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People have been making predictions for years now for Bitcoin. Usually during a bull market we get crazy predictions by many celebrities and financial advisors, even banks.
The issue is that nobody knows what the actual price will be. No way you would or proved $69K would be the top or $20K in 2017. Anyone that claims they got it correct, was simply lucky.
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This title is misleading. Bitcoin is a crypto but it’s different compared to most other cryptos. Cryptos such as Bitcoin, Litecoin , Dogecoin, etc are pure POW coins. There was no premine and the way people got coins was by mining them instead of purchasing them unlike most tokens.
Since most tokens like XRP you couldn’t mine only purchase directly from the developer, they are considered securities. Most tokens listed on exchanges are like this. Back in 2015, most tokens were POW then when ETH erc20 came out everything changed.
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I don’t think anyone right now is looking to buy Bitcoin to hedge against inflation. People pretty much did that back in late 2021 and are holding the bag.
Most likely inflation peaked and you are better off holding government bonds. Most likely you will break even with inflation. Bitcoin is way too volatile as an inflation hedge like late 2021 proved to be.
The best inflation hedge now are government bonds, especially the inflation tracked bonds which follow the average inflation price and pay out as the coupon rate.
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How is an old coin like Litecoin considered a security? From what I understand it had no premine and it’s purely POW. Sure there is some speculation that the dev instamined a few blocks when it launched or used a early gpu miner while everyone was cpu mining. However it’s definitely not like xrp or ETH.
The sec really needs to switch their team around. Very unprofessional way to handle these issues. Especially since they let coinbase go public a few years back.
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This atomic wallet hack happened a while ago and the dev team has been horrible the way they are communicating. No idea why some people got their accounts drained while others didn’t.
You said it was on June 3rd it was drained, did you do any updates to the software right before it got drained? Trying to figure out how they got so many people to lose their crypto. Unfortunately i don’t think there is much you can do. They can’t reverse the transaction. And the dev teams won’t be covering the losses.
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In 2023 I don’t think you need to promote Bitcoin this way. Almost everyone, except maybe some very old people, know what Bitcoin is. Especially if they are actively investing their money.
You go on Bloomberg or cnbc and you can see the crypto prices on there. It’s always on the news, especially if something bad happens. The Ftx scandal gave it almost daily news reports.
Back in 2013 was different. Back then nobody knew what it was. Either way this flyer would be pretty cool to hang and see what it would do to people who tore it off.
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Borrowing money is never a good idea for any type of investing. I know way too many people in the past who basically bought Bitcoin on a credit card which had an interest rate of 20%.
They said that 20% is cheap because Bitcoin will go 1000%. And for some who got in early and got out before the top got lucky but for many they are bag holders and are basically paying interest on a losing investment. Which is an awful thing to do.
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Wonder if Saylor will try and raise more funds to buy Bitcoin. You would think he would diversity a little and perhaps buy some ETH.
I think last time he offered shares for cash and used that cash to buy more Bitcoin. Crazy. Like I said before, in 10 years time he will either be known as the best trader out there or he will be known as the worst.
Hopefully he doesn’t start to scale out of these massive positions which wouldn’t be easy. Word would get out and people would copy trade him pretty much and it would be bearish.
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Well I understand why they are doing it. They want to prevent bots from getting the airdrop however it’s scary what will happen when you submit your iris data print.
I don’t think right now anything would happen. But in the future maybe 10 years from now you might use your IRIS to pay bills. If someone has a copy of your IRIS then they can probably commit identify theft.
Hence why it’s not worth it.
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This isn’t anything new. Etfs are approved for many Bitcoin funds and have been for a while. Usually there is no market impact because people only care if it gets approved by the SEC.
In a couple weeks we will know because the first ARK etf is suppose to reach its deadline for its application. If it’s get approved then most likely so will the other etfs and we should finally break out of this range and head higher.
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It depends who you follow.
One thing I noticed with many of the copy trader leaderboards is that usually the most profitable, is only profitable for a short period such as 1-3 months. It’s rare to find someone who is very profitable over a longer period.
Usually they take risky trades and their loses are rare because they don’t use stops. Which is fine lately when we are ranging but if we finally get some direction then many of those leaderboard holders are going to go bust due to their use of not using any stops.
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Solves many issues which are created by the traditional financial system. You like working to make $100 and instead of spending that $100 you decide to save it, then a year later you can only buy $90 worth of stuff with it. Your money was basically devalued without your control. Fiat money printing hurt many people who were savers.
There are also other problems it solves like it’s decentralized, it’s trustless, it helps those unbanked. Sure it’s possible the price of BTC might decrease or increase due to its volatility but so does many other assets such as price of stocks or real estate.
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This should be obvious but whether a project can survive or become the next top 100 crypto cap coin depends on whether it gets a decent listing or not. The same can happen if a project is removed from an exchange.
That’s why you got all these people betting on which token an exchange like Binance will list next. Almost a guaranteed money trade if you can guess it correctly.
People usually leak the coin and you can tell from the charts. Usually there is a small pump before the actual big pump because it was listed somewhere big like Binance.
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He is correct in some sense. You hear these numbers such as $1,000,000 per Bitcoin. But guess what there needs to be people out there willing to pay that much for a Bitcoin to bring it to those levels.
Take dogecoin for example. The amount that is mined per month is like half a billion if the price is $1 per doge. And why it’s price wasn’t sustainable at $0.70 when Elon was pumping it. People need to understand how market cap is important. Easier to take a million dollar cap coin up than it is taking a billion dollar coin up.
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Currently lite coin is not going anywhere. The way I see it is as follows. If we get a big pump a few days before. Then right after the halving there will be a big dump most likely.
Don’t think the lower supply will really affect the market price since it’s not as large cap as Bitcoin or Ethereum. I just think this is a pure buy the rumor and sell the news type of event.
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I think $100K will be a very good result for a peak of the next bull run, because it will fit into the current pattern of reducing peak-to-peak relative growth. We went from 1.3K to 20K to 69K, so 100K will be only 50% increase from the previous peak. But the worst outcome if the market will peak even before the previous ATH - that will be a major bearish signal, it would mean that Bitcoin is overpriced and the subsequent bear market will be brutal.
You need to take into account the market cap. You can’t say that going from $50K to $100K is only 100% gain easy since we went from $3000 to $69000 last cycle. When we are in these mid high 5 figure prices then it means that you need a huge influx of money to support it. Not easy to do especially since retail is going away at the moment and going back to stocks. |
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Yeah the last few days is completely flatlined. There were many periods where you assumed there was some feed error because the prices weren’t changing.
Not only that but if you look at the time and sales the overall volume is just dreadful. Even don’t get too many trades which are greater than 1 BTC. Most likely will be like this to middle of September or early October. Unless there is some big event.
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If you guys want the best chances of getting this airdrop or Zksync. You should try and use your address on the ethereum network. From what I recall ARB didn't have this as an requirement but I feel the airdrop for LayerZero and Zksync will be checking to see if the main ethereum chain has transactions.
When they see that the address was used only a few times and only on one network that wasn't Ethereum, then they will disqualify you or they will just lower the airdrop amount. Most people won't qualify this way most likely since they are farmers and there is no reason for them to use the main ethereum chain.
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For the OP,
Stop believing what Youtube videos say when they give price predictions. Many people believed that XRP would go to $10 back in the last bull market and were disappointed with the outcome. The Youtube people have no idea what is going to happen. They are not financial advisors. They basically make clickbait videos because they get paid get view and thats all they care about.
This is no different than people thinking DOGE will go to $10 because Elon was pumping it on SNL. What they didnt realise is that for DOGE to stay at $10 a coin it would need a massive large market cap that wasn't sustainable. Its the same with XRP.
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In the current crypto landscape, we're witnessing an influx of AI-powered projects. However, it's crucial to remain skeptical as many of these projects lack solid evidence to support their claims of being AI-driven. It appears that some are merely trying to create hype to sell their tokens without substantial technological backing.
On the other hand, certain CEXs are incorporating AI into their trading bots, particularly for grid trading. They assert that this move allows beginners to take advantage of trading strategies without needing extensive expertise in the field.
For instance, Bitget has integrated AI into its grid trading system, and it's likely that other exchanges are exploring similar paths. But the big question remains: Will these AI implementations truly deliver on their promises or will they become obsolete in the future, dismissed as mere trash? As a crypto enthusiast, it's crucial to keep a watchful eye on the advancements and critically assess the real value that AI brings to the crypto space.
The issue with these AI grid trading systems is that if it becomes too saturated then it will no longer work. Say 10 people are using the grid system, should be fine. But eventually since its profitable people will put more and more money into their account balance and the impact will be bigger and require more liquidity. Eventually too many people will be using these AI trading bots and they will stop working. Some other people might even take trades in the opposite direction because they know its a saturated trade and it will stop working. I don't think the world markets can be traded by AI. Most likely human trading is the most precise. |
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