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I know is manipulation about how dropping price bitcoin or altcoin, but I am still little worried if many people keep sell their coin, I know they have panic to sell coin and make price more drop, just few people know is bad situation to make altcoin or bitcoin go down to drop price.
People panic selling is part of the manipulation scheme, thats what they love buying Bitcoin or altcoin at a panic price. Accumulating all Coins from weak hands and then price will move fast. I agree with OP, it happens always in real life, online mmorpg games and stock market. Patience is the key to counter these manipulations if you want not to lose. I think I know they are manipulating it, but it's hard to get yourself together and keep hodling. However, when people post something like this, it really helps overcome panic attack. |
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Bitcoin is truly a treasure for someone who achieved even a single piece of it. Its value transcends that of a precious gold dust, proven that most people spend most of their time and effort to gain one bitcoin atleast. One can say that a bitcoin can replace everything; from salary, currency and that of a treasure. A country with its citizen having much reserve of bitcoins can be a powerful economic advantage.
Can we consider bitcoins as national treasure of a country comsidering its economic significance?
Bitcoin doesn't belong to any one nation so it can never be a "national" treasure. Right. It's an INTERnational treasure because its price doesn't vary by country. Its price is all the same around the globe. But it IS a treasure and it will soon change a lot in this world  |
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It seems to me that crypto space is the area of responsibility of certain government agencies, including regulatory and law-enforcement bodies. They will probably soon designate a special body to be focused on crypto space both in every country and globally.
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This must be said that many illegal jobs which are crimes in most of the world has become easy to do because of Bitcoin, in fact
This is one of the disadvantages of this electronic currency, another disadvantage is the fact that you or anyone else can do
Money laundering without fearing of the law, you can blackmail and no one can follow your transactions back to you.
It's a bit of a misconception that Bitcoin is used for illegal activities. It used to be that way in the early days and on the dark web but things have changed now. You see more money laundering from real estate than you do from Bitcoin. I happen to agree here. Moreover, Bitcoin, due to its underlying technology, i.e. blockchain, is quite risky for illegal activities since the entire system is a digital ledger, i.e. a registry of all transactions between all parties and the ledger just cannot be changed or deleted, which means every transaction is potentially traceable and you just cannot hide because of it. So, taking into account what I've said, I believe using Bitcoin for illegal activities sounds a little absurd. |
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Taking into account that Blockchain and Bitcoin, as a part of Blockchain, are gaining popularity despite all speculations, I plan on saving some bitcoins for a rainy day and allocating a part of coins for trading. |
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There's an ongoing debate in and outside of Bitcoin community regarding the economic nature of Bitcoin: is it a currency or an asset, a store of value, settlement layer and so on. The situation with ETF's also sparked some debates, as some argue that ETF's are bad and Bitcoin should stick to its cypherpunk roots and ignore the mainstream.
I think all sides kinda miss the point of Bitcoin. Bitcoin was created so people can send coins directly to others, without any mandatory middleman. Therefore, every use case is as legit as any other use case, it doesn't violate the freedom of any other user of the network. It doesn't even matter if Satoshi wanted Bitcoin to be a decentralized currency that will kill banks, because one of the principles of Bitcoin is censorship resistance, so if some people want to use centralized services, want regulated environments, speculation and so on, it's their right. All those things have no effect on people who want to use Bitcoin as an alternative currency.
So, I think there is no single answer to whether Bitcoin is an asset or a currency, everyone decides for themselves, because freedom is the ultimate point of Bitcoin.
I just don't understand what's the use of having a debate regarding the economic nature of Bitcoin? I believe, the best thing about Btc is your freedom, so you are free to use Bitcoin as you want. That's the point |
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I have seen many threads talking about should I sell now or wait till BTC moons. When I see these threads I marvel and move on to check on different topics or threads because I know the person doesn't know what he is talking about. Diving more into cryptocurrencies, when you sell now it means you are a coward and don't even know the kind of cryptocurrency you are dealing with. One thing is that, its really kinda pity to see those topics raised. I have set a goal and until that goal is not, I will never sell BTC and that's me.I want ask that is it because those selling the coin are newbies and are afraid of loosing some small $s or they haven't read much about bitcoin or the cryptocurrencies or they have low knowledge about the blockchain technology?
only fools are selling bitcoins now. the price is falling, I think it's time to buy bitcoin. not even sell it Not only fool, I guess. Maybe newbies who have too little experience are scared of losing every penny they got? |
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Whether a theft or not, we can only judge on a case-by-case basis. Because it first emerged with a basic idea of keeping things in order. Unfortunately, some politicians seem to ruin that idea because they are corrupt, but this doesn't make it a "theft," does it? |
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....Does anyone believe that Bitcoin will be traded on a massive level alongside other currencies like the Euro, U.S. Dollar, etc? If this happens than Bitcoin could likely become the worlds largest digital currency...
Maybe somewhere in the distant future.... I don't believe it is possible in the near future... |
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I just can't believe people (adults!) can do something like that! How is that possible? I thought everybody should have heard or read these stories... Please, be prudent and don't be so greedy...
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I don't think Bitcoin is the only factor in global warming, but it is definitely one of the most significant factors contributing to it.
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Electric cars are not easy to discuss because on the one hand they look a lot cleaner, but in reality their maintenance turns out to damage nature.
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Depends on what your goal is. If you want to be on the safe side and stay in the black, day trade might not be good for you. But if you want to make bigger profit, then you might like to consider day trade as opposed to hodl.
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I believe they are, but very few people understand their real value these days. Understanding these things always takes time....
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I don't think it's time to panic, but I don't see why the bearish trend should be over either now because there aren't any preconditions for recovery, IMHO.
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