I think the best bit of advice to people thinking about selling is to sell a portion right now. The reality is that the temptation to sell will no longer be a temptation but reality the moment the price takes another dump.

Lowering your exposure to Bitcoin or any other crypto when you are in doubt will help you to avoid stressing out too much, especially when you are here just for the profits and don't really care much about the fundamentals.

I remember last year how people almost laughed at panic sellers for selling around $10k while most emotionally attached hodlers kept hodling. It's clear who had the last laugh when we dumped to $3000.

It's always in hindsight that you can figure out what the trend has really been, but there are certain indicators that do provide the signals people need to consider the short term price action bullish or bearish.

Currently I'm leaning towards bearish momentum with how we have done nothing but settle lower highs and lower lows after the peak was hit. It's somewhat similar to what happened after the 2017 peak.

I'm not saying the exact same pattern will play out, and it likely won't, but we can expect similar price activity in the sense that we have peaked and now are looking to bottom out somewhere.

Correct, it's impossible to discard but on the other hand, it also helps people hold on to a certain type of investment for a long period of time. If an asset has fundamental value, that's actually a good thing.

Not everyone is born wealthy, so there is always believe or hope that by investing in a stock or Bitcoin, their quality of life will improve as the asset appreciates in value. It's a combination of being emotionally attached and greed in this case.

I think this is a very important reason why people here are so attached to Bitcoin, while the more wealthy investors just look at it as an interesting hedge or short to medium term profit flip.

It matters what Trump thinks about Bitcoin because he will very likely tweet about it and therefore generate a lot of worldwide publicity. Hundreds of millions of people will know that he Tweets about it, which is some crazy exposure.

As for Trump not becoming the president for another term, it's impossible to say or know with how he became president while not many people thought he had a shot. Don't just assume that everybody thinks like you.

I actually believe that there is a realistic shot for Trump being president for one more term. He might be one of the weirdest presidents in US history, but maybe that's exactly what they need over there.

I have done that quite frequently when I was still trading, and it actually worked out well. I know it's definitely not something you should do as rational trader, but in my case as a hodler I can't really go wrong doing so.

Before the $6000 mark broke last year I bought spot purely to flip it for a profit higher, but the trade itself didn't works out well. I decided not to sell at a loss but hodl instead, which at current levels has offered a great entry point.

Looking at how most traders react to a change in market dynamics, they have no problems taking a hit to ride newly formed trend. Get rich quick noobs have no problems selling either because they always sell when the price dumps.

I legit wonder how much demand there is for physically settled Bitcoin futures. CME has done an exceptional job providing the US a convenient platform for cash settled futures, so much so that CBOE gave up.

It's not unthinkable that these physically settled Bitcoin futures will not be popular because those who actually trade these products are just looking to capture Bitcoin's potential, which CME's futures already do successfully.

The only difference that might appeal to people is that Bakkt's contracts provide a 1BTC entry point, while the CME contracts start at 5BTC per contract. This is a pretty significant difference at today's prices.

If you can freely do anything you like as the most powerful government in the world, there for that exact reason nobody is going against you, would there really be a reason to not behave like this? It's a clear form of power abuse.

As for banks being caught money laundering but ended up with a fine they have no problems paying, that's purposely done like this. It's a welcome form of income from the side of the government.

If you fine banks with amounts that are well beyond the profits they made from laundering money, they will stop because it's no longer worth the risk, which means that governments lose an important form of income.

This whole system is rotten to its core.

It is disrespectful when you call Bitcoin rat poison and laugh when your fellow Berkshire Hathaway board member Charley Munger refers to people here as traders of harvested baby brains. It's disgusting too.

So tell me, how do you interpret the above statements? Can you understand that too?

Why would he say anything negative about Bitcoin? If someone asks me about something I'm not interested in, I'll just tell that person that I have no clue and don't really care either, and leave it at that.

I have seen other high level investors do exactly that and this is how it should be. It's easier and less of a hassle to follow that route because it would discourage the media from asking the same stupid question over and over.

As odd as it may seem, I'm quite comfortable with Bcash. It rolls off your tongue quite easily regardless of where you come from, and is a very bendable property. It could become wildly popular if pushed hard.

People's use of Bcash within the crypto community obviously has a negative connotation to it, but it doesn't really have to be. If I was Roger Ver I would try to leverage this whole situation and turn it into something positive.

I think it's not just that Bitcoin isn't inherently a physical object, but also the whole idea behind it-- Buffett has never really gone through any problems with either a financial institution or a government.

This system is what allows him to become and stay successful, so why would he even bother investing in Bitcoin? I respect his way of doing business despite him being so disrespectful towards Bitcoin and the people owning it.

People should stop focus on Buffett and spend more time educating people who are actually interested in this technology. It's a much better allocation of your time and benefits every Bitcoin enthusiast.

I appreciate conservative outlooks, but this has gone far past the conservative outlook.   

Bitcoin likes to repeat its cycles as can be seen in the charts, and while past events don't mean that we will follow the exactly same path in the future, the cycles will closely rhyme.

Bitcoin is still in its infancy where speculation is still the driving demand factor, which means that from cycle to cycle prices will continue to become severely overbought at the top, and severely oversold at the bottom.

I would actually be somewhat worried if the price doesn't manage to break $20k before 2029, especially with how bullish the developments have been and will be. If the price doesn't reflect that something is not right.

BitMEX has generated $2.58 billion in volume in the last 24 hours, which means that there is still plenty of healthy trading going on there. It might take some time before the outflow of capital will hurt their volumes.

Important to point out is that BitMEX's price is derived from Coinbase Pro, Bitstamp and Kraken. It will not affect the price on spot exchanges would the volume on BitMEX drop to for example $1 billion or even lower.

I pay more attention to how much liquidity there is left on spot exchanges, which is still reasonable given the decline in interest now the price isn't going up anymore. Time will tell if it stays like this....

I read about it. It worried me initially because for a long time I have been a BTC-E user, and if Vinnik has actually used this exchange to launder the stolen coins, it very well could be that people like me have withdrawn them.

BTC-E was a very popular amongst non criminals too, just like how people currently like the relative freedom that Binance still offers. It was one of the most liquid exchanges overall and never really had many problems prior to their shutdown.

At the end of the day, it has never really been proven that BTC-E was used to launder stolen coins. It might just as well have been a dirty cheat by authorities to strengthen their case against Vinnik.

It sounds cooler than it actually is-- both the sender and receiver don't ever get to deal with Bitcoin.

They also claim that they do this to provide an alternative to swift which is expensive to use. If you however look at Bitex's 1-2% fees per transaction, it's still very expensive, especially when you transact with large amounts.

If you want to transfer $100k, simple math tells me that at 2% the fees are way higher than what swift and the intermediary banks charge. This is only a viable option when it comes to low value transactions.

I do welcome developments that make it easier for businesses to actually provide their crypto related services to the users without having to worry about breaking the law, etc.

On the other hand, it's also interesting to see how people seem to discard what they initially liked about Bitcoin, which is that you no longer need a bank or any other greedy centralized financial institution.

The same applies how Bitcoin was seen as a payment tool because it was fast and cheap, and now it's just digital gold or an investment too-- either way, not what they initially praised Bitcoin for.

I don't think it's a matter of them not wanting to understand Bitcoin, but more so that the way they use Bitcoin comes down to leaving it on exchanges and from there send out and receive Bitcoin.

Based on that basic form of (stupid) use, they don't need to dig further. If their needs are met, which seems to be the case, they know everything they need to know. Using an exchange is the simplest thing there is.

I think people are waking up slowly but surely-- I have seen enough to know that the criminal use narrative is shifting from Bitcoin to XMR and other privacy coins. People even ridicule Bitcoin for not being private.

It's not looking all that good right now, but I think people forget to appreciate at what levels we trade today. The market has a bearish tint to it around $9500 which is way higher than when the market was bearish below $4000.

Overall, it feels too early to consider the $10k mark to be in the pocket and therefore perfectly normal that we see the price bounce up and down. Realistically speaking, there is much more potential to the downside than what we have seen.

I really thought that we would fall below $9000 as I was watching the price action live, but then saw how it jumped back up to continue going side ways, which it has been doing for two days now.

Charts change from hour to hour and some times even from minute to minute-- you shouldn't expect the charts you 'successfully' traded some days ago will help you make profits in an identical manner today.

The thing with people is that they make profit by luck, then assume that their technical analysis was spot on, but when luck runs out they suddenly think technical analysis is no longer working and therefore useless. It doesn't work like that.

This once again shows that most people not only aren't made for trading, but more importantly, don't look at their own mistakes but blame external elements for their own failure.

People currently seem to hype up a looming golden cross on social media and hope it will result in the price to pump, but I doubt that it will move the price with how it has gone up a lot already.

It might be calculated in today's price already, just like the block halving may be. What was the last time traders and investors didn't front run a bullish event? By the time events take place people usually sell the news.

With how the price has been slowly trending down for a while now, it wouldn't surprise me if we see a counter move when this golden cross takes place and go down instead.

Didn't they seize a part of BTC-Es hot wallets when they took the exchange down? I haven't seen much coverage of what would happen with these coins, so if they actually did seize coins, they should be sitting on dozens of millions.

The thing with the US is that they will chase you down regardless of where you are. They are referred to as the world police for a reason. It really sucks that they can bend rules like that, but it's not the first time that this has happened.

Overall, I highly doubt that any amount will be paid and I'm happy for that because this sort of behavior shouldn't be rewarded. It will only motivate them more to shut down exchanges left and right.