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Nope, bitcoin dominance increase or decrease not growing, dominance does nothing to represent bitcoin liquidity, it just a metric of bitcoin market capitalization to show how popular investing in bitcoin compared to other altcoins in the crypto market. Just for reference to provide an easy and quick overview of bitcoin.
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Looking back at 2017 and 2018, one thing became clear and that is the never die attitude of the true Bitcoin investor/user. We are as stubborn and tough as a Honey Badger and we fight to the bitter end. Let's wake the Honey Badger within us and continue the fight to Bitcoin to Mars!  Interesting, since you have created this thread in the early days of the year, you should close it by the end of the year with a great summary of what happened in this year, I recall it was $3300 the lowest price and $13,000 was the highest point. Should we call it to the moon? Probably not, but it's not bad at all, hopefully bitcoin can make it to $10,000 as we enter the new year. |
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Bitcoin unlikely to reach $50K by December 2020 even after halving, bitcoin needs more time to gain huge volume, usually reaches new ATH a year after halving. The best price I can imagine for 2020 is $20K, it's better to maintain stable growths rather than instant pump which lead to crash.
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The lowest price was $7855 based on bitstamp, it doesn't even touch $7700 levels.
We know that $7800 was the support level more than a week and bitcoin seems to persist at $8000, consider to enter bullish phase when it breakout $8600 to $9000.
However, it may sluggish at this neutral level until the end of the month.
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It will take time to build such massive mining plantation, I'm wondering when it will be fully operating, although layer1 startup set up in late 2018. Their plans seem promising with its own power sub-station to utilize solar and wind energy, ASIC chips, and liquid-cooled mining containers.
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It is interesting to note as well, based on that article that Binance still uses Legacy wallet as input address that can really ballooned the fees by x amount.
Anyways, it still boils down to business + profit, at the end of the end, those exchanges really needs to find ways to generate and squeeze every penny out of us, crypto traders.
This is not a problem with Binance alone all of the exchanges have a very high withdrawal fees and 0.0005 BTC is the standard fee and some exchanges even charge as high as 0.0015 BTC HitBTC for example and CoinMex has the highest fees 0.002296 BTC. There is no one protesting that and so is the reason they are continuing that old fees. If you are looking for free withdrawal fees go to Bitstamp and Coinbase Pro. To know the complete list of withdrawal fees here is the exchanges and the fees they are charging. It's not just binance, most crypto exchanges have higher fees than required to transfer BTC, a normal thing because "the fees" is one of the main income exchanges, we can't complain about it. However, 0.0005 is cheaper than many other exchanges out there. Fortunate for people who trade in some exchanges that cost nothing to withdraw. |
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I think they manipulate the market when they have to, like when price went from $10k to $7.7k last month that was manipulation if you ask me, however after the price dropped to $7.7k then they didn't had to manipulate.
No one is manipulating the market. It's just the fact that the market has turned full bearish, which automatically translates into inherently bearish formations to have an even higher tendency of breaking down. There also isn't a central group that manipulates Bitcoin. If there was, that group would have a damn hard time steering the market into a direction that directly trades against the rest of the market. If we fall down like we have in the last couple of weeks, it's just an indication of lower demand. No point in blaming manipulators that aren't there. What goes up hard must come down hard, which is something that Bitcoin is reminding people of almost every single year. Nothing new. Bitcoin market manipulators do exist, they are responsible driven the market price by a pump and dump action on a Large scale. I've seen a whales spoke about it, he develops a trading app/analysis which used by other whales in many countries, when they decide to buy, millions of dollars inject to several exchanges thus the price suddenly spike and people captivated to buy, but at some point they will sell to get huge profits. It would be easy to recognize, whenever the price spike up or drop in a short time within hours, it means whales do it. |
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all in all, I see users tend to lean more escrow services on forums and private individuals, though not necessarily cheaper nor safer.
Yes, it's not cheaper but safer under some circumstances rather than transact without a third party. Even 1% for BTC1 is BTC0.01 min transact fee, not cheap for many people but that's the cost for better security. As some trusted members here offer escrow, they won't ruin the reputation by running away from responsibility. Unless you transact directly to a trusted member, not necessary to use an escrow obviously. |
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Yeah, that's quite old and has changed since then, but this link that you shared is the new one, binance-cold wallet still has 163,664 btcIs this relevant for anything? I mean is it good for us to even know who owns which wallet?
Just consider it a fun fact, those wallet belongs to major crypto exchanges which means they really have liquidity. Although there are some people out there who have more bitcoin than the exchanges but they can stay anonymous, another advantage of bitcoin. |
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"Free" stuff. Imagine where all that have to come from. The government isn't exactly good when it comes to spending money and they end up trying to fill a bottomless pit. They'll just throw more money at non-performers.
Free stuff doesn't mean a bad thing in many cases, if a government can manage its resources to increase the GDP growth then it's not a problem, that's what every government should do. But the most problem in many governances, there are corrupt people who always think to enrich themselves, that's where the problem starts. |
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~
as for "control", people say that because they are looking for someone or something to blame so what better than bots?!
Blame the whales is better  it's not the "bots" but the man whales behind the " gun bots" They are trying to manipulate the market by controlling anxieties of the people, who know where the price heading next, they do. |
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 Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone. The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range. Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently. The breakout of the triangle borders will mean: 1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range: - Target 1: $8460 - Target 2: ~$9000 and upper (the upper range border) 2. Or bearish scenario: Reaching $7800 support and falling below. Neutral scenario imply further consolidation inside the neutral zone. Seems bitcoin trying to attain the bullish scenario, reached $8350 before the drop to $8200 again and gradually declining atm. We'll see how it come out after 24 hours, but bitcoin might stay at the neutral zone for a while rather than back to $7800 support. |
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~ My point is that I think if we educate fundamentals which is tough we might win some hearts.
Indeed, people who know the fundamentals advantage of bitcoin technology will fall in love with bitcoin. It's a currency/asset/commodity based on people's power not backed by any government like fiat currency. Even for people who just want to store value in bitcoin rather than in fiat currency which always brings inflation. |
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Bitcoin price drop now at $7900 so i think its gonna be drop around $7200 before the end of this month.
And many investor that will gonna buy for it because they are waiting that bitcoin price will drop.
Nope, bitcoin going otherwise, get back anove $8200. It won't fall to $7200 anytime this month, even drop to $7700 seems doubtful at this point. Probably bitcoin will start to slowly climb up to reach $9000 next month. |
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The interest in bitcoin comes with the price, whenever the price increase so does the interest and vice versa.
Most new adopters heard about bitcoin due to the hype in mass media if bitcoin suddenly spike up and they will fell to the bull trap, buy at the ath before it plummets.
Nevertheless, people who aware of bitcoin technology utilization as a medium of exchange or store of value will never leave bitcoin even after some crashes.
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Full node? So the owner will use the expensive storage of a phone and the even more expensive data plan?
Who on earth would use that?!
Yes, it's an interesting advertising, now everybody talks about it. But useful / practical? Nah.
Yeah, it's not practical at all, don't think it would be attractive for most bitcoin users. HTC aiming a specific market, for people who want to have bitcoin full node because it is the only way to use Bitcoin in a fully private way and full nodes are critical to securing the future of Bitcoin.
However, It’s common for full nodes on high-speed connections to use 200 gigabytes upload or more a month.
Download usage is around 20 gigabytes a month, plus around an additional 195 gigabytes the first time starts the node.Source |
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China government really want bitcoin to vanish from their country although it can't be stopped, They have banned bitcoin exchanges and miners, now they want to close the door for any potential way being used by citizens to trade bitcoin and other cryptocurrencies. I thought bitcoin transaction was done last year after they banned exchanges but apparently people can find another way, even if Alipay will immediately stop every transactions identified as crypto-transactions, there are others way to transact under the radar obviously.
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Unfortunately, bitcoin can't hold its position above $8500 for a while and hovering around $8200-$8300.
Right now bitcoin still maintains $7900 as the bottom line for a few days, pretty strong at this point.
personally, I believe bitcoin will drop to $7500 and if the market still bearish, $7000 should be the lowest level before it rises up to $8K again.
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