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521  Bitcoin / Bitcoin Discussion / Re: No Capacity to Kill Bitcoin! on: November 04, 2019, 04:43:28 AM
Ok, the Congressman is a fool.

If the US Government decided to go balls to the wall and destroy bitcoin, then sorry bitcoin will die.

1. They could confiscate all bitcoins in the US and crash the markets.
3. They could send in special forces covertly and destroy all ASICS warehouses, with explosives.
4. They could just compromise the 4 mining pool operators and make them double spend and freeze all new transactions.
5. They could just threaten to bomb anyone that mines bitcoin.
Realize that if the decision to use force is ever on the table, then bitcoin is dead.

Which likely will not happen, just in your fantasy. That's an abuse of power and more likely an act of terrorism rather than a government, the US is a democratic country, not communism. They can't confiscate all bitcoins in the US without enough reasons to do so, just because they can don't mean they will.
Keep the hallucinations in your mind, don't mention it here, all of it is crap.


522  Economy / Economics / Re: The U.S. Government Tried To Shut Down Bitcoin on: November 04, 2019, 03:02:34 AM
This is one of the old story, they have tried and they failed. There is no any government that can shut down bitcoin due to bitcoin proof of work, consensus, nodes, and miners that spread across the world. Now they just regulate it and watch over everyone who registered on exchanges, tax is one of the reasons they do that.
The government can ban bitcoin, exchanges, and miners, but they can't prohibit people using it under the radar, bitcoin is the money of freedom.
523  Economy / Speculation / Re: 03.11: Descending Triangle On 4hr Bitcoin Chart To Look Out For? on: November 04, 2019, 12:22:03 AM
And the greed is back...



So, it just means one thing, a positive trend in the market.
Time to acquire more coins before to ride the incoming big wave.



Nevertheless, is bitcoin price going to $8250?
It will be a good opportunity to accumulate bitcoin at cheaper price.
Let's see what tomorrow will brings.

The measured move of -8.5% calculates the price target of $8250, which is another VPVR level of median price from the recent volume history from the breakdown of the Weekly descending triangle.
Nonetheless, a 4hr close below $9020 would be bearish with a Daily close below the 200 Day MA required to confirm bearish bias.
The descending triangle pattern will enter the breakout zone after 75% completion on November 5th 20:00 GMT.
524  Bitcoin / Bitcoin Discussion / Re: A rising number of Americans own crypto and nearly 13 million women says study.. on: November 03, 2019, 10:43:22 PM
It's simply unrealistic; according to a survey of 2,068 participants commissioned by Finder. That means roughly 36.5 million Americans own some form of crypto.
2068 participants don't represent 36.5 million Americans, how absurd, this study does not make sense.
If the study report how much Americans registered on some major exchanges in the U.S like coinbase, gemini, bitstamp etc, it would be more rational to conclude how much people involved and have invested in crypto.
525  Economy / Trading Discussion / Re: WHAT DOES A TRADER NEED? on: November 03, 2019, 02:38:22 PM
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

For a start, yes that would be enough.
The most important thing is knowledge to determine where prices will be in accordance with a comprehensive understanding of market behavior.
The last thing; the lone wolf may not get better results compared to the wolf pack.
526  Bitcoin / Bitcoin Discussion / Re: Bakkt will partner with Starbucks for Bitcoin on: November 03, 2019, 01:14:04 PM

Starbucks huh? Is that the best they can pull? I mean... seriously. How many customers would actually purchase a cup of coffee with BTC?

Although the number is minuscule, it still the real-world usability as a mean of payment, as someone who holds bitcoin, I'll be happy to buy a coffee using bitcoin even though it may become the most expensive coffee I've ever paid in the future when bitcoin reaches $1 million.
As time goes on, more merchants and retailers will accept bitcoin, that's what the purpose of bitcoin, to become an alternative online payment.
Everyone is free to choose whether to pay using bitcoin or fiat currency.
527  Economy / Economics / Re: Bitcoin Whales Are Selling BTC Before Market Crash: Peter Schiff on: November 03, 2019, 12:21:46 PM
Obviously, when bitcoin whales sell-off, bitcoin price will crash, they are the main reason why it happens in the first place.
Even in the regulated crypto market, whales can dump all they've got, no one can forbid whales to sell their assets, it's a free market.
In a small market capitalization, manipulation is inevitable, but it will change as time goes on after more adopters hold bitcoin.
528  Economy / Speculation / Re: One more dump before halving? on: November 03, 2019, 10:55:26 AM
Not just one, there will be several dumps before the halving, that will be the chance to acquire more bitcoin.
Look at current price persist above $9K, hopefully there will be some corrections before it reaches $10K but it seems unlikely to happen according to current market circumstance.
529  Economy / Speculation / Re: Day Trading for a Living? on: November 03, 2019, 06:55:24 AM
Yes it can be, as long as someone has enough capital for daily trading and reserve funds for daily life at least for 6 months - 1 year as a backup. The most important thing is experience in the trading field for years, if someone does not have expertise in trading, then better it's to choose another source of income.
530  Bitcoin / Bitcoin Discussion / Re: Bitcoin in High School Syllabus on: November 03, 2019, 05:24:05 AM
Depending on the point of view of the students, it will be good for them to know so early in the phase of their life. Bitcoin acceptance should increase as time goes on because the old school banking system is ruled by old man's which always contradicts the bitcoin community, the next generation should learn how the monetary system works and how bitcoin effect it.
531  Economy / Economics / Re: Report: More Than 50% of the Worlds Banks May Be Too Weak To Survive A Recession on: November 03, 2019, 03:54:42 AM
The recession might not happen, Joseph Stiglitz said; "the world economy began a severe slowdown, but there will be no crisis."
If the world economic crisis will occur, it will be a good chance to eliminate 50% of the world's bank, let the weak falls and the stronger remain in the game.
Furthermore, the global recession will be a good test for bitcoin, whether it will hold on, rise or fall.
532  Bitcoin / Bitcoin Discussion / Re: Bitcoin is never going to be extinct on: November 03, 2019, 02:23:09 AM
I don't think so, when something better is invented, everyone will forget about it.

Nice thought, but what is something better than bitcoin, altcoins?
All those alternative coins are following bitcoin path, runs under the shadow of bitcoin, if bitcoin price increase, so does altcoins and if bitcoin price plummets, altcoins more likely going to crash, lose 90% its value like before. Bitcoin PoW, consensus, and nodes make sure bitcoin really has something backed it up, different from most altcoins.
If Libra coin really accepted, it can't be compared to bitcoin, stable coins and bright-future bitcoin are not in the same frequency.
533  Economy / Speculation / Re: Ascending Triangle...we are about to break bullish. 10.5K within a week. on: November 03, 2019, 01:01:32 AM
Well, it may be true, look at the market charts, look at the market sentiment, look at the TAs.
Bitcoin's trend has changed from "sell" to "buy" right now.



Another prediction from BitFink
It's time to buy more and accumulate more bitcoin to your wallet.
The white line is halving

534  Economy / Speculation / Re: Bitcoin NEXT Price Skyrocket DATE EEExactly on: November 02, 2019, 05:03:47 PM
Im relaying information sent to me. Obviously asking for some form of payment e.g money, bitcoin, giftcards... is fair I honestly believe. At some point I may take a loan out to buy bitcoin. Even a little bitcoin is going to make you £1000s.

Fancy a chat...

LOL, who are relaying information to me? Are you another time traveler? I'm sorry to tell you but you are not legit, many claims to be legit here, I still remember 2017 when people says that Bitcoin will go to $50,000 after hitting an all time high of $20,000. But guess what, the price plummeted. We have seen the likes of you in the past here in this community and we really know guys like you just wanted to scam people here.

If a time traveler back to the past to reveal what will happen in the future, then we all buy bitcoin with all we've got > the result is the future will change (butterfly effect)  Grin Grin
I'm sure bitcoin will reach $50,000 but no one knows for sure when it will be afoot, maybe in 2 years later or 4 years later.
My prediction not so bullish like others, but everyone has their point of view of a matter, but McAfee's prediction will not come true, $2 Million by end of 2020 is insane.
535  Bitcoin / Bitcoin Discussion / Re: Bitcoin price to Asuka will be 8700$ November 2020 on: November 02, 2019, 04:04:45 PM
I'm not sure but they have same prediction. Is it the one?


Predictions are not meant it could happen but moreover just a guide, so basically that would depend to use whether to follow them or not.
Not a fan of predictions though, I mean even you are good in TA you can hardly predict the movement in the future.
Yes it is this one and the very same meme edward swoden posted on his twitter page.
https://twitter.com/snowden/status/1174090027648868353?lang=en
https://www.coinkurier.de/edward-snowden-sendet-kryptischen-tweet-zu-bitcoin-btc-preis/
"..a bitcoin price forecast of the special class. An anonymous 4chan user predicted Bitcoin (BTC) prices for 2019 with astounding accuracy on Jan. 21 and has always been right. According to his charts, Bitcoin will rise to $ 16,000 this week Thursday.

On October 25, then, the well-known investigative journalist and whistleblower Edward Snowden chirped a seemingly inconspicuous anime character from the series "Neon Genesis Evangelion" on the short message service Twitter. Brisant is that exactly this image was also used by the Anon with the ID YqwbW9hr as a profile picture, which has blown the amazingly accurate price forecast in January in the digital ether.
"

source coinkurier.de

Ahhh, so this is where it started in the first place, pretty accurate predictions until it miss in October.
Although I don't agree with his bullish prediction, but it was really good, predictions never meant to be 100% accurate, even for an experts in the trading field.
Look at some TAs a few months ago that predict bitcoin will drop to $6K but the price went to $9K, the prediction will always be like that, don't take it so seriously.
536  Economy / Speculation / Re: Bitcoin price would touch $16K soon- By Binance CEO Changpeng Zhao on: November 02, 2019, 01:42:16 PM
He speak the truth, it's true that easy to predict bitcoin price based on the market sentiment towards some circumstances in the future, even without any institutional investors or bitcoin futures, bitcoin will rise slowly but steady, but that's not the condition in the crypto sphere these days.
Bitcoin surely will reach $16K but we don't know the exact time when it takes place, probably this month, next month or even some point in 2020.
537  Bitcoin / Bitcoin Discussion / Re: Forget Bitcoin Halving! on: November 02, 2019, 12:29:15 PM
Since the most rational way to measure the real bitcoin price is mining costs efficiency and miners get bitcoin for every block solved to pay the mining costs, so that the halving really has a great impact on bitcoin price as the block rewards reduce to BTC6.25, which mean the price should increase to cover the cost of mining. Bitcoin adoption is another story, but the impact of bitcoin price can't be measured precisely as the trends in the community determine the price and whales could easily manipulate bitcoin price.
538  Economy / Economics / Re: US Congressman: Facebook Should Adopt Bitcoin, Drop Libra Project on: November 02, 2019, 10:48:58 AM
States have protectionist mentalities towards fiat currency monopolies they own & operate. They last thing a government wants is free market competition from tech giants like facebook forcing them to be more innovative, professional and proactive in their approach.

Definitely that's the case why some States refuse to accept libra as people are free to move their funds anytime, anywhere without additional fees like the traditional banking system.
It would be a better idea if libra could be implemented across the world as it will represent an advantage of cryptocurrency, although the value managed to be stable.
539  Bitcoin / Bitcoin Discussion / Re: Bitcoin price to Asuka will be 8700$ November 2020 on: November 02, 2019, 07:03:35 AM
As you can see, the famous Asuka has missed $16k per 1 Bitcoin in Octber 2019 but it can happen soon , maybe this end of year. However, I just want to point out that her $8750k may not be a typo instead of $ 87500 k because I believe that Bitcoin still has one more impulsive wave which can reach $56k according to asuka next July 2020, then the ABC correction of the whole 5 waves that lasted 11 years sending Bitcoin below $10k or more less. Any thoughts??

Yes, that should be $87,000.
When bitcoin reached the ATH in December 2017, the bear market only lasts for 1 year, but the correction that lasted for 11 years is simply impossible.
Even for bitcoin to reach $29,000 in February and $56,000 in July 2020 may not be achieved as the target in October has been missed.
That just a prediction based on the chart probability, but nothing for sure until it happens.
540  Economy / Economics / Re: What makes a Fiat worthless? on: November 02, 2019, 02:19:29 AM
IMHO, Hyper inflation.

That's the cause of why fiat money becomes worthless in some countries like Venezuela. And those what you have mentioned triggers the economic status of that country which results to HI. A war will totally wipe out a lot of resources on that involved area and printing of more cash will also contribute to it.

That's not the cause, but what causes hyperinflation in the first place? one of the reasons for Venezuela's hyperinflation due to trade restrictions by the U.S. and other countries follow U.S. politics. The sanctions restrict the Venezuelan government's access to U.S. debt and equity markets because of the government responsible for violations of human rights, corruption, degradation in the rule of law and repression of democracy. But the main reason for Venezuela's hyperinflation because of the GDP growth depends on petroleum exports has been in a state of total economic collapse, massive money-printing, and deficit spending.

In this case, fiat becomes worthless if the government can't maintain its value related to the country's GDP and GNP growth.
Many factors affect the GDP and GNP of a country, such as;
The quality of human resources (skills, creative, abilities, training, and education), natural resources, capital formation, technological development, social and political factors.


source
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