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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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I wonder what really triggered the price of bitcoin to dump this hard. From its ATH of $65k to $30k, that is already more than 50% dump. I don't think Elon Musk is the only one responsible for this because I often read people only blaming him. It's like ghost month came earlier than we expected.
And also, if institutions and many people are buying this dip then who are these people selling their bitcoin all the way down to earlier's dump. If these people are new to crypto and are panic selling, can it really drive the price this low?
I think that the panic selling,caused by Elon Musk had a "snowball effect".The panic created even more panic. Lots of stop loss orders on the crypto exchanges increased the selling pressure and the people,who want to buy the dip are waiting for a lower price.I think that the price had stabilized a little bit at 38-40K USD,but this might be temporary,since we don't know when Elon Musk will start again tweeting BS about Bitcoin. The current price crash showed us that the Bitcoin price was pumped from 30K to 65K by one guy and the same guy dumped the Bitcoin price back in the 30-40K price range. |
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This ain't gonna work,because nobody cares.
Do you really think that the majority of the people actually care what kind of energy is being used to mine Bitcoins?Do you think that Elon Musk didn't knew anything about BTC mining,before he bought BTC?
The people only care about prices,making money and getting profits.Nothing else.The "environmentalist" activism is just hypocrisy.
The FUD didn't sabotage the Bitcoin experiment,because the Bitcoin Core blockchain is still safe and sound.
A Bitcoin price crash is what it is-just a price crash.
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I'm beginning to think that 2021 is going to be the same as 2018/2019 for Bitcoin.
The price will keep falling from the ATH and we might face a "crypto winter",just like when the BTC price was 3-4K USD,during the winter of 2019.Eventually,the market will recover for sure,after all the Elon Musk FUD madness goes away.Whoever HODLs Bitcoins for the long term will win.A lot of newbies,who bought BTC at 50K USD will lose their minds,sell everything and leave.
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There are youtubers publishing content on their gold panning and prospecting adventures.
It seems that it is possible to collect $500 to $1,000+ worth of gold in a single day this way.
Am I right in thinking this is a more profitable, reliable and stable gold play than throwing money at gold ETFs which could be fractionally invested in paper gold.
You can make 500-1000 USD per day,only if you are extremely lucky and you know what you are doing. This is definitely NOT a stable and reliable income. Gold ETFs and paper gold is just betting money on the future price of gold.This seems less time consuming and you don't travel around the country,searching for gold. People,who have lots of energy,motivation and free time can do this,most of the people are just lazy or too focused on their 9/5 jobs. |
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The Bitcoin supporters should stop acting so butthurt about Elon Musk. Ignoring him is the best option.Hating on him or worshiping him as if he is some sort of techno god is the wrong approach. Please, unite against this guy, dump DOGE, and pump BTC now that he has sold his stockpile, put him to shame and show the world that crypto is (still) a real revolutionary movement.
Nobody is going to unite,just because you want this. The greedy traders will keep buying doge to make profits.They don't care if dogecoin is a shitcoin or not.They only care about the profits.Can you blame them for that?Most of us are here for the profits as well. |
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Mass production of electric cars will drive the demand for electricity thru the roof.
I wonder where the crypto miners will find cheap electricity?Perhaps solar and wind energy will become affordable,after 5-10 years.
I've never considered investing in oil.I believe that oil is a non-renewable resource,which means that it will become more scarce in the future,and we don't be dumping our conventional cars anytime soon.
This means that oil prices won't be going down soon.
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I'm optimistic about the long term future of Bitcoin,but the current market price might turn into a nosedive.
Everyone will wait for the price to go lower,in order to get cheaper Bitcoins,so most of the traders won't be buying BTC soon.The lack of demand and the selling pressure,caused by the FUD will lead to a bigger price drop.We all know that Bitcoin won't disappear,but many people simply don't want to hold a financial asset that has a decreasing price.
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It is so awful! I don't want that to happen. China banned bitcoin, which had a huge impact on the global bitcoin market. Bitcoin price has plummeted without brakes. Many investors are bankrupt, they are trying to sell their bitcoins as soon as possible. I think bitcoin will have an overcast sky in the near term. You should be careful while investing in bitcoin for the time being.
You should read the news,before making mindless low quality posts,just to boost your post count. China "banned" Bitcoin 4 years ago.They cannot ban Bitcoin twice.This news is just a reminder that Chinese financial institutions cannot get involved into cryptocurrency trading or investments. We are heading towards a 30K USD Bitcoin price,but that doesn't mean that "many investors are going bankrupt". Smart investors will HODL and wait for the next bull run. |
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Can somebody explain to me why betfury.io is so slow?
I've tried using the website on both my PC and mobile device and the website is really slow.
The faucet is a pain in the ass.After successfully solving the captcha,I click on the withdraw button and nothing happens.I tried the use the faucet several times without success.
My internet connection definitely isn't slow.Perhaps the webpage has lots of images and video.
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I hope this pans out like all your other "easy calls". $50k is overrated anyway. $100k is what the cool kids are aiming for.
Wow,how come 50K USD is "overrated" and 100K USD is not? Anyway,the current Bitcoin price is 45K USD,so we are pretty close to 50K and we might be heading towards a price recovery back to 50K,unless Elon Musk is not in a good mood.... Yeah,BTC is "dying".Bitcoin has been "dying" for the last 10 years.Every time the Bitcoin price goes down,a bunch of people always says "Bitcoin is coming to an end". Let the prophets of the BTC apocalypse keep preaching... |
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Today is starting optimistic in market and all Cryptos got positive sense , so is it end of story of these days nightmare or Elon Musk tweet again to lead the market any where he wants. In the other hand there s too much Elon heard so may the market would not respond to him further more. Let me what you think ?  It's too early to decide whether or not the price correction is over.We will have to wait for at least one week. The market will keep responding to Elon Musk tweets for sure.The newbie panic sellers will dominate the market for a while and all the "bears" will be happy to make more profits and to keep buying cheaper Bitcoins down the road.I'm not optimistic and I think that the bloodbath will continue,but I will keep HODLing my BTC. |
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We know this already. Just stop making posts about Elon Musk.There are hundreds of posts about him on the forum in the last few days.Gosh,can't you just stop giving him attention,people? Should we change the name of the forum from bitcointalk.org to wehateelonmusk.org? Just HODL and everything will be alright.People,who panic will lose money,but that's their mistake. I don't think that all the hate towards Elon Musk will stop him from manipulating the crypto prices. |
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How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?
Don't you know the hidden rules of the cryptocurrency community? Price goes up-Market manipulation good. Price goes down-Market manipulation BAD! I don't know if whether or not tweeting sh*t about a financial asset(and dumping it's price) is truly illegal. Elon Musk is just expressing his opinions,of course,they are just trolling and BS,but he has freedom to say or write whatever he wants. The problem is that many people took his tweets as some sort of financial advise,so they start panic selling their Bitcoins or massively buying Dogecoin.It's not his fault that so many people are taking his BS so seriously. |
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Musk pumped Bitcoin price.The Bitcoin community-"Elon Musk is awesome" Musk dumped the Bitcoin price.The Bitcoin community-"Elon Musk is a jerk" This is kinda funny.At the end of the day,it's all about the Bitcoin price,not about blockchain technology or Bitcoin adoption.It's all about the price. A petition against Musk won't change anything.I was never really a Elon Musk fan,but maybe he is trying to tell us something,with all his trolling over social media.Something about the toxic nature of the crypto industry-Everyone is so focused on the prices.The crypto industry is basically "casino capitalism". |
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