Hi everyone, I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this? I ask based on tweets like this: https://twitter.com/Stami_/status/1115217112262483969Thanks! I think that's not the main reason why bitcoin was all time high 20k. There are much bigger reason and one of the because lending ICO with super ROI and ended scam, and that's why the price dropped so much also I don't think it's because of the ICO exploding that makes bitcoin increase higher. We are only guessing with what happens in 2017, and we don't know what exactly was happening. There are many speculations about the rise of bitcoin in 2017 and the next bull run, and I guess that no one will know what the main reason for the surge of cryptocurrency in the future is. Let's enjoy the moment in the next bull run and take your profit as much as you can.
|
|
|
Maybe they will replace bitcoin mining to mining something else in the future. We don't know if bitcoin still on the top of cryptocurrency or no in 2021, maybe something new will born in near future. I think they want to stop mining cryptocurrency and if they want to mine the other coins, I think it's not worth mining the other coins since bitcoin has the higher price depends on the other coins. So I think if they want to shut down the mining process, they can do that in anytime and I guess that there is no problem with the other country because they could continue to mining bitcoin and other coins.
|
|
|
Every trader must have experienced loss. I've started "serious" trading since early 2019 and experienced some losses but i take it as the money i spent for trading lesson.
Without having a loss experienced, we never learn about trading. I have a loss too like you, and I already get losses in many times in trading, but I don't quit trading because I know that I need to learn more hard than the other people so I can prevent the losses and make a profit. And if we can be careful in trading, I think we could avoid getting the lose if we are not greedy to chase the profit and we can control ourselves in trading, and we know when the time to close the order.
|
|
|
So we set 1 order for long, 1 order for short. No matter where the prices move, we still make a profit. I think it could work for the market that still unpredictable and with that 2 orders, we don't have to worried if we are lost. But one of the 2 orders will get lose because when the price moves higher, the other orders will be got a lose, and we need to close it right away so we can prevent from getting a big loss. Hm, I think that should be a solution for people who want to try with leveraged trading in Bitmex. But this will have a chance for people to be greedy because when they see the increase of the price, they don't close it when the target price has reached, and they can let it open for a long time.
|
|
|
“I believe China simply wants to ‘reboot’ the crypto industry into one that they have oversight on, the same approach they took with the Internet.”
This would be a good thing if it would be better then Blockchain i would go with it.
“Bitcoin mining wastes a lot of electricity,”
Well in fact China is getting his polution levels lower each day now which is a good thing. Maybe that's some reason why they want to ban mining to prevent some "additional polution".
They want to ban mining, but they still allow some company or individuals to mining bitcoin. I guess that they are not serious with that because they see the potential to mining bitcoin and the other coins. They will do this again and again in the future, and even they stop or ban the mining process, I think it will give a good impact for the other because one big competitor is reduced and it gives a chance for the other to do mining and try to be the next bigger mining company.
|
|
|
Actually it really one of the best.
Because it has a real purpose. With bnb you are paying less fees in the biggest exchange on crypto. Even you just want to make a little trade, you are buying this token.
But the fee is only available on binance only, if you trade in the other exchanges, you only buy and sell bnb and the fee will still on bitcoin. But I realize that bnb could be a potential coin in the future because that coin has a purpose and the project are still on the development to be better. And if you believe with the bnb project and you want to invest in that coin, you can do right now while the price not too high to buy.
|
|
|
I don't think borrow from the banks or other people will be a good idea to buy cryptocurrency because we don't know what exactly will happen in the market. Besides that, we need to think about how long we should pay the money to the banks. The market still cannot predict and if you cannot make a profit and get lost, then how you can pay your loan. That is too risky, but if you think that you can handle that thing, then you can try to borrow and hope that after you buy any coin, the price can increase so you can make a profit.
|
|
|
Fiat is currency made by governments without limits.... What can go wrong ?!
Are you serious? AFAIK, government can't print as many as they can as it will result to deflation of the value and it really needs to be backed by something neither gold to be specific. From all of the three, nothing is perfect and still have its flaws thus nothing should be eliminate, our mode of payment is getting better with the help of bitcoin hence gold and fiat is still the norm in the economy. The more our options, the more it will be convenient. I don't think that the government can easily to print the fiat because soon, the sources of materials for the paper will reduce a lot and in that time, the government needs to think about solving that problem and that will not easy. I think in that time, they will change from paper into something like bitcoin and who knows, the government finally decide to use bitcoin for a new payment system for their country.
|
|
|
I think that scammers is anywhere so when IEOs boom, scammers can still appear, they can do their IEO in small exchanges where dev exchange doesn't care to protect users. However, IEOs have brought a new wind to market.
And maybe the scammers are trying to enter the IEO too because that will be a legit way for them to attract more investor to come back. I hope that the investor could be still careful to invest in IEO and don't invest in that project if the project is not good for them. Always check the project is the only way for us to prevent getting scam by them.
|
|
|
Although the whales are back, it doesn't mean that the price can increase in a short because it depends on the market itself. Maybe the whales still need to buy more amount while the price is not too high so they can make a big profit when the market is changing into the bull market. But if I watch on the market, some coins have good progress in the increases, and I think soon, the market will be back to the bull market so we can sell all of the coins to make a lot of money.
|
|
|
The stable coin will be a stable coin, and the coin will have a future as I think the stable coin can be a bridge between crypto and fiat in the banks. Maybe in the future, there will be many other stable coins will come out to fill the needs in the cryptocurrency because cryptocurrency itself still growing. But stable coin will be up and down too like the other coin because the stable coin is one of the cryptocurrency.
|
|
|
Very difficult to predict the market but at ATH in the past the turbulent market was strong enough to break down the demand wall, possibly there could be but on what basis is the 10K value before June? is there good news going on or will there be acceptance of bitcoin in large open companies that will increase prices? We must encourage market growth.
That will be possible, and it could happen before June this year. But once again, we don't know if that could happen or not because the bitcoin price cannot be predictable on where the price will move and that is too difficult to know the right price in the next month. Although there is much good news release in out there, it is not guaranteed for bitcoin price to reach that price but the chance still wide open.
|
|
|
So you are telling us this is the coin that could possibly beat Bitcoin with 1 Trillion marketcap in just a few months what Bitcoin has failed to do, this is over shilling the coin, not because Facebook is a huge company that they can do this easily, we still have to see this.
I don't think Facebook can beat Bitcoin because they need to compete with the other strong coins like ethereum, dash, monero, litecoin, and the other coin in the 10-20 coin list. Besides that, Facebook is not the only coins that want to be the number one in the cryptocurrency list, and they need to realize this. Still, Facebook has much time to reach their goals, and if they are serious about continuing the project, maybe they can beat the low coin price first and then start to rise slowly.
|
|
|
Just like banks, shops, new companies, new payment systems everything is willing to accept and start up with such new technologies that indeed future will be positive one.
But that is not too soon for them to start accepting cryptocurrency as the new payment method because the store offline and online needs to wait and see the regulations from the government, they don't want to make any problem, so they need to make sure is it safe or not to use crypto for the payment. But if they want, they can try to integrate the payment system first so they could be ready when the government finally release regulations for making a cryptocurrency as the new payment alternative or the main payment method.
|
|
|
That still a prediction and I guess that there is no one will know the truth. Ethereum could still increase in this year because of ethereum still a strong project and continue. I believe that the price will increase and you only need to wait for the time to see it will rise again. Maybe you need to wait for a long time, but for me, I don't mind to wait for a long time because I am sure that ethereum can be back to the higher price and we are on the way to break the higher price.
|
|
|
When you send to the wrong address, then it will not arrive at the right address. That is simple. Just imagine if you send a letter with the wrong address, will it arrive in the right address? I guess not So, a double check is a must for every people who want to send any coins and not just bitcoin only. I don't know if there is a way to reverse the transaction especially if the transaction is already getting 1 confirmation at the network.
|
|
|
I would choose localbitcoin than that site because I have my trust with localbitcoin. Besides that, many people using localbitcoin to buy and sell bitcoin and it's available in many countries. So I don't want to get scam, and I need to be careful to buy and sell bitcoin in any new site. But if you want to try their service, my suggestion is only to use small money for the test and check, and if you are sure that they can be a legit site, then you need to make sure everything so you won't get scam.
|
|
|
Anything is possible, but dislodging bitcoin will be a challenge given its first-mover advantage. In the future the Lightning Network will be able to run smart contracts, but the staking feature of Cardano can become a draw for investors looking for returns.
But it's hard to replace bitcoin as we know that bitcoin is the stronger coins in the crypto market. Besides that, bitcoin is the leader in the crypto now and still be the king in the cryptocurrency. Cardano needs a long time before it could increase higher especially if we see the cardano price still on the low price. But as we don't know what will happen in the future, we could let the time will answer this so we will know later.
|
|
|
I think bitcoin doesn't have to beat the banks, but bitcoin can integrate with their system so the banks can work better than before. Bitcoin can reduce the corruption level by recording the report in the blockchain. But it will need help from the government so bitcoin can cooperate with the banks and makes the banks will better.
|
|
|
Bitcoin was very much created for that something free and independent from the banks and government economy. Bitcoin was made to give us economic freedom and pure control over it and no other other authority.
People will feel freedom first with bitcoin because people can try to make money from bitcoin. Then when the government realize they will try to use bitcoin in the financial section so then slowly, bitcoin will be accepted in many countries. And soon, bitcoin will give a chance for all people to get freedom in the financial and people will get a new way to earn money.
|
|
|
|