Why are you so sure that price of crypto will grow in the future? I believe that it could go both ways.
There are cases when holding is wrong way to go, in situations like that bailing out is smart thing to do, but everything depends on the situation. It is hard to distinguish when its time for bailing and when its time for holding. But you are right, most people act based on their emotions and sell when its time for holding and other way around. Things are not just black and white, there are gray areas also. 

It would be nice to see bitcoin's price keep on rising like its presented on your log graph, but with things going on its impossible... probably.
Price will continue on falling, to which point... who can tell for sure. Predicting future of Bitcoin is impossible job, but we can speculate right.
I believe that price of Bitcoin will not pass $25k , even if people starts using bitcoin as an currency and not as an asset.
This could be good time for buying, but your approach is better. Waiting and watching, I like that approach. 

To be honest this is first time that I heard someone speaking that the price of Bitcoin will fall down at the end of this year. There are a lot of predictions that says that Bitcoins's price will rise at the end of this year not fall, and that it could even go above $17,000. I know that large number of people around here are optimistic when it comes to price prediction. But with news like this, people like me will not know what to think. With so much FUD's around and fake news, its hard to predict future even slightly.

Most of those who bought arround price of $20,000 have already sold their coins. Probably they sold their coins with small loss, and are now back in the game looking to restore money they lost. You are totally right about what you said, and yes there are those who kept holding even after huge price drop. What you said is maybe best approach that those people could take. Selling now would be insane for them, but I have not made decision to invest huge money like them so its only my opinion.
Its good that people have not lost their faith in crypto, because it would be sad to see everything go away.

This is interesting, every day I see more and more topics about grand conspiracy involving cryptocurrencies. Its like people only now understood that big whales (or cartel, call them any name you want) can manipulate price of crypto, to some extent that is. That is nothing new in world of trading, so why do people care so much. People who have more money than the rest of us will always be part of market, they will always try to take advantage because of their investment fond. So get used to it, and make your decisions according to it.

There is one big problem in what you propose. What about those members that came in search for answer for a problem they have? There are those who joins this forum only to seek help in specific sections, like Mining or Bitcoin Technical Support thread. With what you proposed, they would not be able to get answers they seek, and that would be bad.

Also there are fine guides for newbies in the beginning of each section. If they dedicate only small portion of their time on reading them and not making posts immediately, they would know what to do and how to do it.
Not to mention that there are already topics which helps people improve their post quality.

New members need to read and think more before write something. That would improve everything around here.

EDIT: For those who seek to learn rules of this forum go read this: https://bitcointalk.org/index.php?topic=703657.0

I suppose that large number of investors (mostly newbies) lost their faith in Bitcoin or crypto in general. With dip this big a lot of them lost their money and a lot of them are panic selling. I agree that big whales see this as an opportunity for earning more money, and that is what they are doing. Because all of this price of bitcoin is fluctuating a lot, and it does seams in some way that everything is just going in circle. If things continue like this, there will be less and less new people joining crypto market. There could be some grander scheme, but there is no way for us knowing what it is.

This is not good opportunity for what you said. Actually it is bad, because no one can predict what is going to happen next, at least not with good amount of certainty. Price could continue to go down, also it could drop even below $6000. You optimistic view is admirable, but we all know that optimistic views can't be take in account when we discus things about crypto market.  Or maybe you know something we don't? Do you have some evidence for what your claiming?

Of course there is chance that you are correct, but with everything that is going on and this downfall in price I can't see things the way you see them. I think that price could go down even more, and that it could go even below $6000.
The way I see it, problem which we have now is because too many people are just holding their coins, and are not using them the way they are suppose to. Bitcoin was not meant to be asset, it was made to be a currency, and that means people needs to use it and spend it daily. If we all just hold our coins price will continue to go down.

At the moment price is going down, and how things looks to me it will continue to go down some more. So if my view of things is correct, your decision would be wrong. But if you really want to gamble that much, and put your house and car on stake, you should wait a bit more before doing that. With greater risk comes greater gain, right

There is no news on their twitter, so I guess this option is possible, but there could be other reasons why they are late with payments. I truly hope that its some kind of maintenance or some technical issue, because it would be bad if we were left without our earnings. But it would not be the first time that someone run with other people coins...

More and more I come across people that connect GPU mining only to ETH, why is that? Do you people think that with GPU you can mine only ETH? I know that ETH is one of strongest crypto on the market, but there are other coins and other ways that people could use to make profit from GPU mining. There is large number of altcoins out there which could be miner with GPU, so stop saying it like GPU mining is for ETH only.

Blockchain was made to be decentralized and to belong to all its users, which mean it was made to fight against control and centralized things. So in which way leading people could use blockchain for world domination?
Also I must admit that humans would not be humans if they wouldn't try to control everything, including blockchain and with it crypto itself. But I do not think that world domination could be achieved through crypto and blockchain. Its simple as that.

Publicly Bitmain's ETH ASIC miners are still in development phase, but I guess that some people are not believing that, at least not in that context. Some believe that Bitmain has already made ETH ASIC miers, and that they has been mining ETH with their ASIC miners secretly. If you want to read more about this, go check this discussion https://bitcointalk.org/index.php?topic=3162392.msg32929859#msg32929859

But no matter what is true, its just a matter of time before we would be able to buy ASIC miners for ETH or maybe some other crypto as well. When those miners come out, I guess GPU mining for that coin will die.

You prediction is wrong. Have only one thing in mind... know that nothing from past years could happen ever again, simply because markets are not in same condition. So that is why market can't be the same like it was in 2012, 2013 or any other year. Market is constantly changing, prediction what is going to happen next is like predicting on which side a coin will land after tossing. There is chance for either way, but its unpredictable.

Your statement doesn't prove anything. Facebook have large user base, but its not only place where crypto could be advertised. There are other social networks that are almost as strong as Facebook. But even if all social networks ban crypto ads, do you really think people will stop buying them? People always find a way to reach other people, why should it be any different with crypto. Also I believe that this ban is not permanent.

Personally I don't have great knowledge on durability of ASIC miners. I know there is warranty for a few months. But depending on condition they are in, I guess few months could be more than enough. Also, I have heard some bad news here and there, but I guess that if ASIC miners were bad, no one would have bought them.


There are no expenses for maintenance, you can do it your self without paying someone. Also if you keep them in good condition, those GPUs should live long enough. Also there is warranty for them on 2-3 years, which is more than enough. If some GPU dies (not by your fault), you can exchange it for new one because of warranty.

Your predictions are not realistic at all, they are only your opinion (speculation) on what could happen with no prof at all. And also I think that no one can predict what is going to happen tomorrow, yet along for 1 year or so. This is like tossing a coin, there are only two options. Chance for crypto dying are there, but I agree that they are really low. Leading countries are look for solution on how to benefit from crypto.
But don't be fooled, crypto can be banned. And all it takes for that to happen, is that leading countries ban it and the rest of the world will probably follow.

Nothing is certain, there are only speculations.

Hard times are upon us, but that doesn't mean GPU mining is dying. Because of difficult rising and prices of new GPUs, return of invested money is long process.
With prices of crypto drop, things have become even worst. I guess because of the situation we are in, some people are looking for way out, and that could be the reason why prices for those GPUs are so low (of course there could be other reasons). Also don't forget that Nvidia has announced new series of GPUs, so I guess that some people will go for those.
Mining with GPU is slow process, and most of people don't like that. Plus there are those new ASIC miners. They change the game a bit too.

Know that mining demands constant investing, because of difficult rising.
No one can tell you for certain how long it would take before you break even. If prices are rising, that is good for you, but they could go opposite way too. Also it depends on which GPU you would like to buy. I know that GTX 1070 is around 600 euros, and with it you will be able to mine around 1$ per day (at the moment). So you can do calculation and see how long it would take for you to get your investment back.
Mining is a risky business, but know that with GPU you can easily return some of your investment back by selling it.

EDIT: Know that you could transfer coins your mining into some more stable coin like BTC or ETH, and hold them instead of some low price altcoin. That way coins your holding would have better chances for bringing you profit on long terms.