Hi ! First message here. If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ? I'm not talking about solar flares or EMP. But more like big wars or great natural disaster. What are your opinions on the subject ?  It will depend entirely on the scope of the disaster, you are talking about wars, if the war you are talking is a local one whether it's a civil war or a war between two small countries then the value of bitcoin should not be affected, but if it was a very big war like a world war then the price of bitcoin will be affected and will probably go down and the reason for it is that in those kind of circumstances people change their priorities and speculating with bitcoin will not be at the top of the list, keeping yourself warm and well fed will be a lot more important for everyone. |
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Panic sales refers to selling at cheap prices, which contributes greatly to price decline. Panic can not be persuaded in order not to sell, everyone makes their own decisions, there is no way to prevent them, the investor himself has to read and research to become conscious. Training is a must.
Panic selling can create a chain reaction, but it does not tell the whole story speculators are guilty of making the price of bitcoin to go down, they do not really care about the technology behind bitcoin they only care about making profits, and that is why they are always watching and looking at their charts, and when they begin to see that the price is going down they sell their coins, and by selling their coins they make the decrease in the price of bitcoin even greater making other traders to sell their coins as well until panic begins to appear in the market and when that happens the price crashes. |
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Most of the world has yet to see any real value attributed to ETH. When cryptocurrency has scaled and it's starting to be used globally by big companies, the real rush will come. What we seen was a global recognition of crypto and then a quick slump when people realised that it actually has no real worth yet.
The only thing that bitcoin will do that needs to is to scale in order to perform its main function that is to be a currency, ethereum needs something more, ethereum needs some killer app, some application that is only possible in the ethereum network and that is really necessary for the world when that happens you will see ethereum being adopted everywhere, but after so much time we're still not sure what kind of application it is going to be, I do like ethereum but something needs to come up in the next years, because if it doesn't people will lose confidence in it. |
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I am thinking this from long time.what is the problem with this.it has lot of benefit like instant transfer any where in the world,less transaction fee,no need to exchange,ONE CURRENCY ONE WOLD.
Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.
this is my opinion ,Am I right or there is any other reason??
That is probably the main reason, I'm pretty sure that at first governments were against the Internet but they found very soon that people will reveal to them a lot more information than if they tried to force that information out of people, with services like Facebook Google or Apple they are obtaining a huge amount of information, but with cryptocurrencies is going to be the opposite, cryptocurrencies are in fact an effort by some part of the population to use other channels other than the official ones to make transactions and for them this is dangerous. |
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I have no doubt that during the Dutch tulip mania, people were calling tulips a "store of value".
That probably happened, but we also need to recognize the difference between some tulips and bitcoin, tulips besides being beautiful never had any kind of use, second they could never be a store of value because tulips are a plant and we know that plants eventually die, that is why a store of value needs to be something like gold which is very resistant in fact that is one of the characteristics of money, bitcoin in the other hand has some utility as a currency, it is not the best currency around the world because the fees are high and the confirmations are slow but the fact that you can send money all over the world and store it in a wallet that only belongs to you and no one else is a valuable service. |
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I actually also believe that it is not about how much you invested but rather, it is about when you should invest. No matter how much you invested, you can always make it groe in bitcoin as long as you have determination and very much willing to be patient in waiting and observing the price of cryptocurrency you have invested to. It is always about the timing.
But the amount that you invest is very important as well, think about it if you invested a dollar when bitcoin was valued at 200 dollars and then you sold when it was valued at 20,000 then you made 100 times your investment but since you only invested one dollar you only have 100 dollars, when you see the profits in terms of percentage it seems huge, but when you see your profits in terms of absolute terms then your profits are very low 100 dollars is not really much and there is not a lot of things that you can buy with just 100 dollars. |
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If people have to force themselves to somehow make sure they can't access their coins due to a lack of trust or confidence, then they shouldn't invest at all. If you actually believe in Bitcoin's fundamentals, and what change it can force through in the forthcoming years, you won't even consider selling any of your coins; people shouldn't want themselves to go through this. It only causes stress and unnecessary drama.
Also, the majority of the people here very likely believe that Bitcoin can become worthless overnight, which somewhat explains why there has been so much panic flowing through the market in the last months. It all comes down to ignorance; if you don't understand what you're investing in, then don't invest. You'll only become a target for fud and manipulation as result of that. If you can make sure that people know what they invest in, and have them take distance from their fiat centric way of thinking, then that alone is enough to turn people into solid holders. You buy 1BTC, not $8000 worth of fiat; regardless of the price, your BTC unit value remains always the same.
I agree with this, no method is going to save you from selling your coins and get rid of them if you do not have a complete trust of bitcoin and any cryptocurrencies in which you have invested, this is why it's important to be completely sure that you are willing to invest your money in a coin because if you're not sure then the chances that you panic and sell your coins when there is a crash go up exponentially, this is one of the main reasons of why almost all the money that I have invested is in bitcoin because it is the only coin in which I have complete trust. |
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Market is stabilizing and we should begin to see new interest in bitcoin. More new people will come in now and the demand of bitcoin both from newcomers and institutional investors will shoot bitcoin price to another level.
After the huge bear market that we experienced at the beginning of the year it seems that things are finally stabilizing and is a good thing it seems that the price is not going to go any lower than what we saw already, but I'm not so sure that we are going to see many new investors coming to bitcoin, the memories of the recent crash are just to fresh and it will take some time before we see new investors, at the earliest I think we could see that at the end of the year at the latest we will need a few years for bitcoin to grow up significantly once again. |
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To be perfectly honest, there are really a lot of altcoins like Ethereum which is more adept for banks. And damn, their devs are that active unlike bitcoin which we have that scaling issue for the last couple of years. But fortunately for us, bitcoin enjoys the support of our community because its really very popular as investment platforms that why the rules have change, from micro-payment scheme as what Satoshi visions it and now its a mode of investment similar to Gold. So yes, it has been outdated, but to overcome it as the number one crypto is a different thing. So I don't know if there will be coins to take its crown or bitcoin will remain the top dawg of cryptosphere.
It is not like the developers of bitcoin do not want to move faster, but you need to understand that they cannot make mistakes, bitcoin is no longer the project of a single person with almost no money invested in, bitcoin is big enough that there are many billions dollars invested in it and there is the potential that there are going to be trillions of dollars invested in it in the near future, the developers can not implement changes without fully testing every single possibility that they can imagine, this is why updates can take very long and it's not their fault. |
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I think that Bitcoin is not dead and it will not die. It is too popular to die.Now it is continue to grow.
You are correct when you state that bitcoin is not going to die, but you are wrong on the reasons that you give, popularity is not going to protect you from dying, what it is going to protect bitcoin from dying to governments are several of its characteristics, one of those reasons is decentralization, governments cannot just seize a few servers and kill bitcoin the same way they could do it with some previous digital currencies and another big reason is that the developers are always improving the code of bitcoin and making it a better coin with each update. |
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Well its great, at least the government is kind of support blockchain and crypto, but in my opinion I think they should be more focus on the technical things, blockchain and btc still need a further development, when all infrastructure of crypto is finished, it wont be too difficult for people to used it for business, for now blockchain and crypto still can't be used for mass adoption, so technical development is more important
The government is not doing this, it is a university, besides we do not need the support of the government, we do not need them to develop anything so you seem to have the wrong idea but governments they do not develop anything, they are not creators of wealth or technology they are consumers of wealth and technology, all those gadgets that you see that the government has it's not because they have developed those things, they just use the money that they tax you in order to pay private companies to create stuff for them. |
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I ran across this video a while ago on what can happen to you if you don't pay your taxes. At some point during your Bitcoin career, the cryptocoin will be converted to fiat and that's how they will catch you. https://www.youtube.com/watch?v=hf2fNEUPjQwThis is very simple, you need to pay your taxes, no one likes to pay their due taxes and even if I believe that the tax rate is very high in my country we really do not have a chance to do anything else, I know that there are a lot of people that think that they can use bitcoin to avoid paying taxes, but that is a very bad idea if you do that and the amount of money that you earn through bitcoin is significant then you will have to live the rest of your life always looking over your shoulder worried that at some point the tax authorities are going to catch you and put you in jail. |
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Bitcoin's market price can fall so deep that noone of us really knows how deep it will fall down because bitcoin is volatile. But so far, bitcoin has only fall to 6,000$ and goes up again and again. Just remember that there is money when its market price goes down so deep.
In my opinion there is not much room for the price go lower than that, right now the price is barely above 8000 but it seems that the worst part of this bear market has already passed and if for some reason the price were to go lower than 6000 then it is unlikely that the price will go that much lower and the reason is very simple there is still a lot of people that believe in bitcoin and in what represents and as soon as bitcoin touches those prices those people will begin to buy like crazy, the only reason why I would not join them and buy if that scenario presented itself in the short term is simply because I lack the money to invest in bitcoins. |
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The government will definately try to regulate somehow bitcoin and other cryptocurrencies, becouse people of power doesnt like, when something is not under their control
It is not that they do not like something that is outside of their control, it is because they fear it, they feel threatened, when they cannot control every single thing around their world, you need to understand that people in power are very insecure people despite the appearances and what they say that is the truth, they have climb up to those positions and the thing that they fear the most is to lose those positions and something like bitcoin and cryptocurrencies have the potential to diminish the power they wield and that is something they are not going to accept without a fight. |
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If you bought in January and consider in the short term, then yes - you are a minus. If you look at the long-term, then I think that you will be in the black.
The right time for investment is the most important factor in profitable investments. And we must always take into account that the market goes in both directions.
I still do not know why people keep investing for the short term, because investing for the short term in this very difficult market is a huge mistake you're only going to lose money if you do that, it is true that those that invested for the short term in the previous year especially if they did that on July or August probably did very well the the truth is they just got lucky if you really want to maximize your profits with any cryptocurrency your best option is to hold for as long as you can, this is especially true in bitcoin a coin I don't have any doubt will become extremely successful in the future. |
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I don't have a personal problem with the KYC procedure but in the same time i ask my self what kind of measures do they acssualy take to protect the confidential info's from the hackers or any other criminal activity? I agree that we should know where the money goes but we need protection to.
You should have a personal problem with know your customer policies, one of the strongest points of cryptocurrencies is the fact that you do not need to identify yourself to have a wallet or to send money around the world, governments are trying to suppress the anonymity that you were getting out of cryptocurrencies by forcing exchanges to apply those policies, they are trying to make it seem as if they are trying to protect the public but that is not the case they only care about themselves and about the possible consequences and effects that bitcoin could have in the economy the world. |
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LONDON — Investors have lost $670 million of cryptocurrencies in hacks and scams over the last three months, according to data shared with Business Insider. Crypto Aware, which gives investment advice for crypto, compiled data on all the major hacks and scams in the space between June 2011 and March 2018. The data shows that over $1.7 billion-worth of cryptocurrency was stolen over the period, with $670 million lost in the first three months of 2018 alone. It means that 40% of all cryptocurrency theft by value has occurred in just the last three months. Notable losses since the start of the year include the $400 million hack of Japanese cryptocurrency exchange Coincheck in January and a $170 million hack of cryptocurrency exchange BitGrail in February. Anna Wu, the founder of Crypto Aware, told Business Insider: "Cryptocurrency is receiving more and more validation as a means of value transfer, with top coins reaching historically high prices toward the end of last year. This attracted a lot of new, unseasoned investors who are not well versed in terms of online security and who are identified as easy targets by scammers." The total size of the cryptocurrency market rose from around $27 billion in April 2017 to close to $270 billion as of Tuesday. The market exploded thanks to the rise of bitcoin against the dollar and the new trend of "initial coin offerings" (ICOs), where startups issue their own digital coins to fund their businesses. Startups raised $5.6 billion through ICOs in 2017. Wu said: "Cryptocurrency frauds, scams, and hacks tend to rise every time there is considerable upward momentum in pricing for cryptocurrency market, so be extra cautious when the market is bullish." Crypto Aware's figures highlight the risks associated with the volatile and unregulated market. Many investors store their crypto centrally on exchanges and these large holdings make them an attractive target for hackers. Scammers have also fraudulently raised millions from unknowing investors, such as Chinese Ponzi scheme "Asian-European Currency" which was shut down by police in early 2017. Wu told BI that investors shouldn't invest more than they can afford to lose and should inspect URLs closely. "Phishing scams are by far the most popular type of scams and you can easily avoid them by checking the website address against the officially published URLs character by character," she said. Wu added: "If it seems too good to be true - it is. Investment scams often try to entice gullible investors with unrealistic returns. Don't be greedy." https://onecryptocoinnews.blogspot.in/2018/04/cryptocurrency-scammers-are-making.htmlOriginal source: https://read.bi/2GGx1LHIf things are this bad right now then it is very easy to imagine that things are going to get a lot worse when a lot more people begin to invest in cryptocurrencies since those people have no sense of how to store their coins, right now the people that are investing in cryptocurrencies, people like us, have some knowledge about how to avoid scammers and hackers, but the people that are going to make cryptocurrencies widely adopted around the world can barely install an app and login into their Facebook accounts, so things could get very ugly very soon. |
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I think the answer is pretty much obvious. Of course you have to have a large capital in order to make your big idea feasible. Big ideas do not succeed with little efforts, especially money as capital. Yes we can make big ideas first, but it should be accompanied by small plans and plan B's. By achieveing those small plans you shall achieve your big idea. Capital is needed to execute the idea but let's point that anyone can start from a "small capital" to execute the "big idea".
The answer is not as obvious as you think, if your idea is something conventional like creating a restaurant and not creating anything original then you will need a lot of capital in order to make your business a success, however if what you have is a complete new and unconventional idea then you can make it a success even if you do not have any money at all, we are in a bitcoin forum, look at bitcoin, satoshi had a great idea of creating a new currency, something completely new and revolutionary and now bitcoin has a market cap of 138 billion dollars. |
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I think those celebrities are already invested in bitcoin, and they endorse bitcoin so that they want people also to attract or invest in bitcoin. Because i believe people most believe in celebrities so on the next days there are many people are investing also. I think this is the way that bitcoin will become popular in all countries because they are the good influence.
It will be nice if that is what was happening, but what it's really happening is that celebrities are not endorsing a good cryptocurrency like bitcoin they are endorsing projects with very doubtful reputation and they are making it seem as if they are behind it, but it is very obvious to me and to anyone that they are just being paid to promote the project and nothing more and if the project turns out to be a scam as is the most likely outcome they are going to try to avoid responsibility even if they were the ones to recommend to people to invest in the project. |
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Yes. I feel the next bull run. The market is starting to recover from the huge losses these past few months. My coins now are looking good though it is not good to sell yet, they are now starting to pump because Bitcoin is also pumping.
No bull run is going to happen, bull runs do not happen just because there needs to be a reason and right now I do not see a single reason for that to happen, however it could be possible to see a recovery and it is possible that is what we are seeing right now, maybe we will be able to see bitcoin at five figures once again that will be great, but I do not know if the bears are going to allow that they have a very strong grip in the market right now and I am sure they are not going to want to let go of that control so soon, so it's possible that we are going to see another round of FUD. |
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