I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.
You know the market isn't predictable, right? You also know that the crypto market doesn't follow any pattern. What makes you think this drop is the same as the one that took place 4 years ago? And what makes you think a significant drop has taken place? The price just went above $60,000 USD for few days. And it is not back to it's normal price. This is nothing new. Threads and posts like this only creates FUDs and FOMOs. If you want to make posts like this, make a post with facts backing up your claim. And yes, people die every day. Many people will dies before bitcoin crosses $100k. What are you trying to say over here? |
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Bitcoin has a massive crash and it's going to be down and down.
We enter a bear market. dark time for btc.
Seeing it for the first time? Look at the charts and bitcoin history. The crashes are very normal. And what makes you think now is the perfect time to sell? This is the worst mistake someone can make. You don't sell after the crash happens or when the bear market enters. You sell when you have made profit and during the bull market. What if the price stops dropping after you sold all your coins? Will you be buying more after you have sold at a loss? |
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Hello Guys,
Trx, Zil and SXP, I am wondering between these 3 coins. Trx can x10 go 1$ like ADA?
Thanks for advice.
You are asking something that no one can answer. No one knows if any of those coins that you mentioned can go x10 or not. If someone says that they know it will go up multiple folds, then it's likely they are shilling for the coins. People shill for shit coins a lot. I haven't heard the name of any of those coins (except trx) you mentioned. Why not invest on coins that are well known and well established? Hold them for long term or until you have reached your profit goal. |
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Her birthday was just a few days ago, and I was thinking in doing something different. She already knows that I am into cryptocurrency for a long while, and she was also exploring it recently. I was asking her if she would like some Ethereum as a gift for her birthday, and she never hesitated to say yes! However, she didn't expect the amount that I've sent her.
She was expecting way less, but I sent her $100 worth of Ethereum (+$6 in gas fees) and she was all smiles thanking me for it. For me, it's such a great feeling to give her something like that, as I love her very much.
It's good that you are exposing your little sister to blockchain and new technologies. But make sure you teach her the basics. Teach her how to keep her wallet secure. Tell her to always backup her wallet no matter how many coins she has in it. Even if its dust, tell her to create backups. Remember, those dusts might be worth thousands of dollars after few years. Make her aware of all probable frauds and scams  . Tell her not to fall for those FUDs and FOMOs. Finally, hodl (is not everything and very toxic. Tell her to sell if she wants to sell). |
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The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.
Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.
Are you new to the crypto market? This has been happening all the time. Just because the price dropped, it doesn't mean that it is the end of bitcoin. Look at the charts and you will see that those drops are quite normal. In fact, now is the perfect opportunity to buy for coins and make the most profit out of it. The recent drop is due to some events like Turkey putting a ban on crypto currencies. The drop is temporary and everything will be back to normal once the FUD is over. |
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Am I the only one who finds his tweets and market manipulation annoying?
A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.
Nothing new over here. Dogecoin has been constantly dumped and pumped before Elon even started tweeting about it. He does it just for the lulz and enjoys how people react to it. Look at his twitter . Memes and sarcastic posts. Now what's funny is that he isn't misleading anyone. He doesn't even shill or tell anyone to invest in dogecoin. On his last tweet he just said doge barking at the moon (it's actually the name of a painting he posted but called "dog barking at the moon" haha). People know what they are getting themselves into. They know it is all a joke yet they still invest so that they can profit from it. It's like everyone is aware that every time Elon tweets something with "doge" included, the price will get pumped and then dumped without any reason behind it. |
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Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they?
Bitcoin is decentralized, not the exchanges. Hence the government can shutdown the exchanges, but not the network. Shutting down the exchanges doesn't mean that the government is controlling bitcoin. Think of it like P2P torrenting. At best what the authorities were able to do is just seize the websites that hosts illegal/pirated contents and shut it down. But where they able to bring the network under control? Nope, people still pirates. It's the same in case of bitcoin. Shutting down centralized exchanges won't help government control bitcoin. But they can indirectly do so by imposing strict regulations and policies. |
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This is about how do you make sure that you are gambling in full control. There are many people who are easily brought into gambling beyond fun and that is a problem for them and also for the gambling industry, because it is for them that there are limitations in many countries.
Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?
I don't gamble much, but I used to before just for fun. During those time: - Not really. I would just gamble when I could or would want to - Nah, I am not that stupid - Only when I was bored and wanted to have a little fun - Does friendly poker games with few bucks in pot counts? lol - Never had the gambling issue, so didn't need anyone to help me control |
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In one survey, more than half of gambling companies had seen a significant increase in the amount of people that are spending on mobile gambling apps. And there have also been an increase in the amount of people that are playing slot machines and gambling online at their mobile phone. This is a worrying trend especially when it comes to the young population. While it is impossible to say exactly how much money is lost by gamblers each year, experts warn that many have likely ended up losing their life savings.
Much of this is a result of the pandemic's and lockdown's negative effect. Since brick-and-mortar casinos are no longer available in many countries, people are moving to mobile and online platforms.
Because smartphones can now handle everything a desktop can. I mean browser support is now stronger than ever. Hence, people can gamble on the go with ease. But why is this worrying? No one is forcing them to gamble. They are adults and they know what they are doing. They are taking decision and they should know that their decisions will have consequences. As long as they are enjoying gambling and not causing themselves or others any harm, then there is nothing to worry about. If it's causing harm to you and you are in denial (despite people trying to help you), then you are to be blamed for what you have done to yourself. |
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We have certainly come a very long way! A decade ago no one knew what bitcoin was, and almost every knows or have heard about bitcoin. Every news portal and media outlet talks about bitcoin almost everyday! The future of bitcoin is bright. But don't expect it to replace fiat currency or use it as a regular currency for making day to day transaction. Bitcoin does indeed have a few flaws that makes it not suitable to use it as a currency that we can use daily. But who knows, genius minds out there might come up with a solution that won't break the protocol but make it easy, secure and fast to use. As for now, it is an excellent store of value.
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If banks and governments create their own cryptocurrency, will the people still be the ones to give value to it like Bitcoin and will we be able to store it in our own ledger to protect our own money?
If the government and the banks creates a crypto currency, then it is going to be a centralized coin and will highly likely be backed by fiat or something. The market won't be a decentralized market, hence we won't be determining the price. The price will be determined by the central banks. The banks will keep on issuing or minting the coins as long as needed just like fiat currency. In other words, a government controlled crypto currency is just a regular fiat currency, but uses the blockchain technology. Most likely, yes. Otherwise, what is the point of creating digital currency?
So that they can easily track and keep an eye on the people? |
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Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!
Thank you.
It is a real coin, in fact one of the oldest. It has any excellent use case? Other than the fact it is used for tipping users in community, nope. It gets pumped and dumped regularly. Every time Elon says "doge", the price skyrockets and then falls. Dogecoin didn't have any active development until the last price rise. When the price started to go up, the developers decided to work again and keep it updated (at least that's what I have heard). Not a fake coin, has active community but too risky to invest. |
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You can be easy to read if you keep on repeating whatever you are doing or follow certain pattern. In poker, you have to be unpredictable by playing your opponent. If you keep on folding when you have a bad hand, you become very predictable when you have a good hand. When you keep on folding when the cards flop just because you don't have good combination, then people will know when you make a move, you have a very good pair/combination. You should be very random. Play bad hands! You can also achieve this through bluffs! And try to call peoples bluff sometimes. When they see you fold every time they bluff, they can take a very good advantage of you.
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What happens to all the coins in lost wallets in the Bitcoin system? If there are only a finite number of coins, won't they become increasingly scarce as people lose them over time?
The coins on the wallets are lost forever and there is no way to retrieve it unless someone recovers the private keys, which is almost impossible to do so. As more coins are lost, bitcoin becomes more scarce as the number of bitcoins that can be mined is capped to 21 million. Which means, bitcoin will become more valuable as more people loses their coins. Imagine how many coins are lost every day. If you combine wallets that had few satoshis and the owner didn't care about it since it was worthless back then, we probably might have thousands of bitcoin in total. |
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What a shitty move by the Turkish government. Any proper explanation as to why they did this? Why are they "worried" about their citizen lol. Almost every citizen that invests or gets involved with bitcoin knows what they are doing. Why does the government has to be concerned about what their people are doing "willingly"?
So banned only as a mean of exchange for goods and services only? This means they can do p2p transactions? And maybe sell their coins instantly for fiat and buy the goods and services?
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I just got to find out the importance of saving asset in bitcoin. As of last year October I just decided to split my savings into two and used half of it to buy bitcoin then took half to bank and deposited as fixed deposit which means I won't be taking the money for a period of time and bank will in return be giving me little percentage which I will take as profit, recently I tried comparing the profit I get from both bank and bitcoin, I found out the profit I got from bank is way low compared to what I got from bitcoin, then I decided to stop keeping my assets in banks rather I keep it in bitcoin which later turns out to be an investment for me.
It is better in a sense that you are holding it for a long term. Banks will give you a guaranteed profit every month. Bitcoin won't do that. There might be months where you might have not made any profit holding bitcoin. Again, you might even see that your profit has dropped and you are in loss (though remember, you don't make any loss as long as you don't sell anything). But banks will give you a certain percentage of profit every month. But when taking inflation into account, the bank investment returns that you will receive may not be good in the long run. This is where investment in bitcoins excels. In the long run, if anything "bad" doesn't happen, you are guaranteed to make some hefty profits. |
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If the news will announced that major exchanges was hack or other big news and we see big drop in price for %50 this is awesome.
People tend to quit then instead of invest. Love the downs love the bear market this the best thing you could have.
History repeats itself and the price wil lgo parabolic again
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
― Warren Buffett
This is so selfish if you think it is awesome when an exchange gets hacked and the price drops. What if you were one of the users affected by the hack? What if you lost all your coins in the exchange due to the breach? Would you like that? Would you still be happy when the price drops? No you won't, unless you are some sort of maniac a guy who enjoys these sorts of events. |
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Events of the animated series are often brought to life. For example, in one episode in 2000, the authors referred to former U.S. President Donald Trump.
In the new episode of "The Simpsons" from April 11 the authors predicted an endless rise in the price of Bitcoin. It was noticed by Reddit users. The episode tells about speculation in financial markets. A ticker with quotes appears on one of the frames, in which there is an infinity sign opposite to bitcoin.
It is noteworthy that in February 2020, the authors of the animated series already produced an entire episode devoted to cryptocurrencies and blockchain technology called Frinkcoin. This was mentioned by the head of Binance, Changpeng Zhao.
The writers of "The Simpsons" have previously made several successful predictions. For example, in one episode from 2000, Donald Trump was named the former president of the United States.
Also in the ticker of the new episode of the cartoon appear stock quotes of video game stores GameStop (GME). The value of the company's stock increases by $1 trillion, and then immediately falls by $2 trillion. Thus, the authors of the cartoon series were reminded of the "pamp" of GameStop stock, which was caused by the WallStreetBets movement on Reddit.
In January of this year, users of the site were outraged by the fact that hedge funds were opening a large number of short positions on GME, which reduced the value of the stock. As a protest, investors from Reddit began buying up the company's stock, which led to its rise in price by 1,941% in just a few weeks (from $17 to $347). On April 13, Gamestop stock is trading at $141.
The cost of bitcoin on April 13 updated its all-time high at $63.1 thousand. As of 12:30 MSK, the value of the main cryptocurrency, according to CoinGecko, is $62.4 thousand.
I would say those are just coincidence. I mean, look at most of the events they "predicted". Those were bound to happen based on the current situation. Look at how many episodes they have. Maybe more than 500. Out of them, only few episodes predicted something that was actually bound to happen. Once again, those are just coincidence and nothing else. And for the recently predictions, they probably look at what's trending/happening now and makes a new episode and hopes that it is going to happen and people go all crazy lol. The price of bitcoin is supposed to grow and they know that. |
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Lol, stop spreading your hate for bitcoin. Spreading FUDs won't get you anywhere. In what terms is bitcoin losing its dominance? It's still the most using crypto currency and is still on the top of the charts. When someone says "crypto currencies" the first thing that will come to someone's mind is "bitcoin". Not some random shitting altcoins.
And what's this "bullish season" you are talking about. Are you saying it's the season for those scam coins to get pumped and you are trying to gather more people to do it?
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So far only huge (and few) institutions are investing in bitcoin and other crypto currencies. Good thing some people now have the options to pay rent using bitcoin. At least it showing signs that people are willing to "accept" bitcoin and other crypto currencies as a regular currency. But how many people are willing to use it? Wouldn't it be much easier for them to use fiat to pay their rent? Wouldn't it be an extra hassle and loss of opportunity for them to give away bitcoin. You know that right, if you transact bitcoin, you create a taxable event...
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