https://ethereumworldnews.com/here-is-how-bitcoin-btc-has-survived-worse-including-the-mt-gox-saga-of-2013-2014/I'm one of the supporters of this awesome technology. I've been monitoring bitcoin values since 2014 and an avid fan of blockchain. I'm no expert when it comes to its technicalities and predicting fluctuations. What I'm certain about is my belief that bitcoin won't just go down the drain because of the solid support of the community and help of some brilliant developers to maintain and improve its key features. We are now experiencing bloodbath and huge dips in bitcoin's value. Emotional and newcomers into crypto are already panic selling. I just wanted you to know that this moment in time isn't the worst that BTC has ever experienced and I'm so certain that BTC's performance in the market will surely recover in the near future. Hodler's may have been hurt due to this huge fall of bitcoin's value but only stronger hands wins this kind of waiting game for we all know that bitcoin will surely when it comes to value over time as its mining difficulty,usage and adoption increases. Kudos to all bitcoin enthusiasts and supporters out there that truly believes in the technology despite the bloodshed that we are experiencing now or until the end of the year. Remember that the weaker hands can't win in this kind of situation. Whales will be laughing at them who do panic selling. It's a relatively new market, so corrections to the market prices were to be expected at some point. It's not going to be the wild west for long, regulations are coming. Expect more crackdowns and possibly more downtrends in the future. There is a saying that "it has to get worse, before it can get better." |
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We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?
Many altcoins are actually shitcoins, with little to no innovation involved with the project. They're clones of already superior models. Most of, if not all of these shitcoins will deflate during this culling period on the market. Bitcoin is the founding cryptocurrency, so naturally, many altcoins are tied directly into Bitcoins market movements, so when Bitcoin climbs, shitcoins climb and when Bitcoin falls, the shitcoins fall as well. However, not all altcoins are shit. There are many projects that offer real innovation, like new algorithms, faster transactions, smoother network experiences and even new features other coins may not have outright thought of. Most altcoins are traded for Bitcoin, then from bitcoin into fiat. If faith dies for Bitcoin, many coins will die as well. |
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I am not sure if this is the entire reason for the crash, but only partly the case. The only thing that will cause the market to grow at this point, would be from organic growth. If you follow the market data of Bitcoin itself, then research news articles on days of the downtrending, you will see a persistent pattern. Everytime a major government agency, whether in the U.S, or Europe, China, etc, issues a statement of regulating policies regarding crypto, the news sends the market into a frenzy. Whenever there is news of a major crypto heist from hackers, the market goes into a frenzy. The U.S is the trendsetter when it comes to finance and politics. Other smaller countries usually wait until the U.S issues their guidance upon a worldwide matter before making any sudden advancements. With the recent news of the SEC postponing the Bitcoin ETF proposals, the market has gone into another frenzy. The more good news we receive from the governments, the more stable the prices will become, in my opinion! |
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In my opinion, the market is experiencing a number of necessary corrections. I think the bubble we've seen had to have popped eventually in order to correct the seemingly inflated market prices. Before any major financial regulators approve any advances, the price manipulation happening in the market will have to be addressed, hopefully with a solid solution in place to protect investors.
My guess is the market is in a state of recuperation, needing more time for self balance.
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Many new people on this forum are so focused on ranking up on this forum, with the visions of making tons of money from Bounty and Signature campaigns, but when it counts the most, they tend to drop the ball and they lose out on the biggest profits. My advice to the newbies out there is to forget about Signature campaigns and Bounty campaigns and to concentrate on the things that will help you to make the biggest profits. You should acquire as much cheap bitcoins as you can, during a dip, because you will never know if that price will be the lowest price that Bitcoin would be sold for in many years. In early 2017, the Bitcoin price was around $1000 and everyone was saying it was over valued, well they were wrong and most of the old timers just kept on buying more coins. The end result... The Bitcoin price went up to $19,000+ and we made huge profits. So, please shift your focus on the Dip to something more positive. A dip in the price should be welcomed, because it gives newbies and old timers a opportunity to buy more cheap coins.  Buy the Dip and Sell on the Spike for the highest return on your investment. No Signature campaign or Bounty campaign can beat a 800%+ increase in the price.  Very positive news! No need to be discouraged as you say. Many don't realize that we are in a relatively new market, that has just cropped up less than 10 years ago. It hasn't even been properly regulated yet. An ETF hasn't even been approved, as they keep getting postponed. We still have a very long way to go. Blockchain has taken the world by storm! People should stay tuned, because there's still more to come. |
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Correct, but the bad news is outweighing all of the good news. That's the answer to your problem. The bad news is coming from the governmental regulators around the globe. The good news is happening in little growthspurts, a little here, a little there.
Think about the recent ETF news regarding the SEC's decision to postpone the proposals. That statementt alone, seems to be hitting the market hard, at least from my point of view. I could be wrong though.
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I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors.
Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?
Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies>
Do you think this is Good or Bad for Bitcoin, when this happens?
I don't know, I mean, what was the purpose of Doctor Nakamoto making the entire project open source? It seems like altcoins were encouraged. Bitcoin was most likely a proof of concept for the real innovation behind the madness, the blockchain. By making Blockchain technolgy a free to share code, it encouraged the startup of a grass roots community. If I didn't know any better, I'd say Doctor Nakamoto's experiment was successful. An entire economy is being built around blockchain projects. Just my two cents! |
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I've seen lot's of people who complain to bounty hunters who dump their tokens after they get them. Why hate them? They have all the rights to sell whenever they want and bounty allocations are only 1%-5% of the total supply of the coin. I don't think it will do much to lower the price of the coin. I mean it's even good for the ICO investors as they will have a chance to buy more tokens with lesser price than the ICO.
Holding the tokens also doesn't mean it will make you rich. Some tokens get abandon by the developers so it would be better to sell at a good price than be left hanging in the end.
I don't think people outright hate hunters who dump their bounty stakes. There is a lot of confusion happening on both sides. On one side, you have the core members of the community and the seasoned investors who understand that a good startup needs time to grow, in order to successfully get up off of the ground. So it seems strange to dump a coin/token before it ever has a chance to grow. On the other side, you have people from very lower income backrounds, some from 1st, 2nd and even 3rd world countries who can't afford to wait many years for a company and its coin/token to grow organicly, so they dump their coins for profit immediately, because they may really need the money. There are many factors to consider. |
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I have been attending bounty's and airdrops since beginning of this year, I have some coins from bounty and airdrops. I can not chose the right strategy up to now. I keep all the coins up to now. But now its getting very hard to deal with them. Maybe I need to sell low quality coins and buy some strong coins? Please share your strategy to help me some.
DisclaimerI am not a financial advisor or legal professional. I am only staying my personal opinion, based upon my views and experiences. Please seek a local professional for any financial or legal advice.It is safer to just hold on to your portfolio of coins right now. I am not sure where in the world you live, but it would be better to wait for clearer guidance from the regulatory authorities within your country/state jurisdiction. The market seems like it is downtrending because of the all the news within the U.S and other countries regarding regulations upon cryptocurrency this year. It has been tough for crypto this year, it's no secret. One must remember though, it's a brand new market that is highly unregulated and is a real disruptor for the financial sector. Governments are scrambling to bring order into this chaotic sector. We're dealing with real inovation here. Blockchain is a real game changing technology, look at how much impact it has had so far. Whether you choose to sell or hold, is entirely up to you friend. You should follow your own path. Just remember to practice your "due diligence" when dealing with any investment. Always weigh your options first before panic selling, or buying. |
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sadly it is over friends!!!but of course too hard to believe!
Where is your source for this information? This is the type of F.U.D that hinders the community. Not everyone is losing money, it's mostly the "Johnny come lately's" who bought in during the uptrend frenzy (me  ), who are counting losses. Less we forget, some invested earlier on, before the price hiked above $1000. Many of us took a loss, but that's no reason to spread panic. |
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Many fail because they're not really offering any real innovation, just some people capitalizing off of the crypto craze/ phenomenon. In other words, a lot are just cash grabs, not necessarily a scam, but a chance to profit from an new open and unregulated market. The gold fever is going around again, just like during the California Gold rush that happened years ago in the U.S. |
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Airdrops used be very good before but now many airdrops are scam. Some good airdrops have paid me well in the time past such as Ethereum Blue, Poly Math, Bitcoin White, Hydro and FRESCO.
They all made me smile as an airdropper then but now am becoming more of Bounty hunters leaving airdrop gradually. Although bounty takes my time much more than when I do airdrops alone.
Bounties and airdrops as we know them, won't last forever, because the more people join the scene, the less you will be able to earn. Regulations may also slow Bounties and airdrops in the future. Bounties and airdrops were once incentives for early adopters, now it's becoming easy hiring for cheap labor. |
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I admire your electric enthusiasm, but this statement about banks is quite silly my friend. Banking will never end, it will only gravitate towards more conventional means to ensure its survival, like the blockchain. Without fiat being available for exchange, Bitcoin and all the alternatives become useless, at least for the average joe, whom I believe the platform has yet to reach and may be key for a wider scale adoption.
Until everyone (including grandma) is able to utilize crypto effortlessly, it won't reach mass adoption. The interface must be made so simple, that a child could use it, then every day Joe's will start to indulge upon its use.
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I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?
An exchange acts like a brokerage. A broker is a medium who buys or sells goods or assets for clients. You (the investor) uses their medium to buy and sell orders of cryptocurrencies. Major money is constantly in transit between the exchange and its clients. Orders for buying and selling happen all day. In the U.S, a individual, or business must have a money transmission license to deal in buying or selling fiat. The exchange usually has these legal matters squarely in order, not all the time though. The exchange makes the transactions smoother and faster, saving the investor the convenience of registering for licensing and other permits in order to exchange money, especially in large amounts. An exchange is a very necessary commodity! |
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Few day's ago was a rumor about ETF approval will middle of August. Today Cointelegraph publish a news that ETF proposal postponed to end of September. After this ETF news Bitcoin start downtrend again. After ETF proposal bitcoin was bullish. But recently due to postponed ETF btc run on bearish again . If ETF result become positive market will be bump instantly. Hope SEC will consider for approve of ETF application. I think an ETF won't be approved until a more conventional proposal that protects the investor is made. A proposal that will offer a plan for a system that prevents major price manipulation of the market. It is risky, though it could be quite lucrative if successful. I'm sure the SEC is looking after the investors best interests, so a small postponement seems necessary. In the meantime, the market will most likely continue to fluctuate. |
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This forum was created for people to learn more about bitcoin and not to hate it or spread false information about it. Guys, is it enough that these days we sit here  and here all sorts of FUD being spread about bitcoin saying all sorts of things which are not true??? Let's not forget that it is as a result of these these FUDs that brings all sorts of panic sells which brings the value of bitcoin down and what bores me is that at the end the come back here and say, "Finally bitcoin is dead" forgetting the very fact that they were the very ones that caused it. But they can't because bitcoin is still strong. There will always be an opposing side reguardless of the argument, whether it be crypto, politics, etc. There is F.U.D everywhere, as people are panic selling. Everytime the big regulators from big countries like the U.S or China issue statements that speak out for or against crypto, fear insues and the downtrend continues. |
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I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
From my own analysis of the market, your assumptions are on the money! Bitcoin is the founding coin, the market of altcoins was built around the Bitcoin. Bitcoin is the main medium of exchange for all other cryptocurrencies, then from Bitcoin, you can exchange for fiat. So if Bitcoin falls, other coins that trade against it, may fall as well. At least thats how ot seems. |
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https://www.livebitcoinnews.com/4-in-10-americans-will-never-invest-in-bitcoin-says-latest-crypto-study/I've known some few friends who are into forex and stock investments. When they've learned that I engage myself into crypto trading and investments they discouraged me due to bitcoin's price volatility and unpredictable fluctuations. All I can say to them is that I only invest an amount that I can surely afford to lose and taking huge risks will definitely compensate you good returns as well. I bumped into this article saying that 4 in 10 Americans will never invest in bitcoin, which is somewhat realistic but still history can really tell that bitcoin has changed lots of millennials who took the risk and profited when bitcoin value skyrocketed to almost $20k last year. So with this article it shows that there is still high percentage of Americans that is willing to take risks to invest in bitcoin just to make some good profit in the near future. What are your thoughts regarding this one? Share me your thoughts. Your friends are right, to a degree of course. Accordingly, you said they were savvy investors. Then surely, from a venture capitalist's perspective, it does seem a bit risky. Also, as you stated, high risk is usually associated with high rewards. To many, cryptocurrency is seen as a way out of a bad hand that life has dealt, in a last ditch effort, with hopes of striking it rich. To others, it is a beacon of light in what some would say to be, dark times (debatable). These are the thinkers, the investors, those who see the potential within blockchain and its innovative benefits. |
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If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?
What's good for a goose, isn't necessarily good for the gander. What may work within one country, may certainly fail in another, due to the different social, economic and governmental structures of establishment, set in place by each individual country. There may be to many factors to consider, in order to make an accurate enough forecast. |
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Yikes! It is always something isn't it. News like this is bad, but to be expected. Crypto is really changing the way we view the world. I would have never thought something like Bitcoin could ever exist. The blockchain truly is innovation at its finest. Do you think the creator knew it would become this big?
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