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Bitcoin is not at all a bubble.No bubble could exist continuously for more than one year.Many wrongly predicted bitcoin to be a bubble and missed the golden chance of investing in it.
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No.I don't think so that bitcoin would reach such a big price within next four years as we could see bitcoin price already struggling to cross the 7,000 price range.Even the Last year ATH price was only due to bitcoin futures.So such a big price seems to be unrealistic for me.
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I have not heard about that exchange and i strongly advise you to do research well before transferring your coins to any new exchange.Some exchanges give the offer of zero trading fee and finally they run off with the investor's money.
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hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???
No.Bitcoin price has already started to recover.Its now moving in the upper trend.Bitcoin's today price is 6,670 dollars and it's said that big whales have started their job to push up the price. |
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Dont Buy BTC Expensive, Wait. Whale want to sell you Expensive BTC now, wait and buy BTC cheaper.
I think that whales have already done their job and bitcoin is now pretty much lower when compared to its past price.It would be better to buy bitcoins now itself before the whales again start to rebuy bitcoins making its price higher. |
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Already most of the african countries have a weaker economy and their people were suffering to increase their earning opportunities.Bitcoin has been a blessing to ty hem and now one step ahead,they have bitcoin ATM to buy bitcoins.
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Nowadays we could see such news about exchanges being hacked regularly which was a very rare news in earlier times when Mt.Gox got hacked.Such incidents strongly affect bitcoin price but this time,the impact is not much bigger.
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If anyone forgets the private key of his bitcoin wallet,then his bitcoins would remain idle in his wallet until private keys get recovered and used.
So the best way is to both print the private key and store it safely as well as save it in a pendrive and have it in a safer place.
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If bitcoin to fiat exchanges gets banned,then people would just switch to telegram chats for selling bitcoins in person face to face as it just happened in China earlier when the Chinese government banned the bitcoin exchanges.
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We must first understand that blockchain is the technology in which bitcoin works and most of the governments as well as banks too have realised the true potential of blockchain and benefits in using it.So they have adopted blockchain and not bitcoin.
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Just bankers and financial firms pay media to spread false information about bitcoin.
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Either if any country approves bitcoin or not,it could not be banned completely as it is a digital currency.Unless internet is banned,it could not be banned.
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Definitely media news have a great impact over bitcoin price.Today media could fabricate any news and present it as a true news.That's why many big financial firms continuously use media to spread negative news about bitcoin which in turn affects its price.
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Yes when bitcoin's price falls and goes even below our purchase price,then it would be a stupid decision to sell our bitcoins as it always has a tendency to rise after a price decline.But this strategy would only suite for bitcoin and not for altcoins where there is no guarantee that it's price would surely increase.
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It's mainly because bitcoin being the pioneer and all the altcoins are being valued based on bitcoin price.
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I would just continue to hold my bitcoins as i expect that it's price would soon recover.So no matter of panic selling.
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That would definitely help to stop monopoly in mining by China which has the largest number of mining farms in the world.
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We had seen that bitcoin's bottom price has been 6,500 dollars for the past few months.So if it falls till that limit,then there would be nothing to worry but if it falls beyond that,then our investments should be reconsidered.
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Till now,there seems to be no coin which could challenge the leading position of bitcoin.But we could not say that this would last for ever.A coin which could replace bitcoin might come in future.
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Andreas has perfectly described the current situation.But just a small chance that he described that we are in laughing stage in 2014 and now in 2018,we are in the next stage of fighting.Just the final stage of winning is to come.But the bankers would not let us easily to win.
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