1. China shuts down Bitcoin?  2. Bitcoin Drops.  3. China Buys cheaper Bitcoins.   4. Bitcoin soars. I HIGHLY doubt that China would want anything to do with bitcoin right now. They're probably interested and working on their own currency instead so that they can have a centralized currency that is technically a "crypto." It's possible that other whales are manipulating the prices right now and are trying to impact the next bullish run. I could see more individuals or investing groups cooperating on that, but definitely not entire countries, and especially not China. |
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Forget HODLing, BTC is on sale. BUY BUY BUY!
Yup. This is the right way to go. So many people can repeat buy low sell high but they get too scared to buy when everything is low. Pretty foolish of them. People also hear about all of these stories where others get rich off of crypto. Those others are the same people who bought crypto when it was low, and seeing these prices now are basically just opportunities opened for those who want to get rich as the others did. You can easily double your money if you play your cards right and buy now because of the low points. Worst case, with Bitcoin, you break even because the 10k holding point is pretty damn strong. |
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The downside bubble is soon going to collapse soon. Right now we have Wall Street, Asia (taxes), and the double dose of FUD by the media creating a massive Bubble to the downside that even broke 10k at once, and may break it again.
But this bubble is going to POP really really soon - guarantee it.
Why is it that some people only talk about bubbles to the upside? We are definitely in a downside bubble right now for Bitcoin. For alts, I agree there was a large upside bubble. But Bitcoin hasn't even moved much recently. Definitely a downside bubble for a 0.5% adopted currency, and store of value.
Bubble has already popped for the most part hasn't it? We dropped 50% from the ATH which is pretty strong in my opinion. We're now hovering around 10k. If anything now is the time to buy bitcoin; you probably won't have the opportunity to buy this low soon again. For now, sure there will be nervousness and fear in investors eyes and that's bound to happen with any drop like this. However, people do actually believe that blockchain technology and Bitcoin is a currency of the future, and that alone is enough to bring the price back up as long as people invest. I'm not too worried about the coins. |
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This is definitely a temporary decline, in 5 years time when bitcoin is mainstream the price could be 100,000 USD.
I think it's possible to see this as a temporary decline as something similar happened last time with the China FUD. Right after the entire thing slowed down, the market rose up like crazy and went pretty much exponential. The only issue I see here though is that it's possible that an altcoin takes over from here -- the markets have been doing well in the past and it seems like people are putting their money into alts instead of bitcoin itself. The issue arises with these altcoins which can potentially ruin the success of BTC. |
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At least governments in North America and Europe won't do this anytime soon.
I mean, I feel like everyone expected the Chinese government to pull something like this off ever since the whole China FUD incident. They're a communist economy and they're trying to control as much as they can in their country. It makes sense in regards to their culture. I guess one thing to remember out of this is how the last China FUD went. We ended up dropping for a little bit sure, but we also ended up rising like a rocket right after that. If the crackdowns move miners and others out of China and into a safer place for bitcoin, there won't be much to worry about. |
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This message is from South Korea. A few month ago, I was interested in Bitcoin and I searched and googled cryptocurrency. It was amazing and surprised. After that, I got to know lots of cryptocurrency coins. I thought that cryptocucurrency will be the center of the 4th industrial revolution. As time goes by, value of cryptocurrency has increased. I started invest in value of bitcoin, Ethereum and some altcoins. However, as I purchased coins, coin markets are down likes ski slope. In Korea, a lot of people purchased cryptocurrency on speculation. I was so sick of speculation. However, cryptocurrency was a hope and light of the middle class. Some people made a lot of money. Cryptocurrency speculation was overheated in Korea. Compare with cryptocurrency world market, Korea market is very higher. We called it Kimchi premium(korean market coins are 30% higher than world market). However, if someone makes money, someone must lose. I heard that only top 1% control cryptocurrency market. It was so sad. If it is true, the value of cryptocurrency was not fair as new currency. I invested in bitcoin, ethereum, etc for their value and future. However, because of overheated market, I also became a speculator. I had invested in all the mountains such as money for marriage, house and parents' money. After, I lose everything, I regret and figure out that how I was stupid. Still a lot of people believe that cryptocurrency will make people rich. People believes that high risk makes high return. It migh be true. I hope that people should invest in value of cryptocurrency not for money. I want cryptocurrency help change people's mind. And someday, I hope bitcoin, ethereum and altcoins are settle in world currency. Also, please don't make same mistake just like me.
Thanks for reading and please advice me.
The answer is no, bitcoin is not over. The entire market has been down basically. Just because we've seen drops doesn't mean the coin is completely out of it. Bitcoin has 10,000 dollars worth of value behind it. That should mean something to anyone who looks into it. I understand that you lost a lot of money on bitcoin, which I think many people probably did as well. The thing is that the more people decide to sell, the more the price will tank. It's better to hold. |
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A bit early to call the bottom, isn't it? I too am fairly confident that the USD 11,000 - 10,000 levels will hold, but I don't think we're in the clear yet. Bitcoin's movements have been too twitchy for the past few weeks. The market needs to stabilize first before we can move onward.
Yeah, I don't understand where these calls about the bottom are coming from. It seems like we may end up dropping to around the 10k mark where there are strong holds. People are runnning their money into altcoins, and that's expected. Bitcoin may not be the best coin for continuing the blockchain technology even though it was the first. I think the power of bitcoin will hang around for a while. People who are just hearing about these cryptocurrencies will start putting their money into bitcoin soon enough. |
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your title should be bitcoin price increase from $150 to $1200 was fake back in 2013
yeah well when it is 2012-2013 and market is so tiny and also it is controlled 100% by one exchange controlling more than 85% of the volume, it becomes super easy to manipulate it.
if you want to understand what that article is talking about, compare it with a small altcoin today which is only listed on poloniex for example and 90% of its volume comes from there. it is very easy to manipulate that inside poloniex. this is the same thing we had in bitcoin back in 2012-2013.
but now that has changed.
Yeah, the title of this post right now is pretty click-baity. The article was focusing on a major price increase way back when Bitcoin was practically unheard of. This makes an extreme difference because it's comprable now to someone who can pump altcoins because he has a million dollars. If he puts all that money in, he can shift the prices like crazy if the coin has a low enough market cap. Bitcoins market cap back then was significantly less than it is now. I like how this quoted user phrased his comments as well. |
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We are seriously looking at doing a Miss Bitcoin or Bitkini deal. We are currently finishing the website for Bikini Model Showdown, which is an online search and we're going to offer $100,000 for the winner. We are talking to some sponsors and investors even contemplating increasing this to the biggest prize ever online of $1 million. This could be in BTC, ETH or our proposed crypto (or some sponsored alt coin). It is going to be an international search for approx 100 countries. Voting will be based on blockchain and maybe we will do an ICO if we get enough who are interested.
What does everyone think?
I feel like you'll end up running into a lot of costs that might not be able to be met in time. The issue with these events is that you need to have a solid venue and years of planning before you can really break into the idea. We don't even know if Bitcoin will be around that far into the future. Why not start an ICO that revolves around fashion? Maybe some kind of fashion coin that brings blockchain to the fashion industry? Could streamline a lot of processes and procedures during the production phases and act as a pretty good crypto considering the vast amount of people who are trying to get into fashion these days. |
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"The director of German's central bank believes that bitcoin should be regulated through an international set of rules rather than on a national scale."
Does bitcoin need to be regulated in a global scale?
No, as that will remove one of the most important parts and principles of Bitcoin which is decentralization. Once you introduce a set of rules to Bitcoin, you have to have some kind of organization or group of people regulating those rules. When you have that, it's essentially a government that controls bitcoin's moves. Bitcoin was made so that people could use it anonymously and without having to worry about inflation/deflation from a centralized agency. In fact, if that agency ends up being scammers or people who are not true to Bitcoin, you'd end up with a true mess in your hands. |
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It's possible?
I make purchases of all the material in the company for which I work and I intend to remove my Indonesian supplier for another.
Are you trying to form some kind of boycotting because a certain supplier doesn't accept Bitcoin? I highly doubt that will ever become a reality. Remember that not even a majority of the world is using Bitcoin, and even if the majority was, the seller has no issue accepting any other form of currency as long as they have customers buying. Without buyers, it makes sense to ignore a certain type of currency, but all that matters to the seller is how easy it is to get it converted to whatever kind of currency the seller wants. Bitcoin may not be as easy to get converted to fiat, so the seller decided to not accept it. I don't see any issue in that, especially because he's running a business. |
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I definitely think this is an impactful source, but I wouldn't call the drops a dump. Bitcoin hasn't really dropped under 13000 as far as I've seen, and until I see it drop much more, I would never consider Bitcoin to be dumped. It's not like there's a few people just pumping/dumping as there are with many altcoins. However, I do think China's extreme intervention is definitely pulling the price down. They've had a significant impact on the BTC price in history, so this crack down on miners affects bitcoin's confirmation times and whatnot. I've heard that China is rumored to be making their own centralized crypto currency itself, which may explain why they're making such strong moves against BTC. |
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It's correct. I was wondered about bitcoin transaction fee when i tried to sent small amount of btc, so i search transation fee comparision between btc and altcoin. I think btc will replaced by eth for transfering to others.
It's likely that this will happen but I've heard that ethereum has a few scaling issues. It's possible that with lightning network introduced into the game that Bitcoin will get back it's position. It's interesting to see that the average fee spiked so much just around the same time there have been significant drops. It tells you about how many FUD investors there are and why they're relevant. Perhaps in the future these investors will start to flock more into Bitcoin, pushing the fees higher and starting a cycle over again. We can't tell for now. |
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Why do I feel like things just aren’t right? So much growth then things just hit a wall. Are there large forces at play (whales) slowing things down?
You feel like this because you're new to Bitcoin. Boy, if you were here way back before the first huge blow up, you would've seen true stagnation. We were stuck under 500 bucks per coin for a long long while. Sure, it's possible that whales are behind this, but this is just the nature of Bitcoin. It hits a wall and halts for a little bit, corrects itself, and then goes up again. Your best bet right now is to buy while low so that you can enjoy the path up. Altcoins seem to be doing pretty well too. It's possible that they're halting the BTC growth cycle. |
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Mobile payments in the cause of China's thriving thanks to the development of e-commerce, the use of mobile payment and offline local residents consumption habits have relations, the outbreak of the China mobile payment, also "played" policy support, the mobile payment industry is in rapid development!
What I find even more important is the availability of technology to the Chinese public. If you've ever been to China, there are so many advertisements for mobile phones and almost everyone in major cities have phones. To have that large of a population and give everyone a type of technological device to communicate with others is huge. These phones don't even lack in specs; they're pretty good overall. Having that linking part to the entirety of the population definitely helps out. China is able to take advantage of this and even though they're very centralized in terms of everything their government does, their technological prowess is very impressive. |
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I saw all kind of strange ICOs (about dogs, porno, shit, vegan, gambling,... you name it), so, why not a garbage coin?
Btw, garbage is part of our life, and any improvement in garbage management is welcome :-)
I get the recycling aspect to it, but there are already coins available for the green earth. Coins like these are starting to show up too. https://earth-token.comI think the aim of crypto should not be too just rush into anything and make a coin for everything, but to make unique ideas that push technological development instead of everyday scenarios. I'm not saying that this coin can't work if made, but that the ideas behind this coin might have already been used. |
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Could be true, Binance has been adding a lot of cryptos lately so it's normal that everyone's choosing this exchange.
But if i'm not mistaken, i read an article where Bitstamp stated that they were getting around 250k new users weekly. We've all seen the massive coverage in the news cryptocurrencies have been getting over the past few months, so it's not surprising that they're getting so many users . I'm pretty sure the massive influx of new users is one of the reasons why the global market cap reached a peak of $830b.
Overall, it seems like not only Bitcoin but cryptocurrencies have finally gone mainstream, which is nothing but good news.
This is true. With the new crypto additions, people know that prices are going to go up. Also, as far as I know, there haven't been major horror stories with binance. Many other exchanges have ghosted accounts and seemingly stolen from people, so to have the slight protection of none of that happening is a pretty strong point in favor of Binance. I feel like a good way to see how binance is doing is by looking at binance coin too. Binance coin has been doing pretty well in the past week as altcoin exchanges (especially binance) have been seeing these increase in numbers as well as exchange values. |
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I have been interested in cryptocurrency for a year already and watching the next picture. The percentage of bitcoin dominance is decreasing in percent (about 35%). A month ago, there were 50 - 55%. What do you think about this? It seems to me that altсoins are more attractive for investment and more technological, so they are increasingly investing in altcoins.
Not only is it that altcoins are attractive to people trying to get rich quickly, but there are so many new altcoins coming out and ICOs out there right now. People keep introducing more coins, and because of that, more money gets put into the altcoin market, and so the overall bitcoin dominance decreases. That doesn't mean that one altcoin is gaining more and more market dominance, but that the overall altcoin markets are doing better. Sure, I think altcoins can do better than bitcoin, but bitcoin's original blockchain implementation has a lot going for it. For the next year at least, bitcoin will be the strongest coin on the crypto markets in my opinion. |
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Do you agree Bitcoin is the New Gold. According to Goldman Sachs analyst Zach Pandl, the rapid increase in demand for bitcoin has been triggered by the growing dissatisfaction with regulated monetary systems and the current Banking infrastructure. Pandl also noted that in the long - term , cryptocurrencies like bitcoins mature and evolve into a major asset class and will pose lower return but demonstrate a high level of stability ,like gold and other safe haven asset. (source: https://www.ccn.com/bitcoin-new-gold-better-safe-haven-asset-goldman-sachs/)  Bitcoin is more than gold, so I don't think I'd actually put them in the same category. Bitcoin can be invested in as well as used as a currency. You can't really do both with gold. If you walk into a store and try to buy something with gold nuggets, you'll likely be kicked out or redirected. However, with bitcoin, all you need is to go to a BTC atm and get cash, or even better, just load up your bitcoin debit card with some money. Some sites even accept bitcoin itself as a payment. In that sense, yes, I guess you could say bitcoin is the new form of strong investment as gold was, but I think it'll be more than whatever gold ended up being. |
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If you can afford it then buy some asic miners. I would say bitcoin but every cryptocurrency on your list is nice. Otherwise ethereum. But damm... Those asics are pretty nice ^^
Asic miners are worth so much though, and to really justify the cost, I feel like you need to buy multiple. Even then, the difficulty of mining coins in general is getting worse and worse. Soon enough, we're going to need something even more powerful. Ethereum is the way to go, especially if you're just getting into mining. |
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