I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

People need to understand that bitcoin is more than a currency or a store of value. It's a social network. A paradigm shift in how business is done.

With all this FUD going on about the price of bitcoin people need to realize that it's all being compared against USD. USD is one of the most corrupted and controlled forms of currency in the history of mankind. It's a pointless comparison to make and the minute someone realizes this then all the FUD disappears.

Instead of panicking about the price of your bitcoin against the USD you should be delighted you actually own some and you should be sharing a bit of it with your friends and family.

You should be explaining to them what it is. Helping them get a wallet and then transferring a little bit of your wealth to them. The more people we have in the bitcoin / blockchain system the better. This is a social network and like all good social networks the more users it has, the more value it has.

The reason the price looks is going down is because it is being manipulated and needlessly compared against a pointless, totally worthless, easily manipulated and totally controlled fiat currency. It's a worthless comparison.

Stop comparing your real assets with pointless assets and share the love of it with your friends and family. That's how we win this. That's how we make bitcoin go to the moon.

So I see the EU has just released a load of threats about how they are going to control us and how we spend out crypto. We know these banksters aren't going to go quietly in to the night and just let us away with not giving them 40% or more of our stuff.

Thought it would be cool to have a thread about practical solutions to deal with this coming problem.

For example let's assume that all trading sites who have this rule forced on them are going to move to countries that don't have it. So where are a list of good markets that are outwith the grasp of the banksters?