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well as far as i know, this forum is made to discuss not only bitcoin but also the cryptoworld and so much more, so we cannot blame other people about their own opinion based in what they had experienced, besides we all have different perspectives in life, aside from that even if they alqays talked bad about bitcoin, it doesn't even back down and yet it remains one of the solid crypto investments.
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i can see most of the problems of the investors are because of panic selling. i know this is already no commong because since then, a lot of people or investors tend to panic when they see the market on its down trend, is it really that bad? Yes the OP is right, you haven't lost, not unless you sold it already, besides when we say about bitcoin, some would prefer hold it because it is a solid crypto rather than sell it and convert and then regret.
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While investing everything on a proven winner is the quickest way to bring a high return on an investment, it is also the riskiest. With a diversified portfolio, the downturn of one altcoin matters less. By spreading investment capital over a wider field-of-play, an investor is maximizing the odds of receiving a positive return on investment.
We all know that investing in cryptocurrencies are so risky so i reffer to read a lot of informations before i invest with something. Many of us experience that their where scam. So i am careful in terms of money cause i dont want to be a broke someday. I want become rich. Good luck for all of us well in my opinion it is good to hear that you wanted something in life for the future, but in reality, you cannot deny or avoid failure, and honestly no matter how much you have prepared for your victory there are times that you are back against the wall, but that's reality. failure is a part of success, that is why in investing no matter how knowledgeable you are you cannot still know what's right ahead of you, that is also why we carefully examine what we are going to invest and then study, in short we also rely on information we gather as knowledge. i agree, although some good businessmen will tell us to not keep our eggs in one basket. its a good plan to diversify your folio not only for higher return but also for less risk if possible. |
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My answer to the principle is: NO
Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.
Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.
BUY BITCOIN TODAY AND ALWAYS.
The future of bitcoin will be in how this will survive without the full support of the government. I have no doubt about the technology but on how the investors put there money on bitcoin without a fear of losing the value. Maybe in the future another coin will in control the crypto currency world as nothing is permanent unless change. Government has not supported bitcoin so far. Actually most of them have tried to hurt it one way or the other. Only few countries supported it and Japan is the best in this perspective. It has been supporting and promoting bitcoin within its boundaries for year now. It understands that the future of money lies in bitcoin.But some people want to get hold over bitcoin in every sense. It is not only bitcoin which is having decentralized nature but all other crypto currencies are also having the decentralized nature which makes them independent of any kind of rules and regulation. This is the only thing because of which the government is not willing to take any kind of positive step and is feeling reluctant to declare the crypto currencies as legal currencies but things will be better in near future. in my own perspective, anything that isn't registered by the government or they can't keep their hands on are being labeled as illegal. to think that it has decentralized nature, they can't actually hold unto it. besides there is only one option its either they will support that as a method of payment just like what they have stated above from the government of japan. bitcoin has a long way to go, setting aside those left and right issues thrown to it, while at the same time surviving despite the difficulties and those against it. |
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i think it wont be really that successful, besides we all have fiats issued by the government and it was first centralized, so the idea of having a decentralized currency for a certain country is quiet troublesome and difficult one. let us just stay to where we are currently and let's just watch what will be the next decision or the flow of the economy, because of this we are just speeding things up.
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Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.
The question however is, can blockchain succeed without bitcoin?
From my personal point of view, Blockchain will still succeed without bitcoin. Because there will be some other talented people who will take advantage of the Blockchain platform like bitcoin that has found Blockchain. Bitcoin currently has a very good future, as investors have realized the true value of Blockchain technology and the increased capitalization of the investment market. although it seems quiet impossible that bitcoin will vanished, if that might happen i share your opinion that still blockchain will exist and be able to survive, and since there are still lots of coins in the market that needs the help of blockchain, even bitcoin is the mother of all coins might disappear still that doesn't affect the blockchain technology. |
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i analysed the chart of bitcoin and i focused on times when the price were dropped, I concluded that the bitcoin always save him self and back up more then ever.
Because of the current crisis for bitcoin which is not the first in its history, some people have become suspicious of the future of this crypto currency, so much so that they are saying it is useless.
I just want to remind the world that bitcoin is the first crypto currency in the history, raised in 2009 as decentralized currency in the blockchain technologie.
bitcoin has the value, because is the first.
Calm down, Bitcoin will increase again after the crisis in early 2018. Indeed in every currency there and make the price plummeted. But it is an arena for the future to grow even better yes and there is also no point in panicking, besides since then we always encounter this kind of problems after a huge increase it will go down for a pull back then eventually it will rise again. the only difference is that if you analyze carefully the charts years ago, the percentage of which it goes down doesn't gone below or lower than that so it is still safe. for the future, some people may say it wont last long, but who knows, we are already here in an electronic age so nobody could really tell, and most of us have a huge belief that this will be the future currency. |
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Yes it is because not all people are use to with gadgets and smartphones. Some of them were only good at using telephone whenever they need someone. other than that some people also prefer to used mails that was sent through a post office. So smart phones and computer for them is not necesarry. Other people also who live in the rural areas does not expose themselves with technology because there means of living is on crop production so smart phones is not necessary for them also. So if you will going to introduce them with bitcoin probably they will laugh at your face because they could not understand on what you will be saying.
Right, not all people are familiar with internet and smartphone But I believe most of them do Almost all younger generations are now have their own smartphone which make it easier for them to learn more about bitcoin and crypto in general if they are interested then its a big YES, but as far as i can see on my surroundings, most of the younger ones are more interested about the current trend, which doesn't include bitcoin, yes maybe some of them heard about it, but in terms of interest, I think nah they didn't have it at all, but not all of them. right now the youngsters would probably focus on the trend such as being popular on social medias and other stuffs like that. |
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It would be a good idea? Anyhow I'm wondering from who do have the founds this employer? Who work with bitcoin today? I heard some people in Polonia but I don't know if they continue to do this after the drop of the price of bitcoin. Then when do you find the safety that the price of bitcoin will not go 2 us dollar in your time of retirement. What do you do in this case? I personally don't believe that but who knows the future? Third why don't do this with your fiat money of your country? It is not more secure this?  For the vast vast majority of bitcoin investors, they would have to use a service that have scheduled transfers/buys to do this. i.e. Coinbase With it you can schedule weekly purchases which can be sent to a multi sig vault Although.. if you use this method, it still takes self discipline to not spend it too soon The meaning of my post is who pay with bitcoin the salary and not where can be send the money from the work of the person. As I know no one paid with bitcoin (even coinbase itself) but with the real fiat money. So, to use bitcoin as a retirement tool must be someone which pay in this currency. Anyhow must be a way to realize this. Be paid in your country fiat money and then part of salary use to buy a quantity of bitcoin. Then those be save in a wallet. But even this it is not possible to realized because not from any country can be bought bitcoin and the fee are high. So can be expensive and not worth to do. as far as i can understand, maybe it should be as well consider the risk of the bitcoin's price in the market and there is no guarantee to what will be its price for the next few years. even though you will tell us to be positive and trust its potential, yes it will rise but it will still be risky knowing that what if the price will go down? what will those retired people do? or when it rise at any moment what will the employer do? do they have to take back all their funds intended for the retired employees? i guess this can't be answered for now, and if someone will really do this it will be a very risky decision and choice for both the employee and the employer. |
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well i don't really mind what they say about it or in short just let them talk, we cannot force them to believe or even force them about your ideas about crypto, besides it really isn't a big deal to us even if they throw rude comments or any bad feedbacks about crypto, we could not also blame them, it is their own perspective and understanding. let us just mind our own business, besides eventually when it will be popular they will come at you asking how you do it and how you have it . |
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As long as you have the back up phrase then that will become your key to be able to gain access to your wallet again because that will reset your wallet and you can set the new password again but if you don't have the back up phrase then that will mess all the things up and that will become the reason for you to lose all your funds.
it may seem to be a tragic ending for all of your funds and your holdings you kept for a long time. although i've heard quiet a lot of complaints about this issues, this is really alarming, and we should always be careful and always keep the phrases and our passwords listed down, just for in case these kind of problems may occur, even i kept my records and passwords and even put some keywords which i remember when i read those just to remind me about my passwords. |
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Bitcoin has what is called the first-mover advantage, meaning being the first makes it the most recognizable and becomes a powerful advantage. Also it has a strong network effect due to being the first cryptocurrency.
the OP has already cited it all, and we all share the same reasons. due to its popularity, plenty of new investors are coming along the way, knowing also that it is a good investment for long term purposes, aside from it, plenty of people keep on trading it on daily basis which also makes its market alive for a certain reason, so aside from it many sprouting crypto tokens have been made with the same objective as the bitcoin but with different platforms. |
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sending money from different and foreign countries has been so difficult these few years, and i think thqt maybe because of crypto or bitcoin can be very beneficial to people from different parts of this world by sending money hassle free and much safer if we analyze carefully.
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I have gathered informations about bitcoin that might interest you and what’s going on in the other side of the market
Let’s see.
The bitcoin price is now up by approximately eight percent since the beginning of the week. At press time, the currency is trading for over $8,800, and $9,000 by Monday seems like a done deal granted bitcoin can keep up its current momentum.
Frank Cappelleri – executive director of institutional equities at Nomura Instinet – predicts that the currency is slated to go much higher, and will likely strike $9,173 in the coming days.
In addition, over 60 percent of analysts – according to a poll conducted by Tom Lee – feel that bitcoin could break $12,000 by the time summer rolls along.
“Large hedge funds have entered with deep pockets and strong hands,” says John Spallanzani, a portfolio manager at Miller Value Partners. “All positive signs.”
With all of these positive signs we can expect a good market gesture in the coming days.
And yet mining is once again looking profitable!
This some kind of positive feeds,when after you post this price grows in good value maybe you have done a great analysis on this one. Suppose that bitcoin are going ups and down still here in $9,000 but the best thing here is wer gaining,and many have seelinh their coins those who has trapped from the dip early of February. although it's been so annoying to wait for weeks, still we are thankful that it rises a bit, not only for those who were trapped last month but for all those who are panicked that the price might drop lower than the average, besides it is normal to a market to have a bit pull down. |
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there some local exchanges that converts your bitcoins into cash. Here in our country there are only few trusted sites and apps that offers services like that, and aside from that there aren't too many merchants here who accepts bitcoin as a method of payment.
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currently in my country bitcoin still exist, although in my country transactions using bitcoin banned by the government, because bitcoin in my country still not legal, so bitcoin can only be used for investment and shopping in online
sad to hear that my friend, but still there is no need to lose hope, maybe it is just temporary, we all knew that they cannot totally banned bitcoin, but instead they can only prohibit the usage of bitcoin or limit the uses of bitcoin, aside from that they cannot totally control bitcoin because it has naturally decentralized. here in our country it hasn't been officially announced whether it is accepted or not, but i have heard rumors that they are already planning on adopting bitcoin. |
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we don't need to regulate cryptocurrencies but regulations can be also helpful with the adoption and growth of them or they can be restrictive and even prevent the adoption altogether. in the end it will come down to what they are regulating and how. for example if it is regulation of exchanges and if it leads to a more secure place where people can trade with less risk that would be a very good thing.
its a good idea to think there is a proper regulation among cryptocurrency, and it doesn't mean it is required to be implemented. i agree with what you are trying to say, besides it is also one of the factors that will help the digital currency grow and according to you it will lead to mass adoption and avoid higher risks among users. |
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well to tell it honestly most of us here would say including me, aside from its the king or the first cryptocurrency being created, but because it is also money, and the mere reason is that we can make money from money which is a simple concept why people like cryptocurrency. those further details and information of bitcoin and other cryptocurrencies are just a bonus.
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Greed is a nature of human. We don't feel contentment and want for more. Every one of us wants a higher profit right? That's why we want btc's price soar high, as simple as that. I'm not a hypocrite to deny that because that's the reality.
For me, I don't care anymore if the fees are high as long as the price are high also. I think it's just a matyer of proportion, if the price are high then the fees are high too, and if the price are low then the fees are low too. I don't see any problem with that.
i guess its human nature to have greed within each one of us, but it only depends on how we handle and manage ourselves properly, and its true that when it comes to me most specially in bitcoin it is present. it is also true that when the price of bitcoin rises we are all happy to see and hear, even though the fees are skyrocketing too. |
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Think of all things that you can buy with $10,000 (car, 1 or 2 acres land and more..). Gold at $1350/ounce is a luxury item, so what is $10,000 when you can lose all your money ?
$600 will be the right price to look at Bitcoin.
in some point your right mate,gold is more better asset than bitcoin but its too low when you say lets expect $600 for bitcoin price when it reaches almost $20,000 last december,maybe its better to expect $2000-4000 so those who invested in higher prices can make lessen the losses,and its fair for both gold and bitcoin yes although i agree at some points but to think that which is better investment bitcoin or gold or any other real estate properties, i think when you already started to realized how much risk you need to put into investments, you should clearly know how to diversify your portfolio. for beginners lets just say still bitcoin has a lot to improve but watch out for it. |
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