Here is what I would do with $800,000 is I wanted to invest it all in cryptos... First off, you have a higher chance to make the most money by investing in altcoins, although that takes hundreds of hours of research, or even thousands, whereas coins such as Bitcoin and Ethereum are much safer options because they are proven to be legit, and also offer the possibility to make huge multiple in the not-so-distant future. Therefore, I would put $600-700k into BTC and ETH and play around with $100k or so in altcoins which you deem worthy of investing in after much research. Hope you get some help from this advice.  |
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Haven't came across any such information through any of the articles. Facebook has been used as a platform to promote bitcoin as well several other projects that exist related to the same. If Facebook has started accepting bitcoin, now we could have gone far apart in value. Maybe in future this might come true.
Yeah the same case with me I have not seen the bitcoin being accepted in the facebook but if we look at the value of the bitcoin then we will say it will be the best thing about the bitcoin as it is now increasing in the value and the time I hope the bitcoin will give the best and the future of the bitcoin will increase more and more with the passage of the time. The value of the bitcoin is now having the high demand so hope the facebook will accept the bitcoin in the future. You are right bitcoin will get more popularity after acceptation if bitcoin on face book because a lot of all over the world and from different states using face book and some of them didn’t know about bitcoin do if bitcoin offers on face book then people will start investing in bitcoin that’s why face book will also plays a role in the bright future of bitcoin There are a couple of key things which I think will ultimately be what is necessary to bring cryptocurrencies to the world stage. The first is Facebook integration, yes. Being able to use it on Facebook (or even use a FB altcoin that they make, which is more likely what will happen). The second is a Superbowl ad, because that is likely the easiest way to reach a global audience, or at least tens of millions in a single day with just a single commercial. |
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what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
I once discussed similar this topics. https://bitcointalk.org/index.php?topic=2336191.msg23774054#msg23774054From what I conclude indeed poor countries today have not been able to adapt bitcoins to become a thriving business in there country, poor countries are still focused on infrastructure development and job creation. As for joining the bitcoins business, we need enough money and have good internet access. Neither poor, nor rich countries are focused on integrating cryptocurrency into the fabric of their nations yet. It is too early. Most people have no clue what Bitcoin even is, let alone all of the other stuff that comes along with it. |
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How can we use btc and live of this growing asset? I dont like the idea of using some of that BTC to live. Just like real estate, you buy it, it continues to appreciate in value in general but you also get rental income.
Bitcoin does not do that, all it can do is just go up in value but how can you live of it? Would it be to buy rental properly with it, let THAT go up in value and then take rental income while your other stash of BTC grows?
What is a likely idea here to earn passive income of BTC without reducing the BTC holdings?
The main purpose of Bitcoin is to spend it online like a real currency that is why it is called digital money but we can't take away the fact that it is more worth to hold it rather than to spend it like a normal currency because the price of it continues to grow overtime so some people now really see it as an asset more than a money. I think it is okay to spend Bitcoin as a money online if you have the capacity to also earn a Bitcoin online because with this the number of your holdings will not be so affected compare to buying Bitcoin with your earned Fiat moneys every now and then. This is not necessarily true man. At first, Bitcoin was very easy to spend online and tip to one another for essentially free, or free in most cases at the very beginning. However, these days it is becoming very expensive to send BTC and it is less viable as a currency and becoming more like an asset... |
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Because the world economy has been basing it's value off of FIAT money for generations Bitcoin can absolutely help the economical condition off all communities. With FIAT you can create fake debt, and that is what the Federal Reserve, a private organization, that controls the money supply of the USD exactly does, but with BTC no body owns the supply it is shared so you can build a solid economy this way.
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Reading this gave me a heart attack, and so I looked to see if the person was joking, but nope they actually want to invest their BTC in other things. This makes me want to cry. In 5 years that 12 BTC is going to be worth millions. In 10-15 years it'll be billions, and in roughly 30 years it'll be worth trillions because 1 BTC will be worth trillions by that time with all the debt it has to account for.
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My plan for the future with bitcoin is to be one full of btc. I want to be living with btc as much as possible by then. The good thing is it will be out of it's store of value stage and I can start spending them because they'll have reached almost it's true potential so I won't have a problem spending them then. Also, there will be a lot more business that accept it as a form of payment.
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FIAT is already worthless and that's why the BTC price is going that high. In fact, because there is so much debt in the world, I'm talking trillions, all of that has to be accounted for, so when all that debt, and people's wealth and assets are based on the BTC price which it will eventually will be because BTC will be the world's reserve currency by then, then we're going to see massive BTC prices thanks to worthless FIAT.
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That's what we are doing. There is a group of people that are trying the make Bitcoin great again and they are doing it at all costs, out of the goodness of their heart. In the beginning people were devoting their free time and effort into this, and if you truly understand the long term implications of something like this, then why wouldn't you? It's a no brainer, at least it was for me.
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My favorite altcoins are the ones with tons of privacy features and those are the ones that perform well. Like Zcash, Monero, and this new one I came across recently Groestlcoin GRS. I know it sounds funny but look up their code and their devs I've been following them for years and I should've bought in at the beginning of this year when I found out about it, but there weren't any exchanges I trusted listing it so I had to wait. Still worth getting it now though.
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My favorite altcoin by far is Groestlcoin. It is extremely privacy centric and just had lightning network implemented so there is huge potential for growth. It is only trading at 0.70 cents right now now if you buy a little now it could be worth a lot more. I've heard it is going to easily be a $10+ coin. The developers have a huge list of firsts when it comes to the coin so good things a comin'.
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Earning a living from altcoins is not something that will be feasible for long. Unless you sell all your alts for whatever they're worth now, and change them into BTC. Theeen you'll have a chance of earning a living just holding BTC. That is if you have enough in BTC to hold onto while you only sell a little bit here and a little bit there every year just to keep getting by until the lambo.
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Bitcoin does act like an investment coin yes. However, it is much more than that. It also acts as sound money but while money is transitioning from paper money and gold to Bitcoin, there will be a price increase in BTC because of this wealth transfer. Also the supply of bitcoins is becoming less and less so this is building pressure and I think we're starting to see signs of it starting to take off.
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Trading is just that yes. No matter what anyone tells you they do not have a guaranteed way to make you money. There are always factors you have to account for that may not always be something to worry about until it comes out of nowhere, like unexpected volume. No matter how many technical indicators, or what set of indicators you use there is no sure fire way.
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The good thing you can look forward to is that there will not be a complete overhaul on humans being replaced by AI in the workforce. The problem with AI is that if it is not programmed properly there is the threat that it can get hacked. Try selling a self-automated system that has the possibility of getting hacked. Think of the consequences of unsafe systems.
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SegWit2X is for the worst. It is a last-ditch attempt at taking over the Bitcoin network. Thing is the Bitcoin network can't be coerced, like past money has been. But some people in this world think they can make cryptocurrency political. However, you can't do that because no one owns or controls the Bitcoin network and it is completely decentralized therefore this attempted company takeover of the Bitcoin network will simply not happen.
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We can calculate an objective value for Bitcoin by looking at the natural progression of money. First money was just a subjective ledger. We used our heads to remember to keep track of debt. Then we used collectibles as an objective ledger by using whatever was scarce in the environment. It was also durable, divisible, transportable, recognizable, and fungible. Gold then became the first universal ledger and now BTC is the first immutable universal ledger.
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1Broker is the best exchange I have come across for trading bitcoins. However I would not suggest trading at all because there is high risk vs reward involved. I have been telling people for years to just invest in Bitcoin and you'll always profit at the end of the year. This year started around 1500USD and now it's pushed passed 7000USD and we're not even at Xmas.
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Why not? Bitcoin is based on science. It only makes sense that the community would want to crowdfund science-related projects!
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