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He's right to a certain extent because "faith" is always a part of the picture, but 100% faith? It's the classic "Bitcoin has no use" the classic greater fool argument being thrown at it. It's the typical arguments of people stuck in their wall street bubbles without knowing much of the things happening outside their bubbles.
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Tip: if you're not really really knowledgeable in terms of security, I heavily suggest against using paper wallets. There are simply so much steps you could fuck up that could potentially end up with you leaking your wallet's private keys. You're better off purchasing a cheap but reputable hardware wallet from either Ledger[1] or Trezor[2] if you're planning on holding long-term. If you can't afford them yet, use a reputable non-custodial wallet such as Electrum[3] for desktop or BlueWallet[4] for mobile.
[1] https://ledger.com/[2] https://trezor.io/[3] https://electrum.org/[4] https://bluewallet.io/ |
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Ah, Roubini. Name a worse Bitcoin skeptic than him; he's pretty much just repeating everything he's been saying since 2017. It's like listening to a broken record of a song that no one likes to hear.
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Yes, but it was the same back in 2017— there were also a lot of bullish news that made A LOT of people think that "this time it's different" and that the price wouldn't retract back down. But yet, what happened? Pretty much the same thing that happened in the past halvings preceding 2016-2017.
tldr; I think the same will happen, but there are no guarantees and there's always a chance that "this time it's different".
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Obviously, the bad side is you paying the fees but ending up losing the trade as well lol. It's pretty simple. If you're going to make longer-term trades, just make sure the profit margin you're potentially going to get is going to cover the fees you're going to pay.
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Yea, I'm pretty sure that at some point, the bitcoin price movement in a bull/bear market wouldn't be almost the same as the past bull/bear markets. It's pretty much inevitable. A better question is: when will it break the trend? I totally get the "this time it's different" argument because we have far more adoption today in terms of BTC as a SoV($MSTR, $TSLA, $SQ, etc), but still. It wouldn't guarantee that it will apply in the short-mid term. Time will tell.
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Is it the iCloud access password??  I really don't know because I never used Bitcoin.com's wallet(and I would never use it and recommend it), but you might as well just try out your iCloud password. If it didn't work, try importing your 12-word mnemonic on a better reputable wallet such as Electrum[1] instead. Once you gained access to your funds though, I suggest creating a new wallet on more reputable software such as Electrum[1] for desktop and BlueWallet[2] on mobile instead.
[1] https://electrum.org/[2] https://bluewallet.io/ |
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This is really really unlikely to happen but just to answer this as a rhetorical question:
I would. Because even if bitcoin becomes stable and unmoving in USD price, I personally would still take advantage of bitcoin's censorship-resistant and "true ownership" characteristics that I can't have with fiat money(besides physical cash).
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Salamat po dito ts. Ang buong akala ko trusted at solid si coins.ph yun pala pwede syang ma hacked.
Don't get me wrong, in it's entirety sobrang trusted naman ang coins.ph(fully legal and regulated business) at sigurado akong sinisigurado nilang secure ang systema nila. It's just that sobrang init lang talaga sa mata ng mga hackers ang mga exchanges kaya laging sinusubukang ihack ang mga to. Kahit ung mga top exchange sa US dati nahack, paano pa ung PH exchange lang? |
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In my opinion there is something very fishy about the latest pump, looks more like a safe experiment and less like a real pump
safe because the market gap is going to be covered anyway by the real bitcoin price surge, but still an experiment since it happen on the safest time-period it could happen during the year 2021.
Of course I have no access on data supporting my suspicions but always pump during the exchange lowest transactions volume year point is fishy.....
When 2021 ends and you will be able to look all years exchanges volumes you will be also able to see that this was the safest point to launch a SAFE experiment involving fake pump
After all , all these rumors which created this pump have also no real proofs to provide....
Anyway, in my point of view looks like a safe experiment....
What do you mean lowest exchange transaction volumes? The biggest exchanges like Coinbase, Binance, Kraken, have been going down because of the huge surge of new users incoming. Take a look at Binance's trading volume itself: it's literally near all-time-high since the past few years.  https://coinpaprika.com/exchanges/binance/ |
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Was there never an instance where the dominance is the same while both bitcoin and altcoins are increasing? Ideally, that is what I would love to happen.
If you meant "the same" meaning unmoved down to the last decimal, then yes. This can happen if bitcoin rises in price, while the entire altcoin market also rises in price in the same exact pace. While this is technically possible, it's going to be extremely unlikely. |
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If you want to think long term and want to actually focus on growth, it'd probably be a great idea to focus on net worth and asset appreciation rather than fiat holdings. Should you hodl forever?
Completely up to you, ask yourself, why are you in bitcoin in the first place? Does everyone have a price?
Nope. What is yours? I don't have a price. Because:  |
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A lot of them are what you called pump and dump coins. In most cases, those coins are very easy to manipulate with as their market cap is also small. So these devs can control what will happen to the market performance in favor of their ill intentions. Usually, those pnd coins are short lived as once the devs got their targets, they will disappear and very hard to reach out anymore.
Most of the time, yes. But not 100% of the time. You can literally have the best cryptocurrency project since the dawn of humanity but it can still be pump and dumped(even without the project team involved) if there isn't enough liquidity. It's the same with stocks or literally any other illiquid asset. |
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It really depends. When talking about something as big as bitcoin, it will take A LOT of money to potentially manipulate it to some extent.
On the other hand, some low-marketcap altcoin in the #300 CMC spot and higher(you know, those altcoins that barely anyone knows and heard about), it's probably just going to take a single market buy using a few hundred dollars to spike up the price with a huge green candle.
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Assuming the price movement was 10 cents -> 20 cents -> 15 cents
And you sold at 20 and re-bought at 15, you'd be in a better situation if the coin actually goes back up to 20 cents or higher. Why are you in a better situation despite you buying at 15 cents and not 10 cents? Because you pretty much doubled your capital already when you sold at 20 cents. Meaning, you'd have twice more capital to buy the coins at 15 cents.
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- Analysts sets high price targets of a certain stock? Price goes up.
- Analysts set low price targets of a certain stock? Price goes down.
- ARK Invest buys a huge chunk of a certain stock and says something positive in an interview? Price goes up.
- Rumours about Pershing Square Tontine Holdings Ltd($PSTH) acquiring Stripe? Price goes up.
- George Soros publicly says that he plans on dumping Palantir Technologies($PLTR)? Price goes down.
I could go on and on and on.. That's how most markets work in general. It's really not something only present in bitcoin and cryptocurrencies. Not to mention that we're talking about Elon Musk here, who's words can easily move markets. |
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Fun fact: "DeFi" isn't a new cryptocurrency. "DeFi" is just what mETH-heads call the projects that run on Ethereum like Uniswap and MakerDAO despite them not actually being decentralized, but mostly just non-custodial.
As of now, Bitcoin is the only true "decentralized" finance project.
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Great. I wonder when we're going to see the first bitcoin custodial bank get hacked?
With that said, yay for the news and the publicity. For the product itself? Meh. If you don't want to put in the work and research to secure your funds, you're probably far better off just buying Grayscale's GBTC. I personally wouldn't trust an old boomer bank to secure keys.
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One of the main selling points of bitcoin: hindi mo kailangan sumunod sa certain na batas ng gobyerno pag tingin mong masyadong OA o makatarungan ito. Just make sure lang na pag balak mong ibenta ang coins na galing sa gambling site, coin hopping muna kayo a good number of times gamit ang favorite non-custodial wallet niyo para less chances na madetect ng exchange.
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Re: I think i know more about btc and crypto then 80% members here
There been questions that visa and master and other coins like xrp can transact better
Well bitcoin is not for people its for banks to do transactions with each other.
Pick one.
UPDATE: Thus techical thing amd regular user should not care about this .
But the 1 is for non segwit and 2 is for segwit
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