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Looks good. There are certainly rooms for more growth and it shows progressive adoption of bitcoin in other parts of the world. Hope to see the trend continues.
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Welcome back! Just to let you know that I also bought and increase size of my stash a day earlier. Nothing big just some small amount. Hopefully we can see the price picking up soon.
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When we are talking about market reaction, we are narrowly minded to consider coins on the exchanges only.
Actually, coins on the exchange are just a minor portion of the entire pie and it suffers from severe manipulation.
To me, the true market reaction is that "if the large amount of coins off the exchanges are being sold by early adopters or not".
So far the answer is NO. And that is the most important market reaction we should keep in mind.
And that is a good observation pointed out. I would like to believe that there is no panic selling taking place and the early adopters are definitely holding on to their coins. The drop is supposedly caused by those who held on to small amounts of bitcoins, most probably by miners dumping their stash where the sellers are trying to undercut each others' price and brought it lower. |
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Barely. Once the wound heals bitcoin is going to climb again. And how many times bitcoin existence was threatened and attack? Each time, we rise up again and stronger as ever.
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I hope it stays that way. If we look at trading activity and volume over at major exchangers it's pretty much balanced on both the ask and bid camp. We can never know what is going to happen, just keep my fingers crossed and remained positive for now.
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I agree. That is why I see fear all around and especially the need to ensure bitcoin fails at all cost. Bitcoin is the answer and solution to all these.
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Then how do you explain the more than 40% price drop in just a 2 weeks time span. Considering the size of bitcoin market cap, you need sizable fund coming from somewhere to drive down the price so quick and so fast.
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It could mean investors are slowing moving away from fiat because of some doubts and uncertainly and decided to hedge their position into something else with store of value like gold or invest in technology with potential like bitcoin. But it's still too early to tell because the trend only shows up barely a week ago after the recent lows. So I would wait for further signs
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Should Bitcoin be changed in some fundamental fashion, to make it more stable? Could it? How?
Maybe create a non-profit trust fund bank that will buy and hold capital assets to "back" BC. Change from mining free BC, to mining a right to purchase BC at half the current exchange rate, with the income going into the bank. Anyone could exchange their BC for their share of their current value of those capital assets (minus a 5% withdrawal penalty). Normally the price would float somewhat above the asset value - when it rises enough, allow the bank to directly create BC and use them to purchase more assets - locking in gains and at the same time keeping the exchange rate from rising too fast, reducing the impact of speculation.
Objections / alternatives?
And follow the same route on what fiat is going through right now? the non-profit trust fund bank like what you say could end up as centralized bank to control flow of bitcoin. In other words, open up the possibility for manipulation? No way. Let it be in a free market. |
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The problem with some people is that they don't see the whole picture. I agree, we need to calm down. Investment is coming in, that's for sure, but it's just that the flow of money is not fast enough and at the rate new generations of coins get sold in the market is faster and thus is driving the price down. I still put hope when the next halving occurs.
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If you mention growth, my only concern is the adoption not the price. We have seen microsoft started integrating bitcoin last year. So for this year, I'm waiting for paypal to announce similar thing.
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Welcome to leverage trading. With that volatility, let's see how many guys get burned when they short btc. Instead of ratio at 1:17, I hope they can make something better like 1:50 or even 1:100.
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Yeah you could say processing power and technology would have increased tremendously within that span of time, but don't forget similar bitcoin security would also have developed as well when we might have moved towards 512
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This is not the first time that I read negative press about them. Just stay away
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Read it and I must say this is good news indeed! Employers usually ask an employee for bank transfer information when they first start working for the company. and over here, what they need is just the btc address and it's done |
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Wait you are telling us, crypto as a whole is failing and that includes bitcoin but on the other hand, tells us to create a completely new crypto to own one. So which one is right?
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Can somebody verify that? The reddit post was made in reference to another voice channel which I don't know where it can be found. But like pointed out by other users, doesn't this happen all the time?
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Thought want to try it out initially to see how the app works but it will ask you to enter your mobile phone number for confirmation in order to use it. Just thought you guys should know.
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I'm going to be neutral on this one but seeing that there is no option for it, I would say that I'll lean slightly towards the light camp. Reason mainly. bitcoin is still at the early stage. fiat has been around for as long as the current banking system but 5 years is still at the beginning stage. The technology mainly how unique blockchain is. Almost complete anonymity. And my favaorite is how it can be used as low fee cross border transactions.
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