$60K is one of those very high limits of bitcoin and quite on the edge. We are talking about nearly 18 million bitcoins in the market total and if you make it $60k than it equals to roughly one trillion dollar worth of market just for bitcoin. Is it impossible ? No it is not however is it probable? Not easily.

I mean one trillion just for bitcoin can happen but its quite at the edge of responsibility, I do not see bitcoin having like 10 trillion market cap in total anytime soon, maybe not ever and one trillion is like max it should be. All those $250k or whatever estimates of people are insanely not calculated guesses. We need more infrastructures to be built on bitcoins either to use bitcoins as payments or as assets. Like, bitcoin etf approvals and few more market giants are accepting bitcoins as mode of payments, will make these speculations easier to get realistic.

Honestly I would have been a lot more happier about bitcoin prices if it was just going straight up like that but slowly. Instead of going from $1k to $6k to $20k to $6k again. That kind of bump killed bitcoin a lot and now causes us to lose hope on bitcoin however if you take out the $20k its actually doing great, all you have to do to be happy about the price is to take out that one month prices over $10k in December, if you take that out we are golden. This list shows prices lower than right now but doesn't show a $20k spike in the prices and no downfall of $20k to $6k in prices neither so its a risky 50% 50% chance, you either don't get $20k but don't get the long bear, or you get the $20k but you get the $6k downfall too.

Income taxes and capital gains are different though. I mean yeah you can pay some sort of your salaries parts to government, I get that. However I do not understand why you need to pay huge capital gains on your investments as well. I understand there are people with billions of dollars who only make money on capital gains but there are also people who saved up like couple thousand dollars at most and you are now taxing that too on top of his income. I think you should put a limit on it.

Like maybe capital gains tax on people who have over $100k invested and no taxes for people who have less than $100k invested. That way you won't punish the little guy but still make a killing of the money you make on the wealthy. Too socialist?

I do what I always do, cash out what I need and keep the rest. I have cashed out on December when the price was $20k, I also cashed out when the price was $6k, I cashed out last year when it was like $2k as well. I always earn my living from bitcoin and when I earn some bitcoins I just cash them out to pay my expenses and when I cash out I leave like couple hundred dollars just in case if I do not need it. I don't care about the price of bitcoin, I do not care about how much bitcoins I have.

I cash out my needs and leave the rest, when its $20k it was easy to cash out small amount of btc and leave it rest, now not so easy but I still do the same.

None of those are the main reasons why blockchain is not on the mass market. The main reason is definitely time, you can't expect blockchain to be everyone in a second, comparatively speaking on technology, blockchain is still in its infancy and with each new coin that "solves a problem" in blockchain we can see there is still a lot to fix.

All these new blockchain tech that puts something new into their tech improves it and the real huge companies of the world will follow one day but it will be a slow one, it is harder to go from 1 company using to 2 company using it its easier when its 1 million company using it to 2 million using, just wait and let blockchain develop first and slowly it will get bigger and bigger.

Some newly and with low capital funded ones might really be scary and scammy however those are really showing themselves. However, the bigger ones, the huge casinos that makes a killing from just existing do not require to fix games to be honest.

First of all they mostly have provably fair which means there is no way they can be fixed because you can check if the seed is true or not and the result can be double checked if you are scammed or not. However they are already making a ton of money from just letting you gamble all your money away with the house edge protecting their rights, why would anyone want to ruin that ?

Why would they risk insane amounts of profits with something as silly as fixing small games?

Are there any plans of adding any new games ? I mean maybe this will be a reach and too much to ask but considering stake (and of course primedice and mainly stunna himself) is the most trusted person on bitcoin gambling world you guys are the only people we can expect something like this; Maybe start a poker website as well while you are at it? It won't cost you anything and you will just get rakes and not even risk any of your money (maybe some on freerolls on advertisement games) however anyone who tries to start a poker website on bitcoin usually just closes shop soon and maybe you guys can start a poker website and somehow manage to make it work ? That would really be awesome and we can finally play poker, I wouldn't ask this from anyone else because I do not trust anyone else with poker but I trust you guys with my money more than I trust myself with my money (well my money becomes yours quite quickly anyway )

If you are a veteran of the league I get that there is a lot of rightfully given stress put on you because how hard it is to criticize people that play with lebron however you are missing the "kid" part of it. Lakers have young players and these players may have their careers ruined after couple of bad games in a row. Jordan clarkson for example played with lebron however he was playing amazingly when he first came in, than playoffs happened and now everyone approaches to him like he is not the same player.

Look at rodney hood, clevland got him like he will change so much for the team but now he is not even getting offers. If you are a richard jefferson or channing frye or kevin love, everything will be alright but for clarkson or hood its not the same. I think that is the problem with lonzo, kuzma, ingram and co, they are alright but they will asked to be perfectly ready for lebron and they are too young for such a responsibility hence beasley, rondo, lance and all that will be fine with playing with lebron because they are already established.

Lol they wish!
Bitcoin technically can never go to zero. You can't get something for free, that is not "sale" that is "giving". However it is also impossible for bitcoin to go down like that ever because I know that I will buy all the bitcoins in the world if that happens. I know there are a lot of people that feels like me.

The human adaptation grew way over the top for that to happen. Something like that can't happen even if all the governments in the whole world bans even USING bitcoin. Bitcoin can still probably be like 100$ if it was even illegal. I mean there are illegal stuff that is still used in the world bitcoin will just be one of them. Tho lets not get ahead of ourselves, USA is not only supporting it, they also taxes it.

If you are more specific about bitcoin's limited supply then you need to understand the capability of "infinitely divisible feature of electronic formats". Yes, one bitcoin may have infinite number of units which means how one bitcoin can have any value similarly it may have any any number of units which are representing still the bitcoin but in different yet according value. I believe I am clear to how bitcoin is capable of surpassing anything.

Bitcoin can have any price levels due to its volatility and demand levels. It can even reach a price that is way much higher than the marketcap of gold, but when it comes to value, Gold will always have more preferred by people than bitcoin no matter what. Despite Bitcoin’s volatile nature it’s still going to take a very long time before it can get pass the Gold.

Quite good, but the only reason why I don’t think anyone here is ready for that or even if they are ready, I don’t think they will go for you and that’s because you’re still a newbie. Why would anyone choose to go for a newbie who just got into the community and has been around just for a short time what if it’s all a scam and they end up losing money? And also one thing I have learnt about these technical analysis is that they never work.

I am not sure those posts which are being posted for technical analysis is eligible for merit rewards. I mean merit is here to appreciate high quality writing where technical analysis will fall into the category of quality writing ? I still doubt. In the past, mods had rejected the proposals of rewarding merits as a monetary benefits.

You are right. I am actually looking forward to $5.5k region in the next few days as that would give a good buying chance anyway. It could go a bit lower, but this is a chance I am sure willing to take. However, I do not think we could get to see the possibility of as low as $4500 though, but I guess time will tell on that one. For now, $5k seems more reasonable to be a very good support which I am looking forward to.

At the same time, there are big and bigger possibilities for the bitcoin prices to bounce back from the current levels toward $8.5 and then toward $10k levels. I guess the coming last week of this August month will be crucial as many positive future news based market movements are possible. Hence, buying at current dips also will not disappoint the long term investors.

I never knew we were this close to 1 trillion marketcap. I was expecting it to be a lot higher. $60K per bitcoin doesn't sound impossible neither. I think 1 trillion will just start the slow leaking to bitcoin from legacy investments. Also if you think investors ever accept their mistakes than you have never met with any of them in your life. Gold can stay at 7 trillion forever and bitcoin alone itself can become 100 trillion tomorrow and no investor I have ever met will accept their mistakes. They will spew bs like "its risky" or "gold is bla bla" and what not but will never say "I should have invested in bitcoin a bit" or anything similar.

People explained a lot better than I could but that is basically the gist of it.

Bcash and bitmain + volatility + huge user number increase + sudden attention and all that combined created bitcoin to jammed and it costed a lot for the people however if today that were to happen like $20k and not that many people got interested or it were to happen slowly over time than you can be sure that the price will not increase in fee's.

The important part is the jamming of bitcoin with tons of actions of buying selling (basicaly sending and receiving) and that jams the blockchain, if you do it over time, it will always be better.

I do not "hold" , that is the reason why bitcoin price is not go up, I purchase and earn bitcoins, use it like a money itself. If you use bitcoin like its commodity than you will not utilize it at its fullest. However comparatively speaking if you are talking about "selling" your coins because of panic, than yes I think selling is worse than keeping your coins.

You should wait for a bit and see how it goes, I know it has been long time since last time bitcoin went up but what do you make from selling at this point on the dip when you can just wait and sell when it goes back up eventually. Unless you need the money for something, aside from that there is no reason to sell right now.

One of the most important parts of bitcoin and all crypto trading is the big news. Smaller news that people do not care doesn't really count. The ones that people make topics about and start reddit posts about are the really important ones, when a big news like ETF or whatever happens, or well in the past something about MT.GOX happened we remember that prices do really change according the good or bad news.

If there is good news about a coin and its huge it affects even before the news reaches out to us, that is the sad part. We never hear about the news before the increase in price, we see a coin skyrocketing and check what happened and see the news waaaay too late.

This time around I just believe that you should make decisions based on what your mind tells you is the right thing to do. Sometimes I don’t really need to look at what the media has to say before I take actions. We all know that bitcoin can be manipulated but hardly can we tell when it’s being done cause these people cover up a lot to the extent you won’t notice.

As for now, if you have invested at six thousand dollars I think you should just hold and do not withdraw, cause that will be lowest price will reach and after that, before we reach December there will be a sudden  rush. You can believe me or maybe not, I’m just saying this based on what I feel is going to happen.

Oh oh how the life goes on, obla di obla da. One of my favorite Beatles song of all time. Back to topic, for some of us who have invested carefully yeah life goes on. But I have seen a guy who took out a loan during December and invested heavily into crypto with it. Dude got a LOAN from bank to put into crypto. Now for that dude life doesn't go on like the rest of us. He has to pay 80 thousand dollars in loan (plus interest) and will be debited for 10 years or hopes that before 10 year run ends the crypto will once again rally back up and he can be saved from the shackles of debt. Now for that dude, all life is about is crypto.

Yes, the current situation must be very much temporary as per what we have seen in the past and more particularly in the year of 2014 and 2015. Life with crypto will be better and smarter as we may become financially sound as cryptos are making business more cost effective which includes we may have more income stream within same working hours and efforts.

There are only very few exchanges are providing such facility of trading "short" with bitcoin markets. If you are serious to find one then I guess you must check with few forex brokers who are also providing bitcoin trading. I read bitfinex is providing such type of trading but I checked and could not find any new thing to do so.

Bitcoin is in bearish mode, bitcoin is in bullish mode, bitcoin is very moody, I can almost say it is bipolar. One day it goes up and we are all happy and we want to see 50k and we want to get rich and be happy and have lambo and get a penthouse, the next day we see bitcoin going down, we start to talk about how it will go to 2k , how we will all be poor, how we will be going to get food from shelters and lose all we have trying to drop the averages. I think the volatility in bitcoins mood is actually affecting our mood as well, heavily, most of us here have their days happy or sad according to how bitcoin is going. Lately we have all been quite sad.

I think it is not really that much weird for those rates. 90% / 10% seems as possible as it comes. Now think about it, some people are doing forex trading as a job, they work at a company that company gives him money, he trades with it, trying to make money for the company and so forth, these are huge financial companies we talk about, they hire a lot of those people to do trading for them in forex.

Now also think about regular joe, he wants to try his hand, he reads couple books maybe, maybe he knows names of couple indicators and what they do, and invests his 1000 bucks into it. Which one do you think is more likely to be wrong ? That is the difference between the 90% and the 10% , for the 10% its their jobs, for the 90% its their "tests".