Latest posts of: Shrinath

In my opinion, there isn't a best time to sell bitcoins or any other alt-coins.
See, as long as you have a basic knowledge of “Buy the dips, then sell high”. This means, as long as you are buying or generating bitcoins you need to constantly study the Crypto currency Market Capitalization charts. Once you see the graph shows a high, price reaching maximum and stays stable for a few days, you have the liberty to sell it. It also depends on your current necessity and need. If its extremely urgent for you, then anytime is the best time. However, if you are following the general moto of making profit out of it, sell only when the prices are above your capital or amount you have invested in BTC. There will surely be profit in return.

In my opinion, there is no best time to sell bitcoins or any other alt-coins.
You need to have a basic knowledge of “Buy the dips, then sell high”. This generally means, as long as you are buying / generating BTC you need to constantly study the Crypto currency Market Capitalization charts. Once the graph shows a high, price reaching maximum and stays stable for a few days, you have the option of selling it. It also depends on your current necessity and need. If its extremely urgent for you, then anytime is the best time. However, if you are following the general moto of making profit out of it, sell only when the prices are above your capital or amount you have invested in BTC. There will surely be profit in return.

In my opinion, there is no BEST time to sell BTC or any other alt-coins. I hope you have a basic knowledge of “Buy the dips, then sell high”. This generally means, as long as you are buying / generating BTC you need to constantly study the Crypto currency Market Capitalization charts. Once the graph shows a high, price reaching maximum and stays stable for a few days, you have the option of selling it. It also depends partially on your current necessity and need. If its extremely urgent for you, then anytime is the best time. However, if you are following the general moto of making profit out of it, sell only when the prices are above your capital or amount you have invested in BTC. There will surely be profit in return.

Your opinion “Curiosity, pushing boundaries, exploring and innovation defines our species” is so true and genuine that I feel like saying “Inquisitiveness to know the unknown and venturing beyond the boundaries has always defined us”. This has yet again been proven by Elon Musk. Whether or not we will be able to colonize and terraform Mars still a question for the future to answer. However, it is still fascinating to think that our fictions are about to be facts in the very near future. This man has encountered too many failures, yet had the indomitable courage to fight against it and win the war. He will always stand as an example and an inspiration to all of us.

The positive or negative effects of a newly introduced virtual currency needs time and data to provide concluding comments. The concept of BTC and its mode of operations are still very new. Warren Buffet may have thought from the angle of investment of established currencies and hence, he is saying according to his expertise in that field. There is a huge difference in the concepts introduced by Satoshi Nakamoto. This will allow any investor to trade without the involvement of any middlemen. Warren Buffet is a respected man and with due respect to his opinion lets get motivated by the comments John McAfee “BTC has accelerated much faster than any model assumptions”.

The possibility of Bitcoin to be the only one world global currency is extreme and far-fetched. Every country in the world has its own economic setup dictating its own currency. The very nature of Bitcoints to be a decentralized crypto-currency goes against the acceptance as one global currency by the individual governments. To govern a country, they will not naturally accept the decentralized economic freedom offered by BTC and rule out the technology and the capacity for innovations. Even though it has been accepted by a few first world countries in their payment system, there are far more third world countries who need to constantly fight for existence. Hence, BTC is still not accepted there.

Even, in the level of micro transactions it is even more difficult as we can't wait for hours to get confirmation when paying in coffee shop with bitcoin. This concept didn’t really exist before. Presently, it acts more like store of wealth like gold right now. At this level what is required is faster confirmation and less fee might be used as suitable payment method for micro transactions. The pricing in Bitcoin is still too unstable, like any other crypto currency. Hence, to replace dollar we will need a currency that will have a much more stable exchange rate.

The way we cannot believe all humans of the world regardless of religion, race, creed or color to be able to live in perfect harmony with one government that represents the interests of all people equally. Similarly, it is still impossible to believe in the one world global economy (BTC) to replace every individual economic setup.

The underlying concept of how effective and profitable BTC is or would be, comes to you ONLY when you take the efforts to venture, study, gain knowledge and be properly educated on the subject. The media or anti-crypto-currency commentators that labels BTC as “scam”, “fraudulent”, “fake”, “it doesn't exist” have either miserable failed for their own fault, or enjoy by warning clueless people about it being a potential "scam" or "bubble".

That traditional concepts that the old crowd have filled their brains with are not enough to understand the concepts of Сrypto-currency. To them everything has to fall into a well established category. There can't be a new thing. They fail to accept a concept that creates a category of its own. This is the fallacy of old men. If you have been doing the same thing for 30 or 40 years and someone shows you that it can be done differently you take a defensive stance. When something is foreign or unfamiliar to them, they'd rather hate on it than choose to understand it. They are quick to judge without even trying to fully understand all about bitcoin. See, when you hold an asset, you either tend to be quiet about the associated FUD. When you hold nothing, you feel comfortable shouting FUD from the rooftops.

Let us take the initiative to continually be informed, be educated, and start to believe in its real concepts. Let us also inform and educate the new and needy and help them by being a part of the crypto-currency world. We need to let the internet-connected social media sites and the online news sites stay comfortably in their ignorance.

In the world economy both fiat money and crypto currency need to exist side by side.

In the first world countries where there is ever increasing GDP levels, bitcoin has already been introduced in their payment system. This has led to big multinational companies, like Amazon, started using bitcoin. They can think of moving towards a cashless society.

However, in the third world countries the level of poverty is so high that we see an ever decreasing GDP levels. The major crowd cannot even afford their basic necessities of life (food, clothes and shelter). Here it is almost impossible to introduce the concept of crypto-currency, including the far reaching effects of internet. To make both the ends meet here fiat money need to exist.

At any point in time since there is always a difference in the economy of all the countries, fiat money will always need the presence of crypto currency to survive.