Growth of Bitcoin? | Bitcointalksearch.org

Hamza2424

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And don't forget blockchain technology is known by bitcoin! Am I right?

DUDE the market dip or pump can be seen as profit booking of major players and in simple you can say change of hands as a whale bought at 20k now on 40k market is dumping its change of hands or distribution an opportunity for other player who want to take entry they are going to hold until 60k or whatever their target is. So that is what we call cycle weak hands lose money in this cycle and strong hands book massive profits.

gloriamartin

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@jashbir67 It is a good reason for governments from other countries to get involved. If they do think of that, they will have to look for bitcoin experts too. This is only going to increase the overall popularity of bitcoin making it even more costlier.

Luqman

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

And donot forget blockchain technology is known by bitcoin! Am I right?

Blockchain technology was started to be well-known after the finding of Bitcoin and to this time, Bitcoin becomes more and more popular making many more altcoins are also created. that is why blockchain technology is also massively adopted to create a cryptocurrency. But, there is also additional development where in fact, due to the time, blockchain technology is not only used for cryptocurrency. Some companies, governments, and also industries also use blockchain technology to support more advanced systems. This is good enough.

Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

Such a huge volatility means big players are manipulating bitcoin

We still cannot confirm this, about manipulation and who did this. But sometimes, there is market manipulation, FUD spreads, hype, and also the cycle of bullish and bearishness. Those are what has always happened to the crypto world so far.

Yamifoud

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Quote from: jostorres on January 22, 2022, 05:35:01 PM

Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

Everything you see in the cryptocurrency market is not really about whales and manipulation. Sometimes the market can just be going up and down due to the demand and supply; the thing that moves the price is basically demand and supply, and we have been told times without number that when the demand is high,the price increases, and when demand is low,it decreases.

So, it is not every time that you see the price drop that it is being manipulated. It can just be a normal fluctuation of the price. Furthermore, Bitcoin has really grown too big, and it would be very difficult for anyone to manipulate it this time around. So, it is mostly all about demand and supply. And of course any country that would adopt Bitcoin would still adopt it, they already know that’s how it is.

Not at all. The market is too big for now to blow the blame into them (whales) for manipulating the market, I guess they are not enough to move the market. There are several market players that could affect it but at this time, I heard nothing FUDs, banning issues, SEC issues, this decline had come naturally and I think, this will also recover naturally. That is why I don't even bother myself thinking about selling off, but what I just did is to keep calm and hold coz I know this will be over soon.

jostorres

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

Everything you see in the cryptocurrency market is not really about whales and manipulation. Sometimes the market can just be going up and down due to the demand and supply; the thing that moves the price is basically demand and supply, and we have been told times without number that when the demand is high,the price increases, and when demand is low,it decreases.

So, it is not every time that you see the price drop that it is being manipulated. It can just be a normal fluctuation of the price. Furthermore, Bitcoin has really grown too big, and it would be very difficult for anyone to manipulate it this time around. So, it is mostly all about demand and supply. And of course any country that would adopt Bitcoin would still adopt it, they already know that’s how it is.

Sled

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Quote from: BIT-BENDER on January 20, 2022, 06:01:33 PM

Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

Some country economical strength can be in various form, I know mine is highly sponsored by crude oil, so I don't think countries would be looking into Bitcoin just because of a country gained or failed from it, infact any country that truly adopts Bitcoin should look beyond the investment purposes and how crypto-currency can help out it's citizens form problematic traditional means, both now and in the future.

I hope this could be realized as we know that people are coming into Bitcoin for investment, nothing it called beyond investment. Bitcoin will continue to grow not because of being manipulated or being used but it is probably because more people are investing and their numbers are crazily growing day by day.

Those countries who adopt crypto and invest in Bitcoin I hope that their intention is to help their citizens, not just only for their own.

jaberwock

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We are no longer in pre 2017 era where whales could manipulate the Bitcoin price ? No one can manipulate the market as its a monopoly and the news about El Salvador legalizing bitcoin is welcoming new which might have a postive affect in the market as other small nation's will follow the same approach towards bitcoin.

Surprises me that by now a lot of people still think that the price of Bitcoin can be manipulated by just anyone. Things has changed and Bitcoin is bigger than it used to be before, and due to the high market cap that we have now, no one can easily manipulate the market. It is only altcoins that can easily be manipulated by the whales, because altcoins have a small market cap. As for Bitcoin, it is not about manipulation, we already know that it is a volatile market and the price can go up and down at anytime.

So, I still don’t get why a lot of people would be complaining when the market is down, they only expect it to keep going up, and they forget that it is always going to go both ways and not just only increasing value.

BIT-BENDER

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

Some country economical strength can be in various form, I know mine is highly sponsored by crude oil, so I don't think countries would be looking into Bitcoin just because of a country gained or failed from it, infact any country that truly adopts Bitcoin should look beyond the investment purposes and how crypto-currency can help out it's citizens form problematic traditional means, both now and in the future.

muratsink

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we say that bitcoin investment is an investment that is growing rapidly in this century where a lot of miners have continued to be in bitcoin in the last 10 years we can say bitcoin is an investment that is most engaged in by enthusiasts at this time in contrast to investments that another because bitcoin investment is very transparent and open so that we are free to choose to release bitcoin or continue to mine bitcoin so as not to release it on the stock market at a low price, thus reaching the peak of popularity with such high trust

oHnK

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The condition of El Salvador which has legalized Bitcoin is one of the advancements of technology that has existed since a few years ago despite its implementation, this is filled with certain reasons and motives that we may not know. Bitcoin and crypto have indeed shown significant developments not only from El Salvador, the results of Linkedin's publication that crypto and Bitcoin are the most sought after positions, even more than 400% increase from the previous year and have beaten the IT position.

stomachgrowls

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Quote from: rodskee on January 19, 2022, 06:31:19 AM

Quote from: noormcs5 on January 19, 2022, 04:22:52 AM

Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

El Salvador has made bitcoin legal tender and it is the only county to do so. But keep in mind that bitcoin is volatile and therefore you should expect pump and dump in the prices. The cryptocurrency market is not stable.
There are times when bitcoin prices are higher , then no one complain, but as the bitcoin prices declines, we see people concern about the volatility.

and not because EL Salvador adopted Bitcoin as tender Legal meaning the price will completely pump up because that country is too little to make changes in the market position that easy, i think they have just added a positive reviews in short term but now the popularity subside because there are no other country that follows their movement.
and their president keeps shilling for Bitcoin in desperation to make the price increase so high so this will favor their purchase and the economy will also benefits from the increase.
maybe in future we can see changes but for now? we are still waiting for more adoption .

We dont know if the President of El Salvador does really have that intent or totally just minding off on adopting it for the sake of hard support of this tech but of course it couldnt really be ignored that

investment matters on this one since we do know on how this market moves basing off with the demand.They arent on a rush for sure and other countries doesnt really mean that they dont recognize

on what El Salvador had done in terms of bitcoin adoption but surely if we do talks about recognition then it gets higher day by day.

rodskee

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Quote from: noormcs5 on January 19, 2022, 04:22:52 AM

Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

El Salvador has made bitcoin legal tender and it is the only county to do so. But keep in mind that bitcoin is volatile and therefore you should expect pump and dump in the prices. The cryptocurrency market is not stable.
There are times when bitcoin prices are higher , then no one complain, but as the bitcoin prices declines, we see people concern about the volatility.

and not because EL Salvador adopted Bitcoin as tender Legal meaning the price will completely pump up because that country is too little to make changes in the market position that easy, i think they have just added a positive reviews in short term but now the popularity subside because there are no other country that follows their movement.
and their president keeps shilling for Bitcoin in desperation to make the price increase so high so this will favor their purchase and the economy will also benefits from the increase.
maybe in future we can see changes but for now? we are still waiting for more adoption .

noormcs5

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

El Salvador has made bitcoin legal tender and it is the only county to do so. But keep in mind that bitcoin is volatile and therefore you should expect pump and dump in the prices. The cryptocurrency market is not stable.
There are times when bitcoin prices are higher , then no one complain, but as the bitcoin prices declines, we see people concern about the volatility.

Oshosondy

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The most interesting thing is that in December they predicted the growth of bitcoin to 100 thousand. So, now it is already quite difficult to believe the forecasts.

Why believing what analysts are saying all the time, haven't you learn from the past how people like to predict over what can actually happen, but know that bitcoin will get to $100000 one day.

Do your own research, do not believe what analysts are saying, they can be right or wrong.

Vaculin

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Winding down.

Quote from: fiulpro on January 18, 2022, 02:43:36 PM

Whales are essential as well, we cannot just cut off the manipulation that comes with the rich people investing in cryptocurrencies like bitcoins but most of the times their decisions are influenced by the economic situation of the country and also right now we are in the middle of the pandemic so with respect to people loosing their jobs, lack of money, security, lack of healthcare I think people are anyways pulling out their investments. Most of the times whales don't even sell their coins, they move them and on knowing people panic and due to panic they are the ones who actually kills the price. Plus with the adoption of Bitcoins in more countries and more areas you can expect the general public to invest more in there. The future is definately bright, it's about usability as well and not just the value as an asset.

Let's just accept the fact that as long as bitcoin remains to be volatile, whales too are also becoming inevitable from manipulating the market. But its not all the time that when bitcoin drops, whales are the main reason. If its time for its bearish cycle to move, majority of the coins will certainly suffer from price decline. And as bitcoin grows over the years, despite of its volatility case, it will also increase its adoption not just as an asset alone, but more on as a currency that can serve as an alternative to fiat.

fiulpro

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Whales are essential as well, we cannot just cut off the manipulation that comes with the rich people investing in cryptocurrencies like bitcoins but most of the times their decisions are influenced by the economic situation of the country and also right now we are in the middle of the pandemic so with respect to people loosing their jobs, lack of money, security, lack of healthcare I think people are anyways pulling out their investments. Most of the times whales don't even sell their coins, they move them and on knowing people panic and due to panic they are the ones who actually kills the price. Plus with the adoption of Bitcoins in more countries and more areas you can expect the general public to invest more in there. The future is definately bright, it's about usability as well and not just the value as an asset.

isaac_clarke22

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Quote from: mk4 on January 17, 2022, 10:01:40 AM

~

Quite hearing this a lot in many news articles with a title of "Bitcoin fell x%, whales s0lD it @ll". From that, I can see many people that haven't bought their first Bitcoin yet thought that Bitcoin is all about the whales.
We wouldn't had call it volatile in the first place if it is truly dictated by these so-called whales. They do exist, but it doesn't go further away from the definition that they're just holding a large amount of Bitcoin.

Mamun74

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Bitcoin price huge increase last 2-3 years.Since 2012-2014 bitcoin price was around $400-600$ but now $42k+.Bitcoin has been reached $66k+ in 2021 and broke all record price. I Think bitcoin will be more development and more grow. I hope new investor will come in soon. I still believe bitcoin price will recover soon and i hope bitcoin price will be reach $70k+ in 2022.

Congyang

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Quote from: mk4 on January 17, 2022, 10:01:40 AM

Quote from: Oshosondy on January 17, 2022, 09:57:28 AM

Bitcoin is not a coin that can be said to be manipulated, it's marketcap has increased to a level beyond to be called manipulate, Bitcoin is not those pump and dump altcoins or shitcoins that can easily be manipulated by whales.

Yes, the so called "whales"(basically just people with a crap ton of BTC) actually do exist, but they can only manipulate the market to a certain extent; but definitely not the case where most people think that they totally control the bitcoin market or something that ludicrous.

But yea, as the marketcrap increases, it's just going to get harder and harder.

having a lot of BTC doesn't mean you can manipulate it I guess.
because even though they can have a lot of btc in their wallet but indeed to say bitcoin manipulation I think it will still be very difficult.
On the other hand, we can't deny that people who have a lot of assets or can be said to be whales here can be dangerous because they can make moves to make their own profits, but on the other hand it will only have a small impact I think

Questat

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

They are in the participation of the market growth but we can't just blame them for everything that it happens in crypto. Maybe we could say that manipulations are seemed bulgar but I believe it can be changed somehow as people had already learned. I think it was the time to stop pointing whales for the drop, not anymore as the market is volatile and many factors that could affect it, not just because of manipulation.

Topic: Growth of Bitcoin? (Read 556 times)