How would PayPal benefit from such a strategy? Let's say they are in cahoots with the government and they take people's bitcoins....do you think it would benefit them at all? If a Bank takes people's money, they would effectively kill their future business... because nobody would trust their money with that Bank ever again.  I just think PayPal saw an opportunity to make some extra profits from a competitor payment option. If you cannot beat Bitcoin, you rather join them and profit from it. (This is what some exchanges are doing... the ones with the high profile Bankers)  PayPal are effectively helping governments to strip pseudo anonymity from more and more Bitcoin owners, by putting an identity linked to their coins.  Your logic would have been on point,if we were talking about a legit business,not about Paypal.  Do you think that a gigantic billion dollar corporation would care about the online business of some "average Joe",who is generating less than 100K USD per year selling stuff online.I don't think so. Anyway,you are right about Paypal trying to join the cryptocurrency world just for the sake of getting more revenue and profits and not because the PayPal CEO or their directors and shareholders "like" Bitcoin or the blockchain. |
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I don't know anything about this "rainbow chart",but it seems very bullish and optimistic.
What do you mean by "good price"?If you bought BTC at a price below 10K USD,then yes,20K is a very good price,but If you bought at 18K USD due to FOMO,then I don't know man,next year the BTC market might go into bear mode or it might follow the logarithms of the "rainbow chart" and reach 24K USD.
Bitcoin and all the cryptocurrencies are and will always remain unpredictable and I usually don't trust such charts,algorithms and logarithms,which are trying to predict the Bitcoin price.
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This is normal.In a bull market,most of the traders decide to HODL rather than selling their coins.
However,on the long term,the market liquidity going down is a sign that the prices might go down as well,due to the lack of a growing demand,which supports the price growth.
I don't know how accurate is this data and can we trust it,since most cryptocurrency exchange platforms are faking their trading volume in the last few years.Perhaps the exchanges are erasing their fake trading volume.
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Username: davis196 Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=710218Rank:Hero member Current amount of posts (including this one): 5711 Amount of merit EARNED in the last 120 days:18 SegWit BTC Address for Payouts: 376NEEiVa64wRuEpyPZLDeZoFMMjaqoyjJ I'm in another sig campaign,so I will update signature code,text and avatar ASAP,only if you accept me. |
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'Bouncing like a yo-yo'
During times of volatility, investors tend to move their money out of shares and into what are considered safer havens, like cash and gold.
Some feel cryptocurrencies are now being viewed as a shelter from stock market volatility. 1.The stock market(at least in the US) is showing sings of recovery,so I don't think that the investors are moving out of the stock market into the cryptocurrency market. It's just the speculative risk loving investors,who want bigger profits and are willing to take bigger risks.They are the ones investing in the crypto markets. 2.The investors who love safety and security(safe heaven seekers) will always choose gold and a certain type of stocks over Bitcoin and cryptocurrencies in general.They will always hate financial assets with high volatility. |
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Dude,your title is really misleading and a total clickbait.I was expecting you to come up with an actual theory about the upcoming destruction of Bitcoin.Instead of that,you are just writing about panic selling and your personal experience.I'm glad that you discovered Bitcoin in a darker period,when many people were hating on BTC,but Bitcoin has proven it's resistance and many FUDsters had to admit that BTC is here to stay.
With the BTC price going up,I feel that less investors will join and buy BTC,because of the fears that the price might go down,after reaching a new ATH.This is perfectly fine and only the investors that have patience will eventually take the biggest profits.
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That's great,but what's the point of sharing this info.Do you want to teach us how to play poker? Did you copy pasted this info from somewhere?Can you mention the source? I'm not interested in math and I don't care about the probability of getting a particular hand,when I play poker."Psychological" elements like having patience,persistence,and the ability to decide when to play aggressively and when to quit and the the ability to bluff are more interesting to me. |
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I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.
I second this. Christmas is around the corner and no doubt that a lot of people would be needing money for their wants and needs this coming season so it's actually a good price to sell some of your Bitcoin (at least not all of you Bitcoin though), unless you bought at a peak. This doesn't sound serious to me.Do you think that many crypto traders are going to sell their BTC just because they want to buy some shit for Christmass.Dude,people have credit cards for that. Anyways,there has to be a price correction coming.I don't know when it will happen,but I'm sure it will happen.Maybe, the bull market will continue after that correction or maybe the FUD propaganda machine will be activated in January and a bearish market will follow.In both cases,I will just HODL. |
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I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Yes,Bitcoin can make someone the richest man in the world,but why should we care about this? Bitcoin is supposed to make the community of Bitcoin users and investors rich,not just a single man. I don't think that someone is going to dethrone Jeff Bezos from his top 1 position. Satoshi Nakamoto(if he is still alive) has the biggest chance to become the richest man in the world,but the BTC price will have to reach at least 200K USD,which is highly unlikely to happen. |
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This is a weird looking lottery ticket.I don't fully understand the rules of this lottery.On how many numbers you could bet?I guess that there's a limitation. Just like in every lottery ever,the only way to maximize your chance of getting profits(or the jackpot) is to buy as much tickets as possible and fill them with different number combinations(so no tickets will have the same numbers,on which you bet). I've never seen online lotteries,that look the same as this one. In my country,the lottery business has been recently monopolized by the government and the national lottery kinda sucks. |
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Hi,
I saw a statistic online, that currently lists the percentage of hodler of bitcoin (holding 1+ years) vs number of traders who hold btc 1 month or less. Currently there are 64.99% hodlers of bitcoin vs %35.01 of traders. My question is, does an increase in percentage of traders increase the magnitude of price swings? If say the percentage of hodlers of bitcoin stabilizes in the future to 90%, will the magnitude of short term price swings also decrease? In other words does volatility decrease as percentage of hodlers increases? Is that why "bluechip stocks" are less volatile? because a large percentage of the investors are holding?
I think that the price volatility would increase if the amount of hodlers increases as well.More hodlers means less Bitcoins in circulation,which means less supply of Bitcoin on the market.This combined with a not-so-stable demand for Bitcoin would cause bigger price volatility. In order for the price volatility to decrease,we need more traders to bring more Bitcoin supply/liquidity on the market. By the way,I don't believe that your statistical data about 65% hodlers and 35% traders is accurate. |
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Bitcoin Cash tried to become the number one cryptocurrency, but suffered a crushing defeat.
Monero is a highly toxic cryptocurrency.
Ethereum is an experimental cryptocurrency, there is no certainty that these experiments will not lead to its death.
There is currently no alternative to Bitcoin. What do you mean by Monero being a "toxic cryptocurrency"?I know that hackers and sellers on the darkweb are using monero,but that doesn't make it "toxic".Monero is just a tool,just like Bitcoin and fiat money. I used to like the concepts behind Ethereum,but all the ICOs and DeFi projects make me think that ETH is a scammers paradise.Comparing Bitcoin to Ethereum is wrong,because Ethereum doesn't have limited supply and the price volatility is lower. Bitcoin Cash was created only for the sake to make big profits for a bunch of people like Roger Ver,who tried to exploit Bitcoin,but they are kicked out so they decided to create their own Bitcoin. No altcoin can be an alternative to Bitcoin. I couldn't care less about all the criticisms regarding Bitcoin.All the FUDsters will slowly accept the fact,that Bitcoin cannot be stopped. |
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Stating that there are 2.5 billion gamers and 4 billion football fans around the world is quite a big exaggeration. I think that the vast majority of those 4 billion football fans had never bought a ticket or a football t-shirt in their lives. I don't believe that counterfeit tickets are a problem in the sports industry.AFAIK,in most of the big European football leagues,people who buy tickets can enter the stadium only after they provide ID card.Do you think that people can enter the stadium providing a fake ticket AND their ID card? Maybe some day the blockchain will be used by the sports industry,in one way or another,but the process of implementation and innovation will take a while. |
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The net worth of Ricardo Salinas Pliego according to Forbes is around 12 billion dollars.
10% of his "liquid portfolio" means a few million dollars,I guess.
Not bad,but not impressive.Anyways,more billionaires and millionaires are buying Bitcoin,so Bitcoin looks more legit in the eyes of the rich elite.The price is going up and more middle class people might follow the example of the rich and start buying BTC.
I'm concerned that most of the new Bitcoin buyers are mostly speculators looking for big profits,rather then fan of the technology behind Bitcoin.I guess that they will buy and use some BTC,in order to appreciate the concept of blockchain technology.
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how do you know that this is a mistake and not intentional?
i am always skeptical about these cases being a "mistake". all wallets that i have seen already have a good way of warning the user of "absurdly high fees" to prevent mistakes like this one. they look more like bribes to miners or possibly even a money laundry case although a pretty bad one at that.
I kinda agree with that.The cryptocurrency exchanges are working with the coins deposited by their customers so they wouldn't care that much about high transaction fees,since all those coins aren't a property of the crypto exchange owner.However,the crypto exchange owner should "refund" such losses caused by picking a higher transaction fee. I'm not sure that this is a way to "bribe the miners".What's the benefit for the crypto exchange to bribe some miners?Higher transaction speed?Probably,but I still can't believe this. |
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Amazon will accept Bitcoin only if two things happen:
1.The Bitcoin price becomes stable in the long term.
2.Millions of people start using Bitcoin for retail purchases online.This means that Bitcoin will be less suitable for an investment asset and more suitable as an actual currency.
With the Bitcoin price going up and an expected bullish market in the next months,I can't see Amazon accepting BTC payments.Less people will use BTC to buy stuff and more people will prefer to HODL.
Maybe Jeff Bezos will buy some BTC and start trading crypto,but Amazon won't accept any crypto coins for a long time.
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Hi guys ! My name’s Dave. ข่าวกีฬา
Is it possible to do money laundering via bitcoin? I mean as no one knows if you have bitcoin and how much bitcoin do you actually own, it could be used to convert black money to white right? Or at least store your black money without much hassle. But there is the risk of its value but I think for people who have lots of black money and don't want to be caught, this risk might be worth taking for them isn't it? What are your thoughts? I'm confused.Why are you asking?Do you want to launder your money via Bitcoin? I think that privacy coins like Monero are better for money laundering,because the Monero blockchain has a built in mixer,while with Bitcoin,you will have to use a third party BTC mixer. Nevertheless,I do not condone money laundering and I don't recommend you to do any kind of illegal activities online. A large portion of money laundering is mostly done via the banking system,but only the big players can do it. |
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Some stupid clerks in the European Union think that they could stop terrorism by spying on everything.
Not going to happen...
The terrorists can simply use platforms,which aren't located in the EU to continue their communication.
I assume that this is just a proposal,so the chance of accepting such encryption ban isn't big,also this encryption ban is going to cover only the messaging platforms,that are using encryption,so the cryptocurrency industry isn't going to be affected.We don't have to worry about Bitcoin,but it sucks that our online privacy might be reduced.
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The people,who are HODLing since the last ATH will finally have the chance to get some profits.
However,I think that most of the long term HODLers will start selling their BTC,when the price gets above 20K USD,so the selling pressure over the Bitcoin market will increase,thus there will be little to no support for a BTC price above 20K.I might be wrong.
Perhaps many traders,who bought BTC back in December 2017 and left the crypto markets with big losses will return and buy some Bitcoin(and altcoins) again.
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To summarize everything:
1.Money printer machines will go full speed/maximum capacity until the end of the current financial system...
2.Bitcoin and Gold prices will go thru the roof in 2021.
3.Central banks might create their own digital currencies,but this we can't be 100% sure about that.
4.Fiscal policies and budget deficits will dig a financial 'supermassive blackhole'(which is good for assets like gold and Bitcoin,because it creates inflation).
So far this "analysis" makes sense,but what if the investors run away from gold and Bitcoin after the end of the covid pandemic?
I believe that the current Bitcoin FOMO/hype phase will be over next year and there will be a price correction.
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