Agreed. Bitcoin doesn't need any marketing on social media for people know it exists. Altcoins need it because they don't have anything but empty/false promises to attract noobs with.

Most of the crypto related ads I have seen so far are shady investment based ads where they promise you crazy returns, or new derivative platforms that most people haven't heard about. It's one big shit show.

I'm expecting the number of these ads to increase rapidly if the IEO space starts bubbling up for real. People don't seem to take it serious yet, but it's only a matter of time before it exploxes.

It's not about how deep or not deep the correction is, but what support levels we have that might help the price bounce off and go back up. People don't tend to pay attention to technical analysis, but it's extremely helpful.

I remember people saying that altcoins couldn't get cheaper compared to Bitcoin because they were "super low" or "undervalued" already, but we all have seen how altcoins have been butchered even more by Bitcoin's rapid growth.

My first next buy target will be somewhere between $8000-$9000 if we do happen to go there. If we don't then I'll just keep hodling and enjoy whatever it is that the market has to offer.

If Bitcoin reaches back to its current $20k high, the odds of it to go higher favor that outcome. I definitely wouldn't sell anything at $20k unless you badly need the funds. If the latter applies, take out just a fraction.

The moment we break the $20k mark we have no more resistance levels to pay attention to. There is no level (realistically speaking) that can't be reached from there so you definitely want to hodl.

It might help convince even the most traditional investors that were holding off that this is an insanely bullish development. This might be the trigger they needed to finally start taking Bitcoin serious and actually invest in it.

There is indeed a difference in altcoins that perform well and poor, which might be an indication that we're at the very beginning of a new wave of altcoins taking over the previous generation of altcoins.

As far as choosing the right coin goes to tap into its pumpiness, it's still somewhat of a gamble in my opinion. If it was so easy to pick a coin and 10x your money, most people wouldn't be losing money but making it.

In every market the majority is always losing and crypto definitely isn't an exception here. Right now hodling Bitcoin for neutral crypto people is the best option because holding altcoins makes you lose BTC ratio.

I wouldn't pay much attention to so called analysts, mainly because of how unreliable their predictions have been in the past and how they don't seem to understand what this space is about.

One side of these analysts is extremely bullish while the other is extremely bearish. What really annoys me about them is that they link every obvious media event to a price increase (Facebook's Libra is an example of that).

It firstly isn't a crypto currency, but more importantly, it isn't going to launch this year. It's like the mainstream media doesn't think that Bitcoin can increase without an event acting as a trigger. How pathetic.

An example of the ignorance involved is how most non crypto news outlets don't even know that there is a block halving coming up. How uninformed can they be to not know about such an important event?  

It used to be very bad here with how people paid more attention to their smartphones than the work they were doing, but it has decreased to a level where it has become somewhat acceptable.

It's impossible to prevent people completely from browsing through their phones every now and then in a time where pretty much our entire life revolves around the internet.

At the end of the day it comes down to how the employer adapts to the change in how we communicate with each other. Firm rules on smartphone use is necessary, but not to the degree where people feel annoyed.

Whether you're spending too much time on your smartphone or not being able to focus on your job because you don't like the environment there, the outcome is the same, which is less productivity.

I think regulators in general are quite clear with their policies but most of the blame should go towards Bakkt because of all the unnecessary hype. They stated launch dates while they didn't even have an approval to launch.

You can't just say we'll launch at this or that date hoping that the CFTC will approve their plarform before the deadline, especially not because they know how things work. It reeks of an attempt to manipulate the market.

They may have contributed yes. During a bull market bullish news like this helps adding fuel to the fire. I'm not confident about Bakkt personally, but if they manage to launch next month expect more fire.

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CashApp is a US based service and as far as I know that's the only country where they allow people to buy Bitcoin. At the moment their weekly limit for Bitcoin purchases is $10k which at current levels means less than 1BTC.

Not sure if this limit is a regulatory requirement with how CashApp mostly only serves low net worth retailers, but it shouldn't be a problem for people like you and me who only deal with relatively smaller amounts.

I remember having seen Jack Tweet about how he is buying $10k worth of Bitcoin every single week through CashApp. It has to be said that it was at much lower levels so I wonder if he's still going all out on his limit.

It doesn't matter how easy or cheap Bitcoin (or basically any other crypto) is to use. People in this space have a hoard/hodl mentality where they know that spending coins today is likely going to be a mistake tomorrow.

This year functions as perfect example. If you spend your coins at any time up to yesterday, you lost big time. Today alone the price has gone up by 15% which just shows how this can't work as day to day currency at this stage.

Money should be spent without thinking about the value today or tomorrow. Centralized stablecoins seem to have an edge over Bitcoin in that aspect and I don't see this change any time soon.

Fair point, but most of these people will rekt themselves eventually, therefore either learn from their mistake and improve, or they will never come back because the experience was too painful.

In both situations we're better off. The first one because we keep the people who are genuinely interested in Bitcoin, and in case of the second option we get rid of people who shouldn't be here.

I started out as get rich quick noob too. I rekt myself at the very beginning and then managed to stop feeling bad and got interested in the technology behind Bitcoin. I needed that to figure out what this space is about.

More demand for Bitcoin combined with 50% less coin inflation is the perfect type of fuel for a powerful bull run, and the best thing is that we go through block halvings every 4 years with each halving resulting in more spot scarcity.

It feels quite dumb to sell anything right now knowing how far the block halving is away still, but on the other hand it's hard for most people to resist the temptation of cashing out profits with how the price has gone up.

The funny thing is that while Bitcoin was hovering below the $4000 mark, not many paid attention to the block halving, while you could easily look up the charts and get in low and prepare for the run that tends to start around a year prior to the event.

Bitcoin doesn't have a problem with consensus. It have always been scammers like Roger and Bitmain who decided to fork off because they were greedy and found a way to easily make hundreds of millions in profit.

Bitcoin is a powerhouse. You're either part of it or go your scammy own way. All forks we have seen chose the scammy way and paid the price for it. Never did the far majority of this economy doubt about what coin to support.

It depends on whether you use leverage or not and what percentage of your hodl stack you allocated to your speculative stack. Day trading in the current market is a total no-go for me personally.

I tried to do some short term trading a while ago but it didn't work out. If I kept hodling I would have made more than risking my coins just to make a silly 5-10% profit per trade.

Hodling doesn't require much other than dedication and firm believe in Bitcoin, and to some degree patience when we're going through a bear market. In return you get an opportunity to average into the market at lower prices.

People's "trust" comes down to what the price is doing. If it goes up they believe that Bitcoin will change the world, but the moment we go down and that for a week or so, they start worrying about Bitcoin's existence.

Despite all our effort to help people achieve the best, they are the ones who have to pull the trigger, but unfortunately, that's mostly at the wrong time. Risking money you can't afford to lose makes people do stupid things.

You have to look at the situation by putting yourself in their position. If you're good with money and risk management it's easy to say stay calm or shill, but they can't do that, not even when you repeat it over and over.

People need to make a mistake or two to learn. Nothing is a better guide to improvement than losing money.

Don't take this market too serious yet. It looks great right now and people gain back confidence with how we haven't seen a massive correction yet, but this market is still largely speculative.

We will see that massive correction when nobody expects it, just like how we have gone through the current parabolic rise that nobody expected. It will hit this market in a brutal manner, possibly just like how we have gone from $6000 to $3000.

Not respecting important resistance levels on the way up makes me a bit worried about what happens with these levels once we go down. Usually resistance levels turn into support levels, but in this case I'm not sure.

This is quite impressive, that I must admit. I wonder how the guys over at Bakkt feel now they have been outplayed by a much smaller entity, and that with just one attempt if I'm not mistaken.

Bakkt once approved will definitely attract more market share due to their backers and their overall brand awareness, but it will be interacting to see if LedgerX will be able to generate noteworthy volumes.

I don't hear anything about Nasdaq's 2.0 futures anymore, and that while they were quite vocal at the very beginning. I'm not even sure what 2.0 refers to with how little there is known about the actual details.

It's possible, but there is only so much that you can use the limited block space for. I think there is even a shortage of capacity in other decentralized platforms and therefore the most convenient option is a private network.

People praise decentralization as if it will solve every problem, but the person you quoted listed a few industries that don't require decentralization. In fact, an immutable ledger will do more harm than good.

I prefer to see Bitcoin be used solely as a medium of exchange, store of value and potentially a unit of account. These properties attract the most value than offering a decentralized ledger to industries that don't need decentralization

Isn't that why this market is so exciting? I personally don't focus on reaching $100k or other price levels. The only thing I focus on is to accumulate as many satoshis as possible and be a happy hodler at the end of the ride.

The end of the ride being this market to be so mature that it will longer fluctuate as much as it does right now, which stimulates use as currency and LN will have been ready to effortlessly support hundreds of thousands of daily users.

Don't forget that this disruptive revolution is unique and won't be replicated in the coming few hundred years. Bitcoin offeres the average person to become a new wealthy elite, so make the most of it while you still can.

The bull run started the moment we saw that $1000 candle from $4000 to $5000 in April. Nobody at that point knew of Libra, nor did people know that Facebook would announce their coin this or next year.

As technicals improve, algorithms pick up on that and trade the market up. Averages crossing in a bullish manner help them become even more bullish. Based on that I'm saying that it started as a technical rally.

Another thing is that Litecoin has a positive effect on Bitcoin, and with how it has been pumping due to the halving being so close, it takes Bitcoin with it because we're going to see a halving take place as well.

If they don't know what the exploit is that's causing people to lose funds they will disable most features until they figure out what the problem is and fix it. Binance did that too on a smaller scale by disabling deposits and withdrawals.

I do however understand where you come from with how blockchain.com hasn't shown much interest in getting rid of glitches and other bugs, but that's purely because of how they don't see them be a threat to their user's funds.

It's definitely not an excuse, but they wouldn't risk their reputation by not patching bugs that could turn out to be a threat to their user's funds. They are toxic in political sense, but not completely stupid when it comes to running their site.