I don't think anyone here will be able to provide you the best possible move from current levels. If you haven't bought in yet, use a small fraction (max 25%) of your balance to buy in right now. If you bought in well under current levels, then the same applies but in the opposite direction. Secure a small fraction just to have some fiat aside for when the price tanks, that way you'll end up with more Bitcoin.
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It's even easier to buy gold and to be untraceable compared to Bitcoin. You can't transfer instantly yes but it's not a problem for them, they are not looking for a Paypal alternative
Gold and cash are just as decentralized as Bitcoin, but offer way more privacy because there is no way you can track transactions conducted by criminals who exchange these assets somewhere outside in a parking lot. I can buy gold without an ID from local jewelry or pawn stores (of course not an infinite amount), while I can't buy Bitcoin as easily. The only way to buy Bitcoin locally is to search for sellers around you that are trusted enough. People credit Bitcoin too much for its usefulness and privacy that it offers to criminals, while Bitcoin in reality is a horrible tool for that. If people understood how Bitcoin worked they would know that as well.
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For now maybe but what about in the future where cash/fiats will slowly be extinct because it will be replaced by cryptos ? For sure people will start to crawl back on cryptocurrencies .
I don't see crypto form a threat to government issued fiat currencies because they are and will remain the most useful and convenient forms of money. All crypto does is add problems instead of solving them. Sure, crypto is decentralized, which is a great selling feature for us, but who of the average joes care about that? They just want a form of money that works and is stable as per its unit value, and that's what fiat offers. People are incentivized to hoard/save everything that's scarce, which is Bitcoin, but spend things that aren't, which fiat is part of. I find gold a way better selling feature than Bitcoin being a currency as main selling feature.
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He said that who makes trade of cryptos are turds. Why the hell the news channels about bitcoin post such news?
Because they know that Bitcoin enthusiasts will be triggered to share these articles in an attempt to show how stupid Buffett and Munger are. In other words, it's free and smart marketing. Just look at how people on social media have gone nuts on this article where they all rehash how stupid and ignorant these two traditional investors are. It's almost funny reading through some of the comments. That being said, I don't really see anything wrong with news outlets posting these articles. This is way less worse than when Munger said that trading Bitcoin is similar to trading harvested baby brains.
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I think some exchanges have notified CZ already that they will block those addresses, but I don't know if he has discussed this to some known mixers to block it as well.
If you look at the outputs, two of them went to 3BMEX addresses, which I find very strange if these turn out to be actual BitMEX addresses. My first thought is that it is an utter stupid move from the hackers. My second thought, considering that it only concerns a small amount, is that the hackers are testing how an exchange as BitMEX reacts. More like will the funds be blocked immediately or can they freely withdraw them... As for the mixers, I doubt they will respond to such requests. If they are really valuing people's privacy, regardless of the coin taint, they'll mix it and let the 'clean' coins be withdrawn.
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hi, in my opinion if it wasn't limited to 21m, then we won't seen the price of it even grow. just like a Fiat currency that if a government keep printing them the price of it falls and there will be stagflation in the country.
Bitcoin is in its very early stage and for that reason the limited supply isn't the most important aspect of buying it. Ethereum has no limited supply, yet it kept going up hard because the demand greatly exceeded the supply. With how crypto in general grows, and as long as the rate of inflation isn't an exorbitant percentage, the increasing demand will always outperform the rate of inflation, and I don't see this end in the coming 10 or so years. Eventually it will matter, but for now it really doesn't. Bitcoin is a tiny drop in an ocean of capital that need a regulatory framework to consider it a safe and interesting enough asset class to allocate capital to.
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But we know not many people who can buy low and sell high, and many of them have big greediness in trading, so they want to make a bigger profit.
As long as people think the price going up means Bitcoin is doing well and the price going down means Bitcoin is doing bad, nothing will change. These people only pull the trigger after having seen the price go up a lot. By the time they gained enough confidence to pull the trigger, they usually buy around the peak of a bull run or rally. It has been like that in the stock market as well--average joes are average joes in any type of market. As for the greed, even the best traders struggle with that. It also heavily depends on someone's mood, so regardless of your skill level and market understanding, if you feel shit, you can't make rational trading decisions.
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I don't think they will. Speculators will always go with the flow and pay up whatever gets them a first-next block confirmation. It was like that during 2017s bull run too and we still reached insane price levels.
The only thing it will do is once again point out that we need larger blocks. People can hype up SegWit as much as they want, but it's not going to prevent the fees from reaching $10-$20 again, especially not with an ongoing spam attack.
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We could argue about how even the current price (5.8k) is cheap considering that it possibly go up to 20k again, but to maximize profits, the smart thing to do is buy while is cheap, not on the way up.
I don't understand why some people still look back at the $20k peak and think it has much importance. It was reached while we were going through a massive ICO bubble where it didn't matter what price people bought at. All people cared about was to buy $10k worth of Bitcoin or Ethereum and convert it straight to whatever token people were interested in. The price of Bitcoin and Ethereum didn't matter at all. Right now the price does matter because there is no ICO bubble. If people buy Bitcoin, it's purely based on Bitcoin and nothing else. In other words, if we reach higher levels, it can be seen as a new all time high based on legit demand.
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By the way, mass adoption won't stopped volatility but will probably slow it down.
Volatility is a very subjective term because your volatility might not be similar to what I believe is volatility. Good example is how people believe fiat currencies are very stable, while that's not the case at all. One of the main utilities of fiat currencies isn't just being money, but also functioning as speculative vehicle. Being a speculative vehicle comes from the volatility fiat currencies offer, and institutions bank on them every single day. I think that if we reach gold level stability it's more than enough to serve every corner of our economy. I don't see it being possible that more stability than gold is a target Bitcoin will ever achieve. We have to be realistic.
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There is no such a thing as 'not proceeding with a roll back'. This CZ asshole figured out that he couldn't get it done and therefore put his re-org plan to bed.
I had a lot of respect for him, but lost it all and will stop recommending people to use Binance as exchange. Toxic son of a b....
I don't think he intended to inflict harm on Bitcoin. It was a very impulsive thought that popped up in his head he now seems to distance himself from. He always tries to come up with ways to solve problems. Some times these ways are viable and some times they are not. CZ figured out that even he as most influential exchange operator couldn't get this something done. I am glad that this happened because it's an important lesson. CZ admitted in one of his Tweets that Bitcoin's ledger is the most immutable ledger on the planet. He understands it now.
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they can even introduce Bitcoin-like platform to counteract the growing Bitcoin influence. What is good here is that competition always makes the consumers or customers the ultimate winners.
The only thing banks need to do is fork XRP and have enough other banks participate in the network to create a much faster banking system. I strongly believe that they are already working on it in the background. XRP is a centralized coin that doesn't offer any advantage other than being 'better' than what banks currently use to move value. Nothing prevents them to improve that protocol and give Ripple the middle finger. Also, I doubt customers will benefit from competition with how banks haven't really been keen on competing with others based on fees, where on top of that, in-country value transfers are mostly free already. So what's here to gain?
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I doubt Bitmain cares much about the drop in hashrate with how their main pools still are the largest in the network. It would be healthier if their pools lost network share, but external miners keep pointing their hashrate to them....
That being said, Bitmain must be doing horrible selling new mining gear with how the hashrate hasn't seen an increase in like 6 months. Only a bull run will be able to lift their sales, otherwise their problems will continue to pile up.
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Yeah, it's a little annoying to see that Bitcoin is being portrayed as a way to scam people for some but in truth, it is a revolutionary technology that could change the world. Bitcoin could be use in more ways. Bitcoin is going up again so we might hear more FUD coming.
It's not really annoying for me. I see it as ignorance, and this ignorance is exactly why you can still buy Bitcoin faaaaar below the $100k mark. Instead of seeing it as something negative, see it as an opportunity to accumulate. By the time these people finally change their opinion on Bitcoin they'll be buying Bitcoin at +$100k levels because there is no way to ignore or trash it anymore. We are the true pioneers of this economical revolution, don't forget that.
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LOL, are you willing to invest in that IEO? Very sketchy and I think they know what's coming to them, to need to have a plan B to cover up. So if you are a smart investor, you should know that this is just garbage and this doc is more of hyping it.
People here have proven to not be smart. I have been warning against exchanges like Bitfinex for a long time now and it all seems to be a wasted effort. People somehow want to lose money.... If you think logically (which is difficult for a lot of people here), this exchange and everything related to it isn't even worth a billion, so why should they be able to raise such an amount just to cover some of their debt? It makes zero sense at all from a logical perspective. It makes a lot of sense for the operators behind Bitfinex because they can expect one of the best paydays ever without much effort.
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IEO seems to be the most effective method of raising funds now, but actually if I will invest I choose a site where I will participate. Respect to people who choose yobit but in my own opinion if there are better sites that offers like Binance, then I would choose the better one.
Binance is by far the best exchange to choose, but also the most impossible one when it comes to buying into their IEOs. Tens of thousands of people and bots are competing for the same IEO, good luck with that. The same applies to Bittrex. Just try to buy into an IEO on these exchanges and you'll see for yourself. Mission impossible. Free money is what people see and that's why they dump the moment the IEO becomes tradable. Not sure about Huobi and a few other Asian exchanges when it comes to IEOs, but I don't trust them at all. If you're sending funds over to these exchanges then it's similar to Russian roulette.
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50k usd is only possible maybe on the next 10 years and if the bitcoin is already legal on all parts of the world because that will only trigger mass adoption
We reached $20k with close to no real regulations or legal aspects, and if exchanges weren't so incompetent, and altcoin scams didn't swallow billions in user funds, it would shoot Bitcoin past $50k effortlessly. From $20k to $50k is a minor change with how little supply there was available and how high the demand was. I couldn't buy Bitcoin from my local exchange at spot value. The average price there was spot +10% premium. The scenario you are describing sounds like it will result in Bitcoin being worth a few hundred k. Being legal means institutions will be free to pour in as much money as they want without worrying about regulators.
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I think we have managed to hit second biggest day in bitcoin history as transactions. I couldn't find some sort of top 10 type of deal and I have been checking it on blockchain itself but from what I gather even our peakest of peaks we have been on average 300k or similar, we had one other day that was 490k transactions but right now I see that may the second had 450k which is insanely high if I am seeing it right.
It was a combination of an increase in hashrate and an increase in miners luck that made blocks be generated faster than usual. Right now we're hovering around 350k again, which is about normal for Bitcoin. Bitcoin needs to scale more on-chain to push the number of transactions over that 450k mark consistently without relying on hashrate increases and whatnot. SegWit is stuck on a 20ish % block size increase for a while now....
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That's also why, although many don't like to hear about that, we may need proper regulations for these markets.
We'll get there eventually. We can't expect regulators to keep up with everything that's happening in the world of crypto. I'm sure that most people here don't even know what's really going on here and how things work. Japan has improved a lot in that field, which people didn't like at all because of how strict they have become. I don't see it as a problem at all because that's exactly what this industry needs. People don't like regulators being involved, but do want to see the price pump to the moon, and eventually become a stable asset class. You need institutional capital to achieve that. Retailers alone won't cut it.
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I have been a Blue Wallet user for over a month now, and I can say that it's by far the best custodial wallet client out there for LN. I have been tipping people through Tippin like crazy and bought gift cards through Bitrefill. I also fed some chickens, but the thing here is that so many people are feeding them, that the chickens barely have any interest left to run to the food dispenser the moment it start raining seeds and whatnot. If future LN wallets get as user friendly as this one, I'm sure that even the most basic folks won't struggle moving satoshis back and forth. Simplicity is all we need and this is as close as it can get where we are right now.
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