Is it really that simple? On platforms such as Bitmex you have to pay close attention to the funding rates. In a bear market obviously, you'll have more shorts than longs, which means that your fee as shorter will significantly affect your position the longer it remains open. Vice versa for when there are more longs than shorts during a bull market.

Long term speaking it would make more sense to just stick to unloading spot if you expect the bear market to last a year. There is way less risk involved sticking to spot investing/trading.

With how popular leverage trading has become people have lost more money than ever before in this space. Some morons think using 50 or even 100x leverage is not risky at all. I haven't seen people be this stupid in all the years I have been trading/investing stocks/crypto. It's only a matter of time before we get the first 200x platform. As platform you got to 'innovate' eventually...... 

I think it somewhat does affect even the most hardcore holders, especially if the price hovers above a certain level for a longer period of time. At some point you get used to your stack being worth x $$, which makes you feel good, but when the price does a 50% correction, it's impossible to not feel somewhat bad about it.

It makes you think about how you could have done things differently, etc. It's perfectly normal since we're humans at the end of the day. A lot of people here have most of their net worth sitting in Bitcoin, either through price appreciation or just because they put in their hard earned money. Rationally speaking, perhaps it would be healthier to reduce one's exposure to reduce the level of stress that comes with it.

It's kinda funny how the winklevoss twins in interviews praise Bitcoin for its decentralized nature and that nobody needs permission or anything in that order, but at the same time they spread posters stating that crypto needs rules, lol. How contradicting can you be. Crypto doesn't need rules, hence the reason it has any value to begin with. Their exchange needs rules to abide by.

Let them spread the word about Bitcoin. It's much stronger of a message than Gemini bla bla exchange. 75-80% of their volumes comes from Bitcoin. The least they could have done is put a BTC somewhere.

Luckily, it's not a large exchange by any means (24h volume of 20BTC), so its absence won't form much of a problem on that front.

It has so much shitcoins listed that I consider it even a good thing for this space that it will shut down. The only problem is that some people have been complaining about coins being stuck in maintenance mode, which I hope for them that the exchange will sort that out before the first of december, otherwise the exchange ends up with free coins.

It is weird though, like a week ago they in a tweet announced that AMIO (some kind of a shitcoin) has been listed. Something must have happened between the listing and their shut down announcement some days later.  

I'm quite sure that he can't make changes directly, but due to his and Bitmain's stake in the company, they can use that to put the other coins in a disadvantageous position, for example by charging an additional fee when you use BTC/XRP/ETH. They already do that with Bitcoin, so with Ethereum's fees having gone up a lot, it might be a victim too where they use that as an excuse.

I'm all open to a free market, which is why I don't understand why some Reddit Bitcoin bulls are trashing BitPay for accepting other coins. Discarding the anti bias of mine towards BitPay, a company should do whatever it takes to up its revenue and profit streams. I can't wait for BitPay to report the actual stats as to what coin has been used more than the other. I'm sure ETH and XRP will surpass BCash in volume.

It's actually not fair at all for people to compare Bitmex's volumes to for example what Coinbase is generating.

I remember Arthur Hayes once having said that the average leverage used is 8x, which means that you have to divide their reported volume by 8 and there lies your answer to their volume. Today's Bitmex volume is $1.2 billion, so divide that by 8 and the number is $150 million. Bitmex once said that they also run their own bots, so the actual volume generated by their clients is probably lower.

Based on the volumes Binance is generating today, they are still the top dog. They have the users to actually back up most of their reported trading volume.

I like that thinking. A lot of people act like a bunch of self-proclaimed experts where we are today, while there was no way to know what the market would do before it peaked out around $20,000. I honestly wouldn't have been surprised if it would increase well past the $20,000 level with how irrational the market was. Nothing made sense anymore at that point.

It's important to take into consideration that people technically didn't even care what price they bought at. All they cared about was to obtain x amount worth of Bitcoin or Ethereum to buy into an ICO. $10,000 worth of Bitcoin at a price of $20,000 is the same as $10,000 worth of Bitcoin at $50,000. People bought Bitcoin to directly transfer it to the ICO they wanted to invest in. It wasn't meant to be a long term hold.

Bitcoin obviously was made to be spent, which is what happened on SilkRoad. It was the first large scale example of how useful Bitcoin is as money. The thing however is that after years of price growth and general confidence of the people holding it, there is less incentive to spend it because of how you end up lose a lot of value throughout the years.

It's not the most convenient way, but what you can do to not lose out on future price appreciation, is to replace every satoshi that you spend. I have been doing that for a long time now and I no longer regret having bought anything because the price went up. Wish I did the same back in 2013/2014/2015.......

Interesting fact is that people earning coins through whatever task/gig are more likely to spend their coins than those who spend their hard earned money on Bitcoin. I have seen it a lot on and off this forum. It stimulates healthy circulation of coins, which is important too.

Bakkt didn't flop, the people did who thought it would generate tons of volume right off the bat.

Bakkt is a retail driven platform, launched during a time where the market took a massive dive. Retailers have a tendency to only enter an asset when its price has been trending up for a while, which isn't the case with Bitcoin. I expect Bakkt's volumes to pick up when the retailer's confidence in the price has been restored, so give it some time.

Somewhat of a positive point; Vaneck's trust has seen an inflow of 60BTC a couple of days ago.

I never said bugs in Lightning are fud. I don't even rule out that more bugs will be found this year.

The main fud part is where you said that Lightning can quickly transform Bitcoin as secure money into Bitcoin the unsafe money. That's incorrect. It has always been clear to anyone using it that there are certain tradeoffs when using Lightning. If you want to enjoy the uttermost security, then just conduct on-chain transactions.

Nothing will change how on-chain transactions work and no security will be lost due to Lightning. Bitcoin and Lightning are two different transactional foundations.

Cars.com as business (valued at $2.5 billion) was sold where the valuation of the domain itself was reported as $872 million. If we ever get to see bitcoin dot com get sold, it will be done through a similar construction, because if you sell just the domain without a working business it's worth waaaay less.

I don't think any entity within crypto has the capital needed to acquire this domain including the businesses, unless they throw in shares of their own company to tempt Roger to sell it. If we get to witness a takeover, it will probably be an institution or large social media platform. I rather see Roger keep it in his portfolio than for example Facebook or Google.

That's definitely not it. If it was, they would have been fine sticking to BCash, because the fees are lower than the fees of XRP.

I'm pretty certain that BitPay adding Ethereum and XRP is just the result of them being done with Roger's censorship. It's a business at the end of the day, and due to them not adding any other crypto currency, they have missed out on a lot of income.

This is very bed news for Roger Ver's BCash, because he no longer can use its merchant adoption as a selling feature over other coins. It will be even worse when his second most hated coin makes it to BitPay, which is Litecoin. Great for crypto in general.

I do however wonder if he can make BitPay charge an additional fee for using Ethereum or XRP as payment option. 

I find it a bit of a non issue.

I get why people like round numbers and not 0.xxx, but those seeking privacy should take that for granted when using ChipMixer. I have withdrawn a 1BTC chip once thus far, and it was split into smaller fractions all finding their way to cold wallets of mine with some extra movements, all costing additional transaction fees. In other words, I wouldn't get that perfect 1BTC in my cold wallets anyway.

In the end, what matters to me is the total number of coins that I hold, and not even or odd individual balances of my cold wallets.

That's bullish for those who are genuinely interested in Bitcoin. I doubt most people here have a clue about what upgrades Bitcoin will undergo in the forthcoming years. Most people focus on 'when moon?' Anything beyond that is unknown territory and for that reason will avoid dabbling with it.

I'm more of a so called smart buyer. I follow the trend and utilize it to the best of my ability. I plan to accumulate somewhere between $7000-$7500 and increase each entry point the lower we go. I did the same during the crash from $6000 to $3000 last year. While people don't dare to touch Bitcoin, I am a happy satoshi stacker.

If you want this thread to turn into a spammers cesspool then definitely move this thread to Bitcoin discussion. 

What miners? Bitcoin miners? I wish them good luck with their SHA256 asics. 

It doesn't really surprise me that Bitcoin's fees are going down with how Segwit adoption has yet again made another high; https://blockchair.com/bitcoin/charts/segwit-usage

I noticed too recently how low the fees have become. Most of my transactions were confirmed by the next block with just $0.10 in fees, and I feel that I overpaid there as well.

Tether switching to Ethereum has done a lot to inflate the fees there. Not that long ago there were like 150,000 transactions waiting for a confirmation. Currently that's about 40,000. Good time for Ethereum competitors to leverage the high fees and market themselves as THE cheaper alternative.

$7000 is legit one dump away. It's the next support barrier I see will prove to be holding strong for while, but depending on how much ammo sellers still have, we might be heading even lower than that. In terms of percentages, I would say 25% chance of a +$9000 visit and 75% chance of a low $7000 visit.

$12,000 is wishful thinking at this point with how moving averages are pointing down and will form a major burden to more short term price growth. Any move above $10,000 will change the market dynamics for the better, and I'm not sure how willing bears are to allow that to happen. They'll prevent that from happening well before bulls start to get excited about a trend reversal.

My most optimistic call is to not drop lower than $6000 this year. Don't underestimate how most people think when it comes to assets that go down; they usually don't touch anything that goes down.

That's very unlikely. At most, the profits booked through Gold will be put into Silver for diversification purposes, especially when it comes to actual precious metal bugs. I have been reading through many precious metal blogs and whatnot, the hate and dislike towards crypto is intense. To them crypto is more unnecessary inflation, something they are against.

Crypto as alternative investment option is at the very bottom of pretty much any investment list. People aren't just skeptical about the market conditions (read, volatility, manipulation, etc) but also the fact that it isn't backed by anything. Crypto appeals to traders looking to leverage the volatile nature of this market and short term flippers, which is where most of the liquidity comes from. Other than that, it's not much actual interest.

They're just following the trend first started by Japan. I don't find it too shocking to see exchanges delist privacy coins. It's not that we haven't seen this coming, right? It was somewhat set in stone with how governments don't want people to utilize anything that might help people to preserve their privacy. It's only a matter of time before it becomes a globally enforced rule.

In the end, it only enhances the underlying properties of privacy coins. I never liked the idea of people buying XMR for example on an exchange they're verified at, to then use it for whatever they want to buy or whomever they want to pay. Makes little sense to me.

I'm certain that they could have waited a bit longer before pushing it through people's throats, but it wouldn't change anything anyway with how much of a hit they have to suffer by that course of action. In the end, Shapeshift has a very strong brand and reputation, one that its competitors don't have. Most are drenched in complaints and scam accusations.

Interestingly, Shapeshift's Alexa rank continues to increase; https://www.alexa.com/siteinfo/shapeshift.io

You can choose very questionable services to avoid dealing with KYC, or do KYC, and use a service that's known to be reputable and has a well respected founder behind it.

I like the idea behind the convenience model, but there is too much of a security concern that will float around in my mind every single day. I don't think anyone should discard these concerns just for the sake of saving a few dollars. It defeats the whole purpose of BTCPay server in my opinion. Perhaps I'm too overly paranoid. 

I do however appreciate how honest they are by clearly articulating what the risks are, which can't be said about most other sites providing a similar service.