All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.
Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.
Let's continue then our path towards inevitable triumph.
At first, there was only bitcoin, it was almost a decade before, as time passed, the emergence of several alternative coins according to their own promotion and propaganda were set to enter the trade and create their own marketcap. This was all become possible because of the success of the technology of bitcoin. Competition is vital for a technological breakthrough specially if it involves market and exchange. |
|
|
|
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
Since we can not really foretell the actual future of both bitcoin and world economy, it is to hard to predict the role that bitcoin would play in the global economic development. Individually, we have a lot of success story of people around the world because of bitcoin, but, it is yet to prove its potential role in the entire international market and trading systems. As of now, we are hearing both positive and negative speculations about bitcoin. Time will tell which side of the story is real..For us, utilized the maximum potential of bitcoin and other available alternative coins. |
|
|
|
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Although there is nothing sure in this world, and anything may happen even in the most slimmest of chance. But, maybe that possibility may not happen at this time. That scenario would take a complete reform and amendment on the international financial structure and system. |
|
|
|
Definitely. Coins that move up quickly generally have a smaller market cap and also tries to solve real world problems, and try to form a real world solution instead of being a digitised currency. Coins that solve these sort of problems gain interest from people very quickly, and when there is more supply, coin prices tend to rise very quickly. Another variable that can make coins move faster than Bitcoin is their market cap. Take for example a coin sitting a rank 300 compared to Bitcoin at no1. Bitcoin is already peaked, as in there is not much room for Bitcoin's price to grow as it is already so high. On the other hand, the lower ranked coin can have room to grow and might also be called "undervalued" due to it's low market cap. A lower market cap with public interest will likely move much faster than Bitcoin
The market does not goes up all the time, There are factors that affects each movement of each coins including bitcoin. However, there is no given ceiling or flooring where the fluctuation would actually stop. Collectively, it seems that the movement of other alternative coins are still connected on the price value of bitcoin. |
|
|
|
As far as I am more and more in it, I can do some conclusions.
1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;
Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.
So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.
As for me, I will utilized the most of what bitcoin and other alternative coin can offer to maximized the advantage it can actually provide to us. If we really want a revolutionary adoption of this technology, we must be involved in the expansion of its usage and coverage. After all, that is our main goal why we are trusting the technology that brought bitcoin to the market. |
|
|
|
We all have that thought why do Chinese people actually make it in the business world. The reason apparently is that at an early age, their parents are conditioning the minds of their children to do business in the hopes that they will actually be heirs to their family business.
In your opinion, should we be teaching them the same or teaching them to be successful employees for the sake of climbing up the economic ladder?
Parents are there to guide their children towards a successful life in the future, although, they are sent to schools and universities to have their desired degree, it is still a parenting job to advise them on how they may have a successful career and eventually have an outstanding financial status in the future. |
|
|
|
The most common answer to this question will be to hoard and to wait for the correction to reduce or elimate your potential losses. <You only lose money, when you sell at a lower price than what you bought it at, right> My suggestion to reduce potential losses, might sound a bit controversial, but it might just work in the current environment. What I have noticed lately, is that the price is dropping within a $500 margin daily and then recovers. <lots of mini crashes and mini corrections> So in theory, If you were one of the people who bought coins at say $18 000, and IF you sold now at say $9000, you would have lost more or less $9000. <Some people panic and sell at a loss> My suggestion : Use these daily crashes to your advantage. Buy more coins when the price falls with $500 and sell when the price goes up with $500 again. After trading fees, your profit will be anywhere between $450 to $490 per coin/day. Take the profit, put it aside and repeat this strategy until you have chipped away at the potential loss that you would have made. Day 1 - $9000 Day 2 - $8550 Day 3 - $8100 Day 4 - $7650 Day 5 - $7200 Day 6 - $6750 Day 7 - $6300 Day 8 - $5850 Day 9 - $5400 Day 10 - $4950 Day 11 - $4500 Day 12 - $4050 Day 13 - $3600 Day 14 - $3150 Day 15 - $2700 Day 16 - $2250 Day 17 - $1800 Day 18 - $1350 Day 19 - $ 900 Day 20 - $ 450 Day 21 - $ 0 In 3 weeks, you can eliminate any possible losses, if you follow this example. This is definately not a guaranteed recipe for success, but given the current situation, this might just work.  We all know that bitcoin is a highly volatile investment. Fluctuation in price happens from time to time, without any given pattern, it is base on the movement of factors that affect the price. So , to avoid and recover losses, we stay with the basic investment rule, do not sell during price marking down and wait for the price recovery. |
|
|
|
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 a technological breakthrough in the global marketing system. All the properties that bitcoin should pass according to some critics and experts are yet to be solved along with the complementing rules and regulations that would allow this financial innovation to happen in the main stream of global market. Major adaption does not happens overnight, especially if it involves international market and economy. |
|
|
|
More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.
Well, all profit gaining entity will definitely fall under the business category, Since bitcoin is now being use as a potential investment choice, with high promising return. People will continue to use it as on how they will eventually gain the most profit out of it. It may be healthy for the entire technology as long as it is is gaining more trust to its users and gain higher demands on the market. |
|
|
|
|
Bitcoin is much more considered as a decentralized type of cryptocurreny that undoubtley have the freedom to its system when it comes to transactions and trading. It is prefer to be an cryptocurrency that has no anyone who can control its system in terms of transaction that is supported by the blockchain. But people should focus on the greater things bitcoin could give to us like opportunities and chance that we could used to build an investment that could be a source of our earning in the future.
|
|
|
|
|
In terms of supply and volume Bitcoin and Dogecoin is far alike when we compare the two. It is much better to consider Dogecoin us a trading cryptocurrencu that we could chose to invest and make a better way of earning.
|
|
|
|
Yes its true that bitcoin is rare now because there is a big demand in the market and it is the reason why people are hodling it for long-term. And also, there are only 4million bitcoin left to mine. So it means, once all bitcoin has been mined its price will surge up. But we can never really say its gonna be soon because the closer we are to the last bitcoin, the harder it will be tfor the miners.
Even if Bitcoin is related to stock and demand it's availability always depends on the trend on the market where people trade the way people want it to be traded on the market. Without the choices people have in terms of buying and selling Bitcoin it is much harder for Bitcoin to be a currency after all. Its system make it all work after all. |
|
|
|
I am a great fan of the hardware wallets when it comes to the safety point of view. There are multiple ways to store Bitcoins in offline wallets including paper wallet, hardware wallet etc. You can download the reputed paper wallet generator from GitHub and move it to any offline PC and generate paper wallets to store your funds offline. Alternatively, hardware wallet is another way which is more flexible to use.
Hardware wallet is best when it comes to efficient storing and faster way of having fund in terms of transaction. For me it is best to chose the suitable wallet for your field and transaction. If you are trading it is much easier to access on wallets that is built on exchanger to much easier manage your fund. It is not bad to have a multiple type of wallet depending on the way you would used your funds it is either holding or trading. |
|
|
|
In investing in crypto, the only strategy to make a profit is "buy low and sell high." You may have heard of this, but it's not easy to actually do that. Before you invest money into crypto, you need to make sure you have a thorough understanding of the crypto market and the tools on the trading exchanges.
Do not limit your self on just doing the basic in trading which is buying low and selling high. The opportunity bitcoin offers is wider that we could imagine it is much better if we would seek that opportunity and always make the most out of it in the future that we could have in the form of investment, trading and transaction. |
|
|
|
Trading is not very easy job particularly if you don't know how this crypto market works.
If you bought good coins then it is not a loss unless you already sold those coins. I suggest you can average down your prices by buying some more of them and hold for prices to go up again. But it all depends on what kind of coins you traded.
Another suggestion if your new to crypto trading then just buy only those top performing coins or just Bitcoin whenever there is some correction and sell at a profit or just hold them for long-term to make a profit.
If we are going to start an investment we need to deal with our part particular on learning the process or the steps we need to do in order for us to earn in the future. It is not always about the capital we initially have, it is not important if we start small the only matter in the end is the earning and profit we could have in the future as much as we do our best in order for us to trade specifically on trading, investments and transactions. |
|
|
|
|
If you lose on an investment with trading the best way you can do is to try again, because if you stop on just accepting the loss you have you cannot earn more and make a better earning for the future. Investment and having a good profit need time to develop and experience to have a good earning and profit for the future.
|
|
|
|
|
It is the same principle about investment where people take risk for them to earn. We should not just lay ourself around our comfort zone it is necessary to deal with development and changes and for us to earn we need to take advantage on the opportunity Bitcoin gave us even if there is risk.
|
|
|
|
A lot of companies now are adopting this kind of technology and making profit since from the very start. Maybe one day banks will realize the big potential and profit that the Bitcoin and cryptocurrency offers, its just a matter of time before majority of them may join the trend so lets hope so.
It is quite noticeable for us to see the support of both users and business on the system of bitcoin where they are open on accepting it on transaction and investment for the future. So it is not surprisingly to have bitcoin on banking where it could provide better experience on bank transactions and investment for the future that we could in the future. |
|
|
|
|
It would be a good time for Bitcoin to be accepted on the market where it could provide a better and faster system in transaction specifically cashless transaction on the web that could give more security and opportunities for both users and businesses.
|
|
|
|
It could be possible to determine the number of bitcoin addresses used but for the number of people using bitcoin, it could be hard. There are people using a number of bitcoin addresses so an estimate could be done.
But having the address as a source to calculate the total number of users will not be an exact count it because most of users of Bitcoin or cryptocurreny have a multiple account on their wallet based on the transaction they usually deal with and have in the market. It is much better if cryptocurreny could have verification stages for it to have a countable users. But it is not necessary to have right now because it is not important comapre the development needed by the system of cryptocurreny. |
|
|
|
|
Show Posts
