It's a specialized sub for hardcore Bitcoin enthusiasts who are avoiding to own/use fiat money. In our everyday life we are using the real money - Bitcoin. For a more general sub about Bitcoin, see /Bitcoin/ and /BitcoinBeginners/
California friendly to bitcoin and price on $200s? Cant be a coincidence.
So bitcoin dropped the $2xx barrier and California makes bitcoin legal. The time coincidence is just too striking. If there is some manipulation, what could be the strategy? Has there been any major dumps just before California released the news? Any thoughts?
Should I buy some crypto now like Ethereum and bitcoin? My thinking is once PayPal allows crypto trading on a large scale it will create a surge in the demand for cryptocurrency and thus the price will go up.
If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early.
I'm a little bit tired of all the amazing news of firms buying hundreds of millions of dollars of Bitcoin, and then the price is stagnant or declines
Can someone explain who is matching the selling pressure to drive the price downwards despite the supposed buy pressure of grayscale and hedge funds proclaiming they are absorbing hundreds of millions of dollars? Can someone give me the truth of why it hasn't soared past $12,500 based on the whales buying tens of thousands of Bitcoin, far surpassing daily mined btc?
'Lack of strong privacy guarantees are bitcoin's biggest weakness. Making private bitcoin usage easier, more accessible, and more effective would make bitcoin even better money and as a result should lead to an increase in adoption and therefore price.' - Matt Odell
Elon Musk is Satoshi Nakamoto, the creator of Bitcoin, and had been buying Tesla shares with his Bitcoin, leading to the recent, astronomical rise in Tesla’s share price
Some people may know that Elon musk made his initial fortune off of PayPal in the late 90s and early 2000s. What people may not realize is that when he sold he was required to sign a non compete which prevents him from working for or starting another electronic payments company. As many know, “Satoshi Nakamoto” is the fake name of the man who created bitcoin (no one knows who he is). Last people checked, Satoshi has roughly $8billion in bitcoin left. Tesla’s stock price has risen 500% since the beginning of the year, with people scooping it up like crazy... they recently split the stock 5:1 to make it more affordable. People have assumed that the rise is due to retail investors pouring in, but there have been some super weird/interesting large blocks being bought up if you look at the price action. I’m talking much more than just retail investors. What if Elon has been using his BTC in order to buy up massive amounts of shares, which has bid up the share price and given him more control of the company (he actually doesn’t have voting control like Bezos). Edit: Elon is using Tesla to make it traceable and bring the money back into circulation since he’s unable to spend $8billion in BTC.
Bloomberg strategist explains key macro drivers for price growth of gold and bitcoin
Senior Bloomberg strategist Mike McGlone has predicted that the BTC price will reach $100K by 2025 in an interview with Kitco News. McGlone pointed out that Bitcoin still has more than enough space for price growth, citing that the cryptocurrency had previously jumped from $1000 to $10000/bitcoin over the last 3 years. As for gold, even gold's uptrend has been somewhat slow compared to Bitcoin, but will not stop appreciating vs. the US dollar – and it may spike again. McGlone argued that if bitcoin can repeat its past bullish momentum, it could return to its 2019 high of $14,000 by the end of 2020. Why it matters: There are a number of factors supporting the Bitcoin price, and mainstream investors are beginning to enter the space. With so much buying interest in Bitcoin, as well as some of the major altcoins, we are likely to see higher prices over both the medium and long term. Despite its technical limitations, Bitcoin has become the go-to alternative digital asset, and these seem to be few reasons to doubt its ability to continue to attract capital. As an alternative to central bank issues fiat currency, Bitcoin can be used anywhere these is an internet connection, and has been an excellent store of value since its inception. Source https://btcpeers.com/bloomberg-strategist-explains-key-macro-drivers-for-price-growth-of-gold-and-bitcoin/
The Fed targets 2% price inflation, but anyone paying attention to their monthly budget knows their expenses are increasing much more than 2%. Bitcoin targets a diminishing inflation schedule capped at 21 million bitcoins and anyone can verify it’s on target.
I knew about Bitcoin when the price was around $200 and I've been kicking myself in the butt for not buying it because I thought $200 is expensive. I wish in the future I can look back in history and consider $20K is cheap
Some Bitcoin Analysts and Prediction Today and Yesterday & Why "It's not the Price, Dummy"
This is just for fun, I generally have no strong feelings toward bitcoin price (I'm just fundamentally against zero-sum get rich schemes). But today I decided to do a little bitcoin search in news.google.com and see what today's bulls were predicting in 2018. Side note, almost all of the news articles came from crypto sites. I tried my best to stay away from them. Farming magazine telling you agriculture is the future isn't exactly shocking. To people who invest, please don't consider this as a prediction that price will fall. I'm not astute or smart enough to predict either way. The only possible use is to make sure you are more skeptic regarding predictions. Keep in mind, a rich CEO or consultant can lose 100 million and not really affect his life that much, but a 10k or 100k lose for some people can be devastating. And remember, some of these rich hedge managers don't believe their own bullshit, and hopefully, some of these quotes will emulate that. (Note, I won't waste time linking them all, but by quoting them directly, it should be easy to google) (another side note, I didn't purposely search out specific names. I went by the first names I came across, and only ignoring those that I couldn't find anything regarding crypto in past years)
Present: Business Inside: Bitcoin is like 'digital gold' and won't be used the same as a traditional currency in at least 5 years, billionaire investor Mike Novogratz says Past: On Nov, 2017, he said: "Bitcoin could ‘easily’ reach $40,000 by the end of 2018, hedge fund legend Novogratz says" 2018: "Michael Novogratz calls a bottom in cryptocurrencies" (it wasn't) Novogratz started a crypto funding in 2018. First 9 months "Mike Novogratz’s Crypto Trading Desk Lost $136 Million in Nine Months" (Bloomberg). Quarter 4: "Galaxy Digital Posts $32.9 Million in Net Loss for Q4 2019". Feb 2020 "Mike Novogratz’s Galaxy Digital Slashes 15% Staff"
Present: "For Raoul Pal, CEO of Real Vision, the bullish atmosphere had been reinforced, and further gains were more likely than ever. “There are literally only two resistances left on the #bitcoin chart - 14,000 and then the old all-time high at 20,000,” he tweeted." In a tweet today, he said, "Bitcoin is eating the world... It has become a supermassive black hole that is sucking in everything around it and destroying it. This narrative is only going to grow over the next 18 months. You see, gold is breaking down versus bitcoin...and gold investors will flip to BTC" Past: 2014: "Put them in the same kind of equation we get a value of bitcoin and that value is a million dollars. Now, you'll never hear an analyst say this—but I don't mind this—I could be wrong by 90%, and it's still worth $100,000." (to be honest, that's a bit of an impressive prediction in 2014) On the other hand, he probably didn't really believe his own prediction because in June, 2017 (when it was 2000 USD or so), he said: " “This is the most exponential move we have seen. I don’t know how far it goes, but I sold out last week… and I’ve [owned Bitcoin] since it was $200. Anything that moves exponentially, always [blows up].”" In 2016, "This view brings Pal to the asset he favors most over the next year out of bonds, equities, currencies and commodities: the dollar."
Eh, that was just two. I was hoping to mention several people, but it appears not many people are actually making predictions anymore, and anyone mentioned are basically not big people so I couldn't find much on them regarding bitcoin before 2019. So, the main thing I like to highlight are the analysts and such are going to make money whatever happens. Fund managers are playing with people's money and, as long as they are not involved in frauds, there is no real harm to them against wrong predictions. Generally, successful business people are successful because they were loud, confident, and were able to convince others that they had the right idea. Even when wrong, they bounce back. Most of us aren't like that. Some bitcoiners come here to boast when price goes up, as if the increase in price is an indication that argument against bitcoin has been proven wrong. While some people here are fanatically anti-bitcoin, I am not one of those. I have nothing against people making money (why would I be upset that people I don't know around the world became wealthier??). But since bitcoin investing is by design a zero sum game, certain people will eventually lose, and it is most likely it is the people who were listening to predictions by experts that would ultimately be financially hurt, and not the experts making the predictions. Crypto investing has been a platform where the average person works hard in his day to day life, and then brings the fruits of his labor into this field. The actual productive part of that person's life is the one outside crypto, where they had been productive for the community, and in exchange, they receive wages. Crypto investing's promise is for this wage to increase without the actual productivity. The concern is mainly that the result of all that labor will be misused by crypto "experts" who's own income (their labor) is directly linked to predictions on crypto. The above paragraph is badly explained, but the main point is that the average person brings in outside money they worked hard for, while "experts" there is generally no outside money, crypto fund management or consulting itself is their job. --- Money can be made, of course, but money being made isn't necessarily an argument for something. Bitcoin, and crypto, has for the past 1.5 decades still largely just about numbers going up. Google trend on "bitcoin" show top related queries being "bitcoin price", "bitcoin usd", "bitcoin usd price". When people come here when it hits a particular arbitrary price point thinking it's their gotcha moment, it actually just reinforces my argument that it is only about the price. Nothing in the history of human economy has ever lasted based only on the economic model of who you could resell it for at a higher price. Even DeFi's smart contracts (as much as I could understand it) is about prices going up. It's like for these people the concept of contracts are based purely on money exchanging hands, and no actual task being done. Almost all contracts globally are based on specific productive tasks being done, such as employee contract, supplier contract, property contract, and so on. Only a tiny amount of it is based on "if this currency goes up, then give me that currency" contracts. ---
The bitcoin price prediction putting BTC at $160,000 is relying on major upward moves in the history of bitcoin. This includes the time the king crypto took to move from one high to another high. Even though some are pumped in the long term, other predictions are not promising wide price appreciations in the next five years. WalletInvestor, for example, has a bitcoin price prediction of ... Bitcoin price (BTC) Add to Watchlist $ 13,070.01 +0.56%. 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 10:56 AM 3:06 PM 7:17 PM 11:27 PM 3:38 AM 7:48 AM. Market cap $ 242.4B. Volume (24 hours) $ 23.6B. Circulating supply 18.5 M BTC. About Bitcoin. The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain ... Bitcoin Price. bitcoinprice.org provides fast loading real time bitcoin price charts and historical bitcoin charts with advanced technical indicators and chart drawing tools. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin. Bitcoins are traded in many different exchanges around the world and exchanged for many different national currencies as well as other ... Live bitcoin price (up to the minute) with no ads and mobile-optimized in all currencies including USD, EUR, AUD, etc.! Sign up for our daily bitcoin newsletter, real-time bitcoin charts, & historical price data. Bitcoin Price Today. Die-hard BTC supporters believe that bitcoin is the future; we are just scratching the surface. Considering the continuous rise of bitcoin in the market capitalization, it is one investment every investor needs to take advantage of it. The current market capitalization of bitcoin stands at an all-time high of $109 billion. As at January 2016, bitcoin was traded at I BTC ...
Classical TA for Bitcoin not Reliable! I show BTC price targets for pumps & dumps Technical Analysis
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