Altcoins move almost in sync with BTC. If the BTC price rises, the altcoins price will also (tends to) go up.
However, XRP's price will swing wider than BTC, so when BTC goes down a little, XRP will go down more.
Ripple's network leaders are in big trouble right now. The SEC filed a lawsuit against Ripple and its top executives on December 22 for over $ 1.3 billion in unregistered securities transactions and the sale of $ 800 million worth of ripple cryptocurrency without proper registration to users. This charge is very serious and should result in billions of dollars in fines. XRP's reputation has been severely shaken. Therefore, the price of this coin has dropped to $ 0.22 today. These events have nothing to do with the rise or fall in the price of bitcoin. |
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I still see many people being puzzled by BTC, saying it's a bubble, that it's going to crash, etc...
Taking advantage of the huge price rise, I think some early believers should team and buy an existing bank. Not Barclays, nor JP Morgan of course, but there are small banks out there. Imagine a bank owned by bitcoiners, for bitcoiners. It would become an exchange, and it would be the best exchange in the world with the full ability to make Swift and SEPA transfers without the need to use the service of a third party.
That won't happen because buying a bank doesn't mean you just have to buy a building with money counter. If you buy, you will be imposed with all the hard bitch rules and regulations in the first place. Your bank will be regulated by existing rules. You can't just dedicate that bank to bitcoiners really. The logic is not in place here. You will have to form completely new organization with set of rules which allows such swift bitcoin exchange to and fro crypto space / fiat space. It's right. The bank will be located in a specific state and will have to obey its laws and the instructions of the central bank of that country. There can be no independent banks. The bank is either located in the existing banking system, or it simply will not be given the opportunity to work normally. Various checks and penalties for failure to comply with existing regulations will lead to bankruptcy. |
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That's quite possible. I don't like the fact that the United States can print dollars almost uncontrollably and exchange them for goods all over the world. The Chinese economy is working much more efficiently today, and therefore it is developing much faster. I see that the digital yuan will only strengthen this trend.
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Reason are becouse banx dont have MONEY.
From kyc transactions they create money.
Bank will just add digits only if you verify ur kyc .
Banks can not use other people money thats a lia.
Banx creating money from kyc and aml
Old money is gone to proof this the all debt are erased in 10 years banx now nedd kyc to create new money
I don't see any relationship between KYC and bank money. Banks generally require identification of their clients, but this does not give them more money. Banks follow the instructions of the government and the central bank. Personal identification is needed in this case to monitor the observance of the legality of citizens. In cryptocurrency, KYC is required only for the prevention of dirty money laundering and the fight against terrorist financing. In all other cases, the requirement to pass KYC is illegal. |
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altcoins do not follow the bitcoin rally, you should know that, yes even though there are altcoins that follow bitcoin,
but almost all altcoins when the price of Bitcoin goes up altcoins will experience sideways and even dumps,
don't choose altcoins carelessly if you don't want your portfolio to decrease
In the second half of 2017, when Bitcoin began to rise sharply in price, almost all altcoins also experienced strong growth. The next year, when the price of bitcoin dropped 70 percent, altcoins fell in price by 90 to 95 percent. Now the growth of altcoins after bitcoin is observed, however, altcoins are growing in price very slowly. Moreover, some show relatively good growth, others are very weak, and still others even practically stand still or even fall a little. Probably, it should be so. Everything should depend on the prospects of our coins and tokens. |
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I have observed many times whenever there is rise in the price it will proportionally increase the fees as well. BTC becomes useless if I want transfer my coffee bill worth $5 or lets say lunch of $50 bucks if I have to pay more than 10-15 USD for single transaction.
Bitcoin is a digital gold and despite of the fact that bitcoin is able to used as a mean of transactions, it is not a perfect tool for you (at least now) to be used as a payment method. Bitcoin is more similar to a storage asset, not a payment method. The Lightning Network can help bitcoin adoption and expand its usecase as a payment method. It is for the future and maybe in the future, there will be more solutions and not only Lightning Network. The problem is it's unfair system if we want to make quick payments for daily usage.
The average bitcoin blocktime is 10 minutes so that you can not ask for quick transactions. You need to wait about 10 minutes in average even if you use the highest fee on the mempool. Of course, it can be confirmed anytime in few seconds to 10 minutes after you broadcast your transaction. The beauty of Bitcoin is it has a very healthy network, with too high total hashrates so that your fund and your transactions will be secured by the network. Your transaction on altcoin networks can be double spent but on the bitcoin network, the probability is almost zero.
Think different! I think of transaction fee in satoshi per the total amount of bitcoin or satoshi in my transaction. If I look at the issue like this, I always find opportunities to move my bitcoin with cheap fee. Obviously, the fee in USD will be different and it is affect seriously by the price per one bitcoin. Example with https://bitcoindata.science/plot-your-transaction-in-mempool.html- I make a transaction with 1 input, 2 outputs, and the address format is Bech32.
- Amount of BTC in the transaction: 0.01 BTC
- Fee rate is 1 sat/(v)byte
- Fee: 0.00000142 BTC
- The fee costs 0.0142% of my the transaction value. It is not expensive.
For an ordinary user who just wants to use cryptocurrency, and primarily bitcoin, and not delve into various additional technical problems, the establishment of a lightning network will present a certain difficulty. Therefore, if this function does not work automatically, most likely, bitcoin will be used as a means of payment for relatively large transactions. Of course, unless a better solution to this problem is found. |
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Ripple really falls apart and the possibility that coin base going to delist XRP might come to reality. Other US-based exchanges might experience this as well. Unfortunately, other exchanges are also making their move, Bitstamp just announced that they will halt XRP trading from US customers. This could be a domino effect if XRP loses their lawsuit unfortunately. As long as the delisting of XRP is not connected to exchanges that do not have American jurisdiction, the coin will be relatively safe. By banning American citizens from working with XRP, Bitstamp is seeking to avoid a potential conflict with the SEC. I expect that other exchanges will do the same. I think that ripple will not fall apart in the end if the accused leaders are able to pay the penalties. It is quite obvious to me that the SEC will win this lawsuit, since the evidence of the alleged violations is fairly easy to collect and will be undeniable. However, in any case, the ripple's reputation has suffered serious damage. |
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Well, the accusations are very serious and they concern precisely the first leaders of Ripple. At this forum, the situation about the possibility of these leaders to uncontrollably issue and sell large quantities of their digital coins was repeatedly discussed, and this is now being confirmed. The SEC actually approached
December 24 with a complaint to the judicial authorities and a judicial review of these charges is inevitable. Therefore, the price of ripple, which was growing very quickly and rose to $ 0.60, fell sharply to $ 0.26 since December 22 and is now trading at $ 0.30.
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In the future, anything can happen, but in the next few years, ethereum is not able to outstrip Bitcoin either in price or in terms of capitalization. It should be noted that these are also different coins for their functional purpose and they do not directly compete with each other. Ethereum is currently being updated and this process is expected to take two years. Of course, this is a very promising coin, but the credibility and support of bitcoin by the community is still undeniable.
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Now the price of bitcoin is already $ 26,780. In recent days, it has been growing very quickly and it is already difficult to predict something here. Of course, its price is unlikely to fall in the near future, however, in general, we can see the price of bitcoin below $ 20,000 more than once. The arrival of institutional investors in the bitcoin market has significantly strengthened the price position of bitcoin, since small investors are poorly predictable in these matters.
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The SEC (security and exchange commission) caused xripple to collapse and now who will pay back investors? The sec can act on the company on USA not on what it has produced and that 95% of customers (who are not Americans) own. They are certainly not stock exchanges. Then, if the SEC also wants to regulate casinos, what credibility will it ever have in the future? But then, since it would be a share, why didn't it close on the downside? What safeguards would the sec provide? https://www.sec.gov/news/press-release/2020-338Do not dramatize the situation so much. The SEC does not attack ripple and the claims made will not lead to the collapse of this coin. The SEC is about to file a lawsuit against Ripple in connection with the alleged sale of unregistered securities. This is generally not a very big violation and even if the claim is satisfied, it will only lead to the payment of a certain amount of the fine. If there is a violation, there must be responsibility. However, this does not mean that the SEC is going to attack cryptocurrencies, including bitcoin. Already, the ripple price is starting to recover after a sharp price drop in connection with this news. Therefore, with ripple everything should be fine. |
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What I find truly astonishing is that we already have digital currencies: credit cards, bank wires, SWIFT payments they are all in digital form. We have 0s and 1s on a database somewhere that implies how much do we have. If they don't implement a blockchain-based CBDC nothing much will change really. They had to find some way to tackle bitcoin's humongous superiority and they came up with CBDC.
On the topic of anonymity, I would never trust an anonymity voucher issued by a central bank.
Yes, cashless payments have been in every state for a long time. However, the stablecoins of central banks using blockchain technology are far superior to existing cashless payments in almost every metric. Therefore, for states, the appearance of their stablecoins significantly improves the global financial system. How this will affect bitcoin and other cryptocurrencies, time will tell, because not everything is simple here. Stable coins of states raise the overall role of cryptocurrencies and arouse the general interest of people in them, however, at the same time, they are real competitors to decentralized cryptocurrency as a means of payment. |
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Whenever btc hit the demeaned point, it start crashing csuse after fulfilled the public expectation, public start selling bitcoin.even most of people still selling bitcoin cause they knoe how risky bitcoin is, to hold.i can remember year 2017 when bitcoin hit around $19.5k and then start crushing, stopped at $3.6k something.so need to attention at this point
Yes, now is a very interesting time for bitcoin and its holders. Bitcoin has reached very large price peaks and despite the continuing bullish sentiment in the market, everything can change in an instant. We must take into account the lessons of 2017-2018. Now it is really very risky to buy bitcoins at the current price. Even if the overall price of bitcoin continues to grow, there will still be periods of its price drops. Anyway, now you need to be very careful. |
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Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.
Nice idea. But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.
If possible bitcoin will go $1 million one day, the day is still very far, not 10 years from now because the marketcap needed for that is very high. Did you know that over a trillion marketcap will get bitcoin to just $100000, which means more 10 fold is still required to get it to such price. If more institutions can pump in more money and buy bitcoin, possibly will result to bitcoin getting to such price. But, what I know is that no matter what, bitcoin price will ever be at increase everytime over long term period. I still doubt that Bitcoin will ever reach the $ 1 million price point. It seems to me that the states will not allow him to do this, even if he has such an opportunity. This reallocation of capital is unlikely to please them. Bitcoin is currently priced at $ 24,855 according to CoinMarketCap. Almost the most optimistic forecasts for Bitcoin have come true. For now, we need to set more realistic goals for the bitcoin price, at least at the level of $ 50,000. In addition, it is very important to stay at this price value and not repeat the path of Bitcoin with its fall, which occurred in 2018 after its previous price increase. |
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We dont know if what happened in 2017 will happen again on next bull run or it will be the opposite. People have their own decisions, when to sell or buy. But i think if one really satisfied with his/her profit then they can sell thier coins and tell themselves that even if the price of the coin increases after they sell, they will not regret it.
Indeed, each of us must independently decide how to deal with our coins and tokens. However, in general, I also agree that in order to increase profits, you need not just holding the cryptocurrency, but at least periodically trading them. But not everyone has sufficient knowledge of the cryptocurrency market and free time. Sometimes a cryptocurrency is stored in a wallet for a long time just because there is not enough time to devote sufficient attention to it. |
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It's obvious the crash is becasue the news about SEC suing ripple and the people cashing out after airdrop snapshot. What I wonder though, why ETH gets dumped as well in my opinion if people switching over from XRP the other good choice is ETH which should go up a little consdiering that XRP is former 3rd highest market cap alt but I guess I'm wrong.
Also, you need to note that this problem regarding SEC suing ripple gonna be a serious problem.
Apparently, the price of ethereum does not increase due to the fall in the ripple rate, because ripple has been largely used as a means of payment, and ethereum is not yet so used in this capacity. In addition, the issue of high transaction fees on the ethereum network is still not completely resolved, so people are looking for cryptocurrency with cheaper transactions. An example from the SEC lawsuit against ripple and an instant significant drop in the price of this coin shows how vulnerable the cryptocurrency is and depends on the actions of states and their organizations. |
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It seems logical. The higher the market cap, the lower the volatility, because it takes a lot more money to vary the price. And in the future there will be even less volatility, as the price increases.
I don’t think we need to agree that the price volatility of Bitcoin and other cryptocurrencies will decline over time. I think that next year 2021 we will be able to make sure of this. Bitcoin should rise in price and at the same time its high volatility will manifest itself. However, this also depends on many other factors. First of all, it depends on how its legalization by states and a general increase in liquidity will increase. In general, you shouldn't expect cryptocurrency volatility to fall in the future. |
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Today we saw bitcoin hit an all time high of $23k while its traditional counterparts are suffering a decline in value. Historically, when someone desires financial stability, they naturally go for safe investment is, such as gold, stocks, real estate. But with the outbreak of the corona virus pandemic we have experienced a shift in global economy, countries are facing inflation. As a result many individuals are beginning to see Bitcoin as a safer investment than its counterparts. Countries are slowly adopting crypto as a means of payment. Will bitcoin eventually dominate the world economy and replace traditional currencies?
It should be recognized that countries do not accept cryptocurrency as a payment in the sense of making payments at the state and government level. International payments in cryptocurrency are not carried out and are unlikely to be carried out. Cryptocurrency is accepted and distributed among people, not among states and their bodies. States will use their central bank stablecoins rather than decentralized cryptocurrencies. Therefore, in cryptocurrencies there is no chance to replace the national currencies of states. |
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The story with the price of bitcoin and altcoins will no longer be repeated. In 2017 - 2018, the situation was completely different than it is now. The current situation is much better for the price growth of the cryptocurrency market. Price correction will periodically occur, however, one should hardly expect such a strong price drop in January. In 2021, we expect further market growth in general in the first half of the year, however, large holders of cryptocurrency can significantly affect this situation. Therefore, in many ways, the further price movement of the cryptocurrency is poorly predictable.
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Bitcoin movement very strong bullies mode.i hope Next year also crypto user see new another record ATH. Maximum big crypto investor hold bitcoin.
Such forecasts simply support us in the world of cryptocurrency and allow us to be more optimistic about its possible price growth. They are mainly based on a little previous practice of the existence of cryptocurrency, and are presented, as a rule, in the form of tables and diagrams. All this must be taken into account, however, be skeptical about such information. Bitcoin should still rise in value, but this is unlikely to be continuous growth. Price ups and downs will continue to be repeated and it is possible that we will still be able to see the price of bitcoin within 10,000 dollars. |
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