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I don't think the economy will be in a much worse state than it is right now. We're quite close to hitting rock bottom. How much worse can it get in just a few years? Even if it's in the exact same situation, Bitcoin after the halving will certainly be worth more than it's worth right now for the reasons you previously explained.
Therefore, I don't find any particular reason to sell my Bitcoin before the halving occurs, unless I'm in dire need of money. I'm patient enough to hold for as long as possible.
Yes. But what if China decides to invade Taiwan in the middle of the Russo-Ukraine crisis? Then the global economy would be in a much worse state than what it is right now. If that happens, Bitcoin will dive deeper in price, making the dreams of reaching $100k per coin a distant one. By the time Bitcoin's block reward is cut in half (2024), it's likely market prices will soar but not to a point where BTC gets past its latest ATH in price. That is if the global economy worsens or remains the same as it is right now. If things improve by 2024, then Bitcoin will rise faster than you could've ever imagined. The future holds many surprises, so we can only hope for the best. Just my thoughts  |
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Recently, President Nayibbukele criticized Western-controlled media that unfairly spoke out about bitcoin being legal tender in El Salvador that had failed. We've been through a bearish season for almost a year so far, and El Salvador maintains a hardline stance still not selling any bitcoin, along with that they are promoting bitcoin-related issues such as bringing bitcoin into education, continuing to develop bitcoin city...It's just the beginning, so don't judge us, we need time. President Nayibbukele calls out global financial institutions, Western powers & the media outlets they control for unfair criticisms only one year after adopting #Bitcoin as legal tender. Source: Bitcoin Magazine I know how often countries "mock" El Salvador's decision to adopt "an unregulated cryptocurrency" as legal tender. They believe Bitcoin won't last for long because it's not issued or controlled by a central authority (eg: Banks, governments). Opposing countries are also taking into consideration Bitcoin's price volatility in Fiat terms. But what they don't know is that Bitcoin is more than just the price. Being a censorship-resistant kind of money no one controls does brings its benefits. President Bukele knows this, so he's been using government funds to invest into Bitcoin for true financial sovereignty. You can't sanction or freeze Bitcoin-related transactions unlike Fiat. Bitcoin is deflationary by design, so it's likely it'll be worth a more in the future. If El Salvador "sticks to the plan", it could become the richest country in Latin America. Just my opinion  |
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I think in short term it's possible for bitcoin to reach 17k or even 16 or 15k, but in long run, it'll cross 60k easily.
I made a thread where everyone will predict the price of btc whether it'll hit the mark of 45k/BTC but it seems we're a long way from hitting that mark and maybe we'll have to wait 2 more years for bitcoin to actually go over that price.
You seem to be forgetting that the global economy is in a very bad state. Without showing signs of improvement, you can't expect Bitcoin to reach a new All-time-high in price anytime soon. People are focused on rising energy, gas, and food costs which are essential commodities in daily life. That means investors won't have spare money to pour into crypto assets like Bitcoin and Ethereum. No capital influx, means low demand on the market. I think we're going to have to wait a little longer until the Russia-Ukraine crisis is over. Once there are no more disruptions on the global supply chain, everything would be gradually going back to normal. Who knows if 2024 through 2025 turns out to be a good season for BTC? Just my thoughts |
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There won't be ban, and just 10% of global mining of Proof-of-works is actually not much of a factor, European union shouldn't speak for member states in the aspect of energy for mining bitcoin. Each member states generates their energy.
It seems to me that the EU has rushed its "anti-crypto mining agenda", because of rising energy prices within the bloc. None of this would've happened if Russia didn't invade Ukraine in the first place. Besides, the EU only consists of a small portion of mining hashrate compared to the rest of the world. If Bitcoin can no longer be mined within the EU's member states, miners would simply move their operations to another country with crypto-friendly laws. It would be just like China's Bitcoin mining ban which forced miners to move to another country. This shows us the resiliency and strength of Bitcoin as a decentralized cryptocurrency no one can stop. If it were centralized, Bitcoin would've died the moment the Chinese government decided to make mining "illegal". Many crypto coins are switching to PoS, so it's likely Bitcoin will remain the only PoW cryptocurrency in the world. Just my opinion |
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I remember those days like it was only yesterday. I'm surprised it's been a year. I think it's normal to drop. The value of bitcoin could not be expected to increase continuously. After each value increase, there will be a decrease. But such a drop came as a surprise, since everyone thought that bitcoin would reach the value of 100,000 dollars. The value of bitcoin will remain at the 20,000 dollars levels for a while longer. I don't think there will be a rise for at least another year.
We all know Bitcoin wasn't going to go up forever. What goes up, has to come down sooner or later. While I'm confident prices will rise back up again, it's going to take some time before we're able to see any positive results. Maybe 2024 will lead BTC towards $64k and above? That is if the Russia-Ukraine crisis is over by the time Bitcoin's block reward is cut in half. If the pandemic and the war persist, don't expect Bitcoin to reach a new All-time-high in price anytime soon. At least, the Blockchain is alive and healthy as ever. Surprisingly, BTC's network hashrate has increased over the past months. This shows us there's still interest in helping support the Blockchain despite rising energy costs worldwide. Market prices have been steady between the $18k - $20k range these days, so I'd suggest anyone to buy more BTC before it's too late. Just my thoughts |
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This is a very nice project that I would support 100%. That said, I'd prefer a DiY version of this coin for security reasons. Hope to get my hands on one soon! |
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Companies and governments are in constant pursuit of people’s financial data. Hence, more and more people are turning to cryptocurrencies as a way to escape this scrutiny. Although Bitcoin and other altcoins do offer financial security by way of decentralization, they don’t offer the same financial security as privacy coins, since every transaction is publicly viewable on the blockchain.
Ever since the COVID-19 pandemic took the world by storm, governments have been taking an aggressive approach towards collecting as much data/information from their citizens as possible. Their excuse is that they're doing this to help prevent the spread of the virus, reduce criminal activity, among others. But we all know their intentions. You ain't seen nothing yet with the Tornado.Cash sanctions. The US government have started with mixers, but they will escalate towards privacy coins when crypto/Blockchain tech becomes more popular than ever. What makes you think other governments won't do the same? I'm afraid we're entering the end of the privacy era. Sooner or later, governments will have complete control of what we do in daily life. It'll be a complete surveillance system where governments cannot only see your movements, but also your personal, medical, and financial information. With CBDCs, you can say goodbye to privacy for good. At least, decentralized cryptocurrencies will be there to save the day. That is if they're able to remain decentralized enough to withstand the test of time. With so many coins shifting to PoS, it doesn't seem crypto will remain decentralized for long. Only Bitcoin will remain decentralized, while the rest will "bow" themselves to the regulators. Who knows what the future holds for both crypto and our right to privacy? Just my thoughts |
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This may be probably true. Either way, the real Ethereum is the Ethereum classic. It is the real network that was never forked and kept all the real records, including the DAO event. Its POW as well and the community behind has no intentions of changing to POS. It also has a lot of projets growing on its ecosystem, so ETC may be the best option to counter ETh
You're right about that. But people don't care which is the real Ethereum or which one is the "copycat". What they care about is which chain has the most dApps, tokens, and services behind it for a great user experience. Despite ETC being 6 years old, there hasn't been any kind of innovation that would help bring the masses into it. What developers have only achieved is "diffusing" the difficulty bomb to make ETC a PoW blockchain forever. But that still hasn't attracted other developers to build dApps on its platform. Without quality dApps and/or tokens, how would you expect ETC's price to go all the way to the moon? It's all about utility in order to keep demand at its highest. At least, we all know ETC won't go away that easily because of its established presence in the crypto/Blockchain space. ETHW, on the other hand, will die quickly because of the lack of a solid foundation behind it. The cryptocurrency was only created to enrich miners and developers without focusing on its utility. Why would you want another PoW ETH-based chain when you already have ETC? Ultimately, the market will decide which coins will stay and which coins will become history. As long as decentralization wins, there should be nothing to worry about. Just my opinion |
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The banking system is behind most of the cryptocurrencies. They want to familiarize us with crypto, it is the first step to make us accept the CBDCs, which was always the plan. I already hear many crypto libertarians saying: "I use USDT because it's more convenient, the value is stable"  You really think banks are behind crypto? If they were behind crypto, they wouldn't had been against it in the first place. Their response of launching CBDCs of their own, tells us they're afraid Bitcoin will take over the mainstream economy. If they don't do the move, people will simply abandon Fiat for Bitcoin. With the introduction of CBDCs like the Digital Dollar and the Digital Euro, banks will be able to stay in power for a little while. In fact, CBDCs will give banks and governments more power than usual as they will be able to have a full scope of people's finances. Every transaction will be visible on a digital ledger only they can control. They can't do that with traditional paper money, though. For the end user, the Digital Dollar would work almost exactly the same as credit/debit cards. The person won't notice any difference at all (except banks). Bitcoin's been going strong since day one, so it's likely it'll live alongside the US Digital Dollar for generations. Just my thoughts |
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Energy consumption has been a struggle for crypto miners. Energy groups as well as the government also want to stop them from mining for energy conservation. The return on investment also takes time and they're spending more than they're earning so I guess it isn't worth it especially during the situation of the market right now. The cost of energy consumption is too high which is really a burden when mining and it's even getting more expensive because of the inflation crisis.
Crypto miners can choose alternative energy solutions in order to make their operations a lot more profitable. Just because it's PoW (Proof of Work), doesn't mean it's all about harming the environment. PoW can be as green as PoS if miners put their will to make their equipment "carbon-neutral". Using solar energy, wind, hydroelectric, or even geothermal energy could make PoW greener. It's just that governments are using the rhetoric of "high energy consumption" to go along with their agenda of banning crypto/Blockchain tech for good. They want to specifically attack Bitcoin, since it's the one cryptocurrency that started it all. Most developers are afraid their projects will be "outlawed" by the government, so they've quickly turned to PoS even if that means sacrificing the decentralization of the Blockchain network. Ethereum, Cardano, BNB, and most other popular coins have adopted PoS as their consensus mechanism, leaving miners with very limited options. Whenever it's still worth mining or not, that will depend on energy costs, among several other factors. Everything's "gone to the roof" these days (as a result of inflation), so it's likely mining will become highly unprofitable by 2023. Just my opinion |
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If you look at the absolute cost in USD terms, countries outside the war zone has suffered more economic damage when compared to both Russia and Ukraine. Crude oil prices have remained high, LNG prices are up by 20x, coal prices are up by 2x, Potash fertilizer has gone up by 3x.etc. Prices of wheat, sunflower oil and barley are at historic highs. We now have double digit inflation in most of the countries. And I would say that the impact is felt more in third world nations such as India, since we import most of the oil and gas from outside.
I guess sanctions have really "backfired", just like Putin predicted. Now the world is facing the consequences of punishing one of the world's largest exporters of oil and other necessary commodities. Unless the war comes to an end, the global economy will only get worse. I hope both countries (Ukraine and Russia) come through some sort of peace deal for this nightmare to end once and for all. The world doesn't need another war, as many lives are suffering both in and out of the conflict zone. Not only Ukrainians and Russians are dying, but people from other countries are now facing starvation due to rising food and energy costs. The poor are now poorer, while the rich, richer. COVID-19 may've affected the economy for a short period of time, but the war/invasion that ruined everything for good. No one knows how long the conflict between Ukraine and Russia will last, so we can only hope for the best. Just my thoughts |
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All of the BRRR-Money-Printing started to put it all together. It was going to happen sooner, if not later. But because of supply side disruption caused by the Russo-Ukraine War, and the opening of the economy with all that COVID-19 money injected in circulation, it was caused to come sooner.
We haven't seen the worst of basic commodity price increases, plus more problems with winter approaching. The power grids in some regions of Europe will be further tested, and it won't be OK.
The global economy was showing some signs of recovery even with COVID-19 in play. What ruined it all was Putin's decision to invade Ukraine. This caused energy and gas prices to soar like crazy (especially in the EU), adding fuel to the fire. Inflation was rising during the pandemic, but now it became worse. Unless the war is stopped, don't expect inflation to ease anytime soon. Not even central banks' measures to help control inflation will do any good. People in the lower and middle classes are already suffering, while the rich are becoming richer. Who knows if we never get to see the light at the end of the tunnel? Just my thoughts |
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Time passes quickly as usual. I still remember BTC soaring to that magical price point and I kept thinking that $100K was right around the corner. It's sad to see it struggling to even rise above 20 grand these days, but this is simply a bad phase.
All currencies(FIAT and Crypto) are suffering these days thanks to inflation etc.
Am confident that BTC will rise slowly and steadily back to its previous ATH and surpass it once the global economy recovers completely which probably might take a couple of years.
Bitcoin may be struggling to get past $20k these days, but we cannot deny the fact that Fiat currencies have fared worse with ever-rising inflation rates. To say the least, Bitcoin has performed pretty well during these hard economic times. It has retained a price range of $18k - $20k, despite further pressure on the global economy. Considering that Bitcoin is still going strong, we can say it's the best-performing asset on Earth. You can bet BTC will soar well above just $64k per coin once everything goes back to normal. This is nothing more than the perfect time to accumulate as much BTC as you can while it's still "cheap". Who knows if you'll become the next Bitcoin millionaire someday? Just my opinion |
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I don't think this will affect Bitcoin's price, especially when there are other countries that are "miner-friendly". An EU ban would prompt miners to move to another region in order to keep their business running as usual. Just because most countries are turning their attention to climate change, doesn't mean Bitcoin mining will end for good. There will be a few countries that will allow Bitcoin mining, prolonging the life of the cryptocurrency. But you can rest assured that if PoW mining is banned all around the world, the community will simply "vote" to switch to a new "eco-friendly" consensus algorithm altogether. Whenever the switch will degrade Bitcoin's decentralization or not, it's yet to be seen. I wouldn't worry about EU's "anti-crypto" policies as long as there are other countries supporting it every step of the way. Just my thoughts |
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Does it even matter? Everything changes its value. With the recent inflation, some goods went up by 20%, some by 50% and some even became cheaper. It's also very different from country to country. And Bitcoin market recently reacted negatively to inflation, rather than being a hedge against it, probably because Bitcoin is more of an asset for "good" times rather than "bad" times.
Bitcoin went down during inflation times because people often view it as an investment than a currency. You can see why Bitcoin has been moving in correlation with the stock market lately. When tech stocks go down, the same happens to Bitcoin and other cryptocurrencies being traded on the market today. The FED's monetary policy (rising interest rates) has made matters worse, as Bitcoin struggles to get past $20k per coin. I hope the day comes when Bitcoin becomes independent from real world events, so it could prove its real value proposition as sound money for the unbanked. That means using Bitcoin without ever needing to know its price in Fiat terms. 1 Bitcoin = 1 Bitcoin, right? Who knows what the future holds for Bitcoin as an alternative to traditional Fiat currencies? Just my opinion |
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That's an excellent question. A full-scale nuclear war would disrupt the Bitcoin blockchain so badly, that only a small number of nodes and miners will remain online. By that time, people will be thinking on how to survive instead of hoarding currencies or investing in risky assets such as Bitcoin or Gold. Why would you care about Bitcoin when humanity would be at the risk of extinction? I'd say a nuclear war would be inevitable due to rising geopolitical tensions all around the world. There are many countries with a huge nuclear arsenal at their disposal, ready to fire at will. When will that happen (WW3?) is an excellent question. I just hope the conflict between Ukraine and Russia comes to an end, otherwise things will only get worse in the long run. Who knows if there's a dark future ahead of us? Just my thoughts |
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This is also something to take into account, and I've been expressing myself too. If the economy is in the current or worse state of recession, don't expect the halving to rapidly change the market. We are, however, supposing or at least hoping that things will have improved by then. In my opinion, the economy will be in a better state than the current one, but still won't be at pre-Covid-19 levels, which means that Bitcoin might not have skyrocketed by then, but one thing is almost certain, that Bitcoin will be worth a lot more than it is now.
Will it surpass the previous all-time-high? From my point of view, if it hasn't, it will be quite close to it.
Whatever happens, you can rest assured Bitcoin won't be going anywhere soon. I think 2024 will make Bitcoin bigger and stronger than ever, as more miners join the Blockchain for profit. After all, there will be less Bitcoins generated per block. Price-wise, Bitcoin should be able to reach a new ATH shortly thereafter if the global economy fully recovers. Even if the economy worsens, Bitcoin will be much more valuable than what it is right now (although it won't reach a new ATH in price) because of the rules of supply and demand. Kudos to Satoshi for making the best money the world has ever seen. Who knows if someday Bitcoin beats Gold as a long-term store of value? Just my thoughts |
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He just said that ETC is now 6 years old so don't expect that it will recover even after the bear market have passed. I think 6 years is enough to judge the quality of a coin. Sorry but a coin like that won't deserve our money not even a penny but only if we will risk our funds on a good coin or any new coin then we might get lucky and transform that tiny amounts into a massive one. ETHW might be a shitcoin but what about ETC?
If I were to choose id rather gamble for ETHW. On the other hand, managing fund is a must thing to do and it wasn't just an alternative. I wouldn't wonder anymore if you lose a lot or can't earn successfully because of that mindset you have.
Even though ETC never goes to $100, it will still be a fun cryptocurrency to play with. You can profit within the constant ups and down in market prices. For those inclined to PoW, ETC is the best Ethereum (ETH) alternative in the world. ETHW is redundant so it would most likely disappear faster than you could've ever imagined. What's important is decentralization and censorship-resistance. There are numerous coins being traded on the market today, but only a few are truly decentralized. I see ETC as a more decentralized version of ETH that's waiting to blossom someday. Crypto land is full of surprises, so anything can happen in the future. Just my opinion |
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We will always have the perfect time to invest, at least for a few more years, surely when bitcoin has 6 figures, someone will come up with the idea of believing that they have a "revelation" being simply relative to the moment. Just try to have the perfect moment every moment you can, in other words it's simple; buy today what you can, do the same when you reach any other value.
Your title could be a poster that will be valid for many years.
Exactly. Set yourself forward 10 years from now, and people will be asking whenever it would be the perfect time to invest in Bitcoin or not. By that time, Bitcoin would've been much more valuable than what it is right now. Even if prices decline by then, early holders/adopters will still be on a profit margin. I'm pretty sure Bitcoin will make many people rich if prices skyrocket like crazy. After all, it's predicted Bitcoin will go higher than six figures due to its extremely-limited supply of 21m coins. With high demand and a low supply, Bitcoin is poised to outperform every single asset on Earth. Who knows who the next Bitcoin millionaires will be? Just my thoughts |
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