After increase of 1000s of times in bitcoin price, still holding bitcoin for increase is not a easy thing but still it has to reach long in future, So normally again it will definitely increase in multiple times in this year also.
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This is huge news and we can expect a good portion of increase in bitcoin price because of this news and hold BTC everyone who heard this news.
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Since it is the oldest and first cryptocurrency and also most popular around world. Most of the high level experts are also believing that this will be valuable and it can replace our world financial reserves and money
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Previously only few people know about bitcoin, so only few transactions happened around bitcoin until it reaches its capacity and the awareness around bitcoin increased dramatically and no of transactions also increased. Apart from this due to huge increase in price of bitcoin the transaction fee cost is increased which should be paid only in bitcoin to the miners.
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I can say this is kind of joke, Till now upto 7 years bitcoin proved itself it cannot be hackable at all. But some of the experts are saying that Quantum computing having a capability of hacking the system.
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In terms of web wallets or cold wallets Xapo, Mycelium, Jaxx, Blockchain.info, and paper wallet will be the most secured wallets
In terms of hardware wallets Trezor, Ledger nano S are the most popular and secured out there
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If you are looking for long term view then always this time is the buy position only because still cryptocurrency bitcoin need to reach alot and it is having huge potential
If you are looking for short term and if you are holding any position in BTC then try to sell at more than 15000 dollars and buy again in dips.
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Right now in my view best portfolio holding in cryptocurrecy means 20 - 30 % in BTC and remaining mostly in ETH and small portion in ICOs or alts. That will be the best growing and diversified.
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As of Binance exchange is growing like crazy and i never seen this much growth in any exchange recently. And this is because of their improved infrastructure and UI attracting more and more But already established exchanges like Kraken, Bittrex are not at all trying attract consumers now and they are not giving proper reply to customers and delisting potential coins losing customers trust on them continuously
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It is really good news to hear that the famous KFC is accepting Bitcoin as a payment. Now we are seeing real value of bitcoin by exchanging bitcoin for real products. Once everyone major company started accepting bitcoin as a payment then every other small companies will follow the same.
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Cryptocurrency getting value only because of its underlying technology Blockchain which is decentralized ledger keeping and if it is centralized then it will not be having any value to create.
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Really Bitcoin has a good potential to reach as a payment method in future, once it is fully equipped and developed for normal usage like cash, then bitcoin will be valued more than $ 5 million.
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Blockchain means decentralised ledger record where there will not be any centralized authority to moniter or to rule like our central Governments and companies which are operating right now.
This is hack proof and most secured due to underlying technology of cryptography
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It is not at all advisable to leave your job for Bitcoin at all. Because always primary will be the our status within our society and environment and secondary will be the motive of earning and learning.
But Try to concentrate more and learn more about crypto right now in the free time mostly. That will feed you for your life time
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In my view it will never happen at all, because as of now few institutional investors who have long term view on blockchain are already entered into Bitcoin and ETH and many others. And most of who are not entered into the crypto is only because of not having proper awareness over cryptocurrencies including warrent buffet.
Bitcoin may dip for sometime due to scalability issues but the solution is in progress to come real and at that time every one will realise the real value of Bitcoin
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Bitcoins ultimate goal is to reach as universal currency in the world and it cannot be touched by any govt in future at all.
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Everyone is thinking right now about intrinsic value. Some of the experts are believing that gold is having intrinsic value by physical presence in the world and where you think in the same way for bitcoin then it is not having any physical presence. But now valuation rule can be changed by the people consensus mechanism. Gold is valuable because people believe it is valuable and in the same way for bitcoin also.
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It's not too late to invest in bitcoin. Still most of the big investors are yet to enter cryptocurrencies and once it is done the market cap of bitcoin will reach trillion dollars
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As of now we are not in a position to decide which one is better because the successful depends on development of the coin and it is happening with bitcoin cash and it is trying to reach the world by introducing crypto debit cards .
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As of now we are seeing thousands of currencies and every coin is trying to differentiate the existing infrastructure with decentralisation and it cannot be said only one currency rule the world in future.
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