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I checked the sites and found the blogs interesting and quite filling. i am however unable to certify the authenticity of this news and in any case if this were true (I want to believe so), there could be a number of increase in purchases and hence an increase in the bitcoin price. This could either jack up the price or bring in more people.
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This is a very remarkable point I myself have not considered and yes this is a huge plus for the bitcoin and crypto in general. With the way counterfeiting and fake currencies abound, the capacity of the economy to work right with these notes is difficult and for practicable purposes, dangerous. This would never be the case when crypto is in use.
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Bitcoin is not only innovative it is revolutionary and here to stay. The rapid and aggressive incursion of the bitcoin and cryptocurrency innovation has unseated and toppled the ancient, dominant traditions that have made few men very people very powerful and allowed them have their way. this also a major reason some of these people oppose the crypto innovation. It indeed is a revolution
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I think its up to you largely to determine whether you would want t go ahead with the plan to either invest your money in the bank or in crypto, however as a word of advice not taking any risk is risky itself and taking miscalculated risks is equally very risky so do your findings well before you jump in. better safe than sorry
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The answers given by quite a number of folks reflect their understanding or grasp generally about the crypto world and bitcoin in particular. Well, the bitcoin like I have equally always maintained is a revolution; and a revolution brings change in a radical way such that if you don't go with it, you get swallowed by it. Much of cryptocurrency is yet to be scratched so we will be seeing new possibilities in the near future.
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Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
The simple answer I have got for you is that you study the bitcoin whitepaper and the other meaningful cryptocurrency documents an see for yourself the error you are in. Then you should understand that no scam no matter how foolproof is guaranteed runs for 9years and counting. Consider the scams and ponzi schemes and even the dotcom bubble and see how long they ever late? It might interest you to know that the banks that want to have a slice of the cake are seriously giving the bitcoin a little more respect and consideration, because it is the currency for the future. |
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While we cannot deny that there are similarities in the operations and activities of both exchanges, it is certain that there are differences in the exchange platforms. Primarily bitcoin, deals in assets based on electricity and hash power of the coin available for use on the exchange. Thus the more the patronising index the coin sees, the higher the valuer and vice versa. this clearly indicates that the prices of the assets on the crypto exchange varies significantly from that of banks. There are still other major differences such as trading time and (24/7) and transfer scalability.
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Promotion is beautiful, but promotion of the bitcoin alone strictly speaking will not be enough to push the bitcoin, its price, volume held and patronage. It will require a collective effort to ensure that the entrant exchanges adhere to certain minimum standards to both secure and promote the platforms at the same time, create more awareness of the use of the bitcoin by the free acceptance and use of the currency both online and offline. Very importantly we must not give in to the idea of pessimists and the words from the mouth of the traditional business entrepreneurs as they seek to protect their own business.
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Risks are still "stalking" Bitcoin users
Some economists have predicted that the future value of the Bitcoin will probably fall to the bottom, which is zero. But its value can be very high, up to $ 100,000. peaked at $ 1 million. I feel very dangerous when I play in this coin market.
What do you think?
The idea of bitcoin seeing fresh storms or challenges will almost always be there as internal and external forces exist that seek to mitigate or put the bitcoin and cryptocurrency in general in bad light. But as more people buy into the crypto concept, the larger, stronger and more formidable it is to whittle down the price of bitcoin. Its going to be pretty much difficult to see the price come to zero. |
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lack of regulation is actually one of the reasons the bitcoin has seen some backlash and it is likely that as time goes on the conventional and acceptable businesses will come together to form a cabal and so place some regulations to protect them from the sharks out there at sea. Anybody can be anything but they are on the internet and this is actually a problem dealing with individuals or groups who may have little or no physical presence in reality.
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The bitcoin is a revolution and the innovation is to make transactions flexible, faster and well secured. The idea of the bitcoin is essentially to create a decentralisation of the financial world in the 21st century thus destroying the monopoly of the ancient banking and financing houses. the potentials of the bitcoin to many doing crypto is enormous, particularly changing the financial state of many positively and broadening the horizon of many in business.
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There are many things that many folks out there have not factored in their knowledge of the bitcoin and crypto in general. The fear of losing hard earned money is one of many reasons why people try to play safe. As you aware money once lost cannot be regained. the need to throw caution makes them overly protective and hence they don't invest.
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Technically it dies too, as no one is able to access it without your passwords and necessary details. to be on the safe side, write your will today and include where you have the passwords hidden somewhere so that when the inevitable happens your folks know where you have been saving something for them.
Don't die soon Mate!
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You should realise that giving something to your nephew must be calculated and weighed. those are personal issues that you should be able to handle yourself. If I have to give my nephew 0.01btc, I would go ahead and make him happy by giving him the 0.01btc and a bonus 1btc! That way he knows for life who set him up to early financial freedom
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I choose fiat over crypto for purchases because of the inherent capacity of the bitcoin to become an asset. Once someone used bitcoins to pay for the cappuccino he ordered for. He will forever rue the day he decided to make that that transactions. Fiat is smart choice or decision.
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The bitcoin is gradually gaining popularity and is still far off from going any where near the stock market in volume, however when we consider the rate of pick up from the events around crypto, this could become possible when the real solution and purposes of bitcoin is harnessed and used. i am confident that in the not too distant future, this could happen.
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Hello admin: great work here. Please is the bounty campaign still on? Thanks for your kind answer.
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I actually thought that using the bitcoin would be very difficult to use as there was much mystery around it when i first ventured into the bitcoin business. The bitcoin has certainly transformed and changed my perception about the way I see crypto. It has helped to broaden my horizon about the uses of the internet and help me prioritize my values
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The future will be greatly defined and addressed by the incursion of the bitcoin revolution and the crypto innovation. the transactions of today will further be drastically reduced by the transactions on the bitcoin ledger, blockchain. The future will be marked by the signature of crypto
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Bitcoins are certainly valuable. the concept and idea of the bitcoin is almost a decade now and the concept has rapidly grown over time bringing a huge and large following to the new concept. The bitcoin will be changing the concept of centralising the way operations are now carried out especially financially.
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