Good days to bitcoin will be back soon. - page 3.

GreatArkansas

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Quote from: Flyingjack123 on November 18, 2022, 09:27:28 AM

(.....)
Moreover it's becoming clearer that in future a lot of shit coins are going to fall on their face and wipe out from the system.

That's why I consider the bear market as the terminator of scams and shitcoin projects in the cryptocurrency market. This is already proven even though the last bear run started in 2018. The best example is the ICO fever, a lot of projects before vanished and turned into scams. But look how Bitcoin standing now, it's still the king and on the top.

Bazzu

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and now it has been proven that bitcoin is very feasible to make long-term and short-term investments. because investing in altcoins that are not of high quality is really very high risk. and lots of altcoins that fall and harm many people.

crunck

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crunck

Quote from: Piesel on November 18, 2022, 05:17:47 PM

Quote from: crunck on November 18, 2022, 10:04:55 AM

Quote from: Zaguru12 on November 18, 2022, 09:52:33 AM

As for POS nothing more to say infact the recent saga around Centralized exchanges as proven that POS doesn't have a future due to its centralization, I just hope investors do not realise it late.

If comparing POW with POS then of course POW will be the better choice because it brings decentralization but the collapse of exchanges, specifically FTX in recent days, I think has nothing to do with POS. All the people who lost money in the FTX crash are aware of the risks of putting their money in FTX but they chose the risk to seek profit and they were too subjective to trust FTX completely.

Proof of work is far more secured than proof of stake algorithm since pow give us decentralization and prove of stake open us up to centralization of the network, since with proof of stake, the wallet with the highest stake volume control the network confirmation and this give power to few whales that can tempered with the transaction process since their have the higher stake volume.

But then pow also have its own shortcomings and one of them is the energy consumption by miners, but even that is taken care of by the use of another source of energy supply.

POW's energy consumption as well as bitcoin's would be justifiable because it creates value for everyone, I hardly care about the government's bullshit accusations about POW's energy problem. Just like industry or technology today, everything consumes electricity and generates waste. But as long as it creates real value it's not wasteful and normal.

Leviathan.007

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I believe good days or bad days for bitcoin are not actually related to a platform like FTX or any other changes. What happened to them will change people's minds about holding bitcoin in exchanges we all knew holding money there could be a big risk but regardless of that, this won't change anything about bitcoin itself, and regarding the bear market, many people think we won't see a valid signal about finishing the bear market before the next halving because that's what happened during the recent halvings.

michellee

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🐺Spinarium.com🐺 - iGaming casino

Quote from: worle1bm on November 19, 2022, 12:45:28 AM

See at this time I see no actual pumps coming to the market because it's kind of in the crash period and it will take time and huge investment for the prices to rise up from here.We are entering into the end of this year and contrary to our expectations of high prices we are stuck at $16k so in next six months we can be above say $35-$40k actually so wait till that time and hold it for long term.

Maybe the pumps won't come yet because the market is still declining. We really hope that at the end of this year, there will be an increase experienced by bitcoin so that we can get a little profit before the price goes higher. It can help us to survive in this bear market if the price can still fluctuate because we can try to buy low and sell high. But in a situation like this, we have to be more careful in buying bitcoins because we don't know if the price of bitcoins can be lower than now.

franky1

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Quote from: worle1bm on November 19, 2022, 12:45:28 AM

See at this time I see no actual pumps coming to the market because it's kind of in the crash period

its not a crash period
bitcoins value is not derived from its ATH point. bitcoin value is derived from its low point.. which each cycle(4 years) that latest low is higher than the low of previous cycle

bitcoin has returned to GOOD VALUE

people are suppose to buy low sell high
they are not suppose to lock value in at a high to then sell low.. thats just stupid to trade like that

this is bitcoins good time to buy moment not a "crash/fear" moment

..
stand on the ground.. ground your self into rationality. and then look up to the future.. dont float in the clouds looking down
dont do it for me.. do it for your own stress and fear levels. it will help you

Quote from: worle1bm on November 19, 2022, 12:45:28 AM

We are entering into the end of this year and contrary to our expectations of high prices we are stuck at $16k

we are not "stuck"
the market is testing the lows. testing it as a new non-zero support to then move up from.
testing the lows is a good thing. because once its tested enough that no one wants to sell below. where all those that could have done so or come to not want to.. then the markets move up

then knowing no onewants to sell below.. a new low can be found next time even higher

forget watching ATH.. watch the periodic lows. and watch how the periodic lows grow over time.. that is where the value lays. that protects your value.
ATH are just temporary events that dont last a day

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: Flyingjack123 on November 18, 2022, 09:59:26 PM

No matter what other protocol has come, POW remains the best and bitcoin has been the best decentralised and anonymous. Such was the vision and works of Satoshi that after so much of search of alternatives for decades , bitcoin still remains the best

POW is a bitcoin identity that cannot be replaced with POS. Because POW is clearly decentralized and POS is clearly centralized.
Like ETH turning from POS to POS. Bitcoin is still the best among altcoins and new projects are coming all the time.
Bitcoin is no longer in doubt.

worle1bm

full member

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See at this time I see no actual pumps coming to the market because it's kind of in the crash period and it will take time and huge investment for the prices to rise up from here.We are entering into the end of this year and contrary to our expectations of high prices we are stuck at $16k so in next six months we can be above say $35-$40k actually so wait till that time and hold it for long term.

ethereumhunter

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If you don't want to invest in altcoins, you can choose bitcoin and forget about the other coins. Having bitcoin as your investment is enough because bitcoin is leading the market to rise again. We don't know what will happen to the other coins but all coins will surely change their position and only the truly valuable coins will remain in the market. When a bear market comes, it will eliminate most of the useless shitcoin listings altogether to improve market conditions, and this has been the case for many years. And if you only have bitcoin, you will not regret choosing bitcoin because it is bitcoin that will give you the biggest profit.

franky1

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Quote from: Flyingjack123 on November 18, 2022, 10:11:38 PM

Thanks, you made a nice point that we should not trust the third party for managing our crypto. Most of them are not really very customer friendly. But they have taken the lead and majority of new investors are trading through these 3rd parties only.
How can people really learn to handle their crypto assets, can you help me out on this.

people in general have all their lives been incodrinated into trusting banking systems as custodians. where they have had government insurance protections to ease their mind of distrust.

crypto however does not have these same government protections for crypto custodians. so its a education to teach people about self custody

the main problem is newbies getting into crypto for the first time were given sales pitches by other people they know in a short "get rich quick" scheme or told how bitcoin is secure, but not really explaining the finer details of differences of fiat compared to crypto, and risks

finer details are simple
bitcoin. deflationary, more secure in self storage. not middleman custody
fiat. inflationary. more secure in banks not under your mattress

JordanMychal

newbie

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It is normal for the market to experience a bull market and a bear market. The current price is temporary. The important thing is whether the future value is worth waiting for. The fundamental reason why Bitcoin attracts investors is still there, and the people who are interested in Bitcoin are still there. As long as people When there is demand for Bitcoin, Bitcoin grows.

Flyingjack123

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Quote from: Ultegra134 on November 18, 2022, 02:32:09 PM

I'll have to agree with Franky1 that the fall of FTX mostly shook the news but did have an impact on cryptocurrencies, which in my opinion, it was just a minor and temporary dent. Only a minimal percentage of cryptocurrency users were actually affected, and the market is likely to recover back to $20,000 levels in a couple of weeks at most.

This should be a lesson to all of us, including ourselves, firstly to not trust third-party services and especially such coins that are backed with pure air.

Thanks, you made a nice point that we should not trust the third party for managing our crypto. Most of them are not really very customer friendly. But they have taken the lead and majority of new investors are trading through these 3rd parties only.
How can people really learn to handle their crypto assets, can you help me out on this.

RAppleby

newbie

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Hopefully, when I wake up, the price of Bitcoin will return to this time last year. Now Bitcoin is precipitation, and it has excluded many people.

zfhrt80

newbie

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The final outcome of FTX is entirely a matter of their supervision. The collapse of FTX made investors aware of the risks involved. However, it is possible for Bitcoin to come out of a bear market, and it is necessary to have enough patience in this circle.

Flyingjack123

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Quote from: kryptqnick on November 18, 2022, 10:02:58 AM

The previous bear market had a significant negative impact on altcoins, but it didn't kill the market completely and didn't kill trading either. This time around, some will also lose their market capitalization and never return to former glory, but others will remain and then experience growth along with Bitcoin when it starts recovering.
I agree that regulations are the future, but regulations should be centred around protecting customers from losing money by big oversight of operations of companies like crypto exchanges, not on penalizing users, depriving them of privacy and restricting their options. Moreover, regulations should not extend the practices that are related to other businesses, so that they remain reasonable and fair.

The problem is that not really a big chunk of population is involved in crypto right now.
While crypto is the future, but most of them are not concerned.
I assume there will be a tussle between the holders and regulators for establishing their authority. sadly I assume anonymity might get compromised due to security concerns, but decentralisation is going to stay here.

Flyingjack123

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Quote from: kamvreto on November 18, 2022, 09:43:06 PM

Quote from: adzino on November 18, 2022, 07:34:03 PM

~snip~ The other "crypto assets" that you are talking about is are shitcoins that people don't trust. Hence, those coins eventually die and you are left with nothing. It has always been clear that those coins will eventually fall, yet people still invest in those coins wishing to get reach real quick.

A shitcoin that is not trusted by people but is supported by a few people who make it hype and end up being a detrimental trap. No shitcoin can last that long. people who come only for shitcoin and invest their money in shitcoin just want a quick profit, but in the end all the money is not coming back and shitcoin is a scam. Bitcoin remains at its best, decentralized, without any physical backing. and bitcoin became the cradle of all shitcoins.

No matter what other protocol has come, POW remains the best and bitcoin has been the best decentralised and anonymous. Such was the vision and works of Satoshi that after so much of search of alternatives for decades , bitcoin still remains the best

Darker45

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I don't think the fall of FTX has anything to do with Ethereum shifting from PoW to PoS. Altcoins may shift from one consensus mechanism to another but it does not in any way affect the fate of centralized exchanges. Altcoins may fork. Altcoins come and go. But they don't dictate whether a crypto exchange will go bankrupt or not. The fall of FTX is mainly because of mismanagement. It happened because Sam Bankman-Fried and his associates were irresponsible!

Flyingjack123

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Quote from: Zaguru12 on November 18, 2022, 09:52:33 AM

What do mean bitcoin will lead from the front. It's already ahead and already Goated.

Every bear market leads to the death of shit coins and with the current saga combine with the bear market more will follow suit.

As for POS nothing more to say infact the recent saga around Centralized exchanges as proven that POS doesn't have a future due to its centralization, I just hope investors do not realise it late.

The good thing now will be, that market will now be a cleaner place Excess of shit coins made crypto space more like a gambling ground.
Authorities too have learnt their lessons, that meddling with bitcoin won't help them either. they will be more supportive now , this will help bitcoin in long run..

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: adzino on November 18, 2022, 07:34:03 PM

~snip~ The other "crypto assets" that you are talking about is are shitcoins that people don't trust. Hence, those coins eventually die and you are left with nothing. It has always been clear that those coins will eventually fall, yet people still invest in those coins wishing to get reach real quick.

A shitcoin that is not trusted by people but is supported by a few people who make it hype and end up being a detrimental trap. No shitcoin can last that long. people who come only for shitcoin and invest their money in shitcoin just want a quick profit, but in the end all the money is not coming back and shitcoin is a scam. Bitcoin remains at its best, decentralized, without any physical backing. and bitcoin became the cradle of all shitcoins.

adzino

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Quote from: Flyingjack123 on November 18, 2022, 09:27:28 AM

Recent fall of FTX shook the crypto ecosystem Also It has come as a lesson for crypto world, though an expensive one.

There are many crypto assets that are currently in the market and are backed by nothing. This has shown that when it becomes too risky to invest in shit coins and why we should avoid it.

Moreover it's becoming clearer that in future a lot of shit coins are going to fall on their face and wipe out from the system.

The fall of FTX also showed the lacuna of POS as well. While ethereum moved to POS. I believe it has in one way or other affected the crypto ecosystem to lead to this fall.

Believe it or not the future is of crypto regulations. The thousands of crypto projects which have been launched without any meaningful backing are going to fall on face.
It's time of retribution for those altcoins

All the naysaying and scepticism of bitcoin will going to end soon. As in a well regulated market only are few currencies will be traded. And for sure bitcoin will lead from front.

What do you mean by backed my nothing? Bitcoin isn't also backed by any physical asset or anything, but it still have value due to user confidence. The other "crypto assets" that you are talking about is are shitcoins that people don't trust. Hence, those coins eventually die and you are left with nothing. It has always been clear that those coins will eventually fall, yet people still invest in those coins wishing to get reach real quick. But not sure what FTX has to do with those coins or POS. Unclear what you are trying to express.

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