I haven't seen Bitcoin touched the 3000 dollar mark. I have seen it very close to it and constantly avoiding reaching it. Even my pal coinmarketcap.com does not show Bitcoin reached that value. However, I suppose that it will be reached and be surpassed this July after the acceptance of Bitcoin as a mode of payment in Australia. I am pretty confident it will. 

That is a strategy of some greedy persons who intends to spread false information about Bitcoin. By spreading the headline "BTC IS DEAD" or anything related would trigger panic selling to some newbies and easy-to-believe people. As a result, the value of Bitcoin will decrease and the one who spread the wrong information will benefit from it since they can buy Bitcoin again at a low price. So these people who spreads that Bitcoin is dead is a typical troller that deceives people for their selfish wants and benefits.

What's with the subject/title? It is not cohesive to your specific point.

No they cannot. Dollar is a very strong currency and it is the dominant currency in the whole world (I think). And if ever they have some plans about making the dominance of dollar be erased, I believe the the United States will not be silent about this. US will surely make some moves to interfere and impede their plan. Even to trigger a war if they have to, they will do it just to sustain the dominance of their currency.

First, I am not a tycoon.

Going back to the matter, the recent drop on Bitcoin's price is not so surprising at all. Those act of volatility is very normal for Bitcoin. The supply and demand are the ones that dictates the value of Bitcoin so these scenarios are inevitable. As for the future market, well a very near one, I say a promising one for its price. Bitcoin might have another ATH due to the future acceptance of Australia of Bitcoin as a mode of payment and it will be on July. A major breakthrough happened when Japan did that so if Australia will, this is promising and not to mention exciting.

Me, I do not but I am planning to accept Bitcoin as a mode of payment for our business in the near future. Bitcoin is not yet that popular in our country so I will wait more time. Though many business here in the Philippines are accepting Bitcoin by purchasing egifts with Bitcoin, I am still planning to wait more time. I am on a province so I believe that only few knows Bitcoin exist here. When our business is ready and very stable, I will surely accept Bitcoin as payment.

Cryptocurrency, specifically Bitcoin, has gained so much attraction nowadays and some eventually leaned on it for income. However, full dependency on cryptocurrency for income is somewhat unwise. Cryptocurrencies are so volatile, unstable and very uncertain. Leaving your job just to be a full-time trader, investor, or whatever job that relies on cryptocurrencies is not advisable. It is much safer to keep your job and treat earnings in cryptocurrencies as alternative or extras.

Yes, you are correct. We have Japan as a reference for that. Since the formal acceptance of Bitcoin as a mode of payment in Japan, the price of Bitcoin increased dramatically. This is due to the increase in demand for Bitcoin. So by July, Australia will follow the footsteps of Japan and users hope the sky-rocket price hike.

So in conclusion, increasing the demand for Bitcoin will trigger or push Bitcoin's price to soar up. Whatever scenario take place when it causes the increase in demand over the supply then a price hike is to be expected.

Who would know the entire and exact reason/s, right? It seems illogical to me (the price drop) since we are about to welcome Australia this coming July. It should have been going up by now since we only have half a month to witness this.

At some point, I have read a post in this forum that someone cashed out a huge amount of Bitcoin and it triggers the decline in Bitcoin's price.

Your theory about price manipulation is somewhat possible and at some point, it is what is happening. The exact scenario might be a little different but somewhat similar. Hoarders of bitcoins or whales might have been doing your theory years ago or they are doing it now, who knows right? With a pile of coins in their possession, it is highly possible that some are causing a crash on bitcoin's price that triggers panic selling. They sell at a high price and buy again at a low price.

I believe that billionaires have invested or are investing to bitcoin. They surely want to increase their assets, right?, and investing in Bitcoin is a possible prospect. They can easily hide some of their wealth in Bitcoin and some cryptocurrencies so investing in cryptos is a wise decision for them.

They absolutely know about the existence of Bitcoin by now. Bitcoin have flooded the news at some time, even the social media. And since these billionaires are fond of technology, I believe that the blockchain technology will not be bypassed by their knowledge.

I have to pass on that. I feel uncomfortable with implants or whatever. It is still possible to have a cashless society without implants.


I also believe that this will become a reality. Some are formulating their method about the application of this, I believe. We already have mobile banking, credit cards, and now cryptocurrencies.

I would like to have further explanation about the reduction of criminal activities. I believe that reduction of crimes is not a benefit of this because criminals will just find new ways to utilize the new method of payment for their benefits.


Cryptocurrencies will still be existing by then. Maybe a cryptocurrency is the key for the cashless society. Who knows, right?

As a newbie, it is not bad to be afraid about the volatility of Bitcoin. As time goes by, you will be used to it because you will see the ups and downs several times within a day. As to what you're asking, it is possible that bitcoin will drop to nothing but it has a very small probability of that happening so just relax mate. Have faith in Bitcoin going upward, all is well. 

It is highly probable that Bitcoin will reach 3000 USD within your speculated range since Australia will accept Bitcoin starting on July this year. However, selling immediately after reaching a new all time high will just cause for the price to go down again. It is best to just hold your coins and watch the charts with lines going upward. 

This is for the sake of safekeeping. Having a single wallet is prone to some uncertain events such as hacking and forgetting the private key or passphrase. So in order to lessen the casualties, some user distribute their coins on different wallets. This way, if a wallet was subjected to a disappointing event, then the user will lose only a portion of his coins and not the entire coins in possession. Some also use different wallets for different type of transaction so that confusion will not take place.

I have no argument about the concept. It indeed caught my attention 

The crowdsale is still active and will end for about 11 days from now. See for yourself here https://nvo.io/

Theoretically, no one can predict how low or even high bitcoin's price will go. The current decrease of the price of bitcoin from the ATH is a normal occurrence. Bitcoin's price just swings here and there. No one is surprise in this movements since it became normal to most of us here, especially the old members, and this is due to Bitcoin's volatility. Nothing to worry about 

HODL! HODL! JUST KEEP HODLING!

Based from our past experiences, holding Bitcoin never failed us. Bitcoin's trend is pointed upward and it would seem that the only way forward is up. Bitcoin's price will continue to increase, I believe. From the current event in the price of Bitcoin, yes it is fluctuating but Bitcoin is just preparing for a big pump. Take note of Australia. Seat belt buckled and preparing for take off. 

It is possible when we are talking about possibility but on reality it isn't.

If overnight Bitcoin price will go down  to 1 USD the possible ways I am thinking is all Bitcoin holders/user will sell all their Bitcoin and all the exchange will abandon ship after selling all coins then all miners will stop mining. If all of that happens then we will not just see Bitcoin to USD become 1:1 but we will also see the formal death and final period of Bitcoin. However, since this will not happen then we will not see the effects of it.

Some people tend to hold the Bitcoin/s they possess and do not even touch them for a while. They always believe that the price of Bitcoin will soar up someday and when that time comes, they will be ready to sell their coins and they will gain bigger profit from that. Bitcoin has become an investment to some people (maybe most of the users?) and having this mentality would result to this kind of action which is to hold for a long time.

I also observed that these past days. Maybe the 3000 USD wall is a bit high for now. I say that Bitcoin is still preparing itself for its leap on that wall. Bitcoin to reach that high needs more demand in the market and that demand should be met when Australia formally accepts bitcoin as a mode of payment. We will just have to wait a bit longer.