Topic: WTF is going on in crypto 💣 - page 3. (Read 917 times)
Excited things are happening right now in the whole cryptocurrency industry, post Bitcoin halving situation. And that bullish trend and aura is not just happening with Bitcoin exclusively but also with many other important cryptocurrencies as well. Now, that is a big good news. However, just like in the past, nobody can say for sure where are we heading exactly and if this bullishness can last into 2021 (but I do hope it can and will). Right now, we are hearing news of big organizations getting their feet wet with cryptocurrencies and if this can be creating a sort of a little avalanche then that can be a big movement that can be producing many rise and to the "moon" mindset.
This somehow means cryptocurrency is getting better. The adoption is getting wider. The blockchain technology is now more exploited than ever. All in all, there is more and more development happening and a lot more in the pipeline.
On the other hand, the fiat money is continuously crumbling down. The flaws of the fiat system are getting clearer and clearer each day, especially with the global crisis making them more obvious. The degradation of fiat is accelerating.
Bitcoin is not yet the standard. But we might actually be treading the path toward it.
On the other hand, the fiat money is continuously crumbling down. The flaws of the fiat system are getting clearer and clearer each day, especially with the global crisis making them more obvious. The degradation of fiat is accelerating.
Bitcoin is not yet the standard. But we might actually be treading the path toward it.
Two points of discussion here, first bitcoin and how well the price will do post halving. There are a lot of so called experts says that the price will fall after the halving because 30% of the miners will stop their business because of the difficulty. Yes, so far we have heard news about mining pools shutting down, however, the price is still not affected at this point
Second, we can't really say if the US stimulus package has pump the price of not, but definitely bitcoin will not be the global standard. Still the US dollar or to an extend Chinese Yuan. Don't want to touch about ETH2.0 though, that topic should be discuss in alt coin board.
Second, we can't really say if the US stimulus package has pump the price of not, but definitely bitcoin will not be the global standard. Still the US dollar or to an extend Chinese Yuan. Don't want to touch about ETH2.0 though, that topic should be discuss in alt coin board.
Putting blockchain on the other side, it's also being taken in action and somehow adopted by few chosen industries.
I can smell some bullish but due to massive fud out there the market getting delay each day.
I don't think that's really a delay. It's a cycle that we usually see and that fud are also coming back whenever the market shows bullishness. But we're used to it. I can smell some bullish but due to massive fud out there the market getting delay each day. We cant expect the market to suddenly bloom with eth 2.0 upgrade alone. We all knew that this will take time but good thing is many investors are already locking in some eth while still cheap cause there will be a huge hype once migration to PoS is done.
On the case of btc, too many rejected attempt has been observed to break out 10k and have some good support but unfortunately there are selfish whales that are playing with the market avoiding this surge to happen.
You are absolutely right.Whales are the main reason for the volatility of Bitcoin.They just do opposite of any trend.Like if btc goes in uptrend then they dump it.It really cause a big loss of beginner traders. On the case of btc, too many rejected attempt has been observed to break out 10k and have some good support but unfortunately there are selfish whales that are playing with the market avoiding this surge to happen.
I think we are at the crossroads of fiat ot crypto adoption. The question is, will we be able to convince a majority of the global population that cryptos are better than fiat? It will take it´s time but technology advances further and adoption will become easier, system faster and use cases more sustainable and closer to the average humans daily life
legendary
Activity: 2758
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
At this time the economic downturn is going on all over the world. You know, most of the cities are locked down due to coronavirus issue. Everyone is incapable to go to work, already many people have been lost their job, the economy is going downhill. For this reason, I think anything can be happened in the bitcoin market now. The price of bitcoin can go down at any time, we should be ready for it. But if the coronavirus epidemic subsides a bit and if the state of the world economy has improved a bit then the bitcoin market will be stabilized again.
You're right we are bombed with events on the crypto scene amidst the pandemic. Somehow I see this pandemic as a factor of what is happening to the market yet I can't based it on any possible data, but the guts of mine? it never fails. After the halving, the price range of bitcoin increased from $7K-$7.5K range now up to $9k - $9.7K we can't tell that it is because of the halving but come on, we have been seeing it for the past 8 years we know that's because of the halving. Altcoins now are growing, so the market is not a one sided place for investment.
I can smell some bullish but due to massive fud out there the market getting delay each day. We cant expect the market to suddenly bloom with eth 2.0 upgrade alone. We all knew that this will take time but good thing is many investors are already locking in some eth while still cheap cause there will be a huge hype once migration to PoS is done.
On the case of btc, too many rejected attempt has been observed to break out 10k and have some good support but unfortunately there are selfish whales that are playing with the market avoiding this surge to happen.
On the case of btc, too many rejected attempt has been observed to break out 10k and have some good support but unfortunately there are selfish whales that are playing with the market avoiding this surge to happen.
Full Read: 📰Forrest Visions Cryptocurrency Newsletter Volume #1
Bitcoin passed the halving, and Ethereum is heading into Eth 2.0. What are your thoughts on the direction of the blockchain? We're seeing the prices increasing but do you think these network updates are priced in and will eventually come back down before the upgrades?
With the United States pumping in money into the economy, is Bitcoin going to be the new standard?
Lots of crazy stuff going on in cryptocurrency.
My fifteen-minute read goes over the recent industry news, observed trends, a highlighted coin, and my personal price predictions.
Bitcoin passed the halving, and Ethereum is heading into Eth 2.0. What are your thoughts on the direction of the blockchain? We're seeing the prices increasing but do you think these network updates are priced in and will eventually come back down before the upgrades?
With the United States pumping in money into the economy, is Bitcoin going to be the new standard?
Lots of crazy stuff going on in cryptocurrency.
My fifteen-minute read goes over the recent industry news, observed trends, a highlighted coin, and my personal price predictions.
Jump to: