Bitcoin Forum

The world is at a standstill. Governments and private entities are pumping out trillions and trillions of worthless fiat to bail out the top 0.01% again. Meanwhile, Bitcoin is sitting pretty on the sidelines.

The block reward halving is about a month away.
Exchanges are seeing a huge surge in new customers.
Bitcoin courses are filling up.
Google searches are up.
Trust in ever-increasingly authoritarian governments is failing worldwide en masse.

To say I'm bullish on Bitcoin would be to say I enjoy breathing air.

It's time to opt out of your current government. It's time to opt out of the legacy financial system. It's time to opt out of financing the serving of trillions of dollars of debt. Governments worldwide are bankrupt. Get out with whatever you can carry on your back.

I'm jumping into the wormhole. See you on the other side.

I would agree we are also starting to see the emergence of CBDC (Central Bank Digital Currency)  The bank of England just set forth there proposal for this fully tracked digital currency people will soon start to realize that they enjoy the freedoms that anonymous payments give them and once they know that they will be fully tracked by the new system people will flock to Bitcoin as the solution.

I already jumped in the worm hole the other side is great!

Today the bitcoin now is showing a reasonable market price and soon an income because the halving is coming and this is a good sign for new profit, today there is a lot of news relayed to the bitcoin, and some of them are many people getting more addresses related to the cryptocurrency and this is the excellent sign so many people today are starting to adopt the changes of bitcoin next is the many people today investing in the world of bitcoin so while the halving is coming it is rapidly growing the same with the people are many users added and this is the reason why we love the use of bitcoin.

all true, and here is another one that people stopped talking about.
there is a lot of coins being withdrawn from exchanges to whale wallets. during the past weeks that bitcoin was being sold at a big discount anybody who knows better specifically the whales have been filling their cold storages with bitcoin by buying it cheap.

I just understand too that the bankruptcy level of government is high plus this recent global health issue, I believe many countries will go into recession. The solution is to try and be independent and not wait or expect the government to spoonfeed you.

Do you think it's something new? Central banks have been working on CBDC since 2017 and perhaps more. Of course, it will be "fully tracked" like you say ad we won't have anonymity using it.

But what is different compared to today? Do you think we're anonymous when we're using our card? Nope, they know what is your best supermarket, what's your ISP provider, electricity... They can know what brand do you smoke, they can know when your wife has the menstruation and more.

And you think people are stupid as much as they don't know it and how far it can go? Of course, they know but the majority is fine with it and they will fully embrace CBDCs

World over, the growth pundits say that to boost consumption, you need to lower interest, give out investment loans, put money in the hands of people and the cycle will continue. How exactly do they model injecting trillions of dollars in one go? US Federal reserve is sending out dollars to its own financial institutions as well as to other central banks.
That effectively means injection of fresh money in the world economy without any real economic activity, which means inflation, which means fiat savings lose their value more and more. At such a time, diversifying into a form of investment like bitcoin which is effectively free from such policies is the most prudent, long term decision one could take.

That is true but for many easier to say than to do. Not everyone can afford to be independent whether with fiat or cryptocurrencies savings and many will depend on government charity.
We are heading towards recession that might be long and deeper than we all can expect at the moment. Some will turn to cryptocurrencies as a safe harbour but it's yet to see if this will be the way to fight global recession.

honestly I see this year as a year of disaster, even if halving this year I still consider this year to be a disastrous year, by that I mean that this year's halving will not have a big impact on the price and I highly doubt that it has great attention , this is a year of disgrace. at least the price is not falling much and it did not fall below $5000 which shows that there is still some hope that next year we will see very high prices, but for this year I think the maximum we will see will be $9,000

We are going to experience a global recession in the upcoming days which might be far more worse than the 2008 great recession. Government is printing trillions of money and we are still paying out our taxes regularly. If they are printing more and more to prevent the upcoming recession to certain extent, why should they totally depend on our taxes? With the concept of limited capped value something like bitcoin's total supply comes into existence and being understood on a global scale, we would be seeing far more interest towards bitcoin being used as a form of currency in most of the shops around us.

But the problem we are currently facing is that, majority of the people are still holding their belief on the government backed unlimited shit currencies which isn't going to last longer. Governments are suppressing bitcoin as they are fearing about the global adoption which might post a risk to their government backed currencies. Adoption is one of the major cause which is certainly required to rise the price of bitcoin and to make them as a globally accepted currency. For that, we the bitcoiners should initially educate these citizens on the positive aspects of bitcoin as a whole.

satoshi could have been one among the people who was affected greatly due to the early 2010 recession and this could have been one among the primary reasons for creation of a currency which doesn't depend upon the governmental values. Similarly, this second greater recession exactly after a decade could be seen as a turning point for bitcoin adoption as people are well aware of the consequences which they are going to face after the pandemic has reached an end. The bitcoin market is new and still maturing, thus we need another more decade to truly know the price of 1 bitcoin before they come to an end of inflation or deflation.

This actually made me smile. It's cool to see such energetic post regarding the upcoming bitcoin halving. Honestly, I haven't seen one before. It's my first time, and I can't wait for it as a lot of people keep talking about you. See you on the other side ☺

nice word.. Bitcoin is very powerful in this "PANDEMIC" condition, unlike fiat currencies in almost all countries that fall..

being independent is a must in this condition.. I see a lot of unemployment arising from this "PANDEMIC" makes the economic turmoil more chaotic.
 there are currently 3 government jobs in almost all countries -> facing economic turmoil, feeding unemployment and cutting the coronavirus outbreak..

And yet Bitcoin isn't ready.

The network can only achieve around 7-10 tps without relying on second-layer solutions... That's barely enough to handle the current demand, and you think it's ready to handle a potential spike?

If the entire world goes to shit right now, Bitcoin will buckle under the pressure if it somehow becauses the de-facto alternative to fiat.

Anybody disagree?

It is always our chance as I thought.
Bitcoin price isn't so high, altcoins drop again, and we can make buy all of them. People should have to take a look at the current market condition. The global market suffered from coronavirus but we are not getting slip into it badly. Though the prices aren't showing in the bullish, however, we can see that the market still healthy and at any time, it possible to rallying back high again. Take the risk and see the result.

It's less than a month from now, everyone is really excited about this event, so those who have seen it before are again very energetic and enthusiastic because this is one positive news that we all have been waiting for. And with the Covid-19 pandemic and the looming financial crisis at hand, halving is the like the ace in our sleeves to fight this negativity right now.

No matter how hard you try, Bitcoin cannot be overstated, governments of different countries are pursuing Bitcoin because of their own interests, because they see the rate at which government-run currency transactions are going down, once the banks may become empty, Then the economy of the government will collapse, there will be no free money in the bank through which the government will announce the budget, you will not get any texts, banks will come. This is going to go down, so the governments of different countries are trying to curb the use of Bitcoin, but the government has not been as successful in those measures, as reports from the past show that the new user of Crypto Market Exchanger is increasing, which is higher than ever. Too much, and at this time a study by Covid19 found that the virus spreads between the bank's paper money, so no one knows. Understandably, he does not want the virus to come into his body, thus the use of bitcoin in the coming days will be greatly enhanced, and the use of other digital currencies, as well as the price of Bitcoin will be increased.

Yes, the market trend showed red price moves again today. However, never do something blindly, market trends are totally unpredictable. So, if you plan for short terms, be careful to choose the right coins. While if you want to set for a long term, you are better to choose proven coins such as Bitcoin or Ethereum.  

Market is in good condition even the price is not in green. I think both price in green or red, the market is healthy. As long as there are many people who trade their coins in exchanges, crypto market will be always healthy. Yep, there is always a chance for market to grow up quickly.

I bought about 50ETH before it jumped to >1000$ for about 60$/ETH and sold all when the price got to 800$ ( set my goal and waited). My goal is to invest 10,000$ into BTC, ETH and Tezos and wait till they triple in value and I think it will be in next 12 months.

A big change is coming i can feel it too. And i agree is the time to wake up and find our real financial freedom. With all this crisis in the world the trust is going to hell, we can't trust our govs or our banks, so, our only hope is to trust in cryptos. That's the clean way to get out of this crisis.

I am a firm believer of bitcoin and a few other altcoins. I store most of my money in crypto form, I do my refills and some online shopping using BTC or gifts purchased using BTC. The only time i use fiat is maybe when i need to buy food and do a few offline transactions.

But what you said is my worry too... what happens if we get 1/5th of the world population suddenly starts using BTC and transacting in BTC?
The fees alone would go to the rough (read the bull run of 2017)

The worst is unfortunately here - only if we were all free to at least continue our lives normally during the hard times.

But something tells me they wanted it this way. Otherwise, we'd all already protest on the streets. We asked them to take our rights away, we asked them to quarantine us, we asked them to do most of the things they've done. I don't think it'll be much longer until people will stop paying taxes & fees to the governments and banks as we all are going to find out we're running out of money. Are we going to give them all our money? Again? Don't they have enough money already? Didn't history teach us enough how this works and how we're once again transferring our wealth in their hands?

This would be the perfect time to move to the decentralized world, but do you think they'll let us do it with no consequences? I'm ready to accept any consequence - even prison time for allegedly supporting criminal networks and "tax evasion" - but are you? Is everyone else? I don't think so.

I want to be optimistic. I really want to. But to me it looks like we're losing the war on all possible sides and the only way we'd be able to oppose what's happening and prevent even harsher times is by turning the entire system upside down and moving to transparent or privacy-focused cryptocurrencies they can't control. The largest and ugliest issue is that we really aren't ready for such a change.

It's like a wet dream of most early BTC adopters but take your phone and take a look over all the contacts you've ever added & saved on your phone. How many of them are ready to turn the system upside down and stop them criminals and rich from doing what they've done for centuries? I'm sure not many..

Before people get to move from worthless paper to cryptocurrencies, they'll go through the same things we have been through. The unfortunate feeling of losing some BTC and not having any possibility of recovering it. The scams. The hard-to-understand nature of cryptos for a non-heavy computer user and especially for boomers. The KYC abuses. They're all part of the game and unless you're a tech savvy, it's gonna be part of yours too as a newbie. This is a process that takes time..

We got caught unprepared. God, I wish I was wrong. I wish I am and this is it - the moment we've been waiting for. But it just doesn't look like it to me at all ..

It's already been a disastrous year when the pandemic happened. But you have been in this game for too long already, and I'm sure you know the positive effect of halving right? See, you say that this is a disgrace, but the price is still above normal, way above the $3200 in 2018 and $3800 this March.

Let's see how everything goes, it there is one market that is going to recover the fastest, it will be cryptocurrency. There are a lot of arguments saying that it is not an hedge to pandemic or global recession, but look how strong the price are today as compare to other traditional markets.

We are not so far from another global recession and some middle income countries have already started to face the problem with lack of fund liquidity. As a precautionary step some have already announced to print trillions of money. I don't think its gonna be the only solution for upcoming global recession where definitely governments will keep building pressure on their citizens to pay higher taxes. As a result situation will get much complicated.

Hope so,,,Its high time for some countries government to think about bitcoin adoption and hopefully that's gonna help them to face next global recession for sure. To reduce the chances of covid-19 transmission already worldwide people are boldly depending on mobile banking and credit card payment rather than using paper money (Banknote). So obviously bitcoin can be a smart and safer method for all of us.

Experience will tell us what to do, for those who have now a lot of experiences, for sure they have now contingency plan in order to make more money and avoid major losses. Right now the price of the bitcoin is around $6000, I do scalping but not holding because we are in the bear market and holding will lead me for me to have huge losses. I will only hold if there will be transition of trend which is the uptrend.

Halving is near but I do not yet have plan if I will buy or not because my decisions are always base on the price action and technicals because I'm used to it. There are many speculations about halving around the internet and I do not want to affect my own decisions that is why I only follow what I know.

You are lucky as you still have some extra money to put in investment in this type of scenario but I can say that you have a point. Right now the crypto market is like up and downs while the halving is incoming but I am not that sure whether we can pull the trigger for the bull to occur this year as we are facing an outbreak right now.

It's good to be positive as what you are thinking as you are right about the increases of bitcoin courses that surge to 300% lately and etc. But as what I see, the government are still up for fiat solution because they are not yet ready to fully adapt the crypto system. I would love to stock some bitcoin also but maybe after the outbreak as I am having a difficulty right now with my money because of this outbreak, so maybe after the outbreak I can say that it is my chance.

Earlier, Bitcoin discussions have experienced panic due to the decline of crypto transactions that has been said to be influenced by the falldown of economies also led by gold due to the current pandemic. Bitcoin analysts have been constantly predicting the graph of transactions and the market and can sense a backdown from users. However, in light, we also saw positive users who are not minding the situation because they know that the situation won't maintain its eruption. Now, everybody is eager to see and experience bitcoin halving which only happens once in a while and I agree, this is the chance for us to redeem our coins and earn back our loss and gain profit.

With all that and stuff, it is still fully adopted. Government and banks conflicts with bitcoin. Tons of criticisms were being thrown to it. Anonymous, volatility has still a negative side for them to finally consider it.
 
 But, I also in favor of it as our freedom to control our own money. And there are some highlights wherein some banks are crypto friendly and some governments are having a legal implementations. Will these reasons be the start to change the world old tradition way of payments?

Nothing that i can extend but to agree because Halving is what i think matters this year after having the baddest Drop crypto has is something that we must thankful.

Lets see what happens next even the world will comes to recession .
and that is what Bitcoin make changes now,and also the crypto world will now an option finally and maybe this is the adoption that we are waiting.

Be patient to wait for what will happen while we can do many things. We are still at the lockdown, and the pandemic still there while in the next month, we will see the halving time happens. That makes many people curious about the next thing that will happen in the bitcoin world and the world. Although we all have a positive feeling about the increasing of bitcoin price, we need to enjoy this time by buying more bitcoin if we want. Otherwise, we are not doing anything but sit in our chair and see the time will pass.

If we look at the current situation where fiat is getting weaker, it should be an advantage for bitcoin. Can be seen several exchanges
increasing number of users, this is a sign of many new investors who realize that a good investment opportunity in cryptocurrency for
now.If you look at the blockchain network it looks like whales are starting to buy bitcoin in large quantities, because right now bitcoin
is still in low prices. And for those who believe in the future of bitcoin will not hesitate to collect bitcoin in a crisis situation like this.

Well we kinda think of having an income from it already especially those who were hodlinng from 4k buying.
There's never a better price to sell it anyway because some people entirely bought at different price.
Not sure about the adoption as we're still not yet over with this pandemic but it surely opened its doors for people to invest at.

Whales are like a parasite, they are just relying on their cryptocurrency and the market. They are storing bitcoin like it is the end of the world because they buy it in a cheaper price, so people who also want to store bitcoin have nothing left. They are now buying in whales for a bigger price and that's how whales are getting its money. But luckily, mass adoption is going on its way to the top as people are really engaging in using cryptocurrency. This is our chance to sell bitcoin because next month is the halving, people are ready to sell their bitcoin because of its price hike in the market. We should acknowledge those people who promote and support bitcoin, also the government who really accepted it to enter their economy and stock exchanges.

That was sad but actually, this a thing we've been experienced for 11 years. We saw the market dumps before and much worse than we have today but we still even escaped by then. The situation may harsh but this is not a reason why we should keep ourselves worrying. This is not the end of crypto right? And so we still have our chance. We can feel this negativity sometimes but we don't just let this nega influence our decision making and badly make it wrong.
Keeping our faith and trust strong will help us out from these worries and see the bright side coming to crypto in the coming days.

Even when halving is so close yet everything in crypto looks very quite and normal, unlike previous years of halving that you can fill the vibe from distance,  this year is totally different,  the unexpected pandemic has changed things in a whole lot, can't say I expect so much this coming halving just for the obvious reason, I don't think there will be such influx of new investors, the attention is diverted from crypto right now, surivival is top most priority for many people right now, so we can only hope for the best.

Buy Bitcoin when it's quiet, the kite breaks the rope, many people expect it to be bitcoin, it's a pity the price has skyrocketed, regret.

If you are thirsty looking, drink, I think the girl turns out, widow, I think bitcoin is normal, turns out to be an extraordinary bitcoin.

Go to the city the day after tomorrow, bring money to shop how nice it is, oh it turns out Bitcoin has been exchanged on the market.

Sorry for all of you..! No, buy bitcoin today! I buy! Not like you guys!The government is stunned...and speechless...and thinks that Bitcoin is used as a trading / buying tool, for the good of humans in the world.

Roosters crow, other chickens watching, why me...! not crowing, like the rooster, the other chicken said, so that I could crow, regret came at the end of the story, the ship had left the harbor...what else...!! sorry Sorry...!

Today many people now are trying to grab the opportunity to make more investment regarding with the bitcoin because the market price of the coin are still low and it is quite good because you can now make a lot of investment and gain for the income just simply trading but that is not over in trading instead many people use the bitcoin for investment because it is one of the most profitable coin, also even there is a pandemic crisis the bitcoin are still quite normal the difference is just on the trading or in the fiat currency to avoid getting contact with others for a while. But still if you have good enough money to capability to make more income it is better to grab the chance.

This may be one of the few chances where bitcoin would shine the brightness in the midst of all the chaos and the darkness that has been spewed out. A recession is just looming around the corner, and theoretically bitcoin should perform best among other assets and currencies out there. The only problem is that people would surely hesitate to use bitcoin for the first time, though once bitcoin started posting better results they might start to reconsider and be converted. Merchants may also reconsider once they see its full potential in crisis like this..

Exactly. People should try hard not to become too dependent on governments ( or other people/things without giving back) that it becomes a habit. People in governments could start making risky/dangerous demands from people that are too dependent on the system.. . If you are too used to being dependant, you will probably have no option than to accept the risky demands.

The governments of the world has always tried to supress bitcoin as much as they can since the truly believe it might pose a risk for the government controlled fiat currencies if people started using them. Here the problem doesn't rely with the government as people are the ones who still believe on the government controlled money and would continue using them until the banks scam them by not paying. USA was widely affected during the 2008 recession and this is one among the reasons Bitcoin is still being used for transactions higher in USA while comparing it with a third world country.

The idea behind creation of bitcoin is not to rely completely on a middleman like Banks controlling all our funds and to be used as a currency for internet transactions. But today they are being termed as a stock market kind of stuff with only very few people like to use them like a global currency. Truly speaking, I don't hold bitcoin for longer terms as investment and I use them as a global currency for transactions which I make overseas. People should understand that Bitcoin is not a get rich quick scheme but rather a global currency which can be used in any part of the world.

Bitcoin and the crypto world generally offer freedom. But that does not mean we can ignore government regulations. We can be free to choose the investment path that we like and prioritize, as good citizens, we must consider the applicable rules as well as that. That is the importance of us understanding the laws and regulations related to the crypto world in our country, in order to determine effective strategic steps to earn money. Remember, freedom does not mean rebellion, do it smoothly and smartly :)

Right, this is a really difficult season. Although sometimes pessimistic, I try to convince myself that there will definitely be a pump even if it is not as big as the previous period. No one knows, for sure we must also be prepared to take part in taking this opportunity.

I guess that's what happens during a global pandemic.

Unlike the other two halvings, this one is preceded by a world on the brink of economic collapse and potentially word viral pandemic in recent history. It's only natural that it should seem relatively muted or even bearish at this point.

I wouldn't be surprised if this halving doesn't even lead to a pump (in the short term). But we could possibly be in for one wicked pump in 2 or 3 years when the economy begins to show signs of recovery, or Bitcoin manages to truly scale to the heights necessary to achieve widespread adoption.

Definitely soon enough there will be more people engage in Crypto world than ever as people are no longer travel but Cargo move form some places to the other  this will force to the air transactions and Bitcoin as it is faster to be  confirmed than other fiat currencies from Bank A to Bank B See you the Other side

True, the current situation is quite difficult in several aspects, including all investment products. I also agree that the big pump does not occur anytime soon. Still, we have to prepare ourselves, I think the whales are also preparing to fill their bags, this is still a discount.

In as much as i want to see this market gain the momentum we've all been aching for, i don't think now is the right time to see such a massive usage to the cryptocurrency market. The whole world is on shutdown where the majority of people are currently more concern with making it out alive in one piece and careless about which type of FIAT currency is loosing or having value so far they have  enough money to see to their upkeep, i always say this, cryptocurrency thrive when the world is in good condition and the recent huge transfers we sew in the bitcoin network of recent validates the fact that people are moving out. Let's hope to see the world thrive sooner, I'm sure we will see more of a stable market in cryptocurrency space

This time is valuable time to but bitcoin. Actually i want say that bitcoin is the best currency in the world. this time will say after few month i am sure this bitcoin is high position create crypto market. we have to invest in this market i will say non stable coin because alt coin is going down but same as the alt coin are non stable because dependent on bitcoin  market. I am sure anyone can but some alt coin for next few month i am sure i have to say and some but alt coin in my exchange i have some profit from here. at last i will say this time will be profitable time but altcoin.

FML I forgot that the shitposting here is terrible. Nevermind.