If BTC is stable, ALTCOIN will pump
I doubt this will happen for a long time. BTC had been stable for many occassions and it takes months before it jumped again and yet altcoisn are still slow to move. Best case would just be to be pulled by the pump of bitcoin than looking for a chance with another stable year. Major move in altcoin market is always after the pump of bitcoin, first bitcoin pumps and after it stabilizes at a point then altcoins start pumping in terms of both bitcoins and USD also. Till now there isn't any sign of a pump in bitcoin price, even this price range of $9.6k is pretty uncertain and anything can happen now, bitcoins can again drop to mid $8k or can push higher to go to $10k and beyond. The chances of happening of the latter is quiet high in my opinion. |
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Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!
Let's discuss at the point!
Now take another example OP, suppose you brought bitcoin at $20k and in a day the price went to $16k, now please calculate the losses and see whether bitcoins is get rich quick scheme or more of a hold for a lifetime scheme. I guess you can clearly see by this post that only an experienced person can see past minor market fluctuations and also should be patient enough to wait to see profits and not sell at the time of panic selling in the market. |
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Bitcoin (BTC) price continues to inch closer to $10,000, rallying 5.68% to reach $9,600 on May 28. The Crypto Fear and Greed Index shows that within the last two weeks traders’ sentiment has shifted from ‘fear’ to ‘neutral’. The daily chart shows that Bitcoin price has pushed above the lower trendline of the former ascending channel and the price is meeting some resistance at the VPVR high volume node at $9,675. So what's next for Bitcoin? How do you think? The next rather for bitcoin is reaching $10k and it it reaches this mark and also holds this price for some time without going back to $9k levels, then we can say that the resistance has been broken successfully and now we are heading towards moon. This price range in which bitcoins is currently present is very critical for the upcoming months of bitcoins, if bitcoins looses grip then we can surely see $5k to$7k range again. |
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Actually I am sharing my personal experience with Bitcoin to aware all Bitcoin earners.Hope you all will not make mistakes like me.
At First I started earning bitcoin when its price was around 1000$ and then I worked in crypto for full time.And Day by Day earned 0.1 Bitcoin.Then I suddenly attracted in HYIP(Highest Yield Investment Program) investing and lost my funds gradually and at a time I left it.Then again focused on earning Bitcoin by doing micro works like Airdrops, Social and YouTube Bounty etc .Then I earned Again 0.1 BTC but now Btc Value has increased to 10000$. I have traded in many exchanges like Binance, Mercatox, Kucoin and others and bought Altcoins using Btc.To be true I earned a lot from there.But the last time when Bitcoin Dropped to 4500$ in this Year I made some mistakes by holding Altcoins and by trading without Stoploss and without any proper technical analysis.
So it hurts me when I see that I have lost 50% of my total Portfolio because of some little mistakes.I tried hard but again and again I lose funds when my total Portfolio touches 0.1 BTC..
Suggestions: That's why I think you all should be careful about bitcoin trading and focus on Altcoins when you are expert.And must avoid HYIP investments and go for earning bitcoins without taking high risk.One day you will know what actually means about success.
You should always trade in altcoins with supreme care as they are highly volatile and especially the low volume ones, their price can easily be manipulated by a person or a group of people and if your timing is wrong in entering that market then you are left with a bag of worthless coins commonly known as shitcoins. Also the basic trading analysis is must before doing any trade in a market as if you don't do the homework then it will be equivalent of throwing your money away. |
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I'm making a little research into the Bitcoin and how people perceive it.
It boils down to people's experiences with Bitcoin and the value it gives them.
I won't be giving any of my experiences or views or any other information which might alter your opinion.
All I'm proposing is you give 1 PRO (positive) and 1 CON (negative) about Bitcoin. 1 of each, no more. You can give an explanation to your choice if you so wish.
At the end of each week, I will make a post and present all PROS and CONS gathered thus far so we can all see what drives people away and towards Bitcoin.
Pro: Anonymity, the user you are transacting with can be anyone, no one knows his real identity of the person they are transacting with, only a wallet address is sufficient enough for transacting. Con: Volatility, Bitcoins price is many a times highly volatile, at the start of the day your wallet balance can be $10k but at the end of the day your balance can become $11k or $9k with the same amount of bitcoins kept in it. |
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Government have always been wary of Bitcoins as a whole. They are never ready to accept that cryptocurrencies have made a significant improvement in the lives of many. Unfortunately if you search online about the taxation on Bitcoins , in many countries it's very unreasonable. It's not a government owned platform. One might be aware of the fact that the government is tracking down people who owns Bitcoins. Taxes on cryptocurrencies are always a matter of debate , in a country like India 30-20% of the Tax is supposed to be paid by the handler who is using the cryptocurrencies like Bitcoins and earning more than a fixed number. 20-30% is not at all a reasonable tax price. At the same time there are countries where taxation is not considered regarding the cryptocurrencies. Portugal Germany Singapore Malaysia Belarus Slovenia Malta Switzerland ( https://news.bitcoin.com/eight-countries-that-dont-tax-your-bitcoin-gains/) What do guys think ? Should the government place taxes on Bitcoins or should they let it be? Since they are not helping cryptocurrencies in any way, I do think they should stop making profits out of people. A reasonable tax percentage should be applied ofcourse, but it does not give them the right to label the cryptocurrencies as free money . They should understand that it's a serious issue and if some money is coming from cryptocurrencies, they should at least use 1% of it to educate people about cryptocurrencies. How much is the taxation on Bitcoins in your country ? Is it reasonable or government is just trying to make profit out of it ? Taxation on Bitcoins is essential for promoting Bitcoins and their use either as an investment or as a currency. As government holds an account of all the various amounts of tax collected from a sector and then they also give benefits to the people in those sectors depending upon the tax they collect. So if they collect huge taxes from bitcoins industry then they will most probably have more attention towards it which can be good for the future of Crypto itself. |
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I know many of you’ll will be pissed at the title, but before you vent your ire just have a look at the tweet and then decide for yourself. According to the tweet the wallet was dormant since 2009, but suddenly today bitcoins stored in the wallet have been moved so can anyone study this and confirm if it’s actually satoshis wallet, or this is another fud attempt and we should not pay any attention to it?. Source: https://twitter.com/whale_alert/status/1263120977849978880This couldn't be the wallet that Satoshi was holding as if he had to move his coins then why did he moved the coins from just a single wallet, he is having a huge supply of bitcoins that is known to the public. So I guess it's another user from the early days which would have the urgency to spend his coins that he was holding back from the starting days of bitcoin. I dont think there is any reason to freak out just because some guy moved the coins from a single wallet, if the coins would have been moved from many of the wallets that mined the initial blocks then the scenario would have been different. |
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What do you even answer when someone asks "can I make money mining bitcoin?" I mean the answer for me is a clear "maybe". There's just too much things to consider imo, electricity costs, initial investment, maintenance (not very much but still has to be factored in), I guess what I want to ask is for some insight from someone that mines bitcoin, is there any bitcoin mining who can shed some light what is needed to make even marginal profit off of bitcoin mining assuming you don't live in places like China or Venezuela where electricity is cheap?
I ask just so that I can be prepared when I get asked this again, I keep hearing it and I hate it that I'm not prepared enough in this side of bitcoin as I've never personally mined crypto.
I used to mine Crypto in past, there is always the factor of electricity that makes or breaks the entire operation along with the coats to maintain the temperature. So at my place the electricity is cheap but the Winters are only option to mine bitcoins as there is so much heat all around the entire year. So, mining is actually profitable business if you can scale it up and have the temperature and humidity under control at a place where electricity is very cheap, that's the reason why companies make their bitcoins mines in the cold places where electricity is cheap. |
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The basic solution in times as this for traders is to Hold their/your capital in fiat or stable coin then wait patiently, then you get into the trade after there has been few more rekts or tokens has reached the bottom.
What do you think? Is it a smart move at this time?
I guess the best thing to do at the time of a price dump is shorting the bitcoins with a decent leverage and this will also make you money even when the Price is falling. I also used to do the same when price used to fall in the past but a few bad trades and a lot of greed makes us loose more money that we made in trading. I just love margin trading because it makes the potential money to be made more higher in a single trade. |
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Hi, Both scenarios look possible. I would prefer to see a double bottom at 3.1k area (same low an January 2019). That would be very good for a trend reversal in the long term (2022 and beyond). I would finally become a bull! I saw famous analyst masterluc predicted a lower low around 2k if the downtrend continues  unfortunately looks possible as well. What is the most likely scenario, and why?  I guess both of these scenarios are close to impossible the bitcoins price is having huge support at many price points which will be hard to break, so we can see a small dump in the recent times but bitcoins going back again to the Price of 3.1k which was last seen in the start of the year 2019 is pretty close to impossible unless there isn't any bad news related to Crypto or the world economy. |
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The most remarkable lessons that I managed to get because of bitcoin investment is that the expensive price can become more expensive or what I say buying high and selling higher is a good strategy. I became a momentum trader because of the price actions of the bitcoin back on 2017 where it achieved its current all time high. But we should remember that managing risks are important so we should not recklessly put money on something that we are not fully understand.
You shouldn't always play with rallying price as you can also become the one who buys at the all time high thinking of selling their coins at a higher price as the same has been the situation for many people here on the forum. So you should avoid impulse trading and should do technical analysis or at least see what the analysts are saying as most of the times they are right in predicting the Price movement. I have also been stuck in holding the bag of altcoins by purchasing them at an inflated price during the time of a pump and had lost almost 0.2 btc that day due to greed of selling at a higher price. |
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Christie Pearce Rampone a three-time Olympic gold medalist invested in bitcoin. She told her fans that she had a conversion with the CEO of Binance America, Catherine Coley. She was convinced to buy some BTCBTC for the first time.  LinkLinkLinkIt looks like a lot of celebrities are getting interested in investing or buying some bitcoin. Christie Pearce Rampone investing in bitcoin isn't due to the reason that she believes in bitcoin or Crypto, but from what i believe she is investing in bitcoin for the reason of quick return on her investment. The Binance america CEO also gets benefitted from this trade as she will Hain many clients if Christie Pearce Rampone makes a good return on her investment as then she will refer her friends to Binance for buying bitcoins. |
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I have observed recently that the transaction fee for bitcoin transfers has significantly increase, I was wondering if this would help bitcoin to grow further if people are suffering from high fees while miners are doubling their income, is this the result of the halving we have been anticipating? https://news.bitcoin.com/bitcoin-miners-double-revenue-fees-have-spiked-over-200-in-10-days-since-the-halving/ Bitcoin (BTC) miners earned 44% more in transaction fees in the nine days since the halving than they did for the whole of April. If this continues miners will have more than doubled their income from transaction fees going forward.
Please share your thoughts.  Bitcoins transaction fees will lower again when the pending transactions in the mempool gets reduced, until then the average transaction fee will remain high. But this is the reason why I don't use bitcoins for transactions, I only store my bitcoins for investment and use ethereum for the purpose of transactions and daily use as they have pretty cheap transactions as compared to using bitcoins. Also the mining pools take the transaction fees from the blocks and not the miners, so miners are still getting only the block mining reward for their work, and since it has been halved by the halving I guess miners are also hit by the bitcoins block reward halving. |
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It seems many new bounty hunters are joining this forum weekly or monthly, every single bounty campaign is full of thousands of participants, my claim is some bounty managers don't care how many you really are, even if it's just 5$ for each bounty participants, this is plain bad, I remember telling bubbalex to reduce Cartesi signature participants and I'm glad he listened, if not the reward would be very bad....
I guess most of the projects want as much marketing as possible and this is the reason why they don't apply any upper limit to the number of participants aa the more the number of participants the more exposure they get. Although if a bounty campaign have a low bounty reward then they should apply some restrictions so that every participant will get enough payment for their time invested in the campaign. |
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With the world's economy collapsing, people are looking for alternative safe-haven assets to use in times of turmoil. Interest in crypto has sparked a lot ever since the stock market went on a decline. If people decide to use crypto, precious metals, and physical cash, will it be possible to live a normal life without a bank? In my case, I'd be willing to exit the banking system in order to have true sovereignty over my money. After all, that's what crypto is all about. If you could live your normal life without the need to ever interact with a bank (having a bank account to make transactions, etc), it'll be a blast. With the world shifting towards the online realm for e-commerce, virtual meetings, and more, it seems likely that people will be using decentralized money more thoroughly. There are still people using credit/debit cards, but that may change soon as Fiat becomes hyper-inflated. What are your thoughts?  I guess Crypto has its benefits but so do the banking system, they are like a safe heaven for the poor people, they can keep their money in the banks for saving it, but who will teach them use of Crypto and how to open up their own wallet as most of those wouldn't know anything about smartphones other than calling from it, so the main problem is illetracy and if it is cured it can lead to wonders. |
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It's already been past halving, yet prices continue to fluctuate between the $9k to $9.5k range. I've noticed that each time prices try to reach $10k, everything "falls out" immediately. Is this a result of price manipulation by whales? At this pace, it's hard to believe that Bitcoin will ever get past $10k. Even if it does get past $10k, reaching a new ATH in price could be quite challenging. Since it's been only a week after Bitcoin's third halving, anything could happen in the future. Right now, we're in a level of uncertainty due to the COVID-19 pandemic. Maybe Bitcoin will be able to break out to new levels in price after all of this is over? Or will it continue to rise while Fiat goes down the drain? Whichever way Bitcoin goes forward in terms of price, many people will still support it. Fees are at an increasing rate, so we'll have to wait until everything goes back to normal (both in Bitcoin and the mainstream world) for prices to head all the way past $10k and beyond. What are your thoughts? Do you think Bitcoin will ever get past $10k? Bitcoin will get past $10k for sure and that too in just a couple of months, as the halving has passed and also the Corona virus scenario is also looking good as in most of the countries it is getting under control, so it is just a matter of a few months when the economy starts to grow again and the same will also happen for bitcoin. ~ This dump is just probably a market correction, I don't blame whales for this and surely it turns back high again.~
Every time bitcoin price does an unexpected move, people start blaming whales for doing market manipulations, but in fact the market is always and will always be unpredictable for normal people or non traders. |
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As i understand Bounty is kind of marketing, if there have no IEO or ICO, projects still can do Bounty for their project publicity. So, Bounty will alive till project owners findout another easy or low cost way to publicity their product and project.
I guess there isn't any other way that is cheaper than the bounty Campaigns as the bounty participants spreads the information about the project to more than a million of people worldwide and that too for a fraction of price what the companies would pay for advertising to a central authority on these social media platforms. And after this too the bounty hunters are paid at last, and this is very bad form of behaviour by the project owners. |
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it affect , but not crash instanly i think , people withdraw after a month and after they realize how serious this pandemic was and the price slowly going to crash
People already realize that the pandemic is a serious thing that happens in almost country, so they concern with their health. We know that the crypto market is affected by the pandemic, but gladly, the crypto can survive until now, and the crypto market trying to rise again. And with the halving moment is already happening, people are waiting for the next bull run that can happen in the market. bull run requires new money in the market to happen, and with the lockdown still implemented and people loosing their jobs, this idea might be very much not possible in the near future. But the Crypto market might rise after the end of this pandemic or when the country wide lockdowns are removed, but until then bull runs happening not seems possible at all. |
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Cryptocurrencies are the future, but the government are not agreeing with it for now. Earlier Facebook tried to create Libra, the government refused to let them do it, because they feared that Facebook is trying to take over finances and whatever excuses they have got.
Now, some of them are talking about creating Central Bank Digital Currencies, and that has been the main subject before this pandemic broke out. China seemed to very serious about their cryptocurrency and I saw news that it was almost ready and I even saw someone show the application that was created for cryptocurrency how it looks like. They might still be towards that by now.
There was also a news that I read quiet long ago that IMF already uses Crypto or their own digital currency for purposes of lending to other countries, I don't know how much truth is there in this. But if it is actually true, but if it is true then the time when every country's currency which is coupled with their own digital currency isn't very far away. Even lockdown has also forced us to think of new ways of long distance financing and all. |
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In short term bitcoin price is already over 9.8k as of right now, how do you really not see it going over 10k when there is only 200 dollars left? That is literally 0.2% difference between 10k and the current price. However it may not go over 15k that is understandable. Yet the halving impact is not a one time short term thing, it is a longer term thing.
Think about it this way, you have a country that prints money constantly to cover the expenses, they know that printing money makes it less valuable, so your money becomes less valuable as well, do think like Zimbabwe dollars but more like Ukraine money and that kind of means that if you do not really print forever if you are Ukraine, however if you suddenly stop printing, and even stop longer than other nations, USA will still print right? That means your money will start to worth even more dollars as Ukrainians. Think of it like that.
There is a lot of resistance at $10k mark and every time bitcoin reaches $10k the bears come in action and they bring the Price down. Even the bitcoins block reward halving didn't bring a positive short term affect as everyone expected that it will happen. And what you said is right the Price movement should be and will be a long term Target and it won't happen suddenly, it will be a gradual increase in price. |
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