I think the Bull Run actually started from the last month and we can see it has grown pretty crazy. Bitcoin has increased to 8000 Dollars today and maybe it will cross 10,000 marks on this month. I will advise you to just wait for it and see when the prices started falling and after that make a decision and if you cannot for the loss then you can simply exit the market right now and take all of the profit with you.
If this is a bull run or not it could be discussed. As well as whether Bitcoin will reach 10000$ this month or not. Anyway, the golden rule of investment is to buy low and sell high. So now isn't the ideal moment for buying because the price is rising but if you can afford to buy, do so because sooner or later Bitcoin price will rise more. |
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I think this bull now id different and looks like altcoins still suffer from and some of them not grow, maybe the bitcoin will stop somehow to 10000$ this month if people will start sell after see the grow.
It's different, yes, but there were also situation where altcoins were not rising along with Bitcoin. So this is not such a new and surprising situation to me. If you say that Bitcoin might stop at 10000$ this month that means that it has to come there first. Will see if current bubble will last that long. |
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Before I used exchanges or localbitcoins to convert crypto into fiat, sonetimes Bitcoin ATM. But it's not very convenient, especialy when you have to use your bank account and it's often time consuming. That is why now I use only crypto debit card. I can top it up and pay directly everywhere I want, which I prefere, or I use it to get cash at ATM.
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I think that question isn't anymore do we need blockchain but what is the best way to use it.
Blockchain is one the most revolutionary technologies recently evented that could be used in so many fields and industries, from agruiculture to medicine. Cryptocurrencies are just tiny piece of it. I think that people still are not aware of the full potential of blockchain.
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Every time when we have rather quick pump like now many users expect to see very high price values soon. If the growth continues that could easily happen but don't forget that volatility goes both ways so price could have some corrections too. So for the moment I would be careful with predictions for 10000$.
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I think this is quite normal and the price will fluctuate and go back and forth in the upcoming period. Maybe some bigger corrections are also possible and I don't expect that the price will only rise.
Although the situation on the market is looking good there is still a long way to go until 10000$ so don't expect that value too soon, you might get disappointed.
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Could we be so sure that this is actually a bull run? I don't think so. Many years in Bitcoin have thought me not to take anything for granted. To my opinion we are still in the phase of positive corrections and the upcoming weeks and months will show more clear picture depending on the development of situation on the market.
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There's technically a possibility. But will it? I don't think so. Bitcoin is simply too far ahead in terms of almost everything for an altcoin to surpass it. Heck, I don't even think Ethereum will, even though it has slightly more possibility. But then again, it's still possible for IOTA to do so, and if it does, then it means the cryptocurrency markets just went full retard.
In theory there is always possibility that some new coin and solution surpass Bitcoin. But in practice that didn't happen so far and I don't think that soon it will. IOTA maybe has potential, although this still needs to be proven but I don't think that it represents any kind of danger for Bitcoin. |
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Honestly I never liked other coins and think they can't compare with Bitcoin. There are only few coins that are worth investing like Ethereum for example but they will still not achieve such success as Bitcoin did.
So, Bitcoin is still the best coin for investment and if you want to diversify your investment beside Bitcoin choose something else, like gold or put your money on stock exchange.
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That's one of the main problems of Bitcoin that affects its usability and adoption. The point is that we are used to all those 3rd party services that hold our money, no matter what we can do with our cards but of someone steal is and withdraw our money we would definetely get a chargeback. That's an important feature for many users. Prople just don't want to read tons of books about cyber security in order just to store their savings.
The best way out of this issue is establishing more legit services that guarantee the payback in case they get hacked.
I have to agree with that. Bitcoin users are not enough protected in case of hackers attacks or similar and usually they have to bear all the losses alone. Exchanges are other crypto related services still think this is not their responsibility, which is wrong approach and they don't care enough about their users. This needs to be changed in similar way like bank account or credit card users are protected. |
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In theory, when it comes to.Bitcoin, there is no price that is not possible or one that we could say it will never happen again. Bitcoin is very volatile and price can easily change up or down so in theory Bitcoin could be worth 1$ or 100.000$.
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Looking at the current situation on the market we might conclude that patience for those who had it is rewarded. Bitcoin has crossed even 7000$ and although is hard to predict will this rise continue for a longer period of time it's good opportunity for all traders to make some profit.
Although I don't prefere fast pump hope this growth will continue.
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I had bitcoin since 2014 and I already try to invest from faucet - gambling - signature until now.
I just regret on how much I invest on past time.
Anyway, the green trend is continue and I won't be surprise that bitcoin will reach golden value in the future for the second time
Similar with me, I started dealing with Bitcoin in 2013. So, this is a quite of experience by now. I also tried almost everything that was available from faucets and gambling to trading. I made some bad decisions in trading that cost me a lot of money but that was process of learning. I never regreted that I started dealing with Bitcoin and I plan to stay no matter what. The situation with price is looking good now but just because of experience I'm still very cautious with predictions. |
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It would be very nice not depending on banks at all but at the moment this is still utopia. Cryptocurrencies can't replace fiat and because of salary that we receive on bank account and how the whole economy system is functioning we still can't live without banks. To my opinion the situation will not change so soon. I'm trying to use crypto as much as I can but I still can't live normal life without bank services.
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As the value of Bitcoin is rising scamers are getting more interested. They engage more and to naive users offer different scheems for profit and becoming rich over night and people are greedy so there are always some who are easy prey. Scamers are always present regardles the Bitcoin price but in such positive situation like we are having now they are also looking for their extra part of illegal profit.
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The price is on the rise, the market is looking good but unless this lasts for a longer period of time I will not say that we are having bull run. The price is still fluctuating and some corrections are still possible so I would like to wait for a while with predictions. But anyway this situation when the price is going up should be used in the best possible way.
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Although the price is on the rise and the market is looking good don't forget there is still a long way to go to 10000$.
Personally I would more prefere a bit slower and steady rise than quick pump. To my opinion the price will stay for a while in the range between 5500$ and 7500$ because I expect some fluctuations and corrections too.
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Undoubtedly, the government of any country plays the most important role in the development of anything. This also applies to the circulation of digital money. The government is developing laws governing the high-tech business and giving it the opportunity to grow. Any community involved in the development and promotion of cryptocurrencies is important, but it all depends on the government decisions that regulate projects in the field of blockchain technologies.
I wouldn't say that governments are playing the most important role but definetely the significant. Ny the regulation and framework they give they could influence the development of cryptocurrencies in positive or negative way. I think that with time their influence is becoming more and more positive because they are aware of importance of implementation of new technologies into society especialy economy and that new high-tech technologies including cryptocurrencies could contribute to prosperity of countries. |
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Yes, once again this is bad news for the Crypto world, because the Binance market has been hacked, but Binance is a big exchange and has large funds so it won't be miserable despite losing a lot of BTC.
A bad news for crypto world, yes, but I would say not unexpected. Exchanges are very often the target of hackers and I think it's about time to start care a little bit more on security. That doesn't guarantee they will not be hacked because 100% security doesn't exist but at the moment they don't pay enough attention to that. Still it looks that this time Binance hacking didn't influence Bitcoin price in bad way. |
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As far as I know in majority of countries cryptocurrencies itself are not taxed, only transactions are. By this measure Ukrain is maybe trying to buy some time to see how situation will develope ina 10 years time. And for cryptocurrencies this is a very long time and by then I'm sure that crypto regulations of any kind would be at totaly different levels.
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