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481  Economy / Speculation / Re: What Could Make Bitcoin Drop To $5? on: November 10, 2019, 04:10:23 PM
There is nothing could make it, just impossible.
If something goes wrong in bitcoin nodes or something bigger happens such as the internet shut down due to nuclear war,
then it more likely bitcoin will fall to zero not $5.
482  Economy / Economics / Re: Malaysia to Limit Cash Transactions in 2020 on: November 10, 2019, 02:55:55 AM
It's true that cash being used for illegal transactions and so does other forms of means of payment including bitcoin. If a government stated to implement a rule to prevent cash abuse, that's their right to do, furthermore, it's more convenient to transact fiat currency through bank service, who today always carries so much cash in a suitcase with them?
483  Economy / Speculation / Re: Aren't we headed towards getting a 10k (or maybe higher) shot again? on: November 10, 2019, 01:09:38 AM
~

~ Buying the dip can be done but in a very secure plans because we can't just pick an asset randomly, shitcoins and other low valued coins will probably be included on your choices. That's why it's so important to do your deep research on those desired coins that we're about to purchase and hold.

Nope, just buy bitcoin when the market in the bloodbath, even some major altcoins such as eth or bch aren't tempting for me to buy.
Just focus on bitcoin and you'll get the best results when the rally begins, at that time you may choose some altcoins that will follow the steps of bitcoin.
484  Economy / Speculation / Re: Aren't we headed towards getting a 10k (or maybe higher) shot again? on: November 09, 2019, 10:42:48 AM
The dip pretty much predicted, just buy the dip.
It looks like the traders are playing the same thing as usual but give us a chance to pile up more Sats.
Probably some entities trying to intrigue sell-off events to buy at a cheaper price, but don't get shaken out because the chart indicates bitcoin heading to $10K.




Source
485  Economy / Speculation / Re: Bitcoin Price Moving Towards $9500 Mark on: November 09, 2019, 01:33:52 AM
My instinct tells me that the last bull run isn't over yet, just stalled out for the moment.

Let's trust your instinct this time because I'm also hoping that this sudden fall is just a signal to the start another price rally for Bitcoin and I'm pretty sure that a lot of crypto people is waiting for this moment to buy Bitcoin at cheaper price to maximize their profits once Bitcoin go beyond its ATH, This is the perfect opportunity that they don't want to miss.

in a big frame, the bulls run has been started since April-May when the price starts to climb up from $3000 to $13,000.
What we've seen just normal fluctuations due to some reasons affect the market trends.
The drop from $9300 to $8700 was a minor pullback, pretty much predicted and expected for bitcoiners to make long positions, as the bulls market not over yet.
Buy in every dip.
486  Bitcoin / Press / Re: [2019-10-26] Forget China—Is This The Real Reason Bitcoin Bounced? on: November 08, 2019, 06:14:08 PM
Bitcoin is not depending on china...

imagine the following:

if the president of china said: "from today bitcoin will be legal in china, all people in china can buy and sell bitcoin without problems, all exchanges can go back to china ..."

what do you think would happen? the price of bitcoin would go up ~

So, let's wait until the government said so, which I doubt they will be.
China tends to move differently from other countries, they create everything or trying to copy anything, create counterfeit goods.
It is more likely for them to create their own crypto rather than legalize bitcoin, adopt blockchain technology doesn't mean they will allow bitcoin trading.
487  Bitcoin / Bitcoin Discussion / Re: ‘Blockchain Island’ Thriving: Malta Set to Lead European Growth in 2020 on: November 08, 2019, 04:04:56 PM
Malta has positioned itself as one of the leaders in cryptocurrency regulations, they had a very progressive approach to cryptocurrencies including providing education to the citizens regarding blockchain technology, finance, and cryptocurrency.
Whenever a country become a safe haven for crypto, good things will follow, it's a technology of the future. As some of the biggest exchanges such as Binance located there, just imagine how much income from tax for such small islands.
488  Economy / Speculation / Re: What's next? on: November 08, 2019, 02:49:41 PM
Short term: unpredictable. A dip to $8,500-$8,800 is possible. Or we could just keep ranging a while.

Mid term: bullish. I believe the bottom is in and we are now slowly reversing back into a bull market. For the next couple months, I think the market will have a sideways/upwards bias as we range in the $8,500-$12,300 area.

Long term: bullish. I think we'll rise into the halving and afterwards. Chances are there will be a sizeable dip near halving time as people "sell the news" but I don't believe it'll affect the long term trajectory.

It is happening right now, bitcoin gradually drops below $8700, as expected, probably still continue to decline.
A good chance to stockpiling bitcoin obviously, before it gets back above $9000.
Buy in every dip.
489  Alternate cryptocurrencies / Altcoin Discussion / Re: No Wonder Satoshi Disappeared... on: November 08, 2019, 01:28:49 PM
Bitcoin is different from altcoins, can't be compared.
When satoshi left bitcoin core, he had the reasons, he said; “I’ve moved on to other things,” Satoshi wrote back. “It’s in good hands with Gavin and everyone.”
Although the disappearance of satoshi might be a good thing for the bitcoin community, still it's pain in our heart never sees anything from him again.

https://bitcointalk.org/index.php?topic=4712900.0
490  Economy / Trading Discussion / Re: Do long term holding profitable in all cases? on: November 08, 2019, 12:00:44 PM
Not in all case for sure, most altcoins will not recover to its ATH, but some major alts like ETH has a higher probability to reach $1300 again when bitcoin back into action.
For many people who have bought bitcoin or ETH at the ATH, no other choices than keep holding until the right time to sell.
As mentioned in many TAs, bitcoin more likely to reach new ATH after halving, assume it will happen in 2021 then be patient wait for it.
491  Economy / Speculation / Re: 6 Months of Missed Opportunities in Bitcoin!!! on: November 07, 2019, 04:01:44 PM
I'm happy someone is willing to share their analysis in here. But as so you know, there are tons of people like you that doing it for free in here. Just saying tho.
I'm not saying your way of doing it is wrong. And your analysis might be better than the others, who knows, right?

Please post links to the tons of people posting financial analysis here. I would like to read them.

There are a lot of people who share their TAs, but it can't be stated as financial analysis or financial advice, everyone is free to make the call to buy or sell at any time.
Here the list:
Godmode Technical Analysis by dmwardjr
Yet another analyst by exstasie
I quit my job to do full-time crypto-trading. Made 12 BTC profit last month by Mark_R
If Bitcoin Repeats History? 5 Part TA Series On Descending Triangle Breakdowns by dragonvslinux
20K by March, A positive Look at the market. by mikeywith
2019 Cryptocurrency (Elliott Wave) by xxxx123abcxxxx
492  Bitcoin / Bitcoin Discussion / Re: Scarcity is one of the leading factors of Bitcoins value on: November 07, 2019, 01:28:53 PM
Scarcity is one of the leading factors of Bitcoin’s value and it is an idea that was deliberately implemented from the beginning. Many key players in the industry are already making predictions about the future value of Bitcoin, having considered the effect of the scarcity along the way. In November 2018, ex-hedge funds manager, Mike Novogratz predicted that Bitcoin will recover and return to the $20,000 highs of late 2017.
Scarcity is not the sole reason why the price is increasing, the fundamental reason for the price of bitcoin increases is because there are people intrigued by the technology and they foresee a massive adoption in bitcoin and so is the reason people are investing in bitcoin and thereby the price keeps increasing, so what i am trying to tell is that scarcity is one factor for the increase in price and there are many other factors for the rise.

Edit: franky1 explained it better than me.

Indeed, but as the title mentioned, 21 million still a factor that affects bitcoin price although it's not so significant these days.
Bitcoin surely will recover to $20,000 after the halving, but it's because the mining rewards decrease but should be able to cover the mining costs, so the real price of bitcoin measured based on mining costs. What makes the price rise to the moon is because the market trends i.e. manipulation, not the technology.
493  Bitcoin / Press / Re: [2019-11-05] Bitcoin Price Hits $11.6K on Argentinian Crypto Exchange on: November 07, 2019, 10:48:08 AM
Argentina's yearly inflation reaches 50%, the government’s debt burden $57 billion to IMF is the worst mistake, the debt-interest will drag the country down into the ruin.
While they have to buy bitcoin at a higher price, it may be a double-edged sword if the price suddenly drops, unless their intention is to escape the inflation, yes it's better to switch-over rather than keep fiat currency. If the country is going to fall into a crisis, citizens may have to leave the country like in Venezuela.
494  Economy / Economics / Re: China is able to do 50%+1% attack. It means, China dominating the crypto's. Or? on: November 07, 2019, 08:16:56 AM
China doesn't own 51% hashrate, it belongs to the mining pools which have left the country when the government crackdown bitcoin, ban exchanges and miners.
And those mining pools aggregate consists of miners come from various countries joining the mining pool.
Furthermore, China doesn't own the majority of nodes that support the bitcoin network. The U.S. is leading with 25.88% and China ranks 8th with just 3.26%.
Maybe that is the reason the Chinese government scraps plan to ban cryptocurrency mining.

Source
495  Economy / Trading Discussion / Re: How to learn bitcoin trading? on: November 07, 2019, 06:59:27 AM
First, choose the right trading platform/exchanges, in general, you should register on exchanges in your country to make it easy to comply with the kyc policy, deposit, and withdrawal fiat currency. You can check every exchange to find out how much fees they are charging.
You can learn bitcoin trading from some people who share their TAs every day or every week, you can find them in tradingview site.
However, in the end, it's your call to buy or sell bitcoin, that's why you should do your own research regarding market trends, what's the next event that may affect bitcoin price.
Knowledge is the key to make the right decision.
496  Bitcoin / Bitcoin Discussion / Re: Bitcoin is Like An Orphan on: November 07, 2019, 05:01:42 AM
Why don't we have people doing this for btc adoption. This would encourage newbies like us.

Since the founder of bitcoin has left the community, yes you can call it an orphan.
If you want free bitcoin, there are faucets, back in 2010, bitcoin faucet could generate BTC5, so you are too late 10 years to ask such question  Cheesy
In the real world, there is a saying; there is no free lunch. You should know the correlation with your demands.
Wake up, work or offering your skills to earn bitcoin, just simple as that.
497  Economy / Speculation / Re: BTC 20,000 USD by the year end. on: November 07, 2019, 01:29:24 AM
To my opinion this is not likely to happen. There is very little time left and to achieve 20000$ by the end of this year we would need constant continuous growth but I don't think there are conditions for that in the market.
Although I'm optimist and don't expect some bigger corrections and I don't think that price can grow that much.

It is funny thread which does not have proper speculation about the Bitcoin price and future adoption. In which which thinking this thread has been created is so doubtful.
Let's learn more from the traders and we can speak about it.
They are being updated about the price to invest more so they can explain it better.

Three factors mentioned in the articles are not enough to speculate bitcoin to reach $20,000 just in 2 months left.
Bitcoin dominance and chinese fomo are not contributing to bitcoin rally, Bakkt may affect the price to this level, but nothing to push it further.
The price may stuck at this level for a month if there is nothing significant influence on the market to make a move upwards.
498  Economy / Speculation / Re: What's next? on: November 06, 2019, 11:36:03 PM
~

Not sure if its going to be big dumps probably just a slight people are selling out of fear. But I think the market is pretty much ready for some pumps. It may however start this last month of the year. And then the news about ETH2.0 will come and all other news that will eventually make this price rocket. FOMO will happen and then they are going to flock in crypto and then we will all again be predicting when the bears are gonna come back.

Nope, probably not a big dump, just a pullback after the bulls run hit some higher peaks, the market will correct bitcoin price. Bitcoin may chill at this point until next month, but there will be 3 scenarios in December, whether the price will rise, drop or hold above $9K, but I don't think it would be a pump, better to have gradual increases to $10K by the end of the year.
499  Economy / Economics / Re: ‘Bullish for Bitcoin’ — China Scraps Plans to Ban Cryptocurrency Mining on: November 06, 2019, 03:46:44 PM
I agree this news is not something crucial, but it definitely shows that China changes his views not just towards crypto mining, but also toward blockchain and in a way Bitcoin. These days we can read the news that Binance is reportedly returning to Beijing and that they launched P2P trading in China last month.

Yes, it's not a significant matter but if we think more deeply about it, probably Binance really has something/aggrement under the table which is not published.
However, such speculation doesn't mean anything as long as the Chinese government still ban bitcoin and exchanges.
The questions is; why cryptocurrency mining? are they want to control the miners? control the mining pool of bitcoin network’s collective hashrate?
500  Economy / Speculation / Re: What's next? on: November 06, 2019, 01:26:09 PM
I made a similar post last week shoeing concern about one more dump before the halving

It's too early to judge that there won't be any dump before the halving because there are still 6 months left.
Bitcoin still manages to hold above $9K, some pullback occurred but can't force bitcoin under the support level for a long period. Frankly speaking, no one knows what will happen in 6 months,  but the chance for bitcoin to drop again is still quite large, at least fall to $8K.
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