"Robbing a bank might cause problems to the US dollar."That`s a pretty good comparison.  This guy explains exactly how I think about the current cryptocurrency market situation.There`s no reason to get worried about the price.The only sad thing is that no big companies accept bitcoin as a payment method,even though there are no problems with slow confirmation time and high fees.Now is the best time for online businesses to adopt btc. |
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I don`t understand this "SMS reselling" business model.Can you explain it?
What kind of SMS messages are we going to sell or resell?If your SMS reselling platform is free,how are you going to monetize it?I`m sorry,but this sounds confusing and too good to be true.
Good luck with this project.
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Tether might have insufficient funds to pump the bitcoin price to 19000 USD,but that doesn`t mean that such price manipulation can`t be done.Every price bubble is like a snowball.The price needs a small push in the market demand,in order to get the ball rolling and get new buyers.Then the FOMO beats the FUD and we have a speculation bubble.Is the BTC price manipulated by the crypto whales?Yes,off course it is,but who cares.
We are waiting for another manipulation that will bring the price to a new ATH.
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So what was your trading strategy?What was your portfolio?
Perhaps the biggest mistake that you ever made is that you sold all your coins and exit the market with a big loss.A good trader never sells when the prices are going down,he just waits for the bullish trend.
Now you can start all over,but with a lesson learned.
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I’ve watched this video: https://www.youtube.com/watch?v=ZKSwcvKWqZo&feature=youtu.beSee how he keeps touching his nose? You know that you are being recorded and that thousands of people are going to watch you and you keep touching your nose compulsively like that? He also says that his model predicts bitcoin price to be $5 million by 2020. I’ve had the impression that he is high on cocaine. Really high. What do you think? He just wants to spread unhealthy optimism (which is the opposite ot FUD) around crypto social media so the crowd would just stop the panic selling and start buying again.He kinda looks like a clown,but who cares,he is free to say whatever he wants.I predict a btc price of 100K at the end of 2020.Remember my words. |
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Big corporations will always recevie unfair advantages,because they can corrupt politicians and clerks.
Can bitcoin receive such advantages?Well,if some big crypto whale wants to gain political support for his crypto project,I would say yes,he could spend some money for bribes.
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The global cryptocurrency market cap is only 300 billion USD.I don`t have data about the global stock,currency and forex markets,but their trading volume is probably around 20 trillion USD. We are still too small and the world doesn`t care about us. |
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From my observations, most altcoins and tokens tend to perform negatively in their BTC value, so it's a bad idea to hold big portfolio of alts for years. Many of them show clear bubble cycle dynamic, so if you want to go long with some popular alts, you should try to catch the depression phase of the cycle and sell at the peak of a bubble.
Also, the article doesn't explain why cryptocurrencies so often move together. The reason for that is because Bitcoin dictates the trend for the whole market, some think that it's already irrelevant because its market share is at 35%, but every Bitcoin price movement is immediately mirrored by all altcoins, because they are mostly traded against BTC. So, if you want to be an altcoin trader, you have to be a Bitcoin trader in the first place.
I think that the main purpose of bitcoin is to be an investment safe heaven with stable increasing value in the long run,while all the altcoins are created for day trading and pump&dump. Diversification in the crypto market is kinda impossible.The only good portfolio is 50% BTC for long term HODLing and 50% in the Top 10 altcoins for day trading. |
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The link posted in your thread is a little bit strange.
What is that ?invite=2516415565 after the Coindogs.co domain?Is this a referral link?
Is this game considered virtual gambling?I`m curious about that.
Good luck with this project,OP.
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It`s good to know that SEC knows the difference between bitcoin and ICO tokens.I would be worried,if they were considering tokens to be the same type of digital asset as bitcoin. Their opinion is,I would say,neutral,which is way better than spreading FUD and scaring people away. |
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Bitcoin doesn`t need to "recover".The price is just fine.Relax and stop waiting every day for that moment,when bitcoin will hit the moon.This will happen for sure,but it won`t be this year or next year.
I think that the big price gorwth will occur after the 2020 halving.
I don`t care that much about the total crypto market cap.
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I would just wait for the price to go under 6000 USD or maybe under 5000 USD and I will start buying. The only bad decision would be the sell all your bitcoins.Just HODL and buy some (if you have any money to invest).Such prices falls happen every summer.2016 it was the Bitfinex hack,now it`s some small Korean exchange being hacked.Last year was an exeption. |
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The Bitcoin price has today dropped 12%, taking its year-to-date losses to an eye-watering 50%, after South Korean exchange Coinrail warned users it’s reviewing its system due to a hacking attempt. Nothing to do with that SK exchange. First, it one damn small exchange that deals more in alts than bitcoin, second BTC wallets were not affected, only some shitcoins I've never heard of before. If that exchange could cause a 10% drop, if Coinbase gets hacked we're going below zero. You can tell that to all the newbies,who panic all the time and all the people,who don`t know anything about crypto. I bet that they will trust Forbes,instead of any crypto or bitcoin expert. This forbes article is an example for a clickbait manipulative propaganda shit. |
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I wish the CTFC to conduct a mandatory survey among all the crypto traders on the big crypto exchange platforms.In this survey,they have to ask questions like:
1.Do you feel that the crypto markets are manipulated?
2.Do you trust the exchange platform/s you are using for crypto trading?
3.Do you think that the big crypto exchange platforms manipulate their trading volume data?
This won`t prove anything about market manipulation,but it would be interesting to have such information.
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I don`t care about the "growth rate of bitcoin supply",because there are many HODLers,who are hoarding big amounts of btc.Those amounts of btc are "outside" the market and they reduce the overall btc supply.
OP,just don`t compare the BTC price growth with the BTC supply growth.It just doesn`t work that way.
Don`t try to analyze the market based on historical charts and price behaviour.
The btc price is where it is,and don`t bother trying to explain how the btc growth is decreasing.The BTC price can explode at any time.
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Which crypto forum are you reading?I browse bitcointalk and I can`t find any threads about how "crypto is shit" and "there will be no growth this year".There will be some newbies crying all the time about the btc price no going up,but the experienced traders have patience and know when to buy and sell.
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Telegram is way better than Skype.I think that Microsoft killed Skype,turning it into a slow loading shitty messaging app with lots of bugs.Telegram is faster and more convenient.The only downfall of Telegram is that it`s devs are from Russia(as far as I remember).The western countries might try to block their citizens from joining Telegram.Anyway,I don`t know about any new and upcoming ICO projects,that can beat Telegram.
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Now 90-100% of any altcoin volume is made in pair alt/btc and only 0-10% in fiat/alt This proves that all altcoins are useless pump&dump tools and they don`t have any real value.Their value is just a derivative from the value of bitcoin.We should all stop buying and holding altcoins and focus only on bitcoin.If there weren`t any altcoins,the bitcoin price might have been 30K USD by now. |
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I`m not surprised by this info.Early adopters and big investors will benefit the most from bitcoin and every other altcoin in the market.By the way,your info isn`t accurate enough.Perhaps some of these wallets belong to big crypto exchange platforms,not crypto whales.If btc get adopted in daily retail purchases,the number of hodlers will decrease for sure.
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According to Billionaire Mike novogratz, not only would Bitcoin recover from its present downward trend but he is forecasting a 20 fold increase in cryptocurrency market capitalisation. Figures shows that the highest market capitalisation ever witnessed was $900B, it would therefore take nearly a 20 times increase to attain the forecasted $20 trillion.
In my opinion, I think it's possible considering the fact that we only have about 7 to 11 crypto users presently and adoption rate is still minimal. With mainstream adoption, then $20 should be possible. This is just my opinion, please feel free to share yours?
Can we reach a $20 trillion market cap by 2028 ?
If you are talking about bitcoin market cap,no, I don`t think so.The govenment and central banks will always try to push the btc price down.If we are talking about the entire crypto market cap,20 trillion is a very ambitious goal,but it might happen after 10 years or more.I just want the crypto market cap to go back to 900 billion.I`m not that greedy. What do you mean by "7 to 11 crypto users"? |
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