Stability is key, but not necessarily in the current adoption layer. We're still at the point at which people use Bitcoin for speculative purposes rather than currency (money) purposes, and that definitely needs to change.

Stability in current times isn't even needed with how Bitcoin isn't capable of functioning as money for the masses, because it doesn't scale to that degree. We really need lightning network up and running globally for that.

The massive adoption you are referring to will come as we go through more bull runs like what happened last year. Bull runs are adoption boosters because you need something to attract people's attention and interest with.

Do you think you think that the mass will come without bull runs?  

I can definitely understand that way of thinking, but despite the risk Tether exposes people to, it's the most dominant stablecoin by orders of magnitude, and I can't see it change any time soon.

Other stablecoins haven't proven themselves yet, and can be seen as Bitcoin versus PayPal in terms of overall acceptance. If I was a Tether holder I would only hedge 50% just in case. Going full on alternatives is a risk as well.

I am however sure that the drama around Tether and Bitfinex will settle again, just like how it settled the previous times they were dealing with similar problems. Give it a month or two.

How is the blockchain exactly going to counter these illicit activities? There will always be a great deal of demand for banks, and banks will very likely end up using private chains/networks whenever they decided to upgrade.

I often see people talk about Bitcoin or the blockchain in general as if it is a world problem solver, but it really isn't. The only way for regular folks to not financially support banks is to stop using them.

But then again, people are covered in debt and can't make ends meet without it, so they'll keep sticking with that what's bad for them, and that's what makes financial institutions like Visa and MasterCard survive as well.

This is how most people end up getting their ass whooped. The worst thing thus far I have seen on social media, is how certain idiots (that's what they are) were bragging about their gains with location tagged posts.

It's one thing to signal that you are doing well in the crypto world with your face open for the public to see, but it's utterly foolish and retarded to use location tagged posts. It's almost like they are begging for unwanted attention.

It doesn't even matter if their gains are real or fake. Criminals out to rob others don't know if you're talking our of your ass or not, they will try their luck anyway. And if you don't give them what they want, oh boy, brace yourself.

He isn't from Kenniex, he just created a throwaway account that the real Kenniex (if they ever sign up here) won't be able to register anymore. Not cool. The link to bitcoin dot com site isn't cool either.

Overall, it's a foreign (Vietnamese) exchange western users shouldn't deal with. There must be a lot link and ad spamming happening on social media platforms, because how else do people find these exchanges?

I'm not active on social media and never come across any of the vague sites people here open threads for asking if they are legit or not, so whatever entities are responsible for all the spam there, it's working pretty well.

I tried to find the company behind the vending machines accepting Bitcoin as payment option, but couldn't find any. I however found out that there are indeed actual vending machines where you can buy gold without KYC verification.

https://youtube.com/watch?v=RMYy65CO7vk

The only downside of buying smaller fractions of gold through these vending machines is that you pay a massive premium. 1GR bars some times come at a 25-50% premium which is insane in my opinion.

Maybe most of the premium comes down to the nice looking packaging and the polished bar itself? Great to hand over as gift, but a straight loss of value if you buy it for investment purpose.

I'm not sure if you have ever traded on the forex market, but it's definitely not granting you an advantage over crypto just because people have more history and fundamentals to fall back on.

In all markets the far majority of the participants lose, where only a very small percentage (mostly well below 10%) actually manages to make a profit. Forex trades are educated guesses, and that's really it.

Another thing is that most forex traders all use leverage to utilize the smaller movements to the largest possible extent. Depending on the broker, you could lose way more money in a single trade than what you initially put in.

It's a dangerous environment people severely underestimate.

I wouldn't recommend anyone to wait for it, simply because it won't happen. The majority of the people depend on debt, and financial institutions can benefit from blockchain technology just as much as we do.

Another aspect is that you can't offer buyers protection with Bitcoin. It's horrible for sellers (PayPal sellers know how shitty it is as well), but a killer feature for buyers. Who doesn't want that protection when buying stuff?

If you also take into consideration that they can reduce their fees significantly to compete with crypto, and that most people don't care about decentralization, you'll understand that they won't be going anywhere.

People will never learn, especially if you take into consideration that ransomware has been a thing for nearly 2 decades now. You would expect people to learn as years go by, but it's simply not happening.

Also, for every person who learns how to secure his systems, there are a dozen of others still becoming a victim of ransomware. There isn't a way to book any actual progress on that front.

Eventually those behind all these ransomware attacks will find other ways to infect your system, where even simply visiting a site without clicking links or downloading harmful software is enough to lock your systems.

Pretty ironic to see a bank that blamed Bitcoin for being used by money launderers doing exactly that itself. I hope that it will be a wake-up call for people to realize how much of a criminal entities banks really are.

Overall, banks have been caught frequently throughout the last years laundering drug money, laundering money coming from dictators and other questionable entities, and so forth.

It won't ever stop with how profitable it is for banks to involve themselves into shady practices like money laundering. They make far more money than they will ever have to pay in fines when they get caught.

My goal is to counter fiat inflation and have a portion of my wealth outside the banking system. The only thing I can do in that regard is to buy what I can afford by dollar cost averaging, and that will continue as long as Bitcoin exists.

It's basically a never ending goal as long as my main source of income is based on fiat only. Not sure if there ever will be a moment I'm fully on Bitcoin, but I'm definitely open to the idea. Stability however is the main requirement.

I read somewhere that in order to be part of the 1% elite, you only need to own like 0.28BTC. I think that's a pretty easy to accomplish goal for most people in the western world, even if the price revisits its all time high.

That somewhat explains how the price manages to remain this stable. If we also take into consideration that there are multiple dominant exchanges instead of just one like how things were back then, it's more strength for this market.

Yes, the uncertainties and volatility might gain an upper hand again in the future, but we're building a foundation at which we will allow Bitcoin utility as a currency to flourish, and that's what I think is one of the most important aspects.

Bitcoin's utility as store of value is not enough to keep the demand popping. Eventually we'll see Bitcoin deflate again because there isn't always a need for a safe haven asset, while the demand for a currency is always there.

It mostly comes down to how understaffed crypto exchanges are, and how they lack basic principles of how you should respond to your users. I'm sure most of the support staff is hired without any sort of prior training.

And then we have targets in the way that staff should deal with a certain number of tickets within let's say 1 or 2 minutes. It's not much different from how non crypto related businesses work. It's all about efficiency, not quality.

He would continue to be ignored.

That's what I am thinking as well. If you look at how quickly they implemented Bcash, you'll realize how much of an important factor he is when it comes to deciding blockchain.com's economical roadmap.

He said in an interview that he invested in blockchain when they were operating at home, so you can imagine how Roger by far is the largest shareholder. In other words, they definitely won't be rolling out SegWit support.

It's sad though, especially with how they promised to roll out SegWit support this year. It wouldn't surprise me if they skip SegWit entirely. It's Roger pulling the strings not blockchain itself.

It's quite relevant for people who entered last year on the way up. These people are what I consider to be the first layer of mainstream adoption, so they lack the understanding needed to know how markets function.

That Bitcoin keeps going down this year is a shock to them with how they were used to seeing the price go continuously last year. This is their first ever bit of experience with a bear market.

We shouldn't be too hard on these people because most of us started as a noob as noob as well, and even we had some sort of a get rich quick way of thinking back then. Allow them the time they need to understand Bitcoin.

Most people who understand Bitcoin automatically become interested in economics as well.

Most of the long term hodlers have 0% (zero) actual exposure to this market with how they have taken their initial investment and a little more out of Bitcoin already. All they are sitting on right now is 100% profits.

It makes riding out bear markets far easier and way less stressful. I'm at that point as well, and for that reason will not sell even one single satoshi at lower levels. It makes no sense either in my opinion.

The thing is that in case the price does happen to tank significantly, I'll be more interested in buying more coins rather than unloading them. I'm a small fish, imagine how many whales think exactly like that.

How exactly can you obtain the foresight about the price to go higher or lower? Isn't what you refer to simply an educated guess? It definitely looks like it. Even in this case you're either right or wrong. In other words, a 50/50 chance.

It depends on how long you plan to park your funds in Bitcoin. If you go for the long term (at least 2-3 years) it's impossible to lose if you can avoid buying into a bull run like the one we went through last year.

If you're only out to ride the market for a couple of months, there is obviously nothing that will guide you to the profits you hope to book. Most people lose because of how short term minded they are.

People are so obsessed with short term profits that it really works against them. I have never seen people demand quick profits from their stock investments. Maybe a sign that they are wiser than the crypto freaks here? I think so.

That directly reminds me of newbies having used the 100x leverage feature on BitMEX for the first ever time. Some of them call BitMEX a scam because their entire position has been liquidated, which is pathetic.

It only points out how people don't know what they are doing. Anyone with brains never touches 100x leverage unless someone is out for a gamble and accepts the possibility of losing the initial trade value.

In this volatile market 100x leverage literally means that you can be wiped out a second after opening that position. Noobs will only learn to understand how leverage works after losing, and from there possibly never touch it again.

We have had plenty of these increases on the way down this year, and non of them resulted in anything of significance. I thought it would make people realize how useless these increases really are, but nope.

People expect different outcomes time on time again, and that while the market clearly isn't in the mood to show any signs of bullishness. We should be happy that we're still over the $6000 mark.

The market did extremely well respecting its main support level around $5800 which is an achievement on its own, especially during a bear market where the demand has dropped this much. Don't anyone dare to call $6000 low.

It works both ways. People love to see panic buyers fomo in at crazy high price levels, but don't like the same people dumping like there is no tomorrow. It's a market at the end of the day. What goes up hard must come down hard.

People here act like current prices are low, but that's not the case at all. The peak of last year shouldn't be used as a benchmark, but ignored because of how fomo demand only lasts for a couple of months at most.

Nope. Supply and demand doesn't work like that, especially not when it comes to something so speculative as crypto currencies. Liquidity on spot exchanges will likely remain poor for ever if exchanges don't change fundamentally.

Whales after so many years of increasing adoption still can't cash out without tanking the price with 5-10% per dump.