I think that there's a level of manipulation but it doesn't run as deep as people think. I'm sure people and companies take negative lines regarding bitcoin in the hope of lowering the price and allowing themselves a better entry point but I don't think that they're dumping coins to push the price down only to buy up more coins after.
That is what the whalecumulators want you plebs to believe. The whalecumulators are the apex predator of the market. They want you to feel safe, and make you think that the markets' boom bust cycles are nothing but another occurence like nature.  Going around calling people plebs isn't exactly the nicest of things. It would be appreciated by me and I'm sure others if you refrained from doing so, this is a friendly space for people to discuss and learn. Anyway, to the point... Or maybe they want people like you to believe that the market is so heavily manipulated so you'll act accordingly. Or maybe they don't exist. Irrespective boom and bust cycles are nothing but occurrences, the only thing 'whalecumulators' may do is accentuate those cycles, elongating them and extending the peaks and troughs. |
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I think that there's a level of manipulation but it doesn't run as deep as people think. I'm sure people and companies take negative lines regarding bitcoin in the hope of lowering the price and allowing themselves a better entry point but I don't think that they're dumping coins to push the price down only to buy up more coins after.
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Enron went bust because of poor and corrupt business decisions by senior management at the company. Bitcoin is not a company and does not work on the same premise, it does not have liabilities or anything of the sort and therefore it's a completely different situation.
BITCOIN is ran by exchanges, and pimps, and whores who 24/7 find gullible morons to buy btc on credit-cards with the promise riches to the moon. The people running all the exchanges and entire in&out of bitcoin are all exactly like the people who ran Enron. Darn those pimps and whores, as if controlling the sex trade wasn't enough they now had to manipulate gullible morons in to buying bitcoin as well as sexual activities. The people running the exchanges may be the same in many ways but the difference is that if their exchange goes under, bitcoin won't go with it. Whereas with Enron, once Enron went under then the shares were obviously worth nothing. |
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Enron went bust because of poor and corrupt business decisions by senior management at the company. Bitcoin is not a company and does not work on the same premise, it does not have liabilities or anything of the sort and therefore it's a completely different situation.
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This prediction worked this time. Predicting that a further fall would come after bitcoin broke a 1 year old support level isn't exactly rocket science. It's also only a 50/50 statement. Someone could flip a coin 20 times in a row and it come it heads every time, it's rare but it happens. Not that these predictions are a coinflip, for the most part they've been fairly predictable. |
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It's Craig wright. He's the real SATOSHI.
ALL IN SV.
If Craig Wright was Satoshi and wanted to prove it, he would have done it a long time ago, he wouldn't post some shitty cryptic post on a page no one cares about anymore. No one can know the real truth of who made the post, I suspect it's someone with an association to the person that was also friended. It's for sure a good way to make a name for yourself in the cryptosphere. |
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First mover advantage is something that will diminish over time, bitcoin eventually may be a victim of its own success, because you can be sure many of its competitors wouldn't have been able to continue to exist without the success of bitcoin. In time there seems some inevitability that a coin will usurp bitcoin because like all industries, crypto is constantly evolving, not only from the development side but also from the demand from users.
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does the bitcoin become cheaper if you buy from a country with a low currency value?
No, the value is same everywhere. But if you buy from a person who needs money quickly and is in an unstable country, where selling could be slow or difficult. Then yes. Not technically true, there are some regional differences. South Korea is renowned for having much higher costs than elsewhere in the world. But yes, for the most part the differences are negligible and only really in place when those countries have strict regulations that stop many people from being able to buy on their markets. |
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BTC is a winner, if you survive 1-3 years in biz, your a winner, btc is now 10 years old that is SURVIVAL big-time, BTC is already geriatric;
The saddest thing for me is that BTC instead of being private & secure, has become just another LOTTO for sheep, where lotto is a tax on stupid people, bitcoin is a tax on geeks.
BITCOIN was to be MINED, not bought, if you mined your costs were ZERO, if you bought, then you lost.
Speculation ALWAYS leads to gamblers RUIN, especially when you put in the entire pot.
Study 'kelley criterion', the guy wrote the book on investment calculus, F=2P-1, where P is the probabilty of the win, and F is the factor of how much you invest.
If you have a 50% chance of winning you invest zero, if you have 100% chance of a 90% loss like bitcoin, then you sell 10% of your NET-Worth. Unless you have a 100% chance of winning, you don't bet 100% of your net, in the case of BTC, most people went on credit-cards and bet their entire net-worth, with a 50/50 chance of loss,
The smartest move was to buy ZERO.
BITCOIN uses the same math, its in satoshi's paper the entire '51%' double-spending problem is based on the theory of enormous numbers invented in the 1700's. Only when 'sure thing' exceeds 50% do you 'invest', but even then, only a small fraction of your net-worth.
The entire BITCOIN scam is the class 'gamblers ruin', to the poor-house, wiping out all your wealth.
BITCOIN was meant to be MINED, not bought, when you mine bitcoin, you have a sure-thing, for a known cost ( investment ) you get a known return probability of 100%, but of course TODAY mining is NEGATIVE, that is it costs more in electricity than the value of BTC, so you don't mine, and you don't buy.
At what 'floor point' in BTC do you buy? Today we don't even see a floor in the current horizon, perhaps in a year or so, we can use mean-reversion, and predict a certain-profity percentage, and using kelly-criterion get an investment fraction, but today you would be better burning your money if your goal is total loss.
Today 'trading' bitcoin is flipping dice, and that is 50/50, and that's a game for retarded people.
Satoshi knew the score, his baby is based on this math, if your going to use BITCOIN, then use the math that goes along with bitcoin.
Firstly mining bitcoin isn't at a loss or else no one would do it. It might be for some people but for others it is not. Following that up, nobody ever had a mining cost of 0. It may have been close to 0 for 1 btc in the early days but it was not zero, everything has a cost, even if it's just an opportunity cost. |
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I haven't even heard of the top 2 on this list. Is it actually proven that they raised these funds or did they just claim to do so to encourage other investment? I can only assume they're known scams with such low volume nowadays.
You look at the trading volumes from the top 20. Cardano has a daily trading volume of less than $ 20 million, Monero 18, IOTA 10, and so on. Over the past few weeks, the market collapsed and we see how small amounts affect the price of these coins. A project with a capitalization of billions of dollars cannot lose 20% with a daily volume of 10 million. Projects that are listed in the table created only for the rapid enrichment of their owners. Half project fraudulent. I think you'd be surprised with how little it takes to move the market cap of a project. Especially in a bear market such as this. I did not realize that the trading volume for those coins was still so low, it shows how insignificant they still are relative to bitcoin which still has billions of trading volume each and every day. |
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I haven't even heard of the top 2 on this list. Is it actually proven that they raised these funds or did they just claim to do so to encourage other investment? I can only assume they're known scams with such low volume nowadays.
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In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa
All you basically said is that bitcoin is volatile because of supply and demand changing. Bitcoin is so volatile because of how new it is, it's unproven and there are a lot of question markets around adoption and regulation etc. That means that demand (especially) can vary greatly from one day to the next. |
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We'll bounce, somewhere between 1k and 3k, I think it will be nearer to 3k than 1k but it's hard to fully predict these things because it's people that ultimately drive the price. Though, when I say 'bounce' I think that's inaccurate, it will be like 2015 for btc, slow and painful increase that for most people isn't worth noting.
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"While short-term investors consider even the smallest opportunities, long-term investors expect big trends and benefit from opportunities".
Do you think this is really the position of the market? Like both short and long term investors can't make money or lose despite the analysed trend?
We know that the market waves does not respect how much it is that an investor put in the market and anything can happen. So for me, this analysis is not appropriate.
Both short-term and long-term positions need analysis but the accuracy can be a lot more challenging with short-term positions. Long-term positions tend to be more around finding a good buying point but after that it's just surrounding the belief that something will rise in price, due to continued adoption and purchase of that asset. |
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Just coming back from vacation where we’ve been doing a lot of hiking in the mountains, here’s an analogy. You’re standing on a peak of a mountain looking at an even higher peak. But to get there you first have to go down that small valley…no way around it! That seems to perfectly describe the situation we are facing now and it's why i'm relatively at ease with things. Sometimes it's not possible to keep going up and you need to work your way back down, take stock and plot a new course to higher heights. |
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I trade through forex for so many years now. I would like to try crypto trading. What platform would you recommend to me? Or maybe what's the best you haved used? And also can you guys give me tips while starting?
I believe that Binance is the best, but it depends on your own wants or needs. It has a great selection of altcoin markets as well as bitcoin markets. The main disadvantage is that it doesn't have a fiat/crypto market and has to use stable coins. |
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Those forks have been destroying the concept that there are only 21M of Bitcoins by creating more fake money, Yeah.. I know maybe the users were supporting those forks to make a quick buck.. but where forks happen there's more wealth created out of nothing.
The wealth is not created from nothing, it's created from people demanding the coin and that creates the value which leads to creating wealth. If no one demanded the coins (It's happened with some of them) then there wouldn't be any wealth created from the shit coins. |
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“As I’ve thought about this issue more, I keep coming back to a single question: Why haven’t more crypto fund managers realized this already and shut down?” This stuck out to me, perhaps it's because so many of these fund managers are still optimistic that crypto is going to be a big thing in the future. It's worth the loss and suffering right now so that they can still be set up and ready for people to invest as soon as the market makes a turn for the better. 500 funds can't all be wrong. |
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A lot of people don't know of Tether's troubles or don't care. You also have to ask yourself, is it better the devil you know or the devil you don't? We don't know too much about other stable coins. Lastly there's just far more volume in USDT so people are naturally going to go there.
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.... which one you would like to choose if u only have the choice between BTC and IOTA?
Bitcoin, it's an easy decision. It's proven over 10 years, IOTA is new and hasn't delivered much. IOTA might be more likely to get you to a million but it's also a lot more likely to leave you with nothing. Bitcoin is the safe and sensible choice. |
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