If the government still doesn't know how to put down all cryptocurrencies(or maybe they're still figuring how to tax users), why wouldn't they create an exchange and get some profit from it? We know how B.S some exchanges are, they needed KYC but in the end, you won't be able to withdraw your funds. Instead of spreading FUD, I hope government from all over the world knows that running an exchange can add funds for their country, and their pockets!  I know it will be making cryptos centralized but look at those exchanges asking for our pretty faces and names just for their KYC/AML purposes. Governments are likely very cautious about cryptocurrencies due to the anonymous aspect of it. There have been claims of ties between bitcoin and terrorist groups, so just by that piece of information alone, it seems like governments will and should be a little more cautious when they think about supporting an anonymous currency. This could easily affect alliances between countries as well. I do see the profit idea though, and I think that's why there are so many current exchanges. All of them reap the profits. If governments did support exchanges and crypto, it might be easier for people to evade taxes and whatnot as well. Govt is taking all precautionary steps to centralize the Bitcoin and cryptocurrency so that they can control it and stop illegal use of Bitcoin. Govt never support a decentralize anonymously currency but they are not banning it as it may become official currency for illegal purposes like drugs trading, tax evasion, money laundering, terrorism etc because of its anonymous payment nature. |
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Can you buy a house with BTC? Yes! All you need is a buyer with coins and a seller that will accept them. The value of the transaction is as of the date of the contract, when the coins change hands.
Any transaction requires the mutual understanding between two parties to complete the deal. It does not matter the transaction involve the Money, commodity, asset or Bitcoin. You can make the deal as per the terms and condition set by two parties while making a contract. |
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Can't really say. But I feel the price will remain between 8k to 12K until June 18. It is because many investors have lost confidence in bitcoin and other cryptocurrencies because of this long stretched correction. Such secondary trend generally last for 3-4 months.
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yes, It would be good if the regulation are with ICO's as there are alot ICO's which are fraud and this regulaton will be in favor of Investor's interest.
However, we can't be free with the regulations, concept of decentralization will be in danger.
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Bitcoin decentralization will give us real freedom from the leaders irrational decision. It is often seen that leaders waste the country's fund collected in form of tax for their personal benefits. No govt. in the world is free from the charge of corruption so there is no guarantee that funds raised from taxes we paid will be utilized in a suitable way.
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Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
Price fall from Jan to Feb is just a guess made on price prediction on the basis of technical analysis and past trend. |
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Not only you, Many had made wrong investment in altcoins. During Market surge altcoin grow with 2x-3x speed than Bitcoin but on the other hand, it crashes with the same speed because of the double effect. BTC price crash automatically crashes the price of altcoin as mostly there is pair of it with BTC on major exchanges.
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Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
It is not every time Exchange got hacked but also sometimes exchanges stole all the BTC and declare it a hacking act. It can be a fraud also so better to be beware. Keep your funds only on well-reputated exchanges. Also, don't keep big amounts on one single exchange. Either keep it in a private key wallet or distribute it to various exchanges. |
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ETH is really a good coin and great potential to grow but I don't think it can replace Bitcoin. Bitcoin is best as it is trend builder and most trusted coin till now. Both have a different ideological concept, we can't really compare them just on price or growth basis. ETH is one of the most important coins which has changed the whole crypto world.
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I believe paperless currency using on the internet in any form is digital money. Transactions made via credit/debit card or any other means like Bitcoin etc are a digital transaction which completes a trade. I support cashless economy because it is eco-friendly and easy to use.
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This is the time to test patience. All weak hands will run away and disinvest. But the real investors will again bring the boom and earn huge profits. I think this is the best time to enter the crypto market and you will soon your capital 2x-3x with few months.
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When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
That's true...one of USP's of Cryptocurrency is that it is anonymous but transparent. Now with KYC form anonymity feature is shattered. Many people invest in crypto because it provides them the financial anonymity freedom and global investment opportunity. Moreover providing Personal detail to someone who is not known is also a concern of personal security |
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Koinex is good platform to trade BTC and other Altcoins.
Mails should be sent to all users about the addition of new coin on the site. It is like unleashing new opportunities for users to trade and earn more who don't understand big-exchanges like binance or bitfinex.
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I think...it is too optimistic future prediction. All this can only be possible if govt. declare it legal and encourage people to invest in it just like in mutual funds or stocks, otherwise, there is no possibility of such future. Yes, Blockchain tech can really be accepted with open hands and used in various sectors in New York, Chicago and other big business hubs in the world.
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In My opinion, Bitcoin is not an investment instrument. It is just the trend which increases the demand and hence price is rising. Yes, Blockchain tech is a revolutionary tech and most influential tech of this century, People investing their time and money in blockchain are on the right track on investment.
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It is great idea to have phone version of BTC talk. The site works fine on phone browser, the only problem is that we have to Zoom to have a better view of the content which is cause is problem for us. Desktop site is quite good and user-friendly, phone version will be just an add-on benefit for us.
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