Hi Folks,
I tried to convince my friend to use there crypto coins and tokens.
In order to let all coins and tokens succeed we must use them.
My friends and lots of people I speak with do not care about the coins or tokens only about the value and how much they will make.
Are you only investing in coins and tokens to make a lot of money or are you willing to use them if they can be used?
We can only use the coins and token if somebody accepts them. Right now except for bitcoins, there are only a few who are accepting selected altcoins such as Monero, Ethereum, Dash, Litecoin and Dogecoin but majority of the altcoins have no merchants that are accepting them. If nobody accepts a coin as payment then we cannot use it. |
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That is why I hate banking transactions there is too much to do and it is a hassle. Also even if it is the banks fault you have no choice but to comply with the procedures and undergo many processes. Thus instead of the bank I am using my bitcoin wallet as my own bank and the banks are just secondary options to me.
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That is true that facebook is launching their own cryptocurrency. After their move to ban cryptocurrency related ICO's and advertisements facebook have decided to create their own version of cryptocurrency. But this may take several years before they can really implement it and also do not look for ICO's since there will be no ICOs for this. |
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will,governments are afraid that banks will lose their customers,so people can invest in bitcoin without paying taxes the banking system is compromised.
The governments are not afraid that banks will lose their customers since the government is not supported by banks but by taxes. If bitcoin will enter in a certain country this will help a good number of population to earn online through online jobs and this will help the country to reduce unemployment rate and people below poverty threshold. But the reason why some government bans bitcoin is because they do not have control over it and they have no agency or unit to look over it and bitcoin may be use in money laundering and other illegal activities. |
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1. The 21 Million Protocol
There is an assumption circulating among miners and bitcoin users that the number of bitcoin around the world is limited to 21 million and is not expected to increase when it is reached.
Did you know that at this point approximately 13.25 million Bitcoin is already on the market. And according to expert estimates, by 2022 that number will touch the number 19 million Bitcoin.
In my imagination, the limits of the numbers and the degree of difficulty facing miners can be regarded as one of Bitcoin's fundamental ornaments.
2. Request and Offer
When it comes to stocks, the law of demand and supply becomes a technical measuring tool embodied in the form of charts. Of course it also applies when we are trading bitcoin, but let's look at it from a different side.
Ngomongin about the demand, it turns out the increasing number of years. Even when Bitcoin was born, eBay and Paypal had agreed to use Bitcoin in 2009. From my point of view, the two giants see the potential for Bitcoin to grow.
A fundamental assumption!
Another story about the offer, let's imagine as an individual who is holding bitcoin. I want to ask,
"Are you rushing to use bitcoin for financial transactions?"
"Are you reluctant to linger with bitcoin?"
In the end, people will tend to think of this bitcoin as gold. More want to be saved than transacted, but still there are transactions because some merchants only want to accept bitcoin.
Again in my view, the individual's attitude will keep the bitcoin exchange rate from collapsing in no time. Although there is a time dropped dramatically, and it is very dependent on rumors circulating in the market as when the news appeared closing Bitcoin Exchange in China a month ago.
Your post was good but there are some flaws about the number of bitcoin circulating on the market. You have mentioned that as of this time the total circulating number of coins is just 13.25 million bitcoins. This is not the correct figure since just recently a few weeks ago we have already reached 17 million bitcoin mined. So I guess you need to correct the number. |
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Bitcoin price is down and I think it is the correction of bitcoin and after some time it will go to the up again and you can earn a good profit, So don’t wait until the bitcoin price will go to the moon and you still watch so I think for long term investment you have a good option to buy bitcoin for future profits,
The price drop that we are experiencing today is no longer called a correction but rather a dump from a big whale. This big whale is suspected to be Mt Gox. The reason why they are the suspect is because somebody is following the transactions going out of their wallet and recently during the price drop a large amount of bitcoin was removed from their wallet. Thus somehow we can guess that they dump a large amount of bitcoin on the exchange. |
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6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.
1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security
I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.
Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.
Well the list you made is quite true and also you have mentioned the readers that before they invest they should do their research. What actually makes a good investor and trader is knowledge and experience. Whatever experience we have be it positive and negative we should learn from them since if we take it for granted we maybe repeating the same mistakes again and again. |
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The best strategy is still the long term hold since we are talking about bitcoin. On other altcoins there are coins on which we may use it but for others it could not be used. In the field of bitcoin people who have bought bitcoin and have applied this principle have experiences the magic and we call it from rugs to riches. This point of time it is still applicable to bitcoin and if you buy today and hold it long term you may be one of the millionaires in the future.
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If the government of Australia will have a cash ban for 10,000$ transactions to combat money laundering from illicit activities then probably bitcoin and some other ccryptocurrency will have a boost in value. But the problem is that the said increase in value is caused by the transfer of money launderers, drug lords, terrorist to cryptocurrency. This may boost the market but behind it the dark market will reign in the cryptocurrency market. |
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After reading the post I remember anime's with characters entering into the game with their avatars and the money inside the game can be used outside as well and the moment you lost all you assets in the game you will lose your assets in real life. The concept of having this kind of game and with bitcoin as the currency to be used then it is really possible to do that but as of this time it is really possible to that. But on the future generations maybe they will implement that kind of system.
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People on youtube are saying the current market is being manipulated by the deep state. They are trying to control the market, the same as they did with gold and silver. Trying to get the weak hands to sell so the rich institutions can buy it up on the cheap. They don't loads of new millionaires who don't need to work or rely on the system being created.
There doesn't seem to be an end in sight and as investing in bitcoin and crypto is really addictive, time consuming, fun, energy sapping, exciting and distracting this is the perfect time to switch off for a bit. And its been quite nice not to have everything crypto running in the background of my mind all the time.
If we leave the cryptomarket then there will be panic selling of bitcoins and the market will die. IF this happens there will be thousands of people who will suffer from bankruptcy both the elites and average individuals. The best approach is to be wise since even if those whales are going to manipulate the value as long as we do not get affected then we will not lose our coins and profit. |
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 This is for experimental purposes and do not prefer using one over the other. But it does show bitcoin to cost the most and take the longest amount of time to complete a transaction. These statistics were tallied durin the month of February this year when the blockchain was overly congested and transaction fees were at its all time high. Do not know what the numbers of the other two they compared them too are at now after lightening network has been implemented. Causing transaction costs to be 2000x less for bitcoin.  We cannot deny that bitcoin really have a high transaction fee compared to the other coin. The reason for this is that the bitcoin community have already increased too much and this caused the mempool to have a large volume of traffic in transactions. This have resulted to higher fees and a long confirmations of transaction. But this is just a sign that bitcoin today uses a code must need to upgrade due to the number of its members. And so we are waiting for the implementation of the lightning network so it can be implemented. |
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why every trading I always lose. his coin's endurance for weeks went down, when I sold it, the price went up.
The reason why you always lose is because you broke the basic principle in trading and that is to buy low and sell high. Eventually what you did was to buy high and sell low. That is the reason why you are losing in trading. So just be patient and keep in mind that bitcoins value is volatile and it goes up and down. |
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bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
There is no solution to it but to just wait. Even if Mt. Gox is dumping their bitcoin but they are not foolish to sell it all at once. They will sell it slowly by waiting for the price to increase and they will sell their btc. They will not dump all of their bitcoins at once since when that happens the price of bitcoin will hover back to 100$ and if that happens Mt. Gox will be left behind again in the bitcoin world. |
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Quantum computers were first being thought by the CIA and now Google and IBM are also racing and competing to release a quantum computer. Quantum computers are supercomputers and can solve algorithms a thousand times faster than normal computers. But let us say that if the masses are now using quantum computers will it be the end of bitcoin, the answer is not. If the technology is improving cyber security is also improving and that is why our bitcoins are still protected when the time comes.
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A report have it that out of 21million Bitcoins, 16.8 million coins have been mined (investipedia). This means 80% of the coins have been mined. That means we have fewer coins available till 2140 (when all the coins would be mined). The question is, What will be the value of bitcoin? What is the current rate of mining? Will the price go up too high because the remaining Bitcoin is small?
It is not a question of having a small amount of bitcoins but rather it is a question of the demand for bitcoin. Even if we have a small amount of bitcoin but the demand is much smaller then bitcoins value will not go up. But the community is very positive that bitcoin will really hit a huge value and will even surpass a 100k $ value in the future. |
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We do not understand where are going to bitcoin ? last few weak bitcoin again up to near 10000$ but today bitcoin down and its already gone under 9000$ . So i think bitcoin never reached 20000$ this year .What are u option about it please explain?
As predicted bitcoin will really hit 20,000$ this December. There are big figures in the bitcoin industry who are saying the same words and eventually there are truth in those words. I also agree that we can hit that value or more this December. Also the price drop recently was just temporary and so on the coming days we will be back at 9000$ and we will hit 10k$ next week. |
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To the surprise of nobody, Warren Buffett isn’t interested in Bitcoin at all.
Warren’s strategy is to have an adequate but consistent return over a long period of time.
The key is that he knows he will be rich someday, but he is not in a hurry.
In cryptocurrency world, it is not possible to make a position and forget it for x number of years. Hence, it does not fit Warren’s style.
So what is your opinion?
Before we ask why is Warren Buffet did not want to invest in bitcoin let us examine who is really Warren Buffet. According to Wikipedia Warren Buffet is is an American business magnate, investor, and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$82.9 billion as of February 17, 2018, making him the third wealthiest person in the world. In addition Buffet is also the biggest shareholder of Hathaway since 1970 and the media is calling him oracle , sage, wizard due to his success and immense wealth. So now after looking at his background, we can infer that Buffet have been successful all of his life using traditional business and this is the main reason why he thought that bitcoin was useless. If you are already making that huge amount of money I guess it is normal that you are confident on your field and will not mind bitcoin. |
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Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?
Next week is too long bitcoin will go back to 9300$ tomorrow. By next week bitcoin will be over 10,000 $.. The price drop today is just temporary and it was just a show made by the whales so that people will panic and sell their coins so they can buy it. Let us just trust bitcoin since even if it falls in value it will go back up again. |
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Bitcoin in itself is business. The moment you buy bitcoin you are already investing your money and resources in bitcoin. When bitcoin went out in the market different kinds of business appeared. The reason for it is because bitcoin has a value and it is an online currency. With this companies are opening online such as gambling site, merchant store, exchanges, promotion business and many more.
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