Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Ferki on April 03, 2021, 09:37:57 AM
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I was able to post that on the Bitcoin forum, but I think that most of the altcoins are still dependent on the bitcoins price.
So why could the Bitcoin price go down by more than 50% and when?
I have my theories and I heard one for the first time today, which led me to open this thread.
Can you ban Bitcoin?
I don't think so. What should you ban there, the numbers? Why should a government ban the whole cryptocurrency when it can benefit well from it?
They will regulate it according to their taste and will create new taxes. The whole thing will put some pressure on the price, but there won't be a huge crash. Why would you sell bitcoin when you can emigrate somewhere else, where you can use and trade it. For example Singapore. They have great regulations there, protect their customers and investors and give them a lot of freedom. Since the price depends on whales and their sales or purchases anyway, they will also go where it is best for them. And we, as little fish, are not trees either, we can also choose where we can go. Of course, assume that the investments are a bit bigger and that you are not restricted in your freedom.
And then there is such a thing as Black Swan of crypto, one thing that can come unexpectedly but cause a big move in price.
We all know that someone who sells 20k Bitcoin quickly can drop the price by 10-20%. It is the same in the opposite case.
Now I come to the story I heard today.
What do you think what would happen if the great Satoshi Nakamoto suddenly came and wanted to sell his 1-2 million Bitcoins?
The biggest crash of all time!
Of course these are just my theories and I would like to be taught a better one.
Therefore, I would be happy to hear your opinion, any new theories that would make me think, or learn something new.
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They only way, to ban, is prohibit the exchanges, for fiat currency. But, decentralized exchanges, will move on.
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They only way, to ban, is prohibit the exchanges, for fiat currency. But, decentralized exchanges, will move on.
When we talk about banning it has to happen in the USA, Europe and other countries that govern a bit more democratically so that it has a real impact on price. After the ban in Nigeria and something like that in India, Bitcoin jumped to new ATH or something.
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The greatest thing is losing a lot of money.IN crypto, it is very risks and one of the risks is losing the crypto very easily. We may get a bad price when buying and then the price drops suddenly. And we may be scammed by somebody other.
Satoshi is back?
It is impossible. I am sure that he is not kind of untrusted person/people. If he wants to do it, for what?
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The sensible and smart governments of the world don't ban bitcoin and cryptocurrency. Why? They know they would profit from it. They would regulate it, which is nice and good
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The sensible and smart governments of the world don't ban bitcoin and cryptocurrency. Why? They know they would profit from it. They would regulate it, which is nice and good
Yes, I agree . I think the greatest risk for bitcoin is government if they will ban crypto currency. It should be thought. Because when the government ban bitcoinnmad altcoin, we will lost the chance to invest in crypto currency.
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If he sells his coins, then of course the price will fall, but then it can recover after a long time.
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The sensible and smart governments of the world don't ban bitcoin and cryptocurrency. Why? They know they would profit from it. They would regulate it, which is nice and good
Indeed, they know that illegal activites won't be stopped even if they ban bitcoin or crypto-currency. But it can be reduced by regulating in there and every crypto related company will co-operate with the government to do so. Also, government can get a huge tax from crypto investors which will be helpful for the growth of that country.
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For Bitcoin, it is governments' open attacks. Yeah they cannot prevent it easily. But you all know, they can easily destroy this space.
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If he sells his coins, then of course the price will fall, but then it can recover after a long time.
You have to understand that when the price goes down because a huge amount of Bitcoin is being sold, the price doesn't just stand there. Many will sell even cheaper for fear of their investments. Above all, the trust that has lasted for 11 years is suddenly lost. And our entire financial system is built on trust.
It will take years again to reach today's level of trust.
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The government will not ban crypto. But they will surely regulate it by putting tax on trading and holding crypto. Because they are also positive about blockchain technology.
Satoshi Nakamoto will not ever come in front of us. But as he didnt publish his identity so far i dont think he will ever do so.
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The government will not ban crypto. But they will surely regulate it by putting tax on trading and holding crypto. Because they are also positive about blockchain technology.
Satoshi Nakamoto will not ever come in front of us. But as he didnt publish his identity so far i dont think he will ever do so.
Paying attention to the cryptocurrency market, governments will not ignore the regulatory issue of cryptocurrencies. Moreover, they never left alone the income and expenses of their citizens.
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I believe that Bitcoin will rise in waves and fall by 80-85% just a matter of time. The fall will begin when no one is waiting for it, but I hope it will not happen this year. The fall will begin with some very bad news, for example, a complete ban on bitcoin in some countries.
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I think the biggest risk with Bitcoin and the whole of cryptocurrency is if the USA will decide to do what china did. As for cryptocurrency, it is actually the USA that is making this whole thing alive - this can be debatable of course, but I could not imagine if one day the USA is going to be closing its door to Bitcoin and the rest of the gang, similar to what transpired in China years ago. Yes, technically no country can ban Bitcoin or any coin for that matter but trading them to fiat cash can be difficult and many platforms deriving its business due to Bitcoin can stop doing business. Good thing that I think we can be sure that USA will never do the China thing and I think it is possible that USA can even utilize Bitcoin as one of the many tools to partly counteract the coming economic and political supremacy of China.
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There price can be down anytime you can't predict that is the only risk that i see but you became patience then i am definitely sure that everything will be fine
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I think it makes sense what you say. Because indeed at this time Bitcoin can be very expensive with a limited amount while the demand is great. But if one day suddenly the number of Bitcoin exploded, then surely it will not be like it is now, it will no longer be valuable and will become commonplace.
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The risk of Bitcoin is if we don't have it because if we don't have Bitcoin then we will miss the train and lose our money.
I believe that all of this is something that everyone wants because everyone wants to have lots of money in an instant.
Bitcoin has enormous fluctuations, which means it proves that we can multiply money quickly.
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Risk is inherent for crypto currency market and investment but i think if certain things happen in the market like a large volume hack from any popular exchange thats why the exchange stop operating one the other hand a big investor sell all his bitcoin and exit from the market.
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Loss of investor confidence is the biggest risk in crypto. Especially large investors with big money (funds, banks, etc.). And the mood of such large investors depends on the attitude of the legislators to the crypto. I don't think it would be interesting for governments to prohibit and destroy new financial instruments instead of benefiting from them in the form of fees, taxes, etc.
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Bitcoin or crypto currencies can not be banned from the entire world, even government of countries ban cryptocurrency and still, the citizens of such countries still go about buying and trading in bitcoins and crypto currencies secretly, so any ban on crypto currencies won't really affect the price much if at all it moves the market.
And again, if the great Satoshi Nakamoto comes on and wants to sell his 1m or 2m bitcoins, I believe he's not that stupid to want to sell everything in one go, he will definitely sell them bit by bit which I don't think will affect the price in anyway, bitcoin has gone really far and not even Satoshi himself can stop it, so whether he sells off all he's holdings, people will always be ready to buy it from him.
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what would happen if the great Satoshi Nakamoto suddenly came and wanted to sell his 1-2 million Bitcoins?
It is likely not to happen. He is the founder of Bitcoin, he won't destroy it with a stupid act. I am very sure Satoshi a smart one, he won't let his dream disappears just for money. Instead, Satoshi will always support the development or improvement of Bitcoin value. So, he mustn't ever think to do something such as dumping the BTC price.
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The biggest risk for cryptocurrencies always comes from the government and the SEC. Regulation will never give us peace of mind. Legislation is constantly changing not for the better.
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I think it's a very volatile price and we actually don't know for sure when it will go up when it will go down. That way we bet for profit or even loss. So this is a big risk from playing crypto.
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I think governments in countries that still prohibit crypto in their country haven't opened their eyes and haven't seen the benefits of cryptocurrency.
I think sooner or later all countries in the world will sell crypto and it will not be a problem because I think crypto can provide huge profits, and also have a big risk.
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I think there won't be so many stalkcoins on the network for Satoshi to be able to sell such a huge amount of bitcoins, and for some reason it seems to me that he will not do this, he will not deliberately collapse his project, I am sure that neo has great plans for his greatest project Bitcoin.
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In Cryptocurrency it is very risky and we can easily lose crypto very easily if we are not careful in investing. I think Bitcoin and Altcoins' biggest risk is if the government bans cryptocurrency. Because we will lose all assets in cryptocurrency.
So far Satoshi Nakamoto has never published his identity, I am sure he will never come in front of us and will not sell his 1-2 million Bitcoins.
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The biggest risk is all those people with power who cannot control Bitcoin or cryptocurrencies in general. Powerful people fear the unknown, they fear that their way of life will be threatened by something they cannot control. Governments, billionaires and large investment funds are some of them. Anything that changes that balance will be a potential threat to them. It's about control.
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If satoshi came and introduced himself to the public and sold a large amount of BTC Coins it would not have caused the price of BTC to fall. That's my opinion, the reason is that so far many people are looking for who is Satoshi nakatomo, the creator of Bitcoin. And because it has appeared to the public, the price of BTC will go up to the moon.
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The world's smartest and smartest governments, Bitcoin and cryptocurrency, do not ban it. Why because they know they will benefit from it. And they will handle it, which is great and good
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If satoshi came and introduced himself to the public and sold a large amount of BTC Coins it would not have caused the price of BTC to fall. That's my opinion, the reason is that so far many people are looking for who is Satoshi nakatomo, the creator of Bitcoin. And because it has appeared to the public, the price of BTC will go up to the moon.
I hope for Satoshi's own safety that he never makes his identity public. I am sure that many countries hope to catch him one day for "crimes against the sovereign currency" of some country, some governments could do something like this if they knew who it is. Fortunately Satoshi is smart and does not appear in public.
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I'm not so sure Satoshi will ever sell his bitcoin holdings, I mean it's been over 10years now and the 1 million bitcoin has not been moved to any wallet, but if eventually he decides to sell his holdings it will definitely crash the bitcoin price cause his holding over ~5% of the total supply of bitcoin, it will be disastrous if he ever dumps on the market.
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There are several threats to the crypto community, including Bitcoin & Altcoins:
+ Regulations of countries: if countries prohibit crypto mining in any form, prohibit the use or trading of cryptocurrencies, prohibit crypto exchanges from operating in that country, crypto will be heavily affected;
+ Sell-off: if Satoshi, Ripple or DOGE whales do this, the crypto market will be in turmoil;
+ POW miners revolt: this threat existed during the event that Ethereum miners wanted to oppose EIP-1559;
+ The attacks of hackers on crypto exchanges or lending platforms…;
+ Quantum computing: crypto isn't ready for this yet. Currently, as far as I know, only IOTA's Tangle technology has an effective solution against the attack of the quantum computer.
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There it can be reduced on a regular basis and every company involved in corruption will cooperate with the government in doing so. Also, the government can get a lot of tax from cryptocurrency, which will help the owner to grow.