Bankers has already continuing to waged war against bitcoin and crypto, but I don't know if they had a hand on the current market crash. This correction is deemed to happened, no need to over think what's the cause of all of this. Just don't get worried to much mate, its not good for your health.  We have seen this kind of event before, bitcoin crashed, bitcoin rebounded, bitcoin getting all time high. Rinse and Repeat. The crash has something to do with the Asian market market. Some say its because of the Chinese New Year, China and South Korea banning everything crypto related. But as I have said, bitcoin's been there, done that already. Just have faith it in you will, and soon the price will many times, as we have witness in the past. I would have to agree because I don't see the recent market crash to be the doing of banks. Yes, it is likely that the recent bans has affected the price negatively but banks may or may not have something to do with it. It was but expected for there to be a price drop or correction to happen and time and time again, bitcoin has continued to recover despite the FUDs. If you know bitcoin, then you would have to disagree with the statement in OP because the numerous supporters and users definitely do not keep on holding just for that reason. |
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This would produce the most gains , but if you predict wrong you could be stuck waiting for the price to either come back up or down to get back in. I did this the other day. I sold and bought back in at what I had predicted was going to be the next upswing. However some last second sellers swooped in and dropped the price below my limit. Then it just continued to fall from there. Now I sit and wait for the price to come back up to my purchase price so I can get back at it. I hate waiting. I get antsy. I should have left some money in reserve so I could have at least bought in at the bottom. I got greedy. Now I wait.  This is the consequence on going all in when you are already pending on your actions since you dont have anything left on your pocket to spend on into another positions or even make use of back up plans. Going all in isnt a good idea most of the time but well its your money after all you do have the full control on making decisions that you would made but on wise side dont go all in its very risky and the same time we cant assure anytime with our actions. Ideally, it's better to have a larger capital because you would have more profits or gains however you shouldn't go all in because trading is risky and there's a possibility for you to lose everything. As said, it's good to have fall back or back up plan because of the risk of losing all your money. It's also very important to control your emotions when trading otherwise you may make the wrong decisions if you are affected by your emotions. |
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Why even have PayPal as an option? They're just an online bank
Bitcoin wallet is also an online bank to most of us already. There's no need to compare PayPal and bitcoin anymore, we know what's the different of it and since this is a bitcoin forum most of the answers will be majority in bitcoin too. It's quite clear that Bitcoin is much more beneficial in this case. Just like any other cryptocurrency that promises gaining profits in the nearest future.
It's beneficial in a way that if you don't want to convert it to your local currency there will be two possible results, it's either it will increase due to fluctuations or it will be done. Unlike in PayPal, if you'll just hold there nothing will happen. I think that each has it’s pros and cons. For now, paypal may be the better option when it comes to regular use because I don’t know much entities which accept BTC as a payment while Pypal is pretty much accepted almost anywhere. However, there are many differences from the two making it hard to conpare because they have different functions which vary depending on the need and convience. One may be better for one aspect, while the other for another. |
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It's weird how they're regulating mining's power use though, rather than mining itself. If their plan really is to reduce and hurt mining, this is a rather roundabout way of doing it. This seems like it will have more loopholes and such. Is the writer sure China simply doesn't want to regulate its overall power consumption? It's just weird.
I don't have any strong feelings regarding China's position in the Bitcoin market, but I would prefer the hashrate to be distributed among countries better. We need every country if we want Bitcoin to reach mass adoption.
Then it may mean that China doesn’t want to regulate mining but instead, minimize the power used for it. I find China to be acountry that are control freaks, they always want everything at their hands and within their control so this regulation may just be an act so as to have some control over the mining in China. Although China is really big country that would really help and contribute if they are able to mine at full power, there’s nothing we can do with a regulation like that. |
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One of the reasons why people here on forum are confidently enough to say that Bitcoin will go up is because of what they read on an article from reliable sources. Another thing is that, being confident gives them a good result because bitcoin really increased in just a month. I actually monitor the movement of the market and it’s a good thing to do. We cannot blame them for being confident because that’s what an investors needs.
The people in this forum who are confident were able to say that bitcoin will go up because of indicators such as good news about bitcoin which would make the price go up. There are a lot here who really try to learn the price movements and predict what would be the next by looking at the price charts. Usually when the price goes down, traders are still confident that it will go up right after. |
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LOL I wonder how some one will pay for one burger and pay fee in bitcoins. Fee will be like 100 burgers price lol.
Unless this is solved first, I don’t think that having bitcoin as a payment method in KFC would be the best option. Other than the fee being too high, the confirmation time of transactions take too long. Also, the price of BTC is constantly changing. What’s $5 now may not be $5 in a few minutes. Although this wiuld bring good popularity for bitcoin, I don’t think that it’s possible. |
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Not all predictions are bound to happen or come true. It’s really hard to tell what may happen because many factors may play or affect the price all of a sudden or unexpectedly. For now, it is said that the price is being tested if it can withhold a low price so if it continues to be strong, then expect the prices to rise pretty soon. This is a good opportunity for you to buy more bitcoin especially if you’re into trading.
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I do believe from the beginning many companies will have the mind of using bitcoin and other coins as a mode of payment for goods and services but now because of the high transactions fees and volatility there have to change there plan. Bitcoin Will used by all works of life because of the fastness of transactions and it decentralized nature but mining fees too high.
I believe that too. If I were the owner of a big company, i would also like to have bitcoin adopted as well so that we are up to date and we don’t get left behind. Very soon, there will be more users and bitcoin will be adopted more so as a big company, I would want to be the one of the first. For now, it may even be too complicated to totally adopt it because of problems like the high transaction fees and confirmation time but having introduced it in the compang would be a big step. |
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and if you are a trader you have to trade with bitcoin not USDT shit
and a true bitcoin trader, should be prepared to accept the risk of losing a lot of BTC, maybe losing 1 BTC is commonly experienced by traders. and he is strongly receptive to loss. Losing 1 BTC is really huge, so I can’t blame people for getting scared or losing faith after losing that huge ampunt of money. Some may even get tramautized after having such an experience but it can be said it’s inevitable for traders to lose. One must simply learn to accept and control their emotions. Those who already concurred a loss should accept and move on, learn from their mistakes because this will make them better traders. |
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I haven't determined a definite number or exit price however if the bitcoin price drops to more than 50%, I have decided not to invest in bitcoin anymore from there. It's hard to determine what price would be appropriate since bitcoin still has plenty of potential to grow, the only question is until when. Also, I would choose to exit when I feel like the conditions or environment has deemed for bitcoin to crash. Personally, I've felt like I've already gained profits from bitcoin and have benefited so I won't really feel like I've lost when the occasion arises.
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Hi! ☺️ I just want to ask when to buy or sell bitcoin? I don't want to lose money.. I mean we can't avoid to lose if we're just beginner but atleast we can find ways to prevent it right?
almost the same as you, i still have the fear of losing to start trading in bitcoin. I am afraid my money is gone. because many say never invest anything that I am afraid to lose It is understandable for new trader to feel like that, I did feel the same as well when I was trading at the first time. You should try to overcome your fear by spending small amount that you can afford to lose only. Otherwise, if you cant overcome your fear then you will never start your first trading. Losing money is part of trading activity, you will experience it sooner or later and it will make you to be able to analyze how to trade better. You should take a losing time as a good teacher/knowledge. A lot of those who went along with the bitcoin hype just recently when the price was rising at such a high rate were investing and buying bitcoin even when they did not know much about it. When the price started to go down, they were discouraged because they felt like they lost a lot. Traders know how to control their emotions because it is bound for them to experience ups and downs and see the price go down. A trader must know and accept that there is a risk in buying or investing so that they are able to sell it at the right time, and avoid panicking. |
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I believe a solution to the transaction fee and the confirmation delay problem. This will definitely give a huge hype to Bitcoin that can help it to reach or probably surpass the 20k USD barrier. We all have experienced this annoying hight fees and long confirmation thing from Bitcoin. We even have to bid just to get our transaction confirmed faster. If this problem is solved, I am sure all these FUD thing will turn into a huge hype and will push Bitcoin price to its new ATH.
Many have been bothered by the high transaction fees and long confirmation time and if this were to be solved, then this would contribute to better feedback towards bitcoin and would possibly make the price to go up once people are encouraged to buy more. Less people are buying because of this present problem. Another contributor would if good news about bitcoin were to be spread such as possible adoptions or innovations made, and once the FUDs are gone this would surely have some good impact on the price - or possibly create another hype. |
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What you can do is exchange your bitcoin into fiat once you are about to purchase the real estate or property. Whenever I earn from signature campaigns and want to spend it, I first convert it into fiat. It would also depend on the stand of your country of bitcoin. If they do not totally accept it yet, then it may be possible that your banks do not acknowledge bitcoin. If this were the case I advise you to convert your btc into fiat first before making any transactions as not to raise any suspicions for the authorities.
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I don’t think that Brexit had any effect on bitcoin because it mainly concerned on the european union and does not entirely touch on crypto. Those affected by Brexit are those doing business within Britain and the other countries part of the EU because of the tariffs. Based on my opinion, if a crisis will happen to a country of the major holders of bitcoin maybe we can see the price of bitcoin to drop very fast, if something happen to the economy of US, China, and UK maybe bitcoin will be dead, they are the major countries that supports the supply and demand of bitcoin.
I guess if a financial crisis occurs which would greatly affect the bitcoin users in a country that contains or controls a huge volume of bitcoin, then this may have some effect on the bitcoin price. Especially for countries like China were there is a majority of miners. Just like how if a ban will be made in countries like this, it may affect the price negatively. |
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What do you think should be done?
These days bitcoins are not given directly in campaign but tokens are given and very less campaign give bitcoins purely.
What would you do?campaign or trading?
Do first of which is familiar to you. Just like me, I am much better lending services in signature campaigns than doing trading, but it doesn't mean that I will never try doing trading and doing investments in Bitcoin. If I already have vast knowledge and investments, that is the time that I will start doing trading. Doing trading is not easy. So if you don't have knowledge about it, better do signature campaign so you'll earn tokens or btc and at the same time you will start learning how to trade. But if you're knowledgeable enough about trading, you can still do signature campaign. Anyway, at the end of the day, you'll still be the one to decide. The thing about trading is that there is a risk for you to lose your money especially if you don’t control your emotions or don’t make yourself knowledgeable enough about the coin you buy or sell. The profits are good and it is possible for you to gain profit in a short time if you able to make to buy and sell at the right time however it’s also possible for you to lose your money. While in signature campaigns, this usually lasts for certain periods of time and there’s no guarantee for you to continuously work in one. It would all be up to you, depending on your needs and priorities as both has its pros and cons. |
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Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments
In most cases, experienced traders and investors out there are hoping for Bitcoin to drop in value. This is for a short while. The reason is that they want Bitcoin to be cheaper at the moment so that they could purchase more Bitcoin at a lower price. So when Bitcoin crashed or drop tremendously in value, buy. Do not hesitate because Bitcoin will recover quickly. But when the big cash happens investors will wait to buy at an even lower price because let's face it, after the big crash we are going to go into a period of maybe 1 or 2 years of decline in which time BTC will decline back to under $10,000. This is almost guaranteed because this amount of gains cannot be sustained for such long periods of time. Just like before, the price of bitcoin has dropped significantly and at a long period of time but it rose after. It would be up to you to determine whether it's time for you to cut your losses or continue to believe. When Bitcoin crashes or drops in value tremendously, it may be possible that the bubble has already popped. If the events that occurred would contribute to the popping of the bubble such as the tell-tale signs of panic sellers and profit gainers, then it may dictate that bitcoin has reached its end. However, if it seems like bitcoin still has a future then continue to hodl. |
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It is the possible when gambling is available for free of cost. It means you do not need to spend money for gambling at the same time you could never expect making money from gambling. In this case gambling will turn something similar to playing video-games or watching a thriller movie.
For recreational purposes, lots of proven methods are available hence I do believe there will be no need of considering alterations to gambling behaviors for recreational purchases. Let the gambling serve its original purposes.
I had the same thoughts however most people gamble precisely for the money. The element of fun and entertainment would be gone for the gamblers if there weren't any money involved. Perhaps if a token system were to be created, which would be similar to money however it has no monetary value involved. In a way, I think that gambling is already somewhat recreational because people do it to have a good time and even 'relax'. Some people have already resorted to gambling just for fun and to enjoy themselves. |
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While we can't force our beliefs on everyone, we may promote this kind of thinking and goal to each bitcoin user. It may be true that most people may be here for the money, but we can change that by convincing them that there's more to this than just money. We can even start small, it doesn't have to big like donating millions or developing a community pool. If one were to give out to a charity, that would be a big help and this would contribute greatly. I feel this should be instilled to everyone, and not just to those who get involved in bitcoin. This should be promoted throughout the world so that we get to help each other.
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what do you think the exact reason about this ? - thanks for sharing ! more power
Well, there are no major cause than the normal market fluctuation as a result of the forces of demand and supply. There has been a high demand for ethereum at the detriment of bitcoin as a result of the high transaction fee couple with FUD in some countries like korea. Along with the FUDs and high transaction fees, I think another reason why the bitcoin price went is because all the new and FOMO buyers has stopped buying. It reached a peak and rapidly increased last year because there was a sudden surge of new buyers who didn't want to miss out on the hype. Now, bitcoin is settling on the price of those who still continue to support and are strong hodlers. There is a continuous retracement because of this support by many bitcoin users. Despite the numerous FUDs and crazy transaction fees, many still continue to HODL so it remains at about $13K. Expect it to rise again and possibly reach another boundary of $20K possibly. Soon it will be time for the others to profit. |
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I also think that we're still at the boom stage, and even with the recent hype over bitcoin all over social media, it still hasn't gained total popularity. No one may ever really tell when the bubble may pop. It may depend on the performance of bitcoin for now, as it seems to be tested how it will fair over the price drop these days. If it recovers, then it's possible for the price to rise right after. I'm not quite sure if we're nearing euphoria but perhaps when bitcoin hits a high amount and people start to take their profits, then we might see the impeding doom of a bubble that will pop.
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