^^^^^^

Yobit has been around longer than most people here, so there is plenty enough in their reserve to keep it running for a long period of time.

They made a killing listing altcoins for 0.10BTC, have their own tokens listed and sold to their traders, have fee income, probably also operate trading bots, etc.

Still, having enough money doesn't mean it's smart to splash it all over this forum that aggressively. That same money can last you 6 months easily if you only work with 50 or so posters.

Posts in signature campaign threads indeed aren't eligible for payment, posts in non signature campaign threads in the services section are as long as they are constructive/helpful/informative.

I'm inclined to think that we still have $6000-$6500 to visit and perhaps even lower if things turn really ugly. If we don't close above 200EMA/MA on the daily, the market structure hasn't really changed, which means that lower targets are very much still in play.

We have seen similar increases back in 2018 where people celebrated the end of the bear market, and that while the price despite the significant increases still didn't manage to close above the 200MA. We all know what happened after months of sideways price action between $6000-$7000.  

I didn't take any profits. It's just a 2x short so I'm not in the danger zone. I'll let it open until we get some seriously bullish daily closes, which I don't really anticipate.

It has no effect on Bitcoin at all. All this quantum computer bs is just spit out by news outlets to scare people off, which isn't too surprising given the bearish sentiment.

No one cared about quantum computers when we went from $3000 to $14,000 not long ago, and now suddenly people worry about it? come on. It's just another tactic to get the price to sink further. Bitcoin has gone down because the charts just look awfully bearish. Big money is shorting, not going long, and that's the right path to follow until the charts improve.

People should worry about scooping up as many satoshis as possible instead of quantum computers.

It's not manupulation but many shorts being slaughtered. It just takes a nifty market mover to wait for the orderbook to be thin enough to wick the price up and trigger a massive short squeeze.

Considering that the price has been bought up by shorters because they were forced to, it's probably safe to say that it will not be sustained for long.

The only way for this increase to have a bullish end, is to close a daily candle above the 200EMA (~$8600) and then close a daily candle above the 200MA (~$8900). If that happens, then I'll be opening a thick fat long, or else I'll just keep my short at ~$8700 open and ride the market down.

Ok.

So you speak on behalf of every rational mind? I highly doubt that.

Stablecoins might be stable units, but in terms of value, they mimic the actual fiat currencies they are supposedly backed by, so they will lose purchasing power every single year.

If losing purchasing power every single year is the best thing that ever happened according to you, then I can see why you don't like Bitcoin, an asset that truly appreciates in value.

Are you somehow affected by the decline we have seen yesterday? If so, then I can somewhat understand your saltiness.

That isn't always true because not everything listed on dark net markets is illegal.

In most cases people using dark net markets are just buying psychedelics, which I personally have no problems with. I'm pretty sure that authorities are well aware that only a very small percentage of the conducted transactions on dark net markets involve ID fraud, credit card fraud, weapons, etc.

It's the mainstream media that comes up with money laundering, terrorism, etc. Most people who are technically clever enough to use a dark net market know very well that they shouldn't mess with any of that while using Bitcoin, and they very likely don't. That's what the us dollar is for. 

It's way more likely that the physical cash you hold in your purse is used to conduct actually illegal transactions offline, but no one seems to care because it's fiat.

May I know what these crypto credit card projects are? As far as I know there are only services offering crypto related debit cards, where it's more than arguable that it has anything to do with crypto at all because the actual payment is still settled through a legacy financial institution.

I never liked debit cards offered by crypto related services at all because there is centralization upon centralization that you are dealing with. I rather just go with an actual bank that knows how to offer such financial services, and they mostly come at lower fee too. The fee some of these crypto services charge for an ATM withdrawal are insane.

The number of transactions has been steadily declining the last 6 or so months.

The decline can be attributed to Tether re-issuing its tokens on Ethereum, more services batch their transactions nowadays, Lightning use picking up, etc. I expect the number of transactions to dip further as there generally is less demand for anything related to crypto when the price is trending down for a prolonged period of time.

Most naysayers will however say that there is no one using Bitcoin for anything, which is why it's so important to educate people on what causes the number of transactions to actually decline.

Same name. Same plan. Same outcome.

One can measure institutional demand by following how many Bitcoins are locked up in Vaneck's "limited etf" trust. For those not willing to click on links, currently they hold ~64BTC.

I expect the number of coins in the fund to significantly increase once institutional players have confidence in a bottom being near, so definitely keep checking back there.

It smells of lack of liquidity. It also smells of stops being triggered, longs getting liquidated, etc. Perfectly normal market activity.

Right. That's why you got to like how simple Bitcoin is. It's designed to do one task extremely well, and that's also what it does, while Ethereum has been designed to do multiple tasks well, but the reality is that it does a mediocre job in most task areas. It also requires far more technical understanding of the inner workings of the protocol.

Running a Bitcoin full node is just a matter of downloading Core or another client, let it open and it does everything for you. It just takes a day or two to download and validate the data. No further attention needed from the user. Running an Ethereum client will freak you out if you are a simple user and just want to contribute by running a full node. Result is that no node will be running.

I remember the same euphoria and praise when very large crypto businesses were moving to Malta, and here we are now reading articles about the same businesses leaving to another country, until that other country follows Malta, which I believe is only a matter of time. It's a cat and mouse game where the mouse keeps hiding inside a hole or crack until there are no more holes and cracks to hide in.

Coinbase has followed the right path of becoming compliant in every possible way, which puts them in a great position looking at how its competitors are fleeing from one country to another.

This once again shows that it's not a sprint race, but a marathon race. Coinbase is the obvious winner. Patience is virtue.

In that case you should also read through the terms of the payment service that you use, because in some cases there are exceptions where a payment service can reject any claim of a chargeback. A lot of financial services aren't too fond of seeing their platform be used to conduct crypto related transactions, whether it's buying/selling cryptocurrencies, hardware, paying for goods and services, etc.

In a nutshell; make sure you don't break any terms. It significantly increases the chances of you getting your money back. Even better, just avoid dealing with unkown sites. Go straight to the source if you want to buy into mining hardware.

Reading through PayPal's (or any other service) terms will help you out a great deal.

Bearish mood coming back implies that it was gone for a while, but it has been here for weeks already. It's just so that people didn't see it, or perhaps they didn't want to see it because they are heavily invested and only want to read bullish predictions. I think the latter makes more sense with how combative people are to any neutral or slightly bearish short term forecast.

I hope for people that they don't chicken out once again, because this is the time for people to pull out their fiat bags and start scooping up satoshis.

I don't get why people are so surprised? It's one heck of a short/sell indicator when the price dips below the 200 daily moving average.

My current target is $6800-$7200 which I believe will form as a temporary bottom at the very least. It will be my first DCA entry point, which is what I have been waiting for since we broke out of the descending triangle. The bullish sentiment within and outside the community was very telling as well.

The good news is that this offers a new (potentially last) opportunity for people who missed to buy at these levels previously to do it now.

That has already proven to be a non issue. Any token launched on Ethereum enjoys the security of it's immensely powerful network, and that security is something that you as project or business can tap into nearly for free, hence the reason most serious projects and businesses launch on Ethereum and not on garbage platforms such as EOS or TRON.

Dataplans in most countries will eventually become less of a problem because more and more telecommunication companies start to offer unlimited data plans. I'm currently on an unlimited data plan, which I pay quite a lot for comparatively, but it allows you to get a lot of things done without thinking about running out of megs.

I remember when I started out with a 50MB UMTS data plan years ago. It was €60 a month. I'm currently paying €50 for an unlimited data plan. Everything gets better and more affordable as time goes by.

The introduction of 5G will help help a lot too mainly because of the much lower latency, and the much lower power consumption, which is quite an important factor when running a full node on a smartphone.

Altcoins have one main utility that Bitcoin will never be able to take away from them, which is that they generally go up more than Bitcoin. Most of the altcoin traders and investors play with altcoins to stack up on satoshis, and I'm pretty sure that it will continue to be like that for many more years. It also helps keeping a lot of Bitcoin off the market.

People never cared enough about the utility of altcoins to care about Bitcoin doing a lot of things better, or that it has a lot in the pipeline deeming altcoins obsolete.

I don't agree with that reasoning. Bitcoin may be a safe haven asset within this small community, but it certainly isn't that in the real world where big pocket investors and institutions move the market.

If you force me to make a choice between going long or to short Bitcoin just before a recession, I'll short it. I don't even think that Gold will be of any use then, especially when you take into consideration most of the price discovery for the metal happens on platforms such as comex, where everything is cash based.

What will happen is that people start hoarding their local fiat currencies, or in case their local fiat currencies suck, the us dollar will be the safe haven. In South America you can pay with the us dollar almost everywhere. In what non-us dollar countries do you see stores and whatnot accept a foreign fiat currency on such a large scale?

I'm sure that during the next recession some asset will stand out, but I can't say which asset that will be, and it might not even be standing out in terms of going up x percentage, but just by not losing as much of its value as the rest of the assets in the market.

This is why there are centralized players in the market that you can use as merchant to not be subjected to the volatility risk. All the risk of the volatility is now the responsibility of centralized payment gateways, which on their turn hedge the risk of the price going down by shorting a portion of their coins. The more people pay with their coins, the more centralized payment gateways will short.

I honestly don't find there being much of a problem. Volatility has been a big thing for many years now, and it hasn't lead to less merchant adoption at all. In fact, today there are more merchants accepting Bitcoin than ever before. Not just some online shops, but big household names, and it will continue to grow.

Interesting development is that merchants found out that announcing support for Lightning payments leads to more traffic being drawn to their site.

I actually wonder if anyone managed (or in the future will be able) to successfully request a crypto related refund from PayPal, because they haven't been too keen on businesses who don't specifically have an agreement with PayPal and for that reason are whitelisted. If they haven't been whitelisted, I doubt you'll be able to get anything back from PayPal.

What you CAN do in case you have a bank account linked to your PayPal account and PayPal isn't cooperating, is to request a refund from your bank.