There's no one best altcoin, but there's one best cryptocurrency  If you're looking for altcoins to invest think what you want to gain from it. If you want high risk and high reward investment, long term or maybe you want to gamble a bit. High risk but possibly high reward would be XLM or some coins that recently lost a lot but before Bitcoin's crash were moving up. Long term would be ETH or ADA. These coins are holding pretty high value now but in 2 years they are going to be much higher than today. If you're not afraid to wait you will profit. Want to gamble? Buy DeFi. |
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In my view, fiat is not going to be an obsolete currency. And crypto won't replace fiat. I agree with @ 20kevin20's opinion
fiat will evolve to go digital. namely digital money issued by the central bank. digital fiat will still be controlled by the government. and bitcoin will only be an asset like gold.
On one hand you could be right, but saying that Bitcoin will ONLY be an asset is petty much putting it on a pedestal. If bitcoin really becomes recognized all around the world as digital gold we are all going to be rich beyond our wildest dreams. Want to know why? Because if faced with physical gold and something that has the same value and holds price the same way but is much easier to transport and hide and you can stop people from stealing it for cheap, they will always choose bitcoin. |
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For me, nothing happens yet to call bear season. Instead, we should call it the desired correction. Any cryptocurrency price wouldn't grow continuously ever. So Bitcoin wouldn't be different. Keep in mind, every time we see a sudden pump on Bitcoin, at the same time we have seen a pullback for a correction. It was expected for me, so I am not surprised about the current price zone of Bitcoin. And my mind isn't in bear though as long as Bitcoin does not break the $40K support zone. We will be real bears once Bitcoin breaks that zone. That's just my opinion, I am not a tech guy and don't know how to analyze. For me, my support zone is $40K.
I keep telling people who usually state honestly that they don't read the charts and are bad at predictions to look at the last 2 bull markets right after the ATH. When the trend changes it changes with a big event that everybody can see. There's a peak, a 40% crash, a dead cat bounce, another crash with a lower low. I don't see any signs of this happening yet. We are still in bull market. |
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Like others said the main reason is profit taking and it coincided with some rumors of a bitcoin ban in Turkey which did not help with a swift recovery.
This is not a rumour but wrong information, the government didn't ban the bitcoin Turskish central bank did and they don't have huge influence in the crypto market for this price correction. And the exact reason is China's mining farm so let's imagine what will happen if miners stopped working all of a sudden the price could drop but once they resume to be available then everything will become normal. So you're blaming China exclusively for the drop? Does it mean that in your opinion there would be no correction after a new all time high if there was no news from China? I don't agree with this as we had similar correction after the first ATH of 58000 and there was no negativity in the news. No wrong info about Turkey and no Chinese miners selling. IMO active traders are usually responsible for every drop that is smaller than 10% and it has a lot to do with low liquidity on exchanges. You don't need a lot of money to push price down especially now when so many coins leave exchanges because people are holding. |
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So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
I don't really care as long as it gets there. Inflation is taking away my hard earned savings. I'm much better off holding Bitcoin even if it goes back down to 20 thousand and takes 5 years to reach 100. You're overthinking it. If you knew your money is going to multiply would you let that opportunity pass and just hold it in a bank that takes 3% each year? |
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OH, BUTTTTTTTTt this time is different.
Says every single panic seller near the end of the bear market. It's different now. Bitcoin recovered so many times in the past but now it's finally over, we'll never have a new high. When you see posts like that you know that a new bull market is coming. Real Privacy coins is the future of CRYPTO, otherwise just buy Tether or some other synthetic USD.
sure.. buy tether and never make any money. We are talking about investments here. You can make money holding bitcoin, you can't make money buying stable coins. |
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The price of 8000 bitcoin isn't small amount. Is it for one person or any big company? If it really happens, I think he will hold this amount strongly to get huge benefit from his investment.
Yes, it's a lot. The whole Sunday dump on Bitstamp was about 4000 BTC and it made the price go down 10 thousand USD. On the other hand people are buying more OTC, I can bet. We see what they want us to see on the charts. Real deals are made so that we don't know about them and find out when they have to report it to IRS months later |
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Since all people in the world have fiat money and many want bitcoin, without centralized exchanges they'd have to meet up with people to trade. It would be almost impossible to do.
We are criticizing centralized exchanges because people hold their coins there and it's very risky. People have to realized that exchanges are a vulnerability. You should use them when you have to and take your money out as soon as possible. Also centralized exchanges can be used to track your coins, but many people are willing to sacrifice privacy for convenience.
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OP is calling illuminatis stupid because that's what they'd be if they had no way of communicating and tell each other what to buy. Some of them would invent Bitcoin while others would learn about it 10 years later and buy when it's already high  If they knew how big it's going to become they'd buy all supply in 2011 on mtgox exchange, make the price skyrocket and then sell it to new investors for 10x the price becoming richer than Jeff Bezos. |
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OP: It's over at 60 thousand and I'll edit my post if we go higher. I've been doing it for months already, so get ready. Next month I'll congratulate those who sold at 70000.
Isn't this one of many corrections on the way up? We had a very similar one in January, February, and a smaller one in March. OP will say it's the end, I say it's just the beginning.
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^ I’m talking about the chart I showed. And yes, it’s some sort of test just to see what you guys think.
What is that chart you showed? Lat 3 days hourly? Who cares about a day or two in an uptrend that takes months to unfold?  Do you know what this is? Do you think the chart is bullish or bearish in this picture? You'll probably say bearish because every day the price is lower. This is hourly chart showing April 6 to April 9, a few days before we reached new ATH. |
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No one was saying we were at the top at $65k. It's always when the price drops a little people start to get a little agitated.
If this was the peak of the market cycle, very unlikely, then we're in luck as its one of the most stable peaks we've had! We haven't even broken out of the trend line we've made over the past months yet too so...
I think alts peaking after bitcoin peaking was merely speculation and might only have happened last time? There's potential some investors move away from bitcoin as it crashes as they're not as related to it anyway - different models and gaps they're trying to fill as you've said - and some investors might get distracted by other stuff as the price falls and panic invest into something else.
Yes last time there was an ICO boom that happened also at the time when bitcoin transaction cost skyrocketed so people begun to exit BTC that was at its peak and move some of the money to altcoins because they were cheaper to transact with. At the same time we had all that drama with BCH being labeled as the new king and its price went crazy. Many people thought that Bitcoin was going to be dethroned and bought altcoins. There's no rule that says rich bitcoin traders will move to altcoins when it peaks. |
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or it could be the Turkey ban thing.
or it could be the good ol' classic Bitcoin is boiling the oceans articles being released recently by the so called "journalists".
or it could just be the market correcting.
Who knows man. This should be something that's not new for Bitcointalkers lol.
It could simply be a bitcoin PI indicator peaking for the first time since December 2017 The main difference is that at all previous bull runs when the price peaked it crashed. Now we're still very stable. We need at least a 40% move down to talk about the end of the bull run. Without it we're still there just like we were after that large leg down in February. I like how people always look for explanation and can't accepted that it's traders taking profit. |
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I see that as a healthy correction after reaching a new high.
When we first approached 60 thousand we also had a similar correction, then recovered and hit a new high. This correction is really bullish since we did not have a -50% correction followed by a dead cat bounce like in 2013 and 2018.
Like others said the main reason is profit taking and it coincided with some rumors of a bitcoin ban in Turkey which did not help with a swift recovery.
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It's interesting that when asked about digital wallets like paypal and Bitcoin he immediately focused on Bitcoin and ignored the rest.
Maybe this really is an interesting subject to him and people like him. Maybe they are really more worried about Bitcoin being a decentralized form of money.
He also said he's not interested in gold so he's not interested in bitcoin. If people really start seeing Bitcoin as gold that's easy to hold and exchange, it's going to be perfect.
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Anyone who thinks Doge can overtake Bitcoin must be insane. It's a nice meme coin, but it lacks real use, utility. It's never going to overtake ETH, not to mention BTC. you misspelled one letter "BTK's crisis is coming".
in the following week BTK that is bitcointalk will see a lot of Doge bag holders who will create a lot of topics like OP trying to advertise it and get it to pump a little more or pump it enough for them to have a way of dumping it and getting out with their initial profit without a major loss.
BTK? Bitcoin Turbo Koin? Pretty much a dead coin. |
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Every person has the right to an opinion and so does Elon. It's not his fault that people follow him and buy when he does.
If you suddenly become popular would you stop tweeting? If your friends and family asked what you're investing in would you lie to not make them do the same?
At least if he praises something he stands by it unlike McAfee.
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I do not do that since I am no crook. If it is gambling money then it should not be dirty. But aside from crypto, I might also buy gold and silver using the said money since there are so many establishments that sells them. But I might not do bulk purchases, just little purchases here and there. Also with bitcoin, I would prefer personal direct approach buying bitcoin from people and putting them on my personal wallet. No fuzz, no mess, hopefully.
And what if your government bans gambling and decides all profits are dirty? Will you stop gambling or keep doing it with cryptocurrency? As you see it's all a matter of perspective. Some things are called dirty in one country and allowed in another. We as a part of the online community don't care about borders because when you're in the Internet you are bound by general ethics and laws. If something is allowed in 90% of the world and banned in the country you're currently at, but you can do it in the Internet despite the ban, will you? Many people will say yes and become criminals in their country. |
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Somebody just tried to drop it below $50k  Probably a whale forgetting that pesky decimal point on a market sell order...  Rather a bunch of whales since that was thousands of BTC sold across multiple exchanges in less than 1 hour. There's nothing to worry about though. Pretty much a normal selloff after an all time high and a few days ago I was talking about the pi cycle top being marked. I think it was on Tuseday last week that the marker went off and 2 days later we had a first small crash, then another and another... Small liquidity on exchanges that we're experiencing isn't helping but bulls still look strong. |
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I bet that guy is jealous and is going to keep watching you just to make your life miserable.
My advice is: change the bank. Don't answer any questions about transactions. They are not the police, you don't have to explain it to them.
Check the bank's TOS if they say anything about transactions from crypto exchanges. If they do, see above, if not, don't worry. Tell that manager that you want all that in writing.
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