That's why it is better to accumulate more Bitcoin and HODL it for more years since the price is always increasing every year. Bitcoin never ceases to amaze me every now and then that why i really like to HODL more of it. It is a better investment if you are planning to hold it for too long and that would mean you have to wait upon waiting you also have the patience to wait.
Sooner or later Bitcoin will gain more trust in society and it will gain a lot of new investors every year.
rapid development and supported by public trust, making bitcoin increasingly sought after, especially for those who want to invest. by looking at this potential, there are many who equate bitcoin like digital gold. |
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I think everyday trust toward to the money is rapidly depleted, and people will finally realised how ignorant and gullible they’re to just earn the IOU garbage fake money, do you think crypto will trigger the complete bank run? Or any other delusional store of value that we don’t know yet?
If you consider US dollar as one of the fake money you're talking about, why do bitcoin and other altcoins being analyze based on US dollar. Cryptocurrency won't elimnate the current currency. They'll exist together at the same time because they have different purpose in our system. right, I think the best achievement that can be achieved by cryptocurrency is as an alternative payment that accompanies fiat currencies. of course the government has considered to maintain economic stability in the country |
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It looks like it will be used outside the Facebook network. Issuance and redemption will obviously be centralized just like with Tether or the Gemini Dollar, but they are in discussions with Coinbase and Gemini so they can list markets for GlobalCoin. So obviously people will be able to transact outside of Facebook.
So the big question is, do they plan to launch their stablecoin on a decentralized network like Bitcoin or Ethereum? Or a completely private, permissioned network validated by Facebook?
I'm leaning towards the latter. I'm thinking that this could be just private in the very beginning as Facebook will just test the waters and see how the people will react. If they see that people might be interested on something like a decentralized network, they eventually they will succumb to the crowd and open it for future investors. But for now, I don't see it happening, they don't want to openly go against bitcoin or any other particulars like stable coins. I agree, they seemed to be testing to get data on Facebook users' interest in cryptocurrency. of course it is inseparable from their business strategy in reading business opportunities. we know that the coin is not as fast developing at the moment, and as if it hasn't been done seriously |
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That's their job, government are corrupt, they let people suffer for their own interest.
Whatever country you belong, those who are in power has the power to manipulate the world, it's easy for them to cover their wrong doings with their power. But I am not expecting that they can cover up that forever as time will come the truth will come out.
I have no trust in our present financial system, it's run and control by corrupt people, if we want to see some transparency, we should all shift to decentralization and that is where Bitcoin is our savior.
therefore what we do is promote bitcoin so that it is widely used by the community, so that it can urge the government to issue policies. so that it can support the existence of cryptocurrency |
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This is just a pure black propaganda. Bitcoin is very useful and it was proved many times that is has its convenience more than fiat. Those who damage the economy are those people who make under the table deals and officials like customs that ask too much money just to import goods. If only they start using btc then that damage would not happen again.
Some people don't like it when there are alternative means of paying for goods and services that either can't be tracked or properly regulated. Bitcoin is the way that people skirt around the standard currencies, and governments are the ones who don't like it. Mostly because they can't guarantee that they're getting their fair share of taxes from it. When you really want to get down to it, those who are already corrupt don't want competition leaking into their market share. As you mention, under-the-table deals and excessive import fees, which could take the form of bribes in some unscrupulous countries, are some of the biggest detractors from economic activity that can be measured, let alone considering the criminal aspects of it. BTC allows for more transparency, especially with the public ledger, but that's probably also why some people are against it. Some prefer their activities being left in the dark. Country like mine who is filled with so much corrupt practices is the type that may never support bitcoin because of the transparency it will bring to its operation. The corruption happening in the government of some countries is more than 100x of the one going on w the ICO, they are just using ICO scam has an excuse to kill the system, meanwhile they are simply protecting their own personal interest that BTC is capable to overriding. Some government lives solely on citizens tax and has no other means of income, so how do we expect them to accept or even regulate cryptocurrency. It will really be impossible for some countries. just like in my country, I think the case is similar to yours. but the difference in my country is there are plans for bitcoin to enter the stock market. but not for payment instruments. and for reasons of corruption, until now there has been no realization |
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If Bitcoin reaches 100k tomorrow, there will be 180 million to be earned, miners would be happy to spend 150 million a day on energy to get that. At a price of 5 cents per kwh....you're not going to like the result  A large part of the expenses incurred by the miners can be attributed to the capital costs. Setting up a mining farm can be very expensive, with all those mining rigs and air conditioners. Right now, there are only a few manufacturers that produce the mining rigs. And they don't have the spare capacity to increase the production 100x. Which is real, the setup will already burned you as hell when you do this mining business, not everyone can afford that only those who have huge investment capital and have a good source of cheap or free electricity will manage to proceed and do this business, its a risk to take even value of bitcoin will increase to that level. cheap electricity resources will be very difficult for developing countries. only developed countries can do so with an established level of welfare. of course if that happens, it will be a good mining for minner, of course the cost will be reduced |
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Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
this is just my imagination, the economy in the country will be chaotic If the government supports bitcoin instead of the existing currency, but it will be stable if the government in the area issues their own country cryptocurrency. No government will replace its national currency with bitcoins.As you know it is very risky.You are trading 1 bitcoin and then risk,but what do you lose in the end?Correctly what the part of.And what will the government lose if suddenly bitcoin collapses?The government will lose everything and eventually there will be chaos. but there is one example of a country that has changed their currency with bitcoin, namely Venezuela. but indeed this country is in trouble with acute inflation, so that their currencies become worthless. hence the government replaces it with bitcoin, as well as for economic recovery |
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Maybe it is true theoretically, but on practice Bitcoin is ridiculously far from affecting the global economy, and we'd need a high level of Bitcoin adoption to start observing such affects, probably something like 20% and more. Right now maybe 1-2% of global population uses Bitcoin, and they just use it from time to time, since it's nearly impossible to go 100% crypto right now. Right now there's no reason to worry about it, and there are other more important problems that need to be solved - removing supply is theoretically possible and can be done if enough people will support it.
Even gold doesn't have that much of an impact on the global economy, and that while we're talking about an asset with a market cap of $8 trillion. I don't think Bitcoin will go further than gold in terms of usability. People in well developed countries are mostly pretty keen on their local fiat currencies because they work exceptionally well. It's close to impossible to dent fiat's supremacy with how its offering more and more convenience. Bitcoin offers less and less convenience because it just isn't useful as daily form of money, and it's getting more expensive to use year after year due to the increase in adoption. Fiat currencies that receive support from the government are familiar to the public. and also this currency that is declared valid by the government for daily transactions. I think bitcoin is allowed to be an alternative payment besides Fiat, it has become a very good achievement |
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Thank you for your response! I had a friend download and install the app for a look. I didn't mess with it much, but I could not find a way to load the wallet with BTC. I assume it can send and receive? It would suck if I had to buy exclusively from them.
From what I have read, there is no way to send or receive Bitcoin at all. The way I understand it, it works with what you have sitting in your Gemini account. The POS terminal will present you a QR code to scan, where in the background the converting happens by Gemini according to the paid amount. This means that you don't have to ask to pay in Bitcoin, and the merchant you are purchasing an item from won't ever find out that Gemini converted Bitcoin for you in the background. They receive fiat as with any other payment. Thank you for the explanation, first I read it seemed to be able to immediately accept bitcoin, but it didn't. even so, at least with steps like this, including campaigning for bitcoin for everyday life |
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because bitcoin prices dropped as a result no new rich people arrived suddenly. . . on the contrary, many people go bankrupt because they suffer losses ... haha haahaa
I don't think it is like that before starting the investment with crypto currency, I think we already know the risk that we will get, one of the future developments will be rich in crypto currency investment, meaning investors are good at taking advantage of investment opportunities. That is right. Doesn't mean the price of bitcoin dumps, they lost a lot. Loss is inevitable in investing and that is normal, and not be laughed about. I think the OP laughing about this means he knows nothing and what he only know is that the price drops and people will be regretting we invest in it. The OP posted this on May 1, as far as I know, the price of btc at that time is still lower, the price since then pumps and I think the OP is embarrassed by this. I think it depends on where we are. when the price goes down, if we just let go of assets, we profit. when the price drops if we start looking for a position to buy, it means we are just starting to enter the market and get a low price, have more profit opportunities |
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it's true that printing money is not an easy matter that can cause problems, of course this might have to be considered because their politicians are very cunning and greedy. for that the government is better off adopting crypto with a supply that is clear and cannot be multiplied
Well, we can't stop the government. All I know is that they are printing money based on the number they needed. If they will be printing money, as far as I know, the value of that currency will go down hence inflation will happen. I don't think the government will even consider btc or any other crpyto currency to use, they will never control it and people will be able to transact money without them knowing and they don't want that too. to print money does not have anything to do with bitcoin or cryptocurrency as a consideration. but it does have to have gold reserves. with continuous money printing, it will certainly cause inflation, so the value of the money becomes more worthless to buy an item |
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Cryptocurrency is not made for it to be stable.Cryptocurrency is always and a must to be volatile because this is what we are familiar with earning money or lossing at the same time due to sudden pumps and dumps.This what makes cryptocurrency a thrilling investment
I think volatile is the nature of the market that occurs because of sales volume and purchase volume. while crypto is still lacking in people who trade it, making it easier to influence the price changes of each large transaction. but it will be different if crypto has been trusted like gold |
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You did not mention bounty hunters, there are so many of us here, I am here as bounty hunters and it's one of the best jobs I have over the years, you get to stumble great projects not only profitable and rewarding but also fulfilling, finally a small guy like me doing something for a soon to be great projects, but of course there are so many scam projects too, it's one of the risk.
I agree. from the beginning to know bitcoin, I participated in bounty campaigns, and even though this job seemed easy, it required high discipline, to fulfill the rules set. I think as a bounty hunter, of course I have felt a scam project |
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2 years ago that was the first time I heard and read some of the articles about in cloud mining site.
And according to what saw for the majority of the community in crypto world, most investors who invested in
cloudmining site they never receive their ROI completely. In short, cloud mining is not profitable.
I just heard from the news that cloud mining is less profitable, so I ignored it, and chose to trade to buy potential coins. and it turns out that until now, many are disappointed with cloud minning |
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I think every state in the future will create its own digital currency. Although these currencies are similar to Bitcoin, they will not have the same features. The money of the states will surely remain central, and they will not have a decentralized currency such as Bitcoin.
I agree, by following the increasingly advanced technological developments with the presence of digital currencies, of course the government will make its own digital version of the currency. and with a system that is still centralized, the government does not want to lose control |
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I strongly agree with subtle deception with discounts everywhere because most people talk about the secrets of playable prices and discounted words to deceive someone into what is happening, so there is nothing wrong with how smart we are at managing expenses so you don't buy what you really don't need for a long time, all stores have their own strategies.
discounts are made to attract the attention of customers. with attractive discounts, it can change the psychology of a person who had no intention of buying, so he thought of buying it, even though the item was not needed yet, this strategy was very much found like today in the month of Ramadan |
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i have never invested with my money, i started with bounty campaign and till today i solely commit to it. investing with money here in my country is more risky because of too much fraudulent vices prevalence which has affected many psychologically. i could start because i wouldn't need to fix money and i will have little or nothing to lose. but i am grateful i started.
without spending money and investing you can be smart. of course this does not contain material losses. but indeed we have to work extra to get wages from the campaign program. and I think that is the best way for those of us who still have free time |
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Managers win well, salaries are high, a high rate is raised every year. For others, the minimum paid salary is a very low raise. The goods increase more than the minimum wage. Unfortunately, this is the case in many countries, the system that will not change for many years. Therefore, we must invest in the future when we are young. Even may be with little money.
indeed, there seems to be a gap that does not favor the bottom. but I don't think we should rely on one source of income. by looking for other sources of income in your spare time, you can certainly lighten the burden of your life. so that fate does not only depend on the company |
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I think it's very possible that Bitcoin will reach $ 11k. with good news, it will certainly make the bitcoiners not sell and many will buy it to welcome the bullish market. I hope that until the end of the year BTTC can penetrate the highest resistance area, so that the road will be brighter the following year
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I don't think it's just a correction, but a severe dump, in my opinion. at such times we are psychologically tested. especially for those who invest at the beginning of 2018, of course they feel very much mental stress. but this year a little hope reappeared
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