When the government forbids cryptocurrency
In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad
The problem with a ban is that if they ban bitcoin then what happens next? How many people they have put in jail just for using cryptocurrencies? If that number is zero then you have nothing to worry about, in the past the US forbid gold to be held by Americans and order them to give it to the government, it is estimated that 75% of the people did not obeyed and no one went to jail. |
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First of all this thread is open for discussions or insights are welcome as this topic is just a speculation or prediction by a man named Tim Draper.
So basically, Tim is a Billionaire venture capitalist and investor and has been one of cryptocurrency’s biggest bulls, technically he earned a lot of profit already from bitcoin. He said that bitcoin price will rise up to $250,000 each BTC! But we all know that the bitcoin price has sunk more than 67 percent from its all-time high. So, for you as an investor or a fan of bitcoin, would you believe in this statement?
We are talking about the future here, we all know that BTC started very cheap from the beginning, but look at it now. Can it really rise again on 2022?
This type of prediction should not be taken in a literal way, to me this just means the man thinks bitcoin will be very valuable at 2022 and I think that is true but what will be the precise price? No one knows and I think it is irrelevant, will you complain if the price only reached 40k or 50k? Because I will be thrilled to see such a huge price so soon. |
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what a year, wish I dump all the coin in late DEC lol
and today, spend the 100% from that capital and bought it again, so u still holding the same amount as late DEC while steady with the 900% profits..
Oh come on. What if I bought BTC when it was under 10$ and sold it when it reached $20k? You didn't know what will happen, made the wrong decision and that's that. Exactly, no one knows when we were going to see a reversal in the price of bitcoin, we knew it was close but that was it, besides as long as you bought your bitcoin before October of that year you made good profits, I have been holding for longer than that and even with the crash I am sitting in some good profits but with the price this low it is obvious I'm not going to sell now. |
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I am very happy to read this thread, because lately I often see a thread that drops bitcoin.
before bitcoin prices reach $ 100k or $ 1 million, let's collect as much bitcoin as possible.
Lol. Ten years. Probably another alt has taken over btc then as the leading crypto coin with the most people support. But I believe in bitcoin and i'd happily hold my btc's for half that time even if it doesn't go close to 1 million. Things are not so simple there are many alts claiming to be better than bitcoin and to be able to surpass it, and to this day how many of those coins were capable of doing it? None, and it is going to remain that way for a long time, sometimes people forget that bitcoin is not only a new technology but a currency as well and any currency at the top of any market has a decisive advantage over its competitors and if you do not believe me just look at the dollar. |
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Once again, another exchange hacked for 30 million..
IT HASN'T EVEN BEEN A WEEK SINCE I MADE THIS THREAD..
I'm afraid to say, but crypto currency is officially dead. It has NO security and hackers are going to destroy it.. RIP crypto
Bitcoin = $1 in 2020...
Crypto is getting hacked easier then it is to back Facebook, or email address. It will never get adopted unless a serious change happens
Believe whatever you want, but you are talking as if banks, governments and private business were not hacked all the time, bitcoin is not the problem but the security practices of people, bitcoin is unforgiving you only need to make a mistake once to lose all your money and while you can get that money back with banks this is impossible to do with bitcoin due to the immutability of the blockchain. |
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There are just couple of question I need some answering from people with enough experience in crypto.
Any particular tips on when to invest token when the prices are low?
And how can one manage to hold the tokens even the prices are bleeding?
Is there a specific time where one can pinpoint the best way to accumulate tokens?
Thanks for sharing your thoughts!
Many persons make the mistake of selling their bitcoin when the price is down not realizing this is the moment to buy, so when the prices are low the the question is not how to invest but in what will you invest and since the prices are so low you can invest in some of the coins with the highest market cap and still make money, now the only way to hold your coins despite what it is happening is to know exactly why you invested, if you know that then holding is not a problem. |
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how often do you check BTC price and how to cope with stress associated with this? I am checking it every few hours and it drives me crazy and makes me anxious. Is there anybody in a similar situation and how do you cope with this?
PS: I was trying to do this once a month, but I think, I missed the beginning of the bear market in January this year because of this.
Thanks,
Mike
You need to find an equilibrium if you are not a bitcoin trader you do not really need to check the price of bitcoin every few hours but it is also not recommend to not watch the price for a long time since you will miss important movements in the market, I check the price only once a day if I'm not trading and that is more than enough to give me an idea where the price is going to be for the next 24 hours. |
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Yes ofcourse 2017 starting was not good to bitcoin, but at the end of the year it was an amazing growth in bitcoin. Likewise 2018 starting itself the price of bitcoin is not good. It faces lot of dips only, it struggles to reach the normal value itself. All are expect june starts the price will have increase but it does not happen. Normally first half of the year the price would not grow second half it starts to increase. After a long time today market starts with green hope incoming months the price will increase and by the end of 2018 it will be the bitcoin year.
We cannot use past performance to try to predict the future performance of bitcoin, it is true that in the last year things started slowly, but the main difference was the developers got segwit activated despite the opposition of the miners and the many hard forks that followed, this was what created the bull market and now the circumstances are completely different. |
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They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
Well as you just said, it is one of the most difficult things to master in crypto. You have to learn a lot and follow a lot of discussions so as to get the know-how. Well, to me I think you can personally determine whether you're now a good trader or not based on your trading profile(your profits you accumulate and your ability to detect prospective coins and so much more). When it comes to making money in this market or in any other market being a good trader is one of the most difficult things to do but at the same time many people want to become one of the few that are able to master it since it is one of the most rewarding, can you imagine earning not only when the market of bitcoin goes up but also when it goes down? |
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As far as i know bitcoin has a high volatility given the fact that it is in demand in the market but i did not expect hat it is so high that it can really go from 1-100 and 100-0.
I want your insights about this volatility of bitcoin.
Can you tell to us what exactly you were expecting? Because if you take the time to look at the charts of bitcoin through all its history you will notice the volatility was even greater in the past so the current crash should not have surprised anyone and yet it seem it did, so please before investing or trading bitcoin or any other crypto take the time to look at the history of the coin. |
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SEC is just trying to pretend they are relevant and create an illusion of their power. otherwise this market was not created yesterday. it has been around for 9 years and the manipulation existed ever since exchanges started showing up. they never cared to do anything about it so far.
not to mention that bitcoin doesn't belong to SEC or even US for that matter. they have no power to do anything at all.
I agree with this, the SEC is trying to make it seem as if they have control of the market by issuing statements about this topic, but what they can do about this? Not much, this is why regulations coming from the governments are going to fail, the only rules that bitcoin follows are the lines of code written by the developers, those are our laws. |
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Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?
Are the whales manipulating the price of bitcoin? Probably, does this means everything is their fault? Not really, the price of bitcoin grew too much too fast, I do not know why this is so difficult to understand it was that simple, when you have a distortion in the market, the market tends to suffer an overcorrection and that is what we are seeing right now. |
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Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
It is very unlikely that bitcoin is going to be the currency of the world because countries will do anything to avoid that fate but it is entirely possible that bitcoin will give birth to a parallel economy and there will be a growing number of people that will like to live outside of the fiat system, governments will try to avoid this through regulation but as they lose control of the economy this will become impossible. |
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HTC is planning to build a new blockchain-powered phone featuring a built-in cryptocurrency wallet. HTC's Exodus device will make it easier for users to trade cryptocurrencies The touted Android device, known as Exodus, will come packaged with a universal wallet and hardware support for all major cryptocurrencies, including Bitcoin, as well as featuring decentralised applications. Head HTC's business and corporate development Phil Chen, who founded the company's virtual reality system Vive, outlined these plans in an interview with The Next Web, also providing provisional schematics. "Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more," Chen said. "We would like to support the entire blockchain ecosystem, and in the next few months we'll be announcing many more exciting partnerships together." More information can be found here about this news http://www.alphr.com/mobile-phones/1009357/htc-exodus-blockchain-powered-smartphoneThis development can increase bitcoin popularity immensely, back in the day when web browsers began being developed one of the reasons people used internet explorer was because it came preinstalled with their machines, if from now on smart phones come integrated with wallets then it will be easier for the average person to gain access to the bitcoin market and invest in it. |
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i am there in bitcoin from last 4 years so i wont sell bitcoin even the market crashes to zero i knew it will increase in price and bounce back again
If the price of bitcoin really reached zero then that means that bitcoin failed an you will be unable to sell your bitcoin, fortunately for us that day will not come, however it seems we are going to need many months or even years for the price of bitcoin to recover, I really do not mind it at all but many people in the forum will not hold for that long. |
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I think trading isnt good idea right now... The market is too volatile. For these type of people I can offer invest in perspective ICO projects. What do you think about Kelvin Blockchain?
If you think trading is not such a good idea right now what makes you think investing in an ico is any better, lets be very direct, many icos are having problems reaching their soft caps because no one is interested in investing in new coins when even established coins are dropping like crazy, so the only hope I can see to make money and minimize our risks is to trade bitcoin. |
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IMPORTANT INFO FOR NEW TRADERS
All the traders who want to learn and earn from crypto trading i think they should follow some trading methods to make it true. All the beginners please try to learn first . without having enough knowledge about crypto trade you cannot make profits easily.As a trader i suggest to start your trading with reliable coins which already make a reputation on market and has a great value worldwide. Don't jump for new coins before getting enough knowledge about that.
Good info but the greatest secret when it comes to bitcoin trading is there is no secret, many people think they are going to read a book with secret knowledge about how to make a fortune in trading and that is not the case, most of the positive results a trader gets are small but over time those earnings add up and you can multiply your earnings many times over if you have constant profits. |
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We have the same sentiment and experienced on how we've been through good and bad days with crypto and our stay was worth it which gave us some profit.
Those friend of ours never thought that it's going to be a rough journey by investing to crypto's. They are only thinking that it's just a click away and they'll become millionaires to it.
I'd stop already sharing it to them and I'd told them if they want to pursue, they can learn on their own so when the market shakes, they won't blame me.
People are very delusional, I have gotten profits with my bitcoin holdings and some of my investments but this has taken a great deal of my time but since the results are so good I'm willing to do it, the truth is that most people do not have the necessary drive to become successful in anything, after all if they were so motivated to become investors or traders of bitcoin they would know how to do it already, so concentrate on yourself and how to obtain profits out of bitcoin, the best option in the past months was simply to be a holder but now it seems to me the best option is to be a day trader. |
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From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .
In my opinion, This is good news. If the cost has dropped then one bitcoin problem is solved in the hope that it will be preserved. I like it. The problem with the fees in the bitcoin network has not been solved yet, segwit helped the situation somehow by allowing more transactions to be included in each mined block but the real reason for the low fees is simply the lack of interest of people in using bitcoin due to the bear market, this is why we need the lightning network activated as soon as possible no only because it will cause a bull market but because it will solve the problem with the fees. |
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To be honest in this situation holding is the best choice, because trading is too risky, especially in this period of time, it's too hard to predict the market moves, until now, I didn't know the reasons of this high fall of prices in the market, currently, we should keep our crypto in our wallet and just wait for the market to stabilize a bit.
Trading bitcoin is too risky at this moment only if the only thing you are doing right now is to go long, but you can also go short and make profits when the market is going down, I know that this strategy is incredibly risky in the middle of a bull market but right now I do not see any kind of great risk to employ that strategy in fact it seems like the most profitable to me if I had to choose between going long or short. |
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