I think because there is issue that ico will be banned in China so many investors sell their bitcoin and make the price is fall.
But im sure that its just a moment. Bitcoin can up again
A lot of people who purchased Bitcoins in mid-July for sub-2000 levels are selling all or part of their coins and booking profit. A major correction is due, but even in this occasion, the decline is not very sharp. A reason for that may be continuing high demand from the investors. Right now, the demand outstrips supply by a good margin. |
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The real reason is that they have limited supply, and people want them. (people may not want bitcoin in the future btw) People always want gold and they want to gather as much as possible in their lifetime. It is the only solid asset which holds its true value through the centuries.
People have long thought of going to work and pouring gold to save as if it was saving their money. Now still so! But young people and many people want to save both money and make more money by buying bitcoin instead of buying gold. I don't know. If you look at the daily gold sales volume, then you can find out that it is worth many hundreds of times the Bitcoin and other crypto-currency volumes. And gold derivatives market is really huge. And compare that with the BTC derivative market, which is almost nonexistent. It will take many years, if not decades for Bitcoin to overtake gold in trade volume. |
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It isn't so hard, make sure to find a deal here in service selection with someone willing to trade bitcoins for PayPal, add money on your PayPal account, buy the bitcoins to the member with escrow of course. I've never done so since I didn't need to, but it seems that there is quite a bunch of people doing it.
I would never recommend purchasing/selling Bitcoin for PayPal. There are a lot of scammers around here and they will try to reverse the payment after 10, 20 or even 40 days. There are a lot of other easier options, such as Skrill, Bank Transfer and SWIFT transfer. But I would say that Paypal and Bitcoin makes a very dangerous combination. |
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The human beings will never run away from their needs so if they all will be rich then it will not mean that they will lose their hands but they will do what they will need for their happy living so they will not deny from what they were doing for others or themselves.
99% of the people want to enjoy their life. That is why we have so many people buying the lottery tickets. Everyone dreams about getting rich one day. But the interesting point is that very few of these people will be ready to work for 1 hour or two hour extra, in order to earn some additional money. Can't do anything about it. It is human nature. |
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Even in my place, a lot of the poor people doesn't have bank accounts. They want to open bank accounts, but the bank officials are not too keen. They demand multiple ID documentation and residential proof, and these poor people give up after spending so much time in the banks. Bitcoin can take advantage of this situation, as anyone can open an account in the exchange.
Seriously? So what is the real problem for them? Why they can't just provide an ID and open a bank account? Just opening an account is absolutely free in most banks and it doesn't take mutch time. In that case they just don't realy need a bank account. It is not that simple. In most cases, the poor may be having just 2 or 3 ID documents and hardly any address proof. And further complicating the things, in many instances there will be spelling mistakes and mismatches in many of these documents. And some of the banks reject certain type of ID proof such as driving license and voter ID. |
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So that I can start researching in the right area, I plan to buy BitCoin here and there as I can afford it, and I do not plan to sell or use it. Is there a way to move it offline, either by printing something, a card, or something else that would make it super super secure (provided the physical info is in a safe place). I read so many posts about people having stuff stolen over the years, or exchanges getting hacked or going broke, and since I don't plan to use or sell it, what would be the uber-safest solution? I don't mind if it's complicated, or a harder thing to do, once I know it's the right option, I will take the time to learn how to do it.
Thanks in advance!
I would go with hardware wallets, especially Ledger Blue or Trezor. They are the safest wallets as of now, and it is quite easy to take the backups and store them. And has anyone ever heard about coins getting stolen from hardware wallets? |
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You should not be such issue. If you need money then you have no choice. But if you have the time to wait it is better to wait about 10 days. Price will be back up and you will be able to save a little. In any case, you decide and it depends on the specific circumstances.
What if the price goes down even further after 10 days? Then you will be in even more trouble. Bitcoin is very volatile and nothing can be guaranteed. I would recommend immediate conversion to fiat, irrespective of the exchange rates. |
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This time I have 40BTCs, 30BCHs, 50ETHs, 105ZECs, 55XMRs, and 36000XRPs,
Quite significant holdings, with total worth of close to $220,000. How are you storing your coins? In multiple hardware wallets, or in paper/online wallets? Please keep your coins securely. For sure, one day they will make you filthy rich. |
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In a few years time, the status of Bitcoin legality in Vietnam has changed from first hostile to contentious, and then from contentious to permissive. I am glad with this change, as Vietnam is one of the more populous nations in the south-east Asian region.
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I think my biggest regret about bitcoin was not purchasing a lot of it when the price of one bitcoin was below $200 USD in the past, if I did trust in the technology of bitcoin at that time and believe that the values of bitcoin will surge so much at this moment of my post, I would be a millionaire now.
When I purchased by first coins, the price was around $800 in early 2014. But after 2 years, it dropped to $200 per coin. By then I had lost hope in Bitcoins But then it had an amazing upward journey, rising by as much as 2,500%. |
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China banned ICO's, and it does look like it has some effect on btc's price.
So this is the reason why the exchange rates dived from $4,900 per coin to $4,200 per coin? A 15% decline just because the Chinese banned the ICOs? Quite difficult to believe. It should have been the reverse. The BTC prices should have gone up after the ban. After all, ICOs represent new competition for Bitcoin. Since the competition is removed, the prices should have increased. |
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Don't have any problem with the Chinese banning the IPOs. From what I can see, 90% of the recent ICOs are either overpriced, or outright ponzis and scams. As long as the Chinese are not banning Bitcoin or the established altcoins such as Ethereum, Bitcoin Cash, and Litecoin, I am not complaining. And I heard that the American authorities are also about to ban the ICOs there.
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My biggest regret is that I didn't took Bitcoins seriously when I first heard about it in 2011. When Wikileaks first accepted BTC, there was a lot of coverage about it in the mainstream media. But I was thinking that it is some sort of a currency and the exchange rates will remain more or less stable. I started collecting the coins only in 2013, but by then the prices were too high.
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That is true. When I first joined this forum and started collecting Bitcoins, I never thought that Bitcoins would make me rich. I lost a lot of coins in various cons and ponzi schemes in the beginning, and at some point I was even thinking about quitting Bitcoin. But I held on, and now I am in a good state thanks to the moderate profits from Bitcoin. |
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I don't think that altcoins are the no.1 enemy of Bitcoin. There are far more powerful enemies, such as the banking cartels and the wall street giants. Payment solutions such as Visa and PayPal are also not very excited about Bitcoin. And remittance transfer services such as Moneygram and Western Union are afraid that their business will be eaten away by the popularity of the crypto-currency.
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there's also a chance that bitcoin will outgrow gold as far as I can be, but now the bitcoin price is too high today if it is 2020 maybe 25k $ per bitcoin i think
Even at $25,000 per coin, the total market capitalization of Bitcoin would be around 1/20th of that of gold. In order to beat gold, Bitcoin needs to climb up to half a billion USD per coin. And this is exactly the value which John McAfee is predicting. |
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It will be quite difficult. Paypal is having partnerships with major retailers such as Ebay and Amazon. So it will be tough for Bitcoin to overtake it. Also, Paypal is 100% legal in many of the countries, while the legal status of Bitcoin is not clear.
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I think we can say the same thing about people who hold other curencies such as ETH, XMR and etc.
The exchange rate of Bitcoin has increased by 5,000,000 times during 2009-2017 period. No other currency (including Ethereum, Monero, and Ripple) has given these sort of returns. At the time of its inception, Ethereum was worth around $3 per coin. It has given 130x returns till now. It is impressive, but much lower when compared to that of Bitcoin. |
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At the middle of september the price of bitcoin will be between 5300 USD and 5700 USD. In my opinion this is a new Honda Civic not a 2nd hand Honda civic. Wait another 4-10 years and the price of one bitcoin will be that of a new house. Some say that this will happen faster than 4 years. I am on the opinion that the bitcoin price will be around 8000 USD at the end of this year.
Do you have any logic behind this prediction, or you just made the reply to improve your post-count? IMO, the next big movement in the prices can occur in November, when the 2 MB block size will be implemented. But if there is no consensus (there is a real chance of that happening, as F2Pool has reneged on its promise), then we can expect a major correction. |
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I would suggest Byteball. The next airdrop is scheduled at 4 days from now, and the quotas have been reduced. So there will not be any major dump this time. Blackbytes also look promising, especially after the steep rise of Monero recently.
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