The price has been unpredictable since the very beginning. But I have to agree that right now the market doesn't show any signs of going into a certain direction. If you buy right now, then it has to be for the mid/long term in the way that you end up selling at a minimum of $1000 per coin. If you look to make a short term investment, then it's a pure gamble. People should know and understand what risk they expose themselves to.



Smart people buy when the streets are filled with blood, while noobs buy when the price is peaking out. I have been wondering if that would ever change, but no, these people keep making the same mistakes. But then again, smart traders need to have people buying up their expensive coins. Otherwise the market would be boring.

Bitcoin was not meant to be fully anonymous. And if people are looking for some sort of anonymity, they will either make use of various Bitcoin mixing services, or they will head over to make use of exchanges and convert their "dirty" coins to altcoins, then to BTC, then again to another altcoin, etc. Either way, altcoins will remain playing a role far below Bitcoin basically for ever. None of them will come even close.

$750 isn't a bottom at all (at least, not yet). We may very well face another round of panic dumps in the coming 24 hours, where we may even end up testing the $700 level. Best thing is to buy with 25% of the money you have for investment purposes at current prices, and save the rest for when the price happens to go down further. If the price goes up from these levels, then you benefit as you have bought yourself some coins already. If the price happens to tank further, then you can benefit in the way that you can buy at even lower prices. It's a win win if you play it right.

It depends on how you manage to convert your black money into Bitcoin. Black money is black money for a reason, so it will be difficult to wire it to an exchange where they nowadays have to know all your personal details in order to make use of their platform. Or they will allow you to make use of it, but will force you to verify yourself in order to be able to cash out your money or coins. Plus they have your details... It has to be through face to face transactions where you slowly or at once buy up plenty of coins. Negative aspect of this is that you don't know whether or not the person you are planning to buy coins from has wrong intentions. Another thing is that face to face transactions require you to pay a decent premium over the actual market rate, but that's mostly not a big deal for people looking to get rid of their black money.

I don't look at it from that point. Mainly because of the fact that PayPal clearly is doing something right as it keeps attracting people to sign up at their service. What I can see happen is that Bitcoin overtakes PayPal in terms of daily transferred $$ volumes. But even if that doesn't happen, then still, we don't have to focus on how to overcome/replace/overtake whatever payment service or bank. People have to accept that Bitcoin is only functioning as an alternative. It's available for people looking to make use of something with no third party interference where you can send and receive money instantly 24/7 world wide.

How much calculation did it take you to figure that out? The entire world sees value in Gold where at least half of the world population owns Gold in one way or another. It can be in form of jewelry, or even bullion, where the first mentioned is more likely for the average person.


Just like Bitcoin, Gold is a divisible currency where you don't have to force yourself to buy a whole 100GR or 1000GR bar. You can very well start out with buying gram by gram till adds up to a decent amount after some years.

Gold does experience some sort of volatility, but it's indeed less than is the case with Bitcoin. That's why the average person and traditional investors see more value in Gold than in something so speculative as Bitcoin. In most cases Gold is just being used as a hedge to sit out whatever bad economical situation. Or they are just looking to secure a big portion of their savings in Gold as store of value. These people don't expect crazy returns as is the case with Bitcoin. If the price after a few years has increased with just ~5-10% then it's already a more than welcome return for them.

It's big money behind the scenes that run this show, so it's in their benefit to make the price pump significantly, and to make it tank again. It hasn't been any different since I started trading in early 2013. If you also consider that Chinese exchanges are heavily involved in the well known mining farms, then you also know that it's in their own benefit to keep the price at certain profitable levels. If it's not by legit demand, these exchanges will offer a helping hand by making the price go up artificially. So don't worry, the price will go back to +$1000 levels again.

Panic selling mostly happens by rookies taking fud information for granted so easily. It requires the price to tank significantly where it will trigger their panic mode and they go full nuts. What you did was just shorting at the right time, has nothing to do with panic selling. If you plan to ever buy back, right now would be a decent price to open up some positions as the price is $300 lower than where you said you sold at. Don't wait too long as you might miss out and start panic buying as result.

It's always a good thing to expand your level of knowledge, but it also depends on what kind of skills you have. Regardless of Bitcoin, if you're a talented coder, then there is basically no need to focus on other things as the demand for skilled coders is going through the roof. Nothing wrong with investing plenty of time into perfecting the coding skills you have since there is always something that you can learn. There are plenty of coding languages that you can pick up. Believe me, it will take plenty of years before you even fully get to understand just one of them.

If you really want to buy yourself some coins, then do it with like 10-20% of the money that you have for investment purposes. It will allow you to buy even more if the price happens to go down more. People were asking whether or not it was a good moment to buy at the time the price dropped slightly below the $1000 level after the +$1130 peak. If you compare that to the situation where we are sitting in right now, then better buy yourself some coins as we speak. I don't rule out that the price will go down even further, but fact is that the price is oversold right now.

I don't understand why people get so upset or surprised by happenings as these. It has been part of the Bitcoin market since the very beginning. This is what traders look out for, and where rookies get seperated from well minded investors. Instead of complaining about something you can't do anything about, use it in your advantage to either buy back the coins you sold far above current levels, or to trade this volatility where there is a good amount of money to be earned. After a few days when the market calms down, people will realize that their panic selling reaction was completely useless as it costs them only money. Expensive lesson.

It's great for a trader to experience this level of volatility. I am only buying for the purpose of trading as all my other coins that I have for holding purposes are bought below the $300 level. In that regard, it's not interesting for me to pile up even more coins at these levels. That being said, somehow I have the feeling that we may drop further down till a point where we may settle below $800 for a couple of days. Just make sure you have some money left in case the price drops down further. If you buy in smaller fractions then you might even buy all the way down. It will average down your buying price significantly. Never go all in.

Just no. Bitcoin as it is, is ruled by a few people with iron fist where they get full support of the major Chinese exchanges. To add, current mining farms are for a big part owned by the major Chinese exchanges. In that regard, it's easy for them to keep the price at certain levels where they continue enjoy mining at profitable $$ rates. If nothing here changes, then there is no way we will ever see a difference in the level of volatility that we quite often experience. We all depend on the mood of these few people that control the Bitcoin market.

Do you guys remember this article?

https://bitcointalk.org/index.php?topic=1703672.0

Usually predictions from whatever "expert" or high level Bitcoiner is just laughed at, but not in this case.

Dump already happened, but the question at this point is whether or not it will tank deeper. I just hope we can maintain the $800 level in the coming days even though we went below it already. Panic sellers will either come to sense and stop behaving like an empty headed chicken, or they will continue the dumping part where it may even trigger a good load of stop loss orders. Solid holders don't really care about these kind of fluctuations as their vision is pointed at the real long term.

# Registrar : NameCheap
# Expiry : November 28, 2017
# Start bid : 0.01BTC
# Minimum bid increments : 0.002BTC
# Buy now : 0.10BTC
# Auction duration : 24 hours after last bid.
# WhoisGuard included.
# Escrow possible.


Only Bitcoin as payment is accepted.

I will always ask you to send the funds to : 12oWtmuwHipw9rC9BYUuMGWMWB3RxMsxUN

Only post in this thread if you are bidding.

By placing a bid you agree with :

# Winner of the auction pays first if you don't want to use escrow.
# Transaction must be completed in less than 24 hours.
# Private bidding is not accepted.

It's once again no coincidence that the price has gone down after it went through a fantastic roller coaster. It's just a game that is being played, where you'll find a few very wealthy elite traders plus the exchange operators that end up with millions in profit time on time again. Stop feeding these whales. As long as this continues, these people will see that it works, and thus will repeat it over and over and over. Common sense is a very important factor beside market knowledge. People should cash out at prices over $1000 instead of buying. It would allow you to buy back at these prices...

It's just how you adapt to the situation. If you just keep saving your fiat in your savings account for a long period of time without doing any effort to invest or hedge, then yes, you can bet on it that it will work against you in the long run. That's why it's important to invest at least 10% of your wealth. Only this way you can avoid seeing the value of your total wealth go down year on year (assuming you manage to profit). That's why I am glad to have Bitcoin that I am holding and using for trading purposes. This has helped me to increase the level of my wealth with at least 1000% since very early 2013. All thanks to Bitcoin.

Why would any government "accept" Bitcoin? It doesn't make any sense as it's simply not in their interest to show whatever support for Bitcoin. The only thing they care about when it comes to Bitcoin is the technology behind Bitcoin, the blockchain. That's why not only governments and banks, but also corporations look to develop a private (centralized) version of the blockchain. Especially because of the fact that it will allow them to operate far more cost and time effective.

It's normal that when the price goes up big time, mining becomes more interesting than it already was. Not sure what's so exciting about this as basically everyone can figure this out. If the price remains at current levels, and I mean without moving much in up or down direction, then I am fairly sure that the difficulty will go up further. $900 is a welcome price with current block rewards. $1000-$1100 is like a gift. Especially for the well known farms.

I always get irritated when people say that saving/holding Bitcoin is against the "real" purpose of Bitcoin. It's bullshit. Bitcoin is a tool that you can use in many ways. We have the freedom to choose whatever feature we want to make use of. If one person wants to use it solely as a currency tool, then so be it. If another person just want to obtain as many coins as possible where the only purpose is saving, then so be it. If another person is only using Bitcoin as an investment tool, then again, so be it. Don't forget one thing, without people holding their coins, we would never be able to reach these price levels.