For all you expert traders, what are the support levels for bitcoin? and how many?

If the SEC has approved Coinbase and Gemini as an exchange, does that mean the SEC has approved bitcoin as legal tender and law or are they just watching on the sidelines to see if they can or cant control it?

If they can't tax it efficiently, does that mean they can reverse the decision?

0.28% of the world will ever have a chance of owning a full BTC 21 million coins / 7.5 billion people. Thats not true though because early guys have hundreds of coins, so actually this figures is even less!

If bitcoin is the next world currency, us early adopters are going to be very well off in years to come.

If you follow the bell curve:

2.5% Innovators
13.5% Early adopters
34% Early majority
34% Late majority
16% Laggards

Even with Bitcoin 8 years old, we are still in the VERY early stages of innovators. So the guys whos started in 2010 must be God / Jesus lol

I feel so privileged to find btc this early (since Aug 17 lol) and can see myself winning the lottery slowly. Im planning to get some btc for my kids for when they grow up for a house down payment. If BTC grows to $1 Million, then what I btc I buy for my kinds will be enough for a down payment.

Ladies and gents, if we HODL, we'll be rich in years to come. Its 125x from this point for a million btc

My idea is that if it gets to $ 1 Million or so or whatever amount. Sell some to get real estate to own property that will also apprciate in value and give rental income? Or maybe put some of that into companies on the stock market that give 5-9% return per year as passive income and the rest of the btc stash can increase.

What is your idea?

How can we use btc and live of this growing asset? I dont like the idea of using some of that BTC to live. Just like real estate, you buy it, it continues to appreciate in value in general but you also get rental income.

Bitcoin does not do that, all it can do is just go up in value but how can you live of it? Would it be to buy rental properly with it, let THAT go up in value and then take rental income while your other stash of BTC grows?

What is a likely idea here to earn passive income of BTC without reducing the BTC holdings?

Was listening to video last night and did some calculations. If we're going for $1 million, then we have at least 125x from here.

Put it another way, whatever you buy at this point, has the potential for a 12,567%. Compared to a savings account of 0.25% per year. BTC gives that a day on average since. Name another asset that can grow this fast if you believe in a $1 million BTC

Price is what you pay, value is what you get. Starting to get my head around the fuss of having to own a full BTC.

So much potential upside.

The last time I talked about this, BTC was about $4500 and that was ALOT. Look at it now $7700

There is something special about wanting to own a full BTC but I can see that most will never. 10 years down the line and people will owning very small fractions of BTC.
Can you imagine the day when 0.00000001 is equal to $0.01

I didn't really take BCC cash seriously until it pumped to $900 at which point I did some research and traded all my alts for BCC. I watched it go to the moon and then settle around $1300.

I sold and came out better with more BTC but that's not the point. I want to be able to leave my coins and get back to normal live without having to worry that my coins might be worthless or drop 10-15% like it did when BCC was attacking it.

I'm totally aware that BCC is the truest form of Bitcoin lead by Ver and that current BTC is not the real bitcoin (segwit). To be honest, I don't care which is real or not, I just want my money to grow.

BTC code is supposedly controlled by blockstream (now I don't know if that makes BTC code centralised) whereas BCC is ver centralised. Both have arguements for and against.

My gut says stay with the coin that has mass following ie BTC but Ver has a great point about increasing blocksize to use it as cash. The whitepaper says "cash", not GOLD.

Ver is portrayed as evil, coordinated attacks. Is the attack a bad thing for the greater good with BCC as a cash transaction and not a heavy gold (slow transaction).
Can Ver really change btc and make Bcash known and take away share. I feel if I get out of crypto for 6 months I'd come back with a loss if Ver were to achieve his goal.

BTC core are portrayed as a company that centralises bitcoin so they can keep taking higher fees etc. I really don't know who to trust and which group.

Hello all,

I want to buy more but at a lower price. What is a technique or a way to guesstimate the bottom or near the bottom?

In forex and stocks they talk about "support levels", does such a thing exist in BTC where you can see where the orders are open in mass, to then know that this is where the traders are buying back in?

Thanks

How long do you think the bear market will last? I need to find a way to forget about bitcoin so I can get back to work, its really distracting not looking at the price every hour or so.

I'm bullish for the distant long term but I just cant see this type of growth sustaining. What price do you think there will be a correction as I do want to average down.

If there is a clear possible correction, it would be the November fork right? which could go either way.

Thanks

I feel that blockchain is here to stay but can't help thinking there might be a SLIGHT possibility that BTC wont get mainstream. In the UK, I don't know of one place that accepts BTC on the high street and I'm not a hermit.

I was filling the car up a few days ago and thought what it would be like to pay with BTC.
Maybe it will never be illegal in the UK or my government would have said so already but it may never become mainstream and ONLY niche.

The price we dream of for a BTC to be 5 figures is the day my mum has her own BTC account which she takes travelling and she 55 years old. Blockchain is staying but can it force its way into mainstream if given time. Will it happen or NOT. Is the fact that japan have adopted it and they are a developed country means that its ONLY a matter of time the west adopts it.

10-15 years is hard to imagine and so far down the road...

I've been trying to educate myself with all these forks etc but I'm getting confused why in November there will be a fork called Segwit2.

Regardless of what they are trying to do with increased block size and transactions, could it mean we will have 4 coins?

BTC
Bitcoin cash
BTC SegWit
BTC SegWit2x

So one main BTC coin and 3 Alt coin?

Its like creating money out of thin air.

I'm a beginner but can see the problem. What is the best practice to try and do this?

My Trezor device is coming shortly and I want to put all my BTC there.

Currently the BTC is on my laptop which was sent from my online exchange to 1 address.

Should I worry about the exchange getting hacked which will reveal the destination address of my laptop which will then lead to my final address which is the trezor device wallet.

What do I need to do to add layers?

Could something like this this work?

Exchange > Address (Office computer (own office)) > To a personal laptop newly bought > Then send to my trezor device and eat the fees along the way?

And if anyone tries to rob me at gun point, I can say that I have spent the money on wards when i sent to the laptop wallet which in effect stops them trying for the trezor wallet.

Sorry if this sound silly but Im paranoid about security now. Its like putting money under your mattress. Please advice best steps?

Hello everyone,

I feel very late to the party with BTC. I have know of it for a couple of years but ignored it. Now I'm super sold and ready to buy my first coin. $4k is huge but not impossible for me. At what price do you feel its too late to own 1 full BTC for the average person?

I'm not interested in owning micro or milli coins.

How much time do we have left until its becomes proper main strain?

Can someone tell me where we are on this chart please?