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btc made its way to the top without the government and proved that it is credible and worthy to be accepted as a medium for trade and cannot be illegal but can be restricted amongst those who are yt to accept it
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following the trend of bitcoin, it always falls back to a much lesser value of about 40% and then it picks up in price and hits a new high, so bitcoin can get to $5000 again but it doesn't mean it will be there alone
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i first heard of bitcoin in 2014 through a friend who does bitcoin related transactions and he expressed the ease he enjoys in the whole financial trnasactiona and when i started it, i did enjoy same.
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very sorry to hear that you lost that amount of money in bitcoin wallet, however the blockchain technology is a decentralized system and does not allow any form of procedure been regulated by any governmetn in the blockchain world. but you just have to be more careful next time
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having seen the rise in the price of bitcoin it is not news anymore that bitcoin has risen to $6000 and even crossed and is eyeing the next thousand. it just a matter of time it will get there.
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with his prediction i will say that he is underestimating the bitcoin currency. over a couple of days it has crossed $6000. it took less than a yr to add $5000 to the price of bitcoin then 2 years is too far for the price to get to $20000. it will be higher than that.
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imagine the last time you wanted to send money abroad to someone thousand of miles away and the money was needed in matter of hours and you had to walk to the bank and fill some forms and sign some documents and follow bank procedures and rules and get to wait for days for the money to get to the destination after some days when it was needed in matter of hours. that only leaves you with one thing in mind. bitcoin is changing the world
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all other altcoins have their reference point in bitcoin or their reference coin has its equivalent units in bitcoin. that alone can make bitcoin the most popular and also most exchange companies only accept bitcoin in exchange for cash.
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when bitcoins are lost, it is almost impossible if not impossible to recover it, that is why you are always advised to confirm the wallet address and re-confirm the address again before sending out a payment or initiating a transaction
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the price of bitcoin has over the weeks proved that bitcoin is a worthy investment and also tends to appreciate even more in time to come. i would do the same as an investor. thats enough reason to hold back bitcoin.
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you can say that again. considering the rate and pace at which bitcoin is appreciating and has appreciated over the months, i cant help but admit that bitcoin is far better than god.
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i realized that anytime there is a rise in bitcoin prize, all other coins always go on the reverse part of the game. i don't really understand this but i think it has to do with investors perception most times.
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the biggest regret i have is not investing in bitcoin early enough as i heard of it. i would have stored enough of it if i have gotten the idea of it early. however it is not late for me. i still get to invest
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since altcoin has its reference to bitcoin i think it has a great effect on altcoins if it extincts. however some coins have more features than bitcoin. e.g ethereum. it may not die.
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i joined the medium and instagram bounty of this great project with username as @jerrison42k4
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the earth tokenn is a great project and for such reson i have decide to participate in the bounty in my writing capacity.
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But if we talk in the terms of bitcoin been replaced by another crypto currency, I will strongly and confidently disagree with that fact.
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