Bitcoin is a highly volatile crypto currency and thus its valuation keeps on flactuation and varies according to market demand and supply and thus higher the number of investors and higher the capital they invest into
when you really think about it you can see that bitcoin has not been that volatile in general. for example the "high volatility" only occurs during the fast rises towards ATHs or for example when there is some sort of hype going on like the halving hype. and of course these fast rises always end up with a bubble (sometimes a tiny one) which will be corrected and that correction means a fast drop and increased volatility. but that is only part of bitcoin history not all of it. other times bitcoin is pretty much stable or with a solid rise. like these days. |
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... if it is total ban nation wide.
it is interesting that 4 users already mentioned ban as their "nail in the coffin" i wonder if this is a majority thing since this topic doesn't have that many replies yet. maybe a poll would be nice? i myself don't care about bans. in fact one of the reasons why i am using bitcoin is the fact that nobody can "ban" me from using it. so i don't see how a ban can change my mind. I don't see a ban as the "nail in the coffin" but I wouldn't say I don't care. When it comes to small countries like Algeria, it's insignificant. What about a coordinated ban among world superpowers? How robust is Bitcoin, if major governments start raiding miners and pushing transactions/mining into the black market? What can we do to make it more robust, so that miners and users can safely operate under such conditions? well that is a very extreme case you are describing here and in that case it would become some sort of exception to what i said. obviously nobody wishes to use something that is globally banned and has a bad reputation because of it. but i do believe that this will never happen which is why i said what i said above. it is more about one country (like India for example) banning usage of bitcoin while the rest of the world have been adopting bitcoin with open arms. |
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bitcoin was never supposed to replace gold and it is not even designed to do anything like that simply because bitcoin is a currency while gold is a metal that is used for other things including an investment but never as a currency anymore.
as for only the profitability and the investment aspect of the two bitcoin has already entered investors' portfolios as an investment to diversify while making a lot of profit. i wouldn't call this "replacing gold" but it is pretty similar.
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where are you getting the volumes from? is there any Venezuelan bitcoin exchange that has the volumes or is it purely based on localbitcoins volume? With the rapid decline in the Bolivar's worth, where are Venezuelans obtaining the funds to buy Bitcoin and will the influx of Bitcoin cause even the Petro cryptocurrency to be worthless?
a fiat currency losing its value has nothing to do with how people obtain funds! everyone has some money and during times like this when the currency you are using is losing value you sometimes decide to invest it in something to "store your value" which is where the volume comes from. |
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I want to share some trading tips for the beginner, use the moving average in the trade and use the candlestick. First set moving average 12 and 21 and follow Candle pattern. Moving average 21 crosses to verify the market trend. When the candle closes by crossing moving average 12. Find out if the candle closes below under moving average 21 and find out the sell. Hopefully, a profitable trade is possible if you trade in a completely formal manner.
Yes, that could be useful with some coins that are in a trend. But I don't know if this works for those coins that are in sideways. Always put stop-loss. If you're a newbie in trading then stop-loss is a good leverage to say the least. However, I do hope that the OP knows that there are risk involved, high risk and no amount of TA can guarantee you success. Moving average is profitable if you know how it works but knowing how volatile this market is, really hard to say if you're going to get a good profit or not. stop loss is not that good in general although it is pretty useful in some cases. when it comes to bitcoin things become that much worse because of the high volatility and when it comes to altcoins using something like stop loss is a lot riskier because of the manipulation (pump and dump) and the high volatility that it causes. |
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Thank you all so far.
Dimonhamon - The apparent strategy is being able to buy for less than market rate with guaranteed rich investors who are willing to pay OVER market rate.
you should ask yourself why do those "rich investors" aren't buying bitcoin themselves?! they can easily go ahead and buy it themselves and not rely on you to also have to pay more! it is not just about being scam, maybe they are doing something illegal and want your identity to be on the line as you buy bitcoin with your money on an exchange (link bank account,...) and then they do something illegal with it and in the end you will be caught and they will get away with it! |
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2016 always above $300
2017 always above $900
2018 always above $5800
no point stand alone at the top of the mountain where only one buyer and seller made the top price
better to stand at ground level where everyone can take advantage of the moving prices and all can see the yearly growth
the ATH are not sustainable value. but temporary glitches that correct. 99% of the community were not online or not able to act on the $20k so it holds no substance or reason for people to care or mention it as they never got to do anything with it. not was it intended to last
stop to create stagnant market speculation, this is very different bro, today's FUD is very large, and not the same as the previous year. even today, bitcoin has lost some investors. Today's volatility is very ambitious, I think that bitcoin has the opportunity to fall into hundreds of dollars. and that can happen. you are wrong bitcoin has not lost "investors" if anything it has gained even more as the adoption is growing. what made you think there is a "loss" is probably the fact that we had a big wave of newbies, mostly kids with money or without it who got free coins through alt coins, who came in and thought bitcoin will make them millionaires but as it stopped going up at some point they were filled with fear and gave up their hopes and went away. other than them there is nobody who has left just because there was a drop despite the big rise we already have compared to last year's $1000 which is 6x rise already. |
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One more time everybody try to predict the future of Bitcoin price, and like always there is two type of people. First type is telling us what Bitcoin will skyrocket in price after couple days, and second type telling us what this is not the end and the price will go down more..But in reality neither one or the other does not lie, they just telling us their opinions, because no one really can tell how the price will move in real life.
not everyone is telling their "opinion". in fact most of the topics in this board are telling us their hopes and wishes for bitcoin price in near future. for example when someone is insisting with high certainty that bitcoin is going to fall hard, they obviously plan on shorting or buying bitcoin at the bottom. |
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since you are talking about crypto not bitcoin you are very wrong about 90% of the things you just said. most of them are scams, are ponzi schemes,... and they have been pump and dumping and that is why they have been dropping constantly while bitcoin was stable and staying above $6k all this past couple of months.
a steady and permanent growth requires an steady and permanent adoption. but it does not exist for altcoins. majority of people see them as a method of making good profit in short term as they get pumped and give them up just as easily too since they get their profit they were looking for.
if you want Steady, permanent growth of "crypto" then go to the shops around you and start trying to convince them to accept the "crypto"currency you have in mind. and see what happens. then also do it with bitcoin and see what happens.
https://news.bitcoin.com/slovenias-shopping-center-btc-city-genuine-bitcoin-city/I can pay with bitcoin just fine  first of all you are talking about all cryptocurrencies in your staring post and that is what my answer is all about, it is not about bitcoin. there currently are a lot of places where you can spend your bitcoin both online and offline. secondly this example is just a tiny one in one small city that was created mostly to focus on bitcoin. it is even called BTC city! |
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... if it is total ban nation wide.
it is interesting that 4 users already mentioned ban as their "nail in the coffin" i wonder if this is a majority thing since this topic doesn't have that many replies yet. maybe a poll would be nice? i myself don't care about bans. in fact one of the reasons why i am using bitcoin is the fact that nobody can "ban" me from using it. so i don't see how a ban can change my mind. |
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since you are talking about crypto not bitcoin you are very wrong about 90% of the things you just said. most of them are scams, are ponzi schemes,... and they have been pump and dumping and that is why they have been dropping constantly while bitcoin was stable and staying above $6k all this past couple of months.
a steady and permanent growth requires an steady and permanent adoption. but it does not exist for altcoins. majority of people see them as a method of making good profit in short term as they get pumped and give them up just as easily too since they get their profit they were looking for.
if you want Steady, permanent growth of "crypto" then go to the shops around you and start trying to convince them to accept the "crypto"currency you have in mind. and see what happens. then also do it with bitcoin and see what happens.
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no point in talking about going anonymous
look what the OP did
one might argue that even though he posted his bitcoin address on the internet he is still anonymous. all you can know is that this address belongs to an account on bitcointalk called <something>. you may not even know which country he is from let alone know his identity. unless he reveals those too. |
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well cryptocurrencies mostly bitcoin is here to stay and it is a serious thing. the technology itself is a very great one with a good amount of power to offer and it can be used in many fields although we have only seen it in cryptocurrency form. so every country needs to think and they need to do it fast. and those who get on board in early stages will be advanced in the field in a couple of years.
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real "consumer interest" is not something you can even measure to now talk about whether it is has decreased or increased. in other words what you are saying here is complexly guesswork. and mostly it is based on the trading volume which is not as high as the peak but it is still high which brings us to your second mistake that is thinking it has declined whereas it is still the same if not grown more.
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BTC is trying to reach 7K level again. But resistance still so powerfull. We have to reach 7500$ or all alts getting loose again.
Which I believe with the volume recently, we might see an attempt towards that region, but breaking it upwards, or coming back downwards to have a retest of the $6k support is one thing we would likely see and in the situation where we get to see a huge breakdown lower below the $6k support, we might start seeing some huge move downwards. Moreover, I still believe the market may take some time to get to the $7k region or a bit higher which would give the altcoins chance to do good for themselves within this short period of time. `Michael Novogratz, a former hedge-fund manager who is heavily invested in digital currencies, called a bottom on cryptocurrencies.` that is a news from weeks ago, you can find it everywhere. Most of the people, including me, believes in rise in last quarter of the year, its like something that always happen, it will happen this year too. Maybe we will hold this level for a while, but that is fine, this bottom is great start for next train to up. Last couple weeks are good, we have a little uptrend and that can continue in upcoming months. Winter always bring a lot of excitement and that will happen this year too probably, lets wait for that before we make any calls. i don't think we can see a rise the way people are expecting it, anytime soon. there is no news and there is absolutely no more hype left for bitcoin to see that kind of big rises. that we currently have is this stability phase which is working more like a build up phase for the next round of big rises. although not having big rises doesn't mean no rise at all. we can reach $10k by the end of the year with a slow and solid rise instead of a big jump. |
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i think most people, including me, are looking forward to adoption of lightning network. it is already in use and there are some small businesses are using it on main net but because it is not yet completely ready (from what i understand) no big businesses have yet adopted it. so i am looking forward to that kind of adoption.
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If you hold less than 1.5/2 BTC , do not buy a ledger wallet or others stuffs like that. I don't understand this advice. A ledger costs less than $100. I would say if you are holding even a few thousand dollars worth of Bitcoin, especially long-term, then a ledger or other hardware wallet is a good investment. Same here, I feel that spending $100 on a hardware wallet is definitely worthwhile to secure your investment. Apart from Bitcoin, there are other altcoins supported by Ledger. There is no other option except a ledger, which almost everyone on the forum knows is the best thing to keep your digital assets in. When it comes to security then spending a few bucks don't mean a lot. All we need is to secure our crypto in a ledger but never use a second hand ledger. Always buy it from authentic dealer so that you may not face any theft of your assets in the future. $100 is hardly considered "a few bucks"! and that is when using a hardware wallet is not the only option and it is not the most secure option even! the most secure option will always bee a physical storage as in printing an encrypted key on a piece of paper. hardware wallets are only suitable for those who want to be lazier while having constant access to their funds. otherwise for a less lazy person with long term investment paper wallet is better. |
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that is cool but i think LN is best used for use cases where frequency is needed more than using it for buying a one time thing such as a sandwich. of course this is just a show of the powers of lightning network in real world applications but i think we need to see it be used in places such as exchanges and gambling sites, mixers and ...
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two things are funny about this picture, the obvious fault that people these days have thinking blockchain is the solution for everything! which i was talking about a couple of days ago with a friend, that these days you keep reading in the news that someone started using the blockchain technology. then no matter how much you try to wrap your head around it you can not think of any reason why they would use it! the other one is that the person who did the edit thinks the same way but he thinks DAG is now the solution to everything  Directed Acyclic Graph is a pretty interesting technology but it (like blockchain) has its usages and also its own disadvantages. (you can find them online with some search). it is not something you use just because you want to be moving where the hype is! |
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Possibly we can see bitcoin going down in this year if all the ETF bitcoin contracts are not accepted so this fact will lead to the loss of failth from all investors and users but I hope I'm wrong about this prediction.
how much more do you think bitcoin price can go down? SEC has already rejected a lot of ETFs this year. i believe the number is close to 10 at the very least. there is only one or maybe 2 more left for them to reject as far as i can tell and i don't see how it can cause any kind of "big" drop anymore! |
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