I personally don't see anything that SEC is doing or does as relevant to promoting stability. I simply don't see anything that would suggest that, to be honest. The regulation on crypto ICOs right now is already pretty strict, so anonymous investors pretty much don't have a chance anyways at the moment.

Anyways, I honestly think that whatever SEC's position on ICOs are quite irrelevent when it comes to bitcoin price. Bitcoin isn't even involved in these ICOs whatsoever, and instead is a currency of its own. The reason why we are not seeing as much movement in the market is that there was a period of consolidation after each and every dip, it's pretty much that.

The article also says that the author expects a breakout to the $10k level, which imo isn't going to happen any time soon.

Nope. Apart from the fact that we just saw some temporary upward adjustments in price, there are simply no major trend reversals possible at this stage when we're still in the consolidation phase. A recovery is highly unlikely, until at least the end of the year.

What you saw a few days back with a small rally was obviously something that was extremely short term, as demonstrated by the dip that followed.

I think that the bear market will ensue for at least 6 more months, as I said. The run up last year was enormous, and it takes time for markets to go into recovery, and this is obviously not the time right now.

BTW, total crypto market cap isn't something that you should be using to analyze bitcoin. The two are simply not the same.

Great initiative first of all.


However, I echo the same sentiment that a lot of others hold. I mean, the issue that you're trying to address is good. People need to base their choice of exchange off of the quickness at which they are able to be verified, and start trading/withdrawing at. However, you can simply never expect the times to be remotely close to the vicinity of the times listed here if verification can't be completed automatically. If you throw in factors such as account holder residing in banned states on legacy accounts, etc., the situations become extremely complex, and ultimately comes down to the speed of support over anything really.

This is good as a reference, but it's definitely not a definitive guide. If you know what I mean.

Perhaps also have a tested list on how fast exchanges are responding to support tickets?

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P.S. I'd like to see CEX.io being tested, it's one of the exchanges that beginners seem to like to use a lot.

Sob story scammers... Plenty of them out there.

You'd actually be surprised about how small amounts these people are willing to scam for. Like SuperD007 literally got scammed for 0.0015 BTC ($10). This is why as a community, nobody should lend to people with no valid collateral even if you can afford it. It sets a precedent which means that more of the same scam type will come back, begging for loans.

Here's the address that SuperD007 was supposed to be paid back to: https://blockchain.info/address/1LEUtJrRKeSFvhxLfqnjwTyYzMVcbtg2MD. Nothing there at the moment, and I don't expect a newbie with no reputation that's already abandoned his account to show any remorse. High ranking members can default on no collateral loans, it has happened before. Let alone newbies.

You can never time your buys at the right time. That's the simple truth.

However, buying at dips significantly increases your chances of making a profit over the long run, and also increases your profit levels as your entry price is obviously lower. This is why I believe that in a bear market like right now, dollar cost averaging should be used to accumulate coins, instead of waiting or timing the "bottom".

I feel like a lot of people misconceptualize buying the dip as something of a short term thing. It's the complete opposite. We're not going to see much bullish activity happening right now, for instance, in a middle of a bear market. So obviously, prices will continue to go down. Buying the dip still means that you have to hold for the long term, but it just means that you are buying at a much more favourable price to you.

It would actually take much more than a 20 fold increase from now. As the market capitalization is under $300 billion at the moment across the entire crypto board, it makes more sense to say a 50-60 times fold.

It's definitely possible, though, considering that adoption is going to continue to climb in the next decade. And if previous growth cycles can sustain, there would be no question that it can happen. We've seen a 2000% increase in price from start of last year to end of last year alone, albeit the dump. Furthermore, the inflation of fiat would be a catalyst as well.

A variety of things could happen that would hinder the growth of price though, including a delayed mass adoption. It could happen, but it's not 100% going to happen, since $20 trillion would represent a pretty big fraction of even the entire money supply in physical banknotes and coins.

Who cares if it's true or not? It's not like it matters. If they have the bitcoin, they have the right to sell it off at any given time. Nobody should panic from their individual decisions. Plus, who can be sure that them moving coins to an exchange would indicate for sure that they're actually going to sell the coins?

As for manipulation, it depends on what you see as manipulation, honestly.

In any sort of market with free trading, people with higher amounts of an asset will always be able to move markets more. No difference in bitcoin, here. If this is just a person selling off their stash from before (even this is not confirmed), it's hardly "manipulation".

Depends on what the country's government wants to do with them, honestly.

Based on my knowledge, I don't think that Serbia nor Croatia are countries that are heavily involved in the crypto markets at all. BTC is legal as far as I know in both countries, but Serbia's central bank has been slightly negative towards it.

Bitcoin is a global currency, it can benefit any individual that chooses to use it, regardless of their nationality.

If any country wants to compete in this crypto market, they need to have positive regulations in place in order to attract businesses. Simple as that.

That's a pretty big statement to make.

This is obviously a pretty big dump, and I definitely expected this to happen at the peak, although obviously I didn't know when the bullishness was going to end last year. We've probably never seen this kind of interest in bitcoin before, and markets were obviously way overheated.

I don't think that just because of the magnitude of the dump, it's going to be the "end" of bitcoin, per se.

Prices will keep moving in cycles, of bullishness and bearishness. Sure, this phase of bearishness may last for a few more years than expected, but with the new instutitional investors and new regulations, I don't see BTC markets being dormant "forever" just because of a prolonged bear market.

Yeah, I agree with The Pharmacist. I do think that you should add lower options.

As we expected, prices have continued to dip past the $7k mark. Of course we have some solid support at $6.6k as demonstrated by previous dumps, but I simply don't think that it's going to hold as support during this dump.

Markets are bearish, and I don't think that we've seen the price bottom out yet. I think it's reasonable to say that a price between $5-7k by the end of the month should be expected, tbh. Probably nearer to the lower to mid range of that. There seems to be no sign of any bullish momentum atm.

Bittrex's trust has really taken a hit in the past year or so.

Is there anything special at all that may have happened that resulted in this? If you deposited to the right address, above the minimum deposit(obvious in this case), and have all the correct info in your deposit, then there is no reason for them to have to hold your funds in their custody for so long until you actually get a chance to trade with funds that's rightfully yours. They probably don't have the best support system out there as well.

Do update us on the situation as it progresses. Hopefully, you're able to sort this out sooner rather than later.

It's almost too good to be a coincident that as soon as the world started using fiat based currency, or currency that was able to be issued on fractional reserves, financial crises around the world started happening at a much faster pace.


Exactly.

This is why I'm personally invested in bitcoin a lot. I believe that it is able to provide everybody with a hedge against any financial crisis events that results in the bubble of the fiat system bursting. It may seem too distant right now to prepare for, but who expected Zimbabwe, Venezuela, Argentina, Greece etc. to have such huge financial crises, until it actually happened or it was very close to happening?

The fact is that $10k was and is still the major resistance that bitcoin simply cannot breach at the moment. The main reason is most likely because of the fact that we're still in a major bear market coming off an extremely bullish year of 2017, and there is simply no upward momentum in the market in a falling, bearish scenario like currently.

If you mean how long bitcoin is going to stay under $10k by "survive", I think it could be here for at least a few more months.

5 figures is a psychological barrier by traders and not only that, is a resistance that was unable to be broken through several attempts. BTC isn't going through that until we truly consolidate and start the recovery, which is definitely not now.

I'm pretty sure that Xapo has always had this system in place.

I haven't used them in a long while due to their verification process which is indeed a headache. But, I'm fairly sure that IIRC, transactions are only delayed if you send amounts under 0.01 BTC that they consolidate into a larger transaction multiple other outputs to save on transaction fees.

I don't know if this is still the case. But this delay doesn't really address security. It's more of a nuisance over anything else, but I mean, they are able to save transaction fees by doing this.

If there is a new "manual approve" system, then it could potentially be them trying to filter out some shady transactions. But it's not perfect, especially if they try to conduct this through IP analysis. What if you were overseas and wanted to send bitcoins quickly? Or simply pay for something in real life that needs to be instant? These are all possibilities that will be an issue.

I agree with you. The $6k support even though strong right now, doesn't seem to me at least as the definitive bottom of this bear market. Currently, we're seeing no signs of an immediate trend reversal, which means that prices are going to most likely move downwards slowly in individual dips.

However, I would not say with such certainty that this will definitely happen by the end of June.

You simply never know in such volatile market conditions, especially when we're still in the process of consolidation. It could take much longer than 3 weeks for the $6k support to be broken, even though I think it will eventually. On the flip side, it could be a matter of days if negative regulations and press coverage affects markets in a drastic way.

I wouldn't be surprised if there was a few hundred more days at least until the next bull market is able to get started. And even then, an all time high is not guaranteed. It will probably take at least until 2020 for us to reach the previous all time high, in my opinion.

And this is all due to historical indicators. Usually, bitcoin prices move up as the halving comes by, and 2020 is the halving.

Markets are going to be pretty quiet over the next year or two, however. Sideways movement is going to be the main theme here, and don't be surprised if prices go down further in the short term either.

The ZRX prices on Liqui are indeed much less than what is on other exchanges, which means that there is usually withdrawal issues that means this particular token can't really get out of the exchange after people buy it, thus reducing the price.

I wouldn't call this an exit scam yet, but I would say that it's a shady exchange that I'd never personally never use.

Their support has been not responding since last year, and they are showing no signs of improvement whatsoever. This might be the sign that they are going to collapse soon due to a multitude of potential issues, even though it's not confirmed yet.

I wouldn't click on any google ads, ever. Even if the link in the ad seems perfectly legit and not a phishing site, you're just a lot safer if you just avoid clicking on them altogether.

Also, I'd be very careful of registering with the email (and password, which goes without saying) that you use on exchanges on shady sites. Use a throwaway email instead. Not only will you get spam, you may get attempts at logging into your exchange accounts that may or may not succeed, if the owner of that shady site decides to do malicious things with it.


Similar thing happened with the Binance founder, CZ. All of his posts and Binance updates were flooded with comments that suggested they were holding a giveaway or whatnot, which forced him to essentially change his twitter name to indicate that he's not giving away coins.

Buying on impulse is honestly the worst advice you're able to give to anyone here.

I don't think that this is currently the lowest price you would be able to see for bitcoin in the short term, but if you're solely looking to accumulate and hold, then buying at any prices under $10k would be extremely cheap in the long run. However, if you're looking to trade, it's a different story. I believe that dips will still come, and we're not out of this bear market.

I doubt that the prediction in the title will be realized. An ATH in very unlikely this year, given the market sentiment. 2019 may see a bit more bullishness, but I doubt prices are going to skyrocket like it did last year until after the halving.

It really depends on what regulations we are seeing.

If it's requiring exchanges to ask for identification for traders with large amounts of trading volume, then I doubt that it's going to have any negative impacts. It shouldn't have any impact on the market, as we see that newbies trading on localbitcoins is still able to buy/sell reasonable amounts of coin without verification.

However, if it becomes over-strict, to the point that you are requested to give every single personal detail, then yeah. We could potentially see people that really care about anonymity shying away from bitcoin trading. But big traders are probably verified anyways, and small traders can use a p2p trading platform still. The only form of regulation that would truly negatively impact the market would be an RBI style crackdown on bitcoin and its businesses, but that is more of a 'ban' than regulation.