Bitcoin has not received broad support in the public environment, and many regulators do not accept it, since it is difficult to regulate and control the crypto currency.
In my opinion, the media does not give support to the idea of investments that has a chance to increase value in a quick span of time. Although it is possible, I think the media does not encourage the public to invest in Bitcoin because its value could also crash, and could get those media to be blamed. |
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This two option of investment is both good and risky, but in banks you can earn just a small percentage from you investment even in a very long years, whereas in bitcoin it maybe your investment fold into multiple times even in a short period of time, but it is depend on the investor on which he is prepared to invest.
The statement makes Bitcoin more risky than banks. Volatility has been Bitcoin's advantage over other investments, however, this this has been its disadvantage for the reason that Bitcoin could not guarantee a huge gain as time passes. |
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I'll never sell my stuff or anything that i have just to buy bitcoin because there are a lot of ways to earn bitcoin just give all your effort and time to understand all about on how to earn bitcoin.
I think it will not be practical to sell your properties and/or assets just to get yourself Bitcoin. I agree that there are various ways and platforms to earn cryptocurrencies, and trade for Bitcoin. |
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I feel like the strategy that always works is investing some money into different cryptocurrencies or platforms, so that you have multiple sources of income in case you fail with one of those investments.
I do not know your priorities but I suggest that you split your cash and invest them into different ways. I agree that you will earn in various ways through this for the reason that you have not just one source of income, so when one is falling, you still have your other investments to hold onto. |
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Predictions and speculations are based on events, news and past occurrences and their is no certainty regarding the outcome. The only thing I can say, is that things are fast evolving and crypto currency is part of that evolvement - which is why I believe in its future.
I agree for the reason that cryptocurrencies will become a part of a man's life in the future. The demand for different cryptocurrencies grow as time goes on. In my opinion, I think that it will become a mode of payment for different transactions due to the reason that a huge number of people will use it, and as I said, become a part of their lives. |
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I think this does not happen at all. Maybe in the future the price of the altcoin will boom over now. Today is the best time for us to invest in them. Nowadays, they are quite low. So be wise to make wise decisions.
Cryptocurrencies will always face some challenges and this is the worst of them. It could be possible once it has lost its users and investors. It will crash to zero once the moment of useless has come. Competency with other cryptos might also be a factor because you can only serve 1 master. The crypto that has the least users might experience this effect. In my opinion, it could possibly happen because the market exists. It is the Law of Supply and Demand that dictates the price of cryptocurrency, whether rising or falling. Without the demand from people, some cryptocurrencies eventually might crash to zero. |
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You have to have the right mindset too. And always keep this in mind: INVEST TO LOSE. Don’t gamble an amount of money you’re not ready to lose.
I think it's more on INVEST TO MAKE PROFIT.Do not just go on investing without prior information about your chosen coin.This will lead to failure if you have made a wrong decision.And since crypto investment is full of risk,so take things one at a time and start with a small amount which you can afford to lose. I agree. You should not irresponsibly just commit your money into something that you know a little, or nothing about. You invest because you desire to earn profit when the time comes. There will always be risks that will hinder along the way so it is better to be ready by understanding what you want to invest into so you could avoid possible losses. |
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Pretty sure that a lot of people here actually spend more than 8 hours a day just working with cryptocurrency, it IS a job for most people, just like people are full time day traders, stock brokers and salesmen. Bitcoin is an industry now, and as such it's only to going to see more and more people flocking to it as their main source of income. I wouldn't call working 8 hours+ per day lazy.
He has a point. In my opinion, finding a stable job, and getting a job that pays a salary is also important for the reason that it could provide an extra income for a person who has bills to pay. However, time changes and people's demand changes as well. There are people who gains profit through the cryptocurrency so mocking them might be a little disrespecting. |
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this will only be possible if we restructure the banking system or the bitcoins infrastructure. bitcoins is supposed to be anonymous and this will be a huge challenge for any bank because by the nature of their setup banks will need to know who is transferring or doing a particular transaction and what we refer to as KYC (know your customer) information. The privacy is what attracts a number of individuals who need this anonymous status and so even if banks were to eventually offer deposits we would need to furnish them with information thereby destroying the bitcoin one address to another without having to endure any question and answer session, so if this were to become possible then eighter side would have to make drastic changes which would remake/change the face of their institution.
Eventually, I think that Bitcoin will be allowed by banks for deposit transactions. Bank owners are smart enough to know that they might lose if they compete against a system that is being known worldwide. Somehow, they will find a method in order to make the banks and cryptocurrencies become a part of each other. |
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basically it all comes down to supply and demand. what affects those though is a whole mess of things from the news to other markets economys and all kinds of stuff. basically anything that is remotely connected to btc will affect the price .
I agree to this one, of all the answers. I also think that price varies directly from the law of supply and demand. It is the people that affect the price of Bitcoin. Every day, more people join and get involved into it, while the supply is very limited. That causes the changes that is happening to the value of Bitcoin over time. |
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I think bitcoin is hard for those who do not know much about technology. This is a technology investment market, and this is hard for farmers not to know much about computer technology.
I agree with what you said. It is actually hard to understand something you have no background at all. There are existing pages, including this forum, where people could start reading and understand concepts about Bitcoin, so their understanding could be less complicated. It might be difficult at the start due to the new technical terminologies but there are people willing to answer questions here. |
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Since bitcoin is a decentralised currency,there is no authorised body to control its price and hence it's price is decided by the market conditions.
I agree. Since Bitcoin is not regulated by the government, the value will always change. With more people getting to want Bitcoin, the very limited supply gets a higher demand over time. That causes the value of Bitcoin to change often. |
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Initially, it was difficult to explain Cryptocurrency to others who initially had not known about Cryptocurrency before.
As they slowly explain to them, they understand for a long time and are interested in learning Cryptocurrency.
To explain Cryptocurrency to others does require patience do not easily get angry if others we explain not understand.
To be honest, no one, of all the people I have talk to, has understood the concept of cryptocurrency when I introduced it to them. They automatically think that cryptocurrency is a scam, since it is done in the internet. Perhaps, if I show them a few percentage of the fruit of my labor, then they would believe. |
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Nobody can say for sure, but I believe that bitcoin will not only continue to grow, but it will be able to exceed the previous maximum several times!
Yes, its all unpredictable but the advancement of world's technology will make some changes of how people live including financial system so I believe that the rise of crypto currency is the rise of bitcoin and there is a great chances that bitcoin will be the universal currency in next of our future generation. It may be unpredictable, but considering the fact that there are now more people getting involved in cryptocurrencies, we could say that Bitcoin will surely still rise. The demand for it will keep on getting higher so it's value will keep on increasing as well. |
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I think it depends on the decision of each person. Our decision will be different. Depending on how we analyze the market. But if I think that the market price is above the purchase price is better sold directly. we wait too long to get a bigger profit I'm worried the market price will fall lower again. If that happens then we have to wait longer until the market price is normal again. And I do not want to take risks so once the market price is above the purchase price, then that's when the right time to sell the coins I have.
The answer to this, in my opinion, is not in unit of time. Wait until you have gotten the profit based from the goals you have made. No one knows when and how much coins change their value in the future, so just wait and be patient. |
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I was involved on cryptocurrency because of my friends that is into this kind of industry. Few get involved in crptocurrency because they want to know how it works. Most of people here finds cryptocurrency as a big opportunity in life. Few get involved in crptocurrency because they want to know how it works.
I got involved in Crytocurrency because of my friends in college. They encouraged me to do it as well for the reason that it is another way to earn extra income. At first, I was really doubting because I was afraid of being scammed but after I saw them earn their profits, I became curious so I wanted to get involved. |
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I am new to cryptocurreny ,I am thinking of investing like 200$ into bitcoin but seeing the downfall in it should I go for the investment for a good future roi
If you are new in bitcoin, it is not a good time to buy it because the price is high. Wait for the prices to decrease and by then you can buy some. 200$ is a great deal of money. If you are really serious in investing it to bitcoin, may advice is that you study first the movement of bitcoin prices, take online courses in terms of trading and investing so that you can educate yourself well while waiting for the right time to buy some coins. Buy Bitcoin when it's price is cheap so your $200.00 will be worth it. I agree that you take your time to understand some of the most important concepts while waiting. Also, keep asking for help if you are in doubt. |
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Bitcoin started the cryptocurrency industry in the world so why are we questioning it's power to survive in the world it created? Most countries may not be entertaining bitcoin that much but we can say that bitcoin is popular to most of the people in the world. And I believe that if people will still entertain bitcoin, there will be a long chance of it to survive even it has lack of attention from the government.
As long as there is a demand, it will keep on existing. Bitcoin's existence depends on people and their demands. As long as people purchase or do any means of transaction through Bitcoin, it will never be gone. |
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i bet it is, because if you're going for long time investment bitcoin is one of the best choice. maybe about 2 - 3 years investment in bitcoin will give you a good profit.
Investing in bitcoin is a good choice cause you earn unlimited income. Investing in long term is a best choice cause in this kind of investment it give you good profit, cause the value of bitcoin is continues increasing so your investment will be grow in high profitable income to make your future become successful and financially stable. It really is a good investment. However, it does not give you a guarantee to always gain. There will be times where it's value is low so you'll have losses too. Just be patient because there will always be risks. |
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i have been thinking bitcoin cannot last forever..............i need you guys opinion if what im thinking is right.
No one will know for how long it would exist. It might be today or tomorrow, perhaps the other day next year or some other year. There is an endless possibility here in cryptocurrency. We can't really tell for how long it would exist but i do believe that we should make the most of it. |
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