Here are some scenerios that can cause the price of btc to fall drastically. (In my opinion, it is highly unlikely and the possibility very slim). (1) No way to trade bitcoin or exchange it for goods and services. (2) All governments of the world placing a ban on bitcoin and bitcoin related activities making it highly illegal. (3) The entire bitcoin network and nodes going offline making it impossible to even make underground transactions in bitcoin. (4) Another crypto overtaking bitcoin and value and more people shifting investment to this new crypto. sourceIt is a decentralized market where the price is determined by the demand and the supply. As long as there is one person who will buy bitcoin (creating a demand), the price will never go to zero. And I am sure there is at least one single person in the earth who will still want to hold and buy bitcoin even if it crashes very badly. Again, it is a decentralized coin and the government can't ban it. There is no central authority who government can ban. If they wish to truly ban the coin, they will have to ban each and every citizen from using it and closely monitor them. |
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So nothing official? Just Ripple claiming that they are the early winners? Lol, what if they lose the rest of the steps? Wait for official announcement before you start doing anything. XRP shills and holders are probably trying to take advantage of this situation, create FOMOs and cause the price to pump so they can dump it with profit.
I have a very strong feeling, all these are just "words and talks" so that people don't dump their coins. People already did dump early and if more dump happens, rest will lose their faith from ripple.
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Who told you no one controls the price. Everyone together sets the price of bitcoin and other crypto currencies. This is how the decentralized market works. The supply and demand determines the price and it is us who creates both the supply and demand. But unfortunately, manipulations do take place from time to time, but those affect the price in the short run. Whales can manipulate the price by causing an artificial shortage or abundance in the market. But as more people starts to enter the market, the harder its going to get to manipulate the market. The only disadvantage is that it may cause a huge volatility (again for a short term) from time to time due to FUDs and FOMOS.
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-snip-
More banks = More Money
More banks can also help to keep the dollar and other currencies stable, as it is because a competition exists between banks which helps to keep the dollar or any other fiat currency stable. It will also help to keep the Bitcoin and number of other cryptocurrencies stable as in near future banks will also accept bitcoin so they would want to keep the bitcoin stable to prevent from losses. Which means that if a whale who holds thousands of bitcoins sells it to dump the market for his own benefit, may fail to disturb the market. It will also provide the security to cryptocurrency. Banks are also good for economy growth and it helps the governments to pay and collect taxes. If there will be more banks, governments would want to reduce or even remove taxes from cryptocurrencies as they can earn sufficient amount through banks to run its economy.
That's not how banks work, you know that right? Even though there may be many "commercial" banks, there are few central banks. The commercial banks cannot make money. So more banks doesn't mean more money. Even more central banks, doesn't mean more more. Those reserve banks work together to make monetary policies and if they print money, they do it in such a way that it won't cause much damage to the economy. Having a lot of commercial banks also doesn't mean that it might be able to stabilize the currency or cause economic growth. In fact too much competition is unhealthy, and since all banks are regulated by the central banks, this means that the commercial banks won't be able to compete with each other and will have to set almost same policies (like interest) causing many new banks to have little to no customers at all, |
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This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin. https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soonWeekly ascending triangle close to a breakSince the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside. If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain What is your say on this? As for me I think bitcoin price may likely still increase soon? There are whales that spread out their bitcoin or any other coins in different wallet address, you know that right? They don't want to be holding 1000 bitcoin in one wallet and then unfortunately lose that only wallet. You can never know exactly who is holding how much bitcoin. And are you sure the volume of coins being held in a single wallet is actually a good way to predict the market? I don't think so. If that was the case, whales could easily manipulate the market by just messing with the volume of coins they hold on different wallet address. But who knows, you might be right. A bull market might be coming soon, but I wouldn't prefer that. At least not now. |
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I have been thinking...
Would it be totally crazy, if I gave 10-15 bitcoins to a woman, who helped me in a really really big way when I was younger.
I mean, would she think I was crazy if I do it?
Would it be a positive thing? Or just weird?
The coins were not worth much when I got them, so from that perspective, it's not THAT big a deal, right?
I would gladly give them to her, but I fear it could have a negative effect to what little friendship we have
And she is married with kids, so while I will always like her, there is no hidden agenda on my part here.
Lol, 10 to 15 BTC is a lot of money. Doesn't matter if the coins weren't worth much when you got them, what matters is the current value. But if you really want to give her the money, then who are we to stop you. It's not weird, but kinda weird to see a random dude give like a shit ton of money out of no where. The husband might be a bit shocked for a while, but trust me he won't care much as soon as he sees all those money (as long as her sweet little wife is very loyal to him). |
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I really doubt those self exclusion schemes actually work. I have seen people self excluding them and the few days later, begging the casino to undo the exclusion before it expires. I have also seen casinos accepting their request. I remember reading a thread over here about a very "well known" casino that removed a self ban/exclusion from a user after the user requested and the user started to complain how that casino ruined his life. He started to say stuffs like how the casino knew he was addicted to gambling yet, they didn't care about his wellbeing and let him continue to gamble. The user who posted either lost everything and is now trying to act like an addict to recover something from them or is truly an addicted and was harmed by the casino.
In the end, whether the exclusion is going to work or not depends very much on the casino and how strict they are.
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Some people consider it as a profession/"occupation". But I wouldn't if I were them. The crypto market is very volatile and making is a full time profession is very risky. There is no guaranteed source of salary/income from crypto trading. You may be left without anything at all! You may make some good profit in a month and the next month you may make nothing or lose everything. How are you going to pay your bills then?
Maybe keep crypto trading as a side hustle?
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It's not that big of a deal, especially since they didn't even talk about Bitcoin seriously but just got in briefly mentioned in a text message. To be honest, they're a little late with Bitcoin. Mr. Robot has cryptos as one of the central topics of the show; The Big Bang Theory did an episode dedicated to Bitcoin. Big Mouth mentions Bitcoin, and so does Atypical. I mean, it's better late than never, but a brief mention like this is probably something that only Bitcoin users will actually notice and appreciate; it's not much publicity-wise. You forgot to mention Silicon Valley tv show. They had this few whole episodes about crypto currencies. If I remember correctly Gilfoyle even made a presentation on how crypto currencies work (and how much he regrets for not investing in Bitcoin) and what ICOs and stuffs are. They ended up doing their own ICO for their own project. Have a look at this http://www.piedpiper.com/Too bad the show ended. It was good. Should watch if you haven't. |
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With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?
This be in the form of trading. Use of the currency? creation of? education. etc
What are your thoughts on this. Could this cryptocurrency help people give some new direction?
No it won't. What makes you think bitcoin can help recover/save the Economy? In form of trading? Like how? How does trading even help drive the economy forward? Crypto currencies are just a form of currency which can be used for making transactions (and currently in a very limited form due to various issues and government policies/regulations). To save or progress the economy we need growth in productivity, increased capital and so on. If we invest everything in bitcoin and keep holding it, we won't be causing any economic growth! |
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It looks like the downtrend on the financial system is inevitable. How do you think this will affect crypto? People used to refer to gold in the past, will they move to crypto this time instead?
I kinda think, that the upcoming crisis actually gives crypto a chance.
And I have a feeling the same is going to happen again. People will move towards gold when the financial crisis starts hitting globally. Look at what happened to the price of bitcoin when the pandemic first hit and caused a major disruption to the economy. The price started to fall and everyone started to panic. But the opposite started to happen in case of gold. Gold started to rise and ended up reaching the all time high. So we can expect the same when a global financial crisis starts to happen. |
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As per the all the researches. Now commenced the Alt Season. Lot of giant youtubers , Websites indicates that alt season started.
I also personally believe that April for ALT. What is your experiences and view about this ?
Don't fall for those altcoin season bullshit. Those youtubers you are talking about are probably shilling for some altcoins. Don't listen to them without doing your own research. What is this altcoin season everyone keeps on waiting throughout the year? Lol. Is it the "season" where shit coins gets pumped and dumped? Well, go ahead and invest in those coins, but don't regret or cry later when you see that you lost all your money investing in altcoins. |
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Predicting prices when trading does not only rely on price analysis in the market, but we must also see the news related to the coins we are going
to buy. The conclusion is to get profit when trading, depends on many factors. So relying solely on price action isn't a good thing to do, because price
action is only one part of technical analysis to predict prices in the market. Therefore there is technical and fundamental analysis, this is
to convince us when predicting coin price movements.
If it doesn't rely on the price analysis, then how can you even predict? I thought you need "data" to predict what is going to happen next and analyzing the market is the best form of gaining data. True, just looking at the market won't help. The price also depends on the factors and events that can trigger price changes. For example, look at how the price of doge coins fluctuate when Elon starts tweeting about it. Look at how the price of bitcoin went up when paypal and tesla started to support bitcoin. So keeping an eye on the events also plays a huge role when it comes to price predictions. |
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People be like Don't always sell all the coins and tokens you own because they can rise in future but I've hold so many coins since 2018 and only very few gives me 50$ to 70$  today, isn't this laughable?? I be like It's always wise to hold only very popular coins for future sake like the period we are in presently, not all altcoins will pump and give you a thousand dollar gain or more, if I've spent my time to gather top altcoins I would be in happy mood right now Isn't this obvious? Those who hold those random altcoins (scam coins and shit coins) have no clue what they are doing. They probably saw the price getting pumped and kept on holding thinking that the coins will go higher in price. When they keep on holding, they all of sudden realize what they got into, but by then, it is too late for them. If they sell, they will make massive loss, if they don't sell, they will make even more loss. It is better to hold coins that has an active community and are constantly being developed. Those are the coins that will give you long term profit. |
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It is also true in case of online casinos. People have turned to online gambling ever since the pandemic has hit. We did see a rise in the number of gamblers last year. With cases rising back again to it's peak, some countries might once again put strict restrictions everywhere or may even go back to an initial lockdown. We may see another rise in the volume of bets being placed in online casino. At least it is providing (some) people entertainment while being housebound.
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Sadly most people invest in bitcoin to make some quick profit. They think crypto currencies will make them rich overnight. But that is not the truth and some faces this realty harshly. They look for coins that are getting pumped and invest in those. In the end, the lose everything once they get greedy. According to you, it's created to make you free. But "free" from what? I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.
your thoughts?
My thoughts? Bitcoin is not like it was supposed to be. Returning power back? I don't see any "powers" being returned back. Look at all those regulations and strict policies that is slowly bringing bitcoin under the indirect control of the government. |
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A recent study is showing that during the pandemic addiction to loot packs has grown, with 24% of those participating in a survey feeling they are addicted to them, do you think they should be banned for young people? Obviously most games rely on a random element when it comes to make their mechanics work, but when you can use real money to buy those loot boxes without really knowing what you are going to get you are crossing a line and it seems to me this should be considered gambling, what do you think? https://news.sky.com/story/children-addicted-to-video-game-loot-packs-in-lockdown-gambling-support-groups-warn-12262946They should be. Loot boxes are another form of gambling where kids and underaged person getting addicted to is going to be a huge problem. Have you read the news on how kids are now getting attached to those loot boxes for those "lovely" and "flashy" skins and items? I have even read several articles where kids "unknowingly" (or on purpose) has been spending thousands of dollars on loot boxes or crates from their parents credit card without their parents being aware. Videogames should be made to enjoy. Not get addicted to some sort of gambling mechanism. Its more like those companies are exploiting people by adding "game of chances" into their system. Any videogames that has loot boxes should be considered as a casino. |
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Elon Musk is an interesting guy. He gave a lot of information about Dogecoin but in the end his company bought up to 1.5 billion USD for Bitcoin. If one day Tesla accepts the Doge coin, then I believe he bought the Doge. Doge was up 20% yesterday after his Tweet. Doge had risen too high in the past because of information from Elon. This will end soon as the community is so accustomed to it and they will not be as excited as before.
I doubt tesla will ever accept dogecoin. The coin gets pumped and dumped with ease, so its not going to be good for them. And the fact that Elon manages to exert influence over the price of the coin might not be good for Tesla. Elon knows its a meme coin and he is just mocking those pumpers. I am sure he laughs every time he sees the price rising as soon as he says something about dogecoin or tweets about it. And the last tweet about dogecoin was an April fools tweet I guess. The amount of money he would have to spend to send bitcoin LITERALLY to the moon is absurd lol. |
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I believe that there is a strong possibility that Bitcoin was created to solve the problems associated with the dollar. In other words, the dollar has already been printed a lot and this will only continue, which sooner or later will lead, as you already mentioned, to hyperinflation. If this happens, then many people and companies will simply lose their funds. BTC gives you a chance to preserve your savings and assets, but it is just one of the assets that can be used in anticipation of this. If you decide to transfer all your funds to BTC, then do not forget about risk diversification and better distribute your funds into different assets.
Yeah, printing money isn't good and might cause inflation. But I am sure the government and economist are aware of this. The printing is done in a systematic way so that it doesn't cause "much" of a disturbance in the economy. The inflation that is going on is more like a "controlled" inflation. True, in the long run it might cause an issue, but that if that happens, measures will be taken. So probably a fiat system similar to bitcoin might be taken into consideration. Do you really think it's worth it if you convert all your assets to bitcoin but just to only exchange it back to fiat? The currency that you were afraid of being destroyed due to inflation? |
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I am very new in cryptocurrency but i always try to gather all crypto-currency news,tron started with $0.001091 in September 2017.I Think when CEO Justin sun started partnership of south korean Electronic giants Samsung, After those time tron price run for the future. Many predictors,predicts tron reach $0.08 by 2025. The price of Tron is coming to the market earlier than expected. Can I expect more in 2025 then? That's why i want to hold it.can it profitable for crypto holders?
Do you think Tron is going to do any good? If so why? When? Is it worth waiting this long? Are there any better coins out there that might give you better profit? Ask yourself these questions and then you will be able to answer if it's a good idea to hold or not. And incase you don't want to go through all these troubles, then just invest in bitcoin and some other well established altcoins like Ethereum and save yourself some trouble  . |
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