I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.
Well, they sold today at at the dip near the $4000 double bottom.
The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.
If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.
As of this moment i guess that there are many panic seller because bitcoin market price gone strong a while ago but then it does fall so fast and now were heading back to the baseline of bitcoin market price. I do not really know if this is because of panic seller of there is manipulating the market price for bitcoin in preparation for the upcoming months for bitcoin market price to soar high. |
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I do not personally encourage other people to join and invest in bitcoin as we all know that bitcoin has a high risk when it comes to its volatility but somehow it could be a positive way to acknowledge and take advantage its volatility by buying , holding and selling bitcoin. However, the people i just met here in bitcointalk.org has in common and that is to earn on bitcoin investment. So what will you expect to encourage them to join in bitcoin when in fact they had already got in and join in already?
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One thing to say mining bitcoin consumes a large amount of electricity and it would take lots of equipment to manned the mining. There should be a development in making the cost of bitcoin lower; given that lower mining cost could yield a higher profit. However, it matters on trading and exchanges.
Yeah for now bitcoin mining would not be that good because of the current market price for bitcoin which is down. So probably bitcoin mining establishment for now would take lesser bitcoins in the process because of the market current situation. Anyway if bitcoin will go strong again then it would be good for mining bitcoin also. |
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Well you have failed also to understand why bitcoin was created. It is to decentralized the form of exchange in the near future not for now but it has already started on a small part where in decentralized currency could be applied. As we all know that the reason for this is not only for the medium of exchange and its objective had already attain and that is what we are profiting and earning for now the buy, hold and sell.
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More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.
Merchants will drop bitcoin support if we can't get segwit + lightning networks to cater for global merchant adoption. It's the only way out, if we can't get this shit together and working, bitcoin will just stay with it is, and will probably stagnate in price. Maybe there could be true about the use of cryptocurrency for business and as a business itself already since there are many kinds of business created out of cryptocurrency like mining crypto, and involving on the exchange of it then of course the buy and sell process. THese are already business being created by cryptocurrency and i strongly with bitcoin that being formed just like other business. |
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Is it really true? I am still not convince if bank really does store your bitcoins and not in fiat. As we all know that these banks are only use to store your fiat money and not your crypto. Maybe you say that you had deposited your crypto and exchange it to fiat where bank had accepted it not the crypto itself.
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Just that... do you think there is any re-distribution effect at all due to bitcoin?
Yes it is because in cryptocurrency there is a high risk and if you invest on it then there is a possibility that there wealth will be distributed evenly if they do not know how to invest wisely on this system. But as we all know that the rich people does seem too good when it comes to investing their money on this system. They even know when to buy hold and sell. |
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Yeah bitcointalk is still alive and kicking. This is one of my favorite forum for cryptocurrency. This will help me to decide or think whenever decisions to be made by reading some informative information in the forum. However, there are new forum also that has the capacity to create a simple, fast and easy discussion for cryptocurrency.
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Actually we do need central bank even if you had explained well on the use of it but still you do not consider the exchange from fiat to crypto. As we all know that some of these local exchange will not going to receive directly fiat money in order for them to let you exchange your fiat to crypto. So local exchanges in short may use the third party to enable sure transactions process especially if it involves huge amount of money.
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All of the crypto in the market are good except those coins that are forgotten and being abandon forever that there is no even got the chance to grow because the project is dead. However we can say directly that there are certain crypto out there that are relatilvely good and i would recommend you to invest on eos. Eos has gone so far in terms of market price increase and it will since bitcoin market price is still moving upward.
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Well we do not know if this could be possible because there are mining equipment that relatively do not use much power for a system to mine a crypto. And the mined crypto also is not that huge so we can conclude by unit that it will be a small amount if possible in mining on it.
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This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me His Address 166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL Final Balance 103.20832384 BTC So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used  He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying." So sad that you could not be able to get your BTC after losing some important details for your account. Well it is so hard to retrieve the private key since you are the only sole person who can open your account. Even those development team who made the wallet available to the clients do now know also on how to access each and everyone digital wallet. |
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this is good news for the crypto community as more countries are now legalizing the use of cryptos. but i do think that this only has a little effect on the tourism of the country.
Definitely another milestone that bitcoin system has reached and achieve through other countries that are inspire with the system. Congratulations on thailand is now one of the country who accepted and embrace the use of cryptocurrency. Now thailander can trade on their favorite crypto. |
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It is a good practice to give a donation especially in the church without taking credits because the money we receive or we can consider it a blessing comes from the above or the provider. Anyway we should encourage more people to this and of course this churches should be inform about creating a digital wallet and how to exchange bitcoin to fiat money so that the donations could be use right away.
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Yeah of course i still love ETH because it has a lot of possibilities that it will be one of the best crypto and achieve as what bitcoin do. As we all know that ETH has still a lot market price to play like bitcoin do. If ETH now has more or less 400 - 700 USD per ETH it could still play at 6k USD up to 19K USD and that is why i do love and support ETH. Aside from that most of the crypto are ETH platform base. So most of the crypto are being held by ETH.
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Facebook does always introduce cryptocurrency on their ads specifically if that country is accepting and embracing bitcoin. However, if a certain country would ban the use of cryptocurrency of course facebook should respect the decision of the government on that country and thus include also banning the ads for cryptocurrency. This is the way facebook is operating.
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There is no relevance with the use of bitcoin in those developing countries on their economic. Though we consider developing country as poor country but it doesnt mean that the investment on the people with bitcoin during the inflation rate will affect on the economy. The economy of the country will determine on how success and production or the growth of that country still depend on agriculture and industrial factor and not with bitcoin.
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I am looking for a link that could to this good news for all the russian people who do love and engaged already in cryptocurrency. Well if this is true then definitely there will be a good pump up of bitcoin market price in the market. This is what we are waiting for to here of course and since russians do like cryptocurrency adapting to it and legalizing it meaning to say that this could be an opening for more good opportunities for crypto lovers and for the cryptocurrency system.
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No probably my strategy regarding on that matter is that sell those altcoins that are not so good when it comes to volatility or its coin utility and trade it with bitcoin. We should remember that bitcoin is the only dominant crypto in the market and all others are just altcoins even the establish one altcoin which is ether. My faith is with bitcoin and i believe also in altcoins.
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People sell BTC especially seeing others also selling their BTC and you can find that one out when market price for bitcoin relatively within just hours or days the market price fall. So if you are holding and had some profit already on it selling BTC would be ideal before market price for it fall down for more. We do not have any choice even if we love to see BTC to go high yet the investors are selling it already. So if you are just planning to for a short time holding then better always check bitcoin market price movement at coinmarketcap.com for it.
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