It's so hard to say beforehand. I personally will front run the all time high by selling some (5% of my stack) around the $17 or $18k mark. Not because I need the funds, but purely because I don't think we'll break it right away.

I can see why the $19.5k mark is something longer term accumulating institutions want to not be broken, so dumps similar to what we had around the $14k mark will be what I prepare for.

At the end of the day, we'll either regret or be happy about the decisions we made. I kinda regret not having paid too much attention to the importance of the $14k level since that was the highest ever monthly close we had.  

As far as I am aware of, it's not possible, and if it is possible anyway, who knows how much help that actually provides. If you're really paranoid the best and easiest way is to generate a seedphrase through a hardware wallet.

That being said, Bitcoin Core doesn't ask you to write a seedphrase. It only shows you the private key when you actually use the 'dumpprivkey' command in combination with an address.

I'm pretty sure that Coinbase wish the con artist had some sense and didn't send the coins over to their platform. This costs them time and money while they are completely innocent in this case.

The thing is that the only way to use Coinbase is to send them your personal information, even when you play around with pocket change--this has been their policy for close to a year now IIRC.

The rookie con at least has been pointed at his mistake in the worst possible way. It will help him to research what Bitcoin really is and what the best course of action is to properly steal coins. Smarter con it will be with time.

Sure, hacking accounts happens sporadically, but it's usually pretty obvious when it happens and action is taken quite quickly to prevent further damage, especially with how alert most people on this forum are.

Scammers can't hack accounts all the time, and the number of higher ranked accounts that are relatively easy to hack into are relatively scarce, while newbie accounts can be created as many times as a scammer wants.

$10k is a psychologically important support level, so it holds a lot of weight in that regard, but to counter that, it will turn into a major resistance level once the sellers have sold through the buy support and bulls just give up.

If we're completely honest and look back at previous bull runs, the price hasn't had much of a brutal crash this year at all. It has been a steady decline we went through so far, so I'm kinda expecting more to come that will shake out weak hands.

The more people have confidence in $10k to be a floor or level bulls are willing to support all the time (similar to $6k last year), the more likely it is that we can expect a move in the opposite direction. Don't get trapped.

We all are inherently selfish. Seeing such a large transaction take place makes people uncomfortable because they think that these coins will be sent over to an exchange to be sold.

With how illiquid this space is, I can understand where people's concerns comes from, but they shouldn't automatically assume that coins are going to be sold on a spot exchange.

There is a lot of nonsense going on with Twitter accounts reporting about large transactions. In the comment section you usually see trolls say that dumps are coming, or that whales will buy XRP, etc.

I think that a lot of the people being afraid of dumps have been reading too many of these troll comments. It's one big circus show where broke ass trolls and XRP bag holders hang out so better not pay attention to them.

If you don't disclose the criteria for your security system to get triggered, more innocent people trying to conduct trades on your platform will be affected than those who are money laundering or other illegal activities.

Just look at how other platforms continuously flag many people for suspicious activity while they haven't done anything wrong, and even after their accounts have been unblocked they still don't know what it was that got their account blocked.

It would be much appreciated to be a little more transparent, because people definitely deserve it, which at the same time means less negative threads on social media with Changelly as headine.

With Coinbase you at least know that they are professional and competent enough to never have been hacked (unless they have actually been hacked but never made it public), while every single other exchange has.

That is probably also the reason people trust it so much. Coinbase just on behalf of its users has around 1 million BTC in cold storage, and then there are the coins they store through their custody service.

If I had to make a rough guess, Coinbase as entity sits on 1.5 to 2 million BTC. That's an astonishing amount, but an aspect that makes me very uncomfortable. They're too dominant and provide governments a lot of attack surface.

His options are running out though. By definition, BNB is a security, which if he wants to offer that one to US residents, he has to knock on the door of the SEC and hope they will approve his proposal.

BNB has taken a 50% dive to where it is right now. Sure, it has gone up a lot too, but people as you know only look at what it is doing right now, and not what it has done in the past.

I'm pretty sure that he was a large seller too. He is very smart and acknowledges the fact that converting BNB to Bitcoin regularly makes him not lose too much, especially if it ends up going back to single digit prices.

Trump badmouthing Bitcoin is actually a good thing as weird as it may sound. Most things he does and say isn't taken serious at all because people just don't like him. It goes the one ear in and the other ear out.

The positive side is that his tweet made Bitcoin gain exposure throughout globe. I don't even think an ETF approval (which is a big deal) would generate Bitcoin that much exposure. It was intense.

As for the little price surge, it was more related to the volatile nature than Trump's tweet, but then again, when a lot of people believe that it was his Tweet and for that reason buy, it can accelerate the upwards movement further.

If you put it like that then it's undervalued for sure, but it's only like that for people who understand what Bitcoin is and how fundamentally important it could be in the future as a digitalized decentralized form of value.

I however do think that we need to find some more stability in order to make people feel comfortable enough to consider it money and a store of value. Currently the volatility is scaring them which is kinda understandable.

Bitcoin's benefit is that there is monetary utility that can be easily utilized, which is an incredible selling feature. If you look at gold, people only talk about it during economic turmoil but largely ignore it when the economies are strong.

It pretty much means that when the fear of a recession dims, gold will be sold to have that capital be utilized in a more efficient way. What else do people need gold for who don't care about its physical properties?

It depends on how you look at things. I can pull out a Bitcoin chart of the same period to show how much it has grown. Bitcoin's growth dwarfed gold's growth by orders of magnitude this year, even after a +30% correction.

I personally don't think there is much correlation because it can't be proven, similarly, it can't be proven entirely with gold, but I have read through various discussions where the point was that Bitcoin is used as a safe haven asset too.

Bitcoin started rallying from $4k to $5k in April, and gold followed not long after in late May/early June. Based on that there is some weight to these discussions. Compare both charts and you'll see striking similarities.

Bitcoin and gold went up today simultaneously after the ECB's announcement to lower interest rates and do QE. Gold however fell back while Bitcoin is still up.

Well, we went up from $3k to $14k without a catalyst, so what we need is improved technicals because that's what actually matters. If we get a catalyst to trigger bull mode, then cool, but we haven't had one in almost two years.

If the block halving happened to be the catalyst for the increase that we have had this year, then we most likely can only expect more sales to happen because we have been generously rewarded already.

Litecoin has had a rough time thus far, and that while people expected the halving to rocket its price to over $200. Its hashrate has dropped significantly too. People haven't seen that coming at all. Curious to see what Bitcoin does.

How did you come up with that number? If the potential would be $12k, that would mean a break of the descending triangle, and the potential based on that event is a retest of the current yearly high of just under $14k.

I strongly believe that there is too much resistance to break up. If we purely follow the technicals, and the similarities of how markets peak out, it makes me quite bearish and expect $8k and potentially lower levels.

The volumes are awful. The demand to buy into something so speculative when it doesn't go up or moves sideways is very low. I expect investors to wait for a break before they come to action.

The moment Binance stops rewarding people for using it, and withdraws its market makers that generate most of the volume, it's pretty much the end for them when it comes to the hype and popularity.

No dex is able to generate decent enough volumes on its own because the demand simply isn't there. I know that it's a wet dream for a lot of people here to see dexes take over, but it's not going to happen any time soon.

It potentially might never happen with how most people don't really have problems with KYC. The amount of effort needed to get dexes off the ground just isn't worth it for anyone, not even for Binance.

The problem is that the 'lesser evil' exchanges either are outright scams, or have KYC as mandatory requirement. In other words, Roger has chosen a great time to launch his exchange without mandatory KYC requirement.

I really hope that people think twice before registering there, but I'm afraid that not many people care much about how toxic Roger is as long as they can get the exchange to work for them.

I personally will not use it. I don't even have to because I'm already KYC verified elsewhere and it works fine. I can always use Binance as European. Too bad people from the US have seen their non KYC options be severely limited.

The only way to be 'tested' as exchange is to have hackers fail to steal coins or information from you. If they manage to steal one of these or both, you obviously failed because your exchange wasn't secure enough.

Some exchanges tend to not publicly share that they have been hacked, but a red flag would be that they don't or barely process withdrawals, which is an indication of insolvency.

Either way, if you want to try out an exchange, try to deposit like a buck worth of Bitcoin or any other coin to see if you can withdraw without problems. If they are a scam, you only lost a buck, which isn't the end of the world.

It's true that local franchises matter, but not that there aren't Burger Kings in other countries using the takeaway site to accept Bitcoin. I looked it up myself just now, and The Netherlands and Belgium both are signed up.

I'm sure that if I check in other countries to see if there are local Burger King franchises signed up to takeaway, I'll be able to find them. It takes some time to search based on postal addresses to find them, but it works.

I find it funny how there are still articles being written about Burger King Germany accepting Bitcoin, and that while Dominos, New York Pizza, etc have all been there for a couple of years now. Just shows how little research news outlets do.

It's not unrealistic if we look back at what happened in the past, but we shouldn't discard the possibility of not getting there. People always assume that there is so much latent demand, but that's only based on the historical trend.

My long term target is $100k for Bitcoin, but I'm perfectly fine conceding a counter argument as to why we won't be getting there. Bitcoin might be small in the grand scheme of things, but that still doesn't mean it has to or will grow further.

I at first was wondering why some Bitcoiners were cashing out around the $20k mark, but that's more than understandable where they come from. You have a $20k price to sell at, so you take it before you never see it again.

I expect more old hands to unload the closer we come the all time high. Realistically speaking, what's there to lose out on? It's not the same as how things were when people were selling around the $100 mark to heavily regret it years later.

It's obvious to people with some understanding of how things work legally, but not to the average person who's believe is that crypto isn't a financial instrument similar to fiat in that regard.

I still get people locally to ask me why this or that is necessary when they sign up to an exchange. People first have to understand what crypto actually is in order to then understand that crypto businesses are in fact financial institutions.

The days where you can use an exchange or an ATM freely without limits are nearly over. The first step is lowering the amounts you can withdraw, where the next step is full KYC verification or nothing.