Drowing broad conclusions from one's imediate experience is plain wrong. Those people know (or think) you are in the know about this subject and naturally are turning to you. To make guesses based on 15 people is hazardous at best.

That's another geekish mistake. They don't really need to know what's under the hood to use it properly. And also you can't possibly be in a position to know the experience of people entering the market now. Those that know simply haven't turned to you. Naturally only those that don't know have asked you, so you have a biased point of view.

Stop drawing broad conclusions from limited experience! And stop posting clickbait titles for the sake of gaining followers on youtube, it's not curteous to the rest of us.

If everybody would be using an advanced AI to very exactly predict the market, what would the point of trading be? IMHO, obiously you would need LOW adoption for your tool to make it valuable.

Everybody knowing exactly what the market looks like tomorrow makes for no market at all: the definition of a market is to exchange something of different value for the participants. Not something of equal value.

I mean, the ideea is very cool, but you should keep it secret if you actually plan to use the bot/ai for something.

Could you elaborate on this?

Yeah, but being 17.500 now on coinmarketcap and somewhat over 16500 on most exchanges and you calling a low of 3400 could make you loose credibility. The Coreans are very weary BTW, being over 21000 for they and impatiently waiting for said correction. Controversy for the sake of it is not always good, in fact more times the opposite.

(BTW, said correction did happen a few hours ago, but recovered in one hour. So you were kinda right, just not up with the speed.)

Why would they need to buy real bitcoin, when contracts will be settled in fiat?

Yes, i'd really like to know how many and how you sourced the data. And also how you estimated the level of investment and bitcoin knowledge of those people.

So basically the OP hast 135 subscribers on his channel and opens the tenth thread this day with the same topic. It used to be that people had some weight before... weighing in. Not spreading fud, just choosing a clickbait topic title with big in caps.

Aparently we've just experienced some sort of a lightning-fast correction, when the price dropped to some 14500 on several exchanges.

Now it's almost 16300 on coinmarketcap and over 19000 on Coinone. So I wonder how the title of this topic is holding.

Perhaps they prioritize some API users (I understand that some local exchanges act as kind of their distributors and transparently forward transactions) or perhaps that Cloudflare thingy is more hurting than helping and perhaps they have a distributed cloud architecture and simply don't care about some regions of the world and allocate few resources. I've noticed that darn Cloudflare always forwards me through the same regional node. Maybe there are regions that actually work properly?

I don't know why other (larger) exchanges can work properly, and kraken can't seem to get their act together. It's like they run their exchange on an old Pentium II.

Yesterday I spent two hours doing two coin withdrawals, not because the account is locked or anything. I just had to put up with Cloudflare error, operation temporarily disabled error, info unavailable error, upgrade tier error (thou I am at max and it said I am max), nonspecified error (red rectangle with no text), perhaps there was an error error, server error error nothing to display error, form expired error and finally I was able to withdraw. Two hours instead of 5 minutes.

Then I'm trying to trade (unfortunatelly they have a pair that it's not easily available elswhere) and the same errors keep piling up. Just how hard it is to get their act together and make their service available? It's baffling for how long has this been going on. Is the hardware so expensive that they can't afford to allocate more?

I think the analogies are somewhat limited. A business can be valuated. Bitcoin is nothing except a conventional a holder of value. I think the bitcoin support is too much in sentiment and history, i.e. if people got in at a late moment, they'll want to conserve the investment and act as strong support.

Sure there is panic selling and stop-loss orders and some correction may be coming, but the hodlers might offset the correction pretty nicely.

All's well with the OP's speculation, but since bitcoin quantity is limited, offer and demand come into play. They can't buy a lot, as they don't have what to buy. Also they can only buy with real money. Selling and crashing makes them loose money.

Time and time again i've heard this confusion: pump something and then destroy it to make money. But you first have to recoup your investment and that's not as simple as it sounds, with people holding bitcoin since it was under 1000 and presumably manipulating whales buying at 10000+

There seems to be some confusion about this. Bitcoin IS NOT going to be traded. Bitcoin is just going to be the underlying "asset" being traded on futures. All the trading shall be done in fiat. So, whales do not need to buy anything, as they'll open and settle the transactions is fiat.

OTOH, a price pump and then subsequent dump opens the possibility for very profitable short positions in futures. However, it only makes sense if at the time of the contract the BTC value is HIGH. So, if a manipulation is being conducted, the crash is profitable only if it happens after the futures start trading and contracts are exchanged.

But any position must have an opposing buyer. So another whale must get stinged if some whale is going to make money on shorts. Therefore, some whales may think just the opposite and open long positions. Entraping whales wanting to short with the current pump, then going for another pump.

All's swell since bitcoin markets are not regulated and price manipulation is not illegal. It is therefore hard to predict that futures will trigger the crash. It may be the opposite.

Sounds like just another angle the press is using to say bitcoin is bad, after the one "it's used for illegal activities". It's funny that I red the exact same thing on another forum some 12 hours ago. And the source is some press article. 

I find it interesting that this rise is negatively correlated with ETH, which is sliding (not fast, but still sliding at the time i'm writing). It seems there's a lot of FOMO and money are flowing to BTC from other coins.

Yeah, can I borrow your time machine?

Well, I guess everyone is trying to protect themselves from the fall and are selling at market. Great contrarian moment, I must say. Of course, for those who have the nerves and some market experience.

Indeed you are. He was the first, there was only one coin, it was something not heard of and it needed years.

It's not rocketing. It was heavily speculated all day, trading between 0.3x and 0.2x with several turns both way. Lots of money made by market manipulators, others lost, other tried to keep up with the trend and made some extra.