To some extent cryptocurrency will provide a form of living for some people and at the see time too much of it can cause inflation as anybody can have his/her currency supported by shit use case. BTC is good at theoment because it has touched some peoples life due to its volatility but what happens when there's no more volatility to BTC? When no more profit is gotten from trading or investing in utility coins?
Bitcoin can improve the overall economy of the poor countries but always remember, its just a currency. People have to develop skills in order to change their way of living and alone crypto cannot be much helpful. |
|
|
|
In my opinion, they are thinking like that because they dont have the knowledge about our modern technologies today, most of the people who are criticizing cryptocurrency are those people who are old enough that they cannot understand how to operate a simple ipad, so they literally dont have a clue about the way our system is going.
Yes, the older generation are unable to understand crypto and therefore they are not sure if it can be sustainable in the future. I think we should give proper understanding and knowledge to these people so that their interest in crypto can be developed and they can also use and earn good with crypto currencies. |
|
|
|
Facebook is not against Bitcoin but rather intends to avoid the situation of misleading its community members through its paid advertisement. Users of facebook can post crypto and Bitcoin related topics on facebook without any penalty.
Yeah, most likely nothing against Bitcoin, rather than ICO-s, scams etc. Also we do not see any ads for bitcoin on face book. It is only the ICO which are being shown on Facebook and of course some evil minded people use to scam people by giving attractive ads to the face book users. All in all it is a good step for bitcoin community. |
|
|
|
I agree with you. I also think that Bitcoin has no practical use. Many people say that Bitcoin will replace gold or legal tender, but the price of Bitcoin changes every second. This is very bad, isn't it? And the purchase and use of Bitcoin needs to go through the Internet, and the elderly and children can't do this!
This is just insane if you do not buy bitcoin now. Bitcoin is at a good support and I can bet that you will never ever see bitcoin below 6000$. If you are tech lover and you know about the future changes, then you will realize that bitcoin and other crypto currencies are here to stay. |
|
|
|
In the spirit of mass adoption we are likely going to see the death of PayPal and other payment gateways. Do you foresee the death of PayPal soon by Bitcoin? At some point people would want to feel safe in not tying their credit cards to any online payment gateway. Your thoughts?
I still do paypal and I still want it to exist, because there are transactions online that are suited for paypal users, like you are going to transact to people you don't know and there are online stores that only caters to paypal users because paypal tos is suited to their needs. I also use PayPal as it is very convenient to me. Certainly, I am ready to use Bitcoin as well but I do not think that BTC threatens the most popular payment system. PayPal will live for many years. Paypal is good along with many other service providers like wester union etc. All of them has some disadvantages like more fee or not usable in certain countries. Bitcoin on the other hand has removed all these disadvantages of these service providers and come up with the perfect solution which eliminate the need of middle man to transfer the currency. |
|
|
|
According to statistics, bitcoin occupies a niche in terrorism, without it there were illegal transactions and money laundering ! I don't think the bad guys will use it as a priority !
Were there no money laundering when there the no bitcoin ? The answer to this is No. Bitcoin do make money laundering easy as compare to fiat but I just don't understand this is not a drawback of the currency itself. This is the mindset of the user who use it in a negative way. |
|
|
|
Now that more and more countries are starting to go cashless ( http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage? The advantages are that we gonna enjoy the life since the price of what we holding has 99% assurance that the price will go up like x10 and above. The disadvantage is that we will surely their will be many hacks. Well, it is not very simple to convert all the world currencies in crypto currencies. There are many people in the world who do not know how to operate this digital currency and you will not find internet everywhere to make Bitcoin transactions. A lot of things has to be taken into considerations if we want to see bitcoin rule the world. |
|
|
|
How was the response about the bitcoin economic market for 10 years which experienced an increase and decrease ?
Bitcoin will soon celebrate its 10th birthday. However, this achievement was slightly tarnished due to its downward trend.
The Wall Street Journal reported, in 2017, the price of digital currencies launched in 2008 had surged to 1.375% because investors and traders were interested in Bitcoin.
However, the price of the most popular digital currency has fallen considerably until the third quarter of 2018. The price of Bitcoin has dropped more than 60% from the highest price last year, according to Coindesk data. Last week, the price of Bitcoin had gained 4%.
The overall cryptocurrency market is worse: the combined market value of all crypto currencies plunged 13% from the previous quarter, down from US $ 255 billion to US $ 221 billion on Friday, according to CoinMarketCap.
This decline was contributed by a decline in the market value of large digital currencies. Ether, which is used in the ethereum network, dropped 51% each and Bitcoin Cash and EOS dropped 28% respectively.
Lately it has been difficult for Bitcoin to attract new buyers or even retain old buyers who are mostly disappointed with the price.
According to Blockchain.info, the average transaction price in quarter III-2018 reached 217,000 digital coins. This figure is far below the average daily transaction in the fourth quarter of 2017 of 319,000 coins.
The initial coin offering market (ICO), which allows investors to buy digital tokens such as bitcoin to be developed or offered in the future, is equally insecure. The ICO market has raised US $ 12 billion this year, according to data from research company Diar and TokenData, about double that of 2017.
However, the company calculates that 70% of the current projects have fallen from the price when the ICO was completed. Maybe this is what affects the difficulty of increasing the price of bitcoin on its 10th birthday because the average "ico will decrease by 50% after launching
Seeing the progress of bitcoin from the last 10 years and you will be bound to call it "Impressive". We have seen this currency grow massively and also accepted world wide. Seeing the all time high of 19800$ and been stable at 6000$ (with a hope to grow more than 100,000$) is really a great achievement. |
|
|
|
I think that is a good policy because it will increase the volume of trading further on binance and will make crypto increasingly known and more popular
Binance is already the leader in crypto trading and with these new offering it will just increase its consumer base and it will become more strengthened. I think Binance will be a among the leader among the most revenue generation companies very soon. |
|
|
|
Bounty hunters are being paid project's token for the efforts of promoting their project. Some hunters immediately dump their tokens once it hit exchanges. Some of them actually hold the tokens because they believe in that project and the roadmap. Optimistic, they wait for sucess and the time it will hit moon. Others may actually exchange that token for another.
From your experiences, where do you usually allocate your bounty earnings?
Most of the bounty token received are useless which never come to exchanges and have no value at all. The ones which have value, I keep them save and do not sell. The reason being their value is so low, in most cases even lower than the ICO price , so there is no point to sell these token cheap. Rather hold and wait if their price increase one day. |
|
|
|
It really needs to our economy and our community most of people here in the world don't know how to use yet online currency and I think governments will not allow to change their current useful currency to replace a not legalized currency in any country.
Fiat currency is always been there and it is performing good. So we cannot say that it is failed and unable to deliver. However with every passage of time things do change and we will see new technology taking over the old one and similarly fiat will be replaced by bitcoin one day. |
|
|
|
Yes, having bitcoin is like having a source of income, the profits that keep flowing make me easier to make ends meet, bitcoin really saves my financial condition.
I also have the similar experience and bitcoin has really opened new horizons in my life. Unlike many people who complain that they have lost a lot in bitcoin and trading, I feel myself lucky that I have earned a good lot of amount and I am thankful for bitcoin for giving me this opportunity. |
|
|
|
I believe that buying bitcoin while its market price is down is the best thing to do when you are going to invest. As what i have learn, basic fundamentals of investment should always be applied that's when you buy low and sell high.
there are some difficulties that will be faced to implement it, for example to determine the lowest point. most people wait until the lowest point to buy, but they are too ambitious that they wait too long. Predictions, lower points and higher points are hard to predict in crypto currencies. You can ask from anyone who is best at Technical analysis and he will tell you that even TA fails when it comes to prediction of price of bitcoins. |
|
|
|
Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027. Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys? Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain Maybe this is true but 2027 is a lot of time and we have to see many phases of bitcoin before that time. I am not saying it can't die, maybe we have something more better than bitcoins or maybe bitcoin will become so expensive at that time that it is not imaginable to think at the present moment. |
|
|
|
Although now and rollback, but there is every chance that the price of bitcoin will drop even lower, to 3000. But with 3000 will be growth. Still a lot of those who have fresh memories of the fall in prices and who bought at 16,000. But the global trend is still up, so growth is inevitable! Price in the ascending channel!
3000 USD bitcoin price ? I don't think so this can ever happen now. Even though people are not buying bitcoin in bulk but at the same time they are not selling it under 6000$. We can Say that 6000$ is the minimum price of bitcoin and its hard to move below this point. |
|
|
|
I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014.
From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?
Price stability can only come when crypto is regulated and there is some governing body which controls the crypto. Until that time whales will keep on manipulating it to their benefits by pumping and dumping it and will never let it to be stable. |
|
|
|
We have barely two months to end the year and as the price is still trading below 7000 usd, it will be impossible for bitcoins to get to 8000 before 2019 and I cant see any forces that can impact bitcoins to accelerate so high for it to get to 9000
If the bitcoin does move up in these last two month of this year, it will disappoint people and people will be dishearten and will leave the crypto as everyone is hoping to seeing one final bull run at this year end. Unfortunately we are not seeing any reason of happening it though.  |
|
|
|
It doesn't have to drop, I am not saying it will but it can also go up. So far whenever historically price stayed stagnant for a long time the price went up afterwards. Check out the prices, when it drops it drops very quickly right after a skyrocketing all time highs, so if you are afraid of bitcoin price dropping after a stagnant period than that would be historically inaccurate but everything happens for the first time eventually so I can't say it won't happen.
But, historically speaking I am quite happy right now because when the prices stay at the same levels for a long time it means it is gathering power (whales gathering as much btc as they can slowly so it doesn't go up quickly) and than one day everything skyrockets and we reach a new all time high price which is unfortunately followed by a huge crash.
After the huge crash, just wait for the surprise because in a long run we might not stop the massive pumps that will going to happen. I don't think everyone will be calm in the future when that certain scenario will occur. Maybe I just sit by and sip a hot coffee, while watching on my monitoring seeing greener market became astonishing. I think we have seen enough dumps and are used to it now. This is not a big surprise now. The new thing will be when we will see big pumps which are stable and are not followed by the dumps. Then we can say that bull cycle has started. |
|
|
|
This year 2017 has not been favourable to those that buy bitcoin in 2017, ended and are still holding. Bitcoin is in a state that we have not expect as many investors and speculators were saying bitcoin will get to over $50,000 this year. We should still holding as selling below the amount we buy is selling out of pain and frustration.
Well unfortunately, those people have limited choices. By this time, those that probably got in because of hype had already sold their btcs and those remaining are set for the long haul. Disappointing of course, but you have to look way ahead if you don't want to lose. Well the choices are not limited if one knows how to avail them. There are many people who are just holding the bitcoins as they bought them at a very high prices like 15K or above. They are waiting for another bull rally where they can also sell in profit but this wait is getting too long. A better approach maybe to invest these bitcoins in trading and make double/ triple before we see a big run. |
|
|
|
Money matters to live free. The more money you have, the more independent you are. And independence is one of the main properties of man.
What surprises me most is that the people who have a lot of money themselves, often I see them saying that money does not matter. Maybe they don't know the importance of money since they already have it. Ask from a poor person, how much he wished to be rich.  |
|
|
|
|
Show Posts
