Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.
“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.
It’s just my opinion about Bitcoin ban
What are your thoughts?
Governments are nervous about the anonymity and the tax evasion that could come out of cryptocurrencies. I don't blame them, as these are perfectly fine reasons to not want to add crypto into their environments. However, I think the governements shouldn't run away from the problem, but that they can simply find a better way to deal with the issues. Anonymity is something that will survive as long as bitcoin does. However, in terms of taxes, there could be a more efficient method of getting earning data from holders. Sure, not everyone wants to pay taxes, but they have to be done. |
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Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, expressed his idea about cryptocurrency. "I'm interested in bitcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever. It may be with us for a while," said Shiller. "To me, it's interesting as another example of faddish human behavior. It's glamorous," he added. The bitcoin craze reminds him of tulip mania in the 17th century, the event which is considered one of the first recorded speculative bubbles where a buying frenzy and lofty expectations replace rational justifications for an item's value. The price of bitcoin grew so fast. The cryptocurrency hurtled above $1,000 in early 2017 after trading at less than a $1 at the beginning of the decade. It even hit an all-time high north of $20,000 in mid-December. (recommend FuninUSA for updated data about cryptocurrency) A lot of people have benefited from the cryptocurrency investment. But Shiller would still like to see it as a psychology experiment. “It is more psychological than something that could be explained by the computer science department,” He said. Bitcoin held above $8,000 on Friday morning after topping that level a day earlier. The two-day rally comes after a weak start to April likely tied to tax-related selling. Prices dipped below $7,000 earlier this month. Will the bitcoin disappear? What's the true value of bitcoin? What essence in bitcoin are we paying for?  I think all cryptocurrency investment has a strong tie to psychology. The price of bitcoin is based on what we believe the price should be based on how it's being bought and sold. There's nothing holding its value; it's mainly just held down by the opinions of multiple investors. With that, we see a lot of backlash saying that since bitcoin doesn't really have a backing, it shouldn't have a value. However, this is not true. The value comes solely from what people think the value should be and that's what makes Bitcoin so unique. Without that concept, there would be no cryptocurrency markets anyway, and seeing as Bitcoin is valued at over 7,900 USD currently, I think there is a strong argument FOR bitcoin. |
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has anyone thought about applying the bitcoin principles to an incorruptible voting system? put diebold out of business?
It's likely that this is possible due partly to the anonymity that Bitcoin strived to incorporate. Without the concept of anonymity, I'd assume many people would fear their data being compromised as well. Furthermore, the community does dictate the price of Bitcoin. When we buy, the price rises. As we sell it drops. This is pretty democratic in itself, but even beyond that blockchain technology is being explored as potential for voting systems as well. It'll be very interesting to see how that goes. |
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how many people that are not heavily invested in bitcoin mining or bitcoin media are still in this forum
i am not talking about speculants that bought bitcoin, but about those mining operators or those media outlet runners.
regards
Bitcoin whales are very few, Who heavily invest into BTC and are solely responsible for the fluctuation in the valuation of BTC otherwise there are millions of investors who are investing into BTC and earning their profit according to their capacity. Whales are very few who owns millions of bitcoins and regulates the valuation of BTC. I agree, the average bitcoin investor is nowhere near what a Whale is. I'd say, to answer OP's question, that the majority of users here are not whales. However, there is probably a good amount of people here that have invested an amount that is a lot to them personally into cryptocurrencies. Those who haven't really invested much into any cryptocurrencies are likely lurkers or maybe occasional posters. I think everyone's opinions on these forums are very unique and offer good insights, so I don't mind having those lurkers. |
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We have seen to many so called experts that sometimes you will have a good laugh with those kind of predictions. I really like them being very bullish, but for me no one can really say what will be the final price until we get there. No one really predicted the price to go to $19K last year isn't it? For me, just let them put their predictions early and see how it goes on specially at the end of the year. If its a hit then good, we can take all the profits and enjoy.  The "experts" being bullish just ends up with the price going up. And I'm sure there were countless people who predicted the price to go close to 20k last year, it's just that you and I don't have the time to physically look at everyone's predictions. There can always be someone making some call that just happens to come true, but I doubt that there are many people in these markets who can make consistent predictions because cryptocurrencies are way too random. Sure there's a good amount of things you can research to make a prediction, but you can never be spot on. |
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After months of trading/mining what i learned so far:
* Bch pump, dump which has done for purpose to prove that bitcoin stays the original and the master
* jp morgan (zcash) problem that could make him/them rich by attacking bitcoin with help from media and truing shorting on
* big support at 3000$ which i think its made from money shorted all the way down from 5000$, yes bit coin is unstoppable
* china gov +neo most popular chinese (pump 40$) ahm,sorry dump 17$ after using china ico/exchange threats
than pump again 37$ when the threats gone
*zcash wild ride from 200$ to 400$ than back to 200$ done on purpose someone pumped the price than started selling, the new always come late to cover the fraud. i bet ppl didn't know edward sandosen was talking that zchach is next bitcoin, >>> lie zcash is a fork as it as bch born to feed btc.
*the rush to beat resistance weakly candle (done) and 5000$+ milestone backed by new fork, (yes this time we learn lesson from bch) so waht ? dump everything bch neo eth, and leave ripple ppl think its a company not a decentralized crypto currency. neo went from 38 to 29 in hours when btc need to beat resistance and close weekly candle last friday night, is that a coincidence? no ... no bit coin is the master coin and other coins are nothing if bitcoin fall so dumping other coins to save bit coin is a must, and other coins can be bumped easily later..
conclusion : bitcoin bump*fork*media*dump*support* cycle all done on purpose and it sucks.
even that i see bitcoin rising right now, i lost faith and i feel like i am taking profit from something without value
you can think your self making good money and after week find your money more than halved , happened with eth, happened again with neo (aka china eth)
buying/holding is the best strategy, yes it is the best, but this big whales making big profit, when we holders hold our hope and pray, who assure to us this big whales don't turn away on us.., they are doing it now and they will blow the market if something big happen like gov banning btc /minning.
if you ppl with 1k 10k think your self will be millionaire, this guy who invest millions now will be trillionare ?.. no way the economy of all the world is not like this,
So guy any one has better explanation on whats going on ?
I don't blame you for losing your confidence in bitcoin, but I'm just wondering, have you also lost your hope in all uses of blockchain technology as well? I find the technology backing Bitcoin to be one of the most important parts of it, and I think it has many many use cases. You've in particular stated some altcoins that you noted also have a similar pump/dump cycle. Furthermore, I think if you're in the cryptocurrency markets to make money, you're looking to risk some of your own money as well. Part of that risk comes in when you're analyzing when the pump happens and when the dump happens. Crypto is governed by the people, and the price rises and drops are all investments/withdrawals from cryptos. The better you get at analyzing those trends, the more money you can make. I'm not sure if you're annoyed with the fact that you need to wait on pumps/dumps to make money or if you're frustrated with anything else. Could you maybe clarify a little more? |
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No. Bitcoin remains a classic among all cryptocurrencies. for this reason, it will always be valued more than anyone else. It is possible to make purchases on the Internet will use other altcoins but we will always keep our savings in bitcoins. For me, there will always be bitcoin and everything else.
I think this is a pretty weak explanation in regards to OP's question. OP's question is asking why we should support bitcoin over newer technology backed altcoins and you essentially said "because we just should." I think a better response would be that Bitcoin has proven itself. It's hit 19,000 which proves that people do value it. Even now, people value it at around 8,000 and that might even continue to go up. Furthermore, the security backing is very strong. There haven't been breaches in the actual coin and blockchain as far as I know. That's something that other coins can't boast about because of how long bitcoin has been around. I think you might find this article to your liking. If you scroll down a little, you'll find a list of reasons why Bitcoin has benefits over other alts. https://medium.com/@jimmysong/why-bitcoin-is-different-than-other-cryptocurrencies-e16b17d48b94 |
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It's impossible, it's fighting against windmills. If they control one coin, we can simply create another one - completely anonymous.
Yup, if there were actual regulators, then the people would just end up creating different coins. It's the cat-mouse game here. I guess the only issue I could see coming out of this would be that the general population would need to be alerted of the creation of a new coin. People have to actually start supporting that new coin, and that could be a dangerous game. People in general hate change, and to swap their holdings to a new coin, which might not seem too much for you and I, would be a huge change for the average Joe. Regulations would definitely hurt the coins price, but I don't think it would mean the coin is done for. |
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Would a world war affect the price of Crypto and what are your thoughts on this?
Personally I think it could hike the price right up for certain coins but that's just my opinon
World Wars in the past have definitely influenced economy a lot because there needs to be a lot of production of all kinds of different items. I'm afraid, however, if we were to go into a 3rd World War, we all know what would happen. The arsenals of the largest countries (USA, Russia, etc.) are enough to essentially wipe out the human race. There would be all kinds of consequences after. If people are to survive, then there would definitely be a downturn of economy after the war. However, during the actual time of the war, production would be high and economies would be doing well. Because of this, I'm almost positive that Bitcoin and cryptos would be in the green. |
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What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )
I don't at all think technical indicators help in the cryptocurrency markets. The reason you see people saying that they predicted the price at a certain time is because there are thousands, if not millions, of people making their predictions about what the price should be in the future by using charts and graphs. If there's such a high volume of people creating their predictions, there's bound to be some chance that one of the predictions actually lines up with what happens. So, what you end up with is a load of graphs and technical foreshadowing about what the price will be in the future. If you "choose the right one" you might be able to make money, but what are your chances of making money off of one out of a million predictions? This is just my personal qualm with technical indicators. Maybe it works for others, but it hasn't worked out for me. |
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Yeah only thing is staying positive won't give them their money back. You see, a lot of people went to different sources and got the money to invest in Bitcoin but now that the markets are in a bull period, they can't keep up with the other end of bargain when they borrowed the money. We are seeing suicides, murders and what not for money. This stupidity is worse than their earlier stupidity of buying bitcoin at a higher price.
100% agree with this statement. You can't tell someone who put their money into bitcoin at 19,000 to "stay positive." That money might not ever come back, and the loss of 50% of their investment is a big blow to not just their bank account but their motivation towards investing in crypto. It takes a very unique and strong-willed person to keep investing in something that they lost so much money in. People shouldn't stay positive no matter what the price is, they should stay smart. If anyone plays their cards right, they will have the opportunity to make money. |
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You should never expect to get rich through bitcoin or any emerging technology. It is always important to be alert to anything that sounds too good to be true, or is against the fundamentals of economic law.
Bitcoin is a growing area of innovation, and there are opportunities and risks. Even so far, bitcoin has been growing at breakneck speed, but no one can guarantee that it will continue to grow. Any investment in bitcoin's time and resources requires entrepreneurship. There are many ways to make money from bitcoin, such as mining, speculation or new business. All of these methods are competitive and there is no guarantee of profit. Each person should make an appropriate assessment of the costs and risks involved in any such project.
I think your title and post are somewhat disconnected. I think you in particular might be more interested in blockchain technology just based on how you talk about bitcoin and emerging technologies. With bitcoin and the idea of "getting rich quick," I would change your title to be: "Bitcoin takes money to make money." To make decent amounts without being too risky, you would need to put a lot of money into ideal coins at the right times. The buying low/selling high concept is pretty easy to keep up with, but the hard part is getting the seed money that you can actually afford to maybe lose. In that lies the true challenge of making money off of BTC. |
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Bitcoin Price: Experts Weigh in on Cryptocurrency Price Recovery Amidst Institutional Interest
Bitcoin looks like it will end the week with a 15% price increase and all but four of the top 100 cryptocurrencies by market capitalization are still showing green. Investors are demonstrating increased confidence illustrated by trading volumes.
Experts have shared their predictions and explanations for the increase, which may well indicate a recovery for the cryptocurrency market after months of trepidation.
Thursday’s sudden price increase for Bitcoin is the result of what experts term a “short squeeze” and it sparked a frenzy of activity in the charts.
“This is what’s known in the markets as a short squeeze. When a lot of people are short on heavy leverage, a small movement up can trigger someone’s stop-loss,” said Mati Greenspan, Senior Market Analyst at eToro. “Keep in mind that when a short position gets closed it actually creates a buy order. After a prolonged period of moving within the range, stop losses start to pile up. And so, even a small movement in the market can trigger a chain reaction of stop losses all at once and lead to a breakout on the charts.”
The following chart from eToro shows the breakout:
The orange and blue dotted lines represent the tight range, between $6500 and $7500, that bitcoin has been trading in for the past two weeks.
“We would normally look for a test of the blue line before moving forward. However, should the excitement start to come back into this market, it might not need to.” Said Greenspan.
“The ratio of short margin trades versus longs has been increasing recently,” said Nick Kirk, quantitative developer and data scientist at Cypher Capital. “Buying volume ticked up today and a lot of these short trades got liquidated, helping fuel the rally.”
In an earlier interview with Bloomberg on April 11th, 2018, Greenspan predicted that Wall Street was “building bridges” and would “at least even things out” in the cryptocurrency markets by injecting new liquidity.
On April 6th, 2018, news broke that hedge fund legend George Soros might begin to invest in cryptocurrencies. According to reports, Adam Fisher, head of macro investing for Soros Fund Management received internal approval to trade cryptocurrencies.
Hedge Fund Research indicates the average return on funds that started investing in cryptocurrency at the beginning of 2017 is 2,908%, compared to 9% gains for traditional hedge funds over the same period.
On April 10th, 2018, Venrock, the Rockefeller family’s venture capital businesses announced a partnership with cryptocurrency investor group CoinFund.
“We wanted to partner with this team that has been making investments and actually helping to architect a number of different crypto economies and crypto token-based projects,” said Venrock partner David Pakman
The Rockefeller family has an estimated net worth of over $1 trillion, with Venrock reportedly holding $2.6 billion in managed assets. Venrock made significant gains with early investments in Intel and Apple.
“There are a lot of crypto traders in the market,” continued Pakman. “There are a lot of cryptocurrency hedge funds. This is different. To us, it looks a little bit more like venture capital.”
There are also disputed rumours that the Rothschild family now hold cryptocurrency related investments.
Commenting to Bloomberg, leading Wall Street strategist Tom Lee describes Bitcoin’s sudden price hike as “overdue”.
“We still feel pretty confident that bitcoin is a great risk-reward and we think it could reach $25,000 by the end of the year,” said Fundstrat co-founder Lee.
It’s not just Bitcoin that is seeing health price increases. Only a handful of coins in the top 100 are still showing declining prices. A number of coins have 24-hour average price increases of 20% and more.
Ripple (XRP), with the third largest market capitalization after Bitcoin and Ethereum, is currently trading at $0.67 after a 21% increase. This is directly compared to a current rate increase of 5% for Bitcoin today.
Ripple’s increase is likely fuelled by the announcement that Santander is launching an international payments service “OnePay FX” based on Ripple’s xCurrent blockchain technology. With the move, Santander becomes the first bank to offer a blockchain-based international payments service across a number of countries at the same time.
“One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally – offering value, transparency, and the trust and service customers expect from a bank like Santander.”
Other notable price increases include IOTA (MIOTA), currently 10th by market capitalization at 21%, NEM (XEM) at 17% and Vitalik Buterin backed OmiseGO at 18%.
You can join in this forum- https://[Suspicious link removed]/7cuWeV
I really like how well organized this article is. Next time, you should add the original post's link in your post here. The article gives really good insights as to what people should be looking out for in the news in regards to price surges. However, there was a pretty recent article that you might have missed out on. https://coinjournal.net/bitcoin-price-experts-weigh-in-on-cryptocurrency-price-recovery-amidst-institutional-interest/This is pretty huge in my eyes because it shows a large corporation showing major interest in a cryptocurrency exchange. If there are more large investors pumping their money into crypto-inspired services, there will be a better general consensus about whether or not cryptocurrencies are good to invest in. |
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After staying at $6,800 for quite a time, Bitcoin price takes off more than 1,000 USD breaking the resistance line. Still, I don't think this would last and BTC price will eventually sink to even lower than its previous price of $6,800. What about you? Tell me what is on your mind now? Will it sink or will it rise? It's probably a large corporation buying in when they see the price lingering low. There's no reason for the price to go up so quickly and in such a magnitude besides someone buying a load of it. Essentially, people might be bringing some light back into it because there's been such a long while of lingering around. The price being stuck in the same area wasn't exactly a bad thing for bitcoin, it just offered some time for the markets to stabilize a little bit. |
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Owing to the Earth's axial tilt, winter in the Northern Hemisphere lasts from the December solstice (typically December 21 UTC) to the March equinox (typically March 20 UTC), while summer lasts from the June solstice (typically June 21 UTC) through to the September equinox (typically September 23 UTC). The next time we should expect to see some interesting BTC price highs should be between December and January... and the lows between June and October. Miners can weigh in on this, perhaps... I don't really think seasons have much to do with this. How are you stating that miners affect the price? Are you saying that the more miners there are, the higher the price can go? Or are you saying that the fewer there are, the higher the price goes? There aren't many grounds that you've made in your first statements. I'll assume that you say that the more miners/mining is happening, the higher the price goes. However, the opposite of this happened last December. The mining fees were absolutely insane because there weren't enough miners to keep up with how many people were flowing into the whole crypto scene. |
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Turns out my estimations of the Lightning Network's growth were underrated, I was using an outdated explorer that was listing less nodes, use this explorer for the updated amount of nodes: https://rompert.com/recksplorer/This is the old url: https://lnmainnet.gaben.win/Notice how there's 300 new LN nodes in the other url that the old url is not caching. LN seems to be growing pretty fast, it will eventually go parabolic once it's easier to run. Right now (I think) you need a full Bitcoin node to run a node, but eventually they will make it so anyone can run an LN node without running a full Bitcoin node. By 2021 I predict big companies like Steam, eBay or even Amazon starting to accept Bitcoin payments through a much more robust and user friendly LN. Coupled with the store of value properties which will remain as solid as always, the combination will make the price go beyond $100,000. Your predictions are heavily contingent on the large companies using the Lightning Network, but what if that doesn't happen? Steam used to accept bitcoin, but they stopped recently due to (probably) the confirmation times. Wouldn't it be a little odd if they start accepting it again? I guess the lightning network solves any issues that Steam may have had with the cryptocurrency, but it would be odd if they flip flop around the subject. I do see this all working out if the big companies want to use the LN, but isn't it true that the LN brings some form of centralization to a what should be decentralized currency? I swear I've seen people talking about how it brings centralization into the picture, but I'm not 100% sure on how the LN works. |
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Guys, btc price flatlined for the last 20 hours. I have never seen something like this before.
Are you sure about that? so for the very history of the bitcoin price, this was the very first time it flattened like that? like the other people said way back when bitcoin is not on the thousand dollar price minimal fluctuations are normal due to the condition of the market and trading activity so its really happening. First graph shows the flat line --- graph time frame 24 hours.
Second graph time frame 1 month shows how bizarre this flat line looks and how it stands out from historical price action
That's not flatlined, it is still curving minimal fluctuations the price is still moving upward and downward so it is not the basis if you're going to tell there is someone who manipulates the bitcoin market. I understand what you're trying to say in the first part of your reply, but I think the main point about OP sharing this takes into account that it's a recent happening and has happened for a (significantly) long period of time, almost 1 day of a flatline. OP is saying that it's not characteristic of the currently volatile bitcoin that has survived through its crazy rises and its similar drops. For the second part, again, I think OP's point is to bring to light that something is different from the other points in time seen in the graphs. The "flatline," which is essentially just minimal drops and gains such that in the grand scheme the graph looks straight, is different from what a lot of the graph has looked like and should look like. I don't mean to say I agree or disagree with you, I just think you're missing some points. |
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Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.
Is bitcoin the phenomenon or is Blockchain technology? I think the actual technology that Bitcoin is built on is far more valuable than the actual coin itself. Currencies can come and go, but such a simple technological database type structure has infinite possibilities for implementation. I would only call Bitcoin a phenomenon because it's an asset and a currency at the same time. I guess that's a really weak definition of a "phenomenon" though because that relates directly to the monetary aspect of bitcoin. When you look at the technology and potential future uses, I think you'll find far more of a phenomenon. |
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Then that would mean Bitcoin's market dominance is only 4%! Hahaha!
Now we know why they are always so angry at Bitcoin while spreading all of Roger Ver's propaganda. They have no recourse but to accept the truth and sell all their Bitcoin Cash coins back to Bitcoin.
I've actually seen quite a few articles and documents that came up claiming that bitcoin cash was the new bitcoin. I'm not sure if people will actually do research into this before they jump into putting their money into bitcoin cash, if they put any money into it at all. A lot of members here and those who support bitcoin see bitcoin cash as just a lowly branch off of bitcoin that seems more like a scam than anything. In my eyes as well, I doubt bitcoin cash will ever surpass bitcoin. Bitcoin has the name and the "brand" in a sense, and there's nothing that bitcoin cash can do to take that away. |
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Illiteracy is the cause of poverty. We know a cup of coffee (Starbucks) = 20 notebooks, or a school bag, or two pairs of slippers for poor children in Vietnam.
The answer to your question in the title is no. The answer to a similar question (Can we help poor children in underdeveloped countries by using bitcoin), is yes. It's just like any other form of payment. We can all donate money if the people on the other end who are making sure that the money goes to the right places know how to use bitcoin. If they're able to get our donations and use them for the right items instead of keeping it for themselves / investing it back into the market, then yes, through us, bitcoin can help children. |
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