Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin. The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world. Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.
10 years is simply too soon for that to happen, and regardless of when that happens at that point the value of bitcoin in fiat will become irrelevant. No one will exchange their bitcoin for useless fiat that cannot buy anything, we will begin to use all forms of money that cannot be printed at will by the government, so I'm really expecting that gold will begin to be used as well during that time since gold is really the only form of money that can really compete against bitcoin. |
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Looking at current market conditions, it seems that the price of ethereum is still under $ 200, there are no big surprises so that at the end of this year the price is difficult to skyrocket again like in 2017.
if talking about Ethereum prices have not skyrocketed again it might still be part of the process, and we need to wait and see 2020 later. I believe the breakthrough of ETH 2.0 is one important factor to be able to drive the price of ETH to the moon. it certainly requires a process to achieve the best prices again so need to wait for this. I still believe that eth can rise again, currently still in the process of going to the best price Though everyone's hope is the same here, we are thinking that after Ethereum 2.0, its price will be growing like a skyrocket. But I am a little bit confused here because this year we had the same hope that after the Ethereum Constantinople hard fork, the price will be high. But that did not happen. So, I am not sure the Ethereum price can rise again after the most awaiting 2.0 upgrade! To me, I believe only bitcoin's high price can boost the crypto market and Ethereum's price, nothing else! Ethereum is a coin that is concentrated in the hands of a few whales, so if they do not do anything to try to push the price of ethereum in any direction then the price does not move. And since so many of the small investors that are still holding ethereum thought that after the upgrades that have taken place ethereum will go up in value the whales decided that the best thing to do was to wait, I can assure you that after those people forget about ethereum that is when we will begin to see an unexplainable growth and everyone will lament not holding their coins for long enough. |
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Mining if the electricity costs are high the same as loss, so stop it. But if your electricity costs are cheaper, please continue your mining.
Investing in an IEO/ICO project is the same as a bet, because it's not necessarily ROI, it can end up being a scam.
It is most appropriate in my opinion investing/trading in coins that have been running for a long time such as BTC, XRP, eth, ltc, xlm. all of this can be trusted and will give good profit, all you need is patience.
Investing in established coins is by far the best choice, but as the price of most coins begin to go up most investors become reluctant to invest in those projects and prefer to wait until the price goes down. But another reason why many prefer to invest in icos or ieos or prefer to mine some coins is because the capital they have is simply too small to buy a significant amount of the coins that lead the market and they prefer to take the risk with unpopular coins. |
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To be fair it's really hard to answer. Some may say: Bitcoin will lose it's dominance once bitcoin's price will be lower or near to any major currency, escpecially 2nd and 3rd ones but at the same time we have to consider the fact that once Zcash's price was almost 3x higher than bitcoin's. But did it change something? Did it ruin bitcoin's dominance? Logically it had to affect bitcoin and from the very first day people had to see light in Zcash but no, it failed and fall down, bitcoin kept it's dominance and still along with USD, altcoin's price are shown in bitcoin too.
I don't think price will be a huge indicator there but if there may be coin better than bitcoin with some promising price rises, then there may end it's dominance.
Even if at some point a new coin was created that had many characteristics which made it superior to bitcoin it is doubtful that even then the dominance of bitcoin will diminish, there is simply too much money invested in bitcoin and too many hopes put into it to allow it to fail. And if for some reason it happens I think it is fair to ask ourselves if this market can survive without a very dominant bitcoin at the top and in my opinion the market will always need a strong bitcoin to survive. |
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The reason why most people can't trade for a living is because they have lack of capital. Sure you can start with $1000 and turn it into $2000 but how many people do you know that do this successfully in the long run? Probably no one.
This is why most people need to have a large 6 figure account so they can trade various industries and each trade is only a small portion of their account. So they can have a large position like $10000 in size and if they only make like 2% it adds up to $200. If you traded with a $1000 account you would only make $20 and most of that would go to the broker as trading fees.
So it's not only experience that is needed to be successful but a large capital also.
A decent amount of money is necessary especially since the days when you could invest a few dollars in a coin and then become rich are definitely over, but you do not need a fortune either. What you need to do to eventually live out of your trading activities is to trade and to have a job at the same time, that way any profits you get in the markets remain in your trading account to the point that it will grow and you will earn more in the markets than in your job and when that happens you can begin to live out from your trading activities. the big problem is capital, indeed, if you only trade with 50-100 $ maybe income can be $ 1 per day, I don't think it's bad, you have to collect as much money as possible to trade, the more capital you earn, the more income you will get, it is not wrong to make daily trading a job that is a profession now This is not only important when you trade this is important when you invest as well, at the beginning of your journey it is going to be very difficult to get the money that you need in order to become an investor or trader. You will need to make a lot of sacrifices but if you care about your future then you need to make those sacrifices, and the sooner you begin the faster you will see the results so there is no point in trying to save until the market conditions improve because you never know when that will happen. |
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I think not. Our crypto market is famous for money laundering and so wallet information is highly secure and certainly no one knows who holds much bitcoins.
You may only notice a lot of bitcoins being transferred from one wallet to another on the explorer system but you cannot tell who it is.
This market is famous for allowing its users to move their coins as they wish, after all that is their money and they can do whatever they want with it but that doesn't mean that they are doing anything wrong with it. The myth that there is a lot of money laundering taking place in this market is being spread by the governments and the media to the population so in the future they may try to ban bitcoin or at least to try to heavily regulate it. |
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As you known,the price of Bitcoin have been reached up 12K$ in June. And with your experience, could you share the opinion about the price of Bitcoin in November or 2019Y? I think it is 9K in this month and reach 10K in last month of this year  I do not know about this, even a price of 9000 at the end of the month seems like a real challenge, the price is barely above 8000 and if we were to receive a negative news in the market then it could break that resistance level and suffer a really severe dip. If you are holding bitcoin as a long term investment the next months can be really good regardless of what happens, if the price begins to recover then you earn money but if the price begins to go down then this could be the last chance you could get to buy bitcoin at a very good price. |
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How to take advantage BTC Pump and Dump in short period?
Signals? I don't think that there is a specific method, strategies on how to take an advantage in such short time span. Movement of prices in such time would be way too quick for you to take an appropriate action with regards to specific time. Well, if you are good enough with chart analysis you'll be fine at such time but if you are currently depending on the event itself you'll find hard time reacting to such changes or worst you might get lose. Those that are looking to exploit the fast movements of the market do not really have any option but to look at the price all the time, that is the only way in which you can take advantage of the fast movements of the market, but as we know even the best traders cannot do that all the time. The only option they have is to create a bot that can watch the markets all day and when there is a big movement in either direction the bot should make a trade hoping the movement is large enough to give them profits. |
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2months after this post?now even bitcoin is bleeding as well valuing $8,500 this is another dumping situation that investors must take seriously.
as we are heading to last Month of 2019 its getting harder to predict the market lol.
so lets facet hat no selling must happen but buying instead.
The price of bitcoin has been going down for some time but now things are getting interesting, if the price of bitcoin can remain close to the current levels then when we get the halving we could get a positive correction similar to what we saw during this year. But if the price goes down then there is a real risk the price could keep going down until the end of the year in which case the halving may not bring the profits most of the members of the forum are expecting. |
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Crypto, Fiat, or any other form of scam is a global issue. We must understand that people are always phishing wherever they can, so scam happens everywhere, with crypto, with fiat with retail with anything you can think about  ) It just sad that people are trying to attached scam only to bitcoin in fact it happens everywhere, crypto or not. Whether we like it or not scammers are all around and that it is our responsibility to check if a project or an investment is a scam or not. We also have to remember that there will be no scammers if people are very vigilant and careful, scammers exist because some people are easily scammed. Scammers exist because they are bad people, it is true that there are some naive people out there that can be easily deceived but that doesn't mean that it is right to deceive them. Scammers see the opportunity to get some easy money and they take it regardless of the person that they damage, then we have no other option but to be very suspicious and to be very vigilant about what we do online otherwise we run the risk of becoming victims ourselves. |
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Was reading new and came across this article by coin telegram. What is your call? Will there be a XLM bull run? Investors really need to stop thinking about a bull run appearing anytime soon especially when it comes to altcoins, stellar has been making the news lately and while there was a slight increase in the price of its coin for a few days now it is going down just like any other coin, investors are not really taking any risks they are either investing in bitcoin or they are getting out of the market and getting fiat in return, altcoins are receiving no attention and no one can blame investors when you see the performance of altcoins during the last years. |
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Everyone hopes altcoin can come back in a positive trend but I think it will happen when bitcoin is half a day running so that with the rise of bitcoin it will definitely be able to make altcoin also increase later, but it's certainly not easy to predict what will happen to digital currencies in the future. Me, you and all of us will hope for the best.
I am not 100% sure what will happen to the altcoin prices if BTC touches again the $20000. The personal predictions are based on the trader's experience and the market understanding but the reality is not close to these two factors. The long way is expected to reach the perfect balance of Altcoin vs Bitcoin, useless altcoins will be erased from the total market cap, survivors will compete with each other. This year we are witnessing the purification of this market and up to 80% of altcoins have disappeared from crypto so I believe that only the altcoins trusted by investors can survive until this point. Maybe the altcoin season has not appeared this year but this is a great opportunity for people to invest in good altcoins because maybe next year will be a new era of crypto market. Everything will be very promising and Bitcoin will soon reach a new high price soon and make this market more bustling like 2017. Of course this is just my little prediction but if that happens then Everyone will make a high profit. I do not get where you got those numbers, there are more than 6000 coins still in the market and that number does not count all the coins that exist but are not included by any exchange. Believe me I would like for a great deal of the coins currently in the market to just disappear since the only thing they are doing is to affect the reputation of bitcoin, but as long as some investors are willing to take the risk with such awful coins then they have the right to remain in the market. |
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The use of stable coins has it's own advantages. It's helpful when market is unstable and you are not sure of the market. I specifically I exchange my assets to stable coin when I see a dip or unsure about the market. Stable coin is very convenient if the market seems to be bearish
When we are in the middle of a bear market that is when stable coins really show their potential because they allow you to get out of the market of cryptocurrencies for a very low fee and it protects your capital from the volatility of the market. But we must also understand that there is a huge risk if you decide to hold stable coins for a very long time, you are relying on a centralized institution to not lie about the amount of coins that they have in storage and if at some point it is discovered they lied the price of the coin could not be stable anymore. because I am a daily trader I feel greatly helped by the presence of a stable asset. the most frequently I use is USDT because most are already listed on many exchanges. indeed some new exchanges do not use the USDT pair and focus more on crypto. but USDT and other stable assets are very helpful for us traders. There are many out there that do not like stable coins but they are very useful regardless if you are a trader or an investor, for an investor stable coins are of great help since they can protect you when the market is going down and you do not want to face the the bear market. And if you are a trader stable coins can help you when the volatility of the market is too high and you prefer to wait until it passes and we can see an example of this today, with the market going down it is better to get stable coins until you think the price has a chance to recover. |
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it looks like Altcoin is no longer following Bitcoin because as you can see if ifs there is a pump on the price of Bitcoin then that's it has absolutely no effect again on the price of Altcoin. I don't know why that can happen now because a few years ago Bitcoin and Altcoin always going up on together. maybe there is a seasonal rise and now we are in the Bitcoin season.
Altcoins are not following bitcoin anymore because many have realized after years of losses that they have been deceived since altcoins do not really have any hope of surpassing bitcoin. Now you can speculate with them if you want and I do not have anything against it but always remember that you should not hold those coins for long and if you think there is something wrong then sell your coins even for a small loss since you could always recover that money by just holding your bitcoin. |
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What happens if BTC is still rally to 100K ?
ALTS ?? dump to zero
at the moment BTC sideways until end of the year
this time currently the last choice for ALTs
take actions or die..!!!
good lucky
If bitcoin reached that price then that would mean that we are in the middle of a massive bull market and it is likely that many alts will be growing at an even faster rate than bitcoin. But while many are always looking for something like this to happen in the market I do not like the idea, because after such a bull run there is only one direction the market will take and that is down and while many believe they will be among the winners most likely they are wrong. |
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Real use case is different from real use case, some are good and some are not, every one keeps talking about their own understanding of real use case, if you ask rich men where they get their money from 80% and above will say real estate and businesses , now how about a real estate investment where you can only invest using an utility token? this is a 100% valid real use case on my watch, they can't go wrong, do your own research and if you have another example of high rated real use case do not hesitate to drop, thanks
There have been many coins like what you are describing in the past and it does not matter if they have a real use case what it matters is if the coin is going to be actually used for its purpose. And I do not see it why anyone will use an utility token for this when they can use fiat and if they want to use a cryptocurrency they can always use bitcoin which is the coin that is universally accepted in this market, so this is a good idea but it will fail as all the projects that came before it. |
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I would still choose Ethereum. It has proven us a lot and it even passed all the tests of time. We can't deny that Litecoin has a huge potential as well but Ethereum still has a lot to prove us in the future. As for me, it's good for both long term and short term investment. If we know how to deal with every changes in Ethereum, it will be easy for us to earn through it.
But I'm still wondering why people are still focusing on these two options, why don't we make third or fourth options, or even more because with the number of cryptocurrencies expanding and growing every day in the market, we don't have too much difficulty choosing better altcoins and can raise prices faster than litecoin or ethereum. Litecoin and ethereum are no longer well adapted to people's needs; more precisely, the capital division has changed, not only focusing on litecoin and ethereum as in the past, too many new competitors have limited capital concentration in long-standing altcoins The options you are talking about are not real, it may seem as if we have thousands of coins in the market but if you eliminate the copies, scams or derivative projects we are left with only a handful of coins. If you want to take the risk of investing in those coins then you can do it, no one is going to stop you but I will always think it is a bad idea, just because those coins can give bigger profits we cannot say those coins are better especially since those coins could as easily give you bigger losses. |
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i hope not, but i think it will be end someday.
what people need is to be more creative than before, creative create something new from previous. so people wont get boring faster, and it can improve other people to make something more and more.
we need to dig much more about blockchain, some platform already to adopth it, but we need more platform to use it to make easy overall people
We do not need more new projects what we need is to make the projects that already exist stronger than they are but unless you can code there is nothing we can do. We can only expect for the developers of each coin to come up with new ideas about how to solve some of the issues that are common to all cryptocurrencies, and since talented developers are scarce we should only expect those developments to come from good coins while the rest of the altcoins are left behind and eventually disappear. |
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I prefer reading through articles rather than Twitter, due to how reliable some are like Forbes, etc. I don't usually use Twitter, but I am not generalizing that it isn't a good source of info. There are much more efficient way to state updates about Bitcoin, including your opinion also.
I do not like twitter as a source of information because it is full of rumours, there are always people trying to tell you in which coin to invest and why their coin is the best but they never show you any arguments. It is easy for some to say that I should ignore those people but they are everywhere, so I prefer to just watch the charts and see what the price is doing and if there is a significant movement then I begin to look for the reasons behind it in this forum. |
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In the next one to two years, the US market is likely to collapse. Then we will see a new global crisis, but I do not think that bitcoin will grow at the time of a panic in the market, but most likely it will recover much faster and go up even higher than before.
Those predicting the market will collapse soon are wrong most of the time, you must remember that even if the system cannot be in place forever those at the top of it have all the tools to make it last as much as possible and it is only when they truly lose control of it when we begin to see the consequences of this. This is what happened in 2008 when they lost control of the economy and the only way to stop a total collapse was for the governments to absorb the losses the bankers had at the time. |
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