So how can we call it one of the most powerful payment currencies if you cannot actually purchase any everyday commodities using that?
Bitcoin is still not ready for it and we all know it, even if things have gotten a little bit better thanks to segwit, the speed of transactions is still slow in the fees are still very high if you want to buy small things, so the only thing that we can do is to wait until developers fix this, and when they do that then the chances of bitcoin of being used in that way will go up, they low fees were the reason why at the beginning business owners began to adopt bitcoin and then they began to drop their support when the fees became too high when that issue is finally resolved business owners will begin to adopt bitcoin once again. |
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I have seen so many threads in the services section asking for the help regarding their lost passwords or keystone files. That's really insane thing, as how they could not write down the keys or save them as copy in multiple places. These all are electronic stuff and they could get damaged with anything in daily life.
That happens because people are not used to do that in their everyday lives, I back up my files after some months that way if my hard drive were to crash and I was unable to recover the information I will not lose all my files, but how many people take those precautions? And I think the answer is very few, this is why you see that many threads of people that have lost their passwords or their seed words, this is why cryptocurrencies will require a change in the way people think about their computer files, for most people their files are not worth anything but in our case our files could be worth a fortune. |
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So much and turn around the "bad" news that hit bitcoin some last time. Will bitcoin survive such a situation?
Or bitcoin just being a 'mtgox' debris a second time?
I am personally still very confident if bitcoin can reach a reasonable price by the end of this year. Even more fantastic in the next year.
You have another opinion, please share your opinion about bitcoin for the end of this year. Will it survive?
Bitcoin is not truly at risk, it is true that lately there have been many negative news surrounding bitcoin but I think that is just natural, governments got very worried when they saw that bitcoin got so big all of a sudden, they thought that they had bitcoin beat and now they are realizing that bitcoin is way bigger than anything that they imagined but even with all of those regulations and with the media trying as hard as possible to scare people away from bitcoin they will be unsuccessful because there is no way to stop a currency like bitcoin because it's fundamentals are incredibly strong. |
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I just wondering why some people don't use paper wallet to secure their bitcoin, Some of them are just putting to the exchanger and trust their funds that no assurance of safety.I don't understand why they did not use the most secure way to keep their bitcoins.
Any Thoughts?
It is not really complicated to understand why people do not use paper wallets to secure their bitcoins, paper wallets are very secure but if you want to use your bitcoin then it becomes very rapidly a hassle to use them, those that keep their money in an exchange are doing it out of convenience, that way they have access to their bitcoin no matter where they are in the world, so as you can see it is a matter of priorities, if your priority is to keep your bitcoins safe and secure then a paper wallet is one of the best choices, but there are people that have different priorities and they prefer convenience over security. |
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In my opinion risk management in crypto markets can be done only by take profit/ stop lose levels for fiat/ stable coins or btc (or btc then fiat/ stable coins) because all assets are highly correlated and diversification can't deliver needed effect
I agree with this, in cryptocurrencies diversification is almost irrelevant, it is true that a coin is not going to move exactly like every other coin but they moved very similarly, especially altcoins have a very strong tendency to follow the price of bitcoin, when bitcoin begins to go up then all the market goes up, but when bitcoin begins to go down that is when altcoins begin to go down as well, so it is better to invest most or all your money in bitcoin or as you suggest to sell your coins when you think the time is right. |
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Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?
Will this remove their control or would it be just another payment option, like PayPal?
Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?
Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?
Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >
Let's discuss this please.
I feel that they really think that bitcoin is a big threat to them and to be honest I cannot blame them, right now they have all the power of printing their own currencies, they can control the economy as they see fit, if they wanted they could crash the economy of their countries or in the case of the United States they could crash the entire economy of the world, bitcoin takes away that power in a way that not even gold could, and the reason is that at least with gold you can confiscate it if you find it, but with bitcoin you can see it that it's right there because you can see every transaction on the blockchain but you cannot take it. |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
The possibility is there but I will not rely on it, bitcoin is one of the best currencies all over the world, what it's lacking is adoption, but the people that could make use of bitcoin the most are some of the ones that are the most opposed to it, people of the middle class could benefit enormously from bitcoin but they do not use it because they are too comfortable, they like the way things are, despite the fact that they are enslaved by huge amounts of debt that are probably going to be unable to pay in their entire lives. |
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Hi all Bitcoin is moving around 9K $ from so many days. What do you think it will cross 12k $ in mid may or it will be going down ?? Market are reflecting that there should be an increase in the price. What your prediction ?
Right now, it is not the time to think about the price going up, right now you need to take advantage of this low price and buy bitcoin, then it doesn't matter when the price increase happens because you will have an even bigger amount of bitcoin in your stash and you will benefit from it, reaching the price of $12,000 could happen tomorrow or it could happen in a year, if you are a long term holder, and if you are not then you should seriously think about to become one, then short term fluctuations will not affect you anymore. |
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The Governments have started to explore the bitcoin and block chain technology which means that there are possibilities for the Government to set up their own crypto currency with the help of programmers can create a centralized crypto currency due to high demand for crypto currency and crypto graphy network. Ecuadorian Government have their own crypto currency the Government then stops the use of main crypto currency inorder for the price of the Governments crypto currency to have more demand in the country.
What governments do not understand is that we do not use cryptocurrencies just so a government can create their own one and then try to force us to use it, one of the most important points of cryptocurrencies is to be a decentralized currency, a currency that is not controlled by anyone directly, so even if the government in my country created some cryptocurrency I will never use it, there is no point, they will just keep printing as much cryptocurrency as they want without a limit and even if they established a limit there is no guarantee that they're not going to change it in the future. |
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We all know that bitcoin is not yet entertained by most of the country in each of their economy. So the stability of bitcoin is still not firm. But in the other portion of the story, we also know that the bitcoin world is still growing and getting popular due to many people are acknowledging it. So for the bitcoin to survive we all hope that each countries' government will not ban bitcoin so that the cryptocurrency industry will survive forever.
That is the beautiful thing about bitcoin, even if the governments around the world banned bitcoin that is not going to kill it that is just going to make adoption a lot slower because people will not want to do something illegal, but at the end if the governments of the world keep managing their economies as they have been doing it in the recent past then bitcoin is going to be eventually adopted by a significant amount of the population of the world, because an economy based on debt cannot last forever and eventually it is going to collapse. |
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If you sell in panic now, you probably should not invest again. Bitcoin is a coin with a high volatility, this means it moves up and down quickly. Personally I use these times to accumulate (buy more coins). You should always have a strategy before you invest in anything.
What you are suggesting is not bad, in fact I think it is a relatively good advice but the problem is, that those that already know that information do not really need that advice since they are already practicing those strategies, and the ones that could make use of those strategies and that advice will probably not hear it, because they have no strategy other than buy bitcoin and hope for the best and while bitcoin can give great profits even to amateur traders the truth is it can give huge losses as well especially if you buy at the wrong time like many people did in the previous year. |
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Bitcoin is time to touch the moon since for the past months it was a down price. And I think and positively in the next months btc will ready to hit $11k or more than. There are many things happen for the previous months so I am certain it will touch the moon.
The fact that the price of bitcoin has been down for a few months does not mean that bitcoin is ready to reach the moon once again, we just need to do see what did happened in the most recent crash of bitcoin, it took years to recover it was not something that happened in a few weeks or months, so while I will without a doubt like to see a recovery in the next months I did not deceive myself thinking that is going to happen that soon, while some people may say that I am a negative person I try to be realistic about my expectations that way I will not be disappointed when bitcoin does not move the way I would like it to move. |
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As of today,bitcoin is higher than last few months and the market are so far so good now.I think this is the start of pumping again of all coins in the market its because bitcoin price is increase now.patient is always key for the good profits.
Right now almost all the markets are red again this is not good if you're expecting a huge recovery in a short amount of time, even if I will like something like that we need to be very realistic about what it may happen, I think that the most likely scenario is that the price of bitcoin is not going to move that much in this year, and yes there are going to be some ups and downs but the price is going to remain close to what we are seeing right now, in my opinion we are not going to see a full recovery until the next year. |
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When internet came in existence any one thought that it will be necessary?our ancestors thought that a device (cell phone)will be best medium for communication over all the globe.So crypto currency is also latest technology and majority of people unaware about it and the day is not far crypto will be commonly used.
It always take time for a new technology to be adopted all over the world, it doesn't matter how good it is even some of the best technologies took a lot of time to be adopted, just look at the Internet it has been around since the 70s but it wasn't until the 90s where we began to see people using the Internet in a widespread manner, now 2 decades later the Internet is an integral part of our lives, bitcoin has only existed for one decade and its adoption is going to skyrocket in the next decade or two and then people will not understand why it took so long to be adopted but that is just the way things work. |
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I doubt that there is any other cryptocurrency or altcoin that can supersede the bitcoin. At least not for the next 5-10 years. Of course there are many rising competitors.Only the highly innovative currencies with unique features will be able to take on Bitcoin in the future. Ripple, NXT and CryptoNote are the three technologies that took different path and are thought of as true alternatives to Bitcoin.
This clearly means that no altcoin you can create today is ever going to overtake bitcoin, period. -No matter how advanced it is. It must be taken into account that despite of a major drop down back in 2013, the number of bitcoin investors is not falling down. In fact, this number is doubling every several months. This is a clear indication of Bitcoin’s strength and sovereignty. Moreover, the faith in bitcoin as a currency is slowly gaining pace.
Another problem for the competitors of bitcoin is that they are running out of time, if a developer somewhere really has the hope of creating a coin that will surpass bitcoin in acceptance it needs to do it fast because as we have seen bitcoin is growing, the amount of people using bitcoin is going up and there is not a reason to think that is going to slow down in fact it's the opposite, the bitcoin adopters are going to go up and the process will accelerate, so even if a better coin was developed it 20 years later the advantage of bitcoin will be so great that it will be impossible to replace it. |
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I think its even better that bitcoin sharply rises and falls. It caches interest easier than any other investment schemes. It creates great wealth for people buying and selling on right times so..
First of all the amount of traders that are able to buy and sell at the right time are extremely limited because bitcoin is completely unpredictable, second bitcoin right now is not really generating wealth for those that buy and sell at the right time what it does is transfer the wealth from one person to the other, this is what many people do not like to acknowledge, trading is a zero sum game that means that if you win someone else needed to lose, and if you won a lot of money then that means that a lot of people lost money, so like in everything in life there are a few winners and many losers. |
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I am %100 sure with bitcoin it will shoot stars yet again. Latest all time high wasn't even big much comparing to internet bubble. We will see even higher levels maybe even unimaginable levels with bitcoin.
Bitcoin cannot reach that size because it is still not a viable currency, you can use it like that if you like but still the confirmations are slow and the fees are a little bit high, but we know that is going to be solved eventually and when that happens people are going to realize all the great advantages that bitcoin offers to them and finally when we get the average person to decide to invest in bitcoin that is the moment in which we are going to see prices so high that many people are going to think that is impossible that something that they cannot touch with their hands to be so valuable. |
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There is nothing going to change if they have your KYC info , except that it is very valuable to them. I think most people don't even understand what can happen with your info when it is in the wrong hands. And that all to get some shitty token for free.
Many people are incapable to understand that one of the most valuable things in the world is information, that is why the governments are doing everything they can to obtain all the information they can about you and the same is true about private businesses, giving your information and your official documents to people in the other side of the world that you do not know and that could possibly be scammers is a huge mistake, they could ask for loans or they could steal your identity, and people that have gone through that say that is a nightmare to recover their identity. |
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It's quite different because in case of you downloading and especially sharing pirate content, you are actually doing something wrong. While I agree that it's impossible to punish the majority of the people sharing pirate content, it does happen occasionally. It's not for nothing that a lot people now are using either VPN's or dedicated servers to distract attention away from their own download location. It's basically a case of better safe than sorry. On top of that, if you download stuff from your home computer, your IP is publicly known, and thus you can be held responsible for your actions, while if you transact with Bitcoin, only the IP of the first node is basically your taint. In most lightweight clients you can choose the node you connect to or you can even manually connect to a node of your choice. Authorities can't do anything about it.
Do not get me wrong I'm not trying to justify piracy in any way or form, it's just an example to show how difficult it is to deal with a problem at a decentralized level, governments are very good at dealing with centralized opponents of any kind, but they are terrible at dealing with movements without a visible head and that do not depend on it to organize itself, which is why file sharing is still very popular even in this day and age where governments have such tremendous powers of spying over the population, which means that they have almost no hope of stopping bitcoin no matter what they do. |
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Luckily the mistakes you said by newbies are done early on as you are only losing a few amount of Bitcoin. If you could imagine this happening to a man with a lot of Bitcoin it could end up eating all of their Bitcoin. The good thing about this is you can learn from your mistakes and avoid it later on. Also the most hardest thing to learn is about trading because there is no 100% accurate forecast about the price prediction of Bitcoin all you can do is prepare for the trend.
The sad part about all of this is that even experimented users make mistakes with their coins all the time, this is because they do not have the discipline when it comes to how to use their computers and the Internet many people are used to click every link they see or to open every piece of email that they get in their inbox, that is not a big deal if you're only using your computer to navigate the Internet recreationally, and to play some games, but if you are using your computer as a way to store your possessions you need to be a lot more careful than that. |
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