The advice in crypto investment is not to invest what you can not afford to lose. But for Bitcoin I can ignore that rule, Bitcoin investment is a sure deal for it has a lot to offer the investor that is if you can be strong enough not to panic when the value crash.
Prediction is an assumption and it does not always happen especially in the cryptocurrency market place. Most predictions are peoples thought without any technical analysis or basis.
The government will not like cryptocurrency because they can not control it like they control the fiat currency. Government creates monetary policies that suit them while the cryptocurrency is created to give power to the user. No government or individual can control the cryptocurrency
The cryptocurrency market is expected to grow by 50% this year 2019. Last year 2018 cryptocurrency market closed the year with a bearish market situation. The crypto market is anticipated to do better this year so many investors will invest
Experience is the best teacher so we all need to learn from our mistakes. Mistakes make you a stronger person and we should not be embarrassed or scared of mistakes. We should always take responsibility for our mistakes and try not to repeat it
Bitcoin is just like gold in its deflationary feature. Bitcoin's purchasing power increases over time for its inflation rate is created to mimic gold’s stable inflation rate.
How different is it from you keeping it in your own wallet? Am sure there will be charges for the service rendered. Banks do not do things for free . With your own wallet, you do not need a minimum investment and you are in control
The fiat currency has its uses and still do. Money evolution went through many stages and today we are at where the cryptocurrency is used. I see that both cryptocurrency and fiat currency existing side by side.
The world is heading to a cashless society where the need for physical cash will be eliminated. The banks are encouraging this. The use of cryptocurrency is heading to that direction and its advantages are more convenient, cheaper and faster transactions.
Bitcoin is created as a means of payment but the demand for it has made it into a store of value. Using your bitcoin to buy a car that will depreciate is satisfying the demand for it. It is just like changing the bitcoins into fiat currency to buy the car.
It is a matter of time when Amazon will start accepting the cryptocurrency as a means of payment. The cryptocurrency is gaining acceptance as the number of e-commerce stores that accepts them are increasing by the day.
I think more of the technology behind bitcoin as the factor that can less unemployment that bitcoin itself. Bitcoin is a digital currency that is created to work on the short fall of the fiat currency. The blockchain technology can be used to better all aspect of our life and can create jobs.
Government is not the most important factor that affects the price of bitcoin but its usage as in the demand and supply. Some countries have banned the use of bitcoin but the citizen still mine or use it.
I see myself as a Bitcoin maximalist. My views of Bitcoin cannot be comprised as am the only crypto enthusiast amongst my friends. They are waiting for me to make it big with crypto before they believe and am working hard towards that.
The market situation of bitcoin should be expected. Just because last year ended in the bearish market does not mean that January will be bullish. We need to be patient. The value of bitcoin will always fluctuate and the market will be good
The blockchain technology is not all about cryptocurrencies. It can be used to change all aspect of our lines positively and this is just a tip of the iceberg
The main obstacle in Bitcoin is the security in the cyber world. Hacking and scamming are penetrated in the crypto space and the security of one's funds lies in his own hands. A lot of people have lost funds and the mainstream society are indeed skeptical about cryptocurrency because of its high volatility.