China appears to be adopting the inverse polar opposite of a cashless society.
I think that the conclusion is incorrect. Any government may try to convince you to use cashless means of payment because it's cheaper and easier to track. But they have to support the original paper currency too, it may be even in the constitution. The "cashless" society will not mean in the near future that all the payments will be done without physical cash. Even a 75% would be already a huge percentage. And I guess they may push to 90-95%. Try to see the reality behind the commercials  On another side, also abandoning completely the "cashless society" direction would not surprise me. The ways of Chinese government are quite strange in many aspects, we know that. You said it right. Going cashless or electronic does not mean that paper or fiat money should be rejected because there will always be segments of the population that will prefer things the old way. What about if one has no gadget or maybe has no card...should we then exclude that person in the workings of the economy? Of course not. When credit and debit cards were introduced decades ago, many were then concluding that soon after people will stop using the fiat money but look at the world now we are still using them while cards are also popular. Those can happily seat alongside each other so why choose to impose one over the other. We are in the global economy that is very diversified and complex so choices should be available to all to enjoy. |
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These top countries will be dominating cryptocurrency trading and exchange for the next many years. What is significant here is that China remains to be a big force in this marketplace even if their government has had been waging a war on cryptocurrency (though they love and expanding on the blockchain technology). I am wondering why Japan is not figuring that much though am sure that Japanese are top crypto-loving people too and one of the first to recognize Bitcoin. Another significant fact here is that it can really be so lucrative to do cryptocurrency exchange business though this is getting to be very competitive now that there are already so many players on the market and more can be coming. |
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Like every fiat currency today, bitcoin has assumed the position of a currency though typified as a crypto-currency. But in reality, it is obvious that the value of any country's currency depends to a large extent on her economic dynamics and activities (demand, supply, external reserve, level of production, etc.) . By that i mean, the strength of an economy determines the strength or purchasing power of her currency against those of others. On this basis what can we allude to be the cause of the recent decline in value of bitcoin? This is because, the United States, China, Europe etc experienced mild growth in the 2018 fiscal year as such one would have expected an improvement in the value of bitcoin just as the value of those other countries have either stabilized or improved.
I am sure that the price or value of Bitcoin is not dependent on the economic dynamics and developments affecting the global economy. This is just purely demand and supply thing and the main evidence of this was the bull run that happened last year which was fueled by blind speculations. Oh, how I wish to get back to that time last year and cashed out my little Bitcoin hoard...this would have make my December more smiling financially. This is also the reason why I see no big reason for any bull run in the coming next months and even if ETF can be approved it can still be short-lived. The bull run can only happen if there will be massive use of Bitcoin by more and more people but this scenario is not coming in the short-term. |
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Bitcoin has been hailed as a revolution in the past many years but one thing that is stifling this revolution is the lack of massive adoption by the people. Well, we have to remember that in the global marketplace it is going to be the users that can determine the life or death of anything. When there is a big demand for anything, you can be sure that the price can increase otherwise things will be going south. As of now, there remains the very slow progress on the adoption of Bitcoin especially in third-world countries and it can be because the right infrastructure is still not there and the fact that it can be taking time for Bitcoin to penetrate as there is no massive investment on advertising here unlike many multi-national companies which got money to burn on telling people on the beauty and advantages of their products or services...relying on the power of mouth can only do much for Bitcoin. Plus the fact that there remains the stigma attached to Bitcoin due to many scams that utilized Bitcoin as their mode of payment so there are many people who are afraid of Bitcoin (this is of course aside from its sordid volatility).
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I am sure these are just threats out to scare people who can easily be poked and joked upon. Of course, no threat should be taken lightly but they are now learning that these threats are preposterous at their very best. As to Bitcoin, this can be a bad publicity as no brand would want to be associated with anything like a threat or a bomb. However, as they say, bad publicity can still be a publicity though of course this is not what we might be needing right now that Bitcoin on the dip. Some scammers and hackers are now turning Bitcoin into a big joke but when the bull run can happen next year (hopefully) then everybody will have a field day full of roses.
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There are many people who are assuming that if the economy of USA will be slowing down to the point of recession that people will instead be investing to Bitcoin. I am not really sure of this because the idea here is that people can feel the uncertainty so they are looking for something more stable and valuable...and the question is: can that be supplied by Bitcoin when it is known to be very volatile? One factor for the recent slide or dip of Bitcoin is that people are not anymore feeling enthusiastic as to its future and that is the same sentiment that people may have when the whole economy can be slowing down. I am hoping to be wrong though.
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Going zero can only happen if Bitcoin is not anymore used commercially and not traded in any exchange. Can this be possible? Yes, there is a possibility for it just like what happened to MySpace before Facebook exploded to the scene. There is always the first mover advantage but there is no guarantee that the first or the original can stay on the top for a long, long time. Nobody know what can be so may be we just sit and relax and then enjoy as the history of Bitcoin is unfolding right before our own very eyes.
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People or members and their level of participation are one of the many things that can make or break a forum. This is the same forum that the founder of Bitcoin was using so this will always have a place in the world of cryptocurrency. the forum is apparently less dramatic visually compared to other forums but this is where the action is. People here are sharing and learning and admittedly doing business as well. I guess for now nothing can beat BitcoinTalk and I see no coming competitor...maybe the forum goes where cryptocurrency is going.
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I am reading a lot of negative reviews on Ripple, that it is so centralized, no transparent blockchain. That owners are owning more than 90% tokens and also that tokens are useless. But why Ripple is then so successful and have many partnerships? And now, again great news!
This unification of interest with other similar entities can be good news especially for many cryptocurrency hodlers and enthusiasts in Europe. as to Ripple, there is no question that it is quite controversial and some of the many accusations can actually be based on truths but then again if Ripple can show to be resilient and successful then eventually its many critics will just bow to its magnificence. There will always be people who will dislike anything and that is quite normal. I have some Ripple though so this assessment can be flawed. |
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At this point the ICO space isn't doing all that great so demand for ethereum to enter the market isn't all that great. The foundation should be making some plans to improve Ethereum's infastracture in the near future if possible because some long awaited solution aren't seeing the light of the day in Ethereum and problems like blockchain size, costs and scallability are still plaguing its infrastructure.
This is the best time for the people behind the Ethereum platform to ramp up more development so as to arrest the lack of trust and confidence for it. When all around you is negative the best thing to do is just do the job and eventually the whole market will be seeing the light and will be rewarding you for it. I think Vitalik Buterin knows this and he is doing all he can to make Ethereum catch up with its real potential and has many things store for us in 2019. |
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In my own humble analysis, mukhang may nagbabadyang mga pagbabago sa cryptocurrency market that can be chaotic for some months before it can be able to get back to its feet and be running again. Itong nakikita natin ay mga sintomas ng mga problema sa merkado...isang problema ay ang perceived lack of value and usefulness ng maraming platforms already in the market. Aminin natin na marami sa mga projects ay walang kabuluhan, gaya-gaya lamang at walang direksyon ang marami kung saan patungo...ikaw nga pera-pera lang ang dahilan nila kaya ayun pagkatapos makakuha ng pera eh di na alam ano gawin. Kahit nga ang Bitcoin ay marami din ang nagtatanong kung kailangan ba talaga natin ito...di ba kaya aksaya lang ito sa needed power to make it work in the first place? Marami ang nawalan na ng gana sa cryptocurrency at nakikita natin na ang volume of demand is not there anymore (compared to previous months) at marami ng mga tokens ang tuluyan ng nawalan talaga ng buyers (at viable volume para di paalisin sa mga exhanges).
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Isa sa mga nakikita kong malaking dahilan bakit bumaba masyado ang price ng Bitcoin at ng madami pang altcoins ay sa kadahilanang mababa ang volume of demand at dahil dito madali syang mapababa pang masyado ng mga market players. Nawala na ang mga speculators na nagpataas ng Bitcoin sa nakaraang taon.
Marami ang nawalan ng pera sa cryptocurrency market kaya marami na ang umalis at baka di na bumalik. Sa aking nakikita dumidilim ang kinabukasan ng Bitocin at ng buong merkado...kailangan ng mga bagong bagay at pangyayari para manumbalik ang trust and confidence ng maraming small and big investors.
Ano-ano sa tingin mo ang mga bagay at pangyayari na makakabago sa direksyon ng merkado...aside from the ETF, of course.
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Halos pareho tayo ng karanasan marami din akong binili na mga coins at tokens noon na di ko ipinagbili ng tumaas ang kanilang halaga bagkos ay nag-hodl ako kasi ito daw ang mainam na gawin yun pala isang napakalaking katangahan ang mag-hodl (kahit nga sa Bitcoin di rin maganda talaga ang mag-hodl mas mainam ang trading yun nga lang di ito para sa lahat). This is actually the big reason why right now the market is red...there is no more volume of demand as many people have lost money and they are not coming back for good. There can be some who might disagree with me but this is based on my experienced as a newbie in this industry which is definitely not for people who are just starting (which is quite ironic, isn't it?).
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