It's a fact that the demand for altcoins takes a certain amount of Bitcoins off the circulating market, but it's simply impossible to know what exact impact it has on the price other than the obvious fact that it is positive. I think it's safe to say that the total number of Bitcoins purely being used in the altcoin market is at least a few hundred thousand. Everything that helps in getting Bitcoins off the circulating market, helps increasing Bitcoin's level of scarcity. That's how it works in a market depending on supply and demand.

If you already know that exchanges can mess up big time, and are not a safe way of storing coins, then why do you even mention to store it there? Doesn't really make sense. No matter how big or trustworthy an exchange is, offline cold storage where you are the only entity holding the private keys is the only way to go. Better safe than sorry, right?



Casascius coins are basically doing the same as what a paper wallet does, but the difference here is that the private key is sticked to something a bit more good looking.

By far not. I think the current price is holding strong just because of this ETF. If the price continues to move further up in current pace, then we might very well see a strong support base just above the $1100 level till the approval date. Perhaps that a few days before the approval date we might see a nice large green candle as people act in advance just to not miss out on further growth. I must however remain realistic and accept that if this ETF doesn't get approved, that we'll fall back to far below the $1000 level.

This ETF is great news for institutional investors, but not so much for the average people not having found their way to Bitcoin yet. Institutional investors have mostly avoided investing in Bitcoin due to the incompetent and amateurish nature of current exchanges. I can't blame them for that as we all know how good 'our' current exchanges are in messing up big time. But this ETF once approved will have a massive impact on the price (whether or not it will be felt directly remains to be seen). Don't forget that there are more ETF's that we will see pop up in the coming years. Winklevoss ETF isn't only one. It must feel great to be a Bitcoin holder, isn't it?

What you say doesn't make any sense... There are no issues with the blockchain, and thus there is nothing that has been fixed. The only issue are the stingy people that don't know how to adapt to the situation where mempools are stacked with large amounts of transactions. In this case, adapting to the situation is to add appropriate fees where you pay attention to the fee/byte ratio. Not sure what desktop wallet client (or online wallet) you are using, but in case of Bitcoin Core, it will give you a fee estimate as to what it thinks is appropriate according to the situation and your transaction of course. It doesn't mean you are forced to go with what the wallet client suggests, but it's either that, or you being stingy with fees where it results in many hours of waiting.

https://bitcoinfees.21.co/

Tor is indeed no longer the illegal safe haven, but people still don't seem to realize that. Same basically goes up for people fully putting all their trust into the "anonymous" nature of Bitcoin to hide their activities. Especially when it comes to dealers just having made their entrance in the Bitcoin world. They sell their stuff for Bitcoin through whatever deep web market, and then cash it out via the exchange they verified themselves at. How stupid can someone be... Other than that, Tor integration will not do anything for OpenBazaar when it comes to gaining popularity among the regular people.

I am not that excited to be honest. It's just growth that is (possibly) the result of the soon to be approved (or not of course) ETF from the Winklevoss twins. Just don't start with counting profits already. Especially when you consider how easy it is to go back to just under and above the $1000 level movements. The PBOC still has a massive impact on the price, don't underestimate this factor just because the price is going up, because as I said, the price is back at flat $1000 before you know...

Bitcoin is perfectly suitable for short and long term investments. I think Bitcoin has already proven this, don't you think? Only noobs and high on weed dreamers expect Bitcoin to show such insane returns. Everyone with common sense and some level of market understanding know that at this point such returns are not possible. It's not 2012/2013 anymore.



 

No matter how much you support something, you must admit that in some cases Bitcoin does have its cons. Current fees make Bitcoin not usable as micro payment tool, which for me personally isn't a problem, but considering how many people here deal with $1-$2 value transactions, it's a big con. Confirmation times form another con. Uncertainty about the endless drama regarding the block size increase isn't helping either.

I think the most logical step would be to lower the support percentage required to reach consensus among pools. But even if so, then it will still be difficult to reach the adjusted target. It's mind boggling how pools are holding back Bitcoin's growth with all their nonsense. Supporting Segwit is the only right decision. If you support anything other than Segwit, you're basically supporting an outside entity to force through their potentially poisonous way of handling/thinking.

Bitcoin is upcoming and growing, so in that regard it doesn't surprise me a single bit that Bitcoin is outperforming all sorts of assets. It won't continue to happen for ever, but for now we can enjoy being part of something revolutionary at what I still consider to be an early stage. At this point it's too early to say something about China's 'leading' role. It's just waiting for what will happen once withdrawals will get activated again. Other than that, I am closely following all developments in Japan. It's not for nothing that the volumes there have been increasing lately.

Despite the fact that certain altcoins rock plenty of features, they are still seen as a joke by serious investors and people. Especially in a time where greed is the only factor of importance when it comes to altcoins. Their only purpose is to serve as get rich quick tool for people behind these coins. It's impossible for an altcoin to replace something (Bitcoin) that has everything people want/need already. It directly wipes out the 'usefulness' of altcoins. Features that altcoins offer are nothing more than gimmicks that are not getting any real world usage.

It doesn't come as a surprise which may be the exact reason the price doesn't show any shock effects. I wonder what traders from abroad will do once withdrawals will be enabled again. It makes no sense for them anymore to make use of something they were only using because of the zero fee trading platform. I just hope they won't slowly flow into Bitfinex. This exchange has no credibility anymore after what happened last year.


6.6 million Yuan is just $960K and less than 1000BTC, which I consider to be an insignificant amount of coins. It will only say something when this number will constantly increase in the coming months. If not, then it was just a very quick/short "boost" of the volumes there.

Bitcoin is whatever you want it to be. If you want to use it as currency, then it is a currency, if you want to use it as an investment, then it's exactly that, etc. That's why I find it weird that you say Bitcoin is this and that, but totally discard its usability as currency tool. It's perhaps not the most convenient way when it comes to using it as currency in local situations due to the steep fees and confirmation times, but it serves pretty well in online circumstances.




 

Bitcoin has definitely a higher than average risk, but that doesn't mean high level investors will avoid investing in something as Bitcoin. Don't forget that Bitcoin does have a massive amount of potential growth that it can realize in the coming years. If you understand that as investor, then it's basically an easy choice to add Bitcoin to your portfolio. I myself am not a fan of diversifying investments, but the majority of the regular investors are, and thus don't mind adding a speculative investment option with so much potential.

It's a fact that the house always wins in the long run, so if you plan to invest in bankrolls (of course from legitimate and trustworthy casinos only), then your chances of getting some sort of a return are pretty high. I however don't have much knowledge when it comes to how the returns are being calculated, how the payouts are scheduled, whether or not you have your money stuck in their bankroll for a certain amount of time, etc. For me personally, I must at all times have the ability to liquidate my investment. If that's not an option, then it's a definite no go for me.


It highly depends on how long it took that person to gain that profit in order to consider it a risk-time-worthy investment. That 1BTC is a combined profit coming from all 5 casinos, I assume. If so, then there is the question of what casino made him the most profits, and what casino made him lose money (if that happened).

It's pure manipulation. If you just spend a few minutes on analyzing where these nodes are hosted, then it's fairly easy to assume that they are being controlled/operated by just a few entities. It doesn't take much effort for one to host plenty of nodes from a data center. We have seen the exact same thing happen with other alternatives, and all have at some point given up because it costs too much to keep them running for a significant amount of time with that many active nodes.

If it was Europe that we were talking about, then you could have a good point, but it's China that we are talking about. In most cases they know very well how to calculate the danger of certain projects, sites, services, where they act directly by imposing a total ban. Back in 2013 would be a perfect opportunity to force through regulations when the price reached an all time high and the usage exploded. I highly doubt they just started with realizing what Bitcoin is capable of.

Bitcoin is seeing its adoption numbers increasing every year, so more people finding their way into Bitcoin means more services that will pop up. You can't blame them being willing to benefit from a growing industry. If they happen to offer the same as some other services also offer, then the competition between these services will be a benefit for the users at the end. Competition means that they will have to lower their fees, and also improve their service to make them a better choice. I don't see anything negative here. Don't forget that you don't have to use it if you don't want.

Point is that you should only invest money into Bitcoin that you surely know you won't need in the coming years. If you buy Bitcoin, and you for whatever reason might need the money and sell as result, then it's probably money that you shouldn't have invested in the first place.


That's the exact reason kwukduck and his army of shill acounts/bots keep trying to convince newbies into believing his utter nonsense. That's why it's important that everytime he creates a thread hammering Bitcoin down, that you counter his nonsense with strong arguments. It's just pathethic that someone is willing to go that far. I just wonder what did drive him to behave like that, there must be a reason.

It's about storing coins safely for most likely the long term, so the only feature that people want to make use of is having their digital wallet files secured, and with another bit of software encrypted for extra security. It makes no sense to hop from wallet to wallet in order to make use of different features just for the sake of trying out. Storing just requires one simple feature, and for that you just need one simple wallet client, which in my case is and will always be Bitcoin Core.

Other than a wallet client, you can choose to have your private keys printed on a piece of paper (often referred to as paper wallet) and then laminate it with strong plastic for extra durability. But there are several factors that play an important role here (and also with wallet clients) when it comes to the security at the time you set up everything. Malware forms a massive threat, which is why a lot people seem to have switched to a hardware wallet. In this case it will cost you money to purchase one, but people seem very satisfied afterwards.