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Every technology needs to be improved over the time. That's why several payment systems have been created. Each of these payment systems has created to solve a problem. Bitcoin has solved one of the biggest problema. That is the control that governments can have over people's money. Decentralization is a great feature bitcoin has. It makes it completely different from any other payment system.
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I am a little doubtful that what I wrote is worth it or not, but this always comes to my mind and wants to ask this,
I have read several topics here that the drop in Bitcoin prices sometimes occurs because investors experience panic and sell their assets after reading the bad news circulating, and here I have thoughts what if a crypto community has the intention to raise the price of Bitcoin and other crypto by spreading the good news about bitcoin and also introducing bitcoin and its usefulness to the wider community?
Will it help to increase Bitcoin prices?
There are lot of bitcoin haters are using this forum to spread the bad and fake news too because they knows that their news will impact the prices so the people who are usig this forum need to analyse the link if there is an article posted negatively about cryptos because most of the time the people conveying wrong information from the articles just like when some country banned ICOs means they will say cryptos. To be fair, how many honest people can you find in this forum when reading through the messages that are not trying to just boost their account level or signature spam? The answer is next to nothing. It is barely even possible to find any beneficial news here any more. Thus, if no one is actually reading the forum messages and just posting in kinda robotic way just to post, I doubt that any news negative or positive written here affects the price. There's just not enough people here that care about it Yes, here is just a place to share the ideas people have about cryptocurrencies. A news posted here doesn't affect the price as long as it is not published by some popular and trustworthy websites. Even if all the people involved in cryptocurrencies read a post here, it doesn't affect the price. |
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Look at the charts and see the price changes until 2015 and assume that now we are in 2016.
What do you think about the future? Do you think the price can rise to 6000 dollar?
According to the the 90% fall which is seen in the chart, I don't think you expect the price to rise to 6000 dollar. Do you?
Now the price is 6000 dollar. Hope you have found out why some people are still waiting for a bull market.
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Some officials might have invested in bitcoin or other cryptocurrencies with their own risk. But I don't think governments or central banks have invested in bitcoin. There are many legal issues. They don’t make trouble for themselves. It's not as easy as you think.
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News can affect the prices in any market. Bigger market like stock market can be affected by news.
News affect the market even if that is not real.
Good traders and panic sellers or buyers help the price to change. Traders make money and panic sellers lose money.
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There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
It doesn't matter if governments or banks accept bitcoin or not as if you take the example of India where the national bank banned cryptocurrencies trading in general but people still do buying and selling through the means of p2p, so even if the governments and banks stop accepting bitcoin then also we can transact through p2p, and when the authorities see the need of bitcoin they will eventually make it legal and that would revolutionize our banking and other industries as they world be able to use blockchain technology through that. You are right when we are talking about the possibility of making a transaction. Since now almost no country has officially legalized bitcoin. But some people are using it (mostly for earning money). But for reaching the main goal of bitcoin needs governments acceptance. The main goal is bitcoin is used in shops and buying things. I don't think that can be easily reached without permission of governments. |
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Good day guys, we all have noticed that so many projects tend to loose high value of their token after they have listed in exchanges. One of the cause is the way bounty hunters will want to dump their tokens and move over to the other available project.
There is a remedy to this and here is my suggestion.
- I Advice projects to pay bounty hunters with Ethereum or Bitcoin and by so doing, they retain the value of their token after they must have listed in an exchange or exchanges.
if any bounty hunter is interested in the project, they can use the ETH or BTC reward they got from the project and purchase the tokens.
Guys what is your opinion on this?
Thank you
It's a good idea to pay bounty hunters with Ethereum or bitcoin. But I don't think bounty hunters are the reason of that price falls. Prices usually decrease before bounties are distributed. Also, those tokens that didn't have bounty at falling. |
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Considering how low the price is, the number of tech giants studying about the blockchain, and the unending hearing by the government agencies and lots others. I can comfortably say that we are early adopters since the vast majority of the public are still wondering if this is a bubble as been erroneously alleged by some selfish expert.
I agree that the price is low now. In spite of that, I don't think we are early adopters. If we are early adopters, then what about those who bought bitcoin at 1 dollar or mined many bitcoins easily usong a laptop? |
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I don't think 75% of bitcoiners say it is a bubble or something like that! What did mean you by bitcoiners? Because Bitcoiners never worried about Bitcoin low price, they have enough confidence that everything is ok till now! Who judge Bitcoin's price by seeing the previous year's high pump, they are not bitcoiners!
Yes, you are right. Any one who believes bitcoin is now a bubble leaves the market. Why should such a person spend the money and the time on something which is bubble? Most of the current holders are the true believers. |
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No, we are not early adopters. We can call ourselves early majority not early adopters. Early majorities are the people use a system after it became successful and early adopters made big profits.
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One of the biggest advantages of cryptocurrencies is their limited supply. But the total supply of such coins can change. So, One of the biggest problem of fiat which is money printing exist in these coins. Also, There is no guarantee that their price will remain fixed. If their price drops to zero, there is no one responsible for that. Tether proved that it is possible.
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To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
I do not agree with you, maybe KYC can prevent farmers from multiplying multiple accounts in one ico. and this happens a lot, even I see that there are many who use signatures but don't do their jobs as they should and only do social media reports. I think we need self-reflection You are likely right about cheaters. Some people might misuse bounty campaigns. Also, the team can make any rule about bounties. But everything must be clear before registration. If KYC is required, participants should be informed before they participate in the campaign. Also, it should be done before they start to spend their time. |
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Today, there are a lot of cryptocurrencies. Nothing will change if governments add some new cryptocurrencies to the market. They cannot threat bitcoin. Whether a government create a decentralized or even centralized cryptocurrency they make bitcoin more popular. Every one try to study about cryptocurrencies, first will know bitcoin.
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I don't think China want bitcoin to be destroyed. China is only trying to use the opportunity for future and play a big role in the market. Also the difficult situation in China for using bitcoin is only due to lack of regulation. China is always pioneer in every market.
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The total market capitalization is always considered when the market is analyzed. But it is not considered that, new altcoins are helping the total market capitalization to rise. So, It's a good idea to have a diagram showing the rate of change in number of cryptocurrencies and also the money ICOs are adding to the market.
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Bitcoin has been one of the greatest innovations we have ever seen. Satoshi played a great role to change the payment system. But we cannot ignore that this system must be improved. There are some problems should be solved. This is same as any other innovation had every new thing.
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Cryptocurrencies don't need governments or any other authority. Because they are working decentralized. But when we are talking about the acceptance of cryptocurrencies by people and adoption, governments does matter. When something is called illegal, people won't use that. It' s true that cryptocurrencies can be used anonymous. But people won't risk. Also, companies and shops don't want to get into trouble by using something they are not allowed to.
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Yes, I am sure. bitcoin has fallen very deep, more than 50 percent of the price of bitcoin has fallen. we can see the price of bitcoin at the end of 2017 and now, the price of bitcoin has fallen by more than 50 percent. so that the price of bitcoin can fall at any time without anyone being able to prevent it. we must remain vigilant because the crypto currency is very volatile and difficult to predict.
What don't you talk about the price rise from less than a dollar? The OP is right. The increase in bitcoin addresses, is a sign that bitcoin in is getting more popular day by day. The price will also rise again. |
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Everybody has its own opinion about regulations. Some people wants these regulations but some doesn't wants it. But according to me regulations are compulsory for all digital currencies because after these regulations government have a full control of digital currencies and it will controlling it & stops the manipulating, extortion, scam activities, money laundering and illegal transactions.
And i feel that these regulations will attract new peoples to investment in it and it will make the user feel comfortable.
Then what will be difference with fiat money? I don't say regulation is not needed. But full control by the governments will kill cryptocurrencies. |
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I don't care about the country where you create, Setup or anything. It's not about the country where I choose ICO it's about the legit of the ICO and how to help people to earn or to grow their money and not scam people. Im not looking for the country but most of them for sure looking for that.
How the country regulate ICOs is very important. If there is clear and restrict rules for the team behind ICO, investors will feel better. It can make the ICO safer. |
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