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I don't beleive in such scenario. Yet we are only at the begininig of the month and when it comes to Bitcoin everything is possible but I don't expect for price to fall to 5000$ or under. It's more likely that it will stay somwhere around 6000$ to 7000$ for a while. So this is good period for more buying at to get ready for price rise that is going to happen afterwards.
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Looking at the dramatic posts at this forum I would say that everything is overfload with newbies and experienced Bitcoin users have gone somwhere.
You all have to get used that Bitcoin price corrections are inevitable and they will happen from time to time. And the price isn't that bad currenty so I don't see why all this panic is for. But don't compare the price with that from the end of the last year, this we will not see so soon again.
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Holding is usualy something that is related to long term period and we all know that long term investments are usualy less risky. This especialy applies to Bitcoin. It's less likely that you will lose with Bitcoin on long term than on short term so holding is good decision. But important is to define the strategy and the final goal, what the holding on long term actualy means for you (months, years) and it's important not to fall under tempation to sell.
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I'm not we can say that China actualy acts unfriendly towards Bitcoin. They wanted to regulate exchanges and market and in a way they had some wild west ongoing there especialy related to miners. The rules are very harsh and strict but they are aimed to protect the users from growing scam projects and also to protect the economy.
At the end Bitcoin in China will survive and miners and exchanges will adapt.
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Like you've said these are only speculations and you can't rely on that. Market is complex and depends on various factors that can't be exactly calculated.
I know that many are eager to see huge price rise again but Bitcoin is not fulfilling our wishes and despite some opposite opinions Bitcoin market can't be easily manipulated.
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To improve the economy in countries Bitcoin should be formaly introduced and recgonized by economic system and that also mean full regulation and full acceptance by businesses. Otherwise it can't make no influence at all.
Honestly, I don't see any chance that any country introduce Bitcoin or any other cryptocurrency in economy for several reasons like high volatility, limited number of coins, decentralized technology and so on.
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To my opinion there is no use if it. Such predictions and forecasts are often unreal and sometimes even funny so they can only mislead you. There are too much so called experts that actualy don't know anything about trading and as a final result you will not make but lose your money. And serious experts don't do such tutorials.
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It is possible and eventualy the price will exceed 20000$ but it can't be predicted when is this going to happen. Bitcoin market is very complex and also sensitive mechanism influenced by variety of factors. If it will happen this year, it's more likely to be in the second part of the year. And I also think that this time this will not happen so fast and dynamic like at the end of the last year. I would say this was unique situation that will not happen in the similar scenario so soon.
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It is possible and service such as http://chainalysis.com/ already do this. Some government even use chainalysis services to track down stolen/tainted bitcoin and it's really effective when government force exchanges/services to cooperate with chainalysis to see if user attempt to deposit bitcoin to the exchange/services. But it's not really effective if the user use bitcoin mixer or decentralized exchange to get away. But i strongly disagree with the idea of blocking/deny stolen/tainted bitcoin on bitcoin network since it could lead to centralization (such controlled miner/nodes by government will vote to block TXO which doesn't cooperate with government). Exactly cases of stolen Bitcoins or those related to some illegal/shady activities are the good example how regulation can help and why exchanges need to obey some strict rules opposed by governments. It's for the benefit of users and not to harm Bitcoin. And we are against regulation we forget that everyone of us could became a victim of cryptocurrencies illegal activities too. But I agree that blocking suspicious transactions is not the best idea, it could make more harm than good. |
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All these variety of tools are a nice try to help traders but I don't beleive in them and I think they are not a much of help. They are more like a toy.
There is nothing that will predict the price with certainty that is worth mentioning and it will not help youto to become better trader. Don't rely on tools but on your knowledge and experiences.
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I wish it would be different but the answer is no.
Bitcoin can't solve the poverty in the world or help the children, except only temporary through donations.
Sophisticated technology is hardly finding the way in third world countries and not to mention the lack of education. Then corruption, lack of resources, constant political instability. I'm afraid Bitcoin can't help with these problems.
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Having in mind Bitcoin volatility and looking at the long term strategy holding is one of the best options to do. But no matter to that don't be fuly passive, take some smaller part that you can afford and invest it further to get more profit. For perfect result it's crucial to find the balance between holding and finding the convenient way for you to use the coins.
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There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
Definitely this is because of the black propaganda against bitcoins and any other cryptocurriencies. Investors who are weak got scared off and withdraw their investments also this could be cause with the banning of cryptocurrencies in some countries in the world. The bitcoin market has been shaken up quite well but the good news is it is fighting back and has shown improvements in price in the past days👍 I wouldn't agree with that. It's not the first time that such propaganda is in action and so far it could be concluded that Bitcoin has become resilient to such influences. I beleive that the basic principle is still supply and demand and how much are users willing to pay at certain moment. All other factors are just side ones and don't influence the price as much as we think they do. |
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Google is one in the row that banned Bitcoin and other cryptocurrencies advertising, Facebook did the same.
But it's wrong to think this is aimed against the Bitcoin, it's actualy aimed against scam and fraudulent campaigns so it's actualy something for the benefits of users. We are witnessing more and more fraudulent campaigns whose only goal is to take advantage naive users and to steel their money. Something has to be done about it and such bans could be one little step in such efforts.
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Maybe it's not the ideal way but still it helps with promotion. You have to announce your project somehow and spread it among the largest number of people as possible and forum it's a good place, here is the bigest number of people involved in crypto. And it's cheaper than to pay different advertising websites or similar.
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Age is no obstacle for investing in cryptocurrencies. In fact this could be an advantage.because with age you have more experience, you think more rationaly and in advance so you can be successful investor. Maybe you'll be surprised but many older people are interested in new technologies and they are using them very successfuly.
Besides I don't think that Bitcoin and other cryptocurrencies were ment only for young people but for all people all around the world without boundaries.
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Another speculation, I would say. Don't know how this was calculated but I don't think that begininig of April would bring some significant price rise. For the moment I think the price could recover to 8000$ to 9000$ again.
And I don't think this is the result of social networks baning crypto adds or some bad news coming from US. Current situation with price lasts longer than that.
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To be honest I don't believe much in predictions, not ones published here on forum or elsewhere. Rarely they are reliable and often they can mislead. Often they could also reflect different interest groups. I'm watching the market analysis but don't bother with them too much. I'm more oriented to my own experiences I've made so far and what my common sense tells me to do.
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Nothing is worth taking your own life, especialy not the mistakes in investing in cryptocurrencies.
Of course that everyone should estimate the possibilities and how much can be invested without some serious consequences but even if big losses happen it's not worth of a suicide. There is always a way out, don't forget that, there is always someone who can help.
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To my opinion this is not going to happen, Bitcoin price will not go under 5000$. In fact I think 6000$ could be the lowest in this round of downfall. Although we mustn't forget that everything is possible with Bitcoin currently market is not showing some signs of further fall in fact I think the price will recover soon and go over 9000$ again.
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