I think bitcoin can still grow over time and this will bring more people and more money again on crypto market, but i think we need to wait more and until the end of year bitcoin can reach 15000$ or more i think.
That is very optimistic. The price will rise but ocassional corrections will happen also so Bitcoin price will not have continuous growth. It's still a half of year to go so that is a plenty of time for many changes on the market but to my opinion Bitcoin could achieve 10000$ at max. And that is not sure either. |
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I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
Of course there are always known reasons why market reacts in positive or negative way. If they were always clear and known it would be much easier to predict possible situations. But people need explanations and justifications, especially if there is a price dump. Usually every explanation is just pure specation that can't be taken for granted. To be able to expain some situation with Bitcoin price we should know all background informations and deep analysis should be done and we are aware that is not always possible. |
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Bitcoin is not fornaly recgonized and legaly regulated as money or to be more precise as currency. Still that doesn't stop it to function as a payment method so many people, including me, use Bitcoin for buying different goods and services. So although is not formaly included in financial and monetary system of any country Bitcoin is still used as money.
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As what I have seen in the crypto market nowadays, new exchanges keep emerging. But why?
Is it because they want to compete with Binance, Okex, KuCoin, etc., and believe that they would surpass them?
In my opinion, there's no way that these new exchanges would surpass the big players in the market. Thus, it's already saturated no matter what "magic" or unique feature that they had.
The main reason for more exchanges keep emerging is simply because the amount of profit they could make building a decent profit and majority of them are not having any license to run these exchanges and it is easiest way to make money with the amount of trades being carried out in several exchanges and they commission they earn with every trade, if you have the basic coding skills to create a decent UI you will get users to trade and that is why you see many exchanges coming up, people should understand what their security features are before trading and we all know how these exchanges are under attack all the time from hackers, so exchanges without good security features will get hacked, so be cautious where you trade. Exactly, new exchanges appear because of profit that is still considerable. That is also the reason why are there so many scam oriented exchanges and greedy and naive users always fall for the same trick thinking every new exchange will give them opportunity for revolutionary profit. But only few users are actually careful about legitimacy, trustworthy and security when they pick up the exchange. That is why some awareness about that should be raised and honestly new exchanges are not needed anymore. |
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I don't think that millennials need some special information and education about blockchain. They are very well familiar with technologies and use them in every day life. Maybe just to give them a hint to promote blockchain but I'm sure they are already familiar with that. Believe me, millennials are born with new technologies.
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I can smell bitcoin going 10,000$ before this month ends, cause just a small pump is happening right now before the much awaited bull run that everyones waiting.
I don't think that price will touch 10000$ this month. Yes, it looks very close but we've been in such situations before and the price pulled back. Don't forget how easily price can change although 10000$ looks very close that could be very long way to go. Even the price is on the rise corrections are possible along the way all the time so count on that too. |
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To be honest I don't like such comparisons of Bitcoin with particular fiat currencies. We are all aware that both Bitcoin and fiat money have advantages and disadvantages but the way we use them and their role in economy or society in general are different.
To my opinion cryptocurrencies are not here to replace fiat currencies but to give an alternative and some different x technology more advanced payment and investment system. USD will not disappear and Bitcoin will not take its role and I'm sure that many people would still rather choose USD over Bitcoin because they get paycheck in USD that provides them existency.
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I believe that the next 10 years will be an extraordinary year for bitcoin, I believe the price of bitcoin will far exceed gold
I don't think that the goal of Bitcoin is to compete with gold. Bitcoin price might surpass gold but gold will still survive as an investment. It's one of the oldest assets of value that people trust the most. And I think that Bitcoin investors and gold investors differ and there will always be those who will prefere one above the other. In general, Bitcoin and gold shouldn't be compared. |
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In theory is possible but in practice I don't think this is going to happen. There is always possibility that some new coin and new more advanced technology appears that could ruin the value of Bitcoin but I don't think this is going to happen, at least not in near future. Exactly because of the fact that Bitcoin is the first, the most valuable and the most successful coin I think it will always survive and keep at least something of the value.
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I don't think that Bitcoin will become useless. By that I don't mean that it might not be replaced with something else but despite that possibility it will continue to exist and there will be people who will use it
New emerging technologies and artificial intelligence are providing endless possibilities so I'm sure in one moment something more advanced and successful than Bitcoin will appear but that doesn't mean that Bitcoin will be completely terminated.
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Glad to see bitcoin finally can reach $8700 and it's out from my expectation before.
I get a bit amazed to see the price was getting a pump so high in this day and push the price to increase and break $8100.
That is a good sign for every trader, and they can now start to sell their bitcoin and make a nice profit.
But maybe if they can be patient for a while until the price can touch $10k, I guess they will make a bigger profit than now.
The price itself still on the process to hit another higher price and I hope we could see it breaks $10k before the end of this month.
Yes, it's nice to see price is going up but the be honest I don't prefere such quick jumps. Steady rise is what I like more and as the pump happened rather fast so the dump might happen too. There is no guarantee that price will stay at current level or go up, we might see another correction again. So don't be excited about 10000$ yet. |
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I also not agree with term infinite, because as is wrote on whitepaper bitcoin supply is 21 million and because of this and huge demand the price grow and will grow more every time when bitcoin has halving.
That is exactly one of the problems of Bitcoin. The number is limited and as far as I know that can't be changed..It's expect for demand to rise once this number is achieved and consequently the rise of price is expected too but there is still time until that and no one can't know exact scenario. But Bitcoin supply can't be infinite, that is for sure. |
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There is also another reality. Big risk, big loss, don't forget that possibility. Many think that everyone can do trading and make money from it but the truth is that trading is not for everyone. It takes a lot of experiences, knowledge and skills to become successful trader who can also afford big risk with possibility of good earning.
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Well, some new theories about creation of Bitcoin will always appear. Bitcoin is still kind of mistery for many so they like speculations about its creation.and the creator. I believe Satoshi is the one who created Bitcoin but I don't think that the true identity of Satoshi will ever be revealed. But that is fine with me and I understand why he/she wants to stay anonimous. I would do the same.
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It's brave decision. Market is showing us everry day how risky is to deal with Bitcoin and to quit steady job because of trading is big, risky step.
Still it's very individual and depends how much are you willing to sacrifice and how much do you need for living. Very few are able to make for the living only with trading and even fewer could make themselves wealthy.
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I don't think this is going to happen. Price is still in some kind of correction phase and fluctuations will continue for a while. Although it looks very close, having in mind current situation on the market 9000$ will not be so easy to reach. For that we would need continuous growth in the upcoming period but this is not going to happen.
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I don't think so, it's too early. Although everything is possible with Bitcoin and price can change easily I don't think we will see such pump so soon.
Price is still vulnerable for corrections and in the next month or two it will probably stay in the current range. For price above 11000$ we would need continuous growth and that is not going to happen.
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Is anyone having issues withdrawing funds from HitBTC? I am not able to withdraw and not returning email.
Most likely this exchange is already gradually coming to a point where it would become scam.Lots of issues about stopping or holding withdrawals. You can see a bunch of them similar on your case. Try to visit out their main thread https://bitcointalk.org/index.php?topic=378827.0 and you might read up some possible answers you do seek. That is why you always have to double check where you put your money. So many exchanges but just a few of them are really trustworthy and run legitimate business. Although not all of them are scam, some got into financial troubles or have problems because of multiple owners and similar. |
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In some period of time yes, Bitcoin price will go again to 11000$ and more I believe. But not so soon, if you ask me. To my opinion price will continue to fluctuate and some corrections will happen from time to time. So in the next period the price will stay in the range between 7000$ and 8000$. I don't expect some significant growth.
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I don't think that it was ever prohibited to hold Bitcoin in China. Or anywhere else in the world. What was against the law and what government tried to stop/ control was organized and centralized trading so Bitcoin related businesses. That is completely difference thing and no ban was applied to individual users.
Still China and its attitude towards Bitcoin and cryptocurrencies in general isn't quite clear and unified defined.
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