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I think its not yet out of that bear trap. Its just stronger than last couple of months. But we need bitcoin to hit at least 10000 dollars maybe even 12000 dollars to say that its really going out of bear market.
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I am currently interested to buy into lending projects: salt, ethlend, tokenlend.. I think this is whole new industry that may grow up significantly over time. Prices will follow quite easily and even 50x is possible.
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This is pretty much normal because bitcoin is very speculative investment it can drop down -%50 in just 12 hours. Also it can easily be lost in unwise hands. You need at least intermediate level mind to use bitcoin.
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People spent their life on traditional economics have no clue about bitcoin. Its very very normal thing. They don't know even history of bitcoin how it kept recovering after crashes and reached higher prices..
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I am one of those rare people that suggest bitcoin will reach 50000 dollars. But my suggestion for it to happen is late 2019 or even 2020. 2018 is very early for it to happen in my opinion and it needs more time.
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I am %100 sure with bitcoin it will shoot stars yet again. Latest all time high wasn't even big much comparing to internet bubble. We will see even higher levels maybe even unimaginable levels with bitcoin.
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Nothing lasts forever. It will stop increasing in sometime. But we all know we are still in early adoption phase of bitcoin so price is very speculative and open to keep increasing more and more over time.
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I think its even better that bitcoin sharply rises and falls. It caches interest easier than any other investment schemes. It creates great wealth for people buying and selling on right times so..
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I think this isn't completely true. Bitcoin basically has mechanism that proves its price called proof of work. Basically yeah we all are speculating above it but even at dip it doesn't worth "nothing". It worths more than electricity consumption and compare it with fixed supply.
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As you can see 15k in this month wasn't possible. This isn't that easy to happen. Bitcoin can surely reach 15000 dollars value yet again but its going to last long and it will take patience. I think 2-3 months more waiting.
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Seeing full greens in the market feels great yet again. I remember those days when we were just praying for bitcoin to not drop under 5000. Now it easily hit 9000 and I think its heading towards 12000 dollars..
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I don't have clear answer to this question. But if I trust my logic and feelings I think it "was" bottom. I first thought current small bullish move as bull trap and I guess I am proven wrong. Markets feel lot more secure..
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I really dislike this fud made about bitcoin. Nothing is finished with bitcoin and it will keep dominating real world in coming 5 years (I am sure) Price volatility is nothing, just think about technology and how unique it was.
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To be honest this is very sad truth. All regular people I told about bitcoin first thought its just another get rich scheme or ponzi. Its hard for them to understand how wallets work, how blockchain works with transactions and confirmations.
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I don't think that much big price swings happening anymore. Bitcoin somewhat stabilized itself around $8000 level. But I don't know what future will bring, I feel like big price swings are okay for short term traders to profit harder.
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I really cannot understand if this man is wise or just crazy. He is actually doing great in his businesses but his speculative suggestions feel like all TOLD FOR JUST ADVERTISEMENT. This is a guess. I really start to think that he loves bitcoin like his son or something.
I think price will eventually reach $100.000 btw. 1.000.000 feels impossibru!
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I can see now that total marketcap started to go up since lastweek, maybe an indication of bullish market for crypto,.
rise of the total market cap does not necessarily mean price rises let alone a bull market! what you are seeing is mainly the bitcoin rise effect which has first incresed the total market cap when bitcoin price went up then as the price became pretty stable altcoins began to rise and with that market cap went up. none of this means a bull market. we really just have to hold and believe, Patience is the key of success.  those who are still holding even 70% loss is the true warrior in market., you cant win unless we fight,, whoever held altcoins while losing 70% has no idea what he is doing. i wouldn't use the word "warrior" i would use "idiot" instead. Sad to say I completely agree with your sentences but I am one of those idiots. I believed markets reached specific point that may keep pushing it even further without correction. But I was hit hard with reality. It is too early to tell it a bull market. |
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Yeah I think bitcoin gained lot of trust and it already turned into digital gold to be used. We can safely say bitcoin will stay with us for many many years, price dumps don't really matter cause speculations don't damage gold.
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I am pretty sure at least %70-80 of cryptocurrency traders don't care about taxes at all cause its very easy to avoid. Americans are no different. But it might have affected couple thousands people to buy more.
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Bitcoin is in still gray zone in most countries all around the world. So even if you alert authorities there isn't much you can do, I am pretty sure there is serious lack of knowledge about cryptocurrencies at police department.
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