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Yeah,but the "lockdown guy" Joe Biden will become president next year.
So a new wave of lockdowns might begin in 2021,causing a new wave of unemployment.
I'm beginning to think that the US and the global economic crisis will be W-shared,or even WWW-shaped.
This means that the first crisis will be followed by a fast recovery and a new crisis right after the recovery.
We don't know how the economy will react to the increased inflation+increased debt levels,caused by the money printing and stimulus packs due to the recession,after the pandemic ends.
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So, I guess the question is, what is the feasible price of bitcoin when considering other objective functions such as environmental sustainability? Electricity produces CO2,but so what?Trees and plants consume CO2,so the problem with CO2 production can be solved,if we plant more trees on the planet Earth.  Can you measure "environmental sustainability"?I don't think so. Coal mining and coal consumption in the third world countries is a way bigger problem than crypto mining,so let's not become like all those "progressive" ecological fanatics,like Greta Tunberg. Many industries are polluting the Earth way more than the crypto industry. And yes,crypto mining will become more and more energy efficient,year after year.The miners want lower electricity costs,don't they? |
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In 2018 we saw drops down to ~2900 and recently we dropped to around $4000, we're now already 600% up from the $4000 figure. I don't see $250k being completely out of reach by now, since an extra move as big as we've seen ever the past few months would take us to $120k.
(This is just a curious evaluation I don't want anyone trading based on this alone - it's normally not the best time to buy when everyone's bullish or if it is it's riskier to do).
600% growth from 4K USD to 24K USD is one thing. 100x growth from 25K USD to 250 USD is a completely different category.I assume that,if the insane money printing continues and there is no FUD coming from the G-20 governments,the cryptocurrency marker cap might reach 1 trillion USD somewhere around 2021 or 2022. However,a 1 trillion USD market cap isn't enough for a 250K USD Bitcoin price.We need way more capitals invested into the crypto markets.Probably around several trillion US dollars. We don't know what will happen after the pandemic ends and when will it end? |
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am going to do some work and I will get paid a fixed amount of BTC in around 9 months.
I plan to sell those BTC as I receive them. 9 months is a pretty long time frame in the crypto industry.Anything can happen on the market for 9 months. I don't understand what exactly do you want to do. If you are going to receive a fixed amount of USD worth of Bitcoins(let's say 100USD),then you just sell them after you receive the BTC and you get the 100USD.I don't see a problem here. If you are about hot get a fixed amount of BTC(let's say 0.01)after 9 months,then you will have to find a way to hedge. However,I don't recommend cryptocurrency option services,like the website you mentioned.This doesn't seem legit to me. |
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it is like saying that whoever owns cash must report the exact amount, where they keep it (in which pocket) and where they spend it. they can force it all they want but it is not possible!
everything else that involves one part being centralized like using exchanges was already regulated a couple of years ago and they have all been reporting both in and out transactions from their wallets to the authorities. so there is nothing left to change.
Well,the government officials don't view cryptocurrencies are an alternative(or a new form) of cash and fiat money.They view cryptocurrencies as digital financial assets only. This seems to me like another bureaucratic BS.Such new rules won't help for increasing the tax revenue or reducing money laundering that is conducted inside crypto exchange platforms. I don't think that this has anything to do with politics.The Trump administration didn't care that much about the crypto industry.The Biden administration won't care that much about the crypto world as well. |
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"You speak to most people that are asking me to put money in bitcoin, they can't even tell you who the person was that developed it or even how it's actually mined," the Rosenberg Research chief economist said. "It's just a classic, follow-the-herd, extremely crowded trade. It's in a massive bubble." I like the term "follow-the-nerd".I guess that Google,Microsoft,Facebook and Tesla are the same "follow-the-nerd" scams.After all,their founders and CEOs are all nerds. The questions about who developed Bitcoins and how BTC is mined are already answered,but this guy is just too lazy to read and too occupied with his own theories. Yes,the Bitcoin price is in a price bubble,but the same applies to almost every other financial asset in the world.Aren't stocks in a price bubble?Isn't gold in a price bubble? |
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The guy,who published this book is a true businessman. Getting text content,which isn't yours,for free and making a book,that you will be selling for 30 USD. This guy has a brain for business for sure. What's next?Getting all the public writings/emails of Vitalik Buterin(or any other altcoin co-founder) and publishing more books to make more money? I guess that nobody will be buying such book,probably just a bunch of hardcore Bitcoin fanatics. |
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But, I still need to know the chance or possibility.
1. Is there a chance that before the year end there will be a sort of giving or sharing of bitcoin?
2. Is there a chance Satoshi to show up? The chance of Satoshi showing up is close to zero. The pandemic has nothing to do with Bitcoin,why would he decide to show up because of the pandemic? We don't need a "Bitcoin upgrade". Bitcoin Core is going just fine. Crypto gamblers don't care about Satoshi Nakamoto.They are only about gambling. There's no chance of Big Bitcoin giveaways.Why would anyone give away an asset,that is getting more valuable?I don't understand this question.Are you begging for free Bitcoins or something? |
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This looks pretty similar to the March price crash,the only difference is that the March price crash was caused by Trump,the Bitcoin price recovered pretty fast after March,so there's no reason for panic.
This new COVID 2.0 will cause a new wave of lockdowns,which is bad for the "brick and mortar" economy,but it might be good for the virtual economy,including the crypto industry and crypto markets.
I'm not quite sure that the news coming from the UK are the main reason why the price is going down.
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I wish I kept all my Bitcoins,which I sold during the summer,but there's no point of regrets. I didn't sold anything during the March price crash,but I never though that Bitcoin will reach a new ATH this December. Buying at the ATH price is a risky more,so you have to be careful and invest money that you can afford to lose.I see that the price might slowly go back to a level below 22K. There will be a price correction around Christmas for sure. |
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In terms of centralized exchanges do you think it would be better to use ones not based in the US now?
I'm thinking of avoiding Kraken and Coinbase completely now and just using ones not based in US such as Binance, Kucoin, Huobi.
Btw I'm not personally a US citizen and the KYC rules and regulation on transactions the US government doing seem like a huge hassle now, so would be good to avoid that.
I don't think that there's any big difference between using a US based or non-US based cryptocurrency exchange.In both cases,you will have to comply with the rules and submit personal data and ID photos. If you think that Binance is better than Coinbase,then good luck.They are all bad,in one way or another and they all have flaws. I wish that there will be a time,when we won't have to necessarily use crypto trading platforms,in order to trade coins. Unfortunately,the governments won't let this happen. |
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This wall of text was completely boring to read and I didn't get any new information or value for reading it. Congratulations,you have successfully managed to waste a few minutes of my life. Bitcoin can't trigger anything and the central banks are still strong.Actually the stimulus checks and money printing are the main reason why the cryptocurrency markets are on a bull run. Actually the central banks are helping the crypto industry(which isn't intentional,but who cares),so why would we want the central banks to collapse. |
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My guess is that he wants to test the people's reaction on the market.
This is a pretty good guess. I don't know what the end goal of this is for him, whether just personal entertainment or something malicious. But when you put together this tweet and his other tweets about Dogecoin and the Dogecoin pump I think it was an experiment to see the market reactions and Doge market reacted strongly while bitcoin didn't care... Yeah right.Evey Bitcoin trader in the world is patiently waiting for master Elon to tweet some BS,before he decides to buy or sell Bitcoins. The Dogecoin pump clearly shows how weak dogecoin actually is,if some famous billionaire can pump the price of that altcoin by just promoting it on Twitter. I can kinda agree with Elon Musk,by the way.Fiat money is BS,Bitcoin/cryptocurrencies are BS,the financial markets and market economy in general is BS.Tesla stocks are overpriced BS as well. |
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Why should we care about the opinions of Mark Cuban?
There will always be Bitcoin critics and FUDsters.We are aware about the flaws of Bitcoin and the risks involved in crypto trading and investing,so we don't need opinions from the FUDsters,who repeat the same BS over and over again:"Bitcoin is too complex,Bitcoin is being used by criminals,Bitcoin is too risky,Bitcoin is a big bubble,etc."
All this FUD BS has been discussed many times on the forum.The FUDsters can't stand a chance in a debate against experienced Bitcoiners.
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Why people love to create this round numbers fud all the time
same thing last time with the 10k and before with the 1k
you will never gonna stop are you?
The expectations for a 100K USD Bitcoin price are just wishful thinking.Many BTC HODLers want the price to become 100K,so they are constantly sharing the expectations of a possible 100K price in the future,hoping that it will become a self-fulfilling prophecy. More hype creates more FOMO,which boosts the demand for Bitcoins,which boosts the Bitcoin price. FUD is not what you think it is.FUD is an abbreviation,that means "Fear,Uncertainty and Doubt". |
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I am Not Understanding This high
17th December In Morning $22k When I Check in Noon Time $23K It Super High.
This is a FOMO phase(Fear Of Missing Out). A lot of traders and investors want to buy BTC right now,because after a few hours or days,the price will probably be higher. I also think that this is speculative price bubble,caused by the overall hype/optimism in the crypto markets about the future of Bitcoin. There will be a price correction sooner or later,so panic selling will begin and the price might go back down to levels below 20K USD. |
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Is it Scarcity --> Network --> Price ?
Or Scarcity --> Price --> Network ? I think that both of the above are wrong.The correct one is: Network-->Scarcity-->Price The price is just a result of many factors,including scarcity,market supply and demand,the current state of the network,FOMO,etc.We can't put the result of an equation in the middle of the equation.The result is always at the end. The Bitcoin Core blockchain has some value,but it would be quite difficult to measure that value. Without Bitcoin as an asset and a medium of exchange,the value of the Bitcoin Core blockchain is questionable. |
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A crowdfunding campaign combined with an altcoin? Hmmm,sounds like a new ICO token to me... Anyway,this project will be way more legit than most of the 2017 Initial Coin Offerings.Steve Wozniak has a great reputation and that's why this project is valued so high. I wonder how the blockchain will be used to lower energy consumption?Perhaps every household will become a node in a blockchain and all the nodes inside that blockchain will communicate with each other and find "energy leaks" that have to be stopped.I'm not an expect,this is just a stupid assumption. |
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What do you think of having a p2p app that would be storing images from Google Streetview into a distributed blockchain database?
Peers would be crawling Google Streetview and storing it all in a p2p fashion. Google Earth was deprecated. But there is still Google Maps and Streetview.
What would be the incentive for the peers to store images and data on their own servers/computers? Are they going to get paid?Google Earth doesn't generate any revenue.Any idea about how such project can generate revenue?Ads shown here and there might do the work,but the user experience will suffer from this. |
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what are you gonna do if u have millions dollars of cash ? are you gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I would buy a cheaper car(I don't like Ferrari) and still invest the rest of the money in Bitcoin. Why are you asking this question?Are you facing the same dilemma? What do you mean by "for survive"? Having millions of dollars means that you won't have to struggle to survive for the rest of your entire life. |
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