the funny part of this rise is that many users around here a couple of days ago were so worried about the $10k resistance and thought that there is going to be a sell off there and crash the market. i was expecting some resistance to be honest too, but it seems like the buy support is much stronger than all the sell pressure and is still going upwards.

i am wondering whether we are in for a big FOMO that can shoot up the price to $15k+ not next month but in a day or two!

well don't be like that Gypsy woman and learn how to use "milk" so that you don't lose it that easily by using it the wrong way because you didn't educate yourself before using a new thing.

i think you may be confused about altcoins.
the reason why they have such low prices and have not been able to go up like bitcoin does without crashing hard and never coming back up again, is because people who buy them don't have any faith in their future so they sell them as soon as they reach their profit target.

why don't they have faith in them? because they don't offer anything useful like bitcoin does.
bitcoin's success has nothing to do with it being first. it is about being useful and working as it should.

i honestly don't even understand what all the commotion is all about when it comes to this project by Facebook. people seem to have forgotten some of the ethos that bitcoin introduced to them such as being decentralized and cutting the middle man off! the way they are talking about Libra shows they don't either understand or care about these things.
in other words we shouldn't even discuss this thing in a bitcoin forum if you ask me.

i can't decide which one i want to laugh at the hardest.
John McAfee being the president of United States or be stupid enough to actually become a candidate or the fact that he is starting his nonsense price guesses again with $1 million target while only participating in altcoin pump and dumps himself and getting paid in fiat to advertise ICO tokens!

but will they even own "coins" in a cryptocurrency wallet? or will it be some IOUs on a website account they open up with this company?
as far as i understand it, the design is the later. like a bank account that your money is in full control of the bank or your paypal account with balance.
in which case there will be no effects on anything even for nocoiners! in fact it may even be damaging because it can make them think that is how bitcoin works too and end up using web wallets like coinbase!!!

bitcoin was never meant to be "instant-confirmation" and people have been using it fine so far knowing it is not like that.

although bitcoin fees these days are not a problem as you think but i agree that having such high fees and having them shoot up like what it did over the past 30 minutes is bad for bitcoin adoption as a currency.

as for price, investors have shown that they don't care at all about price and so far they continue buying. in fact these spikes is exactly because they are buying bitcoin! and in the long run bitcoin scalability is improving so you can't really say it won't go up in long term.

i don't think that is really needed because just like any other technology the masses don't need to learn how it works and what education specially in basic form in schools will teach them is how it works. what people need to learn is how to use the technology and just like any other technologies out there they don't really need that much education to learn that since it is pretty easy.

you missed the important part: the innovative idea. the 8000 altcoins are just copying bitcoin and doing what OP is saying. if you look at his post again even his example is a trivial bug introducing change.

stop investing in bitcoin to want to make profit (on your fiat) and instead start using this unique decentralized technology as it was meant to be used, meaning as a currency.

i am noticing it in other places too, for example another forum (unrelated to bitcoin) that i sometimes visit has been having a couple of heated bitcoin topics talking about it.
this is somehow starting to look like 2016 again as we get closer to halving and people come back after the big recovery and the hype builds up.

the unpredictability exists but it is very different in this market.
for example the unpredictability of the altcoin market stems from the fact that they are mostly manipulated and since pump and dumps are artificial market behavior and not natural you can not ever begin to predict them.
but the unpredictability of bitcoin is only in its short term and it is because of its small market that can sometimes be affected by small events. others times and in long term it can easily be predicted.

not really. at least not in bitcoin.
from what i have seen, bad news and good news is always coming out. most of the times at an equal rate. for example if we have 2 good news today, we also have 2 bad ones.
the difference however is that people (and the shitty clickbait news sites) are more interested in publishing articles that are in the same direction as the market. for example now that price is rising they sweep bad news under the rug and magnify the good news! why? because it will get the more traffic and that means more money !

to use bitcoin there needs to be a decent structure in place first before people can adopt it and use it. for starters you need a good internet connection, you also need people to have computers, smartphones ,... to be able to send and receive payments.
in most parts of Africa like many other underdeveloped countries this structure is not in place. so even when those people get into bitcoin they get into it as an investment which is not helping anyone.
not to mention that bitcoin is just a tool it is not meant to fix all the problems of the world

i would start a new cryptocurrency from scratch with a new innovative idea. otherwise changing a "single element" of bitcoin has been done at least 8000 times in the past 10 years that created 8000 altcois (give or take) 6000 of them are already dead.

bitcoin is good the way it is. which means changing one thing in it will make it worse otherwise we would have changed it in bitcoin already.
which brings us to what i said, start from scratch and follow a new idea instead of trying to copy bitcoin

i think you really need to take a look at the bitcoin history!
whenever some news causes some sort of rise it is not 1% rise. it is instead at least 15% rise. in other words if Facebook were actually caused any kind of rise in bitcoin then price should have reached at least $10100 for it to be a thing.
going from around $8900 to $9200 is not a big rise to be from Facebook.

and obviously as others have also said Facebook news has nothing to do with bitcoin. it is a new centralized money they are printing which doesn't even mention bitcoin in its 10 page long paper!

i stopped reading after the first line saying "...global currency..." when they are already banning multiple countries from their platform

i think the main short term effects that this is going to have is every other company out there, whether giant ones or tiny ones, are going to start thinking about creating their own token. basically everyone would be "printing money" now. something that the government was allowed to do before this.
this may end up with a new form of flood of centralized altcoins but this time closed sourced and non-public ledger kind of coins.

but i don't think it has any kind of impact in the long run though.

when smart phones first came out, they didn't reach third word countries first. it too some time to get there. it also took a long time to become a wide spread thing until the day when nearly everyone has one in his pocket. those who adopted smart phones late weren't "late" to anything and you didn't fear for them!

but you fear for people adopting bitcoin late only because you are not looking at bitcoin like a technology such as smart phones or similar things. instead you are looking at it as an investment that people are going to be late to invest in!!!

yeah, people these days are so busy with the small ups and downs and all the FUD that they are feeding them that they have missed the bigger picture that this year, no matter what the price is, they have to accumulate if they don't want to miss out on the big boom that is coming in 2020 due to halving and all the additional stuff that we are having.

one of the reasons why bitcoin was created and is gaining populrity is that it is the only thing that can not be shut down even with bans and stuff like that. no matter how many countries in these crazy imaginary scenarios ban bitcoin, if it can't survive then it means it has already failed.