Topic: Good news - page 3. (Read 971 times)

$ 15k for this year I think is a very reasonable price, at least make the small miners switch sides to mine other altcoins and be replaced by the big companies that will mine this bitcoin, it's definitely safer and better, hash power increases because the difficulty level is very high too , after yesterday's bitcoin halving made a little block reward and of course it will be difficult to get big profits

It’s really risky but then with the risk I believe no one here will gonna become successful in the future. I believe Bitcoin will go as far as 2017 do, bull run for 2020 and much more bull run on 2021

To be honest enough,
We cannot just blindly rely on hashrate to invest in the holy coin.
Hashrates are oftenly changed when the price of the Bitcoin is changed.
Yes but we can estimate that the price will rise, as Bitcoin is being now promoted in all over the world.
The more is the demand of Bitcoin, the less will be the supply.
And it will only lead to the price rise of the Coin.
Nevertheless let's wait for 15k target for Bitcoin.
Hope we all become rich soon.

Recently the Bitcoin price drop back down to $11,000 plus price range, and continues to drop testing the support between $11,700-$11,600. Then immediately after the hashrate began to fall, this probably indicated the miners that, the price might fall further. Nothing really is guaranteed, but i want to see BTC hold the $11,700 plus support. So i could be bullish in the long run.

If you think that value gravitates into an asset based on its ability to be a good payment system, then maybe you should go invest in a credit card company.

In other words, we can agree to disagree if you also don't understand the value proposition of bitcoin in regards to its sound money aspects.



Your line of argument is coming off as a bit of gobbledy gook and weird-ass framing.. like the largely incoherent and inconsistent talking points that shitcoiners like to present for the bitcoin 2.0 nonsense.


Let's not. If you believe that bitcoin is enslaving you, then you cannot appreciate the additional options that it gives to you.



Average person is also motivated by gresham's law principles once he is exposed to assets or currencies and he can choose which one(s) to spend first and which ones to save.


Sure it is possible, but why preoccupy ourselves with that nonsense right now, when there isn't anything that even comes close.

Oh?  You want to create a shitcoin that is better?  It does not work like that.

Bitcoin is not merely technical, but it is also network effects, so if the network effects move over to your shitcoin, then sure that shitcoin will become the new bitcoin, but at this point there aren't any projects that even come close.. but hey, if you want to diversify into various shit products in order to hedge your bets, then suit yourself.. no one is stopping you.  There are a few thousand of them available, and since you are so smart in regards to what everyone is going to want, you should not have any problems picking out which shitcoin(s) to pick out instead of bitcoin.


Yeah.. right..

Nonsense...

There still is nothing that even comes close to a bitcoin competitor.. but whatever, if you have identified such bitcoin 2.0 characteristics, then you should not have any problem to identify which coins have those futuristic features..


With bitcoin, the masses do not need to be fooled.  it may take 100 or 200 years for value to gravitate into bitcoin, but it will gravitate with the passage of time... and you can choose accordingly. 

By the way, I could give less than two shits about what happens 100 or 200 years down the road, because likely I won't even be breathing in 50 years, but in any event, when we are presented with a gift horse (bitcoin) that does not come around too often, then we should recognize such opportunity.. but hey, you have the choice to NOT recognize bitcoin if you do not appreciate the value proposition.  that's your complete choice.


You may need to look into the matter a bit more.  There is a lot of good information about bitcoin that is available, including on this forum and surely some information is better than other information...

Nonetheless, if you cannot figure out how to distinguish the good information from the bad information then NOT sure what can be done about that.. except maybe you can just continue studying and hope to get better at it..


I agree that there is a lot of bad and misleading information out there.. so it would not be very smart to be allowing bad information to mislead you... so sure, I agree that it can take a bit of time to be able to figure out how to distinguish between good information and bad information.


Me too.

I actually have been around a lot longer than 2013, but I only started looking into bitcoin in late 2013.




A couple of things.

If you made mistakes you can attempt to learn from them and act upon such learning to change your approach.

I would not conclude that it is necessarily a bad thing to have fewer bitcoin as the price goes up, but it is likely that you should try to develop a system that is both tailored to your own  situation and attempts to learn from mistakes that you have made... (that is if you had made any mistakes)


Sounds good that bitcoin went all the way up to $1,300 and it also went all the way up to $20k... you seem to be focusing on the dumps in a negative way rather than appreciating how much price appreciation had taken place..

And, BTC prices are currently in a great place, too, even though some peeps might be complaining that it is only about 60% of its high point...

There are ways to take advantage of BTC volatility and also to make money from an asset that has been going up without getting too emotional about it... but sure, maybe it takes a bit of time to figure out a strategy..

Part of my advantage of coming to bitcoin in late 2013 was that I already had a decent amount of capital and I also had about 25 years experience of various kinds of DCA investing .. so applying some variation of DCA investing to bitcoin worked out pretty damned well, I would say. 

None of my other traditional investments had appreciated so much in value as did my bitcoin investment, and largely my traditional investments had averaged around 5.5% per year in their appreciation.  Sure some years were better than others, but overall the average return was only about 5.5%... but at this time bitcoin has returned nearly 15x over my nearly 7 years investing into it...   Yeah, at some point, on paper, I was probably up a bit over 25x, and when the BTC price dipped back down to around $3,200, I was probably only a bit more than 4x UP, but overall the strategy DCA'ing, buying on dips, and accumulating BTC has worked out quite great for me.  Difficult to complain in terms of how bitcoin performed overall and that I had a sound investment strategy to approach BTC as a long term investment - not something that is a gambling machine to try to time the market and losing prospect bullshit like that.



Hopefully you have stopped playing around.  I have heard from a lot of forum members over the years who don't seem to appreciate how to approach a long term investment and they end up spending a lot of time trading btc or fucking around with shitcoins (believing some shitcoin might have some better value proposition.. blah blah blah) and trying to time the market and end up making themselves worse off than just employing a more simple approach that is BTC focused including: DCAing, buying on dips and hodling.. .. sure you can sell small amounts along the way when the BTC price goes up, but those amounts sold on the way up should be really small amounts, and not fucking around with selling large amounts of BTC.. that is just stupid.. and is just gambling (or playing with fire)



I am NOT going to argue with you about this point.



Sure, but you should be tailoring to your objectives including your timeline.

If you are looking to retire or you want to achieve fuck you status, then you need to accumulate enough of a principle in order to generate a passive income off of the principle.

So, sure you should be able to figure out what your goals are and how much you need to reach, and I agree that the calculation should not necessarily be about how much profits you make, but sure, I can see tha tyou are still caught up in some bullshit ideas of thinking that you have to cash out your profits into cash, which is also a problematic way of considering your profits in cash rather than just continuing to cash out of bitcoin incrementally once you reach a certain principle or you reach your value accumulation goals.

For example,  if you believe that you can live off of $3,333 per month in passive income, then you need to establish a principle that is worth $1million to be able to cash out 4% per year 1% per quarter or $3,333 per month.

So, yeah, if bitcoin is volatile then you have to take that into account in terms of your value, and you should be accounting for how much you really need for income, including various emergencies etc.. and cost of living changes... so having a cushion should be a consideration.. and you do not want to get so paranoid, either that you have to create a cushion that is so damned high that you are never going to pull the fuck you lever.



I am more in favor of incrementalism in terms of my BTC rather than selling all of it, so there are ways to sell small amounts on the way up and also to never run out of bitcoin to sell if the BTC price keeps going up and never run out of dollars to buy back if the BTC price keeps going down.

I think that there are ways to also start to cash out BTC when the time comes.

So initially BTC investor will be in an accumulation phase until he achieves his accumulation goal, then he will transition into more of a maintenance mode, and then finally later he will gravitate more towards being in a liquidation mode.. but none of these phases would mean selling all of your bitcoin, unless you have some kind of impending death or some strange thing that screws up your timeline in terms of being able to carry out incremental liquidation that would be at 4% per year .. approximately... which would largely be a perpetual kind of system that allows retention of value.... and only becoming more aggressive with the cashing out of bitcoin under that kind of system if death were impending or some other major tragedy that causes a need for total liquidation of wealth.



BTC holds value more, so you have to consider a system that you do both, once you start liquidating you keep some in cash as you need it.. approximately 4 % per year.. otherwise you would mostly just keep accumulating the BTC.


Once you get to your accumulation goal, then you can maybe be a bit more neutral in regards to which one you prefer.. because you should be able to just cash out BTC as you go along once you get to a certain level.


That's good.  I suppose.


I believe that I largely reached my accumulation goal by the end of 2014.. but I did continue to accumulate through 2015 and part of 2016.. so I kind of over accumulated, so I don't know.. maybe maintenance and a bit of liquidation might be o.k. too.. even though I really have not gotten into liquidation, yet, I am not as eager about accumulation.. but I understand that each of us will be in a different place, in regards to if we are still accumulating, maintaining or liquidation and sometimes they should be consider to be on a scale rather than absolutes stages, too..


Once you get passed using BTC or fiat for basic needs like food, housing, utilities, transportation, then you move towards being able to use BTC or fiat for more discretionary items like hookers, lambos and blow... so there are levels in the kind of consumption that you need to do and what you want to do.

One more thing related to the analysis of the increase in the price of Bitcoin, which is now the right time to buy it. Cz, the CEO of Binance said so too. Does this mean it will really be as predicted and not miss?
The existence of news like this, of course, might make some people get ready for the next increase. Moreover, currently, the price of BTC is experiencing a slight decline compared to a few days ago. However, this decline occurred after a small bullish event a few days ago. You see, a lot of coins also finally dropped dramatically. Maybe this is just market correction which will be higher in the future. the good thing is, BTC is still at $ 11k. So, is it possible that there will be a next bullish above the previous ATH?

What speculations do you have, another $20k, another ATH?
In a certain thing that it can be possible to happen but unlikely we can't predict it when.

In a thing that the market is unpredictable, it is still worthless to think high more than the thing that the market has. Because the market shows huge pumps, then we can say or think that we able to be at ATH gain? Not really is that and it never works that easily.
No, I don't think this is a good time to invest Bitcoin, but it is for you to decide and accept the risk. Nothing is the perfect time for investment but much better to start when the market is still low than the situation we have now.

Speculation is really something that will likely to happen. Btc currently drop some percentage in terms of its market price. The btc market is very hard to predict. It is not mostly going to happen on what we have expected. If expect something great to happen but it did not and it will just cause a stress. So, if I were to invest or believe in something then that will be my own prediction. This time might be good time to invest but I think it is better to invest when there is a market crash to happen.

I wish I could agree with you, but it totally depends on what "better" means to the larger percentage of people. Because while back in 2010 BTC might've only had tech geeks and privacy-seeking guys interested, today the thing that apparently matters the most is its value and how fast it is.

This is the best launchpad for centralized currencies: extremely fast (almost instant), close to zero fees, small price but with high enough market cap and so on.. how convenient, right? Let's put everything "financial freedom" means to the side and sustain something that enslaves us even more than the current system we all have to be living in. This is how the average person unfortunately thinks, and I honestly believe there will be a Bitcoin replacement at some point as well. Of course, it will not be decentralized nor will it sustain any of Satoshi's ideas but it'll be shaped up in such a way that it'll become an actual competitor. And yeah, that's like fooling the mass to think the fashion industry could somehow compete with the tech. Bullshit.

To be honest, I haven't done a proper chart check of the current BTC bullish pattern vs previous ones. If we're following previous patterns, it must be my mind playing games on me then. However, I've seen and been fooled by so much "similar pattern" stuff on TradingView I'm not even sure if I should believe it anymore, lol.

I've been around since 2013 and I've learned a lot out here. One thing I know is, I would've had way more BTC now if I was to never sell. But it does get so much harder to abstain from selling when you know you have creepy falls like $1.3k to sub-$200 or $20k to $3k - and especially during the beginning of 2020 when, AFAIK, commodities went straight up while BTC got dumped hard. I obviously also have way more confidence than I used to have years ago and these events don't really affect me anymore at all.

I stopped playing with my BTC for the short term specifically for the amount of times I've wrongfully done so. Rather than being constantly emotionally challenged and making wrong moves at the wrong times, I'd rather just accumulate and hodl onto that sum. Without a very strong emotional control, you'd fuck up your BTC before you know it.

About percentages of profit I consider enough, "to each their own" is the best way to go, I guess. Thinking of those who bought at $1 and sold at $100, they might regret it right now but they never knew it'd ever reach $10k, did they? Some people struggle getting 20% profit in an entire year with stocks. Hell, some struggle doubling their stocks portfolio in half a decade. Making the same people take a look over the BTC chart would probably get pissed off. You could purchase today, sell at $100k and 5 years later a Bitcoin is worth $10M. You just never know, but as soon as you're happy with the profit why not cash it out if that's your plan?

Then, it all goes down to what you care more about: USD value or total amount of BTC? I personally care more about the latter right now. Hence, I don't even care about drops anymore. As I said, that's just one more opportunity for me to accumulate more. Whether my BTC net worth will be a hundred bucks or ten million in the next few years, all I want is to know that I do have a financial freedom I can enjoy - be it through a drink or a luxury mansion.

hahahahaha

What a bunch of nonsense, Beyerd17.  You don't even seem to appreciate what bitcoin is, or from where its value comes.. Do you really believe that bitcoin's value comes from fast and cheap transactions when having actual power over the HODL or sending of your value (while it is maintained as secure) seems way more powerful to me.  Think about moving $20k, $50k, $500k, $20million, or some other meaningful amount of value across jurisdictions with multiple hops and maybe over the span of a few months for the overall multiple hops.  How are you going to do it now?  How are you going to do it in the future?  Would you rather get permission or to try to sneak the value with traditional means.. or would you like to possess fuck you status?  Any coin, asset or currency come close to bitcoin in terms of such power?

Anyhow you are spouting out some nonsense shitcoin talking points... or are those BIG blocker talking points?  Difficult to know which shitcoin pumpening camp you might be falling into with your lame-ass bitcoin shaming and your baloney expressions of hopium regarding bitcoin's speculative demise when there is absolutely no competitor to bitcoin that even comes close, as I am typing this post... Go ahead.. name one?  Go on.  You got anything besides amorphously vague allegations regarding bitcoin's purported deficiencies that are largely meaningless and immaterial towards bitcoins ongoing value proposition?

Actually, since 2019 I have predicted that Bitcoin in 2020 will be good, because of the Bitcoin halving event. It turned out that
my prediction started to come true, after the halving the Bitcoin price started showing an upward movement. Even yesterday
the Bitcoin price has managed to rise to $ 12,000. This is a good sign, although now the price of Bitcoin has  started to slowly
fall due to price corrections. But I'm sure Bitcoin price will go back up towards $ 15,000 soon.

Personally, I believe that the BTC price is so god damned close to being exactly on schedule in accordance with the four year fractal comparisons.  I am personally surprised by how close this particular pattern is... and sure we had a kind of front-running blip from April 2019 to June 2019 when the BTC price went shooting up 3.5x from $4,200 to $13,880... but overall the BTC price has largely reverted back to the pattern.. so I am not really sure how you are concluding that this time around might be slower, except maybe that you have a kind of recency bias or maybe a bias of being caught in the moment and hopening that the BTC price would move faster... please, please, please.., .and such seeming impatience is not a good disposition (not meaning it in any kind of personal way, just saying that price movements can take a decently long time and they can feel as if they are moving slow while we are within the middle of them, but if you zoom out or you look back after the fact, the price movements end up showing that they had moved way further and way faster than what we had been feeling while we were in the midst of them).



Well, in the past if you had gotten overly excited by 20% price movements in BTC, you would have fucked yourself over multiple times, and probably end up chasing the train or getting mediocre returns based on your failure and refusal to appreciate your profits in BTC (in other words fucking up by valuing your wealth in dollars (short term) rather than BTC (long term))



Of course, I don't really know your BTC investment background, but if you were largely dabbling in BTC in 2016 when you registered your bitcoin talk account, you might not have been had enough time (or even capital) to take an assertive BTC position, so sometimes it can take a while to build wealth and even to build capital even if the asset class is going very well.

So, in that regard, all of our positions and our mindsets are going to differ from one another in terms of how much time that we had been able to build in BTC and how much capital that we had available to attempt to build our wealth in BTC.

For the past few years, my confidence has grown quite a bit in bitcoin, not only because I have been investing into it for a decent amount of time, but also because bitcoin has matured quite a bit as an asset class.  Sure bitcoin remains immature as fuck, but we can still look at BTC, as an investment, with a decently larger amount of confidence than we could prior to the 2017 run and prior to the 2017 and early 2018 resolution of several issues and concerns.  Bitcoin has shown its strength as a strong asset class for those who are capable of seeing it (and sure some people just have not been adequately exposed, yet, either), even more convincingly during and after 2017 and into early 2018, which can cause a decently greater amount of confidence to advise (or suggest) that new entrants into BTC should be able to comfortably take a 4-year plus investment time horizon in regards to BTC, so long as their own time horizon also allows in terms of their age/health etc - and surely it would have been more uncertain and difficult to make anywhere near to as long of a commitment to investing into bitcoin prior to the 2017 situation and the various resolutions that showed themselves through such battling processes.

So, even with you, 20kevin20, if you are having some uncertainties regarding how to play bitcoin in the short term or whether you should be attempting to play bitcoin in the short term in regards to figuring out BTC price movements, I would say fuck that bullshit.  First, you should be making sure that you have sufficiently and adequately established your long term investment amount.. and once you secure that to a sufficient level through lump sum investing or DCA.. then maybe thereafter, it may be reasonable and justifiable to play around with some other aspects of your BTC holdings in terms of trying to figure out if the BTC price might be going up or down in the short term.. that is if you have any inclinations to attempt to play those shorter term BTC price expectations.

Besides the obvious increase in value for popular digital assets, I think the Bitcoin bull market can be observed based on the following trends.

1. Are miners selling their gains or holding? Since the influx of new bitcoins onto the market is one of the main drivers of sell orders, miners holding their winnings for longer can be an indication of bullish sentiment.
2. What are the crypto funds doing? Are they doubling down on Bitcoin or are they diversifying into altcoins? These whales tend to have access to insights and market analysis tools that your average joe doesn't, and can hence make better decisions about what to do.
3. How slow and steady is the growth? If slow and interrupted by periods of consolidation—then perfect! If sudden, volatile, and prone to reversals—this could easily be caused by market manipulation (bull trap?)

Right now, the hash rate indicates they're looking to accumulate—hence we are almost certianly in a bull rally.

the possibility of bitcoin going down again has a big chance because the end of the year is still long and things can happen and no one can determine. but based on experience, if bitcoin is showing an increase, if there is a decrease, it will quickly make changes to get back to the path that has been desired.

What if it's just a coincidence since the market was going well lately. Now that you mention this, it would might get another interpretation by the others because this too just a theory anyway. What if happens the other way around? I mean the price will sink after what happened? The situation of the market is going the way we like it but still, we cannot say that it's all because of what you said, there are lots of good news about BTC these days, you know?

if its been broken that means btc is not secure ? or im wrong because you look so happy but thanks for the explanation atleast i know that hashes have a relation to the price if btc will pump or not . this encourage people to put more money if they saw posts like this .we have the same thought after halving because i also thought that miners will stop working but we were wrong  .  btc instead became more stronger when we expect it to become weak

Yeah Bitcoin is great, slow for real life usage, expensive if you actually use it to buy something. Bitcoin is simply screaming for something better, faster and cheaper to take its place. I will be very surprised if something much better hasn't taken Bitcoins place in 10 years from now.

Surely Bitcoin will increase its value rapidly because each time miners turn on their miners the market becomes stronger. I have faith that bitcoin will soon return on its way to the highest ATH. We're having some trouble getting into technical analysis and Bitcoin value manipulation situations. The rapid increase in the price of bitcoin will lead to a correction. I expect the next bull wave will be in October-December

Oh well, considering all the 2020 events, I wouldn't be surprised if there was a sudden insane chart move. The thing is, it does seem to be slower paced if you compare it to past pumps.

"20% profit? Take it! Nobody killed themselves for being on profit", someone told me a long time ago. Definitely relative, yet this is  still a funny thing I'll probably never forget.

I honestly don't really care about short term so there's no position I've taken. Meant to say I have no idea about short term (especially as heavier dumps aren't that rare for this one) while I'm pretty bullish on the longer term. Like, maybe tomorrow it drops back to $10k. Maybe it goes up or stays around $12k. I don't really care tho, all I care for is the price we'll have in a matter of years - and solely based on "adoption" & halving, I believe the future is holding a sweet price tag for us.

Huh?

Lots of people speculate that they are "too late" when they come to bitcoin and first learn about bitcoin and first start to implement some kind of buying/accumulation plan, but if you do not have any BTC in your investment portfolio, then whatcha-gonna-doooo?  Wait?

Sure, if you failed or refused to invest in BTC in the past, there is not a whole hell of a lot that you can do about those bygone times, so you have to decide what are you going to do right now?

If you are just hearing about BTC, then you might want to figure out your own particulars, establish a BTC buying plan and then start to employ such plan.  Of course, you can study and attempt to learn more about bitcoin along the way so that you can just figure out ways to best implement your newly discovered exposure to bitcoin information... and thereby, it is not too late today, but you may well fuck things up if you fail to do anything and then look at where you are at 4 years from now..  proclaiming that you should have done something 4 years earlier (which is today) and those people 4 years earlier are so lucky.. blah blah blah...