Latest posts of: Webberson

Bitcoin has its flaws and may not have the best network as compared to other cryptocurrencies. The reason i agree to bitcoin being number 1, is simply because of the fact that it is the first known cryptocurrency and its value is way-up as compared to other coin's value. It is for now seen as a determining factor to other coins.

People have diverse opinions regarding bitcoin's investment. It certainly cannot be seen as the best investment for those that are actually losing money in it. Regardless, bitcoin has proven to be a good investment over the year and due to its volatility, it has actually caused people to gain and lose at the same time.

Hacking has always proven to be a threat to bitcoin. It is actually inevitable but it can be tackled by creating a strong wall for hackers to penetrate. Every platform that operates on bitcoin should have a strong, reliable and secure system. If every exchanging site is being hacked, it will sure affect the value of the currency.

Most people have anticipated before now, that bitcoin will die. But the currency has actually proven its strength over time to stay in existence, despite all the challenges and negative factors affecting it. I believe in the future of the currency, which is why, investing in the coin will be a risk i intend taking over and over again.

Quote from: tlkchain on January 27, 2018, 03:22:53 AM

Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?

Kodak and disc are still in existence and in use, though, the above mentioned areas where quite affected as a result of those innovations, which in turn had minimized the usage of those items. The bank may not likely be affected in such a way, as the sector could adopt the system.

Being that bitcoin is still in its early stage (in the sense that it has not really been accepted for usage on a global level), it can be said that anytime from now is always a good time to buy and be willing to hold for a long term. But the very best time to buy, would be when there is crash in the market - then value would have dropped drastically.

The value of bitcoin in the market had reached a support level and has taken an upward direction. If it happens that the value does not get passed the 10k range, it may likely go back to the support range or even further.

Most traders embark on trading and incur losses on their investment, as a result of one wrong move or the other. Successful traders knows the principles behind trading. Trading is actually worth it, when you give in time for studies and proper analysis.

Day trading can yield quick profit and likewise quick loss. Being a trader requires you spending lots of time studying and analyzing the market, after which you get yourself a strategy that will be able to minimize your losses and maximize your profit. With this, you are ready to make quick profit on day trading.

Over the past years and up till the recent times, bitcoin has experienced numerous challenges, which has tried to cut short its existence. Regardless, it is still in existence and is gaining more awareness by the day. Despite all these, it is still the first known cryptocurrency and sixth known currency. So, i am not discouraged with the currency.