Kindly share your thoughts guys. Is this the right time to buy And hold or not? Causes i have doubts maybe this is another bull trap Again . I need Some suggestions about this rising moment Of bitcoin Guys.
Well considering that we're going towards the 20,000 mark after breaking that 16k barrier, it's pretty much guaranteed that we'll see either a drop or some kind of halt when we reach that big 20k. Just thinking about it, I would say that you can hold off until we reach that point and we're either stuck there or dropping. Then, when BTC is low, swoop in and buy some so that not only will you push the price up, but because you'll be getting it at a good price if you hold. |
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If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
It's possible that banks will start to dissapear -- they're rooted in centralized currency anyway. However, it would make more sense that the banks adapt and change their policies in order to have some support for currencies. What I could see happening is banks starting to act like exchanges. They'll be there to keep your bitcoin, but not many people will support the banks because of certain bad practices. If we're to see forks in the future, it's very likely that the banks make their big money off of those forks by not supporting the forks for individuals and keeping the coins for themselves. |
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Hi to all and a Happy new year! May that 2018 bring you 50x!
As I joined the crypto movement last summer (August 2017) and managed to have a 4x on my portfolio till now, I saw a lot of changes and raises in the market.
Hearing about how a did a handful of my friends want to invest now.
I knew what to advise them back in...let's say September 2017, but now the market is a totally new beast and I'm puzzled.
So, that's why I'm asking you - "In what would you invest if you had $5000 right now?"
Thank you in advance for all your answers.
You always want to diversify your portfolio, regardless of what you put your money into (be it stocks, crypto, land, etc.). With that in mind, I'd probably split my money between LTC, ETH, and BTC, with BTC having $3000 and LTC and ETH having 1000 each. We've seen that Bitcoin often rises when the altcoins go down, so by having some holding in both, you're able to assume a level of safety when one or the other goes down. Furthermore, when ETH and LTC go up, they're pretty explosive, so you'll end up getting some nice gains from that. I like to stick to significant coins based on their market caps so that I don't get stuck with a coin that can instantly drop dead. |
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Oh yeah, bitcoin is rallying again, nice to see people are jolly and jubilant about another bull run in the horizon. It looks like the lost from the previous was quickly erase in one day. The resistance around $16K level is broken, so it means that we are now consolidating for another run at $20K. Let's see how everything pans out in the next couple of days. This will be another critical path for bitcoin. But I'm sure that we are going to expect the price to go further. I'm so excited!!!
I think I'm more happy about the fact that this rise isn't exponential. It doesn't look as prone to bursting right when we hit a resistance level as much as the last run did. Furthermore, we're seeing the alts go down which is pretty nice news in terms of the market cap of BTC. Bitcoin should be taking the throne with a significant lead over Ripple and Eth soon enough. I'm sure we'll be facing a significant amount of resistance at 20k, so everyone should be prepped for another significant drop soon. |
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Prepaid bitcoin card holders (issued by WaveCrest, a Gibraltar company) had received a letter today with a short notice that VISA had shut down the bitcoin related prepaid cards. This means that a lot of bitcoin card providers (included XAPO, etc...) are without a card issuer now. Some hours later XAPO also wrote a letter to all XAPO debit card holders that the debit cards are cancelled by VISA, without prior notice. They promised that they will look for a replacement solution to issue cards for them and were asking for a little patience from the XAPO wallet holders. I saw on reddit that people are blaming VISA for the situation, it's like the company is trying to close the connections between bitcoin and fiat, in order to preserve it's position on the market. We will need LN and compatible mobile wallets really soon.
It seems like Europe is significantly affected by this change. https://motherboard.vice.com/en_us/article/wjpzx5/using-bitcoin-as-money-just-got-a-lot-harder-in-europeThe article states that Bitpay's cards still work in the US. To be quite honest, I think bitcoin is still pretty far from being used well as a currency. There needs to be a lot of changes made to the transaction fees, the length of confirmation times, and the payment system in general. As of now, I think I'd say that a majority of people are using the coin as an investment asset rather than a currency. So for the most part, I think this really affects those who were aiming at using their Bitcoin in real life. They can still go to BTC atms and whatnot. |
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How do i start a signature campaign for a coin. I have not done this before.
To start a signature campaign for an altcoin, you should check out the services section. You'll see a lot of examples of current coin campaigns. If you're planning on paying out using altcoins, you should check out the altcoins services thread. It seems that nowadays, campaigns are using alts because Bitcoin is so volatile. First, you're going to need a lot of funds depending on how many people you want working. Then, find a manager in the services section (_Darkstar is a great option), and contact them letting them know that you want to start a Signature Campaign. Make sure you have the thread made and the signatures created as well, and then you'll be able to start up your campaign. |
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I don't know about the pump and dump thing since banks are probably trying to gain public interest in XRP which is why they are pumping prices up. If they succeed and if people choose XRP for daily transactions rather than Bitcoin, it will be a game changer.
How do we know that the banks are the ones pumping XRP up? As far as I know there's no evidence that points directly at the banks, but it would make sense that they're trying to bring Ripple up. I'm assuming that you're making this claim because XRP is centralized while BTC is not, so the banks have more control if XRP were to become the daily driver for transactions. However, then in the sense of Op's original question, I think it's possible that we will see the centralized currencies (with the banks backing them) vs the decentralized ones (with individuals and investors backing them). |
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Ripple is at the moment insanely pumped, there are going to be a lot of butthurt suicidal Asians when the bubble bursts and someone dumps a few billions on them.
Ripple is definitely way too pumped. People don't know that it's completely centralized lol, they see it on the altcoin markets and are like, well what could go wrong? They don't see that the creator can basically monitor everything; people aren't as safe as they are when they use bitcoin. All it takes is a couple of the big hitter investors to pull out of ripple and instantly it'll be gone. I don't think I'd complain though, because bitcoin would probably benefit from a ripple drop. I'm sure those who put their money in ripple would be willing to move back to BTC. |
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Bitcoin can not be compared with dot com, because it seems to me that bitcoin is already the next step in the Internet business. Since there is a huge experience obtained since the late 90's, bitcoin thoroughly and deeply penetrated our consciousness and convinced that it is the future. I think bitcoin is an excellent business idea that will certainly continue to develop.
To not be comparing it to the dot coom boom would be foolish. You're so concentrated on bitcoin that you're not even looking at the other half of the market. There's altcoins which act exactly like those companies that were being rushed and started up, thrown with funding and unable to capitalize on it. Bitcoin and cyrptocurrency in general is an exactly similar state. Sure, bitcoin can be a great idea, and it can even be the right solution, but that doesn't mean history can't repeat itself. All it takes are the big investors to jump out and instantly bitcoin falls. |
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What if Bitcoin started acting more like a real currency, becoming more stable on the $14000 to $15000 level without veering too much away from it. Would you support that kind of stability? Would that make Bitcoin a better store of value for you?
Would you buy more Bitcoin?
As an asset, I probably would remove my investments in bitcoin and put them into something a bit more profitable. As a currency and technology, I would definitely keep up with it because stability for bitcoin would mean that it can be used as a currency more openly. People currently worry that if they spend their bitcoin on something, they'll lose out on some value that the bitcoin can potentially have. Similarly, for shopkeepers, they need to deal with the possibility that bitcoin would go down. I don't think it would make bitcoin a better store of value for me since it's not rising, but I would buy more because it will most likely be the currency of use if stability reaches it. |
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I believe Bitcoin and Altcoins will become phasic...in other words, both go start going up in tandem. If this is the case, then the below chart shows BTC doing a brief interlude of consolidation before likely moving up to tag higher highs! Once the run towards $23k starts, I believe the Altcoins will join and start making vertical; parabolic; Orgasmic lunges to never seen levels!!
What's the motivation behind this statement? Where's your proof? For the most part, Altcoins and Bitcoin have not had a symbiotic relationship. When altcoins go up and gain more of the market cap, we often see bitcoin dropping, and the vice versa. Why would this change now? Furthermore, there's no reason to believe that we're going to hit exponential levels of growth again. I want to know what you think is backing your claims because as far as I can tell, no one can predict the future trading price of bitcoin. |
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Hello, I am here for 4 months already and have seen a lot already. What bothers me all the time is the relationship BTC versus Altcoins. I don't understand why the whole market is being driven by BTC value. When BTC drops 50% all other altcoins also losing their value in USD for 50%. If i am mistaken please correct me. I think all altcoins should keep their stable value in USD no matter if BTC goes up or down. This is very strange to me. I just want to ask you guys what is your exit strategy from altcoins when BTC corrects in the future for example 50-75%. I want to invest in some altcoins now for long term. If i make 100% gains on altcoins and BTC correct -50% i am actually on zero profits and i think it may happen in near future since BTC has more and more competition. So far i noticed everything is losing their value when BTC is going down so in the scenario when BTC = 0 all other altcoins = 0. This is stupid. So what is your exit strategy from altcoins if BTC for some reson goes to 0 and everything is paired with BTC? I now there is pairs with USDT also on Bittrex. Is this another option to exit from altcoins if BTC goes really down? I never used USDT before  Well think of it this way. Bitcoin is the original cryptocurrency and it currently has the highest market cap out of any other coin on the market. When bitcoin drops, people see that the strongest, largest valued coin is dropping and think that the altcoin that they invested in will go down too because the "mighty" coin is going down. So, they fall into FUD and sell sell sell. My exit strategy is technically already in place. I try to limit myself on how much bitcoin I'm keeping and how much fiat I keep. if I overflow on one or the other, I put into altcoins. I have enough in bitcoin such that if it goes up like crazy, then I'd enjoy the profits, but I also have enough earnings overall off of bitcoin such that I'd be fine if Bitcoin goes to zero because I end up in the positive zone based on my initial investment. People should try to trade safe and hold for a while until Bitcoin is technologically beat by an altcoin. |
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Probably not.
He invested between $15-$20m in mid 2017.
With the price increase their holdings have increased drastically. If they were to cash out a significant amount then it would affect the price leaving the rest of their coins worth less.
The same goes with anyone holding large reserves looking to cash out. They sell small walls so they don't affect the price allowing the market to set the price and selling their coins in batches at the otherwise higher rates.
Think about the idea behind him putting in millions of dollars. It influences the public to put their money in too. They see that on one hand, bitcoin has no physical backing so they're nervous to put their money in right after the drop. However, they see this big news that Peter Thiel is putting millions of his money (regardless of how much he's actually worth) and say "wow that must be a good idea!" It's the effect that snowballs through and ends up giving bitcoin more investors. Then they see the price rising, and they put more/more people hop in. |
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I am not demanding too much from Bitcoin and I am already done with wild predictions that Bitcoin can be $100K within this year or be worth millions many years from now (though it is good to hear those predictions and projections and can even be inspiring to hear). As for me, I would rather live on what Bitcoin can give to me and for now am wishing that it can be back to the $20K level and even if it will stay there for the rest of the next 6 months then I would not mind. Do you think that within the first quarter of the year Bitcoin can be back at the $20K level? This is an interesting question because 20,000 was that level that we were trying to break before we dropped like crazy. Because of that, I think there's still a resistance level there. However, I don't think it'll prompt a drop so large as what we saw before. Especially with large investors coming in and dumping their money into bitcoin, It's very likely that we'll go past the 20k mark in this quarter. If not this quarter, I'll predict in the second quarter of 2018. We may not be able to stay there for long, but we'll definitely hit it. |
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I think 2018 will be an extraordinary, medical and AI would be nice, because there are many projects already in development, such projects do you optimistic? To talk about the idea!
In terms of markets, these new technologies will push the world to be more modern. We may see a lot of development in third and second world countries in terms of technological advancement. With that comes a new push for cyrpto as well. People will start developing using blockchain technologies, but that can mean that more altcoins start popping up too. Even though each altcoin may have a specialized use, we'll be seeing something quite similar to the dot com boom. Tons of coins but only a few survive -- not all start up can be a Microsoft or an Apple. So with that, there may be more competition for Bitcoin, but it may last long due to it's current highest market cap standing. |
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Here we go with another thread asking about this, and people are giving the same
answers over and over. This is tiresome and the answer to ranking up really needs
to be stickied in bright bold red letters on the front page of meta, where this
question gets asked the most. These threads should also be moved to beginners &
help.
It's also annoying that so many newbies are so concerned with rank here. I've never
seen this attitude on another forum (and I know why. It's because they're so anxious
to start spamming for money).
Yeah, it's sad what this forum has become and incredibly frustrating that nothing is really being done about it. I can literally see the forum getting worse every day as more and more shitposters tell their friends they can earn money here. The majority of people who sign up here are kids from South-east Asia who can barely speak English and they don't just sign up on one account. There's no money in that. To earn a living you need multipe accounts if not dozens. And of course they just regurgitate the same one or two sentences over and over. Some people even have their entire family posting away. I've seen people boast about how their wives and mothers and kids are earning good money now. Of course 9/10 of them can't speak English very well and have no genuine knowledge or interest in bitcoin other than they can earn money from crapcoin campaigns here and crapcoin campaigns will certainly pay them. They don't care as long as they have their signature smeared all over the forum. There has to be some solution to this right? Isn't it possible to force rules onto signature campaigns? Maybe impose the rule of having full members and above only. That would force spammers to wait for a long time before they can grow their accounts up, and if word of mouth spreads in regards to making money, people who aren't enthusiastic about cyrpto will just drop out because it'll take too much time to get to those ranks. Or maybe there can be a new type of moderator on these forums that have rule over those that are in signature campaigns and monitor threads to boot those who spam. Having one campaign manager to handle about 50 people who are posting is pretty strenuous. |
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A huge risk in my opinion, but he definitely just shifted the market. I guess he saw a great opening while we were hovering at that 13000-14000 zone and went for it. Regardless, I have a hunch that his buying is what spiked the btc price today. Seems like people are starting to follow him because they've been given some confidence about the coin. The more the whales come up and keep buying, the more the average guy starts buying. With that we'll see some price rises if more influential people put their big bucks in. |
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The recent rise of the Ripple with its sudden and tremendous growth made some to think that maybe soon Bitcoin can be replaced form its number one position and be replaced by its centralized rival. Though I doubt if Ripple can really make it, if it can continue to rise and if Bitcoin will retreat further then it is quite possible. I might be sad if this can happen practically because i already sold my Ripple months ago and was not able to be a part of its bull run. Now, in case this thing will happen, how will Bitcoin be affected and the whole cryptocurrency market? Will it be Bitcoin versus Ripple this time after the recent Bitcoin versus BitcoinCash? There's no way that Ripple will take bitcoin over. In fact, I think that ripple will be facing a strong set of losses soon. People don't realize that it's centralized and that there's a guy controlling the entire coin. It's not really a cryptocurrency in that sense. In the case that Ripple actually does go past Bitcoin, I don't think it'll last that long. If anything, that means that the altcoins would have risen to a point that a better coin like ethereum or of the like would take bitcoin's place. |
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Ripple is a joke. Good business, but as cryptocurrency it's a joke.
Care to elaborate ? The big banks seem to think otherwise they have huge names already lined up like RBC, Santander, UBS, American Express, Credit Agricole, CIBC, BBVA etc etc etc. So "a joke" is pretty inaccurate. This is something quite serious. The user means that it's not a true cryptocurrency because it's a centralized coin. The whole idea of cryptocurrency from my understanding and why bitcoin was started is 1) To be anonymous, 2) to be a fully electronic currency, 3) to be decentralized. Decentralization is important because no single entity can control the coin or the holders. Aka, we're free from banks and governments just regulating how much is in the market, how it's being moved, etc. Ripple is different. It was created by a person and that person dictates how much ripple is available. One user in this thread explained it well. |
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Most people here and reddit will defend bitcoin no matter what instead of looking at the problems. Every time someone comments something about the speed or transaction fees they will just yell ''FUD'' or ''Another attack on bitcoin'' but it's not always that. I have been a strong supporter of bitcoin myself but we have to face it, it's not in a good position right now, sure the price is great but what else? Insane fees that are not getting solved any time soon? I know the demand is high but the ones that are buying are just buying to sell eventually not to support bitcoin, not to use it. The demand will eventually fade away and what do we have left? An outdated bitcoin that won't be able to compete with better coins.
You're running into this because you're on bitcointalk. Of course people on this forum would be biased towards Bitcoin. You'll also probably run into people who are trying to maximize their profits because they know that bad news tanks the price while good news can raise it. So, if they minimize the bad news and push out those who are pessimistic/realistic, then maybe they'll make more money. I do believe that Bitcoin isn't the best solution. However, I also believe that it's the original solution and that just that presence will give it some value as well. |
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