Not yet. That however, doesn't mean we can't dip slighly below $1200 for a short time. I expect the price to remain its position between $1180-$1280 until we know what the result of the ETF is next Saturday. From that point there are two scenarios possible;

# ETF gets approved; Short term peak to possibly $1400, where after that the price will likely settle somewhere between $1100-$1200 for a while.
# ETF won't get approved; Short term sell-off to $1000 as ultimate bottom.

Whatever happens, just ride the market and benefit from the given opportunities.

I highly doubt that. But just out of curiosity, who are these *many* people that generate themselves a fixed form of income through trading?


These guides are nothing more than a reflection of how the people that have written these guides look at the market. It doesn't necessarily means their vision will help you in becoming a better trader. Every person has a different way of analyzing the market.


That's why the far majority of the people only lose with trading... 

Miners can't demand anything from the market when it comes to the price, unless they themselves are heavily involved into artificially keeping the price at certain levels to keep their operations profitable. If the price sinks down to levels that pools can't have their hardware running in a profitable manner, they either temporarily shut down their operations, or keep mining and use the buffers that they have been building up in a profitable situation to cover current losses. The latter example is the most likely one as shutting down hardware is some sort of a last resort action. If the pool in question is covering a decent amount of the total network hash power, then shutting down will result in the difficulty to drop, and potentially have other pools put more hardware to work in order to benefit from the decrease in difficulty. And that will result in the difficulty to climb up again.

5 cents per hour? You'll need to farm your way through a massive amount of faucets to come even close to that number. $0.05 equals around +-4000 satoshis. At current price you need to be lucky to even scoop up around 100-150 satoshi per faucet, per hour. It's a pure waste of time and effort for basically every person. Yes, even for people living in third world countries.

Up of course. Especially when the ETF gets approved. It will get covered by the mainstream media basically everywhere in the world. It's positive news that people will see, instead of the negativity that media channels usually tend to spread when it comes to Bitcoin.


Just adapt to the situation by including proper fees, and you won't notice much of a problem.


Transaction times are near-instant. I assume you refer to the confirmation times that may take longer than usual to come through, because people stick to the low fees they have been using since way back. Again, just adapt to the situation by including proper fees.


This has only effect on altcoins "battling" against each other, and not on Bitcoin itself.


At this point only a fake hack (i.e. inside job) of an exchange can get the price to sink that deep.

No one beside people getting paid by him support his ideology. Let him put his wealth to waste by keeping up the spam attack against the network, and financing people to host nodes to artificially bump up the BU node count. It's ridiculous that some one who was highly appreciated at the very beginning, is now the perfect example of a rampage troll that is doing everything to make Bitcoin as it is look bad.

Definitely an unexpected event, but at least good that there is more power to work on making the forum a better place. However, I would actually prefer an existing staff member to get promoted to global mod as it takes an awful lot of time to get something done when staff members don't have the ability to act as the account level from reported posts from users are too high for them. I quite often reported obvious threads that needed to get moved, but nothing was done even though global mods were quite active. Some times it takes 8-10 hours to get something done...

I don't rule out other aspects as being a part reason as to why the price is going up, but the ETF does play an important role here. If this ETF gets approved, expect a well sized influx of institutional investors standing in line to buy themselves into this ETF. Without capital from institutional investors, expect nothing close to $10,000, ever. Their money is needed to bring the Bitcoin market to the next level.


It all depends on what the SEC will do next week. If the ETF awaits approval, then we'll leave behind $1300 to go over $1400 with perhaps a near touch of the $1500 level. If the ETF gets disapproved, then expect a dump to happen where we might even see the price dive well below $1100 again. Market action guaranteed this month for traders.

You should allocate a certain amount of coins for each option (e.g. trading, holding, investing). In that case you will benefit from several situations at the same time. That's also what I do - except the investment example. I have different wallets containing a certain amount of coins purely for trading purposes, and different wallets that I have for long term holding purposes. Why focusing on just one thing when you can do more things at the same time? Never limit yourself when you don't have to.


People mostly jump into altcoins at the time the Bitcoin price is going down, and vice versa. That very well explains why altcoins aren't doing well currently. Dash is definitely an exception as they have seen the price explode in value to insane levels. I must however note that you shouldn't focus too much on Dash as this pump (because that's what it is) won't last endlessly.

It doesn't matter what the current price is when it comes to trading. All that matters is the market that is moving in a frequent manner as the volatility allows people to trade comfortably. If there is no volatility, then it's not worth it since the fees exchanges charge don't allow you to benefit from even the slightest price movements as was the case with Chinese exchanges at the time they didn't charge any fees. The only thing that matters for traders is volatility.

Bitcoin is more than just a currency tool. Nothing wrong with people just using Bitcoin for investment purposes or as store of value. In that regard, there won't be a time with no transactions unless Bitcoin becomes completely obsolete and people simply move on to something else. That's the exact reason why updates as Segwit and Lightning Network will get (or might get as the situation is still uncertain at this point) implemented. That's the beauty of Bitcoin's open source nature.

I definitely understand your concern, but apparantly sellers are willing to take that risk as PayPal offers a great level of adoption throughout the major part of the world. It means that the chances are greater to have people buy something from them as it's very likely that they have a PayPal account. Merchants, and sellers not from a professional level just want to extend their reach by offering people enough payment options to settle purchases. And then we have the buyers - they love PayPal because they can basically shop and buy things from all kind of places/platforms where they enjoy buyers protection in case something goes wrong. That's exactly the reason that PayPal to this day is still growing.

May I know what country you're from since you say that earnings through signature campaigns are more worthwhile than your main job? I find it pretty doubtful that one account participating in a signature campaign is outweighing your regular job (unless you're working for $1-$2 per day). This is not an attack or so, I am just being curious to your situation.

ETF's will at some point become a normal thing in the world of Bitcoin as there are more ETF's in line that potentially might get approved. Right now all the attention is pointed at the Winklevoss twin's ETF, but even if it doesn't get approved, then still, there is more to come. If the price is going down as result of the decline, then don't see it as something negative, instead, use that opportunity to scoop up more coins at lower rates. The price will recover again to current levels and continue to rush further.

Bitcoin as network is unstoppable, obviously. If you purely focus on what governments force exchanges and other services to do, then it's a different thing. It's not that Coinbase is forced to stop, but more that they consider complying with the rules that apply in Hawaii not outweigh the benefits of doing so. The only easy way to deal with the situation then is to simply halt their operations there.

In a perfect situation SW and LN will be what will drive Bitcoin faster than ever to mass adoption since it then is able to compete with the centralized big boys. But we all know how diffitcult it is to reach concensus among pools to even accept SW, how will that be with LN which certain "high level entities" and pools also don't seem to be a huge fan of as they believe it isn't Bitcoin anymore. For now it's waiting to see pools reach consensus to see how Litecoin adapts to SW once implemented. But again, reaching concensus forms a familiar obstacle...

WU and MG could very well incorporate Bitcoin without their profits suffering too much. It's all about the fees that they generate when it comes to their core business model. If Bitcoin turns out to be far more popular than the regular activities of both of these services, then they will still benefit as they scoop up the fees from the increased Bitcoin usage. One way or another, if they generate fees and manage to realize growth, then it doesn't matter where it comes from.

Chinese exchanges are already losing their significance, but if this continues, then you can bet on it that people will look for other ways of obtaining Bitcoin. P2P is still in its early stage in China, but if regulations will force Chinese exchanges to tighten their policies to more extreme levels, then it will only push people away from them, where they will give the P2P market a massive boost. One thing I am happy with, is that all these regulations won't harm the price of Bitcoin anymore. China sinks, Japan is about to break through.

Fud is nothing more than a handy "tool" to cause panic. Everyone here knows how fud coming from China has turned out to be a great way for people behind the scenes to get the price to sink real HARD. Right now any sort of fud coming from China will be taken less serious as their exchanges aren't leading the market anymore like they used to do. It's now the western exchanges that are directing the market to new highs. At some point we'll reach a stage that only hacked exchanges where hundreds of thousands of coins are stolen, can cause the price to sink unexpectedly.

It's not that big of a deal if you just stick to lower (<$1000) amounts. I send money quite regularly in form of Bitcoin, where the receiving party converts it to fiat as soon as it got a few confimations. So far he didn't report any issues from both the bank he receives the converted money into, and his local government.

The only ever problem I faced was when I made a cashout request from Bitstamp to my bank account. I received quite a long letter from my bank stating I have broken their policies by abusing their service to receive money related to Bitcoin. I either had the option to stop using whatever form of Bitcoin related services in combination with my bank account, or they would directly halt my bank account. I chose to ditch that bank and transfer all my money over to another bank. I don't let any entity tell me what to do.