Yep. Anyone can see that there were a lot of FOMO buying that weren't rational at all during the rally.

I have to agree with you. Even if bitcoin does hit $10k or above, the correction is obviously near. And with the market sentiment still leaning to the bearish end of the scale, I do think that it is more than likely the correction will take us down to test the support that held up previously at just over $6000/BTC. No idea if that support will sustain through this dump, though.

And you're right about the general strategy in a falling market in regards to BTC, imo it's wise to always buy after markets tank for a few days and there seems to be consolidation going on. This incoming correction will present another accumulation opportunity for long term holders for sure. I've sold a fraction of my coins right now at over $9k, I'm still holding onto my long term BTC stash, but I'm definitely looking to buy once the dip comes.

The bold part is spot on. A lot of people I see hyping about bitcoin prices skyrocketing etc., but that's just not going to happen overnight. There will obviously be corrections here and there, and this rally is no different. If you don't expect a pretty big correction during a rally in an overall bearish sentimented market, you probably shouldn't speculate on BTC at all.

We don't know yet if $10k is the resistance, or if bitcoin actually goes through it and start its major correction above $10k.

But $10k seems like the definitive ceiling at least for now, since we've tried to hit that 5 figure mark 2 times now with no avail. Expect a pretty big price decrease, when the correction comes. Nothing out of the ordinary though, because imo we're still in the consolidation phase unlike some other people who say that it's a bull market already.

So liqui team is still ignoring everyone. I remember when they first launched, they had a lot of promotions here and there that attracted customers and their support wasn't that bad. But over time, especially in the last year, they've just gone to crap gradually.

I think it's fair for you to at least demand a response from them, instead of constantly having your tickets closed and ignored.

Their deposits and withdrawals were always problematic, a lot of people have stuck deposits or withdrawals with Liqui since last year that are unresolved. And if there was ever a problem with them you know for sure that you're not going to get assistance from the support. You're right, it's best to stop storing funds and using Liqui if you are still doing so. There are just so many issues and so little effort put into resloving them by the Liqui team.

TA isn't always correct, and can be presented in a multitude of ways to back up your argument. That's why I don't really like technical analysis that much, especially when you're talking about the long term trend which will be influenced more by bitcoin adoption, media attention, and things like that.

$20k is a possibility, but it would require something really positive to happen.

Right now, we're on a pretty big roller-coaster ride with bitcoin heading north for 2 weeks in a row and realizing incredible gains. Don't get me wrong, but this has to adjust down sooner or later, and it's probably going to come soon. I believe the markets are still not ready for another bull market for now, it'll take way more than just a few months for markets to consolidate, let alone hit $20k or another all time high imho.

There's actually already one, and it's called crypto20 I believe. It's pretty much just like a stock market index, it's a crypto index that invests in the top 20 coins in terms of market capitalization.

I don't think that this will ever become a popular idea, but it's happening out there already.

The reason is that you have absolutely no control of what you're investing in. If you are investing in coins traditionally by buying it and holding in an address that you have access to, there is 0 risk apart from the obviously volatile exchange rates. But trusting an investment fund to do something that you can do yourself already? Doesn't sound that good of an idea. They could easily deny access to your investment in the fund, if they really wanted to.

Plus, the lack of customization is a huge downside. There is no way that someone can pick and choose the coins they want investing in, but instead they're stuck with a limited range of coins in the fund that can't be filtered.

I wouldn't be this optimistic this fast.

First, bitcoin needs to go through the $9500 resistance wall, which seems extremely strong at the moment with a lot of profit takers at that level. Earlier today prices regressed back down to nearly under $9000, after BTC tried to get over that zone.

Even if bitcoin does get up to $10k+, I still see a lot of resistance at $10500. This is because back in February/March, that was a major resistance as well which prevented bitcoin from recovering upwards.

Bitcoin will hit $11k, that's guaranteed. The question is timing. If you're talking next weekend, I just don't see it happening because I can see an incoming correction which would probably take BTC down to its previous bottom, and test the support there.

Unfortunately, it seems like that the sell wall at $9400-9500 is still present and not going away at the moment.

That is honestly what I suspected long ago before the correction came as well. $10k is a huge psychological barrier, and with the bull run going on for so long now, a downward adjustment would come sooner or later as selling pressure mounts.

I think that we'll see bitcoin retest that level this week. Even if bitcoin does break the $9500 sell wall and head to 5 figures, it's going to be hard to see bitcoin continue climbing up with a major correction first. I would not call this a bull market yet, since the prospect of breaking the ATH is still quite far away.

I've always thought personally, that as bad as the regulations sound, in reality there will always be loopholes by which you can side step the regulations, or in some cases, outright bans.

China can ban all exchanges, but bitcoin transactions and trading will still go on within China. Whether it be a p2p platform such as Localbitcoins (which we see the CNY volume has increased significantly after China's crackdown on BTC), or a decentralized exchange of sorts.

Don't forget that crackdowns and regulations from the government are only effective in third party services related to BTC, not BTC itself. Unlike traditional businesses or payment processors, bitcoin isn't centralized. As the article says, bitcoin is "something that cannot be suppressed". And that's the beauty of it.

It's a good sign for sure. Bulls are definitely back and so is optimism in the market. A lot of people thought that bitcoin was just going to continue dipping, but we did find a pretty strong support level which pushed us to a huge rally to where we are right now.

However, I don't think that this is the definitive start of a bull market.

I think we're nearing the end of the current rally, and a correction is coming soon. The resistance at $10k is still strong, and I don't think that BTC can keep on increasing in price without any sort of adjustments. Basically I'm carefully optimistic, I'm prepared for if prices keep on dipping, but I do think that the worse end of the bear market has passed.

I think that we have a chance at hitting $10k this week, but the probabilities aren't that high.

The resistance at $9500 has proven to be very strong. Markets have already tried to test the $10k level in the morning, but correct down to $9000 during the day. That pretty much shows to me that the rally is going to halt temporarily at least.

The correction will probably go on for at least a few days, before retesting the level. Personally I don't see enough momentum for us to decisively go through $10k and have support at that level in the near terms, but it can happen later on in the year.

IMHO, forcing bounty hunters to do KYC is unreasonable as well.

It was never stated before they joined that they would have to go through this series of checks, and a lot of people would be uncomfortable from a privacy standpoint to provide their ID details to a copmlete stranger over the internet just like that.

Obviously, forcing someone to invest in your project when you were supposed to be the one paying the bounty participants is just absurd to ask. It just feels like this is only done to increase revenue for ICO, if anything.

I have to be honest, and say that I reuse some passwords for exchanges. But these days with all of the security concerns I've already changed a bunch, and more importantly enabled 2FA on sites that allow me to do so.

It doesn't hurt to use different passwords for each exchange that you use, it's much better from a security standpoint that if your encrypted passwords ever get leaked (even they're supposed to be all encrypted) on one site, other exchange logins of yours don't get affected.

Most important thing is to just not store more than what you can afford to lose on exchanges, it's just bad practice to store anything over a few hundred bucks on an exchange imo.

As you know by now, there are no "time limits" or timeframes as to when your order is executed. It's not up to poloniex for your order to be partially or fully filled.

Just to clarify, the last price on the exchange isn't necessarily the highest price on the bid end of the orderbook. It could have been someone taking an order from the ask end of the orderbook, and if you just put a sell order in at the last price of an exchange it's not always guaranteed that it's going to be instant.

I agree with squatz1, use a market order if you want the trade to go through instantly, although expect a lower exchange rate for your BTC than if you put a limit sell and waited a little.

I really don't think that CEX is able to answer that.

Since it's a problem on the card issuer's end that is declining it for online currency exchanges, you are much better off asking the card issuer instead of asking CEX who has no specific knowledge about what your card issuer's policy with online currency is.

Personally I feel like that the process of linking the cards to your account is just too arduous and problematic, if I were you, I would definitely go for withdrawing BTC first, then sell the BTC elsewhere where there aren't problems with fiat withdrawals. Most convenient would be Localbitcoins but your choices aren't limited to that.

No worries, glad that you had your issue sorted out.

I think it might be something with the fact that you have a Lastpass chrome extension (correct me if I'm wrong), and it thinks that the field for the authentication code is the place to put your password or something. Not sure why it wouldn't appear, or even send you an email. I'd actually recommend checking if the site was a phishing site, even though chances are low.

Also, just a friendly reminder that yobit is pretty damn shady, and you should avoid using it if you can.

What are the other bitcoin related twitter accounts that have also been suspended?

It's weird that they would target you and give you no chance to restore your account, when other shady businesses (yobit etc.) still have complete access and functionality to their account. Not to mention the thousands of scammers who regularly comment on crypto related tweets in order to scam people, I don't see them getting banned.

Totally weird imo. Don't know what Twitter is getting at by doing this but it's for sure a very hostile stance towards crypto related businesses, because I don't see any violations of rules other than the fact that your name may have caused their algorithm to flag you automatically. You could try message twitter's customer service to ask for the reason why it was suspended.

Sorry to hear OP, that you were scammed this way.

Twitter is flooded with these scam comments these days, and it's good practice to never send random people money that you see on twitter anyways. Telegram has had its fair share of impersonators, with multiple scam ICOs posing as Telegram's official ICO and scamming investors this way.

As SFR10 said, the scammer used a fake twitter account to do this. He didn't actually take over the real Pavel Durov's twitter account. It's a common tactic for scammers on twitter to comment on popular exchanges, crypto public figures, and crypto wallet's tweets and promise to grow your funds x times. They are invariably all scam.

Seems like you were the only person to send any BTC to the BTC site, and there was one person that sent 1 ETH to the ETH version. Hopefully nobody else falls for this, and good luck in recovering your funds, though it's unlikely since a variety of fake identities are probably used.

There were indeed some strong resistance at $9k. BTC did test that level a few times before it finally breached it. It's not very surprising that after bitcoin hit $9k, it jumped to $9.2k straightaway, as that's what happens when a strong resistance tumbles. Markets tend to overshoot.

But now that it's crossed it, I think there is some serious hurdles to get through at near $10k. Personally, I can see a correction happening very soon despite the fact that the market sentiment seems incredibly bullish at the moment.

It just doesn't seem like this growth can be kept on for too long. I could be wrong, and bitcoin does hit $10k, in which case it'll probably go to at least $10500. But a correction is definitely due at this stage of the rally, so do be careful trying to flip for a quick profit in the short run.

Can you not get bitcoin out of their exchange?

I'm not sure what the exact situation is, but pretty sure that if you're ID verified you could always just trade your GBP or whatnot to bitcoin and then withdraw that. CEX has suspended most outgoing fiat transactions since ages ago, and it doesn't seem like they've made any changes to that. They've always struggled on the fiat side of their business. I remember at one stage there were hundreds if not thousands of pending USD withdrawals that were marked as processed, but not actually arriving at its destination.

If support isn't doing any good for you, as the user above me mentioned, try PM'ing CEX.io on bitcointalk. They are much more responsive on bitcointalk than the actual ticket system, it seems. You might want to link them to this thread as well.

You're right. I don't think that we're going to continue to go up without any type of correction along the way.

I'm expecting some significant resistance at $9500-10000 which would probably result in BTC falling in quite dramatic fashion in a short period of time, which would result in a huge anic dump. All the bears come out of their hiding, we achieve some sort of 1yr bottom, and things start to look a bit doom and gloom again.

But after that, the real recovery will start. And to me, next year and the year after will be extremely bullish since institutional investors are already flooding in, even in this dip.

In the meantime though, expect a sizable dump because prices have just risen too quickly for it to be sustainable without a correction.