It only means that you don't store all your bitcoin in an exchange because it is not safe. Most traders here will just leave a few bitcoin or altcoin on an exchange for their daily trading needs. And if the coins already grow and just sitting on it, we have a practice to moved that coins and deposit to your personal wallet like Electrum because you have total control of it. When your coins are just sitting in an exchange, there is a likelihood of a hack resulting you losing it. Or if the exchange suddenly close because the authorities says so, like what happened to BTC-e, then its gonna be difficult for you to get it back. So to be safe moved your coins out from an exchange to a wallet that you own.

Its too early to tell if the price will really drop that fast. Although you are correct in your assumptions that altcoin is suffering right now because most traders are going into bitcoin ecosystem to get the new fork currency. If I were you then I would have to wait and see what's gonna happened after the fork. Maybe the price could sustained itself going to $8000 or more. Or better the price could really drop fast to $5500. We can't really say for certain what's going to happened until we cross the bridge. Just observed and make your judgement call after Nov. 16.

I still you spoke too soon because the market has rebounded above $7100. But yes, its just a minor price correction. I though that we will test $6500 again, but investors don't want to and they see a perfect buying opportunity below $7000 that's why the price has already gain a little bit.


Yes, its too early. We need to wait till after the Segwit2x which is still less more than 10 days ago. Maybe some investors really just cashing it out and run with their profits. Nothing special here. Although it may occur again this week when the price hits $7500 in the next 2 days.

I agree with you that there are a lot of superior coins out there. Take for example in terms of its anonymity, Monero is far more superior than bitcoin because we all know that bitcoin is traceable in the blockchain and they can follow you. However, Monero doesn't enjoy the support of community regarding this design. Because bitcoin is the first and the most 'trusted' eventhough its pseudo-anonymous only. And now bitcoin becomes a form of investment and store of wealth. I think being the first has its advantage specially in the crypto market.

There are really a lot of ICO this year. They are like mushrooms popping out like every month. But its really hard to filtered which one is good and which one is not. Maybe the Wolf of Wall Street has a point here because we can't really deny the fact that a lot of them have scammed us. Regulations are coming, even China and South Korea has banned ICO because of the very same reason that some unscrupulous personalities are just having this fund raising to really screw up investors money.

I beg to disagree to you here. I don't think that Vladimir Putin is pro cryptocurrency, he hates bitcoin. The only crypto that is going out on his mouth is Ethereum. But if you are going to see Russia's statement for the last 6 months or so. Its totally contradictory that's why I arrived in the conclusion that they are going hard on crypto specially bitcoin. They already made their own crypto, so I don't think that they will endorse another one unless it is backup by their government. Yes, we already know that crypto really brings more to the economy but I don't think Russia will allow anything that they can't control.

On the contrary, for me its not a gambling. Well if you are a day trading then it could be a case of gambling. However, if you are into bitcoin for the long haul then it could not be gambling but pure investment. Maybe the gambling factor here is the risk but everything involves risk specially investing. Seems that just a few hours ago, specially it when reaches all time high the price moves in a roller coaster, full swings from $7500-$7200 and now back to $7300. But traders seem this as a perfect opportunity to really profit specially if you know what you are doing. So for me bitcoin investment or trading is not a gambling.

A healthy correction is sometimes needed to see another push in the price. Since $7500 has been hit and the next logical step is now $10000. It gonna be another historic one for bitcoin if we are going to hit it. But as of now, the price is back to $7300 after a roller coaster ride of $7500 earlier. But rest assured that we can get to $10000 sooner than we all expected.

I'm not surprised on the price of bitcoin because I know its achievable, what amazes me is how the rate this price is achieved. Its very fast and this pump, I don't know where the money is coming from. That's why is so unbelievable, marketcap is $200B. And at the rate of the increased price, maybe after the segwit2x, a price correction is needed so that we can really see the true value of bitcoin. Now it is really overvalued because of the pump. Let see though how things will go after the fork. If indeed a correction is needed for this rapid price increase.

Here is reasons that I can think of:

[1] Anticipation of Segwit2x in November 16.
[2] CME news
[3] Amazon rumor that they are going to accept bitcoin as mode of payment.

So this fresh of positive news really bring investors to get bitcoin and invest on it because the price can go to the moon later. And the more positive news, the more bitcoin price picks up. But just remember that we can't always go up, sometimes a healthy correction is needed. Just enjoy this massive bull run before it hits the break.

Correct, legit and worth a try is different. I think most of us have been gone claiming faucets before, specially when you are a newbie. But later when we gained experience and found other means to earn bitcoin, we moved out from faucet claiming because its a total waste of our time, and the effort you put just to earn a measly dollar is not worth it. Its not even can pay with your electricity bill getting 3 cents a day. It can gave you a good learning experience at the beginning, then shift to other methods later like signature campaigns and trading.

Go for it, just choose coins like ETH, LTC, XRP and XEM to name a few. Once this bitcoin pump burst traders will go back trading once again in the altcoin section. Its just irresistible not to go to bitcoin now because of the anticipation of Segwit2x. But once is done, those altcoins traders will dump it and go back to altcoin. So better get altcoins today when they are really in dip and this is the perfect opportunity to get them while they are very cheap and at a discount price. I already made my moved a few days ago and continue to buy in dips.

I totally agree with him that bitcoin today is for making money and its really based on purely speculation. But I don't think that its a bubble, and let say his argument is true, when it burst I think people will still buy bitcoin as used it as we may see it. So there is nothing to be afraid of. People has been pouring cash on the market to earn money. And its also a good investment of most of us. And as much as they call it a bubble that is waiting to be burst, people will still buy because FOMO is real and that bitcoin will hear to stay, bubble or not.

No really don't know. But if the rate of increase price continues then we may hit it. However, we don't run on a parabolic line, somewhere we may see a price correction that will pull the price down. We all love to see bitcoin touch $10000, but personally its not gonna be hit this year. Chances are in the early months of 2018, maybe you can touch it.


I have the same though. We are probably around $8000-$9000 at the end of the year. It will take a lot of money from new investors to really push $10000 this year. But whatever the price at the end of the year its gonna be huge and we should all celebrate New Year with a bang, thanks to bitcoin.

I don't know if SEC will approved bitcoin, they have already denied its petition, although they allow another review but I haven't seen any results yet.

I think no one can really dismissed what bitcoin has accomplished already. Its not turning heads and I'm sure that Wall Street personalities are secretly investing on it. Governments around the world is trying to ban it, but with no success. In matter of years bitcoin will leapfrog and no one can really doubt it, not even bankers or Wall Streets.

Its not comparable to 2013 in my opinion. This year alone bitcoin has risen to 700% alone, because of several factors, and one of it was Japan, in 2013 we don't have a full backing of a country, but today is kinda different. Maybe what we are seeing will somewhat put to a halt later, but with a nation backing it up, it will not crash as supposed to 2013. Its normal to see some minor corrections, but I don't see it crashing similar to 2013. And as long as investors has faith and trust in the ecosystem, it will continue to exist and grow despite experiencing price correction along the way.

1. Bitcoin
2. ETH
3. Monero

Obviously bitcoin is the best choice because the price is really taking up today. ETH because its of of the many stable altcoins, it may experience dumps along the way, but I believed that it will remain as the #1 altcoins for now. Monero, because people are finding it a good investment and this coins are very good specially if you really wants anonymity. Another coin in my radar is ETC, I think it will be pump before the end of the year.

My thoughts is that the rising price is due to Segwit2x. But after it, we may see the price going down again. But I do believed that maybe a stable price of $6500 can be seen after the dust have been settled. And then the price can pick up once more heading to $10000 at the end of the year. And as long as there are no news that will hugely impacted the price in the next months of so, I think the target price can be achieved. We all just wished that new bumps will occur so that we can see a bull run coming Christmas season.

And we don't want our money based on chances here. At least with trading, you have a high chance because you only put your money that you think you will give you a good yields. While in gambling, eventhough you think you are winning already, a sudden change of luck with their the tide against you. Plus as you gained experience in trading, the more chances that you are going to get a least a profit for your every investments.

Yes 2017 is the year when bitcoin gain popularity and the emerging millennials and previous generations has found bitcoin to be good for investments. Although there are problems that we have faced, bitcoin still rises. And its like watching a soap opera, lots of drama in the beginning, specially the debate on the scalability early this year, but its all part of our past now. Now the future looks bright heading for 2018. But we won't forgot how bitcoin manages and emerges in 2017.