I used to make a lot of mistakes like this, always hesitating to buy bitcoin at any price. eventually I stopped thinking about what might be and started just buying at whatever price was at that point. imagine me doubting if price can fall lower than $350 and whether I should buy at $350 or wait for $100 as the FUD was saying back when Mike Hearn said bitcoin is dead of course you can always improve the plan. for example if you want to buy $200 worth of bitcoin and think it may fall more. give it a percentage chance, like if you believe there is 30% chance it falls more then buy $140 (70%) at current price and keep $60 to buy if it fell.
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it seems like for the time being bitcoin has changed the dynamics of the whole market for the first time in a positive way because usually a bitcoin rise causes a big dump in most altcoins at least. possibly it is because of all the altcoin dumps that has been going on and all the money that got out temporarily to come back later.
by the way does the website you are linking here has an API, I was looking for an alternative to coinmarketcap.com for some analysis I am doing?
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I am sorry that you got fisted when price dropped and you panic sold at the bottom and missed the boat already but you really need to work on your FUD creativity for once. the topics you spam here are so funny. as for your dumb numbers you are advertising bitcoin more than you can ever imagine so far about 187,200 tonnes of gold has been mined and 1 ounce of it is worth $30000 according to you. that is 6.6e+9 in comparison bitcoin has only 16.8 million or 16.8e6 and 1 bitcoin is worth $10000 where it should be worth at least 10000 times more if you are comparing it with gold supply
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Every one has a price in which they tend to buy Bitcoin. For me personally it is 12 K, if I see Bitcoin below that and have money I see it as a oppurtunity to buy.
I don't think what you are looking for is called "normal price". we don't actually have anything with that name. you can call a manipulated price (whether a bubble which is a higher price, or a big dump which is a lower price) as abnormal price. for example somewhere around $14k was normal but the rise to $20k was not and then the drop to $5900 was extremely abnormal! additionally looking for prices like this is only good if you want to either make a one time long term investment like buying 21 BTC in one go and then hold it for years, or it is good for day trading. but if you are investing in bitcoin constantly like buying some small amounts (20-50 bucks) every month from your salary then it shouldn't really matter what the price is at!
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like any failure in life it is not the end of the world as long as you learn something from that experience. if someone who made a mistake (like in this case selling out of panic and falling for FUD) repeats it then they are idiots. but if they learn from that mistake and move on with a precious experience then soon they will become successful. in fact I say that is the difference between successful people and the rest who envy them. otherwise everybody makes mistakes like that an losing money is part of the deal. what matters is that how you deal with it.
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it seems like the new buyers are still scared though. probably because of all the recent FUDs and the fact that the breakout didn't go as fast as it was expected. I can see that price didn't hold above $10k for some reason and it is currently back at $9800! possibly some bear traps but this is a slow rise which is not going to change speed for the time being and because of that fresh money will either come in slowly or not at all.
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Warren Buffet says cryptocurrencies will almost certainly end badly?
I don't think he used the words "almost certainly". he just said they will fail badly. and I am willing to bet that Warren Buffet has been accumulating bitcoin for the past couple of years at the very least. Slight change.Some cryptocurrencies will end badly. Others will not.
we have bitcoin and then we have altcoins aka pump and dump projects. you need to choose wisely.
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Have you also noticed that the bitcoin price takes a small dip every Friday. Can we discuss why this is happening ?
sometimes near weekends price of bitcoin falls a little. but that is sometimes and you can not make a rule out of sometimes. because also sometimes price rises, and rises a lot near weekends and sometimes it falls mid week! Could it be that people are cashing out bitcoin to enjoy there weekend or are they simply less likely to trade on a Friday ?
I don't know any idiot in the world that sells his assets to "enjoy the weekend"! it is like saying people sell their house on weekends to go to a restaurant and enjoy and then buy back their house on Monday!
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this is a common problem among those who buy altcoins without knowing why they are buying that particular altcoin. for example here XLM - Sold it after holding 10 days, barely any profit, next day it went 100+% up
why did you buy XLM? did you buy it because you hoped it will go up and give you profit? or did you buy it because you analyzed and made an educated conclusion that it will go up and give you profit? I am willing to bet that it was mostly the "hope" part specially if it happens to you a lot. the key to successful trading is to try and make more reasonable trades instead of wishful thinking and falling for the altcoin hypes.
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When buying from a buy order of a cypto currency trading page, is it advisable for the buyer to offer a higher price than the seller's price so he can fill the buy order or has a higher possibility to fill the order?
it depends on the situation and what you want to do! for example if you are planning on buying Dogecoin for example, the buy price is 68 satoshi and the volume of asks on that price is about 10 BTC. so if you want to buy 0.01 BTC worth of Doge it doesn't matter if you place the order at 68 satoshi or 100 satoshi. in both cases you will get your 0.01 BTC worth Doge filled at 68 satoshi. but if you want to buy 10.1 BTC worth of Doge then if you place your buy order at 100 satoshi you will get 10 BTC worth of it filled at 68 then 0.1 BTC filled at 69 satoshi.
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1) in the past 4 years I have been paying a small fee and had no problem with my confirmation. a short period of high fees is all your argument?!! and believe it or not there are a lot of things between Coffee and a Car. regardless of that the high fees have been the result of design, bad decisions, and attacks against bitcoin.
In the past 4 years, ok. But now? If you want to accept Bitcoin in your local store (a fundamental element of the original intentions) it's impossible. It's not a short period. The situation will not improve without doing something. well currently fees for having a high priority transaction is 5 satoshi/byte which means a normal bitcoin transaction will cost about 10 cents and about 8 cents if you use SegWit. I wouldn't call that impossible. what we can do is to adopt the solution that was implemented but was opt-in. this solution is Segregated Witness which is also increasing the capacity on top of other things. also to use other solutions (when they were ready). there are on chain scaling solutions like SegWit, Schnorr signature, signature aggregation and possibly even increasing the block size by a little like what SegWit2x proposed. and also using the second layer solutions which is basically Lightning Network at this point which will be instant and practically free.
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i am chinese ,let me tell you ,it has nothing to do with chinese new year ,and it is not over yet ,i just begin ,it will last at least 15days .
the new year (the day) is tomorrow. you are right about that. but this is not about "the day", it is about the speculation saying that people in Asian countries celebrating this new year have been selling bitcoin to pay for their holiday expenses and that created a sell pressure. and the planning and selling occurs before the "day" not during or after it. that is why he said it is over. that and the fact that price has been rising!
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bitcoin is a currency that is treated like a commodity by some people because they forget or don't even know what the purpose of bitcoin has always been!
1) in the past 4 years I have been paying a small fee and had no problem with my confirmation. a short period of high fees is all your argument?!! and believe it or not there are a lot of things between Coffee and a Car. regardless of that the high fees have been the result of design, bad decisions, and attacks against bitcoin.
2) reason for volatility is because it is new, not yet mass adopted, and also that same misconception that people see it as a commodity, as something they can get rich off of not a currency. and yeah until these change we won't see stability.
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Only coin which is maybe a serious competitor to BTC is ETH,but with a three times smaller volume and some 75+ billion US dollars smaller marketcap(todays data) it is still far away to become king in the castle.
some interesting math that I feel I should put here because it is very relevant to the topic and what you said Market cap = Price * Supply BTC MC = $9664.16 * 16,866,237 = $162,998,012,966 ETH MC = $919.21 * 97,628,909 = $89,741,469,355 XRP MC = $1.12 * 39,009,215,838 = $43,527,653,309 and that's how people are determining bitcoin's "dominance" these days!!!
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Brad Garlinghouse also said that "Bitcoin which is 1,000 times slower and more expensive than XRP will still be used as a store of value, similar to the role that gold has played. But it won't be used for payments".
In this scenario, the value of bitcoin will decrease by quite a significant amount, but will not go to zero. This is because the payments aspect of bitcoin is already priced into its valuation. Once we take that out, the price will drop.
But what makes XRP any more special than other more decentralized altcoins such as LTC/XLM that are also faster than BTC that are also gaining adoption in individual/small-businesses use? The Ripple Network on the other hand caters to big corporations and big banks; however, the adoption of the use of the Ripple Network (which benefits the Ripple company) do not mean the XRP token is being adopted for actual use. this is just a fight between the centralization (being Ripple) and the decentralization (being most of the altcoins) and nothing more. they are just trying to bash the decentralized coins like banks and hundreds of others have been doing because they know they can not compete with it with their flawed systems.
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I think it improve BTC better!!
I explained what fork means a while ago here: https://bitcointalk.org/index.php?topic=2848318.msg29220220#msg29220220what you say is true only if by "fork" you mean the first type which is simply upgrading bitcoin and adding new features or removing some rules (like to fix a bug). for example the P2SH fork improved bitcoin. but if it is the second meaning, which OP is asking about then you are wrong. they don't do anything to bitcoin.
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I always accumulate my reward points to exchange them for a free BTC bonus (3200 RP = 1000 %), than you can gain +/- 250 satoshi/free roll.
I have tried that a couple of times, mostly the 100% bonus which costs 320 Reward Points. and I wish they added a new option to increase your "profit" bonus (the profit that you receive from your bitcoin in their website, the Earn BTC tab). the 4.08% annual rate is good but still small
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well as far as bitcoin is concerned, accumulate! because it is stable and it is a good time to do it.
but also we always have an interesting side effect when bitcoin price is stable and that is the altcoin pumps that start up and become bigger during this time. so you can adapt accordingly and switch to altcoin market to increase your wealth whether it is in bitcoin or fiat by trading altcoins that are now more volatile and are getting pumped more.
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that is very true. all those people who keep repeating about the bans and scare themselves into selling their bitcoins are the same people who never understood what bitcoin is. I am willing to bet that most of them don't even have a bitcoin wallet. they use services like Coinbase and exchanges to hold their bitcoins! that is one of the reasons they are too fast to press the big red button of panic sell whenever there is the smallest signs of a drop. and they always press that "button" too late!
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if by countries adopting bitcoin you mean something like what Japanese did, (calling bitcoin a legal way of payment with 0 tax on the payments) then no. it will probably take a long time, somewhere between 10-20 years and some countries will never do that.
besides this doesn't matter at all. the only thing that matters are people who are the peers on this decentralized aka peer to peer network. they have to find out about bitcoin and want to use it or not. and that has been happening worldwide. I don't know of any country in the whole world that does not have at least some people interested and involved in bitcoin. and that is the world wide adoption.
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