I dont see people are getting this much excite when bitcoin raised from 2000$ to 5000$ now they are panic and asking exchanges people who is having faith on bitcoin for long term they will be winner . Now the trends going down because o china closing bitcoin exchanges.
True, I think the price will stay around $3.5k this month until the exchange on china already closed. The question are, where does the china exchange are selling their bitcoin? It's not small amount of bitcoin I think. Who would be a buyer while the exchange should give their customers money? Are they just give'm back their btc or something else. |
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I dont know why but iam scared of bitcoin getting ban.
Because of the china situation is there any possibility that bitcoin will get ban in every single country
Actually china has banned ico, not bitcoin. The goverments of china find that the use of ico for economic crime, like money laundering or else, in thw other hand, the exchange of cryptocurrency got the impact for this after the goverments forbid to transaction crypto currency with their own currency. So, it looks like they banned bitcoin, but its not like that. |
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Its impossible to ban mining.
Lol, it’s possible that what the op said is correct, and he didn’t say they’re banning mining as a banning everyone in the world from mining, just Chinese. By the way, I don’t think they banned Bitcoin, what they banned was ICO. So, I believe Chinese are still using bitcoin peacefully, including mining. It isn't impossible dude. If you're reading a news that china is blocking the internet, vpn and other connection , you will believe that mining in china could also be stopped or banned. Mining need a connection, if they dont have a connection, there will be no mining. And yes they dont banned bitcoin ,but the goverments of china already stop bitcoin trading on Huobi, OkCoin BTCC etc. I don't think they're still use it peacefully. |
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as you can see bitcoin prices change briefly. no one can predict the price of bitcoin in the future. bitcoin prices are affected by both supply and demand .. if demand for bitcoin increases this will result in bitcoin prices rising significantly. maybe today's incident is a common occurrence of bitcoin. rising or falling bitcoin prices will return to the original place. I am sure bitcoin prices will continue to rise.
You're right, in another case I've been reading a news that the BTCC and OKCoin exchange will stop trading on october. this two are big exchange on china. But I have no Idea why it is can be influence a bitcoin to rise again after dumping so deep after a china regulation. It's not that should be the price become more dump? Can someone explain. |
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a few hours ago I noticed bitcoin had started to rise. and now it has reached $ 3409.97. What do you think ?
It's not surprisingly that bitcoin started to rise again after dumping to around $2.9k. And those who panic selling are upset right now while others who keep buying are smiling for their future profit. though I just get a $3.2k entry point, It doesn't make me upset. because Its hard to predict when the price are stop falling, and when it started to rise again. Hope it will jumpt to $5k soon. |
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OMG, Bitcoin falling again, current price = 3866USD.
What happen? we losing money every hours. Need exchange BTC to fiat?
Who can explain this situation?
Some people are looking it as a disaster, but some others are looking it as a chance to buying in the dip. I've been predict bitcoin will slide back around $3k, and now it's happen. And I'm seeing it as a chance to increase my btc amount, I thought before november fork, there will be a big pump, just like before. The important thing you shouldn't do is to cut loss your investment. Except you're trading with leverage, and you use high leverage. Btc is too risky to invested with leverage, Its fluctuation make it so. So, Never cash out your btc, while you're still loss profit. |
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Yeah. This is a widely used strategy. It is called the “buy, hold and sell strategy”. Basically you buy your Bitcoin or whatever you want at a nice and low price. Then you hold your Bitcoin for a while, until the price jumps back up, and then sell. You can make a decent amount of profit with this strategy. By the way, I don’t think that you will be able to buy Bitcoin at 2000 $USD anymore. Bitcoin price is way too high for that to happen. It could crash, but it is unlikely. The best that you are probably going to get is most probably much higher. I would suggest that you buy Bitcoin now. It seems to corrected and stabilised. Perhaps, it may rise in the near future.
You're right, bitcoin looks strong at $4,1K yesterday, but it seems to down again. I actually never get the lowest price or the highest price. It's difficult to predict when the price stop falling or when the price stop jumping. But I always learn from those thing, and other mistake i've been done, Like I just say, mistake are proof hat you're trying. |
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That's what a good traders do. All i may say is you already have a good strategy on trading "buy it low and sell it on high" but the thing is that you just sell a bitcoin equivalent on what you've invested and buy low again using it, that's a good one. The only advise i can give to you is •Always be active at market since market is a wild place you will not know what will happen to the price there. •Always have patience. •Don't let your emotion eats you. •Always stsy calm. That's the only advise i think i can give since you already have a great strategy and i may say i learned from you. Good luck sir and thank you  The wise strategy for me in bitcoin is to work harder than before and hold it for long long long run of time. Also I agree that we need to be patience on waiting, because bitcoin will always increase time by time. I am in favor of this guys. I will do the same thing. It is very important to be patient specially in trading. Holding bitcoin can get more profit. Glad to hear that, and yes, every strategy sure have a weakness on it. And what are you mention above was some of it weakness. it need patience, you should be more attention to market and also news that can impact to its price ( just like bad news in china yesterday). So it's not that simple to do this. Always provide your free money, to buy the dip, because it can be happen anytime, keeping your money on bitcoin are more profitable than in the bank. |
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i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
As far as cryptocurrency is concerned, there is no doubt that Bitcoin is the first and the most known coin of all times...it is currently the King of all Cryptos and all the rest are just considered to be altcoins (even including Ethereum and BCH). Now, maybe you have in mind is the fiat or paper money we are now using...what will happen to the US Dollar if all the people of the whole world would suddenly be using Bitcoin? Well, to answer that question I am giving you another question: Would that really be possible to happen? And my answer is a big NO. I know that Bitcoin may have a good future as a digital currency but it will never totally replaced the fiat money issued and backed by the state power. They may exist alongside each other peacefully but killing each other fatally may not be on the menu. We have to understand that for as long as there is a government they need something that they can control with because control is an extension of power. Take away that control and the government may itself irrelevant so would the government relinquish the control it needs via the fiat money. Of course not. I also believe that rather than make the government the central enemy, it would be good for the Bitcoin movement to make it a little friend on its side by giving in to some regulations and some compromises so it may not suffer the fate of being banned. Please give my regards to China! Agree, I've seen this topic many times in different way. I wonder why bitcoin will effect the fiat. Of course bitcoin will not replace the fiat , I will also ask you a question. If there is no us dollars, How do you know the price of the bitcoin ? Bitcoin just like a stock, but you can use it like currency. But it will not change local currency at all. |
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If one day most of countries in the world ban BTC, will someone with a lot of money spend million or even billion of dollars to establish a whole country. In this country, you will exchange with BTC and other crypto. Will you leave your coutry and move to this 'wonderland'?
There will be no someone who does it. The crypto currency will rule the whole country by it self. So there's no need to create a bitcoin wonderland. I believe someday in the future, you can use crypto currency everytime and everywhere. And its not easy to build a grand new country . Even if you've buy an Island, the Island are still belong to its government country. |
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Of course China is, biggest god damn market in the world.
What we need is a mini crash, and then we can all load up and get this thing back to the moon.
The Chinese will be kicking themselves in 2-5 years time.
Cryto is the future.
There is no need to blame China. Most of the exchanges are still operating there, and so far the ban has affected just the ICOs. Anyway, why we should care about the ICOs? Even the SEC had issued a statement against them. But it will be difficult to see in the future a scenario where Bitcoin is legalized in China. That country was about to ban Facebook and Twitter. And you expect them to legalize Bitcoin? Actually, China is to blame. I wouldn't necessarily say that it is a bad thing though, but they are masters at manipulating currencies - it is how they are doing so well right now. They are the world's biggest manufacturer by far and the best currency manipulators by far also. And they are doing it to Bitcoin now... creating false negative news in order to drop the price and buy back in cheap. Even so, china could manipulating a bitcoin price, and the other alt coin are got the impact of it. The price looks strong a $4,1k, but let just see, If the price continue to falldown, I think China is already success to be a super power country that could adjust and set a currency and crypto currency price. |
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Bitcoin so far so good by those are using it for payments. But I wonder, How its used by something that need to be paid immediatly, while the bitcoin transaction need time to be confirmed. Don't you think it's something they call waste time and that's why they wont accept it as a payment method by customers.
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i am back again with another buy the dip this time i am a little late myself. as the news about China heats up the panic of the weak hands is also heating up. if we see another news from China and another dip it would be a great chance ot start buying some coins in case you msised out or in case you want a bigger profit from these weak hands. in any case brace yourself and get the cash ready to buy at the bottoms of the dips. and enjoy  They're not cheap enough yet in my opinion. I think there will be more and bigger dips coming so there should be more opportunities to buy lower. I would look for a price of $3000 to buy but you never know if it will drop that low again. I think a correction will happen and the newbies will start jumping out and the price will consolidate at some lower point. But that point will be a solid bottom as the weakest investors are out of the picture. I'm also hoping the same thing. I've prepare my cash to get another great entry point to buy. Probably it could be gradually down to $3k. And there is a fork issue in november, thougt it would be another dip for bitcoin. I still not buy again, because I also think it could be more cheap. Let's see if we were wrong. |
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Very nice well done and good thinking. I do not have children but I would so the same. I do this for my future and keep a small amount so far some I'm new but an extra $50 here and there can add up. not now but you will someday, and it will be good if you save some coins now so you already get prepared when you have children in future exactly, your future financial is must be prepared form now on, And bitcoin is a good way to prepare your future. You can hold your bitcoin for your children in the future and I thought it's better than assurance or other services that provide the same function. In bitcoin, All control is at your hand. |
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Bank interest is a joke! Bitcoin profits is more interesting!
Banks will do business with your money without knowing how much profit they make and later gives you a very small percentage.
While if you buy bitcoin you are in control of your bitcoin trading or lending where you may get huge profits, you may in fact double your money in few months.
Absolutely true, I am one of the banks employee, and I wonder whither are they use the customers money. It turns out to investment on stock and etc. You're actually just seen the digit number in your account, mean while, they're using your money and get profits almost 100% a year, but they just give you 6% interest/year. Is it fair for you? Of course not. But that's a money game should be, there's always be a disadvanteges and advantages person. |
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Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?
I think the possibility are very small. Instead, the bank would create their own crypto currency. So they are not just distributed pyshical money, but also a crypto currency. Don't you agree with this? Think if this is truly happen, more crypto with created, and its mean crypto currency become more stronger than before. |
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China has become super power now in south east Asia because the neighboring countries are weak they harass their border sides because they know their capabilities are strong than these poor countries. USA, Britain these are the true super powers not only by forces but humanitarian as well. China ban bitcoin because patriotism makes them believe they will be strong with out the help of others so they just rely and powering on their own currency.
you're probably right, China have its own reason why their own currency still cheap. I thought its because they want other country are supplyig resources from them, until they currency could beat usd. But probably this bitcoin are become a big wall they must through. And right now they've banned it little by little. But the bitcoin expert says that, What is china banned, Invest in it. |
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everyone almost tought you the same thing that it's not the wallet fault. But I do sorry for your lost. 1 btc is a big money right now, I understand why you questioned its cause. But you can take this is as a lesson for being more careful about private keys and password. Hope you get a solution for your problem.
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Can anyone tell me what is happening to Bitcoin? BTC price from 4660 dropped 4k1 and still continues to decrease, investors and trade as I'm feeling very confused. Give me some advice right now, so I can calm down.
Don't you think this is something usual on bitcoin and other crypto currency?. You'll not see a green candle everytime dude, there's also a red. And you're right, this time bitcoin about to fall. If you're doing long term, you'll keep calm on this situation, except you're doing a day trading, I thougt you've a bad entry point, that's why you're confused. I suggest to provide more money to buy more in the dips. and keep hold, never think to cut loss your bitcoin. |
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