The future of Crypto

nemesiscoiled posted:

Artteri434er posted:
Many experts believe that soon bitcoin will rise in price above its maximum.

Many experts are often wrong. Bitcoin is risky. It may rise, it may fall but the truth is no one knows. This is why it is a high risk asset

Though I believe it will rise and make me rich:)
There are many experts saying it will drop to 1,000
Other experts are saying it is like digital gold and it will rise.
So everybody should do own prediction.

togr posted:

nemesiscoiled posted:

Artteri434er posted:
Many experts believe that soon bitcoin will rise in price above its maximum.

Many experts are often wrong. Bitcoin is risky. It may rise, it may fall but the truth is no one knows. This is why it is a high risk asset

Though I believe it will rise and make me rich:)
There are many experts saying it will drop to 1,000
Other experts are saying it is like digital gold and it will rise.
So everybody should do own prediction.

Basically no one knows what bitcoin will do. But if we assume that it is 50:50 that it will rise significantly versus fall to 0 , then from a pure risk:reward assessment then investing in BTC is a no brainer. The price is $6000 right now. If you invest say $1000 and price goes to $0, you have only lost $1000, whereas if price goes to $20,000 again then your investment would be worth $3,300. There is also the fact that the upside is unlimited but your downside is limited. The most you could lose in this example is $1000 but if price goes crazy again and goes up and up your rewards are unlimited.

A little more then month ago around February 13-14 the price for 1btc was $10,000. Now the price $6,600 for one btc. Why is this happening? Well large Bit investors lowered the price to buy bitcoins at a low price and then again raise the price to 10-15k. Now it seems to me they are throwing away all the small traders who are withdrawing money in a panic.
But of course someone can hide behind the coronavirus pandemic. And say it influenced the market. Especially on btc price.

p.s. I have bitcoin which I do not sell. Let's see what will happen to the price in the next six months. 😎😎😎😎😎😎😎😎😎😎😎😎😎

andrew_2 posted:
A little more then month ago around February 13-14 the price for 1btc was $10,000. Now the price $6,600 for one btc. Why is this happening? Well large Bit investors lowered the price to buy bitcoins at a low price and then again raise the price to 10-15k. Now it seems to me they are throwing away all the small traders who are withdrawing money in a panic.
But of course someone can hide behind the coronavirus pandemic. And say it influenced the market. Especially on btc price.

Cheers for this opinion mate. 😉 Let me tell you another rumor.
The second rumor which i`ve heard lately and it`s VERY interesting is that this dump was caused by the miners, big miners and they`ve used COVID19 as a look-alike trigger. In front of the halvening, big miners wanted to destruct small ones with sell off and that must be started from 15th of February. As you must know after the halving this May:
1. The production and the profitability of/from BTC will be cut in half.
2. The expenses to mine will stay the same or even bigger if there`s inflation.
3. The miners will be the same number as now.
And from 1,2 and 3 is popping a problem – competition.
How the big miners can destruct the competition of small ones and get them out of business before the halvening? Easy. With big sell offs, pushing the price down and down till the small ones become unprofitable and capitulate.
Like I said this is just a rumor but it`s very interesting one and may be the latest hashrate is kind of evidence for this theory (about 30% decrease from the latest ATH).

momo3HC posted:

andrew_2 posted:
A little more then month ago around February 13-14 the price for 1btc was $10,000. Now the price $6,600 for one btc. Why is this happening? Well large Bit investors lowered the price to buy bitcoins at a low price and then again raise the price to 10-15k. Now it seems to me they are throwing away all the small traders who are withdrawing money in a panic.
But of course someone can hide behind the coronavirus pandemic. And say it influenced the market. Especially on btc price.

Cheers for this opinion mate. 😉 Let me tell you another rumor.
The second rumor which i`ve heard lately and it`s VERY interesting is that this dump was caused by the miners, big miners and they`ve used COVID19 as a look-alike trigger. In front of the halvening, big miners wanted to destruct small ones with sell off and that must be started from 15th of February. As you must know after the halving this May:
1. The production and the profitability of/from BTC will be cut in half.
2. The expenses to mine will stay the same or even bigger if there`s inflation.
3. The miners will be the same number as now.
And from 1,2 and 3 is popping a problem – competition.
How the big miners can destruct the competition of small ones and get them out of business before the halvening? Easy. With big sell offs, pushing the price down and down till the small ones become unprofitable and capitulate.
Like I said this is just a rumor but it`s very interesting one and may be the latest hashrate is kind of evidence for this theory (about 30% decrease from the latest ATH).

Very interesting rumour. I am a bit confused by the halving. It sounds like it will have a negative impact on the price of BTC because it will make it more difficult to mine. Surely this will result in less interest because the rewards are lower?? Correct me if I am wrong

Cizel89 posted:

Artteri434er posted:
Many experts believe that soon bitcoin will rise in price above its maximum.

What is your opinion?

I also feel the same.

momo3HC posted:

andrew_2 posted:
A little more then month ago around February 13-14 the price for 1btc was $10,000. Now the price $6,600 for one btc. Why is this happening? Well large Bit investors lowered the price to buy bitcoins at a low price and then again raise the price to 10-15k. Now it seems to me they are throwing away all the small traders who are withdrawing money in a panic.
But of course someone can hide behind the coronavirus pandemic. And say it influenced the market. Especially on btc price.

Cheers for this opinion mate. 😉 Let me tell you another rumor.
The second rumor which i`ve heard lately and it`s VERY interesting is that this dump was caused by the miners, big miners and they`ve used COVID19 as a look-alike trigger. In front of the halvening, big miners wanted to destruct small ones with sell off and that must be started from 15th of February. As you must know after the halving this May:
1. The production and the profitability of/from BTC will be cut in half.
2. The expenses to mine will stay the same or even bigger if there`s inflation.
3. The miners will be the same number as now.
And from 1,2 and 3 is popping a problem – competition.
How the big miners can destruct the competition of small ones and get them out of business before the halvening? Easy. With big sell offs, pushing the price down and down till the small ones become unprofitable and capitulate.
Like I said this is just a rumor but it`s very interesting one and may be the latest hashrate is kind of evidence for this theory (about 30% decrease from the latest ATH).

2. The expenses to mine will stay the same or even bigger if there`s inflation
 is not true https://www.theblockcrypto.com/linked/59972/bitcoins-mining-difficulty-sees-the-second-largest-drop-in-history

princesslint posted:

momo3HC posted:

andrew_2 posted:
A little more then month ago around February 13-14 the price for 1btc was $10,000. Now the price $6,600 for one btc. Why is this happening? Well large Bit investors lowered the price to buy bitcoins at a low price and then again raise the price to 10-15k. Now it seems to me they are throwing away all the small traders who are withdrawing money in a panic.
But of course someone can hide behind the coronavirus pandemic. And say it influenced the market. Especially on btc price.

Cheers for this opinion mate. 😉 Let me tell you another rumor.
The second rumor which i`ve heard lately and it`s VERY interesting is that this dump was caused by the miners, big miners and they`ve used COVID19 as a look-alike trigger. In front of the halvening, big miners wanted to destruct small ones with sell off and that must be started from 15th of February. As you must know after the halving this May:
1. The production and the profitability of/from BTC will be cut in half.
2. The expenses to mine will stay the same or even bigger if there`s inflation.
3. The miners will be the same number as now.
And from 1,2 and 3 is popping a problem – competition.
How the big miners can destruct the competition of small ones and get them out of business before the halvening? Easy. With big sell offs, pushing the price down and down till the small ones become unprofitable and capitulate.
Like I said this is just a rumor but it`s very interesting one and may be the latest hashrate is kind of evidence for this theory (about 30% decrease from the latest ATH).

Very interesting rumour. I am a bit confused by the halving. It sounds like it will have a negative impact on the price of BTC because it will make it more difficult to mine. Surely this will result in less interest because the rewards are lower?? Correct me if I am wrong

Yes, you`re wrong. The negative impact is only before halving. After halving the price MUST be higher cuz of the miners and they won`t let it be lower. That`s in short.

togr posted:

momo3HC posted:

andrew_2 posted:
A little more then month ago around February 13-14 the price for 1btc was $10,000. Now the price $6,600 for one btc. Why is this happening? Well large Bit investors lowered the price to buy bitcoins at a low price and then again raise the price to 10-15k. Now it seems to me they are throwing away all the small traders who are withdrawing money in a panic.
But of course someone can hide behind the coronavirus pandemic. And say it influenced the market. Especially on btc price.

Cheers for this opinion mate. 😉 Let me tell you another rumor.
The second rumor which i`ve heard lately and it`s VERY interesting is that this dump was caused by the miners, big miners and they`ve used COVID19 as a look-alike trigger. In front of the halvening, big miners wanted to destruct small ones with sell off and that must be started from 15th of February. As you must know after the halving this May:
1. The production and the profitability of/from BTC will be cut in half.
2. The expenses to mine will stay the same or even bigger if there`s inflation.
3. The miners will be the same number as now.
And from 1,2 and 3 is popping a problem – competition.
How the big miners can destruct the competition of small ones and get them out of business before the halvening? Easy. With big sell offs, pushing the price down and down till the small ones become unprofitable and capitulate.
Like I said this is just a rumor but it`s very interesting one and may be the latest hashrate is kind of evidence for this theory (about 30% decrease from the latest ATH).

2. The expenses to mine will stay the same or even bigger if there`s inflation
 is not true https://www.theblockcrypto.com/linked/59972/bitcoins-mining-difficulty-sees-the-second-largest-drop-in-history

Do you make difference between hashrate and expences?

The recent rise in BTC following the outbreak of coronavirus has confirmed belief that BTC is digital gold. There will be a rush to BTC next time there are any economic jitters. I will be buying dips from now on

I also think to buy bitcoin in failure. Because it seems to me like a man-made failure and even this incomprehensible coronovirus. somehow it's all suspicious.

benschmidt posted:
The recent rise in BTC following the outbreak of coronavirus has confirmed belief that BTC is digital gold. There will be a rush to BTC next time there are any economic jitters. I will be buying dips from now on

Bitcoin has fall from $8500 to $7000 over the last month. It has risen a bit in the last couple of weeks but BTC is clearly not digital gold

sangine posted:

benschmidt posted:
The recent rise in BTC following the outbreak of coronavirus has confirmed belief that BTC is digital gold. There will be a rush to BTC next time there are any economic jitters. I will be buying dips from now on

Bitcoin has fall from $8500 to $7000 over the last month. It has risen a bit in the last couple of weeks but BTC is clearly not digital gold

Really?
Have you seen real Gold movements?
Gold had fallen from 1680 to 1480 in 9 days.
That is actually 200/1680 = 12%. So almost 1.5% a day.

Crypto does have a future but it will take some time before that happens. You have said that the problem are the traders which is a common thing even in forex only that forex is better than crypto. Crypto happens to have few miners because the whole mining process is not that welcoming to some.

I do not think that crypto has a very good future. The miners are jsut not in good terms with it as you have said that the problem is the miners. Why are the miners a problem in cryoto but not in forex. There is obviously something that is up with crypto and everyone knows it but will not talk about it.

Cegar posted:
I do not think that crypto has a very good future. The miners are jsut not in good terms with it as you have said that the problem is the miners. Why are the miners a problem in cryoto but not in forex. There is obviously something that is up with crypto and everyone knows it but will not talk about it.

Can you elaborate on this. What is the problem with the miners?

Cegar posted:
I do not think that crypto has a very good future. The miners are jsut not in good terms with it as you have said that the problem is the miners. Why are the miners a problem in cryoto but not in forex. There is obviously something that is up with crypto and everyone knows it but will not talk about it.

Why are the miners a problem in cryoto but not in forex. - OMG
Crypto - BTC coins and other are mined by miners. That's why crypto is tight to miners havilly.
Forex - the currencies are not mined. There are no miners. Pairs are though affected by economy and political events and much more.

So there is halving coming and BTCUSD is going over 10,000
What will be after that?
BOOM or DOOM?