From my experience in the general market, and not just cryptocurrency, you should never say something is impossible. It is a market, and no one can foresee what would happen in the future. $3k is a possibility if the bears decide to take their next course on the market, but that should not be a problem for anyone who has been looking for a good price to go long in the market. As far as I am concerned, the lower the price, the better it is for the long term gains since the future is great.

Apparently, he is just trying to tell you what he thinks and it does not need to have a source that can back anything as long as no one can know exactly how things would pan out. Market will always be one step ahead and you do not need to start worrying yourself what would be happening next. It is what it is and there is nothing anyone can do about it. It could happen, as there is still room for drop in price as much as there is room for growth, but time will tell.

Most of predictions that ended up correctly were just luck or coincidence. No one knows what the future holds, and this is the reason why people should tend to listen less to some of these prediction bullshit and just stick to investing in the long term and focusing on that. Nothing is certain even in the next few seconds, as the market can decide to go in a direction it pleases, so it is the way we utilize those opportunities that comes that matters at the end of it all.

Moreover, we all want huge profit and massive fortune in the long run, but at the same time, this does not change the fact that, it is exactly what the market wants to do at its own time, that it will do and we can only blend with the trend as we keep moving on. But, this is a market, no one certainly knows the level at which the future is really going to end up holding up as the case may be or to which extent we are going to go up or fall back down from.

There is nothing to be surprised about, so far, it is serving as a major support and it has bounced off it for some time, but that does not mean we could still not break it eventually. Every market is hard to predict and that is the reason they are markets anyway and the only thing we can do is to accustom ourselves to the trend and time, but the volatility that some are complaining about is the volatility that some are really enjoying greatly. It is just as simple as that.

Those who fear them are certainly those who never get to understand the reason for their investment in the first place or will I say got the wrong understanding since all they care about is getting rich as the media painted it throughout last year. There will always be crashing predictions during a bear trend and it was obvious we will enter this corrective state, but certainly last year, even if you tell people to be careful, they will say you are generating FUD.

Trust me mate, you really do not want to know about those hidden wealth and I totally agree with you. However, for those who simply worked for theirs and are well known in terms of the social and economic value they bring with their investments and all, and are able to get their net worth accessed without any governmental worries on how they got their money, are simply the ones you will get to see. Apparently, a lot of people got their wealth the wrong ways and you would not expect to see them in limelight.

I wish some cypto aspirant will replace him in coming years. Yes, it will be truly possible by considering the potential yet to be reveled when rest of the world start adopting cryptos. FYI, the first crypto billionaire is Mr. Satoshi and the first verified  crypto billionaires are Winklevoss brothers.

Do not forget that development of each country is fully based on the government and how ready they are to provide what is needed for the citizens; which, we both know, most of these governments are simply just after their own pockets. Truth be told, cryptocurrency or blockchain technology will not be able to solve anything in the economic development, if the government is not ready for the development in the first place and with this I am referring to Africa. As time goes on, hopefully there would be a lot of pressure on its adoption, but for now, let's just see how events will unfold.

I thought a news went out recently on the leaders of the Islamic region coming out to say there is nothing wrong in investing in cryptocurrencies and it is never considered a sin in anywhere in the Quran. I am not sure if this was legit news, but as it is, I do not see any problem with Muslim countries adopting cryptocurrency or blockchain technology. Monetary system is evolving and I am sure, as time goes on, they will get to see the benefits it brings and be willing to make use of it to increase further development in their nations

Politics are already lead by the corporation who pay the most in countries like USA and it is lead by politicians who are looking out for themselves in countries like Russia. Economics is already a big sector and crypto is a part of that, it is not separated from it.

Considering all of these are tied to each other, it is not wrong to say that they will all lead the world and crypto market together as it has always been. Banks will lobby the politicians, politicians will make laws and regulations and taxes, crypto people will either ignore or follow and improve and start to gain power. Same circle all the time.

It honestly is very difficult and huge risks to be trading the market in such situations like this. In an uptrend, it is easier as you see some level of sanity, and for the fact that the market is bound to go up quickly than downward, you really would not want to be shorting too much without some good stop loss as the case may be.

Shorting on the other hand is actually easier in a bear market where everything is simply just going down like lightning and that makes more volatile markets easier to short as long as you can use the market condition itself as an indicator. Normally, no sane trader will want to short the market when it is reaching a potential support in the first place, you only short when there is a break out based on your analysis to the downtrend which is usually always the normal thing to do.

It is trading and it is market, usually nothing is guaranteed and you cannot always be 100% right, but like you said, there is always a need to know when you are making certain decisions in the market which I believe any knowledgeable trader will  not make the mistake of buying at resistance or shorting at support.

Apparently, this would still have to do with which project is doing the airdrop and on what platform. I have seen some projects with their own mainnet offering airdrops, and you will need to download the wallet which sometimes can be pretty much tough for the newbies.

However, for ERC20 tokens, MEW is always the best option but in this case the OP need to understand that the only way you can always have access to your MEW as well as your tokens, is to have the private key and he will really want to keep that as safe as possible. Not just OP, anyone who is still thrilled about airdrops, maybe he should take his time to learn a little bit more about the cryptocurrency space.

Usually, for ERC20 tokens, you will definitely need an Ethereum wallet with which you have the private keys to receive from the airdrops. Without the private key to your account, or using a centralized ETH wallet will make you lose your funds, which is the reason why I said, you really need to learn a lot before starting anything. However, I still wonder what people see in airdrops anyway.

Any market is bound to recover as long as it is still active in development and growth. The fact that we are in a downtrend which is applicable to every other market does not mean it would be like this forever. It is just a phase of the market and nothing else, and all you have to do is to utilize every moment as an opportunity.

It would only be a problem to those who want to see it as a problem. Even if ETH should go lower than it is now, it just brings about the chance to just buy more for the long run and nothing else. Recovery is a phase of the market which is inevitable.

It might not be immediately, it might take a while, but a time will come in the market when demand will always skyrocket and you only want to be buying the lower prices to be able to benefit from this change in trend when the time comes. Usually, we have opportunity to buy the dips and opportunity to sell the peaks. Now, is a good time to be buying the dips as there is simply no better way to go about it than now?

Bad news do not affect bitcoin that much anymore, I do believe. Bitcoin is the first line of defense on a news affecting the price because when the bad or good news happen its bitcoin that moves first and alts after that. Moreover, if there is a coin out there where the owner does a bad thing or just scams the users of that coin it will of course get affected horribly. Without that type of news the news like china bans bitcoin or etf got rejected or similar bad stuff doesn't reflect on the price too much because people are grown into this stuff already and only expect the good news to come to affect the price in a good way.

Mtgox problem led big collapse but now a days we are having alternate choices for every application like web wallet or exchange or debit card provider. Hence, hacking will not make people panic anymore as far as I have observed in recent times.

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Indeed a very interesting day trading strategy and should be easy to achieve. It is not an unrealistic thing to make as far as I am concerned, and I am sure it is a strategy that would always pan out as long as you mentioned about keeping your stop loss active, while still making use of the indicators to make you decisions. It is really a very good tip and a good thing to be sharing experience, so I will say kudos to the OP.

In fact, sitting within btc is really some good call to make. A lot of traders really will not want to do that considering that they also trade the bitcoin fluctuations as well, but at least, setting your priorities right and the priority you have set in remaining in bitcoin is honestly a very solid one and I 100% dig you on that. Also, with your very tight stop loss, it is a very solid way to go about trading bitcoin-altcoin pairs due to their high level of volatility. ADA by the way seems to be a good option to as well.

Even if we get to see some good bullish movement, which does not mean, we should expect the same movement compared to last year. The truth still remains that no one certainly knows how the market would behave in the short and long of it, but whichever way, we are still optimistic for the future. Things are changing fast, development will keep coming, things would get better, and at some point, price will skyrocket, but at this stage, even in as much as a lot of people are expecting a huge bullish run at the moment, I really would prefer to just stick with the trend.

Moreover, I sure expect something to happen before December and for sure we may start beginning to see the move before the end of this month. The bulls have always been around the corner and even as at now, they have been trying hard to hold the market together to some extent.

Nevertheless, either the bulls eventually set in later on, how long we go is still best known with time, which I may not be expecting as much as last year. However, it is, we are still upward and just experiencing a short downward correction.

I totally agree that support is doing well, but nothing is guaranteed even with the support doing good as long as the bears are still doing very well as well. The price movement and the faster red candles sure show that. Also, I do not believe that nothing is unlikely, it is the market, and whatever is bound to happen will happen anyways and all we will just have to do is to accept it when it comes, utilize it as an opportunity and get the best from it in the long run.

No context indeed! Well, I would not blame them; as long as there is no understanding, knowledge and they are not even ready to learn but want to get rich overnight, they will always see a market that is low in value as dead rather than taking the opportunity to buy the dips. Apparently, for someone to be able to take a dip seriously, such a person must have been able to visualize the possibilities that abound in the long term, something an ignorant person will not see.

I believe he is actually realistic with his own, because when we are talking about the 70% of the global population being in crypto, we might as well just assume that everyone will be getting in. We do not need to also remember that just very few percentage of the global population is holding the largest percentage of the global wealth. Just a thought!

I would not say anything is impossible, but all I can say is that whatever it would be in years to come; I believe it is best we just leave it to time to decide. Still, there is absolutely no one who can actually see the future to be able to know what is realistic or not.

Zhao could have thought there is room and Vitalik thinking it is unrealistic to expect anything serious to 1000folds in the future and the days are long gone, but in the real sense, no one knows what the future holds and that is reality. Back in the days, who could have thought bitcoin would even get to this stage. I remembered old threads in which a lot of old member back then though $15 was overpriced. I guess that purely explains itself.

No, it isn't. This is a long time news and apparently what they are talking about is totally a different thing from cryptocurrency at large and what I am sure they must have been wrapping their heads around is to have a global currency in which every nation of the world is using and there is just simply one control as the case may be. It is total B.S to me and it is a good thing satoshi beat them to it. If they are to even create any form of cryptocurrency, it still would not change the monopoly going on currently in the fiat system.

What has the downtrend gotten to do with old news? Apparently, this is something we all know will be hard to see happen in which everyone in the world is using a global currency. In that case, who is in control? Where would the central bank be located, as we all know it could only be in a digital form, but that does not mean it won't be centralized. Phoenix coin or not. At least, one thing I am certain of is that you can force your own citizens to utilize what you are giving, but you cannot force the whole world.

I was too young to be affected directly however my dad got laid off after 2 years in 2010.

He was "retired" by force but we still had insane amount of debt to pay because we were living at a standard he could afford while he was working but when he got laid off we had to cut back on everything and we were in big debts. Thankfully my dad made enough money to buy a house in an island for summers and we sold that and bought a house in the city.

We lived there for a while and than I got married and left, they still were fighting with economical problems because of those days so they sold that house and moved to country and now they are much better however it affected at least 10 years of our lives. Just one bad crisis, 10 years of my dads life was gone.

Any cryptocurrency can only be exchanged for fiat if the fiat based exchange accepts the cryptocurrency you have unless you want to convert it to the one they have from the USDT and go convert to fiat. Sure, there are some exchanges like Kraken, and even bittrex recently allowing direct conversion to USD as the case may be, but for someone that may want to be using other local exchanges, just very few people will give you equivalent of USDT in fiat.

What does bot have to do with selling your USDT to USD for heaven sake? You necessarily do not have to use bot to end up achieving that. Just use an exchange that accepts conversion to fiat and that will only be possible if they have USDT listed; otherwise, you may just have to change to the listed coin first. This is totally different from someone who is trying to trade using a bot as they are certainly not even in the same lane at all.

You are mistaking the technological improvements with the corrupt capitalism.

In today's world the CEO of a big company has to work harder and needs to make even more profit each quarter to keep his seat, otherwise the shareholders and the board of members will fire him and hire someone else. If you are making 10 billion dollars in profit this quarter, you need to make 10 billion plus 1 dollar next quarter.

The companies try to spend less and less every day and need to profit more and more. Which means those CEO's give people less and less money and longer and longer hours and keep getting best tech to find a way to fire as many people as possible to keep their shareholders happy.

Well, that is the original goal, but the question now is how many people are actually making that P2P transaction.
I totally agree that ETF proposals and other bullshits are simple distractions which no one should even really bother about, and what it would bring in apparently, would just be more money, but not from adoption, instead, from the same manipulators who would always want to make things work their own way.

What we need now for mainstream adoption is to see bitcoin properly in use as a currency with no issue of slow transactions, high fees and then we get to have easy payment for services or goods, and let's see if bitcoin will not hit the mainstream level of adoption.