I don't think that he can be categorizes as whales, yes, he offload huge amount of bitcoin, but technically its not his. He is just a trustee. Anyway, I agree that he is one contributing factor to the downfall of the price, but its already late when we really learn what the reason why the price keeps falling after we have rode the bulls last December.

He is just too stupid not to understand the consequences before I personally believed that the is aware of his action. Unfortunately, We all have seen the effects of his action, PANIC.

And now we are into deep waters again, price at $75xx, and who knows what's the current price if he didn't do such stupid acts. We may be still at the 5 digits figures by today and bullish sentiments still remains.

Ok. If you are really telling that truth then I would understand where you are coming from. Its really hard to take a huge loss so everyone is getting out and are happy to escape with some profits.

But almost everyone in here is for the long haul. Yeah, no one can predict the market price, but we know that bitcoin is resilient can bounce back any time, so stay tuned. I suggest you go back when everything is back to normal. But I guess you won't maximize your profits because you decided to quit. Goodluck though.

Really time tough times ahead, weak hands are getting out, while strong hands like what they are seeing. Another perfect time to buy in this dips and accumulate more bitcoin.

Wait, being the pioneer doesn't always equate for a good return. There are other alts that took off specially last year that gives good return, more than bitcoin's astronomical growth.

But if given the chance, I will go for both, as hedge against each other. Although the market is on a bearish trend and continue to bleed, I'm fairly positive that we can see significant increase before the end of the year.

And this is a good time to invest because both market are in red and the prices is very very cheap. So to me, both bitcoin and altcoin are good invested specially for long term.

Yeah, I see that we are going into another 2014 bearish trend at this is already the 3rd of the month and we are not seeing gains but instead a total collapse. But I still have my full trust that we can bounce back from all the negative sentiments in the air.

So far its continue to slides and bitcoin is below $8K and Ethereum slashed more than half from its all-time-high. And then there is the G20 next week that will make or break us.

Its gonna be tough this year with all the regulations, but I'm still confident that at the end of the year, we can reach all-time-highs. Patience, patience, patience is all we need.

It looks like you have 2 sets of question. As far as LN goes, I suggest you read its whitepaper.

https://lightning.network/lightning-network-paper.pdf

As for blockchain, yes its a new technology that has a lot of uses not only bitcoin but other industries as well, specially in the banking industry. Ironic though that banks keeps on attacking bitcoin, but adopting the underlying technology behind it.

Blockchain can record all transactions, and its very difficult to alter the data, unlike data which a database admin can make updates on the records. So that's one big advantage of bitcoin. Another that I'm seeing is that it can really reduced the cost of transaction and data can be used immediately. Imagine a one bank and it needed another information from another branch. And through this technology the one needing the data can get it immediately by just looking at the records in the blockchain.

I don't think that the dip is over, right now bitcoin's price just went below $8K, but immediately regain. But we are not out of the woods. Yes, its gonna be a make or break for us, specially the agreement in G20 this coming Monday. I think this want contributes to the current downtrend.

But I don't know if we are going as low as $3K. The last bottom we got is $58xx-$6K. I think if the G20 doesn't went on our favor, I'm expecting the price go south at around $6K before we can see another bounce because I'm sure that those who have waited to will purchase around that price.

I think it may have contributed to the downfall in the price of bitcoin and then it causes panic making a domino effect. We all know that we are very sensitive to anything negative news or FUD, that's why panic selling follows.

However, this last few days as we found out who doing this dumping, I'm sure that everyone is all aware of his actions. There are even website's that track the movements of the coins.

The trustee has still a lot of bitcoin's left, but I'm sure that he can't just offload it without any court order now. Its impossible to go back to the way things were before it happened, but this is just another bumps and I hope that we can overcome all this challenges and see bitcoin recover again.

You are absolutely wrong in your assumptions here.

First, Philippines is very crypto friendly, they have their local exchanges and they are planning to have more in the future.

Second, what the Senator is calling is just to like what other nation is calling, putting a regulations so that crypto will not be taken advantage of the criminals.

Third, many Flips, works outside of the country, and they are not using crypto as medium for sending remittances to the families back home.

And did you know that the one calling for harsher penalty in crypto because it is taken advantage of the criminals is behind bar? Yes, Senator de Lima, was charge with getting bribe money from drug syndicate? Isn't it ironic?

Because most of them really thinks that bitcoin will continue it meteoric rise but quickly frustrated when it all crushing down on them. I agree that its so frustrating to see the price going below 5 figures, but we need to understand that there are only 2 ways: GO UP and GO DOWN.

And its really up to you, on how to react on those circumstances, if you panic and want to get out because the price is going down so SELL.

But in the likelihood that you want to hold because you know that bitcoin is resilient and will increase specially at the end of the year then HOLD.

There is no secret. And it a matter of choice. Choose what's best for you.

Wow this is a very impressive find you got. I must say that Aida managers are really very strict. I was part of the original bitcoin paying campaigns that's why I know how they ran everything.

Sadly though after the bitcoin signature concluded, I didn't chose to continue into the bounty.

I hope that DT members could tag everyone who cheats in this bounty so that they can't apply to any more campaigns. Good job.

But at least we can breath a sigh of relief because it looks like we are slowly bouncing and recovering from most of the weeks downtrend. Almost all major coins has gains today. So lets take a breather and see how it goes this weekends as usually more dumping happen during that time.

But I have to disagree that we need to pause trading because the market is volatile. On the contrary, this is a good way to make a profit because you can take advantage of it. You can buy them at cheap price and can easy sell it with at least 10-20% margin of profit.

I agree. I really don't like to call them scammers, but criminals. They are really a cancer to the society. They are people who lives to fool and scam others for the sake of their survival. How you gonna call such people? So everyone needs to be cautious here as they criminals are freely roaming looking for the next unsuspecting victims.

They used the talents that God has given them to exploit others. Yeah we should raise awareness and I think its a good moved from the Australian authorities to warn its people because they already embraced bitcoin. Gonna be a cat and mouse game between the police and the criminals. Although it seems that they are always one step ahead, I'm the authorities will catch up with them.

It falls on this 3 categories:

1. More buyers means more demand = the price goes up
2. More sellers, less buyers = the price goes down
3. Less buyers, means less demand = the price goes down


So basically that's how the market works, so its law of supply and demand. Go and look for basic law of economics and try to understand it. I'm in the same boat with you man, I didn't quite understand at the beginning. But through constant reading and going around the forum, I was pointed to the right direction.

Exactly, I don't know what's the big fuss all about? Yes, it might have a small dent on the price, but we all know that its also have short term effect.

I also think that its really a good move on their part. Why? so that those scammers will have one less way to promote their scams on the web.


At least we can see some legitimacy if we can curb those scammers. Its really bring bad name to crypto so we better rid of this scammers so that crypto will get some semblance of trust from investors all over the world.

All we can really do is to HOPE. Its been a bad start for all of us after enjoying all-time-high in December and I'm expecting that by this time, we are at least at the $12K mark. Sadly though, its been really rough and no one can tell for certain when are we going to recover or somewhat stabilizes.

Yes, what we can do is to HODL and just have the patience and wait it out till everything settles down and have a clear picture as what has been happening in the market. We don't need to be emotional, otherwise, we will just think of selling off and move our assets somewhere else. I still have my trust and believe that in the long run, we will make a recovery and bounce back from all the negative things around.

Of course even major price correction is a perfect time to buy. Right now we are sinking and trading at around $8300. But if my memory serves me right, the last dip we see is around $5.5 - $6K, so its possible that we can go as low as $7K but we need to look at how the resistance at $8K will hold.

If it hold then for sure we are not going to as low $7K, so I would advise you to buy at the current price because for me its already cheap. You don't need to wait till the price goes to your expectation, otherwise if it didn't went your way, you already lose your chance to profit at the end.

Well if we are going to based it in the last three years, bitcoin is somewhat dormant in the first quarter of the year and then pick up around June and goes to all-time-highs every month then.

So with that said, Its safe to assume that we can repeat another great performance this year as well. But don't expect that the growth we see last year can be replicated again. The situation has change, there's a lot of regulations going on. But definitely another great year. I'm seeing we can double the last previous high, so maybe around $40K this year.

So far the last floor price we have witnessed in $5K-$6K. And a lot have been saying that we will not go down the deep but bitcoin tested in however it bounce back immediately and we almost went as high as $12K.

So I saying that we can possible hit $4K but the thing is that its a good opportunity to invest bought more bitcoins. So its gonna be just a quick test and then enjoy around good recovery.

But most likely we aren't going on that level. Right now we are green and almost all the top ten altcoin as well. Its just that there are someone dumping bitcoin at this moment (Mt. Gox trustee) causing all this turmoil and putting to much pressure on the price.

But since we are in a speculative market, every publicity (good or bad) really affect how the price move. However, we investors need not panic and do our homework to really understand what's goin on. Specially about the bitcoin supposed hack, which technically its not. And then the Mt. Gox trustee dumping really want cause this market to fall under the $9K price again.

This sudden drops for me looks like a clear panic selling of those who really don't understand and just decided to push the sell button. I'm sure that most of those are newbies, really hard lesson for them to learn. They should have at least hold, anyways, let wait it out and see how the price for this week moves when everything has settled down.

There are a lot of coins that already outperformed bitcoin as far as ROI. But why bitcoin still the dominant coins? Its because it has already gain the full trust of investors.

So I believed that there's no coin that can overtake bitcoin, not Ethereum or Ripple.

But there will be probably another coin in the next 5 -10 years that will come and take the crown, but I don't think that bitcoin will give up the throne. And what do you think the features that will really beat bitcoin in the future though? Care to share your thoughts?