Bull run or no bull run, eventually the price will surely hit the $2000 since it's only a matter of time. However, the ETF approval might give the price a significant boost as it will allow institutional investors to enter the market. The effect of money from these investors flowing into Bitcoin should not be underestimated. If they jump into Bitcoin by great numbers, then even $2000 will be considered peanuts in the long term.

Gambling must never be seen as an option to make money. It's utterly stupid to start gambling with such intentions, because as you also said, it just doesn't work. Why doesn't it work? Because the odds you are battling with are always miles ahead of you. Some people say that they have won a decent amount with gambling, but what they don't tell you is how much they lost before they finally managed to win. In general, occasional winnings don't even compensate 5% of what they have lost before that. It's a losing game...

I noticed that too, and I see it as something good since Japan has shown to be far more Bitcoin friendly than China has ever been/will be.


It doesn't matter anymore since Chinese trading has lost its shine. China was interesting for traders due to the zero trading fees, which allowed high frequency traders to demolish the market with their reckless gambling behaviour. Right now the western exchanges are making up the market direction and China just follows quietly. We can thank the PBOC for destroying something that needed to be destroyed a long time ago.

Manipulation and everything was being caused by high frequency traders exploiting the zero fee platforms, and thus could recklessly make the price go up and down to their heart's content. In fact, it made them look far more important than they actually were if you look at the situation now. Chinese exchanges are now nothing more than what western exchanges are. I even tend to say that they are less than western exchanges, since a few of them (previously the undisputed nr1-2 with millions BTC in volume every day) fail big time to generate decent volumes.

That's how it is when you make use of centralized services to 'protect' yourself. You don't only have to worry about the exchange itself, but also the service that happens to offer exchanges 'protection'. It's once more a signal that people should STOP storing coins on exchanges when they are not trading. It's not for nothing that plenty of exchanges have opted their users to directly change their passwords.

5000 is not that big of a deal as number. We all know how easy it is for an entity to host hundreds of nodes from datacenters in order to gain a fair share of the total node percentage. Especially if you team with with others that do the exact same thing. It may turn out to be an expensive practice if you happen to keep them running for a long time, but depending on what the intentions are, it might turn out to be a worthwile action after all.

Regardless of what's going to happen, never wait for something actually to happen! In most cases the market moves up or down in advance of a certain event, which results in barely any market response after happenings that took place. The same was basically the case with the block halving. Everything happened before the halving, while people were expecting the price to rocket up directly after the halving took place. Always anticipate by entering the market far before something is going to happen.

Trezor at all times requires you to recover your coins through another device. Without another device it's impossible. I just looked into the recovery process of the Ledger wallet, and they indeed offer recovery without actually needing to buy another piece of hardware. It only requires you to run the BIP39 tool where you then enter your mnemonic and set some parameters, and you have your private keys "decrypted". I wonder why this isn't possible with the Trezor wallet... I'll dive a bit deeper into it.

Point is that people are free to do what they want. If they think it suits them better to hop over to an altcoin because it offers 'more' than what Bitcoin can offer, then let them go. Bitcoin will grow as a Gold 2.0 asset which lends itself perfectly to be used as store of value and as an investment tool. It's even a perfect money transferring tool. Who care's if people make use of altcoins just because it will allow them to enjoy cheap and fast micro transactions. Fiat offers a superior transacting experience already, so the need for crypto as local currency is nothing more than a fantasy in people's minds.

Bitcoin market cap (+$19B) at current stage can still be seen as peanuts considering that the wide public doesn't know that Bitcoin is basically the perfect store of value tool. Especially when you consider that governments are doing everything to push away their people with all kinds of ridiculous laws and policies. As always governments hide themselves behind the same old bs that they do it to prevent money laundering and financing of terrorism. You must be a sheep to believe that nonsense. It's only done to tighten the control governments have over people their lives even further.

I doubt so. Bitcoin reached over $1200 and the mainstream media news channels/sites have not said a single word about it. Only small hobby/less professional news sites have reported about Bitcoin having set a record price. But then again, this will obviously get seen by traditional/high level investors, which I consider to be more of importance.


No matter how severe the dumps look in that graph, they are all short term and don't impact how the price is going up in the long term, as the charts posted here clearly shows. Bitcoin is strong due to the constantly increasing demand. Whatever dump we'll be experiencing, know that the demand will eat through all of these dumps eventually.

You state your bid price in BTC but you only accept the dollar equivalent in PayPal I assume? I only work with Bitcoin, so if you accept Bitcoin I will open the auction with 0.05BTC.

If you buy yourself an antminer s9, 14TH/s priced at $2100 (which happens to be sold out right now), then you'll be able to generate around $9.40 per day, which after all costs you probably end up having a net profit of $3-$4. At current difficulty and exchange rate you'll be able to generate about $90-$110 in profits per month. But it's no secret that the difficulty has only been going up, which will result in your rewards getting lower and lower after each difficulty adjustment. Then you also depend on the price to remain it's position at current levels. I must also note that there is no power supply included when buying an s9. It will probably add another +$100 to your initital investment into this piece of hardware.

Most people have no clue when it comes to "trading" altcoins as they just enter the market at a certain price, and then just hope that the price will go up. If the price goes down after that, or the price remains stagnant, they just take out their money and put it into a different coin hoping for more success. In that regard, it's basically a gamble - you depend more on luck rather than actual experience or market analysis. Another similarity with gambling is that these people always lose in the long run.

These articles are purely titled this way to attract people to click on them. Bitcoin has plenty of interesting and useful features, which doesn't directly mean each feature is perfect, but at least it gets the job done. Especially when you look at the currency aspect of Bitcoin. Example; Bitcoin as currency is less interesting to use when it comes to you daily shoppings, but it's a perfect currency tool that you can use to transfer money from one place to another. It also depends on how you use Bitcoin. These articles are just pointed at gaining ad income, so take them with a grain of salt.

It will create a great feeling of relief once we smash the Gox ATH to pieces. I think Mark is still looking proudly at the charts that the price has still not broken through *his* artificially created ATH.


Even at the time frame you're referring to it was still difficult for people to cash out funds (cashing out BTC was next to impossibe). In that regard it should have been clear far earlier that this exchange should have been avoided. MtGox was releasing funds every now and then to keep the impression alive that they do process cashouts, while in fact it was utterly difficult. Those that MtGox let cash out are the lucky ones.

If intense buying is happening where it results in the price going up higher and higher, it will be inevitable that at some point a severe correction will take the price back down again. It's Bitcoin that we are talking about after all... Just look at the dump that took the price down with ~$110 in one go. That was a serious bit of profit taking. Advantage is that the person(s) that were responsible for this dump have cashed out profits, and thus they don't form an obstable anymore.

It just depends on how far the current increase is based on what will be happening with the ETF on the 11 of March, next month. I think the uncertainty that governments cause within their economy is what is pushing people towards Bitcoin. They take positions into Bitcoin to store (secure) a part of their wealth outside the banking/governmental system. It creates great demand for Bitcoin which isn't likely to decrease any time soon. If the ETF doesn't happen to get approved and the price falls as result of that, then it will be nothing more than a short lasting dump. After that the price will continue it's way up.

Yup, China (trading-wise) is nothing more than just one of the others, where there is no role of significance anymore. I think it was about time that Chinese exchanges would be put to a stop as their manipulation was more than annoying and holding back Bitcoin's growth. It should give all holders a massive amount of confidence knowing that the reckless gambling behaviour of the Chinese exchanges is now nothing to be worried about anymore.

If you're purely focusing on IWT then it's obvious that they will fail to compete with Bitcoin, but that's not really the case with (yup, centralized) payment services that allow you to instantly transact with each other within their eco system. PayPal for example is doing quite a decent job in that regard. If you are looking to transact with your relatives or when you buy/sell something, where you use your PayPal balance as starting point, then it basically delivers you exactly everything you want (e.g. instant payments, security, etc).