Cryptocurrency is a popular trend in the current currency economy field, and many people are concerned about choosing the crypto market industry. The decentralization of cryptocurrency prevents it from being recognized and protected by the official government of any country. It is under the influence of the supply and demand market. At the same time, there are very many people buying and very few people selling, which will lead to rapid price increases. Then the dealer inhaled a large amount of money, causing the price to rise to a certain level and then clear it, and then retail investors will be injured. While it brings profits to investors, it also has risks.
Recently, the popularity of multiple cryptocurrency markets has continued to increase, and many traditional investment users have also begun to pay attention to the cryptocurrency market. How long can this trend last? Will it always exist?
The cryptocurrency markets aren't that popular,because they can't beat stocks and FOREX market in terms of trading volume.The crypto markets will grow slowly,without any rapid or tremendous growth and their niche will always remain small,compared to the traditional financial markets. Most of the institutional investors(and many small investors) will always stay away from the crypto markets because of the price volatility an hostile regulatory frame,that is being set by the governments and central banks. |
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Will (and can) Bitcoin be artificially lowered by banks just like did with gold/silver?
Seems like bitcoin is on the edge of a cliff at the moment.
The little guys (0-1BTC) and currently stacking hard right now while the whales (100+) are neutral or slightly selling.
Meanwhile price is still going slightly down.
From a whales perspective, it doesn't make sense to jump in to drive the price up from here. Because the little guys are already stacking harder than they have ever.
Will the little guys end up holding the bags (like they always end up doing)?
What do you mean by "artificially lowered by the banks"?You mean that banks will start buying and HODLing large amounts of Bitcoin?This will actually boost the Bitcoin price to the sky. Banks cannot lower the Bitcoin supply or demand,because they aren't actively buying/selling Bitcoin. The current situation on the BTC market has nothing to do with the banks.The Bitcoin market is always a little bit stagnant during the summer.This is normal.The market will become more active in October,November and December. |
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"Not your keys,not your coins"....
I remember that blockchain.com had a 12 unique word combination,that is generated for every account,which the users could use to restore access to their accounts.
I don't know if this feature is still available on blockchain.com.
If you really want financial services,that are capable of refunding stolen funds,then you should dump the cryptosphere and choose a centralized financial service-an online bank account or Paypal.
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so using renewable energies will not give you an additional advantage or more profits. Because renewable energy can be cheaper.
Electricity is expensive to store. Imagine a giant wind farm. During the day, it churns out electricity which homes and business use to power lighting, AC, computers, TVs, kitchen appliances, etc. During the night, it churns out just as much electricity, but the demand is now tiny. They spend lots of money to build batteries to store some of this excess, but it's not enough. A lot goes to waste. Along comes a bitcoin miner and says "I'll move a bunch of my mining equipment here if you sell me your excess electricity cheaply." This is electricity which is being wasted and earning the renewable energy company nothing, so selling it at any price is good for them. Why do some miners leave or use solar energy? Because it is very easy to run your own solar panels. Buy some panels, hook them up to your mining equipment, off you go. No ongoing raw material requirement, no moving parts, very little maintenance or upkeep, very little ongoing costs. Sorry to say that but renewable energy is still more expensive than conventional energy.Solar panels are very expensive.Wind turbines are still expensive. The problem with solar and wind energy is that it cannot be sunny and windy 365 days in the year. The days,when there's no wind and sun,the miners simply won't be working. I think that many of the crypto miners are running during the night.How can you get solar energy during the night.  |
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OP,you are basically just spamming the forum with posts about how magnificent and spectacular Bitcoin is and how it dramatically changed the life of all humans on the planet Earth and bla,bla,bla... We already know that Bitcoin is awesome,so why don't you just stop spamming the forum. Are you trying to boost your post count or what? actually it.is.absolutely not needed in.the world of bitcoin because this has.absolutely no effect.on the government, especially regarding legal issues.because it.also.has absolutely.no effect.on the value of crypto currency if.the law is applied to bitcoin users.in their respective.countries
Wow,did some forum bot or bad AI write this?This post has so many dots all over the place. Learn punctuation bro. |
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There used to be a saying that "lottery is tax on the stupid".I guess that such shitcoin scams deserve to be called tax on the stupid as well.Nobody with a brain would buy such scam shitcoin.
Only stoned teenagers that have some money to spend(or their dad's or mom's credit cards) would buy such shit.The followers of these "influencers" are usually teenagers and kids.This kinda makes the scam way worse.
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Is the summer of 2021 the right time for a 2020 retrospective of Bitcoin? Wasn't January 2021 more suitable to make such posts about "what happened to Bitcoin in 2020"? We all know that the March price crash,the halving and the December bull run are the most memorable moments for Bitcoin in 2020. I don't think that the Bitcoin market has matured that much,because the trolling from Elon Musk in 2021 caused the price to crash.If the traders were more mature,they wouldn't fall into the panic selling trap. |
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The giant whale, as its name implies, refers to a super huge whale. When this kind of ocean king appears, the sea can always set off huge waves, and one bite can swallow tens of thousands of small fish and shrimps. If in the world of Bitcoin Here, will they have a sense of responsibility for the healthy growth of Bitcoin? And I saw the huge volatility of Bitcoin, their teeth are like sickles, without leaving a drop of blood. I really don't want Bitcoin to be their tool. Will they control more than half or even more of the 21 million Bitcoins?
The crypto whales can theoretically control more than half of the Bitcoins in existence,but they have to be responsible,because every mistake made by a crypto whale can easily crash the Bitcoin price and therefore the whales could lose money(at least in the short term). The crypto whales need all the small investors,because they are profiting from market price pumps and FOMO,but the small investors also need the crypto whales,because crypto whales can help for pumping the Bitcoin price. This can be a symbiotic relationship,but sometimes it can be damaging for the small traders/investors. |
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Token holders jointly own the control and ownership of the organization, and can determine the development direction of the organization. The people,who own Bitcoins cannot own the control and ownership of the "organization"(by organization I think that you mean the BTC blockchain) and cannot determine the development direction of the organization(BTC blockchain).Bitcoin is NOT stocks.Some ethereum based tokens can be viewed as stocks,so the token owners own a share of the DAO.Bitcoin has nothing to do with ethereum based tokens or ethereum based decentralized autonomous organizations also known as DAO. The Bitcoin community consists of users,miners and developers,but it doesn't have the specifics of a DAO. |
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The global financial elite wants to devalue all debts by increasing inflation. Nobody wants low inflation,because sooner or later the banks and governments with high debt rates/high budget deficits will go bankrupt.Increased money printing will give more fiat money in the hands of governments with big deficits/debt.This will postpone the upcoming financial disaster,but the standard of living of the working and middle class will go down in the next few years. Keep on buying BTC. |
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Can we compare the rate at which fiat banks go bankrupt and the rate exchangers do?
It's very rare you hear that a bank became insolvent due to robbery attack or hackers.
But often you will hear that one exchange is hacked or so.
Does is really mean that the security risk of Cryptocurrencies is higher than that of fiat banks?
How do you imagine a bank being hacked by a bunch of hackers and they move the money from one bank account into another bank account? Bank transfers are transparent and reversible. Fiat banks don't go bankrupt,because the central banks can provide them with financial support. The security risk of crypto exchange platforms(NOT cryptocurrencies) is bigger,because: 1.The level of online security isn't top notch,unless we are talking about the big and reputable crypto exchanges. 2.The crypto funds aren't guaranteed against theft. 3.The risk of an exit scam exists(at least in the smaller crypto exchanges). |
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In fact, there are now cryptocurrencies that don't require mining at all. Some of the more sustainable options like Cardano, Ethereum and Bitgreen use ‘proof of stake’ to validate their transactions. In the proof of stake process, only validators that have ‘staked’ their coins or have already processed transactions can verify transactions and be incentivised. Do you suggest that we should dump Bitcoin and switch to Proof-of-stake altcoins,only because some FUDsters say that Bitcoin is bad for the environment?Really?Are you kidding me? Breeding and farting are also bad for the environment,because the people are producing CO2 and toxic gas and letting it go into the atmosphere. Should be stop breeding and farting? Just don't listen to the environmental fundamentalists and you will be fine. |
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What did you think can be the lowest price of bitcoin in 2021 from June to December. The price of bitcoin has been within $30,000 and $35,000 for long, if the price go beyond $35,000, it is not still passing $40,000. Now that the price is always very close to $30000, I am think it is possible for the price of bitcoin to go below $30000. Is it possible for the price of bitcoin to decrease beyond this level?
Let me pick my crystal ball and I will tell you. Both scenarios are possible.The price might go below 30K or it might go above 40K.We just need some forces that will push the market to a certain direction.In the first case,we need FUD and some crypto whales selling their coins and creating panic selling.In the second case,we need some really positive news about a billionaire or a major corporation buying lots of Bitcoins and creating a FOMO wave on the BTC market. The problem is that all the crypto whales and big company CEOs are on a vacation this summer,so they don't care about Bitcoin right now. |
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In the first two quarters of this year,we were expecting Bitcoin to be massively adopted by institutional investors and big corporations.Then Elon Musk started trolling BTC,the Bitcoin price crashed and all the institutional investors,that were showing interest in BTC simply stopped expressing interest for BTC. I know that Bitcoin adoption won't be a steady and predictable process.There will be huge obstacles and there will be times,when many companies and people will dump Bitcoin. |
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AFAIK Singapore isn't very Bitcoin/cryptocurrency friendly. Do you have any insider information that Singapore is going to become pro-Bitcoin and accept Bitcoin as a legal tender?Are we going to play the guessing game about which country will be "the new El Salvador"? Isn't this just wishful thinking about what will happen to Bitcoin,if country X(insert random name of a country) adopts BTC? I believe that Bitcoin should be a truly global currency/asset.We shouldn't rely on one,two or several countries to be considered "the home of Bitcoin". |
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Let me remind you that most of the countries around the world are neutral towards Bitcoin and crypto.
Don't try to make FUD posts,based on the few countries,that are anti-Bitcoin.
You are writing that the "government is trying to slow down Bitcoin".Which government?Can you be more specific?Is it the US government or the Chinese government?There are 220 governments around the world.
Do you mean that KYC is slowing down Bitcoin adoption?Well,KYC is mandatory for all financial services.
You have to be ID verified,when you open a bank account or a FOREX trading account.Does that mean that KYC is slowing down fiat currencies as well?
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I applaud your attempt but the logos are too plain (simply types "Sat") and too long (3 characters).
It is best if you work on a better design and try to come up with only 1 character logo instead of 3. That way it could be similar to any other currency symbols such as: $ € ￥ BTC.
I'm not an expert,but here are my two cents. A logo and a currency symbol are two different things,because currency symbols are NOT logos. They are just symbols. A symbol can be a logo as well(Apple logo),but a logo can be a symbol and sometimes it can consist the name of the company,brand,product,etc. I don't know what exactly is OP trying to create-a logo or a currency symbol.I don't think that this design can serve both as a logo and a currency symbol.A currency symbol must contain only one letter,not three. |
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Simply owning a currency or a financial asset has nothing to do with greatness or being great. Glorifying Bitcoin or the blockchain technology seems kinda wrong to me.At the end of the day,this is just a technology.Every technology just comes and goes.The telegraph was a big deal in the XIX century,but now we are using smartphones and computers.Bitcoin might be replaced by something better in the next 10,20 years.This might be some altcoin or it might be Bitcoin 2.0.The blockchain technology might also be replaced by a better technology.We shouldn't put a technology on a pedestal. |
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I get your point,but Satoshi Nakamoto is not Julian Assange or Edward Snowden.
He never revealed government secrets and he cannot be blamed for treason or some other bs.
Bitcoin didn't destroy the fiat money system.The BTC users are a small number,compared to all fiat money users and even the Bitcoin users are still using fiat money.
If it was so bad to be acclaimed as the creator of Bitcoin,then why Craig Wright is so desperate to be recognized as "the real Satoshi"?Is he stupid?Would the US government try to destroy Craig Wright,if he was the real Satoshi Nakamoto?I know that he isn't the real Satoshi,but that's an interesting hypothesis.
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This looks like a great project.
I think that this forum thread belongs to the Project development or Service announcement forums,but it will get more views in the Bitcoin discussion forum anyway.
Charity is a great thing,but I do believe that those homeless people need serious help from the government,so they could get a job and put their shit together,instead of getting a bunch of food for free.This type of charity doesn't solve the problem.Give a poor man a fish and he will eat once.Teach him how to fish and he will never be hungry again.
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