If he considers bitcoin as a figment of imagination, then fiat in cash is also a figment of imagination. The problem with this set of people is they look on the outside and judge based on that.

The fact that they cannot see the real value from the little and unnecessary hype in price that happened last year has made them to now think everything that goes up hugely and come back down hugely is a bubble. The value was hyped and that might be considered a bubble, and the aftermath is what we are experiencing, but calling bitcoin itself a psychological experiment with no real value is just dumb.

I am making transactions to my merchants globally within split of second without a third party, which is a value even the fiat system could not give. Maybe he should ask those in Zimbabwe and Venezuela how they perceive bitcoin.

The good thing however is that as long as we know all the tactics being used by the hackers to get to us, we can always try to stay safe to some very good extent at least.

The main bitcoin itself cannot be hacked, controlled wallets cannot be hacked unless you give out your private keys and except for centralized wallets that you can end up being a victim of phishing attack most especially if you do not have some additional security on, I would say the only way to get to be a victim like you have said is just by being careless.

You are not the only one feeling this bro but it was meant to be just feelings, I am sure we would have used our feelings to get bitcoin higher than the moon by now. However, the way some of the altcoins have been responding lately simply shows that new money is gradually entering the market and in situations like this, we may start seeing some of this altcoins being dropped to accumulate bitcoin and in this case, we may start seeing some uptrend gradually. Just my thoughts!

Yes, we must accept that around $10k was the actual growth and expect value of bitcoin by end of 2017. But we reached up to $20k, it was due to hype and bubble. If we consider $10k as an actual growth then we are still in progressive mode over time.

It is normal to be disappointed with the price and the way whales go about certain things, but why should we be disappointed in bitcoin ?

The problem is not with bitcoin, the problem is with us all. It is a market and there is nothing we can do with all the fluctuations as they are normal. However, like you have said, losing confidence in bitcoin is total bullshit as it is not like development is not ongoing and the future is still bright but judging based on the present moment or the present value is absurd.

That is the main idea of holding anyway as the long term is all that really counts and there is absolutely no way that we can be sure what is going to be happening in the next few minutes and the only way to stay in the game is never to panic, forget what is going on and look forward to the big picture.

This is what the old investors have always done and have made them to really enjoy this market to the highest level they would not have even imagined. $25k could be possible, but even if it is not, that does not change anything in the future.

The fact that we have tested that region twice after that break out is a good start, but no need to be over happy for now, and sure it is good to see that happening, but we still have some pretty huge ones ahead of us.

The question now is are we going to be consolidating for a while, are we going to fail and fall back lower or are we going to be heading up from here probably after consolidating ? These are the questions we are expecting some answers to in the next few days, weeks or even months as the case may be.

Support is actually precisely at 7800. We have had a huge bounce from that spot and I was actually surprised. It seems the market really want to go break some huge resistance walls but the bears still do not want to take that chance yet, with that support at that spot, we can as well just believe that the market may have to move sideways for the main time before we start seeing the possibility of any uptrend. I guess it is time to even start accumulating the more.

If government wanted stopping us, it would have been done a long time ago, so I really do not see that as a problem anytime any day and even if this was to happen, they would not just come out straight to just screw the system, it would be done strategically and probably put in some policies to start making people get frustrated with the idea of making use of cryptocurrency.

These are all normal in any new market anyway, but for the pump that happened recently, I am sure we cannot say exactly what caused it and everyone is just speculating and looking for answers.

I don't think it matters in this subject. Don't think anyone cares about if its 0.002 or 0.001, the more important part that this website has been giving away free money since for as long as I can remember and they have been giving free lottery tickets with it as well. I mean we have seen so many faucets faze out in time and here it is freebitco.in keeping it up and improving waaay over a faucet. They have the free coins part, they have referral part they have interest part they have lottery and of course the betting. I mean what more one can ask for from them? Great job.

The only issue I have probably since the start of the website is that I see a great rate and go into one bet and than when the bet is closed the rate is already dropped more than what is not worth anymore. I understand you guys remove yourself from the bet side and just let people bet against each other but when I bet something I really do prefer to know what rate I bet on instead of what I may end up with as a surprise.

Aside from that it looks all great and has been working with honesty and properly ever since the creation of it.

Bots can always be of help but even at that, you still need some knowledge anyway as it is not every time you will be using bots. However, like you have said, doing it yourself is always the best as long as you know exactly what you are doing and that is what I want to buttress on.

A lot of people rush into trying to do things when they should take their time and looking forward to doing it right which no one can do without learning. The OP does not need people on this forum to teach as no one will really have that time, but there are some articles one can always use online to get the skills needed to trade and that is all that is important.

Since you are already truthful to yourself that you do not have any idea of trading, the best thing is for you to hold. Trading is better for sure as you can use the fluctuations to make some pretty good profit, but you will not be making any profit if you do not know how to trade, and with the market being always faster most of the time, and with the way the alts always respond to dumps, you may end up not having a good decision making technique for your trade. Since you are eager to learn, there are so many resources online you can make use of and that would help you.

Investing for the long term is totally different from those who are trading. Leveraging comes with those who are doing marginal trading and that in itself is actually another form of trading on its own. I always refer to those who do not have any strategy or knowledge of trading in a market as volatile as this to be gambling.

Trading itself comes with a lot of risk, which with knowledge you can try to avert them and get the best from the fluctuations once in a while, but I now imagine those who trade without knowledge. That is a higher level of risk and plain gambling as far as I am concerned.

Anyone who does not consider the aspect of losing, no matter how little, is really not ready to start investing at all. We are talking about a new market here that is decentralized, and what else do people expect ?

Stability should only be expected maybe when bitcoin has gotten extremely huge and by then, it is no longer about investment as an early adopter, but a currency as that is what in the long run, that is what is going to make it hugely adopted and in that stage, nothing much may be expected.

A stable price usually will turn the altcoins more like into a stock market scenario as bitcoin is kind of pegged to them as someone rightly said. This is the main reason why we have seen a lot of altcoins doing well whenever bitcoin is experiencing some consolidation. A huge level of stability in bitcoin is not even something anyone should be expecting at all. This is a decentralized market, there would always be fluctuation and it can only reduce to some certain extent once we get to see real life usage.

I want to believe it has been helpful for me in terms of emergency so many times. I know a lot of people are a bit skeptical on that as a result of the high level of volatility but in the actual sense, as long as you can withdraw it anytime for emergency purpose, and what you are holding can still increase a lot over time that what you put in as savings, then I would say it serves a good purpose.

Still, for the sake of the way things are, unless I have no choice, I would rather just touch my savings in fiat most of the time. In one word, you cannot actually put all your emergency savings in one basket when you have different options.

That is more like thinking as an institutional investor. Looking for confirmations before buying as long as you are trying to hit it for the long term. Moreover I have always loved the idea of accumulating at dips anyway, because sometimes, you really just cannot time the market. Even above that $10k, as volatile as bitcoin is, anything can still happen. So far, we have had good prices for those who may want to go long in the market, except for traders, which I even believe a good trader will not be asking questions like this anyway.

If there would be panic selling as a result of regulation, do you think that would not have happened already ?
Moreover, some people's stupidity is the reason why they will give institutions and bigger players to have a better position in the market and give them more chance to even control the market as they please.

The more we keep having weak hands, the more they keep building their position for the long run. Regulation generally would make those big investors to start considering the market and that is what they call new and smart money.

Yeah, it is really awesome and I hope things get to improve in a very good way for their economy based on how some other countries in the same shoes where inflation has really dug so deep in the system. Still, based on the stuff you raised, it would actually be very insane of the government to think they would want the petro currency to just be the only currency in circulation within the country without considering how that would even affect them negatively.

It is good the way they are allowing things to be for now, as over time, i am sure they will get to see the impact themselves, and if lucky for them, petro ends up growing in value, good for them but I want to believe the petro will not make much impact as it is still centralized anyway, so what makes it different from experiencing the same fate as the fiat system ?

Well, it depends on the changes you are personally referring to, and if you are looking at how the blockchain technology has brought about the idea of decentralization, we can surely say it has been a lovely ride. We also have to understand that this is something that the governmental financial sector are not just going to be embracing as they would prefer to come up with a system they can still be in control.

Moreover, a lot would change for the good as the blockchain technology gets introduced in this sector based on all the things we have been seeing so far. Interestingly not just financial industry which may make use of most of the features of blockchain technology but all the industry where distributed database is a concern for preventing duplication and forfeiting they they all can adopt blockchain technology for better future.

I know a lot of people are very enthusiastic and hoping that things would change quickly and you start seeing the bulls in actions, but if things were that easy, every market will just be busy switching trends anyhow immediately. This is not a pump and dump market and all these things take time for a very strong market.

I would not be expecting something serious this year at all, and even if we are to get to the previous ATH, we may need to wait a while to achieve that, hopefully by December. But when looking at the positive aspects, halving may trigger another explode of markets. Even it is far away from now, we cannot ignore what it could do with price levels of bitcoins potentially.

Maybe we should just put it this way, bitcoin is the first, highly used, more established and more traded in the biggest level than any other cryptocurrency and that gives it an upper hand in the market. Also, we need to understand that most altcoins are tagged in price as well with bitcoin and as a result of that, we also get to see most traders considering the altcoins as money making market and that in itself makes the fluctuation in price of bitcoin to affect them greatly.

You mean people will sell off their altcoin stash whereas they will keep holding their bitcoins ? Probabaly if bitcoin gets more number of real life applications then we cannot expect people to sell and book profits unlike they usually do with stocks.