I think the main purpose of making stable coins is not to kill the dollar. Stable coins are made to secure assets from cryptocurrency that has high volatility. so that with a stable coin we can store our money safely without worrying about price fluctuations. and if we want to buy more crypto then we can exchange stable coins for the crypto we want. and maybe indeed in the future cryptocurrency can reduce dollar dominance.
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bitcoin and blcockhain technology have become a new breakthrough in our economic system. and I agree with you that Satoshi's main goal in creating bitcoin is to save us from the catastrophic global economic crisis caused by the banking system. and gives us freedom in managing and managing our money. and makes it easier for us to transact between countries in the world.
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investing in cryptocurrency can indeed change our lives quickly especially can change our economy for the better. but I think it's very difficult now to find a successful new project. because some new projects are scams. so I would rather choose the top coin than invest in a new project. and I also continue to try to increase the number of coins that I hold. everyone has their own way to succeed in cryptocurrency.
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at the moment the price of bitcoin is almost touching the price of $ 8k. and I think this is a good start for bitcoin. I hope this is a sign that 2020 is the year for bullish. and this year bitcoin will be reduced by half. and usually after halving bitcoin will go up to the moon and reach a new ATH. if in this year bitcoin can reach a new ATH then surely 2020 will be a new history for the development of bitcoin.
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in my opinion why up to now bitcoin hasn't been able to achieve mass adoption because of its high volatility. because of this volatility most bitcoin holders feel loss if they use bitcoin for payment tools. and they also think that there is already fiat money that can be used for a means of payment. so most bitcoin holders only use bitcoin for investment and trading. and also at this time is very limited the number of stores that are willing to accept bitcoin and also some people we also do not understand bitcoin. so I think it will take a very long time for bitcoin adoption.
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yes I am also optimistic that in these weeks bitcoin will reach $ 8k. and if bitcoin continues to increase at the end of this January then I'm sure the beginning of February bitcoin will reach $ 10k. and in my opinion the reason for the rise in bitcoin right now is the conflict between Iran and the United States that has increased the value of gold, oil and bitcoin.
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yes this is a great start today bitcoin almost touched $ 8k. hopefully at the end of this January bitcoin can reach $ 10k. if bitcoin can reach $ 10k at the end of this January I am optimistic that bitcoin will be a bull run this year. although maybe bitcoin will go down again before it halves but I think the dump won't be big. these two years we are on a downward trend, hopefully in 2020 this is an upward trend.
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can you explain what is meant by sharia coins? in the cryptocurrency market there are now thousands of altcoins and only the highest altcoins can survive in the crypto market. and bitcoin, which is the mother of all altcoins, can be used as a global coin that can replace dollar dominance. so if bitcoin already exists and has been proven to have good performance for what we make new coins. I think bitcoin is a good coin used to reduce dollar dominance.
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the current price of bitcoin is still at the level of $ 7k I think there are no good signs for the crypto market. and we cannot equate the current condition of the crypto market with the state of the crypto market in the past. because everything has changed. I think we can say a good sign if the price of bitcoin can leave the level of $ 7k and then continue to pump until bitcoin reaches $ 10k before bitcoin is reduced by half.
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Whats Ur take on that?
War situation USA Trump Economy and crypto Currrency?
Do u Think that current situation have any impact on crypto?
The current situation might affect the both the economy and crypto industry. If the tension in Iran gets worse investors and people will find a way to move their financial assets effectively and crypto is one of the best option, but who wants another war anyway? I hope the tension will be resolve and both parties slow down their anger. yes i also agree with you if the situation between iran and the united states heats up then iran will move his assets into cryptocurrrency. and maybe this will have a good effect on cryptocurrency. but I hope this war will never happen. no benefits can be gained from war. only sadness and loss are gained. I hope relations between the two countries will soon improve.
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I think bitcoin has its own ecosystem which is not affected by world political and economic conditions. and this conflict between Iran and the United States will only have an impact on oil and gold prices. and rising oil and gold prices will not have an impact on the price of bitcoin. but if the Iranian government decides to move its assets to cryptocurrency it will certainly have an impact on the crypto market.
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This is interesting information, so we know that even in 2019 bitcoin has not reached bullish bitcoin, but it still provides a bigger profit than other investments. bitcoin has a high risk but if we can use the volatility well we will get a profit. we can use bitcoin for short-term investments or long-term investments depending on market conditions.
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after the ICO project died, the crypto investors switched to investing in another fundraiser called the IEO (Initial Exchange Offering). IEO is fundraising managed by exchanges. and in my opinion only IEO that comes from exchanges that have a good reputation that can be relied upon because I hear that there are also many IEO scams that are IEO that come from small and unfamiliar exchanges. so if we want to invest IEO choose IEO that comes from a large exchange.
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choosing to invest in bitcoin is a good choice. but if you are a beginner then you should invest as much as you can afford to lose. because investing in bitcoin has a big risk. and you also have to do your research seriously before buying bitcoin. do not rush in every decision. and often to read threads and discuss cryptocurrency in this forum. long or short term investment depends on your decision.
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yes i agree with you op it is better to get a little profit but it is real rather than continuing to hold coins in exchange and hope prices continue to rise. but in reality the price does not go up it actually decreases. now I also prefer to make short-term investments if the coins that I hold have experienced a 10% increase I will sell and take profits. and when the coin price goes down I will buy again. I think this method is more profitable than long-term investments that have to wait a long time to make a profit.
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of course the big thing that awaited after bitcoin halving day is bitcoin can be bull run. 2020 is a hopeful year for all crypto holders to hope that this year bitcoin can reach a price of another $ 20k. and also hope that after the bitcoin bull run the altcoin market can be green again. because it's been two years the red altcoin market and most of the altcoin has lost its value. I hope Bitcoin Halving Day has a positive impact on the cryptocurrency market.
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the anonymous and decentralized nature of bitcoin is very easy to manipulate by big traders or whales. but in my opinion the pope won't continue to manipulate the price of bitcoin because at this time bitcoin already has a large community. sometimes the price of bitcoin is also influenced by the news. bad news about bitcoin or FUD will make the price of bitcoin go down.
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in 2020 I will continue to survive even though my bitcoin dump will continue to hold and hold. I believe bitcoin will pump after being reduced by half. and if this year bitcoin doesn't pump I will keep holding and I'm sure in 2021 bitcoin will be bull run. bitcoin is not an investment tool that makes us rich in fast time. to succeed in bitcoin investing we must be patient and wait not to despair.
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Most bitcoin holders expect and predict bitcoin prices will reach ATH $ 20k after being reduced by half. and some predict that bitcoin will reach $ 30k later this year. I think their expectations are too high. my prediction is the same as op in the last quarter of this year the price of bitcoin is $ 15k. I did not expect too high because I know the current state of the crypto market from the 2016 crypto market is very different. so I don't think bitcoin increases will be as high as the previous year.
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in 2020 all bitcoin holders expect to increase bitcoin. because in May this bitcoin will be reduced by half and it will make the price of bitcoin increase. and this year the stable facebook libra coin will be released. This will make people more interested in cryptocurrency. and hopefully the big things happening in 2020 will make the price of bitcoin pump and make the crypto market bullish and make the altcoin market green again.
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