So, based on discussions with many friends, I came to the conclusion that it was not the wrong choices in altcoins, but also biggest coins suffer on this - long - or temporary BEAR MAKRET.
Every passing day, MOST of altcoins depreciate in value.
I'm afraid we're stuck in a LONG TIME bearish market.
I do not want to start any kind of FUG with this topic. I just a topic of debate for everyone's opinions.
Now comes the following question: How long will be needed to stabilize the ENTIRE market ?
It is hard to say how much time will be needed to stabilize the ENTIRE market, but we need roughly at least 1 year in order to market to stabilize at some point. After that, will the temporary bear market continue or not? Will altcoins continue to suffer? I guess many of them will suffer for a longer time until all shitcoisn have been weeded out of the game. It really wasn't the wrong choice in altcoins that made traders lose, it is also how biggest coins suffered from this bear market but so long as someone can manipulate altcoin price, we might always see bear markets. |
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What cryptos are about to explode?
There are many cryptos out there that are ready to get pumped hard. My advice to you is to never believe in what anyone post in this thread unless you have done your own due research first. It would be hard to predict which altcoins are about to explode but try to go for the good projects that has been stable or on a low price for a while now, I am sure that one of them might just surprise us as we see it rising in price. |
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I was watching closely few companies which had promised to deliver real crypto card but they all failed. In 2018 we have a few new players, do you think we will finally get crypto card in 2018? If yes, which company? Personally I like FuzeX card but ICO was last month so there are not even close to release. Maybe LitePay?
Just wait patiently it will come probably this year. I said so because of demand being higher on such things as adoption rate increases. I can't say which company, but I am sure that some others will try to replicate the same idea and release an ICO of their own, and I believe one of them will succeed or those upcoming ICO's will give the existing ones more demand as they might be better. |
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I need your suggestions guys is it possible for me to get upto X50 to X100 profit in any single cryptocurrency if I invest $1000 before December 2018???  What you want is possible but do not hope for a guaranteed X50 to X100 profit in a single crypto since no one can predict the real movements of any crypto and how far it will rise. To achieve what you wanted to, you must invest in multiple altcoins and diversify it. Also, sell at the right time. You would be better of just hoping for a X5 profit there OP as crypto is not always bullish to give everyone massive gains every year. |
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So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
If you are calling the price of $11,600 a bubble, then it must be the mildest bubble that Bitcoin has ever had. I would classify this drop only as lateral movement around the $10,000 to $11,000 range. The price can remain under $15,000 for a lot longer than a year. The previous highs were due to an overheated market and we will take some time to see those levels again. OP shouldn't have had called what we have seen as a bubble popping, IMO the bubbles we have seen in the past are way more enormous than this one. Instead of a drop, I would consider this as part of the normal swings that happens whenever btc is in a bullish trend. The previous highs were not only due to that overheated market, it is also caused by the fast growth in user's numbers. IMO many people have decided to start using bitcoin only last year or this year. |
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$500,000 for this year would be very bullish and there must be billions or I mean there's a need of trillion's of dollars that will come in to cryptocurrency to make it happen. I don't think so we will see it coming for this year, let's wait for more years.
I believe it is impossible(or nearly impossible) for bitcoin to reach the speculated price as price is not always increasing, and so is demand. First of all, there is no tangible thing that gives it value, price is only based merely on buying and selling(and also speculations). There is also a possibility that a better coin will come along to dethrone btc or government intervenes and many more possibilities. If it were to not happen though, the chance of btc reaching the said value by 2 decades is less than a 1% IMO. |
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Yes blockchain and Bitcoin maybe a little being overhyped, but it's the one that make people interested, at least something new was introduced and people was excited to see new things and as far as I know blockchain and Bitcoin is very useful and can help a lot of people, the technology maybe not yet perfect and consume a lot of energy, but it's a promising technology that can change the world
Well as the author says, it not only consumes tons of energy, it's just not usable as payment system because of the extreme slow processing speed. I think a lot of people have some dream about how bitcoin is going to change the world. But it's also important to look at the technology and what it can and can NOT do. That's why I think it's such a good article, it lays out why blockchain can not be used as an international payment system. That is the case for now. What if a revolutionary technology is introduced to help the problem at hand? What if the slow transaction speed has been solved through a fork? IMO anything is possible to happen in the future as people's mind are creative and always craves new things, thus people might build mining devices that are far more efficient and cheaper to use than the current ones. This might solve the issue at hand about it consuming a lot of energy. |
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Bitcoin price briefly surpassed the critical $11,000 level today before dropping back down. Currently, the coin is trading around $10,900 as of 3 PM EST. On the bright side, it almost reached a high of $11,200 earlier today, and it’s been stabilized at around $11,000 throughout most of the week. Importantly, BTC has been trading above $10,000 since Tuesday. Read more at : https://www.currencytimes.co.in/bitcoin-price-watch-btc-usd-fails-to-hold-11000/So what if btc fails to hold 11,000$ now? IMO it just dumped a little that's all. At the time this post was posted, the price of btc is 10,590$ according to preev and IMO the current fall in btc price is very insignificant as it might only be the normal swings that it has. I am sure that soon, it will rise soon and might trade above 11,000$ again. It will hold that line as the current movements atm is a sign that it is growing slowly. |
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what needs to be change to make Bitcoin and crypto currencies to go to the roof again ?
The get rich quick thinking should be slightly changed in order to make cryptocurrency in general to go to the roof again. That way, it would help adoption rate to increase since the demand of it won't come mainly from speculation. is it likely or unlikely to happen?
Nothing is impossible with crypto as it can do crazy price movements but I am sure that by the end of the year, it won't still be legalized by at least 20 countries, making it very unlikely to happen. how much you predict Bitcoin and Ethereum till the end of 2018 ?
I predict bitcoin and Ethereum to do at least one to two bullish runs in the next coming months before 2018 ends and it's price will have a double or triple increase/decrease in price. |
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By what year will we switch to Bitcoin? Is it possible in your opinion?
I think bitcoin for now is a speculative instrument and we won't switch into using bitcoin as main currency anytime soon. In fact, I don't think that bitcoin would ever replace the current fiat systems, governments would not surely allow it and many doesn't like decentralized things. It won't stay as a speculative instrument forever though. It will surely be used someday as an alternative way to pay others for their services. |
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Bitcoin is already a trusted store of value, but I don’t know for how long and I can’t also predict if it will be for a long time or not. Well, I will still say that it will stay for a long time or maybe for as long as the price of Bitcoin remains volatile.
Some people were saying that a time will come when the price will stop being volatile. Maybe around then, much people won’t be interested in using Bitcoin as a store of value.
It is only a trusted store of value for long term only for people who are using crypto regularly(most of the time). For those people who really aren't financial experts or stock traders and brokers, they don't give a damn and doesn't invest into bitcoin to store some value, they still consider gold as a more trusted one. Price of bitcoin will never stop being volatile IMO, as there will always be buying and selling and price moves every time a buy and sell order has been fulfilled. |
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When we will use cryptocurrencies ofr our everyday life?
Bitcoin and Cryptocurrencies were intended to be used in place of regular currency, but with the finite availability, people (large investors) started to store it in order to manipulate the price and turned it into a huge ponzi. They haven't held it in order to manipulate the price but they do so in order to profit. As time pass though, cryptos becomes more scattered and sooner or later, it will be available to use as a currency or as an alternative payment method in our daily life. We might be able to use them into buying goods on groceries and services, etc. on malls. Just wait for it to be legalized by at least 20 countries, I think it will be achievable by that time. |
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Hello Everyone!This will not be a world news. This will not be giant game changer. This will, however be a topic close to me as I am from the Czech republic. For those who are totally unaware, Czech republic is a small country in the middle of Europe (sometimes called the heart of Europe). But we are one of the biggest BTC miners per head! Even with all those recent news, Czech republic stays strong in the crypto markets, believing in the blockchain. This can be easily shown by our biggest e-shop with electronic. They started to accept BTC as a mean of payment last year and it has easily become one of the most popular payment options, especially for PC components (mostly for more mining). The most recent news is, that the e-shop will accept LTC and DASH next! Those are awesome news! Why? It shows, that even in the bloody times for the crypto markets, the crpyto currencies are still used even in the mainstream shops somewhere around the world. Even if we are just a small country, we slowly, but steadily accept crypto in our everyday lifes. Just wanted to share this bit of information with you guys, hope someone would fin it interesting!  Source of the information in Czech can be found here (google translate might do well with this article): https://www.novinky.cz/internet-a-pc/462495-platba-bitcoiny-je-popularni-alza-zavadi-dalsi-virtualni-meny.html I agree but it is the small countries that can make the difference, as in some of these countries, a small amount of bitcoin can make the living of a family, and help to sustain them. Thus, in these countries, the initiative of spreading the popularity and adoption increases and this is a really good thing ultimately for the base of bitcoin. I'm glad to see Czech republic being one of those Most commonly small countries adopting innovative tech are what causes large countries like US and others to consider adopting the same tech which is in this case, bitcoin and crypto in general. I am sure that we will soon see another country adopting btc and cryptocurrency legally. This would fulfill the real intention for creating cryptos which is to be used as payment by most, and not for speculative purposes. |
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I don't think any of these "experts" actually believe Bitcoin is a ponzi. I'd like to believe they're actually smart enough to know how a ponzi works. You'd have to stretch its definition pretty far for it to fit the Bitcoin is a ponzi narrative. They're simply using their status to spread FUD. They don't fear change itself; they fear that change will ruin their vested interests.
That being said, there are some valid concerns. It's true that the market is speculative, and each coin is only worth what the next person will pay for it. I believe in Bitcoin's value which is why this isn't a concern for me, but I can see how some people would have a problem with it.
Besides that, they only want to buy more at lower prices and they want to cause more price swings on bitcoin. Experts most of the time only cares for their financial status, and they would do anything in their power just to improve it and one of the ways is spreading FUD's using their status. Those valid concerns aren't that important to mention since something with potential would eventually grow in value. |
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I have been investing in cryptos since 2016 and did well. Since January 2nd 2018 my account is down 70% after taking some nice profits. Does anyone believe the crypto market will ever be what is was in say October of 2017? Will we see the market running like it did ever again? What your 3 month- 6-month prediction?
Don' lose trust in crypto market since there is a high chance that it would repeat the same actions that you saw on October 2017 but I don't see it coming in the next 3 months. It would be hard to predict in a 6 month scale but I think price would sit to 19000$ by September the same day or 8000$. I might be wrong since this is a speculation, let's just wait and see what will happen, I made my speculation not that exaggerated because I believe markets would have a slow rise. |
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If that is not an ICO, you are in the right forum to advertise that coin. But if that is an ICO, theymos will not allow you to get a slot and advertise through ad slot. You can have your bounties or signature campaigns that is very popular here in forum or you can hire an SMM that will do all the advertising for you.
No, we did not do an ICO and the whole project is like 99% funded from my own funds, which is sometimes a bit stressing, since advertising in cryptocurrency space seem to be very costly. Let's say I think CoinMarketCap could be a good place to advertise the project at, but they require 10K USD minimum. It's a bit of expensive. Maybe you guys know some alternatives to that? Maybe anyone tried getting articles to coin news sites and saw if it was good for volumes? Just try whatever means accessible to you at the moment. I suggest you follow of the suggestion of passwordnow, IMO it is one of the best ways to advertise a cryptocurrency. one good site to create your own article to advertise your crypto IMO is steemit, and it would also help if you would create an announcement thread of your own here on this forum in announcement(altcoins). It is a good way of advertising since most coins do this and it is free. |
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Hey guys. Do you think BCH return $4000 again?
I think it won't return to $4000 again in the next coming months but there is a possibility of it achieving the said price when bitcoin has risen so much. For now, it is stll a possibility with low chances to happen(since it is not guaranteed to reach it even if btc price has significantly risen) and for this reason I voted no. Nevertheless, I think BCH is a good coin or long term investment as it have more potential for stable profit than any other coins. |
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For the longest time we were waiting to see if the price would break $11,600 and stay above to indicate we're moving upward. Now we are testing this bear trend line and if we can break through and remain above it then I believe we would be entering into the new bull market. What do you think, will we continue up and to the right? Or will there still be some price fluctuation for a while as the accumulation phase takes it time to gather more fuel for the next run up?
Most of the time market can be very unpredictable but in times when btc price is stable, most of the time it continues upward trend and there is a low probability of dump later on considering it has dumped recently. There is also a chance that there will be some price fluctuations and it will take time before the next bull run happens. For now, the best act to do is to hodl but if you bought your coins at a lower price, it wouldn't hurt selling some right now. |
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I wanted to see what the general thoughts of the community here are. With bitcoin being in a pretty steady state for the past few weeks, it seems like there's going to be a set up for some kind of growth. With that, there can be many paths, but after seeing today's price (which was up around 5% when I checked), I was wondering if the volatility is what people actually like about bitcoin.
So, do you guys like the volatility and the strong spikes upwards or would you rather like steady growth, around 5% gains over time?
I would like steady growth rather than volatility and strong spikes, as steady growth indicates that bitcoin is developing and isn't manipulated by whales or by some group of elites anymore. Also, steady growth promotes confidence on investors and also the adoption rate increases at this time periods as btc shows resilience. I would not want a sudden upward trend since bitcoin tends to go down a lot after those spikes and in the end, it's health suffers. |
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Can you prove that the first million coins were all mined by Satoshi? That's just speculation and isn't based on fact.
Also, fun fact, Bitcoin's total supply isn't exactly 21 Million, it's just a lot easier to say than 20,999,999.98 (I don't know if that's the exact number since I'm going off of memory here).
The real information is hard to find but the dumbed down info is plastered everywhere, which is honestly an issue IMO. People just don't understand the fundamentals that they're investing in at this point. Lots of newbies barely even understand how a transaction works and/or who is mining blocks!
Another real information in addition to that is that those newbies invested into bitcoin because they think they will get rich quick when they invested in bitcoin, and that will be the case so long as this current bullish trend continues. Also, another fun fact is that bitcoin is seen not as a currency anymore but it is seen as an asset by most, since they bought it with the intent to profit from their investment into it. |
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