It is very odd that you are mixing pump and dump with the overall market situation. First of all , this is completely wrong. Pump and dump groups exisit because it is easy to manipulate low liqudity markets, they were , they are an they will continue to exist.
Right now BTC is being manipulated, look at the straight up and down movements. If the BTc can be manipulated then the smaller alts stand no chance.
The overall market situation is defined by bear market at the moment, which includes several factors.
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We had a very interesting discussion over the weekend and people debated if it was better to invest in property or to invest in Bitcoin. The argument was as follows : 1. Most people cannot afford to buy property, so they take a home loan at a Bank. The home loan is paid back with interest and some of these loans are spread out over 20 years to make it affordable to the person who takes out the loan. So, over that 20 years the house of $100 000 will cost you say $1 000 000. {$900 000 paid in interest} The argument is also that the property has to increase in value, with more than $900 000 for you to say that it was a good investment AND you have to sell that property to get that profit. 2. The other side of the room said it was better to rent a smaller property and to invest the "savings" into something like Bitcoin, because your profit will pay for a bigger deposit or even a whole property in a few years time. I think paying a high interest rate to a Bank is just as bad as paying rent to a Landlord, because you are getting screwed in both these circumstances. We all want to live in big houses that we cannot afford. There aslo ar other options. 1.Blockchain projects are claiming that they are going to give chance to people to buy properties by offering them small part of property so this could be the answer for the argument that one should have a lot of cash to buy property, i dont know if it will work tough. 2. Go for classic cars or rare cars which will be classics. Otherwise go for BTC
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Electricity production can increase while still maintaining a minimal impact on the environment. Rather than focusing on how much energy Bitcoin uses, the discussion should center around who indeed is producing it – and where their power comes from. Exactly! We constantly read about miners using renewable energy because in lot of cases it is the cheapest . Examples miners in Russia using hydro-power. Also I belive that a good part of mining enthusiasts are also tech driven and are installing solar panels as well. Also I totally agree that this is important point about energy consumption and bitcoin, this is just a myth. In order to calculate and compare FIAT system to BTC , we would have to include a ton of factors. Like what is the cost of energy and resources starting with costs of cultivating necessary plants to manufacture paper for paper money, the printing , the distribution and then again collecting the money an destroying it . Also the SWIFT network. The next step would be the VISA and MasterCard notworks how much do they consume. This is not an easy comparison. But one thing is sure , it is not even close to this stupid news going around that BTC will destroy the world because of environmental impact.
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I have been following the crypto scene for the past year and sometimes even though some companies do well their token price drastically goes down and this is the same with btc too. People like john mcafee and roger ver are always talking about how we should get ready for the bullish market but yet the price keeps on decreasing and so i'm asking how and who controls the price. If there is anyone who might be running it?
As far as the alt market goes, I dont think that there whales who control the market. It is just fear that drives the price down and then again back -fear of missing out on profit. BUT BTC, i strongly believe that there is going out huge manipulation, look at these huge jumps of BTC, they have "perfect timing" with squeezing shorts and bitmex maintenance , this is happening regularly as soon as there is a lot of money being made in leverage trading.
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It would make sense for the SEC to announce that they are not going to accept crypto ETFs, rather than reject them one at a time.
This would be so much better than market overreacting on every damn rejection. I personally believe that there is no way that ETF wil be approved any time soon. The only scenario where it happens is when market has calmed down, the speculators are gone. I believe that in last 24 hours we saw exactly why they will not approve the ETF, the recent pump was a market manipulation.
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They did not know that it was a scam.
They did not want to see the red flags, they did concentrate on the big potential of getting rich also the crowd was investing this could be a big factor when talking about scams. It was not the first and not the last , unfortunately people are not doing their research properly.
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The news articles about btc is just click-bait, the news webpages are writing news what people like. And people like to hear that btc is dead because it makes feel them better of them self's. This causes some FUD but it is nothing out of the ordinary.
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Es domaaju ka tiem kuriem ir daudz bitkoinu piemeram kadi 1000,ar diez ko labi nav jo vinjus tak nevar pardot tadu kvantumu uzreiz,visi perk pa mazai daljai un paies vismaz gads lai izdotos pardot visus.
Kaa saka,bagaats esi bet tai naudai klaat nemaz netiec tik viegli
Nav ar nemaz tik lielas tās problēmas, pircēji netrūkst, gan Latvijā gan ārvalstīs, kad sāc meklēt kādu potenciālo pārdevēju tie sāk bīdīt tādus noeteikumus, ka pircējam paliek neinteresanti, jo % ar visiem starpniekiem sāk pārsniegt 10% un tad vēl atrodas tādi gudrinieki, kas savus BTC raustās nopludināt lielākās porcijās par 100k. Atrast pircējus un pārdevējus nav tas grūtākais, grūtākais ir panākt, ka noteikumi apmierina abas puses un tās sāk uzticēties viena otrai. Viss tikai dēļ tā, ka ir bijuši gadījumi ar izvilktiem ieročiem Milānas centrā vai "pēkšņas" policijas uzrašanās. Par ko tu runā? 1000 BTC nav problēmas nopārdot , tie ir 6,5 mil USD. Iespējams ja kāds aizietu uz biržu un uzreiz mēģinātu atvērtā tirgū pārdot, tas tas izaisītu mazu paniku, bet ar sell orderiem pāris dienu laikā izdalot pa biržām, tirgus pat nejustu. Paskaties kāds ir apjoms lielākajām biržām.
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