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The only main influence which still satoshi has got is the one million bitcoins which still he has.If he dumps it at once,then definitely bitcoin price would crash.It is for this reason many crypto members discuss frequently about his existence.But i don't think that he would ever dump his one million coins at once and crash his own creation bitcoin by himself.
Satoshi matters for bankers and governments since bitcoin which he has created has become their worst nightmare ever.
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Fiat currency may get crashed but not globally.It may occur in some countries as it happened in nigeria,venezuela,etc.Mostly,governments try to restore the value of fiat currency by changing policies and taking other necessary steps.But when it goes beyond the limit,they could do nothing.
In some rare cases,fiat currency gets collapsed due to government's wrong policies itself.
But still,fiat would continue to exist since it is backed by the government itself.
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Most users just think it as another hard fork and they would get free air drop and get some coins free.But people who have some knowledge about bitcoin expect no2x to succeed as they find no problems in the existing bitcoin.So,they think that there is no need of segwit 2x activation.
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Very soon,Bitcoin diamond and Bitcoin copper may also come.Now,it has become a trend to create clones of bitcoin by hard forking and then dumping them for some quick cash.
Let them create how much clones they want.People would start realizing that they are nothing else than shitcoins.They would start avoiding it.
Nowadays,it seems that instead of creating an altcoin,it would be much easier to just hard fork and create another shitcoin naming it with bitcoin.
Also,big whales nowadays get very much interested in these shit coins as it is very easy for them to pump and dump these coins.
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Nowadays,its really hard to predict nowadays the bitcoin price movement.Earlier,people just carefully watched china's bitcoin market and decided whether to sell or buy bitcoins.But now,china's influence is no more.
So,the most dominating factor in the bitcoin world china will not be considered here after.
Now,the easiest option is to see whether a hard fork is coming since price may fall at that time due to panic selling if hard fork seems to have support and to predict that price may increase if hard fork seems to have very low support just as in BTG since people would buy more BTC to get free coins.
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Confirm that i have received the payment.It was indeed a great campaign.
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How think what price BTC will be after SegWit2x?
I think it will fall to $2500 to $3200, when there was the drama involving china the price fell below $ 3600, this time the subject is much more serious and the panic will be greater. so I do not expect price above $3600 I also saved some money to buy when it's time for the general panic I think $6000
You're not taking the segwit2x problem seriously, see the discussion on reddit. https://www.reddit.com/r/BitcoinFor sure there will be panic and panic sale before SegWit2x, there is not doubt about that. And we all know what is coming with that... price drop. But i think that you could be right when you say that price will not fall bellow $3600. First SegWit thought people that if everything goes according to plan and work without problems, Bitcoin can endure anything. And because of that there won't be so much panic in November like it was in August. But there are also possibility that things will not go according to plan, and if that happens who knows what will happen. Also much depends if another hard fork happens. That will change something too. There are too much If's in this speculation. Of course,most people may think that it is yet another fork like the before in august 1 and so things would not be to worry much.SO,they may stay cool and may not get panic.But what makes this hard fork as a matter of serious concern is that this segwit 2x activation is supported my majority of miners who had already signed in NYA(New York Agreement) to activate segwit 2x after six months of period from signature date.Also,big exchanges and many bitcoin related companies are supporting segwit 2x.So,definitely,there will be a big impact on bitcoin price after this hard fork.We would have to just wait and see the consequences of this hard fork. |
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I don't know what to say about your friend.people like these are the ultimate losers.They would not be ready to take risk of even $1.Either they have not understood about bitcoin properly or they don't have enough courage to take risks.Your friend has not even analyzed the previous price history of bitcoin.I think that friend would not even buy bitcoin even if its price falls suddenly to $1,000 now.These people always want to stay in the comfort zone itself.Success could only be achieved if they come out of their comfort zone.
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Definitely,most people feel that they have missed the train almost for ever.But its not true.Bitcoin's journey has not ended here.It has just finished its initial eight years.Most people in january this year thought that bitcoin price is $1,000 and its too late for them to buy.Then some people thought of the same thing when its price reached $2,000.Today,we could only have pity over them.They have lost an excellent opportunity of doubling or tripling their investments.So,To avoid such disappointments,it would be a wise decision to buy bitcoins now at this price itself.
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Weak hands being flushed will always be the case through past history, today, and into the future. Same thing will happen when Bitcoin is $10,000, and $15,000, and $20,000.
i am waiting for that time sir and i hope i can see the price in the rest of my life before i give my bitcoin to my kids. i see there is more and more weak hands in the market when they see the price is dump hard and they will still exist in the market. but if they already know that this is just correction price before its increase again, they will be sadly if they know that the price will bounce up later. its better to wait another weak hands show their action so we can buy again. We can't blame those who quit immediately as they see the dump price hard because in business we talks about money and all people basically needs it though so sad to see those weak hand directly give up easily. But then let's just understand that not all situations are the same since we don't know exactly why this people quit right away. And that is why it is not good for anyone to just make decisions blindly. People are eagerly rushing into bitcoin today because they feel it is an avenue for them to make quick bux without even researching what bitcoin is all about, studying what they are investing into, checking out what the market trend has been like from the onset and how to avert from the mistakes people must have made. That is how a real investor should think and not doing this is the main reason that when a slight FUD happens in the market, the weak hands like the OP calls them are just ready to drop fast while some of them are even at loss only to come back to this forum to say bitcoin makes them tired. Yes,nowadays people don't even to research about bitcoin and they just want overnight success by investing in bitcoins.They mostly think bitcoin as a quick rich scheme.When they see even a slight fall in bitcoin price and adding fuel to the fire,a FUD,immediately they get panic and just sell their bitcoins at whatever price they see on that day.Since bitcoin is an ever growing market,new investors would enter daily in to this market and the process of getting panic would continue and the big whales would continue to have huge profits.It has become an ongoing process in bitcoin market. |
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first of all stop spreading FUD secondly stop spreading FUD in altcoin board about bitcoin. there is a board for your FUD called speculation board  this board you posted this in is for altcoins! finally. a lot of people have been saying a lot of bullshit about bitcoin for as long as bitcoin existed. you think you and the person you are quoting are the same to do so! even back when price was $1 idiots online were saying "bitcoin price will collapse". it really doesn't make any difference though. bitcoin is on its own path and even if millions of topics say it will collapse it will not and if millions of topics say it will rise it still will not. the trend is obvious and perfectly visible on the charts... Absolutely,just spreading FUD.We just saw that even china's actions against bitcoin has failed to stop the progress of bitcoin.FUD spreaders just used topics about china over these years as every one believed it since china always had an upper hand over the bitcoin market.And now,game about china is almost over.So,FUD creators are struggling to find a way to make people once again believe that bitcoin price will collapse. But this time,FUD would not work as before as almost most people have become aware of bitcoin's potential.Just these guys have to just dream,dream and dream that bitcoin price will collapse. |
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Worst case scenario I can possibly imagine is a slow bleed back to the 2500 range but I doubt we'll see anything below the mid 3k's. Certainly not a year long 5x depreciation again.
I can't see the bearish support right , All i can see is about the correction , from overpriced around $5,000 down to $4,000 , It's just the matter of market stabilize i think , Sooner or later will be back up especially in the next year , the end of year for bitcoin always about correction time. Bitcoin market is already come across a correction, we experienced a lot of ups and down in bitcoin market, even bitcoin price come down to 3000$, but after that people start buying again and still people are confident about bitcoin to purchase, therefore i am sure that the bullish trend of bitcoin will continue for a long time and hope to see the price of bitcoin trading above 6000$. Current bullish trend of Bitcoin market only by the airdrop money Bitcoin Gold from hardfork in November. So, I do not think Bitcoin can keep its value after that time. Although I'm putting almost my funds into altcoin but I still want to trade Bitcoin for short term, because I can make a good profits till November with Bitcoin. As it is, we are all just speculating anyway. But like you said, everyone is trying to join the free coin train which is the reason altcoins are dropping really fast and bitcoin taking the huge peak for it. However, I feel even after the fork, there will still be a huge spike as people will still end up dumping their BCG mostly for bitcoin (win-win)... BCG does not have any support as far as I know and mostly it will be dead pretty fast, not long after it arrives. The major focus now is the core and segwit2x which I am not just sure how that would fair. Yes,nowadays most of people have started to eagerly expect the hard fork to happen and to get access to free coins.Now,they are just waiting for bitcoin gold.Actually it has no miners support since it has proposed to change algorithm so that it could be even mined with GPU. Earlier,bitcoin was predicted to move in a bullish trend through out the year.But,creation of BU,then BCH due to hard fork and recently china's policy change about bitcoin affected its price.And even now,bitcoin gold creation due to hard fork and segwit 2x activation are awaiting.So,its hard to say that bitcoin would continue in bullish trend till the end of this year. |
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Definitely,it will have an immediate impact on the price of bitcoin since japan after legalizing bitcoin has become the country which has the largest number of BTC trades carried out.Also,we could not forget that bitcoin price grew high immediately after bitcoin legalization there since thousands of retailers are accepting bitcoin payments there.If such a war occurs,definitely all those things would get totally collapsed.There would be a fall in bitcoin demand.As a result of it,bitcoin price would also definitely fall a little.
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That's really a sad news for bitcoin users in nepal.We could not understand that mostly countries having smaller economy are totally afraid of bitcoins and they are almost trying to ban bitcoin.We earlier saw that bangladesh,equador,bolivia banned bitcoin.They might be afraid that they would not be able to regulate bitcoin users and they would have to suffer a loss in taxes due to bitcoin.
Totally opposite to this,big economic giants like japan have opened their doors for bitcoins widely either by legalizing or regulating bitcoin.Those smaller countries should realize that they would not be able to avoid bitcoin in a long run.
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Banks are rally concerned about the growing importance of bitcoin.It has been a direct threat for their revenues from transaction services.But,i don't think that they would do such stupid acts of buying huge volume of bitcoins to dump at once.Even if they do so,then they would be the ultimate losers as there is a huge buy wall to buy bitcoins.So,they would not be able to manipulate the bitcoin price.
They might try other methods like spreading FUD by influencing media and by releasing tweets from persons who are on top of economic bodies like jamie dimon.
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You are just seeing one side of the coin that we buy a product with bitcoin today and if bitcoin price increases,then the merchant gets extra profits.Similarly,if bitcoin price decreases after we pay to a merchant,then the merchant definitely suffers with a loss.
To avoid this,if the product is valued in bitcoin itself,then there is no volatility.
Thus,after we pay in bitcoins,either the merchant benefits when bitcoin price increases or we benefit when bitcoin price decreases.
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Bitcoin being a decentralized currency,its price is determined by the value the buyer is ready to pay.In other words,its price either increases or decreases as per the increase and decrease in demand for it.but earlier,when china had a dominating position in bitcoin market,its price was mostly manipulated by chinese investors by dumping their huge volume of bitcoins at once.Also,big whales spread FUD in the market to make new investors panic and they rebuy those bitcoins at low price.
But now,chinese manipulation is not possible since bitcoin has users world wide.Now,mostly FUD is responsible for high fluctuation in bitcoin price.
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Definitely,bitcoin is a new kind of money.Even most of the countries are still confused whether bitcoin is a currency,commodity or an asset.That's why,most of them have not legalized bitcoin yet.
Bitcoin was created as a decentralized currency by satoshi.People too treated it only as a currency in its earlier stage.But when its price started to increase rapidly,people just changed their stand and started to treat bitcoin as a digital asset which could give very huge returns in a small duration of time.
In future too,bitcoin would be mostly used as a digital asset.
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Actually,most of the governments do not welcome bitcoin as they know that bitcoin would free people from their control.But they have no other choice left than allowing bitcoin.Only thing,they could do is legalize or regulate it to have control over it.Its the only way to get income by taxing bitcoin earnings.
Instead of taking stand against bitcoin,most of the countries have decided to regulate it by insisting the bitcoin exchanges to strictly follow the KYC to avoid money laundering.
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