Do you think that Bitcoin has become too slow to compete with the relatively quick alt coins out there? Is it realty competitive to have a slow community rather than a centralised decision making in development?
In other words, does the community effect of decentralisation enough to counterbalance the difficult decision making processes?
In my opinion, Bitcoin has been traveling fast ever since being made bitcoin, but late bitcoin is a bit slow for travel, but it's also not so left behind with altcoin for a while. Because other coins depend on bitcoin values. I think bitcoin remains king of coins |
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I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?
Of course, I believe that. Bitcoin will be as currency of the future. We will see bitcoin will dominate, and the best payment system in the future. |
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As a matter of fact, it is very few number of noobs in the cryptocurrency business that understand the level at which patience is required and valuable in the business. I do tell my friends around me that wish to come in to the business “it’s only patience ones that would feed from the milk of a lion” . I bought some coins few weeks ago, which I decided to hold while it was dipping but I keep holding with zero fear and absolute patience. Presently, i’m In over 47% profit in all. My advice to my colleagues is all you need is buy into coins with good potential and relax even while it’s at dip. Trust me, you won’t live to regret anything if only you would be able to hold with patience. Thanks
Patience is key, when the market is going down. donnot panic selling. you will lose alot, wait until the price is going up, you can sell it. |
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My friend just told me recently that he is leaving the bounty that we both joined last January. The ICO has been delayed many times and it is getting longer. He said that the longer the bounty period of an ICO, the fewer the coins that you will earn. So it is true based from your experience? Should I also leave or stay?
It depends your rank. But I think to participate bounty campaign is no risk and you can get alot income from it. It is not waste the time, but it must be patient to participate it. |
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The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
It is impossible, I think is very difficult for bitcoin to be used as a currency used by a country, because every country has own currency. Bitcoin is the higjh volatility, it is difficult be comes the country's currency. Maybe In the future it will happen. If the bitcoin is more stable. |
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Many people say that you should work hard if you want to succeed in life and rise to riches. I'd rather say that working hard will only make your boss richer, not yourself. On the other hand, there is an age-old adage which says that you should be working smarter, not harder. But working smarter is a vague idea, and I'm interested to hear what people have to say on this topic. As far as I'm concerned, I think that working smart comes down to creating environment where you will have more chances to meet Lady Luck smiling at you, where you will be able to hit a lucky strike because luck plays an ever-important role in our lives. For example, if you want to find a date to have a romantic relationship with or you are looking for a one-night stand only, you will go to a beach or a bar since your chances are higher there, right? The same approach seems to be applicable to work as well. In other words, stick around the places where your chances of success are the highest.
So share your opinions here, guys. What is your practical take on working smart?
I prefer working smart like invest in crypto or participate in bounty. You will get alot of income. I have did it. I thanks to crypto. |
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Hello guys, I have a friend who told me about BITCOIN MINING. What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume. I'm not even familiar with it , so I'm probably asking for advice on for those old miners. Electricity here in PH is so expensive. Do you have some tips and tricks? Thanks in advance guys !  I think, The mining equipment is very expensive, Mining is worth, If you're willing to wait until you recover your investment in buying hardwares, maintenance and electricity. Actually building mining rig is not for a simple investor because you really need a high amount of investment and patience as well. I prefer to participate in bounty campaign, it is no risk. |
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by David Drake
In 2017, Bitcoin recorded the most unprecedented gains, making it the most sought after cryptocurrency in the market. As a result, most people are buying Bitcoin for speculative purposes with the hope of cashing on price increases.
Having risen to a high of nearly $20,000 in mid December, Bitcoin experienced high volatility towards the end of 2017, raising the question of whether its price could plunge to below $10,000. But as HOQU's Co-Founder and CEO, Alex Shmonov notes, high volatility is nothing new to Bitcoin.
"The price of Bitcoin has always been very volatile even on fake news as many people buy this asset for the sake of speculation and profit. The reality is that the entire crypto market can flop by 90% and this will be normal. We saw this with Bitcoin before. But after some time and after the dust has settled, prices will return to new heights, because progress will go further and people will understand that the problems that caused the drop are resolved or almost solved," he says.
Even so, certain factors fuel the volatility of Bitcoin, and one such factor is government statements on cryptocurrency regulation. On Thursday 28th of December, 2017, Bitcoin prices plunged by the double digits following the announcement of fresh regulations in the world's third largest cryptocurrency market, South Korea. Going by the trend set by this southern peninsula, there’s no doubt that more price swings in the cryptocurrency market will follow.
"The volatility in the price action mirrors the uncertainty in world regulation. Each positive statement from a country or exchange sees a boost in the Bitcoin price, and each proposed clampdown produces a price drop. Changes in regulation is the key price driver for Bitcoin and that won’t change in 2018. I think price volatility will increase this year, this will not be a time for the faint hearted. Reduce your exposure to price volatility by diversifying a little of your portfolio - now," says Linda Leaney, CFO at Globcoin.
According to Marcus Vandea, CEO of Playfold, Bitcoin has a highly volatile nature. But even with its price swings, it’ll be hard for its value to drop below the $10,000 mark.
"High volatility will always be an intrinsic part of Bitcoin, with 30% shifts that always happened but are now more noticeable because of its high value. It’s difficult to believe that Bitcoin will plunge below $10000, as it is now more popular and desired than ever. But extreme value swings will keep happening and will keep discouraging the light hearted investors," he says.
Bitcoin braved the turbulence in 2017, increasing its value from $1000 in January to reach a high of $19,700 in early December, before closing the year at about $14,000.
Bitcoin is more volatility in 2018, I think it's just a crisis. it is normal. we will see the market demand is increasing, maybe at the nexy 4 months again. |
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Of course, Investing in bitcoin is advantages. You can get alot profits from it. I have did it. |
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Many bounty campaign give token..often token bounty has not been paid .. you already exist in the market .. after the price paid it down drastically ... if we hold the token .. later will be able to rise or even added down the price of token bounty
I think, It depends you. But I prefer to hold my bounty until the market will rise. I believe it will happen soon. In my opinion. |
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I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
I agree, A cryptocurrency with volatility cannt be used as money. If the crypto is more stable, I think it will be used as money. maybe in 2020 it will happen. |
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Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
I cannot imagine it, because it is impossible bitcoin as your prime currency. Every country has own currency, they want their currency exist. and I think in the future, there are several cryptos. |
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Why, until now, government all over the world still doesn't trust bitcoin?
The government all over the world still doesnot trust bitcoin, because The government cannot controll bitcoin over. They afraid the bitcoin will be used for illegal activities. It is my opinion. |
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What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
I think , There is nothing wrong for small business to receive bitcoin for the sale of goods but it should not be the exclusive currency of trade. But I think the small business is not ready to do that. It needs much money to sell crypto currency. |
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In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/He answers about cryptocurrency stating “The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.” He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities. I think it is just roumours, I dont believe the negative news about crypto. I have got alot benefit from it. I think soon the tokens will begin to play a role in many people's life and we will see broad adoption.Lets see. |
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Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
I think, The price will fluctuate less while the demand is balance with supplay. And the negative news is gone. Maybe , If the people have knowledge about advantages of bitcoin and the government accept bitcoin, it will happen. |
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It is good news, If the market demand is increasing, The price will rise. I hope it. |
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