Bitcoin Forum
May 24, 2024, 04:01:40 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 ... 125 »
81  Economy / Speculation / Re: What will governments do next to manipulate Bitcoin? on: June 02, 2020, 09:19:21 PM
You already answered your own question, OP.
The government will keep doing this cycle, over and over again.
My fear is they might be using bitcoin to be able to print money indefinitely, without any consequence (such as inflation). They print trillions of dollars, use it to pump bitcoin, then dump when inflation hits. Bitcoin, being deflationary, can be used as a hedge by governments against inflation, which is caused by money printing.
Right now I think investors will pump it hard, using the "incentives" coming from the printing machines. Then governments will pass some laws to prohibit it, so that the cucks sell, crashing the market. Then governments buy it cheap (using their own resources this time) and relax these measures, while printing even more money (and with more incentives, new pandemics, etc). Bitcoin might also be used to fuel national cryptocurrencies, issued by central banks. In fact, central banks have been buying bitcoin since 2017, or even earlier.
There is nothing we can do about it. Bitcoin was already captured by paper speculation, with derivatives taming the price, and the correlation with the stock markets shows its just another asset for pump and dump schemes. However, it is clear by now a new price level might come, which could bring it to 50k in the next year.
82  Economy / Economics / Re: Foreigners being airlifted by countries but government is just ying to get money on: June 02, 2020, 07:02:45 PM
Is not right. However, some people in this forum might say so, because muh virus became the excuse for everything bad happening, when we all know the only virus here is called "the government", and its totalitarian, abusive measures against the population.

Worse, then, is the hypocrisy of "saving lives". Just imagine how many people lost their jobs, and how many families were destroyed, in the name of "saving lives".

It is better you pay the price they are imposing. But then, after you arrive home, do yourself a favor and put half of your savings into crypto.
83  Local / Criptomoedas Alternativas / Re: Ferramenta para acompanhar altcoins no Brasil on: June 02, 2020, 06:53:31 PM
Com a escalada do autoritarianismo no mundo todo, com cidadãos sendo presos apenas por estarem caminhando na rua, se faz necessário pelo menos guardar um pouco de monero, pro caso de uma emergência. Não é algo que você vai ficar negociando em exchanges.

84  Economy / Economics / Re: China’s digital yuan could replace bitcoin & end US dollar hegemony on: June 02, 2020, 04:29:36 PM
Well, for that to happen... other countries currently supporting the US Dollar would have to agree to that and pledge their support for the Chinese Yuan or the digital equivalent of it.   Roll Eyes  China being a communist country with an oppressive government will not count in their favour to get other countries to agree with that.


On top of that, many countries are also blaming China for the coronavirus. I cant see them doing a 180 degrees turn to accept China as their new financial master.
Something on Soros plan is not working. Unless, of course, the plan includes military escalation and war.
85  Economy / Economics / Re: China’s digital yuan could replace bitcoin & end US dollar hegemony on: June 02, 2020, 03:43:00 PM
It will come together with 5G and the orwellian social credit system. I cant see this replacing bitcoin.
86  Local / Criptomoedas Alternativas / Re: Ferramenta para acompanhar altcoins no Brasil on: June 01, 2020, 08:42:40 PM
Eu estou procurando um índice de Monero com Real (XMR/BRL). Não tem no investing.com.
Eu estava com a intenção de rodar uma blockchain de XMR, mas não tem como manter o valor em tabela, devido à ausência de um índice.

Se alguém souber de um índice, já agradeço de antemão.
87  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH wallets which support more than one address? on: June 01, 2020, 02:35:26 PM
Thanks a lot for the recommendations. I'm going to check each one of these wallets.
88  Economy / Speculation / Re: Double bottom @ 3.1k or lower low @ 2k? on: June 01, 2020, 02:32:15 PM
When banks print money, there is more of it out there and hence prices of goods and services increases like bread and eggs. Also stocks in general should increase since the company needs to charge more for their products, hence higher PE ratio.


Bitcoin is correlated with the stock market, so inflation might affect its price as well.
89  Economy / Speculation / Re: Double bottom @ 3.1k or lower low @ 2k? on: June 01, 2020, 04:23:01 AM
With the printing machines working ceaselessly, it seems unlikely the price will even touch 5k, let alone 3k.
The more money central banks prints, the more can be used to buy bitcoin, thus increasing the price.
90  Alternate cryptocurrencies / Altcoin Discussion / ETH wallets which support more than one address? on: May 31, 2020, 07:39:48 PM
I'm using the Exodus wallet, but I wanted to have more addresses for ethereum. Right now, they only allow for one single address.
The same happened with the Atomic wallet.

I would run a ETH full node but it seems it requires too much computing power. The "myetherwallet" is not a option either, as I need to open the wallet in a website, and I wanted a software which could be installed in my computer, for security reasons. So what options do we have, which allows for more than one address? Any recommendation is welcome.
91  Economy / Economics / Re: EU has joined in with 826bn. Globally over 10tn has been printed on: May 31, 2020, 01:58:55 PM
It 1/10 of this money is injected into bitcoin, the price will skyrocket to 100k.
92  Economy / Economics / Re: If Recession Kicks In, How Will Bitcoin Perform? on: May 29, 2020, 11:48:41 AM
Bitcoin will follow the stock market, as it did in the recent pandemic-related crash.

That is, every market crash will have a corresponding bitcoin crash. They are correlated, as bitcoin is being traded without the speculators having it, and the exchanges are allowing these trades to dictate the price.

Our only hope for cryptocurrencies is if ethereum, ripple and monero unpeg themselves from bitcoin. Ethereum is a utility coin, ripple could help the banks, and monero could protect the citizen against the rising technocracy, as it values anonymity.

However, it will be hard for these currencies to unpeg from bitcoin. Maybe projects related to debit cards could help with it. But we still have the exchange problem, since the exchanges are allowing for the bear market to endure, by not implementing circuit breakers in their books. I believe they have a veiled interest in extrapolating the speculation, since this could also lead to a bubble, which would be good for them. But this hurt the technology and its applications, as a replacement for fiat money.

Then you have the network issues. The bitcoin-qt software takes up to five minutes just to start. A transaction in ethereum last one second, whereas with bitcoin, it takes up to one hour, paying the maximum fee. The forks are even worse: the only transaction I did with BSV took more than one day, paying the maximum fee.

It is old tech, and the price is only high due to market speculation. In fact, if there is a worldwide EMP attack, bitcoin would be one of the first to fall.
93  Economy / Speculation / Re: Double bottom @ 3.1k or lower low @ 2k? on: May 27, 2020, 12:20:11 PM
$2k is the most likely scenario, due to bullish expectatives in relation to the halving. The bulltard cultist works for the bear.

I actually agree regarding how sentiment cycles work. The halving was a "sell the news" event, exactly the same as 2016. However, I think you're mistaken that this necessitates new multi-year lows. It didn't in 2016. There was a brutal 40% crash around the halving in 2016 but a new larger bear market never developed, and BTC was entering a bubble by year end. The same could be happening now.

My opinion on current sentiment is that both bulls and bears are currently greedy and need to be squeezed out. Maximum pain. Coming off a mid-term uptrend, my belief is that bulls will be squeezed first (40% drop like 2016 would mean $6K) and then bears will be squeezed as we enter a new long term bull market or bubble.

There is still a small chance we see sub-$3K again but I think it's much more likely all higher lows from here on out.


Of course, my prediction is quite exaggerated, but I need to prepare myself psychologically, as every time I see hype over any crypto-related event, I cringe.

People believe the cycle will repeat like in a movie. Remember that the exchanges still didn't unpeg themselves from futures markets, where bitcoin is bought and sold without anyone having it. This is the same as printing money out of thin air (inflation, which, for a deflationary asset, can be disastrous).

The most probable scenario is the price visiting the 5-6k area again. Since I'm selling in a inverted DCA strategy (a little each month), I leave the fiat in the exchange and put rebuy orders in that area.
94  Economy / Economics / Re: Is the US Moving Away from Capitalism and Free Market? on: May 27, 2020, 12:09:22 PM
Only now you noticed it?

The US is a socialist country for a long time already. Their government still allows people to have guns, though.
95  Economy / Economics / Re: Could CBDCs defeat crypto in the long term? on: May 27, 2020, 12:03:27 PM
CBDCs will not defeat crypto, because crypto was already captured by the big speculators. Today cryptos are just assets to be pumped or dumped in the big casino which is legacy finance. You cant use crypto as a daily currency, as its value can plunge 60% overnight, so nobody will accept it. Whereas a CBDC have the guarantee of the State (which regulates legacy finance, but not crypto) that it will have a stable value. Also CBDCs will not have financial products such as derivatives, where the asset can be bought and sold without the speculator having it.

Any banker talking ill of bitcoin and other cryptos today, is doing so only to buy it cheap. They are not really antagonizing it, because they know cryptos have failed to become real currencies. In fact, it is failing even as store of value, as the recent coronahoax drama showed, with bitcoin having the biggest correlation with the stock market in its history. So no harm will be done by CBDCs.
96  Economy / Economics / Re: You want to get rich, don’t pay taxes, don’t get married, don’t use bank, and... on: May 27, 2020, 11:55:59 AM
Conversely if you are not married you become poor with your uncontrolled wastefulness.


I will have to disagree. I'm in my forties, didnt marry and didnt have kids, and I dont have this uncontrolled wastefulness you mentioned. Quite the contrary.
97  Economy / Speculation / Re: Double bottom @ 3.1k or lower low @ 2k? on: May 26, 2020, 01:40:59 PM
$2k is the most likely scenario, due to bullish expectatives in relation to the halving. The bulltard cultist works for the bear.

People ignore that in the previous halving, the derivatives markets didnt have a influence in the bitcoin price. You didnt have Bitmex liquidation engine gambling against bitcoin. Derivatives, futures, paper speculation, its always there to destroy "safe haven" assets. It happened with gold and silver.

Then you have the plandemic to worsen the situation, as bitcoin is correlated with the stock markets, so anything which affects the fiat system, will affect bitcoin as well. And, in the case of the plandemic, there will be one each year, until 2030.

$2k is likely to happen in the second half of this year, with a low of $700-900 by the end of the year.
Adoption of bitcoin is unlikely to happen, as on-chain transactions are extremely slow this year, taking up to one hour for the first confirmation, even with the highest fee.

My fear is if ethereum or ripple takes the place of bitcoin. This would likely to make them targets for the liquidation engine. I would prefer these assets to unpeg from bitcoin price, and take their own path, but without becoming the "first coin" in terms of market cap. A modest development is the best course of action for these projects, without making too much hype.
98  Economy / Economics / Re: Bitcoin and COVID on: May 25, 2020, 04:24:22 PM
Fees and slow network are also a big problem for bitcoin. I run a full node and it takes around five minutes just to start the software.
For this reason, I have been buying ethereum and monero recently. Their transactions are much faster. It takes one second for transactions with these currencies, whereas with bitcoin it takes up to one hour for the first confirmation, even with the highest fee.
99  Economy / Economics / Re: Bitcoin and COVID on: May 25, 2020, 01:22:40 PM
Due to the unreasonable, tyrannical lockdowns done by evil governments around the world, using a cold as an excuse, many people are losing trust in the established institutions, which might prompt them to buy crypto, to safeguard their assets.

However, much more people dont have any asset to safeguard, and lives from paycheck to paycheck. As such, I dont think this will have a big impact on the price. For now, I have only seem the usual whale manipulation due to the halving. The hype is now cooling, which might resume the permanent, derivatives-driven, bear market. Right now I see the price going to the 5-6k range.
100  Economy / Speculation / Re: Sudden fall in bitcoin price after successful halving, Post-halving prediction. on: May 10, 2020, 09:43:15 PM
I think we are going to visit $3k again after the halving.

Three digits is very likely to happen at the end of the year, due to bitcoin not recovering two thirds of the ATH, needed for triggering the bull market.

Also there is the plandemic, and people letting their liberties being taken away by the upcoming global tyranny. This is having a heavy impact on the price, as bitcoin is now correlated with the stock markets.

A 100-year bear market is very likely to happen. I hope that I'm wrong, since I'm still long in bitcoin and doing a inverted DCA strategy, just for precaution.
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 ... 125 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!