I think it would be fun to have some kind of an idea about why people are in on the 'crypto-wave'. Let me be clear, that there is no right or wrong answers and both are good and none are 'better'..
Is it entirely because of the money that can be gained from the potential price increases, or is it because you believe in the tech? Maybe you do not believe in the BTC but other cryptos, that counts as well for 'believing in the tech'.
If you do not know whether you believe in it or not, you have not read enough about it, and then you are in because of potential gains.
I personally do not care at all about the reason, and there is not one of the two which are morally 'best'. It is completely okay to invest from the only belief and hope, that the money invested will become more worth. I just think it is fun to see
I truly believe on bitcoin domination now a days,it helps a lot thru his fast and reliable transaction in terms of payment,but other people ignoring bitcoin they really dont what is the goods factors of having on it .Usually those people did not want to be scam they securing thier assets. Absolutely right bitcoin is best source to pay for daily needs we can easily get what we want in life with bitcoin, fast transaction and low price makes bitcoin the most liked currency for people. Scamming is not big deal if we use wallets to save bitcoin; making profit with bitcoin is first attraction to investors which attracts most of investors to invest in bitcoin and save it for long time. I believe in bitcoin because it has changed my life from bad to better. |
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I do not think it will happen, because physical money is the economic link between countries. other than that bitcoin instability can not be used as a reference for payment. bitcoin is preferably an investment.
Well to some extent you are right that fiat money and bitcoin currency are two different things and they have different features, fiat money has physical appearance while bitcoin is digital currency, but bitcoin is not just an investment but it is able to use as payment too, so I think people like to invest and use bitcoin as payment too. |
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The question itself is the answer “PANIC”. Everyone knows cryptocurrency market is highly volatile and risky. And most of the people do emotional trading. They sell when it is crashing. And suffer from the loss. They panic and sell in the loss. What is the point in selling at low? One must wait for the market to turn green and bullish. The way to stop the panic is to not engage in panic-inducing activities such as day trading. It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead. The doctor says don’t put your arm overhead  If you are in need of urgent money than selling is OKAY but for profit, HODL is the best. Totally agree, but I think that panic is characteristic for people who have no enough experience, if person is aware of crypto trends he/she will not that it is very silly thing to sell when the price is low, and the situation will recover anyway. Agree with you most panic seller are new users, experienced and wise investors never sell at panic price, I think before investing it is good to make proper research about investment of bitcoin and then go for investing, no situation remains permanent in bitcoin investment as rise and fall happens, so don’t worry if price fell down as when it increased then it increase thousands of dollars. |
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After a long wait, the value of bitcoin finally reaches 9,000 ++. But let us not have fun first, because it can change at any time.
well, we can only wait for him for now. although the bitcoin has declined again, I do not think the price will be below $ 9000. well, maybe it's just warming up before the price goes back up, and it's green. Yes patience gives us profit and we should hold as much as we can hold, if we will let price grow we will be able to earn more profit, don’t sell at low price and don’t get worry because it’s quite normal because bitcoin has fluctuating nature. So I am very sure as much as price of bitcoin is increasing soon as well see it as green day currency, there are 50% chances to see it as legal currency in my state so bad days has gone, now it’s time to see market turning green once again. |
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Dispelling Some of the Most Common Arguments Against Crypto
Once in a while, every crypto-enthusiast will run into somebody who is skeptical of the industry altogether. People like this usually have never invested before, or did once but lost their money. As somebody who cares about the field of cryptocurrency and has invested several times in the past, it can be mind-numbing and frustrating to hear the opinions of people who have only ever read headlines and soundbites regarding the topic.
Make note, it is reasonable to be skeptical of cryptocurrency and present some well-researched arguments against them, but the people being referred to here are those that know very little about the industry and have no noticeable desire to get acquainted with it.
Here are some of the most common arguments you will hear against cryptocurrency (either from people you know or from news outlets) and some simple responses to them.
“Cryptocurrency is a pyramid scheme.”
Occasionally, I will run into a person who claims that cryptocurrency (or more specifically bitcoin) is a pyramid scheme and that only those who were first to the market will be able to make a reasonable profit from it.
While it is true that the earliest adopters of coins like bitcoin and ether have seen the most significant increases in their profits – this does not make it a pyramid scheme. Pyramid schemes are structured so that subordinate investors must pay or hand over a percentage of earnings to a higher level investor. This is not the case with cryptocurrency— if you head to an exchange to buy a coin, it is possible you will be buying from somebody who is at the same level as you (i.e., they invested around the same time you did). This is not possible with pyramid schemes since the only way to make money is to recruit new members. With cryptocurrency, you can trade and exchange with new or old investors. Also note, the main aim of cryptocurrency is not necessarily to get new investors since the price of a coin does not exactly rise due to adoption. Positive news regarding programming updates, partnerships, and new features can also just as quickly raise the price of a coin.
“Cryptocurrency is only used to buy drugs and launder money.”
This statement is commonly used by media outlets as a way to discredit the entire industry and the technology behind it. The best way to refute this statement is to briefly explain the nature of the blockchain and the sheer level of transparency that cryptocurrency offers. Most people who do not know anything about the industry get the impression that using this currency automatically masks your identity and your movements.
Explain to them that most coins have a global database of transactions which can freely be viewed by anybody. This, alone, is enough to discourage people from laundering money and purchasing illicit substances since law enforcement, the IRS, and other government bodies can track purchases with more ease than fiat.
“There is no underlying. value”
This is a half-truth. While cryptocurrency does not rest its value on assets like gold or land, it instead derives value from its developers and its code. Arguably, this is similar to how legal tender derives its value from its government and laws. Similar to how a decision or press conference from the President can affect the price of USD, an announcement from a lead developer can affect the price of Litecoin.
“It is too late to make money.”
I have personally found this argument to be said by people who only know of one cryptocurrency: bitcoin. Generally, the easiest way to open their mind is to show them that CoinMarketCap actually lists over 1500 coins and tokens. Of course, only a fraction of them are worth investment, but it proves that the industry is expansive.
New coins and tokens are constantly entering the market, many of which shoot up in price significantly after a while. One coin that has not had a long history, but is valued highly, is Nano. The coin only came into existence in early 2017, but in the space of a little over a year it has risen to the 28th spot. The main reason for this is the team it has and the technology it runs on. Finding a new coin with a great set of programmers and impressive code can be one way of making money in the industry. Of course, it is not the only way. The much larger coins like bitcoin, ether, and monero are still considered good investments now— this is because people still think the technology is undervalued. If that is the case, then it certainly is not too late to make money.
Originally published at cryptodisrupt.com
A very good article. But personally, my opinion, let the haters of the bitcoins continue to think so. I'm not going to convince anyone. Less competitors means it will be) This is business. No I think we should not let them to think they way they do, because if our small effort will prove as source of promotion for bitcoin among hater then it will be great success, people who says bitcoin is not good are those who don’t know about bitcoin properly so they are actually just lake of knowledge nothing else as according to me bitcoin is loveable by everyone who want to get money. |
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I also want to talk about encryption by encryption. If someone knows your home address, it does not mean they can go inside and use everything in there. They need a home key, and that is the private key: something that helps you (and only you) access and manage your assets. Obviously you have to keep the house key carefully, do not hit the keys and send them to anyone you see off the street! Private key too.
It is very important to safe your pass word from those who are in search of people to get their bitcoin by hacking, we should remain careful while going for payments in markets and shopping malls with bitcoin. For sure experienced and well known exchangers should be use to get and sell bitcoin, as much as you will keep your private key safe they more your bitcoin will be secure from all kind of problems so I liked your point of view. |
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I recommend blockchain and coinomi. lots of wallet for bitcoin, but only those two wallets that I use.
Yes I also suggest block chain to every consular who ever ask me about wallets of bitcoin, block chain has fine features that everyone like to have it and store bitcoin in block chain, now there are a lot of high level companies who are switching to blockchain technology now, so I prefer using blockchain its reliable to use and safer to hold. |
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We can not tell no because of the technology today there might be a very strong currency be introduced in the digital world, and would surpass the technology of bitcoin,and offer great services to the people, but as of now bitcoin is the number one digital currency and it is on top .
No it is not possible according to me as no currency can be able to surpass bitcoin. Bitcoin is the mother of all other currency, and will remain the kind of forever, as bitcoin was the first currency that was invented for online payment and other coins are invented after that, bitcoin is the first priority for a lot of people including me and it will remain number one forever. |
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It's definitely good news for our cryptocurrency but be aware that the flow can easily change in an instant. Today they want it, tomorrow they bash it. But if you play it smart, you can use this to your advantage.
It is true because anything can happen anytime in crypto currency, we will have to remain active to see its rising and falling both but no need to lose patience and sell it, if they will buy bitcoin today at very low price then it is sure that maybe tomorrow they will be able to sell it at high price, as much the demand will increase the same way bitcoin will get high in price,. Buy low and wait till it become high to give you high profit, |
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Bitcointalk Username: Activitycoin
Rank: Full Member
Current post count: 348
Bitcoin wallet address: 1LPynWJnUjokMsPzQtzH31pkmjBoRpYoqw
DEPOTWALLET Address: NCV26S-YJOF22-5QL27H-SK2AVR-XIWUY2-VHONBJ-Y7ZD
Wear appropriate signature: yes
Wear avatar: yes
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Not yet, bitcoin will not die this year. Stop making a statement like that you are just helping those people to bring bitcoin down. If you really believe on this thing you will say positive things about it.
One day I will be back on this thread and tell you that you are wrong, bitcoin will bounce back for sure, just wait for it.
Bitcoin will recover and it will live for many years! I will not be surprised if the new fork of BTC will make the coin going to the Moon. Those ones, who are supporting the rumors about Bitcoin death are scammers I think Bitcoin will never stop increasing and it is the main reason why almost everyone is supporting bitcoin, right now it is time to invest and trust bitcoin because price of bitcoin is increasing more and more with time. According to me investors are those people who are keeping bitcoin alive and they know bitcoin will never stop so bitcoin will never die because it has very long life and investors and holders of bitcoin will never let it die at all. |
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The popularity of bitcoin has grown rapidly in recent years with the development of the Internet. I predict that the price of bitcoins in 10 years should be more than half a million dollars.
It is not possible to compare the concept and operation of bitcoin and conventional currencies like uero, usd ... the difference in nature will determine that. The decentralized supply is a strength and also a challenge to the development and future of bitcoin and crypto. It is too early to confirm this because many effects or adjustments can occur at any time to create volatility. Well you are right that we cannot describe the price of bitcoin even for tomorrow as bitcoin is really an unpredictable it uses to increase and decrease. We can make only prediction about coming price of bitcoin for few years. Bitcoin fluctuation and the decentralization is for sure the powerful features of bitcoin which makes it unique and different from all other currencies so for me after the long time of 10 years will bitcoin get the highest price and it will become powerful for more and more profit, maybe we will see bitcoin as globally legal currency after 10 years. |
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If you become a very successful trader you will earn millions or even billions depending how you work but of course you also lost alot of money to become very successful in this hard job.
Exactly it really matters if you have good income every month and you know how to earn properly in trading then trust me you will get a lot of profit out of it, trading is able to make us rich and increase our income but for this you have to go for long time trading and don’t lose your patience if you see than market is going down these days, buy at low then move to the long time trading, then again sell and trade for long time so time to time you will learn to be rich and successful. |
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for me , Trading is more likely to be skill ( Knowledge , and experience ) than luck. luck for sure is important in trading but when you study the market you would make sure to not take an emotional steps , you would take strong studied steps
Yes for sure trading will imp[rove with time but you will have to get a lot of knowledge about it, if you want to earn with bitcoin trading then try to improve your skills about bitcoin, day trading has a bit risk so we will have to rely on our own skills, if we will use our knowledge for right thing then we will not lose anything but gradually our income will increase more and more, so try it, if you are skills and you know how to deal with the situations. |
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do you think that there is a correlation between the price of bitcoin and the news trends ?? I check the google news for "btc" everyday and I noticed that in the previous months when bitcoin's prices were dropping, the news were all grim and calling btc to be dead. however now that we are seeing a "potential" reversal (this could very well be a trap) I am noticing that the news are positive mostly.
so what I think is that the news are reflecting the "emotional" state of the market and what investors are feeling about bitcoin, and now for the most part it's positive.
This is the art of trading cryptocurrencies . News is just news, rumor is just rumor, both of bad or good, its what we call fundamental. Beside them, don't forget about analysis technical which show us about psichology of most trader. So it's technically show up. If you will put your attention to them then you will never learn anything but if you will focus on the trust you have for bitcoin then no one stop your way, always do remember that bitcoin use to increase and decease but you will have to wait and don’t sell your bitcoin, market rises again after falling but our faith and our trust matters a lot, we should build our trust about bitcoin, falling and moving makes us strong so don’t get stressed if the price is low just wait for it to increase more and more. |
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Is it a good buying price for bitcoin?Might cross-border activity often lead to better demand for bitcoin?So bitcoin will do better in the second half of the year.What do you think?
Yes it is the right time to buy bitcoin while the price is low. There are predictions and speculations that the price will get higher at the second quarter of the year and if it is happen you will earn profit even in a short period of time. Well for me every time is good time to buy bitcoin, everyone is saying that bitcoin price will get high with few days, but we will have to wait till bitcoin get at the top of all other currency, people are trying to buy bitcoin by hook or by crook. So it is right now bitcoin is not very high but getting high gradually, some. Bitcoin is improving with time so we should not sell wait a little more so you will see the market getting green with few months waiting. |
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Agree to see the situation as it is now. This is good news for all of us, may stop at a long journey to see the painful numbers, it's time to prepare the profit calculation.
Yeah now it is increasing and we are getting more profit than before, it is now best time in the history of the crypto currency so we are going to see the green garden of bitcoin price once again, bitcoin is increasing in power o support it more to make more high. Bitcoin has been down for long time and a lot of those investors who were holding their breath and were waiting to see it getting high one day are dancing now with joy that bitcoin is getting better once again, prepare yourself about the coming situation, don’t sell until you become sure about highest price ever. |
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This morning I saw an article where a guy made a simple calculation through Google trends about HODL strategy, and it showed that call to HODL used less and less from February of 2018. Popularity of word Bitcoin and crypto currency is also falling down. Why it is so? Do not people believe in Bitcoin and it's bright future anymore? No matter on such tend I am going to HODL my founds till bitcoin will not come back to 20k$ Holding is not bad because it only means that you have patience , there are traders out there who are losing a huge amount of profit because they tends to sell their coins at the lowest price when their coins is melting. Patience is the key of success and it is the only way to see the price very high, for sure if they will sell bitcoin at low price then for sure they will lose profit, don’t panic today if you will hold with a few months patience then tomorrow you will see price very high and profit will be above your expectation, impatience makes the profit melts so freeze your mind avoid selling at panic price, so you will get huge profit at the end, my own strategy is the holding and I will hold as much as I can hold. |
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The government will definately try to regulate somehow bitcoin and other cryptocurrencies, becouse people of power doesnt like, when something is not under their control
It is not that they do not like something that is outside of their control, it is because they fear it, they feel threatened, when they cannot control every single thing around their world, you need to understand that people in power are very insecure people despite the appearances and what they say that is the truth, they have climb up to those positions and the thing that they fear the most is to lose those positions and something like bitcoin and cryptocurrencies have the potential to diminish the power they wield and that is something they are not going to accept without a fight. Yes you are right that bitcoin is good and people are they real power in crypto currency, the more people will support bitcoin they more it will increase in price and in demand, it is good to buy it at this time, bitcoin is not under control today as government is now having that much strength to see the currency as legal currency down ward, bitcoin is above legal currency, but our government is fear that soon bitcoin will be legal and their own currency will be down and gradually it will get vanish, so for me they should trust and support bitcoin instead of having any kind of fear. |
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high of $8,204 will you take your bitcoin from your wallet to change it to a real money... or you will stay tune to wait a positive increasing and hold your bitcoin stay in your wallet  ? For some people who have bought bitcoin when the price is above $8,204 USD I think it's still HODL is choice, otherwise when buying below that price might be a good chance to get a little profit. Depending on holder's willing to profit big or perfunctory. Especially true bitcoiner must select hold because it awaits the desired result. Long term investment for bitcoin should be considered as this is the most efficient way of earning good profit with bitcoin. Short term period is not advisable since you cannot see the potential span of the increase in price value where you could only earn a very minimal profit by then. People that are already veteran in this field usually favor for the long term investment and that is why they are successful with their investment plan. For sure not comparison with holding and investing, if you buy bitcoin today then you hold for long time with patience trust me you will get bigger profit at the end, I never suggest my friends to sell their bitcoin even if they have noticed the change in market but I still say them to hold because I know bitcoin price will increase more and more with time, so always plan something huge before you invest in bitcoin and then forget about your bitcoin by holding your bitcoin in your bitcoin wallet. |
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