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okay, so this decrease is caused by tehter. but will the market recover and rise as it did last year? I began to pessimist that this would be difficult to achieve as last year.
The total marketcap of tether is something like 2 billion dollars. Trading volume in the last 24 hours is more than 30 billion. I don't think tether's volume is enough to make the market go down like this. |
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How it is possible for all of them to go down? I can not find logical
answer. If they are have different chains, different communities, what
is happening for second that that can affect all the markets and all the
coins, what is that strong?
If you do not have a clue, please restrain yourself from commenting.
I would like to see and read answers from people who might know
something more, thanks in advance.
It's actually a good question. I don't have a definitive answer, but my theory is that the market is controlled by a small group of people, with tons of bots, and they're coordinated in a way that makes most cryptos change in the same direction, at the same time. |
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Don't turn off your computer, as some people say. You have to always re-evaluate your position.
The first thing to do is find out what is leading to the price crash. After that, you need to know what are the chances for a recovery, and what are the chances for another price drop. Based on this, you can take your decision. But for that you have to work with probabilities and analysis of the fundamentals.
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I think part of the growth that the Bitcoin price recently had is the result of a bubble, because there is a large number of people, with no experience, not very interested in the technology, and only seeking for a quick profit, who invested in it, and there may be a correction because of these people. However, don't forget that the technology behind Bitcoin remains solid, and a large number of people invest in it because they know what this technology has to offer.
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The price doesn't matter when the supply is too big and the coin doesn't generate enough demand to absorb all of it. It's basic economics.
If you look for coins with 10x to 100x return potential, you should look at low marketcap coins, in general at around 30 to 300 million USD.
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If satoshi is still among us, he is probably already a millionaire, and centainly doesn't have to touch those coins. But if he does, I'm fine with that. He did a pretty good job here, and that reward is something he really deserve.
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They would only increase their user base, so I would not be surprised. I just hope they decide to hold the Bitcoins they will get as payment, instead of dumping in the market.
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Yeah, FUDDERS are losing a lot of credibility these days.
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If bitcoin still survived and price are still increasing probably all members of bitcoin community become millionaire. How wonderful it is? This is great opportunity for us, and we should not waste this moment because I believe there is something great to happen in the future more than of what we have expected.
The Bitcoin total supply is very limited, and if the number of millionaires in the world is higher than the number of Bitcoins available, as they say, I would not be surprised if a single Bitcoin becomes worth more than a million dollars. But I think it will take more than 5 years for this to happen. |
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The hard lesson to be learned about cryptocurrencies is never panic, buy the dip.
But this is only valid for the truly innovative, decentralized cryptocurrencies.
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ICOs have not had a good reputation lately... it's the fault of scammers and, of course, of people investing in their schemes.
Silicon Valley entrepreneurs have always had opportunities to use other methods to raise funds, and I think the vast majority of them will continue to use such methods for a long time.
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It looks like someone sold a very large amount of Bitcoin in the past days, that's why the sudden crash. It's taking too long to recover because people buy it gradually. But I'm sure these buyers will not regret it if they hold long enough.
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It depends on the kind of house. It also depends on the amount of bitcoins you have.
I personally would not buy a house if I had to spend more than half of my Bitcoins on it. A house is something you can buy later, Bitcoin is an opportunity that happens once in a lifetime.
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What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
In my own opinion, the obstacles, challenges, and problems that bitcoin will face is the decision of each countries of banning bitcoin or it will not last. But we still all hope bitcoin will last because bitcoin is very helpful and a good source of income that can provide all of our basic needs. I don't think it is the biggest problem. The point of having a decentralized currency is to prevent that kind of thing from happening. I think that only technical problems or lack of usage can drive the Bitcoin price down. Bitcoin is very strong technicaly, but it needs more adoption. |
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When? This weekend <4000, quite possible.
I can't foresee anything like that,, below $4000 is not happening this year or even next year but that's just my observation.. This past corrections it holds only at $4100 and up and it was never down at that range.. It only means that even rumors and news against or related to cryptocurrency is not effective this days at all.. I think at this rate of observation it will make bitcoin stronger and maybe stabilize in the future.. I think at this point we have strong hands and many long term holders, but If may happen if some whale decides to sell a large amount of Bitcoin, and by that I mean thousands of it. But I also think it's unlikely, since selling so many bitcoins at such price it's a big risk. |
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for long term purpose, which is better to invest in , Bitcoin or Ethereum ? Lets discuss that ..
For long term purpose, I think it will be better to invest in ethereum. Compared to bitcoin, ethereum is far cheaper (not to mention that ethereum is the second most expensive crptocurrency, next to bitcoin). And speaking of long term investment, it will be better to invest your money on ethereum (which value is rising) for you can buy more ethereums using your money compared to buying it with bitcoin (bitcoin value is about $4,300 today while ethereum has a value of around $300 today). It doesn't matter if it is cheaper when the supply is much higher. It's basic economics. Regarding the technology, they might face serious scaling problems in the future. So I can't see a good long term performance. Even if it continues to go up, it's very unlikely that it will outperform Bitcoin. |
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Block campaigns without proper moderation might be a good solution.
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The only way to know if it's not a scam, is to see if they have a working product, or at least a prototype of it. See the quality of the code, or ask an analyst to do this.
Most ICOs have only a white paper. This may not mean it is a scam, but a potential bad investment.
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If you want my sincere opinion, the fundamentals do not seem solid to me. If someday they reach mass adoption, their blockchain might not be able to handle the transactions, even with PoS and Sharding. If you want more detailed analysis, there are plenty of experts who confirm what I just said.
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I think it's not fair. For those who are poor we are not able to transact because of the high fee per move to another wallet. So what can we do now? if this can not be resolved? So it's true that bitcoins are for the rich. How are the poor people hoping for bitcoins? How can I now earn the 20 $ amount of their bitcoins reduced by 5 $. Hopefully this will be resolved in november and we are free to use bitcoins.
Fees are not so high anymore, have drastically reduced since big blockers stopped spamming the network. I have seen cases of transactions being confirmed with very low fees. I also think we have not yet seen the full segwit potential, since there are many miners who are not mining segwit blocks yet. |
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