Thanks for your input captboatface, a bold position! I like it!! :) do you really think never again? I do hope you are right for all of crypto's sake) but I think the chance of a continual steady rise from 6k onwards or even a direct moonshot from here is quite low. would you not agree?
Steady growth from here is preferable. There will be no moonshot this year but we will see aths such as 30,40, or even 50k . Lots of rumor that this year is one of BTC last as a #1 coin. Huge potentials out there right now with ven, trx, nano, neo, eos, iota, and even qtm. This year will be big for eth. As well as a few erc20 token. Dont forget xlm, link, and neo
I think you are right capt. I'm surprised how steady bitcoin is now. Higher lows every single day. We might not ever see below $7,000 again or below $8,000. Perhaps we will break below $8500 again though.
Determining value in a limiting/controlled environment is a supply-demand function predicated on the need/usefulness of the product or service. That is why some governments and now companies like Facebook are creating various methodologies to divert/minimize/stop the use of cryptos. Everyone should have seen this coming and it will intensify as the central banksters and multinationals formulate and implement additional methods of minimizing participation. You all know cryptos are a direct compeditor to fiat currencies and stock markets. I am not insinuation this is a bad thing, quite the contrary. I personally like the idea of cryptos as a competitor to the printing presses of fiat currencies and fractional lending.
My point here is value. How do you determine and thus increase value other then by increasing demand? Demand is limited to those who really need the cryptos to conduct commerce and trade. Investment is purely a function of trying to determine the social need. Investment for the reason of just return on investment creates a false sense of need in the market.
I was a real estate appraiser for some 20 years and now a realtor. It is why I am probably so fixated on evaluation price and value. The recent run-up in the prices of cryptos reminded me of the irrational exuberance of the middle 2000s in real estate. It is impossible in my opinion unless the need for the product is somehow stimulated and the pushback from fiat competitors is thawarted for anyone to know if the price will rise or fall. Flip a bitcoin and pray.
Long story:
Crypto / BTC prices have fallen from their December rates due to:
1 - Bitconnect pyramid collapsed;
2 - Japanese exchange Coincheck was hacked few days ago, for a total of 530 million USD missing;
3 - Tether (USDT) token appears to be a pyramid that “printed” (or should I say, minted) a few hundred millions Tethers to cause a surge in the need more Bitcoin to be bought (because Tether needs to have a constant price of 1 USD, 1 USDT = 1 USD) and more Tether to be bought with these Bitcoins. In the end this leads to Bitcoin price increase. It is said that the exchange Bitfinex is behind all of this. Bitfinex created USDT (Tether).
EDIT 31st of January: 4 - According to an article from this morning on The Telegraph, Coincheck hackers are moving the stolen coins to the exchanges and are trying to sell them:
Coincheck hackers trying to move stolen cryptocurrency after major Japanese heist
I highly suggest you to read the Medium articles on the Tether topic by the guy who brought the whole scheme to light.
Great post! I sort of agree, and hey, if you want to keep track of whether or not the bubble will burst by tracking your portfolio and news in the same place check out the easiest to use crypto portfolio tracker - https://hubwallet.io
I will not upvote you First of all in cryptocurrency we don't have correction, Yo need to stop Promoting that shit, Correction just tell me, how is cryptocurrency correcting his self, how are you telling people this, this the reason why articles like this, that is not the terms you need to search the term correction, and when you research you need to make a good post
Hopefully it is over now.. Not that I care much about bitcoin price, but it takes all the market down with it.
we will not see another dip below $6000.00 US ever again, wave goodbye and send gifts.
@captboatface you've been right with this prediction actually!
yup!
Thanks for your input captboatface, a bold position! I like it!! :) do you really think never again? I do hope you are right for all of crypto's sake) but I think the chance of a continual steady rise from 6k onwards or even a direct moonshot from here is quite low. would you not agree?
Steady growth from here is preferable. There will be no moonshot this year but we will see aths such as 30,40, or even 50k . Lots of rumor that this year is one of BTC last as a #1 coin. Huge potentials out there right now with ven, trx, nano, neo, eos, iota, and even qtm. This year will be big for eth. As well as a few erc20 token. Dont forget xlm, link, and neo
I think you are right capt. I'm surprised how steady bitcoin is now. Higher lows every single day. We might not ever see below $7,000 again or below $8,000. Perhaps we will break below $8500 again though.
Great post brah
thanks a lot dailyxkcd! :)
I like the writing of your article is very interesting people to comment on your article ,,,
I want tips and tricks from you ,, please help
I like your words that are highly motivated ,, I want to ask for tips and tricks
from you how to write interesting ,, please help.
https://steemit.com/travel/@boyhaqi97/aceh-cahaya-dari-gua-ie-aceh-besar
Definitely think it's broken out of its bottom. Can't wait for it too moon after it stabilises and regains popularity.
Determining value in a limiting/controlled environment is a supply-demand function predicated on the need/usefulness of the product or service. That is why some governments and now companies like Facebook are creating various methodologies to divert/minimize/stop the use of cryptos. Everyone should have seen this coming and it will intensify as the central banksters and multinationals formulate and implement additional methods of minimizing participation. You all know cryptos are a direct compeditor to fiat currencies and stock markets. I am not insinuation this is a bad thing, quite the contrary. I personally like the idea of cryptos as a competitor to the printing presses of fiat currencies and fractional lending.
My point here is value. How do you determine and thus increase value other then by increasing demand? Demand is limited to those who really need the cryptos to conduct commerce and trade. Investment is purely a function of trying to determine the social need. Investment for the reason of just return on investment creates a false sense of need in the market.
I was a real estate appraiser for some 20 years and now a realtor. It is why I am probably so fixated on evaluation price and value. The recent run-up in the prices of cryptos reminded me of the irrational exuberance of the middle 2000s in real estate. It is impossible in my opinion unless the need for the product is somehow stimulated and the pushback from fiat competitors is thawarted for anyone to know if the price will rise or fall. Flip a bitcoin and pray.
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NOTIFYI like the writing of your article is very interesting people to comment on your article ,,,
I want tips and tricks from you ,, please help
I like your words that are highly motivated ,, I want to ask for tips and tricks
from you how to write interesting ,, please help.
https://steemit.com/travel/@boyhaqi97/aceh-cahaya-dari-gua-ie-aceh-besar
Long story:
Crypto / BTC prices have fallen from their December rates due to:
1 - Bitconnect pyramid collapsed;
2 - Japanese exchange Coincheck was hacked few days ago, for a total of 530 million USD missing;
3 - Tether (USDT) token appears to be a pyramid that “printed” (or should I say, minted) a few hundred millions Tethers to cause a surge in the need more Bitcoin to be bought (because Tether needs to have a constant price of 1 USD, 1 USDT = 1 USD) and more Tether to be bought with these Bitcoins. In the end this leads to Bitcoin price increase. It is said that the exchange Bitfinex is behind all of this. Bitfinex created USDT (Tether).
EDIT 31st of January: 4 - According to an article from this morning on The Telegraph, Coincheck hackers are moving the stolen coins to the exchanges and are trying to sell them:
Coincheck hackers trying to move stolen cryptocurrency after major Japanese heist
I highly suggest you to read the Medium articles on the Tether topic by the guy who brought the whole scheme to light.
dhhghfh
Great post! I sort of agree, and hey, if you want to keep track of whether or not the bubble will burst by tracking your portfolio and news in the same place check out the easiest to use crypto portfolio tracker - https://hubwallet.io
I will not upvote you First of all in cryptocurrency we don't have correction, Yo need to stop Promoting that shit, Correction just tell me, how is cryptocurrency correcting his self, how are you telling people this, this the reason why articles like this, that is not the terms you need to search the term correction, and when you research you need to make a good post
asfdafa