It would be good if what they are actually protecting is economic growth and if that is what they really want to achieve, we won't be seeing governments coming up with very strict policies or trying to ban cryptocurrencies. Nevertheless, the thing is that they should know already that being a decentralized environment that has really gone viral; it is really hard for any government to control anyone and with that, being scared is not even an option.

Yeah, with cryptocurrency and the way things are going, I am sure that period where banks always put people first before their own selfish interest is still coming. A time will come when I believe banks will definitely come up with several incentives all in the name of trying to attract lost customers. It might be too late, it may not, but however it is, it will bring huge competition to the banks and then make them try all means to keep making things work.

You mean bitcoiners by active people ? We are in middle of evolution of science and technology which may land the human race into another planet also where bitcoin might be a prime mode of payments also. Hence get ready. (Assuming myself as an active person as I am a bitcoiner).

That is basically the idea and anyone who is doing otherwise now without the skills to trade is going to be taking a huge risk. Yes, the market may still fall a little lower, but traders know what to look for in case things get the other way instantly. This kind of selling decision at this point in time makes a lot of investors panic unnecessarily and that to me is their fault.

Holding on and looking at what the future brings is what counts as not everyone can be a trader obviously. When prices are testing $6000 levels strength on support, I believe we must go for buying more as selling right now may end up in regretting when market may fail to break the strong $6000 levels.

Yes, no one can actually predict anything, but I am actually envisaging $15k by December and nothing more. Before then we would have got way lower than we are now and that would be the first recovery move somehow. From July 1st week or sooner than that, it means by last week of June also has more probabilities to show sharp recoveries in bitcoin prices.

The things however is to just take advantage of these lows now and wait to see how that ends. One thing I am sure of is that anyone who is buying now is making a great move for the big move in the long run.

Yeah, when August comes we will get to see what happens but at this stage nothing is predictable. Although, I have the feelings that some altcoins are going to experience rally by August but I am not expecting there would be so much to expect with bitcoin but during this rally bitcoin might be in a short term uptrend and consolidation. Buying some of the altcoin with prospect now will actually be a superb move anyway for those who may be looking forward to at least compensate themselves with the current downtrend.

No one can actually know anything at this point in time, bitcoin is in a downtrend at the moment and that is the only thing we have for now but unfortunately different things get to play out we will see in a matter of days. I am expecting this is the cheaper price and if we wait more then we may get only more expensive prices to get within.

But there is still a very huge possibility that bitcoin may not go lower than $6k as there will be a big possibilities for forming a double bottom and a bounce from that region and that shows a possibility of at least a short reversal but for now, nothing is guaranteed and anything being said is going to be a baseless assumption.

Well thought indeed. The thing is that we cannot know how things would happen how events will unfold and even as traders, we try to find possibilities and probabilities based on what we see and then trade it while taking huge risks.

This is a market, nothing is certain but there is so much goodies that awaits with future development and rather than focusing so much on what one did not do in the past, we should be focusing on what we should do now to enjoy the future benefits which I hope most people should have learned now and which you also have pointed out.

Seems like this is what everyone is beginning to wonder now and it is becoming really worrisome as it is sending some negative waves to the market. Yes, the market is manipulated as I have seen series of washing, and a way to generate false or misleading movements in the market which is totally not good.

Manipulation is generally illegal in most markets like stocks but since this is a decentralized space, this is now beginning to become rampant and I hope something can be done in near future to stop those manipulators to safe guard the rest of innocent traders. Because, we cannot simply keep watching some people controlling the entire markets.

Knowledge is important in anything and the good thing about the digital age is that they are easily accessible as we get to see people talk about their experience which anyone can learn from, see how they can make things better and how they can take advantage of the best opportunities in the space without bringing any form of emotion into it.

This is just the tip that works best for any beginner, which is to learn the area of your investment perfectly well and you will be making quality and well-informed decisions.

I was actually expecting someone to come up with this, and you are indeed right. Since there is no third party involved, transaction does not have to go through the bank, you can easily remain anonymous, that then makes it easy to get things done without the government being involved and evading tax in such circumstances comes easy.

Moreover, For the whole FJ thing, it is becoming more of a worry though as that was not the typical idea of making use of online gambling and with things like this going on with FJ, the bottom is surely waiting for them.

I want to believe the treatment is as a result of how mist gamblers eventually ended up turning out.
While some were able to invest some brains into their skull to realize nothing good comes out of it and gamble accordingly or not gamble at all.

A larger percentage of gamblers just usually end up losing their should entirely to gambling which is why they screw up so bad and anyone who points at them would be like, gambling destroyed his life, so in that way, gambling will definitely be portrayed to be negative. If it is not so then it might lead to more destruction of innocent gamblers. At least this way could be considered as a method to save them.

Well, that depends on how high the leverage you are placing is and how knowledgeable you are when it comes to trading. I have never liked leverage trading anyway because in the real sense, you are actually gambling and in this case it is even more of an educated gambling for those with knowledge than the real style of trading. In this case, you are either losing or you are winning and nothing like patience to hold as in the case of trading normally but in a way, with great knowledge, it is still better than normal gambling in a way.

That is the martingale strategy . I fell for it when I used to gamble, got so comfortable with it that I will just let it keep rolling until one day when I realized the house edge will always win when those long streak of losses comes. This is a game of chance and sometimes, we always get to forget that all in the name of thinking we have arrived with some strategy and then we just lose everything at the end.

The worst thing that can ever happen to any gambler is things working out pretty fine from the start, getting so comfortable, and falling straight into that trap.

Yeah, every stage is always a learning experience and if only most people can try as much as possible to learn here is never to panic no matter how the case might be now.

We saw a huge FOMO rush last year and it is expected that stuff like this is bound to happen, most especially when the price was driven by just mere speculation and manipulation with everyone just trying to get rich and not real demand. However, when the market gets a huge correction, which is usually more of a chance for anyone to get in at that period so as to get the best from it eventually.

The problem is that almost those who got in late last year got in for the wrong reasons with the assumption that the market is set to keep moving up. The news did not help, media kept coming up with reasons why bitcoin is ready to moon, the whales keep giving their own reasons, price got manipulated, everyone wanted to just get in as fast as they can and then it happened and here we are now.

Until some of these guys started seeing what they have invested in grow in value than what they bought it, I am sure moaning would not stop but at the same time, it is normal.

I really do not know why I prefer Authy to Gmail authenticator, which is by the way though. Backing up is not a problem if you can at least remember the email you used while setting up the authenticators be it, Authy or Gmail Authenticator.
For Authy however, it even helps with back up passwords which you can easily use to log in on any device after downloading the app and be able to have access back to all your linked 2FA logins so I have never found losing my device to be a problem.

Yes. Cautious regulation will help a lot of things and at the same time will not limit the growth of the space just like the way it was discussed by the SEC boss during the last conference. Regulation should come in a lenient way and even as lenient as it may be, it should be focused more on trying to reduce some level of illegal activities that can as well affect the market's growth.

I believe with such scenario, things will get better over time and the growth will be a lovely thing to experience due to mainstream adoption.

There is absolute no doubt that he has the right to stick with his opinion, since it is the speculation anyway, but there are some opinion that are total B.S. and we all know it is impossible. At least, speculations should be realistic and it is more like discussing the possibilities in the future. This one is total impossibility as far as I am concerned, and there is no way anyone expecting this will ever get it. $5000 and less is still not possible anyway then how we could agree with OP.

I am expecting a sharp bounce back in coming days toward $9800 levels as market once again proved the traders physiology of support levels around $6300 levels. Breaking of $10k may open doors toward $12,400 and then $15,900 levels. Lets wait and watch how crucial coming weeks are regarding how support and resistance levels will hold up.

Yes. It would not even get any answer since no one can see the future anyway. Bouncing back can happen anytime but not soon which is the reason why I believe that anyone should be taking advantage of the dip as it is right now.

As we wait to see how events unfold, I am sure there would still be some movement in between to take advantage of, and it is left for those who are smart enough to take it to do so. The market is always going to be unpredictable and those who have been in the space for a while now will know better.

Really huge pressure and I simply do not expect the institutional investors to get into action at this point in time, when there is absolutely the chance of the market going way lower than this and with that, it is obvious that we may have to keep experiencing the outcome of the rapid increase of last year.

I still believe they are lurking around the corner anyway and this will even give time for development and maybe the next movement when the institutions are in the market, and bitcoin gets set for mainstream adoption, we may then see a real demand for it.