Its usually the norm, when the price of bitcoin is up, altcoins decline. Its because  investors are shifting their funds to bitcoin again so we can say that there is a correlation between the two markets but there was some exceptions to the rule, just the December 2017 madness. But usually investors are moving their funds where their a lot of potential profits. Obviously, bitcoin is moving upward in the last week so majority of the money from altcoins have been shifted already.

So they don't move in a tandem, as you have understand it. You can still invest in alts why not? But just be careful because you should know by now that there are a lot of them whose purpose is a "pump-and-dump" scheme.

I wouldn't say that they are happier and excited. It would be more of a renewed interest, like a person who has been away but then suddenly woke up and find that he can't get over it so he/she decided to go back again. If you look at the trading volumes it is still weak, not a good indication that the bullrun that we are all hoping would happen, not yet.

It would need a lot of cash to pour again perhaps a good 7 -10 million (daily trades) will be a good gauge. So everyone should not be excited and jump for joy we need more positive news so that investors specially fresh blood to come in and pump the market again.

The only reason why I think people are still saying that bitcoin can reach new all-time-high and at the range of $60K is that they are big investors so it makes sense for them to at least influence the investors to pour their money on the market at this point.

But in reality, most of us know that its going to be difficult to even get to $15K because of so much negativity around us. Plus the bears would not easily give up the fight. If the bulls really wanted to wrestle, we should do it this time otherwise we wont see that massive bull run that we all have been waiting for.

But the picture of the market was different. There's no government on our throat and waging war against bitcoin and conspiracy and waves after waves of positive news specially when financial institutions enter in December. But it was pretty obvious that the run we have is artificial, hence the price dramatically falls to $6K-$7K.

So we have to wait and see if bitcoin can recover again this year, but as far as $40K, I don't think that its possible, it could mean cash should pour on the market but I don't see it happening because for me the bears can total control of the market eventhough the price seems to go upwards in the last 2 weeks.

If you have bought it during its peak, I'm sure that you have seen 60% losses by now. Heck they might be out of the ecosystem and totally sold everything because of the huge losses they got.

2018 is not a good year to start, most people even says that its similar to previous years specially after the Mt. Gox heist that put the market into a bear sentiments for more than a year.

However, we should not be frustrated, we should stick with this market through its worst and best days. And I'm sure that we can all bounce back, and together we will see the fruit of our being resilient and staying power in bitcoin and crypto in general.

It looks like Binance has made another move:


https://bcfocus.com/news/binance-to-introduce-discount-program-and-reshuffle-its-discount-rates/18836/

I'm not familiar with this Tiered Trading, but this is another reason why Binance is on top of the food chain. They pioneered other options for most of us traders to fully take advantage of crypto and how to make more money. I have nothing bad to say to Kucoin though, both of them are the gold standards now and they are raising the bar and the competition very high.

No one know for certain what causes the declined in the last hour or so. Maybe traders just shorting bitcoin because we have dramatically increased in the last 48 hours or so. To tempting for investors to make quick money.

It also shows how a single news can turn the sentiments of investors 360. But the question remains, is this the start of a bull run or bull trap? Remains to be seen.

No. Pacquaio has nothing to gain fighting that Floyd clone. He might have a big mouth and very entertaining, but its too risky for Pacquaio and little to gain. Risk - if he loss, then many will say that his win against Lucas Mattysse is a fluke, and this will put a questionable mark on his resume, that Broner that was destroyed by Maidana, Shaun Porter (his former sparring mate) and Mickey Gracia. For me, the best fight Manny should take is against Crawford, the bigger the risk, the higher the reward at this point of his career.

That's how big the impact that Manny Pacquiao has been doing since he set foot on the ring. There are numerous reports similar from the past as well. Heck, he can even stop the world for the Filipinos for the whole 36 minutes, no crimes, no traffics and even communist and terrorist stops briefly to watch his fight, specially during Manny's peak years ago.

Jeff Horn is calling Manny out. Lol.

How about Manny going up against the young guns? Crawford, Spence, Thurman? What do you guys think of those young bulls?

Right, with all the negative news and crypto regulations knocking at our door, it really surprises us all to see that bitcoin or crypto in general has lasted through this year and the price is still going strong at this juncture. Although the price fall from $20K to $6K is not a picture to behold, we should be happy that we are still here and lasted long enough.

And if we can go over this hump, then this is another testament that bitcoin and crypto is here to stay for good, no matter what the governments and central banks around the world will do.

Yes you are correct. Who would have thought that Mayweather vs Connor will push through? I'm one of those who think that Mayweather will not pursue that fight because its going to taint his legacy. but when money talks, I mean big money involved, everyone in the table listens.

So most likely if the price is right, Mayweather will opt to fight Manny to generate more money to keep his lifestyle. As for Manny I don't know who's next. I'm also interested as to what Freddie Roach would say. Remember that this is the first time in almost 20 years that Freddie is not on his side. The last article I read is that he mentioned about Manny's shoulder not healing properly. I don't know if this is an "attack" on Manny for dumping him or just stirring controversies so that more boxing fans will watch his fight against Lucas.

In other news:


http://www.journal.com.ph/news/metro/elusive-man-wanted-for-murder-nabbed-during-pacquiao-fight

That's how Manny impact the whole country of the Philippines. Criminals goes back to their home to watch the fight with their families, because its like a family tradition watching their hero win or lose.

Well the 40 year old guy has still some pops on both hands isn't it. He maybe a tad slower because of his age, but the timing and the footwork and the power was definitely present. How can you go against that 40 year old guy though. I really don't know if you really follow boxing a lot or just wanted that 40 year old guy to lose.

@crwth, there's a lot of Manny's opponent that trash talk him but fail to deliver, you can find a lot of YT videos about it, specially Hatton and his coach back then Mayweather Sr., saying that Manny always do the same moves, but guess what, Manny retire Hatton. And then there's Margarito and Rios calling Manny "Puto", again, Margarito suffers a broken orbital bone at his right eye and Rios crying after his defeat. So moral lesson, don't trash talk that 40 year old dude.

But its somewhat intimidating if you are new into the crypto market because of so much altcoins (shitcoins) so chose from that you are really saturated and don't know what to do unless you have some guidance to help you understand the ins and outs of this industry.

On the other hand, having so much crypto sometimes took away money from bitcoin. Because the supposed to be money that should go to bitcoin market, was instead poured on altcoins (shitcoins) and when someone looses, they all bitching it out that they regret their decision and should have put their money on bitcoin ecosystem instead.

That's really a expensive lessons to learned at the beginning of your career.

Well if its a global economic crisis then all market should be down and I don't think that people will seek refuge in cryptos. Maybe some of them, but gold and other precious metals holder will remain to their market because its a good hedge against financial troubles.

I don't know if everyone understands how the market really works. If you did then you should be afraid or worry because in the first place this market is very volatile. If you can't take it then you should get out because its not for the faint of heart.

But if you are all in and willing to take the risk and not be affected by the price swing and will stick in out whatever the sentiments might be, chances are you are not going to panic and be afraid eventhough the market is really struggling this year.

Yeah, I would also like to see the link or the source of the news.

For me Steve W. is somewhat on the middle. Although he claimed that he had been scam by someone when he trade his bitcoin thru paypal, but he keeps a quiet and distance himself from crypto discussions.

I don't know where he's coming from in terms of blockchain though, its the technology that empowered bitcoin and other crypto, how will it bubble them similar to dotcom? Blockchain will remain Blockchain in my opinion, as opposed to dotcom companies wherein nothing is reinvented, it was a boom that everyone took advantage off but with no concrete output was even made.

I doubt that SEC will approved any bitcoin or crypto related for now. They already said that the market's volatility causes them concern hence Winklevoss application is denied the first time and subsequent applications as well.

As for Europe's largest trader moving into crypto? Remains to be seen. This news is very welcoming indeed, but it doesn't have the enough push to suddenly make investors renewed their interest on the market. Actually, with the current sentiments, I can't think of any positive news that will sway the attitude of investors to pour their money on the struggling market right now.

Or the one who wanted to buy bitcoin at a cheap price that's why they spread lies and fears amongst newbie investors. Definitely bitcoin won't die because its already starting to conquer the world and its slowly gaining wider acceptance although there is a lot of resistance from government and central banks around the world.

Bitcoin is still in its early stage, so it won't simply die because it has gain a lot of support. Its been on the top of the food chain and not even a single alt coins so far has topple it although there's were some attempts, (ETH, Ripple and BCH). So don't believed if you read news saying that bitcoin will die or dying. Its very resilient and survived a lot of test in its young career.

Definitely more regulations will be coming our way. And with the G20 meeting for the third time coming and with crypto regulations on top of their agenda, I'm sure that there will be a lot of debates and eventually government will have to put up their own regulations.

But I'm sure that it wouldn't have a long term effect on the price though, we might see the price suffers a little but in the long run if this regulations becomes effective and governments satisfied, crypto will flourished in the next decade or so.

I think its doable, its a possible of extreme luck and trading experience. So its really risky and maybe just a couple of traders who can pull this off, but for ordinary traders like most of us here, maybe we will be emotional if we see our bitcoins growing and in the long end, we might ended losing everything.

I know its really tempting, but again the risk is there and you need to be sharp focus and doesn't make a single mistakes along the way. And you can only do that if you have the needed experience. So don't try to attempt and replicate them. Might be better to take baby steps and see how it goes for you.

Lol mate, you have to understand that Sheldon Adelson build a empire, meaning he is a entrepreneur and didn't get that much money from playing or gambling. That's different. He has work hard to get to that list because I read some biography of him online few years ago and tells that it was like a cinderella, rags to riches story.

He became a casino magnate by selling COMDEX or share of it if I'm not mistaken and build Venetian and that's how he made a lot of money. But taking risk (which we are all familiar) stick to the plan and with some luck multiple and open another casino in Macau which we all know is Asia's gambling capital.

So from his viewpoint, online gambling is a big threat for his business, because we all know that it is slowly creeping in and garnering a lot of attention lately and it might take a huge chunk of money from traditional, land based casino's in general, which he all gets his money from.