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when you loosen your criteria for chosen someone as Satoshi then you can end up with a very long list of people who are suddenly good candidates for being the real Satoshi Nakamoto and for years there has been dozens of good candidates but in the end all the theories lack in many places that make them not true. and also all of them have one thing in common, the real Satoshi may not even have been a public figure before. he might just have been a visionary but simple programmer.
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yeah it is cool to see bitcoin is not only capable of doing these huge value transactions but also it IS handling lots of them every day but when it comes to talking about bitcoin and fees as long as you are reporting everything in dollar terms you are not talking about bitcoin you are talking about fiat and you have already missed the point of bitcoin.
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But, we still have another big problem, the laws of each country that are not conforming to the crypto world. The years go by and few or no country legalize bitcoin, in that part is as if we had stopped in time because the legal issues are not bringing any good result
true but that is not a "bitcoin limitation" which is what OP is asking about. the fact that some countries are hostile towards bitcoin is about the government and the world's restrictions which exists in all aspects of the world not just bitcoin. in fact this can be considered one of bitcoin's most powerful features called censorship resistance because even though some governments limit bitcoin or even in some rare cases ban it they can not prevent people from using it. |
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Crypto has a four-year cycle. Most of the time (about 75%) it is pumping and the rest is dump. Now the last bull run was last quarter of 2017 and the following year was a long period of consolidation. If we think about it, the rest of the year would be generally a bull run until 2020 so it would be a good opportunity for late comers.
No it doesn't have a 4 year cycle. It had a 4 year cycle before but it's too young to be calling it a rule. In 2014 and 15 it was declining and in 16 and 16 it was going back up. This time it was declining in 2018 but it's already rising in 2019 which is something new. Bitcoin is almost back at 50% of ATH 1,5 years from the previous ATH. I agree that there is no cycle in bitcoin and although there are similarities we can't really come up with these types of expectations. but the similarities can not be denied either. the last drop was only in 2014 and 2015 was the rising year. just like 2018 was the drop and 2019 is the rising year. also the drop sizes was nearly identical too. we had a 87.5% drop in 2014 and we had a 85% drop in 2018! my theory is that there has never been a cycle but since people expected it so much, they began to create the cycle themselves by forcing it on the market. |
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things like this are not similar to be compared so even if their charts match to the cent and millisecond they still are never going to be the same thing. Gold is moving on its own trajectory and is being affected by a lot of factors that are not similar to bitcoin's. for example the recent trade war between US and China has been affecting the gold price to some extent while it has no effects whatsoever on bitcoin. and bitcoin is rising based on its increasing adoption while gold's adoption is already at its mass adoption level and is not going to change anymore.
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All are still speculations. Even experts make mistakes and anything like crashing again, can still happen in the market but I believe we are now in the bull market and any lows or crashing are in now bull's low.
The current market price have it shows that we are finally leaving the bear season and we are actually facing into bull run. It is not a question if we are having a big crash again cause it possibly to happens again, in fact, it happens several times after bull run. That is the reality about crypto and only we have to do is to prepare anything that will happen in the future. We don't need to positive all the time, it could be better to accept of what is the result after this one. People cannot even dare to believe that bears have left the market. It was a very long period when the market was down, therefore, we are still hesitating is the situation has changed. It seems that bulls are here. as a trader you should already know that bulls and bears (despite popular belief) are not different people. they are the same traders. if someone is only a bull or only a bear then they are big newbies in trading market because as a successful trader you should always change your direction with the direction of the market meaning when there is a bull run, you should be a bull and when there is a bear run you should be a bear. time for being a bear has been over for half a year now just like time for being a bull ended at the beginning of 2018. and anybody who gets stuck in a trend that ended long ago is begging for a big loss. |
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Bitcoin is currently in a good trend, so prices will continue to rise steadily, if traders don't sell their bitcoin and there is no bad news coming for BItcoin, I am optimistic that the price of Bitcoin is very good at the moment.
traders are always selling their bitcoins, that is why they are called traders not investors. basically trading means constantly buying and selling assets to make profit from their ups and downs. the reason why price goes higher is because more investors are coming in and increase the demand which in turn takes the price higher. I agree with the rest though, we are already in a upward movement and the start of the next bull run to the next much bigger ATH and if we see no "bad news" this trend will continue with only small corrections on the way. |
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I love the price prediction, but I don't love John McAfee, so I will not believe in him, that's too unrealistic for me.
Bitcoin to hit $1 million by next year, that was a joke, we even have a hard time reaching a new ATH this year.
A big joke from a real joker, its pretty obvious that he is just seeking for the attention. Bitcoin is good but that price is also so good to be true, $1M for bitcoin in less than a year is impossible and very unreal. I just want to hold my bitcoin until it make a good run again, believe it or not John McAfee is just a human and he can't be sure about this over prediction. For those who did not know his reputation in crypto might believe, he can attract the new investors as he is popular in the business world. People should be smarter now and not just believe right away as even the influential people can hype bitcoin at an unrealistic price. those who aren't familiar with cryptocurrencies and as a result McAfee's reputation then they are also more familiar with the FUD that dozens of others are feeding them so one random guy telling them something in opposition of what they have been hearing is not going to change that much. others who have been around and know who McAfee is and how he is abusing this nonsense to earn money are already ignoring him anyways. |
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the problem with OP and people like him who make similar statements is that they have little to no experience with bitcoin because they have probably never even used it. what they claim are greatly based on things they have read online usually on reddit or twitter from people who had no understanding of bitcoin or were spreading FUD.
if they simply start using bitcoin, 90% of their misinformation goes away just like that.
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there has always been a war against bitcoin's decentralization and privacy for as long as bitcoin existed. the fact that localbitcoins has lasted this long is still surprising. all of these other services that offer any kind of privacy will be under severe attacks from governments and this year they have been targeting a lot of them, like mixers they closed down or scared to shut down on their own. and it won't stop there either.
what we need is full decentralization of everything that involves bitcoin and stop mixing it with anything that is centralized. unfortunately this is not going to be an easy task.
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after a big rise like we had and an excited market the price rise is bound to slow down a little bit to "take a breath" so to speak. where traders start taking their profit out and then start accumulating more and get ready for the rise.
but none of this means the bull is near exhaustion. it is a perfectly natural thing to see a small correction like what we had a couple of days ago followed by a small short term accumulation before then next leg up.
of course many are still caught up in the 2018 bear market that want to remain in denial of the ongoing rise and keep expecting big drops to continue.
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$350 for eth, based on what? their scam icos aren't selling anymore, what exactly is there to buy now?
I think ETH will go much higher than $350. And while I think the ICO/STO sector will see a resurgence, the biggest catalyst during the next bubble will be Ethereum's transition to proof-of-stake. I expect people will accumulate heavily in order to earn staking rewards. if that happens and people truly try to accumulate a lot of ETH to earn the stake rewards then we should expect a follow up big crash in ETH market because there will be a lot of people who will by then earn a lot of free money for just owning coins and they will dump those free money on the market. in other words it will increase the liquidity and circulating supply in the market that will cause a big sell pressure. combine that with the panic, the bubble (which would be the result of our first assumption of the big rise) and the lack of ICO incentive to buy ether and we will see a big crash. |
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Many things are just happening in the crypto space. When Bitcoin hits $3000 - $3200, there are lot of speculation that Bitcoin will found bottom at $1800. Most influential in the crypto space even gone far as bottom is ONLY at $1000. Bitcoin price void their prophecies and jump back to $4200 and thereafter $5000 - $5200 range. Now that is soaring towards North and getting closer to $6000. Don't you think these set of people will join us in the race when we break the resistance at $6400 and it will become glaring to them that BULLS has taken over?
There are only a few delusional bears left who still think we're in a bear market and 2000s or 1000s is coming in the future. A firm price in the 3000s the first 2-3 months of the year was the first signal they were wrong. The break out of the bottom and start of the bull market on the night of April 1st was a very clear indication they were wrong. The stabilizing of the price in the 5000s in April further drove the point home. The rise from 5000s to 8000s over the past few weeks means all but the most out of touch finally understand we're 2 months into the bull market and the bear market is long since gone (the absolute bottom occurred 5.5 months ago). Eventually they'll buy in even higher than now, they'll just be able to afford far less bitcoin than if they had bought in at the obvious bottom from november through march. people who get stuck in a certain trend that ends should also expect big losses. they actually deserve those losses too because they have not yet learned that in no market the trends never stuck around forever. markets are always dynamic otherwise they would be dead. the trends change and so should traders. the funny part is that when price stopped rising last year when we reached $20k there were similar people who got stuck in the bull market mentality and were waiting for $50k (the funny part is) everyone was ridiculing them back then but when the same attitude is shown now that price drop has ended and certain people were waiting for $1800 people weren't ridiculing these the same way! |
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Actually this is not a problem, stablecoin does aim to have a stable value equivalent to a particular currency, so there will be many people who only aim to save their money but not in digital money in the form of a stable coin crypto, this is what making more traders choose stable coins to secure the fiat money they have without having to risk being affected by extreme price corrections such as other crypto currencies.
then they are exposing themselves to unbelievably huge risks without even knowing it! all these so called "stable coins" are centralized and most of them are already run by shady companies that have not been able to prove they have the funds to actually back their token up in case everyone wanted to cash out to fiat. not to mention that this is clear definition of printing money and since they are centralized government may not look kindly at them. |
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I think the bitcoin currency symbol existed in Excel for some time now and it is not new at all. one thing is for sure though, this has nothing to do with the altcoins you pushed inside your comment here.
also the important part for bitcoin adoption is when these companies start accepting bitcoin as payment which again Microsoft has been doing that for years too although most people don't know about it yet!
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Below is the OP image:
[I m g]https://i.imgur.com/RhmSV7x.jpg[/img]
I think that will be an estimation about how many blockchain wallet users that has been creating or use so far but we don't know the exact number of the wallet.
That number would be increased in the future if many new people joined in the cryptocurrency.
actually we do know the exact number because it is a centralized service that is reporting their database statistics. the last update which is from 2019-06-02 at 00:24 is at 38,941,254 blockchain(.com) wallets which is what that chart is reporting. and you can find this value easily on their website statistics! this is not really a good indicator of number of users though. it can show the growth in number of users but the real number is going to be very different as very few people use sites such as blockchain.com as their wallet. |
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we need "bitcoin" and possibly a handful of alternative cryptocurrenices (to be created in the future not the ones that exist) to offer us the freedom we wanted with decentralization, to cut the middleman and eliminate their corruption.
but we don't really need thousands of cryptocurrencies that are growing like mushrooms and do nothing else but waste resources and make a lot of newcomers bankrupt with their false advertisements and market manipulations.
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with that definition a lot of countries have "banned" bitcoin as most banks in the world even in developed countries that have actually legalized and regulated bitcoin, don't allow their users to use their services to perchance bitcoin. for example there is a topic here from a user saying his bank (in Dublin) "dislikes" bitcoin and doesn't let him use their services for such things, while bitcoin is perfectly legal in Ireland. |
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when you go elsewhere (like a forum such as this one) don't forget to use a trusted escrow to hold the funds. you can find some trusted ones on this forum. due to the nature of bitcoin (its semi anonymity and irreversible transactions) there is a lot of scams happening that way.
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the answer to why blank is pumping (where blank is the name of an altcoin) is always the same thing. it is because they are pump and dumps so they are doing what they were created to do to get pumped and dumped!
in case of BSV they are trying so hard to keep it alive because recently the biggest altcoin exchanges removed this altcoin from their services and it crashed the price and hastened its inevitable demise. so they are now trying to pour a lot of money in it and pump it to keep it alive and not let it die this soon. because that would mean all their hard work to scam people would go down the tubes.
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