USA dollar weakining coz of war
So what is Next currency to use?
Its a euro?
And what is the safe asset?
I Think its not Gold and its not Property either
It's not weakening because of the wars, if anything euros is going to be one of if not the first currency to fall since they don't have their own oil reserves, to which currencies heavily depend on. In the case of safe assets however, as resources dry up, gold and properties, even oil might lose its value, honestly there isn't such a thing as safe asset because everything that has value is at risk of losing it. |
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Chances is that it will increase in price, but the ranging of values or percentage that it may get may still be lower than 2016,as year 2016 as many people still investing since governments were not that strict that time in implementing bitcoin unlike now that many puts bad name in crypto due to banning of some countries. However many long time believer might add more investment in their portfolio before halving as we believe btc is still have a chance to be bullish again.
Indeed, it definitely increase in value during or at least after the halving, but since governments are more stern with the laws and taxes they apply we shouldn't expect it to be much. Though it should still be something considerable. As of now there are no major changes in the price of bitcoin so it's safe to say that there is still a couple of months before the halving happens. |
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Every year it becomes more and more difficult to produce Bitcoins, personally I think that even in 20 years it will not be possible to produce all Bitcoins, perhaps it will happen in 50-100 years.
Under the current conditions, the final bitcoins will be mined in 2140 at the rate of halving every 4 years. So we have 120 more years for bitcoin to finally be mined, but I don't know if this market will survive until that point or not. 120 years is really a long time and things will always change compared to the calculation This simple calculation makes us think, whether the market will support or not. if the market continues to support then I think bitcoin can have a good price and applies to the opposite. we still have plenty of time to see bitcoin continue to be mined, and I hope that bitcoin growth can be comparable. Not so sure my friend, there are too many variables to consider even with making a simple yet sensible assumption. But I would say more or less 2140 as most of the mathematicians in this website say, provided that the halving doesn't occur, that is. Now bitcoin being 100% mined might bring about good or bad results depending on how we will treat bitcoin in the future, if it's still considered an asset, it's price will pump, and demand for it will increase skyrocketing its price even more. If it's treated as a currency this might cause problems but at the very least this make the price stabler than what it is now if anything. |
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Tesla founder Elon Musk famously supports Bitcoin via Twitter. But these days, the renaissance man is making news for other reasons.
Shares of Musk’s electric automaker, Tesla, spiked after the company beat sales forecasts for Q4. The robust prediction of 360,000 cars delivered was surpassed by 7,000 units. Such explosive growth appears to prove that Musk has weathered the worst of the storm.Click here to read the full newsCould this be the reason Bitcoin keeps pumping?Of course, Elon Musk a.k.a. Tesla Boy is supporting Bitcoin at all costs on one of his tweets. Now he has other reasons why, and I think it’s a good thing as well that would really contribute to Bitcoin’s recent pump. However, I would not really count on that because the scammers are lurking and waiting for the right time for Bitcoin to go even higher before making a massive dump. It’s just my own thoughts though, as I’m preferring those who are scammed by PlusToken or any other scams (which these scammers are still holding to some BTCs while waiting for bull run to commence). Personally, I don't think I will agree with you on this. The entire bitcoin market is very known for a sudden increase in the market value of bitcoin with no particular reasons backing this increase. People always find reasons to back an increase in the price of bitcoin just to create FUDs in the crypto ecosystem. There might be a specific reason for this rise but i don't really think the above post is the reason. Indeed, Elon Musk publicly sharing his support on bitcoin might produce some hype on his supporters bt that's too insignificant a value to even consider. FUDs are being made because of this which in itself is not really that bad but it creates false hopes on people aspiring to invest. It's best to assume that bitcoin's price is independent and is not controlled by one or more variables than blatantly saying joe's the reason why bitcoin's high. |
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It is an individual's perspective, and not all of us considering crypto as a currency but rather to think as a store of value. And badly I'm one of those.
Adoption is something to think that we are going to accept as what it is but the real thing it happens is very different. We can't deny that some people will consider this as purely an investment particularly to those countries that never accept Bitcoin. And can't blame them either.
I believe this word MASS adoption will take time to develop and it only happens when there is a massive improvement in the market.
This is true, most people regard of bitcoin as an asset, and not as a currency, regarding to the question of the postmaster, it's not even the fact that store merchants are afraid of being ripped off with their services that bitcoin is not wholly accepted even as of now. It's its high volatility rate that's the culprit. Store merchants just worn't take the chances of accepting 1 bitcoin right now at a dollar and fifty (for example) knowing that tomorrow it could go down to 50 cents |
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Basically, here's my principle:
1. Do not believe when people tell you market is now doing good and is the right time to buy bitcoin.
2. Do not just buy bitcoin at good market price, try to diversify your buying time frame to make it weekly, instead of thinking too much and waiting for the right time because probably you might not succeed and might just lose some funds.
3. Lastly, do not believe any one's prediction, let yourself figure out what to do based from market research and if you can conduct market analysis, probably it is much better.
I would also like to share a piece of advice that will certainly keep you out of trouble when you recommend bitcoin especially. Refrain from advertising it to your friends or loved ones. It happened to me once and it tarnished my relationship with them. So unless you guys have close bonds together stick with recommending bitcoin to people online or to readily interested people so the fault wouldn't be indirectly yours. |
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I know the benefits of bitcoin are immense and it has a lot of advantages, but it is still not as good as the currency because it has not been accepted in countries, the government has not accepted Bitcoin in delivery yet. In addition, bitcoin and gold are storage assets because it does not have as much amount as flat money, if that happens, you cannot use dollars, euros or any fiat, and only gold and bitcoin. And gold and bitcoin prices continue to rise because they are scarce. You can spend a little on absolute necessities - food, rent. But you won't spend on luxuries like going to the movies, or some of your hobbies, you're hoarding your bitcoins because the price is rising. In that case the economy will collapse because most of us use the money we make to spend and stimulate the economy.
When an investor buys Bitcoin and thereby stores Bitcoin in his cryptocurrency wallet, the investor is in a shared boat with everyone who has Bitcoin. Volatility is primarily a hindrance, or vice versa, causing the price to change. Bitcoin capitalization plays an important role. Yes that is true if we want to make money from bitcoin we will have to hold and store it for long term and if you can not hold it for long term and use it at time of need you will not be able to have profit as we wanted to have. But in case of emergency we can use bitcoin as it’s the most accessible system to pay for things of our need, bitcoin is so reliable and easy to use when ever needed. |
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I also don't understand why bitcoin is always compared to things that are valuable or related to investments which obviously all have differences even though the goals are the same.
gold has existed since the time of our ancestors and has existed since the earth existed and the shape of gold is real and very valuable and will never run out as long as the earth exists, and bitcoin is still 10 years too far with the age of gold and bitcoin is formless but valuable and both are very profitable if you have it.
Cause people think Bitcoin is store of value just like gold that is why they are comparing them. Also, gold isn't unlimited, experts do agree that gold has a limit supply because it takes so much resource to mine and make. It is just the same with Bitcoin which is limited. Bitcoin is primarily used for investments believe it or not. It is not surprising it is compared with things of high value such as gold since aside from it being on a different trading environment, bitcoin doesn't really have that much of a difference. But I do digress this comparison as bitcoin has it's own manner of measurement which makes it illogical to compare them with gold. |
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There is a difference because of the physical attribute of the coin.
Most of the old ones are made of pure silver while now they put plastic in it.
Old coins that are made are not that much because they have a higher value before and you can buy a lot with just a dollar.
Now, with crypto currencies, there is a lot of difference. Living in the internet era is difficult, there is not rarity of products by now. I would still prefer keeping gold when it comes to having a physical view.
I couldn't agree more, most cryptocurrencies only have assigned values in them while most fiat had innate value assigned on them making their value appreciate as time goes by. It is indeed a different story with cryptos. So it's not really that applicable if you'll come to think of it. |
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I often get this almost in every telegram group, many spammers and scammers rampant promoting their scams, as you say it seems to be a fraud and stay away from them, because they work to deceive you, if you think of using the logic of where their money is to pay you $ 5,000 if you only give them $ 500 in 5 days, it doesn't seem to make sense, don't hesitate to ask everyone else in this forum
Well sometimes it's best to trust your gut instinct when doing trading especially with cryptocurrencies. The thing is, if you feel like the ROI or the profits you are being proposed is too good to be true, then most probably it's a scam. Besides, no person would want your money if they could make $5000 in 5 days with their 500 dollars, it's best to leave on that group chat and report it as it defaces the bitcoin community. |
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The reason why we must study economics in university because everyday in our life we always spend our money in exchange for goods and services, and of course paying our bills. Knowing about our economy will help you to understand how our economy work, what are the reasons why we pay taxes, and why there are inflation and deflation.
Not only that, primarily what they teach in Economics class is how things depreciate or appreciate in value, which could help the common joe to at least grasp some information about how goods such as money, food, oil and even cryptocurrencies at work. This could help them budget, strategise their investments and basically help them in the long run. Though it is not always necessary to study if anything, just a basic grasp of knowledge about economics will do the trick. |
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price has already affect BTC on the localbitcoins in Iran, it was posted by some user in similar thread which the price reaches up to $29K. it didn't affect the whole market though. a war seem overblown though, its not like Iran will blast US but then there is a probability that Iran will be invaded as US usually do it. hope not. Iran doesn't have a local section but if there is it would be a hot big thread here in bticointalk.
I believe so, there could be some downfall in the price if ever war breaks out. And if this conflict rise up to the global scale, bitcoin's value could depreciate heavily as wars and conflicts greatly obstructs technological advance, which means internet, the heart of bitcoin could be at risk. This inevitably could lead to huge losses by investors and common people alike. Let's hope for the best. |
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Of course, I prefer cryptocurrency. I like the conception of financial freedom, but nowadays we all have to use fiat money. And this situation won't change soon.
I couldn't agree more, most people will still choose fiat over crypto because it is what they have been used to. Us people especially cryptocurrency enthusiasts will definitely choose crypto because we saw its benefits and we have gained financially from it. This revolution we have been waiting for will happen inevitably, but it won't happen just yet until ample people still prefer to use fiat with their day to day activities. |
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if you want to get money quickly you have to invest in short-term or daily trading, but the risk you get is also getting bigger. for short-term investments you should choose a large coin like ETH or XRP, or you can choose the altcoin that you like.
I could not agree more, daily-trading works best for beginners and people who are just testing the waters on cryptocurrency trading, But as time goes by, you'll find huge profits at a much lower risk by simply hodling. Anyway as a fellow investor I would highly suggest you take on the biggest cryptocurrencies first as most of the altcoins in the market are highly dependent on bitcoin's fluctuations, refrain from spending money on cheap coins since they are statistically the ones who begin to depreciate in value much quicker. |
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yeah this market seems to be manipulated by people who hold huge amounts of bitcoins, so it leads to a very difficult market for traders or holders to make a profit, technical analysis accounts for only 50% The remaining 50% depends on the psychology of the people who called whales, you can see that matic is an example
You may be exaggerating the abilities of a whale, they can indeed pump the price up to a few hundreds or thousands of dollars but not to the extent that it will reach said heights. Besides, it's not like the only factor a whale considers is the amount of bitcoin he/she has in disposal, we have taxes and bunch of other things that affect the price of bitcoin itself. In all honesty we still hold an equal maybe even greater power than the so-called whales, if we pull-out our investments they'll go broke. Easy. |
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in order to protect your selves from bitcoin sudden move you should convert your btc to stable coins or convert them to fiat or just withdrew them . you know bitcoin is volatile . you must accept it or leave , if you wanna trade then trade and put in your head that once you already trade you can never get it back . you must accept if what else happen next . if your lucky , youl earn while the price will dump after you traded but there are time that a trader is badluck and the value of the coin that they already traded just pump hard few moments later .
There are numerous ways people handle the volatility of bitcoin, some diehard investors like me use the low value as an opportunity to buy more coins, whereas people who are weak of heart most of the time pull out their investments at this time. Some hodl on their coins until a stabler environment comes in. But personally, if you have money to spare. I would suggest you deposit more money in these low price events and wait until the value appreciates. It'll be a win/win. Otherwise hodl on your coins. |
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Bitcoin did surpass all the other investment assets in terms of return. But the volatility is a huge factor which increase the risk manifold. So, more the risk more the return people will expect. Therefore, Bitcoin giving more return than gold or stock market isn't a big deal as risk associated with the investment is equally high.
It is good for diversifying your investment but I think the traditional investors are still not ready to shift or adopt cryptocurrency as an investment.
Still, this goes to show how strong bitcoin is holding up against time. Though even now we still can't say for sure what would happen in the future. These lows help shake off the bad fruits on the tree making bitcoin much more stabler in the long run. What we could do as loyal bitcoin investors/users is to spread news to entice more people and completely inform them of the pros and cons of investing so we can weed out the weak of the heart. |
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The beginning of the year is a start for bitcoin as well as altcoins. The market is green. I hope it will continue especially that there will be halving to happen in the coming May. This may increase the price of bitcoin and may also be a reason to attract more investors. I just hope the price will continue pumping until the end of the year where will see double or even tripled price of bitcoin.
well technically every year is a big step for bitcoin and other cryptocurrencies to take as most of the time they have green marks pn them in the first few months of the year. We can take this opportunity to invest on more bitcoins/coins. Technological-wise, bitcoin could see some development this year, we can't really say for sure what are those so it's best to be on standby for the meantime. |
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the devs are the ones that decide if they will make changes on thier coin . for bitcoin , bitcoin core developers and not the majority or the ones that hold alot of bitcoin .
but i dont know if its possible to change the supply of the coin once they were already released and running . if yes then i still think that it was not easy . laslty , i dont think that its beneficial to up the supply of btc because that will only make its price lesser but that would make bitcoin more stable .
It is not possible to change because it is fix and whatever they created it is only thing that they will. I think if something they will create or change the supply, it have a bigger change and a huge effect for all. The 21 Million supple is just a parameter, it is not necessarily an exact 21 million. Nevertheless, as of the moment there is no need for people to amp up the amount of existing bitcoin as the value it holds makes it even harder for an average person to earn one. On top of this, creating more bitcoins per se will cause it's value to depreciate, just like normal fiat coins, so it is not the best thing to do as of the moment. |
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I am just wondering would it be possible in the future for the world to run solely on cryptocurrency? Considering that right now there are many people from different walks of life who are using cryptocurrencies in their day to day life. I think right now one of the main limiting factors for world-wide cryptocurrency usage is the world’s governments who make restrictions on cryptocurrency usage. Moreover, I also think another factor in limiting cryptocurrency usage is a lot of people’s lack of understanding of cryptocurrencies as it is a rather new technology to most people.
I think that we can solve most of these problems by educating people about cryptocurrencies and debunking what the mainstream media have done to slander cryptocurrencies.
I honestly think that if these issues a solved then we will probably have more people to use cryptocurrencies worldwide.
What would do you guys think, I’m just speaking (posting) my thoughts over here. Feel free to correct me if I am wrong. I’ just rather optimistic about the future of cryptocurrency usage in the future.
There's a huge possibility on the crypto spread in every person when everyone must agreed to used cryptocurrency as they currency.
For now, it was difficult to happen because there are some country do ban crypto by using on it so soon if maybe all of the country uses crypto they also encourage to unbanned the crypto.
It will be possible for the world to run solely on cryptocurrency , but it will require massive adoption just as we have in Fiat. The world also need to improve on the literacy on cryptocurrency because adoption without understanding of cryptocurrency will cause a lot of harm . Also Debunking what the mass media says against cryptocurrency is possible when the masses are educated, and non of the perceived falsehood of the media is correct. Cryptocurrency will continue to suffer backlash from the mass media, until the issue of fraud is reduced to a bearable minimum. There is a big possibility of this coming in the future, but in order for the general public to gain hold of cryptocurrencies the big companies should first advertise the use of it, so far the threat that obstructs big companies from investing is the fact that it is highly volatile, they can't just trust their life savings or their companies profit for example on something that could be gone tomorrow, so as long as bitcoin and any other cryptocurrencies remain volatile, it wouldn't see global usage just yet. |
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