Volatility is caused by no-regulation, right now there is no regulation on bitcoin and it will probably never be and that causes people to be able to manipulate the prices and I think that has more to do with price going down and up so much than fear.
wrong. neither volatility nor manipulation have anything to do with regulations and its existence will never prevent it from happening. the only reason why manipulation is possible and volatility is still high is the small size of the market (aka the thin order books on exchanges). you can see it clearly by comparing bitcoin market today with bitcoin market 6-8 years ago. since the size of it is so much bigger today, it is just as hard to manipulate it in comparison. you could also compare it with altcoins that all have much smaller markets. for instance a shitcoin with a volume of 50 BTC/day could easily be pumped 1000% in one day but you can never pump a shitcoin 1000% in one day with 5000 BTC/day volume. |
|
|
|
|
it is not possible to predict bitcoin's behavior during a recession because bitcoin is still young and the market is very small and it can go either way. we may see a drop or we may see a gigantic rise in a short time due to FOMO buying. and there is enough reason for both scenarios to be possible. for example due to bitcoin still being volatile and risky it may not be as attractive as you think during a recession where everyone is looking for "safer" and "less volatile" investment. but at the same time since bitcoin has always been stand alone and not taking effects from other markets, so even if others like stocks,... are tanking during a recession bitcoin may rise and that can attract investors.
PS. your poll doesn't make any sense. reliable in what sense? a decentralized currency where you could continue to use under any circumstances? the answer is yes!
|
|
|
|
|
you shouldn't compare what happens to exchanges with what could happen to an individual user holding bitcoin. the exchanges are (in most cases) shady and their reports of hack is usually their own scam trying to rip off their users and best case scenario is their weak ass security.
a user however can easily use cold storage to store their bitcoin. all you have to do is
- download your favorite wallet that you trust and know is safe.
- verify its signature to make sure you have the right wallet not a malicious one.
- run it on a clean and offline computer (like on a live Linux offline)
- create a new wallet, then export a single private key or if it is HD wallet, export the seed phrase and print it on a piece of paper.
* it is best to encrypt it before printing it.
- send the coins you have to that address.
now it is safe.
|
|
|
|
As we were about to click Buy, I told him hang on. Let's assume we bought into a good company;
a good topic. i just want to add that in my opinion this is the biggest problem in this market. there is no company! unlike in real world where people actually start a real company with long term plans and a product or service, here in ICO scam world what we call "company" is just a group of people (sometimes even one person) who is copying some code, changing some variables and creates a 100% useless token and sells that to the gullible public! there is no goal. there is no product. there is no service. there is no revenue. there is no future. that is why they all fail after a while. the only reason why they remained relevant for a short time was the fact that people were hyped up and wanted to gamble with their money so they invested in ICOs. |
|
|
|
|
stay as far away as any site that ranks different projects for you as you can they are all scams (like ICO bench websites) and at best case scenario they are spreading false information with their broken ranking system (like coinmarketcap.com).
not to mention that when a lot of money is involved like with ICOs nobody is going to be honest. they all will get paid to advertise the most scammy ICOs as the best ones so that they could fool you into buying them.
|
|
|
|
This website makes money by giving people free money....
%4.08/year daily compounding ....
you can not categorize this annual profit on investments (that you receive every day) as the "free money" they give people because it is not free, it is the profit they give your investment in their business, which they mine bitcoin with part of it. And once you start depositing money, you are starting to ask yourself "Why don't I deposit all? That's literally free money." (That's where shit gets dangerous for you  ) That's probably true too (at least It has been for the last few years), as long as you stay away from that multiply game.  that is only true for gambling addicts not the normal people who use their brains  i have had an investment in this site for a long time now and i haven't been playing the multiply game or losing anything for that time! |
|
|
|
Why is fear the first thing that comes to mind? This cyclical up and down with 10k right down the middle's just almost exactly what should have normally happened a year ago when 10k was first visited for normalisation.
Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.
Because it's one of the most probably reasons why a sharp decline happens, it's really like a ripple affect that one movement affects or somehow influences a group of traders or a set of individuals to start selling their position as well. FUD is real you can really see it in the charts. The decrease in market confidence can also count as fear and lesser demand as its the only thing that translate to the prices on what we have now. Just by looking at the forum along you will see a lot of members complain and lose their faith when posting topics like "Will Bitcoin even come back up?", "Bitcoin's time ended today" and the likes. actually the sharp drops that are completely vertical have nothing to do with fear but with pure manipulation. when traders panic, they don't panic all at the same exact moment within seconds! it takes time for them to panic and react to something so the drop is sharp but nowhere near vertical drop. it has a palpable slope. but when it is manipulation, like a whale dumping a large amount of money to force stop losses kicking in then the chart is completely vertical then the panic comes. what we had here was a manipulation followed by a panic because if you look at the charts the drop only took seconds to go low so much and then the panic sellers joined in when price was already low. |
|
|
|
So the idea behind this, would be to transfer fiat to BTC and for that you need a money transmitter license.. right?
this is what i was also thinking too when i saw the video. the thing with ATM machines is not just about how easy it would be to create one and how cheap it can be. the biggest problem (like anything else that involves fiat) is all the problems that the fiat world brings with itself, starting with needing a license to install one in real world. lest we forget the story of that dude in India who was arrested for installing ATMs without license... |
|
|
|
|
bitcoin will not pump in 2020 nor ever because bitcoin is not a pump and dump garbage like what altcoins are.
we will see bitcoin price continue to rise this year and it will continue in 2020 and mostly after the halving as the adoption grows so the demand for bitcoin increases while the supply remains limited.
these rises will have the same effects on altcoins has they have always had, they will lead to more altcoin dumps.
|
|
|
|
actually the problem is not with what they use, the problem is with trying to analyze something that has no logic behind it because it moves based on manipulation. and obviously when it is based on market capitalization it must be wrong! the fact is, many altcoins are still at a price that is a lot higher than their intrinsic values. that means they are still in bubbles and bubbles first have to burst before the market can even begin the recovery process. on top of that, as i said in another topic the newbie money is not yet in market to help pumper pump the altcoins so we can't expect any kind of "recovery" any time soon. |
|
|
|
|
why should anybody bother convincing you about potential of bitcoin? it is not in our favor anyways. if you buy shitcoins instead and stay away from bitcoin then it means there is more cheaper bitcoins for us to buy. there is only a limited number of bitcoins available and the demand for that limited supply is high.
|
|
|
|
to be clear the part i disagreed with and said "you are wrong" is not the altcoin bubble/pumps. as i said, the altcoins will pump again as many are already pumping big time and reaching big bubbles. in fact i don't even deny altcoin season and their massive bubbles. we will continue seeing a huge market wide altcoin bubble every 2 years at least.
the part i am disagreeing with was the "excess money going from bitcoin to altcoins". that simply is wrong in my experience. for starters people invest their bitcoin in altcoins not their money. and as i explained in details the altcoin pumps only fool newbies to "invest" others are just participating in them during the pumps.
There should be a reason for the investors to pump these altcoins. So what will be the reason or a possible trigger in your opinion? Back in 2017, it was the ICO boom that caused the alt prices to go up like crazy (in particular, Ethereum went up by 10,000% in 2017). I can't think of a trigger happening anytime in the next 12 months. The ICOs are dead. Good IEOs are few and far in between. And while we debate about all this, the Bitcoin dominance continues to increase, approximately at a rate of 1% per week. ICO, etc. are only catalysts not the reasons or triggers. they are helping the big pumps take place easier and help the size of them become bigger by bringing more newbies into the altcoin market with a lot of money in total. otherwise the altcoin pumps happen for only one reason: to make profit. they are already happening too. if you check the market you will always find at least 3 to 5 different altcoins that are getting pumped hard in that day. that's just the nature of the altcoin market to be pumped and dumped every day. but the market-wide pumps can't happen yet because - newbies who got dumped on have exited the market not looking back or moved to bitcoin and won't touch altcoins at least for a long time if not forever. - newbie bag holders have their money tied up into big shitcoins like etherum, ripple,... and are in 80% to 95% loss already, they can't participate in anything else. so until this changes the pumpers can't do anything major all over the altcoin market. |
|
|
|
|
the "binance dex" one is supposed to be decentralized and it is advertised as such but i honestly don't see any decentralization in it. it is still the same centralized exchange which is not even giving service to a bunch of different countries.
in my opinion the main and only difference is that they created the so called "DEX" exchange so that they could market their own centralized coin called BNB and pump it more which is exactly what they did.
|
|
|
|
Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment.
I would rather hold for a longer period of time rather than selling out during those spikes as i am in this market for a long time to understand the market sentiments and i am not putting my credit cards amount in bitcoin to sell off fast, you need to have patience when it comes to any form of investment and the strategy you are telling will work but if the market rises after you sell off then there is no way to enter the market yet again. I do ignore small profits and i am here for the long term and hence it works all the time. that is a much better approach with investments that have a good long term potential like bitcoin. and i believe that most people who are in bitcoin are adopting this strategy specially since day trading is too much of a hassle for them. the indication of it is also visible on exchanges as they don't grow that much even if the bitcoin adoption grows (lack of day traders but lots of investors). the strategy that OP suggests is best suitable for altcoin trading in my experience. since altcoins don't have a long term outlook they are best suited for short term trading for you to get in, get the profit and get the hell out. add to that the fact that altcoins only get pumped and dumped and you'll see no other strategy suitable for them. |
|
|
|
When 2019 started you have a lot of expectation especially when the price is moving up again from a very long bear trend, you expect that the price will reach another all-time high this year, because of a lot of great news like the Facebook coming in the market.
these are false expectations specially because they are based on fake hype in the market spread by other newbies trying to recover the 80% to 95% losses they have been experiencing over the past two years. one top of that altcoins are still in pumped state so they need more dumping to go down and exit their bubbles in order to reach a more realistic prices. then we have the issue of lack of newbies to buy these altcoins and help the pumps take place. so the pumpers will have a hard time making any major pumps. which is why they are currently pumping small coins 1000% at a time. |
|
|
|
|
i know this is hard to hear and i am sorry to say this but they deserve what they get.
when people stop caring what they advertise and start getting involved with all kinds of scam and garbage and help these scammers get their victims, then there is really not much room for them to complain about their profitability of doing so!
when you see some useless token that is trying to get investors you should stay away from it instead of helping them "spread the word". but when you don't you will also become one of their many victims.
|
|
|
|
This is generally the reason why many people have trouble making any money in the markets. They buy something and when they make 10% they sell and take profit. However lets say the trade goes against them, they usually don't take a 10% loss they hold it for 50-90% losses and at that point its very difficult to regain their original deposit back.
very true specially with altcoins that are purely pump and dumps. but OP is talking about bitcoin so the 50-90% case doesn't apply at all. bitcoin doesn't drop that much out of nowhere for no reason. the only case when we have a huge drop is when you take the peak of a gigantic bubble and the bottom of the burst. even then it won't be bigger than 70 to 85% and that is only if you take the peak of the bubble. other times like now for instance you can't expect anything bigger than 10% and worst case is 15% unless something horrible happens to go any lower. |
|
|
|
Why didn't he just use Bitcoin signmessage command?Genius in simplicity and all that.
he did do that but since he is fake and doesn't have the private keys, he tried to fool people into thinking the fake signature he provided was real. to do that he contacted a lot of different personalities including bitcoin core developers to back him up, everyone showed him the middle finger except Gavin lol. |
|
|
|
Bitcoin will never replace gold, they are in totally different asset classes. You might just as well say water will replace air, both are essential to life, and they will continue to co-exist.
I blame some of the extreme maximalists who force the idea that Bitcoin is literally "digital gold" online. It is not. Although store of value is acceptable, literally "digital gold" is not in my opinion. it is the new way of thinking that came from all the rises that have happened so far. people start thinking of bitcoin as a pure investment that is going to give them "fiat" profit. 2017 specially intensified this way of thinking. the good news is that as the bubble burst of 2017 and the long bear market happened most of these people went away and the way of thinking dwindled. |
|
|
|
This is NOTHING like the dot com bubble. The dot com bubble was $10 TRILLION in 1999, which is probably equivalent to $15+ Trillion today.
this is nothing like that but it has nothing to do with the size. in dot com bubble people were buying things that made sense, but in altcoin bubble they are buying into a pump of a useless thing that has no reason to exist. There will be another ALT bubble. But alts are going to continue to die until BTC is above ATHs. Once there is excess money to go around, it will start to flow back into alts. But the alt bear needs to be proportional the alt bull. The alt bull was huge compared to the last btc bull market. So now it has to bleed some more first.
you are wrong. the problem with altcoins is their lack of usage. basically they are created with one purpose in mind, to get pumped and dumped. so what we have is small periods where manipulators (market influencers) pump these coins artificially so that they can make money in short term and dump them right afterwards. so what happens is that it doesn't matter what bitcoin does and where it is regarding its price, these pumpers are pumping these shitcoins 24/7/365 but sometimes since there is more newbies around they can pump shitcoins more than usual. otherwise "excess" money never goes into these shitcoins because they are super risky. With all due respect, it is posts like yours that give me confidence that there will be another large - maybe even larger - alt bubble in the future. As soon as people start saying something can't happen because enter (humans wont do irrational things because it wouldnt make sense) here then, in the crypto world, I just say "Oh yeah? Then watch." to be clear the part i disagreed with and said "you are wrong" is not the altcoin bubble/pumps. as i said, the altcoins will pump again as many are already pumping big time and reaching big bubbles. in fact i don't even deny altcoin season and their massive bubbles. we will continue seeing a huge market wide altcoin bubble every 2 years at least. the part i am disagreeing with was the "excess money going from bitcoin to altcoins". that simply is wrong in my experience. for starters people invest their bitcoin in altcoins not their money. and as i explained in details the altcoin pumps only fool newbies to "invest" others are just participating in them during the pumps. |
|
|
|
|
Show Posts
