I think that this topic belongs to the Speculations sub-forum. The next price correction won't be "catastrophic" or a "nose-dive" drop.I think that there will be several small price corrections of around 5-10%,all the way back to 10K USD.Those price corrections might happen in the beginning of 2021(if we are pessimistic about the Bitcoin price) or maybe they will never happen(if we are die hard Bitcoin fanatics,waiting for the price to hit the moon). Everything is just suggestions and wishful thinking right now.
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How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.
What are your views?
Bitcoin shouldn't depend on the mercy of any president,prime minister or politician from any country in the world in order to prosper.The Biden administration won't be that different from the Trump administration or the Obama administration,so there's no point of discussing such topic. Just like the libertarian economists from the past have said "lesse fair"(I don't know french) or "let it be". Bitcoin will prosper,if the politicians leave it alone and don't intervene inside the crypto industry..
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Bitcoin will never fall to zero.The real question is what will happen to BTC after the pandemic ends? There are two scenarios I can think off: 1.The Bitcoin market returns to the 2018-2019 situation,which means price fluctuations between 5K-15K USD,bullish and bearish markets,uncertainty about that future,etc.. 2.Bitcoin gets massively adopted after the pandemic,so the BTC price goes above 20K USD and stays there for years+the sky is the limit. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) In both cases,there is great potential to make big profits.
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All this sounds great,but I don't get one thing. Why a smartphone app is better and more helpful than an informative article,that you post online,or a Youtube video?I think that a really informative Youtube video can do a great job for educating the newbies about the pros and cons of Bitcoin.The effort of creating such video would be way less,compared with coding a smartphone app. I guess that today's young people are more used to downloading and installing apps from Google Play and the Appstore,rather than searching on Google and Youtube.It's all about laziness. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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I'm not familiar about how atomic swaps work,but I don't think that this is a direct collision between this new technology and centralized crypto exchanges.I think that the cryptocurrency exchange platforms will adopt the atomic swaps technology,if they see that the benefits of such implementation are more than the costs and potential risks. I've heard the term "atomic swaps" 2 or 3 years ago and it seems that not much has been done with this concept and only a handful of blockchain experts are discussing topics about this crypto innovation.
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Another billionaire will join the crypto whales tribe.This is good news.I'm surprised that rich people view Bitcoin as a potential investment alongside gold.Let's hope that this will be a sustainable trend and more millionaires and billionaires will join the Bitcoin club.The real change will come once the hedge funds step in and start buying actual Bitcoins,not derivatives like Bitcoin futures or some sort of Bitcoin contracts(like what the Bakkt project is doing,if I remember this correctly).
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The corona virus pandemic might end in some countries,but it will continue to spread in other countries. Right now,the pandemic is spreading rapidly in Europe and North America,but the Asian countries like China,Japan and South Korea managed to put the coronavirus under control. The politicians failed to stop the pandemic,because total lockdowns are a very unpopular decision,which will make them lose votes in the future elections. Explaining every problem with corruption across the political elites is pretty much oversimplifying that problem,which is wrong.The problem is much more complex than we think it is.
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Joe Biden is a 77 year old Democrat and Democrats are known for social conservatism but economic liberalism. While I don't think Joe Biden will take any drastic step against cryptocurrencies but given his age, there's a risk from policy perspective! Even though nothing is clear at this moment and I am sure nothing else will come up in next 6 months because Joe Biden will look at the priority concerns first.
So let's not get worried at this time because no one knows what policy impact Joe will bestow upon the market. Just wait and watch! The price drop has nothing to do with US presidential election. It is possibly a profit booking menace we have seen!
I can't agree with the democrats being "socially conservative". Actually,it's quite the opposite. The democrats are socially liberal and "economically socialist" in their views. People,who aren't familiar with the US political system,have to know that Biden doesn't have such big power and authority to make big changes.I assume that it depends on the US Congress and Senate to impose bills that have impact over the cryptocurrency industry. The Senate is still dominated by the republicans,who can stop any bill coming from the democrats,so Biden will have to negotiate with the republicans. Anyway,there are way bigger problems,which Biden will have to face,so he couldn't care less about the cryptocurrency industry.
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Traders taking a breather and a good time for all Bitcoin critics to take a nap since they can't throw the usual "network is congested, fees are high, not good for adoption". Some people may also attribute this to the US Presidential election being over. Whatever the reason is, I'm glad that bitcoin is bouncing above $15K. Is this an indication that after a short break a push to $20K is up next? I'd love that to happen but who knows.
The US presidential election has nothing to do with the Bitcoin blockchain congestion.The network got congested due to a large amount of transactions conducted in a short time frame.Unfortunately this might happen again and there's nothing we can do about it. The Bitcoin critics will always find a reason to s*it over Bitcoin.If its' not the blockchain being stuck,it would be "Bitcoin is being used by money launderers and criminals" or "Bitcoin users aren't paying their taxes" or "Bitcoin is way too risky and speculative as an investment".The FUD list just goes on and on. Ignore the FUDsters and up to the moon! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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I assume that posting Bitcoin addresses in tweets can be considered spamming,which is forbidden by Twitter,just like posting affiliate links in tweets,even though some spammers can find a way to bypass this rule. Having a Bitcoin address inside your BIO isn't considered spamming,so it's not forbidden by Twitter's Terms of Service.It's OK to have a BTC wallet address in your profile BIO,as long as you are not spamming that address and you are not begging for donations. Anyway,I'm not a fan of Twitter.There are way better social media platforms. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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The election is over, Trump had negative attitude towards bitcoin but what Biden's administration will bring to crypto. The fact that the Fed will continue printing $$ and new stimulus is coming is definitely good for bitcoin. Never heard that president-elect Biden or someone from his camp made any public statement about bitcoin or crypto-technology, hopefully no tough regulations will be made.
Well,Biden and the democrats are leftists,so the taxes(including the taxes over our cryptocurrency profits) might go up.This is the only negative impact over the crypto industry I can think off. Other than that,I don't believe that the Biden administration is going to be overall negative or positive towards Bitcoin and the altcoins.Maybe the regulations ,like KYC,will become more strict and the crypto enthusiasts will have to abide by new rules ,like proof of income source and proof of address,but I don't think that Biden will ban the crypto industry.
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I understand the claim that USDT is a leading indicator for bitcoin price, but I'm having trouble understanding why this is supposed to be. Without a rationale explanation for this, it's just a correlation like all the other correlations that are just a coincidence. Can anyone explain it like I'm 5 why USDT is supposed to foretell btc price movements?
It was already explained many times before.More Tether in circulation means more active crypto traders,which means more market liquidity and increased demand for crypto coins. I remember that the launch of Tether back in 2017 had a huge role in the Bitcoin price explosion back then. Crypto traders should pay close attention to stablecoins,even though I am not a big fan of those coins,they can provide great trading signals. During the last three years,I thought that Tether will turn into an exit scam and the creators will run away with all the USD in their reserve.Well,now I have to say that Tether is actually legit.
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What the hell is a "partial store of value"?A financial asset IS a store of value,or it isn't(if it can't serve as a store of value,then it can't be called a financial asset).There is no "partial" in the equation. Bitcoin has proven over the years that it can successfully serve as a great store of value,even though it's still very volatile and risky.I like how he shits over shitcoins.We don't need shitcoins anymore. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Roubini hasn't yet jumped in the crypto lover's wagon,but even he admits that Bitcoin can be useful. All the FUDsters might turn into BTC believers one day. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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As DeFi continues to grow, it’s entirely possible that Bitcoin will remain the center of gravity for crypto and that smart contracts around Bitcoin will natively unlock innovation and $250 billion in Bitcoin capital. 250 billion in Bitcoin capital?WTF?The Bitcoin marketcap is NOT Bitcoin "capital".There's a huge difference. I can't imagine 250 billion dollars in Bitcoin capital.If the mainstream investors buy BTC worth 250 billion dollars,the price of Bitcoin would be above 1 million dollars for sure. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Anyway,I'm not a fan of DeFi projects,so let's see how the DeFi technology will develop and grow over the next few years.If DeFi projects turn out to be successful,then it's OK to combine the powers of DeFi and Bitcoin Core.
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Should we care about the opinions of such conformists?Today,she is bullish,tomorrow she will start the FUD campaign again. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) People like her are simply following the trends.We need true believers of Bitcoin and the cryptocurrency/blockchain revolution,not conformists and opportunists.
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if dollar goes strong agianst btc then btc goes down? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) can donate btc to federal reserve to make them not make dollar strong again and keep printing:D ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) those bankers like money i think if crypto users will donate to them it will keep btc price good ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I guess that by "donating" you mean bribing the central bankers to print more money. This is a joke,right?You know that central bankers cannot be bribed,because they can print unlimited money for themselves,so they don't need any BTC or bribes. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Jokes aside,the US dollar has been very stable during the last few weeks.The presidential elections didn't help to increase the USD market volatility.Millions of people around the world still prefer US dollars over Bitcoin,but I hope that will change in the future.
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Was just kind of curious if many of you also tend to get random calls or texts every time bitcoin goes on one of it's runs from family/friends/acquaintances asking you about bitcoin/how it works etc. I'm also curious if you're getting more calls/texts this time around, or about the same as other rallies? I found bitcoin back in 2013/14 so many of my friends and family members know this and I always get calls/texts during times like these, often conversations from people I've not spoken to in some time. This conversation I think can provide a unique insight on where things might be heading..
If I was a Bitcoin newbie,I would never do this.I mean,I'm watching TV and I see that the Bitcoin price goes up,so I decide to call my best friend(who is familiar with BTC) and ask him should I buy Bitcoins. This sounds pretty stupid and ignorant.Everyone should do his own research and decide on their own whether or not to buy Bitcoin.Asking friends and family about financial advise is the dumbest thing to do.
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We've been waiting for this since 2017. The 2017 price boost was caused by Bitcoin futures trading hype+Bitcoin Hardforks+ICOs pumping the price of both Ethereum and Bitcoin. The current 2020 price boost is caused by the US stimulus plans+the corona recession+investors looking for a safe heaven asset+mainstream media and big corporations being overall positive about Bitcoin and crypto in general,in comparison to 2017,when the FUD was massive.
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Yep,the price is heading towards 15K USD and there's a clear FOMO phase in the crypto market. However,I'm not happy with that,because I don't have enough Bitcoins and I missed the opportunity to buy cheap BTC during the past few months.Now,I'm too afraid to buy BTC,because the bullish trend might come to an end very fast,followed by a price correction.The big question is when the Bitcoin price correction will occur.
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Hi I found some martingale script for bustabit And I want to add to it something Like return to original bet if a certain amount i decided has been lost in some streak. Anybody can help me or show me how I can add this to the script
Thank you.
What kind of programming language was used to create this script?Is it python or something else? Where did you find this script?Gambling scripts that are shared for free usually contain a virus. Did you check the script for something suspicious? Anyway,martingale is useless.Bustabit has an Auto-bet feature which supports martingale,if I remember this correctly,but this is a waste of time and BTC.
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