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321  Economy / Speculation / Re: Bitcoin halving 2020 prediction on: December 01, 2019, 08:04:11 AM
There have been 2 havling events in the past. The first one resulted in BTC increasing in price by 80 times in about a year, and the second resulted in a +25 times price increase in about a year and a half. actually it usually starts climbing about a year prior to halving, then dips slightly right after halving, then starts a gradual rise from there, ultimately ending in a parabolic bull run about 12–18 months later. Most of that happens in the last 30 days, and most of that happens in the last 10 days. But obviously the fact that the past was bullish after halving does not necessarily imply that it will be also with the next halving.
322  Bitcoin / Bitcoin Discussion / Re: How to safely store big amounts of BTC? on: December 01, 2019, 07:42:30 AM
Might you call me old fashioned but the best way to store is on multiple encrypted paper wallets, backed up to a regular old hard drive which you control and encrypt and never expose to the internet. Then back it up a few times over. Even if found, yours keys will be encrypted with a strong password. This way you are relying on nobody but bitcoins native cryptographic algorithm.
323  Bitcoin / Bitcoin Discussion / Re: Was Hal Finney the real Satoshi? on: November 30, 2019, 04:42:42 PM
Hal has always been my first candidate for who Satoshi is. there are a lot of details supporting this theory. for example, he's a cypherpunk and had contact on Crypto circles before Bitcoin. Hal had a neighbor called Dorian Nakamoto, but had Satoshi as first name. I think he "stoled" this name as alias. further Satoshi disappeared a little before Hal entered the last phase of it's degenerative illness and the first transaction from Satoshi went to Hal. I think Hal created the masking identity to decrypt himself and introduce Bitcoin from the safety of relative anonymity, simultaneously supporting Bitcoin as himself.
324  Economy / Economics / Re: Top Three Emotions to Check to Succeed! on: November 30, 2019, 01:20:25 PM
Greedy is most important one but I think this is a natural response and a basic part of our psychology. It doesn't matter if intellectually you're satisfied with your life, the reward centers in your brain see excess resources, and it doesn't matter if those resources are bitcoins or money or a fresh kill of meat by the campfire. It's easy street for your survival instincts and that creates a chemical reaction in the pleasure centers of your brain. I don't have a lot ideas how to avoid it.
325  Bitcoin / Bitcoin Discussion / Re: Have you ever purchased bitcoins using eBay? on: November 30, 2019, 12:57:24 PM
The fees are ridiculous.To buy 9USD worth of BTC,you have to pay 14USD via paypal.
It's weird that those people actually have sales.
No one should buy BTC on eBay, but not every seller is a greedy. I've sold on eBay several times, except in some cases that disputed charge on paypal, it's always gone smoothly. People are willing to buy at higher prices on Ebay to avoid the inconvenience and security issues of getting them through an exchange. I don't think I'm screwing them by providing that option, and they're certainly not screwing me by buying at 5-15% over market value. As a recommend if you are going to buy BTC on eBay always check the seller's feedback and take screenshots of everything.
326  Bitcoin / Bitcoin Discussion / Re: 61% of Bitcoin hodlers could sell at a profit on: November 30, 2019, 12:26:23 PM

What is hodling?

So, what exactly is hodling? According to eToro, to hodl is to “to hold on to your coins, even when the market dips, rather than sell up and cash out.” If you don’t have a lot of time for trading on your hands, this is most likely the strategy for you. Some of the most successful Bitcoin hodlers include the Winklevoss Twins, Satoshi Nakamoto (the founder and creator of Bitcoin), and exchanges.

In my dictionary Hodl gives another meaning. true Hodlers don’t care about the price. BTC can be $10,000, $1,000,000, or even $1, I will still Hodl, forever. It means Hodling until I don't deal in fiat paper money ever again. However, for a lot of Bitcoiners out there, Hodling depends on how much profit is enough for them, so everybody is different. Some people question of a bubble so they will HODL and cash out a little bit after every run. Some people Hodl until the value of your holdings gets to a psychological level which is different for every investor. Either way, whatever kind of Hodler you are, it is a good strategy in Crypto because long term investing will always beat short term trading due to capital gains taxes. So leave your savings on BTC that you feel comfortable with.
327  Economy / Speculation / Re: Can bitcoin readh 10000usd this year again? on: November 30, 2019, 09:30:30 AM
I most certainly say that it can within the next few weeks. Right now we are going through a big correction when you consider the $14,000 that was attained not long ago. Further we are just going through a FUD stage where it all began with bad news from china. but don’t worry about these momentary dips, Bitcoin has much more to give. with the trend bitcoin is taking presently, we may see bitcoin price at $10,000 in early 2020.
328  Bitcoin / Bitcoin Discussion / Re: Preparing for a recession... Gold or Bitcoin? on: November 29, 2019, 09:16:08 AM
I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold: https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/
Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
I think bitcoin is not going to be negatively affected by a recession since it's an uncorrelated asset. It’s performance is not directly tied to corporate earnings and interest rates, etc. my personal opinion is that Bitcoin is anti-fragile and it gets stronger every time it survives from stress and chaos, because every time it recovers the more confidence people have in it going forward. Bitcoin is not the same bubble like most stocks. Most stocks bubbles burst and they never recover but Bitcoin recovers and is twice as strong.
329  Economy / Speculation / Re: Warning! Here's Why BTC is Set To Fall To 3000 or Lower! on: November 29, 2019, 09:03:09 AM
Most people like OP usually buy stuff at the wrong time, and then sell what they should keep, and then they lose everything. As a tip when you're worried and start to become emotional about your investment, you will end up making poor decisions. If you need the money, sell, and find a more stable investment. If you're just greedy, I strongly recommend HODL. most people can't handle this type of market volatility and you probably end up buying at a higher price in the future.
330  Bitcoin / Bitcoin Discussion / Re: Why are so few women buying into Bitcoin? on: November 29, 2019, 08:26:01 AM
Women uses technology if it's secure, easy and massive, this happens before with credit cards. they are a lot more rational about new things, and if it looks difficult, illegal or unstable they don't engage with it. further Bitcoin is still difficult for the average of population and it is an enthusiast project at the moment, pretty much every single technical enthusiast field in existence is male dominated. but if Bitcoin want to go mainstream, women need to adopt it, and we should find a solution for aforementioned issues.
331  Economy / Speculation / Re: Here is why Bitcoin can only go down on: November 29, 2019, 08:02:00 AM
People have been saying it’s dying or something like that for years, but the whole crypto world is entering a new phase of it's evolution, don’t expect it all to happen in a year. The hurdles will make it better and more practical, and the hypers are dropping off forever, real value will remain. the most important thing to keep in mind during slowdown is that it's normal for the crypto market to have negative month or year it's part of the cycle, By staying calm and not making any sudden moves, you'll save yourself from becoming a bear's lunch. Like do not sell just be patient and wait till it will grow or buy cheap now.
332  Bitcoin / Bitcoin Discussion / Re: Why Satoshi hides his identity? on: November 28, 2019, 05:46:33 PM
In my opinion there are tons of reasons to want to stay anonymous. Including not wanting to have a bullseye painted on your back for hackers and blackmailers, having a sensitive job that may not like you being involved in this, having an abusive current or former spouse or just in general preferring to not be fucking harassed by internet trolls for the rest of your life. However, personally, i think Satoshi knew that the market had to be more important than the creator of the market. otherwise you just have another authoritarian system where his word would always be more important than market factors. so he decided to remain anonymous.
333  Economy / Speculation / Re: Bitcoin Price Moving Towards $9500 Mark on: November 28, 2019, 09:05:37 AM
This dip is too deep but it is the right time to start buying and hodl until the price comes back then sell. Such quick method to actually gain some profit but it is not guaranteed that it will be effective for short term traders. Bitcoin experience a massive downfall this week although I think it is just the usual way of the market dropping and growing since it is an open market manipulation will always coexist.
Agree, I think a lot of new investors are panic selling combined with the holiday coming up people are selling off for profits and taking a break from trading to spend time with family and friends. this is the another correction to BTC for this year and it will most likely bounce back around the new year. with that said great time to buy more bitcoin and start scouting new altcoins to hold on to for the next big push.
334  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When next bull run happen?? on: November 28, 2019, 08:51:37 AM
I think that should happen in the next couple of years. Unfortunately market has to take some time to recover, and it won’t happen in a year or even two years after disastrous price decrease on many cryptocurrencies. Usually, it takes more than 5 years in classic economy to get things going up. If you are going to analyze all time Bitcoin’s price, then you will find out that BTC increases it's value almost every year. So we have entered into another cycle and it’s important to be patient and wait until market recovers. first bitcoin go then altcoins follow.
335  Alternate cryptocurrencies / Altcoin Discussion / Re: Its a gradual process on: November 28, 2019, 08:29:22 AM
I think full adoption will never happen, unless there is a worldwide economic collapse unless anything we have ever seen or could imagine. Governments will never give up control of their currencies, wars have been fought over much less. a much more realistic goal is to have cryptocurrencies replace payment processors like Paypal and Visa. still a huge task, but it's actually more accessible than full adoption. However, i have to agree with you on technology aspect. the technology must become more mature and scaling needs to be improved.
336  Economy / Speculation / Re: Reason for current bloodbath on: November 28, 2019, 08:09:04 AM
The set of negative news from China and actions that coincide from investors and whales led the bitcoin to decline. however I think the main reason is the big players whales taking advantage of the panic and manipulating the price down. as the price continues to get driven down, the bots tied to multiple accounts are also activating sell offs. also, it's near tax season, so while we have seen an initial sell off, people will soon receive refunds to buy into this attractive opportunity, so I strongly believe we will start seeing a strong rise soon.
337  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoiners, don't give up yet. Bitcoin can't do it alone. on: November 28, 2019, 07:41:03 AM
My opinion is completely against you because altcoins need bitcoin in every aspects. Bitcoin is the mother of crypto and like every young children, altcoins need a caring mother to survive. If Bitcoin dies it becomes a common knowledge that the original idea has been in some sense flawed. Once the investors learn that the security of the altcoins like ETH and Litecoin rests upon the same fundamental idea, but with much weaker, less reliable, realization, the fate of every single altcoins out there is simply a death in exactly the same way the Bitcoin died. sooner or later Altcoiners will realize blockchain technology is best suited to one chain to rule all and undoubtedly will migrate to Bitcoin.
338  Bitcoin / Bitcoin Discussion / Re: Why would one pay $7K for Bitcoin if he/she can get the same thing for $0.001? on: November 27, 2019, 09:04:06 AM
Bitcoin is at the foundation of all altcoins and should be respected. it's the soul of the crypto market and other altcoins should stop trying to harm Bitcoin with it's false narratives and propaganda because if you harm Bitcoin you only harm the value of your own coin and all other altcoins. you also weaken the entire crypto-community. it's a very stupid game to play and ultimately achieves nothing. Further the people who working on altcoins are bound to be very smart and will realize blockchain technology is best suited to one chain to rule them all and eventually migrate to the strongest decentralized chain in future where bitcoin is still vastly ahead of anything else.
339  Bitcoin / Bitcoin Discussion / Re: People are underutilizing Bitcoin on: November 27, 2019, 08:23:33 AM
Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin
People need to start accepting Bitcoin and keeping it, not converting it.
If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
In my opinion, people hoard until they don't. so a higher price turns some of those hoarders into sellers or spenders. however, it doesn't follow that hoarding bitcoins will make them worthless. If everybody stopped selling immediately and hoarded their coins, the price would go through the roof which arguably has a much greater impact on encouraging merchants and individuals to accept Bitcoin. wouldn't you agree?
340  Bitcoin / Bitcoin Discussion / Re: NOTHING IS ABOVE BITCOIN on: November 27, 2019, 05:23:32 AM
Bitcoin is a decentralized, deflationary, censorship resistant and alternative to fiat controlled by governments. why would you want a centrally controlled crypto that's pegged to the very thing that bitcoin is trying to disrupt? Stablecoins are an antithesis to most of what crypto stands for. they exist today simply because the cryptocurrency market is young and volatile and many crypto exchanges don't want to deal with the hassle of supporting the regulatory requirements around supporting fiat currencies. over time as the liquidity grows the volatility will die down. thereby the more time passes, the less we need stablecoins.
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