I predict that altcoins will soon rise again and will be suitable for short-term investments but promising good returns. My favorite altcoin is Euthereum and Litecoin. Bitcoin is showing signs of price increase again but with the price to buy a bitcoin now quite high (over $ 3000), the investor will have to be really clear and patient if he does not want to run the risk. |
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Honestly, many people seek cryptocurrency more because of its volatility. Whether they do it consciously or not, they wish to make large money quickly. This can happen only with a volatile market. Further, we find a lot of newbies even in this forum feeling bad that they lost money or they could not make money as value of BTC has not risen much especially with the expectations being high after the 2017 last quarter. Seeking such profits is not bad but before investing I feel there is a need to prioritize the needs that could be fulfilled with such an investment as BTC especially if you are looking to make money soon rather than keep BTC as a long term investment.
This very motivation and idea behind the investment will speak volumes on the reaction of the investors once the market is down. Strangely, many people do not sell when the market price is high and even when their purpose of investment will get fulfilled. They wait for the price to soar even higher. And if the value starts trickling down, they still hodl and wait for the price to move beyond the point where it had last peaked high. But again, when the market is in a steep downfall, instead of buying, many people will start panic selling and end up in loses. Many a time we find this even in the new threads and discussions even within our forum.
So what it is that makes you invest in crypto? Is it because it caught your fancy? Is it the volatility? Is it because there is a need to fulfil in your life? IS it because you are a day-trader? Or is it fun?
A few years ago, bitcoin at a low price and its price volatility prompted me to invest in how to make a profit from it. That was my first reason to invest in Cryptocurrency. Then I continued to use bitcoin to buy altcoin like Euthereum because now the bitcoin is becoming more unpredictable and the altcoin is the backup option. I do not want to lose my investment in this promising market. |
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So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
I suppose that banks and governments fear and forbid bitcoin because bitcoin can threaten the future of banks and reduce control from the government. Bitcoin can eliminate banks in transactions and allow users to manage their own assets without sending a bank. It also has very good information security, which makes it difficult to manage the government. |
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I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.
It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.
Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.
But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.
After all it is important we make money on a regular basis apart from the long term investment isn’t it so?
I spend 60% investing in crypto for bitcoin, the remaining 40% for potential altcoin. I did not go to Bitcoin for fear that I could make a mistake and lose it. With so many options, it gives me flexibility when deciding on the investment. The altcoin as a backup option that I can use it to assist me when bitcoin down price or I want more capital to invest in bitcoin. |
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Here's a guide on how to do cryptoinvesting. An excerpt from http://cryptodime.net/how-to-pick-the-best-cryptocurrency-to-invest-a-guidline-to-trading/If you have decided that you want to jump into this rapidly growing market, then there are some very important things that you need to understand. In this guide, you will learn how to choose the best cryptocurrency investment for you. We will also analyze a few hot currencies, to kickstart your research. Keep in mind that this guide focuses on long-term investing strategies and NOT active trading. The Best Cryptocurrency to Invest in is… Anyone who tries to tell you that the “X” cryptocurrency is the absolute best cryptocurrency to invest in, probably has a very large vested interest in it. In reality, there are will mostly likely be several big winners in cryptocurrency. It’s like the dot com boom, where companies like Microsoft, Oracle and Google ultimately became blockbuster investments. But you only made money in those investments, if you understood why they were good investments AND you had a reason to keep those investments for the long term. Otherwise there would have been a big temptation to sell them as soon as you made a little bit of profit. If you don’t understand what a cryptocurrency does or why it’s valuable, then don’t invest in it. Many of these cryptocurrencies are going to be a passing fad. There will be a select few cryptocurrencies that will be great investments. Bitcoin has already shown us the potential. But the majority of coins will fade into obscurity. Since nobody knows which ones will be huge winners and which ones will be epic fails, we believe that the best investment strategy is to have a portfolio of currencies. Putting all of your eggs into one basket is a recipe for disaster. You don’t have to understand every single technical detail of each currency. However, you should read a lot about a currency that you want to invest in and make a very informed decision. That is the only way to find the best cryptocurrency investments. Now, with short-term investments, Eutherum or Litecoin are the options they should invest. It is not as high as current Bitcoin prices and promises to increase prices in the time to come. The possibility of it being highly profitable is very clear. Bitcoins now cost more than $ 3000 to buy and should closely monitor price movements to make a decision to buy, sell or hold. Bitcoin is suitable for long-term investment, time and effort. |
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The first purchase using bitcoins was in 2009 when someone bought 2 pizzas for 10,000 bitcoins. Today, that would be worth $83,746,850. Many people have started to use Bitcoin and it is now the most popular cryptocurrency in the world. Many countries whose currencies have become hyperinflated have thought about switching their national currency to Bitcoin. For something to be classified as money, it needs to be a good unit of account, medium of exchange, and store of value. Since Bitcoin has become extremely popular, I wanted to explain to investors and Bitcoin users that Bitcoin isn't a legit currency. The main three reasons why Bitcoin isn't a legit currency is because it is a poor unit of account, medium of exchange, and store of value.
One of the big three parts of a currency is that it is a good unit of account. For something to be a unit of account, people have to be able to compare its price to the prices of alternative retail goods. Since the value of a bitcoin changes so much, it would be hard and confusing for both the consumer and the seller to recalculate the prices every day. “Because the value of a bitcoin compared to other currencies changes greatly on a day-to-day basis, retailers that accept the currency have to recalculate prices very frequently, a practice that would be costly to the merchant and confusing to the consumer.” This quote from David Yermack’s article Is Bitcoin a Real Currency? An Economic Appraisal Bitcoin shows why Bitcoin isn't a good unit of account. That is one reason why Bitcoin can't be a form of currency and why Bitcoin isn't a legit currency.
The second part of something that is classified as a currency is that it is a medium of exchange. A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods. Since bitcoin doesn't have any intrinsic value, so its worth is held up by its usefulness as a currency in the consumer economy. The Youtube video “Why Do Banks Fear Bitcoin” by VisionVictory explains that there is a set amount of Bitcoins and by the year 2140, there will be a total of 21 million bitcoins. Miners have already mined 11.9 million of them, and this means that there is only 9.1 million left. Once all of it is mined, there won’t be any more left to be mined. Dollar bills can be printed by the U.S. government if they were needed. Some more reasons why Bitcoins isn't a good medium of exchange are that Bitcoins transactions each take around 10 minutes each, which is very slow compared to using a credit or debit card, which takes a few seconds. Also, Bitcoin transactions can cost around $20, which is extremely expensive. Because of all of these reasons, Bitcoin can't be a good medium of exchange, which is very important if it were to be a legit currency.
The third and final part of a currency is that it has to be a good store of value. A store of value means that the function of an asset that can be saved, retrieved and exchanged at a later time. In the long podcast on Youtube by Paul Vigna & Michael Casey: ‘The Age of Cryptocurrency’, they explain what a decentralized currency is. Bitcoin is an atrocious store of value and one of the reasons why is because of its constant hacking attacks and other security problems. This is mostly because Bitcoin is decentralized, which means that there is no central authority that can stop any Bitcoin transaction or any hacking attempts. One of the reasons why Bitcoin is so popular is because people can stay anonymous and make transactions without people knowing who they are. The downside of using a decentralized currency is that people can do illegal things anonymously and get away with it. And also, Bitcoin’s exchange rate has no correlation at all with any other big currencies like the Dollar, Euro, and Yen. This makes Bitcoin extremely risky to use because it is tethered to any other currencies so its’ value would change constantly. This shows how terrible of a store of value Bitcoin is and why it cannot be a legit currency.
Tons of people are jumping on the “Bitcoin Bandwagon” without doing their own research on it, and they’re going to lose a lot of time and money because of this. They need to realize that Bitcoin is not a legit currency because it fails to be a unit of account, medium of exchange, and a store of value.
Bitcoin is not a legitimate currency because it has not reached steady state and is widely used in many markets. There are still price fluctuations around the bitcoin, recently it started rising again. People have not used bitcoin widely for a variety of reasons, one of which is the security to manage. |
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In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
To become a currency, Bitcoin needs an investment boost. It should be used in the Big deal to become more reputable and known, of course, is legitimate deals. As a result, bitcoin may appear in everyday purchases in a variety of forms. When it was so widely used, it became a currency. |
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Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.
In the digital age, the bitcoin of a day can be a substitute for paper money. However, it will appear frequently in large transactions from large enterprises before becoming commonplace in everyday trading. This will happen in the years to come so be patient and use your bitcoin number reasonably. |
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i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think Bitcoin is not really the future of banks as it is superior to banks and can completely remove banks from transactions and other economic activities. The bitcoin replaces paper money in transactions that will take place but not now, it will appear much in the big deals first. |
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Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
If the government prohibits bitcoin, keep the bitcoin in your wallet. Bitcoin sites will not be blocked and there are still many other solutions for you so do not rush to sell them. That ban may be temporary, because bitcoin can actually solve many problems for the government and be the forerunner of the future. |
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We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
People spend time on bitcoin because it shows that it can make a big profit for investors. They just need to put aside funds and keep track of the price fluctuations of this promising market. Bitcoin is no longer as simple as it was 1 or 2 years ago. It may be worth a dip in 1 day. However, bitcoin will continue to increase in the coming time. |
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Note: See on the right side of each post (top right corner) there is "+Merits"
I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.
Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.
Example:
Profit for gold and silver for year 2016 is 12%.
Profit for gold and silver for year 2017 is 0%
Profit for gold and silver for year 2018 is 8%
Profit for gold and silver for year 2019 is 16%
So average profit for 4 years is +9%
How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??
I think gold or silver is safer if you are a careful person and have specific plans to manage your assets. For bank deposits, you will have to trust that others will keep their money safe. However, I favor the gold, silver because it always holds the value of the property. |
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Hello guys, To me, it seems pretty strange that people actually continues buying btc now... I understood why they wanted to invest in btc before, after the Chyprus crisis, and all the articles in the media. But now? I don't get it. Bitcoin is useless, and will most likely never be used as a currency. I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, which does not even allow me to proceed to a transaction (the fees are higherthan that amount  ). When you compare it with CC or paypal, it seems that they are free to use in comparison! Not to mention the time required to actually proceed to a transaction which can be anything between 1 minute and ... 1 year (or more?). The only possible reason I see people are buying btc is that they (truly) believe that the price will increase, and want to make more profit. I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits. What makes them believe that the price will rise? Because the amount of bitcoins is limited? Because lost coins can never be recovered? I have no clue. An other problem is the "mining" part. Soon, the difficulty will increase, CPU and GPU mining will be useless. People will stop mining bitcoins and try LTC or something easy to get... The interest in btc will decrease. Other issues: - security. Not a single company was able to provide a "professional" service. Bitcoin-24 has a serious problem ( https://bitcointalk.org/index.php?topic=174600.0 ). Even mtgox was critized for the lags, problems with missing coins, money, delay, and so on ... The hacks are countless (you can see new topics about that every day ...). I can't see anything positive about btc, and still can't get why people are buying it. Can any captain obvious explains? Thanks. People still buy bitcoin because they want to make more profit from it. Bitcoin is showing up again and it makes investors feel more optimistic. They may not be as concerned about whether the bitcoin may be legalized in the future but may soon be able to make a profit through recent price growth signals. |
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as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
Governments want to kill Bitcoin because they can not control it like paper money. It protects user information too well. Its transactions can not control the way they control paper money through the banking system. They fear that illegal trading activities will have a negative impact on their country's economy. |
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I'm not one who would invest in precious metals, but I have noticed that a good amount of the older generations are pretty keen in investing in these metals. They see it as a way to bet against the market, and a security that will always be safe -- even in the times of a market downturn/country failure as a whole.
I personally wouldn't even want to buy these metals in those events, as I don't see the reason to. I'd rather invest in securities that go up when the market shits itself (Payroll lending companies and so on and so forth)
Does anyone here know the reason behind people loving precious metals?
Older people like to invest in gold and silver because they always keep their asset values safe and unobtrusive like Bitcoin or electronic money. They choose the safest way to keep their property worth certain. Older people are perfectionists and they probably do not want to travel with Crypto. |
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Bitcoin prices have risen dramatically and brought a big profit to investors. It has fallen and is currently showing signs of solid gains ahead. Bitcoins now cost more than $ 3000 and need more decisiveness in buying, selling or retaining. However, to me this is the right time to buy or enter this market. |
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
Many countries do not allow the use of crypto because their government is not ready for a new tight control of these electronic coins. Crypto is really a hedge against the banks. The banking system is still operating well under their control. Perhaps they are looking to find the most beneficial way from Crypto. |
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My answer to the principle is: NO
Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.
Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.
BUY BITCOIN TODAY AND ALWAYS.
I predict Bitcoin will not be changed by another electronic currency. Bitcoin is a pioneer in the use of electronic money in trading activities. It is almost representative face and popularity to people interested in this field is superior to other currencies. No electronic money will pass Bitcoin. |
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Hello guys, what do you think, is it possible to compare altcoin and bitcoin? In my opinion it is kind of stupid to compare this crypto currencies, because altcoins and bitcoins are different. Bitcoin has its own benefits, altcoins have got their own benefits, they have got different blockchains, they have different way of use and so on. I just can’t understand people who make topics like: “Altcoins or Bitcoin?”. So what’s your opinion?
I think they just want to consult people about investing in better altcoins or better bitcoins. They are new traders and they need our guidance. In addition, they are confused about the benefits of investing in altcoin and bitcoin. we should explain to them.  |
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I do not think they will ban advertising ICO projects. That is a wrong move for Google. Because Cryptocurrency does not affect their companies, they even bring profits to them. Now that the Crypto market is a very hot market, Google should take advantage of this to advertise them and make a lot of profits. I think this news will not happen. |
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