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No problem.
Bitcoin has so much untapped potential yet it will have to redefine economics as we know it. Changing this paradigm will take a lot of time (many years).
Current economics are built around the ever increasing world population and the ability to print more money.
If only Bitcoin would exist a simple hack could ground a country which is an unacceptable risk.
Therefore I believe Bitcoin should initially only replace international banking (like cash and reserve currency) and not inland banking.
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New picture from Mars:  Interesting fact: NASA budget is 20 billion a year, or approx 15000 BTC a day. Moon is closer    |
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At this stage simulation theory makes as much sense as any other.
someone wrote (sorry dunno who, science fiction author perhaps?) that we arent in a simulation. main reason being that irrational numbers exist. like pi.. something so universally used in nature that a simulation would waste vast amounts of computing power to model it. so basically, in a simulation, no irrational numbers would exist as it would be a poor design for a simulation to include such things. If in a simulation: - Who says our simulation is using a classical computer. - Who says that the world outside our simulation has any resemblance. Nice philosophical discussion  |
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(1)
Bitcoin is still fighting for it's place as a store of value.
Regulations and acceptance by governments is required for more stable base.
Bitcoin is currently a highly speculative (and highly volatile) product so prices will fluctuate heavily. $20k was way to high and is now corrected/popped.
(2)
The USA is not the center of the world. There are much more people in the rest of the world.
There are more countries that might allow for Bitcoin to gain acceptance before the USA.
So there is more potential for adoption outside of the USA.
India for example has 1.21 billion people that can potentially invest.
(3)
A bubble bursting is caused by a false backing.
A correction is a minor price drop due to it's real value being different to the stock price.
I think Bitcoin is both. We have the inexperienced investors causing a bubble every few months/years to pop. The professional investors are more relaxed and correct the price during non-bubble periods.
Bitcoin is the closest/easiest thing to "Get rich quick".
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Good time to enter |
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I agree that the comparison to the Japanese stock market isn't the most valid, for the reasons I states in my previous post, but writing off everything you don't like as "FUD" is neither smart nor helpful. Everyone needs to be aware that yes, we could rally again next year, but similarly this could very well be the start of a several year bear market. No one knows.
If someone grabs a random stock and predicts that recovery will not happen in 30 years and project it on Bitcoin, then IMO OP is projecting - Fear of never recovering - Uncertainty of Bitcoins future - Despair as in "Don't Buy the F*cking Dip" You are correct that we do not know what is coming. I think we should try and be optimistic. |
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Hey guys!
I have some btc in my wallet and I believed in best but yesterday I watched some crypto news and everything seems to be even worse than I expected.
Some crypto experts told that till the end of the year Bitcoin will lose 50% percents and will come to 2500-3000$..
I don't know whether to believe in it or not.. There are so mane predictions these days.
What do you think about it? Is it still worth holding or it's time to sell everything and forget about it?
the current situation is almost similar with what happened in the year 2014 but at different price levels.  i'm not sure on which time frame it's been set but take a look at this chart and imagine how the 2014 chart looks like and compare it to its present view. and imagine the current chart that we're in will look the same with the 2014's this is just my opinion but I still think there is a possibility that it will happen in the near future. and by the way, it's still your choice if you would hold or you would sell what you have because you will still surely follow what your mind says. Yes, it is similiar. And also it is similiar to tulip mania chart:  And so, what conclusions we can do because of this fact? *facepalm* - we've heard this before .... many many many times ... every dip people start chanting this shit. It has nothing in common with the Tulip crisis Bitcoin would have died in the first few years. Bitcoin would not have multiple ATH cycles. Bitcoin has corrections. The technology is sound and it was meant as a store of value. Bitcoin has a worldwide ecosystem. Bitcoins cannot be cultivated. Creation requires work, work that gets harder and harder. |
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what I don't get here is that why made you even compare stocks market of Japan with bitcoin?!!! it is like comparing apples and oranges. there is nothing comparable here. and even if you want to compare then start comparing them in ALL aspects not just take one part (the time taking for recovery) and compare that. you need to start comparing volume, price rise and drop (as in the size and time frame it takes), manipulations, regulation, investor trust, FUD, number of investors, potential... and a ton of other factors. and as you start doing that you can see how your statement starts falling apart.
He made the comparison because it fits his outlook on the situation or the agenda of his master  . Just another FUD. But in some sense there is a point to be made that the history of Bitcoin might not repeat. I however still believe in Bitcoin |
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Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?
for the 10k price this year is too short so we should expect less so that in the end we will not regret anything it is better to expect nothing rather than much, 3k to 10k is too far even that there is a bull run in the market I think it will reach the 10k mark this year. I think we should be thankful if there is a trend reversal and a sideways slight upward trend. |
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It's a nice way for the government to sc00p d3m ch3ap coinz |
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Imo the price is being forced down by whales to load up on cheap coins. Its the only way they can increase their supply. Because they know in about 2 m9nths there is going to be sonw serious demand for btc when bakkt opens for trading. Its almost like guaranteed money for the whales. Institutions arent going to be selling in January they are going to be buying.
Think about it if an institution wants to buy 50000 deliverable bitcoins they have to be in baakts possession to deliver. So they will bw scrambling for coins at sone point in time. This is the way to $100k+ bitcoin. Be patient or buy until the end of January we will be fine.
Bitcoins are being accumulated as we speak.... Major investors are usually ahead of the game.... |
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The moment you see paid trolls attacking bitcoin. This is a coordinated attack by big whales to buy cheap bitcoins. Big pump is coming guys.
bitcoin is in hard time recently but do not hurry to buy, I think you should wait for me time. Yes let's wait for it to skyrocket and then buy  Buy on the way down. Sell on the way up. Long term trend (decade trend) still seems positive.... |
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I had held them from early 2014.
Me 2, I started small at double digits |
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Fiat is inflationary BTC is deflationary Odds are in the HODLers favor |
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Bitcoin can go YOLO in 30 days but I don't see $15k happening.
$5k would be a good new year.
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I sold a portion of my BTC, but just enough to leave me in a comfortable position for the next couple of years. The majority I will be holding to 2021 or 2022.
IMO it's a bad time to sell unless you've been holding for years. But you are holding for 2021, 2022 which is a good long term position. I'm in for 2020 to 2022 too. |
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Since Bitcoin has no rules, one could in theory team up to manipulate the market. Like the Fontas pump and dumps |
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that may be the case but usually in cases like this i ask myself this question:
why did the price went down in first place? and then whether that reason is still valid.
in this case the reason in my opinion was manipulation and panic because of FUD. and when that happens there no longer is any bottom. we are in an unpredictable state!
I think we are in a pretty predictable state. - No real reason to doubt Bitcoin tech - FUD and despair - End of year (people need real money for christmas, etc.) - A lot of similarities with the previous trend reversal after the last ATH crash. We are about to witness a reversal in trend. Trend will mildly go upward and mostly it will go sideways. I do not believe we will go below $2k (hopefully not $3k)with that last statement you are confirming that we are actually NOT in a predictable state. otherwise you could have said $3400ish was the bottom and the trend has indeed reversed. but you can not say that and that means unpredictability. the same manipulators who dumped the price so far can decide to dump more and keep it down for a longer time or they may run out of power and the price can reverse upwards towards real bottom at $6k... In my opinion unpredictable means that you have no clue whatsoever on what is going to happen. It is obvious that we are close to or at the bottom or have hit it and the trend will reverse. All the FUD is a great indicator for this. And in fact I do believe that we have hit the bottom and the bottom might get aggressively retested. That is why I mentioned the $2k. Whales are going to keep on pushing until they can't get lower. So for me it is predictable (as far as stock price predictability goes) |
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Chances of Bitcoin increasing are increasing.
If you believe in the next wave you should be buying not selling.
Coins are now on the cheap. You will regret not buying when we are back at $6k then again when we hit $10k ... etc.
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that may be the case but usually in cases like this i ask myself this question:
why did the price went down in first place? and then whether that reason is still valid.
in this case the reason in my opinion was manipulation and panic because of FUD. and when that happens there no longer is any bottom. we are in an unpredictable state!
I think we are in a pretty predictable state. - No real reason to doubt Bitcoin tech - FUD and despair - End of year (people need real money for christmas, etc.) - A lot of similarities with the previous trend reversal after the last ATH crash. We are about to witness a reversal in trend. Trend will mildly go upward and mostly it will go sideways. I do not believe we will go below $2k (hopefully not $3k) |
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