We always ask why Bitcoin price goes down or up? But most important thing that we don't understand is that we control Bitcoin price. You control Bitcoin price! No Banks, No goverments...
If we all would decide to not sell Bitcoin in exchanges for less than a million Bitcoin would worth 1 million. My message is that if you want Bitcoin price to become one million don't sell it cheap at exchanges it worths much more...
That isn't how it works. We can't just start selling Bitcoin for a million dollars and expect people to buy it. If Bitcoin is really only worth 1.2k, then why the hell would anyone, in the right state of mind, buy Bitcoin for 1 million dollars. It just doesn't make sense. We are not the only people who control the price, there are a lot of things that add together to make the value of Bitcoin. Bitcoin cost was 0.10$ cents now 1300$, why they should pay 1300$ instead of 0.10$ cents? Because Bitcoin now worth more than cents, same would be with the million. If Bitcoin costs a million, then it really costs a million. I think what op meant in his post is that if nobody sells, bitcoin will reach a price of one million dollars per bitcoin one day. Not that there are people out there, stupid enough to pay a million per bitcoin today. Op's theory is that we dictate the price by not selling.
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Curious since this is actually a bit annoying. But can anyone send a reference or source as to who/why is keeping the price of btc above 1k for this long?
*Yes I want it to fall, nothing to hide here*
Till now since I have came across knowing bitcoins I never heard a genuine reason about why the price is getting high and then low or vice versa. Only logic given to me is that the demand and supply have a difference and that's the reason. By the way man why you want the price to get low ? I'm sure that OP is a trader. He wants the price of bitcoin to get low again so that he can buy bitcoin and sell it on high price, or he can also hold it and wait again until the bitcoins price gets high again so that he could earn huge profit from it. But I think bitcoin would be stable on $1000 and the next PUMP would be $1500, though I am not sure if it is really going to happen. Those are somehow the same thoghts I have. The actual price is good for the coins I already have... but somehow I would like to have more. And of course I would like to get them a little cheaper than the price is at the moment. But who knows. Maybe in a few months we will remember this time as the time where bitcoin was still cheap...
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I don't see a chance that it will be possible to regain your wallet. Even if you made just a fast formatting of your hard drive (a complete formatting writes zeros all over your hard disk, so there is nothing to recover under that circumstances), you installed a new windows on it and it's relatively sure that you put some data on your computer as well. That will have overwritten parts of your old wallet most ceratainly. Of yourse you can try it with a program (the one I know is named recuva, it's for free), but I would not have any hopes if I were you.
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I don't see the price increase dramatically in March. Everybody is expecting an increase with ETF approval, but I think we have already witnessed that increase. I expect the price to stay stable for a few weeks now. And after that, who knows...
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I think it will be more like the speculation before the halving. Everybody expected a price increase after the halving, but nothing happened. Instead the real price increase happened before the halfing. I suppose it's the same with the price increase we are watching now. Nothing is going to happen after March 11th.
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I do not think that bitcoin has what it needs to become a main currency. First of all, I think that the process of decision making is way to slow in the bitcoin system. A currency must have the capability to react on circumstances of the economy, and I do not see that is given with bitcoin.
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OP diid mention good points whe we should choose bitcoin rather than the traditional way of using money honestly I choose bitcoin because of what the OP stated in the number 2 , It has low fees or almost nothing ! I use to send money from my relatives all over the globe and using remittance center was really uncomfortable for me so good thing that I found about bitcoin and i save almost $200 in fees now ! long live bitcoin !
Yes money transfers have become very easy and cheap with the help of bitcoins as you don't need to go to banks or WU for money transfers which also saves lot of time as it can be done with just a click of mouse but still the confirmation time is creating an issue sometimes so if you want to confirm it fast then you need to add higher fees. I think as well that confirmation time and the amount of fee might become a problem within the next few years. Hopefully we will see a decision here cause otherwise the wealthy and the speculants get a hold over bitcoin. And for a currency that is meant for everybody, that is not a good thing.
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I though bitcoin transaction are de-centralized and pseudo-anonymous? With this development, the Philippines Central bank will not have total control and the local exchanger registered users are now subjected to the new circular. So goodbye for being anonymous which defeat the purpose of using bitcoin as mode of online payment and transaction.
Bitcoin transactions are anonymous if you move your coins from one wallet to another one. In exchanges, you convert bitcoin into fiat or other crypto currencies. That is something different. Most countries have laws that exchange owners have to get some form of ID from their users if fiat money is involved. This is some sort of protection against fraud and money laundering I totally agree with.
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I have just read about this guy Jiang Zhuo'er. From What I could find, he is the owner of mining farms in China and apperently against the activation of segwit. Am I the only one who finds it strange that he asks the authoity how bitoin price can be controled via exchanges?
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If we can make the government agree to accept bitcoin, they will demand that we need to provide an identification for every wallet and transactions we will make. It might also demand that every transactions should be taxable. Are you prepared to accept that? Because if that will happen, we will lose the very essence of bitcoin.
That's what Europe would like to add and talked about recently. Listing and track each bitcoin users. As for the taxs, why not, it helps the country (considering it is used efficiently) Aren't you happy to have hospitals, or your kid can go to school and you pay nothing ? Then it is with the taxs collected. People should be happy to pay taxs. For exemple you see people who complaint about their country telling the hospital in the city is bad, roads are not good, ect ect but they fraud the taxs LOL, this is ironic I think one reason why many people do not want to pay taxes is that they think the taxes are not used in a correct form. In many countries taxes simply disappear in deep pockets or are applied for useless stuff. Curruption itself is the biggest problem, unfortunatelly bitcoin itself with its anonymity can be used for exactly that.
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I have read a lot about the ban of bitcoin. But is there really a country out there where the posession of bitcoin is declared to be illegal by the government? I have just found this statement from the bangladesh bank: "anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws".
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I don't think as well that the rapid growth of bitcoin price is good. It attracts too many investors who want to make quick money. As fast as they are in, they are out again. That creates an uncertainty that is not necessary. To me a slow and steady growth in price is still the best option to make bitcoin great...
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I suppose this is some kind of spam effort, and not a natural growth of bitcoin transactions. Maybe somebody is trying to bring the bitcoin price down by delaying the confirmation times. Or a segwit supporter tries to show the importance of the segregated witness soft-fork.
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Just because the file has bitcoin in its name, it does not really have to do anything with it. But I have noticed that the malware is located in the java folder. Personally I would say that it's not wise to let java store any kind of files on a computer (there is even the question if she needs java at all). I would really change the settings in the java controle panel so that it does not store any temporary files on the computer anymore, deactivate java in the browser content and empty the cache folder as well.
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I think that no rules here are aginst that. But I think as well, if you have more accounts your post quality will suffer from that. Due to the amount you would have to write, most of your posts would be useless stuff (because the writing itself bores you). And low quality posts are not appreciated in signature campaigns. That can quickly get you a ban of the signature campyign you participated. My advice would be to use one account and fill that one with quality posts.
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I don't think bitcoin could help me with financial problems. My bitcoins are either bought from money I already have, or earned by a sig campaign. The earnd coins ar not enough to be of any help, and the bought ones come from money I already have. To me bitcoin is more of a hobby, and hobbys usually cost more than you can make profit out of it.
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I think as well that declaring bitcoin to be illegal is going to bring the bitcoin price down for a longer period of time. A lot of people would want to sell quickly, without coming back later. And to me the chances of that scenario becoming realistic is getting more likely every day. Somehow I can imagine that the new president wants his cityzens to use the us dollar.
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To me there is not much influence of bitcoin on daily life. I make some payments of digital goods with it online, and have some bitcoin savings in case of a price explosion. But that's it. Where I live most things simply can't be bought in bitcoins. So there is not much room for a big influence.
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Honestly I don't know how the term mass adoption would be defined. Bitcoin is mainly an online currency and a few million people all around the globe use it already. From that point of view you could say that a mass of people has already adopted it. But will a majority of the people use bitcoin one day? I don't think so. People like their fiat, and for most of them there is no need to go into bitcoin.
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I don't think that there is a government that supports bitcoin. Some goverments make it harder for their people to deal with bitcoins than others do. But the real support for bitcoin must come from the people and the industry by using it. I think that in countries where the population is more conservative the support for bitcoin is not that strong.
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