It's not really a great idea to become overtly over optimistic. Rather it's important to understand the ground reality first! Governments around the world, will never adopt cryptocurrency as the main currency. No matter how many banks fail or how recession cripples our balls! If a reset in economy is ever required, it will be done by Gold and not bitcoin!
I personally would love to see bitcoin reaching 10 million because I would become a billionaire by then and probably be able to buy few lambos or Ferraris! But that's not going to happen!
Bitcoin will remain the king of the parallel economy like it is today. The adoption will increase with time so the value because bitcoin's supply will decrease at the same time! But 10 million dollars is just not achievable!
yes I agree with you I think the value of $ 10 million is too high and I think it is impossible to achieve in 10 years. and also not all countries can accept bitcoin. at this time only the developed countries accept bitcoin as the currency for payment. such as the United States, Japan, South Korea, Australia and others. third countries are still unable to accept bitcoin because they do not have the infrastructure and facilities that support crypto and are also rejected by the government. although many countries have accepted bitcoin but it will not make the price of a bitcoin bull up to $ 10 million. it's too high. I do not want to fantasize and expect too high on bitcoin. |
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I also don't understand why eth values continue to decline. I think maybe this is due to the many ICO projects that are scam and some ICO projects use the ethereum platform. if this time the ICO project is no longer trusted, the demand for ethereum will decrease and make its value go down. and also added at this time the value of bitcoin is also down, then the value of ethereum will also go down. if at the end of this year bitcoin dumps again maybe eth values will fall to 0.01 btc.
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in my opinion the current decline has nothing to do with google or cache current accounts. bitcoin decline at this time I think is the work of the whales who manipulate the price of bitcoin. and the decline as in my opinion is a common thing that happens to bitcoin which is very volatile. maybe the price of bitcoin will continue to decline until the end of this year.
hopefully next year the price of bitcoin starts pumping again.
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of course everyone hopes that bitcoin in 2020 can be bull after half-reduced in May. and many predict that bitcoin can pump like in previous years. but this is only a speculation that can be right or wrong. and the current crypto market conditions are different from the past. we can only hope that bitcoin can go to the moon next year and reach a new ATH. the market that will determine bitcoin can pump or dump.
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in my country by selling 1 bitcoin can use it to buy new cars and also make an effort. so I think this statement is true 1 bitcoin can change my life. And I also admit I can achieve financial freedom and be able to build a house because of the investment results in bitcoin. bitcoin has changed the lives of many people. and in 2017 many new rich people were born from the rise of bitcoin. Hopefully in 2020 bitcoin can reach a new ATH so that it can change the lives of many people.
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in my opinion both have weaknesses and strengths. if we follow ICO or IEO before fundraising, we will get more tokens, the more we immediately join, the more coins we will get. but if in fact the project that we are participating in is a scam then what we are doing is in vain and losing money. and if we join in raising and taking place we can avoid fraud at least we know that the project we are taking is not a scam. but the coins we will get are not many. I myself prefer to join the ICO when the fundraising takes place even though the tokens I get are few but the ICO that I follow is not a scam.
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I belong to the millennial generation. I agree that bitcoin is a better choice than gold and real estate. because bitcoin can provide more benefits than gold and real estate. but of course bitcoin also has a greater risk. but if we want to do research and continue to learn about cryptocurrency we can minimize the risk of loss. and investing in cryptocurrency really requires patience. we must be patient waiting for the red market like now.
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if I will diversify investment. I think it is more profitable to diversify. because when bitcoin goes down we can sell altcoins that have risen. yes even though most of altcoin also follows the bitcoin movement. but there are some crypto currencies that don't follow bitcoin prices.
but of course my main investment is bitcoin. 80% of my portfolio is bitcoin and the rest are altcoins like ethereum, litecoin and stellar.
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when there is an economic recession, most investors will move their assets into investments that have low risks such as gold and property. but I would choose to move assets to bitcoin. although bitcoin has a high risk but I think it will be safe to store our assets in bitcoin. and when bitcoin is bullish we will also benefit. and bitcoin can also be used as an alternative means of payment when fiat currencies experience inflation caused by economic recession.
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If you are looking for 2x profit in a year, why do not you go for Bitcoin instead? halving will happen next year, and the price should be increased to maintain the miners.
right now Bitcoin is at $8,000 and it is possible for it to reach $20,000 again after the halving.
yes, I agree with you, it's better to choose bitcoin than altcoin. because bitcoin always dominates the crypto market and maybe after halving the price of bitcoin can go up as much as 2 times. like in 2016 before halving the price of bitcoin by only $ 200 and after halving the price doubled to $ 20,000. hopefully this cycle will happen next year after halving in May 2020 the price of bitcoin can reach $ 20,000 again. |
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yes agree with you only the top coins will be good coins in 2020. and of course what we must have is bitcoin. then I also chose litecoin, ethereum and binance. I think that the three altcoins will also experience an increase in bitcoin bulls after halving in May 2020. Everyone is waiting for 2020, hopefully the bull market is in line with our expectations.
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yes of course bitcoin is still a good investment tool. the increase in value can produce more profits than stocks. but of course big profits also have a big risk. bitcoin can go to the moon and give us big profits but it can also make us lose when it dumps. but if we always do research before making a buying or selling decision. I think we can avoid the risk of loss. and of course in investing bitcoin we must be patient and not easy to panic.
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I think op worrying too much that Google will never be able to threaten bitcoin. the issue about the discovery of a quantum super computer I think also will not affect bitcoin. because until now the quantum super computer doesn't exist yet and also won't be able to break the bitcoin block. and google pay I think is just a payment application so it has nothing to do with cryptocurrency. bitcoin has become a strong coin and has a large capitalization and trading volume. it can't be defeated by something like Google Pay.
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I will not close my savings account even though my bank is against bitcoin. because I think the bank has its own policy of accepting or rejecting bitcoin. and that has nothing to do with us. although I am also a bitcoin investor I will still need a bank for daily transactions. and to cash in on bitcoin I need a bank. so even though the bank does not support bitcoin then I will still use the bank.
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I agree with the OP that everything OP said is true, we must have a good plan and careful preparation in making long-term investments. I will add one more thing: we must also prepare a strong mentality when the expectations we want do not match expectations. because the cryptocurrency market is very volatile. and long-term investment also does not guarantee we will get a profit. therefore some of us always recommend investing as much as you can afford to lose.
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I think when the world economic system crashes it will not have an impact on bitcoin. because bitcoin has its own market and also there is no connection with any decentralized and free country. only demand and supply can affect the price of bitcoin. and if we look at bitcoin made in 2009 after the world experienced a global crisis in 2008. I think bitcoin was made to be a solution during the economic crisis. when a crisis occurs some fait currencies will experience inflation so we need to have other alternative means of payment. and bitcoin is suitable for use during an economic crisis.
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I don't think there is a way to recover your bitcoin. because most likely the website has taken over the coin because you are not active on the website and that has been happening for quite a while. You also forgot about the registration email and password so I think it's impossible to access your bitcoin.
we can make this story a lesson that we must always store and remember well our keywords and wallets or the sites we use to store our bitcoins. and I suggest if making long-term investments we should save our bitcoin in a hardware wallet.
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I don't think it's wisdom. because they think they have done good by utilizing and helping homeless people, but on the other hand they are scammers that have harmed many people and run off other people's money.
and in my opinion there is no effective way to identify every photo contained on the landing page. because we don't understand whose picture is put there. if I identify the project by seeing who the manager and the team are if I see he is an experienced team and manager then I will join. but this also cannot guarantee the successful project experienced team sometimes fails to develop the project.
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yes the internet and crypto are not crimes. it's the people who commit crimes with the internet that we have to blame. and evil is always in cyberspace or in the real world.
and what we need to do to avoid being targeted by a HYIP or scam project is that we have to do our research seriously before deciding to invest and join a new project. and don't be easily tempted by a large salary or gift. because some scam projects always offer big rewards.
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I think the way to keep Bitcoin in existence is to use bitcoin for payment tools and also use bitcoin for trading tools. the use of bitcoin will significantly encourage adoption and also the volume of trade will continue to increase and make the demand for bitcoin increase and the price will rise.
if all bitcoin users only do hodl then the bitcoin market will not develop. but I am optimistic about the number of companies that accept bitcoin as a means of payment. will make bitcoin towards mass adoption.
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