Binance will not become the most recognized leader in the cryptocurrency exchange business if the people behind don't have that intuitive acumen that can easily read trends and get there before of the competitors would be aware. Such is the superb ability of CZ that I am sure years from now, he will single-handedly dominate this industry and be the man recognized by China helping it in its own ambitious cryptocurrency project. For sure, this is all about business and there is nothing so noble about Binance's push in China but there is nothing wrong with working for profit, is there?

Mark Zuckerberg is to social media what Changpeng Zhao to cryptocurrency exchange. And by the time that CZ can successfully help in prodding China to open up its market to Bitcoin officially, I am sure his name and legacy can forever be etched in this industry. Soon, we will wake up and then we realized that the cryptocurrency currency is already painted and covered by the colors of the flag of China. Who knows, Satoshi Nakamoto will even turn out to be a Chinese by decent...hmmm. Welcome to China, welcome to Binance.

Comparing Bitcoin to Facebook is really not logical. Anybody can just open a Facebook account because it is free and Facebook is an advertising machine that is where revenues are coming from and the same thing can't be said about Bitcoin. These days, to get hold of a fraction of Bitcoin most likely you need to buy them not unless your boyfriend would be kind enough to give you some on your first anniversary.

Bitcoin is a big paradigm shift affecting traditional financial and monetary platforms and that is why there will be people (many of them can be so powerful) who are not in favor of it gaining the upper hand. In other words, Bitcoin is seen by many of those in power to be a big threat that is why either they regulated the many activities related to Bitcoin or if they don't like the heat they just ban its use and trade.

I know that there are those who can be feeling like disappointed that things are not happening fast with Bitcoin but this should have been expected right from the very start. Change will never happen overnight and we must be prepared to continue helping the fight by not giving up ourselves.

Happy 11th Bitcoin birth anniversary to us all!

That can be big positive news to all of us here in the world of Bitcoin and cryptocurrency. Bitcoin is the leader of the pack and so alts tend to be following the cue of Bitcoin most of the time. Will this mean that Bitcoin is in the best position to make  a good jump especially in December? That can be a big possibility though nobody can totally take away that risks of it getting back to the $8000 zone. Anything is possible from here on and all we can do is just wait and share the positive aura to the whole market.



Maybe the bear is finally pushed back to the woods and he can finally have the best time enjoying his vacation there. We are definitely in a bullish period of Bitcoin and hopefully this bullish energy can be leading us to the BULL RUN time which I am predicting can happen within the months of 2020. There is now a very visible growing interest with Bitcoin as institutional money is now starting to take a good notice. We are just waiting for an avalanche and the dam will soon be bursting, figuratively speaking.

Manipulations are happening all the time and some can be a big success while others are just like a firecracker that failed to show its prowess. Anybody who has the influence and power to manipulate can always do it anytime. Right now as I am making this post, Bitcoin stands at $9,436.75 USD with market cap of $170,143,249,121 and $27,108,283,429 volume for the past 24 hours, at 67.3% market dominance. This is quite a good improvement from the $9100+ I saw yesterday which I assumed might have been headed to the $8000 region but thanks to the heavens that I am very wrong.

Now, can there be another dump before we can expect for that dreamed BULL RUN? Frankly speaking, anything is quite possible here. I just viewed a YouTube video from a self-proclaimed expert of the possibility that BTC can fall hard into 50% less of its current price. Of course, I don't believe him because I prefer to maintain my positive outlook for Bitcoin no matter what. The thing is that while we are hoping for the best, we can't ignore the worst.

 

 

As of now, we should not be boasting the ROI of Bitcoin like that. In terms of assets and liquidity as well as the prospect of the future, both oil and Bitcoin are two different things. Comparing the two may not be making sense at all. In fact, mentioning the IPO of Saudi Aramco vis-a-vis that of Bitcoin is beyond my logic to think of. Anyway, I am sure I get what you are referring to which is the rate of ROI but then even if one has the highest ROI but the risks can also be too high then it all balances things out. We should not adopt that kind of boasting attitude as if BTC is the only kind of investment that is really working. Investors have a lot of choices and options and many of them are still have to consider Bitcoin for many factors that they deem to be not attractive, at least for now.

The introduction of DCEP by China can mark a new timeline in the history of cryptocurrency though many will surely question this latest addition to the roster because definitely this is a state-sponsored and controlled digital currency. This is not actually the first as we already have the Petro by the government of Venezuela which failed to make a big fire and a noticeable splash in the global market. I am sure that before coming to this launch, China bureaucrats planned well for the success of this digital asset and they can easily command all the resources available on their hands to make sure that the whole world notices.

So how will this directly and indirectly affect Bitcoin? I am sure we are already speculating whether DCEP can be positive or negative to Bitcoin. In case, this digital currency can also be available in the normal cryptocurrency exchanges, this there is a possibility that this will in fact be helping Bitcoin and vice versa. There is really a huge market all waiting to tap in the whole of China (as well as millions of Chinese overseas) for cryptocurrency but its development is very hampered with the decision of the government in 2017. Now, am hoping that the China government will be using this platform as a pretext to open up the country for Bitcoin.

The President of China Mr. Xi Jinping exhorted China to be on the forefront in exploiting the potential and possibilities that the blockchain technology is bringing to the country, actually he was not mentioning Bitcoin or cryptocurrency for that matter. However, there are those who are seeing the silver lining in his statement, that possibility that the easing and appreciation of the blockchain technology will one day soften the stand of the government against Bitcoin. In case, one day China for whatever reason will officially make the China open for Bitcoin this can make the coin explode in value as this has been what many are craving for. As to the question of influence, that is unavoidable but I think the market is very much ready to embrace that possibility in return for massive adoption in that country which counts more than a billion people on its civil registry.

Your post made me laugh not because those corporate scumbags are not writhing in pain but because I am sure you are a corporate reject and because of that you are deriving pleasure from seeing others in pain. Now, even if you located in China, you could not expect the owner of a certain company will easily pass the baton of control and leadership to people they don't know, qualified people who are their bloodline will be given preference, of course. Will you not do the same thing? You mean to say that a father will not consider his son for the same position he is about to relinquish? Now, even if many are saying so many negative things on capitalism, the point is that we are all in the liberty to be an entrepreneur anytime, anywhere. I remember so many success stories of people who almost started with nothing and then end up with an empire. It's easy to feel jealous or envious of what they accomplished but what we do not know is the hard work and the sacrifices these people made to arrive at where they are now. Big corporations each have their own culture and we have to respect that. Corporations who are not working well and just basing everything on greed will eventually fall and be dead, that is just a natural course.

Bitcoin mining uses a lot of power and the best way to locate your mining venture is to have it on China because there are areas where  electricity rates are lower compared to the Asian average and its availability has never been a problem. In other countries, Bitcoin mining is not anymore feasible because of the rising cost and concerns that Bitcoin is taking away the top resource that economic activities depend on. Of course, not to mention that many Chinese have this insatiable appetite for making money and doing a good business, or just simply very entrepreneurial. We should not wonder why China is dominating so many industries today and into the future, we are in fact the China century.

The fact that there has been no massive dump following last weekend’s impressive rally is bullish. Further gains could be on the cards in the short term. In the longer term, they are virtually guaranteed as a number of positive factors are coming into play.

This is the most important to me. While Bitcoin has not decided yet whether to go up and break the $10K zone, it is holding on the $9,000+ position and have not once tried to venture into the $8000 level. I am hoping that the accumulating strength of Bitcoin can be utilized for some little push above the $10K ladder especially in December of this year. Well, we could only speculate but for as long as the basic fundamentals are in the pink of health, we can be sure of its staying power and even more.

I used to trade some tokens I got from bounties in iDEX and the experience was just fine no hassle at all. All I did was convert my tokens into Bitcoin and withdraw my Bitcoin to my wallet provider here locally. I heard many good things about DEXEX but at the same time since this kind of platform has not been fully developed and grown yet there are limitations especially on liquidity that we have to understand. Forkdelta is definitely one with a good amount of learning curve for me, something which pushes me away from that exchange platform. The emergence of the Binance DEX into the scene is hoped to change the dynamics of this market for good. I still have to experience this decentralized exchange though I already have an account in ready for the time when I feel there is a need to use it.

Bitcoin has never been designed to be the end-all and be-all solution to the ill-effects of the many bad decisions that people and the government got into. Chinese should go back to their old culture where saving money for whatever reason is quite popularly practiced. I am sure that it is the blatant Western consumerism that is now engulfing and creeping into China especially in the face of their newfound wealth and influence. I even heard that the big American membership club Costco opened in China with a lot of fanfare and good reception from the Chinese. They prefer to splurge rather than save their money somewhere or in the banks. China can be following some big mistakes that other big economies made in the past decades. Let's hope they can reverse this trend as it would be disheartening to see millions of Chinese getting afflicted with this economic malady.

I still have to hear an economy that is bailed out by Bitcoin. Certainly, during economic hardships and difficulties Bitcoin can be an instrument that can somehow lessen the pain in the ass, as what we witnessed in Venezuela, Zimbabwe and Argentina. Many Chinese know how to protect their wealth and money so maybe in case there will be a crisis, more will be opting to put their resources in Bitcoin to tie them over for the mean time when the waves are raging like hell. However, I don't see a scenario like this coming to the resilient and proud China. The country has all the money reserved just in case they might need them for some programs to help their economy get stimulated and saved. On the other hand, it might even be Bitcoin that needs some "bail out" from China. And just opening its door officially for Bitcoin can be enough.

Jorg Molt must be smiling right now that we finally got him and his claim to be the co-founder of Bitcoin. He must be another man seeking the attention that he is craving for. Okay, it seems to me that just like the decentralized nature of Bitcoin, people are also feeling like free to claim to be connected with Bitcoin in whatever capacity. I still have to hear Mr. Jorg claimed in video that he is the real Satoshi Nakamoto but claiming to be a co-founder can mean that he is at the very least a peer of the man and must have worked with him in the past. Maybe we should talk to Jorg and have this thing clarified, either this is just a small mistake or maybe he can explain more on his Bitcoin involvement.

Personally, I am agreeing with Tom Lee on the point that people seem to be exaggerating on speculations holders and investors are heaping on Bitcoin. Speculation is itself is not bad at all. This has become a force of pushing an asset like Bitcoin into the consciousness of the people, much like launching a big star in the world of entertainment. We all need that kind of inertia that can propelled a rocket into the outer space, much like what speculations had dome to Bitcoin in the past. People speculate because they are seeing that there is big chance for Bitcoin to rise (or short when they think it can fall in grace).

Now, if we are targeting speculations in itself then all assets must be subjected to the same treatment as there is nothing that is free from speculations. However, the thing is that in Bitcoin the degree of speculations can be higher compared to other assets, that is something we have to face as fact. So is there anything we can do to lessen speculations on Bitcoin? Should we then limit people's participation on it? Can we say then that an asset where only one or two people are speculating on can be better than Bitcoin?

From the viewpoint of an asset investor who has no emotional or intellectual attachment into it, this is really the top performing investment vehicle anyone can take a ride. Starting some years ago, Bitcoin has had been performing so well in comparison to stocks, gold, commodities and maybe even forex. Of course, there is that volatility one has to contend with but overall Bitcoin is by far the best in 2019 and maybe even in 2020 because of the coming halving. This is the reason why many fund managers are now including Bitcoin to their respective portfolio of the possible gains.

With that price that you are offering the site for sale, you are actually planting a lot of seeds of doubt into the readers of this post. There must be many things wrong for a site much more a cryptocurrency exchange in nature to be offered as low as $75. Maybe you can also tell that this is still a work in progress and other details that can help make your offer more attractive and more pleasing to swallow. Please forgive me for this kind of statement but if you are listening to the many comments here I think you can learn a thing or two.




With the $75 tag price, going into that route can be a big hassle and can even cost more than what the owner can be getting from the sale. I think if anyone is willing to buy then at total transfer of control can be done without necessarily using a lawyer. Do you think a smart contract can help in this case?



You just made me laugh but I think there is some truth to what you said. Why would it take them months and years to come up with an exchange that is working nice and using a lot of funds at that is something that can really boggles the mind! Maybe they should be hiring OP then to produce the platform they promised to their "investors" and supporters.

There is no point in denying the existence of manipulations in the cryptocurrency industry and I think in almost all industries and even in highly regulated environment, there will always be that thing. The main difference is that here in cryptocurrency, these can easily be known and traced.

Now, as a simple guy with only a little Bitcoin under my semi-control, there is nothing I can do to help this problem. And in fact, because I can also benefit a lot of there will be the same manipulation that can result into another rise of Bitcoin, I would not be making any complaint. Let those who are planning to manipulate the market do whatever they wanted to do using their power and influence. In other words, I do not care at all.

The Lightning Network is a "Layer 2" payment protocol that operates on top of a blockchain-based cryptocurrency (like Bitcoin). It enables fast transactions between participating nodes and has been touted as a solution to the Bitcoin scalability problem. I do not know what is happening but there seems to be many problems associated with LN though many are still looking at this infrastructure as a way to help Bitcoin's scalability problem.

BSV is Bitcoin Satoshi Vision which is now very much associated with Craig S. Wright the man considered to be a top personality that the Bitcoin community really disliked. Bitcoin SV (Satoshi Vision) is the original Bitcoin. It restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale. Bitcoin SV will maintain the vision set out by Satoshi Nakamoto's white paper in 2008. As claimed by people who are promoting BSV, this is the real deal and the Bitcoin that we know is now worthless.



There is a big chance that both networks and platforms will survive as the cryptocurrency industry can still accommodate more players. Both the real BTC and BSC have their own set of loyal users and fans. And yes, admittedly, many of those holding BTC are also into BSV, this is all a matter of money to them and nothing is personal.


The goal of Bitcoin especially in the future is to be the best cryptocurrency that the world over can use in transacting business from buying a cup of coffee to purchasing a condominiums and cars. And this is where most of the developments should be taking place. Aside from this, BTC should become the premiere store of value where investors can buy and hold expecting a good return of investment most of the time.
 

Yes. And I don't have to tell the reasons why.

Africa can be considered as the last frontier for Bitcoin and although adoption of cryptocurrency remains to be desired in this region, the big potential is here and just waiting to be tapped at the right time. Africa has a total population of 1,318,717,841 and this fact alone means a lot, the more people the more chances that a big chunk will be interested with Bitcoin. With 54 countries scattered all over the continent, with its very rich natural resources, I am not wondering why China has already taken a good sight of this part of the global map.

You said about the problems of Africa are very true. While the potential is there, the region has had been beset with so many huge problems and challenges that lead many people to sever poverty, malnutrition, political instability, pervading corruption and in may case people who are already tired and have given up to carve their bright future ahead. These people suffered from the visible lack of right leadership who can help them rise up from the quagmire they are in.

I can feel the pain suffered by people in Africa. We are all hoping that given the chance, Bitcoin can be of help to those who can be interested. As of now, the African continent is leading the way in the Google search for the term "bitcoin" but sadly there is a big gap in the use and adoption of this cryptocurrency. We are hoping that as years go on, things will be changing and that people will soon be entering the world of Bitcoin as a medium of exchange or payment and not just a store of value.

Same thing here, I will never, at least for now and for the remaining months of 2020, use my Bitcoin just to have my coffee need fixed by that famous and relatively expensive coffee shop. There are two big reasons why: 1. I only have a small Bitcoin hoard and in fact I am planning to add more so spending them for a coffee or some pastries can be contrary to may goal of hodling more in anticipation of the bull run (her, you are haha) and I know I am not alone with this feeling (can't you feel it too?); 2. I am a stingy (but not stinky am hoping) guy so I can't have a guilt=free experience in Starbucks or any same expensive coffee shop for that matter. Don't worry I better get an all-in-one coffee mix and make my own coffee at home (this makes me disqualified as a target market of Starbucks which recently opened some shops in my county).

Now, to get serious, I am sure that this good news of Bakkt and Starbucks at provides the mainstream and crypto-related media some topic to discuss and post. How will this affect the market and price of Bitcoin remains top be seen. Ironically, it has become a customary for members of this forum (including me, of course) to encourage others to patronize merchants who decided to accept Bitcoin (directly or indirectly) while we ourselves have decided that we are instead holding and not spending. Well, this can be a  little bit funny (for lack of a better word).