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We are experiencing serious downfall in the past few months. But i think the market will still recover soon. So keep holding the good days are about to come.

I've read that Facebook is going to have its cryptocurrency https://cryptobriefing.com/ready-for-facebook-coin/
Since Facebook and Mark Zuckerberg as an entity is highly influential, do you think it would bring crypto in a positive light? I am thinking that it may raise awareness of cryptocurrency as a whole and not just bitcoin.

A new VTC application backed by BlockChain technology will soon be launched by the Uber chinese Didi Chuxing.
The company CEO confirm that BlockChain technology has a lot of advantages provided that bring real added value to users. He knows this technology very well and wants to use it to develop different economic systems and offer innovative and useful services to users in order to meet some of their needs.

Scarcity

Bitcoin could possibly be the most scarce asset on earth. There will only ever be barely 21 million bitcoin in existence. Taking into account its decentralized nature, and its immutability, and the inert nature of its protocol development its hard to see this ever changing. With over 7 billion humans on earth, there are not many to go around. fortunately each of those bitcoin can be broken into 100,000,000 units called Satoshi.

Unlike gold when the demand for bitcoin quickly rises, the miners cannot just increase the supply in response to increased demand. There is no way to just mine more bitcoin in response to demand. This dynamic along with bitcoins schedule of diminishing mining rewards will contribute to its rarity as adoption grows. This could produce a market cap many multiples of where we are today in a short period of time.

Many of the altcoins have no coin cap, or have such weak security model that the cap can be changed by decree.

These properties are conducive to the bitcoin network being a great store of value outside the traditional monetary system.

At least you came out with a profit, there are a lot of angry people that bought near the top that are heavily in the red.  It's impossible to predict where the top will be so so don't feel too hard on yourself.  It sucks to sell too late but its an equally bad feeling to sell too early and watch the prices skyrocket.

Interesting point of view.
I'm on exactly opposite end - I'm going deeper with ICO's this year.

Your points are pretty valid, but this mean you just need to be more peaky where you are investing. And I'm always and only buying during the pre-ico phase, avoiding those ICO's with massive pre-sale.

Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.

I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.

Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.

I doubt about it. People still prefer using their ATM card and cash to pay for everything. The habit can be changed but never easy. In addition, I doubt the efficiency of using Bitcoin in hospitals. Hospitals are always crowded with people and people. If they all use Bitcoin to pay for their fee, the Internet can be overloaded and burst. Also, the confirmation is quite slow. In the emergency situation where patients have to be urgently operated. I think Bitcoin need to improve more to be widely used.

I think stupidity in terms of emotions can affect market prices, they have a panic when they hear negative news, and in the end they sell low and that can make the market go down.

Hi everyone

I'm pretty new to all of this and thinking about buying some bitcoin.

I have some concerns about the world economy influence on bitcoin.

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?

do you think Bitcoin is strong enough at this point to be self-sustaining?


thanks for the help

Currently the cost of bitcoin transactions is very cheap due to the relatively small amount of transactions, moving 48,000 bits per 4 cents, very cheap compared to December 2017 at some time up to $ 50 due to too many transactions at that time. . However, when the market recovers, there will be many transactions to be made and then whether technologies such as Segwit or Lightning network will help bitcoin trading faster and transaction costs do not become expensive. or not?