This is no extravagant prediction IMO as this was bound to happen. Price goes down sharply = miners would sell off their machines and wait for another good run. Everyone seemed to overshoot their expectations on bitcoin, and due to that failure to recognize that bitcoin already lost steam once it reavhed $19k, everyone still thought that it'll push, and ended up investing more.

2018 is like a shit show for all investment-related subjects, and bitcoin isn't alone on the ordeal. Even stocks and other properties have taken a beating, resulting to losses for investors.

Or they imply cannot come up with effective solutions to try and regulate crypto? If other giant countries can do it, why can't they? Their priorities are far more focused on something that doesn't benefit the citizens much, just look at the giant statue that they erected. This is simply neglecting their citizens from the benefits of bitcoin and cryptocurrencies IMO, and not some case of regulations that are hard to impose.

One of the major problems I see for bitcoin is the number of places you can actually spend your coins at, thus creating a ripple effect that somewhat forces people to not use their coins as they don't feel the need to, given that using bitcoin as a speculative asset is far more viable than using it to buy on shops. If only there are lots of places to use bitcoin at, we might see some interesting change on use-case, but sadly that's not the case. Services and institutions are busy creating platforms to facilitate trades but merchants are left on using fiat due to bitcoin being so volatile.

Bitcoin ETFs are anticipated due to its expected price boost to the market; it couls potentially spark another bull run to a new ATH, igniting yet another cycle of the market. They are only good for a certain amount of time, but once people on the other side of the spectrum decides that they have had their fill, they'd intentionally bring the market down just so they can have a good entry point again should they decide to come in on the market once more.

That is an unknown territory for now, and we're better off focusing on fundamentals rather than another unstable push of price to greater heights only for it to crumble too fast. We might need another hype train that's so massive and another drive of VC funding coming in to bitcoin before seeing a new ATH. Right now, only a few things are happening Q1 of 2019, and that's still not sure that we're gonna see some price action should these gets into materialization (primarily the Bakkt launch that most people seem to be talking about.)

Legality for the sake of publicity is like a hit or miss thing for bitcoin and crypto, honestly. Governments would just hoard it and probably be dumping in our asses once they have had their fill or it could promote stability of bitcoin since more and more coins are being held by governments and a few are left for speculation. This would surely garner publicity, but how sure are we that the implications of such a move wouldn't be on the negative? If third-party processors are involved in the scheme (in this case Bitpay) it could be good as the money would easily be converted to fiat and not held by someone, especially if that someone is the government.

Of course, since blockchain is just, in essence, a database and a ledger, storing information within its chains of block. It does not necessarily need to mint a token/coin in order to use the tech as production of new data in the process could form chains of blocks of data, too. It can be implemented wherever viable, and a secure way of handling data and validation, too that's why some banks, countries and institutions are already exploring the possibilities for blockchain applications.

First reason that they.come up with is to prevent money laundering before it even becomes big. I don't see and feel the need for such bans as money laundering and fraud can still be accomplished using traditional financial instruments. If only they see the bigger picture and just allow bitcoin and crypto to flourish and find ways to monetize it instead of banning, that'll be great and far more beneficial than their proposed solution, but I guess some countries wouldn't just accept modern technologies easily, as evidenced by these countries banning bitcoin without a pleasing and convincing argument.

Noticed this as well, and what's cool is that this is also the time in which most East Asian traders should be awake (Koreans, Chinese and Japanese). I'm not directly saying that they are the culprits on such big drops but since there's already this repeating pattern of huge market activity during midnight UTC, it could very well be them. The market and platforms are open 24/7 and it's time consuming to list down all the high activity hours but we could draw a line from there, and it might produce interesting results as well.

IMO this is just normal considering that some miners might have bought their machines during the climb, which explains that the machines' price were somewhat outrageous. Some small miners are also shutting down for obvious reasons, and poor hindsight as well since some miners thought that it will be always a sunny day for crypto, and have invested loads of money into machines due to greediness. This, perhaps, is just a failure in one's business model without considering factors of losses and whatnot.

I guess this is already embedded within an average investor's psyche: trying to time and game the markets for maximum leverage and discrediting the opportunities arising thinking that he can always make one if he so do want. I've seen countless of posts regarding not buying early when the price is slowly rising and not buying late when the price is already at the lowest ebbs of the current cycle. Most can't just fully commit into investing, and just end up leaving comments on the sidelines without actually experiencing the market conditions first-hand.

This will never be changed. Everyone wants to profit, but not everyone has the guts to start it.

For bitcoin die-hards, this is actually not the case as they care only about profits and not spreading the development and the idea about cryptocurrencies. Sooner or later, bitcoin market dominance will fall, as the money would surely go to other developed cryptocurrencies and people would learn that other coins exist apart from bitcoin, and they will now learn to diversify and bet on different coins. BTC market dominance is just an indicator of how much attention bitcoin markets are getting, and apart from that it's nothing else, really.

I wouldn't call it a recovery given that these are just short market fluctuations happening from time to time, and right now we are still kissing the realms of $3200-$3300 before going back to $3400 so we're pretty much in the bear territory at the time of this writing. I would remain in the buying side though to further average down my buys, and have successfully touched $4200 on my average entry point which IMO is not bad for the current market conditions. Short-term however, we're still on murky waters, and I wouldn't advice anyone buying especially if they're not here for the long run.

This has been discussed for a long time now. Stablecoins are actually great for hedging and arbitrage trading, but then the system of it getting its value by being pegged into something is quite sketchy, and most people don't even think that the first stablecoin, USDT, is actually backed by real dollars on Tether reserves. Once the company crumbles, those who are left with the said stablecoins are in for a spin, and I don't think that it will be a great scenery to watch even from afar knowing that regulators would surely get their heads and tails on to cryptocurrencies again.

https://bitcointalk.org/index.php?topic=775174.0

There you go. Most of Satoshi's dox and login credentials were somewhat compromised in 2014 and was sold in the darknet as was told by experts who happened to come across the posts. Also, if that wasn't sufficient evidence enough, how come would theymos release a statement saying that the email and online handles were compromised if he's sure that satoshi was the one posting from it? Until no signed message was provided, any posts made by satoshi's online accounts would be considered compromised.

I wasn't an investor in Nov-Dec 2013 but was just a keen onlooker on things that's happening for bitcoin. I was only starting to read here and there about bitcoin until I made my first purchase in April or May 2014, back when the price was hovering @ $300. Back then I thought that it will never achieve the same price point over again seeing how the littlest of price increase ($20-$50) were immediately shut down by the bears. Basically, everything was a shit show in 2014-2015, together with China banning and un-banning crypto. As an investor, I just bought until I have a hefty stash, waited for the price to get up and sold. Just don't stress yourself up in checking the prices during crashes as it will really return negative search results; just keep on with your life and just leave your stash on where they are until you hear a buzz regarding crypto and its markets.

One thing I learned (unconsciously) on bitcoin is to just continue buying to average down your entry point. I've unconsciously done it in 2014 back when I was so naive to think of slowing down buying knowing that I'm just a minimum wage earner. I continued buying for 3 years until the market boomed, and never have I expected the market to go so big and to profit hugely off of it. Perhaps I have to thank my naivety on such topics but then again, I've learned to just do my thing and not be overly-greedy and get poor results. I bailed @ $2900 from an average buy of $700, bought again @ $4100 and sold @ $17000 while everyone was busy hyping the market. One can never predict the true bottom and top unless you're some sort of a time traveler, and you can never buy and sell perfectly into these places since the market moves so fast.

Every fall from the previous ATH is a 'record fall' if you're in the market for far too long, and no, G20 wouldn't do much for bitcoin simply because legality =/ adoption. They can add all the taxation and regulatory framework they so do like for bitcoin, but if people still don't feel the need to be a part of the ecosystem, they simply wouldn't do shit and let everything go to waste. It promotes strong confidence for the institutional investors, but for the general masses which I think is the major user-base of bitcoin, this changes nothing.

This should be in Meta.

The idea of this forum is to post things related to bitcoin and/or developments made in the said crypto. Though this was somewhat becoming a hub for social interactions nowadays, I feel that it will lose its identity of being an old-looking forum if we had added that said feature here. It's fine as it is, and people can share ideas and whatnot on the boards (albeit the excessive spam, but whatever) so why add something that is not-so-important and does the same job as to what's currently existing now?

Surely no one would want to mine anymore knowing how expensive mining gears can be, and the cost of electricity would be too high to say the least that it is utterly not viable for anyone to gain $12.5 per block should bitcoin be priced again @ $1 each. Anyone who has a big farm are better off selling their units rather than earn $12.5/block with millions of dollars worth of gear. These things are too trivial at this point, and I think these were made to confuse the minds of holders even further.

Price would never go back to double digits, and that's a fact.