There is nothing as good and bad day with bitcoin. With every market it is possible to experience the bullish and bearish movement. With bitcoin it happens all of the sudden when nothing is expected. Users who have well understood about the market have got the ability to make good money unlike the market movements.
If you thinking bullish days were the good days then you're wrong, because if we were able to buy at the bottom then bullish days are good. So, every market is important and need to be considered good days.
Topic: Good days to bitcoin will be back soon. - page 4. (Read 774 times)
According to users a year ago, it was the end of the world since everyone got priced out of Bitcoin. Now, that Bitcoin has been discounted in time for Black Friday, people are complaining about it collapsing. Don't know about you guys, but we're very much in the good days, and have been for the past decade, and a bit.
Price is temporary, value is permanent. As long as you remember that, you'll have a more positive outlook on things. What does it mean exactly? Price can be influenced by a lot of things, and it does. However, the core values of Bitcoin, and why it's successful in the first place still exist. For example, being responsible for your own wealth, removing the middle man, and tackling the centralised world we live in. That's the value side of Bitcoin, and why there will always be demand for it.
The only thing that truly threatens Bitcoin, is a global ban which is extremely unlikely. Increased regulation sure, but that actually promotes growth, and therefore is a good thing.
Price is temporary, value is permanent. As long as you remember that, you'll have a more positive outlook on things. What does it mean exactly? Price can be influenced by a lot of things, and it does. However, the core values of Bitcoin, and why it's successful in the first place still exist. For example, being responsible for your own wealth, removing the middle man, and tackling the centralised world we live in. That's the value side of Bitcoin, and why there will always be demand for it.
The only thing that truly threatens Bitcoin, is a global ban which is extremely unlikely. Increased regulation sure, but that actually promotes growth, and therefore is a good thing.
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.
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.
A couple of bad things happened in the crypto space over the past few months. Consider the Luna crash and the FTX drama. This is incredibly harmful to the entire crypto industry. So that's why people are afraid to invest in cryptocurrency recently, which has been leading a bear season. What can we expect if so much shit happens in the crypto market? The dump is then expected. To be honest, I don't any solid reason see why Bitcoin should recover anytime soon. We need a credible reason for this. It is constantly breaking support levels that led recovery more difficult. But, yes, the market will recover either today or tomorrow.
The market will recover today or tomorrow is just on a basis of hopeful thinking. It is good to have such hopeful thoughts despite the ongoings with FTX recently and other failed coins. I for one do not think that these happenings can entirely debase the stands of Bitcoin as it has proven to be confidently steady, not considering bearish or bullish turn of market events. The market will always recover and new perhaps more profitable coins and opportunities to invest and earn huge will come. Good days are always within reach and Bitcoin I believe will catch up, and favor those faithful in its business.
Recent fall of FTX shook the crypto ecosystem Also It has come as a lesson for crypto world, though an expensive one.
This incident related to FTX has indeed shocked many parties, as happened with LUNA in the past. And many people have lost their money in this tragedy. Yes, indeed investing in the crypto world today must be more serious and careful. Our rigor should come down to whether they have backups or not. And from this FTX incident, I believe that exchanges and other projects will be increasingly thinking about having backups of their platforms or projects. So, this will minimize incidents like this. Although that does not mean eliminating this possibility, minimizing it.Bitcoin itself is different, it is the basis of cryptocurrency. I'm not sure that Bitcoin will be dropped and immediately dropped and failed like the others. Because Bitcoins are different. We already know how many times they tried to bring down Bitcoin with various FUD, but finally, Bitcoin can also rise again and exceed our expectations. This is because of our strong reputation and trust in Bitcoin.
Recent fall of FTX shook the crypto ecosystem
The exception is on the bitcoin network only, while other cryptocurrencies may be affected, bitcoin is independent of any other currencies because it's the first decentralized digital currency introduced and has always maintained it's standard and value all time.
Also It has come as a lesson for crypto world, though an expensive one.
Though alot of people have been withdrawing their asset from centralized exchanges and about $3.7 millions have been evacuated already from exchanges into personal wallet, but i won't surprise is hearing that some are still looking for more altcurrencies projects to invest with.
There are many crypto assets that are currently in the market and are backed by nothing.
They actually got backed by something but in a deceiving manner, they will pump finance into a project and raise expecta high for people to invest large amount and later withdraw all their investment thereby taking away other people's asset in it.
To be honest, I don't any solid reason see why Bitcoin should recover anytime soon. We need a credible reason for this. It is constantly breaking support levels that led recovery more difficult. But, yes, the market will recover either today or tomorrow.
Honestly I don't see any reason that bitcoin will return to bull direction any moment. It requires a very strong fundamental to upturn the market from the beat direction to the bull direction and I am not seeing such a fundamental any close to us.The Bitcoin support keeps breaking and going down the more. When bitcoin rallied around 20,000 dollars for almost 3 months, I thought that $20000 would be the support of Bitcoin till we get to the next bull which may happen by April 2024. But I was surprised to see that the supposed $20000 support was further broken, honestly there shouldn't be any high hopes till the end of 2023 towards 2024.
A couple of bad things happened in the crypto space over the past few months. Consider the Luna crash and the FTX drama. This is incredibly harmful to the entire crypto industry. So that's why people are afraid to invest in cryptocurrency recently, which has been leading a bear season. What can we expect if so much shit happens in the crypto market? The dump is then expected. To be honest, I don't any solid reason see why Bitcoin should recover anytime soon. We need a credible reason for this. It is constantly breaking support levels that led recovery more difficult. But, yes, the market will recover either today or tomorrow.
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.
While I agree with the other things you've mentioned about altcoins. The skepticism will never be gone for bitcoin, there are people that are for anything risky and would like to have an exploration with their investing journey. They're the people that are open to new things like bitcoin but, there are the people that would like to stay conventional and traditional and that means, they're permanent with that belief and no matter how hard you explain to them what bitcoin is, they'll never believe. 
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.
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.
the regulation i think should just be limited to stablecoin and exchanges not the miners, not on non custodial wallets or token stakers and leave the privacy to the users outside their scope. scratch all that.
It should be but once the authority touches the cryptocurrency industry, it is a package deal. Meaning, crypto will be regulated from mining to distribution, the government are greedy they always wanted a piece of the pie. So they will regulate and monitor mining activities to tax them.
no regulation at all will be better. ripple(XRP) losing against SEC, fight may just be over and altcoins will succumbed. BTC will be regulated if green energy government prevail and miners are regulated.
No, we have seen lots of scams and fraud already. That is because crypto isn't regulated yet. Though I only favor regulation on cryptocurrency projects that conduct crowdfunding since we have witnessed that lots of these ICO, ITO, IPO, IDO, etc.. are just created to make money and don't really deliver their promised road map until the developer declares bankruptcy or run away with the money.
About Bitcoin, it is already proven that despite all these cryptocurrency scandals and fiasco, Bitcoin always comes back strong and be able to break its ATH so I don't doubt that Bitcoin will be back to its bullish path but I think it will not happen anytime soon.
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.
Bitcoin has always been leading in front, it has always been on top and there is no doubt about it.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.
Most of us are already aware about the future of shitcoins it was called shitcoin for a reason, and I don't get why people have high hopes for those project when we are already aware that those project would only last for short time(most of them would be used by pump and dump groups to gain profit).
What happened to bitcoin? Bitcoin is going well, yes the crypto market is down or you can say some of them are facing some issues for Cz or anything else, but bitcoin is going strong! We need to stop calling the bearish market is bad, and the bull market good. Both are good for Crypto and bitcoin.
If anyone did know about bitcoin old price chart.Then i think, they have good Knowledge about bitcoin price dumping and bumping. Every time bitcoin price surprised us when bitcoin dumped then.I also believe bitcoin price will be grow up again and bitcoin price will be recover again like 2021.
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POS it was just an example that no matter how clearer its looks once two or three people can control something like exchanges then it will lead to manipulation. With POS I think the highest stakers control it more than the others. What if two or three people have the highest number of the coins and they decide to withdraw them wouldn't affect the other smaller stakers and in this sense isn't coin central between them.
Major example is Lido and Coinbase controlling almost 40% of ethereum nodes. Can these two manipulate the ethereum node to there favour? Then its slightly similar to CZ controlling Binance
POS it was just an example that no matter how clearer its looks once two or three people can control something like exchanges then it will lead to manipulation. With POS I think the highest stakers control it more than the others. What if two or three people have the highest number of the coins and they decide to withdraw them wouldn't affect the other smaller stakers and in this sense isn't coin central between them.
Major example is Lido and Coinbase controlling almost 40% of ethereum nodes. Can these two manipulate the ethereum node to there favour? Then its slightly similar to CZ controlling Binance
what you learn is user of full nodes are decentralised. but they mainly follow what their favoured services deem as the chain to follow because if their favoured services are following something else they are ignoring the users transactions. so users follow the exchanges decisions on all coins
(exchanges are deemed "economic nodes as oppose to just user nodes)
with coinbase also a custodian of users stake. those users again wont wont to go against their favoured service because saying no to a coinbase decided change is destroying the coins out of users stake to pay miners of the winning chain
so again users follow their favoured service.
this makes places like coinbase a double threat to control. becasie they have coin, code and user fanbase control even if the change is bad. their fans will follow or fear losing their stake
...
ethereum when PoS only had a market price trhat was 2x above value because as PoW value was high . but now in PoS the underlying value has droped 15x.. to a new gap of 30x but the price has not corrected yet. so expect ethereum price to drop soon.
right now ethereum is not trading based on its own merit of its own userbase of utility of token demand. it is if you look at the markets.. is blindly following bitcoin prices. meaning ethereum is being held up not by ethereum activity but of market arbitrage holding it up artificially
bitcoin is at great value to buy. ethereum is at bubble inflated premium and not good time to buy
Of course that better days for Bitcoin are bound to come. Bear markets come and go and Bitcoin always stays stronger. Now with the centralization wreacking havoc among shitty altcoins, Bitcoin will end up collecting all the perks that will come with it.
While shit coins have their days counted, for Bitcoin, the ride is just beginning.
While shit coins have their days counted, for Bitcoin, the ride is just beginning.
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.
I was in no way comparing FTX situation to POS it was just an example that no matter how clearer its looks once two or three people can control something like exchanges then it will lead to manipulation. With POS I think the highest stakers control it more than the others. What if two or three people have the highest number of the coins and they decide to withdraw them wouldn't affect the other smaller stakers and in this sense isn't coin central between them.
Major example is Lido and Coinbase controlling almost 40% of ethereum nodes. Can these two manipulate the ethereum node to there favour? Then its slightly similar to CZ controlling Binance
Surely Bitcoin's good days are coming soon. But we saw a time when Bitcoin hovered around $69,000.This peak position of Bitcoin proves that Bitcoin will definitely increase.However, we may see a new record for Bitcoin between 2023 and 2024, if not by 2022.You wait for the new record and those who are long term holders buy Bitcoin and invest for long term.Current time is good time for Bitcoin holders.
All the naysaying and scepticism of bitcoin will going to end soon.
I think it's never going to end. It was there when bitcoin was trading for 100, 1000 and it's going to be there at 100k.
Banks hate bitcoin
People who panic sold and lost hate bitcoin
Gold bugs like Peter Schiff hate bitcoin
Old farts Like Warren Buffett who failed to recognize the value in it hate it as well
Politicians who don't get it like Elizabeth Warren hate it
Eco terrorists from green parties around the world hate it because its easiest to attack something that doesn't defend itself
They won't stop hating it because there's another bull market, but bull market doesn't need them to stop hating to come. Bitcoin has its ups and downs and now it's down, so the natural way from here is up.
Not until the next Bitcoin Halving which is scheduled for April 2024.
Maybe sooner. According to this the estimated date is March 23.
Recent fall of FTX shook the crypto ecosystem Also It has come as a lesson for crypto world, though an expensive one.
if you turn off social media.. (quieten the noise of voices)
you will notice that in the real cryptospace of crypto currencies.
(coins have no voice) it was not a massive earthquake. it was just a shudder
if you add up all the user accounts of coinbase binance,bitfinex, and all other exchanges. estimates as 300m users
so. FTX shook just 0.4% of people
99.6% of people(including me and you) were unaffected and are just gawkers and gossipers
bitcoins market price pre drama seen a $17k price. so a $16k price is not a ground breaking cavity for people to fall to their death in.
its just a wave of normal tidal movement being at low tide.
as for regulations
well alot of people think "regulations" is just KYC
its not.
regulations come in different forms:
(-)user oversight
(-)business protection (cant litigate them if under a shield)
(+)business oversight
(+)user protection(make business actions illegal to protect users)
we do need to see more user protection regulations and less sweep a business practice under the carpet (ignorance)
but there are other regulatory things itching at the door trying to get into the crypto space
CFTC+EPA want to limit or restrict mining.
limit/restrict how much users can invest
Recent fall of FTX shook the crypto ecosystem Also It has come as a lesson for crypto world, though an expensive one.
The lesson we all have to learn: "don't trust the exchanges, just leave a little money on the exchange and money that can be traded in case someone does a day trade" and always withdraw the profits. for those who do not day trade, there is no reason to leave coins on exchanges. also be very careful with new exchanges, from what I saw even when we can see the exchange owner's face we can still be robbed, it was supposed that when someone exchange owner shows his face he doesn't steal for fear of being arrested, but not even when they show a face not afraid of being stolen.
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.
most people know that more than 70% of altcoins will disappear with time, because there is no way for them to compete in this market, with so much copy/paste that exists in this market, many altcoins no longer have any sense of existing anymore, the owners probably already they are leaving little by little, they are already rich, they have already secured their future and they have no idea how to improve the altcoin so the solution is to abandon the altcoin
Believe it or not the future is of crypto regulations.
this is something we are all seeing, exchanges ask for KYC and even casinos ask for KYC and there are still not many countries that have made laws for bitcoin and we are already having a bad time with the damn KYC, so the future and even the regulation, there is no how to get away from it
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