I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.
1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.
2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.
This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
I agree there is no need to say fiat money will disappear. There are certain advantages fiat money can still offer, while clearly cryptocurrencies are the future of money Yeah you're right especially in every country having their own local currency of course to do transcation with people in different country will be quite difficult because you have different currency right, with crypto you can send money anywhere without a third party and without confusion about the difference of local currency |
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of course but not easy. you can see the market now. although there are many good news, the price still reduce. So, I think we have to wait to get more information
I think to be rich from crypto not just from trade right? there are many other work methods you can use to reap huge profits from crypto. you can become rich on condition that you work hard for it. all users can get rich and crypto already provides a lot of job. it all depends on you dude |
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At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.
Because governments still looking on how they should legalize the bitcoin. Governments upon to believe that it should be I think because the government knows that they will not be able to stop technological developments. they will not be able to stop bitcoin because bitcoin growth is very fast. the government is starting to realize that they can not eliminate bitcoin from their country. thats why they will make a rule for bitcoin that can be mutually beneficial |
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Yes, anybody can steal your bitcoin. If someone make a programme and make a loop around your programme and also can steal your bitcoin. For this problem you need a powerful system and a secure wallet.
I think the possibility will still exist for someone stealing your bitcoin. we are on a network where security can be hacked if you are not good at securing it. I always update my antivirus so. there will not virus come in my computer to steal my private key. I also use 2fa for my wallet and very grateful I have never gotten bitcoin theft |
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Hey guys, I wanna hold some alts for 2-3 years. Can you advise me some? I am thinking about Bitquance, XVG, OMG, NEO....anything else?
Why don't you try ethereum or maybe waves . I've heard a lot about ethereum that it is a good coin for long term investment and that's just one of the factor on why most of investors consider ethereum as one of the best coin in the market. For a smaller risk of course you can use altcoin that are already famous and have many users like ETH, XRP, Waves and so forth. most likely have a beautiful future. but if you want greater risk certainly with the possibility of greater profits as well. because it is possible that the new coins rise several fold. you can try buying XVG or OMG |
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A lot of people now days jumping and investing in the cryptocurrency industry.
If you are not investing in crypto, where do you else invest?
Property ? normal crowdfunding? give your input
Most of the people who are not investing on cryptocurrency are placing their money on the banks because they are not well knowledgeable about the market but i believe that if they only know about bitcoins then they will probably also invest on it. I think people who don't invest in bitcoin certainly have another option to invest but banks are not the only option to keep all your money, everyone keeps their money in bank so do bitcoin investors, but I think besides crypto investment, another profitable investment is real estate, if I don't invest in crypto of course I will pursue this investment |
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capital for bitcoin investments I think adjusts to the capital you have and uses money that is not very used means the money is completely free and at least $ 1000 is enough to invesatsi bitcoin for new players.
This capital is quite high for many of them. There are so people too who don’t have any problem with this capital but some might have. And this is often said that don’t just worry about capital. It can be any, rather focus on what are the facts and figures that you must have to follow to make this capital bigger in yielding. So we have to keep on trying to be good at even little investment is made. Yeah I think the amount of capital is too high for some users, you should know that all users have different financial conditions, there are rich users and there are users who have little capital, I think to determine the capital you have to adjust to your own finances, you should smart in dividing where the money for investment, the necessities of life, and so forth, adjust it with your finances dude |
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Of course, we believe of lucky. Sometimes we need a luck for trading
but trading is not all about of luck, Need an analisys, knowledge and lucky.
Trading does not entirely use skill and knowledge, sometimes price changes also do not match your calculations, that's why luck also needs to be in the trade, luck will make your calculations do not slip price changes will be in line with your expectations, profits are also sometimes determined by luck right ? |
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For me the thing to do is to study and research all about cryptocurrency, select and search the best cryptocoins in terms of technology, functions and purposes. Some cryptocoins especially to those coins that are not popular at the market are those cryptocoins that are newly introduced and some needs improvement inorder to compete. Brilliant team and better technology success is always be, better to look for it coz that's my strategy and it really works.
Yeah something that can reduce the risk is to do the analysis before buying because you'll know which coins are potential and profitable, when the right time to buy and sell, your skills will be very influential to do this analysis, the more clever you are in doing the analysis the less risk will you get because the possibility of profit will be higher |
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earlier this year I tried to hold some coins and tokens but saw the market and the exchange getting downhill, what is the best move to sell it or hold it?
Sale in panic - the worst that you could make after market crash. It is better not to do practically nothing. Absolutely anything. If you hold now, there is a good chance that in the long term you will see that your portfolio grows in the price. Long-term investment offers access to ampler opportunities. Sometimes we have committed to be patient and wait but sometimes if the market situation gets worse and keeps bleeding, make almost anyone will be frightened and panicked right? maybe it's the result of a new player who first does panic selling and makes the market worse, I think you should try to stay calm and be assured that the price will definitely improve dude |
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100% Ethereum changed the crypto structure and future.
Now crypto coin is a new way for funding startups and ICOs are really doing good for real projects.
Also scammers getting their portion too.
Yeah of course because crowdfunding for Ethereum succeeds in total then making a lot of other ico arriving, hoping that they can be as successful as Ethereum. Ethereum proves that they can live not from personal funds but from crowdfunding, but it also changes the world of crypto, because now more and more ico come, and yeah scammer gets their portion too |
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The best time to buy coins is when the price are going down on the market and next you can they buy some, and soon you will see, that market looks better and you earn money.
And since we can't know when the price may be going down, I think we just keep on buying it because whiles we continue to wait to buy when the price is low, We lose out on making profits. I think that's what's happening right now, bitcoin prices are down a few percent, I don't know what caused it, could it be a good time to buy? I think yes, imagine a few days ago the price could touch $10k and then weaken, and of course that price will definitely happen again, while the current price in the range of $8k, this is a good opportunity to get big profit dude! |
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What do you think about this possibility ? Would you invest in your government currency ?
I think government can't do like that. Government peolpe have lots of job to do then they will add the crypto currency in there job list ? It's hard for them to join the cypto world, they have lots of things too learn and to understand. So I think government will never be involve in crypto world. Thats right they have a lot of tasks, if the government wants to make their own cryptocurrency, they can add special staff to this, or make special ministers for online currency, but it is impossible to do, besides cryptocurrency system will not be in line with the government system that controls everything/centrlized? |
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I think that its a lack of awareness about Bitcoin and how it works. As we know that in the worst case, governments can ban crypto to fiat and vice versa transactions so even in such scenario, we will be able to send and receive crypto without breaking any law. On the top of that, international exchanges are always there if someone is willing to buy or sell crypto so this fear of government is based on the lack of realization of the potential and power of decentralized payment systems.
although the government can not totally stopping bitcoin by making a ban, but that make user afraid is not it, but the influence of government policy on bitcoin market, we know that the government has enormous power, and when they ban bitcoin the impact will be very bad on price, that's why some people are afraid |
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Yes it can be used for long term investment but the price of 2 million per bitcoin is too high, it's possible but it will take time and the chances is pretty slim, but for sure it will be very profitable if we keep bitcoin for long term, there are some positive news that makes the chances of bitcoin grow big
Take a look at the early years of Bitcoin, no one can think it has reached over $18,000. $2,000,000 is a very high level but I think nothing is impossible, for a long time to come. I am investing in Bitcoin and I encourage people to do so in the long term. Of course, Bitcoin will become a reliable and valuable store in the future. Maybe not for long. What's been mentioned is the true fact. Apart from this we need to know the growth it has acquired over time. Because, by the early days of bitcoin into usage there were few more cryptocurrency into existence. But none were successful in terms of development as well reaching the user community. Even by that time bitcoin gained the strength and the same will continue. Bitcoin community will continue to grow and it will keep bitcoin prices up and make hold and store bitcoin until the future is very worthed to do, why am I so believe this? look at the increasingly popular of bitcoin on the internet and start spreading to all corners of the world |
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I imagine how long you have to wait in line at the grocery store or supermarket to check out due to long confirmation time (unless you pay a higher fee) bitcoin is really good to pay something online but in real life or paying small amount i think bitcoin isn't suited for that. But to replace something like western union yes bitcoin can do that perfectly. On the other hand, it's really hard to find a shop that accepts bitcoin as payment method due to lack of adoption.
It is true that right now bitcoin is not very suitable to pay for your groceries in a supermarket because the confirmation time is simply too long, but this could be solved once the lightning network is completely activated once that happens we will be able to use our bitcoin anywhere we want and we will get very fast confirmations and when that happens finally will see bitcoin being adopted and being used in our everyday lives. if you want faster confirmation you can add transaction fee but I doubt people will shop with bitcoin with very expensive transaction fee, I think the other problem is the limited acceptance of bitcoin in various merchants, so we will still be difficult to spend bitcoin, for now using bitcoin for major currencies can not be relied upon |
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Well, one cannot be optimistic on whether Bitcoin will be the best coin to hold for a long period of time because anything can happen in crypto currency market for in the next two years ethereum can become some thing else as it happen to be the most wildly accepted alternative crypto currency.
I think almost all users agree that bitcoin has a beautiful future, even more beautiful than any other cryptocurrency, you do not have to worry about competition in the crypto world, all potential coins will grow and have a higher price, but bitcoin will always be the first, so long-term investment is great for bitcoin investment |
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What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
for now maybe $ 1K is enough to trade. but you better have a capital of more than $ 1K to back up if you lose. actually there is no minimum fund to start trading dude, it all depends on your economic ability, simple if you want to earn a great income and profit you can try to allocate more funds for trading, but you also have to adjust it with your economy and your needs, everything is relatively dependent on your wants and abilities |
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Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Yes it is, bank is still important because it is where we can deposit our money and we can save it. Even the bitcoin is existing now those banks is really important because it help us to save our money and bank have an interest also. Bank can work together with bitcoin. I think as long as we still use fiat as transaction and major currency then bank will always be needed, besides banks are not only a place to save money or conduct individual transactions, but also give effect to microeconomics like provide loan fund and so forth, banks will always be needed until whenever |
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I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?
No, as a newbie, you must experiences some mistake in trading. otherwise, you cannot avoid it later. to learn about trading in crypto, you must practice it. remember practice makes perfect. You will know when is the good time to buy and sell if you doing lot of trading. Yeah experience will make you even more great in trading, then try and keep learning is important to you, do not get frustrated when you lose, make it a lesson so you don't repeat the same mistakes, experience is very important in shaping your knowledge and skills in trading |
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