Bitcoin Forum

Most reports we're hearing these days are full of bad news. Is there anything good happening for BTC at the minute?

What's the bad news you hear? The only bad news is the decline in the prices of bitcoin. You think that's bad news? I don't think so. Lower prices will attract more new people. In the future it will make bitcoin more popular. The price will go up. In the end, everyone will win.

Yes.Here it is.Now South Korea accept the cryptocurrency as a legal one.But with one condition,they have to start trade with their own bank account.The reason for this is very simple .They made a plan to get some taxes from the Bitcoin users.Instead of total ban, it's far enough I think.

what bad news?

Chinese, Korean and a couple of other countries closing exchanges which were mainly used to launder money? them also banning ICOs which are known way of scamming people?

US subpoena the big shady thing known as Tether is a bad news?

and the latest, Facebook banning ICO advertisement on their shitty platform is bad news?

i don't see anything bad here. a bad news would be "bitcoin got centralized", "people stopped running full nodes", "a bug was found",... and none of these are happening! not what a government says about the decentralized bitcoin to pretend they still matter...


yes price is 4 digits :D

I must admit Tether is the one that worries me - I don't understand much about it but just don't like what I hear.

The good news is bitcoin has crashed and now we can return to non-silly valuation. I'd be happy to see a fall to $6k, then no growth for a year. That would help our cause. Not your "cause" of getting rich. Our cause of disrupting banking.

The fact that people are already using the Lightning Network on mainnet.

A quote from a recent Coindesk article:

If the Lightning Network proves to be viable it will enable certain
use cases that aren´t possible using Bitcoin at the moment. E.g. micropayments,
subscription models or even something like paying for a videostream by the
second. Many people think that it will make Bitcoin payments much more
interesting for merchants, because it lowers the transaction times and
the transaction fees.

On the other hand, you could argue that the actual adoption of Lightning
network is still far in the future and the development could take more time
than people think. Besides, there is the possibility that there are bugs or flaws
that will be discovered during the actual usage, because the LN obviously
isn´t as battle-tested as the BTC main blockchain thas has been
running successfully for nearly a decade.

LN will be the main difference maker this year and can really reverse bitcoin's fortunes, I get the sense that many have been losing faith in the idea of it being used for payments but as you highlighted, LN can change all of that. As soon as bitcoin is again an effective way to make payments and such it will attract more and more interest, it is easy for investors to be skeptical when they are investing in to an 'idea' instead of something that is actually being used by people on a daily basis for things they also do regularly. Yes bitcoin is still used for larger transactions but your average person of the streets won't have an interest in this.

IMHO the LN will transform BTC. 
We will see a spike like none other when fees and transaction times fall to insignificance. 
It may take some time, but if within the year then I suspect we will see ATHs.

Then the moon is just a the first stop...

A Breaking News!

"All cryptocurrency, especially Bitcoin, will stay bearish for the moment. This is a good news for those who wants Bitcoin to be stronger and not stay as a "hype" coin. The crash in Bitcoin's price is also beneficial for those who missed the rocket last year and, now, Bitcoin is giving opportunity for some to get on board before it takes off again in a sharp bull ran."

by skorupi17  ;D

We had tons of great news.
Square opening Bitcoin selling to more users.
Robinhood going crypto.
Samsung entering the mining space in building ASICS.
Japanese Line going to build a crypto exchange.
Canada becoming a mining hub. South Korea announcing there will be no crypto trading ban.
Bittrex announced altcoin/usd pairings coming soon. No Tether anymore needed.
Lightning Network development speeding up and so much more.
The fundamentals are looking really great.
Forget about the mainstream media who publish lots of nonsense and fake news.

And,,, Tether is not going to affect Bitcoin, it is going to affect Tether. If there is spill over effect, it will not just be from Bitcoin but any crypto that trades against USDT pair on the exchanges that support them.

No news is worrying me now. A lot of exciting developments for Lightning Network. Using on mainnet, beta testing going on with some people. Blockchain doing c-lightning. Soon mempool will never be 5 digits again!

Since when did good news ever have an effect? The only news that affects prices is bad news.

Good news is almost always abstract and long term. Bad news hits everyone instantly more often than not. And if you dig around you can find just as much good news as bad news. It's all about your own perception.

The price rises not on good news, but more buyers than sellers. And who knows what sparks that? It's not good news.

https://bitcointalk.org/index.php?topic=2792933

Well maybe not for Bitcoin, but Starbucks is going to start accepting cryptocurrency payments. They’ve said that Bitcoin won’t be the one, but it’s still good for cryptocurrencies that they are accepting some kind of cryptocurrency payment. Other than that, there’s not much positive. At least this is a good time to buy with prices down so much.

Can't agree more. People have become so used to close-peak prices, that every level we see today and tomorrow leaves a bad taste in people's mouth, and that while we still are up almost 1000% compared to last year's price. If it's up to me, I would want it to drop significantly lower than $6k, but that doesn't seem all to realistic right now.

That's exactly what I am waiting for to happen, but we are unfortunately an extreme minority. If we really want to initiate a revolution to at least attempt to disrupt the banking system, we need the mass, or at least a good percentage of the mass to follow as well. At the end of the day, it's the numbers (the mass) that count, and as long as we don't have the numbers on our side, the banking system keeps thriving as strong as they have always been. No mass = no gas to fuel the revolution.

I think the Starbucks CEO comment on crypto currency was really a good news for crypto community. But yesterday’s news about restricting Cryptocurrency including Bitcoin ads from Facebook advertising was a bad news for affiliate and marketing.

Careful on reading some threads bro. Maybe that could make your decisions worst. There are a lot good news happening on crypto world and the bad news is just very minor cases. Most of the countries atlast adopt on the bitcoin system and most encourages people to invest. Bitcoin prices still on the blood drop but there are some speculations it will increase in this month.

Im not sure about the Samsung news. Is Samsung going to really compete against Bitmain with their own ASIC gigs? it sounded to me like they will only design chips, or fund other mining projects, but will not design their own purchaseable full mining machines, they will sell chips to other companies I think... correct me if im wrong.

But yes, lightning network news and proof that it's real and working should be enough to make BTC go $100,000+. People selling are simply fucking insane and a bunch of clueless idiots that got into the space not knowing anything about it. They will be the same that FOMO back to it.

I'm sorry to tell you that the speculation part of this forum may not be the right place for this  ;D
In the end I agree with you though.

yes of course in every day bitcoin prices continue to decline, this is very bad news but on the other hand some investors start buying and holding bitcoin for long-term investment.
I think personally, this is a must if you have big capital buy BTC and other altcoins, because if Btc price starts to rise automatically another coin will also be carried up. that is we can take some of its profit, in this situation we must really take action and take risks.

Even with hard drives of regulations against bitcoin such entries to bitcoin from different firms around the globe gives the user the hope of bitcoin value retain. In specific Samsung entering manufacturing of mining equipment as well south Korea not having plans of a ban really good for the growing community. Very bad news of these days is the regulation on the promotion through Facebook.

The whole month of January 2018 is totally a disaster for most of the HODLers but not all the time these news will be always bad.

Yep, today is the launching of cryptocurrencies to robinhood app. They charge nothing or any hidden fees if you trade there but for limited places only.

There are good news out there regarding bitcoin but it is overshadowed by the negative news. There is a news that Samsung enters into crypto mining market producing mining chips to China which i think is a positive news for crypto but we hear more about Facebook banning cryptocurrency related ads.

After this correction i think bitcoin will bounce back.

The good news is that January, the worst month during the last 4 years, is over and we can wait for the growth of crypto now.

Yes of course. More and more governments are replacing their national coins with bitcoin so you will get a lot of that good news coming soon, because governments just LOVE the idea of a decentralized coin they can't control. Of course Lightning network is going to work awesome since it's such a great idea, so that will give a lot of positive news. More and more shops are accepting bitcoins, because they LOVE the volatility, so you will get news from Amazon for example very soon. And bitcoin dominance is rising and rising, more and more people will see that it is THE coin to use because of its ultra low fees and ultra high transaction speed, so that will generate a lot of positive news too.

[/IRONIC MODE]

We don't know that yet since it hasn't been a very good start fot february this year. Though btc's slowly climbing little by little now and hopefully it continues to break 10k resistance. Funny how that 10k was the support line a few days ago. Whales still will decide when we'll ride the bulls

Yes we can see that the price is now recovering with a good scale and within a few days we will see some bigger jumps in the price of bitcoins. The expert traders have bought a good amount of bitcoin already as the price within a few minutes yesterday recovered from $7k and now it is moving higher from $9k. The time is not away when the price will touch again $20k. Now is the time when people regretted that why they not bought at lower. To them I will say that nature has given them a chance to get the benefit. Everyone have to buy now as when the price started to increase then again you will miss the time as it will not take time in increasing to highest level.

I think the best news of the week is the competition of crypto currency, this will have a good impact on trade.

The bad news is that there still a lot of cryptocurrency holders that are get easily swayed by the FUD news coming from unknown sources. This bad news tend to sow panic selling among the investors particularly the new ones. There are many news involving bitcoin and other cryptocurrencies but most of these news are no longer new so we must get use to it.

I quite agree with you. Caution has to be applied on taking in some of these threads; However, like you rightly pointed out, there are lots of good news! One of which is the news that
Bithumb is to refund new users up to 70% on fees. New users outside Korea are to be reimbursed for transaction fees incurred when depositing cryptocurrency on the exchange within the event period for a limited time.
This reminds me of a similar goodnews of a platform provided by MFChain where Merchants and Customers are free to transact business, no charges no processing fee and instead of running into any case for a refund, a 1% rebate is given to merchants monthly for transaction. Now, isn't that Awesome news!