You're talking like it's all over OP, but it's not. I'll give it about 90% probability that it's not yet a reversal into a bear market and that we will see a continuation of this bull run later this year. We are where we were at 3000 dollars in 2017. Compare these two events on the chart and you'll see how similar they are.
Those who benefit the most are always people who catch the top and sell but how many are there? 1% of all investors? The second to benefit are holders.
I don't think that the current bull run will continue later this year, I might have to disagree with you. What I see on the market right now, is that we are heading on a bear market and later to be on the price correction. We might not reach the ATH that happened weeks ago. Also, If you compare the bull run that happened to 2017 and this year, you'll see a lot of difference. Referring the bear market of bitcoin's price of 3000 to today's dump is kinda ridiculous. We haven't seen the bear market yet and we are about face it soon. Which indicators are you looking at? When it comes to TA a run up by over 100% followed by a 50% correction is a textbook bull market. The fact that we have so many differences between 2017 and now is exactly why we are not yet on our way to bear market, simply because there was no sharp run up followed by a sharp decline, but rather a slow sell off. There's even more evidence to this in the wallets that sold. All the big institutional investors continued to hold. It's the individual traders who sold and this is again the opposite of a bear market.
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A pre-mine refers to initial creators allocating themselves tokens before public launch -- before a protocol can be publicly mined. That clearly does not apply to Bitcoin.
This is what I wanted to say when I read his post. A coin can be pre-mined only before its release date and everything else is mined, not pre-mined. Saying that a kid born 100 years from now will not have a chance to mine is pointless because it's like saying that a kid born at that time will not use paper money. It's true but what does that change? I was born after the gold rush and I never had a chance to mine physical gold in Sierra Nevada. Do I feel like I've missed the opportunity of a lifetime? As much as those kids born in 2150 will
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If you have 5000 and no Bitcoin first get some bitcoins. Many people think they'll get an altcoin because it's cheaper and it's a wrong way of thinking. Make sure you have bitcoin and then get into altcoins.
If you have bitcoin and want to get some altcoins I'd advise to get ETH, simply because out of top 10 coins it's by far the best. Stay away from BCH, BSV, and all that other coins that mimic bitcoin because they're just the riskier versions of it. If Bitcoin drops they will drop harder.
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Should be done even before. It's no secret that not just Thailand, but other countries also noticed the growth of illegal gambling, whether online or not, during the lockdown period, to target those people that lurking in their homes. Honestly, the people themselves play a big role in the rise of these illegal gambling as they tend to play gambling here compare to regulated ones.
Simple as it is; no license, running and operating illegally, not complying with the safety and health protocol = then shut down those businesses. If small operators can comply, no reason at all for other operators not to follow the legal way.
Not everything in this world has to be and can be made legal. The government always acts like it wants to help the people but for them it's about money. Illegal gambling doesn't leave taxes in their pocket and legal businesses need licenses to operate and can be shut down and fined if needed. It also costs money to track down illegal casinos but legal ones need to register and need to fill all the paperwork which is not free. Every clerk wants some fee for every document you file.
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Bitcoin’s unexpected 11% decline has led it to hit its ultimate lowest level for the past three weeks
This is the important part. First Bitcoin went up to a new high and you could say it's at the highest level ever and then as it started going down a bit you could say: "It's at the lowest level since last weekend, last week, last 2 weeks, last 3 weeks" so what does that mean? Nothing! This is such a random statement you could make literally at any point in time. Like now Bitcoin is at the lowest point in the last 2 hours and it's still in the highest point since January 22.
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Your private keys aren't stored by Ledger, so there's nothing to worry about.
The data Ledger has was only from people who bought in their store and registered on their site. If you bought your device somewhere else your email wasn't leaked.
Even if you registered on their site the hacker has your email now, just like all other online stores do. It's a good idea to use one email for private stuff like your bank account and another for online purchases.
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I will not feal bearish until we break below 20 thousand. There are many levels from now to the bear market and this is a healthy correction as long as some of those levels are held.
27 thousand is probably the first milestone and if we break below that there's going to be 22 thousand and then 19 thousand. If we can't hold support at that area around 19500 we'll probably go through a bear market gate into a long consolidation.
At this point I give it about 90% that we won't fall below 22 thousand before reaching a new high.
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Bitcoin cost is unstable, and this is opportunity for buyer and seller. It is not sure that BTC price will be steady, But In my opinion that bitcoin outperforms gold in cost, but not in its stability. If you look for long term spare of your resource, without the hazard of it diminished in esteem, at that point go for gold. But in case you're a risk-taker, and looks for a long term venture, and get in the Bitcoin because the future of Bitcoin is bright.
But what type of gold. Gold's problem these days is that as an investment it's in the form of market shares. If you want to invest in gold as easy as you can invest in bitcoin you have to buy it on the market but in such case you don't really own gold. You own a gold equivalent. A promise that your share is backed by real gold somewhere and that someone will buy that share for fiat when you need it. This makes bitcoin so much better because you really own it.
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You're talking like it's all over OP, but it's not. I'll give it about 90% probability that it's not yet a reversal into a bear market and that we will see a continuation of this bull run later this year. We are where we were at 3000 dollars in 2017. Compare these two events on the chart and you'll see how similar they are.
Those who benefit the most are always people who catch the top and sell but how many are there? 1% of all investors? The second to benefit are holders.
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There's not enough FUD. Those rumors that you can double spend are of the same importance as some people saying that an old wallet was moved so it's probably Satoshi coming back, or when they see a big wallet being moved they respond with "it's probably someone sending to an exchange to sell". People who believe in these rumors are even dumber than those who spread them The time to buy is when there's blood in the streets.
Not yet then
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It's a good option for people with a lot of money who aren't interested in holding coins and learning about security. To be honest If I were a 60 year old millionaire with no IT experience , I'd also look for a third party to help me manage everything just like when their stock brokers do. These people want to have as little worries as they can but. At this point I would never try to choose GBTC over BTC because I'm not the type of person who uses such services. I'm not rich, have a lot of time and some knowledge of bitcoin, know how to keep my coins secure,, value my privacy and independence. All the opposites of a typical Grayscale investor I wish them, they did a lot to make bitcoin popular, but I will never be their client.
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I knew that if any altcoin manages to pump somewhat independently of Bitcoin and at the same time won't lose 80% of value at random it's going to be ETH, so I bought it 2 years ago when it was still cheap and still have it now.
Of course I wouldn't sell my BTC for ETH. I believe in ETH but I believe in BTC more. Dumping bitcoin to catch a possible pump on some altcoin, even if it's the best altcoin out there would be very risky.
If you want to be safe stay with Bitcoin. It's going to offer you steady gains and safe haven from inflation. Is that not enough? Keep moving coins around and jumping between stablecoins and random shitcoins and you'll only lose money.
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this topic and some of the replies i went through gave me a very strange feeling like what i had back in 2018 when people were asking about whether price is going to go back to $1500 again when it was going to break the $4k resistance and break out with a massive FOMO.
i am always fascinated by how the history keeps repeating itself in bitcoin world without some people taking any lessons from it. i actually have a couple of topics about this too.
They never learn and Bitcoin is so simple or at least it used to be because there can always be that first time First simplest thing that bitcoin has always done is that it always begun a bull market from a point of a much higher level than the previous ATH and then went parabolic, followed by a sharp correction and a bear market. In 2013 it went up in Spring, corrected and then again parabolic to 1000 and went into a bear market ending at where it begun in Spring at about 200 USD In 2017 went from 1000 the old ATH to 3000, corrected to 1700 and from that we went parabolic to 20 thousand and corrected back to 3000. This year we had our first rally to 41000 and are experiencing this first correction before going parabolic. 5000 is out of the question unless bitcoin dies because all things come to an end one day.
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I used electron cash to get my coins, it was pretty easy. You say you have a private key in a text file. Install Electrum and sweep your key there. Then install Electron Cash ( https://electroncash.org/ )and it should copy your Electrum wallet files. Then once you open your address in original Electrum you will see only bitcoin transactions and when you do the same in ECash you will see your bitcoin cash and be able to send it. Before you start messing with things first use an explorer like https://blockchair.com/ to see if you have bitcoin cash on your address. It will save you some time.
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This is why the bitcoin price dropped The price dropped because of technicals. We were above 3 week ma and in a triangle that had to end with price breaking out to the upside or to the downside to show the trend. First we broke to the downside on Jan 20, then on Jan 21 we were defending the last important somewhat bullish level of 34 thousand that was also broken but there was about 70% chance of it happening after the triangle breakout took us below the MA for the first time in weeks. Now the price is going to look for a bottom possibly around 27000.
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Gold is a safe and easy option. That's why general population would rather choose gold. Bitcoin has far more potential but way more risky.
At least it's exchangeable at will. Try doing the same with physical gold. For many people this is a huge problem. If you don't live in a big city you may find yourself in a bit of a problem when you have to travel to be able to sell your gold. You won't even be able to visit the dealer just like that because most of them don't hold so much cash so you have to set up a meeting, then go there with your gold and go back home with cash or wait for them to send money to your bank. With bitcoin it can be as easy as 15 min to sent coins via a bitcoin ATM and hold cash in your hand.
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I don't get why some of you think that those who suspect Tether of foul play have their own agenda and are spreading FUD. People who run Tether were lying about their reserves and being backed 1:1. I always support transparency but if a business is not transparent it's their choice. It's going to limit the number of clients and make people suspicious but it's fine if they choose to go this way. What I can't stand is lying. When they finally admitted that rumors of them not being 100% backed by USD or even any fiat were true on their site it still said that USDt is backed 1:1. I remember it because when the news came out I went there to check if this information was changed or not. Now it says: Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties
So if they make a few more tethers (not backed) and lend them to someone, they can say these tethers are backed by IOU. This is a very smart way to make value from debt and get people to sell them real bitcoins for their USDt that is backed by other USDt loaned to other people for a promise of return.
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I've never been hacked and I don't think that it happens often. You have to distinguish between being hacked on your own machine and your online account on some exchange.
The first case happens maybe to 0.1% of bitcoin users and only because they have no security on their machines. Many people don't even set up wifi passwords so it's a normal thing that they get hacked but still rare among bitcoin users. Some people download trojans, get them through spam emails and such.
The second case when your account gets hacked is much more common. I know many people who lost money on exchanges.
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Why did you leave this tweet out? It is his latest about bitcoin. starting to warm up? "Bitcoin is almost as bs as fiat money" https://twitter.com/elonmusk/status/1340588909974200321Now, I`m not a expert but it seems to me he is not warming up to it calling it almost as bullshit as fiat. You bitcoiners sure have a retarded backward thinking mind set. By almost it still means its better than fiat. I think he's feeling some regret for knowing about it and not putting a lot of money into it. If he did that instead of tweeting he'd have much more fiat now to spend on his cars, rockets and women. He's right about that error and latency. Fiat money is either slow or requires third party like a bank or paypal to be sent. Secure fiat is not fast - you have to give cash to someone. Fast fiat is not secure. Bitcoin is fast and secure but it's not cheap to sent. If it has a weak point that's it at the moment.
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Pepple dont like regulated things
People don't like regulated things and because of that they will not allow the government to take over. You can regulate exchanges but you can't regulate bitcoin. What is already in the hands of the users can be traded at will just like cash and the government can't change it. I'd really like you to explain how this government takeover is going to play out.
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