Do you think celebrities in the mainstream world are still using Bitcoin for their own benefit? If so, which famous people are deeply into Bitcoin right now? I'd love to see someone like Keanu Reeves, Microsoft's Satya Nadella, or even Apple's Tim Cook using (and patronizing) Bitcoin someday. At such degree, I think Bitcoin would've reached massive adoption within the mainstream world. Thoughts?  What any reason would a celebrity have in participating in cryptocurrency. Like many of us I think they are in for profit. Company hires advertisers and known individual to promote their services, so probably that is one reason why known personalities are surfacing now telling their audience that they are using Bitcoin or support cryptocurrency. Though they have their profit in it, it is very good for crypto community because it will help in accelerating adoption. Imagine if their fan follow them in using and participating in crypto market activities, that will be a good boost to the industry. |
|
|
|
|
As long as he do not show that he has access to the Satoshi address private key, it is logical to think that he is not Satoshi thus there is no need for the confirmation because it is obvious. Though I read the other party requested for an extension regarding the case, and Craig had said that he will provide or have access on that key in the later days. I hope that all these drama be finished, there is nothing for us to gain here but distraction.
|
|
|
|
|
I think no holder ever failed to speculate something with their holdings. If we buy a cryptocurrency, we always wish it will have a use case and have an accelerated adoption. Aside from that, we also speculate that someday the price will increase so that we can get profit from our investment. Speculation on things is always been a practice of every individual so to speculate something on what we are holding is normal.
|
|
|
|
Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
One of the reason that many believe why Bitcoin price is rallying is due to the upcoming halving that resulted in hype and bullish sentiment of the current market, aside from that history also shown that there is always a minor rally every beginning of the year so it is something like history repeating itself. |
|
|
|
If the demand of an asset remains constant and supply decreases, the price of that asset will increase. That's a very basic lesson of economics that we all read in school.
Yep, I've had enough economics to understand supply and demand, but in the case of the halving supply is not decreasing. It's just growing at a slower rate, and there's a big difference. There's no reason I can see that bitcoin absolutely has to increase in price because of a block reward halving. I've always suspected that this is what a lot of speculators expect, and they drive up the price in sort of a self-fulfilling prophecy type thing. What I really don't want to see is the bitcoin market going buck wild and turning into a bubble like it did in 2017. It's not healthy or sustainable when bitcoin grows in value so much that it starts sucking in investors who otherwise wouldn't be interested in bitcoin. That's what happens in every bubble, and while it might be really fun for a while, it wouldn't go on indefinitely. Indeed you really have a great point and I really agree with you that is if we do not consider adoption but if we do, lets us say the adoption rate is constant (just an example), With the incoming supply reducing its number by half in proportion to constant number of adoption, somewhere along the line, the price of Bitcoin will increase because, even though the number of additional demand is constant, the number of additional supply is reduced in half. |
|
|
|
where you see people arguing about the price of bitcoin, is it only in your mind, everyone has freedom of opinion sometimes every opinion is not always the same, that's what is called a difference, just look at how the difference is in this forum, by the way why do you say 1 bitcoin is equated with $ 2, do you know that dollars continue to be printed without gold backups and their money continues to be printed but bitcoin is not in limited supply, that's the difference even I think one day 1 BTC = 1 Lambo might be more interesting  Indeed, they are just expressing themselves on how they interpret the chart movement. Ang TA have different method that differs from one another. That is the reason why other insights differ from the other one. Aside from that, others look at BTC as worthless because they do not believe in its community and function, we should leave them as that, it is their lives that will miss out if they do not believe in the value of Bitcoin just like Peter Schiff. |
|
|
|
Few countries banned bitcoin for their own reason, it didn't mean that they banned it because it won't reach that price. many countries see's bitcoin as their enemy in terms of how people use it and how people have huge benefit on it without government help and government have no more benefit to it. so the price aren't basing on countries banning bitcoin it will base on how hype is going to happen and the demand it cost.
I do not think that those country sees Bitcoin as their enemy, but rather they don't want their people to be involved in such financial revolution because they are afraid that people might patronize Bitcoin and skip their own currency and make their economy sink further. Another thing is that these government wanted to totally control the lives of their people and with Bitcoin they will fail to do so. But the thing is the leader of this country is blinded by their personal interest and did not see the possible help these crypto industry in their country. And I do not think that these banned ever affect the price of Bitcoin, because there are more country that are willing to accept it than those who are rejecting it and this banned don't stop people in adopting Bitcoin. |
|
|
|
A very good observation, mate, and by following the Bitcoin price chart, now we can be sure that Bitcoin price is going to break the 9K USD zone. It can be the start of the most wanting bull run, as the altcoin market is growing too. So, we can hope 2020 will be a better year for crypto.
Bitcoin is hovering above $8.8k was above $8.9k before I read this thread. It seems OP's prediction about BTC breaking $9k is possible. I also think that it is just a matter of days. Though I hope there is no bad news that will hinder this BTC movement and that the rally towards the predicted $15k before the halving continues. |
|
|
|
As I predicted bitcoin going to touch 10k soon by this year.
many suggested it can't be,
many suggested it will go down again.
but recently bitcoin has grown up from 7k to today 8.6k.
Now I am prediciting bitcoin price by next month or end of this month will touch 9k.
whats you guys say?
There are predictions that Bitcoin may not rally to $9k due to double top pattern that appear recently. But I still believe that Bitcoin will rally to $9k next month. We can feel and see that the sentiment of the market is really bullish, and some sign like last year where Bitcoin reaches $14k also appear before this double top pattern. As long as this run is not a bull trap, it will be easy to see $9k at the end of this month or probably even before the month end. |
|
|
|
|
The thing with people who have a very wide imagination is that, they tend to lay path on opposite direction and debate on it. Even though it has been proven on that two halving that Bitcoin price surge whenever this event happen, there is still ideas that comes out saying the other way around because of them thinking that Bitcoin is already priced. But whatever their thought is , we cannot remove the fact thatthis halving, the supply of Bitcoin is will be decreasing while the demand is increasing over time, thus making it clear that Bitcoin will surely gain a positive price movement in the long run.
|
|
|
|
in my opinion it is better for satoshi nakamoto to remain a mystery until the end. because if anyone managed to find the true satoshi's identity this would have a bad impact on bitcoin. if satoshi is found then people who hate bitcoin will try to kidnap and dictate this satsohi will make bitcoin be controlled and not be a decentralized coin.
I do not think finding Satoshi's identity will have a bad impact on Bitcoin instead it will have a huge impact positively because Bitcoin will be on the news everywhere. Thus, it helps a lot in Bitcoin promotion. And it is not those people who hate Bitcoin that will kidnap satoshi but those who have malicious intent and wanted to earn huge money by stealing from others. But I agree that it will be better if Satoshi's identity will remain a mystery. |
|
|
|
Until he signs a message from those addresses, that proves nothing.
A cryptographic proof is all the community demands, but he hasn't provided any.
Indeed, this drama should had been finished long ago if Craig just signed a message on that given addresses. But I bet, he don't have the private keys for that addresses and just used the delaying tactics strategy to prolong his exposure and "fame" on media, its a free publicity for his BSV anyway. |
|
|
|
|
I also wish there is no need to convert BTC to USD but it will never happen because every materials in this planet have an equivalent value in USD. And Bitcoin is one of them. It would be easy if shops will accept Bitcoin directly and items are priced in BTC independent from its USD value but alas, it does not work that way.
|
|
|
|
If we look at the history of quantum computers, it started around 1980's, so definitely, Satoshi have known and think about quantum computers because it is already existing and developing even before Bitcoin was created. But he knew that Bitcoin will develop a quantum resistant shield even before this quantum computer catch up to the Bitcoin encryption. Quantum computing began in the early 1980s, when physicist Paul Benioff proposed a quantum mechanical model of the Turing machine.[3] Richard Feynman and Yuri Manin later suggested that a quantum computer could perform simulations that are out of reach for regular computers.[4][5] In 1994, Peter Shor developed a polynomial-time quantum algorithm for factoring integers.[6] This was a major breakthrough in the subject: an important method of asymmetric key exchange known as RSA is based on the belief that factoring integers is computationally difficult. The existence of a polynomial-time quantum algorithm proves that one of the most widely used cryptographic protocols is vulnerable to an adversary who possesses a quantum computer. https://en.wikipedia.org/wiki/Quantum_computing |
|
|
|
I had a bitcoin but withdrew like a month and half ago on coinbase to pay some college loans especially since the value kept dropping. Obviously not the case now, I have $4,000 in the bank, what can I do now to make the best of bitcoin or can you give me strategies as it starts rising again?
Your holdings is in fiat, if you want to get profit in cryptocurrency market, there is no other way but to buy Bitcoin. But be aware that you will be taking risk when you do this. We all know that Bitcoin is volatile and we do not know what will happen in the future. All we know that the current sentiment of Bitcoin market is bullish and it is just starting to rally so the window to get in the current train is huge. |
|
|
|
|
It is indeed a good sign for Bitcoin market to see the sentiment started to be Bullish. There are also lots of hype around the Bitcoin market though some are kind of unsure about the continuous bullish trend but majority of them believe that this rally will run towards the halving. I also think that this bullish sentiment will push Bitcoin to its new ATH.
|
|
|
|
If I buy my bitcoin at a drop price then I will definitely hold mine now, but if its not, then it is not the time to hold because you will not get that much profit at halving time. I will probably wait for next dumping, it may be happen? maybe for sure coz we saw a decrease these past few days so it is worth the profit much if we purchase at lower price before halving started.
The question would be, what if that time does not come? We all know that the current Bitcoin market is bullish and the rally is just starting, so if we buy BTC now, there is a bigger possibility that we will profit in a shorter time than waiting for it to dump while the market has greater hype. Buy now, hold and sell when it breaks ATH. |
|
|
|
Unfortunatly, while you are hodling, you dont have any profits. To get them you should find right date for selling. And i guess, after halving will be right time for that
You have lost your mind, holding gives you profit, as long as it is sold more than you bought it. You see, divide your profits of selling by the days of holding it, that is answer is your daily profit. Holding does not give you profit because the amount of Bitcoin you hold is still the same. You only profit if you sell it higher than the price you bought it. So no matter how we are incline to hold Bitcoin, profit only come when we finally convert it back to cash. And don't rush to sell your Bitcoin right after the halving because if we look at the history of Bitcoin, the time where it peaked its rally is a year after the halving. |
|
|
|
The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
It's true that oil prices and gold have pumped up it's prices in the past few weeks due to the war between US and Iran, that is why there is a huge chances that bitcoin would also pumped up it's price if the war continues. But we should not celebrate about it because if the war really continues every country in the world will be involved and a lot of people will die. I don't understand why we are using tensions between the US and Iran to explain the growth of gold and some other resources in the recent period, why don't we think that this price increase is appropriate when their economies are growing stronger each year? Besides, the price of bitcoin is not affected in this story, its price depends on demand, information about stress and this battle is just a speculation without logic, perhaps all to obscure the manipulation in some institutions' bitcoin Same thought here. The tension between US and Iran were just used to manipulate the market. There is no direct correlation between the current Bitcoin price movement and this so called tension. Because if it is so, why does the price of Bitcoin increase today when the situation in the middle east does not change nor the tension escalate? I believe this kind of thing is just the result of the wild imagination of writers paid by some whales to incite something in the market. |
|
|
|
In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item. https://youtu.be/LlPwmW4XphEJust 30 persons who have watched the video and there is no one who subscribe the channel, so I don't believe at all. And I believe this kind person who just spread bad news about bitcoin because he hasn't knew bitcoin as a whole and I'm sure he hasn't got anything from bitcoin. Most likely, he just person who know bitcoin on the internet and never try to find more about it. Simply will just like this, I'll believe if there is anyone who tell that bitcoin is fraud or scam if he has tried to own bitcoin, but there is no one. But I'll believe if there is someone who has got a lot of money from bitcoin because there are many proof about it. I think someone wants to add more views on that video. Honestly, I don't bother clicking the link. If that is too urgent then he can just post the list of reason why Bitcoin is a fraud. And presenting this kind of negative stuff about Bitcoin is normal for those who really don't understand what Bitcoin is and how it is valued in the market. Aside from this one, others also say that Bitcoin is a Ponzi scheme and isolating the Bitcoin case not comparing it to other which if they do will found out that everything in the market is like a "ponzi scheme" which will nullify their claims about Bitcoin. |
|
|
|
|
Show Posts
