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21  Economy / Speculation / Re: 2017 Crash DejaVu? on: July 17, 2019, 12:58:55 PM
your "deja vu" is off by 2 years and about $9000.
what this current price and charts look like is 2015 not 2017. and the trend looks exactly like what we had at that time when price first started recovering from the absolute bottom at $150 and has been rising for a couple of months before it had a hiccup like what we are witnessing these days. a hiccup that is going to lull some of the bears to get out of their cave and wake up just to lose money before the reversal continues on its way upwards.
22  Economy / Speculation / Re: Hope for the best, Expect the worst on: July 17, 2019, 10:03:33 AM
people loved comparing bitcoin of 2018 (the dropping year) with bitcoin of 2014 (the same dropping year) when it was dropping from its bubble and although I don't like these comparisons I have to admit we ended up having a lot of similarities.
right now it seems to me that despite no one really doing the same comparison anymore (between 2019 the recovery year with 2015 the past recovery year) but things are starting to look the same too.
so worst case scenario of repetition of the same thing at a bigger percentage drop from the high we reached would be reaching around $8500 before bouncing back up again.
23  Economy / Speculation / Re: Bitcoin dominance hits 66.5%, alts lagging behind on: July 17, 2019, 09:29:00 AM
Lol 65% dominance for bitcoin is nothing historically speaking. Prior to 2017 80% dominance for BTC was the norm. I remember at one point in 2015 it went as high as 92%.....

well the number of shitcoins in circulation in 2015 was 1/15 of the current amount. so when the number of shitcoins grew and people started to care about market capitalization silly things such as "dominance" started shaping up and with nearly 3000 shitcoins in circulation today that percentage which has nothing to do with dominance came down!
and the funny thing is as these shitcoins started to die and the number started dropping from 3000 down to 2100ish, that meaningless percentage started growing.

so if anything this percentage is only showing the number of shitcoins in circulation Cheesy
24  Bitcoin / Bitcoin Discussion / Re: The biggest battle for Bitcoin's life is coming on: July 17, 2019, 09:12:04 AM
in hindsight we have been in battle for some time now and it has been big enough. the only thing changing is that this "battle" is becoming evident sometimes as the other side of it shows its intentions publicly and their actions against bitcoin becomes apparent. otherwise they have been fighting it for some time now.

Ever seen what a tank or air-to-air missile can do to a warehouse full of asics.
Boom.

No, I haven't. I don't think anybody has, as its never happened before. Especially the "air-to-air" missile -- what do you need that for? Taking down flying mining rigs?

didn't you know? when China banned bitcoin and said they will behead anybody who owns bitcoin, every bitcoiner took to the air. now the Chinese airspace is filled with flying bitcoiners...
25  Bitcoin / Bitcoin Discussion / Re: Imagine that you're new to crypto now on: July 17, 2019, 09:08:53 AM
for a beginner in bitcoin the most important thing to do is to avoid random recourses on the internet that are mostly opinion based and are being spread by other newbies who have little understanding of bitcoin. Youtube for example has turned into the worst place to start from because it is filled with bad videos and lots of "price guessers" that are misleading others.
I would always suggest starting from bitcoin.org and reading some of the pages on coindesk.com since their educational articles are simplified and easy to understand for a beginner.
also I would advise staying away from price speculation and only stick to studying bitcoin as it is, which is a decentralized currency.
26  Bitcoin / Bitcoin Discussion / Re: Why don't US gov buy a trillion worth of bitcoin? on: July 17, 2019, 08:47:35 AM
We all know the US gov rules, dictate to rest of the world.
not really. of course many countries specially in Europe are following US like sheep but not the rest of the world and not in everything.

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So if they cornered the btc market, afterwards the btc price could only go up, factor with this  a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
then question is why? what is gained by controlling the decentralized market of the most decentralized currency in the world that can not be controlled and would cost billions of dollars of tax payers money?
your conspiracy theories should always have some explanation for effort versus reward relationship otherwise you are just throwing random thought at us.
27  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency are gonna disappear on: July 17, 2019, 08:38:46 AM
For me, I honestly think that they’re going nowhere. There is no way that the government would control it. However, they can regulate it to control against suspicious transactions or so.

not when they are centralized!
a lot of the current existing cryptocurrencies are heavily centralized even though some of them don't want to admit it publicly. for example tether is one of the most popular centralized altcoins that can easily be closed down and killed. similarly the same thing can happen to ripple, ethereum,... and a lot of others that the government has a place to attack and shut down.
28  Economy / Trading Discussion / Re: BITCOIN CONFIRMATION on: July 16, 2019, 10:43:20 AM
if you are worried about the fiat value of a payment you receive then you have to discuss it with the sender before the payment is sent. you can come up with an agreement about the price and the cases where it has a sudden change but remember that it can cut both ways for example if you were paid when price was $10k and price went up to $13k then you will have to pay back the excess fiat that you received! $3000 per bitcoin!
depending on the size of the payment, the agreement can be a simple verbal one for small amounts or if it is large it can be a legal contract. it needs to address where you get the price from, the time frame the transaction has to be confirmed and the price change percentage that would require extra actions.

but others are correct, you are receiving bitcoin not fiat so you shouldn't even be concerned about fiat value of it. 1BTC is equal to 1BTC regardless of its price.
29  Economy / Trading Discussion / Re: Is this the Donald Pump we've been waiting for? on: July 16, 2019, 10:03:49 AM
that was my initial reaction to this tweet too. there is no bad advertisement and it has put bitcoin on the radar of millions of people who saw this tweet and millions more who read about it all over the internet in the following days after it. and that is one of the reason why I have been very surprised in the past couple of days to see the market reaction which has been mostly passive to this news. I suppose part of it can be because of the fact that people got scared and wanted to wait to see what happens before doing anything.
also someone mentioned the altcoin dumps that might have been the reason for this pressure on bitcoin price preventing it from rising up.
30  Economy / Speculation / Re: Bitcoin Dominance rising again. What is happening? on: July 16, 2019, 09:21:50 AM
There were 2 major price hikes in the history of bitcoin.

I just want to point out that you are wrong about this part, those two spikes are the most popular not the major ones. 2013 itself has 2 major spikes which is the rise from ~$10 to $250 in 4 first month of 2013 which is a 2400% rise and the 2017 rise in comparison looks like a small rise! we had other big rises like that too before in 2012 and 2011 such as the rise from $1.8 to $16.5

an interesting theory about ETH and the alt market effects though, I have talked about it before during certain drops last year that I saw the huge dumps in altcoin market that indicated exit of a lot of money that put a lot of pressure on bitcoin price.
31  Economy / Speculation / Re: This bitcoin news writer wants bitcoin price down on: July 16, 2019, 08:32:39 AM
people like this dude need to be introduced to the long list of bitcoin obituaries to see that they are not the first idiots who came up with such nonsense about bitcoin. we may never know the true reasons behind the scene about why they keep publishing this type of stuff even though this type of FUD is starting to get real old. my guess is that some entity is paying them to publish negative stuff about bitcoin and they simply google bitcoin FUD and change some words and make an article. their employer can just be the news site itself though, it doesn't have to be a big conspiracy at work.
32  Economy / Speculation / Re: How much do you think the President’s recent comments have hurt bitcoin prices? on: July 16, 2019, 08:20:45 AM
if you look at the events of the past couple of days only in the market (looking at charts) ever since that tweet came out you can clearly see that the tweet itself had no effect on bitcoin price whatsoever but when you start looking at the social media you can see that people have been going crazy over it and many of them have been trying to link it to the price each expecting a different result. many considered it to be a bullish signal and many considered it a panic causing thing that can start a drop. it did neither. although I think it was a positive sign that is proving bitcoin's growth and the fact that it is growing so much that is now being noticed. they no longer can ignore it.
33  Bitcoin / Bitcoin Discussion / Re: Would you be mad if satoshi sold all coins they own right now? on: July 16, 2019, 07:43:07 AM
why would anybody get mad because of something like that?
obviously that will never happen because of variety of reasons including the size of it, ... but even if it did, people should be happy that one of the biggest nonsense discussions would end for good about how much bitcoin Satoshi has and what happens if he sells. it is like the bandaid that you pull off once and for all instead of poking at it every day. and on top of that it introduces a small portion of the supply back into circulation again which will again address another nonsense discussion about "is there enough bitcoin for everyone"!
34  Bitcoin / Bitcoin Discussion / Re: USA Government Adopting Crypto? on: July 16, 2019, 07:31:02 AM
regulation of the market has always been a goal and it is already partly in place, it is not like bitcoin and its market is 100% unregulated!!! so you can't say it is a new thing that they are suddenly looking into. additionally regulation doesn't mean adoption by the government not to mention that government does not adopt bitcoin, it is the regular people that do. even in Japan, government didn't adopt bitcoin they only regulated it and accepted bitcoin as a legal way of payment.

also I think it is too soon to be excited only after seeing an interview. "talks" don't matter as long as there is no action following them. lets get excited when more regulations were put in place and after we examined them to see if they are going to add restrictions and make things harder or are they going to make things easier. because it can easily go both ways.
35  Economy / Trading Discussion / Re: When Binance bans Americans - Will the low liquidity cause flash crashes? on: July 15, 2019, 09:03:26 AM
as most of the volume for Altcoins comes from the USA.

there is absolutely no way you could possibly know that unless you work in Binance and have access to their KYC submitted documents!
and they are not banning US users, they are only forcing them to use their other website which all of these different platforms all link to the same database with the same liquidity more or less.

Quote
So - my concern is that there will be major flash crashes in about 6 weeks time, due to the low-liquidity.
it might happen but I'd say there are much bigger concerns when you are in the altcoin market and the risks of altcoins getting dumped for literary any other reason and also the sizes of those dumps is a lot higher than this risk and they are getting dumped and see flash crashes every day anyways so it wouldn't even be a new thing!
36  Economy / Trading Discussion / Re: My Trading Journal Makes Me Money on: July 15, 2019, 08:50:11 AM
it is a good thing that you are keeping track of what you have done and also analyzing it.
to me it seems like you were misusing stop losses and your decision making about entry and exits were not so good. and that has nothing to do with patience. it is all about wrong analysis of the market and I have had the same experience too. sometimes you see some hype in a shitcoin and think it is going to get pumped so you ignore the other signals that are right there on the charts and then make a bad decision. the same thing is about selling where you see the hype and don't sell and continue bag holding just to end up losing a lot of money.
analyzing these mistakes I have made helped me a lot in never repeating them.
37  Economy / Speculation / Re: Question of the day: What is your price prediction for bitcoin ? on: July 15, 2019, 08:25:03 AM
first of all you can not be sure of WHEN bitcoin price is going to reach a new ATH such as $100k so saying you are "sure" it will reach it in November only shows that you don't understand how the bitcoin market works and your speculation is pretty low quality.

secondly if we set a new ATH that is 5 times bigger than the last one, the drop that follows (the bubble burst) is never going to be such a gigantic drop back down to where we began. it would be like falling to $900 after reaching $20000 in 2017 which was simply impossible so is dropping down to $20k as you suggest.

to top it all off your time frames are ridiculous! you think bitcoin can go up 900% in 4 months and then fall down 80% in 3 months! we have called bitcoin price a roller coaster but what you are expecting is a rollercoaster on steroids Cheesy
38  Economy / Speculation / Re: Calm down. on: July 15, 2019, 08:17:08 AM
The price really can disburb your inner peace. Its strong volatility and agressiveness makes it more exciting to invest but let your emotions makes your thinking unaccurately. Just calm down and observe because there's more to come in bitcoin.
Panicking are around the market, they always react every time the price down. A down price of $2k is indeed a big dump but we should remain focus and not panic, we can still expect another pump in the next days I’m confident about this one but I doubt for those week emotions to stop from reacting in the market.

I just regret losing the time to sell and buy again in the dip this time as I always try to do Grin Grin Grin

It's completely normal these dips of BTC
Regrets only if you don’t commit with your goal especially on taking profit. If the price is cheap again then keep on buying more bitcoin because you will have the chance on making higher profit. If the market recovers again, for sure it will be another regret to you on not buying during the dump price.

My goal is to accumulate more BTC as possible, but I already have a lot of fiat money invested in BTC, so put more fiat is not an option, what I do is sell and buy in the dips to have more BTC, but it's hard to stay connected every day, I have more activities to do and sometimes I lose the timing

I usually do the same thing and I have in the same boat of not having enough time to do it every day. of course the good news is that it is a lot easier to do it at certain cases than others so I don't really have to do it every day. basically I trade bitcoin every time I am absolutely sure of the direction it is going in. for example these days we are in the bull market and buying any dip doesn't require much thought.
39  Economy / Speculation / Re: Mark Yusko: Bitcoin can go up to $ 30,000 without correction on: July 15, 2019, 07:31:57 AM
Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

he thought wrongly, because now it is proven that the price of Bitcoin is down (correction) so that what Mark Yusko said was wrong and in my opinion it is impossible for Bitcoin prices to increase very high without making correction, because every coin price including Bitcoin will definitely be corrected when the price increases very high, so I don't believe what Mark Yusko said if the price of Bitcoin will increase to $ 30,000 without correction.

Of course, who would believed that the price will continue to grow overtime without any market correction. Technically we won't see the price going on parabolic rise so him saying that is just complete non-sense.

yeah well as we can see now many believe in such nonsense and even say it and many others believe in it too for some reason. I think some people are incapable of looking at the charts or maybe they see it but are incapable of interpreting them which would explain a lot if that is the case since it would show how they see the same trend but still expect a different result.
40  Bitcoin / Bitcoin Discussion / Re: Trying to make sense of bitcoin on: July 15, 2019, 06:54:10 AM
I actually don't understand first one either. All cryptos can be used for payments worldwide, and they are far cheaper.

well if you stop thinking of bitcoin and altcoins as investments and start ignoring the price while seeing them as currencies then you will get your answer.

put yourself in the shoes of someone who wants to make a payment online. you have the options that you have been using for years (fiat payments including credit cards, paypal,...) now if you want an alternative you are looking for certain aspects such as being decentralized, having full control, having high security, being fast and cheap,...
now all of that is offered by bitcoin but not altcoins. many of the altcoins are centralized, they are not immutable, they are very slow and most importantly lack security. many of them are poor copies of bitcoin so why would you ever choose them instead of the original?

you see when you are just looking at altcoins as investments that get pumped and give you profit you ignore things such as lack of immutability (in other words having transactions reversed!) but when you want to use it as a payment, you will care about things like that a lot.
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