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Major resistances have been blown like a tower of cards. This is only the beginning. Expect $7000 short thereafter. We may get to $10000 this year if the segwit2x corporate takeover is beaten quick enough. Im hoping everyone with power in bitcoin crushes the corporations involved in the hardfork.
If we get past segwit2x, it will be smooth sailing. For now let's enjoy the ride.
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I loan now.
No need to buy when things are so expensive ... and Bitcoin value evolve more quickly than ... leasing cost.
You loan what? You mean in Poloniex? I was considering getting on the loan game to get some BTC going with my stack, but honestly at the end of the day it's an huge gamble. At any given time, Poloniex can get "hacked" and then your coins are lost. We all know that keeping big amounts of BTC on exchange is a mistake, and to make gains in the loan game we all know you must be holding a big amount... and it ends up feeling a ponzi. It's very tempting to have money parked there and make more money doing nothing tho. |
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My investment in Bitcoin has almost reached my target retirement fund amount, which I can put the money in some boring index fund to generate enough passive income for the rest of my life.
However, I don't want to sell all my Bitcoin at once, I'm a strong believer in Bitcoin, and think the future is bright, however, I must secure my profit as well, btw, I'm invested about 99% of my wealth in Bitcoin.
One exit plan that I came up was:
Sell 10% of my BTC once it hit my target amount, sell 20% on next year, 30%... and so on.
Illustrate: If I have 100BTC, sell 10BTC first year, sell 18BTC (20% of the 90BTC) next year...etc.
This exit plan still gives a lot of weight in Bitcoin, which means I'm still going to have a high-risk portfolio for next few years, the pros are, I believe Bitcoin value can multiply.
So what'll be your exit plan if you've had enough Bitcoin to live the rest of your life?
Im not selling a single BTC unless I had so many millions of fiat that I could take the big chunk of BTC, sell it, and still have a big amount of BTC in cold storage. I have become used to having sovereign money that I can't live safe anymore without none of it. I will always need to hold some, you never know when things can go really wrong in the legacy banking system and then you will miss holding BTC. My advice is whatever you do, always have a minimum of 21 BTC in cold storage, so you are always part of a small elite of less than 1 million people. |
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It's not only due the BGold hardfork, most people don't even know about that. Other fundamentals are making bitcoin bullish. Wall street money is coming soon with Ledger X. Goldmans Sachs and Wells Fargo want to get in and open trading funds. This alone will make BTC go $10000+. Now we just need to get past the segwit2x attack and we will moon further. Technical analysis was also bullish on every time chart. Daily, 4 hour, monthly, you name it. Everything bullish. |
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People want to receive their free Bitcoin Gold and their Segwit2xCoin forks and dump them for more real free BTC
Reasoning is correct but not complete. To judge frankly: Bitcoin Gold brings only 5% profit (super super optimistic) But buying BTC ($800/BTC at the beginning of the year) with $5000 is a major risk (because BTC doesn't cure cancer ... yet) It's not a risk to buy BTC at $5000 if you believe in what bitcoin can accomplish long term, it's not risky at all. And now on the technical perspective, we are going to test $4910 soon, if we get through it then we will have a second opportunity to reach ATH. And on the fundamentals, the price will keep rising after Bitcoin Gold. November is still far, 20 days is a long time on crypto, we could even reach $6000 before the segwit2x attack crashes the market, and that's a cool $1000 gain if you buy at $5000. |
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By supporting segwit2x, you will not only lose money and look like an idiot afterwards, but you will be on the wrong side story, again. As we have seen with bitcoin xt, Cash, unlimited, and whatever else, hardforks never win, and the more hardfork attempts, the weaker they become and the stronger that the real bitcoin becomes, it's like a negative asymptotic curve, it will tend to 0, so you always win by holding real BTC and dumping forks (unless a fork has somehow 100% consensus)
I get you. To a large extent I agree, which is why I think "Segwit2x becomes another BCH" - i.e., a semi-irrelevant satellite - is one of the two likely outcomes. But let me put forward a counterpoint. What makes Bitcoin valuable in the first place? I'd argue that the most base, most meaningful factor is that transactions are atomic and irreversible. Okay, what makes them atomic and irreversible? It's that, in order to reverse a transaction, someone would have to have more computing power than the rest of the network put together. Now, I don't like that miners have taken the law into their own hands on this topic. Miner incentives are not really aligned properly vis block size questions. That's part of why, when the Hong Kong Consensus called for 2MB blocks (called for them! planned to implement them!) it gated their rollout behind "broad acceptance" by the ecosystem. But the problem is, if 90% of the hashpower really does move to Segwit2x, staying on the 1MB+ blockchain now puts my atomicity and irreversibility at risk, because there now exist many, many pools with the hashpower to unilaterally 51% attack my preferred ledger. I'm not talking about Jihan Wu here; an operation the size of Slush or BTCC, with sufficient ideological motivation, would have enough power on their own to render the 1MB+ blockchain literally unusable. Now, if that happens, would some of the other NYA signatories switch back to mining 1MB+ to outvote that asshole? Hopefully! That's what's happened when ideological splits have happened on other coins. But now we have to worry about it, when we didn't before. Isn't that a reason for businesses to switch to Segwit2x regardless of their ideological take on how it was rolled out? That's what makes this fork different from the others, and why I feel like there's risk here where there wasn't in past splits. The attack of a 51% attack is clear, but I don't think they will have enough hashrate. f2pool has already said that they will not be signaling for segwit2x. And then you have the ones saying that will mine both, even ViaBTC recently said that they will mine both if it's profitable. Im not worried, the "intention" doesn't matter. And there's still time for more and more services to keep dropping from the agreement. Remember that Unlimited had 70% hashrate at some point. We'll see what happens this time. But if BTC can be taken over by fiat bribed actors then it's over, so we need to get over this and win. If we win this time, the hardforkers will give up for a long time until their next attempt (because they will never stop trying) |
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It'd be interesting to hear your analysis on what makes you think that $4600 will be the baseline price. Don't get me wrong, I think we'll be seeing a new ATH very soon but that's not to say that it won't have its hits too. Sub $4000 is still very possible. Either way, buying at around the $4000 or $5000 won't make much of a difference come 2 years time. Both would be considered bargains  It's pretty simple, I just look at the previous resistance points and those are the places where I expect Bitcoin to bounce back towards ATH because at the end of the day, people want free money, and Bitcoin is the place to be with all these hardforks coming. People want to receive their free Bitcoin Gold and their Segwit2xCoin forks and dump them for more real free BTC, so these resistances will be very solid. As we are seeing, we are back to $4800+ I expect the ATH resistance to be broken this week, next week as of late. It will try for a while in the current ascending triangle formation so if you day trade and like risk you can try on that range. |
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Hi, apologies if this has already been asked .. I saw a few topics explaining a bit but I am still confused.
I have a little bit of money in bitcoin.. on Coinspot.. Is the Bitcoin Address my bitcoin key?? I assume it is.. but I am wondering why we need to put it in a wallet even tho I believe Coinspot will give out Bitcoin Gold after the fork? I do have a blockchain.info account... should I put all my bitcoin in there before the fork? Will that site automatically give Bitcoin Gold ? Clearly I'm a bit new to all this.. but any light you can shed on this would be helpful.
Thanks..
John Titor
You should own your own private keys. If you are trusting some service in doing what they are saying, you are going to be sorry. These services are known to change their word out of nowhere. Trust no one but yourself, so get a full node to have 100% control of your BTC ( www.bitcoin.org, download a full node today). If you don't want to... at least get an Electrum wallet, it's definitely better than having them on some webpage. |
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Typical retrace when the acceleration of the price is too steep and it fails to crush the ATH mark at first attempt. Well good news for these that still didn't buy, time to buy the dip and enjoy your $5000 coming near your soon. Clear ascending triangle still at work and if you get out now you will make a great mistake. We aren't going any lower. $4600 is the lowest attempt if you want to gamble to get as close as possible to the retrace. If you have been around the bitcoin game for long you should know that taking these chances is a mistake, just buy the dip, this big red candle will not last.
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By supporting segwit2x, you will not only lose money and look like an idiot afterwards, but you will be on the wrong side story, again. As we have seen with bitcoin xt, Cash, unlimited, and whatever else, hardforks never win, and the more hardfork attempts, the weaker they become and the stronger that the real bitcoin becomes, it's like a negative asymptotic curve, it will tend to 0, so you always win by holding real BTC and dumping forks (unless a fork has somehow 100% consensus)
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As the title says everyone must get asap their coins from exchanges, startup that will not protect their platform or they dont care to protect their platform from the replay attack problem. The reason is that will be very easy for someone to attack this platform and drain all their bitcoin or forked coins. Until now Xapo seems to not care to protect their customers as the last blog post says. https://blog.xapo.com/about-the-bitcoin-segwit2x-update/ Coinbase says that will split their coins and that their platform will have a replay protection. https://t.co/REQYVtTYva Bitfinex will have a replay protection and they will split their coins after the fork. For that reason they will halt withdraw, deposits to their platform for 24 hours maybe more. https://www.bitfinex.com/posts/221 Bitcoin.com will not care about replay protection and will be a great danger for everyone to keep any coins there. Until now is not clear what they will do big exchanges like Kraken, Bitstamp, Bitflyer and startups like Bitpay, Blockchain.info and is very danger to anyone to keep their Bitcoin there. Wences Caesares couldn't care less about bitcoin, he is here to make dollars, just like everyone else involved in segwit2x. Just now, here is what segwit2x dev had to say about full nodes:  The anti-node agenda is real. They want to make bitcoin not sovereign, but subjected to their corporation's decisions. We MUST stop using any of these corporations for life, they are not to be trusted ever again. The only good thing they can do is going bankrupt. The CEO of Xapo has a story of supporting big block forks. Can't trust it. |
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Hello, I have a problem. I was keeping my Bitcoins on Mycelium before a fork in August. After about 1 month I decided to claim my BCH from Mycelium using Electron Cash.
At first I empted my Mycelium from BTC withdrawing them to my TREZOR. Secondly I have installed Electron Cash and submitted all of my mnemonic seed from Mycelium.
After getting into my Electron cash wallet I've noticed my balance shows "0" and no transactions inside what is nonsense. Afterwards as a last chance I installed Bitcoin ABC wallet as a wallet especially dedicated to this types of operations. The problem is I cannot submit my mnemonic seed in Bitcoin ABC beacuse it needs only a binary seed. How can I swap it?
Have you double checked that the addresses that you control, have the same amounts of BTC on the Bcash blockchain? https://blockchair.com/bitcoin-cash/blocksYou should start by making sure you received the coins. Once you are sure what addresses you need to import into a BCash wallet. It looks like you did the right thing by moving your coins from Mycellium into Trezor first, then you also did the right thing by importing the seed into Electrum Cash... this is strange to be honest. I have never dealt with these type of wallets. I always stick to Bitcoin Core so in the case of any fork I send my coins to a new wallet, then the emtpy wallet.dat goes into the fork's client and I access the coins to dump them. I would be paranoid with any other process. Specially if you used Electron Cash's binaries whose author is an anonymous big blocker troll that posts here (the fyookball guy) |
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As an extra clarification: if the next comments are all ''bitcoin is not getting PoS'' I'm removing the thread and losing all hope in Btalk ^^.
No need to. Your analogy is correct. LN will allow a "PoS staking alike" of sorts. It will be a cool way to get your BTC to work for you, so yes, I can see whales making a decent amount by using their funds to stablish hubs. Im not sure how it exactly works, but even Andreas used the PoS analogy to refer to this: https://www.youtube.com/watch?v=GOYP4O4yetQAnd I recommend this one: https://www.youtube.com/watch?v=gF_ZQ_eijPs |
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Bitcoin are not taxable no matter how or where you use it if the country you are living in haven't regulated bitcoin yet. But if you convert your bitcoins to fiat and withdraw it on banks that will be the only time where you will be taxed.
I believe I have read somewhere on this forum where people say they are being taxed when they are either buying or selling their bitcoins. And I also know that lots of online merchants tax those who use bitcoins to purchase their goods and services. You have to look at your country's laws. Some countries have laws that say you must report the BTC you own at any time on a yearly basis, and you must also report all of your trades, including fiat trades, which is just insane. Some countries only need you to report entry point and then pay capital gains tax once when you cash out. I don't want to be no one's guinea pig risking my BTC in the process so since this is still so new, im simply going to keep holding it and not selling anything. |
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One thing always came on my mind when I entered the world of Bitcoin.
Fiat are issued with registered numbers and recycles in the name of new currency, making the old obsolete.
i.e. They never get destroyed even if the physical notes gets burned and decayed.
But bitcoin are totally different, they can be lost
- sending to unsupported address
- loosing private keys
- people dying with private keys, etc.
Which will keep on decreasing the total available supply of the coin. making it more scarce.
Won't that bring a problem the the economics, no coins left to trade situations?
I've never seen this classic argument usually coming from keynesians that say we will go under a deflationary spiral. Well, last time I checked, we have been throught several inflationary spirals, never deflationary. We will find out with BTC since this is the first proper experiment ever of an attempt of a delfationary currency. I think there's no problem. Less supply = hodlers get richer = if needed we add more digits, but 8 should be enough. |
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A Prediction of mine is that within a matter of just 10 years, the proliferation of cryptocurrencies and decentralised platforms will allow the vast majority of people to enjoy dozens, perhaps even hundreds of different sources of income. We'll no longer be bound by a single source of income or be single-source income dependant. Society will earn money according the merits of their work, not the corporate relationships that they have. A JOB will be a thing of the past and we'll work to our actual potential.
Here are a few examples...
-Steemit is one.
-AMP is another.
-Bitcoin another.
-Smart Media tokens another.
The list goes on and on...
Imagine a world where people earn money according to the value they provide.
This is the future. This is happening. Welcome to the revolution.
Enjoy the ride...
Thoughts? Agree? Disagree?
100 is overkill, but I think more and more people are managing to make a living online by doing different tasks. There's more and more kids that are making more money than their parents do by having an active Youtube channel and doing social media advertisements which is hilarious. Their parents work all day, meanwhile their kids upload gameplays vlogs and whatnot and manage to make more than them. Of course this is not the majority but some reach this level. Bitcoin will only make this better for them since they will not need to be 18+ and so on to open bank accounts and manage their own money. |
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At present we're close to the days of $4500, when the same is reached we'll go further speculating about the same to reach $5000. This continues growing with minor fluctuations which is to gain resistance. This will further make the price reach high and by the year end can expect to reach $6000 with the year end increase.
It really depends a lot on how the markets react to the November hard fork, but if it goes well then there is absolutely no reason why we cannot achieve a level as high as $6000, or potentially even more if hard fork goes well. It's less than a 40% climb, we've seen bitcoin rise by much more than that is just 1 month's time. We've got time to work with, and if market conditions continue to develop into a bull trend then it's definitely a possibility. I would like to point to the opposite, but I think we will crash somewhere along november, and of course, the only people to blame will be every single idiot involved in yet another hardfork scam. It happened in the past, this time may happen again. I would like to see more companies rejecting the segwit2x NYA to feel more comfortable come november, but there's still a big chunk that haven't said anything. The hardforkers are determined and they have a big ego, they will fork no matter what happens, it all comes down to bitcoin users to contact everyone supporting S2X and telling them to drop their support. Take action if you want to avoid an unnecessary crash possibly during an ATH. |
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Posw is goin really hard especially trustless staking definetely will be the most important development. I think it is extremely undervalued.
Indeed. My only complain about Poswallet is that it was centralized, but now they will come up with this trustless stacking method that makes it a clear buy. It is nothing but insane how cheap it is against BTC. It may have gone up in USD terms but the BTC market is still yet to react and when it does we will go to all time highs. The supply to price ratio coupled with fundamentals makes this a must have coin for the mid term. |
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As we all know, Ethereum will go PoS sooner or later, im not sure exactly when, but it should be around the corner in crypto terms. I would like to see what happens when non technical people want to start stacking too, and I think I have the answer, and that's https://poswallet.com/. With Poswallet, even your gradnma could stack PoS coins. An user friendly layout and the incentive to use it by receiving paid dividends in the native POSW coin looks like an attractive solution for non-technical users wanting to stack coins and those wanting to specultate with PoS based coins that don't want to bother with downloading a bunch of full node clients taking massive amounts of hard disk space. Masternodes are also coming soon. Definitely a coin to follow for the next months. Get updated here: https://twitter.com/poswallet |
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what do you think about below chart? I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected. In addition if you look at the weekly chart end of 2013, you will see that it is similar to today. Big correction may come soon  Based on your chart how bellow bitcoin will fall after the correction ? I don't think bitcoin is overpriced of we are in a bubble. In my opinion bitcoin would be at 5500$ now if the chinese incident would not have happened. not even new ATH reached, but people already think of corection for bitcoin price, the market is now currently stable and will probably become bullish soon, as of my opinion, there's no price correction sign uptill now. but well, none of us can predict, everything can happen, so many factors that affect the price of bitcoin, making it hard to make a decision to whether the price will fall or rising. $7000 is the next place to be before the next big correction. People aren't seeing the power of exponential growth in a disruptive technology like bitcoin, they think it's going to be a smooth ride, when it's going to be ups and downs, and we are not yet ready for a real down. Next correction is $7000 to $5000-something. All reputable bitcoin analysts agree that we are safe from big dumps at this point, as long as we stay above $3800, the resistance points are quite hard, and we only need a short period of exposure to ATH to see an huge green candle to $6000+++ |
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