Ahh yes, slow economic growth = fear of bitcoin not keeping up with the negatives..

Ahh no, not at all. It is more likely for bitcoin to boom in an event of a bad economic activity rather than flop together with overleveraged assets and drown within the woes of the financial industry. Fear index means nothing for bitcoin and in fact, most financial experts believe that bitcoin and gold would be the best assets to hold until the whole mess resolves itself. This is a classic FUD post that happens every so often, especially timed with bad market performance and negative news surrounding the ecosystem.

As for me, I'm not uncertain of my investments. I'll keep them as they are.

Q4 2014 was also not the brightest, and mind you it's exactly a year from the previous ATH, just like what we're having right now. To think that everyone is drawing a line and assuming that to be the movement of bitcoin is kinda sad knowing how volatile this market could get. 2015-2017 Q4 bull runs was a streak, that's a fact, but how certain are we that it's going to repeat the same trend? Most broke people right now are the ones who blindly invested in bitcoin without any statistics and facts to back their investment, just charts from the past 3 years. Current market conditions aren't the same as they were for the past 3 years lol, get a grip.

It's kind of annoying that people still fall for these entry-level scamming practice, and the worst part is that bitcoin ATMs are being used as an avenue to make things work for the scammers. If someone asks you for an unpaid tax or debt and they claim that they are from the government's taxation/legal department, why would they issue you a different bank account that isn't associated in any way to the government, let alone a bitcoin ATM? The fault right here isn't on the operators of the ATMs but rather those people who are gullible enough to actually pay their tax on an obvious private account.

Yes, she may be in favor of cryptocurrencies, but what good does it do in our current state of affairs? Words will only be words if they aren't spearheading something that would be beneficial to cryptocurrency users and the general masses as well. See everyone supporting cryptocurrencies once a good project outline comes from them. The only thing holding back the general public into using crypto is the lack of support from the government and financial institutions, and once that is cleared out, they will come into crypto in waves that's for sure.

Short-term future cryptocurrency is headed towards destination fck*d, but long-term is future is still beautiful if the IMF is really into something for the development of cryptocurrencies.

Talk about a techy and innovative money-grab these startups are doing CMIIW, but ever since the advent of ETH and other dapps built on top of it, no fresh and interesting projects and ideas have surfaced, and most ICOs, projects and new coins popping are just the copy of the same coin offering a few extra on the side and changed names just so it looks new. I'm not against startups and and innovation, but there's really nothing new for the masses to churn that can really be called innovation for me, add to that fact that in order to sell, these guys would just use the word 'blockchain' on top of what they really offer.

I guess desperate times calls for desperate measures. I'd love to see something really extraordinary that can be used by most people and not just the same, recycled projects over and over again.

Quite an interesting thought regarding bitcoin and its current state. However one must remember that even before official financial institutions, organizations and firms existed, gold was around, was used as money in almost every country available and it, too is deflationary in nature. Bitcoin, while deflationary, still has the tendency to lose value in the short-term, and the long-term appreciation of value isn't guaranteed either, so assuming that bitcoin will always appreciate in price is already wrong. It's a usable form of money but not as excellent compared to fiat currency that we have today, but then again, it's easier and more convenient to use than gold as money since you have the hassle of carrying gold wherever you need to go and most shops would need to cut the gold precisely just to get the value that they needed. It doesn't offer easier divisibility unlike bitcoin and fiat currency, so again, gold would still be a worse form of money than bitcoin.

If Roger Ver, a pioneer in bitcoin and has a vast knowledge regarding its ins and outs, questions Craig Wright's knowledge on the technicalities and intricacies of several aspects of their (SV) implementation, why would I even trust the guy based on my own knowledge about it? And no, what Ver stated isn't an attack to Wright due to the hash wars, but he noticed this a while back while they are still in good terms. But to think that Wright has a lot of hash power on his arsenal, he can, at will, toy with bitcoin and BCH just to prove a point, but that doesn't make him any smarter by pointing a 'flaw' that developers and the community have overlooked in years of developing bitcoin.

Of course, bitcoin is far from perfect, but then again it has managed to withstand several conflicts and crashes on its almost 10 years of existence. Bitcoin is far from being over, and most of the community have already called out Wright for whatever he's doing to the cryptosphere right now.

I just made a quick search in the forum when everything happened, and that was 10pm or so in here and I instantly placed a buy order @ $5100 in a local exchange since I thought it will get lower than the $5500 I'm witnessing during those hours. I was literally blown away on how fast things went in just a span of an hour and instantly, I saw tweets from Wright and other big names in crypto regarding the state of bitcoin and other coins. I don't want to get the price go down further but in all seriousness, if my $5100 buy orders were filled, my average price would be placed @ $5600 and I'll be happy for that.

That's actually another thing that I noticed concerning crypto-startups and new ventures: using the overhyped word blockchain in order to get a huge heap of funding from investors. In reality, these startups and companies introducing a new 'platform' in the competitive market doesn't really bring that much to the table, just calling an already-existing solution some fancy wording to get the interest of the masses. While I do think the blockchain tech has a lot in store for our future society, the companies aren't just doing their jobs pretty well, and the tendency is that they use the word only to fail ultimately in the end.

These centralized financial institution would always find reasons to hate and shit on bitcoin, and there's nothing we can do about that. As bitcoin takes a huge beating on the prices, the same dudes would be too quick to lash out on the imperfections and insecurities they see on bitcoin without any regard for their own flaws. We've experienced worse cases before compared to what we're having right now, and I'm pretty sure we'll recover from this flash crash.

Show them the difference between paying with bitcoins and paying with credit cards. There's no real incentive in accepting bitcoin as payment apart from lower fees as opposed to credit cards. The merchant would also need to convert to cash ASAP and that's another area of consideration, too. If multiple payment processors similar to BitPay pop up and offer competive rates, perhaps merchants would consider.accepting bitcoins, but right now they're locked into accepting credit/debit cards and cash since they're the only viable options around.

Nah, Christine Lagarde has stated that central banks should issue digital currencies very recently, which makes me think that the IMF is pro-innovation and is on the side of cryptocurrencies to a certain extent. The recent drop, IMO, is from the BCH forking drama between ABC and SV, and it's quite funny and puzzling at the same time given that the said coin is completely independent of bitcoin and other cryptocurrencies yet it managed to bring down the price to where it is right now.

Less stable in what terms? The figures you have provided clearly don't state anything of clear importance to me, and no, centralized coins won't replace cryptocurrency since you can clearly see that in the midst of crashes and burns of decentralized coins, people still choose them over XRP and the likes. A brief green on the books while everything else is red isn't a clear indication of a more favorable market condition in the long run. But yeah, I guess whatever floats your boat then; it's your money anyway.

The recent events that unfolded really is a shocker, and no one really anticipated a flash crash since almost everyone thought that it would just be a sideways market until 2019, but how wrong were we to not count the guys working to get the upper hand on the BCH fork mess to do some dick move and make the market crash intentionally just to tell everyone that he has the bigger dick. Anyway though, still have high hopes for bitcoin since it's going so strong and so well up until this point.

I just wouldn't want to hear or read any overly-optimistic predictions right now since they are really improbable to happen in the short-term.

Knowing that the price slipped $200 more than his projections, I believe that this isn't the end of the carnage and there would likely be more room for bloodbath in the next coming days until the fork is finalized. I'd still have my funds on the ready though in case it slips into my target price ($5000) and I'm willing to take the losses should the bottom slid further. As of now, everyone should pay attention on the development of the BCH fork drama as they seem to have more control on bitcoin than we ever thought they have, and it could also be a basis of our next trades just like how China and their on-off stance regarding bitcoin in 2015.

The big money, especially the banks are laundering money longer than we could ever imagine. They are so good at not getting caught that it looks as if they aren't doing something fishy on the sidelines, yet the one who speaks most trash usually are the ones producing it. Bitcoin has been the target of diversion for these banks due to its pseudo-anonymous nature; for these guys in the banks, anything anonymous should raise a red flag, but for the most part bitcoin is used for investing and not really hardcore money laundering that they are doing for centuries. The recent news about Goldman Sachs is really not surprising anymore since they think they're high and mighty that they'll never be caught.

Use of cashless payment methods isn't really an indicator of a strong economy but rather educated citizens willing to go cashless for convenience and security. Oftentimes, it's just the pace of the society that makes people use credit/debit cards in every opportunity that they could, but it doesn't affect the overall economy since the proceeds of the interest would, in the end, still get to the credit card companies and not to the government per se.

No, not all innovation is confined within the mining industry as there are other cryptocurrencies out there employing the use of other algorithm's that don't need miners and machines. In fact, more and more innovations would certainly be seen as one less method of obtaining cryptocurrencies is removed. For the mean time, mining would remain a vital part of cryptocurrencies since it offers an unparalleled robust security compared to other algorithms available around. The end of mining isn't the end of innovation, and certainly not the end of cryptocurrencies.

I don't see that steep of a drop in mining power, but I do know where this drop and everything related to it came from. Hint: Satoshi (lol).

Anyway though, it's amazing and shocking to see how large of an impact and control these dudes have over two different networks. Two different entities of a different network wanting to get the lion's share of things and hurting other members of the jungle along the way is somewhat childish, but then again this is money and profit is on the line. Keep the drama up and we'll see what else are these guys willing to put at stake in order to measure who has the bigger guns.

Short-term price is highly controlled by the whales due to the hashrate wars happening within the ranks of the BCH and its fork. Idk how it affected bitcoin and other coins as well but knowing that the same guys have a lot of coins in their arsenal, it's not impossible for them to manipulae the price.

Price depends on the guys with the bigger guns right now; the normal investors have to wait for everything to settle before getting comfortable again.