The rush for wealth is over now, but the technology is the legacy that may benefit future generations. How to make a business run well, how governments can be more efficient. How to stop cheating and corruption through the blockchain technology. All these things will help improve life in general for future generations. Some innovative companies may make some stock holders in them very wealthy also, so you might get some early adopters doing well and some serious investors in the future hit the odd jackpot. This is my current thought on this topic, but I do not see the mass adoption of wealth happening anymore.
The rush for wealth is not over, if bitcoin is able to do some of the things that you think is going to able to accomplish then there is no doubt in my mind that price will grow a lot, in fact this is what many people here in the forum are expecting, even if it achieves nothing else but to become a widely circulated currency that will be enough to push the price to levels that are difficult to imagine, but the biggest opponents of this are governments, do you think they want to run more efficiently? Of course not they want to spend the most money they can that way they keep people poor and people will need to rely more on the government. |
|
|
|
To me this is a very clear sign that something else is going on, in my opinion all of those websites are being pressured by governments and probably by banks to limit the exposure of icos, to me this seems like a desperate action they are trying to slow down the market, they do not want to market to grow even more and to attract the attention of even more people. They understand very clearly that if this trend continues they are going to be unable to stop cryptocurrencies so they are trying to buy time to figure out how to do it. |
|
|
|
I do both. I think if we buy and invest it will only get one profit but if I buy and then traded my money and I make withdrawal with dollar for long term, I will get profit 2 times. but what I do is risky because the price can not be read at any time.
The big problem with trading is that at first it may seem easy to do you need to predict the direction the market is going to take and if you do that then you can make a lot of money but the truth is that is very difficult most traders lose money despite the fact that they take the time, effort and sometimes money in order to learn the secrets of trading not realizing there are not such secrets, no one is going to sell those secrets just for a few dollars, this is why your best option is to invest in a coin with strong fundamentals that eventually grows and gives you profits that way. |
|
|
|
The number 1 lesson is the best of all and will teach you everything. Do not believe any groups that are telling you this will happen or that will happen. It will always be just speculation.
No one can predict to what will happen. The price could double anytime or could fall until you cannot take it anymore.
Then all of it will follow, including what you should do to at least have an idea to where the price will go.
Legitimate telegram group of one coin is the best one to get more knowledge.
This is an illusion that many need to forget if I knew what was going to happen in the market I will not be sharing that information with anyone I would use the information to invest every single dollar that I have in my life and make a fortune in just one or two trades, so a trader or a group of traders giving that information can only be doing that out of two reasons, one of those reasons could be they like to help people and we see people like that in the forum but the most likely reason is that they are going to try to profit from you in some way or form. |
|
|
|
My start with crypto/btc was that I invested a bit end of November last year. I had a few friends that told me about their small successes and how easy it was to just 'start'. It was indeed quite easy. I started to read and research into btc and every other relevant coin. Whitepapers, teams and such. Then I started to shift focus to the block chain, starting to get a grasp on what could be the future possibilities. I started to get real exited and invested some of my savings in a few projects with (to me) real potential. None of those projects appeared to be alive because of speculation only, mainly because they have a vision and actual plans.
So then I noticed that there are quite a few documentaries. I started to watch them all. A few from 2015, 2016 and 2017. I was disappointed to say the least. Everything was about bitcoin and the value/worth of bitcoin. It was about highs and lows, crashes and deceit. Only a few times the actual potential of the block chain was mentioned. Mostly it was about money.
Right now I am starting to feel like this is just a way to make money. Nothing more nothing less. You buy into btc or other coins and in no way are you really supporting the project, besides maybe adding to the order books at the exchanges with some minor effect until whales decided to take over. I sometimes have some sort of dishonest feeling, like the money I make through buying (and seldom) selling is somehow dirty as it comes from people that simply do less research, bail out or simply already had their take.
I started with high feelings of morality, being part of some new future where block chain would be the next internet. Right now it feels like a rat race where you have to grab as much money as possible before others take it before you or from you.
Not that I am ungrateful. I like many projects because of the team behind it that actually want to change the world. But if I look around me, it is mostly those that are in it to make money, a lot of money....and this money has to come from somewhere right (those that lose money)...
What is your take on this? Is this all a phase, part of how this game works?
This is just a phase in the life of bitcoin and cryptocurrencies, what you are describing seems more similar to the feelings of the early adopters that were here not to make money, even if that is what they did, but they were here to support bitcoin in any way they could, now we are in the phase in which everyone is trying to get bitcoin because they know it is valuable and they also know it is going to be even more valuable in the future, I understand that you may not like it but it's a necessary phase, eventually bitcoin will reach its objectives and people around the world will begin to use it as it was intended. |
|
|
|
This is a sequel to this thread. If you are interested only in the fat of the thread and the cream of the theme, look no further than this and the second post here.
Many people say that you should work hard if you want to succeed in life and rise to riches. I'd rather say that working hard will only make your boss richer, not yourself. On the other hand, there is an age-old adage which says that you should be working smarter, not harder. But working smarter is a vague idea, and I'm interested to hear what people have to say on this topic. As far as I'm concerned, I think that working smart comes down to creating environment where you will have more chances to meet Lady Luck smiling at you, where you will be able to hit a lucky strike because luck plays an ever-important role in our lives. For example, if you want to find a date to have a romantic relationship with or you are looking for a one-night stand only, you will go to a beach or a bar since your chances are higher there, right? The same approach seems to be applicable to work as well. In other words, stick around the places where your chances of success are the highest. So share your opinions here, guys. What is your practical take on working smart? You should do both since this increases the chances of getting better outcomes in your life, however a lot people prefer to work harder than to work smarter because working harder is more straightforward and easier to implement in order to work harder you only need to work for an additional hour and you're already working harder, but working smarter is a lot more difficult to do what you need to do is figure out a way to do your work in a more efficient manner to save your time and energy that you can later use for something else. |
|
|
|
I always see these "peg to something else" responses and it makes me wonder why no one bothers to ask the obvious question:
If "X" must be pegged to "Y" for "X" to be stable, then what is "Y" pegged to that makes it magically stable?
If enough people (merchants and users) were transacting in "X" then why would they need or care about "Y"?
That is the thing, for example a coin that is pegged to the US dollar is stable in the sense that it will always have a value of one dollar but the dollar itself is not stable it has lost its purchasing power during the last century at an alarming rate and that rate is accelerating due to the US government printing more and more dollars, that is why I think bitcoin go it right you must create a coin with limited supply and let the people to decide how much each bitcoin is worth. |
|
|
|
Want to invest some money on ico looking for best one.??
I don't really think that right now is the best time to invest in icos, the market is showing a slight recovery and if this continues for some time then you could make a good amount of money by investing in some of the most solid coins out there, after that you can think of investing in some other projects, but this is an opportunity that you cannot let it go to waste besides most icos trade at a lower level after they hit the market, so you can invest in them and get them for cheaper after the ico ends. |
|
|
|
As the title, do you actually work 24/7 in the crypto world as like: trading, mining, bounties, airdrop etc? And what is your expecting earnings in the future with those jobs? Do you sustain yourself with? Feel free to ask too  No I do not work 24/7 on crypto, I have a lot of other things to do especially my job however I try to earn some bitcoin and if possible some new coins whenever I can, what I'm expecting out of this is very simple, to me this is a kind of gamble if you like, cryptocurrencies may be will be worth nothing in the future but it is also very possible that they are worth a lot and right now seems like the perfect time to try to get some because if what some people are predicting becomes true then bitcoin will probably be worth a fortune and even a single one will be enough to change your life for the better. |
|
|
|
According to this guy, there are only 174,225 Satoshis/per person for every person on this planet. https://steemit.com/bitcoin/@infidel1258/satoshis-for-everyone-but-how-manyWe have a lot of work to distribute these Satoshis to their owners. Do you want to see that Satoshis should be distributed more evenly or should we hoard these coins like the Scrooge McDucks we are? How many of you are going "My Precious" like Sméagol < Lord of the Rings > now? Let's discuss what kind of Bitcoiner you are... A Sméagol or a Bill Gates. While it is impossible for 7 billion people to hold bitcoin it is always interesting to run the experiment to see where you are in terms of holdings, even if we assumed that only a 100 million people ever adopted bitcoin and we divide that by the circulating supply of 16.9 millions you still only need 0.169 BTC in order to be an average holder in the future, and if we take into account the huge price of bitcoin right now then it is completely possible that the price will be a lot higher by then, this is why even if you are only holding a couple of bitcoins you can still get a lot of benefits in the future if you keep holding. |
|
|
|
It will happen the same that happens to all businesses, if miners are operating for a loss they have two options, one is to mine another cryptocurrency and obtain profits that way and two is to go bankrupt being bought by another miner and then only the most efficient miners remain, this is the survival of the fittest at its best, also after two weeks the hash rate will go down and then the difficulty will adjust, it will get lower allowing the miners to be profitable again, so as you can see satoshi was really a genius because he thought that far ahead. |
|
|
|
Bill Gates says bitcoin has caused deaths in a real way because some criminals used it to buy drugs.If they used Windows computers for these transactions,is Microsoft literally selling murder.
Exactly, if we are going to use that way of thinking then we can conclude that any person that has used Windows to commit a crime has made Microsoft guilty of a crime too, and we know that kind of logic is never going to fly on a court of law, can you imagine what will happen if I judge accepted that kind of logic? Everyone will be guilty of everything at some point a line needs to be drawn about the responsibility that a person has, for example we cannot blame the creator of the automobile for all the deaths that happens in cars right? |
|
|
|
Decentralized exchanges are the ones needed most, we are trading decentralized coins in centralized exchanges  but no worry we have great dex OAX developing Decentralized exchanges and anonymity coins are at the top of my list when it comes to what we need right now, anonymity coins are needed because even if bitcoin is great we need a way to transact money online without everyone finding out in what we spend our coins and decentralized exchanges are needed as well since I want to be able to buy other coins without having to rely on a centralized exchange that asks for all kind of information that I do not want to give to them. |
|
|
|
But put yourself in the shoes of the 2011 BTC enthusiast. If someone from 2018 went back in time to tell him that BTC would go up to $20,000, how do you think would he react?
Yeah, the same reactions we are having here. It may not be $1 million by 2020 but it might be on 2030.
Forget about 2011 if someone told me at the beginning of the previous year that bitcoin will reach 20k before the year ended I would have thought of that person as crazy and yet it happened, the difference is that in order to reach 1 million dollars per bitcoin we will need a huge amount of the economy running on bitcoin and that is not possible yet and even if it was possible changes are never that fast it takes time to replace an old technology with a new one, so it is going to take decades before bitcoin becomes used everywhere and gets a shot at 1 million dollars. |
|
|
|
Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
Another reason to invest in bitcoin is if it becomes a currency as satoshi envisioned, if bitcoin is in fact accepted all over the world and it becomes a mainstream way to pay for stuff online and in the regular stores then the price of bitcoin will grow up significantly, in fact I think this is the first necessary step before bitcoin becomes a store of value, that was the same path that gold took, gold was at first a currency and when people discovered how good it was people began to use gold as a store of value. |
|
|
|
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
If you are a regular trader you can store your crypto asset any trusted exchanger like as bittrex or bifinex or kucoin.But you want to hold your crypto asset you can use a different desktop wallet or official wallet not exchanger.Most of the people lost their asset for using untrusted bt profitable exchanger so you can easily use desktop or official wallet and keep your private key any safety place People need to be a lot more careful when storing their coins there is not a day in the forum in which we do not see a story of someone losing his coins because of a dumb mistake and sometimes were talking about really big amounts of money and that is when I get surprised because if they do not take care for their money then what do they care for? We need to keep complete control over our private keys, no one else's should have access to our coins and even more importantly you should use a very safe way to store those coins if you are not going to move them at all, like a hardware wallet or a paper wallet. |
|
|
|
People will always panic for no reason anyway and you would not blame them, most especially, let's face the fact that traders are more like the market makers and if a huge dump is going on in the market, you would not expect them to keep looking and not take advantage of that. So far, bitcoin has been down for so many reasons that is going on but the major one coming from Kobayashi and if you Google that name, it would ring a lot of dumping bells on the internet.
It is true that persons panic but it is not for no reason whatsoever most of the time they have a reason behind their behavior and that is because the wild movements that we see in the market and when you combine that with inexperience then you have a recipe for disaster, those investors that put their money in the market without really understanding the risks are the ones that are more likely to panic and to take bad decisions under pressure those a of us that understand very well what we are doing have a lower risk of doing that. |
|
|
|
In case that the price of bitcoin becomes stable, I would use it more often times. For me, bitcoin will becomes a means of exchange or a payment because the price was no longer volatile. In that case, the traders or investors may use bitcoin not as a means of trade rather to be a storage of assets. Because there stabilize in the price, bitcoin can use in a daily services.
The price of bitcoin is not going to become stable anytime soon however that doesn't mean that is not usable, you can take advantage of the volatility of bitcoin and use it in your favor, you can use bitcoin when the price is very high that way the products and services you are buying will be cheaper, for example it will be a bad idea to use your bitcoin right now that the price is very cheap but once it goes back to the previous all time high or even higher you could use bitcoin and in a way get a discount for the products and services you are looking for. |
|
|
|
Suppose that bitcoin will become a universally recognized currency around the world. Then the price of the currency should be equal to the price of all the world's wealth.If bitcoin takes the leading place in the world economy it is necessary to take into account that the supply of coins is not infinite. One can only imagine how much it will cost one coin.Someday, the market capitalization of bitcoin will catch up or even surpass the market capitalization of gold.But for this, bitcoin will need state support.If States do not want to enter the cryptocurrency market, then bitcoin still has growth potential. It will be used by investors as an interstate payment system.Cryptocurrency is not subject to inflation. The States will have to adopt new financing mechanisms and taxation.
Bitcoin does not need the support of governments that is the whole point, to create a currency that does not need approval of anyone else, obviously f we had approval then will be easy for bitcoin to gain value but what makes you think that that is what the government wants? It will be very dumb from them to support bitcoin after all they are the ones that have to right to print currency and that is a huge power that allows them to run deficits to spend more money than the money they get through taxes, with a bitcoin took over they will be unable to do that any longer. |
|
|
|
Coins are declining nowadays because of the wrong actions we're actually doing. Some still have FUDs in their mind which leads to selling more of their coins instead of buying one,well we can't blame anyone. But if we panic sell we are actually contributing to the declining of bitcoin and other crypto currency. We might as well begin with accepting this kind of situation and try overcoming the FUDs we have to be able to move forward.
The prices are going down because lack of demand, and there is a lack of demand because the price crashed recently and no one is going to buy and asset that has crashed recently, second the supply of bitcoin has gone up since there have been many coins up for sale and as we know this has the effect of suppressing the price and finally there has not been too many positive news about bitcoin because the development of the lightning network is taking sometime and until the developers says it is ready to be used by all of us then the price will not go up. |
|
|
|
|
Show Posts
