Show Posts
|
Pages: « 1 [2] 3 »
|
Riskiness is an indispensable factor of any investment, and the merit for riskiness is profit. Daring decision in the right time is necessary. Bitcoin is for risk takers, not for a big-baby investor. I think the downtrend of Bitcoin is a good period to remove waving and coward investors who don't have real trust in Bitcoin. When Bitcoin recovers, they'll realize that they did miss the boat.
|
|
|
The stock markets have been there for decades whereas Bitcoin first appeared in 2008. The stock markets are regulated by governments, therefore being more stable and earning more trust from investors. Bitcoin, in contrast, has in its infancy stage without regulations or legal grounds from financial authorities. The price of Bitcoin, thus, is much more volatile and its market cap is more highly variable.
|
|
|
Many investors are only bandwagons or waving investors. They don't have neither real trust in or thorough knowledge about Bitcoin, therefore partly contributing to Bitcoin's downfall. They invest in Bitcoin probaly because of the FOMO ( Fear of Missing Out). When Bitcoin are cheap, they immediately sell it in panic, making the market gloomier. When Bitcoin bounces up, I'm sure they'll feel missed the boat!
|
|
|
The fees of Bitcoin transaction is extremely low compared to conventional methods of moving money. It's definitely quicker in international transaction, as well. While Bitcoin transactions are generally confirmed with an hour, international wire transfers can take from a few days to more than a week.
|
|
|
Bitcoin was created to promote a cashless society. It's Bitcoin's main mission. If we change it form into paper notes, then Bitcoin will be against it original mission. Plus, if it has physical form, how can it be different from available currency? And one more problem posed is who will be in charge of issuing Bitcoin?
|
|
|
It has had an enormous impact over financial market and society. Many invest money in it to earn profits, therefore redistributing the capitals. Bitcoin was invented as a new method of payment, thus facilitating domestic and especially, international commerce.
|
|
|
Blockchain is an encrypted database of agreements. It serves as a bookkeeping platform or ledger that is incorruptible, enforces transparency, and bypasses censorship.
|
|
|
To get you a clearer idea about this, I'll show you the two definitions: - A blockchain is a digitialzed, decentralized, public ledger of all cryptocurrency transactions. - Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments The relation between the two is that, the Blockchain technology is the backbone of Bitcoin and without the Blockchain Technology, Bitcoin wouldn't exist.
|
|
|
I don't think you should stay off all of the predictions. In fact, predictions play an important role. Investors in stock market have to read such articles to consider what they should be going to do next. The predictions from reliable sources may be wrong but it's still helpful. The problem is what sources you choose to consult, and to what extent you should listen to them.
|
|
|
In general, over the past 6 months, Bitcoin has drastically dropped in value. Although it had a small recovery one week ago, it has kept plunged in price after that. I haven't seen any signals showing that it recovers, not to mention that it can surpass last year peak or not.
|
|
|
Yes. I think so. More regulations are needed so that Bitcoin becomes safer to invest and Bitcoin can be properly used. And the trust of investors in Bitcoin will be enforced. Currently, due to the slack regulations of cryptomarket, frauds and crimes have chances to happen. So I think more regulations are necessary.
|
|
|
No. Bitcoin high volatility hampers it from being a reliable methods of payment. Therefore fiat money is still needed and transactions provided by banks are still indispensible. Also, I don't think governments are willing to replace the money the Central Bank issue by an infancy cryptocurrency like Bitcoin
|
|
|
No. I don't think that will happen. Now the Bitcoin legitimacy hasn't been clear. We still haven't had any idea whether the government will ban Bitcoin or not. So banks, which are under the control of the Central bank, are far from accepting Bitcoin as a deposit.
|
|
|
Bitcoin's better off being an asset. Being an asset allows it to follow the demand and supply rules, and not be manipulated by governments. It's good news, I think.
|
|
|
Crimes can convert anything of value, inluding illicit money, into Bitcoin by bartering or buying them. They can buy a large amount of Bitcoin, then transmit Bitcoins offshore and exchange Bitcoins for illegal goods and services like drugs.
|
|
|
|