So Bitcoin's market dominance in the cryptocurrency world is currently at the lowest level ever with 36.1% of the total value.
In my opinion, it's because the interest in alternative coins is rising rapidly for one, but you also have to consider how much of the bitcoin world is criminal. Seriously, for the first 5-8 years, the digital currency was mainly used as a means for criminals to launder money and sell illegal goods on the dark market. Think of all the massive hacks in the early days also, and all those darknet markets that disappeared with huge amounts of bitcoin.
Literally millions and millions of the 16 million coins out there would be owned by criminals. And now with bitcoin becoming more centralized and less anonymous, they are swiftly exiting the market and looking for alternative dark coins.
I also personally avoid using bitcoin all-together because of the extremely slow transaction speeds and high cost's associated with it.
The bitcoin mining business is dust, so that interest will die quickly.
I just don't see a very bright future for the god of cryptocurrency and it will surely be surpassed by one of its rivals soon enough.
I'm torn between predicting it to be Dash, or Ethereum, and I recon it could be about 2 years before that happens.
Would love to know peoples thoughts on the future of bitcoin.
Where will bitcoin be in
2 weeks?
2 months?
2 years?
Will it be surpassed by another coin? If so, which one and when?
For me, bitcoin is really the most popular and most reliable cryptocurrency of all time. If there would be an improvement and better specs for other cryptos, i think that might end the ruling of bitcoin. The future of bitcoin is look like a new tehcnology. Maybe it will be modernize and become more amazing in the near future, many people believe and trust bitcoin today thatvis why I believe that we can considered that this bitcoin has a better future, maybe it will have many more improvement that can make anyone gain a huge amount of profit that better than today. |
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When will we reach the state of more of less stable cryptocurrencies or it is in their nature and will never end?
It is evident that as the market grows and more institutional capitals are interested in investing in it, it will be increasingly difficult to manipulate prices as has been happening so far, as the current capitalization is still so relatively small that it is not difficult for the great whales to use the market as a pump and dump scheme to make money through manipulation. Therefore, I believe that we will gradually see a less volatile and more stable market, and perhaps in the long term we will see bitcoin behaving in a way not so different from ordinary fiat currencies in the Forex market. I also believe on that, I see that there are so many people around really trust in bitcoin, so then the possibility to increase is always there on the line. And maybe someday bitcoin will be more usable and many of us will make bitcoin as a source of income. So then we can maybe see in the near future that bitcoin is slowly becoming a fiat . |
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I believe that bitcoin will continue to rise up high, because it is now slowly rising and I think this was really the beginning of the bull run. It maybe start in a verry slow way until such time that it will really rise. I believe that the bitcoin has a big capacity and capability that can really rise soon. Some of the speculation and speciation from expert is really amazing they said that bitcoin will rise at the end of 2018 I believe it would really rise base on its current price.
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If you wanna recover your losses from price dump then you need to hold your coins. If you sell them it means you actually lose your investment capital, but if the price of that sold coin decreases more then you just better hold them.
Trading is really worth it. We can really gain a huge amount of profit in trading. And we can only earn on it buy doing such good decision on the trading feild. So then everything on trading site is really depend on us or on how we act on the different situation on the trading feild. Trading is more amazing and some other people really loves their work as a trader because it is really full of excitement. |
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Cryptocurrency is a no go area if you are an “emergency investor “. By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.
Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.
A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.
This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.
Yes patience is really a virtue in this thing because it is not always golden times because the coins are volatile so you can never have a great profit if you do not have a lot of patience because for example the coins you are going to trade is not yet have a great price but you preferred to sell it anyways and after couple of weeks or months that coins pump and you should have tripled the price if you just wait and dont sell it right away. And that my friend is a huge loss from you and you should always have the patience in your heart Due to the volatility of digital market, for a trader it is more difficult to deal with this one. Changes are random ones and nobody can tell for how long a dip or pump is supposed to stay and what will be the peak in them.Many become frightened if their asset keeps on falling down ultimately, they decide to give up on them to avoid any further loss. This happens due to lack of knowledge and patience only. I agree on that if we do not have patience in the crypto feild maybe we should go and find another job. I believe that patience is really important in trading specially when it comes to crypto currency feild, because the price is really unpredictable and sometimes the market experience a huge pump and dump situation. |
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It is very sad to say that a technology like this would come to a big tragedy
Bitcoin has the potential to be great but it has become a weapon of Greed
The real use of bitcoin as a payment system is just a fantasy
But what happens in reality, it is just a pump and dump coin like the rest
The only coin that is using blockchain technology the right way is USDT or Tether
most other coins are just scams and not meant for adaptability
A currency is something that can be used for daily basis rather than just an investment
majority of people who buy bitcoin is just for investment and not used as a payment itself
Never the less
HAIL HYDRA!
I think why Bitcoin's price could go down. The news is popular in Bitcoin. Users will certainly be a lot of wear. And the market needs will increase very high, the technology will be more advanced in this modern era. If you want to increase the price Bitcoin may be able to increase Bitcoin users. So many that I can say hopefully can bermanafaat for others. See you later. Bitcoin is really hard to fall. I believe that it's price depend on a volume of investors that invest on it in the market place. If the volume of the investors that invest on it is drop the price also will certainly go down because it's demand maybe few. So then if bitcoin fall maybe some investors quit on investing because of some negative issue that may loss their trust on it. |
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no guys, they speculate for not reading the news or hearing about crypto currency. bitcoin moves with news, I think Bitcoin is an international stock exchange with everyone is its owner. so the price is set by their own. it's not a game. but more than world trade.
Bitcoin is really a good investment i believed that it is really a profitable and it can really give us a huge return if we are going to invest on it. Bitcoin is really amazing , so then of we are going to buy more bitcoin and wait for the right price to sell, maybe we can really gain on it in the near future base on its price. |
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Well said friend, on the market our main enemy is our greed) We must stay all the time concentrated and make right decisions, which is very difficult.
Trader and gamblers are almost the same we really need to overcome our fear in order for us to gain a huge amount of profit. Bitcoin is amazing coin to be trade and if we are going to trade we also need to decide in a prudent way for us to gain and not to loss an amount of profit or maybe capital. If I have to choose on gambling and trading I choose trading because trading is really productive or maybe profitable than gambling. Because gambling really depend on your luck while trading is depending on your wisdom. |
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Yes the people who sold their Bitcoin in past few months are surely in a big loss.This is because many people invested in Bitcoin when the price was too high and most of them sold their BTC's when Bitcoin was going through difficult times.Investing at high prices and selling at lower prices will always make you to face loss.So be smart enough to understand that panic selling will not give you anything.Instead of commiting the mistake of panic selling,have patience and keep faith on Bitcoin.Whenever there has been a drop in the price,Bitcoin has bounced back to a new all time high value and surely Bitcoin will recuperate from this drop too.So keep holding your BTC's and invest in it more so that when the price is high again you can earn more profits.
I think so, I believe that the bitcoin will rise soon and if we are going to sell it today we can really lose a big amount of profit in the near future. Because bitcoin has a capability to rise up high in the near future. Bitcoin is really amazing and I believe that the people who sell bitcoin today will maybe loss tommorows. |
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I think only god knows about the bitcoin price on when it will rise and fall, but the possibility to rise or fall is away there and w can't denied the fact that it will maybe rise or fall. The bitcoin price is really unpredictable because it depends upon the number of the investors and in the market value so then we can't predict that when bitcoin will drop down up to 4000 USD.
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I think the future of bitcoin will be fine, because already many people support bitcoin and many countries start getting interested to use bitcoin. I believe in bitcoin, because with bitcoin can help improve the financial system and can prevent my financial crisis.
The future of bitcoin in this world is quite amazing. I believe that bitcoin has a great future because it has the most amazing features that leads everyone to earn a huge amount of profit. I think bitcoin will have the bright future because we are now living in the modern world using internet and we all know that bitcoin is runs through it. |
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I also want to learn how to trade in a great deal. how it works. hopefully. You can send me a link. thanks ..
If we wanted to gain a huge amount of profit we must learn trading first. I think the best thing to do is to do basic first. I think we also need a self study and ask some question to an expert of the trading feild. We need to learn for is to earn on trading because trading is worst if we do not know it's technique. |
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people doesnt want to invest in crypto maybe because they are not intersted on it thats why they dont want to invest, second is maybe they dont want to loose their money ,third is maybe because they dont have the knowledge and thoughts about crypto so i guess thats why they are afraid or they dont want to invest in cryptos.
I would not say they are not interested. I would rather say they are just too scared to take some certain risk and that is the major problem a whole lot of them always end up having. The inability to want to take some certain risk in life is what has differentiated those who invested earlier and some who heard about it and decided not to do anything and this is a cycle that would keep on going until we get to the laggard stage of adoption. Yes, not investing in crypto and especially with bitcoin may turn as a life time mistake too.
Ignorance may lead to big regret too. If we check across this forum, we can see many people are crying for their ignorance by the years 2010 or 2011. I must be one of them. Yes i agree on that some people blame thier self for being an ignorance, bitcoin is the best way to earn but there are a lot of people around that didn't even wanted to know bitcoin, and some other people refused bitcoin and continue their normal life without interning the new types of gaining here in crypto feild. I believe that if we overcome our fear profit will be the next, so we must continue or do some gaining process here in crypto currency for the near future |
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First, you need to know about Bitcoin.Then know about the coins.You have to know how to choose good coins.Then know about different exchange.Follow the post of many people in the forum. Always research the coins. Hope you will get good results.
Well i really agree with you, before to start in trading, all the newbie should know bitcoin and all altcoins really well, and people should know that the market is unpredictable, and off course before newbie should trade, all the newbie should always start with a small amount. Before we start trading we must know first the best way to make profit. Trading is amazing and it is really profitable but we can also lose a huge amount of profit on it if we don't know how to trade well. I believe that the best way to start trading is to know the basic trading or maybe try to trade in a verry short or small amount of capital. |
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Obviously this is right.Btc is a source that can be earn money by online at home and earning good money.Many people work but can't fulfill any hobbies without need.Many people also want to spend comfortable and enjoyable life.And Btc is the best medium for everything.That's why it is basically just another way to make money.
Of course, if you invest in Bitcoins you are doing some business. You work out your own strategies, plan to rise up more money and so one. It is a great business. It is not like that, because if you invest with bitcoin it is give you a huge of profits that other can't give you. A chance to save for your future and give you a brighter future. Bitcoin is really a simple way to earn a huge amount of profit. I believe that if we are going to ingage on bitcoin today the result is big profit in the near future. because bitcoin is really amazing and it is now slowly rising like what everybody expected on it. Bitcoin is the basic way to earn a huge amount of profit and many people really believe on it because it is proven and tested. |
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It's not the quantity of price increase it's increase in volume. For bull market we need more buy orders with higher volumes. For me we are not in the bull season at the moment. Bitcoin price is not the main point right now. But the support and resistance points will matter when there is higher volumes.
I think the price is not going to rise if the volume decrease maybe the price rise because of the rising of the volume. So then the pumping of the price is really depend on the volume of the investors. I think the bull market occur very soon because the price now is slowly rising and I think we only have to wait for a verry short period of time. |
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Temporary dips are very common in bull runs, that's the way the market works. After a big run there is always a small correction, and after that comes the next run. Don't be afraid and hodl your coins.
Yes. The people shouldn't worry about the market going down especially if they don't need money yet. The best move if the market goes down is to keep buying more coins and hold again and wait for it to become profitable. I agree on that price is really important. Being temperate about the price is the beat thing to do, if the price rise up high we really need to sell for good while if the price fall we don't have to get worry in fact we must be happy on that droping of price because that was a big opportunity to buy more bitcoin. If we are going to buy in a very low price we need to hold it for a long term to get a huge return of our investment. |
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Do not be fooled by the market cap. It is just a mere multiplication of the current price and the total circulating supply and nothing else. Thus, the market cap is not there to dictate the past, current, nor future price but rather, the market cap is there because there is a price.
Simply saying, there is no limit in Bitcoin's price. The price will continue to increase as long as the demand is constantly increasing.
Indeed, market cap is total value but it change every day and the important thing for holder is on the price. I think, bitcoin price always following supply and demand law and the price can go as long holder keep hold I believe that bitcoin can go so far. I think the bitcoin will now slowly becoming a part of the human life and many people really gain on it , that is why it is now really becoming the most popular coin on crypto currency feild, bitcoin has many believer and continue their life with bitcoin, because bitcoin has really a big help to everyone who believe on it. |
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First, gold is rare. That is, the amount of gold is limited (there are only so many golds in the world - if it is too much then everyone can have it and gold will have no value whatsoever). Gold is also soft (gold can be melted and shaped into small units like coins, and more importantly when you change its shape into smaller units, it will not lose its value - unlike diamonds). Gold is also stabli and does not degrade, is easily known and hard to imitate (made counterfeit imitations).
Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (there is only a certain amount to be produced), Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Bitcoin, just like cents in Dollars or Pennies in Pounds, we can buy less than one Bitcoin), Bitcoin technology is also stable and will not degrade, nor can it be made fake Bitcoin. Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That's why people call Bitcoin a digital gold, but better digital gold.
Bitcoin also has value as a payment system. The more people use Bitcoin for payment, the more valuable the payment system is. Buying Bitcoin is like buying a Visa share, then using that stock to buy a soda at 7-11. Because you pay with your Visa share, the place where Visa usage is, Visa's payment system is wider and more valuable, so Visa share value will become even more valuable (including your own Visa share value!).
Bitcoin values derive from such gold-like characteristics, as well as its function as a payment system like Visa.
Bitcoin is considered as gold because the are so many people that is now rich because of gold, the amazing features of bitcoin is one of the factor that affect its price that is why it is now slowly rising and it is now maybe getting almost trend everywhere in the world, I believe that bitcoin is becoming more amazing and it is really the most amazing coin now a days. |
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While you are panicking over the decline in the price of bitcoin, the largest bitcoin holders will have an even more volume of bitcoins because of the panickers
exactly that is normal, and add this up while weak holders are panicking they will add up FUD (fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.) thats why weak holders will pull out their investment and the trader experts will get profit by buying when the value is cheap and selling when the value goes up, but what is happening on this declining events are the holders will be filtered because the weak hands will pull out and then traders will have a battle royal on trading  While we are panicking the price is continueous droping and it is really dropping the reason while we lose in the bitcoin feild. I think we need to control our emotion to avoid future failure because we can really gain in the future if we are going to make a right move to sell. We need to have more patience for good. |
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