Latest posts of: sandisunny

I will panic when the sale goes down below $5000,but in the interim now is still the best time to hold and not sell. Because there is a big possibility that the price will definitely hike, considering the demand for bitcoin will be more towards the end of the year.

I dont think there will likely be solution to exchange hacks, because most of the hackers are part of the system so even if developers proffer ways to stop it, the system will still be hacked. the hackers are part of the system already so they know the nitty gritty.

I believe the government is really scary with the way bitcoin came and dominated the market and if allowed it will actually put fiat money into extinction, now that's not what the government wants because that will be bad business for them. The government are actually making profits out of fiat because of the policies they put in place and even making it inaccessible for the masses. But from the way everybody is turning into cryto, it will just be business gone bad for the government.

Bitcoin has gained the cryptomarket ground that is why its predominant. Now the advantages of bitcoin outweighs the disadvantage and that is why proven to still be very much around the market even with its rise and fall in price. People are more comfortable with bitcoin because they know the nitty gritty around it but this other coins are just new in the market, the fact that they have bitcoin attached to their name doesn't make it bitcoin. Bitcoin will still always be predominant amongst other folks because it has proven the test of time.

I must say the predictions of the expert are correct. Bitcoin will most likely increase in value towards the end of the because the demand will high considering it will be a festive season. But nonetheless i wont be surprise if it increase anytime soon, i mean even with the current drawback in price its still standing tall in the cryptomarket.

what if you lost the two phones? Basically i think phones or systems are not always the best way to store your data. You can print it out on a hard copy and store in the bank or any other place you know it wont get stolen or crashed.
Am of the opinion that you can also store in your email address, encrypting with a number or alphabet only you can detect so that even when scammers or fraudsters get hold of they cant not decrypt it. Th email address helps you get access to it whenever and wherever yo need it.

I believe what scares people mostly away from in vesting in bitcoin is largely based on the global acceptability of bitcoin. Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked.
Another reason is that Wallets Can Be Lost. If a hard drive crashes, or a virus corrupts data , and the wallet file is corrupted, Bitcoins have essentially been “lost”. There is nothing that can done to recover it. These coins will be forever orphaned in the system. This can bankrupt a wealthy Bitcoin investor within seconds with no way form of recovery. The coins the investor owned will also be permanently orphaned. Also the prize is not always stable and this can also cause a leap in profit.

Crypto is actually for risk takers and not for the faint heart. Life in general is a risk but then if you must eat the dividend out of any venture you must be able to take the risk. its too risky not to take a risk but while doing that, one must check or weigh the options before taking any risk.

Quote from: Mister.Coinlover on June 14, 2018, 07:20:14 AM

Hey guys,

I need the swarm-intelligence. Currently, I am writing my master thesis about how central banks currently work and if cryptocurrencies as private money and a potential replacement to fiat money may or may not become a threat to the central bank´s ability to operate since their control about the amount of fiat money in circulation is one of their most important instruments to operate. Therfore I am in need of qualitive good articles (or even scholars) that target this or related topics.

Every hint will be much appreciated. Thanks!

Cryptocurrencies being used as a replacement is going to greatly affect the government and also the poor masses. Lets look at how the banks work for example, the central bank needs fiat money or paper money as the case may be to give out loan to their customers and sometimes trade with it and the central bank also control the circulation of fiat money since the system is centralized. Cryptocurrencies price are not stable, they sometimes are inflated or deflated, now this is so because the system is decentralized and not being control by the central bank or government but by the demand from people, now which bank wants to give out loan or trade in an uncertain environment? definitely no bank. So cryptocurrency taken over fiat money will definitely pose a threat to the bank or government at large because they can't control the circulation.

If USD falls it sure will affect bitcoin. Bitcoin is largely dependent on USD because most country transacts with the USD. But on a second note it might just be a chance for other currency to emerge, but on till then bitcoin will definitely drop if the USD falls.

Quote from: nicktalman93 on June 11, 2018, 05:46:08 PM

"Bitcoin price might have taken a fall, but if we take a look at the long-term price analysis, things aren’t that drastic or unique. The market is just alright as even tweeted by John McAfee."

https://coingape.com/bitcoin-price-falls-amidst-bear-market/

Yea i quiet agree with you the market is just alright, it didn't drop more than expected and besides its just for this period. Bitcoin will most definitely rise any time soon, there is a drop in price simply because the demand is not high at the moment, but towards the festive season, it will sure rise.

Gold and silver are safe and yield more interest than bank deposits reason been that they don't depreciate or loose value, most people always want cold or silver in most occasions. But when it comes to bank deposit, bank policies or government policies can affect the interest rate pa, the rate can either increase or decrease and this can make you loose some money. Investing in cold or silver is far more better.

Bitcoin generally affects the price of other coins because most coins are dependent on it even ethereum. The price ethereum has falling also. The demand for bitcoin is not high at d moment but that not withstanding now is the best time to buy bitcoin or ethereum.

Bitcoin will help economy if and only if the government buys into the whole idea of "cryptocurrency" because bitcoin is already a threat to the government, that is why they put policies in place to try to stop it but then it has not been effective. And still the economy active poor will still not benefit from it.

There will definitely be a double in value on bitcoin towards the end of the year because the demand will be high then since its a festive season and most people will want to go on vacation and also do some shopping online and bitcoin happens to be the safest and most secured coin when it comes to online transactions. So because of the demand will be high the value will also increase.