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I think its a good idea try to invest your capital on coins that have already been in the market for a while. You can try trading them to get more profit out of it.
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If the bitcoin stabled its price then it will lose a lot of traders and investors. Because bitcoin will not be much profitable anymore. Although it will encourage businesses to use bitcoin as payment process, it will surely strip down a lot of investors.
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I think it already is. Bitcoin is now famous, more investors are coming in. The price is very high, it even surpassed the market value of gold so I think it is considered as a currency of the new era.
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You need to study and read a lot. In the beginners section you can find thread that will help you out understanding things in this forum and on bitcoin.
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Better to study first if the alts you are holding will grow in the future. Focusing your all your investment on bitcoin is high risk, even if the price will reach 20k.
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What is the point in renting from nice hash and miningrigrentals.com? My calculations seem to indicate that those are all breakeven( or very nearly) opportunities.
I don't think renting to a miner is not much profitable than mining your own. Also, its better to mine using your own mining rig at least you have what you invested and not just by waiting small profit from renting. |
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Social media is a great marketing tool. I guess it will depend on how it will be used for. Its a great way to reach more people and some uses it to sometimes manipulate the mind of the people, in that way it is considered as a bad way.
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The reason people use bitcoin is: the payment process is faster, the transaction cost is cheaper even can be free, no chargebacks and the best thing is others will not know our payment transaction information. So far, that's all I know.
Right now, I don't think its a good idea to use bitcoin for payments. The price is very high and transaction is very slow. More like bitcoin is just for investment purposes right now. |
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The biggest advantage other currencies have over Bitcoin, in my opinion, is adaptability. Who knows what kind of advancements are coming in the next 10-20 years? Maybe many, maybe none. Don't you consider the possibility that Bitcoin might be obsolete, or at least technologically many years behind some other coins, by then?
Yes, the technology behind bitcoin is I think obsolete and needs some improvement. But still I don't think that it will be ever replaced by any other coins in the market. In my opinion, alts no matter how good they are will always rely on bitcoin. |
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Yeah, I think we cannot deny that problem anymore. I think an immediate solutions to this problem should be done or else investors will fade in bitcoin.
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I don't think its possible. You can either convert your bitcoin to fiat, then donate it to the poor and needy. But donating Bitcoin directly is not possible, how would even they know how to use it.
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Some of altcoin will survive for sure because they have potential to grow in future! But I doubt that bitcoin can ever crash and I really believe that Bitcoin will reach $20k again soon and will rise even higher in the future!
Do think they could possible survive? No matter how many potentials they have. When bitcoins crashes, it will lead altcoins to crash too. |
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My point of view for this is basically about physical money. I think cash is better than bitcoin in the sense when bitcoin is converted into cash. Most people use or enjoy bitcoin when it is converted into its local currency equivalent. Well of course it is so evident that we are still did not adopt the bitcoin in our daily expenses or needs. We still use cash or our local currencies. However, most of it are fruits of bitcoin.
Yeah right, the reason why we invested in bitcoin is to have more cash in hand at the end of our investment. I can't argue more on that, really the reason why we are into bitcoin is because of the cash we get at the end. |
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Currently, the price of all Altcoins are highly dependent on the BTC price, meaning if BTC drops significantly, all Altcoins will drop, too.
However, the BTC domination is as low as ever. Thus, a lot of money is flowing from BTC to Altcoins and the significance of altcoins is increasing.
Yeah, correct. It is because BTC is not suitable for small transactions. BTC has been encountering problems right now, like high fees and slow transaction process. |
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You are right, nothing wrong with your statement. for sure must people depend on bitcoin, they buy when the price is going up and sell when it is going down. and so, people normally do the same for altcoins. they buy when bitcoin is up and dump when it is going down. Maybe in the future altcoins will be strong enough to stand on their own even when bitcoin is going down.
I don't think it will happen in the near future. No other altcoins will have the opportunity to do that. Its simply without the head the body will be useless. |
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It will still depend on your current situation. If you think bitcoin is enough to sustain your daily living then, why not? There are more to do in bitcoins and some of them needs time and dedication to do where your attention should not be divided.
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Can't you see when bitcoins price in the market moves, so does the prices of other Altcoins? If somewhat bitcoin will subside to zero, then I think altcoins will not survive.
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I will be doing both. I will spend some and save some. What the use of our earnings in bitcoin if we are not going to use it? Better to have something for yourself from what you have earned.
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Yeah, altcoin just depends on bitcoin. Without bitcoin or for some reason bitcoin will crash, it will surely crash all other coins in the crypto world.
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Right now Cash is still better than Bitcoin in many ways. One of them is transacting through cash is easy, fast, and lower fees than on bitcoins. Better to have cash nowadays than bitcoin. Bitcoin is just for investing.
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