Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak. Bitcoin historical crashes: 2011: Bitcoin fell 94% 2013: Bitcoin fell 87% 2014: Bitcoin fell 83% 2018: Bitcoin fell 70% As you can see more MarketCap - less fell! What do you think about it? Bitcoin is still in a long term uptrend, becasue adoption currently hasn't reached its maximum yet. Also when you factor in the fact that fiat currency is always depreciating, it essentially means that bitcoin is almost guaranteed to be in a long term growth curve. But people forget that BTC, like any other investment, has bull and bear markets. Last year, we had an ultra bullish year, while this year things have cooled off a bit. As you said, though, when the trough hits, eventually the price will recover above its previous all time high as we saw time and time again when the bull market swings by. And this imho will occur as long as we're still in the early adopter phase, where less than 10% of the world has any BTC. |
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Be careful when "everything is going well" and stuff like that. As great as this pump has been for the traders, I don't think that it's safe yet to classify this rally as the start of a bull market, or at least one of the magnitude of 2017's bull market. We just saw BTC prices correct again after it came close to the $9500 mark, which is the major resistance that is currently holding back the bulls. Markets have moved sideways for around 7 days now without any upward momentum. To be completely realistic, I'd be extremely cautious of buying in right now if you're not prepared to hold for the long term. An adjustment has to come sooner or later due to the fact that prices have absolutely skyrocketed in consecutive weeks, and an adjustment is always the end result before further rallies in cases like this. |
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He said similar things regarding gold: https://www.youtube.com/watch?v=BtN17EGeVVAObviously bitcoin, nor gold, does not produce anything as a dividend or yield like a farm or a stock. However, they are still both very good investments, and in fact, they are most likely much better store of values than the fiat currencies. Bitcoin is a decentralised currency. How can you have a currency that produces yield for you? Yes, in a sense that you're expecting the next guy to pay more for your bitcoin in the future. But there is evidence for that. Unlike fiat, bitcoin is decentralised, and disinflationary. As fiat currencies depreciate, bitcoin prices will appreciate as a result. So really what bitcoin is doing is just holding its value in real terms, in the long run. Short term volatility is another thing, if you invest in BTC in the short term, I agree, it should be called speculation. But I think the definition of investing is anything which you put in that you expect more monetary rewards back. And BTC investing, whether short or long term, both fit that general definition that is accepted by most people. |
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Lol this is too funny, I was led to believe we were going to see $11000 in the coming days.
I am so happy to have sold some yesterday, my spidey sense was tingling. Now, lets see if I can buy them back at a bargain price. Why do I make so much more money in a tanking market? Probably because I dont buy when its going up.
Anywayz, buy low, sell high, alwayz works for me. Noobs lose money because they do the exact opposite. Lolz!
There is honestly still some room for BTC to go up in the near term. It could even go upwards of $12k, if the market sentiment is able to stay as bullish as it was during the few huge pumps we saw during this market rally. However, having said that, there is probably not a ton of room anymore, especially when you consider that the resistance at $9500-10000 is just refusing to give up right now. And the absolute ceiling right now is probably somewhere in the vicinity of $12k. As you said, always buy low, sell high. A lot of people have bought near the top of this bull run at over $9k, and that's not the smartest thing to do. I do feel like that we're going to go down quite a bit in a correction across the board, before making our way back up. |
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Right. Things seem to be quite on the positive side right now compared to the last three months but i it's too early to say that we're preparing for a breakout or a pump. Let things stay as they are right now. I kinda like this movement better than a straight pump..
Unfortunately we're not looking for a breakout right now, nor do I feel like this kind of slow bull market is going to continue. Call me bearish, but I feel like that a correction is due any time now. I just don't think that the momentum right now is strong enough to push bitcoin over that psychological $10k barrier right now. We've seen a pretty nice rally, you could label that as a breakout in itself. However, it has to come to an end somehow some way. Bitcoin can't continue to rally, or stay at a high level after its value goes up drastically in a short amount of time. That's why I think a correction is incoming soon. |
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Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.
Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.
So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?
Source is here: https://www.technologyreview.com/s/610809/lets-destroy-bitcoin/Again, this is completely speculative and they are merely suggesting what could happen. Without any degree of certainty. I believe that bitcoin markets have grown to be less and less sensitive to speculative news pieces, compared to previously where the markets aren't as mature. That's why this news piece didn't have an effect on bitcoin prices at all. However, insensitivity doesn't mean complete ignorance to news. As you said, there are some media coverages that make traders panic still. One of them is obviously government regulaiton. If governments come out with a new regulation that restricts access to bitcoin, even though we all know bitcoin is decentralized and they will never be able to do anything to the core of the network but only to third party bitcoin services, will likely cause prices to decrease in the short term. I tend to skip over any sensationalist, clearly fabricated or exaggerated headlines straightaway. Don't get affected by them. |
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The price of bitcoin has returned above $9,000 for the first time since March, having risen by more than a third in value over the last two weeks. Do you think this is a good sign?  It's not really a sign or anything. It just happened, and it happened as a result of a strong support at $6600, which people believed it to be the bottom. It's obviously nice to see some renewed optimists in the market. Although I'm not sure if we should jumping straight to the conclusion that this must be the start of a bull market, yet. But institutional investors seem to be piling up during this pump, so I guess it's definitely a breath of fresh air from the bearish state that the market was in for months. And furthermore, even though I'm optimistic of what bitcoin will do in the long run, I think this rally is nearing its end. Even if it does break 5 digits, the resistance at levels higher like $12k have proven to be stronger than most expect from previous attempts. In fact, when BTC last tested the $12k that was when the huge dump down to $6k occurred. I'd say the fact that BTC is at $9k+ only calls for careful optimism, not irrational buying. |
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We have seen Bitcoin broken 9k zone. It's have to chance break 10k zone. What you think ? Bitcoin can break 10k zone on this week ?
If you look at the charts, you can see some clear resistance at the $9500 level. We're again testing this level today, and I don't see any sort of momentum right now that can topple us over. In fact, the entire market is just stagnating at the $9400 zone without much growth going on. And understandably so, because this rally has simply been going on for too long without a major correction. That major correction, in my opinion, will come before the $10k level is hit, and take us down to the $7k level again before any resurgences. The resistance at 5 digits seems still very strong, and market sentiment isn't as bullish as last year. I definitely wouldn't bet that it breaks $10k this week. |
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It is definitely ridiculous, and is completely speculative in itself.
He seems to think that bitcoin will only survive with hype, although that's definitely not the case. Bitcoin has survived bear markets as well as bull markets.
He is overreacting to a lot of things mentioned in the article, and no doubt, the article was probably made for the sole intention of bringing up some more uncertainty in the market's minds.
If any piece of bad news is able to send bitcoin down into a downward spiral, bitcoin would have collapsed thousands of times already. It's almost a daily occurrence that bitcoin gets negatively covered in the media. Sometimes, it does have some negative effects, but these effects aren't long lasting and definitely won't affect any long term holders of BTC. Remember that FUD from news pieces go as quickly as they come. Markets may react to it, but only for a short amount of time before another piece of news takes their atteinton.
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https://www.coindesk.com/10k-on-hold-as-bitcoin-sees-price-pullback/I know everyone was excited to see the onset of a bull market but most of us had to see this coming. Anyone moderately experienced in the movement of Bitcoin and cryptocurrencies in general would know that rapid growth like what was seen recently cannot be facilitated without minor corrections in mind. The price will bounce back. 20k Bitcoin is not going to happen over night. The sooner the masses realize this, the better off the whole community will be. For now we all should be loading up on these corrections. Good Luck Traders, The Elysian Team Seems like that the correction was temporary and we're seeing bitcoin testing the waters at $10k again. But as I've expected, the $10k resistance is much stronger than a lot of people realise before the correction actually happened. Bitcoin's value has risen around 40% within a week or two, which is extremely unsustainable in the long run. That's why corrections exist after such big rallies. I'm personally leaning towards prices not hitting $10k this time, as the resistance just seems too strong. The sell wall essentially sent prices back 10% yesterday. Most likely, we're not going to breach $10k but even if we do, I doubt we can sustain this rally for too long before a correction. A lot of people are jumping to '$20k in a few months' predictions, but that's not happening. We're not fully in a bull market yet. |
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So the problem was a token transfer error, right? It seems like that Liqui's support is still as bad as it was last year. Last year from around August onwards, I don't think that there had been any time period where Liqui's support was responsive at all. And looking at your case, it seems like that they made no effort to better their customer support whatsoever. Closing tickets unanswered is the most frustrating thing you can do to your customers, at least close it AFTER you respond with something. They have every responsibility to ensure that your problems are solved, at least. It's their problem that the transaction had issues, not you. Liqui has proven themselves to be quite the untrustworthy exchange, I would avoid. I'd suggest creating a new thread in the Scam Accusation subforum rather than posting about this here, or making a new post in the thread linked above. I haven't had a great experience with Liqui in the past either (with Iconomi in my case), though not to the degree that some people are experiencing right now.
Although they are shady, and their support completely unresponsive, I don't think that scam accusation is appropriate. But moving this to exchange is probably more appropriate. |
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As this may seem like a RANDOM thought from a newbie, it's rather a Technical-based view. https://www.tradingview.com/chart/BTCUSDT/4oFVgYUy-BTC-20-K-coming-soon/Looking at the daily chart of BTC (log scale ) you can see that we broke out of a downtrend that being holding the price from ATH. not only that. we broke another trend line which can potentially be our BASE for the next ride. *** before you go ahead and argue about my charting check my prev predictions/analysis  . ******this is not a financial advice whatsoever !! trade at your own risk ********** I think that $6k is definitely close to the bottom of this bear market, if not the bottom. However, I don't think that this bearishness is quite over yet. I just don't see bitcoin breaking the all time high this year, because of the fact that the year hasn't been off to a great start, and a correction is most likely going to come soon for the rally that's pushing the price up right now. Realistically I can say that bitcoin may once again establish $10k as support this year, but I definitely wouldn't jump to conclusions by saying that an all time high is going to happen within 2-3 months. I just don't see that kind of momentum in the markets to push it up like that. |
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Bitcoin is now on up trends . What you think , Bitcoin will hit 11k by next week end? I think so . At least Bitcoin should cross 10.5K by next week.
If $10k is hit, then I'd say that there is a pretty big chance that we're going to see $11k very soon. However, the resistance at that zone is very strong as well, and we don't know if we are able to breach that level within the week or not. We already saw yesterday that prices went down under $9k following the huge pump up to around $9.5k, which is where it adjusted. Bitcoin might see a pretty sizable correction if we retest and fail to reach the 5 digit mark. So I'd say that there is every chance that bitcoin will hit $11k by next week or w/e, but it solely depends on whether this pump keeps going and breaks through price resistances, which is entirely unknown at the moment. |
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Why does Hitbtc work so slowly? They seem to be a trusted entity but people keep talking about them being slow with transactions. Does anyone have thoughts on this and any success stories with them??
Firstly, they are definitely not trusted. That's why they have negative trust on bitcointalk. They also accept money to list a coin on their site, which usually means that they don't care about the customers as much as getting people to list coins on their site. There has been a ton of people who has had their HitBTC accounts compromised even though there was sufficient security measures and it was unclear if it was a breach from the inside. If you're talking about support being slow, HitBTC from what I gather definitely has some slow support responsiveness. Do expect to wait up to a few weeks for your ticket just to be handled, and the answer always seem pretty automated. But their speed of deposits and withdrawals are probably around the same as other sites, although I definitely wouldn't use them if I were you. |
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Hallo,
2 month ago i bought 0.027 BTCs from Bitcoin.de. Thus i send to my wallet at Coinapult.com. In my History i can see, that the Transaction is "canceled", so i dont have acess to my Coins. Also i cant reach the support. I am new at all of this and i read aboit coinapult as a good online wallet in the internet. I would be really greatefull, if someone could help my getting back my Bitcoins,
Regards JrBitcoinMiner
Hi, I bought the Coins on January and sent them to my coinapult account. But since then its status is cancelled and i am not able to contact the support. I called lots of timey, the answering machine is full i cant record anything also through email i dont get any reply. idk what to do it is lots of money for me.  You're certain that bitcoin.de actually sent the transaction, right? If you are, then it's definitely something on coinapult's end that's going wrong. I don't understand why a deposit would be cancelled, if it has received the sufficient amount of confirmations and has arrived at the destination address. Never has it happened that way. Either a transaction shows up or doesn't show up in the deposit history. I haven't seen any service cancel deposits. Including your deposit txid will probably help as well, if you have it. Anyways, only coinapult's support people can help you with this. We don't have access to their wallets and stuff, and it's up to them to respond to your support messages unfortunately. Next time, I'd suggest using Electrum as your wallet if you don't want the hassle of syncing the blockchain. Coinapult is pretty much a dead business. |
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i was using this site ( http://bitcoincrack.org) to check all bitcoin private keys using software downloadable from the site. i check it now after long time, and i see it's updated and now works online without any software.. anyone used this site before? and how is possible to get used wallet address while it checks 15 addresses per second? This isn't any different to just generating a new address on bitaddress.org, or whatever. The chances of finding an address with any kind of usage history are extremely low, let alone finding an address with a balance. It's extremely improbable that you'll ever find such a collision. It does seem like a copy of directory.io. Both sites are quite misleading, because you're pretty much just wasting your computing power refreshing that site all the time. If such loopholes do actually exist (which they do not), then the bitcoin network wouldn't be considered as secure as it is. |
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There is a chance that bitcoin may go lower following the correction that may happen in the near future, as this rally comes to an end.
However, I'd probably say that even if BTC does go lower than the previous $6k bottom, it probably won't go down much further than that. The support at $6k is extremely strong, and whenever BTC had come near it it rebounded swiftly each time.
With the huge influx of institutional investors in BTC, we can probably see BTC's prices starting to appreciate drastically, as soon as this bear market is over. But it will take time, in my opinion. Nothing of this sort happens overnight.
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What happened:: I was looking to purchase some bitmain coupons, but saw the related sticky thread too late (I know, I am a noob), so I paid 17$ in ltc for a 220$ coupon, or, in other words, for a rather cheap lesson. Half an hour later or so, I got an email suggesting to upsell me one of his other available coupons, as the one I bought was "sold out". Obviously I skipped his offer, suggested a refund, never heard back from him, never got any coupons, and got my posts deleted in his thread. Again, rather cheap lesson to be honest, this could be much worse (not sure if I would be as dumb if more money were involved though). Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=1923831Reference Link: https://bitcointalk.org/index.php?topic=3357608.0https://rocketr.net/sellers/g1shopAmount Scammed: 0.11360625LTC/17USD Payment Method: Litecoins Proof of Payment: https://chain.so/tx/LTC/58d4dbd751acc57ef673e8cfdeb7395e0b46a5d6a2bb89a045427645b520c177PM/Chat Logs: Not many really. I told you guys, I am a noob . So, I bought through an auto-processing option. Here is proof of him deleting my posts though, and that of another user. I also attached the above mentioned follow-up email. https://imgur.com/a/k4yt9fVAdditional Notes: The user seems to have a farm of accounts, interacting with each other to seem normal. Other possible usernames, apart from G1Shop, based on the link below (different forum, same user, obvious through posts history and patterns): toshenshop GetAndPlay DanaLika lekr0 bs-thomas https://forum.bitcoin.com/post171066.html Nice to know that you've learned something from this experience. I think his autobuy got taken down because of a lot of people getting scammed, and rocketr finally did something. But just because Rocketr did something this time to the scammers, doesn't mean that they always do it. 99% of the listings on the site are still scams that they haven't attended to. The biggest warning signs are if a seller has a self moderated thread so that he is able to delete any comments of people who has gotten scammed; if the seller has a locked thread, so nobody can comment; and if an autobuy link is used. In this case, all three warning bells should have rung. Remember that autobuy links don't offer any escrow protection. They are different to bitify, etc. Even if the goods are delivered there are no guarantees that it's not fraudulently obtained. |
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Looking from his name alone, it's probable that the account was made to scam people in the first place.
Hopefully, you've learned your lesson. Don't trust a random newbie over the forum to send you money after you send him anything, because that's just not going to happen. Always use escrow to protect yourself in trades like these, unless you are certain that you can track him down or charge back the funds if you do get scammed, which isn't the case here.
Can someone on default trust give negative trust to the user to prevent him from scamming anyone else?
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