When a crypto currency backed by assets in government then its just the replica of currency fiat money system there will be no transparency on how these things getting value.But they are considering cryptos that will be the only positive but what if they ban all the decentralized cryptos and made their own digital currency as only legality of payments? Will make decentralized future into a big question.
The government aims to create its fiat currency in the form of digital (1:1) based on blockchain technology, you know, blockchain is a good way for transparency. It's more convenient to carry a card rather than a bunch of cash in your wallet, but the system has to be secure (hacker-proof) to avoid fraud activities. A country's fiat currency is a centralized business, if you want a decentralized one; bitcoin. |
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No one knows for sure (with any degree of certainty) what the future holds for bitcoin. Having said that, most will agree that the future is bright.
Here are 10 reasons why Bitcoin is strong today and will continue to grow:
1. Bitcoin introduced blockchain technology for the rest of the world to utilize.
2. Bitcoin itself is a protocol that will continually evolve.
3. Acceptance (Bitcoin is only 10 years old!)
4. Much of the developed world where payment systems that enable instantaneous person-to-person payment are not available, would love to adopt Bitcoin.
5. Volatility will minimize as the public at large becomes less sensitive to everything the media spews out and as more users adopt it.
Agree with it especially for bitcoin still in the early phase of development, wait for 15 years till 20 years. Like satoshi said; ~ I'm sure that in 20 years there will either be very large transaction volume or no volume.
6. As larger corporations start offering Bitcoin as a payment alternative, smaller companies waiting in the shadows will jump on the bandwagon.
9. Bitcoin will be featured regularly in the remittance world and by travelers and travel agencies alike.
Larger corporations? smaller companies? remittance world? travel agencies? Well, it's happening right now. The most popular companies accepting Bitcoin payment today are:
Wikipedia
Microsoft
Expedia
Overstock
Bitcoin.Travel – a travel site that provides accommodation, apartments, attractions, etc.
PizzaForCoins.com - Domino’s Pizza signed up – pay for their pizza with bitcoins
ExpressVPN
Bitcoincoffee.com – Buy your favorite coffee online
Grass Hill Alpacas – A local farm in Haydenville, MA
From Who Accepts Bitcoins in 2020? Massive List (19+ Major Companies)
https://99bitcoins.com/bitcoin/who-accepts/https://99bitcoins.com/bitcoin/who-accepts/read more here |
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Thanks everyone for the advice! I had decided to adjust my portfolio for long terms investment, primarily in Blue chips and alts that had potential - established team, well-delivered/realistic roadmap, consistent development as well a more discipline investment schedule, guess the ups and downs of day trading is too much for me to handle while maintaining good performance with my programming job. I would advice you against investing in fake promised projects, it is better to invest in top alts or in bitcoin rather than taking chances because in my experience these road maps and promises are hard to fulfill. Yeah, not easy to judge whether a project will be successful in the future or hard to get breakeven. The percentage like 10% good project and the rest out of question, just dont get involved. Bitcoin and some famous altcoins such as bch, eth, are the good options to invest in long-term, whenever bitcoin rises up, those coins more likely to follow bitcoin to rise as well. |
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Date Trend-Line Prediction Technical Indicator Prediction
September 30 2019 $8000-$8600
December 31 2019 $10,600 $8780
December 31 2020 $21,000 $20,200
December 31 2024 $180,000-$380,000
I ask from expert about this table what do you think.
What makes someone become an expert in predict bitcoin price? 90%-100% accurate prediction? Then they are probably an oracle. I agree that bitcoin maybe reach around $8000-$10,000 this month, it may start to climb up in mid-December until December 31st. However, bitcoin still hard to break out the resistance level.  source |
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Yes, you are completely right. If by mid-December Bitcoin did not increase in price, then this will not happen until the end of the year. Well, you can’t say that it was a bad year for bitcoin. The price of $ 7,500 is not so bad. This increase is more than double compared to the price at the beginning of this year.
Frankly speaking, no one knows whether bitcoin will rise in mid-December or stay low profile until the end of the year. The game to inject huge flux of money into the market or start sell-off events are beyond our reach, big investors and whales who play the role in influencing market activity. But bitcoin is heading to a good year in 2020, we can expect it to rise gradually until the next halving, do not sell your bitcoin and keep buying in every chance. |
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People buy a lot of bitcoins during those holiday times.
I think people are actually selling more than buying at this time of year, at least those who celebrate Christmas and New Year. Most will actually spend some BTC (by selling for fiat/or directly) to buy gifts, food and drink, decorations and all that is being bought this time of year. It should be going that way but what had happened is the opposite, the price of bitcoin has a higher chance to increase rather than decrease, it has been proven in 2017 and last year in 2018 bitcoin price rise from $3200 on December 17th to $4000 by Christmas, don't know why. Hopefully by the end of this this year bitcoin will rise again to $10K. December 22nd 2016 = $820 > December 27th 2016 = $910 December 22nd 2017 = $15,500 > December 27th 2017 = $16,839 |
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Is Cyrus the moderator in the Trading Section retiring?
Trading section isn't very busy so if you are so fond of reading and moderating all the posts in this section, being a mod is one job good for your personality. I was thinking of the same thing but I think for me to be able to be a moderator in this particular section I'd have to be very good in Trading myself.
Yes, cyrus is the person in charge of the trading discussion, even though he is not very active in comments but it seems he is always active every day to do his job as an Administrator. The trading section is one of a crowded board and many positive, informative and constructive thread buried. For example for some people who share their TAs and strategy to trading in a better way often missed due to many posts discuss which is not so worthy, in short, yes we need another person in charge to clean up the mess. |
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I don't think there is any significant correlation between this news towards crypto bulls, purely misrepresentation. Furthermore, French is not one of a bitcoin-friendly country; The French Financial Market Authority (Autorité des marchés financiers, AMF) and Prudential Supervisory Authority (Autorité de contrôle prudentiel et de resolution, ACPR) recently issued a joint notice to investors, warning about the current unregulated nature of cryptocurrencies. This document notes that bitcoin and other cryptocurrencies are not considered financial instruments under French law, and therefore do not fall under the regulatory framework of actual currencies or under the AMF’s supervisionSource |
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You need to provide more information regarding yourself and the projects you've been working on, like you said "two exchanges".
What kind of improvement for exchanges that you aiming for? as there are a lot of exchanges with good service nowadays.
The last thing, you want to raise funds from the community, what are the deal and the guarantee that the donors' funds will not be carried away?
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Well, I have no doubt about it, we are bitcoin believers in this forum, most will say yes bitcoin still has a higher chance to reach the last ATH $20k, whether in the next year or in 2021 which the cycle always shows that bitcoin reached new ATH one year after the halving. Bitcoin real price based on mining cost average that should be able to cover the expenses, so if the halving cut half of bitcoin as miners income, the price will increase automatically according to the supply and demand.
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Germany has been a bitcoin-friendly country for years, it's a step forward to take it through the EU law which probably will become a stumbling block.
If it could be realized then it's no wonder if the price of bitcoin will rise significantly in 2020, it's something that could only be done with regulation.
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Trying to figure out who is responsible for the dump or probably there is an event that affects the market might be a little bit vague.
When the price falls i.e. some whales sold theirs which results in the price fall significantly in a relatively short period of time that intrigue others to follow their path, panic sell to secure fiat money, and now here we are.
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There seems to be a trend not yet recognized by many experts and that is the withering interest of the people on Bitcoin, especially if we compare today with the days of 2017 and early months of 2018. Of course, we could not expect that people will always like, search and talk about Bitcoin for years. There will always be a plateau and a possible downtrend, sometime somehow.
No, people still interested to bitcoin and still growing as time goes on, it doesn't measured based on the days in 2017 to early of 2018. You can check how many new exchanges are opened every year, how many people sign up to major exchnages such as Binance and Coinbase every month, and check the daily trading volume, the trend is increases. |
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Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
Never heard bitfinnix before, is it a local exchange in your country? or a global trading platform? maybe it refers to Bitfinex? Most people will say don't do that, because some exchanges ever got hacked, and your coins will be gone as well. Exchanges meant to be a place to trade cryptocurrency, not to keep it for a long-term, just deposit, do your business and get out as soon as possible. |
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Fluctuation is a normal thing for a speculative object such as bitcoin, since more people invest/buy bitcoin to make a profit instead of using it as a medium of exchange.
It's not so bad to see bitcoin drop below $8K as many traders and whales waiting to buyback. Consider every dip as a discount time to get more cheaper coins.
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Bitcomine or Bitminer.io are pure examples of ponzi schemes.
Indeed, it's not cashed out problem, but scam problem due to lack of information in the first place. Many newbies fall to this trap and come here to ask after it's too late. for Op case, do not pay anything to admin if they ask for it. Even top cloud mining sites like Hashnest, Hashflare, Genesis Mining cannot make you any ROI on current difficulty conditions so stop trying as you won't succeed.
Since the difficulty increases significantly in the last few months, it may be right. It seems like a double edge sword, you can't achieve ROI with small hashrate in cloud mining, but the risk to buy a big hashrate has the same problem. In this case, better to invest a big amount or not at all. But then you think: 'ahh, it's better to buy my own ASICs' Hold on, check the difficulty. You can't make enough money to pay electricity cost with just 1-2 S9 in a few months later due to many companies/group will get into this business and starts their mining farms such as terraminer, icerock mining, hydro miner, but GMO cloud mining may be the biggest fish in the pool if their ICO success as they have developed 7nm ASICs chips. https://news.bitcoin.com/japans-gmo-launch-btc-bch-cloud-mining-service-august/We will see the difficulty spike in this year for sure. |
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Btctalk name: CyberKuro
Rank: Hero
Current post count: 1597
BTC Address: 1AeY2W4mqtrWVtEWYLkCCjAAvsNeCNCnat
Wear appropriate signature: Yes
Wear avatar: Yes
Thank you.
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Thanks guys for your reply. Fingers crossed that there is not another btc drop to a new low and my contract will run as long as possible. At least only 1-2 months from now and I will reach my break even. So glad I didn't put more money into it. In the end I can say I was involved into btc mining but that s pretty much it. Is it the same with those other contracts as well like ETH or ZCASH where it is from start limited to 2 years without maintenance fees? Or is that even something you wouldn't recommend as well?
Genesis is a well known 'cloud mining service', even though there are many customers complain regarding missing or reduced payout. But, since the difficulty seems constantly increase due to many people/groups/companies get into mining business, bring in a lot of ASICs and GPU. However, I believe you will reach the break-even point in 1-2 months as you said and then welcome to an endless profit. 30 TH/s is a huge hashrate imo, the profit will always flow into your wallet. You can calculate how much 30 TH/s can generate through some website such as coinwarz or cryptocompare, check this out: https://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=30000.00&p=0&pc=0.10&pf=7&d=2874674234415.94000000&r=12.50000000&er=8688.60000000&hc=0.00 30TH/s can generate BTC0.078725/month at current difficulty. |
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Government & banks understand they could defeat something that is decentralised. Therefore, they went to this way: they created FUD, limiting access for people who buying crypto so that they have no /less competitors later when Crypto's price go to bottom later. That way, government & Banks could buy them all , leaving less coins for us.
Governments can't be involved in bitcoin trading as they have regulations regarding how to spend the funds which can't be used to invest in a speculative object. Even the US authority has held several auctions for bitcoin that ever seized, don't want to hold it for long-term  Furthermore, it should work the other way around, why buy bitcoin after created FUD? They can make huge profits if buy bitcoin and then create a FUD. |
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Bitcoin has recovered a bit since yesterday, bounce back after hit $6K. It's not just you, big investors, whales, traders are happy now, they can buy bitcoin at a cheaper price and dump it at the peak again. The cycle will always repeat. Without scale solution that really works to support bitcoin community, it can't go anywhere but stuck at a point. However, if you just want to buy bitcoin in order to make profits by the end of the day, consider current price as a big discount before next bulls run.
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