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Another topic about conspiracy theories on governments and Bitcoin. This is getting so boring and I don't know if it's sad or funny how some think that for the all issues they are having with Bitcoin governments could be blamed.
Sone people obviously don't know either how states, governments and economies or Bitcoin and cryptocurrencies are functioning.
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I don't think that can easy function in practice, at least not in all countries.
Every country has its own regulation and rules about exchanges so they can't just so easily decide to deal with cryptocurrencies too. That should be regulated first, otherwise they would do their business outside law.
So, nice idea and initiative but not likely to be well performed in real life.
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A lot has really happened and Bitcoin has grown to be more popular than it used to be in the past.
A lot of people knows about Bitcoin now and there are lots of online merchants that are accepting Bitcoin as their payment method.
Lots of online shopping platforms like overstock, Bitplaza, Newegg, AWBstore and you can also buy games from Microsoft with Bitcoin. So, it’s really growing and as time continues it will go even far. Locally, I have also seen stores that are exchanging cryptocurrency for cash. And apart from increasing adoption bitcoin has also been the best performing asset in 2019.
Yes, but what that has to do with blockchain? Blockchain is technology that can be used independent from Bitcoin and implementation of blockchain can be totaly divided from use of Bitcoin. Like an example, you can implement blockchain into agriculture to follow the production chain and origin of the fruits or vegeatables without any interfearance of Bitcoin. Blockchain and Bitcoin are not the same thing, it's obviously that many mix that. |
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I agree that Bitcoin and cryptocurrencies need promotion and awareness campaign, people are still not very familiar with that subject and relatively small number of overall people in the world is using Bitcoin.
Individual promotion is ok and I beleive that every Bitcoin user does some kind of promotion on its own way but for quality, continuous promotion we would need a system and strategy. Although in practice I don't know how that could be done in efficient way because there is no formal body or institution in charge for Bitcoin that would take care on promotion.
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I think it's not realistic. Cryptocurrencies can't replace fiat money and support economies and financial system. Also, full adoption is not likely very soon because of lack of regulation and legal framework.
Also, don't forget that not all people in the world have access to internet, some don't even have electricity and very few of them is actually familiar with cryptocurrencies.
In the future cryptocurrencies will further develope and grow, that is for sure, but I don't think they will take place of fiat currencies.
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All these theories about threat of cryptocurrencies to governments are exaggerated. Yes, the issue is lack of central surveilance body and lack of regulation but governments are also aware that cryptocurrencies are future and that crypto can benefit for them too.
So I don't agree that governments are in some kind of war against cryptocurrencies but they are trying to find some acceptable options how to embrace and adopt them.
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Spikes are usually determined by lack of liquidity and like any other price movement due to an imbalancd between buyers and sellers. Not enough sellers and a multitude of buyers trying to get a position results in big, voluminous candlesticks.
It is the new year pump we have all been waiting for and it just happens to be two weeks late.  I think it happens every year when it falls on the chinese new year when mass amounts of bitcoin are being bought as a good luck omen for wealth and prosperity during the year.  . That might be the cause , lack of liquidity, yes. But to my opinion it's not connected with Chinese new year like some think. However I don't see reasons for euphoria that some users are already showing and that doesn't mean that we will have continuous growth in next period and see huge price rise at the end . Let's wait a while before making any concrete conclusions. |
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The clear line can't be set. To my opinion price will continue to fluctuate in the range between aprox. 7000$ and 8000$ so we'll be having both, ups and downs and price will not follow only one direction. That situation probably will not change in the upcoming period and before halving we might have sudden pump or dump but that will not last for long and effect will be only temporary.
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To my opinion people are expecting too much of halving, some huge price rise, and yes, we are paying too much attention to it.
It's not very likely that halving will bring us big and continuous price rise so many might end up disappointed. Halvimg will not have so big impact.
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Of course, the price of bitcoin dropped because China holds the most Bitcoin mining plants. usually the amount of bitcoins will be mined more every day but now it is banned and it will certainly affect a lot of supply, you should know that China is contributing 65% of the total hashrate and it is a very large number. But this is only a temporary response because it's just a suggestion. Hopefully the Chinese government knows just how big the income from bitcoin mining is to think about the extent to which law is enforced.
That is not true. Bitcoin price didn't fdrop because of China, that is just pure speculation without any proof. Besides I wouldn't say that price has droped actually, it's more a minor correction. China and Chinese government are given too much influence regarding Bitcoin than in reality actually has. |
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Just another conspiracy theory, nothing more. I don't think this has anything to do with reality. And which government in.which country exactly has created Bitcoin if that was true? Also, if that was true Bitcoin wouldn't be decentralized and independent so Bitcoin would have totaly different status.
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Honestly I don't see direct connection between increased number of Bitcoin transactions and price increase. Reasons for that could vary and it's not the same if these are selling or buying transactions.
It seems that everyone is so eager to see price growing that they are trying to find all possible reasons for that.
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Well, I'm not surprised. People in general, not just micro businesses are not well informed about cryptocurrencies. Many don't think they can implement it in their business, many still don't trust it and many don't feel safe and confident about cryptocurrencies because of lack of regulation and legal protection.
These are all very important factors that influence on crypto adoption by businesses. Business owners need more education and information about cryptocurrencies and their possibilities in business world.
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A decade of existence is enough of a proof to make people realize that BTC is here to stay and that adoption will take place eventually. I've been listening to few discussions on youtube and they do have the analogy like the internet during the 90s where only few people has the access. Few more years I remember I was already suing hotmail 1996 and 2002 social media already exist and like BTC it grow larger.
Yes, adoption takes time and like to all new technologies people need to get used to it and accept the changes that use of Bitcoin brings. However, the first condition for true Bitcoin adoption is regulation. Without that Bitcoin can't be introduced into financial and economy system and be accepted by businesses. So besides time we also need legal framework. |
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My opinion is that Bitcoin mining should be our priority. Will you find some money and invest in it. Most of the time, I'm focusing on trading to make some profit. To do this, I need to focus on research, invest in strategies and spend a lot of time. Without sweat and determination, nothing can be easily achieved in this environment. I also had a lot of trouble making profit at first, but now I got better and better
There us no profit without full time dedication, a lot of work and efforts. Every true trader knows that. And you need to learn and gain new experience all the time to be successful. Although,.I.don't agree that focus should be on mining. Umless you have some big mining farm, mining isn't that profitable for individuals anymore. |
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For me one of the biggest mistakes people make when they're on the cryptocurrencies market is trading without a strategy, many people are trying to become traders without any experience. The success rate, as you may expect, is very small, not only because they have almost no knowledge of how to trade, but because they have no strategy. they let their emotions take control of them and that is the fastest way to become poor in cryptocurrencies
Exactly, trading without strategy and clear goal often leads to losses. Unfortunately, many people still see trading as a gambling so they count on pure luck instead of knowledge, experience.and strategy. Or they often listen to predictions of so called Bitcoin experts, especialy on social media thinking they can make fortune over night and at the end they lose instead of making profit. |
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Bitcoin has many enthusiasts who helped it to become what it is today. They were very devoted to their goal and without that strong community Bitcoin wouldn't achieve success. They are all over the world and are contributing in many different ways so it's very hard to name just a few or to make some list. Also, many of them would stay anonimous.
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Well, I can't agree with that. If you are fully dedicated to trading, you are watching market closely all.the time and doing analysis that isn't boring. However, with time it can get a bit too much and you need a brake. Also, it's important to combine different types of trading and trading platforms. That is how you diversify the risk but also put some dynamic into it.
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I'm holding some smaller amount of Bitcoin all the time. Some amount I'm also spending so.I'm trying to find the balance. I'm involved with Bitcoin for a long time and I'm very well aware about volatility and that Bitcoin is having both, good times and bad times, ups and downs so I don't worry too much about the future because at the end Bitcoin always pays out. Currently I don't expect some bigger price rise but that doesn't worry me.
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I don't think that today's quantum computers are capable of doing much harm as they are very limited in the tasks that they are able to perform. As of now quantum computers can only serve as and solve a limited or specific amount of functions.The tech is at ts infancy and will take time to progress some. I think that people have a preconceived notion pertaining quantum computers that derives from science fiction fandom, whose media isn't too far from the truth.
I agree that quantum computers can't do any harn to cryptocurrencies, there is no reason to fear. Maybe in the future if they significantly improve their capabilities although they will develope further, that is for sure. Also, they are not in mass use and individuals are not buying them yet and will not for a longer time. |
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