Blockchain technology is of no doubt going to take the world with time because of its speed and simplicity. It is super -fast and dynamic, why won't any commercial bank want an exercise that is seamless inorder to serve customers better. |
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First of all, bitcoin is not a dead project, despite its influence on other altcoins, I don't see it bringing them down. Whatever is happening right now is normal and there is no reason to panic.
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in 2013, the bitcoin condition that affected the value of bitcoin was very good, Germany legalized bitcoin and considered "private money", zipzap services increased the volume of bitcoin for 2014, 12000 restaurants in US received transactions using bitcoin, and ebay also received services for bitcoin transactions.
and that is a positive condition that can make bitcoin have a higher value, and in reality, bitcoin creates graphics better than in 2012.
and today, we see that many positive conditions, but do not affect bitcoin to create bullish, what happens with bitcoin?
It's normal to say what happened in year 2013 can still repeat itself in year 2018. Bitcoin Is a decentralized peer-to-peer cryptocurrency and it's highly volatile, there some unforeseen circumstances are bound to happen as a result of this. |
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I don't think bitcoin need re-branding, but as for bad reputation generated by press circulating all over the internet and news papers, all of this needs to be corrected so that people can start to build back their confidence and start investing.
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The price of bitcoin has not shown any significant rise or drop for almost two months now. What do you think could be the cause. Or do you think at long last bitcoin is going to be stable.
I'm not sure it can become stable, if it does then fiat currency will be dead automatically or gradually. Usually the fall in price shouldn't be a panic as its normal looking back at its history over the years. When there is a bull, a bear is inevitable. |
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I'm not even joking:  The sharp fall in the price of bitcoin is unprecedented and cannot be prevented or predictable. But I'm sure it will still bounce back to a very good level. Taking for instance the price of 1 bitcoin November last year till it reached 20k. Therefore impossibility is an understatement. |
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Bitcoin is better than any other choice of payment because, it is decentralised, fast and easy to use, the technology is seamless and it is fast becoming adoptable. Bitcoin payment doesn't require any form of paper documentation, it's pure digital and this makes it orderly.
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The truth is, alot of selfish interest is attached when we talk about cryptocurrency and commercial banks. Commercial Banks are trying to ensure that people continue to patronize them and be able to transact majorly with fiat currency. However, most people seen the advancement of the blockchain technology will prefer a more seamless transactions to a tedious one. Therefore the importance of bitcoin generally cannot be overemphasized.
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Yes it should be done, although it's has its advantages and disadvantages, advantages includes : all transactions will be monitored, kyc will be taken seriously, anti-money laundering will be put in place, and so on. But the disadvantages includes, intrusion to one's personal affairs as well as transactions and so on. But if regulation is the key to its acceptability, then, so be it.
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There use to be so many of such games before, example is gambit. Many of the available ones this days are the faucet and some of them no longer pays. You might be lucky to get some few paying ones too.
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how do I generate my private key for twist please, I got the address already, but couldn't locate the private key inorder to import it on the wallet. |
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Did I get you right that you want to invest your life savings on cryptocurrency Mining? Please don't embark on what you may end up regretting. You may not recover your investment at all and this will affect you adversely. As at now, bitcoin and ethereum mining is a no for me.
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Firstly, note that it is not advisable to leave your cryptocurrency on any exchanges for long regardless of the perceived level of security. They may be hacked. What I do mainly is to check the review of the exchange from users. I get a lot of feedbacks doing this. All I need to know about security, customer care etc will be revealed.
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You seem to have a very sound investment knowledge to have invested only the amount of money you could afford to lose. Bitcoin first and ethereum second will be my suggestion. You can then look for three other projects with working products and are already listed on reputable exchanges.
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Truly, there are several copy and paste exchanges emerging nowadays. No original idea but primarily aimed at cheating their customers. We are still going to witness more exchanges emerge as time goes on because the cryptocurrency world is getting bigger. Some exchanges will naturally die due to reputations issue.
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You advice is sincerely appreciated. Hardware wallet is the option if you don't want to play into the hands of hackers who are always looking for vulnerable people. It is at a cost but doing so can save you a lot of agony in future. Get one today.
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I agree totally with you. Greed is the main problem of the majority of people in the cryptocurrency market. They want to invest their life savings on a very risky business simply because of the tendency to make outrageous profit. There will be no panic if people avoided greed in the first place.
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This may not really happen but if it does, then it won't be anything to worry about because a government's cryptocurrency cannot be fully decentralized which will still contradict the motive behind the development of bitcoin. Such development will not affect bitcoin in any way.
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If the bankers and governments hold 90% of bitcoin, then it will be easy for them to kill bitcoin completely and they would have done that already but I don't think that can be possible because so many individuals hold quite a number of bitcoin.
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