Let's get some btc then. Its tanking and these rich guys buying at the moment.
And small investors started to panic.
Trading need patience and strong nervs.
That's why weak hands are really the victims here. Casual and small investors are evidently selling as well because they are scared as shit that their investment as going red so they try to exit than rather risk losing everything. But the more they sell the more those whalers are laughing at them. Yes, in trading you really need to have the nerves to not be move by this price shift. I'm seeing that a lot of newbies will regret their decision at the end. So should hold and if you have extra funds in you, buy in this dip. Let all of them said negative things about bitcoin, because the more they did, the more the prices could go up in the future. I think as well that many newcomers have lost money these days. And I suppose, once they are out, they will stay out. Their money brought bitcoin to its highest point, and it will take time until new investors will fill that gap. But I do not think that bitcoin will go down too hard. There are so many people holding bitcoin long term. They will not be affected by one interview and a few rumors in China. |
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3800 seems to be pretty strong as for now, let's see what comes next - 4400 + or another dip to 3300 ?
Unless relieving news come from China best scenario is dead cat bounce to about 4000$ ( max. ) and price between 3400-3800$ for the rest of week. Very bad news can drive the price down to about 3000$ though. imho The funny and sad thing is, the news doesn't even have to be confirmed/legitimate for it to affect the price. It's pretty obvious how much ignorant people are invested into bitcoin and other cryptocurrencies. They just read a negative post of bitcoin from Wall Street Journal then BOOM. People start selling without even thinking twice if the news is legit or not. A perfect example of this is Charlie Lee's tweet spreading FUD. What might be a little unfortunate for the further developement is that the newcomers who bought high and sell now low will not come back. They will leave with a negative impression of the crypto currency world, and they will share that impression with their friends. That kind of bad publicity will need soem time to get out of the peoples heads. Personally I am countig on businesses and banks to enter bitcoin in the near future. They don't get scared so easily. |
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As long as bitcoin rises it is an asset.
Using a product for payment that is rising in its value, that's something you only do when there is really no other choice.
Most people have the choice to use the local fiat as a payment. That is one reason why the bitcoin increased its price on such a large scale: people had no need to give it away.
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I don't think it's a declaration of war, it's the opinion of this one guy, maybe the opinion of that bank.
That is what that organisation does. It looks at businesses and gives an evaluation. And not every evaluation is positive.
It is up to the bitcoin community to prove him wrong.
Nobody is forcing anybody to sell, all the owners sell on their own free will.
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It is tricky when you are new to this kind of business. Time always seems to be running out, forcing you to make quick decisions.
But with having bought at 4600, I would not worry too much. At least not on the long run.
Don't let irrational emotions fool you. The market is unstable at the moment, but when things are a little more clear again, it will get back on track.
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My coins stay in my wallet. They are an investment, so they will stay there for a longer period of time.
I think that the time when bitcoin was considered to be a currency are gone.
The general trend for the bitcoin price goes up. Small setbacks can be used by traders to make profit, but I am not one of them.
So using my bitcoins as a currency and payment, that would make me feel like wasting them.
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Bitcoin is moving around 4K at the moment.
In general I would like to mention that all this fear about the falling price is complaining on a very high level.
Look six weeks back, we were at about 3K that time. And now we have all this fear and complaining when we are at 4K.
I can't shake the feeling that people are expecting a little too much form bitcoin.
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Some bitcoin users told me not to do transactions in these couple of days because hackers are active these days. I want to know is it true? or some kind of rumor? Anyone here who have faced such problem?
Hackers are active anytime as long as your account are not protected and your passcode hard to decrypt. Always practice precaution and avoid visiting and downloading malicious site with weird contents. I have not experience anything as such and hopefully not in the future. Hackers have a big role to play here and hackers have always been there and will continue to be around and it won’t end now because we usually ignore simple things like making security checks like checking correct spellings and most of the time we choose to fall for empty promises which are too good to be true which makes it easy for these guys to hack. Exactly. The hackers do not only work with software anymore. They try to work the human target. Pretending to be a friend or girlfriend they try to get the trust of the victim. Often with success, because they are getting more and more experienced in what they are doing. When you look at this new set of skills and their already existing capabilities in programming, a normal person needs a certain amount of paranoia these days in order not to become one of their victims. |
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I think that paper money can't dissappear, because there always will remain people who don't trust these 1s and 0s and prefer matter. Just like books won't be replaced by electronic books totally. However, maybe paper money will become some sort of a rare thing and most of people will use cryptocurrencies.
I think that paper money can disappear. Everything the central bank would have to do is to say that after a certain date it's no legal form of currency anymore. India did something similar like that last year. Of course, within the next ten years that is not going to happen. But the percentage of payments that is done in a digital form is increasing every year. There will come a day when most people would not even take notice if cash is removed by the central bank. |
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I think that most of the early adopters sold their coins early, not later than at the end of 2013.
I am sure that nearly none of them would have predicted that bitcoin would take the developement it did. I would have sold as well.
Maybe some keys of early adopters got lost as well during time.
And I have read that story about this one guy whose coins got stolen. He would be nearly a billionair by now.
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It think that not much would happen at first. The price would fall, yes. But just because something is declared to be illegal, it does not mean people don't do it anymore.
Miners have their mining hardware, that hardware can't be used for anything else.
They would keep on mining until somebody pulls the plug that provides them with electricity.
Then bitcoin would have the real problem because no new blogs would be mined, no transactions could be made.
That would be kind of the end then.
Of course that is never going to happen!!
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Why wait for something when you can buy bitcoins for cheap right now.
OP can wait in November to buy cheap coins, uncertainty is not over yet and bitcoin will slow down its price increase until November Besides, when we get to the end of the year, people sell btc to have fiat, to buy your things by the end of the year. I think people will buy much coins before the fork. Especially traders. After the fork you have both, bitcoin and the 2xcoin but you only get both if you own them before the fork. And I don't think that their combined value will be lower than the bitcoin value was before. |
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Bitcoin is not just a currency/investment.
It is a story as well.
A story about an invention for small people that helps them to rebel a bit against authorities. People like stories like that. It's a good seller!
With every government that tries to intervene in the usage of bitcoin, that story becomes stronger. And the people feel more attracted to it and join.
I think if governments try to stop bitcoin they will reach the opposite in the end.
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I'm not very much of a good teacher.
Mostly I talk to colleagues and friends of mine about bitcoin and crypto currencies in general.
I suppose they already got bored of that topic by now.
It's not that easy to spread knowledge if there is no real interest by the people about the subject you are talking about.
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I don't think it's an 'either or' question.
Like every other investment it's worth thinking about spreading your resources.
There are many crypto currencies out there.
I think the crypto currencies, at least the bigger ones, are complementing each other.
So investing in different currencies means minimizing the risk.
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I have already read that the owners of some exchanges have already asked for a trading license in Hongkong.
Although Hongkong is part of China, they are an autonomous territiory as well.
It seems like the exchanges can keep on going if they have that license even if the central bank of China wants to shut them down.
Of course this is just a precaution because of all those rumors.
Maybe even just to calm the market down.
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Yes bitcoin can be 5000$ again and i think on December bitcoin reach 7000$. Bitcoin now is the best to hold for a long term because everyday users increasing. And many people want to learn bitcoin.
I didn't ever heard the price of bitcoin already reched $5000. Or i just missing something in the market. But we must pass the china regulation about the crypto to make the price of bitcoin to the moon. Me too, I never seen bitcoin price reach $5000, because all I know is close to $5000 and if I am not wrong the highest peak that reach bitcoin is around $4800 to $4950 correct me if I'm wrong. But we still hoping that bitcoin value was raised up to $5000 or higher than that before end of this year. I think the bitcoin price is never reach $5,000 in this year and yes the highest peak is around that $4,700+. My prediction is the price of bitcoin can reach at least $5,000 in the end of this year, we never know actually but if there is not something bad happen, so we can reach $5,000. I am convinced other wise. I think that we will see the 5000 again on October. We had a few setbacks the last weeks due to regulations and rumors. But in a few weeks, that will all be forgotton by the investors. Bitcoin is a fast living business. Right before the fork, many people will want to have bitcoins in order to get the 2x coin during the fork as well. I think we will be close to 6K, or even above it by then. What comes after the fork, I have no idea. Can't even tell which coin will be named bitcoin after it. |
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Bitcoin is still a risky business, so only a small part of my investments are really there.
Investment needs a balance between the risky things that can be very profitable and the reliable things that will not lose value.
Putting everything on just one card, especially if it's the risky one, that does not strike me as a very good idea.
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I think that bitcoin can exist without altcoins, and altcoins can exist without bitcoins.
Of course, a vanishing of bitcoin would bring the price for the altcoins down, I'm not so sure what a vanishing of the altcoins would mean for the price of bitcoin.
I think you could compare it to Dollar and Yen. Remove one of them and it affect the other one, but it would not extinguish it.
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
It is volatile because it is dependent with its market demand such that if the demand is high, its value be expensive. And since the demand changes from time to time, its market value will also too. But you don't need to hesitate wheether to biy or not because if you have patience you will earn huge profit in the future since Bitcoin is continuously growing in all aspects from its market demand upto its market price. I think you are correct. The reason why the value of the bitcoin is volatile is because the price of the bitcoin is depend on the demand of the people. The demand of the people nowadays to the bitcoin is so high and it is the reason why the bitcoin today is expensive. Generally this is the reason of the volality, but the demand of the users is technically affected by many factors. First as we have experienced, the factor of the news events exaggerated by the media like geopolitical events and announcement by the government. This is the main factor right now why the price is not comportable with its current price right now. Or other news like security breach can also affect the "demand". With all these fear, minority or majority of the user's might sell out their their coins which can give "more supply" available in the market added those btc that are freshly mined. So the price will go down. And after the price goes down, this is the time where majority of the traders will buy until they made the supply low. Then they will take profits so a sell out will happened. And that it the cycle on why bitcoin is so volatile.  . This also happens to gold but it is not that volatile because it has been established for a thousand years. This is what happens to Bitcoin right now, as years passed by "according to studies" the volatility of bitcoin is reducing. That is about the same theory I have: there are too many emotions in bitcoin. Emotions need time to cool off, but bitcoin knows no breaks. The exchanges are online ever! That is creating a lot of pressure, especially to unexperienced holders. They see a trend, get the feeling that they have to do something, and make very often the wrong choice. |
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