Bitcoin and people panic selling somehow are closely connected. Reasons being that they either invest with money they can't afford to miss in their personal life, or they simply invest with borrowed money. In both cases people already feel uncomfortable when looking at how volatile the price has been. If people would only stick to investing money they actually have and don't directly need in their personal lives, then it removes a massive amount of weight off people's shoulders. It allows them to trade more comfortably, allows them to (in most cases) avoid making irrational decisions, etc. That's why I am glad the major Chinese exchanges have kissed their margin activities goodbye.

Chinese high frequency traders will of course not be happy as their major source of income is being cut off by the PBOC. Margin trading was indeed very popular. Even so popular, that the major Chinese exchanges could afford to offer their traders zero fees for their regular trading platform. Now margin trading is something of the past in China, it's time for people to realize how much we have been tricked into thinking that these exchanges were generating that much volume. https://bitcoinity.org/markets/list But this is a great win for every other person/trader/investor/holder/etc.

Bitcoin is maturing, so in that regard, the further we are, the lower the intensity of the price swings will be, and the lower their frequency of showing up is. Especially now the PBOC has put a stop to margin trading in China. But to come back to your question, yes, it's still worth to trade. I never force myself to constantly do daytrading as it's just a waste of time in days with no volume and volatility at all. That's why I keep waiting patiently for heavy dumps that trigger massive amounts of panic in the market. That's when I start to wake up. Now with Chinese exchanges being subject to fee based trading, the volatility will most likely slowly diminish even further. But still, trading will always be a major point of Bitcoin. People should only lower their level of profit expectations due to lower volatility.

Chinese whales moved to "global" exchanges that don't charge any fees? I highly doubt that. But feel free to point me towards these exchanges so I can look at how they are doing.


Only noobs are afraid of Bitcoin getting banned in China. China knows exactly what Bitcoin is capable of, and what potential growth it can realize in the coming years. If they ever wanted to put a total ban on Bitcoin, it would have been done already, trust me.


It has nothing to do with China "appreciating" Bitcoin that the price is going up. People just slowly start to realize that the PBOC actions are the best that happened to Bitcoin in quite some years. No more reckless gambling with borrowed money, where the price is constantly shaking from one side to the other. No more free manipulation of the markets as fees are implemented now. Only benefits.

It may seem like a handy added benefit, but I personally don't see much value in it. It doesn't matter how much they analyze deposits to determine the probability of getting a confirmation as it still can be bypassed in some cases. In case it does get bypassed, and the person in question has "these" coins being credited to his account directly and start executing orders, what if later turns out the deposit in question won't confirm and is double spend elsewhere...? Will they roll back everything as they did back then when someone accidentally bought the price up to $2200 there? Probably yes.

I think it has more to do with the fact that most people here only use Bitcoin for sending and receiving transactions, where they purely base their opinion here on that. In that regard, it's Bitcoin the transacting tool versus PayPal the other transacting tool. These people don't realize that Bitcoin is much more than just a tool that allows people to transact with each other, while PayPal is nothing more than a payment platform. And yes, I also don't see a point in people constantly hoping for Bitcoin to replace/overcome whatever other financial institutions. If you look at the world population, then the far majority of these people are nothing more than sheeps being ok with operating within a centralized system when it offers them comfort and security. It's their choice. Bitcoin is always an option if they ever choose to look for an alternative.

Reaching a new all time high is great of course when you cash out profits, but it's basically worthless when we fall back to sub $1000 prices after that again. It's time for the price to settle above the $1000 level now margin trading in China has been shut down. In best scenario it will result in more sustainable prices in the long term, but as it is right now, I prefer to see it first before I actually believe in it. Because no matter what happens, Bitcoin is and will remain an unpredictable market.

Some times? You meant all the time, right? Because if some one is able to cash out profits, it is at cost of plenty of other people. It's a basic market principle. Money flows always into stronger hands, that's how it goes in basically every market in the world. Even though you wish people the best, it's impossible for everyone to make profits, because as I said, cashing out profits goes at cost of other people. These losing people have to adapt and improve their strategies, or they will end up constantly feeding whales. Bitcoin market is no playground.

Being realistic doesn't mean you don't believe in Bitcoin's potential. It's pointless to think that Bitcoin is the future of money, because it isn't, and never will be. If I think about something that people can use instantly, without hassle, where people get some level of security on their payments, then Bitcoin is simply not a convenient way of conducting payments in a local environment when it comes to buying daily needs. Don't you think think that's an important aspect for something that carries the title 'money of the future'? Just look at how much fiat payment platforms have improved in recent years, it's impossible for Bitcoin to gain ground here.

If you just look to exchange Bitcoin, then it indeed doesn't matter since you can buy and sell coins face to face. But this is in fact a problem for people looking to put their coins to work and spend them in physical stores. Just browse through the forum and see how many people are eagerly waiting for their local businesses to start accepting Bitcoin. No matter how inconvenient Bitcoin is as local payment option due to the fees and confirmation times, people are still willing to spend their coins occasionally in cafes and restaurants. It's just a nasty move from governments shitting in their pants.

What do manipulators care about Bitcoin being deflationary? Absolutely nothing. If it comes out in their benefit, then they will surely dump the price below the $1000 levels again. However, with Chinese traders being subject to fee based trading now, it might turn out that dumps might be put on hold since it will cost them a significant amount of money. Especially when you consider that they also have to pump the price afterwards in order to benefit from the opportunity they had when buying at lower prices. And yes, the leverage aspect was indeed part of the problem as to why Bitcoin was going through massive amounts of volatility. I personally don't think $1000 will be sustainable if we happen to reach it, but let's see what happens.

It's clear according to this article that cafes, schools and other merchants must verify the ID's of people using Bitcoin as payment option, but it doesn't mention anywhere what level of verification it really is. Is it just showing your ID to the merchant workers so that they see it's really you, or do they make a scan of your ID that is being saved everywhere you show your ID? In case of the latter, then obviously no one is going to sacrify their privacy just for paying their coffee or other small purchases with Bitcoin. Either way, it's an idiotic rule. I definitely can understand that people have to verify themselves when making use of exchanges, and to a certain extent also when making use of a Bitcoin ATM, but in this case it's beyond insane.

I personally only do manual trading, but that of course doesn't mean it's always more profitable than a bot that is doing its thing. I once had a bot developed to run on various exchanges, but for some reason I couldn't handle the fact that something other than myself is making buying and selling decisions (e.g. risking my money). Have you ever encountered that your bot has been not profitable during various trading sessions? If so, did you let the bot just run in the hope that the losses will be bend into profits, or you directly put a temporary stop for that day?

What's the point of adding Segwit and LN to another altcoin, when they can simply create a new coin having the best of everything on board already? If you purely look at Litecoin and the technological aspect, then even Litecoin could be seen as "outdated". Don't forget that the majority of the circulating Litecoins are in the hands of just a few players. Far worse than is the case with Bitcoin's level of wealth distribution. Also don't forget that nothing happens without a selfish thought where people are looking to gain a massive benefit from each and every situation.

Are your eyes closed? He constantly keeps mentioning that the protocol is broken, so please tell me, what extent of truth do his words have? Kwukduck's plan has never changed, and he isn't stopped with trolling. The higher the price goes, the more trolling and hate we'll see him throw with. All to scare off a few innocent newbies not yet knowing what is real and what not. Scalability is just an excuse for him. Do you really think he will stop with trolling once Segwit gets activated? He'll just find something else to hold on to and continue his trolling. It's fairly easy to assume that we need a solution to the 1MB blocks, but in current times, it's looking bad for Segwit. In that regard, expect much more trolling from him in the coming months.

Micro transactions are something that people should forget about. Especially when it comes to third world countries. Just browse through the 'Can Bitcoin help poor countries' thread, and look at how many people here think Bitcoin will greatly help people in poor countries, it's pure madness. Fact is that people in poor countries depend on Micro transactions. Don't forget that the further we progress through the years, and the more halvings we go through, the more pools will depend on the income they generate from fees. Also don't forget that the majority of the pools are just cherry picking, where they have no problems in ignoring not interesting transactions for many many hours. So yes, we are indeed moving towards a no micro transactions network.

It has actually served very well for that purpose. I was speculating about a massive decline in the value of the EUR against USD, and it became reality. Back then I bought Bitcoin with my Euro's in the time that €1 was worth just over $1.3. It turned out to be not only a smart move in that regard, but it also turned out to be a great investment. That's why it feels fantastic when I cash out coins at current EUR/USD value. I'm in a very good position as it's basically a win win situation.

People like to compare Bitcoin with all kinds of services, where they just say that Bitcoin is superior to whatever service. In some cases that might be true, but that definitely isn't always so. It's pure bias in combination with just posting nonsense, while they have no clue about what certain services more have to offer than only a payment platform. I like Bitcoin too, but I am not discarding the popularity and functionality of other payment services/platforms. And yes, Western Union could technically implement Bitcoin, but it's not all that easy due to all kinds of different regulations. Don't forget that they operate in over 200 countries. It would mean that they have to comply with the rules of more than 200 countries. That will be a damn hard job. But hey, I wouldn't mind seeing them adopt Bitcoin in the way that I for example deposit $1000, and that a person elsewhere in the world can pick up that amount worth in Bitcoin. That would be epic.

Since Bitcoin's existence, Bitcoin has proven to be a more than reliable long term store of value tool, so what you are saying doesn't make any sense. I bought my first coins at the time the price was "just" $20-$25 back in early 2013. I have secured myself a decent amount of coins back then, where I of course have also cashed out plenty of these coins, but I still hold 2013 coins that to this date are still not touched/moved. If you do the math, then it shows how well Bitcoin has functioned as store of value tool. Even in more recent terms Bitcoin has functioned very well as store of value tool, when you consider people that managed to buy themselves as many coins as possible below the $500 levels. Look where we stand today...

You can't be serious, right? In case you are in fact serious, no, it's not an altcoin, so stop browing through exchanges. Western union is a fiat based money transfer service. Just use Google and you'll find out.