Those negativities are only trying to scare us. Bitcoin is really unpredictable but we dont need to worry about it. It is strong as it is right now.
Yes, I agree that these negative news have been invented just to scare people and with the hopes that it would cause a panic sell and then the price would get lower for them to be able to buy more bitcoins. Everyone would have to say something bad about something at some point, and there will always be haters. Nothing can ever please everybody and we would just have to remain resilient and firm. No matter how nice bitcoin will be, it's not perfect and some people will choose to always point out something negative about bitcoin. |
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Like the title says what do you guys think ? Will there be a correction or profit taking at 10000$ ? I think it will happen but the question is how much the market will fall ? 9K,8K,7k ? Will you guys take the advantage of this fall to sell high and buy some btc at low price or just continue to hodl ? Your thoughts  It's likely 10k will be a big emotional barrier for bitcoin to breakthrough, I think we will see a lot of people selling at this price but there won't be a huge drop in price. If we are planning to buy when bitcoin potential drops after hitting 10k we might as well just buy right now. Even the opposite can be happen. Bitcoin is hitting a new record in every couple of week and the holders of bitcoins are used to it. So when it will hit 10,000$ it will not hit any emotional barrier. When that will happen every news-media over the world will be reporting that,which could attract much more people in the crypto coin market. If that were the case, then it would be very favorable for us and the whole cryptoworld community. I'd like it very much for the price not to fall that low once it hits $10,000 although I would expect there to be a price correction anyway since it's a big milestone for the bitcoin price. Also, many would want to sell and get some profit at that price. Surely once the price hits that amount, bitcoin will be all over the media and it will gain even more popularity. Just now even with the current price, bitcoin has been gaining more popularity through social media. A lot are amazed by how high the price and how fast it continues to increase so hitting $10,000 would bring much more interest to the public. |
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Yes, it does affect the price because the FUDs make people panic sell. They get scared of losing their money upon hearing some negative news or even when the price goes down just even a little.
How I deal with FUDs is to first verify. Most negative stories or news out there are either fake or have little or no significant effect at all. They're just exaggerated and the over reactions of panic sellers is what actually affects the price, and not the negative news itself. I do further research about it before making a decision. We should not sell just on whim or based on our emotions.
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Bitcointalk Username: orions.belt19
Bitcointalk Rank: Full member
Number of Posts: 441
Bitcoin Address: 3Bf62ofFiXGh5Z1BkPiEzFcZ8D7XELNU6L
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Bitcoin Talk Name: orions.belt19 Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profileRank: Full member Avatar Bonus: yes Personal Message Bonus: yes Post Count (including this post): 437 BTC Address: 3Bf62ofFiXGh5Z1BkPiEzFcZ8D7XELNU6L Re-posting my application. |
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Bitcoin Talk Name: orions.belt19 Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profileRank: Full member Avatar Bonus: yes Personal Message Bonus: yes Post Count (including this post): 437 BTC Address: 3Bf62ofFiXGh5Z1BkPiEzFcZ8D7XELNU6L Reapplying |
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Hello dev, I can do the Filipino translation.
Hi orions.belt, thank you for your interest... May i ask do you have any previous translation portfolio that has been done? No, I haven't. I was hoping you would give me a shot in translating if there are no other takers for the Filipino language. |
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Bitcoin Talk Name: orions.belt19 Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profileRank: Full member Avatar Bonus: yes Personal Message Bonus: yes Post Count (including this post): 437 BTC Address: 3Bf62ofFiXGh5Z1BkPiEzFcZ8D7XELNU6L |
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Hello dev, I can do the Filipino translation.
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If you believe in bitcoin or whichever cryptocurrency that takes over as the leader of this space as a store of value and means of accounting, it will help alleviate some symptoms of poverty.
Without having to store fiat in a bank or other financial intermediaries, one minimises his risk of being "robbed" of his money should our current financial system encounter another crash and these banks collapse.
Another angle you can look at is the accessibility of investment products for the "less wealthy". In most countries, setting up an investment account comes with administrative fees, minimum investment sums that will deter the young adults with limited savings or the poor. Crypto exchanges in this competitive space mostly charge low fees, and participation in token sales/ICOs cost a fraction of traditional IPOs, and offer potentially much higher returns. This provides an attractive avenue for young and less wealthy investors to park their money.
Of course this is an optimistic view of crypto markets, things can go very wrong in the near future.
Indeed, Bitcoin will decrease the rate of poverty in the whole world but it will take more long time because this a major problem in most of the countries and bitcoin is the main way which can reduce the rate of this problem because bitcoin is giving chances to all type of people in the world of jobs which can earn money by setting in their home. Sadly, poverty is a multi-faceted problem caused by politics/corruption, lack of quality education, access to a reasonable job market and more. Bitcoin and other altcoins at the end of it all are just tools to HELP solve these issues, and not the full solution. I agree. Solving poverty is quite complicated. Although that bitcoin may help in alleviating poverty, it won't totally eradicate it. We have to look at the root of the problem. There's a lot more factors into it such as the structure of society and economy which prevents solutions such as this to totally get rid of poverty. There will still be a presence of poor if we continue to have corruption and unfair distribution and treatment in the world however this is the sad reality. |
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For it to go down as low as $3,000 is too much, if that happens then Bitcoin may have a hard time to recover. However, many would grab this opportunity and buy bitcoin at such a low price as that. Since bitcoin has been rising just recently, then there's no surprise for the price to go down but for it go down and crash below $3,000 is kind of far. I don't see any reason yet for it go down that low even with the cancelled segwit. A lot even anticipate for the price to go up by the end of the year especially with good news about bitcoin such as amazon has been spreading. Also, the popularity of bitcoin has been increasing so this would contribute to a price increase.
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A day will come that we are going to have bitcoin bank. When Internet come on bound many Banks said there are not going to used it but today we can see that all of them are using it. Blockchain technology is the greatest thing that happened to humanity after the discovery of Internet and I think few years from now we may have many financial elites embark on rendering financial services through bitcoin.
It's actually quite possible. Bitcoin is continually evolving and adoptions in different countries have been made. Since it will continue to technological advance, then some further adoptions and innovations may be made such as the creation of a bitcoin bank. It may happen years from now or who knows when. Especially if bitcoin is on the road of becoming mainstream or to be used by the mass public then it would be inevitable for their to be a creation of a bitcoin bank. Surely, blockchain technology would continue to advance for the benefit and use of mankind. |
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I used to invest in stocks and funds, but after investing in bitcoin I was not interested in funds and stocks anymore.
Yes bitcoin really affects your investment values just remember not to get greedy. it is true that investing in bitcoin is the most profitable option and if you ask me i will tell you price will be at least $25,000 by the end of 2018 but i will also warn you not go all in and always invest what you can afford to lose. and if you haven't done that already, maybe it is time to change some things and diversify a little into other investments.It affects in some aspects. As compared to stocks and funds, there's really a chance for you to profit more with bitcoin so a lot would prefer bitcoin over them. Some would even withdraw their stocks so that they may convert to investing on bitcoin. Keep in my mind to allocate your investments evenly because there will always be a risk in making investments and this goes in any form, whether in stocks or bitcoin. For the price to be at $25,000 by the end of the year is kind of a long shot - I think it's too high and too soon. It's likely for the bitcoin price to increase by the end of the year and we all hope for that to happen so that we may have some profits. |
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Been having some concerns as well. So far, I've been confident of bitcoin and have high hopes that it will continue to withstand all these FUDs however I fear the forks the most because it shakes up the whole bitcoin community. I am concerned as to how an upcoming segwit would really affect the price of bitcoin and may even possibly make the price to go down significantly. With all these new alts popping up, some investors have been shifting their loyalty in order to profit from the recent pumps.
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Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc  yes it is possible, thats why we have whales. whales are group of people or individual that is so powerful and extremly rich that he buys a massive amount of bitcoin to somehow manipulate the bitcoin markets. not only bitcoin but also some other coins like bitcoincash which was happened lately. The whales have said to be manipulating the price and greatly contributed to the frequent pump and dump we have been experiencing because they want to gain or profit. Just recently, the hype over the pump for bitcoincash was said to or rumored to be controlled by a man who have a huge amount of bitcoin. Because of the thousands of bitcoin at his disposal, he has the capability to create this kind of pump and dump. What OP has been asking is quite true and it's the reality were experiencing now. |
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What will be a bitcoin rate by new year?
it now seems to be impossible. The fork was cancelled and the cryptomarket fell including Bitcoin. It's market value is now 6300$ from a value of 7400$. And now that the fork is gone, the factor that will make the value of Bitcoin more expensive before this year end is also gone. We just need to hope that something will happen in favor to Bitcoin before this year end. With the much anticipated segwit got cancelled, the tables have turned and the crypto and bitcoin community are very much affected by it. A lot have made some preparations however it suddenly got suspended or cancelled. Since the upcoming segwit has contributed to most of the recent price increase, we may see a decline now and the price trend of bitcoin may now differ. It's still possible for bitcoin to have a much higher price by the end of the year, depending on the events that will occur these upcoming months. |
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Just saying... BTC is the real thing and will remain... you know it right? So act wisely and don't fall for this trap: btw don't miss the chance to sell you BCH to get more Bitcoins - I'm sure we will have a bigger pump by Christmas  Yeah, all the smart bitcoiners know it is an ordinary pump by big whales. I don't think there is anyone smart bitcoiner that'll risk putting money on BCH unless looking for short time profits, i guess. Speaking of big whales. The man behind BCH pump is Roger Ver. I have read that he has between 100,000-300,000 Bitcoin. I have faith in the Bitcoin community but with that much capital he wields a great deal of power. Since this BCH pump is just controlled by whales, then it's likely to be only temporary and shortlived, and would also be for the benefit of the whales. It's surprising how numerous threads and BCH "supporters" have appeared so suddenly in just a number of days. Wow, that Roger Ver has a huge amount of bitcoin if that were true. Imagine if makes a dump, even just a portion of what he has. If he was really behind this BCH pump, then there's no doubt he was able to do it with that kind of power. |
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There will always be a risk in investing, one must be responsible and learn how to properly or where to invest first in order to have safe investment. Not only in bitcoin but that's actually in general investing. Now, about the government not having a concern about the crypto-currency I think that's better because you don't have to worry about the taxes.
It's also kind of risky if the government does not have some sort of stand on bitcoin. It's not new for some countries not to fully recognize or adopt bitcoin yet since it is still somewhat being introduced or discovered in some parts of the world however most have either made a stand on whether bitcoin is legal or considered banned in a country. It's best that a country makes one for the protection of the bitcoin users among its citizens. And yes, I agree that its risky to invest - not only with Bitcoin. Abide by the rule to only invest what you can afford to lose because there's a chance for that anywhere and it's best to make some research and study it first before making an investment decision. |
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I'm assuming you both are from locations where banks and money transfers are relatively easy with the systems that have been in place for decades. If you're in the US, you have many options. Banks that are trustworthy for the most part. You have FDIC assurance. The US dollar is a relatively stable currency. ACH transfers, while they take a few days, work great. Bitcoin is not meant for us.
Go to places with capital controls like China. Go to places with currency instability like Venezuela or Argentina, where the native government issued currencies are not as easily usable.
There bitcoin is actually welcomed with open arms. I bet more people in Venezuela use bitcoin on a daily basis just to survive and buy every day things than people who know what bitcoin is in the US.
The US and a few other countries that have stable currencies are the exception, not the rule. Bitcoin is meant for the rest of the world to facilitate easier transfer of money, to hold on to value what people currently have, and to easily use the currency for transactions.
Now a lot of people still don't have bitcoin, even those for whom the currency is really meant for. There's a finite supply. In a few years a majority of the world, say at least 4 billion worth will be trying to get their hands on just 21 million bitcoin.
I think the value will be there as an investment.
Never thought of it that way. I didn't initially see Bitcoin as a conduit or way for those who don't have stable currencies for them to have a more convenient and easier way to facilitate the transfer of money. I didn't know that in the other countries, their native government issued currencies are not easily usable. I live in a third world country but somehow, the transfer of money is made easy because many services are available such as money remittances which may be accessed even for those who belong to the low class. |
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