[...] bitcoin is very volatile, such high volatility becomes a major barrier for merchants to accept bitcoin as a means of payments I don't particularly disagree with your points However, if you are a big merchant with thousands of clients paying or willing to pay with Bitcoin, you can either mass-hedge directly against price volatility (this will cost you around 1% yearly at max) or use third party services that specifically deal with this issue. Besides, we should keep in mind that with expansion of Bitcoin adoption volatility is set to taper off eventually as real value, which comes through such use, takes away from volatility just like speculative value adds to it I do not think any technique can easily stand against price volatility. If it was easy, none of us would lose. Anyway, I still think humanity is not ready for it. Although average circulation of paper money we use today is 4 trillion in the Forex market, the crypto market has a circulation of 16-17($16.830.552.454 according to CMC) billion. And IMO crypto market can be accepted when the cryptocurrency is in the current position of paper money. Also this means a decrease of volatility. |
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With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future. As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive? AFAIK, Bitcoin is largely dependent on nodes distributed geographically. The Internet is controlled by ISPs which are subject to government demands. If a global government crackdown happens, then the growth of Bitcoin and other cryptos might stale for sure. Nonetheless, what are your thoughts about this?  Ban of all governments will definitely dump Bitcoin's price. But I do not suppose all governments will want to try it unless there is a better system. Because if we can understand that cryptocurrency is the most suitable money for the future, they have already understood this. But IMO they have been waiting for the more appropriate one. |
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so far in the past 10 years bitcoin has been volatile and also been a payment method. in fact during each volatility cycle when price is at its peak and the volatility is the most, the number of payments increases to its own ATH setting up a record on each cycle.
I do not think so. BTC can be used as a method of payment in some places today, but I do not agree with how accurate it is to belong to everything. At least people can evaluate the value of an asset by calculating BTC's price with USD. And think this is a very expensive thing (e.g. plane). If you were owner of the plane company, would you risk it? Surely, NO! i think you need to check out all the places that accept bitcoin before making "assumptions" like this here. there are some airlines that are actually accepting bitcoin payments. you see it is not about how big or small the payment amount is in USD, it is about whether someone is willing to accept bitcoin or not. there are many huge sales taking place using bitcoin, even real estate deals worth millions. This is just my opinion of what you wrote.  I am not talking about airlines, I am talking about the companies that produce airplanes. Let us assume that you have worked for many years and have a big company with the money you have accumulated and price of products you produce is one million dollars. Would you exchange for a money you do not know what will be tomorrow? Yes, there are people who can invest millions into cryptocurrency today, but do not think them like us. e.g. Our risk can be 20k, but theirs can be a million or more. |
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so far in the past 10 years bitcoin has been volatile and also been a payment method. in fact during each volatility cycle when price is at its peak and the volatility is the most, the number of payments increases to its own ATH setting up a record on each cycle.
I do not think so. BTC can be used as a method of payment in some places today, but I do not agree with how accurate it is to belong to everything. At least people can evaluate the value of an asset by calculating BTC's price with USD. And think this is a very expensive thing (e.g. plane). If you were owner of the plane company, would you risk it? Surely, NO! |
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Exactly a year ago, where towards the end of 2017 the price of bitcoin reached $ 15k. Then at the beginning of 2018 the price began to decline to date to $ 3800. Whatever happens with the price of bitcoin, in fact bitcoin is still always the most popular and become the king of crypto. Do you agree?
If the dominance was not in Bitcoin, the whole market would not fall. This whole system was built through Bitcoin and will probably continue like that. In such a situation, when someone does not know what a cryptocurrency is, telling the name of Bitcoin is sufficent. Personally I can not imagine cryptocurrency without BTC. |
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As we experienced for the past few months, crypto market price is still declined and maintain its position.
For me, i really believed that somehow their are big people or personalities behind it,who controlling the crypto market, it's a some sort of strategy for them to be able to gain huge profit.
This is just the price volatility and hence decrease. None of us can prove how true this thought. Maybe. It is pointless that we take this into consideration because even the paper money we change BTC to it is managed. Moreover this may remain as an obsessive and in the future will detest analyzes. |
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Whenever the stock market goes down, they find a way to pump it up.
Today the FED put out a "dovish" statement. Markets went up. It's all fake. The FED controls the markets since the early 1970's.
We all know that it existed and will exist always and this is why we support Bitcoin. All of these liar economic games can be beaten by Bitcoin. |
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Definitely. Most of the time when I trade I check on the charts and all that but I try to follow the trend and the price usually moves around one or two spots and I try to buy and sell between those numbers without looking at the chart too much. If I feel like bitcoin will drop to a certain amount than I sell above that (well put sell order above it) and when I feel like it will be going up than I put a buy order at a bit below what I think it will reach.
Trying sometimes bring you earnings. But, trusting to chance every time when you fail to reach conclusion, will end your business. Imagine if you had lost instead of gain, what position were you now? When the analyzes do not work, watching is better than relying on luck. |
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All of falls have not been the same and will not be until Bitcoin is not like other traditional assets. Market cap should increase more times and crypto market should move with one track. Maybe Bitcoin will come to an end if it continues and such a magnificent asset will be worthless. But if the market cap increases, we will see less volatility and therefore more useful analyzes.
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I came across a lot of thread where people say "Lack of technical knowledge is the reason why people don't use bitcoins". I need to know why such people think technical knowledge is required to invest in or adopt bitcoin. Let's say, professor of Arts is given a laptop without any working internet browser can he surf the web. Majority of us cant. The browser makes it look easy. Some of the non-technical people might not know what tls_ecdhe_rsa_with_aes_128_gcm_sha256 Connection encrypted is, that doesn't stop them from banking online. I don't know what technical knowledge is required to fly an Airbus A380 but I have been a passenger of one, I took the risk and trusted the driver(pilot) to be not drunk. What normal person consider is risk to reward ratio, how much he will be benefited for taking that risk. Even while switching a job you might face unemployment but your new job might pay you more. And assets like gold are consider safe because of its acceptability by masses and not the technical knowledge required to refine gold ore. I have written a post on how I introduced my village farmers to bitcoins. My village farmers cant even read their bitcoin paper wallet they only know its valve and risk of investing in it. https://bitcointalk.org/index.php?topic=5098721.0If you are only engaged in trading, yes, it may not be necessary to know the technical features. But when your car is broken, if you can not find a specialist, learning about it in time will help you overcome the difficulty. At least you should know how to recover when you lose your private key and know how to solve such small life-saving problems. And knowing more is better for you. |
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Do you agree? Despite the numerous attempt to destroy it, Bitcoin do not died and it thrive.
Many software got forgotten by time, banks get destroyed, companies broken, business ruined due to market crashes.
Yes, Bitcoin have survived until now but I have no idea what will happen next. And I do not think cause of collapse of the collapsed companies or banks is related to BTC. Anyway those who wanted to influence the price have already done, and now price is below 4k and which companies are you talking about worse than BTC? |
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if bitcoin goes down, it might be very difficult for us to make a profit.
because we cannot sell losses, the best possibility is that we cannot sell, we can only buy, or we can look for other coins that still have profit potential and we can infest into many coins.
''Scalping'' might be useful in this situation. In fact I can say that this is not so different from shorting. You can also try other trading sectors, e.g Forex. It is not as profitable as crypto according to volatility. But it is kind of trade where technical analysis works better and manipulation is very rare. |
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First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
These issues have already existed in recent years and I do not think being unpredictable is related to regulation. Also there is no news about it, only the SEC's decision and IMO, only effect was that the price remained constant at some time intervals.
The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.
There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.
Are the governments not exposed to cyber attack? So far there have been so many hackers who have hacked government essential files. I am not in positive opinion about whether investors will take this risk in the present situation. |
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Therefore,i will suggest for friends and Newbies here THAT Are yet to Master this Market to stay away from predictions because you will sincerely burn. you will definitely loose your Money. Please Be smart, stay safe. Enjoy your Money while you have it.  . The nature of cryptocurrency does not specify itself. Price can change to any direction at any moment regardless of the situation. So it is not right to blame someone. Last year after the big increase of Bitcoin all of us expected continuous increment, but panic prevailed all over us. Anyway I appreciate your advice to your friends and agree with your opinion. Waiting in side prevents loss. |
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You can reach conclusion by research, most probably projects were created about it. But IMO we do not need it. This is not a physical thing you legalize with a deed. Little paper is enough to bequeath it to your son or his child. Also Nano Ledger flashcards may be useful as a solution : www.ledger.com |
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I do not understand why they act like that. How is it possible that protected exchange hackers sent stolen money to the central exchange as an illogically. IMO there is an incomplete gap.
On the other hand, if you pay attention, exchanges can manage account as they wish. I am not on the side of hackers but this is proof that these exchanges can take away our freedom.
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We need a more enough reason to leave the current situation with greens. Today when we look at the market again we see that the reds come back and end does not seem clear. ''If 2019 carries us into space, I guess we can do the rest by ourselves.'' Just the price should be pushed forward.
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After August, there were those who successfully succeeded the ICO and distributed the bounty. In most of my attendants they have successfully completed the ICO, but I get none of tokens still. Already in this case it is not possible to make easy money in any place.
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FED or others should influence people's psychology to influence the price so it is not possible to influence the price directly. Evidence can be the volatility of the price when there is little time for any institution to make important decisions at Forex. But if the big institutions accept Bitcoin as scam, price will dump immediately. They have been existing for many years and everyone has accepted them as '' those who adopt a legal decision ''. Lately everyone is talking about new finance crisis. But I think it's still early.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.
The price decline in the crypto market and stock market, even the decline in the level of life of people in my country in recent months can be a indication for inflation. |
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