We are very close to get back to $1200 level and that can be achieved in next couple of days or weeks but touching the price of $1300 may take certain time but if we find more investors in coming days then it can boost the price to that level.
It has gone over the $1200 level today. I see that a lot people focus on reaching the $1300 level again, but the main point is that this peak ATH was purely the result of one large trader triggering positions from other (smaller) traders. Not long after that, the same trader did exactly the same thing, but then in the opposite direction, which resulted in some sort of a flash crash. If that trader didn't pull the trigger, we wouldn't have touched the $1300 level. |
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calling bitcoin a ponzi pyramide scheme
That's what a lot non Bitcoiners are doing - they place Bitcoin exactly into that category. I know a few people around me that think exactly like that, and no matter how hard you try to explain them the benefits of Bitcoin, for them it's already clear and nothing can change their point of view - Bitcoin is and will remain a ponzi scheme. do some research before you make a fool of yourself
In most cases they think they have done so, but the opposite is true. People taking such stance are just showing their high level of ignorance, and nothing more. It's almost embarrasing. |
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Gold will still be the best for long term purposes rather than bitcoin
It depends on what these 'long term purposes' that you're referring to are, since Gold can be used in various ways. If we're talking solely about returns, which in most cases is what most of the people here care about, then with Bitcoin's potential there is no doubt that it offers people a far better profit potential than Gold. because bitcoin can change its price anytime without giving any signals
If you are long term minded (let's say 3-5 years), why would you care about fluctuations that happen within that time frame? The only thing that matters for long term holders is the end result. but in gold its price is so stable
Not entirely true. Just spend some time scrolling through various Gold charts, you'll notice that even Gold can bounce up and down (e.g. experience volatility) occasionally. and you can earn money if you invested a lot of your wealth in gold and hold them for about 5 years or more.
Also, not entirely true. It all depends on the moment you enter and leave the market. Gold isn't an asset that will grant you miraculous profits because you hold it for a certain number of years. It's a market (just like any other market) that is driven by supply and demand. There is no such a thing as making profits easily. I just invested small amount of my money in gold because i'm still learning how can i make money in gold.
It's up to you of course, but if I were in your place, I would invest time and money into knowing how to profit from Bitcoin instead of Gold. |
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I wonder what made the OP think about such price in mid march? however manipulating the price is really a hard thing to do with bitcoin because of the heavy liquidity required, so the slow price increase shows there are real and legitimate demand for bitcoin. and don't forget the fact that BU and their hard fork threat is not passed yet but we may indeed see some unexpected increase in both difficulty and price over the next 2 weeks.
OP is well known for his extremely over-exaggerated predictions. All speculations about prices higher than $2000 don't make any sense when we're still far below that level. Especially in current circumstances where the main point of frustration for people, is the nonsense around a freaking potential altcoin called BU. This negativity will only go away when Segwit has been activated. In other words, we'll likely to remain in current situation for plenty of more months. |
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Now bitcoin is $1189, its mean bitcoin is near about $1200, and if bitcoin continuously rise just like that and not go back than definitely in this month bitcoin would be reached at $1300.
It's the reality that we're living in. As we speak, there are too many uncertainties around the potential hard fork to just hope that the price will go up without falling back a few steps. If you look at how the market has been moving lately, then there is no reason to expect anything else in the coming weeks. My focus is pointed at a viable scaling solution, and not the price to go up higher. Every increase that we'll be experiencing without a scaling solution, it won't mean anything as we can fall back at any time. I wish bitcoin cross $1300 hurry up, because it is my first time when i see the bitcoin cross $1300.
Huh? The price went over $1300 last month...  |
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What's the lowest point you think the price will go in the coming days/weeks? From the limited experience that I have when it comes to TA, it would probably fall back to $1100 which I believe will not be broken.
At this point it's a bit difficult to say something when things can change spontaneously at any moment. Panic regarding the potential hard fork comes, and it goes, and it comes back. That's what makes things very difficult to predict. My personal thought is that for now, the $1100 level will hold, but I can't say for sure how long it will hold. Support at this point is very weak, and there is no indication of this to change any time soon. |
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So we're comparing a company with the amount of gold in the world.
How about we do this for "oil marketcap" , or even better "coal market cap" if we run out of oil.
You're comparing the value of timber (timber guys not tinder) with the share prices of IKEA.
It's perhaps not the best comparison, but it's all about the idea. -------------------------------------------------------------------------------------------------------------------------------------------------- No one beside a few paid shills will support BU and everything that it stands for. Ver has lost its credibility, and so has his fellow keyboard gangster Jihan Wu. If they want to fork Bitcoin, then let them have fun with their altcoin. The majority of the community and services such as exchanges stand firm behind Core, and that's what's important. But I am fairly sure that when things start to get serious, and a fork seems imminent, that pools will pull out and shift to either a neutral perspective, or start to signal Segwit support. |
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Im broke as fuck and I dont know where can I earn big amount of bitcoin. I only uses the signature campaigns here at the forum and transfer it on trading. Im a small time trader who is wishing to have luck in trading.
There is no way to miraculously earn 'big amounts' - just forget about it. It's either you needing to buy yourself a certain part of a whole Bitcoin, or you must be creative and scoop up smaller amounts that eventually will add up to a decent amount. Judging from what you are saying, the buying part isn't an option that gets your interest, so you must focus on gaining bits through signature campaigns, and/or you must offer you skills (if you have any) to the public as service. If you remain holding the attitude you have now, you won't come anywhere... |
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Nope you can see today there are many countries that have banned bitcoin because they assume that bitcoin harm them. but this time it is still above the bitcoin price of $ 1000?
Please, from the "many" countries that have banned Bitcoin according to you, list at least 4 or 5 of the largest countries that have done so. I am talking about a total ban, and not a ban that only applies to financial institutions or businesses in general operating there. In most cases the term ban is greatly exaggerated by news sites, just to attract potential readers. Don't swallow everything so easily. |
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It looks pretty toppy to me at the moment. Maybe we will see some dumps soon and retest $1000.
After that the bull run can continue.
If we follow the repetitive patterns of the market, then you definitely have a point here. But there was also a good amount of resistance each time the price came close to $1100, and as you see, the price kept going up all the way to nearly $1200 right now. From a trader's perspective, it wouldn't hurt to cash out some profits in case you bought around the $1000 level, which is exactly what I did. Especially when you consider that nothing has changed when it comes to all the uncertainties around the potential chain split. I wouldn't be surprised to see another downwards movement in the coming days. |
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Bitcoin allows you to transact outside the banking and governmental system, but the thing is, you still rely on internet to transact. Exactly there lies another point, who controls the mobile carriers and ISP's, has the power to put a stop to all of this. If the internet there is shut down completely, the economy there, which already is the case for a large part, will be a physical (cash) money economy.
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I am sure that this thread and my posts are already seen by those that have the ability to do something about it (or they must have missed it, but that's less likely). Post from that user was reported yesterday, which again, should be enough to get it removed. It just confirms that there is a drastic need for someone to be promoted to global moderator from the most active staff members. Because as it is, they do a terrific job and can handle accordingly in a quick fashion.
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All these facts shows that bitcoin is becoming a real currency and soon we shall have bitcoins and altcoins for everyday usage also. The increase in he market cap for the digital currency shows the future is purely bitcoins.
In order for the average joe to ditch fiat (could also be partly), Bitcoin must be able to offer people a similar to fiat experience when it comes to settling payments and everything around it. Average joe type of people think like this; Why would I buy Bitcoin to spend it on stuff, when I can do that already with fiat? It's a simple way of thinking, but that's exactly how these people are. With Bitcoin you first need to obtain it, where after that you can spend it on things. Why would an average joe type of person take these extra steps? |
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The biggest problem I can see, is that cryptocurrency world is incredibly unpredictable, 1 month is a really long time for any crypto price chart
That's indeed a major problem. It's actually such a problem, that it is heavily contributing to the volatility that we're experiencing from time to time. People here are spoiled when it comes to pumps and dumps, and are basically expecting all kinds of things to happen within such a short period of time, and that time on time again. If nothing is happening, you'll see threads pop up asking what the reason is for the price to not move up further, and all other bla bla that comes with it. If you look at stocks or other non Bitcoin related investment options, then people are happy to make gains like 5-10% per year! Here if you say that you make like 10% per month, then people are just okay with it since it's nothing special... 1 month is peanuts, it's dust, nothing, nada - It's a mentality thing that needs to change. |
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Litecoin getting signaled with segwit activation helps go higher in value than the past rise of few of the altcoins such as the eth and dash. The growth seems to cross 50% and more in a very short time. This might now happen with litecoin.
Right now it's just the beginning. I expect Litecoin to touch a price anywhere from $15-$20 in the coming months. I must however state that it will be a short term price increase, where after that the price will fall down and probably settle somewhere around the $5-$8 levels. It will be nothing more than a test since Litecoin doesn't bring anything else that can be seen as useful. Litecoin is just there, what else can you say about it? |
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As expected, nothing has been done yet. It seems that the only members of the staff that are doing actual work are the staff members. Everything that requires action from above staff member just takes an awful lot of time.
And for those wondering; I am not double posting to bump my post count - the campaign doesn't pay me for posting here.
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What would happen if some of the customers sued Bitfinex? Bitfinex should be offering some kind of compensation to customers, not just returning their money.
People should have been compensated in coin quantity and not USD value equivalent. Bitcoin right now has more or less doubled in value, and thus these people are basically screwed while their problem at the same time is "solved" by Bitfinex. If I was a trader there with a huge load of coins, and I got compensated only in USD equivalent, which is exactly the case with all victims, then I would definitely put everything to work to sue them. |
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I think the biggest mistake I and many trader face is the unstable psychology of trading because sometimes we buy an altcoin and then the price of altcoin increases or decreases our psychological impact, leading to mistakes in buying or selling decisions. Traders often call it dump or pump, this is a good time to make a profit but also can lose quickly if the mentality is unstable, we will make a mistake. Psychological fear of losing money is always the main reason leading to loss in trading sessions
It depends on the trader. What you are talking about is basically happening to people just starting with trading, or that they are not comfortable risking their money. Main point of importance is that you never use money that you can't afford to miss in your private life. If that's the case, then there is less for you to *potentially* worry about. People over-investing is the main cause of a lot problems when it comes to them losing. If the price goes down, they will just take the loss by selling, and directly also prevent themselves from suffering further losses. That's what happens when people play with money that isn't meant to be played with. Some even buy back at premium prices in an attempt to recoup some of their losses. But as soon as the price starts going down, they once again will sell at a loss... It's a cycle. |
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