we have already entered the upward movement and a good momentum has already shaped up so any actual "drop" is highly unlikely at this point. all we may see are small corrections after each time we set a new high after the bottom. like the $5500 high which was followed by a correction right away.

with BSV nonsense coming to an end and the token dying for this drop below $6k is also coming to an end and we are going back to the price where bitcoin should have been above a long time ago.

both of these guys are the sides of the same coin!
they make outrageous claims about bitcoin price which has never been true and most of the times their statements look more like an exaggerated guess based on their emotions rather than a logical speculation based on analysis.
i would equally ignore both of them.
luckily for Tom Lee, this year (unlike last) he is at least predicting in the same direction that the market is going while Vays is going against the obvious market trend.

it still surprises me that some people to this day still insist on accepting the lies of CW even though his fraud can not be any clearer than this!

all that aside, the funniest thing about all this is that the drama that CW started is biting him in the ass as BSV is dropping so hard these days and is also being removed from the big altcoin exchanges

that seems correct to me unless you are using different numbers to calculate the percentage.

it is kind of a weird thing to calculate because it doesn't make much sense. you either want to see how much bitcoin has risen from a certain time in which case you just open any chart and see the price at that time like price at the beginning of 2017.
or you are a day trader in which case calculating the "return" is more complicated than that because it requires YOUR orders and their prices.

the days of centralized exchanges are numbered in my opinion and the more they push for more restrictive rules that are bad for the whole community the faster they go in direction of becoming obsolete.
the decentralization of exchanges and most other services (such as market places) have begun.


but "customers" look for security and assurance that they are not going to get hacked or scam them.
regulations and KYC are not guaranteeing that. in fact Bittrex scammed people right after they implemented KYC.

you should never pay "higher" fee, instead you should always pay "high enough" fee. try to learn how fees work and come up with the appropriate amount of fee per byte for your needs. then you will see that you will always pay a lot smaller fees while still getting high priority.

Warren Buffet also says don't invest in things like bitcoin and sticks to physical companies that have some sort of physical product and only invest in those.
not to mention that currently people are in "fearful" stage so if anything now should be a buy time!

i honestly don't see why banks printing money has anything to do with bitcoin rising (maybe he things value of fiat is going to tank hard hence bitcoin against fiat should rise) but $10k by the end of the year is not unlikely. considering how in the past price rises occured the same way, i can see it rising to that level and be stuck at breaking that resistance.

feel free to create your own fork altcoin from the current bitcoin because nobody ever wants a bitcoin that allows others to spend their coins based on arbitrary reasons they think of.

if we start with coins that you claim are Satoshi's then there is no stopping there. next someone else will come and say let's spend Ucy's coins because i don't like the guy's name. and we must follow that fork too if we follow your fork.

*sigh*
4% is the normal fluctuations of the bitcoin market that has been happening for as long as bitcoin existed nearly on a daily basis.
these drops (or rises) are only important if they are much bigger than this (at least 10%) or if they are breaking some sort of line that was important like breaking the support at $5000 or the resistance at $5500

i have only seen one place that used to offer such a service which allowed users to trade stocks with bitcoin but it failed at some point in the past because it didn't gain enough attention. basically people who own bitcoin and have an interest in trading (want to take the risks) will usually trade altcoins since their pump and dumps can help them increase their bitcoin a lot faster than trading stocks.

most people have proven already that they don't want to listen to these things and they prefer following the FUD instead. most of them don't even pay attention to the mistakes they recently made by not buying in $3k range because soem FUD was telling them the price is going lower!!! now they are repeating the same thing.
this is actually one of the reasons why we see so many FOMOs and price spikes each time it breaks a resistance!

it is actually because of volatility of bitcoin more than anything else. for example if you say something is worth 1000 satoshi today, tomorrow it may be worth 800 satoshi and the next day it can be 1200 satoshi. and that is not desirable.
additionally when you say something is worth $1 it is easier to understand how much it is worth but if i say something is worth 1000 satoshi you have to check bitcoin price first then convert that to USD and then understand if 1000 is too much or too little.

the best advice to someone who is starting to buy bitcoin (apart from what was already mentioned) is to not-listen to the nonsense online usually in social media like Twitter or even the big news sites. most of them are spreading misinformation about bitcoin and sometimes even FUD. and a newcomer can easily lose track of reality if they are not careful about what they read and what they trust.

it can not be prevented as long as it is not a problem because miners don't yet see any problem (and they might even be right) so they keep connecting to the same pools they are currently connecting and nothing is wrong with that.
but if there was a problem then the same miners would think about a solution and it is not that  complicated either because we are talking about individual miners who have from 1 ASIC to many (as in farms) and they can easily switch their pool to spread the hashrate among different pools.
but as i said they don't currently see any problems so they stick to the current pools with bigger hashrate.

last time someone created a silly "game" on ethereum platform and because of the whole network went down and exchanges had to close down deposits for over a week.
yeah, dream on...


the only reason was the price spike otherwise all of these things already existed. they can't cause spike for no reason. and mempool wasn't clogged anyways before the price spike.

that was the bots madness (at least the initial big rise). when the resistance was broken, usually there are bots that have open watchers to execute buy orders in case price goes above that level ($4200) and that is exactly what happened. an inflow of lots of automatic buys, then the FOMO begins and the price shoots up to $5000

this is what i think happened:





this is one of the main reasons that i have been and still am expecting F.O.M.O. there are a lot of people who are doing the same. they wait for that drop (down to $1000) which someone on the internet promised them!!! then panic when the price rises up and they realize that promise was an FUD.

technically you are correct. this is a big news, and it has been spread enough time to enough people that could have led to a price rise because of the positivity.
but historically price has always risen the way i mentioned above (hours before the news and then majorly right after it). there has never been a time where some positive news comes out then days later price moved.

so in this case if this news were to cause a spike it would have done it on 29th instead of today (4 days later)

a while ago i started a topic here talking about the FOMO that is going to occur when the price rise begins. here is the topic: https://bitcointalk.org/index.php?topic=5108231.0
although there weren't that many votes but it seems like most people got the right answer (the shoot up to $5k) which was the FOMO that i was talking about there. the initial leg up which shoots price upwards $1000 in a couple of hours.

now another question. what do you think the next leg up is going to be? maybe you think there is no FOMO and only a slow rise this time?
lets see how the results are going to be this time...

considering this news is old and also the post in OP is saying it was from 2 days ago i wouldn't really link this rise with that news. not to mention that we didn't hear about it that much. usually when a rise is linked to a news, the rising actually starts before the news comes out and after it is out the shoot up begins. not 2 days after