What if the bank you save your life's savings in go bankrupt? Will you go bankrupt with the bank? So blockchain is to solve the trust among all parties. That's why the price of bitcoins is rising, it's the cost of trust.
Blockchains may be more trustworthy but still we have to interact with banks (to receive salary, buy smth online, etc). Personally I try to avoid new banks that offer unusually big bonuses, high deposit rates, and so on. Buying something online can be done by using bitcoin. you know like people cashing out their bitcoin to local bank because they dont want to go through complicated process of searching merchant that actually accept bitcoin as a method of payment. Blockchain in the other han is trust less that there's no risk involved between parties. |
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BTC trading history is completely open, everyone can through your wallet address in block chain query your wallet cash inflows and outflows, and ultimate origin can be traced back to the BTC upward, that is, from block generated late-development sent to the address. This poses a huge threat to privacy.
not BTC trading history that's completely open because there's no such thing in the blockchain but your history of transaction. All of your transaction will be recorded in the blockchain and can be accessed by public forever, it can't removed. This is why I often call that bitcoin is really transparent just if the wallet owner can be identified. |
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Well, in the Philippines, bitcoin are now legal to use as payments and as investments. They are focusing on the legality of platforms exchange to protect the bitcoin owners and the national currency as they have noticed that millions of bitcoins are converted to our local money. I think government and the people could benefit if bitcoin will be declared legal, it can really help the people specially the jobless to earn income and boost the economy.
Good to hear that, the bitcoin hype has now turns reversed from negative to positive so many platform starts to accept bitcoin like we can buy the world cup ticket by using bitcoin and now phillipines trying to recognise bitcoin, maybe it's what affecting the price pump for bitcoin I guess. |
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It is kind of difficult to pump and dump bitcoin as you would coins with small market cap,the risk reward ratio makes it unattractive.I believe the growth we had a few days back are genuine signs of a market comeback
See the problem with market comeback is that every time you see prices picking up, some people will be selling their holdings. This is because we have a lot of people who got stuck with their investments they made when prices were at peak. Thus, there will be many ups and downs till the prices touch the $20k mark again. That's right, some peolpe just want to get their money back after investing and getting depression of because the bearish market and finally sell it when the pump just happen and seems fair enough for them. That's why when bitcoin is being pumped, there's some temporary price drop and it's normal thing. |
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Cash will not be extinct but there is a huge chance for people to use cryptocurrency even more and in the future, fiat will be only used by those people who have no knowledge about cryptocurrency. In the future when the rate of human illiteracy is near to zero or even as equal as zero, cryptocurrency will be viable to the majority of people in the future as the illiteracy rate decrease by the time being and what that does mean? a total extinction for paper money just like those stupid seashell that's being used as a trading tool. |
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Illiteracy is the cause of poverty. We know a cup of coffee (Starbucks) = 20 notebooks, or a school bag, or two pairs of slippers for poor children in Vietnam.
"Bitcoin can help poor children in underdeveloped countries" sounds as the same like "guns kill people"  People kill people, people can help poor children in underdeveloped countries. That's the whole point since the start, the thread starter talking as if bitcoin is some kind of charity organization where in reality it's just merely a currency. This kind of dicussion that sometimes grind my gears and I just facepalming right after reading the first post. |
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ETH is no longer such a strong coin as in December 2017. Now I do not see any opportunities for this token to become a competitor to bitcoin.
Well it's gaining its market dominance again while bitcoin's market dominance down from 43% to 38% so it's actually gaining its chance to overtake the crown. If you are talking about ethereum is a competitor to bitcoin or not, actually it is, the market capitalization of ETH and any ERC20 token merged could probably almost as equal as bitcoin's. |
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Vitalik has less than twenty years and he is already a billionaire guy, i think that we all should learn from them in a long term. Also, he is a mastergod, take a look at what he has created, THIS is going to change the world in a few years from now. Ethereum has very bright future! Here is why: Vitalik is simply a genious, despite his appearance he is a good leader that everyone should follow! What is more ethereum has more devs than every other project, it is just supperior compared to others.
Not really billionaire until he cashed out his entire Ethereum holding then I can say he's real billionaire there but however vitalik's innovation for sure making a huge change in the cryptocurrencies, even the existence of Ethereum helps many business finds a way to simply gathering funding for its project and the simple creation of ERC20 token. just curious what will be coming next after Ethereum. |
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don't worry . it canbe very low in a bear market . then a bull market comes , they show energy . for example NEO , the price of $50 in March . now it's close to $100
I prefer to call it hibernating than dying though. The market could just got bullish at a sudden and see right now, as you mentioned the price just increased so much that it's reaching 100% of price increase, for traders who already into this activity from long ago, such bearish market is normal, does people really expect the market to be always green though? even stock market can't do that. |
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For you to get profit much better to choose potential and known altcoins so I choose Eth, Neo & Eos since they are mostly used and has big community that supports them. Eth are commonly used altcoin in transactions while many loved NEO and some are using EOS as payment.
yes, I agree with you, Ethereum, Neo, and Eos are coins that have a high potential in the future, three coins have their respective advantages, I think if having these three coins will be very profitable in the future. Those three that you have mentioned is already growing on its potential and yet they still have the buried potensial so maybe it will grow as much as it can and reach its peak, however, there's also plenty of new altcoins that is still on its early stage of reaching its true potensial for example EDO, CRYPT, and many more. Don't stick to the old ones try to explore the newest. |
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Well try to see into list of ico project ROI and you will know how much majority of ICO investor make just by hodling sometimes there's a coin that could increase thousands percent of initial price and it's such a big profit considering that many investors are putting big money into it.
But I think that your question "serious profit" is just a lil bit irrelevant, it's not about hodling that make you earn profit but about selecting a good project.
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I have a concept that we call security goods. I am obviously trusting these commodities for these prices because they are digital currency units that have been tested for a certain volume-infused robustness in the market that will never be zeroed out, the others are just their types.
The other is not just simply copying but also carrying various advantages that believe it or not fastly advancing the technology inside blockchain thus solving many problems that sometimes we still found inside the blockchain system. You know right people are always trying to innovate and push beyond the limit of a technology and it's such a good thing. Still don't get it why people can't just get over with the advancing of the technology by the time being. |
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I don't think that stability is important because the people are enjoying the market even the market is not stable because they are making profit from that volatile market of bitcoin so i still choose volatile market compare to the volatile market. I don't say that i will not use bitcoin if it is stable because i am still into bitcoin even the market is either stable or not.
That's actually true but despite of that, there's many advantages that we likely to have when the market is trying to stabilize, bitcoin can be accepted easily as the mean of payment because its less-volatiltiy. So many platform had removed bitcoin from their payment method because of the volatility, however, the actual purpose of creating bitcoin by satoshi is to replace the current traditional paper money, so it's not specifically only for trading. |
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Even if people didn't know yet why the price drop, there would be others who would immediately panic because they don't want to sold when price is already dipping lower. If you just enter the crypto scene, it would better to observe the price and be oriented with how volatile the market is but sometimes people should experience panic selling so that they would learn. I think most if not all experience being in panic. I, myself when I am just a newbie in crypto, I am overwhelmed by its volatility that's why a price drop would make me panic sell and I panic buy as well when the price went up. I learned later on that patience is important so no need to panic.
This is the biggest dilemma of the crypto market as the ones who are newbies and those who don’t know much about the crypto market commits such kind of mistakes in the early years of their investment and that they find it very much difficult to keep their nerves under their control at such time. they go for selling of their coins even at lower rates which makes them feel regret as well as results in the dump. And massive amount of newbies that could easily get panicked over a little dumpin is what make the market really volatile, people could just dont care about the dump, continue with their life and coming back when the price is high, but they're not. They put all their times watching the candlestick and hoping that it will get pumped so hard like a magic, that's not how it works. |
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Bitcoin has no centre to attack. There is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin wallets and sending each other bitcoins. If they shut down the internet, people will send each other Bitcoin via SMS and if they shut down the electricity supply, people will use solar and battery-powered solutions.
But for current market capitalization which compared to other like gold is not really that high, by having so many capital you can easily manipulate bitcoin and I think that's the only thing that makes bitcoin still vulnerable against attack, also there's 51% attack aswell. We need to take this into account that there's still vulnerability in bitcoin that needs to be solved, just hoping that the development of bitcoin will eventually solve all these. |
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You know like when things get hyped it will eventually become so boring that people at some point will leave it to the rest and that people who still use that word are the actual fan of that strategy.
The popularity of word HODL decreasing doesn't mean bitcoin has no bright future, it's just the trend changing everyday just like other trends that keep changing too.
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I think yes, and according to my opinion that will be sure because people are taking interest with a quick speed in bitcoin and that is the reason if large percent of population of the world start using bitcoin then it will make possible that next era will be the era of bitcoin.
Only minority still uses bitcoin, whereas the majority of people will always thinking twice before using bitcoin because it hasn't regulated by the government so they wont risking their own money into something they don't know. I can feel that but technology will eventually advance, our paper money will be obsolete and then once the technology advancement dominating, want or not people will be forced to use the newest technology. |
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As a matter of fact, it is very few number of noobs in the cryptocurrency business that understand the level at which patience is required and valuable in the business. I do tell my friends around me that wish to come in to the business “it’s only patience ones that would feed from the milk of a lion” . I bought some coins few weeks ago, which I decided to hold while it was dipping but I keep holding with zero fear and absolute patience. Presently, i’m In over 47% profit in all. My advice to my colleagues is all you need is buy into coins with good potential and relax even while it’s at dip. Trust me, you won’t live to regret anything if only you would be able to hold with patience. Thanks
A lot of people prefer to choose selling coins when prices are at a low cost, people waits for prices to decrease. Being patient leads you to more blessings. So just relax and wait for the blessings to come. not really selling coins when the prices are at low cost but more of being panicked because of the price falling and then stupidly making decision to sell it at the bottom, i mean, why they didn't sell it before falling, and why are they still hodling before falling? it's kinda unlogical and doesn't make sense, just like they are waiting for the coin to go to bottom and then selling it while their actual purpose is waiting for price to moon but give up once the first obstacle comes. |
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Do you think the market will stay green or turn red?
It not an easy call
I say green
Well, base on the price movement it is not stable yet. I think this could be a false alarm but we can still think it as positive thing atleast. There's obviously two possibilities, bull trap or bull run, and none of us know what the future holds.But however seeing the speculation from many people either in youtube or online forums, most of them says that the bull run is here, but they are also worrying that it's just merely bull trap since in the past we've seen how bitcoin could go up within short term of time and then falls. |
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They will, eventually, crypto is like a new financial technology and the primitives who ignore it will get affected soon, using fiat or paper money for a transaction just doesn't make sense anymore. We need to switch into a financial technology that meet the requirement to be a currency but also with upgraded feature than those obsolete fiat.
Even if J.P morgan calls bitcoin fraud though (well maybe because they are trying to patent the crypto they invent and failed), just heard this rumour.
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