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Showing 20 of 848 results by richjohn
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Topic
Board Economics
Re: Are Cryptobanks Future?
by
richjohn
on 21/04/2019, 15:27:19 UTC
If crypto went mainstream, then yes cryptobanks will follow too. I still doubt how will theh be regulated. Cryptocurrencies were meant to replace this type of monetary cycle. It is basically a p2p system. I doubt people will trust a third party in such cases. Government would definitely wont legalise it. I am interested to know how such a system will turn out.
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Topic
Board Speculation
Re: Is there a future for BTC anymore?
by
richjohn
on 21/04/2019, 15:24:46 UTC
If you're looking at the proce as the only indicator, then see, we are at $5200 with hardly 2% of the world population. Think what will happen when the adoption goes up to 10%. Think about the amount of demand we will have. That increase to $19k was inorganic and everyone knew it wont stand. Look long term, leaving the spikes of 2017, we are pretty much going up. Btc definitely have future even if you're considering only price point of view.
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Topic
Board Speculation
Re: Do You Believe Bitcoin Will Rise Again?
by
richjohn
on 21/04/2019, 15:21:09 UTC
Of course, bitcoin will rise again. There is no second thought to that. But if you are doubting that, then probably the crypto space isn't for you. Just go and see the last 10 year charts of bitcoin. You will notice that btc repeats this up and down cycle. The same happened in 2013, then in 2015 and then 2018. It always jumped back. Everytime people called it the end of the cryptos. But opposite happened. Trust me we are still early.
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Topic
Board Speculation
Re: 2019 BITCOIN Price?
by
richjohn
on 21/04/2019, 15:18:03 UTC
My prediction for btc mid term is $12k-$14k. Long term it can really exceede the expectation as happened last time. But I will go for $55k. The mid term guess is chart based. But long term is probably a guess. Last time btc didn't follow the charts when chasing $19k. I believe the Same will happen this time as well.
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Topic
Board Speculation
Re: Buy every dip!
by
richjohn
on 21/04/2019, 15:12:00 UTC
We have been dipping since $19k. Buying every dip is not really a good suggestion. But right now we are at good support zone. We might dip a bit from here. But that wouldn't be that bad. You can definitely average out by buying after dip. But going in right now is the safest bet. Right now everyone is giving their own prediction. But in reality no one really knows market will go in what direction.
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Topic
Board Speculation (Altcoins)
Re: Binance: $BNB The Future of Exchanges.
by
richjohn
on 20/04/2019, 17:41:33 UTC
Binance has been growing really well. But is it a future, no one can really answer that. Binance stays in hype most of the time and that helps with the volume. Also with the app and easy to use website. It definitely has edge. Plus the fee is comparatively low.

BNB has a good backing exchange. So it is likely to go up.
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Topic
Board Speculation (Altcoins)
Re: Sell bounty token at a loss?
by
richjohn
on 20/04/2019, 17:38:54 UTC
Bounties are not as rewarding as they were an year ago. Since the market had been in a prolonged bear phase, new coins found it hard to maintain the price below the pressure of bounty sellers. So it's likely that you wont earn much out of your bounty tokens. But once the market gears up, bounties will become equally rewarding because in euphoria stage every coin pumps.
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Topic
Board Altcoin Discussion
Re: Are you ready to invest now?
by
richjohn
on 20/04/2019, 15:51:44 UTC
I don't understand by people need a bullish market for trading. You can make equally good profit in bear market as well. During bear market you can play with shorts and longs and can maximize your profit through leverages. Try to squeeze the maximum benefit of the market in every phase.
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Topic
Board Altcoin Discussion
Re: Are you still hodl? Then we go to you!
by
richjohn
on 20/04/2019, 15:49:30 UTC
I am not a believer of hodl in crypto space. The only coin I trust to hodl is bitcoin. I usually trade with btc pairs and try to increase the btc value. Not much a fan of usdt pairing. This does affect my trade profits in dollars. But I know that in future bitcoin will go up and will likely break the ATH.
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Topic
Board Economics
Re: harmonization of fiat and crypto
by
richjohn
on 20/04/2019, 15:47:47 UTC
Fiat and cryptos will coexist for more time to come without a doubt. But with technological advancement  it won't remain the case. We will shift to better and more secure payment methods and then fiat will go away automatically. We might even see better paying mechanism than cryptos as well.
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Topic
Board Bitcoin Discussion
Re: A city in Canada is letting people pay taxes in Bitcoin
by
richjohn
on 20/04/2019, 15:46:13 UTC
I am really glad that countries are giving a way to cryptos to prosper and grow. These small small initiatives will help in wide scale adoption. When people see the use of a decentralized currency, they adopt it or at least read about it. For initial stage this is enough for the crypto space.
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Topic
Board Bitcoin Discussion
Re: Bitcoin could be used to pay for Bills,load and for travel in the Philippines
by
richjohn
on 20/04/2019, 15:44:39 UTC
I’m with you in this OP. I’m also from the Philippines and sometimes I also use bitcoin to pay for some bills when I’m short on fiat. I’m using coins.ph for my Philippines account and I’m using Bittreo for my international transfers.
Not many exchange sites provide that service that can pay bills, load and for travel with cryptocurrency. I think it's very good for crypto users. In my country, the exchange site is just a trading place, to pay for these fees, we can only use third party services.
Same is the case with my country.
Mot much adoption and not much awareness.
A few excagnegs and p2p sites which is basically used for trading. There isn't a proper mechanism to pay through btc or cryptos. Not many third party apps are available too.
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Topic
Board Speculation
Re: Bitcoin could still crash below $3000 - Vinny Lingham
by
richjohn
on 20/04/2019, 15:29:51 UTC
Many people are still hoping for a crash below $3k. But I doubt it big time. Bitcoin has started appreciating and it is most likely to go in the up direction obviously with a few corrections. But none will take the price below $3k. $4k is still possibility though.

But I am overall bullish for btc.
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Topic
Board Speculation
Re: Can any analysis predict btc price for the next month?
by
richjohn
on 20/04/2019, 15:26:11 UTC
You will find different analysis from different analyst in cryptos. There are many other factors like volume, news etc in cryptos which have a lot of weight.

According to me, the price prediction for may is $7k to $7.5k
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Topic
Board Speculation
Re: Whales are back ?
by
richjohn
on 20/04/2019, 15:05:50 UTC
The volume has increased recently and it matches the level of 2017 dec. This shows that whales are definitely back. Added to that some new investors are also entering the market. We are not much away from the bull market anymore.

Bitcoin is likely to go over $50k this year.
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Topic
Board Speculation
Re: How do you see cryptocurrency 10 years from now?
by
richjohn
on 20/04/2019, 15:03:18 UTC
I believe crypto has great future ahead. According to me 10 years down the line, we will see marketcap of a few trillion dollars. Btc might or might not be the top coin, but most of altcoins will disappear and maybe we end up with better and useful coins with potential.
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Topic
Board Altcoin Discussion
Re: China may ban bitcoin mining soon.
by
richjohn
on 20/04/2019, 05:34:52 UTC
These Chinese Fuds and rumours are not new. Even if they ban mining, it won't effect the market much. What I have seen in these 2 years is that now market doesn't get much affected by such news. Neither such news can dump the price nor help in any reasonable pump. There will be some price change but nothing at big levels. Mining will shift to other countries in no time.
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Topic
Board Economics
Re: Time for investment
by
richjohn
on 20/04/2019, 05:22:04 UTC
This is the best time to invest in alt coins or bitcoin. Prices are slightly above the all time lows and market is steadily coming out of the bearish phase. Once it gains the speed you won't get a chance to jump in. You can do your analysis regarding the coin you want to invest and set up your portfolio. I can assure you decent profits in mid to long term.
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Topic
Board Speculation
Re: 'Bitcoin will run up to $5,000 by May'
by
richjohn
on 20/04/2019, 05:19:09 UTC
By May, I expect price to touch $10k. The pace with btc is appreciating, I think we are over the year long bearish phase.  All bitcoin has to do is to break $5400 and then $6k level. After that it will parabolic much like 2017 appreciation. Happy days are head guys.  Cool
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Topic
Board Bitcoin Discussion
Re: Are we not abusing decentralization?
by
richjohn
on 20/04/2019, 05:11:46 UTC
These regulations are not hampering the decentralisation aspect of Bitcoin. No one owns or control bitcoin and that is enough for decentralization. We are living in a highly controlled financial system which will doom eventually. Bitcoin gives us financial freedom and in future more people will understand this.