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I'm not sure why people don't think outside the box here. Here you have these competitors to Bitcoin saying we'll give you free BTC for whatever, Bitcoin Cash, not Bitcoin Gold. They're after your BTC UTXO set people!!
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If Bitcoin goes past $5000 the Chinese government will probably smile because they started the FUD with the ban and then probably bought the dip. That's how these govts and too big to fail banks work.
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There is always a possibility of it crashing a little bit where you can buy the dip but never more than $500 will it dip. It is getting more stable and more secure so just be grateful that you have a chance to buy below 10k.
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That's right, like it or not Bitcoin is Gold 2.0 but even better. Gold can actually be melted out and changed by having other metals put in it, thus messing with it's value. With Bitcoin you know there is 21 million and that'll never change.
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Probably. I heard they are doing it in spite of North Korea as so many sellers of BTC were Chinese, but they just switched to localbitcoins which is the beauty of the Bitcoin network.
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That is one thing that is for certain. Markets are unpredictable over time. You think your methods are working one minute and the next they're not because the volume is low, etc.
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What I like best about Bitcoin is that it is perfectly sound money. There is 21 million BTC and the blockchain is immutable which makes it a great store of value forever as it'll be the standard one day (20-30 yrs).
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I like the idea of cryptocurrencies in real estate, ideally Bitcoin, because of it's security. Bitcoin is a network and a currency. The blockchain is the network and it acts as a universally public ledger that can never be changed so this is great for real estate.
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Trading is definitely unpredictable. You think you have a system down pat and then maybe there isn't enough volume the next couple weeks and it throws off your predictions. It really is hard to tell with the market.
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Short trading for Bitcoin is an absolute waste of time for Bitcoin as it is a long term investment and the price will always continue to rise therefore you don't need to stress yourself out trying to buy the dip.
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To me Bitcoin is a way better payment network than paypal. It's not even close actually. Bitcoin has immensely superior security and is open source and decentralized, plus users that actually want to make it better.
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Overcoming your fear of losing money is necessary when trading otherwise you allow your emotions to get involved, and when you allow your emotions to get involved trading becomes a lot less efficient.
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if Bitcoin is to become the main coin then the paper money we are using now will become digital currency and will be based off of BTCs value.
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That's okay. Other governments say Bitcoin can't, and shouldn't, be regulated so it's just a matter of which one loses out the most.
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I will be having children in the next 5 years and buying and holding bitcoins is something I think about because I know Bitcoin will be the world's reserve currency one day.
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If no one spends their bitcoins then that makes the coin more valuable since there is a limited supply of bitcoins. There will only ever be 21 million, around 2050 when they're done being distributed.
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I would absolutely live in a country that has bitcoin as it's national currency, as long as it doesn't regulate it! Like the way Japan is currently, that's too much taxes.
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Right now the industry needs decentralized exchanges, so that people in countries like China would have no problems when trying to trade.
Decentralized peer to peer exchanges is the answer indeed. Bisq is a the best one out there IMO. They have been around for years and have a geat dev team and great community. |
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Do you guys think bitcoin is ready for mass adoption on that scale?
Not at the moment, no. It is still in the store of value stage and it is working on moving on to the medium of exchange stage which is the second function of money. |
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
They don't because they can't. Instead they try and bash it and spread lies. It is similar to a child throwing a tantrum. The people will prevail. |
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