That is always expected by many investors, especially long-term bitcoin investors, but apart from that they will not have any effect on the pump that is happening and some of them don't even care because they are waiting or want a better price.
And I never thought anyone would know that a bull run and/or halving was imminent so many people were buying or vice versa to be the reason for this big pump.
I think price increases and corrections that occur are very common, and we don't think there is a need to be specific about why they are because that's how the crypto market works.
The crypto market will always seem to work when there is always demand and supply going on in it, because without this the market will not work on its own every year. For the problem of concern for long-term Bitcoin investors in terms of price, it can also be an influence in the market because usually they are more patient in holding assets than their desire to sell more quickly, but this only affects price resistance in the market, not for market performance every day because price movements in the market are more influenced by the many traders who always come to the market to buy and sell there. I believe that it is going to take some time before people could realize how terribly long time it takes for crypto to make a move like that. I know that it is not going to be easy but if we could wait for it then the supply/demand mechanics will make sure that the price will go up. Of course this won't be easy and we are going to see some things change for the better as well but we just need to realize that it is not going to be that easy. Waiting is the hardest part for many people, but if we could make it happen then it is not going to be that impossible neither. Realizing that crypto is something that is profitable, specially bitcoin, over course of long period of time is something that takes time but everyone understands it eventually. |
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Anything and everything can happen in the next five months. So expecting something or predicting the price now won’t be a wise decision, I would say. We have usually seen bitcoins go up in price in the months of September and October. Now that it’s July, bitcoins have already crossed 30,000 USD. If they keep the same pace and increase at a steady rate, then we can definitely see bitcoins Crossing 50,000 USD by the end of this year. But everything depends on the demand that we people increase in order to accumulate the coins. Let’s hope for the best and wish Bitcoins to reach their new ATH price soon.
I don't know if bitcoin can grow in the remaining summer months because historically summer has not been the best time to grow. Although the first half happened to be very good. Now the price is at a key point and really anything can happen, because both support and resistance can break. But I don't believe in 50k this year. That is true, summers are not our best periods and it may not do that well. However, I also believe that we are not going to end up with anything all that bad neither, normally we are used to seeing bitcoin going down during summer as well but this time around I am not expecting it to drop. This is of course a difficult situation because it means that we are going to see some things changing. If something is changing then why are we not seeing it go up? I mean that would not be impossible, if it is not going down then going up is the only logical increase in price. Hopefully it would be a good period and the price has at least a small amount of increase, not a ton but at least a small amount that would be a lot better. |
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I'm sorry for your brother's situation. In my country, people usually can't afford cancer treatment, so they crowdfund it in social media and try to find help of charities as well. Sometimes it's also easier to find a different country where cancer treatment is more affordable.
I agree with others that getting from $3k to $75k with Bitcoin is unfortunately very unlikely. Perhaps that can happen over a couple of decades, but cancer treatment isn't something that can wait that long and rely on something as volatile as Bitcoin price.
This is such a sad story and can't believe that there are still nations like this, I thought China was a communist country, isn't that mean healthcare should be free too? Why is it costing 75k dollars? In my nation, even though we are not even communist, the healthcare situation is handled, we pay about 6.5% of our salary into a pool, and that makes healthcare free, it's governments budget situation after that, if people got sick way too much that year and cost a lot, that means they are going to be down, but they could just print money and increase the inflation because of that and continue, yes it sucks and yes economy is fubar right now, but that doesn't mean we should let people die when they do not have, that's not an alternative, I rather live in a poor nation where everyone has free healthcare over a rich nation where people die when they do not have money. |
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It doesn’t matter at all. This country had no significant contribution in the Bitcoin market at all. I don’t think having its geography near to UAE makes any different as well? They are not dependent country on the nearby countries of UAE so it really matters nothing. In fact any countries adoption or non adoption doesn’t mean anything to anyone. I believe this is going to be just another news in getting printed at some corner of the news paper and thrown in the dustbin after a day or so.
In fact most of the internationals would have never came to know about this news if it wasn’t posted here. It’s just the forum where we hear such news.
Frankly I never go online try to dig information whether any country has banned it or not. It means nothing. Bitcoin doesn’t really care about it.
That's true, this isn't that important and plus we weren't getting like tens of billions of dollars from Kuwait as well, it is only bad for the citizens there who liked to use it, which would not be possible after this current situation but I agree that overall the bitcoin market wouldn't be phased about this at all. Sure there could be some people who might, I would understand something like that but that doesn't mean that it will be too long neither, I believe it is going to be just regular people and I would not be able to think that it would be a bit of a weird situation. In the end we are talking about a situation where it is going to be getting a bit of tougher for people to move on when more nations bans it, so I hope that doesn't happen. |
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Because if he lost two words of his seed, it the rest 10 or 22 words will be useless. He will have to use service to brute force it and if brute force does not work, he loses his bitcoin. Spliting it does not make it more secured but worse. What will happen if one of two words are from checksum?
Just two words, to brute force it would be very easy. But the idea to split seed phrase into different parts is not recommended at all when there are better options like to use passphrase instead, or the use of 2FA wallet, or multisig wallet which are enough to protect your coins if done correctly. Why do people are "losing" these things and why are we trying to find a way to make them work for it? I feel like that shouldn't really be a deal and I feel like we should not really make it work. I just think that we should make sure that people know how to properly store them and just use the things we already have. I get that people fear that they may lose it, so just write it down somewhere and store it safe, why would you want to do something that changes anything. I believe that the results would not be that weird and I feel like it should not be any different. Of course it's hard to have a different approach, because we have been seeing the same type of approach many times over, the reason is that it works. |
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In short, we should always stay on our original path, we should never cross that line. For example, in terms of profit, sometimes many of them have touched their target at the beginning, but they are too greedy so that the profit they should get at the beginning becomes a loss. That is one of the examples where a trader suffers a loss due to exceeding the limits set at the beginning.
Emotions are one of the fundamental things in the trading journey, and it is true that emotions play a role when making decisions. It takes practice and experience when making our emotions work, I mean emotions can be used to make us profitable. But again it takes a process and certainly will not be separated from experience.
I feel like that only works when you know where you should sell at. We are forgetting that not a lot of people know how to pin point where to sell, some people buy because they think they should buy at that price, and sell because they think they should sell at that price, without knowing what to really do. This causes of course a lot of trouble for them but at the end of the day there is really nothing wrong with making mistakes. That is how people learn, they make mistakes to learn and they will end up learning one by one. This may take some time, but it will eventually happen and that is why I believe that we are going to be fine in the end. Definitely not a problem at the start, so people should just fall off the bike to learn how to ride it. |
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CEXs deploy such news calling because they know traders, amateurs like it. They do it also because they want to get as much trading fee from their users as possible. Their users end with profit or loss, they don't care because they know if greed people don't lose all capital, they will return and repeat nearly same activities and help CEXs get more income from trading fee.
That's the problem with trading, the more people trade the more money exchanges get, so eventually if we all end up buying and selling from each other, the exchange will have a share of it and they will own all of it one day, that's not acceptable. This is why I think DEX should be considered a lot more, that allows people to trade with each other while other people make money from it, we all make money and we all trade it and that's why no single person will have all of it. That's how we should approach it at all times. CEX is not terrible, just the idea that they are getting a share of everyone's trades makes it so that they are the sole entity that will own all of bitcoin one day if we keep going this route forever. |
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Will you prefer to trade with AI or you prefer to do the trading yourself?
Bot trading is best if you don't have time to trade, and don't have enough knowledge in trading. But I prefer to trade my own money because I don't believe that bots or AI can sustain in the long run. I have knowledge in trading and I keep on learning new things that I discover from trading and adapt it to my next trades. I know it hard at first but gradually you will understand how trading works and what's the best thing to do if you encounter consistent losses. Since we are humans that have emotions, we have to handle it and avoid being controlled by our emotions, because if you do you can be profitable in the future. If you do not have much knowledge about trading, then bot trading is terrible because the bot trades based on certain things that you need to configure and if you are terrible at trading then you are not going to be good at it neither. I bet that the best thing to do would be making sure that we are handling it ourselves, so that we can use the bot to it's best capacity. I know that it will not be as hard as manually trading, but it's also not that easy enough to make even newbies trade and earn a lot of money. A lot of people tried to build something that people could make money from without ever knowing a single thing, nobody has achieved it ever. This is why everyone should be considering the situation a bit differently before approaching it. |
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Every trading we made we gain experience not all the time we win the trades this serves as a lesson to us what are the things we need to fix, another thing is if you didn't apply those mistake you made I guess you need to make changes to your self we learn from those to prevent this things might happen again use this to serve as a lesson to you so you don't repeat it again. Another thing is people keep doing a single coin holdings or making a single pot of asset if those asset falls down all of your investment goes down too ideal to separate and scattered those funds so you can still win in others if you didn't mange to get profit to those some investments.
This is why I do not "hate" losses, specially if they are not huge amounts. For my personal amount, if I made a mistake that is under 100 dollars that's good enough for me, I know that's very little for some people but for me that's just fine, if more then it is going to risky situation. Why do I not "hate" them, because I can see what I did wrong and that way I would be able to actually make a profit off it as well, that's not really all that bad and I think it is going to actually help me on the long run. That mistake you made for a low amount could turn into a profit that you made for a big amount in the future if you learn from that mistake. This is why I believe that it is quite good to make sure I can make a good profit by learning from them. |
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They'll never be a good time for memecoin, it keeps failing investors and similarly investors who lost money through memecoin wouldn't dare invest into good cryptocurrency projects like bitcoin and ethereum. Some people see memecoins as an opportunity to maximize their profits or feel like early adopters, yet they get disappointed with the results that follows memecoin. They've got no use case, which is a red flag to the durability of its price. Except that Elon musk hypes dogecoins its price wouldn't have made any advancement during the 2021 bull run. They depend on hype and that's a waste of the naive investor's money.
I only wish people would see this, it is so obvious that memecoins are terrible and will stay terrible, the fact that people can't see that is beyond idiotic to me. I know that it is not going to be that easy and all, but we need to make sure that there are also no problems about this as well. Why would memecoins be going up anytime soon? Why would anyone think that it will go up anytime soon? People should realize that it will not and they suck and even if they do that will cause them to lose a lot of money when it evidently crashes. We need to make sure that we talk to people about these parts, because if they just buy it without answering these, they are making a big mistake and should not be worried about it for sure. |
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Once halving will happen and bull runs will trigger, there will be no doubt about the increase of some active altcoins that we have today because they are relying on bitcoin prices too. We just need to know what altcoins to choose because others might not gonna be increasing due to the fact that their developers have no interest to update their projects. So it's better to choose the right altcoin that has some active development and also has promising road maps and they are actually making some progress with it.
There are still some people who doubt the situation and think that "maybe after the halving price may not go up this time" and they are going to regret that if they think like that and not move on their decision. It's obvious that we are going to see bitcoin end up being something that will be much bigger, and we need to make sure that bitcoin is not at a level where it's going to hurt people right now and help people in the near future. With halving that will come, and we just need to wait a year for the big increase to start, halving is less than a year away, and considering that we are going to end up with a good result after a bit of time passed after the halving, that means we are going to be starting about this time next year. |
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I often run into this kind of thing and unfortunately it's just a "bug"  I agree with you that if we have to regularly check our wallet or token prices because of price increases no one knows. I once got a token from a bounty and I didn't sell it because the token was not listed on any CEX or DEX, after a few months I checked again and the token was registered on the DEX but unfortunately the good opportunity has passed. This is the type of thing that matters a lot because people do not know what they are looking at. At the bull run I remember clearly there was a lot of a dust attacks, like people would send small amounts to people so they would join their project, and when they connect the wallet they would empty the wallet instead. This happened to literally thousands of people, and it was such a situation but even after the first few people warned against doing that and told people not to do it and yet people still did it. I don't understand why people are doing this, like even after being warned, why would you still keep doing it. In any case, it's exactly like you said, and there is nothing further to check about the bug itself. |
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You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
Meme coin is always risky for the fact that to many of those created token are just for scam so you need to be careful on your investment and don't expect to much since that's what scam devs like since they want you to hold while them are dumping. If we talk about effect well nothing really since the market of meme coin is not so huge and even though the hype is growing then maybe scamming is happening still it cannot affect the market as a whole. I agree that it's a useless risk people are taking with these and there is nothing to do about this. I believe that we can't really do anything regarding this situation and we shouldn't really be bothered about it neither. I can't say that we can't really do much about it in the end, because it is going to be a different situation but at the end of the day if we are talking about memecoins then we are going to be fine and there is nothing to miss there, I can just not buy them and buy something else and make money anyway. I would rather not take any risk at all and buy only bitcoin rather than risk my money with meme projects. Not many people understand the useless risk part, it is really terrible projects all around. |
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As long as CBDC is Centralized (as the name suggests) or as long as Centralized Financial system is concerned, expect its ideals/principles to be in complete opposite of the ideals of Decentralized currencies like Bitcoin. Besides, Fiat or National Currency like the CBDC would have to be in accordance with existing national laws that guide the modern financial system. Such laws cannot guarantee users privacy or prevent accounts freezing, as long as centralization is concerned. So, users should not expect their fundamental rights not to be violated by Central Bank, governments or others.
CBDC will always remain to be centralized because it was a product of a bank and a bank is also centralized. It will remain to be this way because this what their advocacy is. They can't guarantee privacy but they can guarantee freezing of accounts most especially if they see a suspicious activity on ones account. If we are using their service, it's of course better to stay positive and don't think that something bad will happen to you even if you know that it's possible to happen at any moment but if you are getting paranoid, you are always free to leave them and switch on something that is decentralized like Bitcoin. We only need to make sure that we don't store it on centralized exchange or on a custodial wallet. |
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There are some things that don't get worse no matter how bad the economy gets. And as an example you can take gold as its price has only been increasing for ages. And I also think that bitcoin is the digital gold. And that's why even if the economy is going bad, Bitcoin is not going that way, Bitcoin is going by its own rules. And it's not the fiat currency that will go recession with the economy.
Gold has a finite supply because we can only mine the gold on earth and one day there won't be any gold to mine anymore this is why gold is considered an asserts, Bitcoin also has a finite supply as well so this assets can always be moving in an opposite direction of where the economy is heading. People are looking for where to invest their money and this assets are the best things for investment at the moment. The recent pumps of the market is in response to the halving of Bitcoin reward that's been scheduled for 2024, since that's just next year investors are buying Bitcoin and this act will keep making the price to rise. The recession has nothing to do with the rise of bitcoin. Gold and Bitcoin both have limited supply, which means that the price of it will go on as long as people find it valuable. There are a lot of people who think gold is valuable and it has been thousands of years like that, and some people worry that bitcoin will not be like that in the future because it's a tech thing and tech evolves whereas gold is gold, there is nothing to evolve. But I believe that as long as we keep believing in bitcoin, then it can have a similar future, or at least in our life time which we should be careful about. So all in all, I believe it's not a bad idea to trust bitcoin to be higher, and reach to gold levels one day, not anytime soon, but it has the potential to help us during these type of periods. |
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The main problem is that we must have people we can fully trust to be invited to work together in growing the common economy including in investment and the like. Working with other people I think is quite difficult. because building trust with other people is quite difficult. but the example reported by the OP is 4 siblings from Arab countries. and I know that brotherhood in Arabia is very close so they can build mutual trust well. Maybe if my brother is willing to do it with me. so I can think of this idea too.
But I will only do it in certain fields. like working together to buy a large land property. Because land property can be distributed evenly after purchase. even land ownership documents can also be broken down into several names. so in this investment field maybe I think this idea is pretty good. but for other investments like not suitable.
That is very hard to meet, I mean how could you get together with bunch of people and pool your money together and trust them? It would be pretty difficult and I believe that there will be some troubles. This can't really be done perfectly when we are talking about just the regular people and only a few of them getting together, it's just not that easy to handle and we need to arrange something totally different. It is not going to be much of a big deal but it also can't be done any differently. I believe that we can't really have anything major, but it can't also be done in a way that would be different neither. I hope that we can move on and do something much bigger, and we can't really change it that much. |
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This isn't true, BTC halving doesn't happen every year, to calculate it better you have to use mined blocks and so the block reward gets halved after 210,000 mined blocks. I would not tell people to 'prepare' for BTC halving, it can make them to become desperate or invest for the wrong reason, take note that BTC isn't a get rich quick thing. I will recommend that people buy BTC because they believe in it and know what they are getting into, for example buying with dca years before the halving is a more orgaic approach and with lower risks.
I have to agree with this. Bitcoin halving does not mean that bitcoin price will rise immediately and that people will expect a get-rich-quick that time. No, it will still take months before the price will create a significant effect. However at some point, bitcoin halving only create a very small price increase, the reason why we should not be overwhelmed about it. Instead, we should invest through DCAing because it has the biggest potentials to succeed in the future, and not because bitcoin halving is nearly approaching that everyone will expect to get massive profits. It may not mean that the price will rise right away, but at least it means that we are going to do fine, and that matters, that difference matters. Also maybe it will not go up right away, but it will certainly go up after a while and that means good things. Bitcoin price always goes up after the halving, that has been the case so many times in a row now and I do not think that it will change anytime soon neither, we are going to keep seeing that happen one way or another. This is why it's quite important to see that type of difference, it matters and we should care about it. It's a difficult thing to trust the future, I know that, but at the end of the day at least trust the past and how it has been after each halving. |
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Hello, everyone! Do u guys think that Bitcoin or cryptocurrency is going to replace modern currency? In a near future?
That answer will remain unknown for now, because I don't think the government will be that friendly with Bitcoin still, there will be a thin line between Bitcoin and Fiat/CBDC even if ETFs are approved or somehow the government leave Bitcoin be for it's people, if there comes a day where Decentralized currency is acceptable by the government I will be shocked. Bitcoin was created to go against these people (Centralization and the Government) and they know it, that's why they don't want to see it prevail, yet they are doing all they can and it's still not working. Bitcoin and Fiat will co-exist but the replacement of Fiat with Bitcoin is never going to come true. Governments are getting a bit more "friendly" towards bitcoin, which can be seen from them not being friendly with some other stuff. Like things such as XRP and many other things are considered securities these days, and those companies are considered business and the token is considered securities and that means they are subjugated towards another law, and that means a lot more important things and should matter. I am not saying that we shouldn't really be considering how we could change that, but at the very least we could fight towards making sure that bitcoin is not. Also even exchanges are getting attacked which means that Bitcoin not getting attacked is the proof we need that they are actually fine with bitcoin. |
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It looks like its getting tough to break thru the barrier however keep in mind that when it comes to crypto price action. When we are consolidating on resistance, its usually bullish. And same if it consolidates on support, its usually bearish.
Remember 2017, we kept touching the $6K area and basically went nowhere for many months. Many people assumed that it was the bottom when the markets havent moved in weeks, and then in November we finally broke thru and it was a nasty crash. I think its the same setup here only opposite.
That is the point of reaching the peak, it doesn't matter if you crashed too hard or went up too high, when you reach to a price where it just go anymore, it starts to go other way around. Like when we reached 20k in 2017, that was the highest we can reach at that point, not reached, we could reach, there is a difference, we can reach higher normally, which we have seen with 68k recently, it's that we could not do that at that time because we didn't had more money in the market, after that we had more and went more. Same with crashes, it can go down a lot but then it will go up a lot after it fails to go down even more. So we need to be careful about checking where is the biggest and where is the highest levels that we can reach. |
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I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
The one thing that will break our momentum to hold until it reaches $100k is the market volatility and FUD, we never want to miss our accumulated profit, it's ok to HODL but if you keep missing your accumulated profit and you dedicated your coins to holding until reaches a specific price is not good and you are losing a lot, we have to realize our profit from time to time, this is the reason why we need to follow the chart and the market. The theory of buy low and sell high always applies here in Cryptocurrency, it's not your dedication to making a profit in the future but to gaining a little profit when you can as the market moves from bear to bull. I honestly feel like I do not care about the market when I am holding, like it doesn't matter at all what the current price is. Maybe that's just me but that doesn't mean that we are going to be doing fine. I know that it is going to be a big deal if people ended up doing something else, but that's just how it is and that's how it all works. We are going to end up with a trouble one way or another but that doesn't mean that we can't do anything bigger. I feel like whatever the current price is, at any given moment, in the future it will be higher and that's the type of mindset that allows me to hold with ease. I have held during 2018 and I have held during 2022 as well, which proves that holding is easy for me. |
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