If you took the effort to just click on his name and see his stats, then you could see that he was online in October of this year. His last post dates back to 2013, but he has negative rep from 2 people that are well known here. Looks like his reason to "leave" the Bitcoin world might be different than what he want others to believe....


You clearly didn't read the OP....

Banks will not adopt Bitcoin as in them offering you a Bitcoin bank account where you can deposit and withdraw coins. What I however can see happening at some point, is that they offer a feature to trade Bitcoin via a stock-like manner. It's you buying and selling Bitcoin, but without the ability of actually depositing and withdrawing Bitcoin. It's perhaps an extreme example, but I can't think of any other ways of seeing banks jump into Bitcoin. Not that they wouldn't see anything in it, but just because of the government keeping them under tight control.

Nothing serious happened last year after Christmas. Not sure what you are referring to as I am right now looking at the Charts but not see anything of importance. The only thing that seems to be somewhat worthy of mentioning, is the dump that started somewhere in mid January that got the price to go down from around $440 to below $360 in a very short time. I am not sure what the exact reason was, but it was a very decent price to enter the market for sure.

No surprise. Bitcoin has been the ultimate payment tool for "getting rid" of ransom ware as is being promised when payment is completed. Right now it's either Western Union and MoneyGram that is being used for such purposes, but Bitcoin is far more interesting since it can be sent over instantly without leaving any trails behind. But I have always said it, never reward these criminals as it only gives them more incentive to continue doing this. Just make sure you at all times have an active and recent backup that you can fall back on. Just secure erase the drive, and problem solved.

I personally don't believe Bitfinex was hacked, but opinions on this might be different. However, no matter what has happened, a fair amount of its major traders are still making use of Bitfinex because its interface and such is more appealing to them when it comes to marginal trading and all that. But still, their trading volumes are still not recovered, and that's mostly due to the fact that a certain number of traders have left that exchange. That being said, I wonder where they might have gone as I don't see a serious increase of volume on other exchanges which might indicate that Bitfinex's old traders have gone there.

OP - I wouldn't make use of Bitfinex, but if you think it's the right exchange for you, and you make a decent amount of money, then just continue your business there. But don't forget what has happened a few months ago.

I of course hope there won't be any drama as well, but let's face it, so far since Bitcoin's very first exchange listing there has always been some sort of drama popping up from time to time. I don't think it will be any different in the coming years. I just hope it won't be anything severe like another exchange supposedly getting hacked, while the operators themselves are are thieves. But some sort of drama that gets the price to go down in a decent manner is basically a very welcome happening for traders as it brings volatility back, plus heavy price swings. In that regard, for me as a trader it wouldn't be that bad of an outcome. But of course, I also don't want more dirt to be thrown at Bitcoin.

It's good to see that we are finally sitting above the $800 levels, but I don't think we'll be able to maintain it for very long. It's too soon yet, I know, but it's practically impossible to keep the price there at its first attempt. Large players securing profits will push the price back to $780-$790 again. But that's not really a big deal. It leaves some room for traders to scoop up some extra profits.

Of course, the current price lends itself perfectly for people to secure profits at, but people should at all times be avoiding to sell off all their coins at once. I can't think of anyone being very happy after having sold everything at a certain price. People feel some sort of emptiness as they can no longer benefit from the price going up even more. That's why you should secure profits with small steps at a time. If the price happens to go up after you secured some of your profits, you'll be able to benefit even more by selling more. If the price happens to go down after you secured profits, you'll benefit in the way that you can buy back more coins for the same amount of money. No matter what happens, you'll benefit.

Altcoin trading according to me fits exactly in the same category as gambling as the far majority of the altcoins are nothing more than outright copy and paste scam coins. Especially nowadays where the ICO is a big happening when it comes to getting a certain coin "project" to launch. People blindly "invest" their precious coins into something that is just made up to scoop up hundreds of coins in some cases. It's a well thought out plan to get a lot money in a very short time so easily. And once one of their coins is losing momentum, the people behind these coins will just launch a new ICO where they repeat everything.

Seriously, I don't believe in fiat at all. I just use it because it's a necessity in my daily life. No way I will believe in something that is only going down in value, and thus forcing people to put their money to work in order to not fall behind. That's why I have a good portion of my total wealth in Bitcoin. It's not only to avoid seeing my wealth lose value, but also to escape from the banking and governmental system. It's a complete package that Bitcoin offers me.


The main issue here is that people see Bitcoin far more as an investment tool than a currency tool that people can use to purchase stuff. Also take in mind that in most of the countries it's simply more convenient to just keep using fiat in order to buy your daily needs. Add that there are also zero fees involved when you purchase stuff, plus you don't have to worry about the volatility. Why would people then bother to use Bitcoin as local currency?

Bitcoin adoption growth is a very slow process that requires time to build up. I don't really think that a lot people that aren't yet in Bitcoin, are waiting for the moment that the block size gets bumped to 2MB in order to jump into Bitcoin. They could just very well start using Bitcoin right now as they won't experience much of a difference. I don't even think 95% of them are knowing what a block size increase will do. In that regard, I can't see this having a significant impact on the number of people flowing into Bitcoin.

It's a fact that there isn't enough liquidity to offer insanely large holders the chance to cash out entirely. But I think at this point there isn't any of the large holders willing to do so beside the occasional profit taking opportunities. No way the market will recover from a scenario where legitimately hundreds of thousands of coins are being dumped. And this is just considering one very large player, and as you probably know, there are several with these level of stashes. Don't forget that the majority of the open orders are coming from bots most of the times directly pulling back their buy orders as soon as the price comes very close to where they are placed at. That means that there is even less liquidity in reality. And then I haven't even been talking about phantom orders....

In order to ultimately benefit from the lowest price, I keep buying in smaller steps all the way to the bottom. That's basically also the case when it comes to the peak. I keep selling in smaller steps all the way to the top price. This has been helping me a lot at the time heavy peaks and dumps were popping up. That's why you should never buy or sell with everything you have at once. If the price happens to go up or down even more, you won't be able to get the most out of your money/coins.

Reasonable people see the benefit of Bitcoin and don't think it's just being used for whatever illegal purpose. They know that Bitcoin isn't any different from money, so there is no need to blame the tool for misuse by people. I however wish more people would think like your friends do, because if that was the case, the average joe would actually experience the benefit of using and holding Bitcoin. But they are too damn ignorant to do some research themselves, because what noobs take everything the media says for granted? Yep, the average joe.

The media cares, where after that they brainwash the average joe into making them think that Bitcoin is nothing more than a tool being used by criminals and terrorists. I personally don't care either, but for the average joe it's a big deal. Especially when you consider that Bitcoin doesn't have a central authority in place like is the case with banks. To the average person it's basically free game for drug dealers, weapon sellers, etc. They probably don't realize that the fiat money that they are using is being used for the exact same purpose, and even worse since cash money transactions can't be logged at all.

It just depends on the moods of the large players. If they are willing to push the price further than just reaching the $1000 level, then we can expect them to support the price all the way to flat $900's as that will give people a space of around $100 to cash out and dump their coins. If they don't want to support the price, which would cost them a decent amount of buying power, then we shouldn't be surprised to fall back to $800 prices, and perhaps back to $700 prices. Don't forget that for us small traders it's easy to dump like 10% at once without it doing any harm to the markets. But when large players sell thousands of coins at once, it leaves a serious scar on the market. But then again, this is just wild speculation...

You're right with saying that the price has increased, but that just means that Bitcoin was a fantastic investment months ago as the price has gone up nicely till where we are sitting at currently. Right now it's a 50/50 situation where I personally wouldn't want to step into the market at current prices. Right now it's good to either keep holding, secure profits, or to simply wait till the price drops to enter the market.


Don't add much value to the predictions made here as they mostly are way off from the reality. Reaching the $800 level, and perhaps going slightly over it to around $820 is the most we can expect to happen this year. I consider the price at current levels already to be a fantastic Christmas gift, so for me personally it doesn't matter whether or not we'll reach $800 this year.

That what you are describing has more to do with a buy low and sell high method, and not so much with actually trading. From my point of view, traders repeat the cycle of buying and selling several times a day, or at the ultimate, several times per week. That's what I consider to be trading. No matter what levels the price is sitting at, trading is always possible. You just have to make sure you have a decent amount of coins that you'll be using as your initital balance, plus a decent amount of fiat. If that's in place, then you're ready to make money (assuming you have enough experience).

It's very weird, so many people here and in real life are complaining about how banks are working against their customers, that they don't trust banks with their money anymore as they are gambling with it on the financial markets, but still they don't appreciate Bitcoin for the features that it offers them. These people will continue being a slave of a system that will never change. Or these people simply don't trust themselves with the money that they have, that's also a possibility. Bitcoin offering people freedom doesn't mean they must convert their entire wealth to Bitcoin. They probably don't realize that you can also just have like 10-20% of your wealth into Bitcoin. Or they don't trust Bitcoin either as they don't know how it works.

Yes, even though Gold is a divisible currency tool, it's not on the same level as Bitcoin when it comes to buying small amounts. If I want to buy like 0.05BTC, then at current rates of $792 it would cost me $39.60 + 0.20% fee will bring it to $39,68, but that's something I consider to be peanuts. If I want to buy 1 gram of Gold, I end up paying nearly 50% over the actual Gold price. With Gold you're subject to paying insanely high premiums if you just stick to small amounts (which is perfectly understandable due to the kilo price of Gold). If you really want it, then go for it, but I personally don't really see the need of it. Better wait for the price of Bitcoin to come down a little more, and invest your money there.