Central banks are now the dominant structure that nations use to manage their economies. They have monopoly power and will not give up that power. While the adoption rates for Bitcoin and other digital currencies are small and the government's support for them is virtually nonexistent. So it is impossible for BTC to kill banks, which in my opinion is most likely one day that central banks will issue cryptocurrencies.
It will not be killed but atleast we have already an option now to stay away from banks that feels that we are so entitled to please and wait for our turn to give their service to us. We're so done now in long ques and many times of lag and maintenance of their mobile banking. I'm trying not to use banks every now and then in sending payments or paying bills but there is still need for ATM Machines for some cash. Soon if bitcoin ATM will be present in many area I can say that many will be curious and might switch into it than banking. At this stage, it is difficult to overcome the banking system, I would say that it is impossible to do this. However, I agree with the view that the increase in Bitcoin ATMs will be a great way to popularize a coin and attract new people to this area, and maybe someday centralization starts to lose this confrontation For now, it will be impossible. Bitcoin is still a lot more ways to overcome the banking system. Our vision for Bitcoin ATM to spread worldwide will happen if mass adoption will happen. And I think, it's possible for the government to combine the power of the banking system to the use of bitcoin atm. Bitcoin need banks to survive because people buy bitcoin using bank accounts and also people cash out their bitcoin investment through banks. The banks might be old and slow, but they survive for more than 500 years. Maybe in the future some cryptocurrency will show up and slow down the banks because they are very strong right now, the banks are even stronger than bitcoin at the moment. |
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Is it possible/an advantage to live off-grid with bitcoin?
What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.
Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?
Yes, you can't use bitcoin off-the-grid because to conduct bitcoin transaction to need to connect to internet. Bitcoin is a digital currency after all and there is no way you can use bitcoin even if you have the full-node. In fact, the full-node requires internet connection to synchronize with the bitcoin network. To use bitcoin anywhere you are going to need internet connection, period! |
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China is not going to accept Bitcoin as its currency never ever, You can't believe it or not, within this blockchain system, if you talk about a single country then Chinese people are the majority in trading. investing, ICO opening and so on. China government still know this fact and they already banned Bitcoin exchange almost 2 years before, because of having a strong control over the country their government has developed many platforms and prepare themselves as the top country in the coming future But China Government is trying to create their own crypto which will compete with Libra and compatible with Yuan, basically, it will be a stable currency and it's a digital version of Yuan, That is why I think there is no chance to get accepted Bitcoin anymore here.
With China developing their own digital currency called "Digital Currency Electronic Payment (DCEP)" I don't think China will ever allow or accept bitcoin or any other cryptocurrency in the country. The Chinese government digital currency is going to be the only currency for Chinese people since 1 DCEP is equivalent to 1 Chinese Yuan. The Chinese government is very strict it is unlikely they allow their people to use bitcoin instead of the state owned DCEP. |
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This topic has been discussed so many times.  Irreversible transactions are a huge advantage ,if you compare crypto to the paypal scam.In PayPal,you have to rely on the mercy of their dispute resolution process and the mercy of your customers. Bank transactions are supposed to be reversible,but that doesn't stop all the credit card thefts. The only way to protect ourselves against hacks/scams is to keep our passwords safe. This guys says it all. Bitcoin transactions are supposed to be irreversible and secure since PayPal transactions are reversible. The bitcoin transactions don't have to be reversible to avoid getting hidden charge backs from the companies we buy services from. For someone like me, I always feel safe and happy when someone buys my product with bitcoin because there would be not disputes. I hate when someone buys something from me, instead of contacting me then they go ahead to create dispute on PayPal, that really annoying - scammers do that. |
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Are there Bitcoiners in Hong Kong? How is the situation over there? I believe it should be Bitcoin's time, and help protesters in collecting donations, and help move value in Bitcoin.
There are a lot of bitcoiners or bitcoin users in hongkong. With the current conflict between the pro-democracy groups and the beijing loyalist constant protest were held and people are already suffering including their economy. It is no wonder that many hongkong citizens are now buying bitcoin. If you want to check at localbitcoins you can find there a huge volume of peer to peer transactions. If the protest will continue hongkong dollars will decline and people will continue to migrate into bitcoin. Anyway check out this article to see how the conflict in hongkong have created huge impact on bitcoin: https://thenextweb.com/hardfork/2019/10/02/localbitcoins-sees-huge-spikes-in-usage-during-hong-kongs-political-unrest/Yes, exactly, there are lots of crypto enthusiast situated in Hongkong, we even have some exchanges there, I don't know exactly why they need to protest and they can't unite as one, so thank you for sharing it. Hope that everything will be fine there, but as per my friend, they are fine and they can transact crypto exchange in Hongkong despite the war happening there. Before the Hong Kong protest is over I read all the banks are closed due to the mass protest by the people. Thus, all the protesters have no choice but to use cryptocurrency in form of money. When I read the news, I thought the Hong Kong protest would boost the bitcoin price in the market but sadly not maybe next time I guess. |
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Chinese people are always fascinated with new technologies more especially when it comes to making money. In China, they have crazy cheap electricity for bitcoin miner to the level where everyone can set up and forget bitcoin miners and make tonne amount of money. So in China, the news of bitcoin spread rapidly saying bitcoin is a digital form of money which anyone can mine.
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Indeed, buying every price dip is the way to go because no one knows when the next bull run will start. If you are buying every dip then the next bull will come and meet you fully prepared. As they say, buy and sell high! When you buy bitcoin try to HODL it for some time until when the price gets better and then you'll sell for more profits. |
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I think right now is the accumulation phase in crypto. The price is doing sideways while the price of altcoins are somehow increasing gradually. There isn't really much going if the whales are really manipulating the prices except them buying some altcoins which is why the prices aren't at all moving up. I say we are in the bullish and a break out soon will prove this statement.
We will have to see what happens, it seems there is a positive sentiment in the market and while this is positive it also makes me anxious since the whales are experts at manipulating us and this could be nothing more but another of their manipulations. I really hope the price goes up and we see something similar to what happened 2 years ago but I cannot stop but feel unconvinced since 2 years seems too short of a time to see bitcoin challenging its ATH. There is no such thing as short or long in this unpredictable market, things that are certain that I follow is only the timing to buy and sell. When we that the market is bearish, that means an opportunity to buy, and as long as you have bought enough then you are already ready to hold for you future and just hope anytime a bull run may come to push the price to another higher level again. The bitcoin market is experiencing a bullish run while the altcoins market is still on the bear side. The bitcoin has dominated the cryptocurrency market with over 66% of the market dominance while altcoin market is managing the rest of the 34% of the market dominance. |
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Honestly speaking the bitcoin market is good as of now with slight improvement and not much dump except one particular dump before week or so which provided further pump, but are these manipulations just to for whales to cash out before the halving and then invest again at a cheaper value to get most profit of out it post halving? Are we going to witness major dump before halving?
Usually there are two dumps after a major bitcoin halving but there is no guarantee to that. Normally, after a bitcoin price halving we might see two different bitcoin dumps before the next bitcoin halving. The real issue is, the market may go up instead of going down because the dump is not permanent. |
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I don't think the bitcoin price will ever surpass $12,000 by the end of the year. It's not going to be easy for bitcoin price to recover back to $20,000 by the end of this year. Perhaps, December 2020 that is something that would be considered. This year is almost over as we have less than 60 days left to round off the year. |
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In my own personal opinion, bitcoin could really get back it's price up to 20k USD, but not for now it can't because bitcoin is still recovering it's price from it's downfall in the year of 2017. I think bitcoin could reach it's 20k USD price in the year of 2021 because bitcoin halving will happen in the starting year of 2020.
Almost all crypto users say that the price of bitcoin will reach $ 20000 by 2020, and they say that because of Good information support. although like that, we don't know exactly when the price of bitcoin can reach the price of $ 20000 by 2020, but many people analyze that the price of bitcoin will arrive at the price of $ 20000 in May 2020. Due to volatile nature of bitcoin, no one is able to point out the exact day or month of 2020 when bitcoin will be going beyond 20k dollars but there is a range given by experts. Most of the people are speculating that bitcoin will reach this magnificent price in the first quarter of 2020. So in short bitcoin supporters do not have to wait so long now. We are already approaching the end of 2019. The bitcoin price will recover back to $20,000 but the issue is when? To be realistic, no one really knows the exact answer to that maybe by the end of the year 2020. The bitcoin price is currently on the path to recovery, it started from $3200+ to reaching almost $14,000 all in this year. Perhaps, very soon the entire market will recover as well. |
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Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks.  It is more like the bitcoin price will moon toward the end of the year 2020. The bitcoin price is hard to sometimes predict but I think the bitcoin will moon between the third quarter to the fourth quarter of 2020. |
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in my opinion, why is bitcoin never a global currency, because every country already has its own currency, if you want to put bitcoin in it, of course there is a process that involves the entire country. If this is the case I find it difficult to make bitcoin a global currency ... !!
Added to that, not all countries are in favor in cryptocurrency, yes they might want crypto, but just means as payment solution, alternative money transfer for fast remitting or money, can be a form of investment but not as a global currency, although I would love too, still we know that it can't happen as of the moment. I can say that bitcoin can be our global currency if we adopt the technology that is using bitcoin as payment so fast because not all country is not that rich, and also not all people really know bitcoin is. So we should spread more of it so that many people will use it or even buy it, tell them how bitcoin beneficial to everyone, and how it is helpful to any transaction we are making. If we can adopt the technology so easy, it can actually happen, but I think it is not gonna happen if the government dont want it to happen because they are regulating it since if we use bitcoin they cannot get some taxes. But maybe they can if they make some law about it. It is actually hard to say. For Bitcoin to be accepted as a global currency it needs regulations. The bitcoin price volatility is freaking the people out and the governments as well. therefore for bitcoin to be accepted as a global currency the high price volatility must be contained. |
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Markets go through different phases, as we know this market has the tendency to operate in two different ways when it is going up, either we see bitcoin going up and outperform altcoins or we see an altcoin season in which most altcoins outperform bitcoin, during the last months we have seen bitcoin performing greatly and for this reason many are expecting for the market to change and watch altcoins going up faster than bitcoin, but there is no guarantee that will happen so if the decision is between investing in bitcoin or altcoins we need to choose bitcoin right now.
It would be better if you will diversify into those two. Bitcoin and altcoins are good investment and you can't never be wrong with that. They all have potential and the thing that you need to do is to determine what altcoin is the best for investment in long term basis because long term always pay the best rewards if you are an investor. You can not go wrong when you invest in bitcoin but when it comes to altcoins everything can go wrong, there are thousands of coins out there and only a few of them have any user base and a reason to exist at all, even some of the coins at the top are coins in which I will never invest, as such you must remember when you invest in altcoins that the risk is many times greater than the risk of investing in bitcoin and if you decide to do it then it is better for you to only invest a small portion of your capital in altcoins. It appears the altcoins market is not doing well this year like the recent years and the bitcoin market is doing pretty good this year even better than last. thus I see no problem moving your assets from altcoins to bitcoin. bitcoin is now the most profitable coin in the market. it is better to move all your assets to bitcoin. |
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I'm hoping that bitcoin can reach 22k this year, and looking at that graph, I have confidence that it can. But reading some other analysis, we can't still confirm it well, and I understand that reason. I also make my own interpretation, but in my calculations, and assume that I will only go to 18 - 20k. But then again it depends on the volume.  It's just too early to expect a $22,000 bull run within this year while the current price is not correlating to the price target. I expect that $22,000 or even $20,000 will touch next year but looking at the price trend and speculations it seems that the price is likely to move upward but not this year. We will surely going to see that new ATH of bitcoin next year we just need to HODL a little longer. To be very honest, no one can really predict the change accurately. At most, we can just tell that pump or dump is near. Back in 2017, no one or you can say majority was not expecting bitcoin to touch 20k dollars but it did and shocked everyone. We all know soon the market will be rising and bitcoin will be gaining value, it will definitely rise more than you can expect or imagine. Just wait and watch. Yes, I agree that it's tough to predict what will be the exact value of bitcoin and assuming that bitcoin will reach 20k above this year/ end of the year. Yes, you're right about in 2017 that most ppl don't expect that it will skyrocket at 20k. The market will surely increase, especially some ppl saying that BTC is repeating its history. I am also one of those people who think that bitcoin is repeating the history because we can see how firstly the price of the coin is increasing we can hope for really good. Now a days more investments are being done that is making the demand high and supply lower so I hope till end of 2019 if we can get 20k usd or $22k dollar. So now is the last chance for investors to finally grab bitcoin at a low price. Once this dip will over, which is going to happen soon, it would become almost impossible to see bitcoin at its current rate ever again. Bitcoin is just resting at the moment and this currency has the potential to touch 50k dollars. People will think that I am a moon guy but honestly, nobody imagined bitcoin to touch 20k but it did. It is about time I think, this is the most interesting bitcoin price chart that I have come across over the months and it looks very promising the way it shows how the bitcoin price will grow to reach $22k in just a couple of months, it is awesome and everything looks alright! |
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Hi everyone, I'm just start trading and I don't have too much experience in chart or technical analyse. So I joined some signal groups with monthly fee. Is it good, in your opnion? I hear about Alanmaster and his VIP signal, anyone hear about him or join his VIP member. Since I want to try so it's good if I have some feedback about it. Thanks Joining in signal group is too much expensive to get an tips which potential coins possible to get earn profits yes it also a helpful for the newbies but of course ypu need to start learning how to analyze flow chart to avoid loses and to avoid huge amout to paying in the group. Because trading is a serous and skills Ed job using technical analysis with good decision making. Newbies joining in signal groups tend to be more dependent to a trader that supplies the signals which is bad for start since it discourages them to learn at their own. I think joining signal groups are beneficial for those traders who already have foundation in trading although it's not a lot; basic trading skills such as analyzing the chart with common and simple indicators will do. joining in trading signal channel could help us find good coins that will give us profits.but we have becarefull,always check the reputation on trading history..not all lf trading signal has good trading result , some of them just take money their member.although we have money to pay member fee,we should forget to developt our own skill in trading,so in future we could trading by our own and not depending signal. Yes, following the market and price signals is the best practice for trading cryptocurrency. The market signals normally show which coin is the most profitable to buy and also when to sell. In fact, without the market signals, everybody is going to be blind in the market, no one would know which coin to buy or sell. |
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China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene. China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works. After China have announce with legal using bitcoin and blockchain technology we are still waiting which one country want to adopt and legal for using bitcoin transaction again? have any other bigger country like United Kingdom, Japan, North Korea and Singapore want to adopt and legal bitcoin as transaction payment or not, if have many country available using bitcoin and altcoin as legal transaction payment I think will easy bitcoin raise to higer price. China was clearly pointing about adoption of blockchain technology, they dont talk about exactly to bitcoin. And, there are no other countries who are still making a move to legalize cryptocurrency, but they remain as neutral. They are still waiting for the right time as of now There is no doubt China is the major reason behind the recent bitcoin price boost. China's president announced the Chinese government plant to adopt the blockchain technology and that is enough to change the market conditions. The people would be thinking China will be back again. |
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The best market place to buy bitcoin right now is Paxful.com there is no better marketplace than paxful. On Paxful you can buy bitcoin with pretty much any payment method from Paypal, credit card, bank transfer, gift cards, skrill, payoneer, netellar, and plus 380 different methods of payment.
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With 60 Bitcoins I can start a business of buying and selling bitcoin hardware wallets on Amazon and eBay. Also, you can buy bitcoin miners from both Bitmain and Avalon and sell them on Amazon and eBay. you can also buy and sell cheap used bitcoin miners online. you can trade cryptocurrency as well. What you can do with 60 bitcoins sky is the limit.
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Unfortunately people can't stop emphasizing on about the price of btc because it's what gives the excitement, the technological aspect does not get much attention from many btc holders at this point, if only people can actually stop worry too much about price, go less about the predictions, and talk more about the possibilities, it will be nice.
It's funny how people are worried and can't stop speculating about the bitcoin price. though it is natural but people are worried way too much, people can't stop talking about the price whether it goes up or down. It's in our nature as humans, and I see nothing wrong with that. |
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