I think the biggest reason for Bitcoins huge dominance is that people that don't even know what crypto is invest in it whenever they see it on the news. You don't really see the news talking about how Ethereum has went up 30% in the last month. At least not on the regular news stations. Whenever the news says that Bitcoin has returned 100% this year, there will be brand new people coming in to the market and investing in Bitcoin.
This is one of those cases in which we do not know what came first, after all I could make the argument that most people prefer to put their money in bitcoin because it already has a huge market cap and that is what causes its popularity among the media. But regardless of the reasons behind the popularity of bitcoin it does not seem like this is going to change and independently of what you may think of bitcoin it is clear that bitcoin is by far the best investment this market can offer. |
|
|
|
As per my knowledge, the bitcoin price will be going to hit an all-time high again because there are so many reasons I can give examples.
1) I know that the past halving happened in bitcoin between 2016 to 2017 within a year's the bitcoin price has gain around 10x more until all-time high.
bitcoin has increased 10x after 2016 halving, I hope that we can expect same thing will happen in 2020. and hedge fund manager Charles Hwang also given about bitcoin price predicts it will be 100k during the next halving and more positive talks going around the crypto market maybe it will give more boot for it.
the 1/2 ing was in may 2016. 19 months later coins were near 20000. so may 2020 would mean coins will peak in dec 2021. and that would be if we get a repeat. And we are not going to get an exact repetition of what happened back then, people keep looking for patterns in the markets that simply do not exist, the previous halving eventually brought great profits to the market and we should be happy about it but that is the past we need to concentrate in the future. And I have huge doubts the price will go up in the same way, the whales are going to play with that enthusiasm and when people get desperate and complain about the lack of growth and they sell their coins that is when the next bull market will appear. |
|
|
|
I found this quality topic on twitter and it all caught my attention. I have seen that fiat is the currency of the Government and Bitcoin is the currency of the people, Can the Government Crash? if so the people cannot Crash neither, because so many people are not making good business from the fiat than in bitcoin, which have provided so much job opportunities for users who are online. Fiat will be replaced soon by bitcoin.
Share your thoughts
Fiat in the best case scenario is a get poor slowly scheme but if the government makes many mistakes then it can quickly become a get poor quick scheme, we have seen this in many countries in the past and we will continue to see this in the future. However I do not see fiat being replaced by bitcoin since that will require that governments all over the world admit they are not capable of creating a stable currency and they will never admit that especially with the huge power fiat currencies give to them. |
|
|
|
The portfolio I created is very simple to hold several altcoin ETH, LTC, BNB and Credits. The reason is that I didn't really take part in other altcoin projects that were better and I often used the project so I looked for something that was quite safe.
Not a bad strategy, most of the newbies I have talked about this topic seem to have the idea that you need a complex strategy and a need to hold many different coins to profit from this market, they seem to think that a complex strategy is somehow better than a simple one. And the opposite is the truth, the more coins that you have the more time you will need to dedicate to manage your portfolio, time that could be better used for something more productive, while a simple portfolio will allow you to manage it in minutes even when the market conditions are chaotic. |
|
|
|
The cashless society has already begun. We switched to this system with credit cards. Does anyone carry $ 100,000 in cash? The new system is also said to be encrypted money. Cryptocurrency can continue this work. But with a difference. Banks may disappear.
It seems that governments are pushing for this harder than ever, this has been one of their goals for decades but it did not seem like they were in any hurry to implement this since they knew they had complete control of all the currencies around the world. But the creation of bitcoin and its popularity have changed everything, they are creating their own cryptocurrencies because they do not want to allow bitcoin to become a real alternative, but as long as their cryptocurrencies are the same as fiat bitcoin will continue to be as powerful as it is now. |
|
|
|
To start trading you have to be determined, there will be loses and there will be gains as well but learning with your determined mind will make you a pro trader in no time, if anyone tell you they don't lose will trading its a big fat lie
One very common misconception about the markets and their successful participants is that many believe that those that obtain huge profits never make mistakes and that is not really accurate. Losing money from time to time is expected if you are thinking on becoming a professional trader but that is not really a problem especially if you use a stop loss and you control your emotions, but for some reason as soon as some traders lose some money they see it as the end of the world and commit all kind of mistakes until they have damaged their capital to the point they will never recover their money. |
|
|
|
selling it now seems feasible, the increase has reached 5% from below support, selling and buying back when prices are low is in my opinion very good to do now  If you want to take that profit, you can sell it off right now, but if you can wait for more, then I guess that your profit will bigger although there is no guarantee to you for making a bigger profit. I think you can try with scalping trade at this moment because if bitcoin price can increase, you can sell some bitcoin to make a profit, and then you can wait for a while for another dump that will happen later, so you can get bitcoin at a low price. After that, you can wait for another increase in bitcoin price so you can sell it again. If you can rinse and repeat this, I think you will make a bigger profit. Everyone has their own prediction but for what I can see there is not any need to make any kind of important movement now, if you are out of the market wait a little bit more until things become clearer and we can determine if the market will go up during the next months. But if you are already in the market then you need to monitor the price, if at some point we get a close below 6500 that could be a clear indication to get out of the market before a new crash happens. |
|
|
|
Bitcoins power to be out of reach from all governments failures is the reason why it was created in the first place. It was basically a back up plan for everyone after 2008 because that was a global crisis that was created by just bunch of guys in suits in a wall street office.
You may think how small they are in the grasp of things, just maybe 1000 people involved with the housing mortgage bubble at most, probably less of them that are worthy like CEO's and CFO's yet those guys literally almost bankrupted all of USA as in the biggest power on the earth economical and military wise and they actually hurt Greece+Spain+Italy type of huge countries as well. Now if bitcoin was around and people invested into bitcoin as much as they did to other stuff in those nations, they would have been safe even with economy going south.
I wonder how long bitcoin is going to keep being the backup plan of people and when it will become the main plan, I do not own a lot of bitcoin but thanks to it if I wanted I could exchange by bitcoin for more fiat than what I have in my bank account. And if governments keep printing money we will get to the point bitcoin will be many times more valuable than what it is now and governments will not be able to ignore bitcoin anymore but at that point it will be too late and an important part of the whole population will prefer to use bitcoin instead of fiat. |
|
|
|
In some cases where a token price crashes soon after listing on the Exchange, the blames has over time been attributed to the bounty hunters and sometimes to early investors that received certain bonuses.
Do you think 40% bonus for early investors is too much and capable of crashing token price?
The fact of the matter is that from 1% to 10% is allocated to the bounty, depending on the project, and early investors get the opportunity to buy tokens with a 40% discount, and sometimes more. And so, when the moment comes when the token or coin comes out on the exchanges, the first who sells them are the early investors and various funds. And as you rightly noted, only bounty participants are accused of falling prices. This is not fair, and I have already written about this many times. It is very bad that in this way admins of crypto projects deceive their ordinary users and ordinary investors. This happens because bounty hunters are easy targets, many of them are not liked by other forum members and we know that the majority of them are not participating in a bounty campaign because they believe in the project. They are participating in the project because they want to get a monetary compensation so it is very easy to attack them, especially for the developers since once they have accomplished their function they can treat them as if they were not one of the most important reasons the project was a success at all. |
|
|
|
Nothing will happen to banks primarily because they are under the reliable protection of their states. In addition, banks are now adapting well to new market conditions and the emergence of cryptocurrencies. Some banks have already switched to using the ripple network with blockchain technology. In the future, banks will have to work together with cryptocurrency, I do not see another scenario for either banks or cryptocurrencies.
The greatest support of banks comes not from the governments but from the ignorance of the people, they have reached that position of power because people have slowly gave away their freedoms and they have capitalize on that. But once people wake up to the fact the banks have been stealing from them for centuries they are not going to be too happy about it and banks will lose an important part of their power and that power will be transferred to bitcoin. |
|
|
|
I think the main use of altcoins is going to be similar to what we see now, I do not expect them to actually be used as currencies they will be used as a way to speculate in an unregulated market, this may not seem like much but it has a great advantage over the rest of the markets that are full of regulations.
But when it comes to actually be used as currencies you can forget about that, people are not going to accept a bunch of useless altcoins when they will prefer to accept the only coin they know will have a value no matter what happens and that coin is bitcoin.
Good point. The focus on regulation appears to be only at the bitcoin-fiat interface. Whereas simply exchanging one alt to another is unregulated as they are just "tokens". Which means they're the only space for unregulated stuff like pumps and dumps and volatility trading. Governments are not dumb they are not going to pass a bunch of laws trying to regulate if you can exchange your bitcoin for altcoins when they know they have no way to enforce those rules, so the laws they are passing are for those that are trying to convert their bitcoin or altcoins to fiat. But even those regulations will be completely ineffective as people begin to accept cryptocurrencies directly, at that point bitcoin and a few good altcoins like ethereum will be impossible to stop. |
|
|
|
I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?
I know that you are looking for advice but you do not give us any information about the circumstances in which you got your bitcoin, when did you bought your bitcoin and at what cost? What are your goals? What kind of investor or trader you want to be? Without that information it is going to be very difficult to give you solid advice about what it could be the best course of action for you and your coins, and what could be some reasonable expectations for the price of bitcoin during the next year. |
|
|
|
You can still make a lot of money with bitcoin but we must recognize that it is getting harder and as such the capital needed to get the profits that you want needs to grow, as an example bitcoin in the past went from 1k to 20k, that is a movement that with perfect timing could give you 20x your investment.
Do you think that bitcoin can make a 20x move again in less than a year? However not all is lost, if bitcoin does a 5x movement in the future then in order to get similar profits you need to multiply your capital by 4x which depending on your capital this can be very easy or very hard.
You do not need to stress yourself to just get the same return like what happened from the past. You can still make a lot of profit by buying and investing into cryptocurrency but on altcoins. Altcoins are more volatile than bitcoin and it can easily give you a x2 profit in just a few days. Do some research about the different altcoins that you might get interested and invest on 'em. I respect all of those that take their time to invest in altcoins but in my case the only altcoin I would be interested to invest in will be ethereum. I know that for many investors I am limiting myself too much but with the huge amount of scams in the market you cannot be too cautious and while this is going to limit my profits as well at least I do not have to worry that the coin in which I invested crashes, after all if a coin can double its price in a few days I can tell you many stories of coins crashing and losing almost all their value in just a few days as well. |
|
|
|
I agree that a lot of ICOs are scam and a lot of people got scammed and is very hard to get that money back but maybe in future all people will do research and will not invest anymore in blind and will get eaht they expect.
You think research is all you need to avoid scams? I bet you people who didn't research put money into EOS for example and they all thought they were geniuses for investing in such a big opportunity. And those who researched in 2018 and 2019 probably all lost money. Whitepapers, teams, companies. All existed and all legit but so what? In the end, ICOs scam when they want to, either forwardly or in a "legitimate" way. Unfortunately this is the truth, if the only thing we needed to avoid scams was to do our due diligence then scammers will be out of the market by now and that is not what we see. The market more than ever is full of scammers doing everything they can to steal as much money as possible from investors and this has caused most people to lose any interest in investing in new altcoins and the worst part of all of this is that they suffer no bad consequences for this and they can repeat the pattern again and keep stealing from investors as much as they want. |
|
|
|
Even though it has been a rough year for XRP, the asset was one of the top performers in 2017, during the last major bull run.
The question is then debated as to whether XRP could ever see this kind of performance again, with mixed opinions for and against.Click here to read the full newsI know this is kind of absurd, but anything is possible. Of course, we do all believe that XRP and other cryptocurrencies will have the right moment to repeat like what happened in the 2017 bull run. However, in my own analysis, there might be less than 1% chance that it would happen again. We all know that as altcoin holders, that we are after in making profits after holding them for quite a long while. But I also know that when it comes for bull run discussions about XRP, there's gonna be a heated debate (but I think they're in favor more of the bearish run than the bull run as of this time for this coin). Do you think XRP will repeat its bull run like in 2017 in the near future or not? XRP is not going to repeat that performance anytime soon, but as the third most popular coin in the market it is possible we could see XRP recovering during the next years but even if it reaches its all time high against fiat I doubt we are going to see the same happening to the all time high it reached against bitcoin. To me that will be really unreachable as the faith that people had in altcoins has been lost and no one believes anymore that an altcoin will ever surpass bitcoin. |
|
|
|
What you are talking about has already happened in 2017. The largest scams were indistinguishable from real cool projects, and that is why they managed to collect a huge amount of investor money.
As a result, it was a huge surprise for everyone when such projects turned out to be a scam. Now this has become more widespread due to the difficulty of luring investors into traps of this kind.
And that is the most dangerous aspect of those projects, scammers are so smart that now it is impossible to tell if a project is legitimate or if it is a scam and I do not know about you but I'm not willing to take the risk of investing in a project that will later turn into a scam. And I think I am not the only one thinking about this possibility because since 2017 the market of new projects has been in a clear crisis in which new projects are having problems attracting investors precisely because of that issue. |
|
|
|
altcoin will still follow suit, unless bitcoin gets special attention from the government and is welcomed by a large exchange to prioritize bitcoin with coin pairs that are considered legal. Investors are also considering the possibility to go with the flow by quickly changing their altcoin. But this is only one scenario because an improvement in the actual bitcoin condition will still have a bullish effect for all active cryptocurrency.
That is something that we have already been seeing for some time, the few institutions that are accepting cryptocurrencies are not really accepting the thousands of altcoins that we have in the market they are accepting bitcoin and they are showing no interest in accepting altcoins. And it is not really difficult to understand why, the bitcoin dominance over this market is huge and that is nothing compared to the bitcoin dominance when it comes to the transactions that people make to actually get products and services in which the majority of those transactions are settled on bitcoin. |
|
|
|
The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.
Good point from that part as the hole industry was supported by investors and there's always people who will keep bringing new ideas but will also take part of the original concept. Alts will depend from bitcoin and bitcoin investors will look after alts to bring something good from their investment. It is true that when the market is going up similar assets have a tendency to move together but this tendency is even greater in the market of cryptocurrencies because as we know a substantial amount of the projects are just copies of bitcoin which means that they are heavily dependent on the behaviour of bitcoin for their progress. And that is a problem because everything depends on the fate of one single coin and when bitcoin is not doing well then the whole market is not doing well. |
|
|
|
Obviously, scam projects are killing entire crypto industry, thus discouraging investors and bounty hunters. Regulatory measures will certainly help retain the glory of cryptocurrency by eliminating and discouraging scam projects. Similarly, bounty managers can play their role in this regard. They know much about which projects are legit or scam.
Scam projects are not killing the entire crypto industry they are killing the ico market and quite honestly that is not such a bad thing, the ico market has not really brought a lot of benefits to this market especially during the last years, if the developers want to create a project then they can do it in the same way that Satoshi did. Satoshi did not require the money or the investment from anyone else, he had a good idea, worked very hard on it for years and then presented that idea to the world, and I do not see why other developers cannot do the same. |
|
|
|
The pre-2017 Bitcoin has forked in to dozens of coins, including the present Bitcoin, BCH, BTG, BSV, BTD.etc. Each of these coins claim that their version is closer to the original cryptocurrency that Satoshi Nakamoto created in 2009. All of them have points supporting their arguments, and it is left for us to make our assumption regarding which one represents the original Bitcoin. The arguments and debate may go on indefinitely, unless Satoshi Nakamoto suddenly reappears and endorse one of these cryptocurrencies.
This is one of the many reasons why satoshi withdrew from public view, we should not rely on a single person to make decisions about which is the real bitcoin, the community as a whole should decide which one is the real one. And it is obvious that the original chain is the one that still enjoys the majority of the support not only from investors but also from miners and the community in general and all of those coins are nothing but cheap imitations of the original. |
|
|
|
|
Show Posts
