The Bitcoin price certainly affects many things. It can help us gauge adoption along with other metrics as well as the sentiment of people who are currently invested.
Bitcoin is not a get rich quick scheme. It is the currency of the internet designed as a super hard form of money to challenge many status quos.
Even if we were to pay more attention to the price. Many of the people worrying don't know the basics of TA. I'm here to tell you that if you own any amount of BTC you are riding a rollercoaster that is affected by adoption, politics, whales and many other factors out of your control. 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).
From a TA standpoint (i'm a noob with a background in music but i've been studying and doing paper trades for years now). Bitcoin has been consolidating for a few months after a pullback from a 1 year high. The fact that it's been trading in the range its at means that the whales and traders who bought in late can't affect the die hard HODLERS who were already in the market in early 2019. You can find articles explaining the demographics of Bitcoin holders. Those who bought in at 10k+ were the ones selling.
Other than that we have some whales playing in the ocean.
Remember this is about change and technology.
If you believe in the ideals money is more than likely to follow.
Be well!
I'm not really worried, I know it's the regulatory pressure and the trouble of getting the adoption of institutional investors to cosign that is stalling the growth in the market (of my opinion, anyway). I know that most likely the price won't artificial pump thousands of dollars like it day 2 years ago. |
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You know this question is unavoidable...
DID I MAKE A MISTAKE INVESTING IN BITCOIN?
A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...
What will be your response to this question?
This question is entirely subjective, the answer will always be a personal biased answer due to the broadness of the question. Only you can truthfully answer this question, because you must ask yourself whether or not the time and energy spent investing was worth it or not? My personal opinion, I see it as you taking a leap of faith based on an innovation with a proof of work concept, that's self explanatory. The blockchain speaks for itself. |
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I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies. However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.
1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.
2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.
3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to. You can keep generating new addresses if your previous Address is compromised.
I don't think crypto will ever replace cash any time soon because not everyone has stepped into the digital age we live within yet. It would serve my grandmother little to no purpose, as she is not very tech savvy. Hard cash that you can touch and see will be really hard to replace. I doubt brick and mortar physical Bill's go anywhere for a long time, but eventually once everybody is ready to make the transition, than sure!  |
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What do you think Bitcoins biggest vulnerability is?
In my opinion, it's the consensus algorithm, it can't really be changed, too late I think. It works of course, but not as efficiently as some of the latest consensus algorithms used for projects today. I still don't think a true Bitcoin 2.0 has emerged yet, but I believe that one will someday. |
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Is the service and profitability, even if bitcoin is highly volatile, are the only two reasons why bitcoin is attractive to investors? Any good opinions or answers? Thanks
No, I believe that Bitcoin was a proof of concept for the Blockchain, the real innovation behind the scenes. Bitcoin shows how a publicly distributed ledger was the next wave that would disrupt finance and accounting as we knew it. A transparent ledger on a digital platform that pushes its userbase to participate, rewarding those that contribute keeping the chain running. It was made open source, as to encourage experimentation, which has lead to expansion. I like to think of it as an idea that we're investing in, one that had a proof of work to sustain its validity. Just my two cents!  |
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Nice! It's good to see large retail chains like IKEA getting behind the crypto scene. I guess in order to receive steady adoption we need the big merchants to gradually start accepting payments in crypto, creating a wider reach to of people who may be unfamiliar with crypto. |
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Really good article, coindesk is my top news site for cryptocurrencies. I can't really blame PayPal, they seem upbeat with the push for innovation, but the regulatory scrutiny surrounding it could turn into a nightmare, so I guess their considering playing it safe, from a business perspective. |
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I want to warn bounty hunters about bounty projects that pays bounty rewards to their platform or websites instead of ETH contract address, they mostly go against their words and you have no control over the tokens even if you have your login details..
Those who promoted Cryptomarketads(CMA) and Moozicore(MZG) knows what i'm talking about, i have decide to stop promoting such projects
It can be hard but sometimes extra research needs to be done on who is managing the campaign you join. A lot of Bounties indeed sound promising but have a bad manager presiding over the campaign. Look at the campaign managers portfolio of previous projects they've managed, and gather feedback for cross examination from fellow hunters regarding past campaigns. I know it sounds strenuous but with patience the extra work taken for practicing you're Due Diligence is worth it's weight in gold! A lot of projects end up being a waste of you're time and energy. |
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Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.
Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins
Agreed, I believe that Bitcoin is the founding father coin. I think projects like Ethereum and consensus algorithms like Delegated Proof of Stake are whats needed, leading us into the right direction. To think we started with just Proof of Work. Many people don't have faith within the altcoin markets because a lot of the coins are alternative clones with little to no new innovation added. Many are indeed shitcoins, but there are some real sleeper projects out there that are game changing. It's the emergence of competition that drives innovation, every coin/token plays its role as a tiny cog apart of a larger mechanism. |
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You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.
And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
That's a pretty bold statement,telling people to just give up right away during a bear market, like this is the end  . If it wasn't for altcoins their wouldn't be much competition, which is ultimately needed to drive the fundamental spirit of innovation within the community. Competitiveness has helped the sector to grow by keeping startups companies, dreamers, and innovators fresh on there toes. Not every project is a clone/shit coin, but I will admit, there is a fairly large amount of them. A lot of ideas float around here and there and get picked up and rehashed into newer ideas. I personally believe that this was the whole point of the creator Satoshi's reason for making it an open source code. To encourage and inspire through a little healthy competition in order to push the spirit of innovation and keep the energy flowing. Look at how big the community has become over the years! Just my two cents |
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If you think Bitcoin is the world's most widely used cryptocurrency, you're probably wrong. What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong. While concrete figures on trading volumes are hard to come by in this often murky corner of finance, data from CoinMarketCap.com show that the token with the highest daily and monthly trading volume is Tether, whose market capitalization is more than 30 times smaller. Tether’s volume surpassed that of Bitcoin’s for the first time in April and has consistently exceeded it since early August at about $21 billion per day, the data provider says. With Tether’s monthly trading volume about 18% higher than that of Bitcoin, it’s arguably the most important coin in the crypto ecosystem. Tether’s also one of the main reasons why regulators regard cryptocurrencies with a wary eye, and have put the breaks on crypto exchange-traded funds amid concern of market manipulation. “If there is no Tether, we lose a massive amount of daily volume -- around $1 billion or more depending on the data source,” said Lex Sokolin, global financial technology co-head at ConsenSys, which offers blockchain technology. “Some of the concerning potential patters of trading in the market may start to fall away.” https://www.bloomberg.com/news/articles/2019-10-01/tether-not-bitcoin-likely-the-world-s-most-used-cryptocurrencyStable coins like Tether, USDC, etc, are a godsend. It makes day trading much easier to get into for a newbie like me. If it weren't for stable coins, I would avoid trading period due to the volatility of the market. I still haven't really earned anything trading, in fact, I've lost more than I've initially invested, but I'm getting better with each trade thanks to stable Tether, for now I only trade pairs with stable coins, so I guess I still have on my trading pull-ups, still a junior . |
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Hi, I need your help. first of all, I will explain the situation to you. on July 01, 2018 I was hacked into my gmail account and stolen 1.9... btc ( 25 000 € +-~ !!!!) Yet I have an anti-virus ( MalwareBytes, adwcleaner, ccleaner My Bitcoins were in my Kraken account and the hacker (a Cryptonator.com user received my money and turned it into another currency, that's what Cryptonator told me by email) so the hacker, entered my Kraken account and transferred them to 2 btc addresses, ( I'll just give the names of the wallets for now) - the name of the wallet: Cryptonator.com ( 00000b3dcf9cd062) - e3237ffbd18866ca ( e3237ffbd1) ( --> I will need your help to find out who owns this wallet) What I know about the hacker,: - He is a Cryptonator.com user (he is always active, he receives and sends Bitcoins. He also has some balance for the moment on his Bitcoin address) - ip address (maybe rdp or an online vps) I don't know I have filed a complaint several times and Cryptonator told me to give them the complaint so that I and (the police, the Brussels King's Prosecutor, the Brussels Cybercrime Centre, the police station) can have information useful for his arrest I gave them proof of filing a complaint, now they told me to send them a formal request from the court / or law enforcement / or lawyer. Cryptonator also told me to tell the police: to contact Cryptonator by email and make a request to get the information about the hacker (which I did 11 months and 1 days ago) (it's a coincidence maybe? I got hacked on July 01, 2018, I could file a complaint several times including on December 01) and I send you this message on October 02, 2019  If anyone has any knowledge of how to find the hacker. Please tell me. Thank you very much. First thing I'd like to say is, I'm sorry for you're loss, scams are ripe within the crypto community, because whereas there is new innovation. there is sure to be plethora of scams equally as clever. I'm not sure why you didn't activate two-step authentication on Kraken exchange, which would have stopped the hacker in his tracks. None the less, I'm not sure theirs anything you can do about it besides educate you're self in order to prevent it from ever happening again. Charge it to the game, study all of you're moves leading up to mistakes made and move on. |
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An inspiring story that is worth to read. This is just a summarized of his journey. Eric Finman is just a typical 16 year old student who is bright and creative. He has smart two brothers and he is the youngest. He is into latest technologies. When his brother introduced digital currencies (bitcoin) at 2013 who his brother brought 50 bitcoins. He decided to compete his brother by buying hundreds of bitcoin worth $1,000 in which his grandmother's gave. His brother Ross gave him a book by Ohanian ( a co-founder of Reddit), which indicates the power of internet and which got Eric's attention and interests. He is eager to meet him but there is $8,500 fee which made his parents think it was too much. With his eagerness he founds out and discovered that the bitcoin reached $1,200 and he sold his bitcoin to $100,000. Finally, he met Ohanian. It amazed him how matured enough Eric when it comes to technology. One time, as a freelancer, he make a Flappy Bird knockoff game and Ohanian is an eye opener for Eric's eagerness to use internet as a source of income. He produce his own programmers, etc. And made his own company. I just thought Mark Zuckerberg is the youngest millionare. Now, it is Eric Finman. Here is my favorite line from my idol, "I say if you do not become a millionaire in the next 10 years, then it’s your own fault."
He is now 18 years old. Despite of being disppointment in terms of education, he is now a successful and the youngest millionare by bitcoin and by his innovations and by being creative. Read the full article here. Nice, what a smart young man, I had thought Bitcoin was the new E-Gold, so I skipped out on it due to being ignorant, boy was I wrong. I'm still kicking myself to this day for not investing a few years back when Gox was still up. |
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The launching of Facebook stablecoin is getting support from prominent people in the crypto space, regulators have been teaming up in order to dissect Libra for everything it’s got since it will bring an end to all traditional money which is major concerns of some countries in the European soil such as France and Germany which has vowed to block their citizenship from using if later successfully launched. Would Facebook be successful on this mission that has attracted global critics? Rest of the story can be found here: https://cryptodaily.co.uk/2019/09/coinbase-ceo-show-support-facebooks-libra?utm_source=OneSignal&utm_medium=App This is excellent, because through Libra many people around the world will finally be introduced to cryptocurrency, even if its through a centralized authority. Many will adopt Bitcoin as well, just from the awareness that Libra will raise. I hope Libra is a successful endeavor, maybe the market will pick up significantly with its adoption. Go Zuckerberg!  |
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Hi guys!
For six months I have not followed the cryptocurrency market. I want to know the latest news. Please help me.
Most of all I am interested in the ICO and IEO market:
1. Is this market alive or dead?
2. Did you solve the problem of scam?
3. Do you invest in projects or don’t invest?
4. If you invest, then what is the profitability?
5. If you do not invest, then why?
Thanks in advance for the answers!
It is simple yet complex at the same time. As of right now, the crypto economy is a highly unregulated sector with little to no guidance besides a few regulatory bodies around the world that have issue statements regarding the legalities surrounding crypto. In the U.S, the IRS is one such organization that has issued a small relative amount of guidance for cryptocurrencies regarding taxes. The SEC is another regulatory body that has also issued relatively small amounts of guidance. However they are the main culprit behind the current state of ICO and IEO's. Most of the tokens and coins issued durring these fundraisers raise red flags of possibly being considered securities. Many startups are effected, and many crackdowns have taken place. This is what has stifled the ICO/IEO progress. The cryptocurrency sector is a wild west that operates within in many gray areas of the law, due to it being a new sector within finance. Some of the old laws do and don't apply to cryptocurrencys. It's simple yet complicated to explain. Hopefully the crypto sector and the governments across the world can meet at a middle point somewhere so innovation isn't stifled completely. These things take time of course. Just my two cents! |
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We all want cryptocurrencies to gain value. But we do not use them as a currency in our daily lives. I think this is a big contradiction. I think we should introduce these currencies to people around us rather than just waiting them to gain value as if there was a magic wand. What do you do to make cryptocurrencies more popular?
Well, one of the ways to help spread awareness is by posting about it here on the forum, off course, I'm not encouraging spamming topics about crypto, but instead share your own information regarding a personal experience or something. Maybe you can spread the awareness to social media by blogging or making a video, again I'm not encouraging spam or bias, by share your experience with others. You could also share ot with friends or family by educating them about the many uses of crypto. Just my two cents! |
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Thanks for this information brother, it's good to see these scammers get ousted. Far too many of us have been scammed in this community. No sympathy for the thieves at all. This should help spread awareness to their tactics and help those who could be potentially scammed within the future. Remember to practice your're Due Diligence! |
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Hi, recently I went to a website https://www.crypto-way .ltd (I add a space in ltd so that you won't click on this accidentally. It offers 2X of the amount of money you send in. I find it too suspicious and did a check on the domain name. It was only registered a few days ago. The British company they are suppose to be does not exist and they are hosting in a russian hosting company, making it impossible for me to contact them to feedback to them. If anyone can speak Russian and do the feedback, that would be great as it keeps another scum away from our Bitcoin environment. The scene is definitely ripe with scams, I have been ripped off a few times in my early days here in the community, I'm over it know though, but I've sent 1 whole Ethereum to an IOST telegram bot and never got it back except for fake IOST. Ethereum was around $180 or so at the time. The best thing to do is to charge it the game and move on. A hard lesson learned, now I try to remember to practice my Due Diligence these days. |
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I'm not going to subscribe just to read the article, that's crazy. I'm sure the Bakkt news could be a big part of the reason for the sell off, of course in this sector who really knows. I knew it will fall a bit though do to the slow decline, I guess it will be the "Bad News Bear" for a while until something big happens to drive the price in the opposite direction upward. |
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