You can actually follow what miners do with their coins since everything here is transparent. Aside from some occasional selling on spot exchanges to cover operational costs, miners tend to hold on to their coins fairly long.

Miners will never intentionally sell the market down to such degree because that affects their profitability. Selling the market down like that is similar to shooting yourself in the foot. Even Bitmain isn't that stupid.

What tanked the price seems to be a descending triangle that generally has a bias to break out lower, and that's exactly what happened. BCH vs BSV hashwar might have slightly increased the probability of breaking out lower.

It depends on their mentality too. I'm sure that a lot of churches are so conservative and government supportive, that they might not even want to accept it because it's being created out of thin air and doesn't have a central bank behind it.

I still bump into people from time to time who can't or don't want to understand that the government not backing it doesn't mean Bitcoin is a scam or safe haven currency for criminals.

I see the problem mainly being the transaction fees due small scale donations. If they don't understand how Bitcoin works and send a multi input transaction with a low fee, it may be stuck for days depending on the state of the network.

It's probably an excuse they happily grab so that they can justify poor revenue and profit streams to their shareholders. News outlets like CCN have been very poor performers due to their low quality articles.

The bear market very likely plays a role too, because who aside from the few scam IEOs will buy their ad slots? Maybe a gambling site from time to time, but that's not enough for them to sustain themselves with. Meh.

They could have tried to pay people here to post articles on social media like CoinIdol tends to do in an attempt to generate traffic, but with a big team behind the scenes this probably won't be viable either.

I don't think they've broken traditional mixing yet, but exposed some weak points that will help existing mixers to improve their way of operating in order to reduce the odds of a shutdown similar to the one of BestMixer.

We only know how vulnerable mixers are to governments trying to shut them down when they're actively trying to do so. Result is that we get the more reliable mixers to become even better and outlast the weaker ones.

Overall you do have a point that the more advanced mixing methods logically will also be subjected to their tyranny. They'll keep trying as long as they consider it worthwhile and at this early stage it has been proven to be so in some cases.

I'm not sure if it's actually a good thing when news outlets (crypto related or not crypto related) can influence people's opinion so easily. In this case it might be positive, but when the price goes down it certainly won't be.

News outlets are sentiment surfers--they adjust their articles to whatever it is that the market is indicating. Last year it was Bitcoin will become worthless and this year it's Bitcoin will be adopted by institutions and whatnot.

Honest journalism doesn't seem to exist when it comes to crypto, or I haven't come across a news outlet that is honest. Most news outlets also accept to list paid articles on their site....

Governments don't have to run a system based on a deflationary currency, but they at the same time shouldn't be so trigger happy to print money left and right just because they see it as the easiest way out.

Printing money is an indication of incompetence. If you as government were to be competitive and profitable in functioning, the amount of money printing can be reduced by a lot.

Having a 2% inflation rate, which is somewhat of a standard globally, is still way too high. We also don't know of central banks actually respect that 2% mark because no one will figure out when it's 4% instead of 2%. There is no transparency.

It's not really artificial if there is no viable way to get coins into a firmly regulated market short term wise. Long term wise the premiums will fade organically because the profitability of getting coins into India will stimulate people to go for it.

I have read how so called Bitcoin mules 'smuggle' coins into the Chinese mainland. There is no way to stop someone with a smartphone and a loaded private key from trying to enter China, and that directly also applies to India.

Yes. I'm describing the adoption here, and it's largely focused on altcoins and not on Bitcoin.

It's a shitcoin because it doesn't experience much actual use. People think it's processing a lot of transactions, but most of these are bots sending transactions back and forth.

As for EOSs trading volume being higher than the volume Ethereum is generating, I'm not sure if I have seen EOS top Ethereum in volume on days where EOS isn't being pumped or dumped.

https://messari.io/onchainfx

There you can see that Ethereum has a 24H volume of $262 million, while EOS is just shy of $80 million in 24H volume.

Bitcoin ATMs will always be subject to people gaming their security measures because they're purposely kept low key to not bother people to the degree where they find it too much of a hassle to use them.

Don't forget that these ATMs still charge fees that most people here consider ridiculous. In order to compensate for the fees these ATMs are being set up to provide convenience.

Finding the right balance between security and convenience is what they are after, and this 'testing phase' has unfortunately lead to thieves exploiting the lack of security to double spend or game the verification system.

I have made the same mistake. I thought I would do well selling a portion of my coins at lower than current levels to buy back and end up with more satoshis, but the price kept going up instead.

It made me realize that it's not worth it to sell and try to buy back 10-20% lower. If the price happens to tank in the coming weeks I'll happily buy back my coins and send them directly to my cold wallet. I learned my lesson.

As for the market's buy/sell signals, I don't think it has been much of a useful metric to follow. The market as irrational as it is has ignored technical indicators for quite a while now. Just buy and hodl.

I do agree here. My exchange experience might be completely different from your exchange experience, especially when you dig into low value altcoins that I haven't played with.

Considering that most people purposely look for shitcoins, they are more likely going to face problems because of wallet maintenance and whatnot, and we have seen that withdrawals might not be allowed for weeks straight.

Nowadays we also have exchanges blocking accounts based on your withdrawals and usage activity. I may not run into a problem for years while a close friend of mine might have his account blocked the next day.

That's why their economy is a bad performer. It's hard to think of a country in South America that isn't lead by an imbecile inflicting more harm than good to an already struggling economy.

If you also add that most of these presidents are so corrupt that they mainly enrich themselves and their elite buddies, it isn't even a surprise anymore that their economies continue to go backwards instead of booking progress.

Fair point. The local volumes and the on-exchange volumes have seen a massive boost in the last 12 or so months. It's hard to imagine that the government isn't aware of the growing interest in crypto.

Where people go wrong is that they think billionaires being worth $10-$20 billion have that much in actual cash, which by far isn't true at all. The majority of this wealth consists of stocks, options, etc.

I doubt many of the super billionaire elite have even $1 billion on their bank account. Cash is worth more than their wealth sitting in stocks and whatnot, so they'll think twice before investing it in Bitcoin or any other risky asset.

Can billionaires team up and buy a large chunk of the supply? They surely can, but at one point there will be conflicts of interest driving them apart. Overall, it's a juicy conspiracy theory, but I doubt it's going to happen.

The trend can indeed change quickly and surprise you when you're mainly working with very small time frames. If you however focus on the longer time frames, trends usually take a while to have a confirmed change.

There are people who consider the last few weeks to be very bearish, while if you look at the last 6 months, the trend is still very bullish. As long as the longer term trend is bullish there isn't anything to worry about.

At the end of the day, people who aren't trading regularly shouldn't pay attention to the short term fluctuations. If you're in for the long term and just sit on your coins, then why does it matter what the price today or tomorrow is?

I think that in every country there are certain government officials or politicians who put down a proposal that is extremely harsh and meant to specifically target a certain industry or group of people.

The thing here is that just because it concerns crypto, it's suddenly worldwide news. Crypto has been the hottest topic for years now and what's better to leverage this and spread a bunch of nonsense to generate clicks and views?

This proposal is so ridiculous that even for a country as India (which has been quite negative towards crypto for a long time now), it's likely going to be rejected by a majority vote.

How is that not possible? Bitcoin having a limited supply doesn't mean bankers or any other entities can't use Bitcoin. There is always a seller on the other side of the book when a good enough price is being offered.

What will happen due to the limited supply is that the price will naturally go up further and further due to the increase in demand. I'm sure that most people don't even care about who's buying Bitcoin as long as it keeps going up.

It sucks that governments can just accuse you of something while they know it's not like that in reality. I mean, sure, there are definitely some criminals using these services, but privacy is the biggest demand factor.

Privacy more than ever has become a thing with how exchanges will decide for you what services they don't want you to withdraw coins to. Coinbase has been known to shut down accounts for that specific reason for over a year.

Looks more like they have to work out some technical difficulties they are facing. Most likely not related to governments going after it. Governments go after the big fishes. Ecomix is a waste of time and resources for them.

http://whois.domaintools.com/atomicwallet.io

The domain of this service expires on 2019-11-15 which is quite odd considering that most reputable services always make sure they have multiple years left before their domain expires.

This doesn't mean that the site is untrustworthy by default (it actually looks pretty decent and professional), but given the fact that its fairly new still, it's definitely something to take into consideration.

I can remember that I saw a thread of yours regarding trading on BitMEX. That exchange has some serious killer wicks it throws left and right from time to time. If you don't have a stop, you'll get liquidated in an instant.

Noobs not knowing what happened think their account has been emptied by hackers or in some cases they even accuse BitMEX of having stolen the funds. This just shows how much people are actually gambling.

People think to make a fortune using 10-100x leverage but end up with with empty pockets. I think it's safe to say that leverage trading in general has been glorified too much on social media.

People's ignorance is mostly caused by stupid friends who don't know what Bitcoin is. They paint it off as a scam or fraud because their government said so, but without even knowing how Bitcoin works or what it really is.

That's also the main reason I dislike people posting here that India banned Bitcoin recently, while nothing has been confirmed at all. I even read that the central bank has rejected these claims.

Most average people are sheeps--when one says Bitcoin is banned, the rest follows as if that's their only mission in life. The only thing we can do is educate people where possible so that they at least know the other side of the story.