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Yes long term holders are waiting for the next halving when there will be less supply of newly mined bitcoins and naturally the bitcoin price would increase.
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if miners can't make ends meet in case of a price drop then they will shut down their miners. but this is not something that happens for all of them. only some miners are affected and as a result only some of them shut down their miners while others continue mining.
and as this happens, difficulty comes down and things go back to normal.
Yes not all miners would be facing loss due to fall in bitcoin price.Mining costs vary for different cothey should understand that bitcoinuntries.B itcoin price is unpredictable.For all those who are concerned about bitcoin price,they should first understand that bitcoin price should be considered in long term basis and not on short term which would suit only for altcoins. |
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It's not as easier to manipulate bitcoin market as it was done previously by Chinese gamblers when China dominated the bitcoin market.But still manipulation is done and media is used nowadays to do manipulation by spreading either positive or negative news about bitcoin.
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If the stocks market will crash again like 2008, what will happen to bitcoin?
I personally think that people will take their money out and will invest it somewhere else.
Do you think that bitcoin will be a good alternative?
Even though bitcoin has proved to be a high ROI giving asset,still we could see more investors stuck with stock exchangesand not willing to leave traditional investments.But if stock market crash happens,then they would definitely rethink and decide to buy bitcoins. |
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Bitcoin was once dominant in the crypto market being pioneer of crypto currencies.Then it started to lose its dominance gradually due to the entrance of hundreds of new coins. Bitcoin's dominance was at its lowest at 36.1 percent. But now, once again bitcoin's market share has reached high to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven. https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/ |
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Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin. Does the government mix in managing transactions for each user? If the government mixes in managing transactions, will they take advantage of every transaction  What is your opinion.? Even if the government approves bitcoin,that doesn't mean that government would get access to all the transactions and that it would be in full control of all transactions.Only thing which it could do is to frame rules to regulate bitcoin exchanges to strictly follow KYC for all customers in order to tax the bitcoin users. |
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This is a middle-ground fallacy, a false argument that both sides are equal and must compromise. In reality on side is right and the other is wrong. Bcash is an attack on Bitcoin, the coin is centralized and the powers behind it want to completely control Bitcoin. Exposing them is a good thing for crypto community as a whole, it shows that decentralization is the main value of any cryptocurrency, and that it can be attacked from the inside of community. If you are painting Bitcoin and Bcash as equals, you are not only eroding the core principles of cryptocurrency, but also making people risk their money if they'll consider using Bcash, as this coin has no future.
Actually i wished to mention all the cryptocoins altogether and not specifically BTC and BCH as I too know what roger ver the bitcoin antichrist has tried to do in the past. |
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We could see the fights between BTC and BCH community members accusing each other's coin and spreading negative thoughts about the crypto market itself as a whole.Each coin dev as well as its supporters wants to show the other coin down.It makes people who wish to enter crypto loose their faith in cryptos and stay back.
Come on guys,even if we wish or not we all are sailing in the same crypto environment boat.Don't accuse each other or else we all have to sink one day or another.
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It's just a false allegation against bitcoin by its critics.They are equating the total number of transactions confirmed with the energy used for mining.But whatever the number of transactions confirmed,the energy used for mining the whole block remains the same.For gold mining and for banking transactions taking all over the world,more percentage of energy is being used and no one would raise such issues anytime
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Bitcoin's price has once again fallen down today to $6,315.
One of the great benefit of this bearish trend is that more speculators and new investors who just want to get rich overnight have mostly moved out or still moving out of bitcoin in search of another magical high ROI giving asset.
Thank God its once again not bullish.
Atleast bitcoin would be left with its loyal holders who wish to enjoy and support this technology by using btc for payments,etc.
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Well i could not forget those bitter days particularly during last Christmas if I'm not wrong,i had to pay a terribly high fee for getting my transactions confirmed as thousands of unconfirmed transactions got marched due to more miners switching to mine Bcash.That was actually a double side attack on bitcoin by switching miners to mine Bcash instead of bitcoin and at the same time vigorously pumping Bcash by roger ver and his team to show Bcash as the true bitcoin.But now thanks to segwit activation,all things have become surprisingly normal.
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If in trading apply fast trading strategy,
What obstacles are constraints
and weaknesses?
If you are terming day trading,then its ok until there is fluctuations in price out of which day traders make quick profits.But if you are mentioning just buying fast and immediately selling fast without any price analysis and strategy,then it would be a stupid act leading to loss.Even if you want to hold any coin in short-term,still it would be profitable only on selling it when the price increases. |
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The 'solution' is to have people switch their mindset. Instead of looking at Bitcoin as an investment or get rich quick tool, see it as sound money.
The more people use it as money, the more Bitcoin's utility value increases, and thus its price will increase as well. It's pretty shitty if you're here solely for the increases, because you're missing the whole point of this decentralized revolution. Converting Bitcoin to fiat is just trashy in my opinion; you're selling Gold for Copper, which is just a very bad deal.
Complaining about fees isn't an excuse to not use Bitcoin as money. I use PayPal from time to time as well, and the last time I used their service to move $20 worth of value, they charged me a whopping ~$2.5 in fees. The last time I used Bitcoin to move value it only required a fee of $0.05 so who's getting a better deal, PayPal users or Bitcoin users?
Absolutely.SEC approving bitcoin ETF will not be a solution.Almost majority of bitcoin holders now have bought bitcoin considering it as a high ROI giving asset.It was in past when people bought bitcoin to support this wonderful technology and also to use it as a payment system instead of banks.Only if the mentality of bitcoin holders switch back to use it as a payment method,then only we could expect bitcoin to enter main stream usage.Just buying bitcoins and making it idle will not help. Quote |
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Hey guys, so i've read a new report on how much of the exchanges volumes are just wash trading and the numbers are way too high for what real users do>. This is pretty concerning, since the market might not be nearly as stable and mature as we think, it might all be manipulated. What do you think of the current state of big exchanges and price manipulations that we experience? my source: https://www.blockchaintransparency.org/reports/Yes some months before,it was complained that Bithumb a big Korean exchange did wash trading to manipulate the price of Bcash and it was the reason for such a high price of Bcash reached at that time challenging bitcoin.It is illegal but it's done by some exchanges. |
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I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I could remember those days when I bought bitcoin for just 650 dollars.At that time,chinese had dominance over bitcoin market since they had the lion's share in bitcoin due to majority of bitcoin mining firms located there.The Chinese became the sole authority to decide bitcoin price.We used to keenly watch the changes in China related to bitcoin market before buying and selling bitcoins.Bitcoin was mostly used for quick and cheaper transaction at that time.Most of the world population was unaware of bitcoin at that time.If I'm not wrong,there were no such ICOs at that time.Ethereum was also famous next to bitcoin.Zcash and Monero were much expected at that time because of their anonymous transactions but they failed to survive.Suddenly during 2017 beginning,bitcoin price suddenly rose to 1,000 dollars and bitcoin started to gain attention all over the world.From that time,people started to recognise bitcoin as a high ROI giving asset. |
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I had been very much disturbed by reading articles that criticize bitcoin for using excessive enerfor mining.Nowadays such articles could be seen in large numbers.But the reality is different.Its just a false allegation against bitcoin by the biased media which is mostly funded by corporates.For them,those media deliberately spread FUD against bitcoin mining. But bitcoin mining is using much less energy when compared to energy used for gold mining or bank transactions. Such articles directly equate the number of transactions directly with the mining cost.But there is no such thing.The cost of mining stays the same both when a bitcoin block is full or empty. https://www.reddit.com/r/Bitcoin/comments/9dnkye/bitcoin_uses_less_energy_than_banks_bitcoin_clean/ |
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A few weeks ago I got an email telling me that my password had been changed by someone on my poloniex account. So, I suppose therefore my account was hacked. Immediately I went to freeze the account and changed my password. But the thing is, I don't want to risk that happen again with a large amount stored in the exchange.
Where would be the best place to keep my BTC while I'm not trading with it in an exchange? I don't feel as if storing it on my own hard drive is very secure as hard drives can fail, and what can you do if that happens..?
The best thing which you could do is to store in desktop wallets like Electrum which I have been using for years and haven't encountered any problems.But you should ensure that you download such wallets from their official websites for example in this case,www.electrum.org.Otherwise your bitcoins might get compromised. |
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Price manipulation is done by using many ways.Publishing speculative news in favour of boosting bullish trend is a way.Here on the below link,we could see that news sites continuously release news that bitcoin price is to boom.If we see such moves,we should be cautious about investing otherwise we may get fooled and we might have to regret for our wrong investment.Don't let news media to decide your fortune. https://www.reddit.com/r/Bitcoin/comments/9dimq2/headlines_two_days_ago_this_is_how_market/ |
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We all have advised these much days others not to store bitcoins in exchanges as they might get hacked.
But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.
So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.
Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.
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Just three months more for the year completion and there is not any strong factor for such a price rise.For example even if bitcoin ETF gets approved,still such a price is not possible.I would say that the present price range of 6,000to 7,000 dollars is still better than higher fluctuations.With fluctuations getting reduced,there are more chances for bitcoin to get accepted as a payment option.
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