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1  Economy / Speculation / Re: BIG HOPE FOR BITCOIN on: June 11, 2018, 09:11:44 PM
Bitcoin might have future as digital gold but with more and more digital coins appearing on the scene,
the argument for using Bitcoin as a means of transactions is becoming less justifiable.
We don't even need that process large number of transactions - since Bitcoin users are mainly holders.
Not so long ago I read predictions that Bitcoin's price will surpass the $100k mark by mid 2018.
Now I don't think we will reach that number before next halving - and even then it would be hard to achieve.
2  Economy / Speculation / Re: BTC WILL Go 5K . on: June 10, 2018, 08:57:09 PM
I'm a little shocked. An hour ago I went home and saw what was happening! What happened ? Why is everything red? Has there been any major hacking? Whom hacked?
Presumably South Korean crypto exchange Coinrail has been hacked. They are now checking their systems after a suspected hacking attempt.
But from what I can tell this event is unlikely to have really impacted the price action on the markets,
Coinrail is not a big exchange, as thir trading volume is just about $2,5kk - so it is more of a tempest in a teapot.
3  Economy / Speculation / Re: BTC WILL Go 5K . on: June 10, 2018, 08:34:27 PM
Bitcoin has lost about of 7% of its value in the past 24 hours, currently trading at $6,780. The majority of the decline took place over a period of just recent hours, earlier today.
I guess that we have seen the sharp price decline because CFTC has requested trading data from crypto exchanges: Coinbase, Bitstamp, itBit and Kraken.
It's no surprise that these platforms might be involved in crypto price manipulation - we will see about that soon enough.
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a new phenomenal innovation on: June 10, 2018, 07:54:07 PM
Bitcoin is probably the most important invention of the 21st century so far - yet so many people are failing to understand its significance.
We are all praising how amazing BTC is - but at the same time, almost none of us believes in it to the point of focusing only on BTC and switch over from FIAT economy to cryptocurrency.
5  Economy / Economics / Re: Speculation on BTC on: June 09, 2018, 01:21:02 PM
I am kinda worried about one factor - rate of Bitcoin adoption. It seems like adoption slowed down significantly during last year, and sometimes even reverted (Steam is no longer accepting BTC)
Metcalfe's law states that the value of a network increases as the number of users on said network increases. So the number of users we have, affect directly the price  BTC
Adoption is somewhat stagnant - no major company is talking about accepting bitcoin as a payment method - because they know that people are not willing to spend their coins anyway.
I am worried that "hodling' mentality of Bitcoin users, in the end, will be a very big problem and the reason for low BTC adoption.
6  Economy / Speculation / Re: We expect a favorable market in June? on: June 07, 2018, 04:05:21 PM
It is really hard to tell whether we will see the favourable market (read: price increase). couple factors to consider:

1. Rate of adoption: there is a law that states that the value of a network increases as the number of users on said network increases, and this is somewhat applicable to Bitcoin as well.
The problem here is that adoption of Bitcoin is hard to estimate, and certainly won't grow fast enough so we could see rapid changes.

2. Bitcoin is built on Blockchain technology, it is somewhat old and not geared up with the most recent upgrades.
 It is easy to say that from a technological perspective other cryptocurrencies built on the same platform might perform better.

3. Regulations, the inception of other coins and creation of crypto futures - all these factors will have a certain effect on the price as well, which is - surprise - hard to predict ATM.
7  Bitcoin / Bitcoin Discussion / Re: How to invest in Crypto wisely and strategically on: June 06, 2018, 04:27:12 PM
My strategy is to choose the best coins from coinmarketcap. Buy when the price is low and hold. I have divided my investment money into several parts, so I buy coins at a low price.
And how you are picking interesting coins?  You choose random coins, consider only top coins or new/trending ones?
You know that this is kinda rash - as the new coins in the top 100 market cap are rotating like crazy.
8  Other / Off-topic / Re: How much time you spend on researching about bitcoins ? on: June 05, 2018, 09:57:02 PM
I spent some significant time last year researching Bitcoin and ETH, and tried to learn what is the concept behind it and how it runs and why value going up etc etc, now i do research on altcoin, and trying to find some good coin to invest.
Learning about new altcoins, ICOs, crypto related projects is a never-ending story. If you don't want to be out of the loop you will need to monitor the market every day.
I remember that coins which were on top of the coin market cap chart at some point are now barely staying alive - with proper research you can mitigate your loses here.
Recently I am focusing more on learning about potential legal regulations of crypto more than learning about new coins though.
There is no point in earning money via crypto when you won't be able to use/withdraw it in the future due to problematic regulation.
9  Bitcoin / Bitcoin Discussion / Re: Anticipation from the future ? on: June 04, 2018, 08:09:03 PM
I agree to you that there is no such thing to think negative about bitcoin in the future, -snip-
But everyone at some point experienced entrapment into unwanted thoughts of possible bitcoin failure in the future.
I read the news that in February German authorities sold $14 million in seized cryptos because they were afraid that price might crash.
And please remember that in early February we reached the lowest price since the post-ATH decline of last year spike.
10  Bitcoin / Bitcoin Discussion / Re: Will bitcoin Die because of global Regulations? on: June 02, 2018, 03:22:20 PM
In theory, we have an amazing asset in our hands - decentralization, so any sort of local regulations or bans shouldn't affect Bitcoin at all.
But in practice decentralization is not important when people's opinion is biased. Imagine the following - if some major player like USA or EU would ban BTC completely,
what exactly would happen? Would the network be useless? No. But I am sure that price of bitcoin would crash ATL in 3 days.
11  Other / Beginners & Help / Re: How educate yourself about crypto? on: May 31, 2018, 03:50:07 PM
I have only one advice for you if you want to learn more about Bitcoin or cryptocurrency in general:
don't limit yourself to one site, forum or information channel - search alternative source of information, always compare sources.
Read reddit, bitcointalk, other forums various news sites and mainstream media news about Bitcoin.
Only when you combine everything together you will have a full picture of the situation.
12  Economy / Speculation / Re: BITCOIN DIE !!! on: May 30, 2018, 10:09:37 PM
That clickbait topic though.
My  thought exactly - there should be some kind of policy against so clickbait topics Wink
Also, bitcoin doesn't care about price. Whether bitcoin is priced at $20k, $50k, $5k, 1k, or even as low as $5, it doesn't care. Bitcoin's technology will always be there, regardless of price(though mining hashrate will probably be significantly lower, but still. My point still stands).
And I don't know about that - I know that technology is there, and the better or more sophisticated tech/coin won't kill bitcoin.
But at the same time, the price is the benchmark of bitcoin's success  - I think that if the price will revert at some point to sub $1000 levels,
then it would mean that bitcoin failed to deliver - and therefore investors lost their hope and most likely will move to other altcoins.
13  Economy / Speculation / Re: I am planning to buy 1 BTC. Do I need to wait few more days for a price fall? on: May 30, 2018, 09:58:25 PM
I am planning to buy 1 BTC. Do I need to wait few more days for a price fall?
Just don't fall into this trap when you will be waiting forever for the best/lowest dip ever.
You know that Bitcoin might reach $20k we've seen that before, there is no way that current low price will be with us for much longer.
So I just repeat - don't wait for the lowest dip - you will still earn a lot when we reach $10k this summer.
14  Economy / Speculation / Re: how low can it go on: May 29, 2018, 04:24:25 PM
Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.
Fear not, the price is not that low yet. I heard that there will be a demand coming from institutional clients when the price will go lower than $6k
It's still a good time to buy cheap coins - although bears are pushing to explore April low area.
Qhwn you re in doubt about bitcoin's future just take a look at 1-year price charts and see where are we standing now.
15  Other / Beginners & Help / Re: Do We Need To Change Bitcoin Logo ₿? on: May 29, 2018, 04:04:47 PM
Maybe to change the system, Bitcoin have to change its Logo ?
I don't think so - there is no need for us to think about new BTC logo, it's not the problem here.
Bitcoin logo is just fine as it is, it is simple, easy to spot differentiate from other crypto/fiat logos and clear to understand for everyone.
What is bothering me is fact that we have more than one "bitcoin' now and Bitcoin Cash has an awfully similar logo to old Bitcoin.
This might be confusing for the untrained eyes.
16  Economy / Speculation / Re: Is the Bitcoin market going to collapse? on: May 27, 2018, 12:00:29 PM
History has a habit of repeating itself. However, the pattern of prices after the recurrence of history, make their own adjustments. Bitcoin was already experiencing such ups and downs. This correction will also pass.
In my opinion bitcoin will not die. Because regulation of the state will be the basis of fixing bitcoin as payment tool. We just need a little bit more time and must be patient.
This is correct. I have no words for people who think that just because we have thousands of altcoins so bitcoin is destined to fall.
We need to get real here - no amount of random shitcoins will gonna make people sell BTC and go for altcoin XY.
Bitcoin is not a sprint it is a marathon - so if someone is expecting price spike to $100k overnight - then maybe it is better to buy altcoins then.
17  Economy / Speculation / Re: Bitcoin Red Price to End Soon on: May 24, 2018, 06:35:40 PM
And why exactly normal bitcoin users/hodlers are panicking here? Feds are trying to get rid of scammers, bad actors and manipulators.
Isn't that right? Then why the price is now lower and people are selling - I don't get it - it should be totally otherwise.
Someone will explain to me what people are afraid here? More regulations? So what? It is to be expected in the long run.
18  Bitcoin / Bitcoin Discussion / Re: What is the reason why we really need Bitcoin? on: May 21, 2018, 12:09:57 PM
Why do we really need Bitcoin?
I am a secretive and confidential escapee. I hate keeping money in safes with passwords or depositing money in banks that fear bank bankruptcy. I need bitcoin, will no one have control over my bitcoin account, unlike other electronic money systems, you may be locked account, frozen property. With bitcoin you own the private key, with a separate bitcoin address. No one manages and controls accounts outside of you.
And you?
Exactly this. I would like to put power in the hands of the people. I am fed with all these banks, payments operators, companies which are processing payments for payments operators etc. etc.
It seems that my money is like circling around and to reach its destination around ~5 companies need to take care of it along the way. That is why the direct p2p system is far, far better.
19  Economy / Economics / Re: Will bitcoin change the distribution of wealth in the world? on: May 19, 2018, 10:37:57 PM
There is no way for the openly distributed monetary system to fix inequality of wealth distribution.
How can you prevent already rich people from buying more coins - there is no way for us to enforce that kind of regulation.
It's true that Bitcoin at the beginning was dirt cheap, some lucky people are not extremely rich, but that doesn't help solve inequality problem.
20  Economy / Speculation / Re: Will you stay in crypto if BTC does not recover? on: May 17, 2018, 09:17:07 PM
I wonder what you some of you have been doing in early 2015 when the price of bitcoin dropped like a rock to around ~$200 level.
Guys - please look at the bigger picture here, the price of BTC is far higher than most of the 'experts' predicted last year.
In February last year Bobby Lee (CEO of OKCoin) said that bitcoin might reach $5k-$11k price tag after having in 2020!
And we reached 20k in December 2018 - the price of BTC is still far, far higher than our expectations were a year ago.

Remember that.
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