People are associating the rising price of bitcoin with the Iran war news because it's what they do, every single time people look to reasons why BTC is rising, or reasons why BTC is falling But it's part of the world, if we don't speculate about price or news we won't have so much traffic on forum  It is most likely that the recent market trend of bitcoin is due to the fact that people believe it will, so they buy, taking advantage of this event. But following the retaliation of Iran to fire missiles, the tensions seems to be neutral now, and in that regard, bitcoin buyers seem to stop from buying now that is why we are now undergoing a market correction. If bitcoin's market price stays at high, it might be because allot of hodlers think of continuing the investment up until bitcoin halving event which is indeed, truly profitable. Is it because of that? I don't think so. I don't think that many crypto enthusiast consider a war on iran to be a good catalyst for a pump. So are the Iranians. I mean, the US raining missiles on them is a huge possibility if things continue to escalate so i don't think they can think of crypto at this point. The market and the Iranian situation has calmed down a bit so I don't think we'll be having that much conversation about this anymore. |
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There is a lot to tackle in this OP.
Cryptocurrencies is a general term and while it includes Bitcoin can in
some circumstances exclude Bitcoin, depending on who is using it.
While we know the benefits of lets say Bitcoin and crypto in general
and while some countries are presently recognising it and more to
follow possibly this year, notably in Europe, Governments will not use it
because they cannot control it.
Governments will be using their own controlled cryptocurrencies but this a way
off in the future.
Altcoins have uses but it depends on what they are, the development
and how they have been adopted.
There are hundreds of alt's but a few handfulls of sucessfull ones.
Well sone alts probably will have their time of getting a decent value. Well alts that does have value today, those that are in the top 10 or top 15, are a good investing prospect. I do hold crypto aside from btc. Trx, btt and recently i bought a bag of ripple. Looking at the short term, these coins may not be that attractive to crypto investors but their projects makes me think they'll have a good decent future. |
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I still hold a certain altcoin because I can't even sell it at a reasonable price, there is no other word but to be patient. for altcoin2 which already has a good daily volume, I try to narrow my interest and trade coins that do have good potential. do not know exactly when this trend will reverse, can only analyze the possibility of Halving as a trigger for a way out for the sustainability of altcoin to achieve better prices.
I also still hold some altcoin whose value has fallen above 80%, it's useless to sell it, so it's better that I keep holding on hoping it can recover at least above 50%. because I know it will be very difficult for altcoin to recover back to 100%. if that happens it certainly takes a very long time, maybe when bullish happened in 2021 but I don't know. I also have altcoi which has decreased by more than 70%. for my next step plan if bitcoin goes up and altcoin doesn't go up, then I will sell it, because it seems like there's no hope. for now, I will keep waiting until bitcoin soars. it feels hard for now if I sell it, aside from being worthless, I still have hope that altcoin will rise it seems like it's common when bitcoin prices up and altcoin down. but after bitcoin rises and then stabilizes, altcoin will follow it. if you decide to sell it, it is better to see first whether they are still active in developing the project, if there is no hope it is better to sell it now. Not all the time, because there are still some altcoins that do not follow when bitcoin price started to rise. It is true, once you have seen that after the increase in price of bitcoin, but still no chance to pump that certain coin, decide to sell it and cut your losses immediately then choose another altcoin to invest with. Well there's this thing called averaging. If the coin you're holding is already not showing signs of getting value and the developers doesn't seem to care anymore what happens to it, then yeah, patience would only bury you deeper into losses. Unless you're holding coins that are in the top 10, let's say, where movement is certain. It's not worth it to keep holding something that doesn't seem to have a future. It's more like a gamble. |
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Only market can give you the best lesson about how to fish, meaning you should trying and keep learning to find what fishing rod I should use?. Many strategy and psychology trading already exist, you only need to trying. Every trader must create their own strategy and experience will giving that. Learn from people, group or forum is good as basic and sharing method. Keep doing that and start use long term period to get understanding about market works and reach your realistic target.
Fishing is a strategy used in bearish market in order to get position in the lowest dip, bottom fish is effective if we will use rsi and also the study about the bullish divergence. We should also look for the breakout in order for us to know if there will a momentum that will happen. Practice makes perfect so we should just be familiar in the market for us to understand it very well. What determines these factors that you've mentioned though? Most of them are pretty random or happens at very unexpected circumstances. Learning how to fish doesn't automatically mean you'll always have a successful catch. There will be days when you'll end up empty handed. Fishing doesn't only entail knowing the basics. I agree that experience will have a lot to do with your future tries. |
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No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do you fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart
No gems could be found anymore,it could be a metal same like which is already existing with us so risking the money is not worth on new project anymore unless that project got real hype and can be able to make some quick bucks by dumping when it hits exchanges. As much as possible let's just use the fund we are earning from campaigns and use it in trading or investment if we really wanted to take risk and not our hard earned money. As risking your savings is for me not advisable enough as crypto investment is risky at all, wherein you don't know when are you going to get ROI, or worst you will lose all your investment. Well, their money, their call. Not everyone has the patience to work on campaigns especially if people have regular work. And i think it's a waste really nowadays to risk your money, any money, on a new project. As stated before, most of the new projects today don't really have or will never have value. Might as well gamble with your assets as the chance of making money there would pretty much be the same as when you buy new coins, minus the enjoyment. |
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Few projects in crypto world are running pyramid scheme as well not just old styles like MMM or HYIP websites, for example i heard about miracle tele scheme that pays staking reward with money from token buyers and later everything crashed, when a project reward is too good to be real then it's probably a pyramid scheme operation
Projects that use pyramid and HYIP schemes will always be stuck and will not last for a long time, so it's better to choose a project that is already real rather than following a project that uses both schemes. many victims have fallen prey to the pyramid system. the members who will last feel the impact. but for those who participate in the beginning there must be a big profit. but overall the system is detrimental. and developers who enjoy the most luck Well as long as there are people who'd willingly fall to these schemes in hopes of easy money, they'll be here one form or another. There will always be people who base their decisions what other people tell or or some sweet talk without actually making a research about what they're dealing with. It's a process that will keep on repeating itself as long as there are fools willing to be victims. |
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Who think Craig Wright is Satoshi Nakamoto? Honestly, this guy has yet to prove that he is actually Satoshi Nakamoto. And even simply putting up a bitcoin sign message he couldn't. Funny thing is, people still take the time to discuss whether he's satoshi or not. We don't even have any evidence that satoshi is an actual singular person lol. This claim by craig wright is pretty much the same as john mcaffee's claim that he'll eat his dick if btc doesn't go to 1m this year. Both are utterly rubbish and shouldn't be taken seriously. |
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I have no doubt that bitcoin is mysterious, but in my opinion when talking about a war, people get nervous and start buying more things than they need, I think that in some way there is greater demand and therefore all goods begin to take more value, war can cause that psychological effect on the buyer. especially the holders.
I can agree with you in some way, though i don't think bitcoin is part of that demand. Especially for those people who are directly affected. With it's status today, it's not going to be easy for people owning btc to buy necessities. Bitcoin would thrive more if we're in an advanced society that's focused on moving forward rather than a war inflicted world. |
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Obviously pump, another artificial pump. I am sick of seeing this pump just because of some events. Oil and Gold are going up they have some fundamentals of why they are going up. Dont know why bitcoin going up.
Is bitcoin just a party lover?
Seems like it. I also don't see any reason why btc would make that movement. Whales playing with us? People opting to convert assets to btc out of fear? I don't see any connection as to how btc will be safer than other currencies in case of war. Oil will definitely balloon and will become more expensive given that the countries concerned directly deal with it. I agree though that this price jump is just temporary. |
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In reality, many people believe that halving is already discounted in the price if you follow the theories of down.
What I recommend you to do is research for yourself what has changed from 2016 and 2017 so far, there are more institutional players, a more robust market and more financial products such as derivatives and options.
Indeed. The circumstances surrounding this year's halving is a lot different from the last one. We can't really base the results on what happened previously, especially at this point in time as it's likely the opposite may happen. Just like 2018's last quarter when people were expecting a rebound from the bear market, only to have the price plunge to that year's all time low. |
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I agree with others. This run should not be considered as bull run for now.
Why others are excited. If this will trigger the bull run then good. Expecting too much after this small run might again bring disappointment to others if ever their expectations didn't meet. Let see if bitcoin can build support at this level. During the last time, bitcoin price hits $8,000, many think that this level does have a strong resistance but the wall crash here and bitcoin goes down below $7,500.
This is a good sign but please, patience people, patience.
Who would even consider this a bull run though? Yes we did reach 8k levels but it's just a few hundred dollars up which is something that bitcoin's been doing quite regularly. People shouldn't get too excited about this, instead, we should be a little more wary. Nothing's wrong with being critical minded all the time especially when it comes to something that swings as easily as the crypto market. |
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In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.
So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?
Well one thing about bitcoin is that it was meant for the people. Whether satoshi's real or not, i think the creators wanted to have an alternative to the current banking system where everything can be controlled and manipulized but people in the higher ups. Bitcoin removes that. Though the more bitcoin's value rises, the more it strays away from it's original uses. |
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Our troops were in the country illegally. IF iran had troops fighting in the streets of Kansas, would we bad for killing them?
Thats a dumb question because Iran doesn't invade other countries.
You can say that in all wars the other country's troops are in there illegally. There are actually laws about war. We are/were not legally at war. We are just there perpetually without permission from our government or theres. Thats why its illegal. With that said, no one even has documentation linking him to the "hundreds of american deaths" myth being repeated by corporate media. Yeah corporate media who's there to justify what the US is doing and why they're there. I think more than the military aspect of it, the control over mainstream media conditioning people that the us is there as arbiters of peace, would be their main function. Iran may not be a match when it comes to a head to head war against the US but trump may find it wise not to throw threats that could put sympathy in iran's direction. |
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Well let's say for the sake of a good discussion, itn does happen. Of course not all of us will die. But for sure a lot of us would. The likelihood of it being a nuke holocaust is quite big. Whole cities will be wiped out just like what happened in hiroshima and nagasaki. An exchange of nuke warheads would also have an effect that will be beyond the initial explosions. Imagine the radioactivity of that scale. The death toll for the previous 2 world wars combined would probably look like childs play to what can happen.
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Why this demand came only after US killed Iranian general? It surely means that Iraq had ties with Iran. Iran is responsible for creating problems for Sunni Muslims in every Muslim country including Iraq, Syria, Lebanon and Palestine. US leaving Iraq at this point means handing over the country to Iran and that’s not what all Iraqis want but demand of shias of Iraq.
Just curious. What if the us doesn't want to pull out their forces. What will happen then? Will they be forcefully pushed out? If so, how? The military conflict may just blow up inside their own country. Hopefully there's a more diplomatic way to resolve this issue though it's quite clear that both governments aren't willing to give ground. |
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Remember your grandma told you??
She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??
Do you know how old America eagle coins fetch many folds higher values than its face value??
What happens??
Now let’s look at this:
Keep your bitcoin and shitcoin under the custodian bank service
Vs
Keep your bitcoin and shitcoin in your online wallet
After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?
Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”
Well, when it comes to fiat, you cannot expect its value to grow even after a long time, unlike in crypto, if ever the coin is being successful and progressive, there is a huge probability that its value will grow as time passes by. You can keep your bitcoin in the bank but you cannot expect a massive growth on your investment. But if you would keep it in your wallet, there's a chance of massive growth but unlike before, it's not as possible as what we had way back. Yes you are right comparing cryptocurrency and fiat is really different. In cryptocurrency as what you have said its value can change from time to time and your investment has the chance to experience massive growth while in fiat, the value of this currency cannot be changed from time to time but if you invest it still your investment can grow but not just like as huge in cryptocurrency although you can invest it into a business that is in demand in order for you to havehuge income. Lol. 20 years is a long time. Have you also considered that though your asset in the bank may have very little or no growth at all, your crypto asset may not have value anymore at that time? For people who don't like to gamble, of course the logical choice would be the traditional banks. It'll take guts to put all your assets in crypto, hold it for 2 decades and then expect the value to double or more. |
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Probably not that much on crypto but definitely on the economy, especially for those countries involved. Hopefully it doesn't escalate more as we're likely on the brink of a nuke war if this spreads beyond the US and Iran. For crypto, i don't see how this can be a catalyst of either a major plunge or a pump. Though many would probably consider converting their assets to crypto because of this.
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As far as I know the world market chains with bitcoin are not related to each other.
So there is no effect whatsoever with the increase in world crude oil prices and Iran.
The highest record of all time the price of pure bitcoin because of the entry of new investors who do not understand Blockchain and invest blindly dividing.
Well we may see an effect though it would likely be very minimal. You're right, bitcoin isn't anchored on any of these two countries' economy. What's scary is the price of oil. Surely the arab countries won't just take things in stride and watch what happens. Things are escalating pretty quickly so let's just see in the next few weeks or months. |
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year, it started from $3k+ and it ain't that good either, but we finished above $7k last month. So almost $4k gained.
Will there really be a pump and dump for this month? I know that the market is so unpredictable now, but I wanna hear your reactions or thoughts about this one.
As every pro here says."We cannot determine the future." But it is also good to see some good speculation of what this year could be. So, will there be a pump and dump. Yes, I do think so. Unlike the last years that we have been through, this year have a halving within it. So I guess that is already one reason to say that bitcoin could be more volatile this year. It all be at positive insights. However, it all be the same experience that we mostly encounter ups and downs, nothing had to changes either. People are so hopeful for the upcoming event and they'll be looking that ATH will come again which I'd think that it can be possible. But of course, we can't tell when it comes, it just a surprise for sure. I don't think i understood everything you said there dude. Though if you'll notice, pumps and dumps aren't happening as often as they we're probably 3 or 4 years ago. I guess people being familiar with bitcoin and crypto is one factor why that is. Pumps happen when people ride fomos, probably started by whales, so the price increases as a pretty fast pace. We don't have that much gullibility from the crypto community now. |
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If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?
Well with the way btc moves, i think 1 to 2% daily should be a decent amount if you're day trading. Bitcoin isn't moving that much and yeah, it goes up and down a few hundred dollars, but if you want to be at least the safest, and i think this doesn't apply just to btc, less than 5% profit a day would already be a good haul. Most of us don't even get to break even at the end of the day. |
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