Bitcoins have already passed the 5,000 $ theory but it's just a hyip. Because people are buying bitcoins to have this free BTG (Bitcoin Gold). And once hardfork is over, I'm sure that the bitcoins will fall and return again at a price of 4,500 to 4,800 $. Before it was raised naturally. So get ready for panic selling after hardfork
Why will people panic and sell their bitcoin when after the hard fork in October we are going to get another fork in November? If anything the enthusiasm to get bitcoin is going to get even larger, especially since the support for the fork agreed in the NYA seems to be way greater than the support that bitcoin gold has and to me that is a signal the prices probably are going to grow even more in the next months. |
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Bitcoin price just managed to surge to another high record this week without the chinese, so I believe the China government must be realizing that their ban on ICOs and crypto-currencies exchange won't affect the bitcoin price in the long run, maybe it is truly better without the china market.
I would not mind if China came back to the market but it is very obvious to me they do not want to play fair they just want to manipulate the market and use cryptocurrencies as they see fit and since bitcoin was created precisely to avoid that then it could be for the best they stay away from icos and that their dominance in the market keeps going down. |
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What you said it is correct but we are still very far to reach that point, when the dollar falls of grace as the world reserve currency the next question is what to do then, and economist have suggested what you are saying using a basket of fiats and creating a new world currency as a result, so what you are saying makes complete sense but you are too early, I do not think that is going to happen in decades or even in 50 years.
To be blunt, mainstream economists have mainly existed to serve the ruling elites. They were in favor of the gold standard when it was operating, but are now almost totally against it. Both times, they were saying what the elites wanted to hear, at the time. World reserve currency is essentially a bubble that is propped up by the elites. The nature of bubbles is that you don't know when and how it will collapse, but you know it will, and that you know the elites and their mouthpieces are always going to be saying everything is fine, before the collapse. So accurate information of this nature is hard to come by. It is also possible that the emergence of Bitcoin has given the elites an opportunity to deflate the bubble preventively. Something of that nature happened around 1985 when a hard landing of the dollar was prevented by a combination of talking the dollar down and forcing Europe to inflate and making their currencies unattractive. A basket of fiat currencies is what economists always talk about (assuming you mean the SDR issued by the IMF,) but we have no history that shows success by a reserve currency issued by a centralized authority without the help of a unified imperial power. Through 500 years of modern history, global imperial currency has always been a combination of state issuance, precious metal backing, and support by imperial power. Over the last 45 years the currency itself went totally fiat, and I don't believe this condition can last long. Of course, the politicians, economists, and bankers are always going to say it will last forever. Do not get me wrong I know they are bought, I was just pointing out the direction they want to go, and we may show to them that has never existed and that is not going to work but those people always think they know better, in my opinion there are only 5 scenarios possible In the first scenario, there is no reserve currency and each country tries to hold the currencies of other countries similar to what China and Russia are already doing, in the second scenario a basket of currencies is created and a new world currency is created, neither of these scenarios are going to work. The third scenario is the one you presented in your first post, the fourth is going back to gold and silver and while you believe more in this scenario what it is going to happen when we get access to the technology to explore the space and get as much silver and gold as we want? I think humans will have at some point to create their own scarcity somehow and bitcoin show to us how we can do it. And the fifth scenario is chaos, which is terrible but I will not discard it. |
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This is what scare me, that i am saving bitcoins bit by bit and one day i wake up and see all of my bitcoins gone. It's happening to people around the globe, as hackers are very active and trying to steal people coin.
The risk of having your bitcoin stolen is not bigger than the risk of having your paypal funds stolen or the money in your bank accounts but the difference is that with bitcoin once that money is outside your wallet there is no way to get that money back, so you need to be very careful, if possible have a hard drive that only contains the OS and the wallet where you store your funds and have that hard drive hidden and not connected to the Internet, that will lower the chances you are hacked. |
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Such laws cast Russia back several decades ago. The world changed and changed every year in a geometric progression. What Russia is doing shows that it is not yet ready to enter a new era and, thus, will lag behind such developed countries as the US and Japan.
Any country not willing to adopt a superior new technology is going to lag behind, look at China, their citizens want to adopt bitcoin but the government does not want this, if the government wins they are going to be left behind and other countries are going to reap the benefits and the investments that bitcoin is going to bring, Japan a neighbor country of China has decided to go in the opposite direction and legalize bitcoin and we will see the benefits of that decision in the next decade. |
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was anyone else expecting the movements to reduce in magnitude as the price got higher? i know things are going slower in general, but it can still add or lose 10-20% in a day which is surprising to me.
and yep. the amount of sellers must be dwindling every time.
I do not think anyone was expecting the price to stabilize when the market went up since the reasons for the instability are still there, one are the whales even if bitcoin has gotten more valuable whales still have the same amount of bitcoin and I could argue they are getting bigger so they can move the market as they please and the second is the untapped potential that bitcoin has, even at these prices more than 99% of the population do not have bitcoin yet and if that changes that is going to inflate the price. |
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It is not lost. It will stay where it is now. And it will not recover. Depending on whether or not the owner has been handed over or given it to people he or she trusts before he or she dies or loses memory. So let's practice to save and tell our secrets to our trusted people so that if something bad happens to us, we will be able to control our hidden treasures.
But that is precisely the issue, if someone dies of a long disease that person has the chance to reveal his private keys to his family members, but if someone dies in an accident that person does not have that chance, now someone may decide to reveal its private keys to his family but you must remember something that has been said many times, if you are not the only one that posses your private keys you do not own any bitcoin. |
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I don’t see the need for you to be worried. Ethereum is the most promising altcoin in the market today and I don’t think any dip/dump like what happening on bitcoin is an alarming signs for collapse.
I don’t agree to those who advice to go invest in ICO that would be a much riskier than holding it. If ever you have decided to do so make a good study about it and research before joining/investing.
Better to be patience and think a positive future of the coins your holding than making an orthodox decision that might be unworthy or even disastrous.
I’m not sure I will use the word promising when referring to ETH, ETH has already delivered on its promises so it is a reality, but at the same time that means that ETH cannot grow as much as other coins since its market cap is huge so at the end it is about what you want, if you want a solid coin invest in ETH but if you want to take your chances then investing in other altcoins can be a good choice. |
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I'm quite sure China will come around because they have all it takes - name it, cheap electricity, population, enough icos. They won't like to be left out from the benefits of bitcoin. I'm thinking they would come back stronger and trying to regulate or license whatever is happening in there jurisdiction as appertaining bitcoin and altcoins.
The bans on icos and exchanges were never about money, it was about controlling their citizens and even more importantly their money, they do not want to lose grip in their country and bitcoin allows the people of China to move their money freely and the Chinese government was terrified about this and that is why you have seen so many actions taken in the last days and weeks. |
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I have 800 waves. Im thinking buy some eth and 200 waves with 0.6 btc. What do you think? buy or wait to fork. I have more btc in other accounts.
If your choice is between ETH and waves I will put all my money in waves, ETH is good but it is not moving much, besides the price is still very high even at this moment, there is a way better chance that waves goes 10x times its value than ETH does and to me that is enough to make me choose waves, even if diversification is a principle of investment what it is the point of investing in something that you know it is not going to give you as much profits. |
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For your $50 is a good advice if you will try to go with ICO coins. You can have some discounts and its cheaper if the project goes well and put in any exchanges that would be a profit for you. Check my suggestion coins today : ETHbooks , Stonetoken , Electroneum and others. For more Altcoins Bounty thread.
This is not a good advice. Your 50$ will earn after some 3-6 months normally if you chose to invest that little amount in ICO. That is too long a duration for you because of your small investment. For me, it is best to invest it in pump and dump coins. If you want, investment in a coin that is going to be joining a big partnership or announcing a big update is also a good move. But with 50 dollars you cannot ask for much, you can invest your money or your time, since he has almost no money then he needs to invest more of his time and if that means that he needs to hold for months to see great profits that is fine, anyone thinking they are going to convert 50 dollars in millions in a matter of weeks is just daydreaming and nothing else. Well. SONM could easily x5-x10 his $50 before the year ends. Then he could either stay on hodl or diversify his profits. I would hodl and put the next $50 into something else that's promising. But whatever the case may be, $50 in crypto is better than $50 in the bank. SONM is a good investment, I do not know if it is going to pump that much but it is definitely one of the coins I’m watching, and this is in fact my point, 50 dollars is not a lot of money so you might as well make a gamble and invest all of it in a single coin, if SONM gets the results you are predicting then he will be left with a bigger and more significant amount of capital to invest in other projects. |
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BTC may not recover, but instead money will flow back to the superior, original bitcoin, Bitcoin Cash. Buy bitcoins now for under $400 again! Watch for the BCC related conference coming up this week. Huge things ahead! Don't be in the dark on these developments!
Always a bitcoin will be a good way to buy when its value falls below the "norm", and it happens quite often for such a coin. Bitcoin cash can never climbed up and its nothing compare to bitcoin the original. Bitcoin now I guess will heading to $5000, this is it price is increasing. Yes buy when the price is affordable before its too late. And this new fork with the Bitcoin Gold scamcoin with make the original BTC even stronger! There is only one Bitcoin. 1 fork may weaken BTC, multiple forks make it stronger.It is odd but this correct, if there was a single fork then that will concentrate the different people that want to destroy bitcoin or at least that want to replace it, but with so many forks those people are going to be dispersed meanwhile the community gets stronger in bitcoin since now there is less division since those that opposed some of the features of bitcoin can go and support those other altcoins. |
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I think it is tough to earn enough with bitcoin only.
You would need some skills, like graphic design or something else to earn a nice amount of bitcoins.
I see bitcoins as an extra besides my regular job
Besides payments with bitcoin get lower and lower, some people say they earn some additional income through their signature campaigns, graphic design or by some other method like selling products and services but as the price of bitcoin gets higher your pay in bitcoin goes down as well, you only benefit from the price increase if you are able to store your earnings and that is only possible if you have another way to earn money like a job. |
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Is bitcoin gold safe with replay and wipeout protection?
What date hard fork is happening?
Which exchanges will give free airdrop of bitcoin gold straight away or late october?
What value you think bitcoin gold will be when it is on the exchanges for the first time and which way is the quickest to dump bitcoin gold?
About the first question, yes bitcoin gold has replay protection, at least that is what I read, second the fork is happening in October 25, third I do not know it is better that you check since different exchanges are going to have different policies and fourth you can check if in some exchanges they already have future markets and the value they have, that way you can check the price people think the coin is going to have after the fork. |
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China has become the powerhouse for Bitcoin (and the whole cryptocurrency in general) as it is hosting many Bitcoin miners due to cheaper electricity and maybe also cheap labors. China also boasts of probably millions of Bitcoin owners and traders who are influencing the moves of the market on day to-day basis. As far as acceptance of Bitcoin in China, it is comfortably good until such time when the government decided that it is time to intervene.
In general, the Chinese government is not comfortable with Bitcoin as it indeed representing a different currency that they can not control with. since Bitcoin is decentralized it would be hard for the government to make interventions and so they are thinking that maybe it is time to ban it altogether. The government can not kill Bitcoin but what they are doing is actually closing the country as a market for Bitcoin.
So the question is: Can Bitcoin survive without China? In case, it can't then then there is something wrong with it since it is not resilient to ride the big storm it is in.
It's like "they don't really know what hit them" scenario. Banning Bitcoins will not affect the cryptocurrency world or even weaken the solidity of bitcoin because i don't think Chinese owns the biggest percent of Bitcoins in the market. Yes they can ban Bitcoin forever but doesn't stop BITCOIN. Though bitcoin suffers a major downfall on that action by China, still, "The currency for the people" has its value skyrocketed once again and that its value may even reaches 5K USD before this year ends. It is incredible that despite all the efforts being made in order to stop bitcoin, despite all the FUD, bans and forks, bitcoin has reached an all time high that just a few years ago would have seemed impossible, I think we may be on the verge of bitcoin becoming unstoppable, nothing seems to have a long term negative effect on it, it is true that the price still goes down with bad news but immediately recovers, what will happen when governments finally ban bitcoin and bitcoin remains unaffected? |
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Everyone dreamed of getting wealthy who can do anything at all out of the richness. Nevertheless not everybody is fortunate adequate to turn out to be wealthy. Occasionally, we just depart it to God or leave it to luck. Every day is constantly a battle and aspiring to turning into rich is receiving challenging everyday as the commodities are also likely so quick.
Those that become rich did not become like that through luck, while luck is of great help, they have a plan and most of the time they follow it and in case something is wrong with the plan they are able to make adjustments and change it accordingly, you need to begin to plan to become rich, as I’m in this forum I think I do not surprise anyone if I tell you that bitcoin is a great part of my small plan to become wealthy. |
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As far as I know there are no such thing as taxing when it comes to all cryptocurrencies as a whole and I don't believe that its possible to tax them unless you government has legalized all cryptocurrency exchange sites and wallets which will be pretty hard to accomplish thanks to the blockchain.
Many people in the forum think of the day they are going to become rich with crypto, and that is great but lets suppose that your dream comes true, how are you going to spend that money? If you begin to buy stuff that you cannot afford the government is going to come and ask where are you getting your money, you will need to pay your taxes eventually so it is better to be upfront and do it and then spend your money as you want. |
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Any theories on what caused the sudden spike in price? Do you think the price will hold over the next few weeks? Any speculations for the future?
Big day for BTC, I remember reading threads in 2015 about how "one day BTC will be over 5k USD"... today's that day
The most likely explanation is that people are getting bitcoin in order to get bitcoin gold as an airdrop, then they are going to sell that altcoin and get even more bitcoin and since another fork is coming after that, the same is going to happen and then we are going to get to the end of the year in which bitcoin has a tendency to go up as well, I will not be surprised if we saw a price of 7k or 8k before the end of the year. |
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Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess.
And now you're up 6%. Lesson to learn: HODL. It is incredible how a single trade can teach you so much about bitcoin, and if we are honest, bitcoin seems like it is going to go up once again, bitcoin gold is going to be nothing but a way for people to get their hands on more bitcoin and it seems the segwit2x fork is weakening with each passing day, so things are really looking good for bitcoin despite all the bad news and FUD we had in the previous weeks. |
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Well, from my point of view, a great deal of ICOs are questionable. I'm not saying that they are a scam, but they look shady nonetheless. It's relatively easy to distinguish a SCAM ICO from the rest if you have a trained eye and some experience. Shady team, lack of information in the whitepaper, even the website itself can tell you to stay away from that ICO. On the other hand, a great deal of ICOs performs rather poorly. Only a few of them manage to raise sufficient funds or even reach 100% of their intended goal. Maybe it boils down to marketing, and which ICO sparked the most hype. I even made a super simple infographic after looking at this week's data, take a look:  From this chart, only 1 managed to raise most of its funds. 5 of them performed really poorly and 6 of them didn't even bother to provide information on how much they've raised, so they might be scam, perhaps. Anyway,I'm not particular with ICO but I know that this isn't a scam because if you try to look on things,several people are into ICO. This means ICO has a beneficial effect towards investors or other entrepreneurs using this altcoin in cryptocurrency. We are already aware of scammers but it's difficult still to pint out which one/ones. Consequently,ICO is not a scam but try to contribute an evidence if you have experienced a scammer of ICO. He explained that in his post, a shady ico is easy to distinguish, if it has devs no one has heard about or even worst if the images are fake and the devs are not even real, if the website looks unprofessional then that is very telling if they cannot create a website how are they going to create a good product, check the ANN thread as well many other members of the forum will check it and will be able to tell if the coin has merits or if it is just a copy of another project that already exists. |
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