I don't think any all time high is coming any time soon. Will stay the same or drop. Too much optimism isn't good. It leads people to lose money.
He based it on a pattern after all. I must say that it is quite useful to determine and predict the next price movements for stocks but in bitcoin's case it is useless and this is why I will advice you to not use it in speculating bitcoin's prices. I agree with you that all time will not come soon. Nevertheless, if it were to come true then many of us will be happy about it. For now, the best action is to watch market closely as the next movements can determine upcoming price changes. |
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I was only able to find info on this in exactly one site: https://cryptoconsulting.info/2018/news/samsung-galaxy-s9-will-be-mine-cryptocurrency/...and nowhere else. It's probably safe to assume it's fake news, as it seems to refer to Bitcoin mining specifically, and describes other absurdly laughable features: it is known that the device will allow owners of gadgets to become richer by several thousand Satoshi. The first thing the owner won’t be able to do is shoot the video. Secondly, the ban on any Bank transfers is immediately triggered. Also, the owner of the device will not be able to call those contacts to which the owner will set restrictions in a sober state. As others have said, it's currently technologically impossible to mine Bitcoin (profitably) with a mobile device, so it doesn't matter how powerful its processor and graphics card will be lol. It really is a fake news since it is only posted in one source and in a source that is not credible. It would technically be better to just use regular miners out there or a powerful pc rather than using a mobile phone for mining. Those who will do it in their smartphones IMO are absurd people not thinking about profit and losses. I myself would not dare use samsung galaxy s9 to mine cryptos, I'd rather to use it regularly for other uses. |
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If there's a great number of people who says no we don't, then I reckon the market might still be in the stage of denial, which also means that it might go down further.
Also, bitcoin's dominance is clearly not slowly returning up. The fall has been going down every year. Look at the graph. You are undoubtedly in denial.
I guesss it will continue to fall every year so long as a new contender is always being presented every year. As long as altcoins continues to improve, bitcoin's dominance will continue to wither. Also, so long as the transaction fee is expensive, the chance of bitcoin losing dominance is there. Nevertheless, I agree on the side of those who thinks that btc will continue it's long term appreciation of price. |
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seems it is going like 2014 now , the market is take control by bear now . we have to wait for another 2 years until the next halving.
 Nice picture you got there but I agree that we will start seeing a bearish market soon if buy supports has been broken. Still, I believe that the bearish trend would not last because btc today is different than it was in 2014. Unlike at that time, bitcoin has been legalized in some countries that helps in generating the demand(buy force) needed to counter the selling of others who wants to take profit. |
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Well, sort of, at least for the majority of ordinary and wannabe traders. It is relatively easy to earn money on a rising market but it becomes a completely different matter when a sideways market sets in like it is now in the cryptoverse. There are two major factors that turn trading into gambling for most players in this type of market which are presented below.
First, in any financial or speculative market, where Bitcoin rightfully belongs to, you can earn only if you take money from someone else. It could appear as if everyone earns with the rising price but things reveal their true nature when the price stops rising. It is kind of obvious but accepting this is necessary to understand why you can be the one losing the game in the end.
Second, some market participants have an unrestricted edge over the rest of the pack which means that under no circumstances they will be losing. These are arbitrageurs, insiders, exchanges and their likes. For example, it is impossible to beat exchange since it is 100% sure money for them when they can front run your orders and do a lot of other nasty things which you can't.
Given these two circumstances, it is easy to see that if you do not belong to the group of market participants mentioned above, trading pretty quickly turns into gambling for you. So your only chance to win is pure luck. But luck is not a friend of consistency, therefore the only consistency you can reliably expect is losing to someone who has an undisputed edge over you and the market.
Feel free to comment and post your thoughts and ideas here.
Your analysis is quite spot on but at least you have lesser chance to lose money when trading. You can lose all your money instantly when you are gambling. On the other hand, you will only lose all of your investment on trading if you failed to get out on time or when exchanges close. Most of the times, you would only lose a percent of it but not all. Still, it doesn't change the fact that you take money from someone else when you profit from a trade. |
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Bitcoin or any other crypto currency can never have the stable value because the price is calculated in terms of demand and supply so when there is a change in the demand the price will change.
We can't consider the price is stable when it is around at a price for a week of time probable even less,still the price of bitcoin is swinging so still it is not stabilized and never can have stabilized value.
I think what OP meant when he said stable price of btc is it sitting between a specific price range. Either way I think Bitcoin would stay put on a specific price range I think after it has dumped again. There are certain periods where btc value is sitting at price ranges 300-350$ and has been stable there for a while. You are right though that price is volatile because of supply and demand |
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Hi everyone, as it was Chinese NY on tbe last Friday I was wandering what peoples thoughts were on its possible effect if any on the market place. This holiday obviously effects a number of countries in Sth East Asia not just China; I would think that this period could potentially see a huge number of individuals cashing in for the festivities.
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
I guess the impact this year is not that great when compared to the effects we have seen in the past few years because there are more support from people today. Also, I don't think that Chinese new year is not a significant event to watch out anymore when it is related to bitcoin price since it doesn't impact price that much. For sure, market cap would be lowered on some coins but expect recovery after Chinese new year hype is gone. |
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That's a lot of good read articles thanks. Besides that, they also want to harness the blockchain tech for their use but they don't want a decentralized one. The real reason why banks and government(most of them) hate Bitcoin is not just because of the reason you stated OP, but because they cannot control our money that way and using it is bad for them because of blockchain's transparency that will make it harder for corrupt ones to steal on people's money. |
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So if bitcoin and cryptocurrencies are open for the world to see because of blockchain, are there any charts that show the "wealth distribution" of the coins? So if you wanted to determine that like 40% of the coins are held by 1 entity or if it is a lot more spread out than that? Is that research already done anyway? If so, where could I find it?
So far I think there hasn't been any research done to determine the distribution of bitcoin holdings on block chain and a chart about it doesn't exist. What I do know is that the information you are looking for can be easily seen on blockchain. There is also a list of top 10 addresses which owns the most bitcoin that is open for everybody to see. |
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With the way things have been going, I wouldn't be surprised if it were Jamie Dimon buying up all the BTC he could get his hands on.
i don't think it is Jamie Dimon accumulating Bitcoin. It should be someone more powerful and richer than him. If I were to make an assumption, I wouldn't be surprised that it could be Bill Gates buying Bitcoin after all he got a lot of money to spend and he have good eyes for investments and is the only one who won't regret risking that amount of money. At least that's what I think for now, I might be wrong but he is the only one who won't ever regret even if he lost that hefty sum. |
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I'm spectulating after the 17-18th of Feb , that Bitcoin will drop SIGNIFICANTLY with Chinese new Year fast approaching.
Once it does , It will hover and go down to about 3k / BTC and near the end of 2018 , it will rise Significantly , to about 30k USD.
And then in 2019 Q1 Bitcoin will be able to pass 50k USD ...
This is spectulation , but lets see if i'm right.
What do you guys think will happen to Bitcoin for the next 2-5 years?
What made you think that way OP? Is it only because of Chinese New Year? If that is the case, that I'd one baseless speculation since people who needs money should have had already converted their btc into fiat and I am sure that by the said date(s), Bitcoin will start to rise faster as we see money coming back into crypto. I hope you are right in your last statement though. It will be good if btc reached 50k$ by Q1 of 2019. |
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So I have been wondering what if a Government somewhere in the world wants to legalize bitcoin or any other crypto for that matter. How would it work.
First of all the government will be trying to legalize a means of exchange that it neither controls the demand, supply and creation. It can't even be used as a means of effecting economic change like other currencies can be used by controlling money supply and interest rates.
And if we are equating bitcoin to the possession of assets like gold or diamond. They cant even control bitcoin mining, like they issue licenses to mine gold or diamond
So is bitcoin being a legal tender even possible and how would it work.
If you are looking to know how Bitcoin will look like if it is legalized by a country, just look at it's state at Japan. The government there doesn't give a dam about the demand, supply and creation of Bitcoin. They also don't give a damn on Bitcoin mining. They only regulate it and let their citizens pay their due tax for using btc. You shouldn't also ask how would it work because obviously, it is used also as an alternative payment method. |
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I think that those that brought bitcoin during the height of its massive bullrun was really stunned when it suddenly crash. They go out and sold everything. Because they think that it is a get rich scheme. Which is not.
Now they are very reluctant to enter the picture again. They don't want to be burn again. And with the FUD waves coming every day. I seriously doubt that they will go and buy bitcoin any time soon. So yeah, I agree 100% with your observation.
At least that weeded out weak hands away from Bitcoin. Not only that, because of them being out of the scene, market would surely become healthier as those hyped with get rich quick lessened. If I were OP though I wouldn't generalize the newcomers leaving the market, I am sure that some has still held their btc as of date and expects btc to rise more. |
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Do you believe this will ever happen, and if so, how long?
Please select one of the options above for this poll.
I voted 1-2 years although there are two possible outcomes. The first outcome is what I voted for and the second is never at all, since governments are focusing their sights on regulating Bitcoin and the dawn of decentralized exchanges wouldn't come to pass if it won't become mainstream for 1-2 years. For this reason, I voted it and if it didn't become mainstream by that time frame, then it will never be mainstream. |
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https://cointelegraph.com/news/us-arizona-senate-passes-bill-to-allow-tax-payments-in-bitcoinThe Arizona Senate passed a bill on Feb. 8 to allow residents in the state to pay their taxes with cryptocurrencies, public records indicate. The Senate Bill 1091, which intends to enable cryptocurrencies for tax payment, was introduced Jan. 10, 2018 and passed by the Senate Finance Committee by a 4-3 vote on Jan. 24. On Feb. 8, the Senate passed the bill by a 16-13 margin, with one no-vote. The bill has now been sent to Arizona’s House of Representatives. If the bill is adopted, Arizona would become the first state in the U.S. to accept cryptocurrency tax payments by the year of 2020, as stated on the public record. The bill would allow taxpayers of the state to use “a payment gateway, such as Bitcoin, Litecoin or any other cryptocurrency recognized by the department, using electronic peer-to-peer systems.” According to the bill, the Arizona Department of Revenue, upon receiving payments in crypto for “tax and any interest and penalties”, would be obligated to convert the cryptocurrency payments to U.S. dollars within 24 hours. Arizona State Republican Rep. Jeff Weninger, who co-sponsored the bill, said the tax measure intends to turn the state into a center of “blockchain and digital currency technology in the future”. Referring to the tax bill, Weninger told Fox News this week: "It's one of a litany of bills that we're running that is sending a signal to everyone in the United States, and possibly throughout the world, that Arizona is going to be the place to be for blockchain and digital currency technology in the future." In September, 2017, Cointelegraph reported that the municipality of Chiasso, Switzerland will enable its residents to pay taxes in Bitcoin starting January 2018, following the lead of Zug. This is positive news for cryptocurrency as a whole, since this is a sign that crypto is starting to get acknowledged by the government and this will make adoption faster. Even if that is the case, I don't think that btc and other crypto would replace fiat. Still, this is the first step for cryptocurrency to become mainstream. Just hodl on, this bit of news is the sign that crypto have a more potential hidden in it. |
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Any recommendations?
Counterparty or Omni. Both of these coins were huge before and then the altcoin hype train just took over essentially. They're still good projects, otherwise Tether wouldn't be using Omni protocol to facilitate and secure their transactions. All the other projects seem to offer something that people don't need right now. Omni and counterparts are different, and they're not even top 200 coins right now which is a steal in my opinion. A pump is probably going to come soon. I also suggest this two to you OP. In addition to this two, I would like to advice you to just pick any of the top coina like omise go I think it has a lot of potential. Just do not dare to invest on ether and Bitcoin for faster profits but if you want secure profits then go invest into Bitcoin and ethereum. All the other projects also offers something that people needs right now, at least some from the other projects he have mentioned. |
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I'd like to re-invest some profits made from ETHD. There's a lot of shitcoins on Coinexchange, but there might be some gems in there. Any tips?
Instead of looking at coin exchange, try also to look on other exchanges since there are many gems hidden in many exchanges. My only tip to you is that buy only those who have been in a downtrend lately so that when it pumps, you will profit fast. Also, try installing an app that helps you monitor their price via smartphone. The most convenient one for this category is blockfolio. |
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Thoughts about Bitcoin White? Dev are on anon mode  , but telegram group, fb, twitter are all active Have 4000 of Bitcoin White , got this in participating Signature Camp.. For now my thoughts about bitcoin white is positive. I think it is one profitable coin to invest into as of the moment since team is active and so is it's community. You should hold that amount of bitcoin white for a while if you want more profit from selling it. Since you got it for free in participating signature campaign, it wouldn't hurt to hodl for a little longer because no matter if price decreases, you are still in green. |
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In Russia they try to control everything, so why should we be surprised?
I'm sure they will set a tax at least
Nevertheless I don't expect them to fully regulate all of miners and cryptocurrency users, there will always be loopholes in their regulation system and I wouldn't also be surprised if we heard a news of someone being arrested in Russia because of cryptocurrency tax evasion. The only question is that if they will continue to set a tax after their regulation system has been deemed as ineffective? I think they would try to improve it further if that happens. What's your take on this? |
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Satoshi thought and planned for it. If the bitcoin price falls below the cost of mining, some miners will exit. It will temporarily cause block discovery to lengthen as the existing miners striuggle - but after 2400 blocks, the difficulty will adjust down. That means it's easier to mine. (The difficulty is directly linked to the cost of mining as you need many more miners to win a block when the difficulty is high). Basically you'll get iterations of this till the cost of mining falls below the bitcoin price. If the bitcoin price fell to $1 I expect you'll be able to mine them with your laptop as the professional mining farms will have long given up. But when would we see 1$ price again, If we really did see that price again I would definitely start mining bitcoins and believe that it would generate me a lot of profit in the future. Nevertheless, It is nice to see that satoshi have thought of a solution before vanishing out of nowhere. But what will happen if all bitcoins have been mined? Wouldn't that be very unprofitable for most of the miners out there? |
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