Everybody is entitled with their opinion, we have different ideas, understanding and experience regarding bitcoin. Some people are open minded some are doubtful and some who don't believe it and criticized it. In the end, because still survives and people give value to this wonderful creation.
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For me, I think that if most people are into bitcoin then the company will finds its way to accept bitcoin as payment option. What we will do is to promote starting to our friends and neighbors and to other people and the rest will follow.
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The best thing to do before investing is to know what you are dealing with, know the basic and all the needed information before putting money. All investments involves some degree of risks and I also agree with the general rule, invest only what you can afford to lose. Don't just follow the trends, think wisely.
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I completely agree with you, cryptocurrency is the big thing now and investing in it is the best decision you will ever made. Don't hesitate as it is like you are preparing for a brighter future, in time when it will be all cryptocurrency will take over the financial system all over the world you have save enough for yourself.
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I don't think so, any attempts to control the bitcoin simply won't work because bitcoin is decentralized in nature. They can never ever kill it, there is no way. Bitcoin is not linked to any territory or financial institution, it is too complex for the government to destroy it.
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Bitcoin is the first and biggest innovation in the world of crypto that is why it is called the mother of cryptocurrencies. It is also the most famous and most usable as payment and has the largest holder in the world. It stood the test of time, it reaches a decade now and I am sure it will stay until the end of time.
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I completely agree with you, instead of hodling and wait for the price to rise so that you can earn a profit, let's use it for whats the main purpose it is created, an efficient and low cost payment system. Then we can realize the greater impact it will bring to our financial system and our economy.
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You just have to be very careful in setting up your wallet, keeping safe your cryptographic keys and with dealing with strangers in buying and trading bitcoins. Save your private keys in a physical device like USB that is not connected to the internet. There are scammers everywhere and they are always looking for anything to steal.
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For me also this is the right time to buy and invest because bitcoin is cheaper now. But before you join in this famous investment, know first what you need to know, do some readings and understand the the flow and the risks of bitcoin investment. Otherwise you will end up wondering and go panic selling.
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Bitcoin is a digital cash and more usable as payment for goods and services than other cryptos. Definitely, it will survive and brings a big change in our financial system.
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I am confident about this bitcoin investment so it doesn't bother me all the negative views of some people about it. I just sit back and relax and let my investment works for me.
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In my opinion, bitcoin is recognized as a digital cash where you can send it anywhere in the world. It can help especially in the third world countries where there are so many unemployed that are now earning through this bitcoin investment.
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Bitcoin is the first invention and is called the mother if cryptocurrencies. It is accepted as payment more widely than the new invented cryptos so for me, I believe that the future of bitcoin is so bright. It is always be there, there will be no crypto market without bitcoin.
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For now, My goal with bitcoin is to earn more from it, as early as now I am accumulating my bitcoin wealth to prepare for the future. When the time comes that it will replace the fiat currency now then I can use it with every transactions I will make. Like buying foods, paying basic utilities and the like. Right now, even though bitcoin is very legit to use in my country, but supermarket and small merchants doesn't accept bitcoin payments yet.
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It doesn't matter if at the moment the price is declining, more important is it continue to spread across the globe. More countries now are adopting it and legitimize it, sooner or later, more and more people will be interested in cryptos. We all know that the price of btc will eventually bounce back since it is volatile.
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For me, I know for a fact that cryptocurrency is highly volatile and its price fluctuates a lot, it may be declining now perhaps due to those who go panic selling and the banning but I still believe in its potential and its market will continue to grow. My faith also with crypto is not only with the price of it as assets but the technological advances it offers.
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Panic sellers can cause a sharp decline in price but we can't blame them if they do that, perhaps because they joined crypto investment without understanding first how it gonna works, they just jump and follow the new investment craze. The bottom line, panic selling will benefit the well-informed traders and investors, it will become a good opportunity to buy more cryptos.
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When big boys enter the picture, the rule has changed. Bitcoin then becoming a fprm of investments, and no longer the original vision of satoshi, iguess its really inevitable, specially during the 2016-2017 when it peaked at around$20,000. It become a speculative asset, and others tske that as a opportunity, trying to make quick bucks, or even putting thier whole life-savings hoping to become rich.
Then I think that is one of the benefits you get on owning a bitcoin, it is like gold now in the internet, very valuable and in demand. Even some people sell their house or car and doing everything to buy more cryptos, this is the new investment craze.
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Bitcoin has started to transform the countries that are part in Southeast Asia especially the Thailand and Philippines. I think it brings positive impact to the economy, transforming the lives of so many people who are unemployed and now are into bitcoin investment.
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I definitely agree with you, let's focus on the present and the future, it's just a waste of time regretting the past. For me, I am happy that as early as now, year 2018, that someone introduce me to bitcoin and I feel that I am lucky that I joined this early because I can see a brighter future of the world of cryptocurrency.
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