When can we expect the Bitcoin rally? Bitcoin experts expect a major Bitcoin rally in 2020, if we look at the historical evidence, it’s likely that we’ll already start to see price gains now. However, the bull run will probably only hit after the halving in May .
When the last halving occured, I was sitting in front of my computer, expecting something miraculous to happen. But when the blockchain reached the barrier, nothing happened to the price. I was really disappointed. The real rally happened during the months before the halving event, while after it nothing spectacular took place. I would not be surprised if we see similar events in the next six months. History has a tendecy to repeat itself.
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Meanwhile, I will advice them to set atleast 30 minutes post gap.
There we go - pretty decent idea. Yobit (or any campaign for that matter perhaps?) should count a maximum of 1 payable post per 30 minutes or maybe 3 per hour (1 every 20 minutes). That would be a great idea. I massively doubt they're going to allocate the amount of time needed to check that. Considering the number of people who've piled in they'd need to tie up an employee not too far off full time. I'd be very interested to know what resources they have chucked at it. They may only rely on complaints or just keep going without looking at anything until it reaches a critical mass of annoyance. I am still a member of the old campaign, and there the counting was done by a bot. I think that it can't be too difficult to add some code that measures the time between posts. This way a 30 minutes gap for paid posts would be easy to controle. I find this a good idea!
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Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much. A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
This is a very bad idea and would destroy the trust in Bitcoin. If you start forking coins out of the network, that would be the beginning of the end. Nobody has the right to decide at Bitcoin which coins are ok and which are not. Once the coins from Satoshi have been foked away, which coins will follow? Yours, mine or which ones? And who will decide that? As you can see, such a move would destroy the credibility of a decentralized currency. Even though Satoshi's coins seem like a threat, they're not. I see it the same way. Messing with the blockchain is the end of bitcoin. This is exactly what Satoshi wanted to prevent when he started bitcoin: a system where the flow of money is regulated. The only reason why forks should happen is to improve the programming, not to tell who can own what.
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HODLing is my expression of believing in bitcoin. Not only believing that the price will rise again. I believe in the idea of a money system without banks. A system that everybody can join and where everybody has the complete responsibility over his doing seems right to me!
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Bitcoin only gave me advantages so far. I never got scammed, nore did I participate at any of the panic sellings that occured. And although we have a bear market at the moment, I still think highly of bitcoin. I think that a realistic estimation is the most important thing you need in the world of cryptocurrencies.
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My personal opinion: claiming to be Satoshi and writing a book would be a good way to make a fortune. All you need is time and solid knowledge about bitcoin. Mining needs a big investment in mining equipment, trading is risky, so why not write a book and use the name Satoshi as advertisement?
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The whales who existed became incredibly rich. I can imagine that at some point they lost interest in the market and turned their attention to enjoying their lives. To me the crypto market has the same laws like as other market, only here everything works much faster.
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Most stores do not accept crypto currencies. At some point you need to convert crypto into fiat in order to buy the stuff you need from such a place. And mostly fiat is the currency you need when you buy crypto in the first place.
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Of course with such a large number of number of crypto currencies it is becoming more and more difficult to have an overview. But exactly because of that, I think the number will decline. Those currencies that can not attract people will vanish. A crypto currency has to bring something with value to the table. That gains interest, and those currencies will survive. In my eyes the selective forces of the market will sooner or later determine the fate of every currency, if it can survive or not.
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I would like to know from the campaign members, when was the last time you able to withdraw some campaign money? To me, the last time was in the beginning of march, so almost three months ago. Has the campaign wallet been filled somewhen in the meantime and I missed it? At the moment I am not online here as much anymore as I was in former times, so I can't tell if yobit really took such a long time out in refilling the wallet.
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To me the high fluctuations are still a sign of uncertainty. That is why I suppose the crypto world could become more stable once it is clear how regulations in the major counries will definitely look like. But a stable crypto world? That is something I do not think we will ever see.
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I think it would be hard to teach crypto currencies in universities. The basics, I think that everybody who is able to visite a university can get that knowledge by himself. And the developements in the world of crypto currencies, I think that they happen too fast in order to be tought in a seperate subject. What I can imagine is that crypto currencies can fill a few lessons somewhere in the economic region.
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I think that there are only two ways to avoid the feeling of panic. On is to have already gathered a lot of experience with crypto currencies. Then you know that the charts can go down, but they have always come back in the past. This way you can look back at personal experience, and that is something that keeps people calm. And the other way is not to look at the charts after investing. If you do not know a panic selling is happening, you can not participate.
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Personlly most of my investments are long term. Bitcoin does not make a difference there. That allows me to see the advantages of the investments I put my money in, not so much the current market situation. And the advantages of bitcoin will still be there in ten years. But the numbers of newly mined bitcoins will be much smaller than today. In combination that makes bitcoin to me a worthy investment.
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I think that at this point bitcoin still needs to be volatile. It is part of volatility that the price goes down, not only up. But exactly those up and down movements draw the attention of the media, bitcoin gets publicity. I think that without public notofication, the price would only go down. And regarding the altcoins, I think that most of them can not be compared with bitcoin. They were designed to fill the pockets of their creators. Once the did so, they have outlived their usefulness, so they crash. Bitcoin was created to have a money system independent from banks.
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I think that this new wealth for many people came from all the crypto currencies, not only bitcoin. If we had no trading options of bitcoin against altcoins, I am sure that the popularity of bitcoin would not be as high as it is today. So would be the price. And many people made their wealth exactly by trading. So when we speak of the success of bitcoin, we speak of the success of the cryptocurrencies in general.
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I do not see any odd behviour of bitcoin. It does what it always does, sometimes it goes up, sometimes down. Two weeks ago we were above 11K, now we have about 8K. That is volatile, and volatility is the nature of bitcoin. The problem I see is in the peoples mind. Every drop has to be interpreted into an end-time-scenario. But when something is volatile, drops are part of the game.
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I somehow see bitcoinmore as the investment type under the cryptocurrencies. And I do not think that the Lightning Network will change that, as fast and cheap as it may be. For payments made with a cryptocurrency I see other currencies, Ethereum for example.
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Bitcoin has value because it gives many people opportunities. There are a lot of people who are able to create an income for themselves and their families because they work with bitcoin. Otherwise that would not be possible for them. These people will stick with bitcoin as long it is possible. And that is another value of bitcoin: it has a community!
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When you pay cash you always have to do that face to face. And when somebody has seen you, you are identifiable. When you use crypto currencies you have to give your business partner at least a wallet, and that might be tracable back to you as well. I think it is a question of personal taste under which circumstances you feel more anonymous.
A blockchain backed up by gold, I think I have read that in Venezuela they have plans to launch something like that pretty soon. Within a month or so, because their oil backed up blockchain had a good start.
And the 85% cash transactions, that differes in every country. In Sweden there are only 5% of all transactions still cash. Some banks there do not even give out cash anymore because nobody wants it there.
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