Nothing new or interesting to see on that chart. If the price goes up hard, then it can also come down hard. At this point it's either a dump as result of some one cashing out profits due to the market that is not able to sustain these prices for much longer, or it's a dump purely focused on triggering stop loss orders to cause a mini flash crash. Either way, the title of this thread is nothing more than an attempt to cause panic among less experienced Bitcoiners.

Regulations concerning exchanges in China are just a first step. I wouldn't be surprised if the Chinese government at some point wants to dismantle Bitcoin even to such a level, that miners will be heavily affected in one way or another. Literally anything can be expected from a government as paranoid as the Chinese.


Hardware is being manufactured in China due to the lower costs, but that doesn't mean every manufacturer of mining gear is in Chinese hands. Does it give them some sort of an advantage? Perhaps, but Chinese influence in Bitcoin is diminishing to eventually such a level, that other than their cost-friendly-climate, there is not much that gives them any sort of significance.

It's nearly impossible to reach consensus regardless of what side people seem to be vouching for. At this point the community and the miners themselves are split into several sides, where each side supports their own ideology. That's the freedom open source offers to people. In most cases this freedom is what gets praised, but it can also form a heavy obstacle as we are struggling with right now.

People knowing Bitcoin is just one aspect of the many. If you want to see people embrace Bitcoin as currency, you must realize that Bitcoin has to offer a better payment experience than what fiat is offering. Fiat expands its usability through all sorts of payment services, where these services allow people to enjoy all sorts of privileges (e.g. insurance on everything you buy, charge backs, etc). Bitcoin must perform significantly better (in currency aspect) will people ever want to prefer Bitcoin over the fiat related services they make use of.

Bitcoin users in China are of no added value to Bitcoin as they don't really contribute to anything. Such a massive country with more than 1.3 billion citizens, and the number of nodes there is just peanuts. Chinese are mostly only interested in Bitcoin as investment rather than actual usage of Bitcoin as tool. Also, now the PBOC has put serious regulations to work, it shows that the exchanges there are in fact not bigger than western exchanges. What does China at this point still have? Cheap electricity that attracts investors from all around the world to set up massive farms there. Take cheap electricity away, and bemmm, gone is China.

That. It was the exact reason of why traders from all around the world were joining Chinese exchanges. At some point it got so bad, that it basically was turned into a HFT playground. Every normal minded trader had basically no chance of surviving in such hostile market circumstances. These HFT literally squeezed out every penny from the market as they benefit from making thousands of micro profits every day. It doesn't matter anymore when or if these exchanges will allow withdrawals again, the market doesn't care a single bit about these exchanges anymore. It's the western exchanges that took over the lead, and rightfully so.

If you say something, it would be a normal thing to at least explain why the price will/might go down according to you. It shows you putting some effort in your posts instead of making yourself look like someone that is only interested in activity gains...


How can you not understand that there is more than a title that you must read? Other than that, CCN is a horrible "news" site that writes most of its articles because they are paid to do so. Their articles are most of the times filled with pure bias, which is the result of their greed. Not that other news sites aren't doing the same thing, but it's far less obvious in their cases.

Seriously, how will you justify an increase of around +$2000 per year from current price to reach the $10,000 level? It's impossible to reach such levels without proper implementations that will allow Bitcoin to cope with the growth. If Bitcoin grows larger in the coming year(s), and that will definitely happen, the more pressure the network has to deal with when it comes to transactions waiting to get confirmed. It's either paying a premium close to $1 to get your transaction confirmed within a few blocks, or you have to wait hours and hours if you don't agree to that.

Security while it's a very important aspect, is not what I consider to be a major threat anymore nowadays. Insider theft from employees is the biggest problem one could face. It's easy for exchanges and other services to blame hackers for the theft they themselves are responsible for. I always keep saying; if you are not the only entity owning your private keys, you don't actually own anything. It's an unnecessary risk that people expose themselves to.

Solution is Segwit. Only thing that miners need to do is signalling support for Segwit.


Confirmations take long to come through because people don't add a network-situation-appropriate transaction fee.


Altcoins barely enjoy any real world usage, and thus don't suffer from the same annoyances as Bitcoin does. It's pointless to adapt their "technologies" as we first have Segwit, and then Lightning Network to focus on. With both implemented Bitcoin has set a massive step towards being more future proof.

If a bank-like service pops up, it will most likely not charge any fees, but instead, it will attract people by offering a certain interest rate over their coins. This interest rate will offer a lot people enough incentive to hurry and store their coins within this service.


Bitcoin as it is isn't a good local currency that people can use easily to buy their daily needs. For that to happen certain updates need to be implemented first. Other than that, at this point the far majority of the people purely use Bitcoin as investment tool, and not as currency tool. It's also the mindset that needs to change here if you at some point want to see Bitcoin become a great form of payment.


Ok, and what are your efforts in this regard so far?

Regardless of the ETF, at some point we'll reach +$2000 prices anyway. It's just a tool that will allow institutional investors to come on board to accelerate the the process of reaching such price levels. Don't forget that we also have to fight our way through this whole nonsense block size discussion drama. Once pools start signalling enough support to activate Segwit, we'll start to see a real boost in price, and then say goodbye to sub $1000 for basically a very long time.

PayPal has a few major advantages that Bitcoin can't offer at this point;

1) Massive global acceptance.
2) Buyers protection.
3) Instant transactions when using PayPal balance.
4) No exposure to volatility.

In order for Bitcoin to interest PayPal users to at least partly ditch that service, Bitcoin must offer an equal level of world wide acceptance, and ease of use. Bitcoin at this point can't serve people in that regard. As long as that isn't the case, there is no reason for these people to hop over to Bitcoin. That's why I badly hope that Segwit and Lightning Network get implemented as soon as possible. It won't suddenly make Bitcoin superior to fiat related payment platforms, but at least it has then a solid foundation to keep developing further.

Long term holding is always a good thing, but that doesn't mean that you should discard trading (assuming you know how to trade and understand how the market works). Trading allows people to increase the number of their coins as the volatility lends itself perfectly for short term trading. Instead of sticking to one of the two options, you can do both holding and trading at the same time. Just put aside a certain amount of coins in cold storage for the long term, and use the other part of your coins and fiat for trading purposes.

It will be beneficial in two ways;

1) Your coins for long term holding purposes will gain value.
2) You manage to increase your coin count through trading, and thus gain even more profit.

The market quite often moves in a repetitive manner, which allows traders to easily exploit these price swings to gain profits.

Bitcoin can't prevent/support any form of crime. It's the people that happen to abuse whatever they can to accomplish their goals. I find it unfair that people and the media always easily point at Bitcoin when something negative happens. I don't really expect any different from the media with their anti Bitcoin campaign, but from a fellow Bitcoiner? Nope. Blame the people and not the tool!

Most merchants make use of a payment processor that takes care of everything related to the Bitcoin payment option. If the payment processor in question doesn't fully trust an incoming payment due to a low included fee, then they won't "credit" the merchant until that transaction gets its first confirmation. In that regard, as long as the merchant isn't being credited, the merchant won't send out what you bought. If you look at how soft local merchants were back in 2013/2014, where you could buy yourself something to drink and a hamburger, where after that you could just walk out and perform a double spend. It's not like that anymore. They will force you to wait till that first confirmation comes through now, which renders Bitcoin as local currency worthless in that regard. No one is going to wait possibly 30-50 minutes in a store to buy something.

I already thought why on earth would the SEC announce something in the weekend. It's quite amateurish from the SEC to make such a silly mistake (without any consequences luckily). Anway, nothing changes here as the eyes are as precisely pointed at the SEC as they were before this article.

I personally am not a fan of diversifying investments, but it can turn out to be a good move in some cases. However, you're referring to altcoins when it comes to diversifying your portfolio, and exactly that is something I can't see result in anything good. Altcoins function purely as extreme speculative trading options that you should only use as short term "investment". It's no secret that long term minded altcoin holders are heavily disappointed bag holders that have no other option than to keep holding as there is nothing more to lose.

This transaction accelerator tool has been running since last year. It very recently gained a massive amount of popularity when people were badly struggling with getting their transactions confirmed.



Basically yes. In a tweet ViaBTC stated that their hourly limit of 100 transactions was reached within 3 minutes, lol. If you want to include your poor fee transaction within their block, you basically need to spam the tool with your TXID and fill in the captcha.

Too new to invest in? In this article he also puts out an advice to investors to stay on the side lines for at least one year before investing in this ETF, LOL! Ignorance from the highest levels, and it also explains how people like this investment blogger always end up scooping up crumbs of bread instead of complete loaves. It shows that this "investment blogger" doesn't realize how much future potential growth Bitcoin has, and thus that the price will continue to increase as demand goes through the roof.