If you are new to the platform just make a try with Yobit. This has got good reputation as well has various listing of coins which can never be seen in other exchange services. Also this has got the best UI that anyone can understand without much difficulty.
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A massive war could result in the internet going down which if that happened long term would adversely affect the price of bitcoin. Bit if that happens bitcoin wont be our main concern. So diversiy a little in to gold coins as well.
War is always a threat to the growth of the economy. This is not for a particular country, but the impact can be felt all around. As a part some cyber attack too might can cause a great problem to the bitcoin network as everything is dependent on internet.
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You could make your investment into ethereum or ripple. Both seems growing enormous in terms of capital as well value. This year more alts are in the peak rise, so better study the market and invest into coins which are very small in value as you've planned of look after a long time period.
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If you have the budget to buy mining equipment, it can be profitable in the long run. But it is necessary to calculate the ROI time well. But the wise trade can be less costly than mining. It may be possible to earn good money in a much shorter time.
My preference is trading.
Trade can give not only a good income, but also losses. That's why beginners need to be very careful. The most important thing in trading is not to be greedy, but to gradually increase your capital With trading one should not be greedy. Need to be focused on the price movements, which helps in making better and bigger gains. Greediness should also be avoided, only then profiting will be good along with gradual growth in the capital and the profit. When user becomes greedy without proper understanding will invest on shitcoinsand gets huge loss.
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That's a good move to sell stocks and invest into bitcoin. No stock could have such a growth as that happened with bitcoin. In a years time a $1000+ growth is something dreamy with stocks. The reality that happened with bitcoin gain more and more users focus towards bitcoin leaving stocks.
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The function of cryptocurrencies is purely on algorithmic programming. So it has got mathematical calculations in the trading purpose. None can make a exact prediction, because the system programming has the same base but will be modified based on the features added to it.
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Though bitcoin have got more and more popularity bitcoin still can't replace cash. People can get benefited of holding bitcoin than holding cash. On the whole bitcoin is dependent on the fiat system directly or indirectly. But fiat system is not at all dependent.
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I have been planning to invest on Litecoin and ethereum, because the hype and the growth that happened this year is big and I hope the same would continue till the year end. Also sometimes we might not get the chance of buying low later same as what happened with bitcoin.
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Ethereum never becomes a threat to the bitcoin. Ethereum has slowly growing similar to bitcoin with lot many advantageous features. The same might develop a hard competence to the bitcoin network, but the same won't overcome bitcoin. In my opinion bitcoin and ethereum is like the USD and the Euro which has its own value.
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Altcoins serve as an profiting source used for trading purpose based on the price pumping and dumping. This year starting few altcoins were found highly potential reaching big values. This has increased the attention of digital currency users towards altcoins to earn good.
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onegram is coin backed by gold based in Dubai. I think it is worth trying because it is coin targeted to muslims world. Muslims still know little about crypto, onegram could be pioneer in crypto
As the backing is related to gold this can be seen successful. A certain group of Muslim users around the world think bitcoin usage as an opposing activity done against the holy book of Muslims. So this carying unique features to make it popular makes it more crediblity in the network.
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Several such issues have arosed in the past. In one case entire network of a central library was under hack and a huge ransomware was demanded in terms of bitcoin. In a short time the library authority took control paying a programming team and made those hackers get away.
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I've just thought about this for a moment but, if we want bitcoin to get more popularity, attention or acceptance would it be nice to make some advertisement about it on T.V.? I don't know if in other countries they advertise bitcoin but in my country, I haven't seen one. How do you think advertising bitcoin will affect the people? Any thoughts?
Bitcoin is a decentralized currency uncontrolled by any authority.Thats why there are no ads about bitcoin on T.V.Some big players like Roger ver advertised a lot about bitcoins earlier.But now since he has become Antichrist of bitcoin,there is no such ads even in other platforms. I don't think his promotion made some impact on bitcoin. In realitythere is no need to promote something which is successful. Without any kind of promotion through word of mouth itself these will grow better and bigger gaining more user base.
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Bitcoin never make banks get disappeared. Banks are the economy backing system without which we could have never grown or could have never experienced such a growth in within our country as well in other sectors. Possibly both are essential for a successful growth.
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Recent days I found TaaS token to be promising with the better earning possibilities. By the ICO presale itself it has gained a good investment capital. Soon it might gain more and more value when the trading volume Keep on increasing.
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Long back itself the transaction fee has been under discussion as a major downfall for the bitcoin network. In reality this is not a big thing because it is the one that has got used for several necessity. Altcoin is used just for trading purpose, if this changes we can think of altcoins overcoming bitcoin.
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Why is it that these are the last time that we can see something like this? I know the price right now is very unbelievable and I was shock that it is still rising up and now that the price has make it to the $1800 mark it is still possible that it can increase a mile notch up until it reach $2000 mark value, in my opinion it is still good and it not done yet until bitcoin is fluctuating upward you still have a chance to come back!
There is no chance to see the bitcoin in low and it give dips in the chart for sure. However, you can still buy the bitcoin now and hold for future because the bitcoin value will rise for sure in future. As Japan and Philippines adopted bitcoin as in use. Now, Aussies also planned to implement the bitcoin in their country. It will give huge adoption rate on bitcoin. We will see the big price in chart for sure. Bitcoin now are widely use not only on japan and Philippines but in all asian country especially china and korea. BTC will be soon at 2000$ price before the mid year. Widespread is a good and a must for bigger growth in the value. As quoted the price might reach $2000 by the middle of the year. This won't be because of the Asian countries, because Japan alone has got legalized usage, other country people have started using it but governments can take any decision any time. Korea is much into regulating their own digital token and not about bitcoin.
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That's true, based on the increasing user profiles the supply to the demand ratio the circulation along with the price variation will take place. So in particular as OP mentioned sure in the future people will think back of $2000 which is quite low compared to the price at that time.
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Wait is the decision of mine, now the price seems to gain resistance. Further if a drop happens once again at least a small pump in price can be expected. So holding seems to get better profit than just selling at the present $1850. We might soon touch $2000 per bitcoin.
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This is an good effort and an one step above other digital currency to have a religious view. Some with the terms of cryptocoins being opposite to the religious view feel hesitant to use it. Now this will get changed and more can be a part of it as well the backing with gold serves as an added advantage.
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