bitcoin’s previous price hikes were mysterious, but the current one is due to the devaluation of China’s currency.
I am not finding it is a valid reason for bitcoin's current value appreciations. Not just due to devaluation of Yuvan, bitcoin gained its value. It got new adopters and investors and currently bitcoin etf speculation pushing prices further. There would be many reasons and yuvan's devaluation might be one of them. |
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Only the whales can do that. And the exchanges in China are out of the equation now with out being able to move their coins out of there now. So they are SOL right now as we speak.  Anybody really who can move around 1000btc on a whim could manipulate the price quite easily. In or against their favor. It all depends on the timing of it really.  Yeah, people who can manipulate the price of the bitcoin are the ones who own a big amount of bitcoin and that is what happened earlier this year when we all got hyped over the price going up and the it eventually went down and that was because some big whales were satisfied with the price and decided to sell. |
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Crytpcurrency nowadays are very good for short term and some altcoins are good for even long term also it is just you have to pick the correct coin with the good fundamental roadmap with good projects to launch.
Quite the opposite, I really think that altcoins in general are not a very safe investment since their price is constantly changing and they are not stable and they don’t have a good exchange rate, if really won’t to invest you can always invest your money in bitcoin you can buy any amount from local bitcoin and save it. |
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Nothing important really. They mostly just come and go, so they carry little effect with themselves. But they do promote use of s, if people are buying them with s,
i think both depends upon each other... altcoin has a great effect in promotion of bitcoin... so i think without altcoin bitcoin will nothing and without bitcoin altcoin is nothing. so, both have their own importance... That is right since bitcoin has been getting much attention and getting doubled every now and then, it has become really hard to mine so it became not profitable and the only option was for people is to find other ways to earn bitcoin and that is exchanging altcoins so without bitcoin altcoins wouldn’t be a thing. |
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The first time I made a bitcoin transaction was from my old wallet to my current wallet, and I remember I was hyped and thought that I made much because my wallet didn’t display how much in USD my balance was but when I did send it to my Xapo wallet I was disappointed because it was less than a dollar because I got it all from the faucets.
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yes the main danger of cryptocurrency is that government and other agency are opposing bitcoin and its further spread into financial sectors because of its volatile nature and unstability.
No actually the real danger of the cryptocurrencies is that they become something that is used by the black market traders for illegal activities, for quite some time this has been a really major issue which made some countries put some laws on using cryptocurrencies. Because they are being used without being able to track down or know who is and for what it is used for, and that is a really big problem and we need to find a solution for it before it makes a really bad reputation for bitcoin. |
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I want to generate a constant monthly gain. Is it possible to do this by bitcoin trading? So, can I just do this by dealing with BTC trading?
Are there any people among us who can make a living by trading in BTC?
First to gain income from trading you need knowledge, experince and luck. There's no way you can get a constant monthly gain, You can't predict the accurate price of the coin so the profit / loss won't be fixed. This month trade result will be different than last month or maybe next month. If you want a fixed income, get a full time job. Treat bitcoin trading as a sidejob. Trading has never been a good way to make a fixed income, especially for a new user that does not have any experience, trading is more like gambling but with more skill because you need to have knowledge of the market and study it, but even with that you would have risks of losing your capital. |
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Many to educate your self like reading articles about investing or do searching in Google. And much better here in bitcoin forum many topics here about bitcoin investment. And you can learn more here.
Yeah, the best way to learn more about investing in bitcoin is to search the internet for articles and spreadsheets about the market prices and videos on YouTube, and especially this forum which I find a great place for people to share their experiences, and good thing that you asked first I see a lot of people making the mistakes of jumping in without having any knowledge. |
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As my observations, some of the banks are bankrupt without any valid reason, without making some announcements and they are not trusted. People deposited in a bank in a way that their money is safe there, they think that they are trusted but they actually dont know that they are wrong. Some banks their is like a bubble it disappear and well sorry for your money, it will all gone and never came back. But there are some banks also that are big, famous and trusted one, so choose the best one
because the banks are third parties who at any time could be a scam. in my country there have individual bank, after the bank was quite large, then the owner went to bring the majority of bank funds. Here it is scary they can't directly scam you, when they took your money away is because they are insolvent and they are going to declare bankrupt, this is the only case where they will lose your money and can't afford to pay back The banking system will never lose and I have made sure that they insure many times to protect you, and only then will take any decisions. People are practically robbing, if you look at the percentage of transactions and loans. Yes currently it is look like difficult the bitcoin will replace the banking system. As still most of the people ae depending on the fiat and even those who are using bitcoin they are also using fiat as their main currency and that is because they do not have the facilities to use bitcoin for purchasing everything. But still we are expecting that in future it will become possible when the users of bitcoin will increase. |
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Bitcoin is allowing to make any transaction anytime, the only thing is the delay it may take if the fee is tiny, besides those i can send any ammount anytime to anyone. Besides those i havent a cost or tax related to my income online of bitcoin, and that feels good to be able to spend all my income online without think about the fee it will picked to the country.
In fact bitcoin is freedom from using the traditional method of banking system. Now we do not need to visit a bank while using our money, we cans use the bitcoin from our wallet from anywhere and everywhere. There is no need to carry a bundle of money from one place to another you can carry your all assets with you using your online wallet with the help of your mobile and internet connection which is almost present everywhere in the world. |
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...
I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.
But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency I think it's not impossible for bitcoin to replace fiat on the future, only matter of time I'm not sure. Fiat will exist both in physical and digital format, and bitcoin will stand by and spinning only in its plane. Today, bitcoin and Fiat are not competitors, because each in its own sphere. Actually in present modern time as the trend of the people is changing toward online shopping and other business therefore government must be thinking about to solve the issue and I think government will thinking about creating their own crypto currency and which will under the control of government and people of their country will be using it. |
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It increasing in the last 24 hours is very inspiring to everyone involved in bitcoin and it's amazing growth this year so far.  It's at $1082 the last time i checked and this is an amazing achievement with all the bad press in the news lately with exchanges being raid by investigators in China and the unknown word of an big investment fund for bitcoin being approved in the coming weeks. So this is all something that should be driving down the price and not up. But bitcoin continues to amaze one and all with it's resiliency in the face of adversity in the market place. Really unexpected, when a lot of chinese trader confused with new regulation in their exchange Everyone think that the price will get dropped for a while, but wow yeah it's keep moving up Even now coinbase on the highest price at $1,091, while duo china exchange who always leading now behind them Things should go better after this, and $2,000 is the next stop. Indeed, the prices are not going to drop after the Chinese regulation concerning the exchanging of the cryptocurrency, but this only means that the prices are going to keep rising steadily, since most of the bitcoin miners are located in china means that will be less transactions and that only means less bitcoin. |
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until now have not thought about it because it is very difficult for others to cryptocurency could replace cryptocurency bitcoin my knowledge there because bitcoin created as a benchmark to price cryptocurrency.
I don’t think that any other cryptocurrency can compete with bitcoin currency do to their so much achievement and success. It seems to be impossible according to the present situation. If any currency try to do so they required so much time to come on to the level of bitcoin because is not organization which is new made it is established since many year so conclusion of all discussion is that not possible to compete with bitcoin currency rate and come on to the level of bitcoin. |
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I think to sell bitcoin prices are not for this year or next year until I find the truth in the picture below  [i mg]https://s2.postimg.org/wndz8enll/btc.jpg[/img] Wow this is an amazing graphic! Did you make it yourself? Crazy to think that we're slowly but surely organically growing toward that first number! I haven't really thought about my sell number because honestly it depends a lot on how the market acts. If we bubble for no reason it's a good idea to cash out, if it slowly continues to rise, it's hard to say! Really ? It was amazing calculation, even i don't know how accurate it is I just amazed with the speculation he made through the picture This should be a motivation too, for those people who confused when the right time to sell Then it's actually you shouldn't sell it all in the near future. It is really hard to predict what is really going to happen in the future concerning the price if it is going to keep going up or is it going down, so even if the calculations are true some factors may get involved and cause it to drop down, the point is you should always think for yourself and decide if the current price is good for you to sell or not. |
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Yes playing with profit is a nice strategy like if we deposit 1 bitcoins and we win 0.1 then we can withdraw the 1 bitcoins back and just try our luck with the 0.1 which we have now. But this needs some will power as sometimes after loosing that 0.1 we move on to deposit the 1 bitcoin also.
Withdrawing your initial bankroll is not coming under "playing with profits". Actually your way of gambling must be a secured one as you are talking about continuing gambling ONLY WITH PROFITS. But, here we need to consider, risking 1 bitcoins at first place and it is not that easy to gain 10% profits so hat we can withdraw our original capital. If it works then it must be a good idea, indeed. |
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I feel shameful because it is gambling it is illegal but it makes me happy sometimes if i am on the winning side and i feel sad sometime if i am on the losing side. That is why gambling is not safe so i feel shameful.
It is your choice to gamble, so if you win or lose you should accept your fate. Do not feel sad when you lose, it is part of gambling. There is nothing to be ashamed of if you are gambling for fun. If it illegal, however, don't do it. You might get in trouble for doing it. Or if it is really illegal in your place, do it discreetly. Don't tell everybody you are gambling. Unfortunately most of the gamblers are not getting into gambling with mature mindset. Only for the instance they decide to gamble they are coming in and never think about the consequences nor think about the legal issues of gambling. That is the reason they find gambling is disturbing their peace of mind after finishing up gambling with losses. |
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As mentioned getting a stable earning through trading is possible if trading is considered as a day job, else more time need to be spend on trading. Only then its possible to get the profit even with the small price variations. With bitcoin trading the good thing is that you will experience rare than other forms of trading digital assets.
Yeah, the most common mistake among many people is that they give up trying and quit at the first loss or obstacle they face, when it comes to trading you have to be patient and passionate about it and try to keep researching and watching the market in order to develop a good trading skill that will get you profit, if you give it time it rewards you with good profit. |
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Majority of the gamblers only are seeing it as an investment but for those people that are legit in investing career.
They are not going to consider as gambling as trading, we know that dice games are type of gambling and not just because you are going to deposit and allocate money to it.
You can call it as an investment.
Investments are not the perfect way to make money because they have risks involved in them, if you want to make money you have to work for it hard, and saying gambling is sort of investment is wrong because gambling is all about luck and has no experience or skill involved in it, investments have risks but they are not all about luck. |
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Yeah I really think that bitcoin is freedom,
We could use it to be independent we could earn our own money,
We are free from taxes and even kids can use it.
Off course, every one can use it. Bitcoin is freedom to all the people who are using it without any restriction from the government. But only thing is not to suggest the kids how to use bitcoin. Governments will have control who are exchanging from bitcoin to fiat currency, if they finds definitely it will leads to danger for their parents. Yes, bitcoin is an universal currency and everyone have the right to use bitcoin according to their willingness. I think there is no restriction for anyone to use bitcoin. But, honestly kids still do not need to use bitcoin, because still bitcoin is not using as currency and bitcoin is mostly use as investment, therefore children do not have any concern with investment and trading. |
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I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum
If you are asking the community or the individuals, it can't be manipulate. All I know is the big whale investors only can do the manipulation of the price value of bitcoin or the Big exchanges site can that also to manipulate due to they get bitcoin by volume. of course ordinary users will not be able to perform manipulation on bitcoin, need a big team that has substantial capital and good cooperation, such as making issues that affect the price and so forth In fact even the big whale cannot manipulate the price of bitcoin. Actually the number of bitcoin users are now increasing, and the users of bitcoin are present in all over the world so it is now becoming more and more difficult to manipulate the price of bitcoin. I think even the Chinese who have the more bitcoin users and minor still they cannot manipulate the price of bitcoin. |
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