Bitcoin since touched $5800-6000 area has not really clear to many if we are in bull market or it just a mere run to make noobs or newbies FOMO, and looking at it TA which shows it has not been on same lane even with FA but many says it's manipulation and crossing $5800 area below has been a major support but many think it should break it, so am wondering if we are getting close to bull market or we are just in swing market for now.
We are just in the swing.If newbies do the same mistake which many new investors did by buying when bitcoin's price was at ATH of 20,000 and now regret.A nd this move now doesn't seem to be a bull run and it's just another fluctuation. |
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Iran has recently announced that they will begin to treat cryptocurrency mining as an industry. This comes after increased pressure on the country enforced by changing economic sanctions imposed by the United States. Amidst this bullish news, the price of Bitcoin BTC was reportedly around $24000 [converted] on some Iranian exchanges.
Good days are coming.
Already Iran has been suffering due to US sanctions and much earlier before two years,it was discussing to adopt bitcoin to bypass US sanctions.But it didn't happen at that time.But now it has realised that allowing bitcoin would be the only way to save its economy. |
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Yes that was the worst decision which could have been taken by a government.They should have predicted the disasters they would have to face after applying it.They should have printed new currencies readily to immediately supply it after demonization.I would like to share a sad incident.In Telangana state of India,a women had sold her land for her husband's medical treatment for 80,000 Dollars.The very next day when she got her money,demonitization was announced by the government and all her money became useless papers and she was not able to give her husband treatment and so she commited suicide.
Shame on the Indian government.It has almost murdered her and many other innocent people.
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Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.
If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.
What can you say about this?
No need to worry about that.Not everyone would leave their routine jobs and switch to bitcoin as bitcoin is not a stable market and not like the evergreen traditional markets.Instead we could say that they would invest in bitcoin as a secondary option.Its like saying that if everyone gets educated,then who would do the basic jobs.Bitcoin investment would only contribute to the economic development. |
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Wake up! Come to reality. This is 2018, yet you still wish you bought Bitcoin below $0.01 in 2009. The truth is that you will never be in the year 2009 again till you die, and Bitcoin will never be below $0.01 again. You just have to focus on today and the future. I am also sure even in future when Bitcoin would have reached a far more higher price hopefully, People will still wish they bought at least in 2018. So therefore, be grateful to whoever introduced you to Bitcoin today, and also accept that you joined cryptocurrency or Bitcoin at a time your creator wanted you to. Make the most of it now.
Yes those people who regret for not having bought bitcoins during 2008 would be those who would never make use of the present situation and would always feel sad thinking about the past.Just make use of the present situation. |
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Yes if they don't want to invest,just leave them.They might be left in misfortune and would regret for such a decision.
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Yes that's true.Scarcity is just one of the factor which adds value to bitcoin.But bitcoin is not just bought for the reason of its limited supply but it providing a safer means of investment totally out of the control of governments hands and that it could not be hacked unless it's private keys exhibited publicly.
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Its very interesting whenever I see posts like 'bitcoin is dead' or someone asking 'is bitcoin going to die?'. I ask myself, are these people really current at all. Everything we are doing in this modern world is gradually becoming digitized. We are gradually moving from the pen and paper world. The blockchain technology is full of new ideas and projects which is gradually turning the world to a more convenient place to live. Please the fact that you invested in some shit coin and it died doesn't mean the whole crypto community is dying. Trust me, if every coin will then not bitcoin. Digital currency is the new world, very soon the whole world will accept and adopt this great concept
If we carefully watch the sect of people who always say that bitcoin is dead are either bankers and big economists funded by financial institutions or newbies who don't even have any clear idea about what bitcoin is.This is digital era and no one could change it. |
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We all knows that who is Warren Buffet and how his life was in early stages but what is the unique thing he did while comparing the other investors? The hard works pays off or his luck made him into the most richest person?
I would say that his business plan of buying stocks when everyone is selling in panic and selling his stocks or assets when everyone is buying in FOMO has brought him success.This plan was actually totally opposite to what majority of investors think and it has made him rich. |
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With RBI reversing its crypto ban in India or changing statements to consider it as a commodity, do you guys think India could push the price to the moon ?
India might be seen as a poor country to many but in reality,it has huge number of rich people.Already more rich people have invested in bitcoin from India and more just stood a step back due to RBI asking banks not to allow companies linked to bitcoin.I f this policy gets revised,then for sure bitcoin price would go to moon despite any market obstacles. |
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I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
Uneducated people and elder people would find it difficult to understand about crypto currencies as they have been familiar only with fiat currencies these much days and have only used the old traditional method of making payments. |
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Very bad news for BTC holders. BTC price is not moving upwards in August 2018. Looks like the rest of the days of August will be in downtrends for BTC price chart. The red is dominating green for all altcoins. Looks like another panic month for longtime holders.
As it has been mentioned as long term holders by OP,there is nothing bad news for them as they actually don't bother short term fluctuations.It would be bad news only for day traders who would find it difficult to make profit as price fluctuations were their main source to make profit. |
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I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators> Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments? A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side. We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is> Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins> Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  Well its definitely a different perspective that bitcoin holders were doing it for decreasing the supply.Even if they do it,unless they were in majority they could not get the desired results since still there are day traders and newbies who would contribute for bitcoin circulation. |
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Yes no one could forget those days when bcash was deliberately pumped and at the same time,bitcoin network was flooded with fake transactions creating congestion in the network and making transaction fees go much higher and also many miners switching to mine Bcash at that time.
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What will happen to people who didn't withdrew money back?
If you're referring to the people who didn't sell their bitcoin to fiat(rupees) before the denial, then it would be significantly harder for them to sell their bitcoin. Now, they'd have to transact peer-to-peer, meaning that they'd need to look for people who are willing to meet up in person to transact with bitcoin to fiat and vice versa.. Certainly not.They have an easier option of selling their bitcoinsin local bitcoins.com which I even use now without any issues.Thats it. |
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They might not be experts and would be just speculators like others wishing bitcoin price to fall and then would again expect more to fall.
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Why crypto space happen to hack hack while its on a bullrun???
We've seen some of the massive hacks in this very short time period.Today also But it doesn't happen in bearish market. Every time crypto has a bullrun. Yesterday BTC Kept on Trying to Break above 6800 Resistance.. And today morning another hack on Bancor wallet.. Sespecious... Which is really effecting the current market..
But the Question is. Is the govt trying to manipulate and wanna kill crypto??? That's why they are doing this???
Yes that's really an interesting aspect to be noted.Its logic to think that no hacker would be willing to hack exchanges when cryptos run bearish. |
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As we could see that bitcoin price is rising only for a short term and soon it falls back to its previous price.Many expected a long term uptrend if bitcoin ETF gets accepted.But it seems not to happen now.
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I have transfered Bitcoin Diamonds to exchange by Electrum Bitcoin Diamond wallet, but transaction somehow afects my real Bitcoin account . So I lost all my BTC.
Exchange said that BCD didn't arrived
Could anybody help me with some ideas?
You might have downloaded the Electrum wallet from a fake website.You should have checked twice before downloading that whether it is an official website of Electrum or not. |
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But turkey's economic crisis has almost been stopped by Qatar's funding in billions of dollars.Even if it gets collapsed,still we could not expect that they would adopt bitcoin since last time when Iran suffered due to US sanctions,it was said that Iran would adopt bitcoin to bypass US sanctions but it didn't happen.
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