for now i don't expect either going significantly up or down.
i am expecting the same fluctuation with small ups and downs for at least 1 more week before anything else starts to happen. today is another test of the bottom resistance (the 4th time testing it) and each time the whole cycle is becoming shorter and shorter. if the next recovery from this (in about 3 days) goes beyond $17k then you can expect a rise otherwise another bottom test will be on the way.
That's a different way of looking into the price. I've also noticed that the price has been experiencing frequent ups and downs recently, not usually a significant marker or boundary. Ever since it went down and gone for a correction, this has been the trend - which is actually healthy since the price has spiked up too fast and too high just last year. I've been expecting for the price to go up and rise anytime soon but that might be the case for now. Bitcoin has been resilient so far and has withstood the bottom tests. |
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In my country, I've heard of some problems which arose in some banks who won't let people open accounts if it were found to be that their initial income came from bitcoin. This may be just a rumor, but it's true that when you have been funding huge amounts of money, you may be questioned or investigated for money laundering. The thing about bitcoin transactions is that it concerns huge amounts and this may raise skeptics or red flags for the authorities.
Of course it does not necessarily equate that bitcoin = money laundering. It may be used as a method for such, but this does not define bitcoin as a whole.
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Bitcoin helps more people to work at home but receive their salaries abroad. It can be much more profitable. As for the Philippines, the people themselves are to blame for that don't have the money. Who you were forced to choose a dictator Duterte President. Dictators don't like bitcoin and therefore you will soon and bitcoin will not help but that is another topic.
You shouldn't be blaming the people in the Philippines for not having money. That would be like blaming the poor for being poor, while it is a matter of power and privilege. You shouldn't also blame Duterte. He may be a dictator type, but as of now he still does not have a final stand for bitcoin. We cannot say for sure if he does not like bitcoin, but in fact the Philippines' central is slowly starting to accept and adopt. as for OFWs, I guess in a way it may help them however transaction fees and times may be problematic. Also, the price frequently fluctuates. I find remittances to be already convenient. |
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Bought BCH coin during the pump and dump. Converted my BTC to BCH during high price and suddenly the price fell and lot a of 100s. Since B2X fork was called off many people started acclaiming BCH would overtake BTC and BTC is going to die and blah blah. Never listen to such moron. Do your own research and go by your gut feeling. Since I was a noobie back then I have leanrt how the market works now.
There were a lot that were affected by the BCH pump and dump, and noobs who lost a lot of money because they fell for the FUDs. Although there were those who were smart enough to ride the pump and dump and were able to profit, there were those who got lost because they simply followed the trend. In fact, there are really a lot who fall for FUDs, especially if they're new in the trading scene. It's still best to determine for yourself instead relying on what you hear and what other people say. Never believe in everything you hear instantly. |
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Like any other currency, bitcoin is not redistributing wealth to the common mass. However it has given an immense opportunity to the educated and tech-savy mass. People who are good with computers can still earn bitcoins or other currencies by providing various service to the crypto community. But that doesn't necessarily mean fair distribution is happening. Only people with a certain set of qualities are eligible to earn it. So it is giving that particular set of people a chance to live a decent life but not to all levels of society.
I would agree. Bitcoin does not redistribute wealth because not everyone from the common mass are able to enjoy wealth or reap profits from bitcoin. Especially those who come from the low class are unable to access bitcoin or other cryptocurrencies because they cannot afford to use internet or any other device in other to connect and do so. Bitcoin may give opportunities to some, but it does not entirely redistribute wealth. Also, even with bitcoin the rich are still rich. Even with the presence of bitcoin, it does not change their financial status. Because of their sources, the rich are able to access bitcoin more as compared to those who come from the lower class. In a way, it makes them even richer because of this privilege that they have. |
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Now, if you happen to be a residing citizen of a country that is banning Bitcoin will you still discreetly involved with it in the face of some possible sanctions?
It would depend on my perception of enforcement action. Are they packet sniffing on individual citizens? Would I get thrown in jail for making a Bitcoin payment? Most governments are stretched too thin for that and are probably just interested in a blanket deterrent if they institute a ban. The use of VPN and TOR might be enough to hide your activity. The real problem is when the governments start banning VPNs and turning TOR into a honeypot. Decentralized mesh networks can't come soon enough, but at this point, they still feel like a pipe dream.  Even with VPNs and TOR, I'd probably still not use bitcoin or any other crypto once a ban is declared in my country. It might not be worth it to continue using bitcoin if an individual would have to be discreet or hide their activities. Although it's not likely for the government to check on each user individually, it would still be difficult to use bitcoin discreetly. With the possibility for all of the local exchanges to shut down, it would too tiresome and a hassle to make transactions. Even the mere possession of bitcoin may get you in jail if a ban were to be constituted. |
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I guess it would depend on the nature of the crisis and people's behavior during the crisis. I'm not sure if many would run to an intangible asset once a crisis occurs. If people choose to panic sell and dump all their coins, then the value would drop or possibly crash. Gold may have been able to withstand a crisis however bitcoin may not be that resilient despite that its decentralized. Unlike with fiat, it does not have the same kind of use for people yet so it's hard to tell how it will fair in a crisis. The thing is, it's going to be affected for sure in any part of the world that it is in.
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Bitcointalk Username: orions.belt19
Rank: full member
Current post count: 522
BTC Address: 3Bf62ofFiXGh5Z1BkPiEzFcZ8D7XELNU6L
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Bitcointalk username: orions.belt19
Rank: full member
Current post count (including this one): 523
BTC Address: 3Bf62ofFiXGh5Z1BkPiEzFcZ8D7XELNU6L
Wear appropriate signature: yes
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I don't know why people think that bitcoin will go down, all I can see is more investors joining the community which makes cryptocurrency more solid.
I will only listen to people providing reosonable arguments and not to those spreading predictions.
The cryptocurrency market will remain for long time, and the wise thing is to profit from it not just wait for it to vanish.
More people are getting into crypto, but not necessarily Bitcoin. Bitcoin's percent dominance has been on a steady decline for some time now. That means more money is coming into crypto as a whole but going to other alts more than it is to Bitcoin. Bitcoin's network has become a joke. Transactions are slow and expensive. It is increasingly obvious that a flippening will happen. There are many alts that are better at being Bitcoin than Bitcoin is, so it really seems it's only a matter of time. ETH, XRP, BCH and LTC are the most likely alts to pass Bitcoin in market cap, and it may come as soon as 2018. Bitcoin is the most popular among the cryptos and a lot of investors want to get involved even when they only have minimal knowledge on bitcoin or cryptos. A lot of altcoins have potential such as bitcoin does and investors should consider to expand their investments. Even those who claim that bitcoin is a bubble don't even know or fully understand it, and just see it for it's increasing price. They compare it to the previous crashes and bubbles without even considering how bitcoin is different and has surpassed boundaries. |
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The only reason that people are still using bitcoin is that it is widely acceptable as a currency. Bitcoin is growing slow, with expensive fees and on top of that it is not anonymous. Maybe soon it'll utilize some new technology to speed up transactions, hopefuly this will reduce the fees also. But still, it will be missing the crucial element of privacy.
When people realize that all bitcoin transactions are public, and soon governments will enforce tax, this will cause bitcoin to slowly lose its value. When that happens, coins that offer anonymity and privacy will start to grow faster.
How is it a widely accepted currency? I don't think it is since it's not even recognized in some parts of the world. Bitcoin is decentralized so basically it's open for use to anyone, unless declared illegal in your country. Actually, bitcoin has been rising pretty fast. Tax enforcement is bound to happen especially since bitcoin is starting to be adopted and has greatly impacted the financial community. It's also growing at such a fast rate because it has boomed all over social media - there are already memes about it. 2018 is going to be a year for a lot of growth for bitcoin. |
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I'm sure bitcoin will resume it's bullish moment in 2018 but it depends on what altcoins are you holding. I have few altcoin where the team behind them are going to surprise us in the first quarter of 2018 and some are even on the start of January.
There have been some promising altcoins out there which are worth investing on despite bitcoin's continuous good performance. It's on a bullish trend so bitcoin is still worth investing on. Why not invest in both? It's always good to expand your portfolio. Both have plenty of potential to grow, however it's a matter of choosing and assessing the best altcoin. |
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It is never too old to invest. It is like saying is it too old to invest in stocks? You can invest for your future or you can invest for family. You can invest to try to become a millionaire. All options are open. Take caution and do your own research.
Age doesn't matter when it comes to investing. You may see investors who still engage in investing (not only with cryptos) despite their age. Being old doesn't prevent you from doing so and being a well seasoned veteran of investing is actually an edge because of all the experience that may have gathered throughout the years. There's no restrictions when it comes to investing - just some risks. Good luck, OP! |
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are you looking forward to make any real life use of DNX tokens?
Yes DNX tokens can be used to exchange or trade in markets This is the best part and the uniqueness of the tokens as they will represent a real life currency in the dencity world and it will be a place fully based on digital tokens and other things which are mentioned. The project can become a very meaningful one in the future as more and more people will join it every day. Having this aspect truly makes this project a unique one. Not only does the virtual community will bring entertainment, it would have some practical use since the tokens may be used and exchanged or even traded in the market. This allows the people to have some real life application, thus making it even more enjoyable. |
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Can you give some details on how can money be earned it Dencity?
You can earn money on Dencity by various means - You can rent your property
- You can sell various things in virtual space, rent property for recreational events, conferences
Investing the money in real estate is a very high profit investment as the rate of properties are increasing every day like bitcoins and if a person invests in it they are sure to have profit in the future. One can rent their property here which is a very good for peoples who have properties in different parts of the world they can manage all of them here with is a project. Much like bitcoin - real state is really ideal for investment as it is promising for long term. Most lands would accrue in value in the future especially if it developments are made on it. This would give one promising profits if you were to invest in real estate. Since this would be a mean for you to earn money on Dencity, then it is a good way of earning profit. |
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This project is different among the others because it will provide a different experience and opportunity for its clients. With it's unique concept and well executed roadmap, this will surely pave the way towards the project's success.
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Have you even tried using a faucet before, OP? Because I have and I don't think it's worth it.
Based from my experience, I considered it as a total waste of time and effort because of the meager earnings I got from it. It's too time consuming and had too many ads. Even if bitcoin is of high value right now, faucets will only give you so little. The time and effort you give does not compensate to the amount you get. Unless you have great patience and unlimited resources and time, I would advice to stray away from faucets and to just use your time with other methods of earning bitcoin.
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OP did mention that it was for a review and if you were interested, just shoot him a PM or contact him via telegram. If you guys backread, may nakagawa na ng task at tapos na daw ang project. I don't get why you guys keep asking the same questions and demand for details about the project kung di man lang kayo nagbabasa. Hello guys. This person is legit. Im working with him now and got my first payment. Im also a filipino try him guys i earn big from doing easy job. Mataas sya mag bayad at agad i process ang payment pagkatapos na pagkatapos ng task. Sir if you need my help just tell me. I can give details to those who are really interested to work with us. 
tapos na po yung task eh.. naka 40k ako sakanya sa 4days.. good payer po at madaling kausap.. hindi nako nakapag check ulit ng account ko kasi na busy ako nag trabaho sakanya malaki kasi yung offer nya.
It's important to be cautious of scammers but we should try to know more first before making any assumptions or jumping into any conclusions. We should just watch out for red flags such as when passwords or private keys are being asked. Let's have the benefit of the doubt and ambiguity should not equate to fraudulence. Since the project is done, OP should just lock this thread. |
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So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?
We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.
The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.
Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?
I highly doubt that this was the case. So many people would have to pull out for this to be the case. It's possible that it's the reason that the entire downfall started, but I don't think it's a major reason. If anything, it's mostly people who are nervous after they see BTC drop by a couple of hundred. Regardless, we're on the come up again, as we always have been after drops like these, and I don't think we'll be affected too much by this drop in the future. That's true. It may have some effect however only a number of people must have done so, and therefore created only a small impact. There are other factors which have contributed to the price drop. Also, it was beneficial and healthy. The price was bound to go down anyways since it's been high for quite some time already; there was no surprise that it went down and it's possible that the holiday season was purely coincidental. In fact, I remember a number of people who predicted for the price to increase come Christmas season and once the year will end. Turns out that they were wrong. |
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