I have just seen this tweet from glassnode on Twitter which shows that the number of addresses that hold over 1000 BTC has dramatically increased in the last year and a half. Pretty much since we have dropped from the $6000 level the BTC has started to be accumulated. Are they institutions? What's your take on that? Also why wouldn't they split their holdings in multiple addresses instead of keeping them all in one? Looking at the graph we are approaching 2100 addresses with > 1000 BTC, that translates to at least 2,100,000 BTC.  I think that it is indeed being accumulated by institutionalized investors like businesses that involves bitcoin. Actually this isn't sound good for it does't shows adoption for these btcs only belongs to few individuals and not distributed to different addresses. Likewise, we don't have enough power to control those whales in the market who are indeed manipulating it. Maybe they are the ones who was there from the beggining of cryptos. |
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In my almost four years of getting involved (just an ordinary holder and part-time trader, nothing so great actually), I am so sure that Bitcoin can be a major source of stress especially if you bought them at a higher price and then the price made some slide. Now, I am not saying that it is Bitcoin's fault because stress in the first place depends a lot on our perception and how we are managing it. But definitely, we can categorize as a stressor at some degree. On the other hand, Bitcoin can also be the source of "happiness" especially when the coin is having a great time jumping upwards. Certainly, there can be euphoria if in 2020 Bitcoin can go higher that its 2017 ATH. Bitcoin is known for extreme volatility and it can go from one side to the other in matter of hours and days. No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.How do you manage any possible stress coming from Bitcoin's volatility? I guess we should just accept the fact that there is a poasibility that you may lose youf funds in bitcoin because of its voalatility. Stress do nothing, what you can do is to be startegic next time. Maybe you should not refer only with bitcoins, buy other crypto and balnce it. You can have 4 cryptos and balance it 25% each. If a certain crypto drops its value then buy some of it so that if its price back no normal you will have a profit. |
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Hi guys ! Thats a question i do to myself very often , and it always looks like the right answer. My main coin for now its XRP (like 3000) and a very few BTC (0.005).
I hold XRP from long time but i see BTC price raise a lot and XRP don't do much. They have a consolidated project but no matters what BTC price its still mandatory.
So the question is , should i sold like 2500XRP and buy BTC when this one have a price drop?
I know its something i had to decide myself , just looking for what you guys think.
Thanks!
Hmmm I guess try to convert half of your xrp to somehow have a little profit . Just watch the market so that you will be sure to your choice. For me, this is the right time to buy btc because of its value. However, we are not sure when does a certain crypto pumps and dumps. This makes it risky, actually like a gambling. We need to risk our funds if you want to win instatly. On the other hand, be safe and be on the middle. |
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Maybe you right with bitcoin losing popularity with very lower price today, for October bitcoin never back to raise higher price and still down with $8 where last month bitcoin above $10k, will become bad thing for bitcoin losing popularity and give bad for altcoin price? lets give best for bitcoin can raise to higher price again and we need to get much profit with bitcoin investment for long time because only bitcoin become profitable investment.
It isn't that it is losing popularity. It is that when it goes up in price then people talk about it because it is doing well. When it isn't then people don't talk about it. Only true belivers stay around during the drops. They know it is only temporary and won't last long, they look ahead in years time not like most other people who only focus on the present. Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
First of all the decrease of price of bitcoin doesn't really corresponds that bitcoin isn't popular, its just that there were only few transactions or trading of bitcoins are taking place. We all know that cryptos was extremely volatile that is why we should not be amazed if its price drops in a single time for its normal. What we can do is to support bitcoin as it takes the journey in the crypto world. |
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Dear all,
I bought 2 BTC when it were 18k USD/1BTC and lost all my other assets with BCC 400usd.
I still have been keeping them with the belief that it will recover and over 20k.
it is too long time and that makes me so tired, i need money to invest a plan,but there is no money
Do you have any idea?
thanks
This is the reason why we need to devide our funds into different cryptos and not just rely on a single crypto. Like in your case, when bitcoin price dumps, you have no choice aside from to wait or to sell it. As of now, I think that it is better to wait until atleast it was 18k and convert it back to your desire currency to somehow be safe. Next time be mindful on your decision so that it will not happen again. |
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We know that Bitcoin celebrated its 10th year anniversary this year and for the past many years so many things had happened especially with the birth of this new and trending cryptocurrency industry. In a short period (as compared to the fiat currencies we have around) of time, Bitcoin was able to achieve many things. Yes, Bitcoin is not perfect and maybe it will never be but with its accomplishments at hand, we have a lot to celebrate actually.
Now, Bitcoin is starting its journey for the next 10 years. There are many challenges and maybe even negative developments that can severely affects its viability but at the end of the day I am sure that Bitcoin can be able to weather them all.
How do you see Bitcoin 10 years from today?
10 years from now bitcoin will have a great adoption rate. Many people and businesses are being engage to crypto trading specially bitcoin. With the high demand its price will skyrocket to the moon. Also, a lot of cryptos are being made and leading cryptos like Eth will have the popularity that bitcoin have and probably increase its value over the years. |
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If the stocks market will crash again like 2008, what will happen to bitcoin?
I personally think that people will take their money out and will invest it somewhere else.
Do you think that bitcoin will be a good alternative?
If that scenario happens the investors has only two choices to invest their money from. Maybe it will be for gold or bitcoin because it has similar characteristics wherein its price was rising every other day. Also, bitcoin started to become known at that time and there are some people who probably believe on it. In the case of gold, it was also a good investment because investors can expect a good feeback of profit after all. |
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I believe that there are no concrete assurance that bitcoin will give you good feedback after years of holding. It is all a big gambling like approach. You need to risk your funds if you want to win. It is your choice if you will convert your btcs or not despite of the ups and downs of its price. It is very challenging as a trader. You need to be aware what is happening to the market so that you are always updated. |
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Hi guys, The cryptocurrency market has added over $80 billion within the last 100 days, which is probably from January to date. The cryptocurrency market capitalization hits the bottom at $100 billion during the recent massive market crash. Do you guys think we are going to the moon this year also or we have a long way to go before reaching the moon once more - that is it'll probably happen in the next 4-5 years?  This was good to see and it is indeed possible to go to moon in the next days or months like what happen last december. Hopefully its price will skyrocket by the end of the year. Also, major problem of the people who hodl bitcoin is that when the price dumps they do panic selling. This was not good for them, actually if the price dumps this is the good time were we can buy btcs. |
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********************NEWEST UPDATE********************* Ok bitcointalk! I have been hard at work over this last week. I have just put the finishing touches on my site! I will be posting a new topic soon about how to identify pricing bottoms by utilizing the creation cost. It needs a couple more revisions, but it will be ready today or tomorrow. Here is the link to my site again: https://www.amsinger.orgAs always I love your opinions and criticism. You need friction to make fire  Aaron P.S. The next client research will be covering the price volatility increases when bitcoin is high above the creation cost. ******************************************************* *****************UPDATE******************* Thanks so much everyone for your opinions and views! I am setting up a complete redesign of the site, and I will be back in around a week with all new research and probing bitcoin questions. The site will be down while I make all the upgrades and rebalance the scales. Bitcointalk is one of the few places where you can go to meet crypto people. I am honored to speak and share my data and views with you all! Love and hard work, Aaron ****************************************** Here is an overview of how to find and UNDERSTAND your risk while investing in crypto. If you want to see how it works click this link: I have previous posts on here explaining an optimal entry point based on fundamentals on Feb 7. This is an explanation of May 2 to May 27. Creation Cost - The variable cost it takes to create a bitcoin On May 2 BTC risk hit its lowest since February. BTC was 15.1% above its price floor This is a rare and likely profitable situation. The price floor represents the price at which whales start buying due to the natural cash flow of cryptocurrency. It represents the point of strongest buying capability in the market. On May 27, after the 59% price spike, the risk level increased to 55.5%. The price had virtually no support and due to the high price every miner and holder with any awareness of risk levels was selling and not holding. I created fundamental analysis in order to provide my clients the information that they need to measure risk and understand the crypto market. With the fundamental price floor you know automatically if the price is low or high. $3000/BTC was INCREDIBLY high 4 years ago, $3000/BTC now is a mortgage-your-house steal. With price floor and cash flow analysis my clients know when the market is high and when it is low. I truly hope that you find this information useful to you. I made this because of the pain I felt in Nov 2018. I needed to know why it didn't go to zero, and I found the price floor. Aaron Helpful Links: They say that the best teacher is the experience that is why it is important to have an experience in trading crypto assets to know what was the real environment in crypto market. Before we enter the crypto world we are probably aware about the risks involve in trading cryptos so we must monitor its price atleast every 2 to 3 days. Also, we dont need to panic. We should use our intellect rather than emotions. |
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of course i know exactly what u talking about.
but well, its need a long time to make it happen.
and as a time goes by people have a fear of loss of money because the stupid news everywhere,even total btc still same amount.
like many many speculation, btc will go to rich people at the end.
I am not able to understand what you are saying. I am saying that this cannot be possible even with passage of time due to a simple reason that BTC cannot be used as a mainstream currency. It's pretty much the same with gold that people can't print out of thin air, and despite it is being praised as money (ignoring how inconvenient it is), the fact that it is something people hoard makes it by definition bad money.
I don't think we'll ever get to experience a Bitcoin or gold standard anymore. Money has to have the inflationary characteristic so that it isn't scarce enough to endlessly hoard, which is something fiat does right.
I rather keep hoarding Bitcoin than spending it and there isn't much that will be able to change my mind. Even if fiat as we know it implodes, the government will issue a new form of money. Bitcoin and gold will still be ignored in that case.
Exactly gold and silver weren't cancelled out to be used as money because of inconvenience but because of its limited supply. Because gold pegged currency were the same as using gold as a currency so that system didn't involve us carrying gold all the time with us. But this system was changed because government didn't have power to control the supply of money in the economy. Leading to some big deflationary gaps. Now same is the problem with Bitcoin today. I get your point. That is the reason why government are banning bitcoin. It is a kind of currency that they cannot control thus resulting to big deflationary gaps. Unlike the normal currency that is being regulated by the goveenment, it is more stable. Also, bitcoin is limited like we all know making it very striking to people like gold and silver. On the other hand, if bitcoin is being regulated by the government, the price of bitcoin will now be stable (but it will never happen). |
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Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.
Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.
People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.
That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.
99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.
Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.
Do not spend your Bitcoins. Not now.
I somehow agree with this idea. I believe that instead of spending it today we must hold or buy btcs or covert other alts to bitcoin. As we look at the chart there are no signs that it will be goes down. As a trader we must be aware on the environment of bitcoin and continuously updated by the latest news about crypto. Also, if there are no trading happen the price of btc will go down hardly, so it is better to have some transactions for it to become stable somehow. |
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The Bitcoin price certainly affects many things. It can help us gauge adoption along with other metrics as well as the sentiment of people who are currently invested.
Bitcoin is not a get rich quick scheme. It is the currency of the internet designed as a super hard form of money to challenge many status quos.
Even if we were to pay more attention to the price. Many of the people worrying don't know the basics of TA. I'm here to tell you that if you own any amount of BTC you are riding a rollercoaster that is affected by adoption, politics, whales and many other factors out of your control. The one thing you can count on is the math, The fact that is was the first, the 21million cap, it's security, and the torrent of frustration it brings older businesses who have grown lazy and abuse the masses(banks).
From a TA standpoint (i'm a noob with a background in music but i've been studying and doing paper trades for years now). Bitcoin has been consolidating for a few months after a pullback from a 1 year high. The fact that it's been trading in the range its at means that the whales and traders who bought in late can't affect the die hard HODLERS who were already in the market in early 2019. You can find articles explaining the demographics of Bitcoin holders. Those who bought in at 10k+ were the ones selling.
Other than that we have some whales playing in the ocean.
Remember this is about change and technology.
If you believe in the ideals money is more than likely to follow.
Be well!
One thing we should remember is that Bitcoin isn't like other normal currency it was quite complicated. There were times that it was on high and there were times that it goes down hardly, it is being affected by trading obviously and there were whales who are manipulating the price. What we need to be is to become aware about its volatility and consider that it is a normal currency but a currrency that will give you profit in a single time or on the other hand can make your funds loss. |
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What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
I believe that they must have first the credibility to sell cryptocurrencies and as a small business it is hard to gain this easily. Also, if you are selling crypto you probably grow your business after all because many people will start to buy to them. In addition, they also have have the knowledge about the operation of crypto so that they are aware about the possible downs of their business and prepare for that. |
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 This chart is showing you the top 200 coins performance against bitcoin. It's clearly who is outperforming here. Bitcoin is the king of crypto. Alts got rekt specially when bitcoin made a move like Jagger on the 1st April. But that wasn't april's fools day! Or was it? source https://twitter.com/woonomic/status/1161320822344179720It is not surprising actually, bitcoin is the very first crypto to be known widely. From the day it was launch until today it establish a huge amount of supporters. Unlike the new cryptos that are newly created they are still gaining the supporters . Also, the reason why it is the king of all crypto is because of its inflationary features wherein it is possible to gain huge amount of profit in a single price pump. This makes bitcoin interesting and challenging as well. |
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This was a great help, as a crypto user we should know how to identify cryptocurrency scams. For me, having a research was very important. We should be sure that the company has the credibility to operate to secure that they are not just decieving people. Also, as a trader we must have an experience on the actual trading of crypto asset so that we are aware with the crypto environment. |
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Money changed its shape through the history. As from non-monetary exchange to the need of having money. Fast forward to our current banknotes which are in my opinion slowly dying with bitcoin taking over. Many discussions are being held if bitcoin can be the primary currency in the world. Let's assume it can be. Everything has an end so what do you think will come after bitcoin? What will money look like hundreds of years from now? I predict its gonna be digital of course but I'm interested if its going to be a cryptocurrency or something else.
Actually cryptocurrency was not yet widely useful and even considered illegal in some countries. Cryptocurrency was its initial phase today and its adoption was still on the process. On the other hand, we don't know what will be the next discovery related to currencies. What is for sure is that it will all about digital advancement. |
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How to live comfortable in an over populated environment?
You need to be strategic and adopt the changes in the environment. Actually living in a populated environment doesn't mean that you will not be comfortable. And by the way what kind of comfortable do you mean? Do you mean financially? If yes what you need to do is to be unmaterialistic and disciplined. A friend of mine share what was his strategy to earn money. He said I just need to make something as an asset not as a liability. |
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Can i ask some advice from trading experts here, How could i trade safely and assure possible profit from my investments?
Do a lot of research. Before trading cryptos make sure that the crypto was able to provide their said features in real world not just a fairytale story, avoid things that was too good to be true. In addition, company's reputation was important so try to browse on their recent project involving cryptos. |
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Thanks for sharing, I guess I'll try to write some code to bruteforce some of the smallest unclaimed keys, though I don't hope to find anything, cause my CPU isn't very strong. I have a GTX 1060 gpu though, but I only know Javascript so it will be a bit hard to write a program that utilizes my gpu, but it should be possible. Should be a fun pet project that will at least provide me some experience.
there is no more "unclaimed" keys left with a private keys in small ranges. they were all found a long time ago. now only the big ones are remaining and claiming each is getting harder exponentially as the power of 2 is incremented by one. if you want to have fun, you can program something. i did that a while ago in c# for small ones as a "challenge" to my skills knowing there is no other reward. Thats true it was getting harder today. I even try to solve like that one before on c# because I have a backround knowledge about programming. This challenge me a alot for I need to experiment algorithms that will solve the given probalem. I had solve several problems but sadly there was no reward also. However, it was exciting to do specially when we solve those problem that has a reward. |
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