NO! Transparent blockchain technologies will be the main tool for combating corruption and financial regulators. That's why these structures are now actively fighting with the crypto community. IMHO, blockchain is not just another tool for some people to enrich themselves.
The blockchain will not be enough to counter corruption, many people have created inventions thinking thy will change the world one way or another and people always find a way around the new technology, the bad guys are always going to try to find new ways to violate the law and the blockchain is not an exception to this, however I agree when you say that the blockchain is not another tool to become rich, it is a lot more than that. |
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Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
I don't think the governments is declaring war against cryptocurrencies what they are doing is protecting peoples money and they want to make sure that this new innovation will actually help the economy. And also they want to make the people who earns bitcoin to pay tax and since crypto is decentralize its going to be hard for them to track all of us who earns crypto not unless we declare it how much we really earn. They are declaring a war against cryptocurrencies but they do not want to call it like that just in case they fail, but never forget they do not want cryptocurrencies to succeed they are realizing how dangerous they can be, they thought the experiment failed and no one cared anymore about them only to find out they were mistaken and crypto was more dangerous than what they thought. |
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Technical data hints that it can go down to 6000 or 5500 level.
What do you think?
That depends on only one factor, are you willing to wait for the day when bitcoin reaches 5500? Bitcoin was close to that price some days ago but I do not think it touched it and the reason is there is a very strong resistance point at 6000, so unless you are completely determined to get the best possible price for your bitcoin I think it is a good idea to buy right now especially if you are going to hold for the long term. |
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We have seen reports lately that the US Justice Department has opened a criminal probe into alleged price manipulation of Bitcoin and other digital currencies. We have seen for months now that the Bitcoin price cannot get momentum and as soon as there are positive signs that it is recovering, then it drops down again. In many of these instances there are no negative news that would have triggered that downward spiral. There are also no Alt coins with significant growth during these times, for us to say that these Alt coins are the trigger behind this. The only logical conclusion for this is that someone or a group of people are "killing" the correction phase of the Bitcoin price.  Do you think there are some sinister agenda behind this or is this just Bitcoin whales doing their normal thing? I find it unlikely that we are going through some kind of manipulation, I mean it can happen but there is no need for it, any investor that had any genuine interest in investing in bitcoin is not going to invest after what happened at the beginning of the year and the huge crash that we saw so the price of bitcoin cannot grow since there is not any influx of new money entering in this market. |
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bitcoin is mainly spread in technology developed countries so now it is spreading towards underdeveloped countries it may take time for positive growth due to price volality
A technology like bitcoin is going to be at first be adopted by people in countries that are richer and can afford to invest in a product that is still not ready for mass adoption but once it is ready and thanks to the lightning network it will be ready soon, then that is when the rest of the countries will begin to put more attention to bitcoin and other cryptocurrencies. |
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I would say Bitcoin will reach $25k by December end.
2018 will definitely end on an upper note than 2017. Bitcoin will easily breach the last year's ATH of $20k. Many of the senior analysts are predicting $25k+ as a projected price for this year. With $25k we are talking about the mcap of half a trillion. With keeping BTC dominance at 40%. The total mcap of the crypto market will cross a trillion trademark. With Goldman Sachs and Nasdaq getting interested in crypto trading desk which will eventually help in bringing new investors and bring the mcap above a trillion.
This seems very unlikely to me, 6 months of this year have passed already and nothing close to a recovery has happened, I know the price of bitcoin can go very high in a very short amount of time but I do not think we can recapture that quickly the moment of the market, that price could be possible in my opinion at the end of the year but of 2019 or 2020. |
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Washington may slap sanctions on governments that fail to reduce Iranian oil imports to "zero" by early November, a senior State Department official has warned. But some partners seem reluctant to follow the demand. The US administration has been pushing its allies to follow US President Donald Trump's lead after he decided to pull out of the landmark nuclear agreement between Iran and six world powers. A senior State Department official told reporters on Tuesday he had been traveling to Europe and Asia to convince allies to isolate the "stream of Iranian funding." India and China traditionally used to get a waiver from sanctions and kept trading with Iran even before the 2015 agreement, so speculation is rife as to whether they will manage to find workarounds this time.The State Department acknowledges that cutting off Iranian oil imports completely is a “challenge” that no country “wants to do voluntarily”. https://www.rt.com/newsFor that to work the penalties will have to be greater than the reward of getting cheap oil and the question is the US government willing to go that far? Even if that means China and India could retaliate with their own sanctions against the US? I understand that stopping the Iranian government from getting nuclear weapons is important but even if they were successful in their attempts to reduce Iranian oil exports that will only make the Iranian government even more decided to get nuclear weapons. |
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I am fairly new to the crypto world. During my short time, I have contemplated how crypto will go down over the next few years.
Slowly, over time more regulations will be adopted worldwide. This is not because regulators are scared that people are getting scammed, but because they will start limiting this world from us small fish so the banks and "qualified" investors can tke over. All the large banks will then push their own crypto, and we will be left with nothing.
In my opinion, it is in our best interest to gain enough profit so we will have the funds to become qualified investors, and be able to re-enter the markets through the banks exchanges.
What does everyone else think? Do you think the big fish will continue allowing us to do trading long term, or are our days numbered?
Who cares if only qualified investors are allowed to invest in the future, if that is the case then this is the perfect time to invest in bitcoin, do not leave it for later or you will regret it at that point bitcoin will be worth so much that even having a small number of bitcoins will change your life, so if they want to ban people with a low amount of money to invest in this market that is something I do not really care about. |
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Bitcoin will never end or dead, still it is worth buying. Bitcoin has a bright future, it is more worth to buy bitcoin now and hold. Now the price of bitcoin is very cheap, so utilise the current situation to buy bitcoin for future. We can expect tremendous growth of bitcoin price by the end of 2018 December. Last year also the same thing happened. Like this year also we can expect such price growth.
Those saying that bitcoin is going to die or that is not worth to buy anymore do not really know what they are talking about they are just trying to scare people away from bitcoin and with the latest developments like the crash we suffered many people are believing it instead of doing a research on their own which is a shame since they are going to lose the benefits they could get if they invested in bitcoin. |
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Regulation of bitcoin and other cryptocurrencies around the globe keeps on increasing. This will let more people to to engage into crypto related business and other related activities with confidence. Legalizing of bitcoin and other cryptocurrencies around the world is required in large scale to move forward focusing growth.
I do not like the idea of having more regulation in the market but I also recognize that it is almost inevitable that we get more regulation since governments are focusing more and more in cryptocurrencies since they have realized that they are a real threat to the stability of their economies, but it does not matter what they do at the end cryptocurrencies will be successful and their attempts at regulating the market will fail. |
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Hi guys ,
Do you think the whales are manipulating the markets ?? Has any one noticed that the current bull run that has been on for the last few weeks comes to a halt every time it reaches the 10 k mark and slides down . My theory is that whales sell at 10k and then create fud so market slides down only to buy back and pump . What do you think ?
The whales are manipulating the market but it seems at least to me that their influence is not as big as we may think, the whales by themselves cannot really move the market for a long period of time this is why they take advantage of the circumstances, they either wait for strong FUD to come or they wait for a positive news from the developers to try to move the price. |
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Bounty hunters are alwasy blame for selling their tokens so quickly without waiting for the project develpment as outline in the roadmap. I don't think bounty hunters are to blame because a lot of bounty hunters hold their coins for years.
For what I have seen in the forum it seems most people in the forum sell their coins as fast as possible but this is a good thing, if you like the project and you think it has potential the only thing you need to do is to wait for the bounty hunters to get paid and then to begin to look at the markets, they will crash the price and then you can get the coin at a price lower than at the ico phase. |
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I have made some decent profits in the market of cryptocurrencies despite everything going on right now so the answer to the op is of course not, I'm going to keep investing and holding my coins, while I would like to see a bigger adoption of cryptocurrencies every person that leaves now is leaving money in the table and that is money that those that stay will get when the market recovers.
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I strongly agree of what you said, investment is not always all about money. It is how you invest anything most likely time, effort and energy.
Many people are too used to see investments as only the money you put in a business hoping to get profits, but some of the most profitable investments are the investments that you make with your time, one of the most obvious examples is your education, if you study hard and learn you can get a better life for yourself and your family and if you keep learning after that not only you will improve and become a better human being you will also put more money in your pocket as a result of your education. |
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Is there really a war? I haven't heard any in our country. What government are you referring to and what cryptocurrency? I wonder how advance your mind is to declare that there is a war in cryptocurrency. How ridiculous you are to foretell this to everyone here?
There are lots of things that each government have to prioritize other than the cryptocurrency. They couldn't even make a way to legalize this how much more to make war with this? And who are they going to shoot?
You are taking this in a literal way, what the op means is that there are attempts from governments to go against cryptocurrencies and in my opinion it is very obvious this is the case, we only have to take a look to see many countries creating regulations to try to take control of cryptocurrencies and when they realize that is not going to be enough they are going to ban it but that will not work either. |
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Some point it say it is an assurance that when you invest your money in this coin will be high, since they will do a lot of fund raising to make the project successful because when we say 'national' coin it is a big responsibility since this represent a country and its economy so you will not jus play around... and you need to be engaged on serious business.
If country issues a coin that will restrict that coin to its own country because they oppose the decentralized currencies and if they want to open it for the world then they will be making it decentralized because this currency will not survive in other countries as other countries have also restrictions, they want to make their own currency better. I suggest decentralized currencies and moreover the valuable one as this is open everywhere. However a government will benefit in its own country if issues its own coin. No country will actually give up control and issue a decentralized currency. Sure, if we get to see this happening, I am sure a lot of people based on how the country is perceived may want to kind of invest in such but for a centralized currency which apparently is what I believe almost every government is going to issue, what the point is investing in such. If I want to trade, that is a different case and I may as well just say I am trading Forex on a different level but investing? No way! If a country does that the first thing you need to think is that it is a trap, they may issue a cryptocurrency but I think they are going to do it to try to deceive people into thinking they are modernizing when in fact if the governments get control of cryptocurrencies they will know what you did with your money and when and that is knowledge a government must not have. |
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Hello guys, here i want to start a discussion about the possibility of getting rich with cryptos. if you start off with an amount of lets say max. 1k i dont think so. If we say you are able to invest like 10-100k you can still earn alot of money but in this case you are already very wealthy. Here is no enough space below this post to either say "Hey man you got it right" or just prove me wrong. leeeeeeeeeeeeets go  Of course you can still become very rich with cryptocurrencies but the problem is that each year this is getting harder and you will need more money to reach those goals, you could have invested a few dollars in bitcoin at the beginning and have several millions right now with almost no risk but if you want to do something similar with another coin you will need to take huge risks since it is impossible that coin is as successful as bitcoin. |
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In my opinion, a lot of bitcoin users are in poor countries. In countries with low economic and social security, people are more likely to pay attention to alternative income.
Not really, it is obvious that people from countries where the income is greater have more money to spare in something as volatile and unpredictable as bitcoin, however people in countries with bad economies where the currency is very weak have a real use case to hold bitcoin instead of their fiat, after all even if the dollar is inflating it is not crashing like other currencies. |
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I do not want to retire even if I make a lot of money using crypto or any other method because:
1) We should live a lively life and do work that we enjoy. If money was only thing that mattered in life, billionaires would have taken retirement. but we still have people like Elon Musk who work very hard.
2) If I succeed in getting a lot of wealth, I would like to expand it to passive businesses and use the money earned for social work. There is no value of having surplus of anything if you do not care to share.
Retirement means different things for different people, I know people that are retired but that still invest a lot of money because that is what they are passionate about, if I made a lot of money with cryptocurrencies to the point I could retire I will still try to earn money with my investments in cryptocurrencies since being in this market and in this forum is something I really enjoy. |
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Is it really experiencing a slump? For me ever since February which is over 4 months now it has been the same experience. Go up a little come back down and rinse and repeat.
That is the rinse and repeat we all keep talking about with whale’s manipulation. A way to keep doing it over and over, acquire more than enough and when they do, bring it down the more until they are fully satisfied and ready for another huge move to the top with new ATHs. They have the edge, they can easily get this done since they call the shot on the market based on their position and capital and with this and since the market capitalization is still a lot low, it makes like peanut for them to throw around, most especially the institutions. It is true the whales are incredibly powerful in this market but at the same time they are not the only ones which are powerful if you are smart you can follow the trends created by the whales and enjoy the benefits, if you look back just a few months back there was uncertainty about the direction the market will take after segwit was activated, in fact there were many that thought the price will go down despite clear signs of the opposite, if you followed the signs then you earned a fortune in just a matter of months. This is good advice but only on the condition that you can wait and not sell your coins when the price is below. How long can you wait? A lot of people have made income in cryptocurrencies their main and now suffer from the fact that they are forced to sell their assets cheaply. That's why you always need to have a backup option in the form of income in Fiat. Whales are very difficult to compete with. You should never put everything in cryptocurrencies and if you have a job from which you get income without a need to touch your cryptocurrency holdings then you can basically hold for as long as you are able to endure this difficult market, some do not have a lot of endurance and have sold already while some other people knowing full well what the future of bitcoin can be will not ever sell. |
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