This seems too good to be true, bitcoin coming back to $1k is a wonderland for investors that are looking to invest into bitcoin but it is a suicidal situation for those who have invested into bitcoin back in December as they will take the biggest hit from this price decrease. But this price fall isn't gonna happen as the market will quickly recover even if the price falls below $5k range. |
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Looking at the current market, many people are disappointed in the market price, bitcoin prices stomping at the $ 7000 level, altcoin prices are falling deeply. Recent good news, however, shows that the market continues to grow and has great potential in the future. What would you do this time: Buy bitcoin, buy altcoin or do nothing?
There isn't anything to do in the current market as the market is very unpredictable and people are scared that where the bitcoin prices will go, either they will go up or the bitcoin will fall down again. So new investors are also not investing in the market just because experts say that bitcoin can go lower to $5k levels. |
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I just wonder how bitcoin really works on local exchange around the world because if you will going to need a real money and you have bitcoin definitely you can sell your bitcoin and exchange it with real money in your local to be used. Well if all people around the world would exchange their bitcoin holdings is it possible because bitcoin is being back up by real money?
No bitcoin isn't being backed up by real money. The sole purpose of the value of Bitcoin is supply and demand, the supply of bitcoin is limited i.e. 21 million coins to be formed ever and out of which about 17 million are mined already. So when a person buys bitcoin he creates demand and makes the market and that increases the price so when bitcoin become popular the market rises and vice versa. |
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We all know this year is one of the worst year of crypto, market is dead and new investors are in fear to enter, My portfolio is 75% down as compare to January. How long this market will take time to recover?. I am stacked in holding.
The same problem persists in my place the only condition is that I sold my bitcoins at around $15k and now brought back at $7k each so I have doubled my bitcoins but still the problem is of selling those coins as the market is taking pretty long time to recover and I am going out of patience watching the market go red day by day. |
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If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?
Socio-economic problems can't be fixed by giving everyone a bitcoin as then also poor people will sell their coins for monetary gain but if you give a rich person one bitcoin then he can convert that one bitcoin in a few days into 10 bitcoins and that's the problem and difference between rich and poor. Rich work hard to grow their money, but poor work hard to get more and spend more. |
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In Trading, there are two categories of people, those who want to increase their bitcoin volume, and those who want to increase their dollar volume. Which one do you prefer?Why?
I am a pro bitcoiner and I always want ot increase my bitcoin volume as if I increase my bitcoin volume then I will be indirectly increasing my dollar volume as in 10 years bitcoin will surely be above $100k per bitcoin so till that time i will keep on increasing my bitcoin volume and then I will take the profits and enjoy my life. |
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This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
Crypto made me stand on my feet and made me a responsible person who didn't knew anything about investments but after indulging in Crypto and also participating in a lot of campaigns I came to know the importance of investment and how investing in right place can make you rich overnight. Also crypto have made me stand in that time when I was broke and most vulnerable in my life so its the best thing that I have ever come to know about. |
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Hey guys, i need some suggestions and opinions about this.
The main factor that affects bitcoin price is the investor sentiment and the affect of the news on the crowd as its the crowd whose psychology affects the price of bitcoin because it's the public that makes it or breaks it so if people believes in bitcoin then the price will rise and if the opposite then the price will fall and this is the reason behind every pump or dump related to bitcoin or any other cryptocurrency. |
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How many idiots who decided to invest in bitcoin!!!!!!!
It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....
In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.
This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.
So began a process of growth needs the infusion of more money.... They're gone.
I think the joy of endless growth to an end this weekend.
Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....
First of all the bitcoin investors aren't foolouse, they are the ones that can find diamond in a coal mine so they know where to invest, when everyone is behind the stock market they are chasing the bitcoin that only a fraction of people own, in a recent report it was concluded that only 2% of Americans own bitcoins even a greater number of people in US knows what bitcoin or cryptocurrencies are but only a few people have guts to invest into bitcoin. Even a far more number of people have invested in stock market from US but those investing in bitcoin are the real investors that have a back of finding the best investments. |
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That's the reason behind them banning bitcoin as they like blockchain but they don't like bitcoin because the Chinese government couldn't control bitcoin so they cribbed it out and just adapted what they liked that it the blockchain. That's also worse than India as it has just banned the banks with dealing with the virtual currencies and not the virtual currencies themselves. So there is some room for acceptance of cryptocurrencies in India via peer to peer method of selling or buying crypto. |
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Is it practical to expect tenfold jump in Bitcoin this year ? It has happened in past but is it practical to expect it this year also ?
I don't think that bitcoin will jump 10x this year as it is very hard for it to reach this milestone as 8 months have already passed and still the value is below par than the previous year so first bitcoin would have to reach at the level where it was in the previous Year and once it does that then it should make a jump for the 10x mark that you are expecting and that happening is close to impossible as far as I can imagine. |
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Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.
Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.
Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.
An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer
If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.
But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.
How make you sure to safe your Bitcoins?
I just have a bitcoin wallet installed on my old android device whose wallet is backed up in my external hard drive which I rarely use. So whenever I have to transact I access that old mobile and for rest of the time it's kept inside my cupboard. I always use the same address to accept payments that is present on that old android phone. |
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I have been observing a trend from last year bitcoin price movements to this year movement.
I have observed how we're getting so much positive news and adoption about bitcoin this year, but still the prices refuse to go up. If this was last year a single positive news will have pumps the prices by at least 10% or more.
Its that positive news don't longer have any effect on the price movement or is their any manipulation going on.
Yes positive news does have a huge impact on the price of bitcoin and negative news even have far worse impact on bitcoin as people tend to believe negative news quickly than positive news and also negative news spreads like fire in the jungle so the affect is also seen very quickly as compared to positive news. |
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Why bitcoin is votality compare to fiat money. Many say bitcoin is not a good investment because it is votality.
What is votality?
liability to change rapidly and unpredictably, especially for the worse. this is the fast price change.
Why is the votality of bitcoin high?
Bitcoin is a low supply at the time of its growing number of users and it has become a demand for the masses. Many want to buy, Many want to sell in easy-word multiple transactions. When many bitcoin transactions are fast market movements and we do not know what might happen because of the emotion of the seller and the buyer may have the price increase or decrease. So the bitcoin is votality because of the small supply and in-demand.
Why is fiat money not too volatility?
Because the government is able to regulate a traditional money, they can make new money and just increase its supply so that it does not have a votality compare to bitcoin.
Note: This is my only opinion, if you have any opinion you can also share it.
Bitcoin is volatile because of the fact that it is being traded all over the world 24 hours every day of the week even on government holidays too unlike the traditional stock market that is closed after certain hours, also the various news does affect bitcoin price, if there is a positive news being circulated in the media then price rises and if a bad news comes up then the price falls. |
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Hello everyone. Do you still trading in Crypto market ? Do you win money or lose your money at this time ? Do you think or feel that Bitcoin price is going to grow up at this time ? I have a strongly feeling that Crypto market comeback. There were some bad news recently but the price of Bitcoin didn't fall and at this time, BTC price is preparing to break the resistance at $78xx and go to $8000. There are also good news appear on online newspapers. I think this is a good time to buy Bitcoin for a long-term investment (just is my personal opinion  ) Please comment your opinion, I will be really happy to hear all of your comments Well it's so much frustrating to see that bitcoin is falling again after reaching $8000 mark and now the ETFs are also postponed due to which bitcoin have again experienced a market crash, if just a few things happen right on time then bitcoin will again in the news and the price will start rising but these delays are hurting bitcoin in the long run. |
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That's the problem with people as they think that wherever there is a risk they shouldn't put their money in as from the childhood they are taught that they should not take risks and play it safe that's why they don't take risk with their money also. So they aren't able to invest and make it to the big league. |
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Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
Bitcoin doesn't work like that. It's peer to peer crypto payment system, so no one can stop it as there isn't any centralized server of bitcoin so it is impossible for the government to stop bitcoin. The only way a government can stop bitcoin is by stopping the internet access of the people and that's the basic right of people so they can't restrict the people to use internet. |
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ATH price of Bitocoin was 19934 USD at 17/12/2018. Can this year it will cross ATH . What is your opinion about this  The chances of bitcoin crossing the ATH this year are very slim and are close to nil. So if anyone is thinking of investing in bitcoin for the sole purpose of getting the 2x return by the end of this year then they are completely wrong about it as they are understanding bitcoin completely wrong and it presumed that bitcoin will never make you loose in the long run but if you invest in it for a short term then you shouldn't do because of its very volatile nature. |
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Russian government believe that it is necessary to legalize operations with cryptocurrency. They say that it will help the state to fight illegal money transfers. Moreover, central bank has the same opinion but with the condition of creating own russian cryptocurrency. What do you think about it?
Well this isn't of any surprise to me as Russia has always been crypto currency friendly so this has happened sooner than I expected but it'd be good for all the crypto lovers that any central bank would create a cryptocurrency so that will indirectly pour more money into cryptosphere that will make the price per bitcoin and of many altcoins pretty high for sure as more and more people will come to know about the crypto world so they will also try to be a part of this fommunity. |
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I was reading godlikeproductions in 2011 and there a man from UK posted a thread saying he is selling his house and buying £450,000 worth of bitcoins After 6 months to 18 months, he posted there, he has earned some $20,000,000 from Bitcoins.  That's what you get for playing against the odds and also having belief in what you are doing. If you have belief in what you are doing then there isn't anything in the would that can stop you from succeeding but if you doubt then you will be in great trouble. |
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