Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
Technically governments cannot do anything about bitcoins as long as INTERNET stays decentralized. But, governments may impose all kind of regulations on all types of crypto related entities. But, when people get into P2P level of transactions alone then government restrictions will become void. So, there are less possibilities for governments to hijack bitcoins in any means. The essence of bitcoin itself is a decentralized system. So the point is how a system is able to run on its own without interference from other parties, and that also includes the government. The government may be able to enforce a fairly stringent regulation like in India, but a decentralized system still allows bitcoin to run even without support from other parties |
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If you still want to trade even in a losing position, then you should try to analyze the strategy you are using. because patterns in trading usually occur because of habits that we often do on a daily basis. I'm not saying that everything will be easy, but if you can analyze your failures, then you will find a solution.
Try not to get too affected and don't chase losses. If you try to chase the losses you get, then you will continue to be in a losing position and will even increase your losses. Find another way, or use a method that you understand, trading too much is not good either
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Both are overvalued due to the sudden increase in the number of users during the first quarter of this year and the increase in the value of Bitcoin.
If the competition is between Coinbase VS Binance, then Coinbase is valued at less than its value compared to Binance or vice versa.
- Binance value is not true because they are manipulating BNB price and BSC volumes.
- Binance can manipulate the value of a lot of altcoins.
- Binance does not have clear regulatory information.
- Many of altcoins that are listed are subject to how Binance make profits from them not its real value.
I just wonder if manipulation can be done on a large scale? we know that binance has a very large user. I agree with you that both of them are overvalued, but in terms of manipulation maybe the manipulation they do is not a large percentage and under certain circumstances, I'm just guessing that they did it to make short-term profit on a certain coin. Crypto is closely related to current trends, NFT, Dex and others. a lot of money has come in from retail investors who are new to crypto in the last few months, that's why their value has increased so much |
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Oh that's nice to hear. I thought they already had a crypto arm anyway didn't they? I mean, weren't they the same guys behind the original dogecoin pump? I wasn't following the Gamestop thing closely enough but I understood the doge pump was mainly from the same guys in that group.
To the moon;)
Aah, really? I didn't really follow the GameStop case either. I think they started to allow discussion of crypto because Coinbase started listing on Nasdaq. Coinbase debuted on nasdaq quite well and I think they caught the attention of the discussion there and then they allowed crypto discussions on the subreddit, lol. cmiiw |
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Now that Coinbase has been valued at double digit billions, we have to wait and see what investors like Warren Buffett have to say about it.
They have always shied away from accepting Bitcoin's value due question the underlying fundamentals. Coinbase with its 56 Million customers should give them some reason to derive a valuation. If the stories of the Dot com unicorns and their stock appreciations are anything to go by, Coinbase can be one of the best long term investments.
Maybe veteran investors like Warren Buffet have ethics or principles in investing, such as only investing in something that has strong intrinsic value? or they hold their own investment fundamentals, cmiiw. btw, now wallstreetbets ( https://www.bloomberg.com/news/articles/2021-04-15/wallstreetbets-bows-to-crypto-wave-allows-bitcoin-discussion) have also started with crypto discussions such as btc, doge and other top coins. I think listing Coinbase on the Nasdaq will make the process of adopting crypto as a mainstream investment even faster. |
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The present movement of the price in the last 24 hours shows that we are nowhere the bearish season. And as majority is saying, $100k is the biggest goal for this year before we can see if we will have a massive sell off that might stake the bear market, or the sell off will be just another market correction and then push to $100k or higher. So we might not see the bearish cycle for this year, in my opinion.
I saw the news about Coinbase which will soon be listed on Nasdaq, this of course will also make the bitcoin price level stronger than last time. Regardless of when the bearish cycle will occur, I am a little sure that with the massive number of celebrities promoting the current NFT as a trend and also a lot of money going into crypto, bearish will not happen anytime soon We cant say that it wont happen but it is less likely to be seen as of this year where the market is had been barraged down with lots of positive sentiments or events which would really be helpful into further adoption in the market which is really great on the entire community.Price is already to expensive to buy a whole coin but to consider that we can still buy in portions or satoshi. Bearish season might come but it wont really be early on this year if these positive news do keep coming every now and then. Ya ya, What I mean is that the price is already high but there are still many people who put their money in crypto making the bearish phase going to be longer or will not happen anytime soon (although market cycles like berish are certain) because most people see crypto as an opportunity to get profit, so the price will be difficult to go down |
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As long as the exchange is running and keep the people's trust it will remain valuable, especially now that it competes ETH blockchain. We might see blockchain projects from eth shifting to BSC, well, there are some already.
There are many projects are adopting BSC by leaving off ethereum because of high transaction fee problems. When there would be a need of cheaper transactions and effective platform for dapps then binance may remain valuable forever. At the same time we cannot assure about attaining a stable price level in any near future. Like many people are mentioning, BNB might be imitating the price fluctuating pattern of ETH. This way some experts are speculating about it will be reaching $1000 mark by end of this year. So, at least for near future it will remain valuable and profitable as well. I won't say they will remain valuable forever as there will be new technology that may surpass what they are offering in the future. But for now, what they have is very favorable to a lot of users as well as developers. I believe this change of heart among crypto users from eth to bsc has already reached the eth team. So more than likely, once they unveil their berlin hard fork, there may be improvements in eth network. Interesting to see what advances they will make this time. They need to gain again the interest of crypto users on their platform. New technology won't be as easy as turning your palm. I'm also sure there will be new innovations but not in the near future. The problem that Ethereum faces today is quite complex and BNB is able to come up with a better solution. I don't think that ethereum has lost the competition, but if we look at some of the projects with an almost identical product like polkadot, they can't even come close to the current BNB level. |
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The present movement of the price in the last 24 hours shows that we are nowhere the bearish season. And as majority is saying, $100k is the biggest goal for this year before we can see if we will have a massive sell off that might stake the bear market, or the sell off will be just another market correction and then push to $100k or higher. So we might not see the bearish cycle for this year, in my opinion.
I saw the news about Coinbase which will soon be listed on Nasdaq, this of course will also make the bitcoin price level stronger than last time. Regardless of when the bearish cycle will occur, I am a little sure that with the massive number of celebrities promoting the current NFT as a trend and also a lot of money going into crypto, bearish will not happen anytime soon |
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This should be self-explanatory. According to worldometerIndia's current population - 1,390,834,742 Nigeria's current population - 210,323,275 Even if the rate of crypto adoption was quite high in Nigeria, I don't think they can beat India's numbers in the near future. Population numbers play a much bigger role. Yes, maybe in terms of population India should be very superior when compared to Nigeria, but several other determining factors such as government regulations are very important. I see that India still has a few difficulties in implementing good crypto regulations, whereas Nigeria has found it easier. From the perspective of technology itself India should also be superior seeing the number of "big tech" that is there, it's just that the rather complicated regulations make Nigeria currently superior in their adoption |
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All depends on the stability of bitcoin price. If bitcoin price manage to stay above 40k this bull season will last for at least a year. IMO alt season hasn't started yet, therefore anticipate more positive action. As for any market there's going to be a correction sooner or later and this time things will be different. All the best!
Yep, the correction is certain to happen because it's a market cycle. but I think so far no one can predict accurately at what price level bitcoin will experience a correction, even this bullish cannot be predicted accurately. we can only observe and determine our next investment plan |
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I don't think India will permanently ban cryptocurrencies! Especially since this is not the first such statement about banning cryptocurrencies... Maybe it's just a fud and they will create regulatory laws in the future...
What I want to know is can they really do that? they are the second most populous country in the world (with a large number of crypto users of course). I think it will even cause a little social or economic turmoil if their governments cannot handle it with the right and proper method. it is better to look for alternatives to how India is able to use crypto for better than limiting it |
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There are many places where you can learn about cryptocurrencies such as twitter, Facebook, telegram and cryptocurrency forums.
Personally, I usually update information about cryptocurrencies here right on the Bitcointak forum, most of the alternative currencies have topics on this forum and we can find out a lot of information from there.
Yep, bitcointalk is great for beginners. btw if you want to invest, look for a project with a real use case. I'm sure a project with a real use case definitely has a potential return on the investment you are going to make. Of course you can also look at references from seasoned investors, but make sure that they are credible and have legit advice |
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There is always a correction for every bullish and bearish trend. It just depends on how much of a correction happens. Sometimes, the correction is not major as to cause significant changes in the direction of the market price.
It is however advisable that one should be able to discern and know when a major correction is impending so as to get out as soon as one can. It is only imperative to understand these things so as not to stay on a losing trade
For now the correction will probably only occur if there is a large movement like Tesla or other large holders. the rest will only be minor corrections due to the trend. cyclical market is definitely there, but in the case of bitcoin, I don't think the correction will reach a very low price level like 2 years ago |
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It would be amazing if someone can predict that accurately.  10k is too far by now. I think there is so much reason about why it won't go back to that number again. Institutional investors and big companies already holding it. I doubt they will sell in a rush. Minimum will be 5 years before they might start dumping it. Elon Musk has his shares too and I don't think he is the type to just sell it because there is no need for it just yet. I agree, I know that people now want to have the chance to buy once again at that price but they had months or even years to buy for a price that was way below that and they did not took advantage of it, people need to just accept the reality of this, that price is never going to come back and they have to take a difficult decision, they buy bitcoin right now at a very high price or they wait for a correction or a crash to come so they can buy for a cheap price with the disadvantage that the price could skyrocketing while they wait. Yeah, and market crash for bitcoin is almost impossible. maybe there will be a correction in the next few months, and even then I don't think it will reach the price level below $30k, considering that now bitcoin has a strong holder like Tesla |
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I think Chinese New Year on this year may not or less affect to Bitcoin since we're still on pandemic/new normal, many countries nor peoples aren't celebrating due to social distancing. So, many peoples aren't travelling or spend their money to buy some stuff to celebrate on their homes, probably they still celebrate it but only with their family.
I don't really understand the regulations of social distancing in China. but I saw the news during the new year 2021 they also celebrate it. maybe they will tighten their social distancing regulations even more, because it's their native new year? I'm not really sure about that either. but maybe it will keep trading activity in China less and maybe there will be a decline, but I would not think that the decline will reach the price level below $30k. maybe between $31k and it will recover pretty quickly, considering that we are currently in a pretty positive trend |
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That's right, and the most important point is that bitcoin is able to provide bank services to almost anyone in the world who may not be qualified to open an account. it is true that every place or country has a different standard of living, but I think bitcoin has become a very good and effective solution when compared to before bitcoin.
Bitcoin is also freedom, which almost anyone can use as long as there is internet. bitcoin provides financial services that should be provided by banks by charging fees, whereas with bitcoin we can get the same financial services as banks for a much cheaper fee and even barely pay these fees. I guess that's what it means to help the poor, by bringing financial banking services to everyone without having to go through confusing bank structures and high fees.
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Singapore and Switzerland are the two countries that may adopt bitcoin on a national scale. Singapore has pretty good and clear regulations regarding crypto and blockchain. Besides that, Singapore is also a country that is very advanced in its financial sector, this makes Singapore very relevant for crypto and blockchain to develop.
Then the crypto valley in Switzerland is probably the most crypto friendly jurisdiction in the world. Many big startups and projects are now based on Zug such as Ethereum, Cardano and many more. This indicates that Switzerland has the capability to develop in the crypto and blockchain sector.
Maybe other countries like Malta have almost the same potential as Singapore and Switzerland, but for now, if we talk about mass adoption on a full scale with economies and proper regulations, I think Singapore and Switzerland are the two places that have this capability.
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There are so many scammers who try to impersonate Elon Musk to spread phishing links or fake give a way. maybe this is because elon musk changed his bio on twitter to #bitcoin, and from that trending scammers tried to take advantage of the moment to start looking for people who could be fooled. sadly, because this movement is quite massive and the email link looks quite interesting, there are still people who believe it. a few days ago I saw from one of my connections on linkedin that (fake) Warren Buffet gave a $1 million give a way to random people as a form of charity and asked to confirm that the email is valid, then confirmation will be done. (I bet that you will be asked to fill out a strange form or send a certain amount of money to a btc address). I mean, what kind of joke is this? We should know that something like this could not be done by Elon or Warren, smh.
Then the second form of scam is about phishing websites with similar domain names. I'm sure many friends here have seen the same domain name with different extensions, this kind of phishing method is quite old school but successful enough to trick beginners. Most people who are new to crypto will look for information about wallets and exchanges, it is often taken advantage of by scammers.
The third form of scam is with hacked accounts. I saw the news that there are several verified Twitter accounts hacked to promote fake give a way and also spread phishing links. This method is quite dangerous because most of the followers of the hacked account might not even know that the account has been compromised.
be careful guys, always check the link that we will click on, and always verify.
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I am not surprised if the government and banks give negative statements against Bitcoin, because they feel threatened by the presence of Bitcoin.
Though they don't need to do that, because I don't think Bitcoin will threaten fiat or replace it. Bitcoin was created as a payment alternative for fiat,
so it is easier for people to make financial transactions on the internet. Sometimes the government is often overreacting to Bitcoin, but today's
society is getting smarter and will not be affected by negative statements about Bitcoin.
I mean this is natural. the decentralized system is in stark contrast to the economic system implemented by banks. they will definitely feel that when bitcoin starts to grow rapidly and people start to switch to using bitcoin then at that time the bank will go bankrupt. Although currently people who use bitcoin are still not compared to banks, look at their reactions. every time bitcoin breaks a new record, one of the board members of a particular bank will issue a statement such as bitcoin may become 0, bitcoin without a clear regulatory basis and others. because they know that bitcoin will start to take over their financial system |
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