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In my opinion, economists are good at summarizing past events, not the future. Bitcoin is an important economic phenomenon in the future. They don't want to think about the future. When Bitcoin has been widely recognized, economists will say yes.  |
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Do you believe Satoshi was a pseudonym used by more than one person that's why there's differences in written English ?
Opsec. He was trying to throw people off his scent. Satoshi was a pseudonym -- this person does not exist under this name. He used disposable emails. He paid for the domain with an anonymous registration agent. Presumably he only connected with tor. He didn't want to be found, and he went to great lengths to ensure that. So, 'z' versus 's' was a way to throw people off his scent. The way to analyse this would be to graph is 's' versus 'z' over time. Did he use 'z' for the first half of his posts, or the last half? Are they consistently mixed at all times? And no, I don't believe that Satoshi was a team of people. Single, clever individuals do great things all the time by finding combinations of old ideas into new. Very few people in the world could keep a secret like this for so long if they were a team. I agree with you that no team can keep a secret for so long. A team will always have disputes, and when there are disputes, there will be mistakes. |
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I don't also get why this news from China can cause bitcoin's price to go down. It's like when they release news about bitcoin, media and people around the world panic to sold their bitcoin. They have been like that for many years now, bad news always comes from them yet they have the majority of bitcoin miners. If a country hates bitcoin, then what's the reason for those miners operating for many years now. Why people around the world are afraid that they always bring that big impact on the crypto market.
Why people around the world are afraid that they always bring that big impact on the crypto market.[/quote] The reason is simple. The US economy is the largest global economy in the world today. The Federal Reserve (fed) formulates US monetary policy and sets benchmarks for global monetary policy. The world does depend on the United States. The importance of China in the world is growing rapidly, and they will participate in this discussion, but they have not yet reached the point where they dominate global monetary policy. This requires more time. In addition, the number of miners in China is large, and the attitude of the Chinese government determines where the miners will stay. |
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I don't also get why this news from China can cause bitcoin's price to go down. It's like when they release news about bitcoin, media and people around the world panic to sold their bitcoin. They have been like that for many years now, bad news always comes from them yet they have the majority of bitcoin miners. If a country hates bitcoin, then what's the reason for those miners operating for many years now. Why people around the world are afraid that they always bring that big impact on the crypto market.
I am envisioning that if China says it supports it, the situation may be even worse. As long as it is not declared that holding Bitcoin is a crime, it should not be considered too bad news. The news of the last few times has the same meaning as the news of previous years. I don't feel much about it, unless new investors will panic. |
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I have never thought about Bitcoin after so many years. At present, I have considered at most 4 years later, the market that Bitcoin will be halved in 2025. Before reading your article, I only thought about his price, and never thought about the changes it will bring or its possible demise.
100 years is too long. First think about 10 years to be more practical.
10 years later, Bitcoin will surely be recognized by more countries.
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The most valuable airdrop I got was UNI.
It's a pity that I sold it early.
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I think one thing we should understand is that, negative and positive news from high profile individuals, companies or government have always been one of the main drivers of the financial market, negative news has sometime and still affects other financial markets like forex, stocks, etc, this is to affirm that negative news impact on prices of assets is not limited to bitcoin alone, and this is not entirely bad, cus the negative news always create a buy opportunity for true believers who then sell for good profit when the positive news comes and prices go up.
And for when China's negativity on crypto will loose its effect on bitcoin, truth is that no one can tell, but since China have outrightly banned bitcoin and everything relating to crypto currencies in their country, it's only a matter of time before their negative stance on crypto stops affecting the market.
I really hope that China will be more positive. Cryptocurrencies are being adopted more widely across the world, and different countries need clearer regulatory frameworks. In my opinion, more supervision is a positive signal. |
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Probably there are whales player in China and I think one of big mining company works in China, I’m not sure though if they also ban mining since there are so many crypto regulations happened in China for over a years now, and this one is not new anymore. China has a big influence in cryptomarket, that’s why the price reacts on that also whales are riding the news to create more FUD, that’s whales will always do to make more money.
Whales control public opinion and release good or bad news to influence currency prices. In this case, if we react in the opposite direction, will the probability of profit be greater? |
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On March 12th last year, I did not have firm conviction. I sold Bitcoin and lost 4 BTC. I have been regretting it all the time. I was still a novice at the time and did not follow the advice of my friends holding 80% of the positions. It is too difficult to be a firm holder.  |
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I never thought about how Bitcoin will affect our financial system in the future. But I am grateful for it, it makes me feel that my property is in my own hands.
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For a while, China can seem to affect the btc price because the majority of bitcoin mining farmers come from china, that's all. Until when? Do not know. The hope is that this is China's ultimate threat against btc and a form of China's seriousness that wants to remove its involvement so that no other policies from that country will affect the price in the future.
It seems that the Chinese government's ban on virtual currency mining last month is good news.A large number of Chinese miners have left China. China's mining ban has dramatically reduced competition for block rewards and improved the profitability for miners based elsewhere. |
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On July 6, the Central Bank of China closed down a Beijing-based company that provides software services for virtual currency transactions, and reiterated that no institution within its jurisdiction should engage in such transactions.
After the People's Bank of China reiterated its long-standing anti-crypto stance and warned institutions not to provide services to crypto-related companies, Bitcoin cut its earlier gains.
Why does the negative news from China always affect the price of Bitcoin? When does Bitcoin become less sensitive to negative news?
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