I think if Bitcoin dropped to rate of $5,000 then the price of Altcoin would not be too affected due to the fall in the price of Bitcoin. Lately we can see the Altcoin market has started to grow by a few percent when the price of Bitcoin goes down, but will the price of Bitcoin drop to $5,000? I think that's difficult to happen at this time.
Yeah, somewhat the price of the altcoins depends on the BTC but I don't think they would hardly be affected if the price of BTC drops to 5k$. The altcoins have started to grow separately and this we had already experienced this year only, when the whole market was down, BNB hyped rapidly irrespective of the price of BTC. So, I don't think that BTC would be regulating the alt-market in the future... |
|
|
|
Worry about how bitcoin price today is normal for investor because bitcoin still down, bitcoin look not serious when will be higher price after last moth have raise above $10k and now bitcoin back down lower under $10k, will be this year bitcoin still lower price? Usually on this month become good moment for bitcoin can back to higher price and have many good news to make bitcoin become most expensive to allow altcoin will be in higher price too.
From the investors' point of view, the price is still quite low to make a good purchase as I believe this could be a great opportunity to get the coin below 10k$ and not getting it now at this would only make you regret in the future. Also if you're already havin' it then there's no need to worry about the price as that would only cause you to make some hurried decisions such as panic selling which would only lead you to lose further... |
|
|
|
The market has changed since BTC has started to climb to 10k level, things were looking good, bears going away, bulls entering the scene... but than for some reason it lost power and there was no further push...so the bears keep on rulling...
I am afraid that the true bull run might only come after the halving... still have fingers crossed for the end of this year, but loosing hope as we speak
I disagree, there is no bull market yet because the word market itself states about the entire market. Bitcoin have some little price increase but that was only a slight recover, if we look at the big picture, we will never see an improvement especially on the BTC side. In fat, among the major coins, I only see one coin that is profitable and that is BNB, the rest still suffered. Agreed, even BTC had shown some increment where the whole market is down doesn't mean that bear season is over. There's a still long way to go so considering this little pump as the end of the bear won't be appropriate. However, I believe we'll soon be able to get a clear picture of the market but till then let's no just lose hope until the market shows some signs of recovery... |
|
|
|
Don't sell what bring you income for something that you never know how it will be in 10-20 years. If your business bring you nice profits , why sell it ? Its better and wiser to invest your profits into cryptocurrencies , this are facts for me but personally I would never sell my business for cryptos but if you have asked me 3 years ago I would have sell it for sure.
Business usually have three vital personal objective - survival, profit and growth. These three are to be achieved in ascending order. First objective is to recover your cost from business, then earn profit and finally grow your business with profits. But investing profits in bitcoins is too sentimental decision in my opinion. It indicates that you aren't serious about business. Investing is to be done with spare money, not your business money. The same money in business may give much more return than investing the same in bitcoins. |
|
|
|
~unquoted~
You are lucky because you started bounty campaign since 2017 which time was golden era of bounty. And in 2018 was worst year i think 95% projects are got scams and failed. Still now for the blessing of IEO's hype a lot of projects successful in this year. In the circumstances, i got payment from a few campaigns instead of 30-40 campaigns. I am aware that some of the IEOs did good this year but my question is did they host any bounty campaign on bitcointalk? If yes then can you name any that you joined and went successful? |
|
|
|
Not all project are shit. there is always a gem hidden in a pile of garbage. I will still join a bounty campaign if I found this gem among the shitload of garbage. The motivating factor is of course the reward I can get from this bounty campaign.
I'm tired of listening this line. It was relevant when at least one of the 10 projects used to pay. But now, finding hem is as rare as watching halley's comet in your lifetime.  I surely won't advertise 50 shit projects on my Twitter for free to receive payment from one or two of them. |
|
|
|
Yes, anyone can predict the price of bitcoin. But good predictors are those who can display several reasons why their predictions will occur. If for no reason, I think it's just a hoax. Maybe bitcoin can reach prices as the OP said, but at least there are factors that cause prices to rise. For no reason, it feels absurd.
Well, BTC for 100K$ by 2025 is a quite positive lookout but that doesn't seem to be realistic for now to achieve in this time span. 100k$ means most of the investors should switch to holding and the demand of the coin to be increasing meanwhile but most of the investors are impatient in this market, I don't think that's possible in such a time span... |
|
|
|
My prediction is that BTC will hit the 20000$ mark by december. The chart is still looking great since january, so if any positive news comes out, i'm sure Bitcoin will rise to a new all time high!
Well, in my opinion, there's still way more for BTC to reach that mark and I don't think that would happen this year. Most probably I think we can expect 10K$ by the end of this year but for 20K$ I think we have to wait for long. But the crypto market is quite unpredictable and we can't really predict where the prices would go. However, all we can do is just hope for the best... |
|
|
|
|
An open question to all bounty hunters. What makes you still join the bounty campaigns?
I was the regular bounty hunter in 2017 and early half of the 2018 but once 80% of my joined bounties started to turn scam without paying a penny, I dropped the idea. By looking the current situation, I can conclude that the situation has now worsen and the success rate of bounties is now dropped to further low. So my question is why you still join bounties? Are you getting paid? If yes, then which one gave you best rewards this year? Who is the best manager/s currently in bounty domain?
|
|
|
|
We all reach our long targets, when we can just sit back, ignore the FUD, stop watching the price constantly, and HODL to what we have. Hodling is the only long-term strategy that works. If BTC does become highly adopted and used as a currency, it will easily reach that price you said, and should be a lot less volatile. Volatility is super high right now cause the market is tiny. BTC is just not ready yet to fully convert into a world currency, so it's best to acquire as much as possible. Over time, more growth, steady price increase, less volatility, it will all compound and eventually reach the pinnacle, when spending and holding don't matter anymore.
For sure an investor will have to keep holding if he really wants to get benefit from crypto coin investment and it Always takes long to recover the price till then only holding is a profitable way of cryptocurrencies investment. Holding actually gives safety and satisfaction about gaining profit. Panic selling is the worst thing you do in crypto currency. Yeah, as long as you hold, there would be nothing to lose as I think it is the safest thing to do in this market. But that requires a lot of patience and devotion since only then you'll be able to maximize the profit from it because more the time spent, more would be the profit... |
|
|
|
Ethereum will most definitely boom, but not so soon. I expect that to be in late 2020.
or else more years before that will happen. accept the fact that it will hard to recover but time will tell what will happen in the future . I think 2020 all crypto will boom because if you can see the yearly charts of altcoins, you'll see the chart is going up until april 2020. And we hope ethereum will be the first altcoin that lead other crypto to the moon For now, we can just only wait what 2020 brings as optimistically I believe the prices would show some increment in the future. ETH presently is still struggling to get over 200$ but I think it will soon show some uptrend by the mid of next year since it one of the most reliable coin in the market. So let's not lose hope as the prices will soon get back on track... |
|
|
|
I think it's a natural thing, because every transaction we make on a wallet, there will definitely be a record of evidence that we can see, with that we can know whether our transaction was successful or not, and the company from the wallet platform clearly does not have access to our wallet, if you may know what wallet you use?
I am using HubrisOne wallet https://www.hubrisone.com/ they have a lot of security features like fingerprint and facial recognition. I have never lost a single Dollar using this app. I have access to both my BTC and ETH private keys. But I want to know if the company have access to my account or not. check this smart contract to see what I am talking about https://etherscan.io/tx/0x0ac1c7aba4d4a7c9fe09a51133d352af0b67695a03201c443f45a4cd63ca46d0.. Where did you read that HubrisOne is a decentralized wallet? Offering security features like fingerprint and facial recognition doesn't make a wallet decentralized, decentralization means that you own the private keys or seed phrase of your wallet. HubrisOne is a regular online wallet like Coinbase with an internal exchange platform. Whenever wallet offers you to make an account with username and password, it implies that you are using dummy account and real custodian of your asset is wallet itself, not you. |
|
|
|
before getting to know cyrpto I was involved in forex trading, then I switched to crypto trading, I think it's the same as forex trading turns out different, crypto is more difficult to predict and the movements are often irregular, for those of you who trade forex, it's more convenient forex or crypto,?
The thing with forex is that, the chances of making windfall profits is very less. I don't trade much but whenever I do, I try to target huge returns no matter what level of risk involved. This thing is not possible with forex, any currencies pair in forex fluctuates by like 1-2% which is not enough. With crypto, one can make even like 10-20% in a day. if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.
That doesn't make any sense. Crypto Exchanges have such trading system because these are concerned with the trading of cryptocurrencies which are not regulated in most of the countries. But listing forex on such exchanges will bind them to Foreign Exchange Regulation Act which is prevailed in almost all the countries thus making such exchanges like an ordinary forex platform. |
|
|
|
Because its price is very volatile, your 1 full cart of grocery today could be just a half if price goes down or 2 full cart tomorrow if price goes up. It is not regulated so it's price won't stable but that's a good thing if you treat bitcoin as a form of investment because it has a big potential to have a big value in the future given that its supply is very scarce.
Did you even read the OP at all? Although title of the thread is question but OP tried to answer that in his post. Your post looks like desperate attempt to answer the question. Also volatility is not the characteristic of Bitcoin, it is the outcome of one of the characteristic of Bitcoin and that is scarcity. Due to scarcity (limited supply), Bitcoin is deflationary in nature (very well explained in the OP) thus making Bitcoin a speculative asset which in turn make Bitcoin volatile due to the ever-changing difference between demand and supply. |
|
|
|
My question is, unlike today when coins are initially pre-mined and then distributed through ICO, how was Bitcoin initially distributed?
I know about mining and I am aware of the fact that mining reward was 50 BTC initially which is the good way to distribute the supply but what actually miners were mining in the start? Who were doing the transactions? How does the initial ones get the Bitcoins in their wallet?
<unquoted> This is one of the most informative post I read on forum and it cleared many of my doubts related to working of Bitcoin. Thanks! Glad to read other valuable posts too. I'm happy that this thread wasn't ruined by signature spammers which I was being scared of (looks like the discussion was beyond their purview ) |
|
|
|
|
My question is, unlike today when coins are initially pre-mined and then distributed through ICO, how was Bitcoin initially distributed?
I know about mining and I am aware of the fact that mining reward was 50 BTC initially which is the good way to distribute the supply but what actually miners were mining in the start? Who were doing the transactions? How does the initial ones get the Bitcoins in their wallet?
|
|
|
|
Unfortunate for us, while mainstream media spams us with stories about bitcoin being a bubble. There is very little coverage on banks all over the world imploding and needing to be bailed out and saved from their own mismanagement and poor decisions. This has a tendency to give people flawed opinions on the effectiveness of state imposed regulation as well as the claimed stability and reliability of traditional financial institutions like banks.
The bank you talking about isn't nationalized bank. It is just a co-operative bank which functions very differently from commercialized bank. Co-operative banks generally lend and take deposits from their members only. So co-operative banks are not as secured as commercialized banks. I read somewhere that Indian Finance Minister has assured the clients of the bank that they will get their money back so situation is in control I guess. Also, there is enough media coverage about this in India so it is wrong to say that media doesn't expose deficiencies of banks. I remember reading online about the bank called PNB operating in India which was scammed by some Indian businessman and it was big election issue in India. |
|
|
|
..........................
..........................
.........The one thing you can count on is the math, The fact that is was the first, the 21million cap, it's security, and the torrent of frustration it brings older businesses who have grown lazy and abuse the masses(banks).
....................
...................
You explained the benefits of Bitcoin and why it is investment worth doing. But the question is, are they enough? You said owing Bitcoin is like roller-coaster ride which is affected by whales & politics. But these two forces are too strong to allow any organic market for Bitcoin to develop. Currently Bitcoin is only 9 years old, doesn't have much history and still getting its recognition among people. But what if these up/down is prices continue for next 5-10 years too? Will people consider Bitcoin to be serious investment? Well, I personally won't like my investment to get doubled every second year and then fall by 80% the very next year. So too increase stability in market (which is much needed), we need more people to enter the market and adoption to be increased by at least 800-900% from here. |
|
|
|
Binance is not a Chinese Exchange Yes, it is! It doesn't matter where it is located. 7-eleven has its headquarters in Dallas, but it's owned by a Japanese company. Holiday Inn operates in the US but it's owned by a British company. Bitstamp is located n Luxemburg but it's owned by Slovenians. Binance is not tangible property like Holiday Inn. It is intellectual property which is equally accessible throughout world. So your comparison doesn't make any sense. Moreover, OP is not addressing the concern regarding ownership of Binance. He is simply answering how Binance can operate in China without taking approval from Chinese authorities because it is legally located in Malta and can create P2P network for any country. |
|
|
|
If this rise can converted to rally then we can surely see $20K by the end of year, no wonders!
Not likely. It's so funny how people always behave the same---we have gone through a major correction in the last months, but every minor increase (such as today) makes people regain their confidence in the market. If it was any other investment, I wouldn't have predicted it to go 250% by just seeing 6% increase. But this is Bitcoin and most of the Bitcoin investors are immature traders. They are very easy to manipulate. This is one of the most prominent reason why prices of Bitcoin fluctuate so much. Don't expect that Bitcoin will follow the trade cycle of Rise-Peak-Fall-Bottom, it mostly move randomly. So even if we seen correction for most of the times in August-Sept, just 2-3 more increase of 6-10% and Bitcoin market will easily turn to bullish one! |
|
|
|
|
Show Posts
