If you are invested in Bitcoin, we have reached at the stage where it is very confusing whether to hold for more gain or sell at the current price. You will have started seeing traders and influencers posting snapshot of fancy profits they made and they are waiting for handsome XYG price fulfilment. Well, take them lightly and don't follow blindly. Be cautious to avoid losing your funds. This is a crucial times for newbies, especially.
So, if you are a holder you will most probably be thinking about waiting more until it gets to XYG price. This is not a good move in such volatile, ATH-hitting market. So, I think selling in parts can be the best strategy at the moment. You will minimize risks while getting good prices in parts. What do you think?
Honestly I think this is a good strategy no matter what market you are in and if you are on the selling or buying side. Selling and buying at specified times guarantees you won't be all in on risk on missing the upside or selling the tops. Cost averaging in and out of positions helps with stress and the constant chart watching too  At the same time, even with a partial sale, we still run the risk of losing lost profits. For example, I have a certain amount of ethereum. Is it worth selling even 10 percent now, if in the future we expect its large price growth through the update of this coin? Everything is clear with Bitcoin. In the future, it will have a price and much less than the current one. What about ethereum? |
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They will probably make some stablecoins that is based on government or a big company and at that point they will be capable of going into crypto a lot easier as well. Think of USDT being backed by the USA government, there would be a lot more trust to it wouldn't it?
Even though we hate the fiat version of USD because it is backed by the government, we could let them control a stablecoin because that is not a must and optional thing and they could ruin it or print as much of it as they want, and in the end as long as people want to use it, they can, and if they do not want to use it they can ignore it. I do not use USDT for example that much, it is an option for me, USD is not like that, people have to use it in USA because that is the only option available in the fiat world.
In the future, virtually all states will have their own central bank stablecoins. That is, their fiat money will be used in this case using blockchain technology. Such stablecoins will perform much more efficiently than their regular non-cash payments. I see no reason for governments to maintain private and commercial stablecoins that they do not control and may disappear over time. |
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If bitcoin made a new All Time High record now in the crypto market, do you think Ethereum will also follow and break it's ATH last year January 2018 which is more than $1000?
We have always observed that if bitcoin rises in value, most altcoins follow as well. Even now that bitcoin has reached another ATH, altcoins are also increasing and now, market is in green celebrating the bitcoins new record.
We remember that when Bitcoin set its previous price record in December 2017, after a while ethereum reached a price of $ 1,400. Therefore, it is quite possible that if the price of bitcoin for some time will hold at least at the current price level reached, then ethereum should continue to grow in price. Compared to prices three years ago, the price of ethereum is still far behind the price of Bitcoin. Meanwhile, ethereum continues to successfully update according to Ethereum 2.0 and this should also affect the price of this coin. |
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To the experts...how long do you think this bullish trend will last? This is quite exciting. The third wave was predicted to be at around 21.2k by the end of December and it’s already blown past that mid-December. Let me know...thanks
Regards.
So far, bullish growth trends continue for the future. We expect further price increases in Bitcoin and other cryptocurrencies next year. However, it is completely impossible to predict the movement of Bitcoin for a short time. With the same degree of probability, now the price of bitcoin may rise further or fall. However, this will not prevent its further general price growth. |
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Bitcoin is now over 21k+ now we can ATH and its touch 22k+ What you think about btc next move?
Now the price of bitcoin is already $ 22,061. Yesterday morning we saw its price just over $ 19,000, and over the course of a day its price rose by almost $ 3,000, immediately breaking several price records. We really assumed that after overcoming the price of $ 20,000, and even more so $ 21,000, the bitcoin price would have to fluctuate until it consolidates at a new level. However, Bitcoin surprised us once again. Probably, other similar surprises await us before the end of the year. |
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Finally we have achieved the most awaited mark of $20,000 now what's next? Do you think Bitcoin will cross the next landmark of $25,000 by the end of the year or it might happen in 2021? As per my earlier prediction based on market analysis I thought the value of Bitcoin will cross $20,000 by second week of December which seems bit sceptical at the beginning of this month but now it has come true and of my prediction goes right then Bitcoin will reach $25,000 by the end of this month as next 14 days will be more bullish or chaotic.
At this rate of bitcoin price growth, by the end of this year, bitcoin may still be able to reach the $ 25,000 target. Just yesterday morning, the price of bitcoin was slightly above $ 19,000, and now it is already at $ 22,149 according to CoinMarketCap. We will remember this December for a long time. Especially if this rate of growth in bitcoin continues for at least another week. |
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Although we hope that Bitcoin and other cryptocurrencies will actively grow in price in the coming year, I would not advise taking loans and credits to buy cryptocurrencies. Loans are usually issued against the security of movable and immovable property, they must be repaid regularly. However, cryptocurrencies cannot always provide regular predictable profits. There is also a significant risk of losing your investment. Even on this forum, some wrote that they had big losses from the invested credit money in the cryptocurrency.
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I see that DeFi projects do provide new opportunities and conveniences for cryptocurrency market participants and the Nimbus platform is one of these promising projects. I would like to know if the Nimbus team plans to conduct bounty campaigns so that members of this forum can earn NUS and GNUS tokens.
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I am just looking at the project on Polkadot, the quality of projects on Polkadot is more important to me than Polkadot platform itself, look at all the Ethereum Killers in the space, starting from EOS, Tezos, Cosmos etc all have failed to attract good projects on their platform and these Dapps are what help drive up exposure to the blockchain
Well said. Without going into much Technical details, Polka dot is very young altcoin and was listed on Binance exchange few months back , In this very short period the value of DOT has soared more than 100%. What is more fascinating about Polka dot that Trading volume has grown exponentially. As a rule, projects that rise quickly and their tokens quickly grow in value also quickly then fall. Therefore, such statements should not be taken seriously. Even if this project turns out to be successful, it will not threaten the ethereum network with anything serious yet. Good competition is always an incentive for growth and development. |
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It hardly describes exactly what restrictions the US government is preparing in relation to the circulation of stablecoins. It should be borne in mind that the US government may not even regulate, but prohibit the use of stablecoins that are backed by their dollar. They have the right to do so, and the Chinese government has already exercised this right in relation to its yuan.
I think that nothing threatens the ethereum coin and validators yet. If they process transactions involving prohibited stablecoins, then tracking them by IP address will do nothing if there is no international treaty on the extradition of criminals between the United States and the relevant state. This is in the event that these actions are recognized as criminal. However, this is unlikely, since the public danger of these actions will be too low. However, to discuss this in detail, you first need the law itself.
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It sounds noble, but I am sure that something is hidden from ordinary people as always. Since not all countries will participate in such a reset program, namely, third world countries will not participate. I am sure that this will be one big experiment on "tightening the screws" for the ordinary population, presented under the guise of improving the ecology, which is also very important for the world government, since there is now a significant overpopulation of the planet in the world, and this has a very detrimental effect on the ecology of the planet.
Despite the fact that the upcoming congestion may be and will be a period of “tightening the screws” for most people, we still need to change our attitude towards the consumer use of the environment. Our world is now rapidly approaching a global environmental disaster. Perhaps we will finally abandon the use of oil and gas and switch to renewable energy sources - sun, wind and water. Even this will radically change nature and all other restrictions will not be needed. |
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Millions of people are already entering the cryptocurrency market and their decisions and actions regarding the purchase and sale of coins and tokens are completely different and contradictory. Together, they together form the price movement of the market, depending on the prevalence of demand for a particular cryptocurrency or supply for its sale as a result. It is impossible to foresee what people will do in each specific case, because everyone has their own life circumstances. Therefore, market prices sometimes behave in a completely unpredictable manner. So, it was logical to expect a good rise in cryptocurrency prices in this last month of the outgoing year, however, the growth alternates with an unexpected correction. However, the last two days, prices on the market have gone up again. Many continue to worry about whether the price of bitcoin will rise to $ 20,000 this year. Again, there is not so much left to this goal.
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I do not see any problem in the fact that all central banks of states will issue their national digitized currencies. Now also all states have the opportunity to send their national currencies by non-cash payment. There are no particular problems. It will actually be the same fiat money, only it will be in the form of digital currencies and transactions will be carried out using blockchain technology. Stable coins of states and their central banks in terms of their functionality are much superior to non-cash payments of these states, so the states will issue them unambiguously.
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ethereum 2.0 only aims to increase transaction speed and make fees cheaper, it does seem like it is no longer worth it because it can't bring much profit to its price on an exchange, and only makes investors disappointed.
There will be a price effect from Ethereum 2.0, however, later. After all, the process of updating the ethereum network is designed for as much as two years. Investors have not yet seen significant positive changes, so they are in no hurry to invest. Yes, and bitcoin distracts a lot of attention on itself with sharp price drops and the fact that several times its price has risen almost close to its previous price record. So far, ethereum's price of around $ 600 isn't bad either. |
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The stablecoins of the central banks of states are the fiat currency of these states, but in a slightly different form. In fact, stable coins of states are one of the types of non-cash payments, only they no longer work on the old SWIFT method, but on blockchain technology. Therefore, stablecoins of states and their common currencies should not conflict with each other.
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You are just not wrong about this, the volatility in bitcoin price is truly decreasing, if we can analyse bitcoin in the earlier years of its creation, during the first halving, it was able to move 30x before the second halving while it was able to move 10x before the third halving. Now it is very possible bitcoin will not move 10x till next halving probably in 2024, although I am not sure or certain about this but seem like bitcoin can not increase from $8200 pre-halving price to a price above $80000 before the next halving. If this is affirmed as at then, then bitcoin price volatility is decreasing to make this recent price also continuing to be more valid.
In my opinion, you are talking here about the ability of bitcoin to further price growth, and not about the volatility of its price. Volatility is a deviation from the average price value, and in my opinion, the higher the price of bitcoin, the greater its volatility. It's just that low prices do not allow deep fluctuations, but high prices do. Therefore, I think that the bitcoin price roller coaster is still ahead. |
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As we enter the digital realm due to the effects of COVID-19, the process of central banks phasing out physical cash from existence might take place soon. Before the outbreak, we've been accustomed in using credit/debit cards and contactless payments greatly eliminating the need for physical cash. Now that we're in a "COVID Era", things have accelerated quite a bit. Banks and governments are in talks of adopting CBDCs which could completely eliminate the need to pay for things with physical cash. Now the real question is, how long will it take banks to start the transition from physical to digital cash (CBDC)? Do you think that physical cash will still be used right after governments adopt CBDCs in their entirety? Or will it take decades before every single person in the world stops transacting with physical cash, paving the way for a full-fledged cashless society? Your input will be greatly appreciated. This issue is independent of the banking system. It depends more on the state of economic development of the state, the level of well-being of citizens, the percentage of urban and rural residents and a host of other factors. Wealthy states can try to forgo cash. However, most states are unlikely to succeed. There are categories of citizens who categorically will not agree to refuse cash or, for various reasons, will not be able to refuse it. |
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Bitcoin will definitely never be used as the main currency in any country. This is impossible neither from the point of view of the nature of bitcoin, nor from the point of view of the tasks and functions of the state. The national currency of the state should be a reflection of the value of material assets that can be in the civil circulation of the country. In this regard, Bitcoin has a completely different nature and cannot be associated with the economy of any state. And its high price volatility does not allow its use as the main currency of the state.
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We cannot say what is on the mind of these people. Everyone has their own life circumstances and need for money. Therefore, some of the victims of the hacking of this exchange will sell their bitcoins, others will hold. Therefore, there should be a drop in prices in the cryptocurrency market. How big, time will tell.
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