Bitcoin Forum
June 22, 2021, 10:27:41 AM *
News: Latest Bitcoin Core release: 0.21.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 293 »
1  Alternate cryptocurrencies / Altcoin Discussion / Re: Be Prepared for the big dump. on: June 21, 2021, 10:18:50 PM
I don't really care about the big dump because i want to hold my assets for very-very long term and my goal for bitcoin is more than $100k, i know it will be very long ride but its ok, i don't really need that cash right now.

Its easy if you didnt need cash, sadly most of us cant hold with that condition. Do you have plan to averaging down while dump happen or just a pure hold till the price pump?

I always make sure that I have enough money saved up to survive 2 years without having to sell anything. The last bear markets taught me to do so.

There are some things that you can be certain when it comes to crypto. One is that it always comes up and down, so if you feel bad and at a loss just hold it and it will eventually go back up.
The other that when you feel like the world is coming to an end because you've lost like 60% of your money it usually means that the sell pressure is coming to an end. Don't make the mistake of selling when the market is down 60%.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Elon Musk manipulating the market? on: June 21, 2021, 09:54:56 PM
No, he doesn't manipulate the market through his tweets but all those ideas made several people rant on their assets.

OH, so that's why the SEC is after him and that's why he had to pay a fine to them 2 years ago, because he doesn't do anything wrong and it's all people saying bad things about him.  Wink

Quote
Elon was only speculating, and I believed that he also holds bigger quantity of cryptocurrency.

Yes, he was speculating for his own benefit and at other people's expense.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: If Musk doesn't tweet Dogecoin, can it still soar? on: June 21, 2021, 09:36:21 PM
Why wouldn't it continue to soar in case that happens? Early on, Dogecoin was made just for fun. But now, things have gotten really serious. Elon Musk helped it rise a lot. Now, it is a well-known cryptocurrency.

Musk helped it rise and then he helped it fall.

Whether you'll see dogecoin soar will depend on the price you bought in. It will probably pump again but whether it'll go to a new all time high is another thing.
Manipulation like the one Musk did scares off investors and makes them avoid an asset. IMO musk did more bad for doge than good. He mad it pump fast but destroyed the image of the coin by doing it.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Are all altcoins dependent on Bitcoin? on: June 21, 2021, 09:25:12 PM
It seems that, I often see the same movement between the two, it looks like bitcoin determines the direction of the altcoin next time, you can see for yourself, if understanding this secret it seems like trading cryptocurrency is not difficult. but you have to know when to enter and not greedy.

And there's a simple reason for that. The market depends on investor attitude and bitcoin is the trust builder. If Bitcoin falls it's seen as loss of trust towards cryptocurrencies and people get rid of everything.

Laws around the world are also made for Bitcoin but they affect the whole market. If a country bans bitcoin it will probably also ban altcoins, but if it legalizes bitcoin it will not make altcoins illegal. It works both ways.
5  Bitcoin / Bitcoin Discussion / Re: Elon Musk: Tesla Will Start Accepting Bitcoin For Payments Again on: June 16, 2021, 07:13:36 PM
I'm fed up with Elon and his manipulation. People know he's full of shit and will no longer buy because he tells them to. The market is going to ignore him more as time goes by and he's going to eventually have to pay for this pumping and dumping. The SEC is already watching him.

That explains why the market went up today. Looks like someone's gonna take profit again.
Maybe the market went up because we are still in a bull market just in a cooldown phase of it, like in Spring of 2013 and again in Spring of 2017.
6  Economy / Services / Re: [OPEN] Kardiachain Signature Campaign | Accesible Blockchain for Millions on: June 16, 2021, 06:56:17 PM
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=930591
Current amount of Posts (Including this one): 5844
Segwit Bitcoin Wallet Address: bc1q954ye9lwac5sk4mn4q2gk9vkn9jh7ejrgh3jg8
EARNED merit in the last 120 days: 11
7  Bitcoin / Bitcoin Discussion / Re: If governments block Bitcoin, does Bitcoin have no value? on: June 16, 2021, 06:50:14 PM
Many governments do this, but the value of bitcoin only increases.

That's right.

Bitcoin was banned in China many years ago and since then it's grew to be much more popular and more valuable. Chinese exchanges moved abroad and kept functioning anyway.
Now they are trying to ban mining and miners are already moving out. That's all this is going to achieve. They'll make people temporarily lose money and panic and then they find a way around it and keep going.
8  Bitcoin / Bitcoin Discussion / Re: I Hope Impoverished Nations Become A Bitcoin Network on: June 13, 2021, 11:45:35 PM
While El Salvador is the talk of the week I'd like you to also notice how Kazakhstan is becoming a bitcoin mining powerhouse.

Because of disturbance in China many miners have moved to Kazakhstan and the country has become a fourth country with the most bitcoin hash power. In a few months China is going to drop down a couple spots down and Kazakhstan will be third biggest right after USA and Russia.

The industry is changing for the better. China is losing power and small countries are gaining.
9  Other / Off-topic / Re: Anonymous vs Musk on: June 06, 2021, 10:39:21 PM
Or Elon spoke the truth and bitcoiners are ignoring the energy waste issue like they have since everyone with a brain knew it was going to be a problem way back in 2013, 8 years ago.

Everybody knows about bitcoin's energy consumption.
What Elon did was buying, pumping on social media, then selling and talking about it on social media. He knew about energy consumption before he bought.

People did not sell at a loss because they suddenly found out about energy consumption. They sold because Musk was spreading negativity.
10  Other / Off-topic / Re: Are you done listening to Elon ? on: June 06, 2021, 08:14:54 PM
I've never listened to him. Why would i? It's not very clever to listen to popular millionaire. Especially when it comes to your finances.

And especially when millionaires aren't smart and hard working. When millionaires had rich parents who gave them money to invest, like it happened with Elon, they aren't really people you want to look up to.

I feel like people don't like Musk but they envy him and he's childish and attention seeking so it's a perfect match. He want's attention and shitposts a lot and it entertains people so they read it.
11  Other / Off-topic / Anonymous vs Musk on: June 06, 2021, 07:57:04 PM
The well known Anonymous hackers have a new target and it's our antihero Elon.
According to them Musk attacked Bitcoin because he was afraid he could lose money his company was getting from the US government.

https://www.youtube.com/watch?v=UG07x3aN3b0
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Run from Bitcoin. Ethereum will flip it on: May 28, 2021, 08:07:52 PM
ADA is going to flip ETH that's the only flip I see in its history.

There's almost no use for ETH outside of other coins built on it. Nobody is selling anything for ETH and nobody uses it for a store of value.
On top of this ETH reacts to most bitcoin moves so it's not independent. It depends on the price of bitcoin and its cycles as you could see in that recent drop.

I like ETH and I'm still holding it but it's not better than Bitcoin. Don't get yourselves fooled by this narrative!

13  Economy / Economics / Re: 3.9million users took part in the Elon Musk poll; What will be Tesla's decision? on: May 28, 2021, 07:44:53 PM
Elon should attend to his own business instead of trying to become a figure on the crypto scene. It is of little help for us to have a guy like him launching uneducated opinions in a desperate try to mean something on the crypto sphere, which he failed miserably to recognise in due time and now is trying to manipulate for his own purposes. The only treatment he deserves is being ignored, and not only in crypto but also in general. This guy must be on something heavy to do this.
Musk/Tesla is probably the reason why bitcoin went from the mid 20k's to 50k+. Tesla was buying $1.5 billion worth of bitcoin while bitcoin was at the mid $20k, and the price was pushed up to above $40k. Once Tesla announced their holdings, the price went up, and when they announced plans to accept bitcoin as a payment method, it went up even more.

Musk likes to say some pretty off-the-wall things about basically everything, including crypto, however tweeting about crypto will get people interested in crypto, and will get them to learn about it.

You're overestimating Musk.


If you look at the charts, you'll see that move on 9th February. This was the Tesla announcement. It took us from 39000 to 46000.
At mid 20 thousand there was no announcement and no Tesla buying Bitcoin Wink


Also, first time we went to 41000 we suffered a huge dump that many people thought to be the end of that bull run. Makes me wonder why there's so much paniuc today that we are at those levels again.
We could easily go down 12 thousand dollars in a week back in January and people were bullish.
14  Bitcoin / Bitcoin Discussion / Re: Another Horrible day in History of Bitcoin on: May 28, 2021, 07:20:58 PM
Depends on who you ask. I bought more after noticing it had gone below 40k.

Long term holdings took a hit, can't deny that, but those bumps come and go.

I did the same

43 thousand was a significant low for bitcoin. I'm sure a year from now you'll be asking yourself why you did not see it and did not buy some bitcoins.

There can be more opportunities because there's nothing that could stop Bitcoin from falling to 20 thousand or something but everything below 40 is a great opportunity at this time.
It's funny that when Bitcoin was trading for 60 thousand most of you were thinking that you'd buy at 30 thousand if you had a chance and now when we're there you're scared. That's why most of you can never make money and never will.
15  Bitcoin / Bitcoin Discussion / Re: No One Can Shut Down Bitcoin on: May 28, 2021, 07:06:16 PM
I'm sure that they will never be able to shut it down and you saying that "governments" will do it look so dumb. When was the last time you saw the governments of the world cooperate to fight something together? Even if we were attacked by an enemy from space they wouldn't be able to work together. I bet some countries would like to make a deal with the invaders while others would be fighting it.

Even if 50% of the world bans bitcoin the other 50% will see it as an opportunity to make money.
16  Bitcoin / Bitcoin Discussion / Re: Iran bans Bitcoin too on: May 28, 2021, 06:31:53 PM
Iran Banning Bitcoin rise the value of bitcoin to $40,000? These news are getting ignored by the hodlers, Im sure whoever push that up is very eager to buy bitcoin at low prices more.

Because there are no important exchanges or companies that accept Bitcoin in Iran.

If you heard that Mongolia or Zimbabwe banned Bitcoin, would you really care? That's unless you live in those countries of course Wink

Most people care only about world superpowers and the places they live in, that's all. There are countries that mean something and countries that nobody cares about economically. Iran used to be a great country before the revolution. Now it's only known for its nuclear weapons that officially don't exist Wink
17  Economy / Economics / Re: Are we entering bear market? How low will btc go in the coming year? on: May 28, 2021, 06:18:26 PM
Ideal would be around 12k, within a year from now. Do you think its possible or am i setting the bar too low to fast?
Is this just a half time dip in the cycle and we'll see another ath this year

To begin with, once ATH has been passed for the second time, Bitcoin never goes below it. IT was like that with 1 thousand dollars and it's going to be the same with 20 thousand. It's possible that we'll wick below it for a short time but we'll never again go back for a longer time that will allow you to buy lower without setting an order first.

Next thing is the 300 day MA which has been the technical bottom as long as Bitcoin exists. For you to buy at 12 thousand we'd have to break that line for the first time in history.

Then there's the psychological barrier of the beginning of the bull run which is 14 thousand. We were there in 2020 and we came back to it in 2021 to finally break it and start a run to 20 thousand.
18  Economy / Economics / Re: Will crypto lead to the next financial crisis? on: May 28, 2021, 01:16:07 PM
OP is probably trying to start a discussion in response to some recent articles like this one
https://theweek.com/articles/983641/cryptocurrency-cause-next-financial-crisis

I feel like it could start a fiat money crisis and I'm saying it because there have been rumors that banks will start to ask you to pay for your account, just like they ask you to pay for a credit card.
Bank services used to be more or less free with only some paid services like instant transfers, currency exchange, loans and so on. Now they are going to charge you monthly for your account. If that happens more people will decide to withdraw.
19  Bitcoin / Bitcoin Discussion / Re: Iran bans Bitcoin too on: May 27, 2021, 09:24:26 PM
I believe FUD

Seriously, stop with the FUD nonsense.
Every time something bad happens everyone screams FUD even without checking what the news is about. Price goes down, it's FUD, it doesn't matter if they are really down for radical deniers even those charts, even the current price, even the high tx fees, everything is FUD.

People are repeating FUD even in this thread.

OP said that Iran banned Bitcoin right after China, but China did not ban bitcoin this month. It only reminded that the ban is in place. China banned bitcoin years ago by not allowing banks to work with cryptocurrency companies and stopping people from exchanging their fiat currency to bitcoin.

People act like it's a new thing that suddenly bitcoin is banned in China. Like it's such a big news that nobody could predict.
Last time I checked they only warned that coal mining will be banned in future, but people are saying that china is banning mining and panicking. This is what FUD is all about.
20  Economy / Economics / Re: We exited the bear market earler than expected on: May 27, 2021, 08:31:28 PM

The bear market happened so very fast that you question if it has truly happened, or saying if it existed recently, would question if it was a lie. Haha.

I’ll post this again. Fudsters and trolls say the market is in “fear” and/or “capitulation”. From this point of view, we are returning to the mean. Cool



You're joking, right?

Do you think we were in despair in those 2 weeks of red?
Despair comes after months of decline when price goes close to the last ATH or to the 300 day MA. We are like half way there at the moment.

What about bitcoin cycles where bear market takes a year or more?

If we go to 25000 from here we're in a bear market.
If we go to 50000 it means this was only a correction in bull market. 

It's this simple!
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 293 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!