I m really wondering what are the reasons why freelancing sites using Bitcoin seem to not gaining good traction in this industry? Maybe if we can identity the problems and challenges with this situation some people can be coming up with possible solutions. Freelancing sites should be making the gigs economy alive and can be helping a lot in more adoption of Bitcoin as they are presenting many people with opportunities to earn some Bitcoin in exchange for performing some tasks. Sadly, there is really no Fiverr counterpart here in the Bitcoin industry. Had Fiverr made a decision to allow Bitcoin as part of its mode of payment then things can be so positively different. I am so sad for this development and I am hoping that something can be done to make those freelancing sites using Bitcoin to come back to life.

This is one big problem with many platforms (both regulated and unregulated) which are doing business in the cryptocurrency industry. These are centralized organizations and they always have the desire to make the most money even to the point of selling/sharing their data to other parties who can be interested with the information s part of their monetization options. I think there are now laws which limit sharing of data to other entities especially without the consent of the users...that is why it is always important to take a look at the Terms of Service (TOS) of any sites...the only problem is that it can be a big monotony reading those long statements and we usually just skip and click AGREE. Maybe there should be a site that is making a summary of the salient points of the TOS of different cryptocurrency exchanges so we can be informed and warned.

I would say that with Bitcoin and the way the whole market is, all predictions and projections are just speculations of what can happen with the price of Bitcoin. It means that one's guess can be as good as yours and mine. There are all possibilities with Bitcoin going down or going up, anytime. Which prediction Bitcoin will go will be known over time. It must be noted that there are people who made it their habit to predict that Bitcoin can crash anytime even going back to zero soon. Listening to these people can make one get discouraged on Bitcoin but fortunately we know much better and we don't anymore give credence to what these might say. Now, on the other side of the table are people who always love to get media attention by predicting unbelievable predictions for Bitcoin. Listening to them can make you over optimistic and can lead one to a misinformed decision dealing with Bitcoin. Go for a more sane analysis on Bitcoin and not to these people who are just here to get the attention they are craving.



There is no chance that Bitcoin can get back to the $12000 within this year, in the remaining days of the year 2019. There is however a big possibility for that in 2020. We can be lucky if Bitcoin can stay at $9000 for this year as the market seems to be more inclined to go sideways barring no big good news on the horizon. Overall, I am still happy with Bitcoin as the year is soon ending. With next year's halving, the time to accumulate more is now.

The ups and downs of Bitcoin can be attributed to many factors and there can be some or many at a specific time. Sometimes there can be bad news on the horizon and the market is taking them in, at the same time there can be bad news that seem to have no effect on Bitcoin. I would say that there can be dips for no reason at all and analysts can have a hard time when to attribute the price movement. The overall sentiment of the market can affect the movement of Bitcoin and the sentiment can be affected by some news or some analysis made by influencers considered to be credible and trustworthy. In the past, the sentiment can be formed by FUDs and hypes but today the market has already matured and so we are becoming more discerning. Bans and scams can affect but not as they can be years ago.

I am hoping you are still holding on to your 1 Bitcoin despite if the market is sometimes discouraging. Since you bought yours at the $9,200 level, selling it now can mean a loss of more than $1000 which is not a good proposition to consider, after all Bitcoin is meant to be hodl for some time and you must generate some profit in order to make this adventure worthwhile. Your situation is a lot better than those who entered Bitcoin when it reached its highest of almost $20K and I am sure many of them right now are looking forward to 2020 halving that can push the price higher than we expect. Hope springs eternal and this can be the time to continue on believing in the powerful potential of this coin, no matter what others might say otherwise.

You mean to say that with all the altcoins around also getting their share of the market, Bitcoin can still be able to grow more than $50K around 14 months from now? My answer is a big NO. Actually, altcoins don't have that major effect on Bitcoin as it is the other way around. Nevertheless, if we analyze Bitcoin by itself, that $50K prediction can be too much. The last ATH almost reached $20K and it came around after heavy speculations and after Bitcoin made a big buzz everywhere online.

Next year, we are not sure if the hypes and FUDs surrounding the halving can reach a fever level but definitely there will be some good uptick because of it. Personally, I am predicting around $25K on December next year and I even consider it a little bit high. Anyway, it can be fun to speculate on what will be and watching which prediction can be coming true in this fickle-minded market. 

Yes, of course, this is a vote of confidence and trust to the continuing good potential of Bitcoin to churn out profits, otherwise a big company like Bitmain will not be interested to furthering its grip on the Bitcoin mining industry. And although we can consider Bitmain as Beijing based, the fact that it is building a big operation in Texas, USA means something towards the overall health of the mining industry. And unlike in China, USA seems to be not that concerned with the power consumption of Bitcoin mining for as long as the project itself is sure of its own source.

This news comes at the heel of another good news: San Francisco-based Layer1 is also set to put up a big bitcoin mining project and yes it is based also in Texas. I can sense that Texas can be the next big epicenter in Bitcoin mining. I am sure some more big players can be attracted to this location. Overall, we can be into challenging the domination of China on this industry and this is big good news for all of us.

Reading the many reactions from members here, it is quite obvious that Binance as a cryptocurrency exchange can be a polarizing subject. There are those who maybe reluctantly agreeing with the fees that Binance are charging, there are those who don't mind the fees as long as they get what they want and of course there are those who seem to never like the centralized Binance platform as a whole. I have an account in Binance but I only use it whenever there is a token that I need to liquidate and it is already traded in that platform...am not yet doing regular trading and in many cases I don't mind the fees they are charging.

However, I feel that as consumers, these things have to discussed openly who knows Binance can be reading this piece and they can come up with something more acceptable. By the way, am wondering what about the Binance DEX, is that something better or just a new dog with a different collar?

I am sick and tired too of this concern with quantum computing having the capacity to destroy everything Bitcoin and cryptocurrency have built so far. Now, we can categorize this supercomputer as a possible weapon to destroy Bitcoin but there will be ways the weapon can be neutralized. This is like having a nuclear weapon, a possession of such does not automatically mean the destruction of humanity though we have to admit the potential is there. At the right time, an anti-quantum computer can be coming to the market so I am not worried about this issue. Let those who are not fully aware of the whole story get stressed thinking about this.

Now people who still think that quantum computing can be the destroyer of Bitcoin should read this: https://marketrebellion.com/why-quantum-computing-is-not-a-threat-to-bitcoin/ for some ideas and guidance.

Tomorrow (a few hours from now), it will have been exactly five years since the original white paper on Bitcoin sidechains (PDF) was released. The basic idea explained in the paper was that Bitcoin users would be allowed to move their coins between multiple, completely different blockchains that could enable a wide range of new cryptocurrency features.

The end result of this functionality would theoretically be an end to the many altcoins that existed on the market at the time, as there would no longer be a legitimate reason to create a new cryptocurrency in an effort to experiment with new features. Instead, new features that were sufficiently complex could come to Bitcoin by way of sidechains.

Today, sidechains do exist, but they come with trade-offs in the areas of centralization and censorship resistance – at least for now. At the recent Transylvania Crypto Conference, a panel of experts on the topic, including Blockstream CEO and sidechains white paper co-author Adam Back, discussed the current state and future potential of sidechains for Bitcoin.

The source is here for more reading...





The claim is that Bitcoin Sidechains can eventually make all altcoins lose value and purpose as this functionally can easily adopt all the features that altcoins may have rendering them, in essence, very worthless and inutile. "...new features that were sufficiently complex could come to Bitcoin by way of sidechains."


Now, whether this claim can happen or not depends a lot if Sidechains can be implemented soon and if the market will be reacting in the way it is expected.

Do you think that Sidechains has this potential or maybe the guys behind this proposition is just imagining things? Please share here what you may know about this Sidechains...

The ban is still on and there is no hope that soon this can be lifted. Pakistan, India and yes Nepal are countries with political leaders who are afraid of what Bitcoin can do to their people and the economy. Unlike other countries that are already open for Bitcoin, they see a different vision and a different way of thinking on cryptocurrency. People can however own Bitcoin discreetly but converting into local cash can be difficult as there is no legal exchanges operating within these countries. I am hoping then that India and Pakistan (two big countries with a lot of potential) will change its direction and will instead introduce a stricter legal treatment of Bitcoin. At the end of the day, people by large will always be following the dictates of their government so we might not see substantive adoption of Bitcoin in these places.

In my opinion, this is an amateurish car dealership site and I am doubting its legitimacy just based at the first glance. Maybe the site is made by someone who is not really well versed with the English language. Why would it be mentioning Bitcoin a lot when in fact it is just accepting BitcoinCash...or maybe the site does not know the difference between the two? Can be a big fan of Roger Ver, I guess. The site even has a press release section and one of the post keeps on talking about Bitcoin: https://blog.autocoincars.com/bitcoin-whats-it-all-about/. Definitely, not a site that can inspire trust and confidence especially for a rich guy with a lot of Bitcoin.

Another way to say it is nobody knows what can happen to Bitcoin if there will be global recession affecting all economies and countries. Will there be a big demand for Bitcoin under a very uncertain climate or will Bitcoin also suffer a significant slowdown as people are losing confidence on the market? This is something we will find out if the feared another round of recession can affect us all. The last recession around 2008 was one of the biggest reasons for the eventual birth of Bitcoin and the popularization of the blockchain technology...will the next round make Bitcoin shines through or will it partly kill it? Some are saying that like the real gold, Bitcoin's value will rise under this situation because people will be seeing Bitcoin more trustworthy and invest-worthy than the traditional fiat money and assets. Again, that is something we can experience once the recession is back roaring its ugly head.

We know that volatility is one of the best known hallmarks of Bitcoin and this can working good for people who are into trading and speculation, more risks more rewards they reasoned. Now, for merchants, this wild volatility can be a big headache but there are now ways this can be mitigated. There are now platforms offering merchants the service of converting the Bitcoin on-time so that the merchants can be spared of the yo-yo movement. During extreme volatility, it is actually the buyers that can be facing some problems especially if the buyer is also into speculation. The thing is that volatility can be working for us depending on which its direction is, north or south meaning up or down.

CoinMarketCap is listing its top cryptocurrency exchanges based on volume (though some are questioning the data supplied to CMC) but here it is for all to see: https://coinmarketcap.com/rankings/exchanges/.

Now, on matter of trust, I would go for Binance, Kucoin, Bittrex, Coinbase, CoinTiger, LATOKEN, Huobi Global, Hotbit, OKEx, Bithumb Global, Kraken and Bitfinex. Now, am sure each of these exchanges has different issues and concerns so it can be a matter of personal choice and experience. One exchange can be performing good for one user while may not be the same with another. As always, beware and be careful.

I am expecting that by 2020, there will be more players in this growing market but there will also be those that will be closing shops due to unstable revenues and profits. This is just a normal business where they come and they go.

Banks may be bound to stop working with social media giant Facebook if the firm launches its Libra stablecoin, according to ING CEO Ralph Hamers. Bank can choose to “not accept the client”

Financial news outlet Financial Times reported on Hamers’ remarks on Oct. 22. Per the report, he explained that institutions like ING have to guard the financial system to prevent criminal activity. Because of this, concerns over Libra’s potential for illegal use may result in a response from the banks:

“We can take measures and exit the client, or not accept the client, so those are discussions you would have to have.” The money laundering concerns are spurred by the fear that Libra may allow criminals to quickly move funds across national borders without any oversight.

https://www.allurnews.com/en-us/2019/10/22/banks-may-cut-ties-with-facebook-if-libra-is-launched-ing-ceo/Read more here...



Actually this is just a concern of one bank and may not necessarily reflects that of the other nor can be the stand of the whole banking industry in regard to Facebook's Libra. However, this sentiment can spread to other big banks and Facebook can have a little problem here. Now, I am thinking will this concern not lead to Mark Zuckerberg create his own real bank discreetly? The idea must be preposterous but knowing Mark, who knows...

The bottom might have already been found for Bitcoin and so we are all looking forward for a good rebound and hopefully this can mean that Bitcoin will soon be knocking back at the $9,000 door. However, there remains some possibility that another bearish mood can be clawing back and that can be discouraging to me. As the holiday nears, there can be more selling pressures on Bitcoin but I am expecting that our favorite coin will be holding on to its position not lower than $8000.

One thing I realized with these famous personalities having the tendency to put forth outrageous claims of what Bitcoin will be at a certain time is that they are just joking and they are doing it without any trace of being comedic. In the case of Tom Lee, he is probably enjoying the attention the media is heaping up on him so that when the media would like to confirm any possible bullish or bearish trend, he can be serving as the go-to guy. This is just a great entertainment, guys! And there are many more other guys like him in the cryptocurrency industry there is no need for me to mention any name.



That can be the best thing to do. Whenever someone like Tom Lee opens his mouth, we need to read between the lines so we can get the real message behind. Still, I have some respect for Tom lee as I am sure he also contributed something towards more adoption of cryptocurrency compared to us ordinary guys and just small players.

I was actually nervous for the past two days as I was watching Bitcoin teetering towards the $7,000 level. Right now, Bitcoin just made a small bounce back reaching the $8300 zone with a possibility for the coin to hold on into the same range for the next few days. However, there remains the danger that it can get back to the fear level zone. In other words, Bitcoin is not out of the woods, yet.

Are you also one of the many hoping for a bullish rally ahead by Bitcoin? Would you recommend for others to enter Bitcoin right now?

The way I read on the news is that this phone is soon coming to the market. I think we have the same reaction. I was assuming that running a full node can benefit someone who owns the gadget with this program option but there is nothing to be gained there. Maybe it is just the idea that you are now part of something trendy like the blockchain and Bitcoin and therefore what you are holding in your hands can be very valuable. As a consumer of a smartphone, I would not change a brand just for this feature...maybe be able to mine Bitcoin is much better though it is currently impossible. Or maybe it would be better if they can connect it to a current and existing project where the phone can mine the altcoin. Just using the word blockchain or even Bitcoin will not be giving any value at all if the user will not get anything...no rewards.