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Gold has been sleeping for a long time, and I feel like a lot of people have already forgotten the fact that it's still one of the safe havens that people will turn to in an economic downturn. There is also silver, which I feel like is definitely underappreciated as well at the moment.
After the gold rallies earlier on in this decade, gold prices have essentially stabilized and found a bottom, and is now moving sideways instead of having a particular direction in which it's moving at. That is a pretty good sign that it's preparing for a bull market.
Demand for gold as a store of value will come naturally, as more people realize how unreliable fiat is.
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Venezuelan President Nicolas Maduro has reportedly approved the registration of 16 cryptocurrency exchanges in the country, months after introducing regulations for the emerging space. Maduro hopes that these exchanges will start listing Petro soon, but none of them did confirm the inclusion. https://www.financemagnates.com/cryptocurrency/news/16-cryptocurrency-exchanges-get-approval-launch-venezuelaWhat implications can this step have on Venezuelan economy being the economy with highest inflation rate and simultaneously what does this mean to cryptocurrency world wide? What he's doing with the exchange approvals is good, as I've said, countries who welcome crypto businesses into their country to operate will always reap the rewards later on when the adoption rates of crypto becomes much higher. However, the Petro, which is essentially a centralized crypto, isn't something that I'd want to personally invest in. Nor will any of this affect the average Joe in Venezuela, since it's all restricted to the elite people who actually have the capital to trade. For them, BTC is still the most accessible store of value at the moment in my opinion. And if functional exchanges can actually launched, it'll definitely help Venezuela's suffering economy, at least on the front of storing value, which their currency is not capable of. |
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It should be in the interests of every country to encourage crypto activity within their country, and to remain competitive, and not restrict access to bitcoin and crypto. Especially when you can clearly see that adoption of bitcoin and crypto are going to probably continue to pick up in the long run.
You don't want to have high taxes and discourage crypto businesses and force them out of your country.
There are absolutely no guarantees that any other country would follow in the tracks of France, or even if France will keep up with its renewed tax policies. But these developments are what other countries should look up to, imho.
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You just never invest in Telegram bots.
I'd say that there is less than a one in a million chance that a bot that you come across on Telegram is actually a legit investment scheme. Think about it logically - why would any legit company use Telegram as an investment platform?
All bots that claim to be "mining" on Telegram are not mining, best case scenario would be that they are a ponzi scheme and they pay out to some early investors, but scam all the investors later on.
Your situation was a bit complex, with all the keys involved, and it was a bit confusing. But nonetheless, it's the same concept the scammers are trying to use. They are trying to get you into depositing money with them, in order to withdraw previously earned funds, which if you think about it, just makes no sense.
Hopefully you've learned your lesson. Don't trust investment or money making schemes that you come across online, especially ones hosted by a telegram bot.
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Temporary dips are very common in bull runs, that's the way the market works. After a big run there is always a small correction, and after that comes the next run. Don't be afraid and hodl your coins.
Temporary dips are definitely not uncommon, however you never know which one is going to be the last before a true bear market sets in. And even though bitcoin is bullish in the long term, it's not as simple as bull run after bull run. Right now, I think we are nearing the end of the current bull run. A correction is definitely needed, and will occur soon in my opinion. There has been a lot of people buying out of the fear of missing out, and that means that the price is most likely overheated and a dip will come soon. I believe the markets will overreact to this correction, and potentially start panic dumping the same way they are panic buying now due to the FOMO. Also go against the market sentiment in panic sell/buy situations. |
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I wouldn't say that it's big support. There is some support at $9k right now, but doesn't mean that it can't be broken through if bitcoin doesn't make a move upwards soon. And that is the problem, in my opinion. The market has no upward momentum, and we just retested $10k with no avail. There is a huge chance that a pretty big correction is coming. Of course, I'm not saying that $11700 is impossible. But it's unlikely, and even if it happens, it would be around the ceiling of this rally. I'd bet on bitcoin finishing the year above $10k, potentially even above $12k with strong support at the 5 digit level. But right now I think we're still trying to consolidate at lower prices instead of moving up too much in a short period of time. |
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I think Bitcoin is heading for the usual Sunday night drop. I'd say 7k was not unlikely in say 12 hours or so time. Not maybe low 7k but 7k. And the volume looks very low.
Even though the markets have been quite sluggish, without much movement upwards, we simply haven't seen anything that even came close to a drop of this size. $9.5k to $7k in one day would be a 27% drop in less than one day. We haven't seen that even in the most bearish state of the dumps at the start of this year. Flash crashes like this are extremely rare, and there is definitely nothing to suggest that it's going to happen today. Bitcoin could possibly correct down to $7k or even lower, after this rally is over. There are no guarantees, but it's going to be gradual if it does happen. No way it's happening in one day, since there is still a ton of support at both $8k and $9k levels. And the only reason I think this has a chance of happening, is because the market sentiment seems slightly bearish still, and we don't seem to be ready yet to get into a fully bullish market. |
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https://www.msn.com/en-us/money/savingandinvesting/why-investors-should-dread-the-month-of-may-–-especially-this-year/ar-AAwqxnh?ocid=spartandhp ^ check it. According to historical data, the stock market bears in May for most years. We've seen thus far that when the stock market does poorly, it affects the crypto market in a similar fashion. What do you guys think about this upcoming May? Will we moon more or will we dip? It seems to me that institutional investors who are invested in both stocks and crypto will move some crypto out (sell) to help offset their losses from stocks. That's what could drive the price down by a bit. What are your thoughts? I'm still not entirely convinced with what exactly the correlation between the stock market and bitcoin markets are, because there is still a lack of institutional investors that are actually actively invested in bitcoin. Plus, we don't know what they would actually do in a bear market situation, there is simply not enough data to gather from. But simply from analyzing bitcoin's native markets, I think we are definitely going to see some drop offs from the amazing recovery we've had from the $6k bottom all the way up to $9k+ that we are sitting on right now. And it's not going to be caused by May being historically bad for the stock market or whatever. It's just because I don't think that we're fully out of the bearish sentiment yet, and we're struggling to push over the $10k resistance, which may lead to a pretty sizable dump in May. |
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do you think bitcoin is out of the bear pocket.. ?
For the moment, yes. We did realize around 40% gains from the bottom to where we are now, which definitely isn't bearish by any means. However, looking at the greater scheme of things, I think we may not be out fully. Because unlike last year, this time traders are more cautious even in the bull run that we are having right now. A lot of people are ready to take profits if the opportunity presents itself, which means that prices aren't going to increase fast. I personally think that there may be more dips to come, before the real recovery starts that takes us to the new bull market. We've only really been in a bear market for 4 months or so, compare that to the 1 year bear market in 2014, and you'll see that we probably have some more months of non-bullish market activity even though markets have matured a lot since 2014. |
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Well what's your guess with regard to the further market's pulse?
That would be a fall? What relative indicators can you see? Nothing. Possible negative news in mass media, no.. people are taught by the previous news fakes like limitations in India..
It would more likely be a growth chain reaction in spite of a little market correction or a big sales..
Anyway what's your opinion?
The thing is, the markets doesn't need any bad news to make it go down. It can go down just because people want to take profits at high levels like right now, since they bought at way lower levels. It could go down because of shorters in the market. It can also go down due to unforeseen regulations, which although has been debunked already multiple times still make some of the traders panic dump. The rally went from $6800 to over $9500, I don't see this level of growth in the market sustaining. Just no way it's going to keep being bullish and going up like last year, there has to be a correction. For sure, I'm going for the correction. However, I wouldn't say that it's that dramatic. Markets are somewhat more bullish now, and I think the panic dumping that may occur will be significantly less than the previous dumps. |
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On the day of the bot profit is 5-30% That should have been the first warning sign that you encounter. No way in the world is a small site with a poorly designed UI going to be offering a minimum of 5% per day profit, realistically speaking. You can tell straightaway from that that it's either a ponzi, or a scam altogether that doesn't even try to be a ponzi. Arbitrage in itself is a legitimate thing, but this bot is definitely fake. No one has ever heard of it, yet it offers such advanced levels of control and profitability? And why are they selling this, if they can make 5-30% per day themselves? Seems like a total of 0.31 BTC was sent to the address that you provided, let's hope that nobody else falls for this.  |
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This is all about definitions. Doesn't prove anything. If he says that investing is only when the asset you acquire produces returns on top of capital gains, then yeah. Bitcoin doesn't produce any sort of dividends. But is it really fair to classify "investments" as only things that produce you dividends? I don't think it is.
By his standards, gold isn't an investment, even though it's a long term proven store of value, much like bitcoin will become. Yet, something as illogical as putting your money into the bank for the long run, is.
Honestly, who cares what the definitions are. We know what bitcoin is, what bitcoin is useful for. And that's honestly enough.
I definitely feel like it's a bit of a stretch to say that bitcoin isn't an investment, when a ton of people are using it as a store of value and hedge against the fiat currencies.
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There was a double bottom at $6600, so the support at that level is real steady by the looks of it.
There is a chance that we go lower than the bottom that we already saw, but I don't think that it's a big chance. And if it does happen, it's not going to drop too far below the $6k bottom. I think it's safe to say that we're already in recovery mode.
However, you've just got to be prepared for everything. The bear market could return and take everyone by surprise again, and you don't want to be caught having a lot of BTC that you're not ready to hold for the long run. Just because the majority of institutional investors think that the bottom has already formed, doesn't mean that it's actually going to be the case.
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Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.
Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.
So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?
If you have noticed a trend in when these sort of articles always come out, it is always when bitcoin isn't doing well, probably in a bear market, and someone publishes negative news surrounding bitcoin. Never in a bull market will you hear these types of things. Not all news articles will influence prices, and none of them, especially opinion pieces like this that speculate on BTC's future, will have a longlasting effect on bitcoin. If you're talking about bullish news, it could be a well known public figure getting into bitcoin, a major institution starting to trade BTC, any of these things. The rally right now is created by the fact that support at $6600 levels are tested and they seem to be quite steady, which made this rally possible. It's also fueled somewhat by Tom Lee's predictions of a bull market. At the end of the day, try not to be influenced by market sentiment or news articles like this that is created in the spur of the moment. |
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According to this youtuber Chris there was a Accumulation period in 2015-2016: https://www.youtube.com/watch?v=_I6_8nN3IX8Please note more people know about bitcoin today than compared to 2015-2016. So the question is will there be another accumulation stage soon or is it impossible to have this stage as lots of people already know about bitcoin today? Accumulation stages only happens when less people know about it? Actually when we hit under $7k a few weeks ago, it was clear that a temporary bottom was forming and we weren't far away from, if not already in the accumulation phase. But I think that later in Q2 (which is the quarter we are in right now), we'll see another wave of dumps. After the rally that's pushing prices up right now ends, there's going to be a pretty large dump for sure. That's when accumulating BTC is going to be at its best, in my opinion. In a bear market you always want to be buying the dips, and this year isn't going to be filled with much bullish activity like last year. Much more likely that prices are going to dip and go sideways, so do accumulate if you have the means to do it. |
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Russian ICOs have raised a total of $300 million funds in 2017, but half of them went to pyramid schemes, according to The Russian Association of Cryptocurrency and Blockchain (RACIB). The association believes Russian projects are able to attract $1-1.5 billion USD in 2018 but they need to become more trustworthy. Last year, the Russians lost $150 million due to investments in unscrupulous ICOs. RACIB has announced its intention to develop guidelines for ICOs in Russia hoping to distinguish between legitimate projects from fraud schemes and financial pyramids. According to the suggested guidelines ICOs should be judged by several criteria, including the credibility of its team members, its business plan and the viability of its product.  have you anytime take part of this ICO's types? Proof is here https://en.insider.pro/topnews/2018-04-24/half-russian-ico-money-went-pyramid-schemes-2017/ I don't know if these stats are actually accurate or not, but it wouldn't surprise me. There were indeed a lot of panzi or pyramid schemes that just hid under the cryptocurrency brand during the past few years. Based on my personal experience, there were definitely a lot of people who put money in these so called "investments". Again, this is where government regulation on crypto could actually potentially be helpful. To weed out these scam programs and educate the public. I have no problems against that. But it's when they deny access to crypto altogether using their regulatory powers that it becomes unacceptable. |
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Of course blockchain isn't just bitcoin.
But bitcoin is the first currency that uses blockchain technology. That's why there are so many people who swear by it and are willing to put money into it. But that doesn't mean that blockchain technology is only limited to bitcoin, or even transaction making.
Lots of governments are currently launching their own blockchain/cryptocurrency programs, where they aim to have more direct control over the economy and taxation. Blockchain in this instance is applied in a completely different way than bitcoin, since it is centralized.
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Again, there are absolutely no ETAs or promises. It's simply an expression of interest that they are potentially interested in opening one. There aren't even any in depth look into what services they will actually offer in terms of trading. Obviously, if it does happen, then it'll mean that a lot more institutional investors are going to be attracted to investing in BTC and crypto in general. And crypto volumes will obviously also climb as a result. The news itself of Nasdaq opening a crypto exchange will probably bring a lot of hype in the market, pushing the prices up as well. But this isn't needed. Bitcoin is a decentralized currency, and it doesn't need any particular exchanges to list it in order to be successful. Exchanges that we currently have that are specializing in in crypto transactions are already enough. There are also going to be concerns about manipulation if Nasdaq does create a crypto exchange. |
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If this is true, then honestly it's only advantageous to the country's own economy by welcoming a growing field of crypto in my opinion. A lot of countries are pressing pretty strict regulations or even bans on bitcoin and other cryptos, which in my opinion, makes no sense.
Especially exchanges, crypto exchanges are currently getting pressured to shut down everywhere due to regulatory concerns and pressures. If the phillipines can create an environment where these exchanges can operate without concerns of regulations, it'll just attract a lot more crypto businesses or startups to their country, which will only benefit them.
But this hasn't started yet, we can only take their words for it, and there are no guarantees that their outlook on crypto doesn't change in the future.
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This is too funny. Author tries to argue that at this point a single bad piece of news will destroy Bitcoin and the entire crypto market. Says Bitcoin and the whole market's time is done. Any bad news he says, even a piece of news that doesn't seem that important, will suddenly send the market into a downward spiral from which it will never recover. One of my favorite parts is when he says its impossible for anyone to claim to be an expert when it comes to the crypto market (in fact he calls it mind-boggling and just plain ridiculous)...in an article in which he says he is sure the market is about to collapse for forever simply because he believes the hype is over. The article is title "This spells doom for bitcoin" and yet there is no "this" in the article other than him thinking the hype is over and something about volatility in traditional markets being down. The good news is we can put his ridiculous premise to the test very soon! If the entire crypto market doesn't collapse in on itself on the next piece of slightly bad news then he's proven wrong. Shouldn't take more than a couple weeks  Just wanted to share this hilarious piece of FUD with you all. https://seekingalpha.com/article/4166851-spells-doom-bitcoin?auth_param=1ehdal:1de6d9r:998a4d45efa366c6d3a89b51e4cd2bfc&uprof=45&dr=1He clearly doesn't know what he's talking about. Bitcoin markets are cyclic in nature, and obviously there will be bear and bull markets. Anyone sees that. Certain events does affect bitcoin prices in the short term, but no way are they going to "destroy" the entire market. Again, the hype that he talked about has indeed died down, but that does not affect the long term adoption of bitcoin at all. It's literally just a bull market coming to an end, jeez. Nothing more than that. I don't think the author realizes that in a bull market, people get hyped up, and in a bear market, the hype dies down. It's completely normal, and will eventually recover once the next bull market comes by. Honestly, just ignore these articles as they clearly have no substance to them. |
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