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Bitcoin is all about the trust one has got over the technology. If the early adopters of Bitcoin have thought that it doesn't have a future, now we could've never tasted the goodness of bitcoin and other cryptocurrencies. Believe in the technology and have patience, one can experience the bright future of bitcoin making a change in the world.
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As the need for electronic transfer emerged people began to use debit cards and credit cards that were provided by the financial service providers. Right now the same is used as an opportunity to make an added profiting by increasing the transaction fee. By this time bitcoin and the need for Cryptocurrencies need to be taught to the consumers which might gain attention from public who rely completely on visa and mastercards for every transaction.
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Bitcointalk Name - KennyR
Rank - Hero Member
Stake Name - Kenny
Wear signature & avatar - Added
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This kind of speculation have been taking place for months. Every month starting it is expected to have a price increase, but to the expectation till day what we're experiencing is decline in the market value. And now it has gone far low reaching low to $3400. So, it is good to have patience than selling low.
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China being an early contributor to the growth of cryptocurrency in its early days have a big impact on the price movement. As per data every Chinese new year has caused price bumping around the time period. As the market is much downtrodden, a forward push at least by that time period will give a positive growth and lets to massive adoption which is lacking.
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People expected big things to happen in 2018, to the same predictions came true and those market didn't sustain long. Likewise this year experts have predicted for a sustained gradual growth, which is much focused for the upcoming year as 2020 is mentioned to be a big year for bitcoin long back itself in relation to the halving event of bitcoin.
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In future we can see every country having its own cryptocurrency. Already more countries have begun its development, some has allocated funds for the same. Some countries have issued and those were under testing. I believe these will be used for transactions within the country and the top listed bitcoin and other digital currencies will serve as the bridging on cross border transactions.
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With bitcoin as well other cryptocurrencies there is nothing assured, it's all about speculation. Market scenario change with time, also the market adoption is much needed for a large scale growth. Till last year users didn't had big expectation on the peak growth, but after it reached above $20000 the expectation has grown high. We users can just hope for the best to happen.
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Lots and lots of exchanges were getting into existence. Among the entire list of exchanges we get anonymous trading access within altcoins without any KYC. For withdrawal to the banking account KYC is a must. Importantly for low volume trading there isn't any need for verification. Beyond certain trading volume KFC is a must.
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A day before Christmas the price of bitcoin was found progressive, and it crossed $4200 in no time. Upon that it's predicted to go above $4500 by the days after Christmas. To the expectation what is happening is opposite to the positive speculations that were put forth by the user community. So, no one is sure about it, let's hope for the best to happen.
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Last Christmas season cryptocurrency users got lots of Christmas gifts as well as surprises that none expected. Now people expect similar incidents to take place, but in reality the market is completely bearish with slight bullish trend over the past week. If this continues, users might celebrate Christmas better.
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Being decentralized is the key success for Cryptocurrency. A central banking could help the widening of cryptocurrency community around the globe. Because, to use cryptocurrency knowledge is a must. With banks people can be taught about it and the same can serve as a service center rather than a banking space.
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To me, it is a cyclic process. At certain time interval there will be ups and downs. It can be in the development sector, economy or anything else. Now the entire world market including our cryptocurrencies were experiencing a great down fall. Even though we're recovering slowly, it isn't promised. With this, we need to be prepared to face uncertainty. Possibly with the adoption of blockchain all around 2030 will be growth associated.
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Having patience and waiting to make use of the opportunity is the right one can do by this time. Now active users who have got lot of fiat holdings can make use of it as a time for investment. Hopefully the year end could lead to a drastic growth in the bitcoin as well the entire market of cryptocurrencies.
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Bitcoin is being worthy since the day it was launched but almost everybody think that it's a stupid idea to invest in bitcoin. But what now? Those who believed and invest before were already very wealthy people now.
It's always good to have since its the main crypto ,that most of the ICO they depend more in BTC and ETH that when this two dump,almost all coins dump too. So recovery is always possible in established coins. It is also near low of 6k so I would say should keep buying on every dips. One should be investing every month from their savings so that they can build a good portfolio for the long term or sell out when the market is high or you have achieved you price goals. Besides buying more coins, try to multiple the coins you bought even at current situation. Set a less percentage threshold on profit. Go for a day trading, have multiple transactions, try to have minimum $10 turn over on each cycle. Buy coins with less values and start your day trading first, then as the capital increases, go for a coins that need a big amount. This is another way to gain profits meanwhile waiting for a huge hike. Good suggestion, as the price is continuously varying within limits it is good to make an earning buying at a slightly lower price and sell above the buying price. As mentioned this will let you multiply the holdings when one gets into the trading. Even with this one needs to be careful because a small mistake on prediction will cause the entire profit go away from the wallet. |
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gold is still the best asset at this time with passive value growth. I allocate less than half of my savings for living needs, the rest I set for the purchase of increasingly scarce assets, including gold, land and housing. Because I am also still active as a trader, crypto active asset allocation is also quite large, I still have to balance between savings, active stock and assets as much as possible because everything is very potential in accordance with existing needs.
Still, most of the people choose traditional banks to save their money. Gold is also a very good choice but you need to store it in the safest place (banks also). Rich people deal with antic things and make big money on this stuff. I would like to save my money on real state asset which could bring profit for long term also. Land is the best because you can make an establishment on it offer for rent. Think it is much better than putting all in banks because it just increase for small interest even e long time. You have to make it grow and usable. That is my goal, to have a passive income from that and save for future. As in the above quote, real estate or property is a best pick to save money for a longer time period. Here only thing that need to be considered before investing is the location or the locality of the land or property. This will let you have the calculation of its value after years. Same time there are properties that goes worthless after years when there is no development and other accessibilities. |
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Compared to 2017, every user is experiencing hard days right now. Because, past year people never knew it'll grow such high. In unexpected time period things took place in a positive way reaching big value. Now people are much curious to experience the same and the expectation level is big. By now the growth happening in such a down trend is just increasing the pain.
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Monero is one among the oldest coin that is into usage. Monero has a perfect team and this has been growing good along with bitcoin. At some time point bitcoin grew much faster and Monero was unable to go along with it. In this way Monero will not serve as a alternative to the bitcoin.
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Right now more banks have begun to adopt the blockchain technology understanding the true need of advancement and the effective process involved with blockchain technology. The same will let more banks to use bitcoin into their banking activities which at present is available with very few banks.
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Having a price target to be reached, and taking away the profit once after it is the right way. This isn't possible with every user, because it requires patience. Very few users who have a good earning to meet life needs stick to it, while majority just moves off taking the profit when they are in need of cash unlike the price it has reached by the time.
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