Ethereum is really being pump because there's a lot of positive going its way. Mike Novogratz, a former hedge fund manager on Wall Street, has predicted that Ethereum will touch $500 before the end of the year. And I think there are a lot of business interest in the smart contract as well.

So Ethereum is a good choice to hold if ever bitcoin crashes. Other than that I don't see any alts that is good to hold. Actually we already saw some instances that when bitcoin is down, Ethereum price go up. So its obvious that investors are already seeing it as a somewhat a 'back-up' for bitcoin. I doubt about tether though, with the recent hacks, no one will trust this coin anymore.

You lost me their for a minute. Bitcoin is not yet universally accepted by many stores. Even Amazon has put aside the idea of accepting it. And banks are not integrating it, but the technology behind it - Blockchain is what they are acknowledging. Banks would never accept bitcoin in my opinion.

Definitely bitcoin is the first crypto to attract investors worldwide. By just looking at the price alone, it definitely reach mass acceptance and most sentiments of the people around are very positive. And its now starting to be a store of value or investment for most of us. I don't think that any altcoin today could have a feature like that because they are being used for Pump and Dump only.

But isn't it they are no longer under control of Russia? They are totally independent of each other and it Russia says no to bitcoin or crypto's, it doesn't mean that other states should follow as well. Putin will not legalize crypto in my opinion. But to put pressure on Lukashenko? I don't know how far on Lukashenko will give in such request.

He has his own roadmap for Belarus, and I think he made his decisions already to legalized and regulate it in their country. If he gives in to Putin request then it doesn't look good for his image as President of his country. For now lets consider this another win for the crypto market if he signs this into a law.

They are making another run at it. But at the end, "pumpers will just cash it out". We already saw that before, and I hope that investors will not fall for this scheme again. How many newbies is still trap because they bought it at $2000? Now  it's gaining steam again, but it will not be sustainable in the long term.

It will definitely pop, give them a week or two before those Chinese miners and whales started to dump it as soon as its ripe to take the profits.

And it looks like they are it for another round of attacks:

https://cointelegraph.com/news/bitcoin-cash-passes-1500-again-as-lead-dev-pronounces-bitcoin-dead

Let's see how this pans out. This fight is gonna be messy but we already know who will emerge as victorious.

I know bitcoin around 2011-12 when I was still in the online marketing business. I would crossed path with the name of Satoshi and bitcoin or a Satoshi experiment if I'm not mistaken. I also remember that I joined a website that is promoting this so called Satoshi experiment and it says that your USD earnings is convertible into something like a crypto currency (bitcoin) which I don't understand before.

But I totally lost my logins and credentials on that site so I don't know if that it legit or not and paying with bitcoin. Moved forward last year, a friend of mine introduced me to the bitcoin world. And just like all of you, I invested in cloud mining, doubler which yields nothing for me. But now as I matured, I learned do trading to earn a decent amount today and not fall for that kind of trap again.

It didn't surprise me. Mike is very bullish about bitcoin and he has a lot of investment in it. And I was not shocked because the demand is getting higher everyday. We are above $8K today and its not slowing down. But this massive bullrun has somewhat in standstill maybe because there are no newcomers to the market, or the price has really reached its peak for now.

But to really push the price to $10K level, I think CME will play a factor. CME is expected to launch their bitcoin futures contract before the end of 2017. So if this come to fruition, $10K will be nothing to bitcoin, it will be just a tip of the iceberg.

With the current number of investors and whales, I don't think that bitcoin could you on a 2 year bear market as before. The situation now is different, demand is high and bitcoin being offered in different industry like in realty sector.

I also don't agree with the "drop in half" statement, it could drop a little and the max drop I can think of is around 20% in my opinion. Too much at stake right now that investors would go buying in dips that a significant dent is highly unlikely. And the current increase after topping $8000 is kinda slow now, maybe its already saturated and a price correction is needed, but I doubt it will go down that hard.

They can't be really compared because each has separate purpose. Ethereum as we all know is a smart contract platform. And its great for creating ERC20 token which we often received in bounty/airdrop campaigns. While bitcoin is now more of a currency and investment platform and its underlying technology - blockchain, is now being used for and applied in different sectors of the society.

But as far as being the more popular and widely used, its still Bitcoin. So my thoughts is that as far as investment, for long term bitcoin should be your logical choice, while Ethereum for short term.

I'm not surprised at all to see this announcement of a Russia Minister. Its been a a pain seeing Russia make back and forth statement and changing the tone one after the other. And this is expected because how can they legalized something that is beyond their control?

I know they love Ethereum, but the mode suddenly change a little when they decided to have their own cryptocurrency. The only consistent word I'm seeing with them is "Blockchain". I think this is where they are really interested in. They want to take full advantage of this underlying technology that's why they tend to appear to be a bitcoin friendly nation, but behind they are not really interested, but they have an eye on the technology behind it.

I think some earlier adopters of bitcoin here are rich as hell. But you can only count them and very few comeback from this forum once bitcoin price skyrocketed. But for casual like us, although we earn or profit bitcoin today, I don't consider we are filthy rich because it will take more years before we can call ourselves rich.

For one, most casuals found bitcoin when it is already above $1000, although its a return of of 800% already, I don't think they have invested big amount because normal people just don't put big investments. They can only buy in dips with small amount of money. And most of them even sold it when their investments makes it to x4. But I guess we are not late though, we can still be rich maybe along the 2-5 year time frame.

Been using MEW for the last couple of months and so far I haven't experience any breach yet. I bookmark the site so that I won't be able to be phished in case I type it. And on the top center of MEW you will see a warning,

"WARNING: IF YOU CLICK A LINK to MEW from EMAIL, SLACK DM, or a FORUM, YOU WILL HAVE YOUR COINS STOLEN. Do not click.
Instead, install EAL or use MetaMask."

So it really depends on how you use your wallet. Never ever divulge your private key to anyone. And always be cautious on any website or link that you click.

There are other 'pre-dated' cryptocurrency before bitcoin. But bitcoin literally took the world by storm and become the mother of all crypto's.

As far as altcoin (alternative coin) and anything not bitcoin is called altcoin. Altcoin exist because they either want to replace bitcoin (highly unlikely to happen) or improved one of bitcoin's design flaw (high transaction fee, slow confirmation time).

They already made their moved already, but they failed, so I don't think they are going at it this early. They still consolidating and maybe try to make one attempt again in the future. Let's see.


Just consider the OP is a newbie, a minor drop is a big cause for a alarm. But yes, this is just a normal drop but I'm seeing bitcoin today hitting $8200 once again So the fear should be subside by now. To the OP, just stay and don't be nervous when you see dips, it just normal, as stated, maybe they are just cashing out and enjoying the profit. The more you stay in the ecosystem, the more you will understand how this drop in price sometimes is healthy to the market.

Some government are not yet ready because because that a lot of negative connotation about it. But I really don't get my government is really avoiding bitcoin. It may be that they don't know what 'bitcoin' is, but there are already countries like Japan who have already set precedence. All they can do is follow the lead of Japan and I think it will be just fine.

I guess its really hard to removed the bad images of bitcoin that has been portrayed already. And it looks like it has struck to the government around the world. So we have to face that fact that some countries are going to be friendly, but majority of it as against bitcoin.

I'm also on the side that bitcoin is nothing but a speculative market. We can't deny that. That's why TA or any analysis is not applicable on bitcoin ecosystem because its just an educative guess. But what we are now seeing is something extraordinary, people are buying bitcoin in hope that the price will increase in the future.

Being said that, in order to really increase the price, one must not only buy it, but rather used it. I mean when we have bitcoins, do we spend it or just hold on it? Personally, I do both, spend it sometimes and even convert it to fiat to really take advantage because bitcoin is not being accepted by most online sites, and they a few stash for me to hold, just in case bitcoin rose to $10000.

Damn. I saw signature campaigns around last September if I'm not mistaken run by Atriz and the terms is like participants are going to be paid if they made like $50K the minimum, I try to follow it because I want to join that signature campaign before, however, I'm still a low rank member then and its only accepting Full Member at least.

I wonder how can they pull this stunt after people have already invested on them. Legal trouble? I doubt it. This is just another scam. I really thought that the project is solid and legit however, even a measly $300K is enough, I don't know if they are going to give back the money, but most likely not. This kind of ICO's really hurt a true and legitimate ICO putting put up.

I think Warren is just trolling. Because he didn't really understand how bitcoin is being considered today. Right now many people is considering bitcoin as money. With that said, its no joke for most of us here. Bitcoin is not only an asset or commodity but is becoming a currency. So the idea that is a joke is thrown out of the window.

He is maybe just a old school investors that's why he can't really grasp what bitcoin is. See why bankers are afraid of bitcoin? Because the flow of the cash in going to the bitcoin ecosystem. Which means they are losing real cash here. Those that are really involved in fiat investing doesn't really know how crypto's work, that's why they don't like investing on it. For them fiat(money) is the best investment, however if you see bitcoin its becoming 'real cash' as well.

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We have seen the transaction cost being the real issue of bitcoin? But why is the price still skyrocketing? It doesn't make sense. However, the reason that I'm seeing why bitcoin is still rising despite the high cost of transaction is that it has gained the confidence and trust of most of all investors, not just investors but big time investors. So this march will still continue up to 2018 and we can see bitcoin trying to test $10K early 2018.

It will be a heck of a ride and its gonna be fun, so matter what the transaction cost is, its doesn't matter, as long as investors are pouring in cash, there will be no problem and the price will continue to rise, I guess.

Of course altcoin is not for long term hold. They are very volatile and we all know that most of them are really just being pump and then later will be dump to take home profits. That's how it is. If you really want long term investment, bitcoin is the only choice. Just look at how it grows this year. If you started to buy it in January but this time you can realized that you already made a good profit. You are in the range of x7 in your investment. Although altcoins are really good to invest, you should be very careful and trade them with cautions. Only few coins are really good for short term, other are cheap as well but that what we call shitcoins and never invest on them.