Bitcoin Forum

No way to make any decent gains for the forseeable future. Mkt cap is $50b that means $100b to double your money.  I see sideways bs looking for idiot buyers for awhile then a bear market before the next leg up.
The current adoption simply doesn't support a continued rise.

If you want to gamble and make maybe 3x on the gamble, try buying small amounts of Bitcoin Cash slowly to control your risk as the price is going down and then buy fast on the rise to help the pump further. I believe another pump is on the way in a few days.

There are earnings to be made, if you think the market cap of bitcoin cannot go up fast in the next months or years then learn how to trade, the amount of money that you can make in a single day by getting your calls right is nothing short of amazing, you could make hundreds of dollars by just sitting in front of your computer and if that is not enough for you then you only need to raise the size of your capital and the size of your trades.

i miss the old bitcoin days :( where I could make $500 a day

Learn to step up. It's all about only your speculation.

Not all the times, cryptos will adjust for you. Why bother to care for that concern if there's lots of way to deal with that. If this is game over for you for now then it's only applied to you as others didn't have the same view.

Who says $100B market cap as a big thing ? Moreover why you speculate about double the bitcoin prices ? I guess we are in the verge toward $4000 levels. Only after how market will be sustaining around $4000, we can decide think about $5000 levels and $100B market cap. Already segwit activation has done enough promotions for bitcoins, now we can be sure new investors are getting ready. So, sideways will not last for more than a week too.

Doubling your money is not the only way to get rich in Bitcoin, when you invest your money in Bitcoin you just not stop with the money you just have deposited you continue to inject more funds into your investment in order to have a bigger position for Bitcoin, also in Bitcoin you must take advantage of its volatility meaning you can do buy and sell with the prices that always change from high to low you will have reasonable gains if you create a plan and strategize well on your trades.

On what basis do you say the current adoption doesn't support a continued rise? As in the stock market, speculation is usually based on future growth predictions which could well support a much bigger market now that segwit is getting locked in and we have more scaling solutions on the horizon.

The bitcoin market cap is still very small compared to other market like oil or gold. And even if it reach that level, there is still money to be made. Learn to trade and you will not just rely on holding. You can take advantage of bitcoins volatility to make money as well.

It's always possible to make profit, you just need to adapt yourself for the moment. Trade during the day with the variations in price you have. If it's too risky for you don't trade and wait, that is the only alternative... It can take some time, but at least you know Bitcoin potential on long term is huge and won't disappoint us. If you think too much about this all the time it will look even more longstanding.

Even today i was reading a certain analyst commenting about this, when he said that the usability of bitcoin in real life is still very limited, he gave an example, said that of the top 500 online retailers only 3 accept bitcoin.

According to him, the high transaction fee and slow confirmations of payments have stunted the acceptance.

If solve these 2 problems: high transaction fee and slow confirmations of payments, bitcoin will have more adoption and its price can be very high

Times with huge volatility was definitely fun and crazy, but we all know that it couldn't last forever.
Growing adoption and acceptance bitcoin as the payment method by merchants can't be continued when one day BTC is worth $500 more/less than the day before.
So yeah speculation game is over, but that doesn't matter that bitcoin price won't continue to grow gradually in the future.

this is not the right choice for now,
it was not a gamble more likely a suicide,just wait a bit longer before entering that party because right now many people starting to dump it.


it's really dangerous for me to do something like this,they called it 'scalping' or what ever,i did it many times before and because of this i missed a lot of train and FOMO'ed
and,i think it's a not a stupid idea rely on holding because most of my profit came from it. and because of it i can doubled it or tripled it

Current adoption is just a beginning, bitcoin will continue to rise up over time because its demand always increase due to the usability of bitcoin, a better currency than conventional fiat money. Bitcoin has created not to doubled your money, but if you want to, you have to be patient for some time. When bitcoin get more attention, more governments regulated bitcoin as a legal payment such as in Japan, then you'll see its price doubled.

Depends on how you define "decent gains" and "forseeable future". Will we see a 10x surge within half a year? Nah. Those times are over. But we could see steady growth. Some sideways action may be boring, but also means stability, which leads to more credibility, which ultimately helps adoption. Bear markets suck, but are a great opportunity to stop staring at the charts and get some fresh air.

I personally would be quite content with Bitcoin just stabilizing between USD 3000 - 2500,- without overextending itself. People have heard of enough Bitcoin crashes. Many people that only follow mainstream news have not even fully realized at which price level Bitcoin is currently trading. Let that sink in with the general population first.

let go of the market cap bullshit. it means nothing.

for bitcoin to double in value all it would need is a few tens of millions and a bunch of sellers who decide they can get more in the future.

ethereum could add another 'ten billion' in one afternoon if poloniex felt like having a pump.

Too early to tell. We just come from a wild drama that ended up bitcoin price going strong still. So I think it just barely on the beginning of another great price rise. We may have not seen it now, but in the coming weeks will be critical and I believed that bitcoin will go to a new ATH before this year ends. Adoption comes very slowly, but I think it is a good gain and can be sustained in the near future.

Bitcoin will still remain as you can seen the other not supporting bitcoin cash because is not supporting by many merchant unlike bitcoin that actually already succeed and almost all merchant right now are accepting bitcoin as payment unlike bitcoin cash so i think those who are receive large amount of bitcoin cash are dumping and converting in bitcoin to save more bitcoin instead.. And i think we can say that bitcoin cash is just an another altcoin..
Look at the improvement of bitcoin the speed of the transaction and the miners fee for every transaction was reduce that i think we will love more bitcoin to use. .

People thought the same way when the market capitalization was $5 Bn. Bitcoin has never ceased to surprise us.
That said, you should be happy with any gains you make and not think about doubling your money.

Good timing on this post OP  ;D

It went up 10% only to correct back 5% BFD, although its the most exciting move in weeks. The times of multiple gains are over for a very long time, and frankly won't happen without a big crash/bear market first.

We all miss the old days, but like anything in life good things do not last very long, now we need to adapt to this new circumstances, if you want to earn a lot of money then the only thing you need to do to get a lot of earnings is to learn how to trade, it is not easy, but for those that are willing to take the risk the profits are really good, especially since you do not need to take any kind of wild risk you can begin with an amount as low as 0.01BTC.

Agreed. And until most of the trading takes place on regulated exchanges like Gemini, the big institutional money won't come into bitcoin (though some speculative hedge funds might take a punt).

Too much attention has been placed on the developer wars and not enough on user adoption (as in actually using bitcoin).

0.01 is one of the decent amount for start up in tradings since we can learn for many flaws from it whatever the result may come up at the end of the day, and even though  we miss those gold days with bitcoins we can still earn more since every satoshi counts for now since it has value unlike before that price are totally low.

I sure hope this isn't the consensus around here. More moon talk, please. I'm really not sure where the price will go in the next few months, but I'm praying for a correction to buy into...

Sentiment seems mostly bullish, but with all this positive media press, the LedgerX news and the market uncertainty around Segwit activation gone, I think we're still headed to the moon.

If that's true, then maybe we should shift to altcoins. I'm buying altcoins that are cheaper but also well known because there could be a good upside. There may be more potential for altcoins to gain value if they are really inexpensive.

Overstatement IMO. Besides, 3k is already the 'moon' level if you've started from the bottom.

The ideal price is one satoshi for one dollar.

Everywhere the common rule applies, because with bitcoin the demand to availability leads to increase in price. With altcoins too the same is the rule, but the platform were it gets used varies. In my opinion the hard earning group consider it an game over scenario and starts selling which is made use by the whales who have been into focus of buying low and profit.

Just when btc value is rising you suddenly said that it is game over. Some people just started investing I don't see why you will stop. Just because you cannot longer double your money in btc for a shorter time just like the old days doesn't mean it is not a good profit. Whether big or small as long as you gained you should be thankful enough for bitcoin. Anyway, if you really want to sell all your btc you may do so, that's for you to decide. There are people out there who are most willing to buy anyway.

Buying altcoin at now still depending the bubble growth cryptocurrency in this year is final time or just beginning.
So, in my opinion trading cryptocurrency at now as gambling.

I'll settle for 1 satoshi for 1 cent

there are lots of alternative coins from coins market which is don't rely on one coins because lots of coins has potential to grow more than your expectation i also believe that in gambling is the easiest way to earn money but avoid omaying too much because you could lose everything there i suggest you to learn traidng and then earn.

I still don't think that game is over. Yeah bitcoin's old days where people could speculate daily for profits is now ending, but there are huge altcoin markets right now. Its filling the spot.

Long term (since 2011), the price has had some large swings but overall maintained a roughly 0.24% per day increase (roughly 2% per week).  Fluctuations now are less than in past years, meaning less dramatic increases - and less dramatic downturns as well.

Graph up to mid-July, 2017:

https://pbs.twimg.com/media/DE5GXJCUwAAwS-1.jpg

If, on average, 2% per week increase isn't enough for you, then try the alts, but for now the trend indicates no signs of changing. 

Again, the long term strategy of HODL remains valid.

I laughed at the idea that you were asking for bitcoin cash =)) It is ridiculous, you are giving advice that the free cash bitcoin will increase in price. Possible bitcoin cash will receive the money from the lord. So silly! It's just a free money, you should not invest in it.

I think when the Segwit is implemented, the price will rise further. But I hope it will not follow the LTC whose price did not increase after the Segwit.

One would buy some bitcoins at 3000 few days ago and sell it now for 3500 and it's a 16% growth of one's investment in a matter of days. I don't feel like there are no any decent gains any more. People have become to picky I guess, having an asset that can grow 20% in a few days, while there are some people that hold their stocks and saving accounts and are the happiest people getting 5% more of their investment in a year. What you traders have become that you consider this kind of returns insignificant enough and complain about not being able to double your money in an hour.

I am sorry, but looking at the adoption compared to lots if not most altcoins Bitcoin price looks cheap to me. Not just cheap but supper cheap.
ETH is half of Bitcoin. Come on.
Ripple is 1/8th   This people choosing Ripple over Bitcoin must be joking.
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If you act as you suggest then your profit will be only 16% because after you sell your bitcoins for $ 3,500 you will be able to buy them for only $ 3700. Now we are not seeing falling prices. There is growth and then stabilization. It's a bad time to trade.

Short term speaking, we might face a very strong resistance point at the time we are about to hit the $4000 mark for the first ever time.

I don't think we'll fall back all the way down to the $2xxx's, but I can definitely see the $3000 mark getting tested again. But first we need to see how the activation of SegWit will impact the market in the coming weeks.

At this point the activation of SegWit is the only thing (for now) to give the market a boost. To add, I don't mind seeing the market take a step or two back ~ corrections are healthy and allow new money to enter.

That is what I am seeing too a resistant going to break the barrier on getting to the $4000 mark value, I really think we are not ready yet to go beyond that point but let's see for the next month if we can see if bitcoin can break the resistance, potentially if we can not see people that are dumping it might get near the $3800 cap!

bitcoin gained $700 in 7 days since you posted about sideways and bear market. i hope you hodled, anyway. if not, sorry for your loss.

I think that loss is due to our lack of confidence in bitcoin, and we have to pay for that. I made the wrong decision when selling bitcoin, because now I will try my best to get back what I have lost.

Ya true.If you have some negative feedback. I.e,the price may reduce means. Now you are the looser.Many holding for long time for today only.They will have very huge profit .If you sell the bitcoin for personal reasons means, you will not done a mistake. It all for your need you sold it.

I remember people saying that when btc was at 250 $.

I held I was just whining. Wtf would sell this year?
$3620 and climbing the japs have invaded again. (this time in a good way)

This will continue all the way to the $4000 level, where after that I am not exactly sure how the market will sustain further growth. I will definitely cash out profits as soon as the market jumps into the $3950-$4000 range.  I expect the market to fall down at least 10% from that point. My buy back target will be around the $3500 level. If everything goes according to plan, I will end up with a decent and quick 10% gain.

How will the market sustain future growth? dude, the global economy is on the edge of a cliff rethink.
It's taken me a bit to understand what's driving the btc price and it's not adoption but running from the innevitable fiat collapse.

What about in Japan? Japan is listed to have hundreds of merchant that is accepting bitcoin.
Thats why bitcoin is legalize there like you can shop with just your cellphone in your pocket.
And yeah maybe the thing is the high fees and slow confirmation are the mainstream for mass adoption and until now even segwit is just lock in the issues are haven't resolve.

I have a predict about the market in next time, if in August the price of Bitcoin still high than $3000, the bearish market will ended and change to other period, maybe neutral or bullish trend, depending the emotion of trader on market in this time.

A lot of people felt nervous when the price increased from $1000 to $2000 as well, but the price increase seems to be in only one direction - upwards. The traders made some money during the volatility, but the long term holders have profited as well (with a lot less risk). So holding also makes sense.

Many people are been worried for the current excellent rise of bitcoins on these days since they are afraid if those past history of deep dump would be happen again for these days, But these current happening is the most exciting things happening for now since I think we could expect for the price to touch down to the 4000$ and maybe evenmore.

i think they don't felt nervous but maybe they become greedy and wants to make more profit so they don't sell their bitcoin when the price is at $25xx and they only waiting until now. but i think the price still continue to increase and i don't know how much the price will go up, i wish in this august the price is reaching more than $4xxx.

I can speculate it will reach to $4000 or more as it depends on the emotion of trader. Well, as we can see to it the bullish in the market still continues. So a lot of traders are happy on these price and most gained profit already. Moreover, lets ride with the movement in the market and for sure it will climbed its value.

Idk what's pushing the price towards $4000 anymore, at this point, it's really worrying what's gonna be the floor when it comes down crashing.

Are you starting to feel like you should have bought instead of talking nonsense? If you got the ca$h, there has been no time other than the last few years to have dumped it into BTC and there will be no time like the next FOREVER To dump into BTC cause this will always rise up.

Or keep it in Wells Fargo, Chase or whatever else bank you got and get charged that monthly fee.

I can't see it crashing, if it were going to do that it would have done it by now.
Hodling, too scared to buy or sell in this market.

Amazing graph and very telling, so bitcoin can give to us in two weeks what banks give in my country for the whole year? And I keep hearing people close to me saying that I should put my money in a bank, it is very likely that if things keep going like this I will be able to retire in less than a decade while my friends and relatives will need to keep working almost all their lives.

so i guess bitcoin price DID double since you posted. can you please do that trick one more time?  :D

Is quite a long time that you make this post and since then you can actually see that the price has rise more than 3 time of your market analysis. We have see how bitcoin rise from  $1,659 in august to $7560 in this November and some of us that sell our coins then with the fears that bitcoin price is going to drop are now regretting because the price movement is amazing to all of us.