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All the things that you and the forum members stated are right.
The only which I can add is that currency is a tool to measure the value of an object and/or to measure the value of human labor.The labor theory of value states that the value of most goods is basically the value of the labor,which was used to produce those goods.This theory was abandoned,since labor isn't the only component of value.Scarcity and utility are other components of value.
Technology and innovation can create utility and therefore,it can create value.
Technology can also create scarcity.Bitcoin is scarce and useful,therefore it has value.
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Why can't the Federal Reserve just print 28 billion dollars and fund those infrastructure projects,instead of raising taxes or creating new taxes?  Money printing was OK for the 1.9 trillion USD Biden stimulus plan. How come money printing is not OK anymore when it comes to only 28 billion dollars?This is peanuts for the Federal Reserve. Anyway,the US based crypto companies will just move somewhere outside the USA,if such taxes get imposed. This isn't such a big deal,but I just don't understand the US Democratic party and the Biden administration. |
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The real question is not "Is Bitcoin bullish?"Of course it is..
The real question is "Is this a price bubble,or is it a stable price growth?"
If this is a price bubble,then what is causing that price bubble?
The crypto whales?Institutional investors?Smaller cryptocurrency traders?
When will the bubble burst?We have to be prepared for that moment.
At what price the bubble will burst?We have to accumulate more Bitcoin now,before it's too late and sell at the right time,right before the bubble pops.
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The high degree of centralization and traceability of digital currency will strengthen the ability of the state or regulatory agencies to grasp the data and information of the people, both subjectively and objectively. Human greed and government mismanagement have destroyed monetary policy without exception. CBDC is the same as all other types of fiat currencies, because people will get into trouble because of inflation and heavy currency control.
Bitcoin frees people from monetary policy. The central bank cannot put the cryptocurrency sprites back in the bottle, The power of the market in a more open currency selection system will mean that cryptocurrencies are expected to play an important role in forcing these politicized central institutions to better manage their people’s funds. CBDC may also be an opportunity for Bitcoin to help increase scalability and liquidity, it will make Bitcoin more priceless.
Bitcoin frees people from monetary policy,but Bitcoin also puts the people in a volatile free market,where the risk of them losing their funds is pretty big.The market isn't perfect,that's why we need efficient governments. How the hell can CBDCs help Bitcoin increase scalability and liquidity?Can you elaborate more? Do you mean that CBDCs will turn more people towards Bitcoin and make BTC more popular and in demand? Increased demand and popularity have nothing to do with the scalability of Bitcoin. I get your point,but I have to disagree with your theory. Nobody knows whether or not CBDCs will be better than the current financial system.They might be worse than fiat money. |
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Is this the reason why the Bitcoin price went close to 44K USD?
This is good news,but Coinbase has the same problems as every multi-million dollar online business with millions of customers and not big enough customer support.When a problem occurs,the customer support is really slow or non-existent.I guess that's why Coinbase has a low score on Trustpilot.Lots of negative reviews from frustrated customers.
Anyway,I don't mind them getting ahead of the competition and adding value to their service.The crypto industry needs more competition.
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Investors are thorough gamblers I guess that by "investors" you mean traders.Investing is not gambling,despite all the risks involved. Trading can be compared to gambling,if you don't know what you are going. There's nothing wrong with losing money when trading,if you make more money at the end of the day. Some traders are afraid of losing money when trading,because this would mean that they lack skills or they simply suck.This creates an emotional blockade and "fear of failure". Even the best traders are losing money here and there,so we have to get rid of the "fear of failure". |
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The fact of the Bitcoin price reaching a certain level (41K USD) doesn't necessarily mean that the Bitcoin price will reach another level (50K USD). I don't know on what facts do you base your theory about the Bitcoin price reaching 50K USD anytime soon?Isn't this just wishful thinking?
I don't see any major bullish news.I don't see big corporations and crypto whales buying lots of BTC.
The market is going up slowly,but it might go down in a matter of minutes.
Many traders are going to sell at a price above 40K US dollars,so the selling pressure won't allow the price to hit 50K soon,unless there's a very strong bullish signal,which will create FOMO.
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I'm a big fan of thorium nuclear reactors.100% clean energy at affordable price and increased safety+less nuclear waste,compared to the uranium nuclear reactors.
Solar and wind energy are great(still expensive though),but the weather is the big problem.We can't 365 days in the year with sunny and windy weather.
We already know that the FUD about BTC mining is exaggerated,so there's no need to prove that.
Usually all the FUD about Bitcoin is exaggerated,but the newbies pay attention to this BS,so the FUD news keep influencing the Bitcoin price.
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Having citadels,fortresses and castles is a wrong strategy in the long term,because sooner or later,an army will put them under siege and you won't have enough resources to survive.Eventually you will have to surrender. I will never have such citadel,because I can't accumulate enough Bitcoins,so I won't bother fantasizing about the structure of my dystopian(or utopian)society. Perhaps this time traveler guy is talking about a future,that will happen after 100 years,when nobody of our generation will be alive to witness the crypto citadels. |
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Anyway, my point is, Bitcoin can surely become a super-sovereign currency that affects the entire world economic structure in the future. That is based on certain economic theory and that is decided by the characteristics of Bitcoin itself and the trend that human society will become fairer. The big central banks would probably create a global "central bank coin" rather than adopting Bitcoin as a global currency. Comparisons between Bitcoin and bancor were made multiple times in the past,but I don't think that the idea of bancor is similar to the concept of Bitcoin. Bancor was supposed to be a centralized currency controlled by a global central bank. Bitcoin isn't supposed to be under the control of any central bank or entity. The US dollar replaced the idea of bancor for several decades,but the Bretton Woods system colapsed in 1971. |
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And, the further, the more difficult it will be for China to follow the achievements of the Western world, because capital has to move on its own, if not it is not capital, but the party moves. " I disagree with that.China has very good intelligence and awesome hackers.The Chinese are very good at stealing technology from the west,so I don't think that it would be difficult for China to follow the achievements of the Western world. China has accumulated lots of capital and it will accumulate even more in the future.A part of this capital might run away from China,but there's still lot's of it. The CCP will keep it's power and authority in the future decades.I'm not a fan of the Chinese Communist Party,but we can't deny the fact that China turned from a third world country into a global economic powerhouse for about 30 years. |
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Now i want to know from you guys is this type of Fud will gain a negative effect in peoples mind about bitcoin? Please share your opinion.
This FUD is pointed towards Coinbase,not towards Bitcoin.The fact that some crypto company has problems and/or committed some kind of fraud doesn't mean that Bitcoin is a scam,fraud,ponzi scheme,bla bla... The people aren't that stupid and they can distinguish a company from a cryptocurrency. Every big company is dealing with lots of lawsuits.How many lawsuits do companies like Apple,Amazon and Microsoft have?I'm sure that the number is quite big.Can you mention a lawsuit,which had negative impact over the stock prices of those corporations? Fud is now become a common topic in crypto world. FUD exists since day 1 of the crypto world.Don't you know this?Are you some kind of crypto newbie? |
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Back to the issue of legality and scalability. Running a crypto-based business in countries that tend to be oppressive or gray will hinder crypto adoption. Even when the crypto adoption level has been high, it can return to zero only because of the government ban policy. Also, given that crypto transaction fees fluctuate as well as their own prices, efficiency will be a problem for a retail-scale business or service especially if it's in countries with low economic standards. Customers will not actually take advantage of that payment method. I don't think that the Indian government can control every rickshaw driver in India. Even if India bans cryptocurrency payments,a vast number of people will still be using crypto payments and the risk of getting caught would be low.The "grey economy" will flourish,until the moment governments realize that banning crypto payments is pointless and legalize the crypto industry under their jurisdiction. I find it fascinating that people in countries like India,Venezuela and many more Asian,African and Latin American countries are way more open towards new technology,compared to the people in Europe and USA. |
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The bad thing about Youtube is that every content creator must follow the rules of the algorithm in order to get views and clicks(and make money).The algorithm forces content creators to make similar thumbnails and videos,in order to keep high click-trough rate and high engagement.If you try to be different from the crowd,you won't get traffic and views,which is sad.
Another bad thing is that almost all content creators are focused on making money,rather than providing the best possible information on a topic for free.
Let's be honest here.Cryptocurrencies aren't a very popular topic on Youtube.Most crypto videos have several thousand views,which is a really small amount.The crypto related YT channels are really small.
And last but not least,the constant paid promotion of shitcoins makes things even worse.
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Simple question. Between BTC and ETH what would you want to load up on right now if you could only choose one?
Personally I'd go with ETH, but that's because I already have a lot more Bitcoin than ETH.
Ethereum will never be able to hit a price level that is close to Bitcoin,due to the lack of scarcity. What's the point of choosing between BTC and ETH,since both the BTC and ETH price follow the same pattern? I would rather choose 100% Bitcoin or a combination between BTC and ETH. If we try to ignore the technological difference between Bitcoin and Ethereum and focus only on prices and profit margins,I don't see anything that makes Ethereum better than Bitcoin.I don't want to discuss all the DeFI,ICOs,smart contracts,which are built on top of ETH.They all have pros and cons and the pros aren't more than the cons. Ethereum is preferred over bitcoin. The price of bitcoin have gone high, and I find the price of ethereum to be affordable to buy it as a whole. Also from various predictions ethereum is said to touch atleast $17800 within the next five years time. This is something big out of an investment. This makes me prioritise ethereum over bitcoin. For short term and regular trading purpose bitcoin is the right choice.
4 years ago,I remember some people said that Ethereum will hit 10K-15K USD in the next 5 years. They were wrong.This is clearly a bold statement and a speculation. |
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This is yet another example of an institution or company saying "We will adopt Bitcoin,but we will create our own coin."  What's the point of creating your own coin,when you have Bitcoin? This is a marketing gimmick.Trying to get the attention of Bitcoin supporters,just for the sake of shilling the shitcoin/token in the future.Do we really need this?Are Bitcoin supporters that naive? I know that the Miami major is really pro-cryptocurrency,but I got tired of every new attempt by certain people and companies to show off as true "Bitcoiners" while promoting another token. |
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That's great,but what do they mean by "Google Ads for Bitcoin"? Is Bitcoin a company or a product to be advertised? I assume that they mean companies that work in the cryptocurrency industry and use Bitcoin. It would be great if all the shitcoin/token scams are still banned from using Google Ads. Some shady crypto exchanges are using Bitcoin,but they are also heavily promoting shitcoins and tokens. Are they allowed to advertise on Google Ads? |
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I'm confused.Your thread title is about keeping your Bitcoins from price volatility,but your forum post is about cryptocurrency trading in general.I don't think that keeping your BTC from price volatility and cryptocurrency trading are exactly the same thing.Crypto trading is more about profiting from price volatility,rather than keeping your coins safe from unexpected price movements.
Selling your BTC for stablecoins or fiat is the only option to keep your BTC from volatiltiy.Diversifying your portfolio by buying lots of altcoins and tokens is not a good option,because their prices are volatile as well,and most of them follow the Bitcoin price trend anyway.
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OP,you should try to win a Nobel prize in Physics or Economy with this theory.Maybe both... Now why don't you embed Bitcoin in a game theory or try to explain how the universe was created by the power or Bitcoin? I'm being sarcastic... Bitcoin/blockchain exists as a system,which is based on rules,trust and consensus.Some people are mining BTC,other people are buying BTC,some people spend their BTC,other people are HODLing BTC. All those people are the main reason why Bitcoin has value. They trust the system and have accepted the rules of the protocol. Everything else seems like an over complication of the nature of Bitcoin. Just go ahead and create an over complicated,hard to understand theory about Bitcoin.I don't mind. |
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Even if there's a record of multiple green daily candles in a row,that doesn't matter to me.
Such price patterns are temporary and history has shown that bullish and bearish trends don't last forever.
However,this might be a sign that the crypto traders are becoming more optimistic about Bitcoin.The spring FUD is over and the "summer lethargy" of the cryptocurrency markets might be over soon(probably during September).There might be a short term bull run coming.
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