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One of the major problem militating the growth of crypto markets is government lackadaisical attitude toward its adoption and acceptance many countries had placed one regulations or the other in fact in some cases outright ban on cryptos thus depriving genuine investors the opportunity to use cryptos as a digital currency or other for usage.
Most of these countries involved might want to protect their citizens against some scrupulous and fraudulent ICOs who capitalize on the easy access to cryptos to defraud potential investors as result bringing down more opportunities in cryptos markets globally.
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The drop in bitcointalk visitors is because the bounties are becoming increasingly useless with many not paying out, and the ones that do aren't worth anything. Hunters are giving up the game
Yes, it is felt that less discussion topics and a smaller number of participants began to appear on this forum. Many bounty hunters have so far left the forum, for a long time or not - time will show. ICO projects are now experiencing a critical recession and it becomes unprofitable to participate in their few bounty campaigns, especially for those who value their time. I hope that the situation will change when the market starts to grow, and government or public bodies will begin to regulate the activities of ICO. I checked thorough the bounty thread and going by the number of pages that hunters are posting their daily reports had dropped drastically validating your comment on the numbers of hunters that had left the forum. In the past I usually counted up to 10 to 15 pages of daily posting of bounty hunters fully participating in the promotion of ICOs its quite unfortunate that bounty campaigns is no longer profitable again and most of the tokens are worthless having take a long time to get listed in an exchange. I belief that when the market turn bullish then the golden old days of profitable bounty hunting will be restored. |
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This option of accepting bitcoin in your bar is a welcome development at least this will opened up and encourage customers or consumers who hardly knew or have ever heard any information about bitcoin, to seek for relevant information about bitcoin going by the recent news that I read shows that 73% of UK consumers says they don't know much about cryptocurrency. https://bitcointalk.org/index.php?topic=5118390.0I think setting up this bar will encourage other small scale businesses to adopt bitcoin payment as an alternative to fiat and other methods of payment of goods and services. |
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In my country the non approval of bitcoin as a digital currency and disapproval by the Central Bank is responsible for the non acceptance by all the registered and regulated Lottery Agencies, although there had been a massive clamor for it acceptance.
I belief if the government considered it as an additional forms of generating more revenues via taxes imposed on the Lottery Bodies maybe the government of the day may decide to change its stance on the acceptance and adoption of bitcoin as a means of payment for lottery tickets.
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I think there is something who is blocking Bitcoin from reaching the $4k mark. It will not go to 4k right now. The highest price is $3980 but it didn't reach 4k. Maybe there will be a day that it will surpass the 4k mark but it will be not today. Maybe next week or next month. Maybe after 2 months  . There is a very strong resistance zone around $3870+ which had rejected the price several times, I belief a positive fundamental news can break that zone else the price might not reach $4K as speculated by the OP, the had been pumping and dumping ie ranging for several days now dashing the hope of many hodlers who had anticipated price mark of $4K for a long time with the coming to the end of Q1 of the year. |
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Centralized financial companies are constantly working on solutions to make transactions between different parties as easy as possible, however, the cryptocurrency and blockchain payment solutions are very complicated for the average person to use.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
This issues of complication in the transactions of cryptos will be put to rest with the advent and introduction of cryptos featured smartphones, Samsung and HTC are some of the pioneering phone manufacturers that had already incorporated those features, this will proffers solutions to any difficulties in transactions of cryptos it will also facilitate easy exchange of fiat to cryptos vise versa. |
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Turkey's economy just fell into recession and the Turkish lira is going down - inflation (remember last summer's currency crisis), so it's somewhat a normal decision. In most countries with economic problems, adoption of cryptocurrency is on the rise.
The same scenario had played out in Zimbabwe hyperinflation economy and Venezuela recessions enabled most their citizens to resort or falls back on bitcoin and other cryptos for most their daily transactions. Bitcoin is proving to be viable source of alternative to a battered or recessed economy, gradually adoption of cryptos is gaining momentum hopefully in a long run its acceptability will cut across most countries globally. |
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Don't believe with every news that you see on news articles.
Some reports are too good to be true or just hyping a specific coin else, cater more valid info and verify if the news you have seen is true and real.
Taking a cursory look at the numbers of news and articles about bitcoin is very alarming of which alot of them carries invalid news they just write reports and publish on the internet, personally I don't bother myself with any damning fake news on the internet, once in a while I checked the press thread of this forum for some news coverage and read comments so as to ascertain the authenticity of those news. |
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Brexit is looming for the UK on 29th March. Will this have any effect on bitcoin price ?
When the vote took place in the UK back in 23rd June 2016 and the result was revealed the following morning - many London bankers made a killing on pound Sterling/ Euro forex. There also appeared to be a spike in the btc/usd , this may well have been completely independent of the vote. What will happen on the 29th March? Anyone have any thoughts?
Definitely the impact on the brexit will be felt on the price of bitcoin in days preceding the decisive date, thereafter I belief the price will be normal however the effect will be minimal considering the the numbers of users in UK compared to other countries globally IMHO. |
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Honestly there had been a lot of changes in your absence, mass adoption of bitcoin is ongoing the price had made significant rise (pumped), infact ATH was attained in 2017, there had been massive media coverage about bitcoin and also trading of bitcoin in various exchanges had increased tremendously, there are growing numbers of bitcoin traders, blockchain experts etc all these attested to the fact that bitcoin had changed and is growing continuously.
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I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become. We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business. Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.
Merchants will chose best way for them to sell the products. Most secure, cheapest and with least problems. They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful. Chinese owners of hydro plants used Bitcoin as a store of energy. Bitcoin is just so cool to have many use cases. That is why it is so valuable. Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure. I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it. If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply in several countries bitcoin already accepted as currency, they could spend their bitcoin in several place ,usually in tourist attraction.more place accept bitcoin it will bring new demand to bitcoin. To back up all these claims Brazil had started using bitcoin as a means of payment in their movies industries definitely this will motivates other sister industries to follow the trend by making provision for digital payment in form of bitcoin, honestly with all these various positive adoption of bitcoin solidifies or reinforced the fact that bitcoin is gradually gaining ground and it will not take long before its fully adopted in many countries. |
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The OP had made some valid analysis and proved that why we shouldn't be afraid in an era of falling price (bearish) just as we are experiencing unexpectedly a lot of fear and FUD had spread across the crypto system prompting many hodlers to sell off their coins, personally I am not worried about all these news of dumping of the price I held firm to the belief that bitcoin is a long term investment.
If early could hodl on their bitcoin without any fear and interestingly made good fortunes and had zeroed their mind on the purpose of hodling on why will I fear for any eventuality.
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More and more countries are using crypto in terms of payments, everything has been predicted and in the near future crypto will be accepted by all countries, but actually fulfilling the currency does not meet the requirements as the current currency because no country has officially opened it. as a legitimate currency.
This is a good news to bitcoin enthusiasts in Brazil as they had started championing the course of accepting bitcoin as means of payment in the movies industries, this is very encouraging as this sole act will propel other countries to follow suit and provide alternative platform for accepting and adoption of bitcoin for payment thus creating more awareness about bitcoin and other cryptocurrencies Evidently Brazil had shown interest in cryptos way back in 2017 shows how determined the country is working towards deployment of digital currency for payment. |
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You had made the right decision in diverting from gambling to trading having mustered the courage to learn all the rudiments in trading in the long run you will surely gain more experiences however that will not stop you from incurring some losses which is normal as a trader and as you rightly said Money management is one of the key components toward a successful trading among others, gambling is quick risky and a 50:50 chance and there is even the possibility of losing your total investment in gambling in the of martingale strategy.
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Do you believe that the adoption of bitcoin in every country can less the unemployment rate? As what I have observed most of the countries right now are accepting bitcoin as a payment method. Is there a possibility that crypto will be legalized and become as a legal job also?
How can legalizing bitcoin lessen the unemployment rate? from what you have said it is now being accepted as mode of payment but how can it provide jobs to people? in what way? It is providing jobs as source of income as some people are working online and some are spending time at bitcoin forum, this is way to earn if you are not having any other job, I personally was suffering unemployment since long but then my friend told me about bitcoin online job I joined bounty and start earning monthly income, it supported me at time of crises and there are millions of people who are earning with it. More so Bitcoin or crypto trading is another means of reducing unemployment imagine the number of traders who are full time crypto traders and the ease in the usage of bitcoin as a means of payment had really encouraged unemployed people to seek for online jobs in addition to that blockchain technology jobs are highly lucrative jobs a lot of unemployed experts in that field had been gainfully employed definitely bitcoin had opened of a lot opportunities in terms of job creation |
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The most anticipated bitcoin ETF is the US-SEC approved ETF which is the one every investors believed will have a significant impact on the price of bitcoin, this London approved one might not triggers any pump in the price of bitcoin of course since it approval by the London based SEC according to the above report I have not seen any pump in the price of bitcoin usually news of thus nature must generated a lot of media hype thus entice investors to putting in funds in to cryptos.
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Many cryptotraders are waiting for the bull run and they think that bull market is the only way to make profit in trading. But for me TREND is our FRIEND. You can make profit even in the bear market situation. Always apply the buying low and selling high at your preferred percentage or profit. Timing is everything if you will wait for the bull market you probably lost hope in trading. Trading is far different from holding. Those who wait for bull market are holders but if you are a trader you can make profit in bear market. The elements of good trading are cutting losses. Bullishness and bearishness represent an emotional commitment. You should have a good market analysis to gain success in trading. According to Alexander Elder, "Our goal is to trade well, not to trade often."
You had made valid point here as regards trend trading I am also a trader who had mastered how to identify trend in TA mostly using higher high, higher low, lower high and lower low HH,HL,LL and LH with and MOVING AVERAGE indicator this had been very helpful because its very advisable to trade along with trend irrespective of whether the market is bullish or bearish however one of the greatest mistake of some traders is countertrading i.e trading against the trend which is very counterproductive and had burnt or vipe off a lot of accounts, However getting to identify trends requires a lot of training and practice but with dedication and hardwork such knowledge wouldn't take long to be achieved. |
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Hardly can anyone predict the exact price bitcoin gonna reached having defies all sorts of analysis from the so called expert, reaching the $9000 by the end of year would have been a good price however the present bearish conditions had not make any impression of an upcoming pump with price just revolving around $3800+ and we are almost getting towards the end of Q1, obviously to reached that predicted price a lot positives news about bitcoin had to triggers the pumping of the price.
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Blockchain technology has a lot of advantage so why not take it? Russia even reported that they're going to implement a sort of blockchain based voting so that's a good start isn't it?
Maybe that's one use case and then there will be others as well. Even companies now are adopting to this technology specially in the logistics sectors because of the amount of data that they need to processed and I'm sure blockchain will be a big help specially that data can't be manipulated or altered ensuring the product conforming to industry standards.
Blockchain technology if fully deployed is absolutely a way out in term of curbing election rigging, Russia had already adopted it for voting process also its very useful in chain supplies, medicine and other valuable sectors of the economy the OP is laying more emphasis on the usefulness of this technology on mainly cryptocurrencies not mindful of the fact that this technology goes beyond using it to create shitcoins. |
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Some say it doesn’t really pose any kind major threats to the financial system, since it’s too unstable to be accepted as a regular currency. However, others say it will totally disrupt the current model. What do you guys think?
The sector that is most threatened is the banking sector of the financial system. Cryptocurrencies featured store of value provides a well secured alternative means of storing fiat in form of Cryptos could pave way for diverting investors to withdraw their fiat to Cryptos which also features anonymous transactions, although Cryptos is not ripe enough to be deployed as a regular currencies however it indeed threatens the financial sector of the economy. |
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