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So far everyone should have learned that Bitcoin is volatile. And price fluctuations are part of that volatility, that can't be changed. Besides, volatility is tool that helps traders to learn money, without volatility that wouldn't be possible.
And price drop and fluctuations are the opportunity to make more money not to start panic.
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And why would any government do that? How would they justify to spend such huge amount of money for something that can't be part of financial system and can't benefit the country and at the same time they would need to accept the huge risk. And how would they explain that decision to people who elected them, for whar purpose they did that?
Sometimes I think that children are writing posts on this forum.
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To my opinion that is not very likely. There is not much time left and we would need continuous, fast growth for which currently I don't see environment on.the market.
Last rally we had when Bitcoin price reached 13000$ was kind of surprise and it didn't last. Maybe there is the chance to come to 12000$ but that is max we might expect.
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Well.. it is just another so called "decentralized" exchange in a bunch of others. I haven't seen true adoption of any DEX until now though. The volume is kind of low on the biggest DEXes I know like IDEX or DDEX. Also I haven't seen DEX with leverage option so far.. Or maybe the lack of profit for the creators don't let them put more money into marketing.
We have a flood of exchanges and there is no need for that at all. Are they still so profitable? What this so called decentralized exchange should actually be? And when McAffee actually become so prominent Bitcoin expert? I don't think we need that. |
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We need to move past 8500 to really go anywhere, the price is pushing on a weekly average but so far its not going very far at all.
This push to $8,500 lacked the momentum, volume, panic buying, etc. of a significant bottom. It's looking like a dead cat bounce to me. My bet is we're headed back down to the $7,000s, maybe even further if panic sets in. I'm readying my bids.  Maybe if go to $7000 people will more panic. Especially weak holder, it can cause more worse. For who want to buy in lowest price or maybe only low price without think about dip can be prepared. Usually it can happen if bitcoin price not reach certain amount of price in certain time. I don't have money anymore only can hold it longer.  Of course that people will panic, they always do, especialy users with not enough experiences. They don't understand that price fall is just a good opportunity. On the other hand you can't expect that price will fall deep like 6k or even lower to buy and then to recover the very next day so that you can make quick huge profit. Things are not working that way, it's a long term process. |
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One of the first rules is not to invest money that you don't have. Invested is always extra part of your funds that you don't need.
Taking loan to buy Bitcoin is not smart idea because at the end you might get loss instead of profit. You will pay interests on that loan and meanwhile the price of Bitcoin might fall so you'll get into financial troubles.
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Very optimistic prediction but I don't think it will happen this year. To achieve such high price as 22k we would need continuous and fast growth and all positive factors should come together but I don't think this can happen in relatively short period of time.
Many users are secrerly hoping to experience.2017 again, as the best year for Bitcoin so far but I don't think we'll such high price soon.
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I don't think that mixers will become illegal, at least not at a global level but they will definetely become more strict regulated. I guess that also depends on each country on an individual level and how are the previous experiences. The biggest threats for governments are illegal activities like money laundering or financing of terrorism so every service that offers possibilities to hide traces or identity will be strongly monitored.
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I wouldn't say there is no difference if you use mixer or exchange. Although I beleive there is no more absolute anonimity in Bitcoin anymore, by using mixer you will get at least some privacy.
Exchanges are obliged to KYC, that is needed to run legitimate business and if any law enforcement agency requests such data they are obliged to give them, including the transaction history.
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I don't know what other leaders beside Trump you have in mind but I don't see that as a sudden change. Trump has a business background and as many other businessnem.he's not a big fun of cryptocurrencies but that is not the surprise.
I don't think that governments around the world are against cryptocurrencies, they are just very cautious. You can't expect they will just let something so volatile, unregulated and unsecure into financial system. They are aware they have to embrace cryptocurrencies but they want to minimise the risk and prevent possible consequences.
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When do you think Bitcoin will go back to the $20,000 mark and what factors do you think could contribute to making it happen sooner rather than later?
I think the bitcoin price will reach $20,000 before January 2020 because of the U.S elections. The U.S election has a strong influence on bitcoin prices more than what people think. Brexit and U.S vs. China's trade war will contribute to the growth of bitcoin prices. Very interesting view. How on Earth did you come to the conclusion that US election will influence the Bitcoin price and push it to 20k? For me this is empty speculation without any solid ground and doesn't have much connection with reality. I don't think Bitcoin will reach 20k so soon, at least not this year. For that we would need continuous high growth or sudden price explosion and to my opinion neither of these is very possible |
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I wish that people stop looking at Bitcoin as a "short term quick money tool". Because it isn't that.
If you expected to become rich over night with small investment, then yes, you've made a mistake.
Bitcoin is most profitable on long term and you need to set up realistic goals that you will not give up with firts signs of bad situation in the market.
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That opinion is obviously from someone who is involved in Bitcoin very short period of time and doesn't know much about it. Holding is something that is profitable for long term and by long term I don't mean 6 months or so. Besides, not all holders got their Bitcoin on the sane way, sone are buying, some are earning so making general conclusions about holders is not good.
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The technology that would benefit Blockchain technology the most would be 5G networks. We know some 3rd world countries sometimes skip a generation in some technologies, so it would be great if the implementation of 5G networks would catapult them into using Blockchain technology and better payment options. <The Lightning Network is ideally suited for 3rd world countries with a large amount of small informal businesses with lots of micro transactions> I cannot see that Artificial Intelligence as a Service or Autonomous Driving and Personalized and Predictive Medicine or Computer Vision and Extended Reality would make a difference to Blockchain technology.  I agree that 5G will be the key for further development of many technologies including blockchain. But there are lot of security questions related to it so it will be interested to see how everything will be implemented. And not all countries will be ready for 5G at the same time. I wouldn't say that artificial intelligence can't be connected with blockchain technology. It's so wide area that is applicable to almost everything and in the future it will certainly have significant impact on everything. |
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Current situation on the market doesn't show us signs that that Bitcoin price might fall so deep. There is no need to spread the panic. Moreover many are expecting for price to rise as the year is going to an end although there isn't any rule that could confirm that.
Still having in mind previous experience I can say that nothing should surprise me and therfore I'm prepared on every scenario without drama.
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With the high levels of corruption in most African countries, I believe that the blockchain technology would be the very thing that this continent needs. It will undoubtedly make everything transparent so that every person would be able to see exactly what's going on and thus prevent high levels of corruption and fraud by most of our so called leaders and politicians.
Maybe blockchain technology could help. I'm not sure that it can solve the corruption but it might help in other area and support the industry. But for implementation of blockchain some technical and technological preconditions are needed, also the digital infrastructure and digital skills of officials and people in general. Blockchain isn't some kind of magic tool that can be implemented over night to solve all issues. |
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Banks are changing their interest rates policy but I don't think that this would affect cryptocurrencies or Bitcoin in particular.
No matter what people are still depending on fiat money and attitude of banks doesn't mean they will choose Bitcoin as alternative. And with negative interest rates they would actually profit.
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A guy bought a very big house, which triggered an argument on a telegram group.
some people were arguing on a telegram group that they guy couldn't have bought the house with only trading profit....some insinuated that he must be into other businesses.
I laughed at their ignorance.
Why? Because I know that even in this present market condition that some skilled traders are making a killing.
I'm not talking about traders who trade with small capital here.
The conclusion is that when you trade with massive capital ,you earn massively.
"when you trade with massive capital ,you earn massively." Not much argument to be made there. Another way of putting is that "you gotta spend money to earn money." However, this way of thinking seems to be dated because nowadays startup that have very little to no capital investment at all can suddenly be valued at millions or even billions just because they have a great app. Not sure what the topic starter is trying to prove tho.. That is.just one side of the story but big investment might also end with big loss because spending a lot of money doesn't guarantee earning a lot of money. But I agree that things could work different these days because it's true that startups usually get into business with relatively small investment but if they have good quality services or products to offer they can profit a lot in relatively short period of time. |
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Obviously some users are missing elementary knowledge about Bitcoin.
Since Bitcoin is decentralized and independent from any government or authoriy there is no regulatory body. Price is determined by market, supply and demand ratio and some other factors that might be very subjective.
Also, if Bitcoin will be regulated that doesn't mean that there will be some central body, like national bank or something, that would define the price.
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This would be very risky decision. Day trading is very demanding and risky, only few are successful in it and to make for the living with day trading is something that only few are capable of. There is no guaranteed profit and no matter how modest you arr you can't be sure that you will be able to earn enough to cover all your needs and expenses.
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