We can't predict whether this will happen or not, but it's clear that some people are starting to think skeptically about what's happening right now, yes indeed the entry of institutional investors is a bit of a breath of fresh air on bitcoin price movements in the market, but not wrong for us to anticipate possible possibilities bad things that might happen in the future, I think the OP has his reasons so he argues if we are now going into the supercycle phase.
Don't get me wrong, there are cases to be made why we could potentially not have those kinds of draw downs again, but I'm really just not fully convinced. And add the fact that a lot of people are expecting this sort of "supercycle"; it makes doubt it far more. |
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Too early to make conclusions lol. Do you actually think we've received enough adoption to not have a multi-year bear market again? While it's totally debatable and while we definitely made a lot of progress with institutional investors, I personally don't think we're there yet.
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True, it's probably the reason they are not so popular.
Yep. Because no one in the right mind would honestly hold them as there's simply so much crap down the list. And to add to that, BTC+ETH(probably 70-30?) would pretty much act somewhat like an index fund in the first place. |
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Unfortunately nakasanayan masyado ng Pilipino ang mangutang, na parang sobrang normal lang. Idagdag pa natin ung ugaling pag invest kahit walang alam kung saan nila ipapasok ung pera, disaster talaga sa huli. Dami kong nababasa na umutang ng pera pang Axie, tapos masscam lang sila through typical phishing sites. 😬
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They're only banned from selling the coins on centralized platforms like Kraken and Coinbase, but they're still totally free to move the funds around. Heck, then can even still sell the funds in a peer-to-peer manner if they chose to.
As for the tracking, there's a reason why CoinJoins and mixers exist, and why developers are still trying to work on making Bitcoin more private.
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It is the most invested currency in cryptocurrency. And although the price of this coin has decreased many times before, in a few days the price has reached the desired level again. So it can be said that the price of this coin will reach the desired price again.
If that's honestly your personal thesis on why you're investing in bitcoin, then I really don't know lol. You could really make the same argument with a lot of other assets but it doesn't necessarily make it a "good" asset. |
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Not necessarily advice, but what I've observed: even the most reputable people can end up scam quitting one way or another. It's one of the downsides of pseudo/anonymity — they can easily scam people and leave with little to no trace.
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I think and believe that the price of this currency will not decrease for a long time, it will one day exceed its maximum value.
Well, we literally just hit 2022's all-time lows of around $35k literally just a month ago; and right now we're just around 20% higher. Not sure how you think that the price will not decrease lol. As for altcoins — yea, most people tend to underestimate how hard it is to pick(and time) alts that outperform. Most people are just better off buying BTC. |
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"The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's." — Paul Krugman himself.
This dude was exceptionally wrong with his prediction concerning one of the biggest technological shifts in this century that I really don't know how he still got the confidence to keep talking about tech.
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As you have said people are using it for storing values but wasn't it suppose to help people to use it as an alternative to fiat? If people buy it only to hold it as they did with gold and other precious commodities then we can not consider it as a payments system. It become an ultimate way of storing values which redirected its sole purpose of creation.
What Bitcoin is for is totally up to you. You're not forced to use it as a currency if you don't want to; because freedom is one of the main points, right? Satoshi put up the groundwork and initial specifications on the whitepaper, but in the end it will be totally up to the people what the direction of Bitcoin will go, not Satoshi. |
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Depending on your situation(unless you're like in high school or something), it's probably best to focus on increasing your cash flow rather than throwing every single dollar you have at bitcoin. Make sure you can afford waiting for years if it's the case that we get a multi-year bear market.
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Really, 99% of the time the security of someone's funds is going to depend on the user, not the device/OS.
But tell you what — if you can afford an iPhone, then you can most definitely afford a Ledger or a Trezor.
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Since everyone are saying BTC is more reliable for long term hold than altcoins In general, yes — but it will still totally depend on which altcoin you buy. If you can find the 1 out of 1000 altcoin that will perform well for years, then that's likely to give you far more gains. But the question is — can you? The mass majority simply can't. do you think it's a good idea to start accumulating bitcoin right now? Can 5$ per day on BTC makes any changes in few years later?
Calculate it yourself: https://dcabtc.com/ |
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Go for it if she's actually interested in cryptocurrencies to start with. IF.
On the other hand, if she ain't really that interested — there are lots of times for you to give her bitcoin, but a wedding probably might not be the best time. Give her something she and her husband can actually use for their new family instead.
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That's one option, but a total dogshit index that's for sure. Imagine holding LTC, BCH, and XLM. I have pretty good TA but never used index fund. Does someone have experience and does it work in crypto?
You might want to do a bit of reading on what an index fund is. It can virtually "work" with any asset class, as it's just a basket of assets anyway. |
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ZenGo[1] already does something similar — they use facial biometrics(face mapping) for your wallet backups in a non-custodial manner. Not that I recommend using this wallet, but it's definitely interesting.
[1] https://zengo.com/security/ |
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Satoshi's vision of "one CPU, one vote" was too good to be true; and ASICs was pretty much bound to happen when mining interest increased. What can we do to prevent ASICs anyway? Police them? lmao. There's nothing we can do in this front without having a centralized authority.
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Passphrases: they can't steal your funds if they only have the recovery seed; they're going to need the passphrase as well. Passwords(or pins): this layer of protection is solely there to prevent unintended access to your wallet; like when someone stole your phone or something — the password/pin is there just so they can't access the wallet app. But if the thief gained access to your recovery seed, the password(or pin) is useless. ^Assuming we're talking about non-custodial wallets here. https://cryptosec.info/wallets |
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For some reason tingin ng karamihan is ung mga "wHaLeS" e parang kontrolado talaga nila ung buong market. Oo, malaki influence nila kung gumagawa sila ng malaking market executions, pero hindi naman ung tipong literal na kada kilos nila e nagiging successful at nagpprofit sila. Malamang may risks parin kahit kung malaki ang bankroll. Look. There's definitely manipulations in the market, but that's with ANY other market. And it seems like you seem to think that these types of manipulation maneuvers are something that's guaranteed to work well for the "wHaLe" or something, because it's definitely not. It can definitely work well for them, but it could just as easily go south for them.
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I assume that supply and demand can be very accurately calculated by Blockchain data. And supply and demand can be calculated using Blockchain data by checking the active and inactive wallets and how much bitcoin flowed in from new orders. it can easily be manipulated by third-party exchanges but cannot be done by blockchain. A lot of exchanges were involved in spoofing and wash trading and who know at the time of you reading this, there is an exchange out there doing spoofing.
A Miner's average revenue and the Bitcoin network difficulty have a direct/indirect relation to the long-term value of Bitcoin to some extent.
Good luck taking into account the likes of market sentiment and human emotion into the calculation; which are unarguably the most important factors when talking about factors that decides the price of a certain asset. |
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