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1  Economy / Speculation / Re: History shows Bitcoin price may take 3-12 months to finally break $20K on: September 02, 2020, 02:31:03 PM
Bottomline is no history could tell when will the market be again at its peak because this market is naturally volatile. Many people in this industry are expecting for a comeback this year. Due to the sudden increase lately, many investors are expecting for a huge increase at the present. But as I have mentioned, no one really knows when will the market price increase and how high will it be every year. We have no choice but to hold and patiently wait rather to sell just because the market price stabilized at a certain point and that there is a tendency for a sudden downfall.
2  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin such a big risk? on: September 02, 2020, 01:13:39 PM
Any form of investment will also generate risk, and that's the fact. Ofcourse putting your fiat on hold will not create risk but will also not generate profit to put it simple. In the first place, it depends to the individual whether to engage in an investment or not. Bitcoin and other cryptos are having volatile market value compared to the majority of the stock market investment. But observe how popular cryptos are whenever there is an upward movement regarding their market value. The logic behind here is that, putting your money in Bitcoin will surely be risky but the higher the risk, the higher the chance to earn profit. But this is not applicable to all of the situations.
3  Other / Off-topic / Re: It's time to destroy China,don't buy anything from them ,don't deal with them on: September 01, 2020, 04:48:07 PM
Many countries' economy depends to China regarding the export and import of goods as well as trading and services, this gave China the power over other countries so for sure it will not be abandoned as easy as it may sound especially to those countries that benefits from the services China is offering towards other countries and that's reality check.
It's time to destroy China,don't buy anything from them ,don't deal with them

If you see them in your country beat the shit out of them ,spit them in their face and send them back to communist China ...

Spit in their food ,piss in their food ,water make them not welcomed in your countries.

They started the Covid pandemic intentionally ,it's time for Chinese to pay for this mess.

https://www.youtube.com/watch?v=ZUNNXecb6nA

Death to China !





I do understand your sentiments but you are just being racist. It is never right to generalize. Death? are you serious? If this is regarding with this pandemic, how sure are you that they are not also affected by this? Lives are lost, and that is enough to explain. No one is really sure of that this pandemic is intended to make other countries suffer except their government, themselves. It is said that this virus was originated by their "habits/tradition/beliefs" but keep in mind that if something is related to culture, it cannot be easily determine as something wrong just because it contradicts the "norm". I am not a Chinese, and I am not protecting them, I am just being fair. What if something devastating towards other countries, originated from yours? How would you feel if ever the majority of the globe will condemn you for being in that nation even if you did not cause that in the first place? Now think again.
4  Bitcoin / Bitcoin Discussion / Re: What area of bitcoin participation is easiest to work with? on: September 01, 2020, 03:43:05 PM
I'd say through investment. People may engage to mining, bounty participation, trading and the likes but the easiest way I think for a person to get into cryptos is to simply invest into it. But ofcourse reading about it, atleast the fundamentals or keyterms, is more advisable. Then if he would want to dig for more, interactions with people industry is the second step, I guess.
Being a forum member on bitcointalk who contributes their experience of using bitcoin, helps newbies to answer any questions or problems they have with a bitcoin service, and discuss about services they use to help improve the quality of it overall,,, this is easiest because you speak only from experience:)
Good one. But cryptos including Bitcoin will more likely be heard on things related to profit such that investing into it will give "assured" profit. It is not really easy money but that's more likely how cryptos will be introduced to someone nowadays due to news. This forum is a good thing but not all people are aware of this site.
5  Economy / Speculation / Re: Bitcoin Dips to $11.6K, ETH Options Predict Price Below $400 by End of Year on: August 29, 2020, 11:25:23 PM
Can't say surely about bitcoin cause it's quite difficult to predict the right price of it. But haven't found any possible reason that could makes bitcoin down. Even at this moment price is fine for now. Besides i know that ETH 2.0 realease would be delayed but effect could be shown. So i guess eth would pump from $400 to $500-550 even more, at the end of this year
Not only Bitcoin but also, to other cryptos. I've never heard of ETH 2.0 but the thing we are sure of, is lack of assurance that such thing will boost the price of ethereum and other cryptos because of the situation we are into.
Correction and price going down are two different things and that is why they are named differently as well. Why do you think when the price goes down some of them are called correction and some of them called bearish movement or plain old went down, don't you think there needs to be a reason why they are named differently and that is why people react to them differently as well?

Correction is when bitcoin price goes up a ton, lets recap, bitcoin started the year 7k, went to 9k, with corona it went to 4-5k levels and it peaked over 12k recently, isn't it normal that there was some correction that dropped the price a bit? That is only caused by staggering amount of people who made a profit and just wanted to get out, you would want profits as well wouldn't you?

Correction is more likely to happen when the price increase became too fast such that the price from $9k become $15k within a month. In this case I think a correction would occur and probably, the price will be back again to $10k in this instance.
6  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Mobile Gaming on: August 29, 2020, 10:43:33 PM
As mobile gaming become start to become popular in the world of gaming.
I have this thought on my mind;

Can we relate Bitcoin with Mobile Gaming?

Just like Bitcoin; banks can be a traditional and Bitcoin becomes much easier and comfortable to use.

In mobile gaming; PC Desktop games/console games, etc can be traditional while games on mobile are the new trend where you can play comfortably anywhere with just your mobile phone.

Does it ring a bell?
It's kinda the use of Bitcoin is much comfortable since we just need a Bitcoin wallet and internet connection to make the transaction.
And in gaming: we just need a mobile phone where it is easy to access anytime and anywhere and play since you just need your mobile phone, no need to bring your console/PC desktop every time just to play.
Use Bitcoin for what? online services and payment of goods? Not all the time. In many countries, Bitcoin is restricted to be used so that already promotes inconvenience unlike any mobile games. Using Bitcoin or investing into it can be done using phone or pc but I cannot guarantee in countries or areas wherein crytpos are not supported by the governments. So I think that would be definite boundary.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Image Is Getting Stronger by the Minute on: August 29, 2020, 06:13:30 PM
I expect many countries to change their bad perception on Cryptocurrency.
As soon as they figure out how to regulate and control this, they will definitely change their minds. Those countries that haven't yet come up with it ban BTC on their territory.
Well those countries have their own reason why they are not adapting the previleges or convenience cryptos. It might be because of their market value and market volatility. People do benefit from the advantages of cryptos regarding the convenience cryptos are giving to its users.

Now that hype is getting stronger, and Bitcoin is getting more popular, people are having more confident to invezy in cryptos in particular with Bitcoin. More communities R
are supporting the hype of this trend.
8  Economy / Speculation / Re: Something unexpected needs to happen? on: August 29, 2020, 12:47:54 PM
the first thing that should happen is that people stop just doing Hodl and start using bitcoin to make payments, while people are focused on things like these:

Bitcoin Will Hit $340K if BTC Price Repeats 2016 Halving Cycle Pattern

most people will be buying with the objective of making big profits and they will not be thinking about using bitcoin as a means of payment and consequence Is we will see the big increase and then big fall because the whales are in charge and many people also like to surf the wave of whales
Transactions are restricted. In many countries, Bitcoin and other cryptos are not yet accepted as a mode of payment. There are still countries wherein cryptos are not yet legal and not yet supported. The main use of crypos at this moment is still related to investment purposes. No matter how people in this industry wanted to use cryptos for daily purposes, they cannot do a thing because of the legality of Bitcoin and cryptos. And we cannot blame them because they would be deprived from using cryptos as a traditional digital currencies. And reality check, there will be more years to come for cryptos to be used in daily services.
9  Bitcoin / Bitcoin Discussion / Re: Accepting Bitcoin for sales in a volatile market. on: August 29, 2020, 10:16:17 AM
The sales of your business, in short, will be turned into Bitcoin investment. The question is, are you willing to put all of your sales in an investment? We are talking about bitcoin, so how your profit would be at risk the moment a payment recieved in the form of crypto. But given the circumstances this market is having, anx if the problem is the pricing, I'd suggest having a fixed price (fiat based; e. g. $5k amount of it) to promote fairness because the price of Bitcoin moves up and down and other people will hesitate to invest if it would be a fixed amount, when the market price of Bitcoin is high.
10  Economy / Speculation / Re: Predict top and your selling plan during this market cycle. on: August 28, 2020, 04:07:49 PM


1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?

I think it will already have a hard time reaching the $20k mark this year. I do not expect that much given the problem we are facing at this moment which affects majority of the economies around the globe. This I think is enough to tell that the market value of cryptos will not consistently increase, especially, at ease just because the price suddenly grew. If we are not having problems at this moment, I would probably believe at this moment, that the ATH will again be reached.
If you are trying to see where you should be selling, that means you are not going to really be a good investor, just focus on being a trader if you want to? That way you would basically buy and sell depending on whatever you think you should be buying and selling.
all of us have goals , that's why we have Target price on where we will sell . Entering here without a goal is hard because you can get confuse and you will only sell on random times . Being a good investor is how you follow your plan .

 You can't say that we should trade instead of investing because whqt if investing is our passion and there are people that believes that trading is hard  .
Trading is indeed hard and is not something an investor or individual will lear in a single glance. It is a more active kind of investment which will require you to have or to be updated with regards to the market value of cryptos from time to time which would be quite of a hassle if you are not into it.
11  Bitcoin / Bitcoin Discussion / Re: Barriers preventing you from using bitcoin today/advantages of using bitcoin? on: August 28, 2020, 03:33:58 PM
Biggest restriction is its adaptation. Majority of the countries, still, are not into cryptos as a digital currency, to be used in services and transactions. There are indeed advantages of it but countries wherein Bitcoin and other cryptos are not supported, are concerned with its price volatility. If it would be a medium of transactions, its value sbould be consistent in order to promote equality. Just think of it; if the price still is not stable, those businesses which would accept cryptos as payment will be at risk from doing so. They will be at risk of partially losing profit. Given that no one knows when will an uprise movement occur, the money would be "sleeping" instead of being a continuous amount to boost the business itself.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: CAN WE STILL GET THE 2017 BULL IN THIS 2020? on: August 28, 2020, 03:02:56 PM
To be honest, that is hard to determine. The price indeed increased in the past few weeks. Bitcoin's market value as an example have broke the resistance at $12k likewise with the alts. But since there are still four months to go, there are many things that might happen which can either be good to the market prices or not. Way back 2017, the bullrun started in the late month of September if I'm not mistaken so maybe it is just to early to conclude. The answer is simple. There is a possibility for the price to be bullish once again this year and there is also a possibility that it won't; we just don't know.
we cannot have big hopes for a market that can be the same as in 2017 because conditions in 2017 and 2020 are very different. 2020 is like the year of many obstacles because where this could all crypto markets experience an increase but also quickly experience a decline, in contrast to 2017 where each coin has increased can last at least 6 months until 2018. this condition is different from 2017
This simply explains how unpredictable the market is. Economies are facing problems and still the market price of cryptos still managed to go up. So yes, no one really knows how will this market behavior end for this year.
13  Economy / Economics / Re: Monkeys: Don't do trend analysis! (with poll) on: August 28, 2020, 02:19:50 PM
If you've watched a chart for long enough you'll know where it's going next. TA for Hull and bear flags and repeat patterns also make it possible to have a pretty clear idea.

Also depending on how they traded is going to change things. If it was equities, while in a bull market, most are going to follow the trend.. If you just keep longing at 3x leverage for example, even in crashes you won't lose anything...
But given this market is lacking consistency, making a prediction will not be a help. It is one's freedom to share his thoughts and speculations but I just cannot see the essence of doing so because the market is inconsistent, a pattern may be formed but that doesn't give assurance of what could happen next. We should expect the unexpected because that is how this market behave. A market price could go up continuously but could also fall down in an instant. Same thing when the market price is falling, the other way around could take place.
14  Economy / Economics / Re: Gold and Bitcoin history on: August 28, 2020, 01:41:15 PM
There is a huge difference. Bitcoin and Gold are both used as an investment nowadays but their main functions are different in the first place. Gold is being used before as a raw material, trading of goods and nowadays, investment or store of value. Bitcoin on the other hand is a digital currncy created to promote cashless transactions. But given that it is not widely accepted as a digital currency, most of the people took advantage of its volatile market value which is through investments. So these two are used as a store of value. But the difference is their market value volatility. The price of Bitcoin and other cryptos are having volatile market value, meaning, its price moves a lot. The price of gold also moves but is less volatile. Gold is also supported in many countries across the globe which makes a gap away from Bitcoin and other cryptos as means of investment.

Which one is more profitable? It would be bitcoin but is also having bigger risk. In every investment, risk is present. Since Bitcoin has a volatile market price, its market value will move a lot that would generate bigger profit BUT the chance of losing, everytime its price is falling, would also be bigger than other investments.
15  Bitcoin / Bitcoin Discussion / Re: Research and Experience, There’s No Other Way! on: August 28, 2020, 01:04:29 PM
Before learning or studying something, one should have a goal. If he's into investing into it, then he should read articles about Bitcoin investments. What I am trying to point out is that, if a person is really in a rush then he should have specificity of what he wants to do. There's no need to know about other cryptos and other complex terminologies if he is just into Bitcoin investment. Then if he would be seeking for more, that would be the time to look around this industry. There is indeed no shortcut on learning something but a more efficient way which would still yield you to your goal is acceptable.
16  Economy / Economics / Re: The pros and cons of going cashless on: August 28, 2020, 12:26:04 PM
Digital money has its advantages and so is physical cash. Digital currencies are the new innovation but are still under the progress of development. As long as issues regarding this cashless system is not yet resolved, cashless society would remain sketchy. At this moment, there are already services which are preferred to be cashless because transactions promote convenience but not all the time. There are delays and also, the fees are mostly high in general. I do not specifically refer to cryptos because it is not yet accepted to most of the countries. There are many digital currencies which exist at this moment, and most of those currencies are regulated by governments or are centralised. If digital currencies will be the future, the question now is 'which is which' - referring to that currency which will be more supportef someday.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Why people are buying when the price is going up and not when it is down on: August 27, 2020, 11:47:42 PM
Well, it is because some people are afraid to gamble. Those who buys when the price of crypto is increasing, are those who cannot afford investing and waiting for years. There do tend to wait for the movement before investing to something because in such way, the direction will lessen the risk. But ofcourse, the profit will still be bigger if you invested at the "bottom" but these people are more concerned of lesser risk than bigger profit, which I think is not wrong. We just have our own ways in order to come up with profit in this industry.
18  Bitcoin / Bitcoin Discussion / Re: I can't wait until I can pay using bitcoin at the supermarket on: August 27, 2020, 10:58:05 PM
For sure that won't happen soon. Bitcoin still is not accepted as a mode of payment to many countries, and if you are living to those countries, then you have no choice but to use Bitcoin as an investment. Indeed Bitcoin and other cryptos has advantages regarding convenience on every transactions but we just cannot help thr fact that it is still in progress of development.
 
I've written something similar in the past and it wasn't met very well by a few members. Someone even told me that I was dreaming, while I've explained that with the Lightning Network development this will be a reality.

I understand that the narrative currently is to pass Bitcoin as a hedge to inflation and perhaps a way to cure all financial disease and fix everything. This is not true and everyone knows this. Bitcoin has two purposes which are interconnected. It is both to be used as a method of purchases and has also features of a store of value asset. It can't abandon any of these as it will fail in the other too.

I think it'll be technically possible but users simply won't want to do it en masse. You don't spend what you think will be worth more in future, especially if you have a more common alternative that does the opposite. It goes against both logic and human nature.
Well, more likely, Bitcoin will be accepted to markets as a mode of payment, once its market price stabilize. It is more likely to happen because majority of the businesses cannot afford adding up risks. Think of it, if they would accept an amount of Bitcoin as a payment, then it happened that the price of Bitcoin is still volatile, the business will be at risk of "losing" money unless they would hold it, which will not be sustainable to majority of businesses.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple the next bitcoin? on: August 26, 2020, 04:31:11 PM
Different concept, centralized, and having unlimited coin supply I think, are enough to say it won't have a chance over Bitcoin. Well, indeed ripple has a large community but  Bitcoin for sure has a larger one. It is centralized, although it is not a negative thing but there is a chance for mafket manipulation which is a downside to some investors. Given that they can create their coin or to continuously supply the market, demand will not be high for sure and that would be a conflict to its price, ofcourse, for the investors. Investors would more likely engage to a more volatile investment because risk is equivalent with profit. Higher risk, higher profit. These, I think is what makes Bitcoin more popular and dominant to this industry.
20  Bitcoin / Bitcoin Discussion / Re: Bitcoin Whale Sold at $12,000 After 2 Years HODLing on: August 26, 2020, 03:55:26 PM
I'd do the same if I were him, it's been almost 2 years so why not taking my profit out of it.

Investors like him could have a target price range and volume, possibly he sees it is reaching his target so he sold it at $12k.

9000x12000 is $108,000,000 upon this basic assumption this is a very huge dumping made, would this also create a huge plunge in bitcoin price? any math geek here?
In my point of view, selling half of it would be a better thing to do in order to sustain his investment. There is a chance for the market price to continue increasing. Its price may be stable at this point but possibility is still a possibility, meaning there would always be a chance. I am not asking him to gamble his investment but to simply continue his investment. The amount would still be there, holding the half of it would be giving him a chance to earn more as a reward for his patience from waiting for twenty-two months.
If it's true, then that would be super worth it if s/he bought those on $3k range and sold for todate price. Anyhow seems btc still good at 11kish, so nothing to worry of this dump.

What could be the reason behind his dumping of his coins when he can dump a percentage of what he's holding he could dumped half of it and wait a little more time for Bitcoin to reach $15k this year which is not really remote, I figure that he still has Bitcoin in his other wallets, no investors will want to dump all his coins he is comfortable at selling with that profit.
It might be due to change of interest. He could have moved his Bitcoin investment to other projects which are showing a higher rate of increase of a project that has caught his attention.
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