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Nothing new!
This has became frequent now. Just some weeks back because of Jihan Wu BCH pump. Miners are heavily playing with the Bitcoin for their own selfish goal. All what they want is profit. Recently we saw many such attempts where mempool increased drastically all because of miners manipulation or shifting of hashrate. But sooner or later everything goes back to normal.
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This time no one gonna fall for this. Enough of Chinese drama. The rumored exchange ban didn't turn out to be to true. Many of the Chinese exchanges like OKcoin and Huobi are working fine. I read somewhere that last Bitcoin exchange ban drama was carried out by exchanges only to bring a temporary dip. This time also I won't believe this unless the Chinese government itself confirms it.
Chinese government has only banned ICOs so far. All the other rumored bans are BS.
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WTF is altcoin price?
First clear me that.
Regarding anything happening to Bitcoin, then I can assure you in coming 4-5 years at least, Bitcoin is not gonna lose the dominance in the market. Many altcoins meanwhile will definitely rise in overall marketcap but will not be in the stage of competing Bitcoin. Moreover, regarding investing, it's always best to do your own research and don't follow everyone's suggestions in crypto investment(highly risky). But you can go for Bitcoin anytime. 5x profit isn't going anywhere next year if you invest today.
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Hi all,
I have been holding onto bitcoin, ethereum, and litecoin since earlier this year and made some profits but recently have been researching and getting into other altcoins. Just wanted to get some opinions. (I took $5k of profits and reinvested into the below altcoins).
Would you do anything different?
$1400 worth of NEO
$1200 worth of LISK
$1000 worth of QTUM
$800 worth of POWR
$600 worth of OMG
NEO is giving all the signals of bearish market. Today wasn't the right day to buy NEO imho. POWR went crazy recently because of the speculation of it to be on the Palm Beach report and yesterday it came down as the coin was DASH. Right now buying POWR was also not a right move. Price might fall more in coming days and then you would have jumped in to buy. Personally, I like LISK but recently exited after marking the profit. BTC is bullish and hence I am focusing on short term trade. When Bitcoin will get stable or go a correction, I ll buy altcoins and hodl for longer. If you want to add some more coins in your portfolio for long term, go for XRP, ZEC and ETP. |
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Recently the crisis in Zimbabwe have increased the focus of the country towards cryptos. In Zimbabwe, Bitcoin is being traded at premium and about double the international price due to recent military takeover. Africa lacks bank accounts and has many countries with falling economy, in such a situation Bitcoin or cryptocurrencies are like savior. Use of cryptocurrencies have increased a lot in Africa and it is safe heaven to people who don't believe in their governments either because of corruption or inefficiency.
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The bitcoin price has broken $8,000 USD yet another milestone. Now, the price could rise as high as $9,000 before the last round of profit taking occurs ahead of the big rally to $12,000 in early 2018. Prices left behind a major Elliot Wave movement to arrive at the Gannīs Angle Theory trigger zone, which could launch a rally towards $9,000. Those actions contribute to the likelihood of an imminent rally to a higher bitcoin price. In addition to having bullish mathematical indicators, the bitcoin price in the mid-term depends heavily on fundamental data. Short-term quotes crossed the Gannīs theory bearish angle to reach the trigger zone, which should launch a bull rally towards $9,000 in the nearby. From there, sideways trading activity should confirm a new scenario in which the bitcoin price rises to $12,000 as the first technical objective for 2018. What do you think will happen to the bitcoin price?. https://bitsonline.com/wait-bitcoin-price-12000/Along with technical indication to bullish price action. Major news is expected from US regarding Bitcoin in Jan. A bill is being drafted to give Bitcoin a currency status in US instead of an investment asset. This will help in bringing down the tax on Bitcoin and can boost the growth of cryptocurrencies in USA. This will help in increasing the utility and thus will help in bringing in major investment. |
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Since this week counting has been done, I am leaving the campaign.
Thank you
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I'm not sure bitcoin is going to $10,000. I think there will be a correction this coming weekend when the difficulty retargets, and there will be another BCH pump.
Not sure what will happen to alts - I personally think most will languish and the money will go into BCH.
The BCH surge during this bull really opened my eyes. Its here to stay. You still believe that bullish ride was genuine? It was mere a pump and dump attempt by Roger Ver and Jihan Wu, the creator of BCH. They transferred all their Bitcoin into BCH to give it a pump and after people start jumping into and testing the floor price of Bitcoin, they dumped it hard earning profit and went back to BTC. You still believe BCH is here to stay unless it is for whales. |
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It has became a trend that when Bitcoin moons, altcoins follow the opposite direction either maintaining their dollar value or going a serious dip and when Bitcoin stabilizes or go through a correction, alts start shooting up.
Right now I am out of most of my alts and only holding some large cap coins that I bought during October dump. Bitcoin is a currency that has won global trust and thus big companies and banks are investing in it that gives it a protection from massive dump. Price will rise more and can shoot if bill about giving Bitcoin a currency status get passed in Congress. So, I ll be buying more alts if a dump starts back again. Right now a dump in altcoins isn't massive.
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because they are using stupid marketing movements to hype their coin, while they are useless just as many other coins that cost 1$
all this flippening thing, and other are just bullshit and everyone in their team and community knows that
Well, you have no idea what you're talking about. Bitcoin Cash was hated because it was pumped hard while at the same time Bitcoin value was eventually dropped. Most of Bitcoin holders and investors are mad because they don't accept that Bitcoin will be replaced by its own fork. Bitcoin Cash although is the first Bitcoin hard fork also deserves to be pumped and increase it's value because it has a good future too, whether it will replace Bitcoin or not it is still a good currency that which offers wide range of scalability and usefulness in the future. Well BCHers are basically saying it is better because the fees are relatively small compared to Bitcoin's which are getting out of hand if you still consider it a currency. If you don't consider Bitcoin a currency then there is really no reason to get mad at the "other side" because Bitcoin Cash's intended purpose is as a currency and not a store of value. Once Lightning Network is setup then Bitcoin will be back to instant, almost free transactions. Anyway, Bitcoin is still king at the end of the day. Okay that is true BCH is way faster and really cheaper. But until when? If they finally hoarded all the investors and all of the transactions, can they still make it this faster? Heck it will be just the same as bitcoin or ETH or any coin. The more transaction it takes the harder it will be so they would need to increase the fees and also the transaction will slow down. Why not just stay with bitcoin instead. It already gained the trust of many and is still here. I hate it because of the name they choose. It confuses people. I know that is part of their plan too. And added to that who says BCH is decentralized. Bitmain hoarding the maximum of it can play with the market anytime. I agree Bitcoin is also in hands of few. But those few still involves more people where BCH is just a toy in hand of Bitmain and Roger ver. Whenever they want some profit, they will pump it killing the smaller investors. If BCH is superior just on the basis of transaction fees and time, then why not prefer DOGE. Best currency with least fee and you'll find ton other altcoins with better technology than both BTC and BCH. But the market base and adoption rate are what making the difference. These BS forks are just miner's greed! |
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Hello guys, how are u, we have witness fork several and I want to know your view, if it was a blessing to Btc or otherwise
Fork is never a blessing for bitcoin because it takes away a lot of investment from the main bitcoin to the forked coin weakening its financial health. So a bitcoin lover will never accept fork as a blessing. That may earn your some free money but on the long run, it is stealing money and investors from bitcoin. Let me give you a simple calculation, Bitcoin market cap: 129 billion USD Bitcoin cash market cap: 21 billion USD Bitcoin gold market cap: unknown but estimated at 2 billion USD So the total market cap of bitcoin could be (129+21+2)= 152 billion USD At the 152 billion market cap, bitcoin price could have been reached at 8.5k USD but due to the fork, we are still standing at 7.6k USD. So it is a bane to bitcoin and not a boon or blessing. This is completely wrong. Forks are definitely not healthy for Bitcoin. But not in the way you stated. Fork coins are not taking out any investment from Bitcoin. These forks(BCH and BTG) had very less consensus. They were not of the level of bringing a major chain split that would have had impact on price. Right now they are altcoins having their own marketcap and aren't related with Bitcoin price action at all. Segwit2x if had been implemented with majority would have splitted the chain and hence the price. But not BCH or BTG. |
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I don't find these forks healthy for Bitcoin. After BCH, miners have became greedy and have found fork as a way to earn money. These free coins means nothing. Just different groups getting greedy and trying to scam the market. Miners are today playing with the market. We all saw what Bitmain did recently using BCH. Also the segwit2x cancellation and then implementation did have an effect on price. These miners after forking are questioning the Bitcoin only. This BS needs to end now. But wait, no, 3 more forks are lined up in January.  |
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According to me this crypto currency craze will go strong for next 5-10 years. Best time to have some great profit from it. I have limited my portfolio to some 15 coins which earlier was of 35+ coins with large cap coins having the major part. I occasionally do invest in ICOs. I never sell ICO coins instantly. I tend to hold them for 6 months to years unless some major growth is there. Right now I am not taking anything out of my crypto investment and just letting it grow by occasionally buying more coins. This will be my plan for coming years.
Just hodl! Profit is immense in coming years.
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I don't see how will a Bitcoin bank work. I have definitely seen people giving small amount of loans on Bitcointalk itself. But here we are talking about comparatively large organization(centralized) to give loans at big level. Why it won't work is because supply is way too limited along with that the availability of bitcoin in market isn't much as most of the people are merely hoarding it. Bitcoin is highly volatile. These all factors makes lending inefficient.
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Today running an ICO with a minor advertising expense can earn you millions. Then why won't you try it? I have seen some projects raising a million or above disappearing with investors money leaving their shit tokens in the market. Even if the project is legit, still many are running BS projects using blockchain. Blockchain is indeed a technology of future. But is not for everything. I do go through ICO projects once a week and most of the projects even if legit doesn't seem to have any potential or mere repeating the already existing idea.
Launching a token has became a trend today because it is the easiest way to get rich if you invest in advertising wisely.
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LOL! Not again! Few days before I read a news that JPMorgan subsidiary was found to be involved in money laundering and now this Saudi billionaire. Both of them called Bitcoin a fraud. What is going on, is Satoshi taking revenge?  Anyways, regarding doubting Bitcoin. I don't find any wrong in that. In economics, when a commodity multiples its value without any intrinsic value, it is called a bubble. Bitcoin here is bringing a revolutionary form of currency. But we are measuring the growth of Bitcoin through conventional approach that might suits stock and shares but is not apt for bitcoin according to me. |
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As much as I have seen the market. This cryptocurrency market never really repeats the past moves. Also right now we are in transition phase with bitcoin becoming popular at global level. Tons of news are coming everyday globally including companies adopting bitcoin, countries banning or legalizing it, investor's increased interest, pumps and dumps etc. These news are highly running the market. User base have increased multiple times since last year. Speculating the market on the basis of past actions won't be justified today. I think Bitcoin will remain bullish in 2018 past the $12k level as well.
Why not repeats? Bitcoin fell in price after each bifurcation. It seems to me that it is a pattern. If you take to analyse the short period that is really impossible to predict the behavior of bitcoin. But if you were to analyze a longer period for example 1 year you will see that in all races the bitcoin grows in value. This is a trend. The growth of popularity of bitcoin I think that the prices will continue to rise. I am not here talking about the bullish trend. I am here talking about predicting the next big fall as stated in OP that it will go 12x as gone last time and will fall after $12k. Regarding what you are saying, yes after every ATH, bitcoin goes a dip. This is way to normal, any newbie can tell that and also Bitcoin is bullish, yes some serious demand is there. I was definitely not talking about these signals. I am talking about some unexpected trends that we saw recently like altcoin market suffering a huge drop period which is kind a new in the market, never happened before. Such a great pump being done by forked coin(BCH). We are now looking at some new price driving factors. Thus, we simply can't rely on history of the market action. |
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As much as I have seen the market. This cryptocurrency market never really repeats the past moves. Also right now we are in transition phase with bitcoin becoming popular at global level. Tons of news are coming everyday globally including companies adopting bitcoin, countries banning or legalizing it, investor's increased interest, pumps and dumps etc. These news are highly running the market. User base have increased multiple times since last year. Speculating the market on the basis of past actions won't be justified today. I think Bitcoin will remain bullish in 2018 past the $12k level as well.
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