 I make a point that today and tomorrow are the last days of cheap bitcoin. bitcoin is forming a falling wedge pattern which means that when the downtrend line is broken the btc will likely return to the price of 8500 - 9500. What do you think? Looks more like a weak slow bleed than a falling wedge to me. The way price is sticking to the floor implies real weakness. We need to go down (new lows) before we can go up. I do see a case for $9K+, something along the lines of this: https://bitcointalk.org/index.php?topic=5140701.msg52813750#msg52813750I just think we need to go lower first. A test of $7K at least...... It's not necessary that we have to go to new lows before we can touch new highs because if that's the case then anybody would be able to predict when BTC will go to a new high. I think that once it crosses the $9K target BTC will rise upto #12K at least before making another correction and then may be after that it will rise further. |
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Currently the price is down from $8200 to $7500 making a downward movement in the chart.
Though the price has gone down, it was quite expected as the price was not moving from weeks.
I guess, if the price falls beyond this level then it will probably go down to $6500 but if it crosses $8000 then it will probably stop at $9000 in the current trend.
Just a speculation, lets see what happens.
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Its good to see people of all age are joining this growing community. I have met people of different age groups talking about crypto in this community.
The community has grown larger everyday with new minds bringing forward positive aspects of crypto as a whole.
According to me there are two reasons why there are so many altcoins in the current market.
1. People are identifying different use cases and developing a coin to solve that problem hence leading to so many coins.
2. Scammers are creating new coins just so that they can scam others and take away their money.
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If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.
There's were you are going wrong mate. The mere fact that people are still pairing it's value to USD is where people are taking it all wrong. The goal is to use BTC while deriving it's own value and not comparing it to USD. If you buy a meal for 0.0005 BTC today then tomorrow it should be the same 0.0005BTC and not $4 USD. If we keep using BTC and don't compare it with fiat at all then there is no volatility at all !!! |
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Rather than focusing on what will happen to bitcoin during a recession if we focus on the possible outcomes of recession then there will be a better probability of accuracy in the prediciton.
Chances are there that people will stop believing in banks and will move to a decentralized medium and bitcoin will best suit the case here. Hence leading to wide adoption.
Also, chances are there if such a wide adoption occurs then the price will fluctuate at huge levels which will create a panic in the market and hence leading to fall in the price because people might think that such an unstable currency cannot be used for daily purpose.
It all depends on how people react to the situation at that time.
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If you want to increase the amount of bitcoins then you will have to take some risk.
Either you can trade your bitcoins with the ultimate goal of exchanging back to bitcoin or you can lend your bitcoins to a trusted person in hope to receive a better amount of interest on it. The marketplace in the bitcoin forum is a good place to start of with lending. Both of the above methods involves and hence you must acknowledge this before taking action on it.
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Looks like a good idea to me. I do like "The Speculation Game" idea and vouch in to add a reward to the winner. I can give out like BTC 0.002 for the game  I will participate in it as well. May be we can get a donation from other members as well and create a wallet whose private key you or an escrow can hold and give it to the winner at the end of the day. I have another Idea. The person with the coolest avatar (should dedicate India and bitcoin/bitcointalk) will get a little reward. The person should wear that avatar for that whole day. Again, I know we don't have enough funds but we can surely loose out our wallets to give out a little for the community. I don't know about the others but I can surely do it. Besides that, if you take it from the community, you give it to the community. |
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I guess that draft bill will be debated in winter session, this can overrule the court decision so this case may never get it's hearing.
actually that's what I am thinking rt now .. but if they ban crypto then it will huge loss for India and their people.. and govt action will increase the black market for buy n sell of crypto .. in the end, govt will lose tax and other charges.. and they will kill the thousands of crypto users income source.  I believe we will never get a proper resolution in regard to the crypto hearing since it will always keep going on and on while other countries accept crypto and reap its benefits. Only then will the Indian government realise the benefits of legalizing crypto and may be then accept crypto as it is. Anyway, I have been kept on telling this, it won't matter if the India government doesn't favor the crypto case because there will still be ways to use crypto. It's just that we will face little difficulties but it won't make us stop using crypto completely. |
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I am really curious about this question. To be clear, if there would be an opportunity to sell your tokens and make x5 right here and right now in exchange for promise to never invest in crypto again. How many people are ready to sell their tokens/coins at the moment and never come back?
Promises are made to be broken. Hence I will take the 5x times profit deal and then reinvest it so that I can earn more. Greedy huh  Just kidding, I will probably hold my coins for I know that the potential for the coins I invested in, is really good. They have far better potential of earning better returns than a mere 5x times. |
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What dead crypto currencies do you know?
What are the possibilities for crypto currencies that almost can't be exchanged any more?
Do you have any ideas how to make money on big amounts of abandoned cryptos?
I have never seen anybody discussing about dead coins. I have a ton of dead coins in my ERC20 wallet earned from bounties. Also I had some bitconnect coins, I wonder which universe they are in now. I have a few coins worth a lot less in other wallets. They will probably just be lying around resting in peace for eternity  |
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Whats the point of making this post when the same information is easily available on the internet.
Instead of redirecting users to external links, you could have made a simplified post and presented it for newbies who understand less technical aspects of the blockchain. That would have been more helpful.
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It's like you are faking yourself to get a job you aren't supposed to.
What if you go to a doctor who got his degree by faking his documents and he prescribed you wrong medicines.
You will be pissed off right. So it's a humble request not to fake anything and be yourself and earn what you can with what you have.
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The thing is on one side it is hard to digest this as we have seen a long bear phase and a lot of fake ICOs shit which has almost lifted the trust of people from this cryptocurrency market as whole.
I dont think the various ICO scams have really had an effect on the price or perception of bitcoin. Those people who have gotten scammed by ICOs basically know bitcoin is safe. Their misfortune was to gamble on extremely risky ventures. Dont know about that chart but there is no doubt in my mind that bitcoin will eventually reach $22k and beyond. The last dip we had was merely a hiccup in a trend that is overall upward in my opinion. Only question in my head is when its going to get there. I have my hopes up for sometime next year. the question is, would the history repeat itself?
I think it will but it doesn't necessarily have to. Enthusiasm for bitcoin will shoot up again after the weak hands have been shaken out of the market. Those are the ones who caused the price to slide to below $8000. I think that the Scam ICOs did make an impact since many newcomers had joined in that period of time and obviously invested in scam ICOs and got scammed. Their perception towards cryptocurrency have gone down since I have heard from many that they lost money investing in crypto. Obviously we can't do anything about it and neither does it make an impact on bitcoin's price however it did create an impact in such people's mind. |
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Why Brave browser when you can DuckDuck go with uBlock.It's pretty much the same I guess.
So why should we install a browser particularly to blocks ads and website trackers when the same can easily be done in a few clicks,
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I just double checked the date of the post since after reading the post I thought it might have been made last year but turns out I am wrong.
OKex definitley not so new since many better exchanges evolved after OKex. Its clear that you are just promoting the OKex.
You could have simply distinguished why OKex is better than others if promoting was your motive.
I don't know why else would you make such a post.
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Ether is really a good altcoin when compared to any other altcoin. It has great potential since its better tech wise and has far better use cases than bitcoin. Doesn't mean that it will beat bitcoin in terms of price any time soon. I really like ETH and BTC and so I have equally invested in both while keeping high hopes from ETH since has more room to grow then BTC |
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uhmmm a piece of advice, please add more content into your post. Do not redirect us (readers) to your website for traffic before we can know what those five reasons are. Do it quickly because someone might report your post for low value.
Ok thank you for your input, I will unwillingly type the 5 topics for the reasons I had for buying Bitcoin. 1. I Listed Bitcoin Halving 2. I Mentioned all these Powerful Figures speaking out about Bitcoin (President Trump, Fed Chairman, and Jamie who is the Chairman for JPM and Chase) 3. I mentioned the recent reports on Bitcoin ATMs growth. And Included the chart with the data. 4. I mentioned Facebook Libra coin and some of the big institutions that are onboard. 5. I mentioned the current chart analysis of BTC/USD and how we should buy when everyone is in a panic. So in a nutshell that what it was, I never mentioned it before because I wanted no spoilers and I wanted people but pro and amateurs to read it. The experienced folks will think its a waste of time because they know about these things already but I can use your input on adding other reasons. For the newbies, this is good stuff. Another piece of advice is that you should present your points directly in points and not in active voice. Also, instead of making another post, you could have simply updated your original post with these points in bullets so that when the users read your post they can easily catch the highlights of your post. |
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As of now the crypto condition is really turbulent as crypto is in its initial stage of adoption.
This is probably the worst condition for a new kind of growing economy since uneven adoption tends to decline in the potential value of the particular asset.
It will take a good amount of time for a currency like bitcoin to be widely adopted.
Besides that the circulation of bitcoin is currently unstable since few people hold the majority of coins meaning there is a higher probability of manipulation in the market. Nobody will want to invest in a manipulative market. As time passes by and more people join the community, the circulation will stabilize and hence it will lead to stable distribution of coins.
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I think you are interpreting the article in a wrong way. For the most part the article covers banning of gambling casinos for Muslim people because it kind of against their religion. In other words it's kind of bad way of earning money according to their religion. That's what I understood from the article.
No offence to anybody from personal point of view. It's not like gambling will be banned all over the world. That's not going to happen, at least for now.
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A simple solution to this if you are a long term holder is that just invest your money and forget about the price.
Forget about the volatility and hence there will be no stress to take. Check the price in half yearly or annual basis.
Withdraw the profits and stay happy.
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