No, Venezuela needs the restoration of the country's real economy and a change of money, even for cryptocurrency, will not solve anything. I read that President Maduro took out the country's gold and currency reserves with the help of Russia, and without him it would be very difficult to restore the economy.
As for the use of bitcoin by the population of Venezuela, then in social networks the most criticism of bitcoin comes from the citizens of Venezuela. Due to hyperinflation for the citizens of Venezuela, Bitcoin’s fees are too high and this causes their discontent.
Yes, it's true. In order for Bitcoin to help restore the economy of Venezuela, for this you first need to eliminate the general crisis in this country, and above all the political one. There he is already so sharp that no one, even the best means of payment, will save this country. In my opinion, President Maduro does not cope with the situation there, he relies on force, many people are dying. It's horrible. |
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If the catastrophe will be global, but civilization will remain at the same level, the Internet will work, our lifestyles will remain at least as a whole, then the cryptocurrency may even rise in price. If civilization turns out to be a threat, especially if the Internet disappears, then no one will need a cryptocurrency. It will simply be forgotten about, more important concerns will arise in people, a reappraisal of values, including means of payment, is sure to happen.
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Along side time flies, the volatility will decrease within years, if more and more will use Bitcoin and crypto. For now the rich people can easly manipulate the market condition, because there are not many people who are using it right now, and not well-known for now.
What should change with time for the volatility of cryptocurrency to fall? Will the market be filled with other participants? Why is the price of cryptocurrency not so volatile? There will be a lot of people on the market, but everyone will make transactions at their own discretion, due to specific circumstances, and therefore demand and supply will always change, and the volatility of cryptocurrency will remain as high. |
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Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
No, ordinary currency cannot be categorized as financial bubbles. The amount of paper money issued can be clearly calculated so that they relatively accurately reflect the amount of material assets in circulation and release paper money for this amount. Only when the government deliberately prints extra money, does inflation occur and can we partially speak of paper money as a financial bubble. |
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Initial offerings are not over priced because every project has its set target and based on these goals, price are set for the various phases for token sales. It becomes unfortunate if a coin drops in ICO, STO, or IEO price after listing and never show signs of rising to surpass that price. This is why investors must study the project well before joining in order to know the capabilities and potentials of the project.
In other words, each ICO team in its own way determines the value of its token at its discretion. In most cases, they do want to keep up with the latest practice in the cryptocurrency market and also overestimate the cost of their tokens. With this in mind, as soon as such tokens appear on the exchange, they fall in price. I, however, do not have any statistics on this issue, however, such a massive drop in almost all tokens should have a reason. |
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There has been a revival of activity on some projects who had gone cold with little to no activity on their different media channels during the crypto winter - leaving their own communities clueless on the status of these projects. I thought it would be good if the crypto-community would be more aware of this because it could be a red flag and a sign that these projects don't really care about their stakeholders.
Yes, I have already seen several resumed fundraising projects of ICO, which have already conducted their own ICOs. If they simply did not raise enough funds for their project or suspend it, then I don’t see anything wrong here. Even good projects during the bear market could not collect even the minimum amount. However, I was recently surprised when I saw that the Taklimakan campaign, which last year conducted the ICO and issued its TKLN tokens, and which I received for signing up for the campaign, signed the ICO, again began to raise funds. It is really necessary to beware. |
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Independent studies were conducted in the US and Europe and they confirmed that bitcoin is used for illegal purposes in less than ten percent of cases. Bitcoin criminals hardly use it because of its relative anonymity only. For illegal purposes, cryptocurrency with a higher level of anonymity is used - these are coins monero, dash and others.
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The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017.
Now we may be able to see how the whales will pump up the level of Bitcoin capitalization. bringing it to 80 -85 percent, so that at this stage the price of altcoins will be derailed. If this happens, then the price of Bitcoin can rise even higher than its previous record and $ 20,000. |
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Of course, Italy cannot dispose of its foreign exchange reserves. After all, this country belongs to the European Union, has united its economy with other states and therefore uses not its national currency, but the euro. This obliges at least a part of its gold and currency reserves to subordinate to allied needs in order to secure the euro.
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Some have speculated that terrorists have discovered a way to use the platform crypto currency to gather identities from different people from all over the world. use their identities for terrorist activities. From threads that i have seen, there are people thinking that some ICOs are used to fund terrorist acts by luring investors into investing into their companies, getting KYC in exchange of money, gather a large sum of it and then run away with big bags of bucks.
IMO, these scenarios have big possibilities since there is the anonymity factor feature of crypto currency, we really do not have the knowledge as to whom and where the money will go for when it was transacted in cyberspace.
what are your thoughts on this?
This, of course, is not excluded. However, I do not think that the terrorists will create an ICO, carry out KYC checks in it in order to get hold of our identification data and use them to conduct their terrorist actions. It is too complicated. Even if they need a cover for other data, it will be easier for them to anonymously buy on the Internet data from KYC checks for $ 10 for a hundred of such different data. |
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I think everyday trust toward to the money is rapidly depleted, and people will finally realised how ignorant and gullible they’re to just earn the IOU garbage fake money, do you think crypto will trigger the complete bank run? Or any other delusional store of value that we don’t know yet?
If everyone loses faith on fiat money, and causes a bank run, no one will be willing to sell their bitcoin for fiat money anymore, right? Why would they? Since you said "trust towards money is rapidly depleting", it means the fiat currency will end up being worthless. No one will exchange those worthless currency anymore. You see, this does not make any sense. Fiat won't be completely replaced by us, at least for now. Though it might in the future but in a planned way. Fiat and can not be replaced by cryptocurrency. It also does not make sense for the development of the economy from the point of view of each state. The state will lose just its statehood if it switches to using cryptocurrency as the main currency of the state. Therefore, this can never be. This is possible only if only one super-state remains on planet Earth. While such a case in the history of mankind we do not know. Therefore, the cryptocurrency will always go at Fiat, and not vice versa. |
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Hello,
I was wondering if it was worth it to buy bitcoins right now at the price of $2000,- /btc.
I can also wait till it drops to maybe 1800$-1900$, but would that make a huge difference?
I'm now just holding my coins, but im not making really good profits as I only have around 0.5BTC
Shawns
Yes, it is interesting now to read topics for 2017, where the question is raised whether to buy Bitcoin for $ 2,000. The answer to this question today is quite obvious, given the current price of Bitcoin at 8453 dollars, and Bitcoin, which continues to grow in price. Probably, in a year or two, a similar decision will also be obvious and people will wonder why they didn’t buy Bitcoin when it was worth even less than $ 10,000. |
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See the market has started to fall, all crypto coins show red. many say this is a correction at the moment, but there are some who say that the Whales has begun to Dump altcoin.
so does this mean the pump is over?
bitcoin has returned to 7000, without any major changes to altcoin. do you think this is good?
who is here who got the profit from the altcoin yesterday?
So far this is only a bitcoin exchange rate correction. We see that Bitcoin is growing in price and at the same time every few days goes to the correction of its course. I think this is absolutely normal. Today, Bitcoin again fell in price compared to yesterday, almost $ 500. However, even today it has a price of more than 8,200 dollars, which means that in general it continues to grow in price. |
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7 months and we more and the current price is only at $8,500 .
Do you really think that we could hit $100k ?
Even back in 2017 where we experience a whole year of punp didn't make it that high.
Yes, the price of Bitcoin of one hundred thousand dollars by the end of this year looks absolutely unreal. Hardly anything can happen so that Bitcoin can grow so much in its price this year. After such a long period of a bear market, bitcoin is not capable of it. |
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I think Satoshi Nakamoto should not even be sought. First, we see that he himself does not want his fame and has actually done his best to remain anonymous. Probably, you need to respect his opinion. Secondly, for the decentralization of cryptocurrency will be much better if no one has the copyright for the invention of cryptocurrency and no one will even claim the opportunity to privatize Bitcoin.
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Over time, the cost of gold production will decrease, but the cost of BTC will become higher and higher.
How do you know this? The production of gold has been stable for many years and so has mining bitcoin which incurs costs of the mining rigs, which is an initial outlay, followed by ongoing costs which is the cost of the electricity. With the development of technology, when we will penetrate deep into the Earth and explore space, I think that the cost of gold mining, on the contrary, will fall and it will become much more. This can even lead to a drop in its price. However, I do not see the need to compare gold and bitcoin. These are completely different assets and, in my opinion, they have more differences than similarities. |
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If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
If the majority of states issue their own cryptocurrency, it will actually be one of the stable coins and a digital copy of the national currency. Therefore, its value will not change. The national cryptocurrency will be equal in value to the ordinary currency of this state. These currencies should go together and complement each other's capabilities. |
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National money is an essential attribute of every state. Therefore, the national currency will always exist. If the state abandons its national money, it will also lose its statehood.
Paper money of the states is one of the types of national money. Their walk in theory may be abolished, but this will not happen soon, if at all.
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There is no reason to believe that a ripple coin may die. On the contrary, the ripple network and the coin itself continue to gain popularity both in the banking sector and in general among users as just a coin. In some states ripple is popular even more than bitcoin. Therefore, do not worry about ripple.
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