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661  Bitcoin / Bitcoin Discussion / Re: Bitcoin as Safe Haven? on: October 17, 2019, 03:38:34 AM
Bitcoin is still far away to be claimed as a safe haven, look at the volatility.
If you want to buy assets in which the price will not decline sharply in a short time, just buy the gold bar.

Bitcoin can't save a country in war or chaos such as mentioned, it just a medium of exchange, can't be eaten and useless if there's no one want to sell their food for bitcoin.

Nothing is heaven in this planet, If you want to stay heaven then you have to be dead

I'm literally laughing out loud reading this  Grin Grin
662  Economy / Trading Discussion / Re: VinDAX is number 1 exchange on coinmarketcap on: October 17, 2019, 12:21:27 AM
I wouldn't say they are as safe as Binance, especially because they list a lot of ICO/IEO projects that are not so good.

Looking at how they conduct their launchpad, it's fair to say that they want to get as much money as possible. I wouldn't be surprised if you have withdrawal or deposit problems.

Deposits will never be a problem in any exchanger, especially a vague one.
Vindax is a trading platform registered in Vietnam that does not accept any other deposit method than cryptocurrencies. But right now vindax listed at 36 based on CMC adjusted volume, every fake volume will be recognized in the end.
663  Economy / Speculation / Re: [2019-10-16] Bitcoin: Bearish Mood Strongest Since February on: October 16, 2019, 04:30:52 PM
I've bought bitcoin at $7982 quite satisfy with it but still waiting for a lower price, $7700 will be a good price to buy the dip. Bitcoin still holding its territory within $7900-$8000, probably will going lower in the next 24 hours before a bounce back, just don't wanna miss the opportunity to buy more coins fraction.
664  Bitcoin / Bitcoin Discussion / Re: What needs to happen in order for bitcoin to replace gold on: October 16, 2019, 03:06:11 PM
Bitcoin is a digital form that requires an internet connection to validate it.
Meanwhile, gold is a physic form, has inherent value and a lot of usefulness in daily life.
Bitcoin will never replace gold, the same thing in both is can be used as a store of value, being used as currency? Not really practical.
665  Economy / Speculation / Re: Crypto Market Update: BTC continues to drop lower, where next? on: October 16, 2019, 01:23:20 PM
A week has past since this article was created and the market has proved his analysis wrong. I have to admit it that I just read his article now only to find out that I wasted my time, this wasn't an educated analysis at all and he only had used RSI as an indicator whoch he didn't even mention in the article. If you are reading the article now you might just see that it might just be FUD so that the OP will get the 7,000$ price he wanted.

How has it been proven wrong? The only thing wrong is that I expected lower within 48 hours; doesn't mean it still doesn't get there. Here we are back to $8100 after a brief rally. RSI is just something I keep an eye on for divergences, not really used.

Yes, it still doesn't get there, bitcoin still holds above $7700 support, the lowest price today was $7920 even though there is a strong-sell indicator on trading view, back to $8000  the moment. I'm aiming for a price lower than $7800 for weeks but bitcoin seems to persist until this point. Any thoughts where it headed next? Hold above $8000 or dip to $7700?
666  Economy / Speculation / Re: Bitcoin Halving and price History Analysis on Chart on: October 16, 2019, 10:38:36 AM
I also see the all-time lows, there's someone who made a comparison with that before and it's interesting if you are a holder that starts to lose hope.


Original source: https://twitter.com/1stcrasscitizen/status/1079567859548807173?lang=en
Image source: https://www.reddit.com/r/Bitcoin/comments/abznev/judge_bitcoin_by_yearly_lows_not_all_time_highs/

The third halving price might be higher than the ATH but when?

both ATH and the lows this person is talking about are equally bad numbers to look at because they are both fake prices that are the product of overly excited people buying or selling too much respectively. in fact, when you are looking at those lows you are also looking at a "bubble" but in reverse. a while ago I posted something about the reverse bubbles and how $3k (the low of this cycle) was, in fact, a reverse bubble. we later saw how it "reverse popped" as the price jumped up to $2000 in a matter of hours.

Which price tag did you refer to? Better to see the ATH or the lowest as it's clear as the standard measurement for new adopters to assess bitcoins growth over time. If it's not the ATH nor the ATL then it's the "mean number" of bitcoin price every year? But it won't be accurate, even in the market charts only show ATH and All-time lows
667  Bitcoin / Bitcoin Discussion / Re: Bitcoin Legality effect on: October 16, 2019, 08:57:39 AM
The best example is Japan after bitcoin legalized, it being used as means of payment just like fiat currency no more no less.
The reality is bitcoin not used by all of the citizens although it is decentralized, people can't use a currency which constantly fluctuates, the value of fiat currency has to be steady, but not Bitcoin.
668  Economy / Economics / Re: Fiat currencies on: October 16, 2019, 05:31:12 AM
This is because the dominance of the American Dollar is still the king of world currencies so that all domestic exchanges still use USD pairs. But I am among those who believe that the US dollar will collapse along with other fiat money which will be replaced by digital money, Bitcoin et al.

Nope, USD will not collapse even in another century and bitcoin can not replace fiat currency due to its scalability issue.
USD backed by the U.S. government which symbolizes economic power, as long as their economy is working just fine, the USD will remain a strong currency compared to other currencies. Moreover, the U.S. government has tons of gold reserves (4,580 metric tons of gold bullion) in fort knox as the back-up plan.
669  Economy / Economics / Re: Cryptocurrency, KYC and Terrorism on: October 16, 2019, 04:59:18 AM
Even though it might not be right, it can happen one way or another.
KYC is obliged if someone has to deposit or withdraw fiat currencies.
All of those ICO or IEO which requires KYC is not necessary to submit your id docx to them unless the bounty hunters thought it's alright to hand over private docx which can be misused
670  Bitcoin / Bitcoin Discussion / Re: A better way to bring about adoption of blockchain and crypto-currency on: October 15, 2019, 10:28:04 PM
Recently, the Japanese crypto trading giant called coincheck cooperate with some gas companies in Tokyo allows the consumer to pay their gas bills in bitcoin and get rebate promo. That's one way to promote bitcoin, however, it can be done if the government regulates bitcoin utilization.
But there are some countries banned bitcoin being used as a currency but allow to trade it, citizens still can use it to pay something under the radar though. Exchangers and bitcoin users can promote bitcoin through community gatherings.
671  Economy / Trading Discussion / Re: 3 things should not be too in trading on: October 15, 2019, 03:26:03 PM
These are clear cut rules that if taken seriously will benefit the trader greatly. Any trader that is trading should put more emphasis that he/she need not to trade on a coin that already has too large volume.  At that point its the peak and saturation point where whales will start pulling out their funds and the token will dump afer that. For the good and benefit of traders they should trade on  coin that has a moderate volume.  Not too large and not too small

Bitcoin has the largest volume, and people still find it enticing to trade bitcoin all the time, it still has greater value compared to any other coins in the market.
Being too large isn't an obstacle for bitcoin to attract many people, whales, even institutions join into crypto trading space, in fact; bitcoin is the main reason why we are here in the first place.
672  Bitcoin / Press / Re: [2019-11-10] CFTC says Bitcoin AND ETH are Commodity on: October 15, 2019, 08:58:20 AM
I don't really like CFTC's sorting of the coins, I think bitcoin needs to be in its own section, but what you are saying does make sense.

It makes sense, all the cryptocurrencies in the market are commodities just like bitcoin, there is a major difference between crypto and securities like bond stock, people buying stock in a corporation expects to gain profit from the company's success. Securities providing companies and government with capital and investors with the potential for returns.
When a coin was an ICO, yes it can be categorized as security, but over time it will change become a commodity.
Tarbert acknowledges “ambiguity in the market” on the status of many coins, but says that ultimately “similar digital assets should be treated similarly.” If the underlying asset, the original digital asset, hasn’t been determined to be a security and is, therefore, a commodity.
673  Economy / Speculation / Re: Bitcoin Hold on: October 14, 2019, 11:39:22 PM
If someone already has a target to hold, let it be. But in many cases, Bitcoin will reach a higher price which makes people regret like; ahhhh if I wait for a little bit longer will get higher profit. Or another case waiting for so long, procrastinate to sell but then the price plummeted in a short period.
674  Bitcoin / Bitcoin Discussion / Re: No other currency on: October 14, 2019, 05:09:51 PM
Then all of the market shares will just get into bitcoin, there won't be diversification, imagine all of those market caps fused into bitcoin market cap. Bitcoin should be able to reach over $50,000 at the moment, despite the lacking of scalability.
675  Economy / Speculation / Re: BTC- When it back to 20k on: October 14, 2019, 01:29:26 PM
Bitcoin probably recover to $20K in 2020 after halving or at least in 2021, one year after halving. Bitcoin price proven has reached new ATH a year after halving. Just be patient waiting for it.
If trading is not your expertise,  do not gambling with it,  just try another way to earn capital, such as loans or pawning.
676  Economy / Speculation / Re: Bitcoin Price Prediction 2020 – What to Expect? on: October 14, 2019, 09:47:08 AM
The best price I can expect probably recover to the last ATH, bitcoin in 2020 judged by its price by the end of this year, if somehow can reach over $10K, then $20K in December 2020 quite reasonable. we have 2 months before end of the year, many people have predicted bitcoin going bullish or bearish, but I believe bitcoin can reach at least $10K.
According to bitcoin price history, it will achieve new ATH one year after the halving, in 2021, we will discuss it later after halving take place.
677  Economy / Speculation / Re: Bitcoin Price Could Soon Surge by 20%? on: October 14, 2019, 06:39:40 AM
Not anytime soon, the market has been at $8K resistance for weeks but bitcoin even struggles to reach $9000. 
Yeah, bitcoin might stay at this stable phase over a month as its value is directly proportional to capital inflow, at least better than a dip to $7K.
$8K maybe the new bottom line generally because there's not a lot of new adopters entering the market right now.
678  Bitcoin / Bitcoin Discussion / Re: The One Thing That Could Stop Bitcoin on: October 13, 2019, 10:09:14 PM
Nope, mining is not the reason, moreover, bitcoin mining in China is no longer conducive because the governments intensified their efforts to crack down on bitcoin miners and some of those miners have already moved out their mining facilities from China. Their pools getting bigger due to many people from around the world joining the mining pools.
Nevertheless, something that can stop bitcoin is just the internet blackout for good, even if people do massive sell-off, bitcoin still exists and works properly.
679  Bitcoin / Bitcoin Discussion / Re: Bitcoin coins are losing popularity? on: October 13, 2019, 06:21:06 PM
The popularity of Bitcoin is not measured by low-income countries' acceptance but rather measured by huge influx of new adopters join the bitcoin community, mostly come from first-world countries that hold the biggest volume of bitcoin trading market. Those countries have the biggest role to make market movements or in other words; manipulate the market to pump or dump it.
680  Economy / Economics / Re: Fiat Money Losing Worth, Bitcoin and Gold Getting Important on: October 13, 2019, 02:43:36 PM
The last global recession was in 2009, that's coincided with the rise of bitcoin, so I'm waiting for the next "global recession" to see the implicate towards bitcoin, whether it will pump bitcoin, dump bitcoin, or just like any other day in the market.
If fiat currency losing its value, gold should gain more value obviously, last year's gold price was $1223/ounce and today is $1488/ounce, it tends to increase even during trade-war. Considering bitcoin as digital-gold with its advantages and disadvantages, it should thrive as well following gold steps.
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