At 6700, bitcoin was at its strongest support. Bitcoin was expected to jump up from that and that's exactly what happened. Now we need to look at 7500. If that resistance gets breached, you can go long as 9500 can be expected after that. But still i would suggest you to stay away of btc until 7500 is breached because from here bull have to build the momentum as bears are weak at this point. But if bulls fail, then you can expect sub 5k levels in next few weeks. At that time playing short would be the best option.

Banks have already started using blockchain technology. The effectiveness of their work will increase significantly, but they will do the same work that they did before the introduction of blockchain technology. Therefore, nothing will change significantly. Blockchain simply cannot replace banks, since blockchain is only a technology, a tool, and certain work is carried out by banks.

I think that if we talk about mass adoption, it should mean that Bitcoin is largely recognized as a payment method. So I'm talking about the reality where you don't have to look for specific stores to use Bitcoin but can go to your regular ones and use Bitcoin to pay for groceries. I know, scalability. It's indeed a serious problem. Is the Lightning Network the only solution? Is it even a realistic solution?
Here's what I thought about to address the issue of transactions getting confirmed slowly. How about not waiting for them to get confirmed? When a person uses a debit card to pay for food, it's not like the transaction actually get's processed and the money is sent right away to the store. No, this process takes about a day or two, I've learned that about half a year ago when there was a mistake with a transaction. The money is blocked by your bank, and you don't see it anymore, but it's actually still there. So how about accepting that a person paid the moment after this person hit the 'send' button on the screen or something like that? What are the odds of a transaction not getting through eventually (if a person paid a normal transaction fee, of course) and being returned back to the sender's wallet? Is that happening that often that shops would not be able to take those risks?
Now, I realize it won't solve all of the problems, because if there are too many transactions that are being put through like that, the number of unconfirmed transactions will be building up. However, I think it could be a solution for a less significant adoption step or as a temporary measure. What do you think about all that?

People were bored with the current socio-economic order. They are constantly forced to consume. Bitcoin can destroy this scheme. Of course it won't be easy. Maybe it won't build a better system, but things will change. Bitcoin offers a more transparent and accessible world.

Hi, Gents,

I think there has to be a way to create a tracking system for bitcoin. Every wallet must contain ids. Otherwise, bitcoin can be always used for money laundering. If you want to launder money, you can find a cash seller everywhere. After bitcoin is bought, noone can prove whose bitcoin it is. I think this is the only think that preventing bitcoin to become a global currency. Do you think it would worth this much if it is trackable. I dont think so. There will be altcoins that work with tracking system and ids. They will become a global currency. Bitcoin? I think never. What do you think?

Why not? May be somebody says "Nope, is is impossible to imagine that I will to pay in a store, on a gas station or even in a village by using cryptocurrencies" but I admit that it is possible. Anyway I am realist I know that there are a lot of unsolved problems. The fact is that crypto technologies outpace the current society state. What does it mean? It means that crypto technologies will come to our usual life just in time when we are ready.

I don’t think there is possibility to change the total supply of 21 million bitcoin, last one of which will be mined in 2140. Satoshi designed the algorithm in a manner that bitcoin will have a controlled inflation. As per my knowledge there is no one who can change this supply.

In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.

So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?

Let's hope for the best. Although the year 2019 was not such a good year for the crypto world, the year 2020 will bring new energy to it. The biggest even in May 2020 which is bitcoin halving rewards, will energize the complete crypto space along with bitcoin.
Also, the dips which are there at the moment, we see the opportunity to accumulate more.

I think it will be a domino effect if the war happen, the economy will crashed again and that is why we should hope that the war will never happen.  If the war happen it will affect the world economy and the cryptocurrency market will also be affected. Investors for sure will pull out there money because they are also afraid to the crisis that may happen.

Such a long post about Craig Wright but did we even think of Craig is the real Satoshi in the first place? I didn't bother to read the whole post, only the beginning part because it's too long. Even with that such long blog, Craig Wright will always be a faketoshi and it won't change because he is not Satoshi! Does Craig Wright claiming to be Satoshi matter to us? We keep on talking about it but we don't believe any of his words.

Well, not yet.



It will still be around 2%, but that is well in line with the "best" inflation model as told by the ECB or FED( ).

Actually the statement said by the thread starter is real and possible. Because before, during the foundation years of the bitcoins by Mr. Satoshi Nakamoto, the bitcoins value was real high up to the point that you can buy a car, build your own house or etc. because the cryptocurrency users and traders from those years was only few and countable and the demand was low thats why the value of the virtual currencies are high but as the time passes by when the users and trader's populations grow, the demands also increases thats why the value was also affected. The value of the bitcoins and altcoins now cant even use to buy a house or a car unless you save it on your wallet for a long period of time.

The big factor that leads to it's demise is the non regulation, ICO has become an HYIP that promises huge potential in the market, yes they do have a platform but they did not do a study if the platform or product will have a support from the community, and so one thing leads to another until  few and fewer investors are investing because they are losing a lot.

Cause people think Bitcoin is store of value just like gold that is why they are comparing them. Also, gold isn't unlimited, experts do agree that gold has a limit supply because it takes so much resource to mine and make. It is just the same with Bitcoin which is limited.

I can't get the reason still many people are against the manipulation though they don't have really nothing to do about it to stop it. In my opinion, with these cases in cryptocurrency community, what is better to do is to comply and accept the fact the profits goes to those who have more control, and if we have less control over the market, we'll be good if we try to be in the stream with whales, follow their movements and get the profits. These manipulation is a just a mere fact that cryptocurrency is profitable.

Even though bitcoin is legalized in some countries, it is still not enough to think that the banking will get removed from the financial system. Banks are now doing well with their experimentation and trials to implement blockchain technology. They will surely continue to exist and they will become better than before because of their action to adapt the newest technologies.

I personally don't believe btc will grow up to $1mil or even $100k, but it can go up to $20-25k I guess.
But I wan't cryptocurrencies to be a usable tool like USD, not a thing to speculate and gamble around.
So it is better if btc won't go up or down drastically

I don't think so, I'm not seeing any correlation. Bitcoin hasn't been tested in world war.
And Iran is not that dumb to go full scale war with the United States.


Gold has been tested during the last world war, Federal Reserve's Role During WWII.