your focus is to see the price reach $50,000 or even $100,000 the few thousand you pay more or less isn't going to make much of a difference. Just make sure you buy. That's all.

The focus is to educate people on the workings of Bitcoin. The more people know about it, the more they understand what the actual value is that Bitcoin brings to the table, and thus are less likely to sell on a whim. We have enough get rich fast morons in this space already.

On top of that, investing in ANY asset comes at a risk, so it's not fair to expect people to feel safe investing in Bitcoin. Safe investments don't exist.

$8000 is somewhat similar to how the market reacted to the $10,000 level, so I wouldn't really consider it much of a positive sign if we go back to that $8000 level repeatedly.

Currently we're still under the 200 daily moving average, which we need to close above consecutively in order to at least have somewhat of a bullish short term outlook. $8565 is the level we have to close above, so as long as we don't see the price do that, there is little reason to be optimistic.

Low volumes, low general interest, etc make me quite confident that we have more southward price action to go through, especially with how there is still a $1500-$2000 gap between the current price and some important support averages/levels on the weekly chart. I'm going with the trend until it says otherwise.

10% a year that's shockingly high. I'm pretty sure that this form of business isn't sustainable at all.

It might even be an attempt to get regular fiat savers to buy USDT and hold it on an exchange as Binance just because of that crazy high interest rate. With how regular interest rates on savings accounts have gone far south under 1% a year, this is a smart move from Binance. One more instance of ignorance and greed that will lead to severe losses. It's doomed to fail.

With banks you know that you are dealing with an entity that won't likely run with your money or reduce it to dust, but come one, this is a crypto exchange ffs.

Not sure what country you're from, but social media platforms such as Facebook are looking to provide internet access to even the most remote places in the world, which won't only benefit themselves, but obviously crypto and the whole world economy. I'm looking forward to how this plays out because it has the potential to lift hundreds of millions of people out of poverty with some guidance.

https://www.wired.co.uk/article/google-project-loon-balloon-facebook-aquila-internet-africa

As for 5G being an opportunity for crypto, meh, not really. In some cases my smartphone shifts from 4G back to 3G without me actually noticing much of a difference. If 3G is working still fine for the most ordinary tasks, what is there to gain from 5G? In most cases people's hardware isn't even capable of fully utilizing the advantages 5G offers in terms of internet speed and latency.

Actually, no. We already use Bitcoin as currency, and that without asking a government for permission. Merchants can also accept Bitcoin without permission from their governments. If you start to wait for governments to finally give you that approval of use, you are not aware of what Bitcoin is meant to combat. Bitcoin is permissionless money.

In all honesty, I have not much against fiat as money on a daily basis. It works exceptionally well as long as you don't have too much long term exposure in form of savings. It's of course different if you live in a country such as Venezuela, but furtunately speaking, I live in Europe and don't have to go through the problems Venezuelans go through.

In the end, everyone has to decide whether or not Bitcoin is a good currency based on where they live, and what they need it for. In some cases fiat comes out as the better option, but there are plenty of situations where Bitcoin is the better option to go for.

It's a shame how reliant some people are on seemingly kind and helpful bank employees or financial advisors. It always starts of with them being very helpful to later on empty all their bank accounts and in some cases even empty their safety deposit boxes. I don't blame the victims in this case because they just didn't know batter. Now they know not to entrust their finances to anyone.

Agreed. Bitcoin requires more understanding of how to properly store it.

If people still mess up badly with fiat, they will guaranteed mess up with Bitcoin, or lose it somehow by mistake themselves. Bitcoin isn't the magical wonderpill to solve these problems. It will take years before average people know it works, what the risks are, and that there isn't anyone going to refund you in case you get scammed or send the wrong recipient money.

It's people's own responsibility to not get sucked into buying at the very highs of a bull run. Bitcoin is there for people to actually be used as money or a hedge against political/economical turmoil. If you gamble your way to zero by buying the peaks and sell the bottoms, that's your problem. It's a brutal and impossible to time market we're in. One should never forget that.

Bitcoiners don't owe the society anything. If the society is brainwashed where they blame Bitcoin for all sorts of nonsensical problems, then they have a problem themselves.

I find it way worse that the so called society is backing governments that continue to squeeze every penny out their inhabitants through taxes and whatnot. Tax money that is also being utilized to finance proxy wars.

I don't necessarily think Bitcoin's market cap being low or high is the actual problem, but the use of it. If Bitcoin's market cap is in the trillions, but people still don't use it for anything other than a long term store of value hodl (similar to how people use Gold), governments will not bother to start cracking down on it.

The part you quoted sums it up perfectly; as long as you don't have a reason to NOT use the dollar, the government is fine tolerating Bitcoin. Only when people are discarding the dollar and start paying everything in Bitcoin, and stores restock their shelves by using Bitcoin too, etc the odds will stack against the governments, and that's when they will pull out their banhammer.

Brad's words don't seem to be too aggressive, but the context definitely is. I sense a sinister undertone there.

How do you know that?

Education is key, which is something a lot of forum members are contributing to. A lot of what we read about nowadays can be debunked easily. If everyone was to take what news outlets report about at face value, this whole space would be a mess. They would control not only what you read, but also what you know about Bitcoin.

Important to take into consideration is that most news outlets are owned by entities with a great interest in what the market is doing, so they are incentivized to publish fake news to manipulate the market.