There is a reason why bitcoin price surge in 2017
from three thousand us dollar to five thousand then goes up to 20k
during that time bitcoin is Introduce to public and they are slowly
getting interest to invest on crypto , suddenly it started a bull run
and the public goes crazy over it excitement and everything
they buy bitcoins to hoard, then a news breakout china is banning bitcoin and exchanges, also closing mining firms, all kinds of fud
release over the internet, and the price declines
Now bitcoin is under fire again with Bakkt first day of trade price crumble again but slowly regain, they say october is the time that it will reach 16k are we gonna see 20k+ by november ?
feel free to share your thoughts dont be rude to everyone smile
Bitcoin reached the price of $ 20k in November in my opinion is difficult because we have at the end of September and currently the price of bitcoin is in the range of $ 8100. I think we should be realistic that this year is already good enough for bitcoin because the price of bitcoin has increased after falling below $ 3,500 I think this year maybe, because as you can see in bitcoin price chart every year it set's its all time high, but last year was exemption. and I think this year, maybe this year it will hit the new all time high. Bitcoin mass adoption is starting so it is very possible to happen. |
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All exchanges around the world require customers to perform identity verification through KYC. This helps exchanges prove their customers' identity with the government when requested. However, they still provide a limit to unverified users. This is suitable for bounty hunters like me when you do not need to pass the required KYC requirements before performing background operations in exchange platform.
KYC is not safe at all when it comes to bounty because a lot of bounty is a scam. I can say that KYC is not recommended at all because it will be against with the no.1 uniqueness of bitcoin the decentralization and the anonymity of it's user. Bitcoin is created so that the Government and banks can't regulate it but if you will add KYC to use the currency it will just defeats it purpose. |
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For me holding always win, because long term holding always brings you profit, yes it is not like day trading that will gave you a lot of profit when you keeps on winning, but when you are holding your coin it will lessen the risk to lose it all. I am a holder and a trader I can say that both are good.
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After the long time anticipation of most traders on the result of Bakkt's rally, unfortunately it was not positive, critical observations and analysis has revealed that bitcoin has broken below both the symmetrical triangle and the descending which has resulted in a declination below the 200day EMA now. This will automatically extend the bearish market.
What a painful condition. The big investors sponsored the failure by selling out the news. How else/how well can we manage this moment,to get the best.
Well Christmas celebration is not everyday just like the prices of cryptocurrency also. But everyday can enjoy the spirit of Christmas right?so why not just celebrate while the price of bitcoin is falling?on how?by buying another amount to add in our holdings? In this way we can be assured of profits sooner while Bitcoin is news Halving . Bitcoin is for long term investment, just sell your bitcoin when you need it and obviously don't sell when the price is very low. Let's put in mind that the bitcoin is for long term investment, the price of it is keeps on pumping every year, I am sure before Christmas the price of it will be our new all time high. |
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I believe when it comes online there's no privacy or security. try cold storage or paper wallet. If you will use that kind of wallet I am sure that you will get the privacy and security that you want. If you want to be secured avoid online wallet. cold storage wallet or hardware wallet is the best.  |
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Would it not be cheaper to just start using bitcoin directly by accepting it rather than to have an atm to draw fiat with then go to trade?
I think if they are used it will make more sense to have them places in a huge shopping mall.
Who will place the BTM there? They will take a fee and have to fill the machine with fiat. What legal things must they do I wonder. They must need insurance from a bank maybe as well?
I would prefer to use the bitcoin directly but the problem is most of the store don't accept bitcoin as mode of payment so the option is to convert it into fiat, I think those kind of ATM will gradually help the bitcoin users and the community itself. And also I think it will also affect the people to invest in bitcoin with that kind of machine you can see in public. |
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PLEASE READ THIS POST ENTIRELY, NOT JUST THE THREAD TITLE!
I know of a service where you can cash out your BTC anonymously - are people interested in that? Should I share it?
Are there people on this forum who would like to know how to cash out BTC in fiat ANONYMOUSLY via their preferred way of sending the fiat?
I have found a way to do it but I am not sure whether it is allowed to post it here or whether there is enough interest to post it
The best way to do it is p2p or use bitcoin mixer, if you use bitcoin mixer your transaction will became anonymously, and after that cash out on the nearest bitcoin ATM located in your area. no need of any service just bitcoin mixer is enough. and of course the p2p is obviously a good way too. |
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Entertainment industry is big, so I think it is good for us traders and holder, because of that the price of the cryptocurrency will go up because they can use their popularoty to promote crypto, then it's a win for us. The bitcoin will be know and many individual will make an investment to it!
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I know Brazil looks like the only country like that but I can count at least 10 countries who are having the same problems. Yes Brazil was never a big huge economical country so going even worse meant a lot worse things but look at USA, even they are not doing that well and in a world where USA is not doing well because of idiots at power, it is not a wonder that third world countries like Brazil and all others not doing well neither.
I would personally wait it out, I know it is really difficult to manage financially right now but as a person who has seen multiple economical crisis all around the world thanks to my age, I can tell you that after the crisis is always the best time to make money, you have to just not make any debts during the crisis itself.
Inflation is the main problem of this paper money but economist claims that its good to have inflation in the least rate but in the modern days inflation keep increases every year and many developing countries facing huge economical crisis and soon it also will after the developed nations as well.What you said is right main cause of this problem is idiots at poor and theory poor financial management of total economical funds. When the government keeps on printing money for their own good, the money will just break down. Inflation is a serious problem in a lot of countries, poor leadership will result to breakdown of the community and economy. But I think it's not Government is to blame, even you are the smallets part of the community you can do something to get a better life. |
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Centralized national crypto currency for each country will make the transactions more faster and will make the banking service more reliable but its not going to make much benefits like financial freedom which can be obtained only by using decentralized cryptos.
Agree to this, we have centralized cryptocurrency which is actually a good one, XRP is doing good actually as centralized crypto. I think centralized one will boost the economy because just like XRP the transaction using it is very fast! and besides the Government can collect tax to centralized crypto so I will go for the centralized cryptocurrency can boost countries economy. |
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Bitcoin is starting to be legally implemented in majority of the countries, so I think that is a big step regarding the mass adoption of crypto, maybe 5-10 years form now the bitcoin will be adopted all over the world. Cryptocurrency will be our new mode of payment.
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I started to think about it. How a bank and folks could issue loans to people?
Currently, when you need to borrow money, your banker just edits your balance account and create money magically. You then pay back monthly.
Banks won't be able to do that with Bitcoin with its limited supply. You can't print bitcoins.
But now, between folks. Let's say I'm the banker and you're the customer looking to borrow money to buy a house. I can lend you the money but how to be sure you will pay me back with full interests? With banks, the solution is easy, the bank seizes the house and you can't do something. But the average Joe hasn't the same 'power' than a bank to collect a debt.
The only option for that is p2p lending because bitcoin is decentralized so I think there is no way to have a great system for that. p2p lending is the best option, we have a lending section here in forum, so I think that will be enough just provide some collateral or just simply having a trusted account profile will be enough. |
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"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."
where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
there is crime everywhere, I think it will not affect the price in general, but that certain coin that is hacked is the one that will be affected just like the XEM the largest heist in history. XEM became a lame coin after that incident but the cryptocurrency as a whole is not affected at all. |
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simply using bitcoin is taxless, so I think that is enough. Bitcoin is decentralized and the Government can't keep a record into your crypto holdings so you don't need to pay tax at all. we just need a mass adoption to became a cashless society.
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What is this " new world order' , did you red about it in a sci fi or is this your dream?
This teory will not come true,ever. In this case the nations or group of nations will be giving up control to other nations which are their economic competitors. They will not be able to make decision made on their own economical benefit, therefore this will not happen.
One Government for all nations? that is not possible because each nations have different religion. and actually regarding bitcoin some country ban the bitcoin so I think this is not possible at all. that will just happen in anime or sci -fi movie haha. |
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I used to trade in the US stock market, I was trading on nasdaq and it was pretty good even though the profits were not as high as in the crypto market.
but when trading in crypto, one day I can earn 1k $ but the market has taken back all my capital and profit. The market doesn't follow indicators, it just depends on shark news and trends.
I have never seen a major manipulation like the crypto market and trading here is very risky.
Thats true about Bitcoin and other cryptocurrency trading, you can easily lose all the money just as you can gain them, there are signs you can follow though, I have noticed that whenever there is a FUD or uncertainty spreading around, it always ends with the value spiralling down. you can't lose if you put a stop loss in every trade that you make, that is what am I doing so I can limit my lose but I can maximize my gains in trading. Patience, that is my key in every successful trade, and just simply following the trend will make you a lot of money. |
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Any suggestion for things that we could invest and make money at the same time
day trade and long term investment/holding. That is the best way to make investment and make profit at the same time. day trade will make you a profit but just follow the trend so you will not lose your trade or put a stop lose to limit your loss, and holding of bitcoin is the best long term investment for me. |
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What practical use gold have.Gold input cost more than input of bitcoin
You can"t forget that there is blockchain behind bitcoin .Disruptive technology what will be used by Microsoft even
We have more and more services what allow to pay with bitcoin
And Bitcoin is only 10 years old.Where was internet after first 10 years
If Bitcoin can hurt economy then what kind of economy it is.
Actually bitcoin will hurt the economy, in terms of not recorded spending and actually no tax at all. Bitcoin will delete the middle man which is the banks and government, so yeah, the bitcoin will hurt the economy but it will let people be free in tax that is given to the government. Let's just face it, bitcoin have pros and cons. |
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BULL'S GROUP - always putting money into the market and does not take out often, more like long term investor.
BEAR'S GROUP - always taking money out of the market often, more like only interested in making money in a short while, i mean short term investors.
BEAR'S GROUP!! because my when I trade I am just doing a minute-hour trades and taking the profit just like that, I am making an everyday trade because I think that is more profitable, but I have bitcoin savings for long term basis. but what I actually do is day trade. For me I feel balance but I enjoy my day trading. |
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I have always believed the current monetary policy in our society is not a reflection of how nature ought to work, but man-made manipulation to keep many always chasing money and make them to be slave for life, while just about 10-20% in every society just control the nation's economy. The banks just print money and loan it ought causing inflation, making the poor poorer.
The goods price is getting higher but the salary will still the same, that is really happening in many countries, I don't know if it is natural or just the government are just printing money for their own good. And I think because of that sooner or later will fully adopt the cryptocurrency. Because cryptocurrency is the escape for government's manipulation. |
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