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Bigger growth is expected with bitcoin to happen over the falling weeks. This could make the price reach $20k at the shortest, as more volume of funds are coming into bitcoin. During the previous bull market the price grow high when it got closer to bitcoin.
This time the growth from the price around $13000 is happening in a stabilized and slow manner. This means the price used to move within few price points and then cross big barriers. The same is happening at present, so the market is growing with better stability.
When there is growth in large scale, in $1000s surely there'll be some form of panic wave making the market to crash. So, the growth happening in a stabilized manner is good for the market.
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Too optimistic I think my friend...currently BTc trades at 17.500$....it still has a loooong way to go!
That's what they said beginning of 2017, price is ~$1k, people saying that the top will be $5k, but look at how that year ends, we reaches all time high of almost $20k. So never underestimate the resiliency of the bitcoin market. At the current price, it's just 2x, so I wouldn't be surprised in 2021 that $35k or even more at within our grasp. $35k is not really that too high to reach because looking at the current price, it's very possible for bitcoin to reach another ATH even early next year. We just need to be realistic sometime not to expect too impossible for bitcoin because it might turn into another hype. But $35k to $42k is very attainable and i guess most of us here agrees to it. Yes, that's really attainable, in 2021, I agree, even $50k is within reach in the next bull run. And if we are going to look at the 2017 bull run, the volume of today is the same or even surpasses it already. So there are enough, maybe fresh bloods or average investors or institutional money going in to keep that $35k doable in the next year. So I wouldn't be surprised, that we will touch, just a matter of time. This isn't a surprise considering the market widening compared to the market of 2017-2018 along with the ATH price that's been reached. More expertise predictions too state the possible chance of price reaching above $30000. I'm not sure about the driving force of the current market on the bullish track, but I'm sure that the covid-19 helped the cryptomarket good making more people learn and get into the usage of cryptocurrencies. |
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Cryptocurrency is considered as a threat by the banking firms as well as the governments. This needs to change, because people don't get the true meaning for which cryptocurrencies got innovated. Cryptocurrencies isn't a threat, it needs to function along with the banks or else needs to get associated with the banks. It is something an alternate to the financial system, because everyone doens't like the banking services and doesn't wish to stick on it.
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half of my expenses now happening inside E commerce since the pandemic spreads most of our foods has been delivered via online services.
Same as those other things that need to buy we uses digital payments though it is not crypto because the acceptance in my country is not that wide.
maybe this has no Big effect in crypto for now as we are still young compared to other digital payments but i believe that this is one good start for Cryptocurrency to at last discovered by the world and not looking as scam but as legit and beneficial .
Yes, the online transaction and payment through digital payments have increased a lot due to the pandemic that has been prevailing around. During this time people have lost their jobs, and salary cut which made more people to look for an earning opportunity. This way people have got into cryptocurrency trading. One way or other cryptocurrency usage have increased. As said compared to the available digital payments service the cryptocurrency market is very young. What we see with the cryptocurrency market can be a start for the new form of more digital age. |
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During the previous rise of the cryptomarket XRP experienced a massive increase in the value. This time that hasn't happened, and the growth of altcoins weren't the same as the previous one. During the previous bull trend, almost every altcoin touched its ath value. This time I don't see such a level of growth with ethereum and rest of the altcoins.
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In recent months yearn finance is much into discussion. Some stated it a manipulated growth, while rest termed it real growth. Whatever might be, out of the YFI majority has benefitted. This has led to more DEFI to get into development with the terminology yearn. This is what happened with the bounty thats been mentioned on this thread. The DEFI market is much riskier, so it is good to cross check before going forward.
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Until it gets used on large number of micropayments we can't prioritise bitcoin to be used on day to day needs. Upon the same it is true that bitcoin serves to be an investment vehicle. Maybe in the future things can change when people get awareness of eliminating third party and get the support of government making cryptocurrency usage legal.
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As mentioned by avikz what we see with Chinese authority is good to the decentralization of the bitcoin network. China has big hands over the bitcoin network through majority of mining taking place within the country. They have each and everything for their nation leaving the rest of the world. Somehow this isn't too late, because the government is already against the bitcoin as the country is developing their own cryptocurrency.
Someday the network will get under an authority if this continues with majority of the miners being in China. So, now itself the slow and steady spread of miners around the globe will give true meaning for decentralization.
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Black money will be of huge volume funds. When someone tries to launder money or make the black money into bitcoin, the banking requirement is there. This means for large volume buying of bitcoin large volume of fund transfer through the bank is the only possible way, because in recent days the direct person to person trade in exchange for fiat is taken away by the traders.
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Already lot many countries have created their own cryptocurrencies and were under usage. Few of the countries that have created their own cryptocurrency are Switzerland, North Korea. These cryptocurrencies were used for transaction within the country. For cross border transaction they're in need of a common asset. This gets fulfilled by the bitcoin, because its universal value. North Korea plans Bitcoin like Cryptocurrency |
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I can feel ethereum can go 500$ before this month end and going 800$ by next year. Like what the old bullrun did, its just history is repeating itself but this time it will be more exciting.
I don't find the market to be more exciting this time. There is growth with ethereum, but the same isn't the one that we experienced during the previous bull market. The price of found above $450, but if it is experiencing the perfect bull trend then it could've crossed $500 by now due to mutual growth following bitcoin. Somehow the market will reach $500 before the year end depending on the growth of bitcoin. |
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Whether the price of bitcoin will go above the previous ath can be proved based on the market situation on starting of the upcoming month. Most of the year have provided with growth during the month of December. This time too we can expect the same to take place. Already we're holding within $15800 - $16500, and if the growth rate goes high for a while we'll see a new ath in 2020. Anyhow reaching out the ath won't make the price sustain for longer time period.
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The biggest crypto fund Grayscale Bitcoin Trust bought another 15 114 BTC last week and fund's crypto AUM is almost $10B with 506 000 BTC. In my opinion such BTC stockpiling can be dangerous like a 51% attack but I didn't find any information is Satoshi Nakomoto ever mentioned that.
The possible chances for the 51% attack is very low. As of now the holdings Grayscale own contributes 2.29% of entire marketcap of bitcoin. With this it looks like Grayscale staking the bitcoins at regular time interval. Satoshi wanted things to be used without large scale accumulation. 2.29% doesn't look like a big accumulation. |
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Myself got interested into bitcoin because of the earning opportunity. Later I started to realise being cashless, I personally stopped carrying wallets filled with cash. When I don't have cash in the wallet my spending got minimised. I started to use the cards and now waiting for the access to use bitcoin on retail stores same as using card at present.
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We've been experiencing something similar to the year 2018, but the growth of altcoins by then happened as a result of hype. Now the market is quite mature with people getting into cryptocurrency with better understanding. Maybe after the price crossing $20k we can expect the market to grow same as the previous year. In comparison to altcoins the growth with bitcoin is big, and this is why bitcoin always leads the entire cryptomarket.
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PayPal is already into the cross border transaction service. Now with the addition of bitcoin it makes the cryptocurrency users make use of PayPal. It won't serve as an exchange as Binance or the other leading crypto exchanges available for trading. PayPal will be mainly used by the people who often use paypal for the purpose of cashing out. Now there is no need of finding a trader to exchange bitcoin for PayPal. One can make use of the inbuilt service.
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Most of the new cryptocurrencies are just a bunch of people mostly repetitive trying to scam people for some money or trying their wild ideas with others money without any dedication. I don't mean every of them are useless but it's getting harder for investors to choose one. I have for a large time restricted myself to established coins for trading and if done, I try new coins for a short term.
Nowadays everything is much focused on money making and there is no product that drives the market for the project. When money is the primary focus, automatically things will go away from the reality. Whenever we make an investment it is a must to analyse the new cryptocurrency and the backing, because most of the time these cryptocurrencies pump high in a short and goes off from usage. When price pumps it isn't possible to make trade as it gets listed in one or two exchanges that doesn't have any big volume. |
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In a article read about Zimbabweans and other African country people making use of bitcoin on trading needs. This isn't the trading on exchanges, but on purchase of goods. Many African tradesmen come to UAE for purchase. By the time to carry lot of currencies they prefer bitcoin which can be cashed out on need. Acceptance of cryptocurrency around the globe keeps increasing, but what we see with Africa is something big. Hope this five places will make more business accept bitcoin into their business.
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US government is behind the Bitcoin, they made Bitcoin and Darknet at the same time in order to build a super computer for Nasa and Cern (European Organization for Nuclear Research. ). Everything is explained in my animated 10 minutes movie. If my movie will get publicity and at least 100 likes, I promise to make another episode within a week. https://www.youtube.com/watch?v=lgL5xe2Tf2IYou are talented on creating animation but you are not good for explaining bitcoins since all stated their misleads all information, maybe you should focus on creating fun and interesting animation so that you can get good views and stop misleading people just to get views for debates and others. Yes, he is good in creating animation. From what he has briefed it is clear that bitcoin is not the subject he should focus. His skills can be made in creating some comics and stories for the kids and can be broadcasted through the channel. Right now what he does will surely affect the community than helping in growth. |
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Many people periodically reflect on this lost opportunity to buy bitcoin when it was priced at a few dollars. Now one can only dream up about this. These times will never return. Nobody even could have imagined ten years ago that such events would happen and the cryptocurrency would rise so much and get stronger. Yes, a time machine would be useful here.
This is never ending story , more people will come in the future and saying like "i wish i could buy bitcoin while the price at 15000 us dollar" said people who looking at the chart with bitcoin price at 100000 us dollar. You should always think now or never especially in the bullish market like nowdays. Go ahead buy in every single opportunity you had , dont wait as waiting will cost you a regret like what this never ending stories do. This is the bitcoin way. The problem is people usually say they missed the opportunity to buy when bitcoin pumped, but when bitcoin is dumping they would not look at it as they are afraid of taking bitcoin at dip, if we have this kind of mentality, we will never get the right timing on buying, and even selling if we got greedy. Missing the opportunity happens with everyone, with cryptocurrency the scenario is different. Once the opportunity is missed we need to wait for a much longer time period. When the market experience a dump, people fear of the market gonna fall even lower. This is why people always term missed the golden opportunity. |
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