Then you don't know how relentless China is when it wants to get something done.

News came out today that China (when the protests weren't nearly as severe as they are today) has rejected a bill from HongKong's leader to find a mid-way solution to calm down the protesters. It's so retarded that China dictates what HongKong can and can't do. It's clear that China is only out to further destablize HongKong because of their own agenda. It's sickening.

I can't see this come to a good end. It's literally a battle between a rogue government versus the freedom of millions of harmless people. 

One way or another, coins will eventually be sold on the market for fiat. In most cases it doesn't pay off for authorities to chase down those who had these coins in their possession before the person who sold them, but when the crime is severe enough, or there is a whole network they can shut down at once, they will definitely go for it.

The fact of the matter is that the authorities are more adapted to the workings of crypto and how to analyze value movements than most of the people here.

And of course, no one can halt transactions, which is why Bitcoin is such a powerful tool, but authorities don't need the ability to halt transactions when they with a high degree of certainty eventually find out who you are anyway.

Yup. Technical analysis is subjective. Charts are quite flexible and can be shaped the way you want them to be. Currently I am focusing on a large decending triangle on the daily, but some others are focusing on a bullish flag that's playing out, and so there are a few more patterns. The million dollar question is; who will be right?

Most people either can't accept being wrong and for that reason keep their positions open thinking they can still profit (which usually leads to liquidation), or they try trading once, fail, then consider technical analysis to be bs. Not sure which of the two is worse though.

You can't always be right. It's good to see someone for once admit being wrong. The dump yesterday could just as easily be a pump. The only certain thing was that there would be a breakout.

Not sure if this is sarcasm or you actually being serious, but it's highly unlikely for someone to short and catch the perfect bottom. The indicators weren't even that bearish at all, more like neutral prior to the dump. If you really believed that the momentum shifted bearish, I wonder why you didn't go short before that? The short squeeze to ~$10,600 a few days ago would offer a solid setup to do so.

You're not really doing yourself a favor by not changing short to mid term predictions. As we have seen, there is a lot that can change rapidly, for the best or worse. I was like that last year and paid the price for it. It's much better to follow the trend rather than to stick with your prediction. It's not a sin to change your opinion. 

I'm not saying that we won't be seeing the price retest its 2017 high, but for that to happen we need to see the price make higher highs, and as long as that isn't the case, I will not be expecting the price to retest its 2017 high.

The volumes in VES are increasing week after week, but it's not that we're looking at a whole lot of volume when you calculate it back to the dollar.

Their highest ever weekly volume in VES is 77.5 billion, which in dollars is $4.5 million or 500BTC. In dollar terms it's lower than the dollar volume Venezuela was generating back in Q1 of this year, all because the VES keeps losing value against the dollar. Another thing is that we don't know what these coins are being used for. I'm pretty certain that speculation accounts for at least half of that.

If we switch to volume in BTC, then it's going down constantly, which means that fewer coins are being traded back and forth.

That's because of how the mainstream media labels Bitcoin as THE currency to conduct transactions anonymously. In most cases it's accompanied by a lengthy article where they explain that criminals have used Bitcoin either to launder money or buy drugs and whatnot. If criminals use Bitcoin, then it surely is anonymous, right?

No one would give a damn if the mainstream media referred to XMR because people don't know what the heck that thing is. Bitcoin is known to most people as household brand.

OP, even if your cost of mining is negligible, and a loss through trading isn't that big of a deal for you, the fact that you lost time in the process makes it a not viable method. Time is an asset people not nearly appreciate enough, which honestly doesn't surprise me reading through everything you wrote. Hodl = no loss through trading = long term price appreciation of your coins.

Months and months? More like years. What coin after its peak in Q1 of 2018 did a 1000x? I don't recall any coin having had a performance anywhere near that. More people ended up losing money than making money by investing small amounts left and right. No altcoin bull run means no 1000x party.

In this case it might be actual Gold still, but more closer to the retail market, there have been a shitload of Asian fake Gold bars that flooded the market. Kilo bars with tungsten in the center have been sold to a lot of people throughout the last years. People don't realize what they have until they sell their Gold, which we will definitely hear more about now Gold is going through a bullish run itself.

It's a tough position to be in if you're heavily into Gold. I know someone who's frequently trading gold bars and coins back and forth, but only does so when both parties agree to meet up in a shop that has been known to have years of experience and an x-ray metal analyzer to accurately know what the consistency is of the pieces they bring in.

Bitcoin is the good part. Libra is the bad part. I'm sure that we'll be seeing a whole lot more of Libra-like networks where every major company is going to issue its own token and network. Eventually, interoperability is what will merge all these sub networks into one giant network where everything is linked to each other. It will be a cesspool of digitalized slavery.

We don't need anything new because we have Bitcoin already. It has served us for nearly a whole decade and it keeps adding billions to its ecosystem every year. Every billion that enters means a billion less inside a system a lot of people despise. Bitcoin going from worthless to being worth $175 billion right now. That's a damn solid achievement. $1 trillion is the next milestone.

Would you also write in the title of this thread 'I WAS WRONG' if we broke out to the upside? I guess not.

A breakout was imminent, the direction was more of a bet call with a 50% probability of being right. I do expect a bounce back up to $10,000 in the coming days rather than a further decline, but that's if we respect the descending triangle for the time being. If not, then we can see the price dip below $8000 fast. In that case I'm looking to be a buyer in the lower $7000 area.

We'll see where it goes. Bitcoin never fails to disappoint. 

I personally don't consider $6000 to be that much of a bad scenario. If you asked people before we got this run when they thought the price would finally hit $6000, they would place their bets at before the end of the year. I honestly thought the same about the price. Everything above $6000 would be a bonus and so far we have been generously rewarded.

I'm curious to see how the major levels on the way down will provide support with how they didn't form resistance on the way up. We broke through $6000 as if it hasn't provided any serious support before.

My realistic bearish scenario is $7000-$7500 and short term speaking realistic bullish scenario $11,500. We've had a few taps too many with the bottom of the descending triangle (which is currently providing support).

He never proved having access to the funds. All he did was provide a list of addresses containing x amount of coins in total, which any noob can do.

Craig is the type of scammer to set up a watch only account in his client and pretend that these coins are his. If people are ignorant enough, they might fall for it, but I doubt that this simple cheat is something the judge has overlooked. If the judge did anyway, then that would prove how incompetent the whole system is.

The funniest part of this case is that crypto youtubers have started talking about a looming $2 billion Bitcoin dump. What a bunch of attention seekers.

What principles? Social media platforms time on time again make headlines when it comes to privacy scandals. Governments must be so grateful to have these centralized pools of information they can tap into whenever they want. It's mind boggling how people can't see the danger of using these platforms. 

The only good thing about this article is that it provides free advertising for Bitcoin as brand with how I expect more news outlets to pick this up.

Bitstamp will not be shut down. Don't listen to wildwest conspiracy theories. It's obvious that the people here exchanging walls of text have a motive to continuously hammer on Bitstamp.

Most of the people I know use Bitstamp since 2013/2014 and they haven't faced a single problem depositing/withdrawing fiat. The thing you can blame Bitstamp for is that they recently have started asking all sorts of silly questions, which is likely coming from one of their banking partners to make sure their bank accounts aren't being used while at the same time breaking existing laws the bank itself is subject to.

What made you verify yourself at Binance? It's not that the 2BTC daily withdrawal limit is a deal breaker for most people, unless you're a highroller and need to withdraw dozens of Bitcoin on a daily basis, which I'm doubtful of with how you refer to yourself as a customer that isn't going to matter much if they lose you.

I don't think that they are legally allowed to delete your information in the first few years. But even if they were, nothing prevents them from pleasing you by saying 'we deleted your information' while in reality they didn't do it. If you also take into consideration that they use a third party KYC desk, Binance itself isn't even in control of people's KYC information.

I don't think Trump (or anyone else for that matter) can actually do anything to bring the debt down. It's already at a stage where you can calculate forward as to how much debt there is next month, next year, etc. The most they can do (realistically speaking) is to slow down the rate at which the debt is groing. The US is too far gone to actually reduce the debt. It's wishful thinking to expect that.

And no, I don't think that they have spent a second thinking about how they can benefit from crypto. Instead, they have spent their time thinking about how they can firmly regulate it.

On the other side of the trade there are also people who never lost money as quick as with Bitcoin.  

The thing with people however is that they are too stupid to understand that even a small 1-2% allocation to Bitcoin is a fantastic move. If Bitcoin ends up worthless at one point in the future, their loss is negligible. If Bitcoin ends up breaking wild and is approaching the $1 million level, the profit will turn their entire portfolio in a big fat green dildo party.

You can short Bitcoin with a stop loss so that you don't lose out too much in case you're prediction is wrong.

What I am looking at is a large descending triangle on the daily time frame, but in my opinion it doesn't look like it is going to break out any time soon at all.

The thing with people currently being overly bearish is that this lays the foundation for a brutal counter move. Generally speaking, these descending triangles tend to break out to the downside, but Gold has actually broken out of a descending triangle to the upside last week. For what it's worth, I prefer to be neutral right now. No open positions.

We have been through a badass bull run this year, who besides get rich quick noobs are sick because the price isn't moving?

Most of the Bitcoiners I know actually like the price to stay relatively stagnant so that they can get more or less the same number of satoshis for their monthly or bi-weekly fiat allocation. It sucks hard when you see the price go up and get fewer and fewer satoshis every single time you enter. The goal is 2030 and beyond for those who really believe in the long term value of Bitcoin.

If you're short to mid-term minded, then at least wait for the first physical ETF approval. This could be a huge catalyst for the price.