very WRONG!
the reason behind altcoins is pump and dump.
even if they weren't pump and dumps, what you said is still not the main reason for cryptocurrencies! the main reason is for them to be used. so they should have encouraged the users to adopt the coin as a "currency" which is in their name also. and encourage merchants to accept their coin as payment as some projects are  doing with little success.

it is simply because a trading platform doesn't care about anything except making profit. and the only way they make profit is if more people trade more on their platform so that the volume increases. hence the promotions,...

a project must be solid enough so that it is not affected by how people are using it! and also be free enough so that anybody uses it anyways they like.

I disagree.
at least with the "heavily" part. news is known to affect the price of  anything but it is never known to be the main reason for the rises and falls. for example there are times when a positive news comes out while market doesn't react at all or a negative news comes out while price continues to rise.

good advice as long as you don't consider positive news be equal to 100% chance of rise or same with negative news being 100% chance of drop. because they are not.

in other words news was NOT the reason for this rise.
I don't know this coin but based on your comment when a news comes out the price reacts right away. meaning if this small rise was because of the news then it must have started rising 3-4 days before the actual rise. so it must have other reasons.

no it won't be like stocks market, maybe some of them like apple or something like that but not quite the same because bitcoin is very different in the sense that it is a new technology that is also global while all these stocks are limited and majority of them are for companies that can not grow that much either.
bitcoin on the other hand is being adopted by the whole world and so far it has not reached any big adoption percentages yet so there still is a very long way to go before it even matures and reaches medium adoption let alone the final mass adoption. and that makes most of its potential as a long term investment.

then why are you here? and more importantly why are you buying a currency that is 100% controlled by the Chinese according to you? do you enjoy being a Chinese slave? maybe you do!

the fun part of it all is that you neither know what you are talking about nor do you care about it. all you see is the tiny amount of profit you are making all the while thinking if you spam on bitcointalk you can increase it
the funnier part is in the near future when you continue to go against the market and get crushed and lose the sum of tiny profits all in one go.

these two are not the only options!
in fact this may not be the best time to buy considering the small risk but it definitely is not a good time to sell! simply because the drops are over for now and price has dropped 80% already. selling now means you waited this long for a HUGE drop and waited for all the other sells to finish before you start selling!!!


there is no "account" in bitcoin and you can not measure the number of bitcoin users! the number of accounts on some exchange is not the best way of measuring it either.

if someone is really paranoid enough to do something like this then they must also be paranoid enough not to trust Electrum itself specifically its random number generator engine. for these people using computers is not a good suggestion.
instead they can use physical ways of creating their private keys using dice, coin flip,... there are also enough articles about how to use these methods too.

I have started using bitcoin in THE bear market which was after 2013 bubble. I remember that every day the only thing that I could think of was how lucky I am that price is coming down so I can buy more bitcoin with that extra fiat that I get my hands on every couple of weeks and I have been buying bitcoin ever since on the same intervals at different price levels to accumulate more before the big bang happens.

I think what you are describing is not about having a favorite coin. the problem is that some people are not trading but convince themselves that they are and that causes the problems. if you are investing then you must have a favorite coin, invest in it then ignore its fluctuations if you truly believe in its future even if you are wrong.

if you are trading then you can still have a favorite coin but holding on to that favorite coin when it is starting to drop is the mistake and then selling it when the drop has ended is an even bigger mistake and the biggest mistake is selling but not buying back when the drop is over!
you see, these little things are making the big differences. and I think people have to decide what they want to do. if you want to trade then be a trader and that requires being active in the market and going in and out as fast as possible.

"low" in a way is a relative term. and I have seen people confuse it with a dead market. for example there are many exchanges with low volumes out there which are working fine and I have had the best experiences of my trading on those platforms whereas I always had bad experiences with big exchanges because of a lot of issues including lack of support, slow servers,...
"low" volume in my opinion is not a problem as long as their markets are not dead which means as long as there are people trading on these platforms in those markets, it will be fine.

and to answer your question as it was mentioned for me the security and trust is the most important factors.

anyone who starts an article every time bitcoin moves somewhere around 5% will only prove that they have no idea what bitcoin market is and how it has been working for 10 years. they seriously need to open up a chart and spend 5 minutes looking at the history before writing some bullshit article trying to associate every tiny rise and fall with some arbitrary nonsense they can find in their yellow paper!
in short there was no actual "drop" to be or not to be because of what they are going on about here.

I agree with the first part of what Tytanowy Janusz said, during crises people are known to stay away from higher risk assets and bitcoin being volatile doesn't help that either so it surely is not the "ultimate hedge" against the financial crisis.

but bitcoin being what it is, has always been acting separate from any other market. for example when other markets are falling bitcoin has been rising in the past or vice versa. it always moves on its own and on top of  that being a global asset it doesn't take effects from local incidents that much.
so in my opinion in case of a financial crisis bitcoin would either not be affected at all or rise at least a little.

this is an interesting discussion if you think about it. the question that whether the current price is the result of what the buyers were willing to pay or is it the result of market manipulation.
the answer to the above question will give you the answer to whether bitcoin is below its fair value or not. then you can come up with your own analysis of what this fair value truly is.

in my opinion the current price is not a natural price that occurred due to demand but it is at this level because of market manipulation. which makes bitcoin under its true value. however I don't consider $13k-$14k bitcoin's current true value although it could have been possible if the dump never occurred. somewhere around $9k to $10k is my opinion for the value.

it is never an easy statement of "it is better to mine bitcoin". you can't say that without specifying at least a dozen variables and only one of them is the bitcoin price of that time! for example an uncommon thing to consider is the fact that you don't have to reveal your identity and risk going to an exchange and get scammed just because you want to own bitcoin. when you mine it, you will be directly rewarded with fresh coins that you yourself produce.
and of course obviously it is always about bitcoin price, the electricity cost, labor, cooling, maintenance cost,... for instance if you have access to cheap electricity then it is ALWAYS better to mine bitcoin.

China or better said news from China has always been weird towards bitcoin so this doesn't seem to be a new thing either. not to mention that plans for creating a government coin is nothing new either and China is not the only neither the first country to do this!
considering Chinese banks have been banned from using bitcoin ever since 2012-2013 it is time for them to start doing something. and that thing seems to be them creating their own centralized token.
it won't change anything with bitcoin's adoption in China though

when you start something based on an assumption first you have to explain where you came up with that assumption and then explain your reasons for it. and then continue with making a conclusion!
your assumption here is that "big mining farms are going to stop mining". so explain how you came up with that first. otherwise you are just a troll spamming this board... and people who have been posting so far are wasting their time talking to a wall!

bitcoin has never been anonymous so you can not say that it has  changed because tracking was improved! in fact the focus of bitcoin has never been anonymity to begin with although it can provide you with enough anonymity that can sever your purposes as a regular user (meaning if you are not a big criminal). all the tracking techniques aren't reliable either. they only can come up with a good guess unless you have actually tightly linked your bitcoin addresses with your own identity.

bitcoin is also a payment system that is solving one of the biggest issues that the merchants have been facing for years. the issue with charge backs and scams related to that. with bitcoin when a payment is confirmed (included in a block) it is finalized and there is no way the customer can scam the merchants. and I think this is one of the biggest benefits of bitcoin that people sometimes forget. and that is one of the biggest problems that fiat oriented payment systems all suffer from.

when predicting a rise you shouldn't just look at the market and what people feel like today. instead you should look at the potential of bitcoin and speculate about that. in which case you can see how easy it is to predict a "bull run" in the future. you either see the potential in bitcoin or you don't. If you do then you also see the big bull run coming.

can we really call this a bear market? a bear market is where prices continue to fall and it is best to sell than buy. what we have in bitcoin was a bear market at least 4 months ago and it ended then we had an unexpected and unexplainable drop which evaporated the buy support and price dropped to a lower price. I don't call that a bear market.

as for the comparison I think these types of comparison are not exactly the best. for example comparing bitcoin with fiat makes sense because you are comparing two forms of currency but comparing bitcoin to gold doesn't since gold has not been a currency for centuries.

it is a matter of experience. you can't say which one is better than the other when it comes to trading. they both have pros and cons of their own too. for example bitcoin is more volatile while it is more profitable. but stocks are less volatile and less profitable while at the same time they have risks of dropping hard like these days.

for someone who has spend years in stocks market and traded them so he has a lot of experience: stocks

for someone who has spend a long time in bitcoin market and traded bitcoin so that he is familiar with how it works: bitcoin

for someone who has no prior trading experience and has never been in any market: neither!