Topic: Good news (Read 997 times)

First of all, thank you for giving us such an important piece of information. I believe this update will help the crypto industry move forward. This update will be able to help a lot to move the crypto market forward. This is great news for those of us who have been working in the crypto industry for a long time. Thank you again for providing us with this important information. We hope you will agree to benefit us by providing such important information in the future.

Yeah, it’s a good news that the hash rate is increasing. But that aside, people that wants to invest in Bitcoin has been doing that before now and they believed in it till now and that’s what led to where we are now. Hash rate is very important, just as the op pointed out hash rate increases security and that means that Bitcoin history can not be altered.

Apart from that another very important thing that matters in making Bitcoin more secure is the hash rate distribution which I do some people talk about, no need to talk about that now, it’s a whole topic on its own I guess.

I predicted it could drop from 12K, and I was right. It already had a huge rally from below 4K to where it stands now in about just 6 months. There are a lot of investors with massive gains that are likely to safeguard some or all of their profits in the recent halfyear runup.

Prediction of Bitcoin price isn't asways right. Last few days, price is on down trend and Hash rate is also decreasing slightly. The network is secured but price is not secured at any moment. But i believe this year is the best time for Bitcoin price than past two years. I hope it will hit $15k within this year and Hash rate will also increase.

Clarifications/corrections like this are very helpful to newbies like me. Thanks!!!

Good news to those who invest in bitcoin,the hash rate hit high time of 130EH/S this week and break through 12k.

Those who buy earlier will absolutely experience profit in their investment by now, and a lesson to those who predicted base on bitcoin mining hash rate change after the price move.

The world of Ciptro can never be said to be faithful to him.It is very difficult to predict the future here.Let the price increase. Let the  all market be in a good position.However, it can be said that prophecy does not always work.

Hopefully, it is only a correction and we can a shining day in the next few months. Let us see if bitcoin as well as altcoin will explode by the end of 2020. Atleast, there is a positive news that we can receive before this year ends. We all know that everyone of us here is wanted to see the market in a greenish condition. I bought eth and btc for the past few months. I gained almost 50% of my capital. I hope it will continuously grow up.

Absolutely, the price of bitcoin much decent now on the crypto market, compared to the recent movement. Bitcoin leads most of the time, recent activity prove enough to come a conclusion. What i mean, Bitcoin will grow and we can expect more and more.


 

     It is easier to believe in this dream so fast rather than search thoroughly through everything and get a reasonable decision. Let us not get ahead of ourselves yet. Bitcoin's hash rate doesn't carry that much weight in terms of security of investment profits or price surges assurance. There can be many factors that can either minorly or drastically change the price of bitcoin. In fact, I even expect a refraction before investing time comes for me.

Quoting myself on this for the update.
As I said before daily hash rate fluctuations are irrelevant as a simple change in luck and 3 fast blocks can make the hash rate look like it has jumped 2%.

The new epoch has barely begun (20 mins ago), and on the previous period, the difficulty has risen by + 3.6, on an average rate of 125Eh/s.
And although it might still sound like a medium to serious jump, it stops looking like that if we look at the previous numbers, the previous peak difficulty in July was 17,345,948,872,516, now we're at 17,557,993,035,167, with an increase of only 1.22%, while the price went up 28% from the last adjustment. Not even mentioning the fact that when this topic about "good news" started we were at 12.3k.

Bottom line, never use hashrate fluctuations as a price indicator.

The halving effect has been felt by Bitcoin Miners for the past few months. The reward has been reduced to half from the previous one, making miners inevitably have to increase their Hashrate to compete with other miners. And now, maybe only miners with big capital survive. Miners with small capital will only lose time and electricity. It's time Bitcoin touched the new ATH. When is the time? I hope it happens soon.

I think everyone has the right time to invest in bitcoin, it all depends on the ability to invest and determine when the right time is. There are many aspects that must be reviewed, prices, world economy or technicalities in mining can be a reference for determining when you think the best time is.

It's not good to rely on speculation of other self proclaim experts on social media. Why not rely on yourself by making yourself more familiar on how to read charts, bars, etc. that way, you'll be more confident on your investments because you knew what is happening and you can make much better predictions because you don't lack knowledge.

Everyone is guided by their own needs

I never liked this "now it's the time" quote. Rushing someone in a decision is something that raises many questions. The hash rate importance to me is not a bullish factor, it just signifies that the security of the network is more robust than ever.
Miners are companies and their life depends on profitability. Prices are not a result of the hashrate but it is actually the opposite.
Interest for Bitcoin is driving prices and the result is more miners and more hashrate.

2020 is definitely going to be the best year for bitcoin. Lately, the price of bitcoin has started to improve compared to 2019 which experienced a gloomy period for bitcoin. on social media, many have said that the price of bitcoin will reach its highest peak this year, let's see in the next few months whether that really happens or not, investors have started to come to buy bitcoin and invest in altcoins, in my opinion the increase in bitcoin prices is very high must happen in this year.

I am sure that bitcoin will reach 20k by the end of this year. More and more large investors began to understand this.

Still holding until now, but I won't start accumulating yet since dip was not spotted yet.

I like the explanation, it's possible that bitcoin would continue to rise now but I have been in this game for many years and I've seen a lot of unexpected things happening. I guess if the market dump because of the pandemic, we would not talk much about bullish prediction as people would certainly panic, and regardless how good the analysis are, only few would know it, glad you shared though.

Anyone who uses bitcoin understand what the volatility of bitcoin means. Everybody know that the price of bitcoin can not be predicted because of it's volatility.
There are a lot of factors that affect the price of bitcoin and it's not right to want to predict the price of bitcoin from it's hashrate.
Several so called experts have done this - predicting the price of bitcoin- and it has always fail.
It is important to know that no one can accurately predict the price of bitcoin.

You can't predict the status of bitcoin if it's value will go up or down because of it's volatility. Anytime there will be a move on it's value that's why we shouldn't depend on that. We can't say whether it is the perfect time for us to hoard our coins or not. What happened this year is literally a lesson learned for me most especially when everybody had predicted that the halving season will more likely occur on the latter part of the year but it's not. When I sell all of my coins, that is the time before the halving season occurs because I'm too tired of waiting and I can't wait anymore I sell all of my coins without the halving season and I am so dissapointed coz my long time of waiting turns out useless.

Miners have to find a way for bitcoin to increase in value so that they can survive in the cryptocurrency mining industry. Now the number of people who own bitcoins is increasing and the amount of money in their wallets is huge. The number of bitcoins on exchanges is falling. I have confidence by the end of the year bitcoin will explode again and hit higher ATH levels in 2017.

I don't think hashrate has a big impact on crypto investing, and it's a bit pushy if hashrate is one of the things for making investment decisions. Predictions are made based on several analyzes but from what I know hashrate is not a very important thing. I agree about the growth of cryptocurrency this year which unfortunately was followed by several economic problems in every country affected by the Covid-19 virus.

I think it is simply readiness and conviction to buy based on the buyer's analysis. If your indicators to analyse market price tells you it is good to buy now that price is around $12,000, I think I will follow that if it is the right thing to di at this time.

These days, guys should consider investing into bitcoin to be 4 years or longer.. of course longer than 4 years is even better.. and so I would question considering anything shorter than 4 years as seriously being long term.. while at the same time, guys who invest into BTC have complete discretion over his investment choices and timeline, so even if a guy might come into bitcoin with a 4-year minimum investment time horizon, such guys can choose to exit some or all of his investment before the 4 year time horizon has run.

Bitcoin is a big swing and if today the price has increased even by 30% it does not mean that tomorrow it can not fall by 50%. You need to monitor the market situation and make decisions about buying or selling at the moment. Long-term currency retention is possible, but even for such long periods (a year or more), volatility is still very high.

Hopefully you did not sell too many of your coins Beyerd17, hoping for lower BTC prices that might not happen....

People buy BTC now, because lower prices might not happen..  and frequently it is better to act to save yourself rather than waiting for someone else to save you.

Sure, lower prices might happen from here, but they might not... We have been in these situations many times in the past in which people failed/refused to buy coins because they speculated that the BTC price might go cheaper, and it did not.

Good luck waiting for your cheap coins, you may well need it.   

Looking at the chart going back to the month of March, we basically had a rally and whoever bought in cheap might be tempted to secure some (or all) of their profits since price has been stalling lately. Tough to tell the direction short term, but I would tend to think risk is much higher now at sub 12k than sub 4k. Here is a question for you guys out there, if one did not buy at 4K, why on earth would someone buy at 12k, that would be plain idiocy.

I don't think hash rate is what determines investors psychology of bitcoin investment and would result in bitcoin uptrend, otherwise, everyone would have be banking for this and take a position on this.

There is always perfect time to buy and invest on bitcoin and it's never too late to do so. Even small amount will do as a head start for a long term investment and better holdings in the future that will consider as a hidden gem that awaits the price to rise up. It may goes ups and downs but the important things is to have a strongs hands and strong will to withstand the votality of it.  As the saying goes "good thing happens those who wait". Nevertheless, this is not a financial advice and always exercise DYOR.

People that are still afraid to invest in Bitcoin by now are really making a huge mistake. Some people are afraid to invest in Bitcoin even till now, and some of them that don’t want to invest is because they are looking for quick profit and they feel like the price of Bitcoin wouldn’t go up any time soon.

Someone was talking to me about investing in Bitcoin and his main point ? He kept hitting on the question ‘when will price to go up? ’. that question is very annoying and I hate when people keep asking that question, like how the hell am I going to know when the price of bitcoin is going to increase?

Due to high transactions being made bitcoin transaction fee goes high. The miners service are in demand this time because of the current bitcoin current market price to.which traders are very active. Now for the short term holders may it become lesser for them to sell because they still think of bitcoin to start the bullish market. It may be good so as also to get bitcoin market dynamic.

The current market is already a good news and we will be hoping for better market for cryptocurrency and bullish if possible.

It is mere speculations, just like in the past. The price of bitcoin can go in any direction, irrespective of the hash rate. Currently, the price has dropped back below 12k with little resistance between 11.6k and 11.7k. Unless you buy when it was 12k and sells shortly after a few rises, if not you must be lost by now. When the price of bitcoin break high like this, people take profit which result in price but hopefully ones this barrier is overcomed, then we can go ahead above 12k again

It's hard to say, but "do" invest.

Bitcoin is a pretty good asset on the way from year to year, 2020, for me is a good year to start investing as the OP said.
If you look at the price movements so far, Bitcoin prices are always changing all the time, meaning: 2020 is an interesting year so far if I invest, I also do that.

There are other things that make Bitcoin investment in 2020, namely: the 'halving' that happened a few months ago, of course this reason is also the thing that believes this year is the best for investment.

Of course, by successfully breaking the $ 12,000 resistance price, it becomes good news for Bitcoin holders. But if we look right now Bitcoin
correction to the price of $ 11,700 makes some people doubt Bitcoin will continue to rise until the end of the year. Even though price correction
is a healthy thing, and it needs to happen to rise even higher. I agree that the following target Bitcoin will be a rally towards $ 15,000.

There are not too many hypothetical people who are that dumb, who bought BTC at the peak price in late 2017 or early 2018 and sat on their hands for nearly 3 years.  Either those likely weak-handed diptwats already sold their BTC, or they continued to buy BTC over the past nearly 3 years, so their average price per BTC is likely quite a lot lower than $20k and may well even be quite a bit lower than our current BTC prices.

Furthermore, even if there might happen to be some dumb people who fit in that category and are planning on selling in the ballpark of the previous ATH, they are likely to be way out numbered by buyers, so sure they can sell, and we have seen how this has played out in the past when BTC returned to previous ATH prices and just zoomed past such previous ATH prices at a relatively quick pace.

for me and to you maybe because we didnt invest last past years where btc is at 20k usd as its too much and rich people can only think of investing on that price . they are the ones that still need to recover  .

 there are those who loose and needs to recover in the form of investing in btc  . these people arent going to profit even of bull run comes because they need to recover thier lost first before thinking of the profit .

Someone who is an accumulation stage in their bitcoin investment would be dollar cost average buying into bitcoin (and perhaps buying on dips), and such person has had 5 months of income that has come to them since March.  Therefore, such person would perhaps have money now that such person did not have in March, but presumably that person has been buying BTC all along with a portion of their income that is comfortable for them and depending upon which stage of the BTC investment that person happens to be.

If such person is in a btc accumulation stage, such person is accumulating until s/he gets to the point that s/he feels that s/he needs to be... whether that is a 1% BTC allocation, a 10% BTC allocation or some other amount that is comfortable to such person.


Currently, as I type this post, "we" do not know whether BTC prices are more expensive now as compared with the remainder of the year.

Comes off as a very risky strategy if you ask me. Trading between 3500 and some 12000 last 12 months. Trading right now near it's highs for the year, hard to tell the price direction going forward. Only thing we can tell for sure is that it is quite expensive right now compared to the rest of the year.

The month of March was a good time to invest in Bitcoin, there was panic in the streets and the price of Bitcoin touched some 3500 dollars. It's had a bull run for the last six months, and the easy profits are already gone. If you didn't invest (more) in March, why should you do so now at almost 12,000 dollars?

$ 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...

Good News for a certain individual that already bought Bitcoin when the price is still not in peak, and for the people that are only holding and waiting since the beginning of Bitcoin, that are the lucky ones that don't lose faith on it,

And Bad News for late in buying Bitcoin, well they can still buy today and hope OP would be right in the latter of the movement of the hash rate but then again the price is not determined with that,

The price is still increasing and as we are now the ATH is nearing but apparently correction is still there and no one know when can it strike.

The phenomenon that you refer to is also known as "coiling".... good luck with your purported fantasy of a "quite slow pace" nowdays.


Nothing wrong with that, and BTC is an assymetric bet, so you can do quite well with a relatively small amount of capital, but if you want to do well, it is probably better to put more than $100 into it.. but hey, "doing well" is a relative concept, too.



Are you short-term bearish and long term bullish?

You think down before up?


hahahaha

hear that nonsense all the time.. so gotta attempt to find some humor in almost any variant of it, no?


fair enough.


I agree... good to prepare for up, too, just in case.


It is never bad to buy bitcoin...

Just establish a long term BTC plan, and just continue to buy BTC on a regular basis until you reach your BTC accumulation goal.

Once you reach your BTC accumulation goal, then you can fuck around with guessing if the BTC price might go up or down or whatever.

The fact that the cryptocurrency market grows in price in the second half of July and in August, when traditionally at this time business activity freezes in all markets, is a good and encouraging sign for market participants. If, in mid-August, bitcoin finally overcomes and holds the price of $ 12,000, then what will happen in the fall, when prices in the market usually rise much higher? Of course, it is now much more profitable to buy bitcoin before it has risen much higher in price.

I agree, we don't see those crazy jumps nowadays, is hard to predict when the massive bump or dump will happen, but in the past months we have seen only a small oscillation in the prize, so, our only option is to hold and watch how does this bump ends.

I think it's 20k time yet, that will take at least one more year.

Price moves on a quite slow pace nowadays - or might be me not being that obsessed with checking it 24/7 anymore. But slower bumps are much healthier imo than what we've had few years ago.

As an advice, I'm not sure I can give one that'd really be efficient besides assessing your risks and investing what you can afford to lose. In my opinion, while short term has a little question mark, longer term should look great. But even if it ends up not being so, I'd take it as an opportunity to buy it. My biggest reason is the halving. 2021 is going to be an interesting year.

Depends. Could turn out to be the opposite instead. I guess luck is a thing here as well.

We are no longer in 2019.

We are over a year after that 2019 pumpening that had gone from about $4,200 to $13,880 within about 3 months.

If you believe that the same thing is going to happen, you are failing or refusing to recognize significant aspects of bitcoin, whether we are referring to cycles, supply/demand fundamentals, networking effects or other factors.


hashrate is a decently strong fundamental, too.. but surely, it is not the only consideration to account for.

What are you doing pixie85?  You selling and expecting to buy back lower? 

You anticipating a drop to sub $7k or maybe lower - which would surely be reachable if you believe that this time is not different than 2019?

If you are merely waiting for sub $10k prices, then of course, we are both within striking distance of sub  $10k and you might have some decent odds of reaching sub $10k,,, maybe 40% or higher, but hopefully you have also prepared for UP... it is dangerous to only prepare for one BTC price direction, especially when we are quite likely in a decently strong bull market.. under quantify "strong" to your peril.


Hopefully, there are not too many people who are doing that, but there surely are people who are just finding out about bitcoin or just getting into bitcoin, and what kind of advice would you be giving to a newbie?  You want newbies to wait?  Do you believe that waiting is practical or prudent under current circumstances if you happen to be someone with little or no coin, currently?

Surely, my suggestion always is to attempt to prepare for both UP and down, and if you are newly establishing yourself in bitcoin, then preparing for UP means to buy a little, and surely if you suspect that the BTC price might go down, you might choose to buy a bit less BTC at the current price, but you surely are not going to be prepared for UP at all if you do not have any BTC, you do not buy any and you merely wait because some random peep on the interwebs believes that we are in a 2019 pattern, even though we are over a year later and there are quite likely significant and material factors that have changed since 2019.. but the random peep on the interwebs wants you to believe that this time is not different (even when it factually is different)?

That’s got a pretty easy fix in this case: Ever wondered on how many days BTC has been above a certain value?

The data runs up to nearly the end of last month, and I wasn’t really planning on updating the content, but since I was quoted on this thread, might as well drop by with the English version of the "source".

12 thousand isn't such a big news. We went higher than this in 2019 and quickly corrected below 10 thousand. What makes you think this time it's going to be any different?

If the hashrate and the short term price are the only reasons you choose to invest in Bitcoin you are doing it wrong.

I'll also add that if you didn't buy at 5,6,7,8,9 thousand and are buying now because it's near 12 you are also doing it wrong.

Nah, I don't think this is the right time to invest on Bitcoin. They might be too late, and the hype was just making it rise hence if soon the market goes down, investors would only wait for more months as they just invested due to the whales. Even a lot of huge personalities in financial and crypto world are giving more hype as they kept on predicting the rise together with the break of Bitcoin's resistance. Therefore, only those who know how to day-trade could make profit with the current whales.


You should've used english instead This isn't local board to quote Ddmr's spanish (i guess) post.

We must not forget the historical moment in which we are, no!, not for the price of $ 12k which we have already exceeded more than +59 times (this data thanks to a table of DdmrDdmr). The moment it happens is what is really important "ehe pandemic" , in this case for me.

If! you have to get excited but sensible, it is the "organic" nature of bitcoin.

You can see this table with the all-time highs for bitcoin, courtesy of @DdmrDdmr
https://docs.google.com/spreadsheets/d/1ukVQfvvopAp9mjAtwnA0DQhPLv6L1AomCitFGQ_NGh8/edit#gid=0

Original source of consultation:

It is quite late. I had thoughts of investing at the $9k point but hesitated which gave me regrets at this moment. Investing right now would still be a good idea especially if we would see a rally now that the resistance is broken. Based on the market price behavior, green marks are dominant but the risk stands with how long will we see this motion.
Investing to alts having a momentum is what I am planning right now because those coins are having quite a consistent upward motion. But I won't advise doing such thing because huge names in thia industry has a higher chance to go along with the bullish trend.

I agree that wording should be really carefully chosen, digital communication could lead to a lot of miscommunications.
Investments should be based to a lot of things and hash rate may be of help but there are more considerations to be taken.
Although these changes with the price of Bitcoin is really a good news, especially to those who bought early and are gaining profits now.

The peak that we recently saw was $12,300 and $12,400 in some exchanges. While posting here, it is starting to correct so we're on the sign again that those people who have missed the buying opportunity still have enough time to buy.

Correction is occuring and last seen to $11,935 and it could go a little bit more. If seen to be at the range of $11,500 - $11,800 that could be the support and the price which is considerably good to buy unless you want it way lower.

Emphasis on the word "might" or not, if you think about it, it still ends up being pointless. We could spend all day saying things that might happen but it doesn't change the fact that no one knows what will happen in the end and it will always come down to supply and demand.

With your reasoning, the only sign that we're seeing is that miners seem to be bullish on bitcoin, and that's pretty much it. I don't get how you concluded that bitcoin might rally to 15k just because of the said fact because I don't see much connection at all.

i still remember when Hashrate is around 1 ExaHash couple year ago. but in my thought maybe some people want make profit in this early bitcoin boom. and if u remember there's lot of people join mining not just bitcoin when bitcoin boom at 2017. so i agreed with this guy opinion

Don't give me that crap about reading before posting, you should be the one thinking twice before posting.


Your first line was clear, you left no room of doubt, "Now is the time".
The fact that you added might and maybe and probably after it doesn't change the thing that you started your topic with a clear idea in which you related the hash rate to a jump in price, clearly stating, I repeat, "now is the time".
So this comes down to two things, you're either trying to make clickbaitish title or topics to gain attention or you don't double proof your posts, or better than those two don't snap at people pointing out your mistakes.

MIGHT the market will do the rally or it will dump soon, people will still invest Bitcoin no matter what the hash-rate shows, they never think about but just focusing on the price trend.

I do believe it was good news by then seeing that we broke already the $12k resistance. Those who buy earlier will absolutely are be profiting by now. This could might also an encouraging moment for the others to invest as the momentum continues to look positive every other day.

you are forcing it!
it makes no sense since a miner is already getting paid in bitcoin for the work they do. why would they also buy bitcoin? if they wanted to make a bigger investment they would buy more ASICs and mine more bitcoin.

it was mostly FUD rather than anybody being worried. it happened during last halving too. besides the hashrate drop was not even significant.

well when you talk about how this is a good time for investment and then also talk about how this is the time hashrate hit the ATH that seems to be the only logical conclusion.

definitely. there are all signs of the bull market starting and there is a good momentum which means it is a good time for invetment.
although better time was when price was below $10k and everyone else were crying about it and were waiting for dumps to $1k and stupid things like that

Then arguably you need to choose your wording more carefully.  Your opening lines in the OP appear to imply that now is the time to buy based on the news of the hashrate.  I can easily see how someone could come away with the wrong impression if that's not what you meant to say.

Hash rate is a good indicator of the Bitcoin network's health. A high hash rate, when compared to a lower one, is preferable as it effectively means the network is more secure so it is either a good or bad news for everyone. But despite of that , it is not the only factor that we consider on investing in bitcoin. Bitcoins value is not just based on the hash rate indicator and prediction.

Hash rate cannot determine the price of the Bitcoins , but the thing is when during Halving the hash rate declined , some were worried now we have encompassed that factor. Therefore that's a "+" for the community and at the same time we did break through the resistance of 12k!!

Plus there is a reason I wrote MIGHT , which does state that , rally might happen .

_*_

The post was to celebrate how we have had :

- encompassed 12k
- recovered the hash rate

_*_

Please read before actually putting assumptions since there was no where that I did say that hash rate is an indicator of price. Since we are having some good news , I do believe this is a good time for our investments. Wouldn't you agree on that ?

When we talk about the hash rate, we are talking about fundamental analysis, about the extent to which we can explore the fundamental situation of blockchain technology, in this case Bitcoin.
So, from the miners' point of view, the higher the ASIC mining specifications, the more likely it is to have a bigger chance than other miners with lower specifications, especially if there are more ASIC mining units.

Impact on the Bitcoin Price
Well, when talking about this the answer is quite difficult. But, let's look a little further back with this assumption: If the hash rate is high, the miners will be more confident about buying Bitcoin in the market. There are also more or less miners, but the ASIC miner specifications are higher than before.

Daily hashrate fluctuations are irrelevant.
It depends a lot on the 24h interval you chose to analyze, the luck in mining blocks can heavily influence this, for example, bitinfocharts who has a different hourly interval reported 139exa on the 25th:
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m
For the same ay bitcoin(com) reported 120.
Also, blockchain.info reported a max peak of 129.

Besides, on the current pace we're experiencing, the predicted difficulty is somewhere around:

Exactly, the increase in hash rate is not a trigger for a new price jump, it was caused by the last one.

I'd say, in terms of investment advice, basing any decisions to buy solely on hashrate alone isn't logical.  There have been plenty of opportune moments to buy in when the hashrate was comparatively lower, so (from the perspective of a speculator) there's no guarantee of ROI just because the hashrate is currently up.

When looking to invest, always take a measured overview of the asset as a whole.  Don't just cherry-pick the aspects that happen to look good at the time.

you can't predict price or make investment decisions based on bitcoin mining hashrate at all because hashrate changes after the price moved and since it has been rising for a while now breaking $10k first then $11k and now $12k consequently the hashrate had to follow that too.

it is neither good news nor bad, it is how things have been forever. not to mention that there are a large number of other reasons that are affecting hashrate for example a couple of countries that have very low electricity cost have entered the mining scene with huge mining farms over the past couple of months.

some shittoken that is abusing bitcoin name is not even known let alone be popular!!!

If you are thinking of Investing in Bitcoins , now is the time , the hash rate hit an all time high of 130 Eh/s yesterday and we did break through 12k!!

Now in simple words hash rate determines how secure the network is , now resistance of 12k has been already broken and people who brought Bitcoins yesterday are already in profit.

We might start a rally towards 15k

Why is hash rate **all time high** so important ?
                _*_
Well due to halving the small miners had to shut down their business and therefore the hash rate dropped , as predicted since they won't be able to pay for the electricity bills with the halved reward , but major companies involved in Mining did overcome this problem and here we are .
             _*_

It might be the cause of wrapped BTC tokens being popular or even due to the increasing prices of gold which is causing Investors to shy away from investing in the market.

There are a lot of reasons why we are going forward , but at the end of the day I do believe 2020 is going to be a good year for Bitcoins , hash rate has been compensated for and the resistance has been broken.

Invest !! HOLD!!!

What do you think ??

______
https://news.bitcoin.com/bitcoins-hashrate-hits-record-high-130-eh-s-as-btc-price-faces-resistance-at-12000/

*_*