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the answer to this question irregardless of time for most people is YES.
because most people are looking for a solid and more of a long term investment and whether it is in the dip last week, today after the rise or 6 months from now on an ATH,... it is a good time to buy bitcoin. to enter if you want to call it.
and the answer will remain YES as long as bitcoin is not yet at the mass adoption stage. and we are far from that day. so you have a lot of time when price "creeps up" even if you think it is fast but it really is not! instead it is a slow rise up compared to what we have in the future.
that is why I always call bitcoin rise and S shape chart. where there is a slow rise for a long time (these days and the near future) and then it speeds up drastically to become almost vertical (far away future) and then it reaches a high price and becomes slow and stable.
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they just publish whatever they want according to things that are going on!
for example if bitcoin is rising, as in being in a rally and everyone is happy about the rise, then they will publish something encouraging that is according to the majority's feelings. they call bitcoin the breakthrough of the century and talk about how it will be 1 million dollar soon.
then if the price stops rising and a fall takes place, all of them change stance as fast bitcoin price changes direction. then the articles change from what it was before to: bitcoin is fraud and is dead. and they start talking about how it is waste of energy and money and they will predict the drop to $10 soon.
... it is all bad journalism. sometimes even they do it on purpose because they have some investment at risk.
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it depends on the broker!
I admit that I have never checked any of them that are involved in cryptocurrencies and they are not that famous either. this makes trusting their services pretty hard. and when bitcoin is involved (an irreversible transaction) you can not easily trust anyone while online.
most people go to exchanges because they are easier to trust, not that they are 100% trustable but still because of their long history it is easier.
and of course there is the issue of fees and the flexibility that you have when using exchanges instead.
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the "sign" to resume another upward movement was when price was "pushed down" below $3000 resistance and did not last. it showed clear as day that there is a big demand for bitcoin even though there was a lot of FUD back at that time. and the upward movement was towards this $4000 mark.
I am still skeptical of further rise. if I see $4100 be broken and price stays above it for long enough, I take that as a sign of next rally and then I would expect $5000 resistance be tested too. otherwise we will stay here in a $400 up or down range.
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there are countless stuff that can become FUD but the important factor of a good and effective FUD is timing. there needs to be some facts that become exaggerated and that becomes the FUD which causes the drop. the timing has always been "AFTER" the major rallies. each time price rises significantly there is also a significant FUD campaign right afterwards. it doesn't have to be China, it doesn't even have to be related to bitcoin! it was China banning ICO, then closing exchanges then JP Morgan bullshit. previous one was after the previous rally and it was about bitcoin split and die before it was something else I forgot  before it was ETF rejection by the SEC before it was another China banning bitcoin (they banned it so many times according to the FUD). before that it was Bitfinex being insolvent, closing, banks blocking it,... last year it was bitfinex getting hacked and it was the end of bitcoin (according to FUD) before it was Russia banning bitcoin .... |
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right now we have another unpredictable market. of course the chances of a rise is higher than anything else but when things are like this you can not predict the short term fluctuations. the only thing you can say is that market has tested the bottom and it didn't last. and now price has recovered from that bottom trying to find a new one to stay above it.
without all the FUD and the widespread media attack, bitcoin price should have been stabilized somewhere around $4500 by now but there is still some pressure from these sources that can keep it down with the uncertainty that exists.
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I wish someone counted the times China has banned bitcoin. the number is lost throughout history. I have counted 4 times already that the Chinese have allegedly banned bitcoin and each time it affected the price greatly like this last week. of course each time it was a stupider FUD than the last. but the effects of the FUD have always been the same: https://bitcointalk.org/index.php?topic=2187358.0and it always disappears after a short while and bitcoin goes back to normal and starts rising even faster than before! because everyone has gotten a lot of profit and the FOMO begins when price rises and everyone accepts that it was really FUD. |
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does this chart look familiar to you?  no this is not the current chart, it is old. belonging to more than 6 months ago.  now lets fast forward to today:  same story, same dip, same people panicking and same other people buying their coins with a wolfish grin on their faces  I leave finding the rest of the times China "banned bitcoin" to you. there are at least 2 more... |
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it is all about more regulations and making things more legal regarding these big exchanges that are in fact dealing with large sums of money. money or fiat that needs to always follow the regulation rules and also always needs to be in the hands of licensed businesses not the unlicensed and illegal ones.
the funny thing is that Chinese government has been transparent about it from the start and they even said the OTC trading of bitcoin and other cryptocurrencies is perfectly fine but they can not allow these unlicensed exchanges to go on working.
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I am just going to say this: calling bitcoin bubble a million times does not make it a bubble. Nope, we back in the bull market again cos it seems the FUD about chinese is fading away. The only way is up for bitcoin and altcoins.
the FUD is already priced in and this is the beginning of the week and everyone is back on the rally wagon to the moon. price is currently testing the old $4000 resistance. we shall see what will this day bring us. but I can say with certainty that the down trend is mostly over. |
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I have seen a couple of wordpress plugins which you can find easily with a search. I have never used any of them since I never felt the need. you are not asking for payment to want to generate a new address each time so your job is super easy. you just have to show them your address (bitcoin or anything else). and for that simply put up your QR code which you can create using any tool online (string to QR thing) or simply go to one of the block explorers like blockchain.info and save the QR image it shows on your address page. you can also use bitcoin URI scheme or BIP21 to place a clickable link on your website so that users can automatically open their wallets by clicking on it. like this: testing BIP21 linkread the details here: https://github.com/bitcoin/bips/blob/master/bip-0021.mediawiki |
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if you want to invest in bitcoin then it is a lot better to instead get paid in bitcoin because simply that will remove additional steps that you must take to buy it. for example if you do jobs that get you some money or even your salary, if you can get them or a part of your salary in bitcoin, it means you don't have to go on an exchange take the risks, sign up, and pay fees to buy bitcoin. you just have bitcoin directly as your investment.
the disadvantage of this is the fact that you can not choose the price you get paid at. for example you may want to buy bitcoin in the dip like what we had recently because of FUD @ $2970 but when you get paid, you may get paid @ $3500 because that is the market price of that time. but this usually is not a serious thing for 99% of the time.
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Can someone explain to me why china is trying to ban bitcoin.?
it is impossible to explain something that is not happening. it is like asking "can someone explain why sun comes out of north"  what China did was close down illegal businesses working in form of exchanges that were also laundering money and did not have any kind of license for operating. |
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it is like trading anything else. people need some place to meet to be able to trade with each other. it is like a bazaar that buyers and sellers meet each other, an exchange is like a modern version of that. they provide a platform where people do the trades and then the exchange takes a fee because they have provided that place/platform for them.
if that platform is decent, with nice features, with high security and no shady business in the background then it will grow and become trusted. but bitcoin and altcoin exchanges are usually not regulated so they never are 100% safe. we can only trust them so much before they betray our trust like they have already did multiple times and ran away or got hacked.
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there is an option that "you" can freeze your funds yourself but I am not getting into that now because this is not what you ask.
It is exactly what the topic is all about hmm! but you asked how the client can ask the wallet provider to block/freeze your money. maybe I am just confused anyways, this is what I had in mind: OP_CHECKLOCKTIMEVERIFY https://github.com/bitcoin/bips/blob/master/bip-0065.mediawikiwhen it is used, it makes a transaction unspendable until the time is reached. effectively it freezes the funds for a specific amount of time. but it freezes a transaction output. there may be wallets with this option, but the only tool that I know of is this: https://coinb.in/#newTimeLocked |
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While it looks and sounds good on paper, this is not what happened with near 90% certainty. JPM Europe division didn't buy Bitcoin ETN's for their corporate accounts, they bought them on behalf of their clients. JPM is an investment bank with millions of clients purchasing from all over the world. They are smart enough to know that if they directly manipulate the price of something that is tracked by ETN/ETF and then purchase said ETN/ETF, they are directly manipulating the price of the ETN/ETF itself which is a punishable offense. The amount of profit they could make off of that would be dwarfed by the lawyer fees, fines, & PR nightmare that would come from doing something like this so blatantly. We are talking about people whose job it is to manage risk, if they are going to manipulate something they aren't going to do it with the subtlety of a baboon... It's way more likely that the purchase was on behalf of clients. JPM might have an opinion about something, but that doesn't mean they stop their clientele from buying that something. You are free to be stupid with your own funds after all, just don't expect Jamie Dimon to hire you. Jamie Dimon is probably laughing at us right now saying "Bitcoiners just double down on their own stupidity" because of this narrative, it shows that the vast majority of users here are completely unfamiliar with the workings of an investment bank, or investing in general. ok, but why the perfect timing? how would you begin to explain that? JPM didn't shape up yesterday, bitcoin didn't start yesterday either. they both have been around for many years and both have been relevant many years and in the media. bitcoin price rises, it reaches its end of rally and slows down. there is a lot of speculation about big corrections and everyone is waiting for a drop (to correct). then the China drama starts and market changes direction to go down drastically. then out of nowhere JPM CEO talks about bitcoin in a negative light and price falls harder... I don't know about everyone else but I don't call this a coincidence! |
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So out of 30 votes, there are 10% who don't even understand the investment they are in. Why people fail to understand the potential of cryptocurrencies and what market they are disrupting. If these small rounds of negative news are enough to panic them, then they better say goodbye. Cryptocurrencies are targeting a billion market of internet users. Potential is way too high. Price will definitely increase in long term. We should understand that we are lucky enough to get Bitcoin at still an affordable price.
polls like this are mostly unreliable because people may mistakenly vote for something else, people may troll and also there are always a lot of FUDsters alone who will vote the only option that helps their FUD. you think someone like KuwkDuck is going to vote for good buying opportunity? of course he will spread FUD and he is not alone. in any case the dips like what we saw 2 days ago where price went below $3000 to test was the best thing anybody could hope for an investment chance. it is like the previous times when a dip like that happens. it only lasted a couple of minutes and soon after the fast rise started and price was $800 higher in minutes. |
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a bitcoin wallet? No, there is nothing a client can do to freeze "your" funds. when using bitcoin you are in full control of all your money. there is an option that "you" can freeze your funds yourself but I am not getting into that now because this is not what you ask.
BUT, people usually call things that are not a wallet as a wallet by mistake. services such as Coinbase or for example an exchange are not bitcoin wallets. these can freeze your funds because they are not wallets, and you have no control over anything. you just have an account with a third party that can do whatever they want with "your funds" because they control it not you.
in short if you control the private keys you control bitcoin. if not, the person/service that has control over the keys controls the funds.
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After the fall due to china ban , Bitcoin has dropped on short term basis .
China never banned bitcoin. it never even banned anything else remotely related to bitcoin! and bitcoin price drop was not at all because of China and what they did. it was because of the FUD and panic that was spread in disguise of China news. Can it reach up to $5000 again without China ?
sure it can. the FUD can not last forever and the idiot weak hands have limited amount to panic sell. they will be flushed out of the market and then everyone else remaining will take advantage of the low price only. by that time it will be a competition over who can buy cheaper and faster before it is too late. |
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there are a lot of big players in bitcoin, many of them with a lot of power and they surely try to take advantage and do their best to benefit as much as they can from bitcoin. we must not let them. instead of dumping to their pockets we must use our brains! if you can not afford then don't invest in bitcoin in first place. panic selling is just giving more power to whales like them. they become richer each time you panic and sell underpriced. but if next time instead of panic you buy at the bottom the whales become smaller because they have to buy at a higher price then.
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