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Buying when everyone is panic-selling is a pretty good tactic. You still can be 100% sure wheter it is already the bottom or not, though.
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I have mixed feeling regarding all this big companies venture capital coming into the crypto space. It is good for the overall growth of tge market as the big players are getting in now. But i do feel this could hamper the crypto space too as these big guys will manipulate the market to a great extent for their own benefit.
It was only possible in past but not now, and the reason is that the increasing number of bitcoin users, in fact as soon as time pass bitcoin users are increasing which is making bitcoin more stronger. Therefore i do not think that it has now become so easy to manipulate the bitcoin price so easily. Bitcoin is now becoming more stronger. The increasing number of bitcoin users are making bitcoin more reliable and stronger. I think we still have years ahead of us before we see true mass adoption of crypto. People are getting aware of it's existence but this is just a beginning. That's true. And also while crypto is so volatile and growth so fast, the majority is not willing to use it for everyday purchases as they see crypto as rather a store of value. |
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There is just a single cafe that accepts crypto in my hometown. Hope, there will be way more some day.
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Every now and then we need always a regulations in order to have a proper process or anything else because regulation intends to regulate what people are allowed to do, and I think that in crypto world we need a regulation to have a clearer transactions for all.
Yes, we do really need rules and regulation because it serves as our guideline in what to do and what is need to avoid especially in bitcoin. We have many bitcoin users so it must have regulation to be followed on order to have proper process. Rules and regulations also serve as the starting point of every users in bitcoin so btc must have it. I totally agree. I think that being regulated also means that people will need to pay taxes in every transaction. While this may seem negative to many crypto supporters, this actually helps reach more businesses without any fear of being shut down. The point is that, it is hardly possible to tax crypto without regulating the Internet, especially when you have anonymous cryptocurrencies such as Monero. Hopefully, crypto will eventually trigger a mass discussion regarding the morality and necessity of taxation in general. |
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As what one of the richest people in the world says, that be greedy when others are fearful. You must think that when the price of cryptos are down, it's already an opportunity to buy them in big numbers. The moment it will rise, then that's a big amount of profit too.
Exactly. And that is also important to stay calm and cold-blooded during downturs when everyone is panicking. |
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Definitely. Unlike fiat money, with bitcoin I can be sure that nobody can inflate it by minting some new coins.
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If you are not afraid that your money will be stolen, you can keep the money in bitcoins. And if you're afraid of it, it's better to keep your savings in the Bank.
You can store your BTC on a cold wallet only in order to prevent it from stealing. |
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I don't think that correction will occupy the whole year. The must be at least a partian recovery after such a big and long downfall.
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I prefer just HODLing. It's not the first time in history BTC plummets dramatically and there is no big reason for it to die forever at the moment. Patience is the greatest ally here.
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It's no secret that ICOs are rather a high-risk investment and most of the projects are doomed to fail. On the other hand, you can still invest in projects which you believe in and find their product or technology useful.
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There is basically no limit. MEW doesn't charge you any fees or anything else, so feel free to store as much as you want.
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The biggest issue is that Ethereum will most likely face the same scalability problem as Bitcoin faced already. Bitcoin dev community is trying to solve it with Lightning technology at the moment and Eth will also need to find a solution.
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I think it's a double-edged sword. On one hand, governmental regulation is a bad thing because it interferes in the free market. On the other hand, official acceptance and clear rules of the game can attract big investors who are currently apprehensive about investing in crypto and consequently the whole sphere would be able to expand.
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It's created solely for the sake of hype, so I believe it's doesn't even deserve attention.
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I know it is a very controversial topic (mildly speaking), so I ask everyone to be civilized and remain calm. All the coins that I heard of have either a fixed supply, like bitcoin with its 21M coins, or a supply which is determined by some algo. But this is definitely not what real economy needs. Modern economies are built around fiat while the amount of fiat in circulation can be changed in pretty much arbitrary way. If we discard the cases where the power to print money is heavily abused, this system works flawlessly (well, at least in theory). If an economy expands, more money is created by banks via credit, if an economy constricts banks give less credits while some money gets destroyed via defaults of the borrowers.
The point I want to discuss here is if we want a cryptocurrency to really act as a better alternative to fiat, its supply should necessarily be floating and depend on the needs of an economy, not on some preset, strictly deterministic algorithm, however sophisticated or complex it could be. How feasible is this? If you think it doesn't make sense, then what are your reasons?
If you want to create a coin with a floating supply, which is no random and can be used for certain purposes, you coin must be centralized. Otherwise, there will be no one to determine it. Basically, centralized fiat money is the cause of the number of problems, which bitcoin and other crypto with fixed and unchangable supply may solve. At the moment, every national central bank which has monopoly over currency emission, acts no better than a money counterfeiter. What do you mean by 'needs of an economy', by the way? Crypto with a fixed supply and high level of decentralization is more or less inflation and deflation-proof, while fiat money is being used for boosting inflation on a regular basis, which inevitably results in economic crises. |
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If you look at historic charts you can also see that despite the rise of the capitalism, the poverty index has changed in recent dekades and we have far less people who live in extreme poverty and have less than 1 dollar to live per day. If you look at the countries that are still very poor you often see rather socilism that doesn't work as now in Venezuela.
That's true. Also, it's important to point out that the rise of financial inequality which is always referred to by left-wing politicians and economists in their criticism of capitalism, doesn't mean that poor are becomin poorer. In fact, all income classes are becoming richer in the capitalist society, in spite of the increase of financial inequality. |
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It definitely has a huge pioneer advantage. And also it became truly decentralized as it was initially supported by technology geeks and libertarians only.
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TRX looks pretty much like an overpumped coin, whereas ETH is a solid asset prompted by a huge number ICOs based on its technology. For me the choice is obvious.
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The point is that the majority of the crypto market perceives BTC as a store of value and move secure their holdings in it when the market is dwindling. For that reason, bitcoin has depreciated less than altcoins.
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