Latest posts of: CryptoBry

People are into Bitcoin for many reasons and I think all of them can be valid and even if one is into this for the sake of its price in other words its speculative value then he is still contributing something for what Bitcoin has become now. The bull run that happened in the last days of 2017 was largely contributed by speculators and that was when Bitcoin got noticed by the whole world. Of course, it would be better if one is into Bitcoin for the reason that he has a good understanding of the technology and how this technology can be changing the world of finance. However, we know that as humans we are into something because we can something out of it -- heck even charity is done for reasons that we wish to be happy that is why we share. Bitcoin is business so it is just natural if people can be looking for something they can gain.

Warren Buffet is not destined to be the man that can brought Bitcoin down with all of his criticism and lack of understanding with this new technology brought about by the blockchain and certainly on the same level the probability of him making a U-turn can be next to impossible. Now, even if he will I don't think it will have any massive effect on Bitcoin. He is not actually that very influential especially with the Bitcoin industry and I don't think those people who admired him don't have their own personal stand on Bitcoin because for all we know I am sure that some of his friends and followers are actually already in Bitcoin. But then again, it can be helpful. Warren Buffet is already old...and I don't think he is already senile to change his mind that easily as if a child just playing with words.

As of today, there are indeed many signs that we can be soon out of the Winter Phase of Bitcoin and the rest of the cryptocurrency market. And I am hoping that this trend can be gaining more and more momentum as we are heading towards the end of the year. Though we still have to be careful as we know that this market can go volatile anytime. Considering the current situation, it can be safe to surmise that the market perception is heading towards some little bull runs. That big bull run we are waiting and hoping can be a little far off though. We should always remain positive so that this aura can be gaining ground all over the world.

Quote from: LeGaulois on April 24, 2019, 02:31:38 PM

I would like to take up the points of an article published on Bitcoinist. (Even if some will say that this media is Pro-Bitcoin the points are the most important.)

Quote

1. Laws Can’t Be Written Against Bits and Bites
2. You Can’t Ban Open-Source Distributed Software
3. Bitcoin Can Be Broadcasted via Satellite
4. You can Send Bitcoin Via SMS
5. You Can’t Shut Down the Power Grid

Any regulation can't prevent us from using Bitcoin. Despite their attempt to keep an eye on the system, it is simply impossible for them to ban people using it. So why giving a fuck to "I'm afraid my country will ban Bitcoin!"
They have nothing to fully stop the ecosystem that is currently emerging.

Of course, we already know that technically speaking no country can ban Bitcoin, but they can regulate measures where the use, distribution and conversion of Bitcoin to cash can be so hard that people are discourage of joining the Bitcoin bandwagon. And we know that these countries have dictatorial governments where those in power are exercising higher degree of control on the lives of the people as compared to what many people take for granted in the West. I for one will not be risking my safety and that of my family just for the sake of having a Bitcoin -- that is not worth it all. However, we should really note that Bitcoin can do well even without those countries not friendly with it. We have seen it after China banned Bitcoin...it is still here alive, kicking and is about to be making many pumps towards the end of 2019.

Well, we have to understand that not all people are born to be good at trading in the same manner that not all are born to be doctors or teachers. This is especially true with cryptocurrency where volatility is a big reality and because of its volatility greed can come in for many people, and we know that greed can be fatal in trading. I now realized that dealing with cryptocurrency for many people is just like falling in love which can be disastrous in many cases. Though of course, some can have happy ending.

Quote from: anticonformist on April 23, 2019, 06:44:14 AM

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself Sad

What will you do when the market goes up and you get your money back. Sell or just keep holding?

That can be a very hard question to deal with most especially if one is a newbie in the world of investment and is not an experienced one where one may have alternatives. I can understand the feeling of being lost as I am a newbie too, so I am sympathizing with those who bought cryptocurrency at their highest and is now confused on what to do -- either to wait for months or let go. In this case, and this is just based on my opinion, if you are planning to use the money that you can get from converting them with something else or another business then maybe this is the best time to convert them but if you have nothing alternative use then maybe you can just wait for a little longer time.

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Quote from: vennali on April 15, 2019, 04:49:19 PM

Yes, absolutely. In my country I know about a lot of people who wouldn't touch bitcoin because it is unregulated and is illegal to transact in fiat to buy/sell crypto. This is a barrier to a lot of people who don't want harrassment or do rounds of court just for putting in some money into bitcoin. If it was regulated, I am sure that barrier to entry will no longer be there and we would have lesser number of scams, like fiat does.

Regulation can be good for Bitcoin and the whole cryptocurrency industry as regulation can mean that Bitcoin will be integrated into the financial ecosystem and not anymore considered to be illegal. In this case, regulation can be opening up a bigger market for Bitcoin. This is fact what we should be wishing and working for. I am sure that those in the government are open to the many ideas and suggestions by those in this industry so they can come up with acceptable terms and conditions.

Quote from: Patatas on April 19, 2019, 10:09:17 PM

Unfortunately, there is a very small portion of the community that belongs to 'Do Not Trade Your Freedom' group. The majority doesn't care. Imagine this, Jack hears about bitcoins from his neighbor next door and keeps hearing things like bitcoin make people rich. Jack googles 'buy bitcoins' and he is convinced to buy it from coinbase or other 100 other shitty exchanges. All jack cares about is doubling his money.

This is the big reality we are in and I am sure that in the coming years nothing much can be changing along this line. The thing is that as long as we are dealing with humans, idealism can be flying in our faces fast. Sad to say, the very things that Satoshi hoped we should be avoiding are right now before our own doorstep. I am really wishing that the bigger Bitcoin community can staying to the dreams by the man who started this whole thing and allow our greed and selfishness to be reigning the whole industry.

I am happy to see officials of South Korea recognizing the use of the blockchain and cryptocurrency and the roles they can be playing to make a country's economy go forward in our modern world. I am sure that they are seeing the vision of the future and now they are changing some aspects of the strict regulations to accommodate more players and market integration. How I wish that more and more government officials can re-evaluate their stance on this technology and learn how they can bring their countries into the future. Hope this can be the start of more stories like this...

I am sure that this will eventually turn out to be just another joke coming from the famous John McAfee since he has not been in the news lately. Whoever can this man be, I am sure that it would not matter much whether we know the real Nakamoto is. Considering that he did not show up years ago, there is no guarantee that he will do it now. What is good here is that John never claimed to be the real Satoshi...and that can be the biggest joke he delivered to the world of cryptocurrency.