I am not getting why people are overreacting on the news of these social websites banning crypto ads. I mean, this is good news. People would be less prone to falling in traps of criminals or ICO scams. What’s bad in this? Relax and think positively.
Simple, the reason many people are worried about this is because they like to invest in icos and with all these banning of cryptocurrencies ads from social media then this means that their profits are going to diminish or that their previous profits will turn into losses, this is not going to affect everyone those that relied mostly on bitcoin as a way to save their money and to hold for a long term will be mostly unaffected, this is why you see such different answers, some people are really worried while other people are not really worried at all. |
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People who always say that bitcoin is dead are people who want to get bitcoin cheaply. The investors obviously will not sell the bitcoin at a cheap price so those who say so are greedy. The current crypto market condition is indeed declining but it will not take long to recover soon.
Those that say that are obviously doing it because they either like to spread FUD around the forum or because they think that their preferred coin should occupy the place of bitcoin, but many of the coins currently circulating are not really innovative enough, most coins are just copies of bitcoin or try to apply the blockchain to areas in which there is not an advantage to use the blockchain at all, this means that bitcoin will stay at the top for a long time but I am not so sure the price will recover as soon as you think. |
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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.
You are correct in your analysis and I will add that bitcoin cannot become outdated for the simple reason that the developers are working on it all the time, many people make the argument that bitcoin is old technology not realizing that is simply not true, bitcoin is being renovated all the time, just last year the developers were able to activate segwit which has somehow alleviated the problem with the fees and now they're working on the lightning network and when they finally are able to activate that, the problem with the fees will be a thing of the past. |
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If we are talking about this week, it would be possible since weekend is almost here and we all know that when weekend starts, trading of cryptos slightly slow down. It will recover again probably Monday or Tuesday. Give it more time for Bitcoin to recover, I suggest uninstalling those mobile apps that tell you the price of coins and token.
Sometimes the best thing we can do is to take distance from the market, I know that it can be very hard to look at the charts and see that the price of bitcoin is not recovering at all and in fact that is going down once again, we know that the best strategy when it comes to investing in bitcoin is to hold your coins and that is very difficult to do if you're watching the price every single hour, in fact some of the biggest success stories in bitcoin were of people that bought bitcoin and then they forgot about it and then were able to sell for a huge price, if they were checking the price every day they will have been unable to hold for that long. |
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taxation of bitcoin? i dont think it is possible. how can they identify wallet addresses. they can not find anybody by their electronic wallet. it is impossible in blockchain technology. everything is anonymous. all they can do is taking taxes from bank transactions related with exchanges.
You're right that is impossible to tax everyone since most addresses are not connected to a particular identity, but many people want at some point to cash out their bitcoin and convert it to fiat, that is when the governments can tax you since they will know which addresses are connected to your identity and will be able to tax you accordingly, this means that the only realistic way to avoid being taxed is to always use bitcoin and to use it in a way that a connection is never created between your identity and your addresses and right now I do not know if it is possible to do that. |
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I honestly just would like to see bitcoin treated the same way as foreign currencies are, or even gold/silver.
Simply doing bitcoin transactions should not incur any taxes. Makes no sense to do so, it's like saying you're going to be taxed every single time you give someone else money regardless of the reason.
What I see with a some countries though is that VAT is added to bitcoin purchases, and CGT is applied when you cash out your bitcoin. Make up your mind, governments. You can't say that bitcoin is both a consumer good and an investment asset. This kind of double taxing shouldn't be happening. Also, apparently in Australia they are also planning on adding a tax for crypto to crypto trades. I get that there may be a tax for crypto to fiat trades, but crypto to crypto, you serious? That's like saying swapping collectibles with someone will incur a tax. Makes no sense to me.
It makes no sense when you are just thinking of the technical aspects of how they are treating bitcoin however when you begin to think about the ideological aspects it is very easy to see why they're doing this they are trying to destroy bitcoin, and they know they are unable to do it with a superior technology, they know that bitcoin will resist everything they throw at it so what they're trying to do is to make bitcoin very difficult to use that way the average person is going to think why bother? And it is going to avoid bitcoin and other cryptocurrencies in order to avoid those taxes. |
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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 secceed 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
I disagree completely with this you need a great idea, if you have one the money is almost irrelevant you just need to look at some of the biggest companies around the world and you will see that some of them began with people in their garage doing stuff they liked, and this is not only true for business this is true for almost anything think of great music bands, most of them began with some boys playing just to get some fun and most of them played with crappy instruments and yet since they had talent and they had good ideas they were able to make it big. |
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Crypto whales own so much BTC that they can easily manipulate the market. While these whales may understand and care deeply about the technology, they drive price much more than speculators do. Should this be a concern? If whales left the market it would crash, but the same could probably be said about most markets if the largest players left.
How rational are whales? Are whales inevitable? And how mature is the bitcoin market?
Whales are inevitable in any market you just need to look at the stock market and see that there are players like banks and governments that are able to manipulate the market as they see fit, the biggest difference we have in this market is that the whales are independent actors and are not related to the governments this can be good and this can be bad, since the whales will only look after themselves and not after the market if they see that they are able to get some profits they will take the opportunity without even thinking about it even if that means that a lot of other people lose money. |
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Lets face it, BTC is in trouble. bTC's Bubble exploded at 19k. Now we are heading downto 3k or lower. After that another journey for BTC.
Bitcoin is not really in trouble, the price went down by a significant margin but that doesn't mean that bitcoin is in trouble that just means that the people that were investing in bitcoin without thinking about the consequences of doing so have run out of money so the ones that are in trouble are the investors that put their money blindly in bitcoin not bitcoin itself, bitcoin is still as strong as it has ever been and the developers are doing the best job they can so bitcoin remain that way, so I do not read think that we are going to reach 3000 that seems to low probably the price we are seeing right now is one of the lowest points of bitcoin. |
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I was invited by a friend of a friend to invest in Bitcoin last year. He told me that if I invest 5000 in our currency it will be doubled in a month's time. He also promised me that I will get referral fees and override from every person I introduced to Bitcoin and that prices of Bitcoin are expected to increase. To make the story short I did not join because I believe its a pyramiding scam. Truth to be told I did my research on Bitcoin after that and it turn's out that Bitcoin's price was really on rise unfortunately I did not invest at that time. Currently I'm learning more thru this forum and I thank my friend for inviting me here. Just last December I heard from one of my friends that the company they joined was in fact a pyramiding scam and the money they invested in just vanished out of thin air together with the people who invited them. We should be wary of people offering investments and opportunities to us. Do your research. Opportunity comes with risks as well as the rewards. If its too good to be true, it might be a scam. Bitcoin is not a SCAM but there are people who uses Bitcoin to SCAM other people. Good luck to us and more power to Bitcoin!
Unfortunately the story of your friend is not really that uncommon, there is simply too many scammers around trying to get our money this is why at least in the beginning I always suggest that people that want to invest in cryptocurrencies take some time to decide whether they want to invest in the market, they are simply unaware of the amount the bad people roaming around and even after they have decided to invest in cryptocurrencies I still encourage them to only invest in bitcoin at least for some months so they avoid being scammed by investing in fake icos. |
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I was thinking the other day, of the eventuality of inheritance and cryptos.
We are all busy trading and hoarding as many coins as we can in the hope to be self sufficient later on down the road, but we should remember to have a plan to share the details, or all could be in vein.
Should there not be a mechanism allowing the inheritance of coins which have not be transferred during life to ones loved one? If someone is to pass and not provide the access to their wallets these coins are forever lost.
Food for thought.
There was an ico dealing with that problem it was called DigiPulse I have not checked it in depth but I think it was a good idea now if you do not want to use an external service in order to inherit your coins to someone else then you will need to find a way to give your private keys but at the same time without losing control over your wallet, after all everyone that has access to the private keys is the owner of your coins as well, and it doesn't matter how much I think about it there doesn't seem to be an easy way to give your coins to someone else and still retain control of them. |
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Former Manchester United and Real Madrid striker Michael Owen is launching a cryptocurrency in his own name, joining other famous sportsmen including Manny Pacquiao in a new venture to connect with fans. The retired England star announced Wednesday his investment in the Singapore-based Global Crypto Offering Exchange (GCOX) as he unveiled the “Owen Coin”. http://punchng.com/ex-england-star-michael-owen-to-launch-own-cryptocurrency/amp/Could this be a booster to cryptocurrency because these celebrities have big influence world wide and could invariably canvass more support for cryptocurrency. I really think that this is not going to help cryptocurrencies over the long term and the reason for that is that it's very obvious that this is nothing more than an attempt to make money and when this coin collapses, and it will, then all the people that invested in this project thinking they could make money or that they are part of the world cryptocurrencies are going to be disappointed and it's very likely they are never going to trusting cryptocurrencies again, so this is not really different than all of those people that just copy paste the code of bitcoin and try to say they are developing a new and better coin they are just scamming people. |
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Working hard will not always be a guarantee to make you rich because you will only make your boss richer. But it's different when you work hard for a business that you, yourself is the boss. I guess hardwork pays off if you own the business yourself and the effort you've made for that business is well worth it, when your the one to gain it all. Also working smarter is just doing hard task simple and faster. Therefore both is useful when working on something.
This is correct, that is why we must always strive to try to start our own business and to be our own boss you need to understand that your boss doesn't pay you because he likes to do charity, he pays you to do a job and if he wants to remain in business he needs to pay you less than what you are producing, so you need to make an effort to create your own business it doesn't matter if it is not the most glamorous as long as it gives you money then you can employ the strategy of working hard and obtain and retain all the benefits for yourself. |
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I told a friend about bitcoin and he bought in January when it was around $14,650 and until now he is still holding. I also told another friend early this month that bitcoin is recovering and he can join the train by buying now and he embark on that and bought around $10760 but now he is complaining that he has loose money. I encourage them that if the can hold bitcoin is going to grow again and if the sell now they will loose they investment.
You need to be very careful when recommending bitcoin or any other cryptocurrency to your friends or family, you basically gave them financial advice telling them to buy and now they are losing money, who do you think they are going to blame for it? They're going to blame you for their losses especially if they really did not knew anything about the market of cryptocurrencies and the risk inherent to this market, so whenever you are recommending bitcoin as a good investment tell them to make a very deep research about it before making any kind of investment and ask you questions about it so they do not have any kind of doubts before investing. |
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What you are describing is an impossibility, if all the media started banning any kind of ads related to cryptocurrencies there is no doubt that the market will suffer, but bitcoin is not going to die for such a small thing bitcoin is by far the strongest and most well known cryptocurrency so while the effects will be there at the beginning we will just find another way to get people to know about bitcoin and the best thing is that when the price begins to go up again and bitcoin begins to break its previous all time high the banning of cryptocurrency ads is going to be irrelevant since the name of bitcoin will be all over the Internet. |
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In the world of the crypto currency, the only thing which can lead you to the success is none other than that of gaining more knowledge and information regarding the things and other than that, being self determined and patient all the time and not to get dishearten even if you suffered the loss. You need to keep on doing your best and that you need to think well before making any decision.
It's funny because in the world of cryptocurrencies having knowledge and information is without a doubt important but probably the most important characteristic that you need in order to become successful is to be patient, it doesn't matter how much knowledge do you have if you do not have the patience to hold your coins for a long time, that is why one of the most common strategies recommended by the forum members is to hold your coins and the reason for that is that the strategy of holding for a long time works pretty well not only in cryptocurrencies but in almost any other market. |
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As if the price is falling from past few months then we can think of it to be rising very soon but we can't predict how much rise will be there and how much time it can take to rise.
Things are never so simple, just because the price has gone down in the last months that doesn't mean that the price is going to grow in the next month as a result, you need to look at the news and see if something big is about to come out, and if you take the time to see the news right now there is not a big announcement that is going to come soon, we are waiting for their lightning network to be released by the developers but we do not know when that is going to happen since there are still testing the network. |
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Best ICO for me still bitcoin and ethereum. This two coins is great coins until now, this coins increase much every years.
New ICO actually is great because the price is stiil cheap and will increase every years. But this two is legend for now, the value high and more investors search that two legend coins.
Ethereum went through an ico but bitcoin did not, make no mistake Satoshi created bitcoin and if you wanted to get some of those bitcoins at the early days you could mine them you did not needed to bought them, by mining you were offering a service to the community by making the network faster and stronger and more resistant, this is why people trust a lot more in bitcoin that in many other coins because they know the satoshi never had the intention of becoming rich with bitcoin, this was an experiment and something new, that is one of the reasons of why bitcoin is still as popular. |
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Obviously Bitcoin won't die. Just like the stock market, bitcoin too is subject to ups and downs in price. It is the belief of people that makes Bitcoin stronger. Every time the market falls, people consider it the right opportunity to invest and make money, and I am sure that a lot of people would take this low price as an opportunity to invest in bitcoin.
Also, going by the past trends, bitcoin usually upscales towards the ending quarters of the years. Even in 2017, it was the last quarter that resulted in such a high price for bitcoin.
So just sit back, invest, and then watch the market go up.
People can be very dramatic especially when it comes to their money when the price of bitcoin is going up then everyone is very excited and thinking that this is finally it and that bitcoin will change the world, but now that the price is going down everyone is very depressed and think of the worst possible scenario that they can imagine, like always the truth is in the middle of those postures, bitcoin is not dying and will not die in a long time, but there is still a lot of work to do before bitcoin is able to change the world. |
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I'm wondering also why there still some crypto related content on google and facebook if they totally confirm to restrict crypto currencies to advertise on their site. And it's been months since they acknowledge that news around the internet and nothings happen until now. maybe fake news.? Lol
There are only two possibilities that I can imagine, as you say one possibility is that that was fake news it will be interesting to get confirmation directly from the owners of those companies, the second possibility is that the news are real but that the ban is not applied immediately and it will take some months before its enforced, to me this seems like the most likely option, Google and Facebook are gigantic companies and it's very difficult to apply something as complex as a ban overnight, so they need time to enforce the ban. |
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