Latest posts of: Argoo

Quote from: Justin999 on December 25, 2020, 11:54:55 PM

Whenever btc hit the demeaned point, it start crashing csuse after fulfilled the public expectation, public start selling bitcoin.even most of people still selling bitcoin cause they knoe how risky bitcoin is, to hold.i can remember year 2017 when bitcoin hit around $19.5k and then start crushing, stopped at $3.6k something.so need to attention at this point

Yes, now is a very interesting time for bitcoin and its holders. Bitcoin has reached very large price peaks and despite the continuing bullish sentiment in the market, everything can change in an instant. We must take into account the lessons of 2017-2018. Now it is really very risky to buy bitcoins at the current price. Even if the overall price of bitcoin continues to grow, there will still be periods of its price drops. Anyway, now you need to be very careful.

Quote from: Oshosondy on December 25, 2020, 06:26:25 AM

Quote from: BADecker on December 24, 2020, 10:46:00 PM

Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.

Nice idea.

Quote from: BADecker on December 24, 2020, 10:46:00 PM

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

If possible bitcoin will go $1 million one day, the day is still very far, not 10 years from now because the marketcap needed for that is very high. Did you know that over a trillion marketcap will get bitcoin to just $100000, which means more 10 fold is still required to get it to such price. If more institutions can pump in more money and buy bitcoin, possibly will result to bitcoin getting to such price.

But, what I know is that no matter what, bitcoin price will ever be at increase everytime over long term period.

I still doubt that Bitcoin will ever reach the $ 1 million price point. It seems to me that the states will not allow him to do this, even if he has such an opportunity. This reallocation of capital is unlikely to please them. Bitcoin is currently priced at $ 24,855 according to CoinMarketCap. Almost the most optimistic forecasts for Bitcoin have come true. For now, we need to set more realistic goals for the bitcoin price, at least at the level of $ 50,000. In addition, it is very important to stay at this price value and not repeat the path of Bitcoin with its fall, which occurred in 2018 after its previous price increase.

Quote from: Adreman23 on November 21, 2020, 10:47:44 AM

We dont know if what happened in 2017 will happen again on next bull run or it will be the opposite. People have their own decisions, when to sell or buy. But i think if one really satisfied with his/her profit then they can sell thier coins and tell themselves that even if the price of the coin increases after they sell, they will not regret it.

Indeed, each of us must independently decide how to deal with our coins and tokens. However, in general, I also agree that in order to increase profits, you need not just holding the cryptocurrency, but at least periodically trading them. But not everyone has sufficient knowledge of the cryptocurrency market and free time. Sometimes a cryptocurrency is stored in a wallet for a long time just because there is not enough time to devote sufficient attention to it.

Quote from: Psynthax on December 24, 2020, 07:50:21 AM

It's obvious the crash is becasue the news about SEC suing ripple and the people cashing out after airdrop snapshot. What I wonder though, why ETH gets dumped as well in my opinion if people switching over from XRP the other good choice is ETH which should go up a little consdiering that XRP is former 3rd highest market cap alt but I guess I'm wrong.
Also, you need to note that this problem regarding SEC suing ripple gonna be a serious problem.

Apparently, the price of ethereum does not increase due to the fall in the ripple rate, because ripple has been largely used as a means of payment, and ethereum is not yet so used in this capacity. In addition, the issue of high transaction fees on the ethereum network is still not completely resolved, so people are looking for cryptocurrency with cheaper transactions.
An example from the SEC lawsuit against ripple and an instant significant drop in the price of this coin shows how vulnerable the cryptocurrency is and depends on the actions of states and their organizations.

Quote from: Poker Player on December 11, 2020, 04:43:22 AM

It seems logical. The higher the market cap, the lower the volatility, because it takes a lot more money to vary the price. And in the future there will be even less volatility, as the price increases.

I don’t think we need to agree that the price volatility of Bitcoin and other cryptocurrencies will decline over time. I think that next year 2021 we will be able to make sure of this. Bitcoin should rise in price and at the same time its high volatility will manifest itself. However, this also depends on many other factors. First of all, it depends on how its legalization by states and a general increase in liquidity will increase. In general, you shouldn't expect cryptocurrency volatility to fall in the future.

Quote from: Pokapoka124 on December 17, 2020, 06:33:36 PM

Today we saw bitcoin hit an all time high of $23k while its traditional counterparts are suffering a decline in value. Historically, when someone desires financial stability, they naturally go for safe investment is, such as gold, stocks, real estate. But with the outbreak of the corona virus pandemic we have experienced a shift in global economy, countries are facing inflation. As a result many individuals are beginning to see Bitcoin as a safer investment than its counterparts. Countries are slowly adopting crypto as a means of payment. Will bitcoin eventually dominate the world economy and replace traditional currencies?

It should be recognized that countries do not accept cryptocurrency as a payment in the sense of making payments at the state and government level. International payments in cryptocurrency are not carried out and are unlikely to be carried out. Cryptocurrency is accepted and distributed among people, not among states and their bodies. States will use their central bank stablecoins rather than decentralized cryptocurrencies. Therefore, in cryptocurrencies there is no chance to replace the national currencies of states.

The story with the price of bitcoin and altcoins will no longer be repeated. In 2017 - 2018, the situation was completely different than it is now. The current situation is much better for the price growth of the cryptocurrency market. Price correction will periodically occur, however, one should hardly expect such a strong price drop in January. In 2021, we expect further market growth in general in the first half of the year, however, large holders of cryptocurrency can significantly affect this situation. Therefore, in many ways, the further price movement of the cryptocurrency is poorly predictable.

Quote from: NNRR on December 19, 2020, 03:00:38 PM

Bitcoin movement very strong bullies mode.i hope Next year also crypto user see new another record ATH. Maximum big crypto investor hold bitcoin.

Such forecasts simply support us in the world of cryptocurrency and allow us to be more optimistic about its possible price growth. They are mainly based on a little previous practice of the existence of cryptocurrency, and are presented, as a rule, in the form of tables and diagrams. All this must be taken into account, however, be skeptical about such information. Bitcoin should still rise in value, but this is unlikely to be continuous growth. Price ups and downs will continue to be repeated and it is possible that we will still be able to see the price of bitcoin within 10,000 dollars.

Governments, and therefore the Federal Reserve, will never actively support Bitcoin or any other decentralized cryptocurrency. Bitcoin has emerged as an alternative means of payment to this system. States allow the circulation of cryptocurrency, but they will not take targeted actions for its development. Therefore, it is useless to count on the help of the Federal Reserve System. And Bitcoin doesn't need such help.

Quote from: Wesleyeric on October 27, 2020, 10:47:29 PM

Many people are still skeptical about trading with bitcoin, many have some technical questions to ask about bitcoin and needs response from the founder. The energy In which people will invest in bitcoin is in direct proportion to the testimony and advice Satoshi can address to all bitcoin users.

There are lots of criticism about bitcoin world wide that only Satoshi can defend. Why is bitcoin anonymous and decentralized? What encouragement can Satoshi give to us as bitcoin trader/investors? We need to know the future of bitcoin through his vision?

If Satoshi Nakamoto was a person, and not a collective name for a group of persons or an organization that invented bitcoin, then as an ordinary person he cannot know what will happen to his bitcoin next. He once confirmed this, saying that in ten years we will see either a lot of Bitcoin transactions or we will not see transactions. Therefore, Satoshi Nakamoto is unlikely to be able to answer all the questions that interest us. If he began to give us any recommendations, then inevitably disputes would arise about them. Therefore, even in this regard, Satoshi Nakamoto did the right thing not to make himself public. We have the right to choose and the opportunity to develop.

Quote from: erikoy on December 09, 2020, 11:07:33 PM

You have a good point though OP but money function will depend on the user. If it is politically motivated then it will be but the main purpose of money is for technicality where it function as a medium for exchange. Without money or fiat currency, the exchange could not determine the efficient value of exchange. Like the old system which has been revive lately here in our place due to pandemic the barter system. Barter system is not an effective form of exchange because some things might be undervalued during the exchange.

Still, money in every state is more a political instrument than a financial one. Yes, it is up to the holder to decide what to do with a specific amount of cash or non-cash money. However, the state can establish other rules for their circulation and use, and the holder of the money will be forced to obey them. The state can decide to issue new money and replace old money at a rate that is disadvantageous for users. Therefore, it has always been assumed that the issue of money is a manifestation of state power.

First of all, here you need to clearly find out what we are discussing - the fall of the US dollar or the bankruptcy of the USDT as a stablecoin. I think that the fall in the dollar rate should increase the overall price of bitcoin even in comparison with other world currencies of states. People will save themselves from the depreciation of the dollar and invest in cryptocurrency and, above all, in bitcoin. If, for some reason, USDT disappears from the market as a stablecoin, this should not significantly affect the price of bitcoin.

Quote from: globalpain on December 15, 2020, 12:42:44 PM

10 years is still very long, there will be competitors for Ethereum in the future,
5 years we will see, maybe Tron, Binance, even EOS will be in the top 5, and it could overtake Ethereum,
everything can happen in the world's cryptocurrency.

However, the attitude towards bitcoin will inevitably change over these ten years. We see that over the next two years, the ethereum network will be completely updated and will become much more functional and easier to use. The prospects for the development of bitcoin are very vague. Therefore, the above forecasts regarding the capitalization of ethereum to the level of Bitcoin capitalization are not devoid of logic. In the world of cryptocurrency, anything can be.

Quote from: sunsilk on December 21, 2020, 05:58:15 AM

Quote from: Phantom Investor on December 20, 2020, 09:17:33 PM

I’m perplexed, the price keeps going up and no correction. Can someone explain or is it boiled down to no one knows when and anything can happen?

No one does really know when the bigger correction might occur. We've seen it hovering from $23,200 - $24,000. Just take it as the typical market that it's volatile and no can have the right pattern if it will correct the soonest or it will remain stable from where it is right now.

I'm starting to see predictions that we'll go through the same bear market as 2018. But that's them and even though fundamentals have been changed and it's different this time, they're thinking that the same correction would come again. There's always the both sides and opposition for predictions. The important part is you take profit if you need it and stay hodling.

It is possible that a price correction in the cryptocurrency market is already taking place. Today the price of Bitcoin and other cryptocurrencies is falling again. So, the price of bitcoin now, according to CoinMarketCap, is $ 22,898, and ethereum $ 606. Perhaps this will be the third correction in the last two months. The upcoming Christmas and New Year holidays will also contribute to this. Shortly before their onset, prices in the cryptocurrency market usually decline. However, in the cryptocurrency market, each year is special and therefore various price surprises can be expected.

Quote from: Jating on April 24, 2019, 03:48:03 PM

Quote from: alisafidel58 on April 24, 2019, 02:40:19 PM

I think that the author of that article should speak with the Chinese Government since they are now banning bitcoin. We all know that once the Chinese Government moves it's for real. Too bad for Chinese people who use bitcoin and other cryptos, lucky for us since our government thinks the same as the author of this article.

Chinese government can't stop bitcoin to be honest, there's a lot of OTC buying and I'm sure that trading underground will also occurs once they really put the ban hammer.

So it's really up to where we decided to live, if you are somewhat in a government wherein they have a hard stance, chances are, you might want to migrate to other nations wherein crypto is regulated.

If the decision to restrict circulation or prohibit cryptocurrency is made by a separate state, then of course, it is very difficult for it to control the implementation of its decision by citizens. Although in this case, when establishing criminal liability for the use of cryptocurrency,I think that many will not risk their freedom. But if such a decision is made by the G20 countries or even within the European Union, it will be much more difficult. It is better for a cryptocurrency not to conflict with states, but to try to coexist peacefully with them.

Quote from: Smartprofit on December 21, 2020, 09:24:51 AM

In my opinion, at the moment, buying bitcoins is a smart decision.

However, a local decline in the price of bitcoin (correction) is possible. In this case, you will be able to buy bitcoins at the new (lower) price. To do this, you need to have a reserve of fiat currency.

Where to buy Bitcoin? You can buy bitcoin through exchangers, exchanges, friends - crypto enthusiasts, etc.

In my opinion, there is no need to wait for the best moment to buy the first cryptocurrency. Better to buy satoshi today and then buy satoshi tomorrow. You can invest a portion of your fiat money in Bicoin every month.

There is a lot of information about the safe storage of bitcoins on the Bitcointalk forum.

Although the price of bitcoin has dropped decently today, it is still slightly above $ 23,000. It is hardly worth buying it now at such a high price. The bitcoin price will undergo correction more than once and fall below this value. Moreover, the Christmas and New Year holidays are coming and the price of cryptocurrency traditionally falls at this time. In my opinion, you need to wait for a more acceptable price to purchase bitcoins.

Quote from: wxxyrqa on December 20, 2020, 01:35:06 PM

Quote from: Fortify on December 20, 2020, 12:19:33 PM

I think anyone who believes such an article to be somewhat delusional or naive. Bitcoin is an asset, it has valuable and it is apparently useful as a form of currency - as we can see from the popularity of it's recent rise. However at a fixed amount of 21 million units, with however many satoshi's and to however many decimal places. Bitcoin can barely cope with the capacity demands of speculators and a small fraction of all the people who would need access if it became the sole global currency unit. Bitcoin has its place, and that place is a small portion of a diversified portfolio and it certainly has its limits. It would never be able replace something like the US dollar in its current form.

At least If we talk about the vitality and future prospects of the banking system, then first of all it is necessary to say that banks are, first of all, an organization or structure that provides specific services. Based on this, the banking system will be able to adapt to new realities. And if the cryptocurrency will have mass adoption all over the world, then the banks will provide all kinds of services not with the dollar, but with the cryptocurrency. Although the dollar Apparently is not going anywhere either.

It should always be remembered that state banks are part of the general state system of government, that is, in fact, part of the state. States will never allow anyone to interfere with their system of government. If they consider that there is a threat to the banking system from the side of cryptocurrency, then they will use the legal levers of regulation and restrictions on its circulation. Banks will adapt to cryptocurrency only to the extent that it suits their interests. This relationship between banks and cryptocurrency has yet to develop.

Quote from: jtipt on December 18, 2020, 05:55:19 PM

Quote from: MUG1WARA on December 18, 2020, 04:09:41 PM

both are different and in my opinion it is not debatable

True, but for different reason. I don't know why but everyone always seems to forget that gold is just a piece of metal, whereas bitcoin has much more use case than being a store of value. The only similarity bitcoin and gold share, in my opinion, is thier rarity. Everyone always say bitcoin is digital gold but in reality bitcoin is much more than just a "rare thing" with value.

Gold has been around for millennia and people are likely to always use it as a means of payment and storage of value. I do not yet see the possibility of replacing it with other financial instruments. It will take cryptocurrency a long time to try to change the existing foundations of society. Ten years in comparison with the thousand-year practice of mankind, of course, is still very little. However, its success is already evident as it provides people with new opportunities and conveniences.

Quote from: hatshepsut93 on December 19, 2020, 10:41:36 PM

Of course it's in a bubble, it's naive to think that we won't have a massive crash because "this time is different - we have institutional investors". But this doesn't mean that it's bad to invest in it, you can try to do some short-term trading and exit long before the crash, you can try to buy dips and sell them quickly, and dips will happen because there's always corrections in the bull market. Bitcoin is a risky investment, but the risk is justified, so the only thing investors should worry about it so not overexpose themself to it.

You cannot blindly assert that bitcoin will not manifest itself as a financial bubble over time. Therefore, such a statement has the right to go. You should always remember about the peculiarities of cryptocurrencies and especially universal coins that do not have a real product. They always say that you need to invest in a cryptocurrency so much of your money that you don't mind losing it. However, no one can say that he has some extra money and he can afford to lose it. Especially if one coin is worth more than $ 23,000. Everything can be put into place and judged only for a significant period of time. Ten years is still very little for this.

Quote from: HodlerKing101 on December 20, 2020, 04:38:16 AM

I won't even be that worried for those top coins, we know that once BTC slows down, that's when these altcoins will start to rise up. I have a feeling that especially ETH will start pumping next.

Regarding long-term performance, you can see from coins that are doing continuous progress despite being the space for so very long. Everyone thought that ETH will pump up after the ETH 2.0 launch but it didn't, you just have to be patient, similar to coins that are doing the same thing (continuously making progress) like NAV. It's currently at 500th on CMC but you can see it slowly getting back up and getting on in the front seat from their AMA with Binance.

I completely agree with your opinion. Altcoins continue to evolve and many of them have a real product that they serve. We want the purchased altcoins to rise in value. to sell them profitably. The team behind them has a slightly different task. They have to work for the long term. Many of them do not prioritize raising the price of their cryptocurrency. Therefore, in general, there is a normal development workflow, even despite a significant proportion of fraudulent and even simply useless projects.