Well bitcoin is really digitalized and also being mined through a peer to peer network. If bitcoin becomes globally accepted by countries then there's a possibility that it will surpass gold in terms of price value. But honestly it doesn't need to surpass anything because both platforms has it's pros and cons and can be use to help each others growth.
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The current price is at 7000 approximate if you've bought bitcoin price at 7700 maybe your still holding. The price is really hard to predict when a huge correction happened no one foresaw a huge drop of price i even got stuck and still holding waiting for the price to rise. But there are indications that the price will have a bullish run so better be patient.
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Maybe you should reconsider when your going to try investing your life savings in something like mining and buying mining hardware's because ive heard that mining crypto's like ETH and BTC are less profitable and much more costly because of the bills and the revenue you get is isn't enough due to increase difficulty.
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ICO is slowly losing popularity these days because it has nothing to offer and most of them are purely ponzi scheme's shit projects started by people who is non existent. Created for the purpose of stealing people's money because some of us dont bother doing some research in investing their money.
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This guy is surely regretting the decision he has made. Like they say patience is virtue and good things will happen especially if you've invested money on a futuristic technology that will change the world of payment and transactions. Bitcoin is a very volatile currency and it tends to decrease or increase in just a short amount of time.
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Coinbase is not the site to go when you want to buy or sell bitcoins or if you want to convert your BTC's to another crypto currency cause they have some issues of missing funds of some of their users and some unknown transactions without the users notice. Best site for trading is binance and bittrex.
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This merit system is to determine the quality of post and avoid spam it also a tool to rank up but sometimes those merit can be abused by selling them and also by the bias merit provider that is the DT members. Cause when you give merit to someone they might report your account or put some red flag. So basically adding merit to someone is impossible.
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Investment has its pros and cons of course if you haven't done your own research about that investment and just buy random things without even considering reading it's fundementals, if there is a good team behinf it or real CEO, if it's gaining new projects and investors and market revenue. Those are the things that is needed to make your investment successful.
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Yes ive converted my fiat to bitcoin already cause the market is indicating green days is coming from technical analysis and ive read some news about bitcoin's fundementals that is gaining more popularity and new projects and investors are also coming in. The best decision right now is to buy more while the price is cheap.
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If you've already decided then why change your mind i think ETH has good fundementals despite it's bearish market that is controlled by some whales, it's still gaining new projects and investors taking place. I suggest buying in the dips because it will surely to recover or diversify your investment to btc.
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Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.
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That's how the crypto market goes the btc price controls all the other altcoins in the market. That's why it's easy to predict when altcoins are going down you just have to look at bitcoin price if it's in an uptrend or downtrend. And this is why altcoins would never surpass bitcoin as long it's depending on btc price.
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Agreed there's no point panicking in this major correction that is currently happening because last year bitcoin has been in a bullish run and surely everyone gain from it. Now that crypto market is experiencing a little bit of a storm of short comings everyone else panics and quickly loses faith in it. Thinking it will not recover again but that is their mistake.
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There are many competitors of crypto currency so it's not a surprise if there are destructive criticism about it and some are spreading fake news in order to manipulate the price and causing an FUD to investors and traders. But if you truly believe in the potential of crypto currency these FUD news is irrelevant and instead buy more in the dips.
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Yeah as if we all have some talent like painting or doing graffiti and this type of earning crypto currency is only effective in well develop countries like in the first world but not in the third world especially in poor countries because most people doesn't have gadgets like smartphones or internet to scan for QR code.
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If you know what you've invested in then you'll know that it has great potential and a futuristic technology that might be used as a mainstream payment for goods and services. We all know that bitcoin is in a temporary huge price correction that it will soon cease and will soon recover. So buy more in the dips instead of panicking.
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I dont like diversifying my investment because you'll only gain a little from it i like investing my money as a whole so you can have big returns. But if i have the funds to invest i'll invest it in two strong currencies with good fundementals and still progressing and gaining revenue overtime that is BTC and ETH.
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This is why bitcoin is favorable as an investment because it's free from regulations or government control. And it's much more profitable than fiat or gold investment cause of it's volatility that will not make your money stagnant and will have immediate returns. Also it's much more convenient as payment then moving your gold physically.
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Seriously im sick of this news of china trying to scare people with banning ICO's and crypto currencies from their country they've done this move a thousand times already no one is buying it. With so many bans in just a year why is it that their still one of the largest miners of crypto's in the world ? They'll only embarrass themselves not knowing that they can't control digital currency.
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Whales aren't withdrawing their just trying to bring the price lower so they can buy and reinvest. There are even price manipulation that is happening in exchanges and cover ups like hacks but the truth is the data breaches is not enough to explain why the price is dumping in a large amount.
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