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Blockchain is distributed ledger based technology which is more secure and trusted than any other technology, It is faster, open source no need special permission to come into blockchain world. There are many applications where blockchain can be used for i.e. financial institutions, Dapps, supply chain and logistics and many more. wide number of application.
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Investors are really looking for opportunity where they can convert investment into great return that's why they move cryptocurrency. whether there is high risk but return can far more then any other investment. Currently price is on down the line so new people can come into the crypto market.
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I don't think physical form of any asset is not safe because there is always threat to theft. If you store money in bank so you will have security because banks are centralised institution and their responsibility to secure you money if any fraud happen they are liable to pay you your money according to law.
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Actually prediction is not possible in crypto market but I can give some extent of making profit if you follow following steps.
First of all make an account on exchange which is quite popular among others like binance, houbi etc ... When you wake up on morning first of all check coin which is one highest volume and invest in that coin than you have to wait till afternoon than sell it.
I usually do it yesterday i made 1000 USD profit from binance.
one of the coin went on 130% in just 4 hours. I invested 950$ into that coin and made profit from investment.
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Investment is the second name of risk buddy, whether you invested in stock or crypto market. crypto market is more risky because of decentralised and bullish, bearish market but it can give to multiple times of return.
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Yes it is obvious, I was started crypto journey as a bounty Hunter but after certain time i actually invested in one ICO. It is all depend on the project type and whether project is legiit or not.
At the one we can say bounty hunter can investors also if they find any project with strong product or service.
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People moan because of price of bitcoin at lowest (around 6400 USD). Only those people moan who were get into crypto world around end of 2017 or Early 2018 because price were about to 14000 USD per bitcoin.
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If Indian govt. recognize crypto as a commodity than it will new startup to start their own ICO for raise funds from cryptocurrency, in directly it will contribute into GDP because people will get income, work from it. One more important thing govt. can earn billions of dollars taxes from crypto currency traders.
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Crypto wallet is very very difficult to hack as of now, I have been using crypto wallet since two years but i have seen any phishing attack by someone.
I have seen phishing attack on exchange wallet many times. Wallet with private key, keystone file will really not hacked by someone because only you have the access to particular wallet.
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I don't know what RBI actually want, we as a crypto enthusiast want to pay tax if they want, Country like Japan regulate crypto and you can see their economy is far better than India. I think RBI has to think about the regulation for crypto once more otherwise we will leave behind the world because world is now about grow with digital money. why we can't !!!
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I think financial crisis is on the way because many big countries are like to do trade war with each other. due to trade war we have seen many south asian countries loss its currency value, you can take example of Indian rupee, It losses more than 8% value against USD and similarly other countries do so.
I think all nations have to work together so that every one can grow together. we should play fair play with each other.
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Dominance --- If in future Bitcoin dominance decrease than it may effect bitcoin price.
Popularity -- Popularity is directly means demand and supply here economics function valid when demand is less and supply is high. it will effect price of commodity or currency.
External Environment -- It is included Govt. and Central bank regulation.
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KYC means Know your customers, As we know in some countries participation in ICO is not legal but citizen from these countries still participated in ICO for their earning purpose but this is illegal for them, So Most of ICO written in legal document that x,y,z countries citizens are not allowed to participate in ICO That's why to identify that people company go for do KYC.
KYC is also tell the ICO company that from which country they are getting more fund so they can do future plan accordingly.
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Price drop will lead to panic selling in the market and people gets demotivated about cryptocurrency. Maybe new investors will be started get away from investment in crypto , they may be gone to some other centralized investment such as stock market or other like forex. as forex market in similar like crypto now a days USD price will rise like beast.
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ETH is better than bch because of it is open source algorithm, Many DApps can be intergrated in Ehereum network and you can see ETH is currency which is famous after bitcoin and it is one the oldest currency also, BCH is just created last year so we can say that ETH is better than BCH .
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#proof of authentication
Bitcointalk Username: jatin729
Telegram Username: @jatin729
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Yeh i really missed that moment i really wanted to buy atleast 10 ETH but due to lack of funds i was not able to. If i was able to invest than i would have profit more than 300 usd in a day. so It is right time to invest into ETH because price is really low if compared with history.
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Cryptocurrency is really a controversial topic now a days because govt. across the world try to regulate or ban crypto. It is mix of good and bad news,like few days ago ETF got rejected and directly it was made effect of price of Crypto. One more thing in india battle is ongoing between central bank and exchanges regarding regulation for trading.
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Smartphone is just for personal use only, you can't even think about mining on smartphone because technology is not made up for mining crypto currency.
Mining needs power and hardware that can handle the algorithms to solve complex mathematical hashes. It is not possible for smartphone at the moment but for future we can't say nothing.
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