this has nothing to do with anything.
and that percentage is not "market dominance". that is a wrong word invented by altcoin advertisers.

it is the percentage of bitcoin's market capitalization from the total market capitalization.
and market cap is supply * price. bitcoin has ~16.8 million coins while altcoins usually have 100 million to 100 billion coins. and there are 1700 altcoins available out there. which is why it is 35% (assuming your percentage is accurate)

when you convert something to bitcoin, you don't magically do it on an exchange! you buy it from an already open order. meaning someone else has X amount of bitcoin which you buy.
in other words everyone can not and will not ever convert all their money to bitcoin. there is always someone selling so that others can buy.

and that is how the balance is restored. if you buy 100BTC someone else is selling you 100BTC or 10 person sell you a total of 100BTC....

as long as exchanges are honest and don't have fake orders (which is true 90% of the time) this balance is always there.

first of all since arbitrage trading is such a fierce competition, nobody is going to reveal their "guy" if they have any! because they may potentially lose that opportunity due to competitive rates and be unable to make that profit.

secondly, in this case vouches are not worth it in my opinion. you need to know the other party yourself and have a way of finding them in case something went wrong in the process of transferring funds. and being in another country makes things that much harder since you are looking for a global network.

I am still interested to know what others think though.

you are correct about the support but about buying I have to say it depends on your strategy. so many investors have longer term strategies when it comes to investing in bitcoin and that means whenever there is a dip like that, people are going to happily buy it even if it is around the support and it may seem riskier. that is because even if price goes lower, your strategy will end up in profit.
besides buying around the support is not as risky as you may think because it is the support after all. it means it will resist any big drop and so far we have seen whenever it falls under it, price jumps back up fast.

that is not an "aspect of bitcoin", that is an aspect of "fiat"!

and it has always been like this, whenever you want to do something similar to buying bitcoin (anything else you can think of) using fiat, you have to use your identification unless you are doing it with cash and face to face.
for example if you want to buy stocks, or participate in Forex trading you will have to do the same verifications.

manipulate has always been happening in all markets including bitcoin. and with bitcoin it is just more intense because it is easier to manipulate a small and unregulated market than it is to manipulate a big market like gold for example.
so this is not new!

aka a pump and dump scammer!

we will see a rise but not because of this quote.
the same thing happened last year and the 2 years before that. so we have already 3 years of same pattern being repeated. it has nothing to do with CME which only started this year (or Dec 2017).
and the rise is because of the increased adoption and the accumulation that is currently ongoing like it always does.

no it was actually in US, in Southern California I went ahead and found the guy I had in mind who said this.
https://www.reddit.com/r/Bitcoin/comments/5pe53k/i_started_mining_bitcoin_in_the_desert_heres_some/
you can see the controversy in his post history too. so I don't know if he is full of it or is he actually mining in the desert. but in any case this seems like a pretty cool idea if you can come up with a nice efficiency.

the way I see Technical Analysis is that it is and always has been a total bullshit that has no reason to be true. at least 90% of it is. that is why many call TA pseudoscience!

BUT the thing is, a lot of people follow it so it comes true!
imagine if majority expect a price drop. what would they do? they sell so price drops.
what if they expect a price rise? they buy so it goes up.

so I say TA is not predicting the future, it is shaping it. in this case when the third down happens the expectation is a rise. now combine that with all the $10k is the bottom, January is the time to drop and February is the rising month each year, the LN news, the adoption,.... and you get yourself a prediction that is coming true.

it is a lot more profitable to mine bitcoin in India not just because of the electricity cost but also because bitcoin price has been higher over there for a long time now. and as long as the problems that cause this higher bitcoin price persist, things will remain this way.
there is a similar situation in Zimbabwe. and in fact there are people mining bitcoin there, and then using the coins they mine to buy food oversees and then import that food into their country and sell it and make a good profit this way.

interesting question and that reminded me of what someone was talking about last year (maybe not 100% related to your question). I don't know if he was trolling or was really doing it but it sounded very interesting.

mining in the middle of a desert!
you will get the below 0°C temperature during nights which last nearly 9 hours. and then you get the direct sun (the free source of electricity) for the rest of the day which you can use to power up miners and set up a efficient cooling system.
the setup may need a big investment but the cost from that time forward is practically nothing.

this is not the place to advertise your website to generate traffic for it.

it is a correction and a healthy pullback until proven otherwise.

the only reason why it was bigger than it should have been (meaning it was 50% from ATH instead of being 30% tops and 40% worse case) is that bitcoin has been filled with FUD and lots of issues. we had the huge spam attack which has stopped about 2 days ago after the big dip to $9200 ended. I don't ever consider these coincidences. these are market makers playing with the market to make the most out of it. and sometimes things get bigger than normal.

I am going to say the same thing I said last year the same time, we are still in the early stages of bitcoin. this means investing in bitcoin is riskier but also because we will also be early adopters of bitcoin we will have the biggest reward/profit for the risk we are taking.

so far, from last year until now anybody who listened and "took the risk" has been rewarded 1300%-1900% and this year will be very similar also.

for now I am expecting more of a stable price with some sideway action just like before and based on bitcoin price history this can continue another week until we reach next month. in February we can expect some proper price action and the rises to begin. the mempool has also started clearing up which may also be a sign of spam attack stopping to make everything ready for the next month rise.

are you sure you used Coinbase? because from what I have been seeing Coinbase pays the highest transaction fees which makes transactions confirm the fastest meaning it should have been confirmed in next block!
not to mention the mempool has been smaller in past 2 days with low fee transactions (30-50 satoshi/byte) being confirmed fast.

it depends on what you want to trade. if the thing you want to trade is available on GDAX then do it there, yes it is quicker and more convenient for you that bought at coinbase.

I have no idea what that website is! but I keep my profit in bitcoin which means I withdraw bitcoin to my cold storage (paper wallet).
and if I ever want to sell bitcoin to fiat I use localbitcoins to sell it peer to peer.

may I ask how you bought bitcoin from coinbase then?

I disagree with this part.
during times like this where there is manipulation and a big drop happening (we saw a similar example a couple of days ago just like JPMorgan's FUD and drop) only those lose money that have never understood the market. the newbies who just saw a big rise and wanted to get rich so they got excited and dumped a lot of money (more than they could afford) in bitcoin and then because they had no understanding of what is happening in the market they panicked and made some irrational decision.

this is not all the hard earned money, this is a smaller group with hard earned money but no brain. the rest who have a brain and know how to use it never lose money like this.

now that it is officially over, you can see as it was expected by many, this dip was nothing more than manipulation of the market so that price goes down and the market makers make some quick profit from this quick but big down and up and increase their wealth a little bit more.

we add another big dip to the history of bitcoin's dips which are hundreds in very similar fashion with similar cause and effects. hopefully we also gain some experience from this and never repeat the same mistakes again.

well the exchanges in China were pretty shady and they were laundering a lot of money. besides when a service, no matter what it is, it may as well be something like Amazon, is working with fiat then it has to be regulated. so that part is not really something new and it has nothing to do with bitcoin or cryptocurrencies but it comes from the fiat world and the fiat rules.
Korean exchanges were the same. you can see how they were reporting ridiculously high volumes that were unrealistic from a country like them. closing such places is actually a good thing for cryptocurrencies in my opinion.

it is very interesting that Indian government has been putting a lot of financial pressure on their people and then pulling some weird shit like Demonetization of bank notes. and when people exit they start putting road blocks in front of them and that increases the speed at which their people are exiting!

lets see what bitcoin price is going to be in India this time. last year it was 30% or more higher than the rest of the world.

here is Andreas Antonopoulos talking about Currency Wars and Bitcoin
https://www.youtube.com/watch?v=6ZCVQHtD2l4

you are right, this does sound funny

I have been using bitcoin for nearly 4 years now and I have checked out some of the history of the previous years such as 2013, 2012 and 2011 and as far as I can tell China was the worst place for bitcoiners.

what country do you think all these years were "banning bitcoin" if not China? LOL
do a little googling and you will find the news of "China banned bitcoin" every couple of months like clockwork.

so I don't know what this period of time that China was "once safe haven" means...

two things:
either this is a government oriented attack against bitcoin by spreading some bullshit news about some random incident and making the bitcoin part of it bold.
or there was really such an idiot to do this with bitcoin and not with the real currency that has been used for years to fund terrorists: US dollar. which is not only easy to obtain but also easy to spend and also impossible to track.
whereas bitcoin is hard to obtain, extremely hard to spend and easy to track.