It's counterproductive. It makes far more sense to firmly regulate the space as a whole and have that control. If you prohibit people from buying into crypto you can be sure that they will get their crypto from sources that are nearly impossible to keep track of. Great for the crypto ecosystem there because it is invented to tackle middlemen.

On the other hand, it might just as easily be an attempt to temporarily halt the growth of crypto inside their country. Governments have a hard time catching up with how quick things change and progress in crypto land, so when they make it harder to buy into it through the more convenient central routes, the pace of the growth will decrease and they have a better opportunity of catching up.

Time will tell how everything will play out, but I'm confident that it's not the end.

Never forget that markets can stay irrational longer than you can stay solvent. The bear market you had enough of can drag on for much longer even with the block halving inching closer and closer. I personally think we'll get a pretty significant bounce early next year before the halving, but I'm also prepared for more sideways price action.

I'm focusing on the technicals, because when the technicals improve, buyers come in naturally. I'm waiting for a change of behavior and as long as that hasn't happened, it's safer speculating on the price to go down further because the trend is your friend. There might not be a lot down side potential left, but that doesn't mean we can't trend down slowly to low $6000's and then slowly trend up.

It depends on the time frames you are trading. If you're a 1-5 min time frame trader you are going to face a lot of disappointments trying to apply indicators. I honestly would put trading such low time frames in the same category of gambling, mainly so with how most people don't even have a clue what they are doing.

This reminds me of a friend of mine (wannabe trader) who sent me a message asking for my opinion on the massive dump that happened. Turns out, the 'dump' was only massive on the 5 min chart.  

Easier said than done. In a market like crypto that's active 24/7 there isn't really a moment to step back and get yourself together. Traders want to utilize every bit of the time they're awake looking for opportunities to trade. Not trading means missing out on potentially very lucrative opportunities. It's not like the legacy markets where you can take a (forced) break in the evening and weekends.

Crypto is brutally time consuming. Something that I have had to learn the hard way myself, hence the reason I no longer day trade. I used to trade spot without leverage, can you imagine how more stressful it is for those who are day trading with leverage all day due to the increased risk of getting liquidated? Nothing to like about it.

That's not a deal. It's just some fake ass give away where one of their minions ends up "winning" so that they don't have to pay out anything to actual users. Gain for Binance is a lot of new registrants and traffic. What do noobs gain? Nothing, and the funny part is that they will just be okay with that because with so many users participating, the odds of winning were slim to begin with. 

It could very well be that he emptied his dust wallet adding up a lot of byte size. That's not Bitcoin's fault. Even on BCash's network such transactions don't make it through right away if the fee isn't appropriate, and that while they have +99% of free block space almost every single block.

People expect way too much from decentralized networks. In no shape or form will they ever be able to compete with centralized networks on their main network. In order to get your network to scale up you need layers on top of the main network, which Bitcoin is currently working towards with Lightning already usable today.

Who knows what other layers we will see in the forthcoming years. Lightning will probably be one of the many in 5-10 years.

People will only believe events have an impact on the price when they see the price go up around the time the event is supposed to take place. These dumbos will buy into the hype and sell near the lowest point of the sell-off afterwards, not knowing they made a very stupid move. How will they attempt to 'correct' their stupid move? Right, by buying back higher. 

In all fairness, the speculative nature of this market is something you can't possibly time. It could just as easily be that the price will slowly trend up in the runup to the halving, stagnate for a couple of months, then take off. Most of the 500-1000% bull runs happen when most people don't expect them to happen. I'm perfectly fine if that will be the case this time. My time horizon goes far beyond the 6-12 months people usually focus on.

It's an exchange that for a large group of people works relatively okay, but for another large group of people works shit. Ratio wise, I would say for every two users that do not experience problems there is at least one that experiences problems (mostly related to withdrawals). It's one of the exchanges you don't see even noobs shill. If noobs don't shill that exchange, you know it sucks balls.

Stick to the Binances and Kucoins of the space and you are faaaaarrrr less likely to face any such problems. If they don't have x/y/z shitcoin listed then don't trade it. The aforementioned exchanges have enough other shitcoins listed to make most noobs happy, and their pairs are way more liquid as well.

I wouldn't call it mixing since you withdraw tainted coins with your info atteched to them.

I wouldn't want any exchange to know more about me than I allow them to know. Whenever I buy coins from an exchange for long term holding purposes I run them through a mixer, simply because I don't want to lead them to my cold wallet stash, because if they know, what ensures me that a government can't get access to that information? Better safe than sorry.

In the end, it all comes down to who you want to protect yourself against. If you get coins from your neighbor but don't want him to know what you end up doing with them, all he will be able to know is that you sent the coins to Coinbase. I personally prefer that no entity but the mixer to knows (and that they delete logs as they promise) what the destination address(es) is/are.

It's a niche type of payment option. I'm pretty sure that whatever people pump through ShitPay's gateway doesn't even account for 1% of Namecheap's total revenue. In that regard, I do not blame them for taking their time. It will also force them to sign up to an exchange to sell their coins on. From the convenience that ShitPay offers to manual control of payments. I respect that.

I honestly don't even find it a bad thing that ShitPay adds more altcoins to its portal, because that immediately lowers the utility of BCash. Listing more altcoins is a firm sign of Roger and Bitmain losing faith in their shitcoin. They did their best to block altcoins but have realized that no one is interested in what they have spent so much time and money on shilling.

I can't wait to top up my Namecheap account with Lightning instantly.  

Nothing to enjoy about that because it enriches scammers. All that money (liquidity) is being withdrawn from this ecosystem. It's not going to get pumped back into crypto, otherwise they would just sit on their coins and not convert anything. They don't give a shit about what they do to this space. They want their pockets to be filled with fiat at all cost.

It wouldn't even surprise me if the same group (whatever is left of them) will repeat the same scam when there is another bull run going on, because that's when people are the easiest to convince to invest in outright scams. People here never learn from anything that happened in the past. Probably the easiest victims to scam, hence the reason some of these scams generate hundreds of millions with little effort.

Bitcoin was quite 'steady' around $10,000, $9000, $8000, $7000..... It's nothing special on its own because despite all that 'steadiness' the price kept tanking.

People here are more likely to agree with less bearish forecasts than with bearish forecasts because they want to see their coins go up. The 'analysts' that they trashed for being bearish are now cool again because they aren't that bearish anymore? Seriously? 

I want to see these 'analysts' show me their recent trade history. I'm pretty sure they will not agree to that because they don't put their money where their mouth is. In other words, their 'analysis' is dog shit.

Options trading is a different class within trading.

https://www.investopedia.com/options-basics-tutorial-4583012

---

Not sure where people's interest in options trading comes from, but 'trading experts' are popping up everywhere on social media offering options courses and guides for ridiculous sums of money. They only need a few suckers a month to pay for that garbage and they have a solid monthly income. It could even be seen as passive income because they only have to spend time setting up these courses/guides once.

People can't even just do simple spot trading and they want to get into options trading? It's hilarious.

You understand enough of it to question the nature of this market place.

In most cases, people who are about to launch their own market place don't talk about ROI or allowing you to make money. They focus on how to market themselves, attract traffic, compete with other market place sites, etc. The reality is that the profit margins of existing market place sites are so tiny, that there is barely anything to gain for investors.

My personal opinion is that a market place site should be simple without too many bells and whistles. Plenty enough options to choose from nowadays.

People are messed up in the head when you look at how even some of the most trashy exchanges hold tens of thousands of Bitcoins on behalf of their users. That's enough of an indication that people aren't capable of making rational/smart decisions when it comes to how they store their coins. All the hacks we went through in the past weren't enough of a wake-up call apparently.

This recent move of Poloniex might help attract some of the older traders who never wanted to leave that exchange but were forced out. It may sound weird, but some people are attached to services such as Blockchain, Bitfinex, Bittrex, Poloniex, etc on a sentimental level. Time will tell whether or not that turns out to be a good decision. I think not.

That makes me wonder how you hedge potential declines in the price? At one point if your business becomes a success and you generate significant volumes, your risk increases significantly too in terms of what the price is doing. The ShitPay's of this world hedge their down side risk by shorting a portion of their holdings. What is your plan of approach in such a situation?

That's awesome. It means that the merchants selling their goods for Bitcoin end up getting more money for the same products since the 3-4% card fees are generally calculated in the price of an item, which should be enough incentive to get them to accept your 1% fee.

I honestly never really have had a problem with Bitcoin's mining ecosystem. People tend to be overly concerned about all sorts of scenarios where miners or China takes over Bitcoin, but I don't see that happen, neither is there much of an economical incentive to do so. Bitcoin has done extremely well while people expected doom scenarios to unfold. Don't break something that has proven to not be a problem.

I'm more concerned about how to onboard common joes than anything else, because that's something we aren't even remotely close to with how unfriendly the whole experience of crypto is.

In most cases that doesn't really matter to people. If it really mattered, we would see the transactinal activity on altcoin networks increase exponentially, but most are either flat or in decline. The reason people complain about Bitcoin's fees is that they actually use it and have no desire to shift to something else for actual use.

Bitcoin is on its way to take even low transaction fees and faster settlement away from altcoins through Lightning. It can't get much better than fees of just a couple of satoshis and instant settlement. In fact, you can already use it even though it is recommended to use it with low amounts only. Moreover, there is also more privacy when you conduct payments through Lightning.

He plays it smart (read, safe), unlike many get rich quick noobies here who go all in. If it works out for him, it will give him a pretty ROI, if not, he will not be too sad. In general, high net worth individuals tend to put 1-2% of their liquid worth in speculative assets. 1% of $78,000 = $7.8 million.

The more money you have, the more careful you are with it because you know what it took you to get where you are, and you definitely know that you don't want to lose it. It's called smart money management.

There is an update though, he bought more coins on the dip; https://twitter.com/pulte/status/1207055948075982848

You compare Litecoin, an utter shitcoin, to Bitcoin. Not a good thing to do. Look at Litecoin's historical price activity. In 2018 it fell 50% below its 2013 high. It's purely used as a pump and dump scheme.

I remember back in 2013 when everyone (including myself) was saying that Litecoin would reach $50 when it would get listed on MtGox. It didn't get listed on MtGox but it reached that price anyway. Currently it trades at $42. 

What he tries to say is that people shouldn't buy in because of the halving to avoid getting rekt.