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The results will depend on most countries that are more involve in Cryptocurrencies because they will be the primary users that will either cause the fluctuation on its value. We know that Bitcoin is very volatile and it is not directly being affected the Corona Virus or COVID-19. We know that the value of Bitcoin will eventually fluctuate at different points in time and we just need to observe it. Even if the Corona Virus affects Bitcoin, then we would surely see a big effect on it.
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I was holding my first Alternate Coin from my first campaign WHICH WAS A MISTAKE for me. I was really excited joining my first ever campaign and it was Electroneum. Electroneum got a good start and now its value is fairly low.
I still hold Alternate Coins like ABYSS, Lendroid and Hurify token. Their values are not at a sell-able price if you have a few but if we find more ways to get a hold of them, then it will be worth to buy and sell them.
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Another reason is because of its use. Bitcoin has really evolved from a long way and we can actually see its achievement throughout the years. One thing that we can never forget about Bitcoin is that moment when Bitcoin was used to buy Pizza's. We know that it has value at that time and it was low BUT as time passed by, when people realized that they can gain Bitcoin through some work (mine it, promote it, provide service) and other things. Bitcoin really changed the Cryptocurrency industry and placed it to be a recognizable one. If we understand how Bitcoin works then that is how we see its value.
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This is actually a very helpful posts for someone like me, who is returning to the forum to join some Signature Campaigns. Looking forward to more posts like these.
Can we get another posts that promotes Bounty Handlers? That would be a huge help because having credibility will also boost the Cryptocurrency or Alternate Coins that they will be promoting.
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That is actually true in some countries AND it really affects traditional banks. Some banks are really being creative to achieve a form that is somewhat near Bitcoin and that is virtualization of banks. They are releasing updates that they can use banks online now and that is actually good.
Knowing Bitcoin can be accessed through the Internet and using it to pay for something is really good and hassle free instead of going to traditional banks and withdrawing cash. I hope that the development never cease to stop and be a help to every generations.
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The Philippine President had signed an agreement in taking a big step towards technology, and I think this may surely change the way the Philippines with its technology, currency, and monetary system and I think this is a big leap for the Philippines and for the Bitcoin market as well, A platform called Bitcoin Lifestyle that generates automatic income with cryptocurrency trading, what can you say about this will it innovate the Philippines further? and may help the Filipino people in the midst of the pandemic? In my opinion, I am pretty excited about this here is the link for further information. Bitcoin Lifestyle If this is even true, this should be aired in the National Television of the Philippines but seeing it as an article only on a website that has no protection, I can say that this is fake. First of all, the President of the Philippines is taking care of other matters and would not really tackle Cryptocurrency at first. Maybe the Department of Finance will take it into consideration but having the President have a say on this is really questionable. |
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Being in the forum automatically introduces some of the risks. First we got that risk of having our identities taken by someone in the forum DEPENDING on how well we hide our identity. The Cryptocurrency industry is not full of fraud and scams because some people are making their profits from it. That is actually good because if we can look for ways to do that too, then we can profit from it too. We just always need to consider the risk whenever we join a project and make sure that we are ready to face those risks.
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To me many new projects are here today just for your money, you invest in them and you make them rich, that's why we keep seeing unqualified people becoming developers, it's always about the money, I wish crypto projects are much harder to built, maybe only few scam projects will exists...... I know how easy it is to built erc20 token and website too, God have mercy on investors, I hope solution comes soon
This might be actually true because we know that there are risks when joining new projects here in the forum. That is why you must always consider some of the risks and check carefully on whether you can gain profit from them. It is hard to avoid these kinds of projects because these projects are easy to promote. The new projects are new opportunities to make more Cryptocurrencies thus we can either support them or not, and that depends on us. |
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The answer to these kind of questions really depends on how we want our money to grow. It is true that there are a lot of ways to earn in the Cryptocurrency Industry and one of them is by Buying and Selling different Cryptocurrencies then wait for their prices to fluctuate. Bitcoin being the most famous of all Cryptocurrency is still worth the investment but do not forget Crypto's like Ripple and Ethereum. Ripple is still good because it is easy to buy and convert it into other Crypto's too.
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With the world's economy collapsing, people are looking for alternative safe-haven assets to use in times of turmoil. Interest in crypto has sparked a lot ever since the stock market went on a decline. If people decide to use crypto, precious metals, and physical cash, will it be possible to live a normal life without a bank? In my case, I'd be willing to exit the banking system in order to have true sovereignty over my money. After all, that's what crypto is all about. If you could live your normal life without the need to ever interact with a bank (having a bank account to make transactions, etc), it'll be a blast. With the world shifting towards the online realm for e-commerce, virtual meetings, and more, it seems likely that people will be using decentralized money more thoroughly. There are still people using credit/debit cards, but that may change soon as Fiat becomes hyper-inflated. What are your thoughts?  It is really unfortunate that the world's economy is collapsing however some countries are still not ready to take on another step to revolutionize on how to use money or currencies. We know that some countries are widely using Cryptocurrencies and that is why their countries are able to survive because some communities still looks for ways on how to purchase their daily needs. Living without banks maybe impossible for this countries because they still need their cash circulated to keep their economy alive. |
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At first maybe yes, Bitcoin is a store of value but as time passes by, the developers of the Cryptocurrency Industry creates a lot of ways on how to utilize Bitcoin to the fullest. Nowadays we can see that Bitcoin is not just used as a store of value but it is used for different transactions that act as a currency which is like a money. That is why many developers are supporting Bitcoin because they know that its capabilities are not yet fully used.
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Of course there is always the possibility that Bitcoin will reach another All time high. We can see that the Cryptocurrency Industry is not dying any sooner and might even gain a boost in popularity if we keep on promoting it. It will reach new heights and we should just wait and see on how things will go for Cryptos but for being part of this industry, we need to make sure to keep supporting.
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When I first started reading about Cryptocurrencies, it was really hard to choose on where to gain knowledge about it. It was hard to study it alone due to the fact that it is not widely known in some countries like ours. Fortunately, some of my classmates that introduced me to it was enthusiastic enough to teach me about it. Then slowly, I started understanding some of the stuffs based on this forum before I started reading some topics on reddit too, which is also helpful.
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It is made to be user friendly. Bitcoin along with other Alternate Cryptocurrency was made to be understood to those who have less knowledge about Blockchain Technology. They create their platforms as simple as possible because lot of investors might come from people who have few knowledge about Crypto. Bitcoin was easy to understand when i first learned about it. It gave me different ideas about how versatile Cryptocurrency can be.
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Lithuania is preparing new rules to govern cryptocurrency transactions, requiring businesses to prove the identity of clients, local daily news outlet Delfi reported on June 12. As part of its obligations to impose European Union anti-money laundering (AML) regulations, Lithuania’s finance ministry will seek to completely formalize crypto-based exchange operations. Parliament approved the move during a sitting on Wednesday, Delfi says, while a time frame remains uncertain for implementation. Once the rules come into effect, any transactions worth over €1,000 ($1,127) involving cryptocurrency — be it into or out of fiat or from one cryptocurrency to another — will face stringent reporting requirements. Exchanges or similar businesses will have to gather identity information about the buyer, while large operations over €15,000 ($16,919) will oblige them to inform Lithuania’s Financial Crime Investigation Service. https://cointelegraph.com/news/lithuania-to-regulate-cryptocurrency-exchange-sector-with-obligatory-id-checksWhat Lithuania is doing is good for its country and must be set as an example to other countries. Regulation of Cryptocurrency might be a big step for every country. They are carefully adapting to what is the trend right now. They are exploiting every technology available that can be used for the success of their country. |
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Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up? Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Please give me your thoughts. IRA or Bitcoin for the long term?
The Cryptocurrency Industry is in the process of Stabilizing. Some values of Crypto are always fluctuating and stays that way for some period of time. IRA is an Alternate Cryptocurrency that has the capability to increase its value as time passes by but Bitcoin also has this capability and its value is far higher than IRA. One decision to consider is by investing in Both of the Cryptocurrency and trust that it will be profitable. |
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I have thought about this a lot, especially more recently as I question why I'm using Bitcoin. Since cryptocurrency began, there have been so many new and improved versions of the "Bitcoin blockchain", one of the most notable probably being Ethereum.
It's always painful to use Bitcoin in comparison with sometimes up to $5 transaction fees for sending even $10, not to mention the amount of time transactions take. It kind of feels like Bitcoin is a sinking ship in some ways, because of the increasing problems that occur with a blockchain system. However, this doesn't seem to faze many, as the price keeps rising again and hitting new records.
My ultimate question is: "Is Bitcoin so valuable just because it was first?" As technology progresses it's inevitable that new and better ways of doing things will be discovered. But is it really about just being first in today's world? What are your guy's thoughts on this? Do you think there will be a breaking point aka, amount of inconveniences people will put up with before moving on?
That was at least one of the reason why Bitcoin is so valuable. Bitcoin is so versatile and people are looking for ways to earn it. All of the Alternate Coins are going back to Bitcoin because of the Market volume of Bitcoin is too high and that also one of the reason Bitcoins value is too high. Bitcoin is only one of the Crypto that can be turned into cash and most of Alternate Coins does not even have this feature. |
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Which country has most number of bitcoin users, miners and vendors? And in which country bitcoin is accepted the most? Like in at institutes or super malls or stores etc.
Has such data been calculated and available on the world wide web?
We know that the usage of Cryptocurrency around the whole world is known and pinpointing which country has the most number of users might be hard but we can at least get too know in which country is Cryptocurrency most used. Bitcoin is widely used in many countries, we heard the news of the guy buying Pizza with Bitcoin's also in other countries. We know Cryptocurrency helped those in need and they are still learning on how it can still help them. I do not think such data would be calculated because most of the users wants to remain anonymous. |
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The amount of news on hacking, money laundering, drug trafficking and others that involve cryptocurrency or bitcoin seems to never run out. has become a natural law there are always two sides to this life. There is a right there left, there is a good one that is bad. so also in the world of crypto, bitcoin and others. But we must agree together that all return to their own people, want to use it all for good or evil. So there is no side of crime in bitcoin, because bitcoin is just a tool used. The evil is the human mind that directs it.
Bitcoin started as an Digital Asset and was only meant to be used for payments. Intellectual Users always have something on their sleeves to gain advantage over others. They may started to use it as funds to transfer dirty money but it doesnt mean that we should start to think bad of Bitcoin. There will be always some users that will use Bitcoin incorrectly but we should set them as an example NOT to follow. |
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