Are we back in 2017?News about Bitcoin ETFs don't make me excited anymore.This ETF isn't even approved yet. If it gets approved,then great,if it gets declined-who cares,there will be plenty of new Bitcoin ETFs.  Calling this "the biggest news for Bitcoin in 2021" is definitely a clickbait. Positive news indeed. I do not want to think it is another one of those news again. I see light in this. Getting the ETF will surely increase awareness and speed up mass adoption and then the skeptics will begin to realise how wrong they have been all long for continuously saying bitcoin is a bubble. I want to believe that the filing will get the attention it requires this time.
Bitcoin ETFs have little to do with mass Bitcoin adoption.The "average Joe" doesn't care about exchange traded funds. |
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It seems to me that you want somebody to spoonfeed you and give you all the information you need without any effort on your side. The biggest crypto risks in trading/investing are: 1.Choosing a crypto exchange platform that isn't legit. 2.Look at the first rule. If you don't plan to start crypto trading,then buying and HODLing BTC in your own wallet is your best bet. In that case,keeping your private keys is the most important thing. |
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As the world watches Bitcoin and ALL other coins crash in 2021, which is now making 2018 look like child's play, well past the much written about support level of 44K which is "healthy" leading to a 100K coin by the end of the year, how many of you cryptocurrency evangelicals are ready to now admit that the entirety of cryptocurrency is one big pump and dump scam heralded by the exchanges and "social influencers" ?
Who are the "social influencers"?Can you mention a few?Are you talking about Ellon Musk,Jack Dorsey and Michael Saylor? Yep,the crypto markets are pretty much pump and dump,but does that make them a scam? What's your definition of scam?Were you scammed by someone? So the crypto markets are facing a price crash and you think that this is a scam?Can you prove it in court? A scam usually consists a fake promise.Did someone promised you that the cryptocurrency prices will increase forever,without any price crash,therefore bringing you huge and easy profits? If yes,then somebody lied to you. |
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Bitcoin is a currency/asset.The banks are financial institutions/companies.
We all know the "be your own bank" slogan,but Bitcoin isn't supposed to "replace" the banks.
The banks can only be replaced by other financial institutions/companies.
The correct statements would have been "Crypto exchanges cannot replace banks" or "Crypto wallet companies cannot replace banks".
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If stocks die, everything dies. Forget bitcoin or anything else, we'll be back to agriculture. If your country is alright with socialism during a disaster then you're fine- if not it might be problematic.
Realistically countries could just all print themselves out of their debt (like has been proposed many times with the euro).
Forget bitcoin being stable or worth anything if your Internet firm can't get power (or you).
Countries print money to solve stagflation,.without the printing that has gone on -everything crashes and no one remains stable. Most economies in the west will have 12% of their gdp shaved off -the UK and a few other European countries stand to lose 40-50% of their gdp directly from investment banks.
Stock prices might crash severely,but I don't think that stocks will die as an investment tool. The stock price crash might lead to US pension funds going bankrupt,which means no pensions for millions of people,which means huge decrease of consumer demand and another Great Depression in the USA. I don't really think that socialism is a solution for any economic problem,but that's just me. The money printing machine of the Federal Reserve System will cause a disaster for sure. |
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What you think this coming month (March) will bring?
I will remain optimistic that March will still be good or favour bitcoin. (1) the market remains bullish, the recent downtrend is somewhat like a 'norm', as every month we have to see some healthy correction; (2) Institutional investors are still buying in the dip that might push the price again next month; (3) I'm not expecting anymore FUD, or least the market will not be affected by it in a negative way; (4) for average joe, if March turns out bad, then it will be a good buying opportunity for us as well. 1.We still don't know if the market will remain bullish.There's not enough data for such prediction. 2.I don't see institutional investors buying the dip.Perhaps you have some insider information. 3.The FUD against BTC will continue forever.The problem is that people pay more attention to FUD,when the markets are going down. 4.I agree with that.March is usually bad,but everything will be alright in the end of 2021.(I hope so ) |
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Yes,the crypto industry is limited for the disabled people,but can you answer these questions:
Is it easier for physically challenged people to use fiat money(cash)?
Is it easier for physically challenged people to trade on the stock markets?
Is it easier for disabled people to use gold or any other precious metals?
Disabled people are facing difficulties everywhere,so it's pointless to put the blame only on the crypto industry for being not enough user friendly for disabled people.
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The graph shows a pattern that might not repeat.I don't trust technical analysis that much.
The current Bitcoin price drop was pretty much expected and I'm surprised that there are forum members,who are surprised,overwhelmed or sad,because to this price drop.Did you guys really expect that BTC will go to 100K,only because Ellon MusK/Tesla buys some BTC?We need way more institutional investors and way more medium sized and small investors for a big and stable price pump.
We are going back to 20-30K USD,before going to 60K USD.Just HODL more BTC and everything will be fine.
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You say that you don't have intentions to post FUD,but you are actually posting FUD. The crypto markets aren't that much inflated.They are just volatile.If Bitcoin(or any coin) can go from 20K to 56K in two months,then everyone must be ready for it to go back from 56K to 20K.This is normal.The prices don't always go up. Every market in the world is more or less "inflated",due to the central bank money printing avalanche.I guess that the crypto market isn't that different. My advise to you is to HODL your ethereum,but you can go ahead and join the panic selling crowd. This is your money and your choice... |
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How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Having a lambo,lots of expensive real estate,a hot girlfriend and X million dollars in the bank. This is the pop-culture perception of being rich,I guess. I'm not that greedy,so having enough money to pay my bills and for groceries and having savings for a rainy day seems enough to me,but this is just me. Having a really hot girlfriend is an important part of being rich.Hot women usually like rich men... You know the saying-"Everything men do in life,they do it to impress a woman." |
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we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.
The Bitcoin market will be bearish in the short term and bullish in the long term. March and April are usually bearish months for Bitcoin,so there's no need to worry.More important is what will happen with the BTC price at the end of 2021.Are we going to witness another major pump "to the moon",or the end of 2021 will be more like the end of 2018-bear market and price stagnation. I don't care about the current price.I just want to earn as much BTC as possible and prepare for the next bull run. |
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If you brought low and it was now high, then you could start off selling high and keep selling lower to lower the price. People like a bargain would keep buying as it went down. As long as you don't go below your "low" then you know you could immediately buy it all back for a fraction of what you sold it for? Is there a name for this tactic?
This is not a tactic,this what all the "bears" actually do on the market.Selling BTC and buying at a lower price later.This is the opposite of what the "bulls" are going-Buying low and selling high. If you are talking about lots short term day trades,with minimum profit margins,then we are talking about "scalping". Those aren't "whale tactics". Usually,all the traders can be "bulls" or "bears" at some point,not only the whales. |
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So logically, BTC can never become a store of wealth for the masses. "The masses" can decide to whether buy or not to buy BTC.Most of the people will decide to stay away from Bitcoin,because they don't fully understand it. Bitcoin is not designed to automatically make the poor people rich.You can't become rich without putting efforts,working hard and making sacrifices. Yes,Bitcoin is "digital gold" and maybe some altcoins are more suitable and daily usage,but no altcoin can beat Bitcoin in terms of trust and authority. |
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Linked to this is the Dunning-Kruger effect - when you thing you know something and you have understood a problem, but you really have no idea. The Dunning-Kruger effect is when you are stupid,but you don't realize that you are stupid. Stupid people don't realize that they are stupid,while intelligent people can realize their own level of intelligence. The people,who fall under the Dunning-Kruger effect cannot realize that they are under the Dunning-Kruger effect,so your question is pointless. Yes,Bitcoin is in my circle of competence,but I can't say the same thing about the more technical stuff,which surrounds Bitcoin,like mining,blockchain technology,cryptography,etc. |
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The big question is, why aren't more people happy about this? I mean, burning fossil fuels is good for the world. It puts more CO2 into the atmosphere so that plants have food and grow better. More electric plants can be built, making more jobs available. Sounds like a win-win Bitcoin mining operation. Burning fossil fuels produces a lot of toxins,which are going into the atmosphere.It's not only CO2. More CO2 into the atmosphere means global warming and global warming means unpredictable weather. Unpredictable weather means more dry seasons,which is bad for agriculture and more powerful hurricanes,which is also bad for agriculture. Anyway,the Bitcoin haters,that are saying that BTC mining is polluting the earth are just a bunch of hypocrites.You can't put the blame solely on BTC mining for all the pollution of the atmosphere. |
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If adoption for the Lightning Network goes all the way to the moon, do you think there's a possibility it could replace on-chain transactions? Of course, that is excluding on-chain transactions to open/close a channel on the Lightning Network. I think that miners will be doomed if something like this happens.
Off-chain transactions cannot replace on-chain transactions,the blockchain is the foundation of Bitcoin,all the off-chain solutions like the Lightning Network are just an addition to that foundation. BTC miners cannot be doomed by LN mass adoption.LN is supposed to the help the blockchain,by taking all the small transactions,which are flooding the blockchain.LN can't be considered as competition to the blockchain. However,mass LN adoption won't happen anytime soon,so we are just fantasizing about possible events and processes that might never occur. |
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Let's print paper Bitcoins and begin exchanging them offline.The energy costs will be zero,so fiat bankers like Janet Yellen and all the Bitcoin haters will stop whining about energy consumption and "transaction inefficiency". Fiat paper money fans love paper money,so I guess that they will shut up,if we turn Bitcoin into paper money. They won't shut up about illicit finance and BTC being used for illegal stuff,so I can't find a solution about this problem.  |
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A few weeks ago,I saw some guy promoting a sports betting Discord server,which guarantees profits.
I think that this is most likely a tipster scam.No legit tipster can guarantee profits out of sports betting.
I like the part in your system,where you pick teams that are in the middle of the ranking.
Betting on teams like Real Madrid,Barcelona,Liverpool and Bayern is low risk/low profit because they are always favorites,but it kinda gets boring after a while.
Anyways,I wouldn't use martingale on football betting and wouldn't bet without analyzing the team.
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Gold is not legitimate money as well,and Bitcon is considered "digital gold". Will the Nigerian central bank ban gold transactions? This is the typical mentality of a central banker.Legitimate money are the fiat money,issued by the central bank,everything else is not legitimate money. I guess that the majority of cryptocurrency users in Nigeria couldn't care less about the opinions of this guy,or the anti-crypto legislation and regulations.The crypto industry in Nigeria will flourish,with or without the government support or oppression. |
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I might be wrong,but I think that Bitcoin mining pools actually want the BTC price to go up. I'm not an expert,but the increasing BTC price means higher transaction fees,which means more revenue for the Bitcoin miners.What's the point of causing a price dump,just for the sake of short term profits,while reducing the mining revenue from transaction fees in the long term?That doesn't make any sense. 4000BTC are not enough to cause a price dump,just like the other forum members said. I assume that this theory is made up just to sh*t over F2Pool. |
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