I don't think that such thing will happen honestly. I don't say that Bitcoin will never be dethroned in the future. It'll happen eventually but we don't know when. But the coin dethroning Bitcoin won't be Ethereum I suppose. Maybe it'll be a new coin which it doesn't exist even now or another coin existing in the market now.
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It really happens most of the time actually. Like you said, now we've witnessed a big dump. But the decrease rate is going down every day. It'll stop decreasing at some point also. And after a time period, I believe that Bitcoin price will start rising very quickly and reach at least the latest ATH level.
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Bitcoin is of course one of the biggest opportunities to invest in. But when it comes to Bitcoin, it's better to HODL your coins rather than making a short-term investment. Because I see that it's really rare to make a good profit in a short term in Bitcoin. You should just get really lucky to make it. If you come across a little time before the price starts going to the moon, you'll make it.
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Depending on the coin, it is worth or not. For example, Bitcoin is also an old coin as we all now. But we see that it has an overwhelming dominance in the market now. And it could be one of the most logical coins to invest into. And for example, Ethereum is also an old coin among the altcoins in the market. But I think that it is a good choice to invest into also.
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I think that having a lot of money plays a really big role on someone's being happier than ever. Because one's purchasing power is increasing at a really high rate then. It feels really good to be able to afford the things you want so much. To be honest, I become very happy when I'm able to buy something I really want. Money is really a powerful tool in terms of that.
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In this covid-19 period, we've seen two kind of events. First one was a huge increase in price. Because there was a boom in demand and it helped the price go to the moon easier. And we've also seen a big dump after some time to even $30k. People who were prepared for this dodged this easier but I can't say the same for the rest of the investors. There have been many people who have lost their profits and even some of their capital also. This shows how much important not to be greedy is.
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I think that it's a quite decent plan to implement. These levels are good to think about it seriously to accumulate more. If my aim was to HODL, I would prefer to buy more. But I wouldn't like to affect you of course. One should make their own decision after asking questions about a topic.
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Yes, the market is really full of opportunities to come. But these opportunities don't seem very close to me. We are still in the bear market and it's better to have a good amount of patience. But when we leave these days behind, I can't even imagine how much big level the price will reach. I expect a new ATH certainly.
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Whales still can manipulate the market. The market is easily affected when big amount of selling or buying happens. And I really don't know if this will change in the future and the market will become immune to these incidents too. But I don't think that it will change. Because it is related to demand in the end. When even one person buys a lot of coins, the market is affected positively as the demand increases.
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I don't agree that it's a good advice. People shouldn't just spend without saving money. If you don't save a good amount of money, your future could be under danger. One should always be aware of this possibility when spending their money. Of course, I don't say a thing like "You should spend a very little amount.". You just need to plan your actions not to regret after.
Our future depends on how we manage our finances, I agree without saving money, our future can be dangerous. Therefore, there is no prohibition against spending money that comes from the results of our hard work. But we must be able to spend the money we have wisely, don't just focus on happiness now by buying something we want. We have to get used to saving some money from our income for our future, if we don't do it now then it will be too late. I agree. The most important thing here is to spend our money and manage our financial condition wisely. If we spend an amount much more than we can make up for, it may cause us to have serious financial problems in the future.
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$350k level seems unrealistic to me honestly. You claim that it will happen in only one year. We will need much bigger news that will help Bitcoin price to rise much more quickly than ever. For example, many people are waiting for Lightning Network. If we start benefiting from it, then it could be a big impetus for Bitcoin price.
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If he didn't legate his coins to someone, then yes. All of his coins will be just gone forever unless someone finds the information of his wallet(s) somewhere. This is maybe not a good feature of Bitcoin but we have nothing to do about it now.
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I say why not? Yeah, now things are not going on very good in terms of the price. But we will leave these days behind sooner or later. Like many people, I also think that this summer will go on like this. But after that, things will start changing and it'll be quite possible to see the bull market again. And this time, we'll definitely get a new ATH I think.
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It's really early to say such thing. The instability of Bitcoin price is still going on. One day, it is having a good day and increasing. Another day, we see the opposite. This should be the signs of the bear market, nothing else I think.
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I want to see Bitcoin at a much greater level in 10 years. I think there will be digital currencies in our lives in 10 years instead of fiat. Countries will have made their own digital currencies and they will be improving them also. In such situation, Bitcoin may even become the best alternative by then.
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I'd really like another way to recover the coins. It leaves people no choice than sharing the details with someone if youdon't want your coins to vanish for good. This situation is something which is annoying me. But for now, we have no other choice.
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I've made a little more investments after the huge dump. But I don't want more than it for now. Because the market has been really unstable for some time. I want to make a short-term investment also but it scares me to be honest. Because of that, I'm just waiting for now.
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China has banned cryptocurrencies and we've seen what's happened. The prices have come down at a high rate. But I'm not sure if the news only by itself did affect the prices that deeply. If the US does the same, I think that the same thing might happen again.
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I can't say something to you like "You should buy from this level.". Because nobody can know what level the dip is. For now, it seems like 30k dollars was the dip level. In short, it is your choice about what to do. I wouldn't want to take the responsibility. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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World Bank stated that it won't support El Salvador as it has made Bitcoin legal tender. I wonder what kind of results will El Salvador get after using Bitcoin as legal tender for some time. If the results become positive, then maybe World Bank can change its mind, who knows.
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