If the price of bitcoin increases with time, the degree of its volatility will also grow. Indeed, while we can say that bitcoin will always be subject to volatility, this is its immense quality. Investing in bitcoin will represent an increased risk when its price increases very much. Then the manifestation of its high volatility and a sharp decline in its rate can lead to panic, and this, in turn, can actually lead to its depreciation.
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Sweden can and will be able to switch to the use of non-cash money, there is a fairly high standard of living and income of the population. However, those countries where low wages and other related problems can not follow its example will not be able to follow suit. In these countries, cash can not be dispensed with, not everyone will have the opportunity to use cashless settlement, that is, in most countries the transition to the use of non-cash money is not yet possible.
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The stability of bitcoin is needed now to ensure that the states, on acceptable terms, legalize the crypto currency and that bitcoin is given the status of a legal means of payment. If he exhibits high volatility, then it is unlikely to happen. States will again consider it a financial bubble and the process of its legalization will be greatly hampered. Of course, on the other hand, the volatility of the crypto currency is good for traders and investors, who largely derive their profits from high volatility.
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Apparently soon all bitcoin will be obtained, and either the price will go up strongly, or something terrible will happen with bitcoin
It must be assumed that by this time 17 million bitcoins have already been mined, or it will happen in a matter of hours. However, it can not be said that all 17 million are in circulation. It is estimated that about six million bitcoins have already lost access and this figure will only increase with time. If all 21 million bitcoins are mined, nothing substantial will happen. Everything will remain the same. Some believe that after this bitcoin will grow in price, as the supply will be limited. This is not true. The market will operate in the same mode and large batches of bitcoins will also be thrown at it periodically.
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This is quite logical. For gold, people turn to banks, and for crypto currency - to the Internet, where there is a crypto currency. This does not mean that crypto currency is more popular than gold. About gold, people know almost everything and for a long time. People are interested in a new phenomenon. which is the crypto currency. And this is also logical. So there is nothing surprising.
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when will legalization bitcoin? why this does not happen? are there any countries that have legalized bitcoin? or already somehow now it is possible to legalize the income received from Bitcoin?
Now most states are forced to consider the issue of legalization of the crypto currency and recognition of its legitimacy of circulation on its territory. The state can no longer stand aside and ignore its actual circulation, especially since the Crypto currency has a fairly decent value and it is being dealt with by more and more people. However, this process will be quite lengthy, it has a lot of difficulties, because this is a completely new phenomenon in financial relations and some features of the crypto-currency, such as its decentralized nature, anonymity, big volatility can not suit the state. Therefore, states will solve the issues of legalization of the crypto currency differently. This should be perceived as a natural process, but it must end with the victory of the crypto currency.
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End banks, yes, because bitcoin doesn't need banks to be used. But i don't thinl bitcoin will end governments, because governments don't only have to regulate money in a country, and apart from economy, other ministries still need to be organised and bitcoin won't play a major role there.
Bitcoin never had the goal of destroying the government and, besides that, he is not able to do this. Also, bitcoin and other crypto currency can not destroy banks. People who write this seem to have no idea how government agencies and banks work. Banks and governments are an indispensable attribute of each state, and it is better not to conflict with the state of bitcoins and all the crypto-currencies, because the result will obviously not be in favor of the crypto currency. The state as a form of social structure and government as a way of a concrete organization of such a device has not yet been succeeded in destroying anyone, and they have existed for thousands of years. Bitcoin and crypto currency can only be introduced into this system of social device in an evolutionary way, and no more.
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In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
Governments, of course, will issue their own centralized digital crypto currency. I can not now say how successful it will be. It is possible that it can partially displace fiat, but it is possible to switch completely to the use of digital money in a high-tech society with high incomes. In other countries, this is hardly possible. I heard that Sweden wants to switch to the use of crypto currency in the next four years, but I am still skeptical about this idea. Time, of course, will show.
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Indeed, there were a lot of chances to earn money on the crypto currency, many coins and tokens increased in price hundreds of thousands of times and if many of us acquired them earlier, they would already become millionaires. However, I think that there will still be many such cases. The Crypto currency is still developing and even when it reaches its maturity, it is not known what it can turn into. Now we see some opportunities, after some time others may appear. Nobody knows what inventions are expected in the future. Ten years ago, no one even thought of crypto currency and did not suspect that such a miracle could be. Therefore, in our century of ways to earn more will be enough.
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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?
For the existence of banks do not need to worry. The banks will always have work. since they will regularly carry out government orders for servicing the country's budget, as well as perform a monetary function, which, in practice, is the main activity of banks. In addition, when the crypto currency is officially legalized in the country, the banks will adjust to the situation and provide various services in the crypto currency for moderate rewards. Therefore, banks will never disappear.
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If the majority of bitcoin holders store them in their purses, this will have a positive effect on their price and the bitcoin rate will rise. If large batches of bitcoins are periodically discarded on the market, as we could see in the example of Mt. Gox from Tokyo, who, they say, and knocked out the bitcoin course in December last year, having thrown three batches of bitcoins into the market for 6000-7000 bitcoins, its course will be lowered for a certain time, depending on the number of beatcoins thrown onto the market. In my opinion, we should not worry too much about the fact that people will keep their bitcoins. We should worry about not being sold massively, because the situations are different and people sometimes have unforeseen situations when money is urgently needed. Therefore vseravno bitcoins will be sold, but I would like it not to be strongly reflected in the decrease in the price of bitcoin.
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If the world now produces about 17 million bitcoins, and to 6 million access from them is irretrievably lost, there are about 11 million bitcoins that are in use. Unfortunately, we can not know how their owners will deal with them. If a significant part of them are periodically released to the market, it can significantly reduce its rate for some time. However, the market is a market and these unknown persons have the right to sell their bitcoins in full or in parts. We can only hope that there will not be a large release of bitcoins into the market in the near future.
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The crypto coins in the market is in the green color it means the value of bitcoin are starting to recovery from the dip and it's slowly increasing and sometimes it decrease a little but it increase again. It's very volatile but I believe it will recover soon and I think the mid of the year.
Bitcoin is already growing quite well in the price and the last week we see its good growth. Now he has already exceeded the rate of 9000 dollars, but immediately went back a little. I think it's just for the weekend, when the activity of trading on the exchanges goes down. Apparently, this is the first signs of its price movement up. Now there are only some good news, so nothing hinders its growth.
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Of course, in many respects the rise in the price of bitcoin is cyclical, but its movement is not going on in a circle, but like everything in this world - in a spiral. That is, we arrive at the same result, but at a different level. However, not everything in this life has a cyclic character in its development, everywhere there are anomalies. Therefore, in general, bitcoin has its own patterns, such as a drop in prices in the first quarter and a significant increase in the latter, but this can not work with unambiguous certainty. In addition, as we see, the growth of bitcoin is greatly influenced by various negative and good news. Their appearance can not be predicted.
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This is because the infrastructure for crypto currency is still very poorly developed and bitcoin does not yet have the capabilities that would enable it to use it as a means of payment for everyday purchases. When he acquires these opportunities and they can be paid directly for goods and services at any outlets, the situation will change. Financial relations do not like haste, the introduction of crypto currency is a very complex and lengthy process.
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Everyone knows that China steals intellectual property, various technical innovations or simply copies at its own discretion various techniques. It is on this that China has recently risen in the development of its economy. Perhaps, a tough trade war between the US and China will still happen, Trump can take appropriate appropriate measures in this respect. And how will this affect the crypto currency? Then it is not profitable for China to issue its centralized crypto currency, it will be convenient for the country to hide behind the usual decentralized if the US introduces various trade sanctions.
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In countries where the circulation of the crypto currency is not regulated and taxation is not established on it, we sometimes have a lot of freedom of action and lack of taxation, despite the fact that sometimes it is very difficult to protect its rights to the crypto currency due to the lack of its regulation in the country. However, lack of control, including taxation, gives many advantages. Well, if in the future regulation will be very loyal, such as in Germany or Japan, but if such, as now in Poland, then there is a lot of additional problems. Therefore, it is really necessary to enjoy the time while the crypto currency in the country of your residence is not yet settled. In the future, because everything can be.
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I think that traders will go to trade in decentralized exchanges, and centralized ones, and those that will transfer data about their customers to the relevant law enforcement agencies, will fall significantly in the volume of trading. Now there are and will continue to appear decentralized exchanges, which can be registered in countries that are friendly to the crypto currency or in offshore zones. This process will be polished for a long time.
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Look at what's really happening in Russia. Only recently the social network of Telegrams is banned by the court decision because they refused to provide information services to the special services about the encrypted data of users of this network. What kind of implementation of crypto currency in Russia can we talk about? In this country, as long as authoritarian rule exists there, there will be no decentralized crypto currency. They will not allow citizens to anonymously dispose of their money, this country is not yet for decentralized crypto currency. There they can only start their fully centralized crypto currency or any step from decentralized to put in control. While we are waiting for the adoption of relevant laws in Russia.
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Wait, Ethereum is decentralized without censorship, fraud, third-party interference or other risks Maybe without the DAO case it could be true. But Ethereum is not immutable chain anymore, it is not governed by math rules but human greed instead. You should look at Bitcoin if you looking for decentralized blockchain without censorship, fraud, third-party interference and other risks, because Ethereum is not such. By the way, soon really it will be possible to pay attention to bitcoin with the same purpose. I've read that soon bitcoins are planning to introduce various improvements, among which will be the opportunity to have clever contracts on the bitcoin platform, as well as now on the ethereum platform. However, it is very good that the crypto currency will already be used by NASA for the exploration of outer space. This shows how seriously they are treating crypto currency and, above all, its blockchein technology. In any case, this will add an image for the crypto currency.
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