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Maybe it will not get quite stable but I think by the end of the summer Bitcoin price is going to fluctuate somwhere in the range between 9000$ and 12000$ max. There is a lot buying/selling activities on the market but again not enough to push the price. Anyway, I don't expect to see some bigger drops but not the significant rise either.
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I don't think that centralized coins are very good idea, they will not gain so much users attention. Decentralized system is one of the primary things that attracted Bitcoin users and that was different to traditional banking system.
Also, this Chinese version might work for China but I don't think it will get attention anywhere else in the world. So, I don't actually see the point.
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I think that at the begininig when Bitcoin was able to ensure bigger anonimity and transactions were harder to trace, it was also more often used for money laundering.
But not all criminals are skilled in cryptocurrencies and sometimes larger amount of Bitcoin is not so easy to cash out or to put into legal money flow.
Nevertheless, some people still have the impression of Bitcoin like something illegal and involved in money laundering.
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This is a huge number but actually it doesn't reflect the true number of users. Coinbase has many accounts that are opened but not actually used and also there are some users who have multiple accounts. That we need to have in mind.
No matter to that, Coinbase is one of the most successful exchanges and probably will stay so.
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Yes, there are many coins at the market. Too many if you ask me. No matter that competition is good there are not much quality coins at market with good perspective, so, yes, future still belongs to Bitcoin. It's still the most accepted, most used in real world and with potential for further development even for implementing in traditional fiat financial systems. At the moment I can't see anything that could replace Bitcoin in crypto world.
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The problem is that users are still too relaxed and don't care enough about security. This should be changed and therefore we need to raise awareness. People don't keep their private data enough and for some reason they don't feel much tražene when they are online. Only when something happens they look for options to be more secure but then is often too late.
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For me it was expected. As cryptocurrencies are being more accepted, so more in.use and more popular, so the crime connected to them is also on the rise. Different kind of scams, hackers attacks, thefts and similar.
Users need to learn to be more careful and how to protect themselves but that kind of awareness is still very low.
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Everything is relative, depends when did you buy your coins and on what price, what is your goal and what does long term means to you. For some long term is a 6 months, for some 6 years. But of course that it isn't wise to sell at lower price than you bought, that only mean you will accumulate loss and that you made the mistake at the very begininig - you have probably bought the coins with money that you need.
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In general I agree with your points, I would just put it more simple: education, strategy and cool head, in that order.
But all this comes with time and experience so it's not realistic to expect to become successful trader over night. And no one can actually teach you how to trade, there is no universal receipe, you have to figure it out on your own.
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Will the price of BTC stabilize at around $10,000?🧐🧐
Will be logical to see if that happens, I think currently we will see stable 9-10k, then: 1.maybe price will fall and be 6K and after this, possibly we will see rise which will lead to current 10K and then slow rises or 2. After stable 9-10K, rise will come again and we will see bitcoin's price up to 15k. As we see, lately bitcoins fights to rise but somehow falls, so I think bitcoin's fight will result in a way we wish. I agree that price will probably stay in the range of 9 or 10K, 11K probably. Some corrections will happen from time to time too but I don't think the price will fall as low aa 6K. Actually, for next month or two I don't expect some major changes compared to current price status, only smaller ups and downs. |
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There are different theories about Libra and its influence on Bitcoin in positive and negative way. To my opinion Bitcoin price pumps or dumps are not connected with Libra and currently Libra is given much more importance than it actually has. It seems that people like to find some "third" party that is responsible for situation on Bitcoin market but Libra is wrong address.
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It's hard to think of BTC as a currency for everyday use, especially for small things like buying hamburgers or some drinks, but it's great to use in countries that do not support traditional payments.
There are some products and metals in Africa that you can buy with cryptocurrency and at a much cheaper price than local stores. This is the essence of cryptos, used in areas where there are no international banking services.
In my country, there are some shops that accept Bitcoin through a third party (Bitpay) but the fees are much higher than regular payment methods, which makes the use of it "One Time Payment" rather than daily payments.
I think low acceptance of Bitcoin as a payment. is still the problem for all Bitcoin users, all around the world. Also, there is still no big variety of goods and services that you can buy with Bitcoin and not much merchants are willing to accept crypto as a payment because of the risk, lack of regulation and similar. That is why I love crypto debit cards, you can use your coins where you want for whatever you want. Yes, they are converted to some fiat currency but still you can use them in your everyday life. |
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Many people have said that the price of BTC will increase sharply in the end of this year and the price reduction is only a small impact of traders.
I believe that with the appearance of libra, everything will change, the market will be green for several weeks. Please hold the alts top and BTC now.
Every year we have predictions that Bitcoin price will have big growth at the end of the year but it's not always so. Remember the last year. And corrections are possible all the time so sometimes users get tempted to sell but thus they usualy only loose more. So it's very important to have your own strategy and agenda. Anyway, I don't think that Libra will make such major changes as many think or influence the Bitcoin in significant way. But the time will tell, so we will know soon. |
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The point is that people are often exposed to campaigns that show Bitcoin as a tool for easy money over night. Even here on forum. There are lot of misleading and false information and when people who don't know anything about Bitcoin and cryptocurrencies come to that the result could be very wrong.
There is no such thing as free lunch and the same is with Bitcoin. Sometimes I.think that many still don't have clear and precise picture about Bitcoin.
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I'm involved in Bitcoin for 6 years now, it's a quite a time to get nice experience. I started using in by chance, exploring on the Internet and at that time I didn't know much about it or what I'm actually doing.
Bitcoin made my finances better and helped me in many situations. Still I can't say that is the meaning of my life, that would be exaggerated.
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I can't see how could Bitcoin help to stable the economy. First of all it's not regulated anywhere in the world in.the way that is part of official economy and financial system. Also, Bitcoin is unstable and decentralized by nature and such currency is not good for any economy. Bitcoin can help on an individual level, for individuals who use it to improve their personal financial situation.
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Everytime an exchange got hacked it shows further the vulnerability of exchanges currently, and it seems other exchanges that haven't experience hack don't learn from the victims to tighten up security, i think it's about time exchanges look for a lasting solution for this mess because it is really not speaking well of crypto.
Hackers will always try to get their prey but exchanges should really rise the level of security. In their run for profit security is one of the features they often forget about and performe only minimum of it. With more and more developed and sophisticated hackers attacks this is not enough. Also we should raise the awareness of users about security issues so that they don't use exchanges as crypto wallets. |
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To my opinion Libra doesn't have such potential and it will not be so successful as some predict. No matter the all back up and support it might have. But at the end the market will decide and that is only fair. Still I don't believe that Libra could endanger Bitcoin, these are two totaly different concepts and therefore they have different types of supporters but Bitcoin will remain at the throne.
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Actually that's how altcoins and bitcoin behaves along the way as price continued to fluctuate during each and every price rally. If it's time for the alts to recover at certain value, then it's time for buyers who have long term trading goals to take actions and shouldn't miss it.
I'm not sure this is going to happen. Bitcoin is still dominating at the market and alts are not going up. Although there is a possibility for Bitcoin price to dump even further. Still so far I haven't noticed direkt connection between Bitcoin and altcoins in term of price fluctuations and I don't expect for alts to respond on Bitcoin price changes. |
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To be honest, I'm so long involved with Bitcoin that it would be hard to imagine to become a newbie again.
On the other hand I think it was easier to start years ago when the price was lower, there were not so much fraud and fake news, false Bitcoin predictions and experts. On the other hand today it's easier because Bitcoin has not bad reputation anymore and it's better accepted, community is bigger and much more information are available, although not those on social networks.
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