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The list has been mentioned, some countries like malta, bermuda, switzerland, germany, estonia, georgia and belarus are bitcoin-friendly countries.
But for some countries that might be a problem to receive fiat money via bank, why not using bitcoin as the payment method? Then you can instantly convert bitcoin into cash through some exchanges depending on which country you live in.
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A few weeks ago when bitcoin started to climb up and seems persistent above $8K, I thought we are slowly going towards $10K but it getting further away at the moment. I've bought at $9K to support bitcoin but turns out to drop below $7K, well another chance to buy more then.
There is one month before the end of the year, I'm still confident that bitcoin will reach $10K, the possibility is still there.
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For bitcoiners who have realized about bitcoin in the future, there is no doubt will always invest in bitcoin, but bitcoin against crisis?
I'm curious as well, how bitcoin will going through the global recession, whether it will rise or fall with fiat currency.
There is a positive sign for bitcoin in the long term, that's why most of my funds in bitcoin and current price really tempting to invest more.
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The value of bitcoin comes from the people's faith that a decentralized currency is a better way for an alternative or probably could be the main currency.
However, a country could ban bitcoin to be used as a means of payments replacing fiat currency due to the government's power to rule the country, although not everyone will obey to regulations.
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Only if a bank ban all transactions related to exchanges, we can't deposit or withdraw if the bank decides to do that.
However, not necessary to close a bank account if one against crypto, just register a new account at another bank.
If there is a better option to deposit and withdraw without a bank account it would be more preferable for me, yet there is none for now.
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Misfortune for someone is a lesson for others, SIM swap attack is an old hacker trick, thus we can't really put too many funds in one place, even for a bank account.
Bitcoin is one of the best ways to transfer funds all over the world which becomes a good option for hackers to steal money and move it to another side of the globe, divide into some addresses, use the mixer or otc transaction to cover the track.
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Remember when we said, DO NOT store large amounts of coins in exchanges.... well that was not just to prevent you from losing coins to hackers, it was also to prevent you from losing coins to corrupt governments. The exchanges are an ideal target for hackers and corrupt governments, because it is a centralized service that can be targeted. I cannot stress it enough, "control your own Private keys or you will not own any bitcoins"  People should rather use decentralized exchanges or trade P2P like Satoshi intended it to be.  It's inevitable, hackers and corrupt governments or intelligence agency mentioned here. Who knows it will happen? Everyone knows the risk when we deposit funds to an exchange. Even for decentralized exchange can't provide everything you need, convert to fiat currency and withdraw to your bank account for example, because of it will lead to another problem. Operators of decentralized exchanges can face legal consequences from government regulators. One example being the founder of EtherDelta, who in November 2018 settled charges with the U.S. Securities and Exchange Commission over operating an unregistered securities exchange. Source Wikipedia |
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The positive news and fuds never stop in this forum, just check press and speculation boards. Many people share their predictions regarding bitcoin prices will rise to $50K  . However, there is no dump, just normal fluctuations in the market. |
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2.5% of the retirees intend to get some crypto in the next half year? I find that hard to believe as that generally is the category to not pay much attention to speculative assets such as crypto.
I wonder how they exactly measured that. Probably just another survey with a few hundred participants, and they were probably excited (read, more bullish) due the increase some months ago. I'm quite sure that if the survey was conducted today the results wouldn't be completely different. Common joes like to buy what they see go up, but ignore what goes down.
A report made by the crypto exchange Independent ReserveWhen someone registers on an exchange, to deposit and withdrawals fiat currency people have to comply with the KYC policy, or at least submit the id. An exchange knows who buys and sells bitcoin, including their age, which explains the method of the survey and what they are planning to do with the pension funds in retirement. |
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There is no doubt about bitcoin price will be skyrocket once again after the halving, and seeing some prediction where the price might be headed makes people excited about it.
Even the last ATH is a big number for a digital currency, we have witnessed a miracle but it will be repeated again in 2020.
There is nothing rational to do except stockpiling more bitcoin into your wallet before it gets too expensive for us and people will complain and regret didn't buy it when it below $10K.
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I've been doing the same thing for a while now because of halving in the next year, considering $10K as the limit, buying bitcoin under $10K is cheaper compared to the gain after halving. According to the market behavior, some coins will rise up following bitcoin path in the rally, thus invest in some altcoins such as bch and eth will be profitable as well. Since bitcoin in the discount time right now, do not hesitate to buy the dip.
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trend analysis predicts nothing.
trend analysis just turns people into pump an dump sheep causing people to repeat history over and over
Technical analysis based on market trends, yeah you can call it trend analysis. However, TAs always different depends on who made it up, since bitcoin tends to repeat the cycle happened before, the history may repeat over again. It does affect people's decision, but we have the bigger picture here, bitcoin will rise towards halving and every dip is a chance to buy more. |
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Yeah, it's normal in the bitcoin market.
If bitcoin price suddenly spikes up to $1000 within minutes, then drop $2000 in the next hour, that's something crazy for the current market. It happened a few times but takes a few hours to raise $1000 and takes longer to drop as much $2000. The only reason it happens because something big is coming, whether a good thing or a bad thing for the community.
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2. As it dropped fast - as it should bounce fast to retest lost $6000 level and log trend at around 10000-20000. 2019-2020 AD.
3. Then it should fall back to ~6000 support. This should happen up to 2020 AD.
I think that we gonna see the ~6000 Support in the coming days or weeks.
Some people did speculate bitcoin will drop to $6000 by December. However, many others speculate the opposite way, bitcoin to $10,000 by the end of the year. Let's see the probability for bitcoin to fall or rise, TAs that mentioned bitcoin more likely to rise then fall seems has a bigger chance to happens. In this case, I believe bitcoin will stay above $8000 for weeks. |
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Many people hurry up for investing after John McAffe recommended with altcoin for investing, never have in their mind with last coins prediction by him, have raise success with higher price or down. Right now I can't trust any one else give prediction with bitcoin and altcoin price, I think looking with exchange update is most important to know which one coin will get raise up.
Bitcoin surely will rise up to $10K, $20K, without any doubt. Even people who have bought bitcoin at the ATH will make profits if they are patiently waiting for bitcoin to reach new ATH in the next year. Just look at exchange price doesn't mean you'll know which one will rise, it's based on the fundamental of a coin, some have good potential while most of alts will be left behind when bitcoin in bulls run. |
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OP, I hope it is your own work..  In any way, I gave you 1 merit for posting it, because it adds a lot of brag material for my collection. I specifically liked the the "buying $10/mo graph, showing your 595% gain, because it puts a lot of stuff in perspective for me. I had a hard time with people telling me that we are cherry picking dates to suit our agenda and this blows that crap out of the water. Keep up the good work, no wonder you are in one of the best signature campaigns on this forum.  NO, it's not his (I assume) he has shared the link where it started; unless he's someone who works for coinbase. |
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After 10 years we have been able to make the governments afraid of this decentralized system giving back the real power to citizens.10 Years is short. And they now see it as a real threat to fiat, that's why we're seeing them creating in hurry all kinds of (sometimes senseless) regulations.
Governments aren't afraid of the decentralized bitcoin system, regulate to make sure people don't defraud others, trying to do something illegal such as money laundering, even though we don't like the taxes. Nevertheless, the positive example happens in Japan, government doesn't consider bitcoin as a threat to fiat instead allows it to be used like JPĄ. I really like this, who want to mess around with bitcoin chain  |
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I think it is not yet time to buy and it will go much lower between the range of 8200- 8400 value and as of today 24hr low currently 8600 so it might go down and probably bounced back to $10k and that's a huge profit.
And it would be best to take advantage of the market crisis than cry later and no profit at all.
It was around $5000 when OP mentioned buying bitcoin, but the idea to buy at every dip isn't changed. There is a probability that bitcoin may drop to $8500, but I doubt it will fall below it. $10K isn't the target as bitcoin has the potential to go beyond $20K in the next year, so just buy whenever you think it's plausible. |
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Bitcoin or ethereum doesn't have the capabilities to become the mainstream.
People don't want to wait several minutes for a transaction confirmed nor have to spend a dollar as a few for direct transactions, it's clearly not for most people who believe in cash as the main means of payment.
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