it threatens their stability and control and their monetary policy. So, if they want to keep their control, they will either buy into it or they will severely restrict it by creating heavy regulation specifically designed to prevent the average joe to buy it.
Yes Banks and Government actually sees Bitcoin as a threat, Government sees that it will be difficult for them to control and that's why they came up with the idea of CBDC'S. While most banks will go out of business if Bitcoin becomes widely adopted and if those banks didn't change their old business model because of the peanut called interest they pay their customers for saving money in their account as compared to what people get as interest in staking their cryptos/stablecoins. I feel like it wasn't really a way to stop, but more like a way to control the flow and that is even better if you ask me. At the end of the day, what is better for governments, to control something and have their fingers on the pulse? Or to completely ban something and try to chase everyone who doesn't follow their law? We have seen this with weed, they tried to stop it, and we saw how they failed after spending tens of billions of dollars. So, it is a lot easier to take control of it, people will use crypto anyway and you can't stop them. They basically said "might as well jump in on the fun" and decided to participate and be in the middle, instead of looking from outside. |
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When a trader becomes more experienced and operates with many trading strategies, he becomes more uncertain when making a final decision, which eventually turns out to be wrong. At the same time, a beginner who is guided by one or two trading strategies has less doubts when making a decision and eventually gets a profit.
So the more we learn the more we make mistakes in trading? .. No, you misunderstood what I wrote about. I wrote that the more you know trading strategies, the more difficult it is to make a decision, since according to some we have to open a short, and according to others a long. A beginner, knowing only one trading strategy, acts according to it. That is the funniest thing about crypto and actually about most trading like stocks and forex and such as well. If you know more trading strategies, shouldn't they all confirm each other? Well very rarely they do, which usually means it is the right thing to do, but most of the time they show the opposite sides. It means one is better than the other when that one is right, correct? Well, a week later the initially correct one becomes wrong and the other is right this time, so it is never the same strategy being correct neither. It is definitely a tough subject, and definitely causes a lot of question marks. Funny to me tbf because I just buy and hold, nothing questionable or complicated with mine. |
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It's just another analysis that has been broken and that's okay. In most of them, there's no perfect analysis and indicator and just as this indicator shows that it has been broken.
The others have also shown the same thing.
This is the nature and beauty of bitcoin, no one can ever predict perfectly what will happen in the future. And that's why if people are telling that it will go to zero, believe them not and just think of the unexpected price to rise soon.
I agree that this just another analysis but the only difference was it’s accurate for a long time since Bitcoin exist which means this is not the typical analysis that we see on our social media account but rather the interpretation of the bitcoin price history for long time. I’m not a believer of this chart too but since I always seeing this picture on every Bitcoin post on my wall, I start to believe that many traders is checking on it as basis for the Bitcoin future movement. Breaking the pattern after many years of being accurate is really alarming especially on the current times when the market is experiencing uncertainty due to the recent shit event. I will view this as warning but not a financial advice. It’s still good that we do safety precautions while we still have time. It's basically a way to read the charts and the economy, when something unexpected happens all of that goes down the drain and some huge unexpected things at a size of 6+ billion dollars happened so it's fine to be a bit wrong about everything. Let’s realize that right now there is a panic mood all over crypto and that’s a good thing for us, because if we check the fear/greed index, it’s all time high for fear right now and that’s a very good thing because that means it’s time to buy and time to make a good profit out of everything. This could go back being great again, just because it could be wrong once doesn't mean it will be like that forever so there is no need to lose hope on it for good. |
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Not really, both are cryptocurrencies but totally different, bitcoin is decentralized and CBDC is government made. The government has the right to allow circulation and people can only use cryptocurrencies that they will call legal and safe when they are created by them. Bitcoin will not be accepted more with this form.
There is still a chance that bitcoin will hit a million within the next 7 years, but the probability of achieving it is very low. I know we all hope bitcoin will hit the highest price possible because we are all holding bitcoin just for that purpose but let's be realistic for a bit.
I would guess that it would be counterproductive if they end up promoting their government CBDC and not so much with bitcoin and others. The whole point is that they want to take part in this and they want to make both a profit with it and also have a say it, plus they will be able to follow up what people do with their CBDC as well. If they end up making some coins banned or risky to use or whatever that means it’s not going to be useful to use CBDC, what’s the point of having it if I am not going to be trading it with cryptocurrencies? That is why I said that I believe countries with CBDC will keep on promoting it for a long time and will support people using crypto, so it will benefit their CBDC as well. |
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First of all, Bitcoin, like any National currency can be used immorally by people... that doesn't make the cryotocurrency bad. It's people abusing/misusing it, like they would abuse/misuse any good thing for evil. And it's important to note that Bitcoin underlining technology makes exposing bad users easy compared to fiats/national currencies which are quite opaque and are heavily used by drug lords and for other immoral purposes. You could call them dark currencies without being wrong due to their lack of Transparency which is part of the fundamental feature of True Blockchain.
In regards to whether governments will use Blockchain as tool for control... that really depends on whether they weaken or completely discard the features that makes Blockchain harder to use a tool for control. By the way, it can nolonger be a True Blockchain if the features are weaken or discarded... it will become a false Blockchain. So, you will have to make sure bad people in governments do not tamper with Blockchains Features/Ideals/Standards like its Transparency, Decentralization, Fair rule-based protocol, Participatory governance/consensus, Censorship-resistance, Immutability, Permissionlessness/Trustlessness, , Immutability, Pow, etc.
That has been the case for the "black market crypto usage" topic as well and everyone will do it as they see fit. Normally, they do not realize that dollar has been used for cocaine purchases as well, it is common, it is said that every single 20 dollar bill in the world has a bit of cocaine trace on it, well not the newly printed ones I am sure, but the ones from the 80's for sure. That’s why we should not be seeing crypto and immorality as a connected thing, it's immorality and humans, no matter what they do, what they use, what money, what product, what item, doesn't matter, some people will do the immoral thing over the moral one and there is no stopping them. |
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Many people hope that the market will soon rise, we have been in trouble for a year, the FTX case can be repeated at any time so that like a bomb that can explode at any time, the current trend is that many small exchanges have lost users for moving assets to other exchanges, of course this will be a selection Effective nature so as to make the number of exchanges decrease significantly.
we are not in trouble for year instead this is part of the market cycle , there must be a dump before pump and Pump before dump meaning we can see both in each cycle so expect this lowering this year and in the next coming years. but at least before it end we will see some light meaning we can expect 20k back in December? what would be the sooner effect. Cycles are normal, but the timing is the part that scares people so much. When it goes down and up inside a month that’s fine, when it does it in 3 months that’s not good but fine, when it is 6 months then it’s scary but people can hang on, when it's a year that becomes very bad and scares a lot of people but when we are talking about over a year, most of the market is considering the worst possible outcome. We were at ATH levels last year in October, right now we are close to December and it still hasn't recovered which means that we are talking about something much scarier and that shouldn't really happen at all, it’s not really that nice and we should have been on the other side of the cycle already. |
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Cathie wood tells bloomberg she thinks 1 bitcoin will worth a million dollars by 2030 very doubtful that's going to happen unless all the countries of the world get rid of their fiat and just use bitcoin. but most country seem more interest in developing their own digital currencies than giving up control to bitcoin.  exactly mate , this is what i was thinking as the post are just 8 years to go, there are so many plans each country to create their own crypto or digital currency so why would be bitcoin comes first? when they cannot have a complete control of this currency. while it is correct that this can be called as Joke because 1 million may be coming but in not this short period . I feel like with the introduction of CBDC and all that, we are going to see more and more countries "promoting" bitcoin basically, not that directly but their own product and that will be connected to bitcoin easily, because if you make a CBDC that means crypto is allowed. Also, we need to realize that 2030 is long way down the road and that’s why it’s not that easy to handle, I would guess that it could still potentially happen, that is nearly 7 years away and considering bitcoin could grow a lot, we are talking about nearly 50-60x increase and in 7 years that could very well happen. We just need to start growing, but 2 big bull runs could cause it for sure. |
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This kind of thing happens more often in the stock market with inside trading, embezzlement, etc. In reality, it’s a perfect time to get in with everything dropping so low. It will come back and come back bigger than ever after this dies down and there will be improvements to hopefully prevent this from happening again.
Not so true for altcoins that will have a hard reversal. The difference is that if it's Bitcoin then anything can happen with a quick reversal backed by public trust. The market was volatile and almost all altcoins were unable to show a %50 recovery after their ATH. The winter cut big draws and it's not just the crypto market, stocks are experiencing the same. But if you look at the public panic, maybe we don't have to buy everything below if for certain altcoins. Accumulation of Bitcoin periodically at this time is a good choice. The world economy is in the shits right now, not just crypto or stocks, the whole world economy is down the drain. This is a proof enough that crypto is doing fine, because if all is down then how could bitcoin be up? That means the down in the market, the bear market period is something that is normal for crypto at this current situation. Obviously not that many people would have to fix anything about the current situation, it just means that we are talking about a situation where making money is not the first thing to do, it is always making sure that the whole economy is doing better and in order to do that we need to make sure that the world is going the right direction. |
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I'd say it's good? Cause imagine if FTX got away with what they were doing, there'd probably be more damage in comparison to it being revealed right now. Heck, it being revealed this early on just led to the issue ending early which lead to reduced damages as well. Sadly, the damage is still damaged so it's there to remain. There's also the idea that it enforces not your keys not your coins type of thing since a lot of people got hurt because of that. I do want to increase regulations though so this being brought into the spotlight might make that faster for the sake of new crypto users.
Still a pretty bad thing for most people that got hit though.
The trick here is that either they would make even more damage, or maybe they could have turned it around make a profit and then everyone would have made even more profit. It's clear that we are talking about something that is risky here and they did something risky and that’s bad, I agree with that. However, that doesn't mean that we should be considering them as fully gone just because they looked like that for a while. I personally believe that we should give them a bit of credit where the credit is due and say that they didn't "steal" the money but more like invested that money. Meaning if they did a good job, they would have been still around and profiting. |
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The real secret to success, in my opinion, is not to miss opportunities like you are doing now and keep doing it until creativity and innovation exist and develop.
Working towards not missing opportunities is going to put a trader in frustration when they put their mind in not missing it and if that happens, they may not be able to manage it. It is better to keep our minds open to anything happening instead of foreclosing ourselves from it. Having miss opportunities is better than forcing yourself into what will not work or lead to profit. I would guess that people who are active on the trading scene, even if they are not actively trading but actively looking for trades, will end up profiting. Stuck on missed chances means you are not making any new profit, and you are just looking at the past, any investor would know that the only way to make a profit is look to the future and that means past has already happened and you can't change it. If you want to make a profit, look at what’s going on and what could happen and you would be making a good profit for sure. I personally do not believe that there will be opportunities at all times, so it is vital to check all times to not miss anything in the future. |
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And the truth of the matter is that media will always tell a story the way people wants to hear, while taking advantage of the current market movement just to drive traffic to earn a penny, because I can remember last year how we got so many prediction after the ATH bull market, of people saying Bitcoin could likely hit $100k before the end of December 2021 simply because the market was bull back then, and likewise same thing now happening all over the media of most people predicting Bitcoin couldd fall to $10k due to the recent bear market caused as a result If FTX hack and Russia/Ukraine war
So the fact here is that there will always be news on social media predicting the possible price movement of Bitcoin at all times.
I feel like they do not even tell a story the way people want to hear, they just tell a story that will get a lot more attention. This doesn't need to be what people want to hear, as long as it gets attention, it could be hatred as well as long as it gets clicks. That’s what media cares about these days, clicks, which means that they can tell the truth, tell the lie, tell good thing, tell bad thing, it really doesn't matter to them as long as they can get attention. One million unique visitors to a website equals to a HUGE company, and I mean huge, and you need just one website. So, it is very important to attract people to the website all together. |
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If you are actually looking to accumulate then you can't say that phase is out with these little pumps and now we are still at $15k so this is best price at this time for investors but few months back even $20k seems too low and good opportunity.So it all depends on time and those who want to invest in long term they will be in profit at $30k or above also so don't overthink about these chart pattern.
They just have to take this example that when people have been accumulating at the rate of $30k-$40k, we've told that it's the best time to buy because it's the lowest that we've seen at that time. Now, we're also going to say the same thing and while those investors have bought at those prices, they have to look at that point that they're looking to bitcoin at its another lowest point of its price. If people have been keen buying by x2-x3 from the current price, they should get themselves out and start buying when it's visible and low compared before. I would guess that it was not a "bad" advice at the time, and the fact is that accumulation is something you do constantly, which means that you could have bought at 30-40k but then bought at 20-30k and now at 16k and keep doing that. It means the idea is not to just find the bottom and buy many there, the idea is to buy as many as you can when you have some money to invest, and do it instantly so that you have more bitcoins. As long as you keep doing that, eventually you will be in a huge profit and that will be great for you. I am not saying it is going to hurt you or help you, but it will definitely allow you to make a profit in the very long run. |
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Despite that some of my Facebook friends are getting insane profits in futures trading, consider themselves lucky. Spot trading is the safest bet when it comes to day trading as futures is more of a gamble. Even if you are setting a stop loss, it’s still a loss.
Expect more losses in futures trading as a newbie or beginner. But experienced ones aren’t exempted, especially some of my friends who are doing futures trading in Binance. They might show off their gains, but refusing to show their losses.
I do agree that it’s just pure luck to a point when we are talking about futures trading. I mean if you are trading with high leverage that means you are risking way too much, sure the rewards would be huge as well if you are right but that doesn't mean that it would be a low risk neither. You could end up losing all of your money with just a 0.1% drop if you are stretched too thin. This is why always be careful about what you are doing, it could end up with a bad return in the long run. I personally agree that spot trading is safer, it could give you as much as 10x return if you buy and hold the right coin and it is not going to be 100% gone most of the time. |
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Adelaide Strikers Women vs Brisbane Heat Women in the match Brisbane Heat Women won the toss and decided to bat. Brisbane Heat Women scored 132 runs in 17 overs. In this match Adelaide Strikers Women bowled hard and Brisbane Heat Women put a lot of pressure on the batsmen in this match. It is performing very well.
Brisbane Heat Women have given a target of 154 runs which is not much and sometimes it becomes a big target. Adelaide Strikers Women already managed to score 76 runs in 11 overs after losing 3 wickets. The required run rate here is 8.78 which is not very high. But they still have the risk. If two more wickets are taken easily, Brisbane Heat Women could turn the game in this match. And after just 4 overs we will be able to predict about the result in this match. Spirited Adelaide Striker fighted back and done amazing job through their power hitters Deandra Dottin 39 from 21 balls through 3 sixes and then Bridget Patterson 45 from 26 man of the match performance from another power hitter Laura Wolvaardt 47 of 45 this was heartbreaker for the Brisbane Heats as they were dominating but at the end lost this close encounter, and now they have to wait for another season for having place into final two were now we have Sydney Sixers vs Adelaide Strikers on 26 November. Now final is going to be the most exciting match of this season as both top rank teams are already in and their firepower is waiting for giving their best for this season's title which could end in any way. |
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This mean you're still supporting top 20 cryptocurrency! Don't get me wrong, but BNB is also created to get more money for Binance since exchange coin is really useless. Don't forget Luna is top 10 crypto before it going to crash, since you're saying it's good to invest on top 20, those people aren't wrong to choose Luna  Invest a coin because they have huge marketcap and high volume is really pointless opinion. I am not saying don't invest into top 20, but I am also not saying you should, I am just saying that anything out of top 20 is out of question, and when we are talking about top 20 then you start to question it. That is the difference between looking into something and not even looking into it. For example, I would have looked into Luna, and decide not to invest, but I wouldn't even look into wave, or anything at that rank, do you understand the difference? Like I looked into bch and bsv as well, or even xrp, and I do not invest into those, bch was like second or third biggest at some point and I did not invest. So, top 20 is not what you should invest all together, it's only place you should look, but could decide not to. |
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It is during bear market you see so many doubting Thomas, many people are not so optimistic about btc coming back bigger, time will tell. I know btc is capable of coming back even stronger and bigger, there is no question about that.
One thing i have come to understand is - no matter how old some people have been in this space, no matter the number of btc winter they have experience, it is still very difficult for them to stomach this type of situation.
My faith is very intact, so far, and i hope to keep it this way. My desire is to detach myself from the market as much as i can (as in keeping up with price).
There is no denying these are hard times, worrying over it won't change anything either, it is better to seat tight and wait for market turn around, we all need patience to get through these days.
I have said this to many people as well, I told everyone that bitcoin will make a comeback and it will be 100k+ but for now people are not trusting that it will, or at least they do not think that it will be anytime soon. I guess that people just don't want to see the potential profit making ability here, and that’s fine and they can think whatever they think, but I believe that it is going to be fine and it is going to be 100k and it will be before people imagine it will be. So, selling at this point is a mistake, people who sell right now are making a big mistake, there should be a lot more people who are buying, not selling and that would be a lot better. |
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It's worse than Mt Gox, because FTX happened at a time when money is fleeing risky assets to the USD.
There is a lot less money circulating than last year because of Fed rate hikes. Not so easy to borrow anymore.
So people that were sitting on the fence wondering if to cash out into USD, suddenly FTX headlines gave them a reason to do so.
It could never be worse than mt.gox, the initial "hack" for mt.gox was 400k bitcoins, can you imagine how big that is? Sure, wasn't as big at that time, but that money is still out there, I am sure some people must be tracking it, or maybe it’s not moving at all, but at the end of the day it’s not burned, it's "there", which means that we are talking about at least 5-6 billion dollars all stolen in a single move right there. And at top prices, this was at a 20+ billion dollar deal, and yet because the price was low those days, it looked like a few dozen million dollars at most. I believe nothing in history of bitcoin world will be bigger than mt.gox ever. |
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I think Elon Musk forgot that he can't eat his cake and have it back. He had fired many of the twitter employees and now the rest of then have decided to resign and this will have a big blow in the tire Twitter as a company with greater effect. I saw the news that he had booked a meeting the employees so that they can have a dialogue on how to resolve the matter.
If these people finally leave twitter, many things will go wrong with bigger consequences on the company. I still don't know why he decided to fire many of twitter employees at the first time. Let's see how this will work out.
You are underestimating his talent, don't forget that he ran Tesla or Space very well and was the richest man in the world at a relatively young age. No one knows the exact story behind that but I believe he is doing his job well. Laying off old employees and bringing in employees is also not new, it is almost a tradition of businesses. If you read the news about Twitter, they also just announced that they just hit a record number of users. The problem with that is the fact that Tesla was not his company, it was someone elses, so it was a company already doing fine, and lacked financials due to building a car costing a ton of money, you need to hire so many people and own so many things all of which costs money, and you can't just sell the car right away, you need to first perfect it. So, he overtook it, and bought it from the owners and acted as if he was the founder, which he is not, he just some rich guy who took it. SpaceX is similar in mindset, other people came up with the plan, and he just paid for it. Twitter was already doing fine, and he overpaid for it, etc etc basically it’s a pattern for him. |
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You are all corporately dressed up and with a whiteboard to teach your nephew about BTC at home , i do not support teaching children about BTC, but if you must teach them i will propose for it to happen in a less serious way than this, using your laptop or casual talks over the dinner table about BTC is okay, just that you may not be able to take photos that way  . Many member's have been making posts of them teaching BTC to their students, friends, nephew, etc, good luck to the lot of you, but maybe posting it is now unnecessary. If you do not teach children about finances early on, then they are going to grow up learning about it too late. When I was just 7 years old my father started to talk about finances, and I learned everything I learn from him, and saving a bit aside whenever you get your salary and consider that never existed was the biggest lesson, if I bought bitcoin with it for the past 7-8 years, today I would be a wealthy man, with tens of millions of dollars easily. However, I wasn't sure so I didn't do it, and that’s why it’s not that easy, it’s going to be a bit of a hard time before I could end up with that much bitcoin but at least I keep doing it, no matter how much, even if it’s just 20 bucks I will buy bitcoins with it when I find some money. |
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Altcoins were born inspired by Bitcoin, so every company launched tokens and coins. Regardless of what the end goal is, I don't think it can be generalized that all altcoins are scams. Perhaps more precisely you could say partially. You are right that Bitcoin is the only one that doesn't have a centralized company, but you should also know that there are altcoins that serve the same purpose as Bitcoin in terms of maintaining anonymity. Don't just because the Luna and FTT cases make it difficult for you but behind the scenes you are still using CEX.
I think the end goal for 99.99999% of the altcoins that was created were to make money for the founder and nothing more. I am not saying that we shouldn't invest into alts, like ETH and BNB are solid ones that I love so much, but people are going down the list way too much, investing into something that is not even in the top 20 or something and then they cry when it goes down. Just realize that nobody has your best interest in their heart, only you have it. So, invest into things that people cannot abuse to make themselves richer. Luna and FTX had that chance, and that’s why they went down, bitcoin doesn't have it, that’s why it won't go down like that. |
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