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To my opinion this is also another theory that isn't proved. The only thing that really influence the price is supply and demand ratio and everything else are side effects.
Halving might have certain effect but that is usualy not significant and long lasting.
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I just don't know why som Bitcoin users are so obsessesd with governments and theories about ban of Bitcoin. That is not going to happen and don't bother so much with different conspiracy theories.
Yes, some governments are trying to regulate Bitcoin which is natural and sooner or later will happen in most countries but that is not a ban or"shut down", the expression that is used here.
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I know there are some traders who count on pure luck. They think they don't need expertise and knowledge about cryptocurrencies and market. Such approach isn't for long term, you might have some beginners luck but that will past very quickly and soon you will find yourself in situation that you face losses and don't actually know what are you doing and why.
Such traders often think trading is like gambling, that is why they have such attitude.
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There is never exact reason or answer when Bitcoin is involved. We all know that Bitcoin is volatile and different factors and different conditions in the market could lead to price change, often without simple explanation and with influence of combined events. So don't look for a reason for every price dump or pump you will not find a traceable pattern.
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Overtime fiat money will get worse, even more than it already is. And I think we are already experiencing it, bit by bit. I don't know what will the government do to prevent this or to slow it down. But considering how people treat Bitcoin right now, it's inevitable Things are obviously more complex than that As they say (well, actually that is what I say), not all fiats are born equal, and if the US dollar inflation is in fact quite negligible (while we shouldn't compare it on its own apart from the changes in wage rates within the same period as the latter are rising too), this is not the case with almost any other fiat currency out there (except for a few top currencies like Euro and Swiss frank). So the government, or rather governments, are not going to do anything about it for the simple reason they are the cause of price inflation and, most importantly, they are the ones profiting from it It's illusion to expect that cryptocurrencies will replace fiat currencies in any way. Yes, some fiat currencies suffer from inflation but this has happened many times before and not all fiat currencies are the same and in same position. So expecting from governments to react isn't realistic. Don't forget that very small number of people in the world is using cryptocurrencies and that is not going to change in some dramatic way any time soon and that is big issue in terms of biger success of cryptocurrencies on a global level. |
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I can't see how this could be possible. Cryptocurrencies are highly volatile and unstable, would you like that economy of your country is based on currency that isn't reliable? I don't think so.
Also, there is a problem of limited number of coins in case of Bitcoin, lack of regulation, transactions speed and much more. Countries can't afford to depend on cryptocurrencies.
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I honestly hope no one will follow such advice, this is very childish and not worth serious comment. This can't be serious. The best thing it would be not to live a life at all, just make money on.all possible means but I don't see the purpose. This was probably written by a teenager.
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This is a funny opinion and just shows how little some people know about the Bitcoin and the market. Obviously they are not involved in Bitcoin long enough to be aware of all advantages.
Bitcoin is still the most profitable on long term so you have to resist urge for panic selling and hold long enough to see the full effects.
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I have to say that I'm always very suspicious when it comes to new crypto related apps. Too many of them are designed for scam, not for benefit of users.
It's hard to control such apps but they all should be properly tested before put into production and personally I would never use any app that that wasn't from some legitimate source and has certain level of trust.
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One of the good things of bitcoin is its power as a decentralized storage of value and asset which are mostly needed by countries that are having problems and crisis with their own currency and country. The riot in Hongkong serves as a threat in hongkong nationals in losing their country as well as to the government they have. In relation to this, they are threatened with the possibility to lose their freedom and assets, and maybe this is the reason why they choose to put their assets in bitcoin because of its potential in the future.
But Bitcoin as a storage of vallue is very volatile. On that way they might also loose their assets because there is no guarantee of positive movements. Bitcoin can't help countries with volatile currencies and economy because it's volatile itself and they need stability for progress. It can only help individuals who are good investors or trader. |
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Just don't rely on such predictions or make decisions based on them. No one can't really know where is the bottom and how deep the correction will go this time. Recently some said that 7000$ was the bottom but the price is even lower now and there is possibility that it will fall under 6000$, who knows. Just wait for couple of days and be patient.
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I would always choose Bitcoin. For me this is the best investment and although there are some prosperous altcoins like Ethereum,Bitcoin is still the most profitable and with best perspective for the future.
To my opinion too many altcoins appear almost on a daily basis, most of them expecting to be competition to Bitcoin but many of them are just the waist of time and resources.
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Usually, price falls slightly on the weekends and the bear pressure continues to squeeze the bull side of crypto traders. The major altcoin pairs will go to check the dippest level of charts and the higher dominance rate also affect the total altcoin index. The risk management is necessary during the volatile trades, I use stop-loss orders in case of a flash crash to the next support level, it is impossible to keep under control leveraged trades too.
I assume many investors are waiting for their fiat transaction to clear on Monday. I strongly think that we will have some sort of upward pressure from Monday on up to the CME future contract ending on the 29th of November. This is one possibility but there is no guarantee that Bitcoin price will rise from Monday onwards. This doesn't have to be only weekend correction, it might last a while. However I don't expect for price to fall lower than 600O$ if even it will go that low. |
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Blockchain technology will make banks control their money and customers thoroughly, helping avoid losses. The application of blockchain to banking services also increases the speed of money transfer, reduces costs and helps ensure customers' money is safe.
It's always the efficiency that matters most when it comes to business and there is also the transparency to help review the overall transaction because of the fact that blockchain always write down all the transaction since it was created until the latest block. I could definitely understand that for Bank instead of waging a war against it they adopt it. Although all these thing are still experimental in my eyes and doesn't guarantee that it will bring that real value to the Bank but we will definitely see in the future. Efficiency and costs, that is what matters in.business the most. So if blockchain could contribute to more efficient business with low cost then industry will embrace it, including banks. I'm sure that banks are testing blockchain on a large scale already and they are aware sooner or later they will need to adjust to the clients needs and desires. |
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I think that panic started as soon as the price dumped below 8000$. There are always new and unexperienced Bitcoin users who react on every negative price change so there will always be a panic sellers. Also, some people will never actually learn how market works ans that corrections are normal part of volatility process.
Don't sell.and panic, hold and buy some more.
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Good investor never invests more than he can afford to lose and always diversifies his investments.
Maybe we can't predict the Bitcoin price but good investor will always closley watch the market be flexible enough to adapt and react on time. To become a good investor it takes time so good investor will never hurry, it will never be greedy and let his emotions drive his decisions.
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My biggest concern about Bitcoin and other cryptocurrencies is security. We are facing bigger and more and more sophisticated challenges regarding safety and security startnig with exchanges, scam.and phishing, hackers attacks and similar. And the protection still isn't on satisfying level and with time it seems these issues are becoming more and more present in crypto world.
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It's clear that bitcoin is indeed the best for investment because when years passes by the price will eventually rise. But there are things that those experts tried to predict that somehow the price would reach $50,000 to $200,000. From looking at the chart on that site $200,000 is not too close within 5 years. I guess maybe in 10 years before bitcoin reach that $200,000.
Bitcoin only reached $ 20,000 ATH in 2017 in December, so far the price of bitcoin still hasn't exceeded the price of ATH in 2017 so I don't think experts can 100% believe that a bitcoin prediction of $ 15,000 is difficult, so reaching $ 200,000 too far in my opinion. There is a lot of people they are trying to predict what can be the future of the cryptocurrency because some of them know how to read the graph of the crypto, today the price graph of the bitcoin is very bad. Still, if you try to look at the previous years, that kind of movement is just typical for the end of the year, but the next following year it can grow up again. It takes time to earn more profit on bitcoin. Some techniques we can do to make an easy profit is to hold our coins and wait for the right time to trade or exchange for getting a benefit. May result of the loss of income if you panic sells because of the graph you are reading for now. In the long term, you should know the previous prices and when the peaks come. Yeah, many people would like to know how the future of Bitcoin would llook like, will they earn profit or suffer loss. But I don't think that graphs and technical analisys can actually help you with that, they could only be kind of guidelines. Sometimes with Bitcoin you also need a bit of luck and a hunch, to rely on your experiences. I don't think that Bitcoin has a pattern that you can follow. |
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We have two extremes,100$ as a lowest level and 1,000,000$ as the highest level which all, to my opinion, are exaggerated and not based on real analisys.
This is probably just for someone's fun but it can't be taken for real and doesn't have any value for the situation on the market.
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Some say it's China, some say it's Trump to blame because of recent price dump. I don't think none of that is true and neither of them has anything to do with Bitcoin price. Such theories are not relevant to me and I don't think that any government or politician has the influence to significant impact the price. But I understand that Bitcoin users always need to have someone to blame.
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