Day to day the bitcoin price fluctuates why?
please share your knowledge
First, bitcoin's value is very volatile. It can go up or down even in few hours. The factors affecting the price of bitcoin is supply and demand of the crypto. If there's a lot of people buying and using bitcoin then its price will definitely go up. With the current dips, its maybe because of the new fork that's happening to BCH. Some bitcoin investments were transferred to BCH hoping that they can get something out of the fork which is likely to happen. Don't panic because the value of bitcoin will correct itself few weeks from now. |
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These huge dips will surely result in bouncing up high. I can see panic selling right at this very moment. Few believers of bitcoin has already lost hope and given up the "hodl".
Once again whales wins the game. Weaker hands end up losing their investments due to panic selling. Few weeks from now the bounce back of bitcoin price will surely come.
We as a supporter of bitcoin shouldn't let bitcoin down. This is a bitcoin forum in the first place so we should all support this technology and never entertain any FUD for we are the main
source of information from newbies coming into the crypto space.
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Only people who has less knowledge about bitcoin will go panic. Bitcoin has remained strong despite many attacks from different influential people who are trying to support other crypto rather than bitcoin. They just don't know that everything bad they throw about bitcoin, it will also affect the altcoins that they are supporting.
No one can replace bitcoin as the number one crypto and I hope that these guys will stop proving that the coin they are supporting is much better and more valuable than bitcoin.
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Low volatility doesn't mean stable. Bitcoin has experienced periods of low volatility many times, however this doesn't mean bitcoin is stable, not even close. We all know it doesn't take much for bitcoin to explode, either up or down. That's absolutely still in the cards, I mean everyone is waiting for the next bull run and some people are waiting for a big crash.
It's like saying, this bomb is stable because it hasn't exploded yet.
Bitcoin's value will never be stable until it will be fully adopted and used as a currency and once it'll reach its supply limit. No one can really predict what will happen to the values of bitcoin. I just don't know why some are claiming to be experts when all they did was just speculating. We can speculate anytime we want, since there are no facts that can back up the fluctuations of bitcoin's value. The value of bitcoin is determined by the adoption and usage of the people to the crypto. |
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No one can really tell what will happen in the future but I think by the end of the year bitcoin will perform well and its value will surely increase. Many people will try to purchase bitcoin for next year is a different chapter to bitcoin. We are nearing the next bitcoin halving and we should take advantage right now while the price of BTC is low.
Goodluck everyone and happy hodling!
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I feel sad that crypto is not accepted as a payment in many countries like India ,China ,Thailand and many other.I think the best way to get out of this is we crypto enthusiasts becoming marketers and reaching out to the appropriate persons such as marketing heads of all the places where we are expecting the crypto payment to be accepted through all the social media platforms like Linked In,Facebook,Instagram, because Social Media has the power of making and breaking something.
We will reach that moment few years from now. With the volatility of crypto values its not safe to incorporate it with small businesses. As soon as the crypto market matures and its values will be stable then that's the time most of the businesses specially small companies will fully adopt with blockchain. As of this moment, people only deemed crypto as an investment vehicle not as a currency or mode of payment. |
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Looking forward for the success of this project. Shoot me a message when its already launched. Thanks!
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I agree with you on this but this democracy that you are referring from when it comes to transacting online anonymously was being abused by some people. Some used bitcoin as a means to launder money or even purchase illegal stuffs. That is why the government is really making regulations for us to avoid such crimes that is so rampant nowadays.
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Another milestone for bitcoin ATMS has been reached with 4,000 of these devices accessible on a global scale.
Currently 6 Bitcoin ATMs go online every day! Has anyone used a Bitcoin ATM?
Looking forward to see one in our place. I would definitely test it out and see how awesome this technology is. Really loved the idea of great convenience when we talk about bitcoin ATMs. Kudos to every inventors of these new innovations for they really made our lives easier and worthwhile. |
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Better dont. Its just a scam, no more. It has not got any better, than mt gox. If anything, it goes only worse. BTC is possibly the biggest monetary crime of all time.
There's nothing you can do about it. Even if you'll run a signature campaign saying bitcoin is a scam is still useless. True believers of the technology will remain strong despite the FUD circulating in this forum such as your post. I just wonder whats your personal motive in spreading such negative topic. I can clearly say that you're one of the haters. Peace! |
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What can we do to speed up cryptocurrencies in terms of price?  ? Acceptance and adoption by the people to a certain crypto will increase its value. For you to help out boost a certain crypto you need to help advertise the good name of the project that you are supporting. There a lot of people who are investing into shitcoins that wasted a lot of money because the project that they invested their money in doesn't have good marketing strategy. Inorder for a project to be successful and to attain a good percentage of adoption rate, they should market the project or advertise their project in a long span of time and always do an update to their investors. |
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Is it possible for bitcoin to be a popular tool in the payment industry?
Even if bitcoin's value isn't stable yet, bitcoin is already popular when it comes to mode of payments. There are some people who really used bitcoin as a currency not just as an investment vehicle. When we talk about the fluctuations of bitcoin's value, its not really certain that people dumped their alt coins that's why bitcoin's value increased. The fluctuations are unpredictable and please don't believe on people claiming to be experts in predicting crypto values and reading the trend of the crypto market's performance for no one can predict the future. |
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Payment received. Thanks!
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There are lots of ways to buy bitcoin using a credit card. You may want to refer to this link. https://99bitcoins.com/buy-bitcoin/how-to-buy-bitcoin-with-a-credit-card/I never tried purchasing from those sites, so I don't have much info on how much they charge when you purchase bitcoin. Please try to check it one by one and compare the fees. Goodluck with your purchase and happy hodling! Have a good one! |
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Everyone knows the world has a total of 21 million bitcoins and a total of 17 million bitcoins have been mined. So what happens when 21 million bitcoins are exploited?
As far as I know miners have two sources of income when exploiting bitcoin that is:
1. Be rewarded with bitcoin from the number of deals they handle.
2. The main reward: the bitcoin reward, for each bitcoin block to be exploited.
When 21 million Bitcoins are mined, the second source of income will be gone. So how will the bitcoin network do when there are no miners? I do not think that with only a single source of income, it may be profitable for them when the Bitcoin price goes down.
I look forward to receiving an explanation from someone and thanks!
Please take into consideration the law of supply and demand and the difficulty of mining. As we reach to the supply limit the difficulty of mining will increase as well as the value of bitcoin. Take into consideration as well the number of supporters of this technology. Of course people who are holding huge amount of btc won't just let this technology down. The devs will always find remedy when this happens. |
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People who used crypto to scam other people should be placed behind bars for they are the one who put a bad name on crypto. There are lots of newcomers into cryptospace that lost their retirements, and huge amount of money merely because of the lack of knowledge about the technology.
When the hype started about crypto being a good investment vehicle, some made millions while others were scammed and because of those incidents, the government was alarmed and really needed to do regulations.
We should all be vigilant to report malicious activities or transactions using crypto. For it can destroy the good name of the technology and so that we can attain full adoption in the near future.
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Do you think that more countries are going to turn down national crypto because from what I heard, quite a number are considering it?
It really depends on the governing body in every country. The decision will be placed in a hearing and if majority of the votes are on pro then they'd consider it. As far as I know, those countries banning crypto have less knowledge about the technology. They only focus on the negative side of it. If only they'll consider the benefits that it can bring to industries then considering it will be their priority. |
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PoW is more secure than PoS and we all know it. Forking and mining in secret due to majority of votes from those people who staked their money will be rampant and this really defeats the purpose of transparency. He who has money will be earning more without doing anything.
I prefer PoW and I don't find it a waste of energy when mining bitcoin as long as you can get any profit from it in a secure way possible.
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I guess you won't get back the btc that you lost. When it comes to these kinds of hack incidents, they'll gonna wash their hands off of this and blame you instead for not keeping your account secured from phishers or hackers.
Better stay away from these kinds of platforms that doesn't care about the welfare of their clients. There are still a lot of platforms that you can go trade cryptos. If you want to dispute then you can send email to support and ask them why didn't you get an email notification about the transaction made.
Make sure that your email is not compromised as well for future safety of your money and avoid clicking or visiting suspicious links.
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but it sure does contribute it's own fair share of financial freedom and makes the rich richer and the poor,rich
I don't agree with you on this. Even if I'm rich,have money but I don't believe in the technology then it's still useless and when it comes to the poor that you are referring from, they don't have any interest in investing into crypto for they prefer to use their money to meet their basic needs. This technology is built as an alternative to a corrupt centralized system of currency that we currently have not as an investment vehicle. Frankly speaking, the only people who can benefit to this technology are those people who has the knowledge and willing to take risks whether you're rich or poor. |
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