Today the price is up about 2% but still around $19k, hopefully it will return to $23k tomorrow or the day after tomorrow, and the next target is July can return to $40k, nothing is impossible because rising tens of percent has happened and often happens in a day.
I don't expect a $40k soon, we are in a bear market so the price will likely go down. Actually, we can consider the current price as the bottom already as it's very cheap versus its ATH, but it's up to you. It's okay to remain optimistic but we have to understand the current situation and we can only do that if we are realistic. It's currently sitting $21.700, seeing an increase of over 7.12%, which is interesting and I'm curious if something specific triggered this small price rally. Nevertheless, it's quite doubtful that it'll continue, chances are, due to the economic recession that we're bound to go through, Bitcoin will be no exception to the rule. |
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From my point of view, this exchange seems to be going downhill, it charges extravagant trading fees, 0.5% compared to 0.10% Binance's. It's the main reason I quit the exchange and never plan to return ever again. I received multiple emails to upload more documentation or they'd close my account, despite it being inactive for over a year.
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I've come to terms with waiting a few years before I can see a possible recovery in order to sell, I'm not too worried despite the upsetting situation in the market and the economy in general. Having made that mistake in the past, where I abandoned Bitcoin in 2018, only for it to recover two years later, rendering it one of the largest mistakes I made involving cryptocurrencies, as it was an opportunity that could possibly result into thousands in profit.
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Unemployment will never be 50%. That’s crazy talk. The world would be pretty much on the edge and ending if that were to happen.
If it did then most stocks and crypto would be useless. Nobody would risk buying crypto in a major major depression period.
We might get a recession but it won’t be that bad.
50% is extravagant and such a scenario would definitely suck, however, it's an extreme hypothesis which I doubt that it could ever turn into a reality. However, youth unemployment in Greece is up to 36.8%, according to EU Social, their data is sourced through Europa.eu, which is a reputable database for a variety of data, including Covid-19, Unemployment, GDP etc.  |
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I think that 2023 will be a good year for BTC (arguments are presented in the thread)
The develpopment of digital technology, the search of a new thrive markets where obligations are slim, and in-stability of stock markets due to inflation will direct those, who are seeking a good investment into cryptocurrency. And there we all will benefit from.
While on the one hand I do believe that due to the advancements in technology and the recent publicity, cryptocurrencies received the past few years, Bitcoin would thrive. However, on the other hand, the ongoing economic recession, the war and the increasing inflation isn't a healthy environment for any kind of asset. Don't forget that cryptocurrencies are closely correlated with the stock market, thus, don't expect much if the situation doesn't improve. |
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As a member who joined in 2014 and has quit two times already, I'll explain why I abandoned the forum twice. The first one was somewhere in 2015, I was mostly a lurker and quite young back then and quickly lost interest. The second time, however, I was an established user, had joined a signature campaign and was active in the forum. All things took a major turn after 2018's crash, in which I got completely disappointed and abandoned everything altogether.
Thus, the main reason for quitting was Bitcoin's crash, would that make me leave forever though? I guess only if it zeroed out, which is highly unlikely. Only extreme lack of time or sickness would now prevent me from being active in the forum.
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I have noticed that a lot of people from outside of crypto have been making fun of it recently, something that didn't happen in 2018. This means that a lot more people are aware of crypto these days than before. This mocking from wider public could be somewhat demoralizing to Bitcoiners, but it won't last long, because people will lose interest. And then during the next big bull run Bitcoiners will be laughing at people who are laughing at them now.
Their mocking it, and their gloating when the price of bitcoin plummets, but surely their joy will not last long, the bear season will have to end and we will have the opportunity to do it against them. Some people who laugh at bitcoin because they hate people who got rich on bitcoin and they think they missed something and now they feel ashamed for not being equal to bitcoin holders. Once bitcoin is mass accepted they will take down the video soon they will be ashamed of what they did. Why are we so serious about it? Trust me, MrBeast has plenty of money and has no interest in mocking Bitcoin. He's literally making millions by going viral with his every video, while having multiple channels racking up millions of views every day. I even joke about Bitcoin with friends or groups, despite my money having lost more than 2/3 of their value.  |
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Happy 80th birthday! Wish you the best.
I bought my first car in 2017, I was 19-20 years old, so I'm pretty fresh at driving. Petrol was still considered expensive back then, costing an average of €1.50/liter for 95 unleaded petrol. It only became cheaper during the first quarantine due to Covid-19, reaching €1.30/liter.
Currently the average price in my area is €2.45/liter, filling up my car would cost more than €110, while the max I'd spent the past years would be €50 - €70.
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It does. And it doesn't make me feel good at all. That $30,000 was a long battle. The price rose several times beyond that but it also lost hold of that several times. But whenever there was a little increase beyond that, it would almost immediately be followed with a rejection. This is exactly what's happening with $20,000 right now. Again, this doesn't make me feel good at all. But although this isn't what we really want to happen, the good thing is that it's also an opportunity. There might never be something like this in the near future.
Most don’t feel good when they see their value melting away, but at this point it’s really not worth getting upset because none of us can change the situation for the better anyway. The time ahead is difficult and challenging, but every day we are closer to a new halving (less than 2 years), which will probably be a new starting point for a big bull run, although in the meantime some super positive news can happen that can result with a price increase of 10-20%. Of course, it is wise to look at situations like this as opportunities, because the famous investor who does not like BTC (WB) invested about $40 billion in various stocks a few weeks ago and will certainly invest more - for people who have money, Santa Claus is this year come quite early  It hit me right in the stomach when I saw how much my BTC is now worth. A few months ago I had a lot less Bitcoin than I do now, and despite currently having more than double of what I had, it's still worth a lot less. While I'm mostly fine with waiting it out, I still become a little disappointed now and then. History repeats itself, this situation is quite similar to 2018, and it taught me a valuable lesson of not giving up. After the crash, I completely abandoned Bitcoin and the forum itself, totally forgot about my wallets, my account here and everything, in a matter of a few days. My goal now is to stick around, hopefully till the possible recovery of the market, in a year or two at best. Till then, I'm pretty pessimistic on any kind of recovery within 2022, even $30.000 seems too far from our current point. |
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I beg to differ, the war isn't showing any signs of a possible ending anytime soon. Russian forces are making slow but steady advancements, while the bombing hasn't stopped. On the other hand, Covid-19 cases are spiking once again, it might not cause severe illness anymore, but it's definitely not over yet. Thus, we still have a long way ahead of us, and with inflation constantly increasing, it'll be a difficult winter.
Yes, there is no sign that the war will end any time soon, even the negotiations are still not on either side. Russia doesn't seem to want to end the war anytime soon, they don't rush but slowly. Maybe their target is Europe rather than Ukraine. The longer the war dragged on, neither side benefited, but also caused heavy damage to the countries that supported Ukraine. Now is the energy war, the economic war of both Russia and the EU. Their target is NATO/USA, Ukraine was just a cause. Ukraine and Russia have a long history of territorial disputes, that's true, while Putin knew that NATO couldn't be directly involved in the war and sanctions would take place. However, I believe that these sanctions are hurting Europe more than they've hurt Russia, since they've recorded huge profits by selling oil to Asia while the Russian Ruble has increased tremendously in value. |
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Thats really something at least post the name of the exchange so that everyone is familiar with the scammer hub.
Cause if he ask for a famous exchange then thats really a legit problem but for an unknown exchange whose name are just recently resurface then be worried already cause there is also a registration using a wallet connect which is quite scary to do. Anything that needs private key approval is shady and dangerous for anyone.
There's no point, these so-called exchanges are popping up every single day and shutting down a few days later, after scamming a number of people. Today it exists and tomorrow it's gone forever. One common characteristic I've seen them use is their domain names, which look sketchy and poorly thought. A quick look at Reddit's r/scam sub Reddit will be enough to see a few examples. |
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What is not good isn't good and should be discouraged by all means, abortion is not a good thing that should be allowed in the society, either US places ban or not it's what we should all voice out for it ban, the only justification for abortion to take place is in the case of rape and parental abuse with full evidence and it's approvals by the constituted authority, but an ordinary sex worker (whore), or flirting adulescent that got pregnant by chance of a mistake should not be allowed to carry out an abortion because that's the consequence of their flirting around else every lady will also want to do such thereby encouraging fornication in the society.
Dude this is 2022, we are not in the 18th or 19th century, the era has come a long way. Girls are no longer confined to the four walls of the house, they are completely independent. It is up to the independent woman to decide whether she will have a baby or not. Pregnancy is not always in consent, most pregnancies are accidental. In that case, I don't see why would a girl/woman be forced to be a mother!! If the opinion of others is forced, then fundamental rights have no value. Such a decision taken by the USA is really worthy of harsh criticism. People can't just change their minds about something completely irrational. If girls had any sense, they wouldn't get pregnant in the first place, if they knew that they were going to abort. If it was an accident - like the contraceptive failed - don't get into the position where a child could be started. In other words, don't have sex. Committing the abortion murder, and promoting the idea, is criminal. Execute the murderers, or at least imprison them until they are past child-bearing age.  What the hell is wrong with you, I can't understand if you're trolling or if you're actually serious. You're actually criminalizing abortion and comparing it with plain murder? We're not in the medieval age anymore, deal with it. We're in the 21st century, and if someone for whatever reason doesn't want or is incapable of having a baby, you can't force it on him/her. If someone was raped, was in an abusive relationship (and I could think of plenty of other examples), for some, it's much more preferable to have an abortion rather than grow a child in an abusive environment. |
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While everyone is discussing Bitcoin's crash and the lowest it could go, you're asking about a new all-time high of $100.000. That's some confidence, lol. Anyway, we're a few months away before the end of 2022, and although we've seen major turns in the cryptocurrency market in the past, this time it's certainly not the same.
Due to the economic recession, I find it hard to believe that any kind of recovery is feasible. If things don't get any better soon, don't expect any major improvement. In the best case scenario, I'd say 2023 or 2024 sounds more plausible to me.
This is a more severe economic recession all experiencing the same impact so to me it is unlikely that at that price it will be exceeded it is still a long way off although no one knows what the next changes will be, so we are looking at the global recession the impact is happening right now. In 2022 we will continue to experience prolonged bearishness that we don't know when it will end but I think we will get past it. But it's also very reasonable if bitcoin 2024 becomes a good growth it's still quite a long time, so we can see the exact situation later. This economic recession will be worse than the one in 2010, while the condition is only expected to worsen in the near future. Honestly, I believe that this winter will be comparably worse than the two years we went through with Covid, we'll be in an unofficial lockdown due to the high cost of living. Inflation has been steadily rising in the past months, electricity has skyrocketed and crude oil has been extremely volatile and won't fall anytime soon. |
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While everyone is discussing Bitcoin's crash and the lowest it could go, you're asking about a new all-time high of $100.000. That's some confidence, lol. Anyway, we're a few months away before the end of 2022, and although we've seen major turns in the cryptocurrency market in the past, this time it's certainly not the same.
Due to the economic recession, I find it hard to believe that any kind of recovery is feasible. If things don't get any better soon, don't expect any major improvement. In the best case scenario, I'd say 2023 or 2024 sounds more plausible to me.
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I beg to differ, the war isn't showing any signs of a possible ending anytime soon. Russian forces are making slow but steady advancements, while the bombing hasn't stopped. On the other hand, Covid-19 cases are spiking once again, it might not cause severe illness anymore, but it's definitely not over yet. Thus, we still have a long way ahead of us, and with inflation constantly increasing, it'll be a difficult winter.
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It's disturbingly annoying to have so many scammers on cryptocurrency groups. Telegram and Discord are filled with them. On top of that, some are posing as group administrators and are trying to scam people who are asking for assistance within legit groups, such as Beefy's or the official WalletConnect group.
It honestly sickens me, it's almost impossible to be assisted in any kind of group without being contacted by a scammer.
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Usually the end of the bear market is somewhat after the bitcoin block halving. So it will happen if I'm not mistaken on block 840,000. So that will be around April-May 2024, most likely give or take some months, then we will see some recovery. So bull cycle might start around that timeframe 2024 and not 2025. Not sure what you mean by this. But this 4-year cycle theory may not consider the rise of a) interest in digital assets, b) possible metavesre market spread, c) the rise of productive capacity due to digitilized world and so - the interest in digital sector of economy Still rise base on the basic tenant of supply and demand. Sounds plausible enough to me, it took approximately 2-3 years for Bitcoin to recover from 2018's crash, the scenario of a possible recovery somewhere between 2023-2024 looks reasonable to me. I'm only hoping that we survive till then because shortly after 2018's crash, I abandoned it altogether. |
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I'm surprised that El Salvador is still purchasing Bitcoin after so much criticism it received after its initial purchase. Apart from that, I believe that we still haven't reached the bottom, thus, the current state of the market provides us with great opportunities. I'd also be interested in investing, if the situation wasn't that bad with the increased living costs.
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I'm not too worried nor disappointed at the moment, not yet at least. However, when Bitcoin crashed in 2017-2018, I was so devastated that I quit Bitcoin and the forum altogether. At least two years passed to even reopen my wallet and finally decide to return to the forum. I regret not sticking around at that time, things would be a lot better for me now (financially).
My current goal is to survive the bear market and hopefully not quit again, while at the same time acquire as much Bitcoin as possible. Now is the chance to make up for past mistakes.
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~snip~
Excuse me for not replying earlier, I was way too busy with exams. A year ago, I conducted a search for Covid-19, it was honestly a fascinating subject and one I could find information relatively easy. However, I've already done it once, thus, I'd rather find a subject that isn't medical related this time. Wikipedia itself isn't considered a valid source for academical purposes, but it does include the sources the page used. ~Snip~
Good idea, could probably do something blockchain related along with Bitcoin perhaps, while it's an emerging and promising technology and a research on such a subject would be a huge plus. Thank you for your detailed reply, will definitely look into a few of those ideas you mentioned. My main goal here is to find a topic that appeals to me, but also includes a statistical/data analysis to make it more interesting and actually indicate something. |
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