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Definitely yes!
What else do you expect from a financial asset that has a limited supply and really unstable demand.
The BTC market is going between FOMO and FUD.There's no stability.
This boom and bust cycle is a great advantage for all the crypto whales,investors and gamblers and a big obstacle towards mass Bitcoin adoption.Small businesses want a stable price,in order to accept BTC payments.Spending a currency,that will become way more valuable tomorrow is nonsense.
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A 10% loss is nothing in the crypto world. You could just do a google search about the recent events in the crypto world,instead of creating a forum post. From what I read we werent in a bubble, I even remember seeing coinbase commercials in the hospital bragging about how BTC was going up and up. I was surprised that coin base got that big, but based on the fact they "lost" some coins of mine and I have been emailing cust serv for four months with no reply, really should be able to afford some really good commercials. If you cant trust coinbase who can you trust? Commercials are just over hyped.You should never trust commercials. Coinbase is a company and Bitcoin is a currency.Coinbase will keep making money,even if the Bitcoin price gets below 10K USD.Their revenue and profits doesn't depend on the Bitcoin price or other cryptocurrency prices.I'm sorry that you lost some coins.I really hope that the Coinbase customer support will solve your problem. |
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We exited the bear market earlier than everyone expected. The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.  I don't think that this is an actual bear market.It's just a price correction after "the Elon pump&dump". There was FUD coming from China and from different places,but the Bitcoin price is stable at 35-40K USD,so the FUD doesn't work anymore.However,this might turn into a bear market,if there's no support for a price above 40K USD.Many people will get tired of waiting for a price recovery back to 40-50K USD,so they will decide to sell their BTC at some point. |
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I appreciate all the companies that adopt Bitcoin,but we shouldn't pay much attention to this news. A company with 1000 employees allows them to get a relatively small part of their salaries in Bitcoins(only if they want to).Damn,such massive BTC adoption will bring the BTC price back to 60K for sure!  This happens,only because the company CEO heard some employees "talking about Bitcoin". This is hilarious. |
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Supporters believe that investors believe that Bitcoin is an effective tool for hedging inflation in the context of global central bank releases. Opponents believe that investors are chasing Bitcoin too fiercely, and a speculative bubble may have formed. Do you think Bitcoin crash is an opportunity to enter the market?
BTC supporters actually don't know what the investors are thinking about Bitcoin. Some investors might be thinking that Bitcoin provides protection against inflation,other investors buy Bitcoin only because of the expectations to get huge profits.A very small amount of investors buys BTC,because they believe in the future of blockchain technology. The "Elon Musk bubble" is over,so I hope that no new bubbles will be pumped in the next few months. Yes,this is a good time to join the market. |
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If the global governments around the world start a war against crypto,the cryptocurrency prices will drop 10x or even more.The current Bitcoin price is somewhere around 37K USD.If the US government begins a war against BTC,the price will drop below 1K USD for sure.
Jogn McAfee is talking about financial independence,but nobody can't use a cryptocurrency exchange without KYC verification.You can't buy and sell cryptocurrencies without KYC verification.Is this "financial independence"?
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There is many More better blockchains with much better use Cases and utility.
ETH is one of biggest.
Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.
So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.
So to Say to take money from people and scam them.
Yeah,but the ethereum price has the same pumps and dumps as Bitcoin.Do you think that the ETH price is stable? Do you know how many people own the majority of ethereum in existence?ETH is owned by a bunch of crypto whales as well.Can you mention a few areas where ethereum is more useful than Bitcoin?ICOs?NFTs?DeFi? Don't make me laugh.ICOs,NFTs and DeFi are just a scammers paradise. I don't even want to comment on your claim,that the ETH blockchain is better than the Bitcoin blockchain. This simply isn't serious. |
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As we talked about in the previous article about the problems of bitcoin miners in Iran( https://bitcointalk.org/index.php?topic=5338536.msg57043573#msg57043573), in the new news that I have received, the government has officially asked the people to stop bitcoin mining and turn off the machines and they will be dealt with legally. https://s19.picofile.com/file/8434554918/1.mp4.htmlInterestingly, they recommend that the digital currency market probably disappear and do not take risks or invest.(WTF  ) Even legal miners should turn it off as soon as possible. Strange opposition to the bitcoin world still continues. Iran was never a crypto friendly country.What else do you expect? I remember that there were news about Iran creating their own cryptocurrency,in order to avoid US sanctions. I don't know what happened with this project,but creating a centralized shitcoin doesn't mean that Iran is a cryptocurrency friendly country.I assume that there are deficits in electricity supply,but I'm familiar with the situation there. |
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Why are people busting out about the fact Elon and Saylor are talking with minders about reporting their energy mix?
This can only be good for reporting North America’s Bitcoin mining footprint?
And about “centralizing miners”, only large huge miners have a chance at getting a block so it’s already conglomerates mining. How decentralized is mining really? That can’t be the reason. Thoughts?
Is there a "North America Bitcoin mining footprint"?How many Bitcoin miners are located in North America? Elon Musk tries to look "green" and "environment-friendly" again.I guess that he conveniently forgot about Bitcoin mining,when Tesla bought 1.5 billion USD worth of Bitcoins.What a hypocrite. BTC mining is decentralized,because there's no monopoly.The size of the miners doesn't matter.If one big miner gets out of the mining industry,the mining difficulty will get adjusted,so I don't see any problem. |
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We all know what goods and services Google,Microsoft,Apple and Amazon are producing. What goods and services is Bitcoin currently producing? Those companies have revenues and costs.What are the revenues and costs of Bitcoin? All those stocks,that were issued by those corporations aren't scarce.I'm sure that Google,Microsoft,Apple and Amazon can issue way more stocks,so their price will go down.Bitcoin is way more scarce than stocks. What the Bitcoin community(with the help of people like Elon Musk) has achieved is great,but should we really compare BTC to stocks? |
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I sometimes wonder whether Bitcoin has established a religion.
Those of us who are fixed holders of Bitcoin are believers of Bitcoin.
Those who try to eliminate or replace Bitcoin are heretics or atheists. What is happening now I want to call it a religious war
In this way, Satoshi , the creator of Bitcoin, can be called a god. He changed the order of the world and brought revolution.
Bitcoin maximalists can get a little bit fanatical sometimes. I don't mind Bitcoin having it's critics,but I hate the pointless FUD,that has a hidden agenda behind it. I don't think that anyone is trying to "eliminate or replace" Bitcoin.Maybe Roger Ver and Craig Wright were trying to replace Bitcoin Core with their own version of Bitcoin,but that's another case. Most of the Bitcoin HODLers simply know,that Bitcoin is a scarce asset that has an increasing demand,which means that Bitcoin can only get more valuable in the future.This isn't a religion.This is just facts and logic. |
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Two months ago, Tesla announced that it accepts Bitcoin payments and since that time I haven't seen any analysis showing the number of successful transactions that have taken place or any story of a person buying a car using bitcoin.
Does anyone know how much coins Tesla got from accepting bitcoin?
Probably close to zero.Spending Bitcoins during a bull market was a dumb move.Nobody is that stupid. I actually doubt that Tesla allowed BTC payments for their cars.This was just an idea,that was used to pump the Bitcoin price.I'm not sure that Elon Musk was sincere about accepting BTC payments. Maybe it was just a pump&dump,organized by Musk,or maybe the government told him to cancel this idea,because Tesla might not get any regulatory credits. |
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I know that you are joking,but there's no proof that the 2020 stimulus checks pumped the Bitcoin price.
It was the institutional investors,like Grayscale,Microstrategy and Paypal,that pumped the Bitcoin price in 2020.Elon Musk/Tesla pumped the BTC price in the beginning of 2021.
You should also keep in mind two more things:
1.There will be no more stimulus checks.The US economy will open,as the vaccination continues.
2.The Bitcoin price kinda stabilized at around 35K USD,so the price drop isn't continuing for now,despite all the FUD coming from China or other places.
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If you really know how to make the crypto markets a better place,then why don't you just create your own altcoin and promote it?You can't change Bitcoin by just connecting with a few people here and there.You can't find and talk with Satoshi Nakamoto.
Yeah,it sucks to be in a bear market,but we've been in a bear market before.Man up and stop whining.
Good times will come and to,bad times will come and go as well.
You cannot save crypto from Elon Musk.Nobody can.
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Sooner or later China will ban cryptocurrency mining for sure.The question is when it will happen.
Another thing that makes me wonder is why the Chinese government didn't ban crypto mining years ago.
Maybe the companies like Bitmain are selling lots of mining hardware and making lots of money,so the government doesn't want to destroy Bitmain.
We have to be prepared for the mining ban.The party might be over and we will never gonna see another 60K USD Bitcoin price.I don't want to spread FUD,but we have to know that such possibility is real.
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Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?
When someone bought BTC at 50K and the price drops down,hodling is a better option than just selling all his Bitcoins at a lower price.At least,he will have hope that some day,the Bitcoin price will hit another ATH above 50K USD,and he will sell and take the profits.The Bitcoin price will hit another ATH for sure.The question is when it will happen.Maybe after several months,or maybe after a few years. |
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Yes, a winter of 2-3 years is coming, if you don't believe this you will lose all your money, you need to understand how to play this game, holding is just a good idea if you really don't care about the invested money.
Bears are in control.
I wouldn't call the current situation on the crypto markets "winter".I don't believe that the price will return to the 64K ATH anytime soon,but a price between 35K and 45K is OK for me. Crypto winter will truly come when the Bitcoin price drops below 10K USD.I don't see this coming,but there's a small possibility that it will come.You never know what will happen on the crypto markets. 3 weeks ago,everything was FOMO,now everything is FUD.Maybe we will get back to a FOMO phase after a while. |
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It's a well known fact that the banking system consumes way more energy than the Bitcoin Core blockchain. But the banking system has way bigger scale and it's accepted globally.If Bitcoin was as adopted as banking services,the energy consumption of the blockchain might be way bigger than now.The BTC price might reach 500K-1M USD,so mining will be profitable and way more companies will start mining BTC,which will lead to more energy consumption. However,this doesn't change the fact that Elon Musk is a massive FUDster. |
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Is anyone really interested in what banks think about crypto?
Yes,the crypto traders are interested,because such news might help for pumping the crypto prices back to the bull run. Anyway,the banks will never become true supporters of cryptocurrency.They just want to gain new customers and make more revenue and profits,which is perfectly fine,but the government/FED will hit them real hard,if they decide to truly embrace cryptocurrencies. |
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The fact TSLA is valued more then all the auto manufactures combined is absurd. You're naive to think big auto is just going to sit on the sidelines. Big auto has the infrastructure and production lines to mass produce fully electric vehicles for a fraction of the cost of a TSLA, something TSLA will never be able do. Ford is already leading the charge with the F-150 Lightning and converting old factories into fully electric vehicle production plants. TSLA is just as overhyped as Elon Musk.
We already know that.Tesla is profitable only because of the regulatory credits. I wonder how the Tesla stocks increased their price more than 10 times for 3 years.This must have been some sort of market manipulation.Bitcoin isn't the only financial asset with a manipulated price,I guess. I think that the only competitive advantage of Tesla aren't the electric cars,but the Li-ion batteries. I also think that not only Tesla,but electric cars in general are over hyped. |
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