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I too think soo. Its mainly due to soft approach by the SEC against crypto currencies hearing on Feb 6th.But 50k price seems to be a very high prediction.Earlier ATH of 20,000 dollars was reached mainly due to bitcoin futures getting launched and huge speculation going as a result of it.Same situation could not be expected hereafter and even such a huge price rise must not be welcomed as it would attract more speculators towards bitcoin who just want to get rich overnight.
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Yes most of the members discuss about the negativity of the market condition and indirectly promote campaigns against bitcoin making FUD spreaders happy. We indirectly become victims of FUD creaters by discussing such topics repeatedly.We must discard such talks.We could see some people deliberately targeting bitcoin.They would just say that bitcoin is dead or bitcoin would be dead or bitcoin bubble bursting.
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How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?
Please, share your thoughts. I'm a bit confused about what's happening right now.
Regulations are needed to avoid innocent people getting scammed since all cryptocurrencies are decentralized and there are no authorities to complain in case of scams. Regulation has helped Japan to turn in to a crypto country which has become an eye opener to other nations.Regulation would bring more people towards cryptos as people would be willing to trust it if government does not ban it.Without regulation, mass adoption would not be possible. |
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It clearly shows that the down price after the crash is not the final and every time,it would be reaching ATH.So,yet we are going to experience another big bounce.Its very well known by early holders and so they never scream on seeing any dips and just buy as much bitcoins as they can.Never become weaker hands by selling and always tend to be strong hands by hodling and buying more bitcoins.
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A good solution will be mass adoption.
Once this whales sell all their then it gives opportunity to those who have a little money and average ones.
With that we can somehow divide the amount whales will buy.
Then repeat it all over again until they will see there is nothing left and they cannot buy back again.
The problem is we are not yet that large and some are in panic selling their coins once reached a higher amount.
Exactly.Mass adoption is the only solution to this problem.We should buy bitcoins and hold it in long term basis.By doing this,the big whales after trying to dump the market,they would not be able to buy bitcoins again at cheap price.So they won't be doing this in future vigorously as they won't be willing to give their bitcoins deliberately in to the hands of other people. |
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You are right.Only bitcoin has succeeded in revolutionizing the world economy.Smartest people still support bitcoin and the greedy hunters just jump from bitcoin to altcoins and from altcoins to bitcoin vice versa.They actually don't believe in bitcoin or altcoin.But the smart people just stay with bitcoin admiring its achievements and potential without concerning about its price fluctuations.
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First time posting. Just wanted to say, I feel Banks/Governments have no right to apply their own terms of use to a crypto currency. I think the manipulating they are trying to do should be challenged in court. I as a miner have lost value to my holdings in a non centralized currency because another entity tried to manipulate it's value. I'd like to sue. I am currently holding, firm believer that crypto is here to stay and will force governments to redefine/rethink their own currencies, not cryptos. Totally predict an "IF YOU CAN'T BEAT THEM, JOIN THEM" from Banks and Governments. I won't honestly try to speculate the future of any type of crypto, but it is clearly here to stay. In the mean time, I think a class action needs done.
Unfortunately we could not dictate any banks what to do and what not to do.Legally,we could not stop any banks or governments from issuing their own crypto currencies.Its an open market.But whatever the banks and governments try to issue their own currencies,still they would remain centralized and they would not be welcomed by people.So,they may not be a threat to existing crypto currencies. |
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AND START PRACTICING BUYIGN !
That's what early investors do silently during each dip neither they shout that price is getting down nor they just hodl.Rather they continue to buy more along with hodl.If you have enough investment to buy,then you could buy more bitcoins during each dip thereby increasing the holdings.Buying gradually small amounts of bitcoin would one day turn in to a whole bitcoin becoming a valuable investment. |
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See yah! Bitcoin is approaching for a new run, not down but a faster bullish run again. A jump from 6200$ to 7500$ is a good sign.
Time to regret for those who panic selling and those who doesn’t buy on dip. But it’s not too late, there’s still some time as we’re now heading to a new heights. Ride along bitcoiners, you don’t want to be left behind. Are you?
Main reason for the return of this bullish trend might be due to some positive signs seen on the statements made by the head of SEC yesterday when discussing about the stand of SEC and CTFT on crypto currencies.They have admitted that they respect the people's interest on this crypto innovation.If his is the reason for the bullish trend,then we could soon expect crossing $10,000.One again bitcoin saying good bye to weak hands. |
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Yes when compared to the price on october 2017,bitcoin price is still high but most of us don't want to admit it and we just get ready to become victims of FUD spreaders that bitcoin price is crashing or that the bubble has burst.Instead we would have to be staying cool without any fear since bitcoin price has not fallen below its october price.
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"Lloyds Banking Group is reportedly barring its customers from using credit cards to buy bitcoin and other cryptocurrencies."
Does it mean that bitcoin purchase is not welcomed by some banking organisations?
The specific issue is about credit card purchases, debit card and wire transfer is OK for them. Banks are against cryptocurrencies because of various reasons, the reason of this credit card ban is the volatility of the prices. Just imagine that someone buys bitcoin with a credit card at $10,000 and the price drops to $8,000. At the end of the month, the person needs to repay the credit card debt but because of the $2,000 price difference, it's not possible (or not easily possible). Banks don't want to run the risk of this, so Lloyds has decided to ban the crypto related transactions in connection with the credit card. If you use a debit card, you spend your own money, so it's not a real problem for the bank, it's only if you spend their money with the credit card. Yes.This seems to be a very logical explanation for them to ban using credit cards for bitcoin purchase. Otherwise many would have thought that its just a regular act of banks against bitcoin.If banks continue to allow purchasing of bitcoins using credit cards,then one day they may even collapse.So,it would be even followed by banks all over the world as they would not be wanting to risk their businesses. |
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I think that its already down and so instead of waiting for some more dip, you could better buy it now as the FUD that India would ban bitcoin has gone, it would once again start to increase.Its already low and don't consider it to fall more.Otherwise just as people missed a golden chance to buy cheaper bitcoins during august 1 fearing about hard fork,the same situation would happen for those who have not bought now.
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Hello anyone know how much more time bitcoin required in bitcoin correction and when market will be stable again actually i am planning to buy some bitcoins but still confused it will go onward 9K or will decrease some persons told me bitcoin will down to 6K then go up approx 35K or more after 4/5 months ? what you suggest me ? and who is correcting bitcoin i see many peoples loss their money in panic  I hope that bitcoin has almost reached its bottom price and now after getting a little bit steady in this price, it would once again start to increase.Bitcoin price seems to be always unpredictable.but one thing could be surely said that bitcoin has never disappointed its investors except some newbies complaining about it.But the fault would be on their side for selling bitcoins at very low price due to getting panic. |
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When the bear market comes, there will be a lot of bad news, just as recently.
South Korea, China, India are trying to regulate the cryptocurrency market, and facebook has banned the use of ICO advertising, and all the problems have been magnified, and people are losing faith in bitcoin.
Yes bitcoin price is already down and some people trying to add fuel to the fire by highlighting these kinds of news.Once again, the newbies would be the victims in this game.Regulation is fully different from banning and we could hope that indian government would realize that banning would not give the desired results and instead regulating bitcoin would give a new and huge source of tax revenue to the government.It should follow japan in this matter and not smaller countries like bangladesh to ban the currency. |
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India just BANNED Bitcoin? Will BTC now crash?
I am sure India didn't ban it yet. The finance minister said that bitcoin is not a legal tender in India and the expert committee recommendation is currently being reviewed. That means, you can't use bitcoin for purchasing or selling of any goods or services. But they didn't mention anything about bitcoin holdings of the individual citizens. They didn't ban investment in it. I watched it live so don't fall for any useless newspaper reproducing it in their own language. If you are holding bitcoin in India, you are not doing anything illegal. So that is not the reason for the bitcoin's downward price trend. There must be some other reason and I will appreciate if anyone can point it out. Yes it has not been banned till now officially. Just an announcement has come from the finance minister that it is not legal for payments and yet no actions have been taken. Just some people trying to spread FUD. Six months earlier,the indian government formed a committee to give its suggestions regarding legalizing virtual currencies.Hope that its report has not been yet submitted to the government and the finance minister is just waiting for the committee's report to proceed further. |
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We all know that the CEO of JP Morghan termed bitcoin as a fraud which made bitcoin price to fall a little.And now he says that he regrets for calling bitcoin a fraud and terms that blockchain is real.It seems that he had already bought much cheaper bitcoins during that dip.
Hope that we could soon expect more wallstreet fat boys who earlier criticized bitcoin to do the same.
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ICO marketing is turning into an industry of its own, no matter how bad your idea is, how non-implementable your roadmap is, how economically unsustainable your model is, still marketing is worth to get a few thousands of dollars and get away with it, this is what the majority of ICO boom is turning into. There are definitely some awesome projects, but you can't stop the bad ones from bloating the cryptospace, majority of them would collapse sooner or later. ICOs are in its initial stages, there would be brilliant/good/average/bad/scam projects, but I think once the cryptospace has a steady flow of brilliant and good ICOs, no one would bother about the bad ones.
And sadly people are wasting their money in these types of projects knowing that it could end up being a total scam and the dev/coin team would be running away with their money. The number of ICOs that I see that would have no practical use for people nowadays have increased worryingly, that's why the government also became strict on ICOs popping here and there and other countries just banning them at all. This is the lowest point of crypto, I should say, since most people care about their profits only and the actual purpose of cryptocurrencies have been forgotten. Absolutely.Today there is a condition in which any person who want to scam people could start an ICO and just run away with enormous amount of people's money. Yet there are some promising ICOs too coming as even institutional companies launch ICOs to raise the required funds for their projects. But in between such large number of scam ICOs, they even get unnoticed . it's a huge drawback of ICO that there is no governing body to regulate it. |
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Switzerland has always been a friendly nation to bitcoin next to japan.Now yet,it has taken another step forward.Its really interesting to hear from switzerland such a thing when most of the countries take a stand against crypto coins.
The financial country of banks Swiss taking such a decision adds more value to the subject than a smaller economic state taking such stand.
We could hope that this move from swiss would make other world countries to rethink about their stand against bitcoin or any other cryptos.
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USD is already in its final stage to enjoy as the global reserve currency.It has already enjoyed 70 years the privilege as global reserve currency.If it had been the period just like before eight years,we had no other choice to invest except USD or gold.But now,most of us consider cryptos as the ultimate choice.
It does not make sense for anyone to chose USD or any other fiat currency which is subject to deflation in this crypto world.More over,investors would better feel to stay away from the government radar by investing in cryptos instead of investing in fiat currencies.
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