The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago. With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash? My question is why Africa will go behind where most of the Continent are crazy in crypto investment. Though African countries are struggling in food and safety but i think its very near that Africans will be more active into crypto and that will be wonder for all universe. I don't think how we generally view africa reflect how the country really is. I mean yeah, the horrible situation of hungry children and dying people are a reality but some parts can actually cope up with modern technology and innovation. And i think given the right access, btc will be well accepted here. |
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As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
Yea, i think so, It was too distance price between 2017-2016 price. It should slow and steady so that we may happy today with BTC price. Actually when men accustomed with high demand and that time if he not get that, this is very problematic for them. But if anybody grow up slowly he can easily adopt with any bad situation. In 2017 price was so high and it was more than our expectation but it is only because we really supported and people invested for long term without any problem, but suddenly whales attacked the market and they sold so many coin at once which made the price down, so in 2018 price was low but now again there is a hope that market will recover and price will be high once again. It was clearly because of FOMO, people got caught with it, they think BTC will still rise and it will change their lives. People learn their lessons the hard way, their wrong mentality that investing in bitcoin could give quick profit lead them to big loses, but it's still not the end. They can still make profit with investing in crypto, if they will be patient enough and start to be realistic. Both were out of the expectations of almost all of us. 2017 was unnatural and good for those who made real huge profits from it but it was destined to get corrected big time. 2018 was a year of correction but not many of us expected it to be that bad. And the worst came in the 4th quarter where we again were expecting, this time for the price to recover. See where our expectstions are taking us? Lol. |
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Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.
I also can't find the right source that can increase the market. Therefore, I only think that now many new investors are starting to dare to invest and strengthen their trust in crypto, especially bitcoin. This is a joy after a long time the market has decreased. I've read somewhere that a single transaction worth millions actually started hiking the price of btc up. Of course that's still up for speculation but if it did, it made a lot of people excited and probably started a hype that led us to this point. I don't see a lot of people complaining lol |
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no, the value of bitcoin keeps moving even every minute. if noticed, even if only a few percent, the value of bitcoin actually continues to move. and we are still waiting for a big move, whether it will lead to high or fall.
Most interesting is that it really small percentage price increase but its constant. It never was like this in past so this can be something good, maybe we will see finally price moving little bigger but after these few spikes I dont thinks so. Maybe someone is testing new price. You must have been dreaming or sleeping,,, BTC jumped in a sudden move over 15%, and more than 20% in 24 hours, and then it dropped back again but is now climbing back up to above the sudden move. This does not seem like a slow increase does it? Of course new prices are being tested, and the most important will be again the 6000 range which BTC was stuck at for so long before dropping to 3000. Bottom line is that the market is not stable at all. There a fluctuations and volatile movement all time, it just varies from slow to aggressive. Currently it's moving slowly with more on the upward trajectory but there's still the occassional dips of course. |
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I though that the 2013-15 correction lasted for more than 2 years... or perhaps I was wrong. Back then, it started with the Mt Gox robbery. The prices suddenly plummeted to less than $200 per coin, before recovering to around $600 within two months. Anyway... if this is true, then I would say that it is very encouraging news for us. It means that we can expect a spike very soon.
It might be the longest in recent times but yeah, we can look back at it and say we survived lol. Or most of us did 😁 hopefully there's a corresponding bull reaction to that long bear market since a lot of us were bled dry by that especially those who puchased end of 2017. |
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We always need cash money and we can't make all payment transaction using e currency bitcoin or altcoin because many country still not allowed for using bitcoin and altcoin as payment transaction right now.
Hmm.. that is true. Here in India, although Bitcoin is not banned, it is illegal to use it as a mode of payment. I guess the situation is the same across the vast majority of the nations. Also, Bitcoin is more suitable for making online payments and purchases, rather than the offline payments (such as super-markets and coffee shops). It may work for some people but majority is just as you said. Certain daily transactions and purchases can't be made through crypto or even credit or debit cards. They'd have to be made in cash because small time vendors don't have alternative ways other than cash. I've tried running around just with my credit card and i had a very hard time seriously. |
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I hear it all the time. Bitcoin/crypto is alternative to fiat. And almost every token philosophy is based on this premise.
The question: can cryptocurrency beat legacy financial institutions to the point of replacing them?
... Thought as much... The much lauded JPMCoin was all noise and no substance. But can an accident happen to make legacy institutions catch up to the decentralized world?
Do you think that the government would just let it happen? Would they agree or accept crypto as a main currency even if they couldn't control it? The answer is too obvious even if we want it so much it is really impossible to happen. Crypto and Fiat would always exist . - Indeed, fiat and the bank, all products from the government, the government provides this product to everyone with the aim of controlling and managing all activities in society easily, and society is working very well with these products, but if crypto and bitcoin appear and replace the role of fiat and the bank, everything will be very out of control, the government will not be able to manage, people will have the underground activities and evade the rules of the law. Therefore, the government will not allow the story as bitcoin to defeat banks or fiat, if bitcoin still tries to get into the real world, the government will take measures to eliminate it immediately. Good valid point bro. Not all people earn bitcoin and even those that do earn btcs don't earn enough to keep the circulation flowing. Too farfetched to even consider it for now though there may one day be some innovation to bridge this deficit for btc. You don't expect everyone to convert their cash and fiat to crypto right? 😁 that's the only way banks can be beaten for now. |
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Depends who is on war and what countries are affected, if are country affected where most miners mine bitcoin that this can affect bitcoin in bad and make the price goes down for some time, but if other people will try to mine it then after war bitcoin can have a huge grow.
A world war doesn't choose which country would be affected or not. Everyone, one way or another, will feel the effects of a world war especially if it includes nuclear warfare. The survivors of that if ever would have very little to start over with and will have survival problems that no one would have the time to worry about bitcoin's value. |
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Mildly bullish is a bit of an understatement. It has risen a lot this past week and managed to push itself into the recovery zone. A break back to the $6500 stable levels will guarantee it's survival and it can take a new status i.e 'recovered'.
Still far from that level and most of the achievers might be cashing out by now, the good thing is bitcoin still trying to hold on its ground and we are not experiencing any massive dumped where the value fall too much, if this will continue and additional investors to come forward, recovering stage will continue to prosper and possibilities to have a good bull momentum will happen. Yeah and that's what a lot of people are aiming for i think. And currently we're holding strong above a 5k support line and that's what i was looking at when we made this run a few days ago. If we could hold on to this level them it could possibly be a jump off to higher value in the next 2 or 3 months. Not saying it's a bull run but that would be a good start. |
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2020 Halving + More QE = Perfect sentiment.
Is this will be the last push for BTC before got rekt again? Many bagholders who bought at $15K-$20K would sell their BTC to recover their losses at that level. It would be interesting if we see that BTC could rise past ATH.
Maybe we can see some changes before the end of this year and before the 2020 halving most of the time bitcoin price is so unpredictable we just sight some pump up in the last past few days but we cannot guaranty if this run will continue. Well a 2020 halving is not a last push up for bitcoin like what I said everything can be change depend on the price action and demand of bitcoin in the market. Not a last push but it could pump the price to almost the all time high and i agree that it'll be interesting to see what the remaining holders of those who bought abive 10k, if there are even any left, would do at that point. Human instict would probably tell them to take back theur losses and go somewhere else lol. |
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oh come on $3000 is not a huge money to make any fuss about or even be concerned that much to perform KYC details and all of that. Most exchanges that i know even don't require KYC until you are making withdrawals exceeding 5BTC. KYC could be compulsory for making fiat transactions but i don't think it is very necessary in crypto transactions just worth $3000.
I agree, most exchanges do not require the passage of KYC when withdrawing funds of up to 2 BTC. I can say that the system is extremely not perfect, it can not fight money laundering, unfortunately. After all, anyone can send someone else's data purchased in the darknet. we know 2 btc is a large enough amount that can be withdrawn in 1 day. therefore I agree with you, moreover we should not arbitrarily give identity to other parties, because this is a virtual world, to keep things that are not good happening That's because withdrwing that much amount can be considered shady and i don't have any problems with that. It's the user's choice if he'd want his account to be upgraded or not and most exchanges do give us that option. I mostly use binance and even if i don't withdraw that much amount in btc i still sent my kyc credentials. |
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yes agree, Q2 2019 crypto market will look good than the month before. there is a lot of good news like BAKKT, NASDAQ, SEC that will accept bitcoin. Prediction experts like Botjoe, The Wof also said Q2 was the beginning of a bull run.
I hope it really is the start of the bull run, we have a very long recorded bear trend in the history, and investors and supporters are patiently waiting for this to come, for me it is ok to have a slow price movement as long as it is heading up, we will eventually get to the price that we all want, and maybe surpass the last all-time high. I think that in the future there is still resistance to penetrate, around the area of $ 5500 for bitcoin, there is a lot of hope when the market starts to grow and the upward trend occurs, and I am sure there will be many investors who return We're still not sure if sec decision will prove positive in the end so i wouldn't count on that just yet. Though even without that and i think even without sec approval, the market will still continue to grow slowly. I'm not looking forward to anything big but this quarter is starting to be the turnaround for the market. |
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I don't think the masses are ready for crypto adoption yet. There is just too much risk for the average user, once your funds are stolen there is no chance to get them returned. Average people are dumb and they don't want to be in charge of their own security, they feel safer with banks and credit cards. I don't agree with them but this is how average people think.
Imagine of a massive economic collapse happened though? Fiat crashing, banks closing, finacial institutions in disarray. Would these aversge people look for an alternative? I think some will be open to it but most would just be looking for things ti settle down and normalize instead of embracing a new system. |
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I would not say this early, we have seen a month ago where we all experience an artificial one, people are in a hurry to speculate because they want to hype and get people move to buying, I will just wait for the right time since I already buy a lot when some of the coins hit the floor.
Yeah, being so long in the bear market, a lot of people are quick to jump the hype with a simple upward movement. Though this isn't bad at all and i think we may see a sustained upward trend from now onwards. The problem i'm seeing is when fomo starts we see an unnatural growth the kind we had in 2017. The backlash could be worse than 2018 if that happens. |
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The future of crypto looks great everything is now jumping into crypto,
We could see that every business is being connected to it ,
There are some crypto created for music industry,Movies and almost everything so for me the future of crypto is so bright and great.
It's getting better now that the price has jumped high in a short period of time. I have trust crypto from the start I entered here and although I miss some good opportunity to sell but I'm still optimistic another chance will come to me. Today's price doesn't have anything to do with crypto's future. The value may again drop anytime soon with a correction or we may have a bull run but those things aren't that much relevant to what could happen since it's the technology and actual use of cryptos that will carry it further. Adaption would be determined be real use not by price. |
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Upon entering cryptocurrency, we should all know how to handle our emotions. It what makes every traders and investor strong. If we can't handle our emotions, we can't deal we the changes in the market. It will take a lot of courage for you to surpass the challenges as an investor because holding would take a lot of journey in here.
I think that's a prerequisite if you're trying to be an investor though having emotional control can be developed over time with trades you make. Gathering experiences and knowledge is also as important as having emotional control so consistently exposing yourself to the maket helps a lot. |
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The downtrend market is a very normal phenomenon in the overall market movement. But for investors, this is a very unfavorable time because it is difficult to buy & sell and take risks if trying to buy a certain crypto code. The downward market often drags most crypto down.
So what to do to survive and live well when the bearish market happens??? Here are some tips for you.
1. SHOULD NOT CATCH THE BOTTOM IF YOU ARE LACK OF KNOWLEDGE AND EXPERIENCE:
Normally, investors like to catch the bottom. Catching the bottom is a normal action, even helping investors buy cheap cryptos, but it is a huge risk. Therefore, if your knowledge and experience are not enough, it is the best not to see the price drop too cheap and buy it, because in fact you cannot know how much the price will drop.
The thing to do in this period is to jump outside and wait for the price to stop falling, start to create a solid price base or show signs of increasing to consider whether to buy or not.
In the three states of increase - decrease - sideways, the trend of rising prices always gives us the highest probability of buying cryptos.
2. FOCUS ON READING BOOKS, SEEKING FOR INFORMATION, GETTING MORE KNOWLEDGE
Our knowledge is very limited, no one can claim that we know everything in this market. Instead of watching the price board, charts, just find a book about investment, or crypto trading to learn more knowledge from previous people in order to upgrade your level to new heights.
When the crypto market starts to bullish, with the knowledge you have just acquired, will you invest better when you don't know anything?
Point number one is quite hard to tell I always fall on this one, maybe I'm not doing my assignment because you never know after purchase if it is still going to go down further, even if the price stop falling for a week, there is still no guaranty that it will not fall again, it's still a gamble for me. indeed it requires good knowledge and experience for point 1. but all this time I have done it by buying in stages according to the analysis that has been made, with the hope that if the price still falls again, I can buy again Even if you're full of knowledge and experience, i don't think you should always try to catch the bottom. That would mean trying to get to a point you're not sure where at. Especially in a bear market. But these are good points. I may just add to have notifications for your target prices and try to stay away from the market from time to time. |
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I think no one control the market, but indeed there are whales who can buy a lot of coins and can make the price grow or down, but they can't control all crypto market because they will need more money then they have now, they will need to gather more money from a lot of millionares to make more ups and down price.
Whales have enough assets to initiate the panic sell, impetuous pump or to hold a price in some range. Yes, they do not have all amount of btc and top-altcoins but as we see it's not necessary to have control all over the cryptocurrencies to manipulate the market's trend. FOMO and FUD also have a big impact on the market's condition. I agree to this statement even a big whale cannot control market situation in a long run maybe it can control for short then people cannot control their emotion then follow the price action that causing a pump and dump situation at a first place its hard to know who those people behind the manipulating. right, they use fomo and fud, to influence the psychology of traders, this is a kind of trap to fulfill their ambitions, and finally they succeed and bring a lot of money. for a healthy market, of course we all control the market Lol. The fact that they can make transactions to move the market and start a pump or dump, means they have enough money to do that with a lot more to spare. When it comes to control, the people who have lots of assets have us in their hands. That's why its important to know how to ride the splashes and waves they make because that's also how you gain profit. |
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Current bearish conditions still affect the market so that the price is difficult to experience a significant increase, but the recovery process continues and makes prices in the market go up though slowly, we are between bearish and recovery, I'm sure the baerish market will end and we will see the bullrun
I don't think you can consider this bearish at all now. Though it doesn't mean that when we're out of the bear trend we automatically get the bulls. We're likely in a transition period, or with how you said it, recovery. If we can sustain this kind of trend, even a slow upward movement, then we may be able to see some bulls starting to take over. |
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Hi guys First of all - i haven't been sending anything to a wrong address, I Always Double check the addresses if not tripple check  But! I've been thinking about all those post about people sending their coins to a wrong address - isn't there a way to fix this?  What happens if you type in a wrong address and send it? - You probably just lost your coins. Someone might be lucky enough to have this address, otherwise your coins would be stuck in wallet controlled by no one. Im not sure how the delegation of addresses works, but could i end up with a wallet with x amount of a coin in it just by creating new wallets? Wallet addresses is a hexadecimal number, which cointains more possible addresses, than humans existing on the earth - Of course not 100% correct beacuse a coins address whould be same lenght +- which will restrict the possible amount. Why? Because of safety? Or maybe the posibilty to scale the network? is there any coins with some kind of function that checks if the recieving wallet address has ever been active? If not - Why? would it ruin any kind of privacy/anonymity? It may be possible to randomly receive coins in your wallet if you create one but the probability is low. How often to people send coins to mistakenly to the same btc address. It's almost impossible bro. And i don't think at the moment there's a fix for sending to the wrong addresses. Best is to just make sure that every detail is correct before hitting that send button. |
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