Bitcoin has the potential to recover the problem. It is the best coin and it is the safest option for invest. I think price will increase in recent times. So don’t panic.
People are too stupid to realize that Bitcoin is the best and safest coin to invest in. But even if they did know that, they just wouldn't care since their only incentive to be here is to book profits through their altcoin investments. It's pretty frustrating to see how people are acting like a bunch of fools just for profit, which takes away the utility purpose of coins. The only thing that matters is the speculative side of coins. The similarities between the current crypto craze and the internet bubble back in the days are obvious. In most cases it concerns projects/startups not doing anything, but they are still worth billions. It's crazy.
|
|
|
Experts believe that in the long term, the Ethereum will grow significantly in price and overtake bitcoin in terms of total capitalization. But by the end of 2018 it will rise in price not so significantly - up to $ 1,500 (rate February 12 - $ 852)
What experts? Mind sharing your source? Ethereum is a ticking time bomb. The moment the ICO hype comes to an end it will lose the far majority of its value. It won't become worthless, but a sub $10 billion market cap is definitely possible. Something that heavily depends on hype is never going to last long. Seriously, what is Ethereum offering aside from their ICO thingy? Nothing else is interesting enough for people to actually start using. DAPPs, it's being talked about a lot but thus far none is actually being utilized because no one cares. Most of the noobs holding Ether don't even know what a DAPP is, let alone know how to use it. It's pathetic.
|
|
|
Its already happened, the capitalisation of Ripple far exceeds Bitcoin. However most Ripple is stored with a few of the owners and will only pay out in future for their benefit. However I choose to refer to that value in realising Ripple is likely far over valued vs its actual usage.
Ripple doesn't have a higher market cap than Bitcoin. Bitcoin's market cap $107 billion. Ripple's market cap (premine included) $48 billion. Ethereum's market cap $46 billion. IIRC, it happened once that Ripple actually surpassed Bitcoin's market cap, but that was during a pump that was never going to be sustainable. It has never meant anything, and people completely ignored it. Ripple's volumes are quite on the lower side. The following coins with far lower market caps have higher volumes: Litecoin. Bcash. Ethereum Classic. All useless coins.
|
|
|
I agree somehow that blockchain.info been known by most users when it comes to wallet and when it comes to explorer.
It's hard coded in my brain, which took me years to accomplish, lol. Despite all their bugs and annoyances they remained my all time favorite explorer. I however will be quick to adapt and get used to the new layout. It proves that regardless of how much better other explorers may be, and how many more features they have, people won't ditch the first mover. In this case the AOL of the .com bubble is still relevant and very much thriving.
|
|
|
Even if volumes were low, the launch of Bitcoin futures offers an opportunity for people to short Bitcoin. And even that threat could cause Bitcoin's price to fall as people might decide to sell.
BitMEX offers way better tools to short Bitcoin than anything else, but people somehow continue to ignore its role in this market. BitMEX's volume hovers around $3.6 billion for today. CME usually hovers around $75 million, where CBOE usually hovers around $40 million. In my opinion it's clear that the futures are distracting the attention away from the underlying problem, which is BitMEX. How do these dudes even cope with the manipulation? Whales could eventually empty their entire reserve of coins. Very interesting to look further into. It won't take long before regulators dig in.
|
|
|
One aspect I can't get enough of is looking at how altcoins are deflating badly. I don't mind seeing them bleed till there is nothing left of them anymore, but that's a bit too brutal for those invested in them. I'm kinda surprised how EOS is managing to remain popular amongst traders. The volumes it keeps pushing regularly top $1 billion, which is pretty insane if you think about how they haven't achieved anything yet. It's disappointment after disappointment, but the fools that people are keep acting like everything is gonna be alright. As the wolf of wall street likes to say, EOS hasn't run out of greater fools yet.
|
|
|
You do not have to double-spend or carry out a 51% attack on Bitcoin to undermine the confidence people place in it. If you have the capability to do so, threats will probably have the same impact. I doubt if that can be labelled illegal under existing laws.
We are experiencing how laws are changing rapidly to catch up with all crypto developments. I wouldn't be surprised if ever we reach a point where even minor hints of fraudulent activity can be dealt with legally. Good thing however is that there never will be a global law where everyone is subject to the same set of laws. Different countries means different laws, and that is the best possible advantage that we enjoy. It will probably take years before we have some clarity on how everything is going to be. Governments first need to properly understand what mining is and how everything around it works.
|
|
|
Hard for those people who had bought at all time high since the price is decreasing now. The thing that they can do is no other than holding this time.
It's hard only when you do something from which you didn't calculate the risks, and buying near all time high levels fits in that category. I don't really feel bad for people because only they themselves are responsible for that. Just because a bunch of noobs bought the peak the mainstream media tries to talk Bitcoin down, which is just ridiculous. They even dared to call them hodlers, which is an even bigger insult. People buying at near peak levels don't do that to hodl, but to flip their investment (more precisely said, gamble) shortly after at way higher levels. It's nothing more than stupidity of people blinded by greed.
|
|
|
The price crash was caused by some whale dumping on some Korean exchange
The western market doesn't care about what's happening in South Korea or Asia in general terms. The USD markets are leading as always. I don't think there will be a time where this will change. If people remember, South Korean exchanges were trading at a premium of $5000 months ago. If that market had any importance the western market would follow swiftly, but it didn't and we should be happy with that. Whales right now can play this market without anything forming an obstacle, and we see where that leads to. Let them have their moment of fame. We can't do anything other than just patiently wait for improvement.
|
|
|
Lightning Network is improving as well, but will take way longer to become noob friendly....
It's a multi-year project that we shouldn't expect too much from at this stage. Good thing is that people aren't spending their coins and without a bull run the network isn't and likely won't be clogged up badly. As long as we can keep that up, the demand for an immediate LN launch won't be there. The network right now is pretty fast. The average block time has dropped to nearly 9 minutes. Faster confirmations means less waiting transactions and very low overall fees. The fees right now are less than $0.01.
|
|
|
We don't know if you invested with Ripple will boom like that. How about if it won't, then you might regretting it.
XRP this year has experienced the best possible developments and announcements that they could possibly wish for, and it did absolutely nothing. People don't like that token or whatever category it is specified in. Its centralized nature and insane (well over 50%) pre-mine are too much of an obstacle to discard. Another thing is that the trading volumes of XRP have been declining for a very long period of time, which is alarming. If XRP ends up increasing then it will happen out of nothing and based on nothing. As easy as it will go up it will come down again. It's a horrible long term investment in my opinion.
|
|
|
I just signed up to the exchange as suggested by my friend, if it is a scam he could never suggest me. From this I believe this is one among the trusted exchange. Particularly issues arise with every exchange and the same might have happened with few users and for the same we cannot indicate it as a scam.
What is that for logic. I can use something for years and recommend it to a friend without knowing that it actually is a scam. I'm not saying HitBTC is a scam, because it likely isn't, but your logic isn't adding up. On the other hand, I do agree that people should stop calling exchanges a scam just because they aren't working as we expect them to work. We just need to accept how exchanges aren't able to meet our standards. We want the best, get a poor experience in the end, and we complain. This is how all exchanges are subject to the same complaints and user annoyances. Maybe it's time for people to use decentralized exchanges instead.
|
|
|
It's quite interesting to see how a well established media entity is willing to degrade itself like that. I can understand that they are looking to remain relevant, but they aren't shilly YouTubers.
Some times I see people comment under their articles and videos that they are tired of seeing crypto related news, and somehow I can understand it with how CNBC and others just act like idiots instead of professionals.
It's no longer who provides the best possible news coverage in terms of quality, but who spams the most crypto related nonsense as possible. CNBC is the obvious leader.
|
|
|
Even if the rich know about it, I think they would perceive it as some sort of speculative investment.
Makes sense. If we look at how the elite mostly is setting up their portfolio, they usually only allocate 1 to max 2% of it to speculative assets. They aren't keen on too much speculative exposure, which is understandable. Not everyone is as biased towards Bitcoin and crypto in general as we are. I can happily put the major part of my wealth in Bitcoin if I think it has reached a price low enough, which others would call me crazy for. As always the first get the most out of everything that's emerging, where later on if the potential is still there conservative gains is all that you can expect. Not good enough for speculators here, enough for the elite.
|
|
|
While some form of a recovery might happen, we can't discard another leg down afterwards. The support around $6000 was tested and breached, which isn't really that positive.
Maybe we'll see one more attempt before the bears have used up all their ammo. Either way, just wait until the market becomes green again. There is no point in stressing about what's happening.
Currently we're still up +100% from the price last year, which is still a more than reasonable margin. Accepting bull runs also means accepting the corrections happening afterwards.
|
|
|
Instead of jumping in BTC right now, I will prefer to buy after the price get to 6500 dollars to be safer.
It depends on what your target is. If you plan to hodl for the long term, and I mean actual long term, then buying currently is the best possible option. It makes no sense to wait if your target is clear. What difference does a few percent make when we at some point hover over the $100,000 mark? No difference. People turned bearish but these cycles are normal and temporary of nature ~ we'll turn sooner or later. Just like it can't keep going up endlessly, it can't keep going down endlessly. Sellers are close to exhausting their resources and that's when we'll be going back up again. Patience is key.
|
|
|
I can imagine how in the future criminals would be mugging Bitcoin users and robbing stores that accept Bitcoin, because it would be better for them than bank, since Bitcoin will always have some degree of anonymity and will always be irreversible, unlike banks.
Most merchants aren't dealing with Bitcoin anyway. All that happens when people use Bitcoin to pay for goods is that services such as BitPay convert it to fiat and have it sent to the merchant's bank account. Even in case merchants do accept Bitcoin directly, they can choose to store their coins elsewhere. No one will ever find out where the merchant in question has set up its wallets. The only entities being in some form of a dangerous position are the users. If whatever ill minded person sees how you pay with Bitcoin in a store, he can follow you and demand your coins in a not so friendly way.
|
|
|
So Short whichever coin you're most familiar with, take half the profit and tether, then invest the other half in promising new coins.
I always wonder whether or not people fear holding Tether with the underlying thought of it becoming worthless if it doesn't turn out to be backed. It's actually a very important factor to take into consideration. I wouldn't feel good selling my coins for something that might be totally worthless in reality. You can't even cash it out to fiat yourself without going through verification, which is another major downside of Tether.
|
|
|
Wait for your next paycheck to buy the dip.
I am not yet interested in buying but I will once we come close to $5500 in the coming days (or maybe hours). It will probably be a night without much sleep for traders with everything that's going on right now.
I'm really glad I stick to hodling instead of actively trading. I can just calmly do my thing without stressing about what's going on, neither should others do not interested in trading against the volatility.
|
|
|
Current fee structure suits me extremely well. I don't mind having to pay more based on how congested the network is, and how much priority I think my transaction has. I don't always need first or second block confirmations.
As long as there is no spam attack, the prices for transaction fees are quite reasonable most of the times. During peak usage you just need to be okay with higher fees. No need to complain or anything.
The highest fee I paid during the massive spam attack last year was like $30, but it was well worth it since it was a transaction to an exchange to cash out. With a looming massive correction every minute counts.
|
|
|
|