What is your expectation - page 10. | Bitcointalksearch.org

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Quote from: gantez on February 19, 2022, 07:58:05 AM

We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem.

After El Salvador, many expected already (including me) that it would make a domino effect towards other countries.

Quote from: gantez on February 19, 2022, 07:58:05 AM

Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.

It already is. When they accepted it as a legal tender then they will regulate it. Its only a matter of time.

Quote from: gantez on February 19, 2022, 07:58:05 AM

What is your expectation of bitcoin ?

Bitcoin will be more popular globally, Bitcoin will be accepted and regulated by more countries in the future.
Bitcoin might be accepted by more establishments in the upcoming years. Nothing more. I don't want to expect too much as there is no surprise to it. Just expect the unexpected whether it would be negative or positive

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Quote from: GreatArkansas on February 20, 2022, 06:45:11 PM

Quote from: jostorres on February 20, 2022, 03:58:58 PM

Quote from: GreatArkansas on February 20, 2022, 06:45:47 AM

I already expected these before. After El Salvador and other countries started to see Bitcoin as useful and started to do some regulations about Bitcoin and not being strict to it anymore, it's become virus for me, look how it spread.
I am positive that this will continue, other countries are starting.

It is already expected ever since in the beginning that bitcoin will be adopted by many countries due to its usefulness. In the part where the country El Salvador adopt bitcoin, I actually have a bad feeling that some countries wont follow adopting bitcoin anymore because they saw how El Salvador struggle by the time bitcoin goes in a heavy dip but now that bitcoin recovers a bit, I think everyone had feel a relief now and can breathe normally especially El Salvador and maybe other countries have now changed their mind and they will now adopt bitcoin because they saw that bitcoin is really strong as it can recover no matter how long or how deep it falls.

So, the price of Bitcoin/volatility matters this time? I think if you are using Bitcoin as just a mode of payment or as legal tender, you will be not worrying at all, but for investment it is risky.
I know most people use Bitcoin as investment or just for money, but they must know how really Bitcoin works and it is main use.

But we can't also deny that even if we are using it on daily basis whether for investment or for dealing with other things still we will be affected since instead we pay less volume of bitcoin we tend to put up more numbers just to meet the exact amount which we want to pay to other people. But if they are into bitcoin investment or trading it then maybe we will not get worried about the price since as long as we continuously earning for sure we can earn more especially when the value rise up again.

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Quote from: gantez on February 19, 2022, 07:58:05 AM

We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem. Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.
What is your expectation of bitcoin ?

Regulation is always the best answer for us to expect adoption , because the government cannot have any power towards crypto transacting so being regulated is their main act to gather at least benefits from crypto.

Quote from: Vaskiy on February 20, 2022, 01:47:35 PM

I don't get the precise expectation of OP, but however the increasing acceptance of bitcoin on more real time businesses is part of growth. Right now only one country have considered it legal tender whereas majority are still in study. California State is the latest to consider bitcoin as a legal tender and there is no official announcement yet. As per the ongoing market demand countries are much focused on making cryptocurrency under regulation and have their own CBDC and very few are interested in making bitcoin a legal tender.

i think expectation about the price as the issue towards both countries that tries to adopt bitcoin is nearly to have war.

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Quote from: GreatArkansas on February 20, 2022, 06:45:11 PM

I think if you are using Bitcoin as just a mode of payment or as legal tender, you will be not worrying at all, but for investment it is risky.

Assuming you are using bitcoin as a legal tender, customers bought goods from you totalling $5000, but when you want to buy more goods to sell firy customers, the price of bitcoin has gone down 50% making you to only have $2500 at the time. Is that not loss at the time. But you can hold and wait for the price to increase which will surely happen but it can take time.

Quote from: GreatArkansas on February 20, 2022, 06:45:11 PM

I know most people use Bitcoin as investment or just for money, but they must know how really Bitcoin works and it is main use.

What I have noticed is that the value of bitcoin is in its investment.

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@GreatArkansas. Are you saying only as mode of payment without holding bitcoin? I agree if they hold their wealth in something more stable. However, if also held in bitcoin, volatility would certainly be more concerning if someone uses bitcoin as a mode of payment. People holding it to use as a mode of payment would presently be spending more coins than when it was $60k.

Inflation in America is 7% causing someone who holds the dollar lose 7% purchasing power. Bitcoin is -45% from the all time high price of November also causing -45% in purchasing power and I am quite certain there are people who bought bitcoin during November.

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Quote from: jostorres on February 20, 2022, 03:58:58 PM

Quote from: GreatArkansas on February 20, 2022, 06:45:47 AM

I already expected these before. After El Salvador and other countries started to see Bitcoin as useful and started to do some regulations about Bitcoin and not being strict to it anymore, it's become virus for me, look how it spread.
I am positive that this will continue, other countries are starting.

It is already expected ever since in the beginning that bitcoin will be adopted by many countries due to its usefulness. In the part where the country El Salvador adopt bitcoin, I actually have a bad feeling that some countries wont follow adopting bitcoin anymore because they saw how El Salvador struggle by the time bitcoin goes in a heavy dip but now that bitcoin recovers a bit, I think everyone had feel a relief now and can breathe normally especially El Salvador and maybe other countries have now changed their mind and they will now adopt bitcoin because they saw that bitcoin is really strong as it can recover no matter how long or how deep it falls.

So, the price of Bitcoin/volatility matters this time? I think if you are using Bitcoin as just a mode of payment or as legal tender, you will be not worrying at all, but for investment it is risky.
I know most people use Bitcoin as investment or just for money, but they must know how really Bitcoin works and it is main use.

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Quote from: gantez on February 19, 2022, 07:58:05 AM

We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem. Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.
What is your expectation of bitcoin ?

Expect nothing but the best though the situation right now is very crucial because if the war begins, that could crash all the market as the panic will start as well. We should watch out closely the situation in Ukraine and Russia, that could be a sign for a huge bear market even on a stock market. Though Bitcoin can still be the safe haven since there’s no country that fully control Bitcoin so I expect this to become alternative if the war begins.

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Another bottom for bitcoin today without any major events that could justify it. All I see on the news at google regards bitcoin are headlines like:

Bitcoin was overcome - know the new promising cryptocurrency of the moment;
Goodbye bitcoin - this is the new cryptocurrency billionaires are investing on;
Bitcoin living on borrowed time - 2 new altcoins will surpass bitcoin, declares billionaire;
You won't get millionaire buying bitcoin - new crypto category has potential to turn 1000$ into 200,000$.

Only misinformation on the main news displayed by google. I can't expect anything if i don't know what is really going on...

jostorres

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Quote from: GreatArkansas on February 20, 2022, 06:45:47 AM

I already expected these before. After El Salvador and other countries started to see Bitcoin as useful and started to do some regulations about Bitcoin and not being strict to it anymore, it's become virus for me, look how it spread.
I am positive that this will continue, other countries are starting.

It is already expected ever since in the beginning that bitcoin will be adopted by many countries due to its usefulness. In the part where the country El Salvador adopt bitcoin, I actually have a bad feeling that some countries wont follow adopting bitcoin anymore because they saw how El Salvador struggle by the time bitcoin goes in a heavy dip but now that bitcoin recovers a bit, I think everyone had feel a relief now and can breathe normally especially El Salvador and maybe other countries have now changed their mind and they will now adopt bitcoin because they saw that bitcoin is really strong as it can recover no matter how long or how deep it falls.

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Quote from: gantez on February 19, 2022, 07:58:05 AM

We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem. Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.
What is your expectation of bitcoin ?

Looking far and expecting the best is yet to come. After all of these political issues and when they're done, I'm expecting the usual thing. Just have a view of the future and next year, we're just another year away with the halving. Time flies so fast and again, that's a very quick passing by for which we know what to expect when the halving is about to time and when it's done. And about fundamentals, we're just starting to see more countries adopting bitcoin and more companies studying on it and wanting to hold some as they diversify it as an asset.

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Quote from: Vaskiy on February 20, 2022, 01:47:35 PM

I don't get the precise expectation of OP, but however the increasing acceptance of bitcoin on more real time businesses is part of growth. Right now only one country have considered it legal tender whereas majority are still in study. California State is the latest to consider bitcoin as a legal tender and there is no official announcement yet. As per the ongoing market demand countries are much focused on making cryptocurrency under regulation and have their own CBDC and very few are interested in making bitcoin a legal tender.

Adoption and recognition is on the move which we could presume out that sooner or later we would really be seeing acceptance on several countries but of course you should
really expect that everything wouldnt go as planned on the first place thats why dont anticipate much that we would really be ending up on to those things that you do have
in mind.Just go with the flow and follow the trend because as long demand would remain then it would really be hard for it be gone.

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I don't get the precise expectation of OP, but however the increasing acceptance of bitcoin on more real time businesses is part of growth. Right now only one country have considered it legal tender whereas majority are still in study. California State is the latest to consider bitcoin as a legal tender and there is no official announcement yet. As per the ongoing market demand countries are much focused on making cryptocurrency under regulation and have their own CBDC and very few are interested in making bitcoin a legal tender.

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There is no doubt in my mind %100 for sure that the legality of it will not be a problem before 2030. All of the world will make it either legal or illegal and there won't be any questions regarding this anymore. We are not going to have "x country makes bitcoin legal" or "y country bans bitcoin" type of news after that. Because that could be done once, maaaybe it could be changed eventually but at the end of the day it will be over and we are going to just stop hearing about all of these words. That is before 2030 for sure because countries need to reach a decision way before any of these reach 10 trillion dollars marketcap total and it looks like it will happen before 2030 for sure.

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I expect that the number of coins on exchanges will keep dropping like it is now and when more adoption comes people will realize there's not enough of it for everyone.
You'll see enormous squeeze one day when people keep buying one from the other pumping the price over and over because there's going to be maybe a million coins left to buy and the rest stored by countries and big investment funds.

There's a lot of fiat out there and a lot of fiat can be printed by countries for free but there's only a few million coins left to buy. The rest is held by long term hodlers and companies who know what's up like Microstrategy.

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Quote from: GreatArkansas on February 20, 2022, 06:45:47 AM

I already expected these before. After El Salvador and other countries started to see Bitcoin as useful and started to do some regulations about Bitcoin and not being strict to it anymore, it's become virus for me, look how it spread.
I am positive that this will continue, other countries are starting.

I also believe that the adoption is going to spread like virus if people who decided to turn back on bitcoin are looking to legalize it now, it just a little time more. In regards to El Salvador, it happened within a short time, the president didn't have to waste time on allowing it to fly Which other country is going to be next apart from Ukraine and Russia. This year is looking positive for more countries to make statement on it as we are just starting a new year.

Quote from: davis196 on February 20, 2022, 06:51:59 AM

My expectations about the Bitcoin price are bearish in the short term and bullish in the long term.

Likewise my expectations. Bitcoin dropped last week but made increase previous week and this week we may see recovery in the market because of some confidence on the news on countries deciding to support bitcoin after they spread fud about it.

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Quote from: gantez on February 19, 2022, 07:58:05 AM

We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem. Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.
What is your expectation of bitcoin ?

It is difficult to know, I still think this year can be a good one for bitcoin however the price once again is below the 40k support level and this is causing people to once again become really nervous.

So I think that during the short term we should not expect any major positive movement by bitcoin, so this is a good time to begin to accumulate more coins with the spare capital that we have, as it is impossible to know how long this negative market conditions will last and we must take advantage of them as soon as we can.

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Quote from: davis196 on February 20, 2022, 06:51:59 AM

Nothing groundbreaking or spectacular happened in Russia and Ukraine,in regards to the Bitcoin/crypto regulation.
That was a small step in the right direction,but countries like Russia are pretty unpredictable and the Russian government/central bank could still ban cryptocurrencies at any given moment.
The crypto markets didn't react positively to the news coming from Russia and Ukraine,because almost nobody trusts the governments of Russia and Ukraine.
My expectations about Bitcoin cannot be changed by news,gossips,rumors,FUD and all sorts of BS.
My expectations about the Bitcoin price are bearish in the short term and bullish in the long term.

Nothing new happened but at the same time the threats are still there. USA says something then Russia does something then Macron says something and so forth and so forth. Basically, everyone is acting crazy towards each other without doing anything. This obviously resulted with everyone to be a bit scared, they are probably withdrawing a lot of money from crypto and into cash banknotes in their hands so that they would be able to use that in case anything dangerous happens.

Russia also putting some regulations on crypto to make it harder to use caused it to be a bit more harder and some people left and considering Russia is a huge nation in these type of cases, it makes sense for it to drop the price.

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Quote from: gantez on February 19, 2022, 07:58:05 AM

What is your expectation of bitcoin ?

According to some analysts, regulation will be a key issue and the primary force driving the crypto market in 2022. The traditional financial sector is not particularly supportive of cryptocurrencies, but a full-scale ban on their use is unlikely as this could disrupt the existing financial system. Instead, many countries are likely to continue to recognize crypto assets as an additional form of collateral for existing financial instruments and derivatives, while creating stricter laws regulating the digital asset market.

I expect many countries to create special licensing and regulatory frameworks for cryptocurrencies in 2022, which will likely be in the form of a national cryptocurrency regulation regime similar to the ones already in place for traditional financial instruments.

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Quote from: gantez on February 19, 2022, 07:58:05 AM

We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem. Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.
What is your expectation of bitcoin ?

Nothing groundbreaking or spectacular happened in Russia and Ukraine,in regards to the Bitcoin/crypto regulation.
That was a small step in the right direction,but countries like Russia are pretty unpredictable and the Russian government/central bank could still ban cryptocurrencies at any given moment.
The crypto markets didn't react positively to the news coming from Russia and Ukraine,because almost nobody trusts the governments of Russia and Ukraine.
My expectations about Bitcoin cannot be changed by news,gossips,rumors,FUD and all sorts of BS.
My expectations about the Bitcoin price are bearish in the short term and bullish in the long term.

GreatArkansas

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I already expected these before. After El Salvador and other countries started to see Bitcoin as useful and started to do some regulations about Bitcoin and not being strict to it anymore, it's become virus for me, look how it spread.
I am positive that this will continue, other countries are starting.

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