bitcoin bull run is over, it has been over for a while but it is only over for now. it will start up again soon and we will see another big rise like always. but we shouldn't ignore the fact that price has been falling for some time now, even though we may think it shouldn't have fallen but that is what's happening so the best course of action is to adapt.
not to worry though, the potential of bitcoin has not gone anywhere. it is till there and still strong.
Never panic is the key, since bitcoin came across into a huge price last year whats happening now is totally normal, it was just due to the FUDs that were always made to keep the people panic so they can bought some in cheap price, In time btc will arise and it will make another ATH so we just need to enjoy the ride and avoid getting panic on FUDs. a drop after a huge rise is perfectly normal. but also a huge drop is not normal at all, and that's what's happening right now. that is why i don't consider anything about the recent drop from $19666 down to $5920 (-69.8%) (prices from BitStamp) normal. it was an over-panic situation in my opinion where things got out of hand and the drop became a lot bigger than it should have been under normal circumstances. You know right, the "huge" price drops because there's so many newcomers buying bitcoin without even know what it is. it actually reminds me a lot about when bitcoin first hit $10,000 and so many media starting to exposes bitcoin resulting a huge exposure towards bitcoin and mass adoption. Even some exchanges in the past announced huge amount of people registering within a day. I'm not surprised at all with this even. Even I know from the start that the sudden price increase like what happen when bitcoin about to hit ATH is dangerous, if there's a little bit of correction, the panic sell will be even worse. |
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How much will 1 bitcoin be worth in 2026/27?
People can't tell the price of bitcoin for the next day or even for the next hour so how could you expect from people that they could tell you about the price after 8-9 years. And why are you so worried about the price after the 10 years from now or i think you does not know anything about the bitcoin in depth and just wanted to post something in order to increase your activity. I guess that he's asking for your guys speculation not asking what prices bitcoin will be in the future mainly because it's the same as when people asking fortune teller to tell what will happen in their future, just if this could be done, then there's no poor people left. However my speculation due to limited supply and mass adoption, could hit new ATH at least, above $30K but who knows. Even bitcoin's price could change within 24 hours drastically. |
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Everything that suddenly pumped significantly in a short time is a bubble, including bitcoin when it reached $20,000 and then pops up to $11,000. Look at the current price at $10K, barely can't pass the $12K wall. Hence, it's better if bitcoin price increases slowly but steady.
lol no, thats not the real definition of a bubble because what i heard is that a bubble is something that pops out and dissapear in thin air without a trace. pumping of a coin is pretty normal and that is due to the more demand that it gets from the public as well as market manipulation by whales. dumping of the price is also normal as it always happen in the case of crypro curency and that is also due to the lesser demand as well as manipulation. overall i do agree that we are now closer to the bubble because bitcoin is still continue to decrease from hero going to zero. If we compare this year's current price with the price when we still on the early of 2017, we still above, I only consider bubble when an assets increasing so significantly and when it pops, it's gone, or at least, have lower value than or back to the beginning price. as you said, price dumping is really normal and this cycle always happening in the early months of every year. It's been proven and someone even have written an article regarding the pump and dump cycle. What makes this year looks different is because the mass adoption has increased significantly and there's so many newcomers who always scream even when bitcoin just drops about $1. |
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Nice post buddy, i assumed only one reason for that... ratings. As we know if the media can always make a news can be extraordinary, or extraordinary news to be fantastic. The power shapes public opinion. Sometimes used by certain parties in order to gain profit. just be awarel of the news in the mass media so we are not trapped inside. follow whatever the mass media say. always wise in reading the news and always update on cryptocurrency. They're trying to gain ratings in a bad way, and also, a FUD to the cryptocurrency. Sometimes there's some news writer or reporters that have really minimal knowledge regarding cryptocurrency and they still writing about cryptocurrency anyway and ended up ridiculously releasing a wrong news with wrong information regarding cryptocurrency. Kinda silly to read all of those news but it's the reality. However, the news site could also trying t control people's opinion as you said and media is a really really good way to change people's opinion over nonsensical writings from people with minimal knowledge about cryptocurrency. |
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EtherDelta is the most common and easy way to sell tokens
Not actually that easy, the interface is plain ugly and sometimes really confusing people, also you can't just set a sell order and automatically picking buy order above your sell order rate. You need to pick it yourself and every trading transaction requires GAS. If the ETH network are getting crowded, then it's a disaster for every EtherDelta traders, also their platform limited to an ETH's ERC20 and ERC223 tokens. Just my advice to OP, trying to lurk into the ANN thread of the coin you want to sell, maybe ask there which exchanges accept the coin if your coin is not yet listed in coinmarketcap.com |
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I think they was down due unplanned maintenance.. but we will understand very soon. If withdraws continue to be fast and flawless, then everything is OK. If they were hacked.. this will hit the whole market, because Binance is currently the best exchange. People are just speculating too much and too worrying about the hacking event of an exchange, maybe they just got traumatised by Mt.Gox while I'm here, even if the exchange is hacked it won't harm me because I always saving my assets in my own cold storage or paper wallet. However, if this exchange turns out to be "really" hacked and getting closed down, there will always appear a new exchange just as you see, so many exchanges trying to compete with these. |
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So everything is in the title.
What can you do when you have been scammed ? what are your possibilities to recover your funds, I mean here in the community, excepting going and report to the police.
Well, doing an online transaction especially using bitcoin, we don't have any power to bring back what is loose, because as we all know, our identity here is anonymous. the only thing we can do is accept our faith. If it happens here in the forum, we can report them to the admin and put a red tag on them, but that's the only thing we can do, about recovering your fund, you can only do work on a campaign for you to slowly recover from what you lost. But what if the person who scammed you was not feom this forum? Maybe we just have to yes, accept our fate. Acceptance would make it easy for us to understand things. Just go on with your life and try to work harder and focus on earning again and do double time. Just focus and forget it and let it be a lesson. Just to point out the very obvious reason of why you can't do things when getting scammed when using cryptocurrencies is that the transaction is "irreversible". No organisation or governance that could cancel the transaction because all is decentralised. Basically end of discussion. However if you still can track them down and then find out where they live, still a slight of chance you can sue them and filling a lawsuit. |
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It's fun to see how the market domination from china which few years ago is about 60% decreasing to less than 10% and now will become 0% but here we are, bitcoin still stand srong. Believe it or not, so many chinese people have migrated to other countries which cryptocurrencies friendly. Can't blame that, it's better to move to another country and being rich than staying but becoming poor. just another fud. I don't believe China can stop crypto world
Exactly, the speculation which was made by OP clearly a pointless fud  |
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If you hands are really that weak, shouldn't investing to cryptocurrencies in the first place. Yeah bitcoin and other have now becoming speculative tools but however, it's still have other function as well as the means of spending or virtual currency, the drops is really usual seeing from the every beginning of the year's cycle. If you afraid about regulation in your dearest country. just simply get off, then you can sleep easily afterward. Really worried about the price of bitcoin in teh last week particularly, The senate meeting is in 2 hours about possibly adding regulations to bitcoin in teh US, Should I just sell before the meeting incase the price really fall? Any advise, if they decide to add regulation any speculation of the price drop? Thanks in advance  Things turned out better than expected, yes there is the possibility of more regulation but that was to be expected, but there is no risk of a ban and thatis what has been impulsing the recovery we had in the last hours, however you need to rethink your strategy, why you are so worried, did you invested more than what you could afford, because if that is the case then hold until you can sell for a small profit and only leave in the market the amount you are fine to lose in case things go wrong. This, S.korea itself has announced that they didn't ban bitcoin, instead, trying to regulate it so people can use it legally, I don't know why people are so worried like there'll be doomsday if bitcoin gets banned though. Isn't the main point of using bitcoin is to be free from the current stupid economic system and bad country regulation? |
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What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Governments of the third world countries must support Bitcoin. Considering that these are poor countries, they must encourage their people to invest in cryptocurrencies so that they may be able to help them in their financial needs and also in their economy. They also must provide right information to their people regarding Bitcoin. Unfortunately most of them denying the existence of bitcoin for the reason of bitcoin could disrupting their economic stability, if the government encourage all their people to invest into cryptocurrencies and all of them doing so and then suddenly the price drops can you imagine what will happen? a crisis, yeah, all the things you will do have the consequence. It's not about helping financial needs, bitcoin is now becoming speculative tool and definitely not a good thing to go all in. |
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Im not sure. I think thats only rumor. But i can see that bitcoin us also advertise in facebook. Thats why i also know baout this when i saw the ad.
The answer is no, just think about it Facebook is a social media and that can be downloaded freely so where is the question of charging money for downloading it and for using. So Facebook is nothing to do with bitcoin, FB just a platform for connecting with the people. It's just a kind of false news that's it. You just don't get it, facebook opens a service to advertise someone else service or company and they will need to pay for it, currently they only accept credit card, and paypal. what we're talking here is that if Facebook accepting bitcoin to pay the facebook advertisement to advertise us. Downloading facebook is indeed free but the company will not running if not because their revenue of these advertisements. |
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What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?
First reaction - I am frustrated and depressed. However very soon I try to do everything to avoid mistakes and trade again. That's also me and after its sinked to me what happened I move on little by little and take a break from it and just come back when I'm already fine. While starting all over again and have a positive outlook is a must. Sometimes people need few times to rest before going to the battlefield again, same goes with you, it's actually good to keep your mentality and also learning from this experience by always thinking what you should do if you need to overcome such situation, atleast, you can recover back your thought and keeping up again. |
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The Practical part is not the price, but rather the use case. If people can transfer millions from one country to the next and pay +/- $5 for the transaction, no matter what amount is send, then that is practical and economical. People are currently using EXPENSIVE Remittance services to do this and Bitcoin is more Practical.  Different use case decide whether it's practical or not then, it's really true that no matter how much money you send, if the transaction size stays the same, the fee will also stays the same. kinda benefits a lot for those who sending money in big amount or maybe millions of dollar, it won't be eaten up by fee like other remittance services, but for those with kinda low amount of trnsaction value. too much suffering due too high fee. the fee could eat up to 3/4 of their money. |
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Steam dropped bitcoin support citing "high volatility" as a motive. When amazon stock jumped from $18 to $1,200 over a period of years, was this high volatility a bad thing? If bitcoin's value increases from $6,000 to $16,000 over a period of months, and HODL'ers benefit, this high volatility is bad? Where does the idea of high volatility being an unnecessary evil come from? Are there good arguments or evidence which support the concept of high volatility being a negative circumstance? In a sense, volatility simply means the price of something moves a lot, its not that bad if the vast majority of motion is in an upward direction?  Bitcoin volatility has a double eage sword for Bitcoin holders and traders. Double eage sword because when its value fluctuate in a positive direction the holders and investors Will benefit like wise if Bitcoin market value fluctuate towards negative direction same people will surfer the consequences. That's true, steam also cancelling their acceptance for bitcoin as payment method because the volatility, just by the increase of market capitalization in the future, I really hope that bitcoin will not be as much as volatile as now it seems, for it, the adoption will increase with the decrease of volatility, bitcoin then become the real cryptocurrency that's practical and spendable around the world. |
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It seems that they are trying to get rid of all threats that could potentially threatening their local currency, they just too aware of nothing, bitcoin is digital currency, if internet is not fully covered the whole country, seeing that indonesia is 3rd world country with low internet coverage, there's nothing to worry about. Even the 24h market volume still low there, why bother.
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If even some small countries adapt bitcoin I guess the big ones will follow them in order to not fall out of the competition and it would be enough just one strong country to do that.
Actually the big one already make their action, and those are well developed countries such as US, Japan, and many more. Even some of them not recognizing bitcoin as a currency but more about a commodities, it's still a good thing, atleast, they recognize it and people can freely use it without any risk of being accussed of doing criminality. |
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You never earn money from stock market like bitcoin. More risk, more profit. I always prefer bitcoin.
It's all depending on the volatility though, bitcoin present you more high volatility meaning higher chance of doubling your money whereas the stock market need or took few years just to increase hundreds percent. But if you're saying that you could never earn more money from stock market than bitcoin, not entirely true, there's plenty of stock investment that could give you hundreds percent of return. |
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what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
Economic impact is a small redistribution of wealth as some people get lucky and hit it big, however on the wider economy it does very little. It's a useful tool but doesn't really change much in terms of economic efficiency, at least not yet. There are some promising developments that are coming though but crypto is more of a tool to guarantee freedom than one to stimulate the economy. Can't agree more, the people who lucky enough to hit it big is just a little part of the cryptocurrency community, the other's still struggling or even losing their money because mainly it's the redistribution of wealth, could create a gap between rich and poor, also the money circulating will be the same but with just the ownership of all these money will always changing. |
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The exchange charged you 0.002 btc but they had only paid 0.000226 as a fee , that's why you are waiting a lot
it's the exchanger fault since they took from you 10 times more than what they actually paid
the network sucks these days and there are plenty of transactions , all you can do is to wait if you already tried ViaBTC accelerator
if not give it a shot , it may help you
Where can i see they only pay 0.0000226 for fee? You can see it yourself in your own link: https://blockchain.info/id/tx/ef082034e87896e390f1ec35a3fcebbaa0facf4a36cceb212e85d4c670d1a59dFees: 0.000226 BTC. Stupid exchanger I must say, taking profit from the miners fee that's supposed to be paid to speed up the transaction and resulting slow confirmation for their users. |
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Reaching nearly $19,000 on certain exchanges (it's trading for as high as $30,000) is getting a little concerning, there might be a pullback but even if the worst case scenario would happen, it's still good for the long-term run. Blockchain is here to stay.
The pullback already here, but it's what many people call correction, the price change is really significant from the price you mentioned above to merely $15,000 but speaking the truth this achievement itself even after the pullback beyond imagination of many people in the start of this year, the price increase more than few hundreds is already a huge achievement. |
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