Exactly. Most people unfortunately do not understand this and continue to see corrections as a negative event. Instead of buying the dips they wait for a massive pump and then buy the top. Makes sense, right? 

I sold a bit too early and would love to be presented an opportunity to buy them back. I'm better off just doing what I'm good at instead of trading, which is being a firm hodler.

All indicators that used to make sense no longer do, which reminds me of the 2017 bull run where people were wrong calling top at every $500-$1000 increase. Hodlers were the real winners while many traders sucked balls.

Firstly, I don't know anyone who's disappointed that the price didn't increase further--people were waiting for a correction to kick in and it did. Since when did the price ever go up in one straight line?

Secondly, coins that are stolen (I'm sure you refer to the Binance back) are never dumped immediately, and especially not on spot exchanges capable of moving the price of Bitcoin.

Stolen coins as result of hacks are more bullish than bearish short term speaking, because whatever the number of stolen coins is, these coins are taken out of direct circulation for who knows how long.

It definitely is. I have started to notice that people actually turn against them, and as always, the harder you push against something that people start to like, the harder it will backfire.

The same pretty much applies to Roger Ver and his anti Bitcoin Tweets. Just read through the replies under his Tweets and you'll notice how he's not doing himself a favor at all, and not even once dares he to reply.

As for Max Keiser, the only thing he's good at is rehash the same anti bank and government bla bla over and over again. Back in the days it was what people wanted to hear, but we're over that now.

It's definitely not what I hoped it would be where we are today. All I hear about nowadays is one shitcoin after the other and how much you can make by trading and investing in them.

Nowadays it's EOS, ADA, TRON, XRP and BNB. I guess people consider themselves to be too late for Bitcoin and Ethereum and hope that one of these coins will follow a similar path and becomes the next big crypto.

I think that we can expect things to turn even more ugly after the next bull run. With each bull run we dig deeper in the various layers of mainstream adoption, and so far 2017/2018 has been the worst adoption layer.

That's just a matter of time. Eventually most of the competent wallet clients will come with LN support by default, but what we can't exercise control over is adoption from social media platforms and other sites.

Twitter CEO Jack Dorsey said that he looks forward to implement LN at some point, but this could still take years from where we are today. LN needs to be mass ready for that to happen, and we're not even remotely close right now.

It depends though. Gold is already at a point it won't likely double in value anymore, where you also need to have economies and fiat currencies perform bad in order to have gold increase.

Based on that I personally consider gold a more risky asset than Bitcoin when it comes to potential returns. With gold you risk a stagnant or even a decreasing price with on top of that loss in purchasing power due to inflation.

If you look back at gold's performance in the 5 years, it booked a 7% gain in terms of its price. In terms of purchasing power you lost ~10% so you haven't done yourself a favor choosing gold over Bitcoin.

Choosing coins very carefully? The sad reality in this market is that the most scammy coins tend to pump harder than the legit ones with a business and a whole team of developers behind it.

Overall, I would say that you shouldn't 'carefully' choose coins, but pick like 5-10 random shitcoins and sit on them. If even one ends up pumping, you'll make all your money back with a thick fat profit on top of it.

As long as you're using money you can afford to lose it might be worth doing so. Best is obviously to stick to Bitcoin or even Ethereum and Litecoin, but people somehow like to invest in garbage, so go ahead.

People interested in running their own node will do it themselves. They do it because they don't want to rely on other nodes. Bitcoin is all about storing your own coins and running your own node to support the network.

The market you're targeting is very small because most people who care enough run their own nodes themselves already. I don't think this is a profitable or useful service at all.

Another thing, how am I supposed to know what proposal you support would there be a new one? Will people have the option to choose to support or ignore proposals or will you make that decision for them?

There is no shortage of con artists being given exposure they don't deserve. I don't get the point of these predictions being brought up again. They have been present for over a year now.

McAfee predicted that the price would hit $78k before the end of 2018. When he was asked about this specific prediction in an interview, he said it wasn't him having made the prediction. What an utter con.

Great find. From hater to wannabe Bitcoin supporter, what a shift.

There are still some bears saying that we need a retest of the $31xx bottom before we can rocket up again, but I'm sure that they only hope that it will happen because they missed the opportunity of buying there while they had the chance.

The interesting part about the current run is that each time the market looks like it's about to crash, it goes back up again. I'm glad that I am currently only hodling because trading this run seems pretty dicey to me.

I did some paper trading to see if my trades would be successful, but nope, turns out it was a great decision to not trade for real. Paper trading is a good way to put your understanding of TA to work. If it's shit it won't cost you penny. 

The price only has to increase by 100% to make up for the cut in the block rewards, else the difficulty will adjust itself to lower levels so that mining can still be profitable with only half the block rewards.

I do however agree that block halvings in general are quite overhyped, but there isn't much that you can do about it. People love to buy coins that go up, and when Bitcoin is going up, they'll jump in further exaggerating the increase.

Litecoin's block halving is about two months away. It went from $20 to now $120 which should have the block halving priced in, but as irrational people are, it's very likely going to pump way beyond $120 in the coming weeks.

It will only eliminate centralized exchanges and services when people run their own LN node, which I can't see happen. If you use a third party node, you're not much better off than using a centralized exchange.

Don't forget that Bitcoin's blockchain is only increasing in size, so the resources needed are getting more expensive and it will also require the private keys to be online all the time, which is something to take into consideration.

It will take years before atomic swaps will become a thing you and I will use on a frequent basis. It's not that I think it won't happen, but I'm just being realistic here. LN has a lot more maturing to do.

Staking adds more problems than it solves. I have never really liked the idea of using coins as voting or power mechanism. We have seen a few exchanges already abuse their role as custodian by staking people's coins.

If you want low fees, use LN. The fees are either 0 or a few satoshis at most depending on the number of hops. The more people signal that they are ready to use LN, the more incentive exchanges have to actually start supporting it.

Instant and near free transactions, who doesn't want that? It will also end the complaining of people to a larger degree.

I think there is a difference between being actually negative or short term bearish on the price. Nothing is wrong with the latter and it can even help you be more rational with your decisions.

People forcing themselves to be positive no matter what end up suffering the most. You're not anti Bitcoin if you sell some after a significant increase because you think the price might go down in the coming days or weeks.

2018 was a year where people who were overly bullish completely disregarded the bear market. It must have been a horrible ride down to $3000 while cashing out profits during the bull run would have prevented that.

Most rational investors and traders outside CME did the same thing. People blamed the CME for dragging the price down but it was just the bubble that popped. It also happened before when there weren't even futures.

The interesting part however is the timing. Bitcoin has always been an extremely poor performer in the first couple of months of each year (look up the charts and you'll see what I mean), so they may have launched intentionally in December of 2017.

If you also add that people bought the rumor and would very likely sell the news, then you know that the odds of a correction to happen were extremely high. Poor people who bought the $20k peak.

People here think the best thing to do is to chase down satoshi and expose him. It's frustrating how ignorant people are. I don't blame satoshi for leaving, because let's be honest, who wants to be in this mess of a community?

Bitcoin's communities are the most toxic of all communities in crypto. You don't find any coin with a community as toxic and hateful. This is doing actual harm to the adoption we all want to see take place sooner than later.

It started as one mission back in 2010 and now we're split up and try to combat each other instead of the government and banks. Governments and banks must be laughing hard at how things go here.

Sellers have taken a large chunk of liquidity out of the market in a matter of a week, which I expected to be topped up again, but it really seems that the market is preparing for lower prices.

The market has deceived people more than once this year, so it might just as easily pump over $8500 again and rush further, but at one point the market will follow the technicals and do what it indicates.

Don't forget that as fast as the price went up in the last couple of months, that fast can it plummet too, or even faster if the panic sellers start triggering each other. Feels good to have some fiat on hand.

I wouldn't say that's a low price, especially after how hard we have pumped in such a short period of time. It's well above the major averages and trend lines so there is much more room to the downside.

Today's "low" price might turn out to be a price you wish you sold at tomorrow. Crypto in general is always either just overvalued, or massively overvalued, and short term speaking I think the latter applies to the market today.

It all depends on what the market will be doing in the coming days or weeks. People consider $6000-$6400 to be a massive support range, but I have my doubts with how the price shot through that range a bit too easy in my opinion.

I think you're the one that needs to do some more reading, and not the user you seem to attack for using the term virtual.

https://en.wikipedia.org/wiki/Virtual_currency

A whole Wikipedia page dedicated to what a virtual currency is, and Bitcoin definitely fits in that category.

Overall, it doesn't even matter what you call it (eg. crypto currency, virtual currency, digital currency, etc) because Bitcoin checks all boxes, and most people seem to agree, while you are one of the few exceptions that don't.

Agreed. There can't ever be enough mainstream exposure for Bitcoin, especially when its market has been an exceptional performer this year.

I think media sourches such as CNBC and Bloomberg have done enough coverage of Bitcoin pumping that people are aware of it by now. One must be living under a rock to not know how much Bitcoin has gone up this year.

It might help if Apple when people install the new update are being notified about there being a Bitcoin sign, but I doubt there will be. If you don't point that out to non crypto minded people, how will they know it's there?