It's true that nobody knows what the price will be in the coming decades, but that's directly what you shouldn't think about. The more you think about getting rich the more likely it is for you to miss out completely.

Most OGs holding Bitcoin have gotten insanely wealthy by believing in its fundamentals without thinking too much about the price. The less you focus on the price the more easy it is to hodl through bull runs like the one in 2017.

Bitcoin OGs are one of a kind, and while I'm not really a fan of some of them, they really stick to their values. People here are too distracted by pumps and bull runs and therefore they ignore the actual reason of why Bitcoin exists.

Yep. Energy consumption is such a non argument that it actually surprises me that people still use it to attack Bitcoin. It's not that what we are going through is new or anything.

It was known from the early days of Bitcoin that mining would become a huge thing the higher the price goes up. If you supported Bitcoin back then but blame it right now for damaging the environment you're just a hypocrite.

As more time goes by, the use of energy per hardware device will go down without losing efficiency. It's called progress. Whatever the environmental impact is of Bitcoin, it won't keep growing but slowly decrease over time.

The last time he used his account was back in February of 2018. I think he's gone.

It can also shoot past $100k within two years. There are various models indicating peaks from $100-$300k but that's all based on the assumption that the next bull market will be as wild as the previous ones.

I'm not necessarily a believer of these models. I rather wait for the price to go past its current $20k high and from there reevaluate the market because there are no certainties here.

People always tend to follow the most bullish outcome without taking a possibly bearish outcome into consideration. If you do that you could very well end up holding the bag just like people did in 2018.

It were the bad technicals that made Bitcoin dive under the $6000 mark. You can draw a perfect descending triangle with so many lower highs and horizontal bottom touches that it broke out in the most bearish way.

The thing with news is that the media tends to grab the most obvious event as the main cause, while the reality is different. At most the hash war and the fear of more gox dumps increased the probability of a downward movement slightly.

The charts make the news, not vice versa.

I'm sure they do understand how powerful Bitcoin is, but specifically for that reason don't want people to adopt it. In most African countries the government is suppressing its citizens by keeping them poor and illiterate.

The less financial means and freedom they have, the easier it is for the government to exersize control over them. It's that simple. If the leaders there ever wanted their citizens to prosper, we would have seen it happen decades ago.

I'm glad to see that Bitcoin is gaining more traction in local markets. It's about time for people there to start taking the needed measures to stop being a slave of their government.

Waiting for governments to change is an utter waste of time.

You went wrong assuming that your extremely low time frame chart would offer you something to hold on to, but it didn't. Large buys are spontaneously causing the price jump up with $100-$200 in a second.

I would recommend you to just stop trying to scalp but focus on a "longer term" buy low sell high tactic. One single buy low sell high trade will make you more profit than most of your scalps combined. Just my opinion.

I must say though, this (buying at $10,754 and selling at $10,800) is the smallest profit scalp I have ever seen.

The main chain fees are definitely not stimulating use in third world countries, but that's what LN is for. Technically speaking you only need to download and install an app and you can instantly receive payments.

It's already possible on a smaller scale right now, but with time it will grow large enough to please the group of people being open to it. I doubt all people will use LN, which just isn't realistic.

Just like there are people who use PayPal, there are people who use other financial institutions that offer a similar service. Competition in the payment industry is extremely tough, and Bitcoin will struggle too.

It's going to be interesting to see how Libra will be adopted when it finally launches. Many people in third world countries do have a Facebook account, so the step to Libra isn't all that hard.

Libra will also enable payments between family members which brokers currently charge 10% of that amount as fee, so we'll see where it goes.

People tend to front run events, especially when they are guaranteed to play out, and the block halving fits in that category. From there it's pretty easy to assume that people are buying up Bitcoin to sell the event.

Selling the event doesn't mean we won't go up after the block halving anymore, which we will, but the price increase in the run-up to the block halving is so extreme that it has the cut in rewards calculated in by ~200% already.

This is obviously leveraging the charts of the past, but it so far has been quite a reliable indicator. Cycles don't exactly repeat, but they tend to rhyme in the crypto world, which is more than enough for me to take it serious.

I don't think anybody stands a chance against a regulated exchange that for whatever reason froze people's accounts or funds. It might even be a breach of their TOS that lead to this.

I know it's difficult to have patience in current market where the price keeps going up, but there literally isn't anything that can be done than to patiently wait for Poloniex to come back to you and hopefully solve the problem.

It was like a year ago where Poloniex has said to significantly increase the capacity of their staff, but it doesn't seem to have helped much at all (if they did it in the first place).

From what I have seen it has proven to be quite an effective measure. It by no means is a solution to the problem they are fighting against, but it makes them more efficient/effective in what they do.

The bad part about these new rules is that we can't do anything but swallow it. Even if you say avoid centralized exchanges, in my case customer data is also included in innocent purchases such as in-game items.

I'm afraid that eventually every financial transaction recorded digitally will contain a package of personal information. We definitely haven't seen the worst of how governments seek more control year after year.

The Winlevoss twins should be taken serious with how they as founders of Gemini know how much money enters their exchange. They can front run pretty much any event well before anybody has a clue of what will happen.

Technically speaking, $15k isn't that big of a target with how there is nothing stopping it from rushing further with how strong the demand is. If we continue this rush, it's only a matter of months before the $20k mark is reached.

Even now with the minor correction I observe strong buying preventing the bears from pushing the price too low with the little ammo they have left. Sellers are losers in current market.

It's difficult to figure out what the context is of this thread, but it doesn't surprise me that these threads pop up after a significant increase in price. Maybe it could be that OP sold his coins too soon and now feels bad about it?

The thing with bubbles is that they aren't necessarily a bad thing. Bitcoin itself definitely isn't a bubble, but its market can form them, and they do pop from time to time. 2017s bubble popped too, and now we're going to form another one.

After the new (potentially current?) bubble pops we yet again will form another one. Boom and bust cycles are quite common, the only difference is that the cycles in the crypto world are extremely brutal.

My thought exactly. It's extremely unlikely to have this ever work out in a 'profitable' manner, but the intent is what matters here, and that's pretty much to commit theft. Not particularly a great entrance for a newbie.

OP is better off trying to find a non illegal way to make money. It could be that OP doesn't consider it to be theft, but come on, how obvious does it need to be that loaded keys belong to people. Bitcoins don't grow on trees....

Or just stop being lazy and put some effort into skill development so he doesn't need to resort to things that are heavily frowned upon. Investing in Bitcoin is even more profitable than mining it and it's noob friendly.

I'm amazed by how the price has broken through so many important levels effortlessly, that I don't think there is anything that can stop it from attempting to reach the $20k all time high.

The funniest thing so far is that Peter Schiff called this a suckers rally. I expected him to at least acknowledge that Bitcoin is here to stay, but no.... It's unbelievable how ignorant gold bugs can really be.

He spent years recommending people to invest in gold for just a few % return. If he spent a tenth of that time researching Bitcoin and buy into it at some point, he would be up over a 1000% by now.

Nothing wrong with securing some profits every now and then, but make sure you never sell all your coins at once. I honestly wouldn't dare to sell all my coins, not even if the price went up to $1 million.

50% of what I hodl won't ever be touched unless the situation is so severe that I can't do anything but to tap into these funds. I will make sure I save enough fiat so I don't have to tap into my Bitcoin holdings would I need money.

The thing with an asset so scarce as Bitcoin is that it should always have a bias to go up with less and less inflation due to block halvings, where eventually there won't be any inflation at all.

Converting to fiat to cash out will only make you lose if you don't directly reinvest in real estate or a business you set up.

This is one of the most common dangers noobs face but totally disregard. I know of someone who managed to profit from extremely risky trades like 3 times in a row and he immediately acted like he could do this for a living.

The luck that helped him make some very significant profits initially worked against him and lost his entire balance. I warned him about it but as a self proclaimed guru he didn't seem to value my advice and paid the price for it.

Good thing is that he learned his lesson and is now solely hodling his coins instead of speculating with them. You can better lose smaller amounts with trading initially and improve than lose so hard initially due to your confidence.

In what fields is the blockchain technology currently being used? I personally haven't seen much of this at all. Most of what you read is either hot air or just a marketing stunt because blockchain has become a buzzword.

Most people don't know what a blockchain actually is, but go with the hype because they expect significant gains, and not so much care about what it does and how 'efficient' it is.

People with understanding of blockchain and no direct bias because of their investment know that it's not better than a database. Brad Garlinghouse even said that it's less efficient than a database, and he knows his shit better than anybody else.

People who were waiting for a correction have been played by the market that has gone up continuously throughout the last weeks. If people are still waiting for a correction they are going to miss out even more.

What you should do is use 25% of your investment capital to buy Bitcoin right now and save the rest for when the price tanks. If you did that weeks ago you would be way better off right now.

If you don't buy you will end up fomo buying somewhere near what might turn out to be a peak. You'll blame yourself for not having bought sooner and are likely going to panic sell at a loss when the correction finally takes place.

People focus on breaking through the all time high without realizing how much more difficult it is without hype, and more importantly, there are currently ~1 million more coins in circulation than when the price reached $20k in 2017.

Something that Tom Lee also doesn't seem to understand is that the crypto market as a whole is extremely irrational. The fundamentals he uses as metric to back his predictions don't apply most of the times.

I wonder if he with his strong believe that Bitcoin will reach whatever high level has a position in it. What's it worth to be an advisor but not actually buy yourself? If you're not buying yourself you're a rubbish advisor.

I watched the whole interview and Brad makes a great point that only the projects with a utility will survive. If you're not solving a problem, which 99% of the coins/tokens don't do, it's utter garbage.

XRP while most people don't like it (me included), has secured a solid partnership with MoneyGram where xRapid will be used, while most institutions only use xCurrent.

As far as him being long on Bitcoin goes, I don't know of anybody who isn't long. Even con artists such as Craig Wright and Roger Ver hold it. If they for a second believed their own coin stood a chance against Bitcoin, they would be all in.