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What do you mean by Killing people??
If you mean it is involved in illegal activities then I think Dollar or other fiat currency should also be banned. As till now it has involved in activities like drugs, terrorism, weapon dealing etc. So It is not a solution to ban Bitcoin to get rid of this problem. If BTC got ban then also these illegal activities will run and get funded by some other means. So baning BTC is not a solution to this prob.
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Bitcoin has solved the problem of financial transparency and given freedom to us to remain financial independent. Also transaction time has been reduced in case of international transactions.
If we talk about BItcoin as an investment tool then it has given users a opportunity to invest their saving in a tool whose demand is inc. like anything.
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#Proof of Authentication Twitter Campaign Twitter Profile Link: https: https://twitter.com/cypto_freakTwitter Username: @cypto_freak Telegram Username: @Sixoffive |
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Bitcoin has a long way to go. Introducing some regulations in it will not hinder its growth. The governments are planning to introduce regulations in order to protect the public from various frauds and scams which have increased enormously in the crypto market. And most of them are irrecoverable. So Bitcoin has the huge potential of changing the financial sector of the world.
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There are very few countries which have banned Bitcoin. The major reasons are that Bitcoin is decentralized which will snatch the power of financial control from government and give it to the public. Further, Bitcoin can be used for many illegal purposes like terrorism, money laundering and tax evasions. Also, cyber crimes have increased due to cryptocurrencies.
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Yes. The price of cryptocurrency has a direct relationship with good and bad news about it. The good news will increase the price of the currency as more people will start buying it. In the other hand, bad news will decrease the price of currency as more people will start selling it. This relationship was evident from the recent fall in price of Bitcoin because of the negative attitude of governments towards it.
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That’s a good idea. But no one can tell you a particular project to invest in as there are many. Along with it there are many scam projects also. So, you have to do a proper research before investing in any ICO. Know the team working behind the ICO project fully. Read the whitepaper carefully. Check the ratings and reviews on different websites and then invest in any project.
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Obviously Bitcoin is not dead and probably will never be. Bitcoin is an instrument of a volatile cryptocurrency market just like shares. So there will always be rises and falls in its value. Now days its value is quite low but that’s normal. If the investors continue to support Bitcoin, its value is sure to rise. Bitcoin just needs some time.
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The main mistakes that traders make are:
1. Lack of knowledge: This is the most common reason that people don’t have enough market knowledge and how to predict market.
2. Greed: That’s the human nature, in the greed to earn more we often lose many things.
3. Panic: People often can’t control their emotions when they see their investments falling
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There is not much you can do about it. The fact that cryptocurrencies are decentralized implies that these are not backed by any authority. These are not recognized as a legal tender by many countries. So if you are also in one such country you cannot seek any legal help. All you can do is learn from your mistakes, be careful and never fall prey to such scams.
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ICO rating sites are now fast becoming an instrument of ICOs to somehow make their ICO look very promising and legitimate and prevent SCAM. But most of them are paid sites which charge some amount for giving a good review or rating to the ICO. So its best to decide yourself and always cross-check the information you see on one website with the another.
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Yes airdrops are a great way to collect free coins. It makes a great sense to get crypto from airdrop as you are not required to invest a single penny and you get coins worth of thousands. But now days there are airdrop scams which will get job done from you or fraudulent obtain information and giving you fake coins which are of no worth. So choose carefully.
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I am a part-time trader. I won’t even recommend anyone to do full time trading as it is very risky. You should have a stable job for getting a regular income. Trading is directly related to uncertainty. You don’t know what may happen in the market. Trading is all about making predictions and predictions may fail sometime.
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Yes, one good year like 2017 can make the Bitcoin a profitable investment. A year like 2017 can definitely give you the profit of next 10 years. But the point is when that year will come or whether it will come or not. This thing is causing suspicion in the minds of investors. But yes, we can do nothing but wait for the prices to rise.
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