|
Well there has been a lot of bad news as of late, it would be hard for the industry to be in a bull run as of now. However, I wouldn't worry if you compare those to last year prices at this time, we are up a significant amount. That alone should make you feel comfortable, if not the World Economic forum predicts crypto will be worth more than 10 trillion in less than 10 years.
|
|
|
|
|
At first I didn't care for politics. Then people told me I had to be right or left. Now I say screw you I decide whatever I am on whatever topic, you just tell me the topic. Politics are stupid and causes a useless divide for no good reason, just because you think a certain way.
|
|
|
|
I think that very few people would have the patience required to wait from bitcoin prices rising from $1 to $20000 over the last few years. Some people would have sold at $100, $500, $1000 and so on. Very limited people could have imagined that it will reach $20000 one day.
It is hard to have that kind of vision in faith, especially when majority of the world is telling you that you are part of a scam and apart of a criminal system. Combine that with the fact it is a new asset class, you better believe some people are going to sell because they get scared and or don't understand the tech fully. Quite honestly, I don't blame them because I don't know what I would have done in that spot either. |
|
|
|
The far majority of the people don't understand anything of this market, and don't even know what crypto actually is. The only thing they are here for, is to book quick profits, but the only thing they are doing because of their stupidity, is booking quick losses. They don't care one single bit about what's powering crypto, the blockchain, or peer to peer transactions. In large numbers, these are the people buying up the market to record highs, and also dump the price down afterwards. It basically means that they complain about something they largely themselves are responsible for.  While people keep panicking, I just enjoy reading through this forum everytime a correction has taken place. It was like that back in 2013, and is still like that today. Noobs buy at peak levels, sell at a loss because they think Bitcoin's time has come to an end, but blatantly buy back once the market has gone up again. After that, the cycle repeats. It's not super cool to make fun of people, but come one, most people will admit that it is somewhat hilarious. If this happens to you one time, you can learn from that mistake and not fall for it the second time, but it's happening time on time again. People don't seem to learn, or even slightly understand what the actual problem is. I doubt the same people are making the same mistakes over and over again, that would be tough to believe but I suppose not impossible. But you have got it correct every time there is hysteria in the market I believe a new wave of investors think this is their chance to get rich quick, and only to find out they bought the top and they are going to get broke quick  . It isn't funny but at the same time you do need some of these people to profit, otherwise the market wouldn't be as profitable as it is. |
|
|
|
Gotta view this as a silver lining moment and I almost had a feeling that day that the trustee wouldn't market sell like that. Also had a weird gut feeling that some are looking for any reason to jump ship and they got it. Well good for them and good for us, now we have some stronger hands holding  . |
|
|
|
|
The valuations are made up by the market participants it is simple as that. However, the price discovery is something else and I would argue that most projects out there are too hyped up right now, and because of that most are going to fail in hilarious fashion. Will be interesting to see which coins remain!
|
|
|
|
|
They may have forgotten because 10 years is a long time and the average person doesn't concern themselves with how their dollar is losing purchasing power everyday. The reason they don't care is because taxation is seen as the norm, and inflation goes quietly under the rug. It is hard to get people riled up about something they don't know, and at the end of the day people don't want to learn about money or how the government works. They just want their beer and to watch the game, it is sad but that is the over arching reality here.
|
|
|
|
All it needs is a little bit more time,, the majority of its uses still not in mainstream as the government and the financial sectors is doing all it can to stop it from becoming one.. It can outrun PayPal and the like of it when bitcoin and legality of it is answered.. If the people will continue patronising the monopoly of payment that is corrupted is a big mentality attitude we shouldn’t ignore,, but to solve it by spreading the truth..
All you need to know is that cryptocurrencies and Bitcoin grow exponentially and the growth of financial industry has been linear all this time. Given that once cryptocurrencies surpass the financial industry their will be no looking back. It won't matter how much they want to stop it at that point, they simply won't be able to. Not unless they want to shut down the world wide web, which I am confident isn't happening anytime soon . |
|
|
|
|
I believe Coinigy has a system where you can set up your accounts through them. I use them for charting but never bothered with the rest of their services. Take a look as I am not 100% sure, but it might just be what you are looking for.
|
|
|
|
Actually the future is pretty predictable, the history is showing bitcoin has made giant steps considering that is only 7 years old. I think bitcoin will keep going this way and many of us here think it will bitcoin will have a bright future so the future of bitcoin Economics will be great , no need to worry of it, bitcoin will be without a doubt toward a bright future. Investment in bitcoin as a store of value is great.
Yes, Bitcoin has a huge potential, but unfortunately many investors have fled. Especially there are great concerns about speed and fees, in fact these problems will be solved in future time. Also Bitcoin is about 10 age old. (if we consider starting date 2009) Truly is unfortunate because if they had stuck around for another month or two they would have seen the fees go from $20 dollars on average to 0.20 cents. It is a pity but honestly I am happy we shake the weaker hands out now, you would rather have crashes now than at much higher prices. |
|
|
|
|
I feel good when Bitcoin dominance is around 50% but that is completely arbitrary and the market will dictate what is necessary. In the future I could see a market where Bitcoin gets back to 80% dominance but I could also envision one that leave Bitcoin at 15-20% dominance. The adoption of alts and the way they are used will have a vast impact on how Bitcoin does, but one thing is certain Bitcoin will be around in the future make no mistake about it.
|
|
|
|
It has been stagnant versus the way it functioned prior to its market adoption.
Doubt that, when they got involved in early December Bitcoin was near 16k and since then shot up to 20k and went all the way down to 6k. If that isn't a roller coaster ride, I sincerely don't know what is! |
|
|
|
Soon countries will realize they can't kill cryptocurrencies. Banning doesn't matter as there will always be some countries and some banks allow its transactions. Crypto is here to stay with us even after bubbles or crashes.
While I agree with this at the same time we cannot underestimate the power of governments if bitcoin and other cryptos really became a threat to the current system they will do everything to forbid it including passing some very harsh laws and I'm not sure many people here want to become a martyr for their bitcoin and after a while most holders will comply with the law. That is what most people forget, that the average person is a law abiding citizen that won't stand up for the people because of what they believe in. That exact cowardice would be the reason governments have a chance at stopping this thing, because other than that if we all stood tall how would they stop us from using Bitcoin? They wouldn't because there wouldn't be enough space in jail or enough cops to handle everybody who did this, the population needs to understand this and stand up when the time is right. |
|
|
|
I would agree that most of the people investing BTC are now wondering why it had not risen it's price value and the resistance has greatly affected it's current value going to downward trend. I just think that what is happening in the crypto market which affects the price of BTC could have been investors holding still and lesser investment coming in. With this, I am still optimistic that the downward trend for BTC is just temporary where it will be back on track soon.
Those people are the newbies, and who cares what they think they are only in it for a quick dollar. I could care less what they think, and I hope all people entering for a quick dollar get royally destroyed. Because it is that exact mindset that spirals the downtrend out of control, if we had rational smart investors Bitcoin would not be as volatile. If I have to endure the volatility fine, then some people better be getting wrecked at the same time because they are the ones screwing up the market for every smart investor. I seem upset but I am not I understand this is where smart people make their money so I guess in essence I do want it long term, but it is still annoying as hell. |
|
|
|
All that shows is that noobs know how to FOMO and then once Bitcoin isn't rising it isn't interesting. People hardly care when Bitcoin is going down, sometimes even the people who are involved here (we don't care for variety of other reasons though). Don't fret by year's end it will look how it did in December once more  . |
|
|
|
|
That is good for them, then they won't have to worry about prosecution like all the other coins have. You could say the same thing about other coins that have not had an ICO but are airdropping and giving them all away? Right now Bitcore, DeepOnion, and Byteball are all airdropping, would they be free of persecution too then?
|
|
|
|
|
Nobody really knows but in general the sentiment is that we will at one point reach an ATH this year. However, the price itself nobody can agree on and you have this massive range of 25k-100k with some people calling even higher than 100k (McAfee & company). For that reason it is impossible to say what the maximum will be, especially given last year most people thought 5k Bitcoin would have been great. Take into account Bitcoin was 20k in December 2017 you can clearly see nobody can predict the price of this beast.
|
|
|
|
Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
Whether it will reach 2 milion or not is up for debate but I can tell you with absolute certainty it will never reach zero. You have currencies that are over hundreds of years old that are not worthless because they provide some sentimental value and historical value. For that reason it won't ever become 0 and if you only have 10% in BTC you seriously have not done enough research imho. |
|
|
|
Won't do much, I would argue Bitcoin won't even bat an eye at this move. You think a fiat pairing is enough to usurp Bitcoin, puh-lease . |
|
|
|
|
Probably not the speeches themselves, but the way the media portrays it and paints that picture has likely to do with impact on Bitcoin. It sucks that they have this much impact but because the average investor is public and retail and they read those sources it becomes a self-fulfilling prophecy.
|
|
|
|
|
Show Posts
