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lets just say that i don't see any reason to think otherwise!
we have see the price rise so far, we have also seen the potential that bitcoin has. and from this potential, only a very small percentage of it is met which means we still have a long way to go.
so all i see is more big rises in the future. $100k is only one of them. and unless i see mass adoption of bitcoin or i see bitcoin stops sticking to its principles (such as being decentralized, having a limited supply,...) i expect this trend to continue.
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Because the market is correcting. If you go back and look at the BTC dominance pre-2016 you will see ~80% dominance for BTC used to be the norm. Now that alt coin pump is dying down things are going back to the way they were pre-2016.
that is true but it was not all because of the altcoin pumps but also a big percentage of it was because of the high rate of new coin creations. i remember back in 2017 there were days that we saw multiple new tokens appear out of nowhere and each had unbelievably huge supplies! they were practically creating millions of market cap out of thin air and in a matter of seconds. so obviously as they are dying they are taking that fake market cap out with their death too. |
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it is of note how these numbers that keep being reported about bitcoin usage for illegal things in general or specific cases differ a lot. they range from 1-2% and up to 90%.
this shows how bad the techniques that these different groups are using to "analyze" the bitcoin blockchain are. which is yet another proof of their unreliability when it comes to their business model.
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Or just whales trying to manipulate the price and put pressure on it to go below the 4 digit price. They are successful, however the price did recovery very quick, meaning that people, just casual joe's also buying at every price drop.
However, I still remember way back, early 2018, when the price started to go down very fast. A lot of people are saying that the price won't go down to 4 digit. This was the time when we just reach an all time high of almost 20k, but we all know that after that the price did go down as low as $3200. So there is no safe upper or lower bound here, it is still base on the demand at any given time.
you can't really compare the big bitcoin bubble of 2017 (@ $20k price) with the current price level. where we are now is just after a recovery from a massive drop down to $3k not a rise and far from being anywhere near a bubble! as a result you can't expect a drop, specially of the same size here... but you are correct, the price could drop back to 4 digits. i wouldn't expect it to last there for long though. as we have seen people are too eager to buy it and the market's overall sentiment is bullish even if they are temporarily doubtful. |
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However, volume decreasing is a bit bad because that means buyers are no longer in play, sellers are always there because there is always sellers selling on order books but as long as we do not have buyers taking them out of the market we will not have an increase, at low volume its always risky because we don't know when will a whale either buy a ton and make it go up or sell a ton and make it go down, it allows too much for speculation.
it depends on how much the "decrease" was. in this case i don't see any decrease in recent days that warrants OP's topic. but in any case, decrease in volume occurs commonly in market whenever price stops being so volatile and stabilizes. it indicates day traders are no longer making profit but day traders aren't the entire market! there are other types of investors in the market. which is why it is only bad if the decrease is a lot not only a small percentage. |
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1- I want to know if Mr X send me 1 bitcoin to one of the addresses of my Electrum wallet and later I buy a birthday cake with some of the bitcoins in my wallet, Does Mr X understand the cake has been paid by some part of his monies?
Yes. actually it depends. merchants (like a bakery where you buy the cake) don't usually reuse addresses and even if they do, it is still not an easy task to figure out who does the address belong to unless they are publicly announcing it which you could find it by searching on Google which again is not common. so all "Mr X" could tell for sure is that the coins he sent has been spent and can see the amount and the address they went to. anything extra is guesswork in 90% of cases. |
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There has been so much people to be claiming to be Satoshi Nakamoto throughout the years that I've already lost count.
there has been rare cases at first but in the past 2 years the number of scammers has seen a big rise. and it is all because the scammer known as Craig Wright started scamming people around that time and mainly because a considerable number of idiots (for different reasons) backed his scam up. so now everyone tries to mimic that same scam and gain some popularity. apparently there is no consequence to pulling an identity fraud! |
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For protecting your Seed, you can use "Passphrase" which can be used as a 2FA for your wallet. In addition to a seed, there will be an extra password called Passphrase to unlock your seed. Some wallets also call this as "seed extension". Passphrase will be used as an extension to a Seed. We need to remember both of them to unlock a wallet.
this was a good suggestion but calling it "2FA" is very misleading because what it does is very different. the term "seed extension" is the best word for it since what you do is basically adding some random bytes of the length of your password to your salt so that you can derive a different key from PBKDF2 key derivation function, a key that will then be used as the BIP32 entropy. so depending on the strength of the password it can become impossible to brute force. but using a weak one can mean an easily breakable one. |
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we don't want average Joes to come in just because it is hyped up or they only hear about bitcoin as a cryptocurrency. we want only people to come in when they seek what bitcoin offers as a decentralized currency.
so in my opinion all these "big names" are good for bitcoin because the more they push for restrictions, regulations, surveillance, control,... the more they are going to push people in the other direction escaping their tyranny. and bitcoin provides that escape route for them.
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I've paid $2 for a bitcoin transaction and it hasn't confirmed in over 30 minutes. $2 sounds like a good price in the traditional market, but microtransactions get killed.
well, you either wildly overpaid or your transaction size was huge. you should know that in bitcoin you don't pay for transferring money, you are paying for the space in the immutable ledger called blockchain. so when your transaction is huge (like having a lot of dust) you will ask for a bigger space hence pay a higher cost. |
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since you are a beginner i would advise you to stick to bitcoin only and forget about altcoins specially the coins that are known to be pump and dump coins like the ones you mentioned, because as a beginner you wouldn't be able to ride the manipulation process that these altcoins have and the chances of losing money is going to be pretty high for you.
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it is funny that people were saying the exact same thing when price was in the range very similar to these days but between $3.5k and $4.1k. they kept calling it "decrease" and just like OP claimed price is going to fall more and never see 5 digits this year again...
when will people learn that these are just accumulation phases with some sideways action before the big rise comes.
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Strange to see Monero and other privacy coins being so unpopular in darknet markets, is Bitcoin mixing good enough these days, or are privacy coins suffering from some problems? Maybe it's hard to convert them to BTC or fiat without raising suspicion?
consider the source and you should get your answer. it is yet another blockchain analysis company trying to advertise their services and convince the world that they need their services so that they could sell it to them! otherwise usage of bitcoin in dark markets was in that percentage back in 2011 and has been dropping ever since. nowadays i would be surprised if it were any negligible percentage. |
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The example of Argentina seems to confirm that in the case of a global crisis Bitcoin:
although i do believe that in case of a global financial crisis bitcoin can shoot up but i still think we can not make the conclusion based on this small case. things are still unpredictable. we may even see no change in bitcoin whatsoever since so far bitcoin has never been taking that much effect from any other market and has always been moving on its own. |
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we sometimes see history repeat itself but it only happens when the circumstances also repeat themselves during that time. in bitcoin market we have seen similar patterns be repeated right now and in the foreseeable future there is nothing suggesting that any circusmtance is going to be repeated to cause such a gigantic drop as you are suggesting here! you are basically claiming bitcoin drops 60 to 70% for absolutely no reason apart from not rising!!!
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Let`s say you are satoshi what would you change about bitcoin?
Satoshi doesn't own bitcoin! that would mean centralization. and you don't need to be Satosho to be able to change anything. I would add a feature called bitcointime, where unique addresses/sidechains that are verified by the system (so we can only each have 1 address) create bitcointime over duration at a fixed rate (universal basic income). The people themselves would willingly upload themselves as the key to unlock that address using filesharing on a blockchain, the system can backtrack to make sure no duplicate information can be used because everything is stored on a blockchain.
it sounds like two terrible ideas that were smashed together. it lacks privacy as you seem to be needing to reveal your identity and also it encourages laziness of "producing money out of thin air" by doing nothing. not to mention it also encourages address reuse. |
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the idea of Brave browser was great and the project started out with a bang but little by little they added bad things to their project. starting with limitations they put on people who could use their payment system, then the ICO and their token. they all made things more centralized and distanced it from the great project it started out to be. and finally with the addition of KYC they shot themselves in the foot. i made a topic about it recently here: https://bitcointalk.org/index.php?topic=5170928.0 |
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you are basically predicting which way the sideways is going to go next and call it bearish. whenever we are in a similar situation like these days it becomes harder and harder to predict when the breakout happens because we get closer to it every day. lets not forget that we have been in this range for nearly 2 months now and during that time the range is getting tighter with higher lows. in other words we are just too close to that breakout which makes these days more bullish than bearish.
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if you want to see the real difference in the market and expect the market to rise like everyone expects we need to have institutional investment coming into bitcoin and not a few thousands dollars from everyone to accumulate so that the market rises  . i don't think we are at that stage yet. and it is not "a few thousands of dollars"! the past 10 years is the clear proof that we don't need institutional investors and also the dollars that are coming in are more than enough to rise millions of percentage in less than a decade. on top of that, bitcoin is decentralized and that is what attracts "individuals". |
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I don't think there is much difference in what you are saying. Trading through API is quite easy when you have the right tools like a trading bot like Gunbot. You could input there your API and start trading right away and automatically, 24/7. As for the accumulation of Bitcoin, maybe you are talking about compounding your money and continuing to load Bitcoin until you have a lot of BTC? That's like what it sounds to me. Maybe you can clarify it a little bit more? gunbot ? have you use ? how much profit ? gunbot (like any other trading bot out there) is not some magical tool that can give anybody profit! they are just helping tools that make certain things easier for traders. but the first requirement is for you to be familiar with cryptocurrency trading, the risks, the manipulations, how tos,... before you can even start using these bots. in other words it doesn't matter if @crwth made profit or not. if you are new to trading you still would lose money with or without a bot. |
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