Topic: What do you think about Bitcoin? - page 3. (Read 1386 times)
When I hear bitcoin, I think it's like a financial product managed by a global company like Paypal or others, but when I saw the news that bitcoin experienced a fantastic increase in 2013 it made me interested and read some writings on the internet about bitcoin and it also made me interested in hunting bitcoin because from 2013 to 2016 it was still easy to earn bitcoin from giveaways, faucets and so on.
I heard bitcoin at the beginning of 2014 when many media reported that bitcoin price fell from more than $1000 to under $300 and continued to decline until it was below $100, they seemed to think that bitcoin would die but in fact bitcoin can go through these difficult times and slowly rise and it is getting more and more popular until now, the thing that makes me happy with bitcoin is that the price keeps going up so it can be the most profitable long term investment.
There's more positive news than the fuds but I too wonder that the price didn't increase but instead it falls down more evenly, will this mean that fuds are now more stronger than the positive news? Hmm.. or it can be because many newbies have entered crypto lately and they are easily get affected by the fuds, which then affects the market badly.
In addition to that, whales are also doing their thing (dumping the market) so that they can purchase more coins, in preparation for the future bull runs. they know that bull run is coming since it didn't come for a while. Don't rely too much on large institutions, they are already doing their part and you should do your part too.
If we could see that, that means they know we could see that, and maybe they are not dumping because of it, they just want you to think that they are dumping. That is the thing with whales, they are so rich and so powerful that they could even not do anything and still make you get scared.In addition to that, whales are also doing their thing (dumping the market) so that they can purchase more coins, in preparation for the future bull runs. they know that bull run is coming since it didn't come for a while. Don't rely too much on large institutions, they are already doing their part and you should do your part too.
Maybe this was a proper drop in price and they had nothing to do with it, and maybe they were the ones that dropped the price, we have no idea which one happened. All in all buying bitcoin (and maybe a few other coins that you absolutely trust) could lead you having a great return in the long run no matter what whales are doing, if you have the patience for it, you could get rich and that is known.
it is certain that for the future there will always be an increase by bitcoin, especially after the halving period that will occur. but at this time the correction continues and cannot stop even though many countries have adopted bitcoin but have not been able to move it to increase. Usually when there is good news it will trigger an increase. but it looks like Fud is still around or it could be that the whales are indeed playing to their advantage. large institutions that do hold bitcoins be large enough to be able to provide support so that bitcoin does not experience a long correction.
There's more positive news than the fuds but I too wonder that the price didn't increase but instead it falls down more evenly, will this mean that fuds are now more stronger than the positive news? Hmm.. or it can be because many newbies have entered crypto lately and they are easily get affected by the fuds, which then affects the market badly.In addition to that, whales are also doing their thing (dumping the market) so that they can purchase more coins, in preparation for the future bull runs. they know that bull run is coming since it didn't come for a while. Don't rely too much on large institutions, they are already doing their part and you should do your part too.
I wonder when the price of Bitcoin will reach $ 100k +. Because at present the approval of bitcoin is increasing in different countries. And different countries based cryptocurrencies keep coming to the market. From that point of view, it is expected that the price of Bitcoin will increase the most. But in the next few years, the price of Bitcoin will continue to rise, so long-term Bitcoin will continue to improve. What is your opinion?
Bitcoin will reach 100k$ in the near future, the only problem is we dont know when or what year it will reach 100k$, that is why we need to prepare, CZ of binance says if we cannot hold we cant be rich and base on my experience that was so true, if only i hold btc from year 2017 to year 2021 maybe i become a millionaire.so in the next halving? if the trend continues then this will be at least 200k and above, but first we must take that 100k and then it will be the next target.
I wonder when the price of Bitcoin will reach $ 100k +. Because at present the approval of bitcoin is increasing in different countries. And different countries based cryptocurrencies keep coming to the market. From that point of view, it is expected that the price of Bitcoin will increase the most. But in the next few years, the price of Bitcoin will continue to rise, so long-term Bitcoin will continue to improve. What is your opinion?
Bitcoin will reach 100k$ in the near future, the only problem is we dont know when or what year it will reach 100k$, that is why we need to prepare, CZ of binance says if we cannot hold we cant be rich and base on my experience that was so true, if only i hold btc from year 2017 to year 2021 maybe i become a millionaire. 
I wonder when the price of Bitcoin will reach $ 100k +. Because at present the approval of bitcoin is increasing in different countries. And different countries based cryptocurrencies keep coming to the market. From that point of view, it is expected that the price of Bitcoin will increase the most. But in the next few years, the price of Bitcoin will continue to rise, so long-term Bitcoin will continue to improve. What is your opinion?
it is certain that for the future there will always be an increase by bitcoin, especially after the halving period that will occur. but at this time the correction continues and cannot stop even though many countries have adopted bitcoin but have not been able to move it to increase. Usually when there is good news it will trigger an increase. but it looks like Fud is still around or it could be that the whales are indeed playing to their advantage. large institutions that do hold bitcoins be large enough to be able to provide support so that bitcoin does not experience a long correction. 
You just need to understand the market in general to trade where you may still be able to hope to make a profit just by buying low and selling high. But in reality crypto trading is not as easy as we think where many factors influence us to get maximum results in the end.
I wouldn't encourage new people to trade, but rather encourage them to invest where the risk they take will be worth the gain. Especially if they are interested in bitcoin then they will be safe to expect profits in the long run without being overly concerned about price volatility. So if they can focus on the initial goal then maximum profit can still expect rather than wanting to make a quick profit by day trading.
Buying low and selling high is not really that difficult in the crypto world neither. All you have to do is wait for a crash, which happens at least once a year, sometimes even more frequently and then you will just wait for it to go up to level you want to see it. That is literally all you have to do, but when it crashes something happens to people and they end up selling when it is crashing because they get afraid.I wouldn't encourage new people to trade, but rather encourage them to invest where the risk they take will be worth the gain. Especially if they are interested in bitcoin then they will be safe to expect profits in the long run without being overly concerned about price volatility. So if they can focus on the initial goal then maximum profit can still expect rather than wanting to make a quick profit by day trading.
People need to realize is that you buy when it goes down, not sell and for some reason people never understood that. Getting scared of keeping your money in crypto just because it goes down is the exact opposite of what you need to do, when you realize that, you will do better.
Bitcoin is unpredictable, it can pump today and dump tomorrow without any permission from the government or investors. It will be difficult for bitcoin price to reach $100k this year 2022, but it will reach $60k very soon for traders to start earning from the market because the price is still moving between $45 and $46.
Despite the price of bitcoin is not stable yet, but in next few weeks the price will start developing some positive things that will keep the traders busy, till it hit $60k before the end of the month for traders to smile again.
Despite the price of bitcoin is not stable yet, but in next few weeks the price will start developing some positive things that will keep the traders busy, till it hit $60k before the end of the month for traders to smile again.
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Unfortunately this is very common, a lot of people see the ads on the Internet about how someone with no experience bought bitcoin and then they became rich and then they want the same for themselves, not understanding that while such a thing is possible very specific circumstances had to happen to produce that result, so when they come to the market with those mistaken ideas and then they realize their dreams were never possible they get disappointed in the market and then they incur massive losses.with more and more famous name bitcoin, automatically encourage people to try to buy bitcoin with their minimal experience. they don't want to learn first the history of bitcoin, and also the history of its price, all that comes to their mind is profit and get rich overnight. I always remind new people that buying bitcoin is easy, but understanding it and believing in it takes time.
this happens because of the belief of buying and holding for a long time and making a profit of 2X or more. just think:
if people hear about bitcoin, when they hear about bitcoin they hear about holding so they're just going to focus on buying and holding, they're not going to focus on a lot of technical details and know about bitcoin history, that's what they knew then what matters to them is to do hodl
the things you mentioned are true often happen nowadays...
with more and more famous name bitcoin, automatically encourage people to try to buy bitcoin with their minimal experience. they don't want to learn first the history of bitcoin, and also the history of its price, all that comes to their mind is profit and get rich overnight. I always remind new people that buying bitcoin is easy, but understanding it and believing in it takes time.
You just need to understand the market in general to trade where you may still be able to hope to make a profit just by buying low and selling high. But in reality crypto trading is not as easy as we think where many factors influence us to get maximum results in the end.with more and more famous name bitcoin, automatically encourage people to try to buy bitcoin with their minimal experience. they don't want to learn first the history of bitcoin, and also the history of its price, all that comes to their mind is profit and get rich overnight. I always remind new people that buying bitcoin is easy, but understanding it and believing in it takes time.
I wouldn't encourage new people to trade, but rather encourage them to invest where the risk they take will be worth the gain. Especially if they are interested in bitcoin then they will be safe to expect profits in the long run without being overly concerned about price volatility. So if they can focus on the initial goal then maximum profit can still expect rather than wanting to make a quick profit by day trading.
...
Unfortunately this is very common, a lot of people see the ads on the Internet about how someone with no experience bought bitcoin and then they became rich and then they want the same for themselves, not understanding that while such a thing is possible very specific circumstances had to happen to produce that result, so when they come to the market with those mistaken ideas and then they realize their dreams were never possible they get disappointed in the market and then they incur massive losses.with more and more famous name bitcoin, automatically encourage people to try to buy bitcoin with their minimal experience. they don't want to learn first the history of bitcoin, and also the history of its price, all that comes to their mind is profit and get rich overnight. I always remind new people that buying bitcoin is easy, but understanding it and believing in it takes time.
I wonder when the price of Bitcoin will reach $ 100k +. Because at present the approval of bitcoin is increasing in different countries. And different countries based cryptocurrencies keep coming to the market. From that point of view, it is expected that the price of Bitcoin will increase the most. But in the next few years, the price of Bitcoin will continue to rise, so long-term Bitcoin will continue to improve. What is your opinion?
the price of bitcoins don't have to depreciating, and is very understanding that instead of the price of bitcoins to come down it will keep on going up because of it adoption, i know that whenever year come's up bitcoin price also come up. 
I wonder when the price of Bitcoin will reach $ 100k +. Because at present the approval of bitcoin is increasing in different countries. And different countries based cryptocurrencies keep coming to the market. From that point of view, it is expected that the price of Bitcoin will increase the most. But in the next few years, the price of Bitcoin will continue to rise, so long-term Bitcoin will continue to improve. What is your opinion?
it's true that bitcoin will continue to improve, we already know that the total supply of bitcoin is 21 million and if you look at those that have been circulating as many as 18,995,987, it is estimated that there will be approximately 2 million left to be able to do mining.If you look at blockchain.com information, that the world's most popular cryptocurrency , it is predicted that the remaining 10 percent supply will last until February 2140.
With bitcoin becoming increasingly scarce and many wanting to make investments either by state institutions or large companies, the price increase is just a matter of time. so if before the next halving it is not impossible that bitcoin has reached $100K. so bitcoin is still the best to invest now and long term.
In the long run, Bitcoin is far more positive than in the short run. Bitcoin's short-term price is continually changing. Volatility is what it delivers. The price might suddenly fluctuate in the hundreds, if not thousands, of dollars. As a result, betting on Bitcoin's short-term price is not only dangerous, but also potentially unprofitable. The long term, on the other hand, virtually always ensures a return on investment. This is why day trading is less exciting than patiently holding.
Same thing happens with even altcoins. Yes, choosing any coins for a short term, there is going to be less profits and more pressure on your mind. But yes long term investment and that might be on any crypto coin, is going to be bring in huge profits and thats what all experts say it. They do have experience in it and lets just simply follow it. Bitcoin growth increases its demand for it among investors. As long the demand is more, the value is going to be much higher.
Bitcoin on the long run is going to do well base on historical data and it will someday hit $100,000 price target everyone has been hoping for, it can be imminent it , next year or more , or even after next halving. Though there are other crypto currencies to solve a particular problem but Bitcoin will always be the Boss base on how the algorithm is programed.
Bitcoin itself may not be the "easy payment" anymore like it used to be. We are paying a good amount of money for the transaction nowadays and even during that, it may take up to hours for that to happen. So, you can't just order a coffee with bitcoin anymore, it takes a lot more than that just to pay the transaction itself.
However, there are other cryptos that can still do that, which is awesome and that is why I believe that crypto is still a much better version of cash. Debit cards, credit cards, cash all of them are old methods and crypto is much better right now. However, bitcoin itself is great as well if you are sending money to another nation, still cheaper and still faster for sure.
How much is that good amount of money? I send bitcoin last time but I only pay less than a dollar as fees, that is not much and the cost of the item that I am paying is more than the fee. It only becomes weird if you pay more for the fee more than the item that your getting. This is what we're going to experience when we buy a cup of coffee but using ethereum as payment. Transactions speed of btc is not that slow but it can only take less than 5 minutes according to my transaction last time. Btc have it all and there is no real need for other coins IMO. If many people realize this fact, btc is the only coin they will need, making btc value reach 100k easily. However, there are other cryptos that can still do that, which is awesome and that is why I believe that crypto is still a much better version of cash. Debit cards, credit cards, cash all of them are old methods and crypto is much better right now. However, bitcoin itself is great as well if you are sending money to another nation, still cheaper and still faster for sure.
Bitcoin itself may not be the "easy payment" anymore like it used to be. We are paying a good amount of money for the transaction nowadays and even during that, it may take up to hours for that to happen. So, you can't just order a coffee with bitcoin anymore, it takes a lot more than that just to pay the transaction itself.
However, there are other cryptos that can still do that, which is awesome and that is why I believe that crypto is still a much better version of cash. Debit cards, credit cards, cash all of them are old methods and crypto is much better right now. However, bitcoin itself is great as well if you are sending money to another nation, still cheaper and still faster for sure.
Even today, it is still quite easy when you use the right methods. There are places that ended up using stuff like apps and all, and if you use that then it becomes a lot faster because it is basically inter-changeable for them. However, there are other cryptos that can still do that, which is awesome and that is why I believe that crypto is still a much better version of cash. Debit cards, credit cards, cash all of them are old methods and crypto is much better right now. However, bitcoin itself is great as well if you are sending money to another nation, still cheaper and still faster for sure.
Like let's say you are doing coinbase to coinbase, or binance to binance and in that case we get to see a lot more people and a lot more chances.
This is how you make money and I believe that people will keep on making a lot more money that way. Obviously speaking its not there just yet, but we are seeing a lot more these options that allows people to go around the transaction times and costs when paying for something.
The thing that I feel after knowing bitcoin for almost 10 years is the ease of transactions, although now the payment system is getting easier but to send money to other countries in small amounts, bitcoin is the best solution because the transaction fees are cheaper and of course the transaction speed is better than fiat. and another reason nowadays is because of the ever-increasing value that keeping bitcoins for long term investment is very profitable.
Bitcoin itself may not be the "easy payment" anymore like it used to be. We are paying a good amount of money for the transaction nowadays and even during that, it may take up to hours for that to happen. So, you can't just order a coffee with bitcoin anymore, it takes a lot more than that just to pay the transaction itself.However, there are other cryptos that can still do that, which is awesome and that is why I believe that crypto is still a much better version of cash. Debit cards, credit cards, cash all of them are old methods and crypto is much better right now. However, bitcoin itself is great as well if you are sending money to another nation, still cheaper and still faster for sure.
When I first got to know bitcoin, I thought it was the same as the payment system that was trending in 2011 namely Paypal, initially using bitcoin was confused because I made a wallet on blockchain.info without email registration, only relied on many characters so when I deposited 0.475 btc I lost bitcoin which I collected from giveaways and faucets.
There is nothing wrong with that, many people thought that it was a payment method with some layers on it. And it is not really that different right now neither, that is not too far away from the truth. Just a bit more complexity involved, but if you really want to use it like paypal, if you just want to turn your own nations fiat, to crypto ,send someone, then that person turns that into their own fiat, that is still a paypal like thing with some added layers.However, after a while we learn that it is not just about that, it is not even about that on the main scale, there are a lot more things involved with it along with making a profit as well.
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