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In my view, I think the majority of the known (and yes also the unknown ones) scammers are now doing business using cryptocurrency and this is a big shame because these are the people that are putting down the good name of this industry down. We should really be doing something on this, we can all contribute something no matter how small in giving warning to as many people as possible especially the newbies never to be a part of the statistics. We should be encouraging CipherTrace to maybe have a good tool that social media users can use in detecting scams and sharing the warning to their friends in just one click. Maybe Facebook should also adopt something of a scam detection and warning system. I pity the many victims and future victims of the many schemes out to get the hard-earned money of the people.
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I find it actually easier to buy Bitcoin here in my country than buying gold so with the use of Bitcoin in buying gold this can be another good option many investors should be exploring. With these two assets intertwined and always getting compared, having the infrastructure to have them can be a great convenience. There are some people who like the idea of getting into Bitcoin and getting into gold as well.
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In the past many years, Bitcoin has had been a point of discussion with many mainstream media outlets and though sometimes it is presented in a not so positive way we are still taking them because publicity is publicity no matter what especially since it can be free. Does the mainstream media mentions on Bitcoin means that we are already going mainstream? Well, that depends on how we are going to define mainstream, then. I am more looking into at least 20% of the population involved with Bitcoin in one way or another before we can say it has already been a mainstream thing. Let's hope and worked for that in any way we can.
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Worth a read, but main takeaway is that spot and margin exchanges are telling different stories which paints a conflicting picture. Until $8,500 is gained on a closing basis, can't rule Bitcoin as out of the woods but as long as $7,700 holds on a closing basis I'm favoring longs into the halving.
I agree. While we can be seeing some positive signs, there can still be no conclusion that can be made on the question if Bitcoin is really out of the bearish woods. Until the $8500 zone is established for good, the power and influence of the bear is still present and anytime the bear can roar and take back the gains in the past few weeks. Right now, the market can be looking for many good reasons for it to move forward and let's hope that new positive developments can be cooking right now ready to be served as soon as they are done. |
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The big takeaway here is that nobody knows where Bitcoin can be months or years from now, yes it can go down but on the same breath it can also go up, again nobody knows. In other words, we should not be listening too much with people who are predicting that Bitcoin can be a million dollar value in a specific year on the other hand the same is true with people who are predicting that Bitcoin can get so low despite the many reasons that it should not. Remember that in the beginning, nobody ever thought that Bitcoin can come this long even with its current value, it was more of a gamble and a gamble that really paid well. Newbies, of course, must make their due diligence by looking at the many possible risks here, nobody should be going into anything blindfolded.
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as we entered 2020 and the first week is coming to an end, price has picked up and started heading towards $10k as it was expected before.
like all the previous times i again expect another FOMO to start due to this rise that would bring the price up in a sudden and big move. the only question remaining is about when it is going to start.
we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO. i think we can see price easily jump up above $10k when it starts.
I am actually hoping for a big pump that can catapult Bitcoin beyond the $10,000 zone maybe even into $15,000 but we need literally big FOMO for that, let's see if the coming halving can be that catalyst needed for that big FOMO. Bitcoin can rise if there will be corresponding demand for the coin manifesting in the market and whether that can be manipulated or not I really don't care much because as an individual I can't do anything about it. The waning possibility of the Iran-USA war had done some good push for Bitcoin lately and now we are looking for another push but I am not really sure if the halving can do it but am still hoping. |
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If 16.5% of small enterpenuers adopted crypto today and their customers actually used it, that would be a great success for crypto as a whole, because it's so far away from what we have now - how many merchants accept crypto right now - 0.1% ? You may think that this survey point out that not enough business owners support crypto, but it actually shows that not enough customers are interested in paying with crypto, so there's not much demand for its adoption.
Exactly. This is the problem on the side of the customers and consumers. We have to remember that if there is a need or the demand for any infrastructure like a payment scheme, any business will eventually adopt otherwise they can be left out of the blue. However, when these business owners do not see their customers demanding or even suggesting that they should be allowed to pay using cryptocurrency then they will not act accordingly. Merchants can easily adapt to anything, they usually just follow the trend where the money is. However, the big takeaway here is that there remains a vast opportunity for cryptocurrency to explore, and we are hoping that time is coming when this gap can slowly be filled so that at least 25% of these business owners can be using cryptocurrency maybe five years from now. |
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USA dollar weakining coz of war
So what is Next currency to use?
Its a euro?
And what is the safe asset?
I Think its not Gold and its not Property either
This question can be answered in different ways depending on someone's understanding and leaning of the term "safe asset" because for sure we have different convictions, and we are in different situations. Gold is considered as the safe haven for sure and in case of a war this can be a good asset to protect one's wealth, not unless of course we are already looking at the end of the world scenario where I think foods and a solid shelter can be more important. Just like gold, Bitcoin is also considered as a good store of value and nobody can steal it away from you because it has no physical presence. |
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I remember when both Uber or Airbnb each came out. You could save money using them. Now you can't. Isn't there any good Uber or Airbnb type products that run on bitcoin? I was thinking about long distance phone calls. A long time ago you had to pay for that. Then it gradually became free. I'm surprised that we haven't seen that happen with Ride Sharing or even BnB's. Because think about it, both of those are pretty much commodities in society. By now they should be extremely cheap. They should be just a fraction of what is charged by Uber or Airbnb. Especially with a ride share product. The driver could just pull over. Pick someone up, and then earn some bitcoin for driving them, to or at least close to their drop off point. But mainly compete heavily on price to disrupt the whole Uber or Airbnb sectors. Like one day in the same way we say "remember when you had to pay for long distance".... instead people will be saying "remember when you had to pay for a Cab, wasn't that crazy?" I want this to happen somehow soon.  What do you think? You have a good idea but there is no guarantee that in the real world it can be working or that the project will not morph into just another Uber or Airbnb. And just because the project is using Bitcoin is not guarantee that the services or products can be cheaper than those already in the market, heck it can even be more expensive and more hassle with the consumers at the end. However, I do understand your frustration all maybe because we are really expecting a lot from Bitcoin, cryptocurrency and the blockchain a lot. We are all dreamers here in this space, and I am hoping that one day we can see many platforms implementing the blockchain and Bitcoin in a way that we the consumers will really appreciate and love. |
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@elonmusk tweeted about bitcoin today Bitcoin is *not* my safe word
He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  I don't see how a simple tweet like that from Elon Musk can be considered as a manipulation. He is not even telling us what to do with our cryptocurrency. He is not telling us that we should buy more or to let go of our holdings. Anyway, since he is definitely a famous man, whatever joke he is putting on the internet can be picked by anybody and can be plastered with meaning depending on someone's impression and creative imagination. Maybe it is time we give ourselves some break, relax and smell the roses. |
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I do not think that the justification for bitcoin halving is the main reason for exempting employees, because it is a naive comparison, for example, 50% of employees, because the value of the rewards goes down by half.
I think it's just one excuse to reduced its employees, maybe because the company is not really earning as it is supposedly claim. Or probably Jihan is using it to purge the ranks of Bitmain of people who are against him. So nothing to do with bitcoin halving but personal vendetta inside his company. The war going in Bitmain is quite interesting to watch. Both of these personalities are known in the Bitcoin mining industry and whatever they are saying and doing will have ripple effects on the company they are fighting for. Whoever win the upper hand at the end certainly deserves some form of congratulations. Personally, I have no stake on this company and its future so I really do not care, just a spectator of the fight is my fittest description. Whatever can be the real reasons for the plan to trim down the employee list drastically are things these people only know fully. Let's watch further development on this internal Bitmain conflict. |
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The same team (SINS, SAFECAP) created the STREAMIT project, abandoned it and now draws money out of people through its new project - TRADE PLUS. I repeat once again - be careful!
It is quite so disgusting to see people who are getting to be so professional in churning out so many scam projects victimizing people who are just looking for ways to earn more out of their hard-earned money. This has to stopped now but there is really nothing we can do to police these projects. Maybe people who are good in online investigations should be sharing their time, resources and expertise in detecting these projects, so they can be exposed within this forum, the same forum they are relying on to get as many victims as possible. We, the ordinary investors, should always be careful with a project we are getting into as most of them are just lies, deceits, scams. |
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