|
I don't think any large entity is doing anything bad in an attempt to lower the Bitcoin price, so neither option is valid.
A lot of people put their stakes pretty high on the ETF getting approved and hugely rose the price expecting it to get improved, so I was very surprised how small the drop actually was directly after it. It really didn't matter, and it matters even less now.
What matters now is the predicted/potential hard fork which would lower the price quite a lot in the short term.
|
|
|
|
|
If I want the price to go up for a year I'd have to invest in stable coins, so it's a shame that there aren't really ten of them. It would go something like this though:
1. Bitcoin (if it counts)
2. Litecoin
3. Dogecoin (it's dead but it's pretty stable now)
4. Ethereum
5. Monero (less stable)
After that it gets a bit hazy. I would have to choose some really small coins which are designed to be as stable as possible, although some of them might not get away with being called cryptocurrencies.
|
|
|
|
I would say just 2 major reasons.
1) Bitcoin was deeply undervalued
2) The hype about the ETF approval.
We should wait another week and then decide whether Bitcoin appreciation has been substantial or not.
dude OP is talking about the past 12 months, the hype of ETF approval is a recent crap that is flying around only these days (less than a month) and the 150% increase in one month is pathetically small rise for bitcoin. check the history sometime and see how big we were rising each year. there is actually a good reply in the second comment you can refer too and also you can check bitcoinwisdon or bitcoincharts to see the history of all the past 8 years. We're all perfectly aware that Bitcoin rose very high and by thousands of percent in the early days. That is normal for something that's new and still finding its place and level of attention. Obviously Bitcoin still is, but it's completely different now to the rises before because we're actually dealing with seriously significant amounts of money now and the price can't just fly up and down in an instant, even though it is reasonably volatile. As for reasons for the increase, I don't think that there was a significant change from the halving. Even though the new supply decreased, that should just be a decrease in the value of the mining industry and, while that may affect the price a little bit, it shouldn't be very significant. Generally I just think it's Bitcoin's increase in interest and its continued media attention. Maybe even its slight rise before was part of the reason for a continued price rise because of the media attention that it received and the fact that it hasn't died after the dumps from when there was the most hype about it around 2013. |
|
|
|
Of course the price wasn't effected. Currently the Bitcoin price is almost solely and completely controlled by the Chinese. Why would the Chinese care at all about the approval or disapproval of an American exchange traded fund?
The little downward movement that followed the announcement was the westerners response to the news but that was nothing because the Chinese don't care.
So are you primarily implying the Chinese have succeeded in monopolize Bitcoin ? If that's the case then what's the purpose of decentralization? The purpose of decentralisation is for it to be free of government and therefore supportive of democracy and open for other people to take part even if it is generally monopolised. There's also the fact that it means it's much harder for people to track you as there is still no set third party for any information to pass through. The ETF decision was a shame but it was quite clear from the start to be honest, with all these ridiculous delays when Bitcoin was clearly against their regulations anyway. It's good that Bitcoin is even close enough to get considered though. |
|
|
|
|
Unfortunately, very little. I don't have the kind of disposable income to put into savings for Bitcoin to be honest. I'm still fairly new to this so I need to get into it and think about it before I put in too much of my money, which is why I'm trying to start making smaller amounts of money without investing with any fiat.
I'm really starting to develop an enthusiasm for this though so we'll see where I go.
|
|
|
|
I did not see anybody stupid I just wanted to help you guys why do not you give people a helping hand instead of putting a cheater
I can give my account card if necessary if I need it for the deposit I can give my bank card if I want to get a high profit I will wait 5 weeks but I do not want to wait for this investment 1.5 btc a bit big money but I will give back 2.5 btc
Yeah, we're not stupid. Maybe if you had written this post in proper English, suggested a smaller amount and made an argument as to why you don't have collateral, and went for a longer period, someone might have fell for it, but you didn't even try and you think that people are just going to give thousands of dollars away in an investment of sorts expecting to get two thirds more back as if those returns are possible? |
|
|
|
|
Is there any actual information about what this is? You have several sections supposedly dedicated to learning more, yet in none of them do you give any meaningful information and you just backtrack to a pathetic attempt to get money with these unprofessional looking "licenses".
You admit that the code is closed source, there's not any detail about why this is interesting or better or original or even how pricing or use on potential exchanges could work. Why would I buy anything from you?
|
|
|
|
|
I respect your choice, Multibit can sometimes be glitchy and has clearly had problems in the past. Electrum is better in many instances such as the ability to decide the address to send from, whereas Multibit's simplicity, while convenient, will not be for everyone or persist for many more experienced people.
|
|
|
|
Monero is the market leader, just look at the blockchain usage
Yes, well my theory about what may really be going on with this epic DashPump (outlined above) comes down to IF they can pull this off and artificially stimulate merchant adoption, giving Dashers new places to actually spend their coins, BEFORE the pumpers run out of fuel...? They MAY be able to create the illusion of success long enough to transition into actually becoming bitcoin's replacement (assuming BTC continues to bang its head against the wall stagnating on the blocksize issue and BTC transactions keep getting slower and slower and more and more expensive, long enough to let something else take over). IF this happens (latter part of paragraph above) it may mean that *yes*, Dash is worse technology than superior Monero, but it's still just a little bit better, enough, than Bitcoin... to take over BTC's role for people who don't really care about fungibility (privacy). It doesn't affect Monero really as XMR being real fungible private anonymous *digital cash* will take it's rightful place in that role whether or not BTC or DASH is the non-fungible open blockchain transparent coin option. Obviously I'd personally prefer to see XMR take over the role of BOTH things but that will depend on the average man on the street starting to actually care about his privacy, and that seems to be a tall order. ANYWAY... bottom line, for me? I want to VERY CAREFULLY WATCH AND TRACK the actual increase (possible?) of real Dash transactions... to detect if they're pulling this off successfully or not *before* the fake PUMP will lose fuel and dump back to where it started.If their attempt works and actual transactions start happening (I have a small suspicion this ploy may actually succeed, even given low odds) then it will make sense to re-buy back into Dash (ugh!) as my crypto portfolio needs to be properly hedged against BTC's possible failure... even buy-in again at these inflated prices of $50 to $100 per coin -- IF it turns out that the DashMaster's ploy here will be successful. If that happens, and bitcoin dies, and Dash starts replacing real BTC transactions in actual use by normal people, well... then $500+ per Dash coin isn't out of the question. OTOH if their ploy fails? If actual transactions don't start happening? Well, then this was just a failed Epic Hail Mary Pass play and the fake DashPump bubble will crash down again to ten or twenty bucks a coin and we all will be just happy to have stayed out of the fray at all. Comments? Whatta you guys think? And WHERE is the best place/way to monitor actual increasing Dash real world transactions IF it starts happening...?P.S. {Edit} As just one recent example I've seen, where I've become concerned that this ploy may actually have a chance to succeed my favorite bitcoin online casino site www.bitcoinvideocasino.com recently unveiled, wait for it, www.dashvideocasino.com  AND they've said they have plans for several other altcoin specific sites including www.monerovideocasino.com but -- here's the thing -- they've started already with DASH. So, this is concerning. They did Dash first, and they did it pretty fast.IF this kind of thing starts happening much more then, yes, maybe the DashMasters could actually have a shot at this Hail Mary Pass being successful (low odds, but still a shot...) No, this definitely won't happen. Based on my calcuations, the market cap of Dash ( $659,228,382 at the time of writing), is about 15% that of Ethereum ( $4,248,956,315 at the time of writing). Therefore the supposedly great DASH pump is weak even compared to Ethereum and is even a much weaker altcoin, never mind being able to compete with Bitcoin. Furthermore, the supposed price of $100 or so which has gone down a tad from its peak already, was partially based on the supply of DASH being less than half that of Bitcoin, therefore in terms that are relative to Bitcoin DASH's price would be well under $50. Furthermore, this market adoption, while interesting, is minor and will continue to be so until DASH finally runs out of steam, which it will do even if it remains a genuine competitor to Bitcoin. Monero is comparatively stronger and its growth healthier. |
|
|
|
|
Well I sort of knew about it online for a long time, but there were some download sites etc which accept Bitcoin and I wondered what it would be like to pay with them. I researched it for days, I barely understood anything about it for quite a long time but I was very enthusiastic and I still take the same level of interest now - I still don't think I know everything about Bitcoin, and there's a lot more to know and a lot to pay for.
|
|
|
|
|
To be fair, it's pretty good that this is openly a Ponzi on this thread, but the system needs to be significantly more clear on your website.
The reason that I never invest in Ponzi schemes is because I know that any payouts I do receive would be from the suffering and failed payouts of later investors (and also that a lot of money will go to the nasty creators of the scheme). If the site openly said, visibly all over the site that it was a Ponzi and explained itself, I might find it to be a fun game (resetting every few days at random etc if you could genuinely prove that it was fair).
If I feel like anyone could invest in this thinking that it's a legitimate investment rather than a Ponzi, there's no way I'll put any money into it.
|
|
|
|
This is typical crowd behaviour.... If the crowd moves in a specific direction... then the sheep follow in the same direction. The Crypto speculators are playing the fiddle and the sheep is following. They will push the price up, and then sell to take the profits.... and then jump into the next hype train, to take some more profits.  Most of them won't do well for profits though. I feel that some groups are pumping ETH right now and following the crowd will result in amateurs coming last. They won't know when or why to sell and before they know it they'll have a terrible investment hanging over their head. |
|
|
|
|
Well as I recall BU requires 75% miner support to proceed. So I would think that the majority of people would move to the new coin after adoption, resulting in a fall of old coin prices and, arguably, a collapse. However, this may not be the case because miner support may not relate to investor support - some of the monopolies in Bitcoin mining, such as Bitmain, are in favour of BU despite wider investor support sometimes being in favour of SegWit.
|
|
|
|
Does Poloniex need you to verify your account to some point to just want to trade with small amounts?
Like under $1000 USD and then be able to withdraw from it less than let's say under $2500?
Poloniex asks for verification if you need to withdraw more than $2000 worth of Bitcoin per day, which is definitely not a volume that any normal small-time traders would reach, even on a professional level (obviously $2000 per day is well over $700,000 per year). My main tip is that when you see that the price of something is rising significantly, don't buy it. Most of these pumps are very brief and will collapse before you know what's happening (with some very well-marketed exceptions such as Dash). |
|
|
|
|
It's very unusual for people to suggest downloading eBooks on open file uploading sites. There's no reason why I would trust that this is not a dodgy file, especially considering that there are so many virus ads surrounding the supposedly legitimate download.
Regardless, I know that I would never download it anyway even if it's free, because I know that if you're an honest investor you won't claim to double your investment in a week, which is completely impossible by legitimate means.
|
|
|
|
|
Nope, this isn't happening.
Bitcoin's support is clearly quite strong at around $1100 at this point, it has been fluctuating over that point and even remained pretty much consistently over that point after the ETF which was impressive. I think unless the threat of a hard fork becomes too prominent, Bitcoin isn't going to drop back under $1000 in the near future.
If it did though, that wouldn't be much of a problem at all, because Bitcoin has been under there and done very well for a long time. Maybe it'll even reduce the volume of transactions and remove all the unnecessary pressure on the scaling debate from all this hype recently.
|
|
|
|
Trading is absolutely a unpredictable job. it just works in this way, check out the progress from month by month last year this time, invest less so that you will not lose much then check what you get in return like that little by little you have to plan and play so that you will get the experience of trading. one thing is you will see the loss as well but we all know that either it will work or wont that's it but we cannot be like trying new things which will give us the best reward.
True, trading is really an unpredictable job I mean even an experienced trader struggles sometimes to predict the current market state, and take theright decision, trading is like any easy way of earning money it involves a lot of risks but het risks go down when you have experience and know what you are doing. i am not agree with you. i do not think that bitcoin is unpredictable job, because there are so many bitcoin expert who have also a good knowledge about bitcoin therefore i think bitcoin prediction is much more easy for them. Experts can make Bitcoin related predictions but none of them will ever be entirely right. Some supposed experts thought that Bitcoin would die after the 2013 pump, but now it's smashed the ATH from then. Bitcoin price prediction is never easy, and trading is never easy. Traders might make a profit overall but they have to live with the knowledge that at any major point what they're trading could hugely collapse (especially if they're too reliant on Bitcoin) and they'll have lost most of their income. That said, as long as traders have a few different things that they're trading and have some savings in case the worst happens, it's fine that it's an unpredictable job because it's still very profitable. |
|
|
|
I still don't believe that split will happen, just some FUD to shake weak hands and we go up again. There will be no segwit nor BU
I don't think you really understand what SegWit or BU actually are. BU will result in a split because that's what it's supposed to do - the new version of the network is incompatible with older versions so those running old nodes will still use the old Bitcoin while others will run the BU coin. With SegWit there would not be a split (although there might well be a move from some people to altcoins if they strongly disagree with it), as SegWit is compatible with earlier versions. |
|
|
|
|
It's very strange of them to decide to block this one specific exchange. There are several other exchanges which people could use but it's clear that if a banking service is this blatantly trying to crush their opposition all the Bitcoin users will use another bank even if it doesn't directly concern them for the concerns of the whole community and because of the blatantly authoritarian nature of this bank.
|
|
|
|
|
If you want to make a proper profit from mining altcoins, you need to be prepared to convert your coins into the more stable Bitcoin regularly and switch between lots of different altcoins depending on what the profit is at the time.
It's viable, but don't put in all of your money because any investments into altcoins are inherently risky and you should have a backup source of income, preferably as a job in real life as a means of stability.
|
|
|
|
|
Show Posts
