It seems too good to be true to reach that amount. Even the price of almost $10,000 per coin is overwhelming how much more the $500,000 per coin. Bitcoin is continuously attracting many people because of its record breaking prices and returns to investors and if the demand will continue then it may reach that amount. Though it is decentralized, the government will still do something about it because it can affect the financial status of a country may it be good or bad if the price continuously rise and it would depend then on the policies or regulations they will implement of what the future of cryptocurrencies will be.

My biggest regret would be not buying more when it was cheap but who knows that its price now will be reach. I knew bitcoin about two years ago when it was around $350 but I am still skeptic about it. I finally bought when it is already $400 - $500 before the halving and then immediately invested in a cloud mining site that pays interest everyday. I was not able to get back the whole amount of what I invested before they are gone but since I got back some, I decided to gamble it and at first I am winning but later on, I am chasing losses resulting to more losses. I decided to study trading and lose more. I learned my lesson in this events so now, I continue to learn and earn the right way thanks to this forum.

There are so many websites nowadays that are having this ponzi scheme saying that they offer cloud mining services and then promise to pay fix interest that is too good to be true. Because of bitcoin's popularity, they are using it as a way of scamming people and many are enticed to invest into it and later on when they cannot get their money, they spread the rumors that bitcoin is scam. Many are newbies who are just greedy and doesn't research what bitcoin is all about. Some pay at first to attract more investors but later on, they would just be gone along with all the investors money and those who entered late would not even received a single penny.

As what others say, there are gems in etherdelta. At first it is hard to figure out how it works but as you trade more in there, you will be getting familiar with the process and it is important to pay more attention when you input the amount because there are many traders that miss one zero so instead of having gains, they end up with a loss. All of us have different perceptions when it comes to exchanges. Some may like it, some may not. Personally, I like trading in etherdelta because some of the coins are really cheap and many of those coins are listed here first before hitting the big exchanges.

Bitcoin surged past $9,000 for the first time, less than a week after topping $8,000 and taking its year-to-date rise to more than 850 percent.

The price of the largest cryptocurrency by market value is soaring as it gains greater mainstream attention despite warnings of an asset bubble. Everyone from Wall Street executives to venture capitalists has been weighing in with their thoughts on the digital currency, with some more skeptical than others. Bitcoin has climbed more than 40 percent over the past two weeks.

The surge has swept along individual investors. The number of accounts at Coinbase, one of the largest platforms for trading bitcoin and rival ethereum, has almost tripled to 13 million in the past year, according to Bespoke Investment Group LLC.

Bitcoin climbed as high as a record $9,518 on Sunday in New York before paring gains, according to composite pricing available on Bloomberg.

The rapid appreciation has made it difficult for bullish analysts and investors to keep their predictions up to date. Hedge fund manager Mike Novogratz, who is starting a $500 million fund to invest in cryptocurrencies, said last week that bitcoin would end the year at $10,000. A day later, Fundstrat head of research Thomas Lee doubled his price target to $11,500 by the middle of 2018.

In a move toward mainstream investing, CME Group Inc. has said it plans to start offering futures contracts for bitcoin, which could begin trading in December. JPMorgan Chase & Co., the largest U.S. bank, was weighing last week whether to help clients bet on bitcoin via the proposed futures contracts, according to a person with knowledge of the situation.

Bitcoin’s surge in value is forcing Wall Street banks to balance clients’ interest in speculating on the cryptocurrency with executives’ skepticism about its future. JPMorgan Chief Executive Officer Jamie Dimon has been one of bitcoin’s most prominent detractors, calling it a fraud and deriding buyers as “stupid,” while his finance chief, Marianne Lake, has struck a more measured tone. The firm is “open minded” to the potential uses for digital currencies so long as they are properly regulated, she said last month.

The total market cap of digital currencies now sits north of $290 billion, according to Coinmarketcap.com’s website.

Source: https://www.bloomberg.com/news/articles/2017-11-26/bitcoin-surges-past-9-000-as-euphoria-reaches-a-fever-pitch

By not spreading fear, uncertainty and doubt to people whenever there are bad news related to bitcoin. Some people just can't resist clicking the share button whenever they read something not even researching if it was fake or real news. In our own little way like knowing the real news would prevent the people from clicking the sell button because of panic. We cannot prevent the people from selling if they wanted to cash out and it was their plan but if they decide to sell because they panic when they read the news you just shared then that would not be good.

If the bitcoin community is rising then that would be good because it means bitcoin has many supporters and an additional demand. Basing on the law of supply and demand, if the supply is limited and demand is rising then that would mean a higher price. The community is rising because its exposure to the people has been rising as well. The media has been covering bitcoin non-stop because its price has been really attention grabbing and I saw some famous personalities like Robert Kiyosaki promoting it. He is a financial coach so those who are looking for ways to improve their financial situation will have a look at bitcoin.

I also tried Martingale strategy before because I thought I will not be able to lose consecutively 25x but it happened. I tried again because there is very small chance I would have that number of consecutive losses but then I lose again 25x so I just stop gambling doing that strategy because it will just exhaust all my funds in doing so. I lost a pretty large amount in gambling because of this strategy. It is just frustrating to lose and whenever I lose, I am getting emotional so I just decided to stop gambling and shifted my attention to trading. Trading is still gambling but at least, I have a plan first before entering into a trade not in gambling wherein I just depend on luck.

It would depend on you if you want to win back your loss. If you have that much money then you can continue but there is a possibility it will exhaust your funds. If I am in your position, I would just stop for the day and then think for a while if it is really worth it.

It's the combination of holding bitcoin in a cold storage, lending some in an exchange with fix profit and then trading.

With just holding bitcoin, its fiat value will grow but the number of bitcoin would stay the same. This is the most conservative way to grow your money since you are just waiting for the price to grow without doing anything but making sure you have a tight security in your wallet and it would be much better if you store it in a hardware wallet.

Lending however would have an interest of coins as well so the number of coins will grow. Though the interest may be small, if it will be accumulated then it will become a significant amount and if you add it to your lending capital then the interest would grow bigger as well.

Trading would be the most risky but the most profitable in the three because if you are an aggressive one, you can double your money in just a day given the many opportunities  because of the volatility of the market, you can find so many opportunities to enter in the market. If you are holding coins and then lending then you would be able to trade properly and with emotions intact because you are confident that you will still have income even if you will not be able to close your position in a day.

Both are profitable if you will be able to invest in the right altcoin or ICO. With altcoins already listed, there are a lot of them who are still so very active in developing their projects and some caught attention of big companies or personalities that's why it is mooning. The advantage of it over ICOs is that you can study the movement of the price in the previous months or years so you will have an idea of the lowest or highest price it will be able to reach while in ICO, there is a tendency that it will still stay low for some time before it flies to the moon.

While there are ICOs that are very successful and profitable, there are those that fails to deliver their promise so it depends on you where do you want to put your money. It would be better if you will diversify so that one way or another if one fails, you will still have others to depend upon.

Is your account verified now or there is no news yet? There are so many accounts that are blocked recently that's why it is taking them long to verify. You can just e-mail them and follow-up. You can also send a message to their social media accounts like in twitter or in their slack. Some of those unverified accounts before are already verified but some take months and because of the influx of users, there is a lot of work may be for them to verify. Your choice is just to wait until they verify.


I like Bittrex before but because of this problem, I am considering transferring to another exchange that has good support. I saw some people who have enhanced account already but still their account were disabled and they are required again to submit documents.

Iran’s High Council of Cyberspace, one of the main entities deciding the fate of virtual currencies in Iran, has welcomed the idea of Bitcoin and other cryptocurrencies if they are harnessed by clearly-stated regulations.

“We [at the HCC] welcome Bitcoin, but we must have regulations for Bitcoin and any other digital currency. Studies are necessary for considering a new currency,” Abolhassan Firouzabadi, HCC secretary, told ILNA.

He said HCC and the Central Bank of Iran are currently studying virtual currencies, as they have captured the attention of the world.

However, he points out that even though the CBI has yet to devise definitive regulations for Bitcoin and similar currencies, “many in Iran are dealing with Bitcoin, be it purchasing, selling or mining it, and even dealing with it in exchange shops, creating content and establishing startups”.

CBI has envisioned six documents on fintechs and cryptocurrencies that will be unveiled by the end of the next fiscal year in March 2019. Two of them, dealing with payment initiators and payment facilitators, have already been published with a third covering micropayments and related technologies in fintech to be announced in the next few weeks.

The fifth document exclusively deals with cryptocurrencies and will be unveiled by the time the sixth month of the next fiscal year comes to an end in September 2018.

As CBI has announced, it will be a regulatory framework instead of clear-cut regulations.

Firouzabadi said Iran’s central bank, like that of many other nations, has not come to a stable and defined stance on Bitcoin, noting that many countries look at it as a potentially dangerous option in light of its violent price fluctuations and investment risk.

Less than two weeks ago, the head of CBI’s Innovative Technologies Department, Nasser Hakimi, asked investors and the public to refrain from dealing with virtual currencies without proper knowledge and to remain cautious.

“Mechanisms of control and supervision over the supply of cryptocurrencies are being implemented through the collaboration of the central bank and related entities, but the people must be aware of their risks and dangers on the demand side,” he added.

Read more here: https://financialtribune.com/articles/economy-business-and-markets/76776/iran-welcomes-cryptocurrencies

You have the option to use the chart of your chosen exchange perhaps since it's free. The exchanges has its own charts like Poloniex, Bittrex, Binance so you can also do your analysis there but I think trading view is still more convenient. For me, the limitation of three indicators is enough to analyze a chart because after all, indicators are guides for us to speculate where the price might go. If there is confluence then that's the signal for me to open a position.


Trading view also let you follow your favorite traders and check their charts. It is more convenient for me because I will just check their profile and see if they were able to speculate properly and the most followed traders will also appear so I can have different point of view of the traders.

Before, USDT/Tether would be a good choice but due to recent issues with it, many people are now doubtful where to put their coins because when bitcoin make a major move whether bearish or bullish, alts are always affected so maybe your choice would be just to hold your coin or join the ride and short it. Though it would not be advisable for the people who are just learning trading because your account could be burned in a matter of minutes if you will not be able to monitor your trade and not put a stop loss. For the pro-traders, I have seen some who are making more profit in shorting rather than the opposite because when it drops, it drops really hard.

Bitcoin is the most popular among all the cryptocurrencies and most likely if someone doesn't know about cryptocurrency at all, the first one he would hear about is bitcoin. Many people knew about bitcoin but not about cryptocurrencies in general. Many thought that bitcoin is just the only digital currency if they will not further research about it and when they knew about the other thousand coins existing, they would be surprise. Bitcoin so far is use as a payment option by some merchants so it has usage in real world but for others, they are for speculation purposes only because their projects are not yet finished, its under development and some are just abandoned by the developers but already listed in exchanges.

It is the father of cryptocurrencies I must say because it is the first one and given its price history, many are amazed at how it increased in the past few years and the price surge lately because of the attraction it gets especially from those who have deep pockets thus a high price.

There is really a psychological resistance when it comes to that numbers. Even in 5,000, we have seen a psychological resistance months ago when there are many people who thought its already the end of bitcoin because of all the fear, uncertainty, and doubt spreading so before reaching 10,000, some people would sell thus a correction again. Though many are still doubtful about it, those who are already in the community are still positive that bitcoin would go further more this year reaching five digits which is not impossible when it comes to the unpredictable bitcoin. If however it will not reach the five digits this year, most likely majority would still be happy with their portfolio gains this year.

I can't really see cryptocurrencies replace cash in the future because technology is limited. Banks are spreading fear, uncertainty and doubt to people about bitcoin because it is affecting their business but the truth is that people still need them because cash can't be eliminated. There's about 16% of the people in the world or 1.2 billion people have little or no access to electricity and for those who have, about 40% have internet access so it would still be hard to implement something in which every one cannot have access. For those 40% who have internet access, who knows how many have knowledge about cryptocurrencies. It is slowly getting popular but still many just use it as store of value instead of currency.

Consumer protection are the governing laws in which the consumer are protected by possible scammers or unfair trades so since bitcoin has no law then there is no consumer protection. When it comes to bitcoin, you are on your own. You are not protected in case there are people who will scam you because there are no applicable laws. You just have to tighten security yourself by having strong passwords, 2FA, offline wallet, using escrow to prevent being hacked or scam. This is why many people are still doubtful about the cryptocurrency because they want to be secured in case there are some things that will happen unfavorable to them.

KUALA LUMPUR: Whoever converts cryptocurrencies into fiat monies will be scrutinised under the anti-money laundering laws beginning next year, says Tan Sri Muhammad Ibrahim.

These “reporting institutions” will come under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

The Bank Negara governor said the move was to prevent abuse for criminal and unlawful activities and to ensure the stability and integrity of the financial system.

He said recent advancements in financial technology provided new opportunities for anonymity.

“The advent of digital currencies will mark the beginning of a new era in the financial sector and as authorities, we cannot be oblivious to these developments.

“As such, Bank Negara has initiated the development of a regulatory structure for digital currencies,” he said during the Third Counter-Terrorism Financing Summit 2017 here yesterday.

It was organised in partnership with the Australian Transaction Reports and Analysis Centre and the Indonesian Transaction Reports and Analysis Centre.

Muhammad told the delegates from over 30 countries that fund-raising through social media and other online platforms had increased in prominence.

He stressed that rapid technological developments offered immense potential for economic growth.

Unfortunately, these also spawned new ways for terrorist organisations to acquire, move and manage their funds, he added.

He suggested strategies that would erect stronger defences within the financial system.

The central bank is also finalising the details of a new requirement for the banking and money services business sectors to report remittances in high-risk areas. These will then be determined based on intelligence from law enforcement agencies on areas that may pose higher risks for terrorism funding.

“Greater access of intelligence information for financial institutions and the increased threats from the Islamic State had resulted in the upward trend of reporting of suspicious transaction reports (STR),” he said.

Between January and July this year, Bank Negara received 346 terrorism financing related STRs, which led to 34 disclosures to law enforcement agencies, compared to 93 in 2015, which led to 14 disclosures.

Read more at https://www.thestar.com.my/news/nation/2017/11/23/whoever-converts-digital-currencies-to-fiat-monies-should-beware/

I am no means an expert but just to share a few of what I learned in trading is that you cannot predict where the price will go because all of us are just speculating what is the possible outcome. All traders have different strategies depending on what's comfortable for them and you have to know if you would like to be a day trader, short term or long term trader or swing trader. As what others said, trading cryptocurrency is different from trading stocks or forex but it is still the same people who are trading. People are the market and you would think what the majority of the market will do in this situation and in cryptocurrency they are the whales who have deep pockets controlling the price so if possible that you can figure out the moves of the whale then you can profit from trading crypto. You can learn only when you experience trading yourself so the best way would be to try it and figure out your own strategy. Do not let your emotions to the trading for you.