a price (support level) that stands against a huge dumping pressure accompanied by lots of FUD is not called "weak"! i don't know how you came up with the conclusion that $3000 is a weak support though!

as for Bakkt, it is mostly a hyped up news and bitcoin doesn't need that to rise. pretty soon the sell pressure is going to be lifted as the whales run out of money, in fact it has already started as the price showed a quick jump back up to above $4k level with a whopping $1000 rise.

i think this current trend is mostly because of Tether!
everyone saw how a company, a shady one, can easily make digital money out of thin air and earn a lot of real money from it. and so far it seems like there is nobody stopping them and the community doesn't care about it either since people are still using them even though they are very risky.
the biggest problem however is going to be when something bad happens! in that case the whole market would be shaken hard as a lot of money would evaporate in an instant. for example imagine the case where Bitfinex goes down (Bitfinex company created Tether) not just Tether but all the rest of stable coins would take a huge hit. and that damage would spread to the rest of the market.

i think you have no idea what you are talking about!
first of all what you are describing is not a bull run, it is called a pump. or as i like to call it the "pumping season".
secondly a coin can not be both alive and be worth less than 1 satoshi! those projects ARE dead. but they still get pumped hence what i said before about it being a pump not a bull run.

and finally the most important thing is even if the shitcoins are being pumped it  does NOT mean "everyone" wins! there are still newbies who will lose money during pumps because if you have no idea what to do and how to trade, you will lose money. as simple as that.

mainly based on the type of the drop. it was not natural price decrease but a dramatic dump with lots of FUD and manipulation of the market. investors were clearly reluctant to sell which was evident from the strong buy support at $6k and the market sentiment and the only reason for the drop was the BCASH FUD.

it is impressive but if you look at the bigger picture, in my opinion, it was only going back to normal after being in an unstable fake price level.

if the drop continues, then this is still not a bear market. the follow up will be. but it will be a forced bear market not a natural one.

stop watching youtube videos. 90% of them are pure bullshit published by people who have little to no understanding of bitcoin and how it works. it will only waste your time and mislead you. the only videos worth watching on youtube in my opinion belong to Andreas Antonopoulos


bitcoin is different and being different doesn't make it "magic money". it only seems like magic money to the 90 year old grandmas who think the only "real" money is when you cut down trees and write a number on the piece of paper you make out of them.

you don't have to buy it, like any other currency in the world you either exchange your one currency to another or you earn that currency like when you get paid every month for your job!


after you "obtain" bitcoin (through buying or earning like earning fiat) you can then spend it any way you like.
when you obtain 1 bitcoin you will own 1 bitcoin the USD value may go up or down because bitcoin is still young and volatile.
there is no middle man
there is only network fees and no other additional charges
there is no centralized authority to prevent you from using your own money
but they can monitor your transactions since bitcoin is not anonymous.


it is the same as how exchanging your fiat would work when you want to go abroad. you go on some exchange site, give your fiat and receive other currency in return. it can be a place where they buy it from you and then sell it to someone else who comes along the next day or it can be a live market where people meet and buy/sell from/to each other. bitcoin exchanges are the later, you sell to someone else who is present on that platform and has placed his "bid" there.

usually it is some company somewhere that have invested some time and money into developing the platform. you can search for bitcoin exchanges then visit their websites and read their "about" page. like coinbase.com

it can and there are third party exchanges and it has nothing to do with bitcoin being peer to peer. it is as the name suggests a third party service!

ATM is just a machine that digitally verifies the cash you feed it and then spits out bitcoin in return

throwing random numbers is always easy. analyzing and giving a proper speculation is hard.

what you are doing here is making a random guess based on literary nothing and your topic is so far worthless because of that.

as for "preparing for the worst", you seem to be forgetting that this current price is after a huge 80% drop. this IS the worst and even if price by any luck goes any lower it still doesn't make the current price a bad entry point.

bitcoin cash and bitcoin cash abc are the same thing.

and it is not pumping, it is just the bitcoin effect when bitcoin rises after a long fall which altcoins also followed, they will also recover their big falls a little bit.
additionally like any other altcoin when they get dumped a lot after the dump is over there is a bigger recovery than usual but that doesn't mean it is pumping. it may lead to a pump later if they decide to inject some money out of their pockets into the market.

you shouldn't invest in anything just because you see someone else (even a whale) is investing in that thing. and definitely you should not invest just because you think they are investing!

instead you should only invest AFTER you do your own research and analyze the asset you want to buy (in this case bitcoin) and if you saw the potential in it and predicted a good future with a price rise then buy it.
if you do the research step then you can use the information above (like seeing whales accumulating) as an additional green light to buy bitcoin. but it should not be your only reason.

the bear market has been over for a couple of months now and the fact that price dropped below $6k doesn't mean it was the "bear market" that caused the drop. it was instead pure manipulation that caused a crash and crashes are not equal to being in a bear market.

this is also NOT a huge price increase. it was indeed a small one. a huge price increase would have been going near $6k and try to break that resistance which is clearly not happening.
with that said if someone interprets this as "huge rise" and then pulls his pants down then it is their own fault!

if this (bb7f7a0988e96f9939d0a39effc969ff5c1c18be9fe667ddde65c290dd8ae2d0) is the transaction you have in mind (which has 200 inputs) then it is not single key SegWit which you are comparing with a single key legacy transaction! it is a multi signature SegWit with 2 signatures in it (2 of 3) so each output is increased by 2 additional pubkeys (2*32 byte + 1 byte size + 4 byte op codes) which has nothing to do with SegWit!

as for scriptsig in this type of transaction it is there because they are using a workaround for using SegWit instead of using SegWit itself (workaround being nested in p2sh). if you use direct SegWit instead scriptsig would be empty !

most of these predictions were outrageously high. like for example Tom Lee has been speculating a new ATH by the end of this year not just a regular rise. a regular rise would have been more possible (like going back up above $9k) but setting a new ATH is simply not going to happen soon after a big bubble burst like what we had this year.

so what are you trying to suggest here?

the number of transactions in that block is 230 because people (services) have been batching transactions and reusing addresses which has led to creating bigger transactions hence taking up bigger space in a block hence a block being able to contain lesser number of them.

this has been the case from day 1 and will be with or without SegWit or even with having a hard fork to a block size 2 MB.

majority of bitcoin users don't care about ETF anymore so if by "hope" you mean people waiting for an ETF to be approved then no, i don't think that many are waiting for such silliness anymore.
but if you are only talking about whether SEC would some day approve of bitcoin ETF then yes, it will eventually happen. it may take a couple of years for them to give in and accept it but it will happen nonetheless. i read somewhere that in some other country that i have forgotten now bitcoin ETFs were taking place already! so it is just US that has fallen behind.

it is "November" 2018 which is last month that is gone. this topic is also old. in other words OP was not predicting anything, he was just reporting the price at the time.

in case of reaching $6k i believe that it can happen easily because we currently are in an underpriced state and only a small ignition is required to make the market explode back to real values above $6k.

these two are not mutually exclusive. which means you can't have bull run without adoption and you can't have adoption without a bull run. it all comes down to the utilities that the coin provides and whether that adoption is real or just fake one by speculators who want to gain some money by temporarily entering that coin.

for example when bitcoin is adoption by more merchants around the world the price rises and as the price rises more people adopt bitcoin and more merchants start accepting it as payment and then price rises.... and it repeats like a connected ring and moves forward.

you can't force people to do what they don't want to do.

when they see the potential of bitcoin you can not stop them from buying it even if the media spreads FUD 24/7 they still won't stop buying bitcoin even if the price goes down like this year as it is evident from the market status.

to start trading you don't need a special time. you can enter the market anytime you want and start trading. as a matter of fact 2018 has been the best year to start trading because if you did that you would have been forced to learn how to make profit instead of profit coming to you!
for example last year any newbie without a brain could make profit if they bought literary anything, even dead coins, held for a month and then dumped it! that doesn't make you a trader though but what it does is that it gives you the illusion of being an expert trader and that is the worst thing because all of those with that illusion lost all their money this year.
but if you started this year you could have build yourself a solid trading experience instead of an illusion.

you can not decide whether we have reached the bottom or not based on the total cryptocurrency market capitalization! it would be like trying to decide whether this is the bottom based on whether or not today will rain

we may reach $70 million and still not be at the bottom since about 45 million of the 100 million belongs to altcoins that are still pretty pumped up and can continue dumping for a couple of more months.

as a trader you do not need the market to go up to make profit. nowadays there are lots of ways for making profit in a bear market while prices are falling. so you can't say entering stocks market is better than bitcoin or worse only based on how much it dropped!

additionally as a trader you need experience to be able to make profit. this means that it doesn't matter which market you choose, as long as you are a newbie in either one of them, you will lose money.

but this is not the first time!
you could have said this the first couple of times but after 10 years of having the same trend of a big rise then a big drop but not to previous low which still leaves some rise and then a stable phase and then the next big rise.
so i don't get why some people are so surprised when the same exact thing that has happened multiple times before is happening again.