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you have no reason for waiting for another dip before the new year. unless you consider the drop from $15k+ to $14k+ a dip in which case, you can expect this type of dip a lot in the following days as the market struggles to rise up and break the resistance.
but anything bigger than that will cause a lot of alarms go off where people who see the dip will buy it up and prevent the dip to become any big by their "buy support".
as for Segwit2x that some people said here, it has nothing to do with bitcoin price. it is another premined altcoin this time with 6,000,000 coins premined in a series of altcoins just like this with different names. there are at least 10 of them going on right now and there will be at least 50 more in the near future.
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using anything digital that can lose data because of any kind of hardware or software malfunctions is not the "most secure and safe wallet" ever. and when you are talking about something that you carry around with you and can simply be lost or even stolen (your cell phone) then you are decreasing your security intentionally!
the most secure wallet is what you create offline and will always keep offline. if it is hard copy instead of anything digital then you get a bonus point to your security. example: paper wallet.
if you encrypt it then, you get another extra point for security.
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there are always more bitcoin forks!
so far we have schedule for at least 10 bitcoin forks, or in other words 10 useless altcoins which will get pumped and dumped.
and I am expecting to keep seeing a lot more forks like this in the future. something around 10-20 forks each month seems about a good speculation. things will become hectic for a while and then they will stop a soon as people stop paying attention to them.
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Now BTC Testing $16,000 - Bitcoin Crypto Market Losing "Dominance" Not a Bad Thing?
what does bitcoin testing $16k have to do anything with the thing you are calling "Dominance"? and I sigh deeply whenever I see someone else is talking about this so called "dominance" again and again and again!!! it is just a wrong comparison to compare a meaningless variable called "market capitalization" to compare how much bitcoin is dominating the market. you are practically comparing bitcoin with its 16.7 million coins with 1500+ altcoins most of which have at least 100,000 million coins circulating! 16.7 million bitcoin * $16000 = $267,200 million M.C. 1500 different altcoin * 100,000 coins each * lets assume $1 price = $150,000,000 M.C. do you really think this is a fair comparison? |
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dude what you are seeing is "volume" not "market capitalization"! your question doesn't even make sense! market cap means circulating coins multiplied by the price. if you want to figure out what is the "biggest crypto market" then you need to check out how much volume is coming out of each exchange located in different countries with different main currency. although that alone is not accurate but it is a start. here is a good source: https://data.bitcoinity.org/markets/volume/6m?c=c&t=aewhich shows USD is the dominating one, JPY is the second. ps. I said it is no accurate on its own because sometimes exchanges report fake volumes. sometimes they have 0 fees which adds to their volume to unrealistic levels, sometimes sources like bitcoinity don't list all the exchanges so they may report some volumes so much lower than reality. pps. also remember that USD being dominance doesn't mean US is dominant. because USD is used by so many other countries that do not have an exchange themselves. for example third word countries that are using bitfinex to trade use USD instead of their own currency or other fiat such as JPY, EUR,.... so it adds to USD volume. Bro, I know! If you read my post again, you'll notice that I've checked Bitcoinity and it just added to my confusion because I noticed that JPY is second to USD by far (almost X6), which contradict the CrytoCompare theory that started my confusion. So we actually agree  checking things more, as I said in the ps part of my comment, sometimes these stats don't include all the markets. for example cryptocompare has 7 markets for JPY but bitcoinity only has 3 there are some volume differences too. checking the 24 hour ones on bitcoinity the localbitcoins volume is higher! to be fair I can not tell which one is correct. but bitcoinity is definitely lacking a lot of volume. adding that JPY may be bigger. |
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it is a premined altshitcoin, what do you expect to happen after it? it has 6 million coins premined! that is nearly 40% of the circulating supply of the coin! they are not "extracting" anything. they are simply adding an exception for those coins which makes those particular ones spendable on their chain. it has nothing to do with bitcoin. and nothing will change for bitcoin or for those coins on bitcoin blockchain. you can also make a fork of bitcoin and spend any coins that you want. that is how a fork works, you make something that is impossible, possible. or vice versa. |
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dude what you are seeing is "volume" not "market capitalization"! your question doesn't even make sense! market cap means circulating coins multiplied by the price. if you want to figure out what is the "biggest crypto market" then you need to check out how much volume is coming out of each exchange located in different countries with different main currency. although that alone is not accurate but it is a start. here is a good source: https://data.bitcoinity.org/markets/volume/6m?c=c&t=aewhich shows USD is the dominating one, JPY is the second. ps. I said it is no accurate on its own because sometimes exchanges report fake volumes. sometimes they have 0 fees which adds to their volume to unrealistic levels, sometimes sources like bitcoinity don't list all the exchanges so they may report some volumes so much lower than reality. pps. also remember that USD being dominance doesn't mean US is dominant. because USD is used by so many other countries that do not have an exchange themselves. for example third word countries that are using bitfinex to trade use USD instead of their own currency or other fiat such as JPY, EUR,.... so it adds to USD volume. |
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that is the story of years and years of bitcoin price. it always rises in the end. the funny thing is, in the past 3 years the patterns that bitcoin follows are EXACTLY the same! [1] - price rises big time - then a correction starts, it is a simple 10% drop - then the FUD starts and the weak hands panic. during this time some idiot like freightjoe posts that picture he posted above and say we are on top of that chart and it will go down to $X where x is mostly 80-90% drop  - then the biggest dip most of the times is 30% and rarely it goes as big as 40% - after the dip is over and whales and the rest of the experienced traders were satisfied with the result, the price starts rising. - FUDsters go into their winter sleep and throwaways stop being created until the rally ends with a big time rise - repeat of the process again. [1] Déjà vu https://bitcointalk.org/index.php?topic=1935374.0;all |
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Warren Buffet said bitcoin is not going to even be alive in less than a decade and bitcoin has been alive for nearly 9 years now and it is not just alive, it is growing fast and big.
you can see it in the price and ever growing user base. and that has caused some troubles with the fees which will be solved eventually and by the time it is solved and also Lightning Network is added you can see the explosion in the merchant adoption which will change the way people see bitcoin.
it is a currency, it has always been a currency and it will be a currency in the future too. Or it will die.
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you are asking the wrong questions!
instead the correct question should be why are the other coins worse than bitcoin. out of a thousand or so altcoins, at least 90% of them are completely useless. they don't add anything to the world, they don't act as a currency, they have so many bugs, they have bad scaling issues that are sometimes insolvable!
the remaining 10% comes close but not quite.
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when altcoins drop (get dumped hard) they are losing their value. and if you want to buy them in their dips you can use form of currency to buy them. this form of currency can be USD, EUR, ... or BTC. and since most people trade in bitcoin markets to increase their BTC wealth, those markets are mostly popular and have higher volumes. which makes it the most efficient way to buy altcoins with bitcoin.
on the other hand USDT is a centralized altcoin which also happens to shady and risky. it is very hard to trust such a system that has nothing guaranteed and promises absolutely nothing to those who hold it. that brings in a huge risk for you to even use it for a short amount of time. although it may seem convenient at times.
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this is actually a delicate matter that no matter what you do, there will always be one party that is going to regret it.
a casino can not just give money away. and the deposit bonus is exactly that. they are giving money away and when you do that, there will be a lot of people who will rush to abuse this free giveaway and bankrupt the casino. so you need to set some rules to prevent people just making a deposit, playing a game or two and going away with their money and reward for good as much as you can.
but when casinos are trying to do that, they always go overboard because a casino is not a charity, it is a business that was created to make money from people who play there and lose money. so they force people to play more and more to lose more money or have a higher chance of losing money when they play more. and players losing means casino earning more.
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things may not move much for some time, specially due to holidays and the correction and also the high fees and spam attack that is currently going on. that means price will remain between $14k and $16k for a while.
but nothing in bitcoin lasts that long. in less than a month when we get out of this little dip, the price will start its rally and continue going up. the spammers can't keep it up and the scaling will also happen that can't be kept down either.
in short $50,000 is too small a target (~200%) to be reached in "a few" years. with all the things that are going on we can see $20,000 be broken in 2 months and in a couple of months when Lightning Network reaches its adoption peak, the price simply jumps to $50,000 within 2018.
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"The price of bitcoin is very unreasonable," William said in an interview with CNBC
actually I find bitcoin price most reasonable most of the times. the only difference is that the reasons are not the same as normal markets. and since bitcoin is very different than anything else that is being traded, you should expect same behavior as the rest of them either. The EU and British authorities are planning to fight bitcoin, as concerns about financial crimes and money laundering are increasing. As more and more financial institutions are entering this field, encrypted currencies can also cause the next crisis.
where is the reference for this? and are they planning to fight "bitcoin" or fight "crimes" using bitcoin. there is a huge distinction between these two. it is like saying cops who arrested the bank thief are fighting fiat. |
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Should I believe it and do what I didn't do 21 months ago? The answer is no! think, 21 months ago a child with $500 could buy 1 btc, myself living in a poor country did not cost me anything to go to my bank and buy $500 in bitcoin, I did this many times and for months. but dude... today the reality is another, few people have the financial conditions to go to the bank and deposit $15000 just to buy bitcoin, that is to say that you should not expect that this current price will increase more than 700%. I am surprised that someone who has been around for so long like you still misses the fact that you can still go to your bank and invest $500 in bitcoin. and nobody is forcing you to own 1 whole bitcoin. of course those who got in first will be rewarded bigger, but also they have been taking a much bigger risk than we are today. also who is to say it won't go up 700%? that is only going up to $110,000! once when price was $500 people were saying those who invested back when it was $200 or even those who invested when it was $20 are in profit and there is no way we, who are buying at $500 can get the same profit. now look where we are. bitcoin is just starting to get adopted for real. this past months we saw the beginning of the mainstream adoption. a tiny portion of the whole thing. |
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I think from the current price, Bitcoin Cash is more promising because the price is still cheap compared to Bitcoin (the price of 1 BTC = 5 BCH). Got more coins at a cheap price, more promising. And the benefits that we feel will be more felt if we hold a lot of Bitcoin cash. However, that does not mean buying Bitcoin a bad choice.
if your whole reason for saying bitcoin cash is better investment is because it has cheaper price then with that logic at least 1000 altcoins become better choices because they are much cheaper. we even have altcoins that are worth less than 100 satoshi which can get pumped a lot more. potential comes from usability and bitcoin cash is currently gaining some but what people are missing is that it also has the same scaling issue as bitcoin only BCH postponed it for a later time. right now everyone is happy but that won't last long. in long term it doesn't have any potential. |
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$5-$10 is so small that it will eat through your funds when you try to deposit and the service you are using takes out their fee. it may be half your deposit amount in fee when using banks even.
as for paypal, forget it because first of all it is against their ToS to use Paypal to purchase any digital currencies and if they find out, they can easily close your account and seize your money.
and second, paypal has charge back and nobody even exchanges are going to accept any paypal deposits where buyers can simply scam them.
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I hope I am wrong and you come back in a year from now to prove me wrong but I think it is 99.99% impossible to turn it into $1 million just by buying and holding.
altcoins are not known to go that high in long term (2000%) but they surely they go up a lot in short term which means by trading them during their rising time you can make a lot of profit.
for example a hot coin these days (which is coming to its end of line) is RDD. you can see it has always been dropping constantly in long term even went to 1 digit satoshi values. now it is being pumped towards 100 satoshi and 3 digit satoshi values. this is a ridiculous amount of profit but only gained in a couple of weeks. this will disappear in the long term like 1 year.
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Eventually they'll have shaken almost everyone loose, I suppose.
And that is why you hold them coins fucking tight. Don't let them screw you over with their games. a better option would be to buy in the dip before the whales start doing so to prevent them from having the cheap coins all to themselves. and that is the only effective way to get rid of the whales, to shrink their wealth little by little each time they try to dump and manipulate the market. let the whales be the ones who are going against the market and there will be no more of them. you can see back when price was around $1200-$1300 there were whales dumping bitcoin constantly on bitstamp against the market. suffice it to say that they got fucked in the ass eventually. |
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If u use Blockchain and Coinbase the transactions fees are high Use Luno.com fees are lesser much compared to other wallets
this is a bitcoin payment we are talking about, and in bitcoin you pay network fees, it doesn't matter what kind of wallet you are using. you may as well use a simple code you have written yourself, you will still need to pay a competitive fee compared to the rest of the unconfirmed transactions if you wish to get a fast confirmation in the next block. and luno.com?!! I have never heard about it. it is safe to stay away from unknown services like this. |
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