Yeah, they need a stable currency. What could be better than USD as a medium of exchange? Bitcoin surely was not ready to be used as cash to purchase daily needs. However, it doesn't mean that Bitcoin is useless. We know that Bitcoin is more difficult to confiscate so that it can be used as a store of value. This is important for the people who live in an authoritarian government.
They can store some of their wealth in Bitcoin and cash out when they need to buy stuff.
They need stable currency, that is true. But is it foreign currency solution? This is also the way that one country colonize the other, in a way. Bitcoin can't help the country, it can only be support for individuals but it can't save economy and financial system in Venezuela. They need help but not in a way that will longterm only make them weaker and more vulnerable. |
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Every country and every bank could have its own terms and conditions when it comes to cryptocurrencies.
I don't know which country you are planning to go but no matter to that I think that solution is rather simple. Use one of available Bitcoin debit cards and you can get any cash without any issues and complications. Of course, you will need to pay certain fee and there is a limit for cash withdrawal but unless you need a really large sum that shouldn't be a problem.
I think that is the easiest and the most convenient way to cash out Bitcoin or any other cryptocurrency.
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Your opinion is right! Whatever we imposed strategy and techniques, if we lose hope then we are loser. I believe that we should try our best even it is failed. Atleast, we have experienced and we can realize our flaws. Remember, mistakes are our bridge to reach our goal. We just need to focus, learn from mistakes and never stop on trying. To have the goal i never give up might be the part of success but from my own experience.I can say that there is no exact receipe. Everyone of us i different, has different background, experiences and knowledge and different trading methods and goals. But I can say never stop learning, be patient, don't be greedy and don't let emotions get control over you. |
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Every year we have the same discussion about chinese new year and Bitcoin price. There isn't any proven connection however speculations continue. It's almost like Bitcoin users are trying to find some kind of justification and cause for every time the price goes up or down but things are not so easy.
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To my opinion regulation could affect Bitcoin price in positive way. Regulation that would define position, nature and status of cryptocurrencies, how it should be legaly theated, what is illegal and what isn't, how users are protected, how to include cryptocurrencies into financial and economy system that is all that could help for better adoprion, especialy by businesses. At the end that would also affect the price.
Problem is that many interprete regulation only in negative way and as a government attempt of centralization and surveillance of cryptocurrencies which to my opinion isn't true.
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i just curious to know if there is any sure way to this trading were by you hold on a trade.
The trade itself is a risk. There are no sure way or guaranteed profit every time you trade but you can minimize your trade errors by analyzing the charts, reading updates and learning from your mistakes. Whether to hold, sell or buy the decision is ultimately yours. Always remember, trade only with the money you can afford to lose.That exactly is often a problem. People think there is a formula to get Bitcoin profil and to get it all the time. Of course that is not possible and you always have to count on certain level of risk. The longer you are involved in trading the more skills you have and you know how to mitigate the risk but there is no way to completely avoid it. Even very experienced traders suffer losses but the point is to know how to recover and to always have a back up strategy. |
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If you are trying to find the patter, don't, there isn't any. Bull run can happen any time but very often is hard to determine if we are having real one. The more you trying to make some analysis, the more is likely that you will create some conspiracy theory like you did and find something hidden where there isn't any.
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No one knows for sure whether this will happen or not. However if that happens then it will be very difficult. Because when the media propagates everything positively, the market goes towards the negative. Because it is manipulation. In the case of market manipulation, media interference is huge. Media whale spreads news and creates fomo. In my opinion, market manipulation does not make any difference for long holders. If the price increases in 2020 or in 2021, both are good for me.
I stopped reading the media news. I now only look at Bitcoin Hold. I am a long term believer. Great changes do not last long.
A 100% gain is very reasonable in the halving year. It would still leave us below of the ATH, this way we have plenty of time and momentum in 2021 for the insane gains of the next ATH. A 100% gain is reasonable? I don't think so. It's possible but it's not something that is so easily ahievable. Halving might bring the price rise but only on short breath and not so huge. Also, don't forget there is a possibility for price dump too, halving doesn't necessary briing only positive price trends. |
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First if all USA and Iran are not at war. It's not even a conflictt, just a political tension.
Second, this has nothing to do with Bitcoin price and even if such situation continues or even gets worse I don't think that will influence Bitcoin price significantly.
Also, we are not having a pump, it was small rise but at the moment price started to pull back again so we'll.see how this is going to end.
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First of all I don't see any massive bull run. There is some price rise but it's still hard to tell if this will grow to continuous rise or bull run, tine will tell. However, I don't think that Elon Musk.has anything to do with that.
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From the very begininig Bitcoin was misused because of anonimity, that is not the secret, and not only for scams but also for much more serious crimes like child pornography, drugs, illegal weapons, money laundering and similar.
Comparing to years ago Bitcoin has lost a great deal of anonimity and transactions and Bitcoin wallets are much more traceable. That is maybe bad news for honest Bitcoin users but it's good for law enforcement agencies that will much easier trace the criminals. To my opinion loss of anonimity has also a good component.
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It's kind of rule that the moment when price is on the rise isn't the best moment for buying. However that depends on your funds and possibilities and your strategy and plan. Maybe to wait for a while I think we will see minor correction soon so that might be more favourable moment for buying.
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I feel like maybe it could be a governmental trouble if we put economics in the school, sure at college level I can understand it and its mostly high end mathematics but when you talk about economics there is politics involved as well, just to give an example how would a socialist country work with economics, how would a democratic socialist one, how does a capitalist one, how does a communist one, these are all economics as well. Teaching kids economics at a very young age should be regarding "saving money" and thats the key stuff, postponing pleasure in order to have a bigger relief at the end should be thought at a very young age in order to stop consumerism but we shouldn't bring politics into economics too much as well.
The subject of the economy is incredibly simple but it has become the battlefield of politicians because they believe that the natural behaviours of people should bend to their will and a basic study of economics says that is impossible, just to give you an example, most countries are heavily indebted, if that was anyone else then we will say that you need to cut your spending and begin to pay your debt, but governments want to believe they can spend all the money they want and suffer no consequences for it. This is just a part of the problem and it doesn't involve only governments and politicians but bankers too. However, economy is not that simple as it might seem and economy also changed as society changed and new forns appears. Also, you can't be an expert in economy without study and without insight into past of economy and all its forms, legal basis, rules and everything and that is something that University will give you. Also, economy is very tiight connected with other disciplines so to be good economists it's not enough to be involved only with economy. |
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Quality debate is always good but often people are focused just on empty phrases they repeat about Bitcoin price.
It's understandable that Bitcoin users are focused on value because main motive for majority is profit. So they follow the price all the time waiting for some big pump to make some money.
At the begininig Bitcoin users were more enthusiasts and pioneers of something new and exciting, now it's all only about the money.
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I think that will not happen. At the moment price is not so far from 10000$ and Bitcoin has shown a significant rise this month but I expect further corrections to happen. Although situation in the market tends to be optimistic I don't think that Bitcoin will cross 9000$ this month, this might be the max value that we will see this month.
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I think that currently it's hard to define the precise direction of price. To my opinion it will not go one way only. Although it looks now that we have growth corrections will happen and price will probably continue to fluctuate somwhere in range between 7000$ and 9000$ but it's not very likely that it will cross that boundaries.
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I'm a bit confused. You are looking for a name for new coin or new name for Bitcoin?
New name for Bitcoin doesn't make any sense and if you are trying to make another coin that would sound similar like Bitcoin you better give up. That is not going to be successful and you will only confuse people.
Also, with that new coin don't count on success like Bitcoin has. Many have tried so far but don't hope for another revolutionary coin.
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Most traders are greedy particularly when the market is moving in their favor they will be patient and continue holding believing that the market will continue to move in their favor but when the market move against their position they will quickly sell out and end up in loss at the end.
I think that greed and lack of patience and lack of emotions control could be the biggest problems for traders and obstacles to be successful. But that is usualy caused by lack of experience and knowledge so it could be make right as long as the trader is aware of mistakes. |
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I think that such low percentage of people who owe Bitcoin is not specific for US only. Similar situation is in most countries and realativley small number of people in world is using Bitcoin because many people are not familiar with Bitcoin or cryptocurrencies in general at all. That might sound incredible to people from Bitcoin community who maybe have the feeling that everyone is using Bitcoin but that is reality.
What we need is much better promotion and education about cryptocurrencies, we need to encourage people to use crypto and to trust it. That is not a case now, at least not for majority.
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We are very close to 9000$ this moment but I'm afraid that it might repeat recent situation when price pulled back after a short period of rise. I think corrections will happen along the way but 9000$ definetely isn't impossibe target. The question is only if that will happen next week or next month.
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