Bitcoin has lost almost 15% of its value since two weeks ago. At the peak around Christmas holidays, it was trading at over $19,000.
Bitcoin investors have been predicting that meteoritic rises will commence any day now. But the price has been hovering in the $8,000-$9,000 range with surprisingly low volumes.
What is happening in the Bitcoin world? What is the near-term price forecast for Bitcoin?
I think there is nothing wrong with the bitcoin market now, if the market price is down now we may be aiming for a lot of searching for btc and investing temporarily in the sense of saving, when the market price goes up then there is a golden opportunity given to us.
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BoardBitcoin Discussion
Re: What do you mean when you say Bitcoin is number 1
We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1
Store of value
Services in addition to simple money transfer
Convenience
Security
Investment/speculation
Safe transfer speed
Privacy
Freedom from globalist control
Other
yes, I see from some of my seniors they buy btc when it is cheap and sell it back when the market price is so much higher than the price when he bought it and his results really show up, it can be to meet the needs of their families in the coming months
Believing in Bitcoin is good but not with blind eyes. Buying and selling in good positions is better than holding all year long.
I also agree with you to buy and sell bitcoin in certain circumstances it is better than having to hold the whole year, but if it is great and experienced in looking at bitcoin for the future, it would be better if holding btc, waiting for the right time to sell it.
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BoardSpeculation
Re: Those who sold bitcoin are in for a big loss
by
Hackarit
on 03/05/2018, 14:39:36 UTC
there is no loss in buying, selling, and bitcoin investing in any form, it's just that we do not have much experience and knowledge in managing finances.
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BoardBitcoin Discussion
Re: Should Bitcoin merchants help to keep our identity private?
I have watched some videos on Youtube today and they were speaking about Crypto currencies and ways to track Crypto
currency users, through services that they use. Is this the weak link in the privacy chain? Should we ask Crypto currency
merchants to "change" their receiving addresses more frequently to make it more difficult to pin a specific address to a
specific service? If these people want to track all our financial transactions, then we should give them some challenges in
doing this.
Obviously not all services will adhere to this call/request, but some of these merchants still support the bigger cause and the
reason why most of us use Crypto currencies. {Some degree of financial privacy}
depending on our own beliefs, and it makes no sense to trust our identity to other people. Every purchase of btc sales you need to tell is important and not all transactions should be transparent to custumer, we can not trust in others we do not know how far the person's experience of bitcoin
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BoardEconomics
Re: Which Asian countries have the greatest influence on bitcoin?
by
Hackarit
on 02/05/2018, 13:33:06 UTC
India is also a country that affects bitcoin because there are several reasons indirectly mentioned in definite by India but now India has decided to stop working with bitcoin service users.
I think no because bitcoin is used for online transaction and the price of bitcoin is not stable, but if bitcoin become stable maybe it might be possible that bitcoin will become currency, but for now, there's no chance that bitcoin will be used as currency.
The other reason every country have their own currency so where do you think the country of bitcoin?
Bitcoin is decentralized and we couldn't just credit it to China or other countries as their currency.
I also agree with your opinion that bitcoin for now is only in use for online transactions not as real currency. but bitcoin has its own disadvantage: its price is changing every time and this is one of the reasons that bitcoin can not be used as a real currency for now but if bitcoin prices stabilize maybe bitcoin can beat the original currency.
For me, the biggest reason not to invest in Bitcoin is that there is no certainty of the future and hence I am not investing my entire wealth in it. However, I am impressed with the core philosophy of Bitcoin and I am optimistic about it and hence I am investing my some part of the wealth which I can afford to lose because I want to participate in the process of global transformation which takes place once in the century and that side is always bigger than possibility of losing my funds. I can earn money later but this opportunity won't arise again in my entire life so I am okay with 100% loss of capital considering the other side.
I like the idea that there is no certainty of bitcoin for the future only once once the results are so satisfactory and not often get a chance repeatedly, so rarely people who dare to invest bitcoin.
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BoardSpeculation
Re: Reasons why Bitcoin is droping:
by
Hackarit
on 30/04/2018, 04:52:51 UTC
bitcoin decreases because it does not fit the bargain between the seller and the buyer, therefore between the two parties decide the price agreement in accordance with the wishes of each.
when is a good time to buy bitcoin ? the answer is few days ago when market goes down but right now bitcoin grows stronger. just hold your bitcoin next few weeks bitcoin will raise higher and you can make a lot of profit from there.
I like the idea that you buy bitcoin when the market price falls, if market price goes down then we can invest bitcoin as saving, because from its development bitcoin will become more successful and worldwide.