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2341  Economy / Speculation / Re: Bitcoin price to reach $17k? on: November 16, 2020, 03:57:48 PM
Bitcoin wanted to retest $ 17000 but was unable to, the last resistance was at $ 16400,
and now it's down at $ 15900, this is scary for bitcoin price movements going forward,
Why scary? Have we lost a chance to see $17,000? Not at all, the decline after a big move is normal. There is no problem with correction, I am pretty sure that the increase of Bitcoin price will continue. If you are afraid to lose a chance for profits, it means you don't have a brave mental of a Bitcoin holder. NOw it is the time to test us how brave to hold before the bullrun day.


I would not say anyone holding is braver or not, infact everyone has their risk appetite and accordingly only should work. Because some couple of thousand-dollar loss to someone mean nothing and to other it may mean a huge amount, so as per their own gaols/risk appetite one should be buying/selling.


That's the misconception. Many people believe that holding is the best thing to do, indeed it is but there will be times you will make a choice given that the market price is not consistent. The market value could fall in a sudden and there's no notice before its occurrence. If you do feel of selling, then you are free to do so, and doing so neither wrong or right decision because that is your money in the first place, meaning, you are the one to make actions for it in a way that you think will benefit you. But if you can afford holding for now, since there is a momentum, it would be a good thing ofcourse because profit could be bigger.
2342  Other / Archival / Re: 6 Most Popular Criticisms Of Bitcoin on: November 16, 2020, 03:37:47 PM
~

Progress does not stand still and, perhaps, in a few decades, or maybe even earlier, we will witness the birth of an absolutely new technology, which in all respects surpasses everything previously created in the direction of digital currencies. So nothing is impossible and your thoughts may well turn into reality.  Smiley
Just having some questions: If one day further development takes place, will Bitcoin still be as popular as nowadays? And will its market value still be volatile? Not to be far from this topic but I guess Bitcoin being profitable makes it popular to many people and its volatility is attracting many investors towards it. How did I come up with this idea? Bitcoin is a digital currency which is created to provide convenience to its users as a mode of payment. So developments could be concerning stability in its price to be used in daily transactions, right?

Going back to the topic, this technology have faced many criticisms such as being a ponzi or fraud but people do still admire its benefits. Many cryptos tried to surpass its capabilities and usefulness but Bitcoin remained on top. To answer it in short, there's something in Bitcoin making it different from other cryptos and digital currencies in general.
2343  Economy / Economics / Re: Still confused why bitcoin is so bullish? on: November 16, 2020, 02:59:03 PM
Why are you confused? The market is the same every time and a period of low price is followed by a recovery. We were in the longest bear market in history so people were waiting for things to turn for good. Then we had a series of bullish events like institutions buying, the price looking strong despite the pandemic, PayPal news, the significant resistance of 14k broke, now Trump who wasn't very friendly towards Bitcoin loses the election... It's natural for bitcoin to rally.
Some investors or users are confused due to the inconsistencies of this market. There's no patterns, that's the bottomline." Everytime the market price is falling, it will eventually rise". That's what usually happens in this industry but certainty is still lacking. Recoveries still occur without assurance of its occurrence. And I doubt the election has a direct impact with the market price. Some people would say that what PayPal did, made this happen, some will say it is the outcome of the election. But I'd say, interests towards this technology is the main reason.
2344  Bitcoin / Bitcoin Discussion / Re: The Risks Of Bitcoin Going To Zero Has Gotten More Lower Than Ever on: November 16, 2020, 02:07:33 PM
I don't get this. Does it matter whether BTC becomes completely worthless or not? The current exchange rate is around $16,000 per coin. Let's imagine a scenario where the price dips by 99.9% to $16 per coin. For those who invested in Bitcoin at the previous level, this represents almost complete loss of their capital. For them, at this stage it doesn't matter whether the price of Bitcoin gets to $0 or $10.
Maybe OP wants to know the reaction of people in this industry if such thing will happen. Well obviously, all of us will be disappointed. What will be our action? IMO, I'd move to another crypto which is still profitable investing my money with. Where's my loyalty in such case? Loyalty won't feed hunger. You need to continue. But enough with exaggeration, there is a possibility if we will be rooting for its definition, but slightest chance as we can see at this moment wherein the market price fell before but still managed to recover simply because there is a market demand and volume.
2345  Economy / Speculation / Re: Will Bitcoin break its previous ATH record of 20K before end of 2020? on: November 15, 2020, 11:21:53 PM
Breaking $20k is not really the point of bitcoin, aside from all the technological and psychological and even sociological reasons why bitcoin was created, the other point of investment to bitcoin is to always keep growing, it may go down time to time and take a while to get back but as long as bitcoin keeps growing bigger and bigger that means we are going to see a ton of big prices like this in the future.

Sure it will break $20k, it will also break $25k and $30k and $50k and $100k and all other higher prices, we will never stop going up, and will always have eyes on higher levels. The only reason why we are not investing right now all the time (which looking at price going up, many of us do) could be because we think short term and in short term it doesn't have to go up all the time.
I doubt that it is the purpose of Bitcoin.
It is a digital currency made to promote convenience with transactions. It just happened that its market price is volatile since there's a demand and volume in the market. But someday, once it's been adopted across different countries, things might change. Its market value could become stable, because it won't be used as a mode of payment if its price will still be volatile, in a sense that people will hesitate using it because of the profit, which is somewhat contradicts its concept as a currency.
2346  Bitcoin / Bitcoin Discussion / Re: My view on Bitcoin on: November 15, 2020, 03:56:46 PM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

I also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.
I don't think of Bitcoin as an asset to hold and profit from. I really want it to be the money I could use just like fiat, but without a bank account. Unfortunately, the only way I use Bitcoin is that I sell it in small portions for fiat and then use the fiat to buy stuff. I'd love to use Bitcoin directly, but there is a very limited number of places where I can do it. Moreover, these are usually places that sell things I don't need, and I don't want to buy things with Bitcoin just because I can (I want the things to be what I need). So I don't blame those who see Bitcoin is something to get profit from.
That's no surprise to know more people are into Bitcoin and crypto investments than those aiming to just promote convenience with regards to transactions. There is a limitation with regards to the transactions for the users and even in areas wherein there is freedom from using cryptos as mode of payment. People will still aim for profit as what you've mentioned. Transactions are indeed fast but to what extent will it be more beneficial to the users knowing how huge their profit are getting from doing so. What's more likely happening is that people are more concerned with profit than convenience which is just showing practicality. As different individuals we are able to see something thru different perspectives, which reflects to its subjective importance to the users.
2347  Economy / Gambling discussion / Re: 1x2 vs the correct score bets on: November 15, 2020, 03:19:25 PM
Correct score is only good as a side bet even if you get lucky it's still very difficult to maintain a profitable record compared to 1x2. The only time I would take correct scores is if there's an extra reward for it like promotions, free bets or contests. 1x2 is just better overall it's hard to recommend correct scores unless there's a league that consistently ends with certain scores.  
Despite of slight consistencies with the scores, things are really hard to determine especially with the scores. Most of the time scores of each teams are less than 3 but there are those "lucky days" wherein a team could score higher which may result to loss for the bettors. I'd still go with betting on which team will win because the odds are smaller as well as winning ratio. Also there are more basis which could be factors for a bettor to determine the winning team such as their stats, and popularity of the team in general. I am not really into football betting games but I think, in such way, the risk is smaller than to correctly predicting the end scores.
2348  Bitcoin / Bitcoin Discussion / Re: Buy Low, Sell High on: November 15, 2020, 02:41:19 PM
The main reason is doubt. Ofcourse the best time to buy or invest is when the market price is low because it will generate bigger profit. But the question is, are you willing to take the risk of having no assurance of when will the price increase occur? There was the opportunity already early this year but many people still did not do so. Simply because they are having doubts and hesitations to do so given that the market price is low for more than a year and  everytime it gets a price increase, dumps will occur eventually leaving them not profit at all. Most of the people are aiming for assured profit since their resources of investment money.
2349  Bitcoin / Bitcoin Discussion / Re: Public perception of Bitcoin as payment method (survey) on: November 15, 2020, 10:20:29 AM
No one would click a random link provided by a newbie also no one would be interested is sharing their personal details to any random person. At least I am not comfortable!

If you have any specific questions, you can post here in your thread and we will answer those but refrain from gathering persona details whatsoever!
That will be difficult as a researcher, first you have to manually collect the data and then I think most surveys online for research are mostly anonymous and does not ask for personal details. I understand the skepticism of clicking the link in an unknown site.
Not actually anonymous but in online surveys, they are mostly making names as optional. But what will probably pull down the credibility of this study is that the sample are totally random. Random sampling still is having qualifications to support the data to be used in the study perhaps students of the same school. And if in this case, users only in this forum but it will be hard to limit the participants in this forum alone since it is a website which is open to all person. Anyone could have access in it. When it comes on users not checking the site, that won't be a problem because being a participant is voluntary.
2350  Economy / Speculation / Re: sold mine at 14100 dammitttt on: November 15, 2020, 09:45:35 AM

Well there will be regrets seeing how high its market value at this moment. Profit could have been higher if his holdings were not sold early but, there's nothing wrong from doing so. No one is certain that it's price will again reach and break the $16k mark. What he did is just assuring his profit. There's something to appreciate still from doing so. Let's put it this way; the market price fell in a sudden. Perhaps in this case, what he did is bet right? the point is lack of certainty and in such way, actions will be merely based on one's speculations. There's more to regret if he sold when a dump occurred.
2351  Bitcoin / Bitcoin Discussion / Re: The last time we saw 16K on Bitcoin price on: November 14, 2020, 07:16:40 PM
That's why we shouldn't ever compare Bitcoin with any other shitcoin. Even Bitcoin drops for quite some time, but it has been recovering soo faster. I have lost many form shitcoin, even still holding some of them. But not recovering from years. I don't when we will see a bull run for shitcoins, but we are on a bull in bitcoin. Shitcoin is just a pain, nothing else.
There are even cases wherein fees are higher than the assumed profit from selling those coins. In my case, I choose to just keep them as a souvenir from the project's I've worked with. At first ofcourse no one knows whether a coin will be useless in the future or not so it is quite a matter of speculations.

The difference in terms of price recovery might have something to do with the number of users, transactions, demands and the volume itself, which is far from what most of the altcoins are having leaving them best for short term holding. Most of the altcoins projects are only lasting for months since further developments are not working. There are only few which are having recoveries as years passes by. There is a slight to no chance at all for those altcoins who were left behind because most of those projects are now considered to be "dead".
2352  Bitcoin / Bitcoin Discussion / Re: HODL ₿itcoin for Life, not for Lifetime. on: November 14, 2020, 06:55:36 PM
The market price is naturally volatile, thus, holding will give you nothing. Holding alone is not enough. If you are aiming for profit, you should know when to hold and when you will sell your holdings. Deep market analysis therefore is also needed. The market value will not continuously increase as months or years are passing by. There will be times wherein the market is low, which are also times wherein investing is a good thing. Also, not because the market price is continuously increasing, selling will be a bad thing to do. It does depend on your situation. It is advisable to hold but sell if you must, as simple as that.
2353  Economy / Economics / Re: Need of the hour : Use the Crisis on: November 14, 2020, 06:24:45 PM
During this difficult times we have to think of other ways to earn income since a lot of people don't have a job because of this pandemic. The trend lately in our country is doing food business online, selling food online which is easier to attract customers. Also what I did to earned is selling baked goods which are also in demand because some people don't want to go to any store to buy foods to avoid this virus. So we have to think other ways to to earn to survive during this crisis since we can't rely on all of our needs from the government.

Doing an online business from home is probably the best idea during the corona pandemic. If we can income from home while staying save from the virus and protect our families would be awesome. I thought myself about doing something in the food area but in my country its very competitive at the moment. Due to the new lockdown all the restaurants and bars are closed. The only way for them to get any income right now is either by the government, which is usually not enough, if by doing delivery services of food. It's very hard for a new player to get into that business.
Not the best idea but rather the only way to generate income if you're not capable of getting back to work. But that won't be as easy as it may sound. There will be a competition in a sense that many people are doing so. So you need to come up with an idea that will make you stand out among the competitors ; it could be service, promotions, or anything which will help you to be more recognized. It is not a bad thing, in the first place you did not start a business to just lose money. And it is a requirement to be competitive when it comes to business.
2354  Bitcoin / Bitcoin Discussion / Re: what happened to Bitcoin and cryptocurrency? on: November 14, 2020, 05:52:30 PM
would Bitcoin and cryptocurrency survive? or even Bitcoin and cryptocurrency will become legal too?

It's legality depends to the policies within the region or country. Bitcoin will still survive, I guess. There are many cryptocurrencies having the same feature as with Bitcoin but why is it still on 'top' of this industry? probably because of its wide range of users across the globe. It has a large community of users. There are many people supporting this crypto simply because they see something in this crypto which is not existing in other cryptos. The advantage of Bitcoin over those cryptos which will be made by countries? Decentralisation and volatile market value. These two are the main things. Ofcourse those cryptos to be made by governments won't be decentralized in the first place. Value will be fiat based so there will be a sort of stability which will not generate profit as an investment. It will be more used as a currency and given how many digital currencies being used, to what extent will it be more recognizer unlike with Bitcoin?
2355  Bitcoin / Bitcoin Discussion / Re: Have you received a call/text recently from a friend/fam asking about Bitcoin? on: November 14, 2020, 05:28:12 PM
All my friends already knows enough about btc, hah  Smiley
Well that's a good thing.
But what are they doing with their knowledge about it?
Are they using it to earn profit? Or are they using it to make use of the benefits of this technology in general?
More people are being hooked up with this technology as years are passing by because its popularity is spreading. Some impressions are bad, and some are good, which lead to inquiries or questions about it. But to put it simple, they are asking if it will be beneficial to engage into it, and if it is, how will they benefit from such technology. Only a few of them will ask how "bad" it is.
2356  Economy / Economics / Re: A problem that can’t be dissolved: mission impossible on: November 14, 2020, 04:47:54 PM
Family is Family. They are all you got whenever everything falls apart. But don't always show that you have everything and you can provide all. We all have different situations but it's almost alike. I always tell my brother that my money is all I got left but I give him something to start. If he wants to loan $100, I give him $50 and that's it. He is grateful already for that, he better be otherwise he'd get a slap lol



Depends probably in the culture within that family. To some, there are gaps such as in this case presumably, because OP is questioning to where will the money that he is providing, goes while to some culture, they will just give to their parents because that's the child's responsibility to the family. OP seem to be not giving this with initiative, but as something he is required of and it is a common idea that if you are doing something which is against your will, it will not be easy. Someone has to tell him that it is no responsibility to give back with what your parents gave you, because it is something in nature since there is an existing bond.
2357  Bitcoin / Bitcoin Discussion / Re: Can people rebel against bitcoin? on: November 14, 2020, 04:11:47 PM
I don't think they will investigate the Bitcoin itself but maybe the transaction which wallet it goes also about the India I think some of them running a scam investment using Bitcoin and some users assumed that the Bitcoin itself is a scam let's just hope they will not ban the Bitcoin.
Well it does move away from the crime committed I think. The crime is killing right? It is just that Bitcoin was used in order to make transaction. Then OP just mentioned that there's a possibility for the court to investigate this technology due to its involvement to the crimes. So what does it have to do with scam investment? The answer is simple to this scenario, the crime must be investigated and not the transaction to where payments took place which is somewhat far, 'coz if they will do such thing they will move away from the crime itself. All currencies are involved with illegal activities for the past decades simply because anyone can use it for their intentions.
2358  Economy / Gambling discussion / Re: An Indian boy committed suicide after losing money by Betting in IPL on: November 14, 2020, 02:46:27 PM
Even if i never knew this Indian boy my heart aches for his family and friends who are hurting because of his choice to take his own life.  To commit suicide is never the right thing to do and its so sad that nobody was able to help him.   

The sad thing is that the generation of younger age now is so fragile.


We hope it is a lesson for the other young generation in all countries, not doing the same thing as what he did. Borrowing money for just playing gambling is too risky, especially if we are losing the money and can not repay that loan. In the end, many of the young generations will end or commit suicide when they can not solve the problem. It is not just for the young generation, but it is also a job for the parents to watch their kids and guard them not to make a mistake like that.

Borrowing money to gamble would be a lesson.

But suicide? I think it would stay the same. There are a lot of people that did suicide from a lot of things and it kept on happening over and over again. They never fear dying since in their idea, it would be the end of their struggles and problem not knowing that it is far harder for those people that they left especially their family and loved ones.

When they think there is no way out of their problem, they will think that suicide will be the best thing to solve their problem. They will not think about the impact on their family if they commit suicide. Yes, they never fear death because they don't think much about finding the other way to solve it. The only way they think about is how they can end their lives before the person asks for the money. It's a pity because he is still young people who could have a bright future.

We realizes it now because we are not in the situation, but this man who are in the situation maybe are not already thinking straight that's why he think of committing a suicide. That's why prevention is always better than cure because the gravity of his problem is too deep already that he can't under it anymore. All we can do now is just to learn from his experience and be open for the possibility of committing suicide if we lose control in gambling.
We've heard stories of such and some are worse. Not to take this instance lightly, but the bottomline is that losing in gambling doesn't end with that alone. There will be frustrations at the end of the day to some people, not to generalise since individuals have different perspectives. Prevention is better than cure, which is correct. Yes, we are not in this man's shoe so we better be cautious of our actions in such activity. Only gamble what you can afford losing in order to avoid regrets at the end which could make another problem such as in this scenario. Lines of such are cliché, but that's the reality.
2359  Bitcoin / Bitcoin Discussion / Re: PayPal finally allowed BTC on: November 13, 2020, 06:13:41 PM
Why most of us insist on saying PayPal has some shading stuff behind; is there actions against some certain happenings. Have you read their TOS of this their buy and sell of Bitcoin service? please, kindly do to know what they are up-to. They have a very bogus TOS and i personally won't take that from PayPal, i rather buy from exchange than buy through PayPal service, period.
People are more likely frustrated for the market price of Bitcoin to again reach its ATH or to even surpass it. Maybe because for more than a year, the market price remained low and it is just this year wherein the market showed signs of recovery which probably lifted the hopes of many people and again catch their interest towards this technology. PayPal is a huge network and many people believe that this would be the first step towards mass adoption. But the bottomline is that, no matter how big its influence is, wide acceptance of this technology depends on the government's of each country.
2360  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs more women. on: November 13, 2020, 05:45:03 PM
I see what Bitcoin and feminism have to do with each other. Bitcoin was created by Satoshi and it is most likely a male. I know these women are very quiet financially, they are not going to join Bitcoin as my men do. Men are the tough tool of the challenge and they will do whatever is necessary to value and pursue the external hardships.
I personally believe that men in the financial world invest more in Bitcoin than women.
I think women or men are not an important reason to influence price movements in exchanges, sometimes a lot of rich people are also from women and both of these are very much needed for interaction in the exchange. indeed many men know about cryptocurrency because many of them often go online and read financial information in cyberspace so they know cryptocurrency.
OP is quite sexist. Not because a particular sexuality dominants a certain field doesn't mean they are the ones who are good at it and that the other sexuality is not. Dominance exist because of interest in different fields not because someone is inferior and someone is superior. Decades have passed and we should now break this idea for the next generation. Let us enjoy each and everyone's choices and interests.
Hey, I'm a woman with an interest in blockchain technology and bitcoin. we all know that technology does not look at gender. not important, if cryptocurrency is linked to gender. whether male or female, it is not a problem to invest and trade bitcoin. gender does not affect the quality of modern technology like bitcoin.
Not only on investments and Bitcoin, but to all of the things: sexuality and gender should not be a hindrance for an individual to make a choice. Allow them to enjoy things in their own way.
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