I believe that with a high degree of probability, people will sell off their bitcoins in the event of any really strong cataclysm that threatens their life.
If it's a cataclysm where people don't have food and water - sure, they'll sell their bitcoins to buy essentials. But if it's just a global recession - big investors like to protect their money and gold and digital gold (bitcoin) then become more attractive as they hold their value. |
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I doubt if Amazon would dip their payment feet into Bitcoin soon, because of two reasons. 1. They have a strong partnership with PayPal and Credit card companies and they will not jeopardize that relationship. 2. Bitcoin are not acknowledged as a "currency", but rather as a commodity, so the legal issues and accounting problems will be significant, if they experiment with payment options that are not defined as a currency. We might see more merchants accepting Bitcoin as a payment option, as soon as regulators sort out the regulation regarding Crypto currencies and the definition of currencies.  Number 2 is the main reason the won't allow it in the United States. They might allow it outside the US, but the country concerned would have to demonstrate an existing willingness to use crypto before amazon dipped their toe in. |
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Do you guys hate inflation? because for me it's okay for as long you are not lazy and sitting your ass all day long.
Indeed, whether we hate it or not if we are not moving we can't earn more money that can beat inflation. Multiplying your money is the only way to beat it, and the government don't want that thing to happen as well for so many reasons. We are dealing with the inflation ever since and yet many people are still not learned from it they keep on saving money in the banks which makes them more poor because of inflation. Work with your investments now, it can be a great move to beat inflation That's because inflation rates are below the tolerance level of most people If these rates are in the range of 2-3 percent annually, people will continue to keep their money in banks as the convenience of banks exceeds the negative effects of inflation. Also, I'm not sure what you mean by us not moving. Do you refer to crypto here? If you do, then even the volatility of Bitcoin exceeds inflation rates in most countries, so it is actually a question of not sitting on your hands but doing something to beat inflation (read, riding this volatility to your advantage) This is the right answer. It tends to be countries like Zimbabwe, Venezuela etc which are most interested in bitcoin as a store of value (as opposed to a token that you can buy stuff with). The only groups interested in bitcoin as a way to move money (payment processing) are the remittence providers. |
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I've been reading this badly comparisation with Bitcoin and all other payment methods. (Visa, Mastercard, Apple Pay, Alipay...)
Bitcoin has created 10 years ago. There is no regulations about it. It is all new area. Decentralized, it can't control from anyone. So we haven't met like this one before.
We should stop comparing Bitcoin to other popular online payment platforms. Because Bitcoin was created ten years ago and has never upgraded, its platform is outdated and will not be comparable to updated platforms every day. Bitcoin attracts interest because it is the preferred portfolio of investors because it generates profits and the payment platform does not. Bitcoin was upgraded with the Lightning Network - it's just that it doesn't work that well. And alts that DO work arn't getting much publicity. |
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Sooner or later, investors who hasn’t dive in to crypto market shall follow suit. And these will reach the current bull run into a new heights. They dont want to get left behind.
It won't be easy this time. Because the mainstream media has painted Bitcoin as a "bubble" after it lost 85% of the value in 2018. Even if another bull run occurs, people will always keep the previous correction in mind, and may be reluctant to put their money in to crypto. A lot of convincing may be needed to encourage the common people to put their faith into BTC again. This is indeed the pattern that happened last time. There was a bull run from $100 to $1000. Then a bear period for three years till 2016. And reluctance to get involved until the previous all time high had been passed for a few months. Even then it wasn't till about Sept 2017 when bitcoin was truly going crazy that ordinary investors piled in. |
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There have been reports of even one of these being installed in Venezuela, and it seems that people is using them, even with the disastrous fees that they are collecting. Makes sense in Venezuela seeing as how their currency is all but worthless. Bitcoin might not have been a great choice for an alternative currency this past month when they had the power cuts. In fact if the locals were using any cryptocurrency for day to day transactions they would have been screwed unless they could somehow power their cell phones and had their wallet on the phone. Goes to show that to be completely safe you need your own power generators (solar power on the roof or some such). |
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Last time this happened was 2015 early start of bull rally.
Yeah something to watch in coming days being like 2015 means you won't see the result in "a couple of days" because just like 2015 the rises are going to be slower than the usual thing people got used to in 2017. so basically the $6000 resistance can be broken in a couple of weeks as price creeps up slowly with a high volume but no excited movement. and then continue on that path to some higher price (probably around $9.5k) then start gaining more speed. Yeah. It will take a while to grind higher and it won't be till 2020 and the imminent halvening that we shall see BTC try to break it's all time high. |
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Correction is started.. slowly but from last month everyday grow..
Everytime the mempool gets full, it starts correcting: https://jochen-hoenicke.de/queue/#0,2wIt's maddening that after all this time it's still not fixed. At some point an alt will appear that doesn't have these problems and will gain market share. |
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Marscoin  I'm not joking. There is already a currency with that name that was designed to be used in Mars. Perhaps the use of paper money is difficult in space so it is more likely to be digital currencies. * not be cryptos because of centralization * Several attempts are underway to establish the first human colony on Mars. While technologically not impossible, funding for such a monumental project (estimated at 10-30 billion USD) is a major obstacle. If you share our dream of making that first giant step for mankind a reality, then we invite you to join us. I do not think Mars has become a distant dream, let’s think further. It will be real hard to use digital currencies in space - you'd need a method of generating electricity. If we ever get to Mars, the currency will be bits of some rare Martian rock. |
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So they initially bought equipment worth $25M and where's that gone? I mean they bought it last year and I really don't understand how could the value of it depreciate with 90% in less than a year? Yes, probably in China the value of mining equipment has depreciated a lot because of recently rumors regarding the ban of bitcoin mining but still if they would have sold their equipment to companies from others countries the value of that equipment would still be at least 50% or so even if we include the export fees. This seems kind of suspicious to me, how could a company value decrease with 90% after one year considering they had equipment worth $25M?
They likely overpaid for the equipment based on the "potential returns" at the time. Price dropped, but difficulty didn't drop along with it, they likely didn't mine the amount of coins they needed to make it work, especially with the lower price. |
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Why do so many people think that crypto will replace FIAT in the future even when its adoption rates are so low at the moment? This will never happen since FIAT will always be the primary money source despite its disadvantages which you mentioned.
Bitcoin was always meant to serve as an alternate payment method and nothing else in this case.
Bitcoin's adoption rates are low - but that is down to slow confirmations, a mempool backlog, rising fees when the mempool gets backed up. Doesn't mean some other coin won't get traction. One is bound to make a breakthrough if there is a crisis and enough people start using it. |
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Chart first  Green = 200 SMA Red = 50 SMA Yellow = 20 SMA Chart > Weekly --------------------------------------------------------------------- BTC right now is trading above the 20 SMA . Throughout history (July 2010 ) up to now, every time price closed above the weekly 20SMA (yellow), it always heads straight to 50SMA (Red) ,by always i mean ,every single time. ( couldn't zoom out the chart to show <2014 but the same thing happened before that too, you can check the chart yourself) This means , if we don't drop below 3850$ before Sunday (weekly candle close)we could very likely enter a mini-rally and see sub 5000$-5600$ in a few weeks. however, the more likely scenario is a dip below 3800$ before Sunday to re-test the 200SMA at 3400ish so if you are currently shorting BTC (like i am doing) , you better watch the weekly close, if you see a clear weekly candle peaking it's head above the 20SMA, you will very likely get liquidated. The other interesting thing is this, should we drop and bounce back up from the 200 SMA( likely) , it will be very possible that we close above the 20SMA on the weekly and peak our heads to see those 5k levels again pretty soon. note this is a weekly chart, things won't happen in a week or two, it takes months to swing between those SMAs. also , i would like to hear what you guys think about these almost identical charts 2014-2015 vs 2018-2019. they look even more similar with the way price flirts with these SMAs. Well done! Turns you were spot on. Hope you made a decent profit trading the pattern. |
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CW is really hungry for the attention that he wants that most people who disagree with his false claim will taste a lawsuit against him.
This is starting to get dirty and i feel like all of he's doing will turn against on him one day.
We just have to ignore him to stop the fire he is making or else it will spread around.
Why is he hungry for attention though? What does it gain him to get into all these fights? |
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I don't have the feeling that majority of Bitcoin users come from developed countries. In fact I know many users from India, african countries etc. Maybe statistics are showing different data but don't forget they are not always correct. The number of users also depends on overal population, accessibility of Internet connection and other things.
Still developed countries have better infrastructure, people are more educated and exposed to modern technologies so this might be also the reasons for bigger number of Bitcoin users.
Agree. There is a lot of bitcoin/crypto stuff being used in Venezuela (because they haven't got access to dollars or anything normal). And about 15% of remittences is now being moved via cryptocurrency. The only reason China has bowed out of the crypto space is because their govt is scared that bitcoin could be used to evade capital controls. |
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People need to brace themselves for a wall of selling once bitcoin breaches the all time high.
We saw the same pattern when the 2013/15 bear market ended. People who had held through the trough sold as soon as they had broken even, they were so relieved to get their money back. Of course that was the wrong thing to do, but the price being underwater for several years does strange things to the human psyche.
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Sounds like Japan's trying to break Bitcoin. This is why I can't trust a government to regulate anything that goes beyond their sphere of influence; they totally muck it up.
There isn't any way to "prevent" the outflow of Bitcoin without some kind of massive intervention, and a hard fork, which would somehow limit transactions to their geographical coordinates. There isn't any way to implement something like that in a way that the community will accept. Trying to add consumer protection can easily be done through expanded escrow services, it's not like a government has to step in and operate Bitcoin wallets like they're bank accounts.
They're not trying to break bitcoin. Just share what they've learned from the Mt Gox fiasco, plus their experience with several other exchanges that got hacked. Crypto will only get adopted if users feel safe and feel their coins are safe. Regulators can go a big distance in making it safe if they keep a close eye on the exchanges. |
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Is it possible that all current blockchain-based cryptocurrencies (like Bitcoin) can be hacked in just a matter of seconds? It indeed seems possible, based on the statements made by Dr. Joseph Liu, Associate Professor at Monash University. Dr. Liu’s qualifications add allot of weight to his statements. He is the Head Researcher at Monash Blockchain Research Lab, the Chief Scientist of HCash and he is also the co-creator of the Moreno cryptocurrency. In other words, his statements about cryptocurrency development should be taken seriously... https://www.bitcrypt.co/every-cryptocurrency-hacked-in-seconds/None have been hacked yet. The weak point has always been the exchanges, or people being phished. |
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It talks about the current state with negative interest rates. Which countries have some "maneuver" space. How long can this go. What is the problem regarding negative interest rates. How they don't affect cash and how to make it affect on it. How it could be solved using some kind of e-cash. Pros and cons. Link: https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/So even if the economy has been doing good in the last 10 years interest rates haven't increased. So what will central banks do to encourage spending after the downturn? If they would lower interest even more people would start to withdraw cash because at least they wouldn't be losing money on a bank. So they propose a solution to take money directly from our pockets. IMO this system is just set to be doomed... Is this a call for cryptocurrencies. This way they can't steal directly from our pockets. Your thoughts? The European Central Bank has negative interest rates of -0.4% for banks who deposit their reserves with the central bank, and a 0% interest rate for consumers. It's a disaster - because it is costing banks just to hold reserves at the central bank, it makes it harder for the bank to make a profit, and the number of European banks in trouble is increasing. Several German landesbanks are in trouble, ditto for italian and Spanish banks. The ECB needs to normalise and fast. |
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CW is suing everyone that is against him. He is making himself the laughing stock of the century. Everybody knows that he is not the real Satoshi and yet he still insists on his claims. When will this guy ever learn and stop all these nonsense claims and suing people for telling the truth?
This is a risky move on the part of Craig Wright. What if the court orders him to prove he is Satoshi, and he can't? That pretty much nails his claims that he is satoshi once and for all. |
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