Well, Bitcoin made it up to $16k slower and without that much hype this time. I honestly don't understand what brought it that high after all these years, but I think that if there's less hype over it now than in 2017, it's a good thing. I believe that because broad media coverage encourages newbies to buy out of FOMO, and then they start panic selling once the price gets a bit lower, causing a huge drop. Maybe this won't happen this time. It would be nice if it doesn't because I don't want 2018 all over again. I think Bitcoin might reach $20k by the end of 2020, but I'm not sure I want it to. The price is already very good, and slower growth or even stabilization is preferable, as for me.
Well, bitcoin's recent rise to $16k wasn't like 2017-levels of fast, but it still wasn't slow either. As for what brought as to these highs without the mass hype, I'm guessing that it's actually institutional investors(though I don't have anything to back this up). It's the only thing I can make sense of besides old bitcoiners buying more bitcoin. |
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I don't get it, why would people would invest in BTC now? current price is $16K but people still invest in it.
It's pretty simple. A lot of bitcoiners including me thinks that bitcoin is worth far more than $16k. even if it reaches imaginary price of $32K people would get just +100% of what they've risked while you can invest in altcoins and MAYBE get easily 10x-100x on your risked amount...
"Imaginary price" lol. Guess what? $1,000 was also an "imaginary price" years ago. And guess what happened? $1,000 is the "cheap" price now. As for gambling with altcoins? Might as well just go to a casino. |
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Having irreversible transactions is actually one of the best features of bitcoin. If you actually try selling stuff online, transactions being reversed through credit cards and services like PayPal are definitely one of the things you should watch out for. With Bitcoin though? No problem. This is why bitcoin is pretty much one of the mostly used payment methods in gaming black markets.
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Agree about 346M users and I myself have a PayPal account, that's a big step for adoption. it's still lacks some features that regular exchanges have but it maybe just the beginning or they can easily establish a partnership (or buy) with some platfrom
It sure does lack features of common spot exchanges, but it has enough to be a sort of Coinbase(not Coinbase Pro) competitor. Basically, quick market buys and market sells in just a few clicks. That feature seemed to be enough for the typical not-super-tech-savvy speculator. |
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If we get to a new ATH things could get really crazy really fast.
We're barely getting any publicity right now. I have the same thought, whereas we're going to get 2017 levels of mass publicity once bitcoin has broken above ATH, as bitcoin would probably be all over the news by then. And with that, I'm also kinda expecting 2017 levels of a price bubble; fortunately and unfortunately. |
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I mean, since PayPal already allows the trading of a few cryptocurrencies, then by definition it's already a "crypto exchange". And I realize that a lot of people are excited about this, but I just don't see why. Skrill has done the exact same thing some months ago, and no one turned this into a big deal so PayPal should be no different.
There's a huge difference though, and that is that PayPal already has 346 million users[1]. While the crypto trading service isn't available for everyone yet, just imagine how much people would have exposure to bitcoin. They wouldn't need to install and register on a separate app for their bitcoin purchases.
[1] https://www.statista.com/statistics/218493/paypals-total-active-registered-accounts-from-2010/ |
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Bitcoin is money; and you know what else is money? The USD, the JPY, the AUD, and your local currency. And how do you earn these local currencies? By getting a job, starting a business, or having gigs.
Exactly.
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@mk4
Have you ever give it a try to Bisq? I guess nope. It's so easy to use the client that even children can use it within minutes. Seriously, you just need to enter your bank details, deposit coins, and click on a button to accept an order.
If Bisq is too difficult then the person shouldn't use the internet completely
That's really not a good way to look at things. Sure it might be easy for us, but get out of your bubble and think of people in general. The people who barely could use the internet if not through a dumb-friendly app like Facebook and YouTube. I'm not even arguing that Bisq is "hard" to use, what I'm saying that custodial exchanges are still miles easier to use and miles seamless. The fact that exchanges like Bisq only has a small number of users compared to exchanges like Coinbase proves my point. |
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Bitcoin supports anonymity so where are they getting their idea from?
I don't have the data to back this up, but I'm pretty sure it's because of government regulations. No sane business would require AML/KYC just because they want to(especially in the cryptocurrency industry), because obviously AML/KYC would cause the business to lose customers. It's the same reason people have shat on ShapeShift in the past even though they were just forced require AML/KYC. |
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As far as I can tell, you're not able to buy any actual bitcoin from them, just a bitcoin balance held on PayPal's books which you can use....for whatever.
If I understood it correctly though, PayPal is actually required by law to actually have real bitcoin. Hence why PayPal is at a partnership with Paxos for the custody of the "real" bitcoins. I'm definitely not saying that people should buy bitcoin from PayPal because you'd actually need to trust both companies(which is unnecessary), but yea. |
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I mean, the USA is literally the world police.. So Let's say they want more Control over BTC...
They cant touch the BTC its just computer based Virtual thing right?
They Can only be involved in fiat Exchangers...
Though they could attempt to have smear campaigns and such to destroy BTC's public image, they really can't, or at least, it's going to be really really difficult for them. Let's not kid ourselves though, they can deploy mass FUD campaigns to drop BTC's price temporarily, but definitely not kill the network. |
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I've sold some bitcoin in the past with the price as low as around $700. Do I regret it? Slightly, but not really. It's not like I used the money to buy useless stuff, as I used the money to grow an online business. Though I would have made a lot more money buy holding the bitcoin instead of starting online businesses, the knowledge I've gained is definitely worth it.
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Here you go: Any reason why you want to install an older version though? |
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Mahirap ba talaga bumili ng bitcoin kung sakali mgkaroon ng ATH?
Mahirap in what way? Sa tingin ko ang mangyayari kasi babagsak ang presyo ng bitcoin malamang at itoy mgkakaroon ng cycle kung saan makikita na naman natin ang pinakamababang presyo ng bitcoin. Ito siguro ang pinakainam na panahon kung mg invest ng bitcoin.
Madaling sabihin in theory na bumili nalang pag bumagsak ang presyo. Pero ang tanong, kelan ang bagsak? Hanggang saan ang bagsak? Gaano katagal ito babagsak? Mga tanong na walang makakasagot kundi oras lamang. Famous investing quote: "time in the market beats timing the market". Check it out yourself kung bakit DCA ang one of the best options: https://dcabtc.com/ |
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This is very concerning news.
I personally don't think so. If a certain mining pool imposes KYC, then what's stopping miners from hopping to a different pool that doesn't impose KYC? Seems simple enough to me. Or am I missing something here? |
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How you did you change from a bounty hunter to a contributor on the forum? It is not easy but you did it.
I'm obviously not OP, but a lot of people are really overestimating how easy it is to actually be a decent "contributor", well, assuming that you're actually interested in this forum's niche which is Bitcoin. It's just most people aren't interested with Bitcoin at all, they're just interested in getting bounties for money. |
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Exactly! Just trying to figure it all out so rephrasing it in my own words. Thanks for the info btw! If you have any sources you'd recommend to learn more I would greatly appreciate it
It really depends on what you're interested in learning though. |
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Why the heck does things even need to be "sexually balanced"? Sectors like technology has always been male dominant whereas healthcare and education has mostly been female dominant. Is there anything wrong about it? No. Let people work on their interests regardless of gender dominance.
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Just wait for the Epochtalk version of Bitcointalk, as it will be far more mobile friendly. Though I'm really not sure what year(or decade lol) it will actually be released..
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Nice attempt at trying to get clicks on your website, OP. Gotta say, I'm impressed with your attempts at being subtle. But at the time of writing, looking at coinbazar724.com, Bitcoin price is $ 15,865.64.
as of now, from CoinBazar724.com, Ethereum Price is $464.03.
I was reading a post on CoinBazar724.com which was directed from cointelegraph.com saying that BTC may reach to even $17k!!!
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