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it has been the story of bitcoin for years now. every time price rises there are a bunch of people who start calling it "ridiculous" and mainly the term bubble is turning to a synonym of bitcoin! and yet it continues rising up as it is growing with a solid adoption.
you don't have to go to that much length to see these things either, just visit the speculation board and go to the old pages instead of only looking at page 1....
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Ya I'm using vista (too poor to afford new computer)
i don't know about windows Vista but i had the same problem with Electrum on windows 7 and installing the latest windows updates worked. specially this particular update (KB2999226): https://support.microsoft.com/en-us/help/2999226/update-for-universal-c-runtime-in-windowsit has something to do with the Windows C++ redistributable which you need to update. if nothing worked then maybe it is time you start thinking about switching to Linux which is free. a distribution like Ubuntu is friendly enough and you can easily install Electrum there since it comes with python 3+ already. |
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$4500 is really a great number to achieve right now for all of us. Reason for that is when bitcoin reaches to 4200 or so levels than it still has a way to go down under 4 thousand dollars and when it goes down under 4 thousand dollars it really means bear continues and prices keep falling even more, it creates a psychological pessimistic approach by all of us.
Moreover, if we could go above 4500 dollars it means even when it falls a bit it doesn't go under 4 thousand dollars which is great news and creates an emotion like it won't go below anymore and we are on a bull run. The price is resisting on not going any higher than 4200 for now but as soon as we break those prices I believe we will have nothing in front of us stopping what we are doing. The price could potentially break the 5 thousand barrier if it could reach 4500, of course it would have to go back down a bit to 4200 or so first but than go higher to 5 thousand.
we need some kind of momentum in the market for that to happen, otherwise it would take a long time and a lot of resistance tests before it can actually be brokens. and so far the momentum has not been that good since the rise didn't take that long and was more like an upward jump. if price breaks $4500 and continues to go up then it can be considered an actual "bullish momentum". |
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I hope bakkt is not turning to another ETF? Keep postponing in other to create panic and dumping of the market!
Yes, thanks to the whalecummulators, they will keep it up for as long as they want. this has always been a big plague that bitcoin has been struggling with for years now. and the worst part of it is the repetition of the same exact trend over and over again! it is basically a re-distribution of bitcoin from whales pockets to other traders pocket but only IF the rest of the market stops being so chicken about it and start accumulating at cheap prices instead of panic selling. but many don't seem to want to learn and keep on making the same mistakes of selling cheap at the bottom instead! |
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there are two obstacles that comes to mind.
the volatility which has been a nuisense for a long time now and it is the most harmful one in my opinion specially when it is an unpredictable volatility looking more like manipulation.
the other is all the FUD about bitcoin in the media. the first obvious damage is misleading people but the secondary damage is when this misled people do irrational things such as investing in bitcoin when it is too late because they feel cheated and missed out the rise. they become the weak hands.
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if you want to advertise your technical analysis on tradingview and your videos on youtube then there are a lot of better ways of doing it without looking so bad as you are looking right here!
just start a topic in trading discussion board or speculation board and share the analysis like a normal person instead of sneaking around to it and gloating when one of your "guesses" comes true!
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The blocktime for each chain is 10 min per block. If blocks are created too fast, the difficulty is adjusted.
there is no such thing as "blocktime" and "10 min per block". the only time related variable that we have is 2016 blocks in 2 weeks and that is what is checked to adjust the difficulty. Given these limitations how is it possible to build an alternate chain that grows much faster than the honest chain?
you perform 51% attack by having >51% of hashrate! in other words you should have more than half of the hashing power of the whole network so that you can find more blocks compared to the rest (the <49%), and that way you create the longest chain. remember that 51% is the bare minimum, it is not possible to actually do it with 51%, you need a lot more than that to successfully pull that off. |
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@timerland. I predict Tom Lee's next statement would be Hold, you cannot lose if you don't sell hehehe. That advice is good for bitcoin and some cryptocoins, however it would also be showing the bagholders' attitude of giving up and blindly holding on.
saying "hold" now is not a bad suggestion actually! and it doesn't make you a bag holder if you hold now. right now is not the bubble burst of $20k that makes holding bad, there is no drop going on either. we are 80% down already. in fact selling now makes you a dumb person. it would be like going to a party after the party is over, everyone has left, the food is gone and then start wooing your way in  |
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the "cryptocurrency" market cap has NO CAP because there is NO CAP on how many shitcoins you can create and there is also NO CAP on how much supply each of them have and also there is NO CAP on what percentage of it can be fake/premined.
as a result the total market capitalization of this market will continue to grow as long as people throw their money into useless shitcoins that keep on being created and then end up with big bubbles like last year with a big fake total market cap.
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for someone who claims he doesn't "believe in bitcoin" you surely talk about it a lot and spend a lot of your time with it. it is like you saying you don't believe in god but still go to church every day and pray!
you my friend is what they call a hypocrite
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Correct, that is why we only follow/mention the traders that left wall street and only look for positions to accumulate more Bitcoin.
i am not saying they are all bad and should not be seen. just saying that when people watch these things they also have to keep in mind that these people aren't spending their most valuable asset (time) out of the goodness of their hearts. being positive about bitcoin and buying it doesn't make them any more right than being negative about it and selling it. ... and offer free videos on youtube, ...
they are monetizing their contents one way or another. so it is not exactly "free".  |
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How low can it go? it doesn't matter how low it may go because you will never be able to guess the bottom to start buying there. not to mention that the real absolute bottom will never stick around for long enough for everyone to buy in. what matters is that the current price is a huge drop that has lasted for a year now and it can not go on for that much longer. so even if price drops more, it will still be a smaller one. with that said, it has been a good time to buy and yes i have been buying. |
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In all honesty don't you think investing in stocks now makes better business sense than investing in bitcoin?
i don't really follow stocks market that much, specially the foreign ones but with a little search you can see people talking about how it is also crashing these days. so if your ONLY reason for not investing in bitcoin is because it has crashed then you should also not invest in stocks since they have also crashed! and you seem to be forgetting that in 2 years bitcoin price has increased 3 times even after this gigantic drop! |
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your money in the bank is 0s and 1s. your money in paypal is also 0s and 1s. when you buy gold these days you are receiving either 0s and 1s or your receive a worthless piece of paper telling you that you bought gold. and you are complaining about bitcoin being 0s and 1s you sound like a 90 year old woman who is confused about the new technologically advanced world. |
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the biggest problem that i see with stablecoins is that they are centralized and not like fiat centralization, but worse since they are issued by a company that can go under or run away. with fiat at least the whole country has to go under for their fiat to become worthless but the stablecoin the company which has a high risk of going under can do that and the coin can become worthless in an instant!
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i think it depends on how you see bitcoin.
what i see is a one of a kind global currency that is still on the route to adoption and so far has only gotten a small percentage of the world adopting it, somewhere around 1% and this percentage is ony going to grow.
if you agree with that then you also agree that this price is a temporary hiccup on the way to a much higher price due to increasing adoption with a fixed supply. and that obviously means at this point any time is a good time to enter!
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if you want to invest, you must have two important things, namely patience and accurate analysis. all investments are long-term and there are no investments that will profit in a short time.
Not true - anyone going in deep in early 2016 would have gone 50x late 2017. If you think 50x in less than 2 years isn't short term profit I don't know what to tell you. It's all timing. if you consider 2 years as "short term" then what do you call day traders or basically those who are in and out of the market with each small swing which can take from a couple of hours to a day or two? 2 years may not exactly be the long term investment but it surely isn't a short term either. |
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we have negative posters, then we have FUD posters, then we have trolls and at the bottom as a combination of all the above plus spamming are you two. you say a "negative" post of yours were deleted, i am surprised why your accounts are not banned and nuked yet! |
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although i agree with parts of what he has been saying so far but i think at this point he is mostly just trying to explain his predictions that never came true. in other words digging himself out of the ditch the dug before!
the ATH prediction he made out of pure hype was unrealistic to begin with but apart from that he also has a point that this current price is wrong. i have said this before that bitcoin is underpriced right now even though it will have a very hard time keeping the current price or even rising. and that is all because of manipulation not because people weren't willing to pay!!!
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price targets at $1500 and below are a dime a dozen these days. it's certainly possible, but it really seems like bears are getting too confident.
Normally you would be right but he isn't a "dime a dozen" analyst. Sold his position in bitcoin at 18,000 last year (the videos are still on his youtube channel from last year). Predicted the .com bubble and 1987 bond market crash when he was on wall street. And he loves bitcoin..... his call is still $1,000. it is a well known fact that all those who waste their time "selling advice" instead of "trading" are not really experts. specially someone who is talking about bitcoin at this time which clearly is only shooting in the dark! these days people are making a lot of silly guesses about bitcoin. and you know what, some of them do come true! but that doesn't make them an expert. in my view someone who is calling $1000 is an idiot not because i think it is impossible but because there is no reason for it to be possible. it is basically a price below the start of last rally! |
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