A friend of mine started to save money in BTC for his son.
Now he is in worry about the idea because of this last dropping months.
I told him to re-load some BTC up to lower the average.
If you have any suggestions about this please share
Its BTC a good way to save money for our kids?
Will this pay them a car? the university? a house? nothing at all?
Tell your to sell their bitcoin now and buy it again at lower price. Bitcoin price will go up again but we don't know when, save btc for their kids is good, actually the future of bitcoin is very good, it is better than other online payment methods so there is a big probability that bitcoin will be the main choice for online transaction. |
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I might be mistaken but I think this is the only way, for now, to buy things on amazon using bitcoins.
You can also use Purse[1], and you can get discounts too! I've read decent reviews about it though I really haven't tried it myself. If only Amazon doesn't charge abysmal internetional shipping fees.
[1] https://purse.io/Correct, actually there many vendors who help us to use bitcoin to buy good, service or even pay tuition. One of my favorite is purse.io . It seems the way it works is almost the same. And actually amazon don't really receive bitcoin but still recieve fiat, all transactions is managed by those vendors. |
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That so much capital left the market? Market cap was $220 billion 3 weeks ago. Today, we are barely holding on to $125 billion market cap. How much lower can btc go in price? 3k, 2k, 1k?
I don't feel like it's dead, but I feel like it is a lot more vulnerable than it was prior to a month ago, and I am not certain about a recovery any time soon.
ICO is one of some factors that make bitcoin price fall, some investors buught altcoins using btc and then the developer immediately convert it into fiat to avoid volatility of cryptocurrency price. But actually that fund is still used to develop cryptocurrency related platform and then it will give good impact for cryptocurrency so actually it is the right time to buy bitcoin, but I won't buy it now because the price will keep go down until less than $3000. I will buy it again when there is a good signal of increasing price of bitcoin. Then I will become a millionaire. I disagree if you said that cryptocurrency be easier to manipulate, no it's harder now because many new people buy bitcoin now and btc will spread evenly so liquidity become higher. |
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All my savings are currently in BTC and all I can safe in future will go into BTC as well.
I will NEVER return my money into a bank. I have no any intention to ask 3 to 5 days before a large cash-out, to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions..
I have no any intention to get surprised one day with a bank account locked without notice; with transaction blocked by some reason, with funds frozen because some someone decided the origin is "unclear"..
NEVER AGAIN!
I do not care if the price of BTC goes to $1 or ¢1, it`s enough if I will be able to operate with it for every single purchase and for all of my needs. Untill that day comes I will never return MY money into a bank! If all I have become to a value of ¢1, it`s fine! I will have MY ¢1 FOR REAL, instead of unclear value is someone else`s bank system, created in order fiat owners to make more fiat only because they already have fiat.
You take a very big risk, I suggest you to sell now then buy it again when the price reach the peak of price down so you can own more bitcoin at that point you can hold your bitcoin until a few years then you could use your profit that you will get to buy any thing you want. Don't be emotional mate, sell now then buy it again when the price reach $1500 I think the price will not going down further than that point. |
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Prices have been on a constant decline ever since this year began. There's been FUD all over the place, and governments have been cracking down on Bitcoin and other cryptocurrencies. In addition, there have been several hacks which have also contributed to the decline in the value of the whole cryptocurrency market. As such, many people have lost their faith in Bitcoin and cryptocurrencies in general, as they've lost a lot of money. Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted. Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon?  Don't be pessimistic, world can't ignore the fact that bitcoin is one of the great invention in this century so don't worry. The price will rise again, it's the part of bitcoin volatility. We don't know when the price will rise even higher maybe can surpass $100.000 per coin. There is no normal price of bitcoin  we can't expect bitcoin price in certain price at this early phase of adoption. |
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I am a little doubtful that what I wrote is worth it or not, but this always comes to my mind and wants to ask this,
I have read several topics here that the drop in Bitcoin prices sometimes occurs because investors experience panic and sell their assets after reading the bad news circulating, and here I have thoughts what if a crypto community has the intention to raise the price of Bitcoin and other crypto by spreading the good news about bitcoin and also introducing bitcoin and its usefulness to the wider community?
Will it help to increase Bitcoin prices?
Actually I also heard that bitcoin price will keep fall, maybe until $1500 so I decide to sell all of my cryptocurrency, not only bitcoin. I did it because I want to get better chance to buy bitcoin at lower price and when the adoption is become better then the demand of bitcoin will increase and the price will rise. If the whale want to stop it then they have to sell and sell their coin but how long they can do such thing? Until all of their coin sold then they will have no coin anymore and the adoption keep growing and the price keep rise. I agree that the news that spread is give really big effect on bitcoin price but usually the effect is only for short term. |
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I was very supporting the idea of a currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
here is the reasons
1- Whales control big percentage of the 21 M Bitcoin
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss
I wish I cloud have reached to this conclusion earlier
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Be patient mate, those whale will not hold big amount of bitcoin forever, they will sell it. Now they sell it and make bitcoin price fall , actually this is our chance to buy bitcoin at low price, I don't say to buy bitcoin now, I personally will wait until Bitcoin price reach $1500 then I will buy it again when I can see there is a signal of bitcoin price pump. If theoretically bitcoin is a good idea then the execution will be good too, just need to wait. Now we are playing with big whale. |
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I don't think that bitcoin will die, we should not worry about the price. Bitcoin is still usefull, it's better than any online payment methode even bitcoin is better than paypal, alypay or etc. Bitcoin price is volatile, we don't know where it moves. But the certain thing is bitcoin price will rise due to the increasing demand of it. And the demand is keep growing now.
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Proof of joined post
Bitcointalk username: millgates
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ETH address: 0x5dCc5b3e239326E980Ac8B04ee04C8637a32E768
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Learn Chinese is better, japanese people don't want other people except japanese to work in japan. China is a country which there are many industries that grow fast, by learn Chinese you can cooperate with many chinese people who spread around the world. Almost of countries has chinatown right?
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The goal of technology was for everyone to have easier lives and work less. Well todays generations have it much tougher. They are working for much lower wages and longer hours. Its next to impossible for millenials to purchase a house on their own. Something here itsn't right, Capitalism?
Correct, people thing that saving money in bank is good to improve economy of the country because money in bank will be lended to businessman to create an industry. But I think it is false, those businessman become greedy and competting based on the capital that they have, the capitalism affect the money circulation, actually capitalists are save more money rather than invest it. This create very big gap between the rich and the poor. Technology was help us to work easier but the economy system that focus on macro industries make very hard situation for millenials generation. |
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The demand of bitcoin will be increase, many investors now are afraid about bitcoin price, the good sentiment will be made by that good news. Decentralization is better then centralization, I am sure that decentralization could lead to the balance of economy. So I am sure that decentralized cryptocurrencies is a solution to the unfair current economy system that use fiat as medium of exchange.
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Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?
It seems that it is impossible to be implemented. Bad people in government will try their best to prevent the implementation of this. This technology can't reach political area yet. Honestly I agree about your idea because blockchain is very appropriate to reduce the corruption. |
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As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
I think bitcoin was overvalued in 2017. Now, this year, many investors who loss their fund because the correction. But it isn't meant that bitcoin is end, actually people still have interest to bitcoin. Also we have to remember that bitcoin is volatile because of the low liquidity so when "whale" / big investors invest their money in bitcoin then the price can be pump because other people will also look for chance. |
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In the current digital era, many people are starting to trading Bitcoin and Cryptocurrency because they think Bitcoin trading is profitable from other businesses. Some people again say that business is more profitable than Bitcoin trading.
Actually it is depend on each person. Someone can get profit in bitcoin or cryptocurrency trading and other business as long as he/she know how to get it. Everything need knowledge, with knowledge we can earn more money. |
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Cryptocurrency investment is very speculative, if they want to be serious to invest in cryptocurrency then they should ready to loss money in it. This investment type is very risky, they are don't like cryptocurrency, aren't they? . Actually this investment type is also profitable if they have big amount of money to manipulate/play with cryptocurrency price to gain profit in trading.
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I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.
1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.
2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.
This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
Fiat money is unfair, you can see the result of fiat money usage now that is inflation. Even some of fiat money become worthless because of money trading. You can see bolivar as the example of this cases. My point of view is that fiat money will be dissapear/unused then it will be replaced by gold or bitcoin (virtual gold). But I prefer gold as money. No good combination between cryptocurrency and fiat because I think both are the enemy of each other. Cryptocurrency and gold is the real best combination because the amount of bitcoin is always same and gold too. |
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Those risk is come from the users habbit itself. About fraud and other financial crime is focused on each person who get involved in it. I am also a victim of fraud, I have looked for bitcoin service but unfortunately I visited fake website and l have lost my bitcoin there, and then I think again, it's not bitcoin faulty but it's pure cybercrime and my shortcomings. I have to be more careful to visit any site. So any bad thinga is not from bitcoin buy from people, so bitcoin is not to banned or rejected.
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And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.
Bitcoin technically is hard to shut down, since all data has been distributes to each computer which has bitcoin wallet installed in it no one can delete that data except delete the entire data in each computer. But bitcoin is economic game which means that someone or group who have huge amount of money can easily influence bitcoin price then create the unstable price of bitcoin while those people still cam get advantage from panic selling by new bitcoin holders (newbies). Bitcoin is very weak in term of liquidity right now. |
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