I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.
There are two major reasons that makes the bitcoin value drop which are: 1. Panic by bitcoin holders - When there is negative news about bitcoin the panic people are the first to sell. And if there's is too much dump in the market that will drop the bitcoin price. 2. Speculations and FUDs - Speculating fake or negative FUDs usually makes the value of bitcoin drop because a lot of people are going to be scared of what is going to happen. |
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The best way to double your currency with bitcoin is through trading or lending loans.
All you have to do is take your time to learn more about bitcoin trading and when you master the basics then you can start small.
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For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?
For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.
Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?
It's not going to happen, not even $10,000 in plenty of years. We might be lucky if we'll see the price go to $2000 as max ATH, which isn't that unreasonable after we manage to get more investor money on board. But at this point it's a million miles away  Bitcoin selling at $10,000 is around the corner.  So, that is no longer a big deal because in this year alone 2017 bitcoin has gained over 700% increase in value. If bitcoin can manage to grow with even 500% every year. bitcoin will definitely surpass $10,000 benchmark by 2018. |
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Yes many have already made millions out of both forex trading and crypto trading, you can search for few of their testimonial videos and success stories. Actually you need to gain really nice skill as well as good amount of experience before you can make constant and regular profit with forex trading same applies for crypto trading. Patience is always a key of success in Trading. - Go through few trading guides from known elite traders. - Check tutorial videos from successful traders. - Start yourself with small amount - Learn the system first and learn the market later - Start investing more and try to make limit in both loss and profit. - Don't go with any prediction and don't trust any trading platform without doing good research. With all this in mind, you can also make money with forex trading like others. As you might see, there are so many people now trading bitcoin on forex market like the way people used to trade USD with other currency. Most of the forex platforms online now implemented bitcoin trading just like way they normally introduced every currency. You can trade bitcoins with every currency you want. |
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I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.
Not every country in the world doesn't understand bitcoin, please. My country knows about bitcoin and everybody is happy about it including greedy politicians. Bitcoin is not a weapon like gun or something that will get you are arrested for using it - it is only a digital currency. |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
Corruption is to Bitcoin like air is to a bird. It's the natural environment. Greed, lack of regulation, possible anonymity, irreversible transactions. It's a perfect formula. As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell. Yes, there are so many ways that bitcoin may lead to corruption. Firstly, when you put your money in bitcoin, nobody knows about it but you and you didn't pay taxes. Secondly, bitcoin anonymity might also help politicians, rich and greedy people for saving their loot money anonymously. Thirdly, when you own bitcoin you are the in control to do good or bad, that may also help some people to bribe others without knowledge of others. |
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However if one already owns bitcoins, this problem that you have becomes non-existent.
Yes, but what I am talking about is mass adoption. I don't see my grandmother owning BTC. Bitcoin wasn't designed to be used by 70 year old ghouls. However the newer generation will get this. Indeed, bitcoin was designed to be used by young people and hoping for the next generation to adopt and embrace cryptocurrency in form of general currency. There is no way to force old people to use bitcoin because it is out of their time, old people will never understand it since all they know paper money and there is nothing you can do to help them use bitcoin. |
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With Bitcoin? By creating an ICO, you don't even need Bitcoin to make money. Easiest money ever! /s
On a serious note, holding Bitcoin seems the best strategy so far in 2017.
What you said is also correct because most of the new ICO collecting a huge amount of money but don't know how many of them will succeed at the end. But I suggest before investing in any new ICO you should check who is running the show and whether they can able to deliver what they promised in white paper. If not, investors will lose their money and for Dev's it is easy money. Everything patterning bitcoin makes money in 2017 - from bitcoin mining, bitcoin holding, bitcoin trading, and down to investing in ICO. But the best places to make huge profit with bitcoins 2017 are bitcoin trading and investing in ICOs - but you must know what you are doing first. |
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Investing in gold is of course more secure than investing in Bitcoin. At least if you store it in your own home, somewhere safe (hidden room or something). In 2012 I invested in both gold and bitcoin. By today, with gold I lost 20% but with bitcoin I gained 3000%. Now bitcoin is the largest asset in my portfolio. However, I still find gold more safe/stable investment in long term (10y and over). Gold is safe if you physically own it. In your home for example. If you only own a piece of paper then it is not safe. While with bitcoin, you OWN the bitcoins even with a simple paperwallet. You guys should all be millionaires by now if would have trusted the bitcoin that time. I guess, now you learned some risks are worth taking. Bitcoin is kind of one of the lifetime opportunity which must of you guys failed to nailed it. This is the kind of opportunity that will make you retire for life. Bitcoin has shown the world it's the new gold 2.0 - Bitcoin just out class old gold with twenty steps ahead.  |
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Cash is better than bitcoin is such away that it is physical and easy acceptability within your locality. But apart from that I don't think fiat has more to offer better than bitcoin. When you are doing multinational business, bitcoin is far better than fiat. Bitcoin transactions are very fast and cheap as well compared the bank transfer that might also require to convert your local currency to currency of your business partner. Bitcoin removes that, with bitcoin is there only one currency between you and your business partner - you might only use other currencies as an equivalent.
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who among you here heard bitcoin back in 2009 and 2010? I was one of the people who is very skeptical about it and I really regret it.  I missed the best opportunity for a lifetime. Dude you would be a multimillionaire by now. I wish I'd heard about it then. Oh, my! I wish i was you when you when you first hear about the bitcoin back in 2009-2010. During that period I had lots of money which I have totally nothing to do with it, which i spent buying shoes and some physical assets. For me, I really had a very bad start with bitcoins when i got started 2013 - It was February, 2013 and media was saying all negative stuff about bitcoin which later turns my head after "Silk Road" crackdown. |
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Hey Guys,
Can you help me in understanding bitcoins , the ecosystem , origin and how it really works. I tried to find them but information is available in bits and pieces so looking forward for your help in it.
Thanks,
Gaurav
Well, let me start by explaining to you what is bitcoin because that will help guide you too. Bitcoin is peer-to-peer electronic currency (digital currency) that operates on blockchain network. Bitcoin is virtual because of that it is very fast in terms of transaction speed and very secure in terms of privacy as well. Bitcoin is fully decentralized, which means the it's currency made by people and control by the people. No government or corporation that control it. Bitcoin has a self-stabilizing economy that determines the bitcoin price based on bitcoin demand and it is acceptable all over the world. For more explanations and tutorials i suggest YouTube might be very helpful... |
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You don't expect people from poor countries where they don't have something to eat to care about bitcoin. Do you? The ATMs also means nothing If we take china for example, they were dominating the market but almost no ATM there, same thing applies for Korea and Japan. Germany comes just after the U.S when it comes to the Darknet illegal drugs listings where bitcoin is being used so why not ATMs? It's because of the regulations. I could list a few countries that you would consider as third world country ,have no ATMs, no exchanges and still have more bitcoiners then some of the countries you listed. In other words, the ATMs don't represent the user base at all.
Yes, you are right but don't forget the rest of the world are now slowly adopting bitcoin and very soon the entire world will come looking for it. Bitcoin is the type of currency everyone is looking because it's very fast, very secure, bitcoin transactions are very cheap and fully decentralized. Bitcoins are acceptable globally. Bitcoin put people in control of their money and privacy online, of course. Using bitcoin you are free to do whatever you want with your money, indeed! |
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I am asking this just to see the different opinions of Bitcoin community about its long term potential
I know Bitcoin is actually strong enough and stable as well
But what do you think about it after 100 years ?
As I really can't predict the future, I believe that anything can happen within that period, there is a saying that everything thay rises eventually falls, Bitcoin is the major crypto currency at the moment but I believe that as time goes on, another will come which will be more profitable to people and they will flock towards it abandoning bitcoin. Well, I believe so because bitcoin show all the potentials to survive the next 100 years. The only thing i'm afraid is the fast change of technology. I don't know what the future might bring for now. But for sure bitcoin is here to stay and nothing will dare to cross on it way and if anything do they will be dealt with. Because many have tried and failed but bitcoin is still here, stonger than ever - Here we go, baby!  |
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They say, money make the world go round. Without money nothing will move around. Money is key in building any human civilization and bitcoin is more than just a money, it's something bigger. Do you think bitcoin value and speed will help change the face of our current civilization for good? Share with us what you think... thanks |
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Bitcoin is the future of money, or so they say.
I would like to hear your opinions on Why should people use Bitcoin?
People should use bitcoin because it is more advanced than money. The thing is bitcoin is usable through the use of internet. It is true that we can also use our own money through the internet. Although, the only problem is the security and the process itself. It sounds like that you are using Bitcoin for your own personal business. Despite of this common use there are various other uses of BTC including a way to earn money by trading and investment at smaller or large scales. As it is a one of the decentralized economy therefore Bitcoin can be used for money transaction anywhere around the world without any changes and currency problem. I myself use Bitcoin a way of earning as it can be used without any difficulty round the globe. It doesn't mean that people "should" used bitcoin because it was widely opened for those who are willing to join it. Bitcoin as you can see is not perfect but it does have many advantages for us to gain a good profit so many to mention. People should bitcoin because bitcoin transactions are very, very fast, secure, decentralized and very cheap as well. Bitcoin is digital currency that is acceptable worldwide. And finally but not least bitcoin value is growing over time which is good thing to do for long time. |
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Send your btc to any crypto exchanges then withdraw from there.
samples crypto exchanges:
bitfinex
coinbase
bittrex
poloinex
kraken
etc
There a lot of ways which you can use to cash out your bitcoin. There is a website called localbitcoins. com. It is a exchange trade facilitation platform where traders across the world can participate. Register there and fund your account with bitcoin. Check the open buy orders and open a trade once you find an order suitable for your price and trade limits. Get the money to your bank account and release the escrow to the buyer. It's that simple. Indeed, bitcoin exchanges are the best place to convert your bitcoins in to local currency. You just have to find the bitcoin exchange that work in your country because not all of them work everywhere. If none, then you may try localbitcoins.com or luno.com - these are best ones that work with third world countries. |
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Even the blind can see that crypto Currency is making people millionaires all over the world just because they present the holders of such currency with the financial freedom and opportunity to accrue large amounts of wealth base on currency investment . But my question is that, is it late to buy bitcoin? Should i wait maybe bitcoin price will decline after 1st August meeting? Please i will welcome your advice so that I can make my decision on crypto currency investment.
No. it is never too late to get involved with bitcoin. Bitcoin value will continue to grow as time goes on because new people will be buying bitcoins everyday. The more people are trying to buy bitcoins the more valuable bitcoin is going to be. High bitcoin demand is what is driving the bitcoin price. As you already know new people are buying bitcoins everyday and the demand of bitcoin is higher than the supply. So, the price will continue to get higher everyday, even when there is a correction the value will recover in no time. |
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Bitcoin has become the world most valuable asset and the value keeps going higher! Why not we should focus on saving more bitcoins than selling our last remaining bitcoins? I read and hear from a lot of guys owning bitcoin saying, should I sell my bitcoins? The issues is, if you sell all your bitcoins when are you going to buy at lower price? There's no guarantee when exactly bitcoin price will surely come down. Share your thoughts about what you think guys. My answer is simple, why sell them now for $4000 if you can sell them year later for $8000? 5 years later for $50000? More you save now more you will have later. I am sure that price won't stop here and that it will rise even more. I guess only reason why someone should sell their bitcoins is only if they urgently need money right now, but if you want to sell them now to get profit... it's better not to. Oh, indeed! the recent spikes in bitcoin price shows the world how important and valuable bitcoin is going to be in the future. The you invest in bitcoin, the more you are going to make in the future, the earlier the better. Bitcoin makes the world a better place by providing solution to the people all over the world where people can use it to buy what they want instantly around the world. Bitcoin gives people freedom and power to take control of their money and what they are doing with it online. |
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Bitcoin Price Achieves New All-Time High at $7,598; Why is the Market So Optimistic?Once again, the bitcoin price has achieved a new all-time high at $7,598 on November 5, as the market continues to be optimistic about the mid-term performance of bitcoin.  Rapid Adoption in Major RegionsIn Japan and South Korea, two regions in Asia that are known to have extremely conservative investors and traders, have seen an exponential increase in the demand for bitcoin from local traders. In an interview with Nathaniel Poppers of the New York Times in October, Korbit founder and CEO Tony Lyu emphasized that once people are invested in South Korea, they encourage others to join the “party.” “Word just spreads really fast in Korea. Once people are invested, they want everyone else to join the party. There’s been this huge, almost a community movement around this,” said Lyu. Over the past two weeks, Japan and South Korea have seen a massive portion of conventional investors in the traditional financial industry allocate their funds to bitcoin, given the increasing liquidity of bitcoin and the cryptocurrency market in general. Specifically, in South Korea, the popularity of offline exchanges of Bithumb and Coinone, the country’s two largest cryptocurrency exchanges, started to grow, as investors without solid technical knowledge or expertise in dealing with bitcoin began to seek for direct person-to-person assistance in purchasing, trading, storing, and managing bitcoin. As a 53-year-old bitcoin investor stated: “Due to the emergence of physical cryptocurrency exchanges and offline customer service operations launched by CoinoneBlocks and Bithumb, many investors in South Korea are rushing to sell their stocks and equity in public companies to invest in cryptocurrencies such as bitcoin. Since the beginning of 2017, the demand for bitcoin has increased significantly and investors have been able to build trust over the cryptocurrency exchange market through offline exchanges.”
Japan and the USJapan has always remained as the driving factor of the bitcoin price, especially in its new all-time highs and strong rallies. Japan is one of the very few countries that has adopted bitcoin as a currency and a payment method, using bitcoin to transact at hotels, online e-commerce platforms, retailers, and restaurants. Today, Japan’s largest retailer in Bic Camera, budget hotel chain Capsule, major airline Peach, and the country’s largest grid operator Remixpoint accept bitcoin as a currency for all of their operations, services, and products. Investors in the US are also optimistic in regards to the launch of a bitcoin futures exchange by CME and CBOE, the two largest options exchange both domestically and internationally. CME’s bitcoin integration is expected to offer immense liquidity for institutional and retail investors, who have been looking to allocate their “money on the sidelines” into bitcoin for many months. The overwhelming performance of major regions such as Japan and South Korea, along with the integration of bitcoin by leading financial institutions in the US have contributed to the recent price surge of bitcoin. In the mid-term, by early 2018, analysts expect the price of bitcoin to surpass the $10,000 mark. But, some strategists including Wall Street analyst Tom Lee of Fundstrat have warned investors to be cautious, as bitcoin price has increased from $3,300 to $7,400 in the past month alone, and such abrupt surge in the price of bitcoin could lead to a correction. Source: https://www.cryptocoinsnews.com/bitcoin-price-achieves-new-time-high-7598-market-optimistic/
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