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make sure you check a few things before determining the exchange site you use.
The verification method used. Make sure the verification data you send to the exchange is acceptable and make your status verified. this may take several days to verify the data. And if your data is rejected and can't be fixed, you should look for other exchange sites that can accept your verification data.
an unverified account may cause a person unable to withdraw any money in the exchange site. And don't forget to make sure the maximum and minimum value for withdrawal.
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Why not. altcoin can survive until now because it has some advantages that are not owned by bitcoin. Among them, very fast transactions. even bitcoin cash capable of sending 4x faster than BTC. And most of the altcoin, it's really used in everyday business interests, whereas Bitcoin is mostly used as an investment and investors are more likely to hold their bitcoins. So why altcoin cannot survive?
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Sure! I'll always be buying bitcoin. I think of it as a safer place to hold my wealth than in fiat currency, and stocks for that matter. The success of stocks relies on human decision making, and humans can be corrupted. Bitcoin can not be corrupted. I don't expect the price rise to continue on like this forever but eventually it'll settle in to a steady valuation that's subject to fluctuations based more on the cryptocurrency market and geo-political affairs.
If you believe in Bitcoin you should be forever buying and forever hodling.
Of course, you know why? that's because the price goes higher, stronger the bitcoin holder confidence will not sell it and that means people will keep buying and few sell. What do you think if almost everyone buy and holds their bitcoin? Yes, the supply will be cleared and will be close to the maximum point of available supply. And before that happens, people will race so as not to miss the plane that will fly into space. |
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Replacing the role of fiat is not the main purpose of bitcoin creation. You can say that bitcoin is a means to make transactions between people or between countries to be faster, efficient and affordable. But the reality is very different, People are more inclined to hold the bitcoin owned because they believe the price will continue to rise because of the limited supply, so bitcoin is also used as a lucrative investment tool.
This year, the popularity of bitcoin has grown enormously, and this technology has become one of the most frequently discussed topics by the media, so in the near future, I believe bitcoin will be the next big thing.
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Crypto is way too small to cause any kind of substantial effect to any, except maybe the poorest of the poor countries. It has to be noted that they might not even be able to even if they grow big enough; governments are getting smart and are starting to regulate them. There's no way they're going to let cryptocurrencies get out of hand.
One example of crypto making a significant impact on a country though? North Korea. There hasn't been any solid evidence yet, but they've always been in talks about hackings and Bitcoin thefts. Stolen Bitcoins could very well be funding their nuclear program for all we know. No other country seems to be seeking funding from Bitcoin, except maybe the occasional government selling of seized Bitcoins.
This could happen in developing countries or below. The proof, some countries that prohibit the circulation or transaction of bitcoin and other cryptocurrencies have the reason that cryptocurrency can be a threat for the economy because of the potential to be a means of crime. Therefore, I feel that cryptocurrency can be accepted by countries that have a healthy economy, so this cryptocurrency can have a positive impact on their economy, not the otherwise. |
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i am kinda new to Cryptocurrency .
i am going great in stocks. its really technical and fundamental kinda investments
as i see Cryptocurrency its alot more easy to invest and forget
should i shift to Cryptocurrency and start investing without tension and stress?
In stock trading, the profits of 80-100% are great. But in trading cryptocurrency 80-100% is minimum. However, stock trading has a normal risk when compared with trading cryptocurrency that can be considered high risk. This shows that the high risk high profit theory is very true. If you're good at trading stock, you should not switch 100% into cryptocurrency, maybe half of your total assets are more than enough. |
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Do you think it will be the best time to sell as there are two kind of speculations one says the value of bitcoin will reach $20,000 by 2018 and there are also speculations that the bitcoin might go through a dump in upcoming days but i know we cannot believe into random predictions by random users due to the volatility of bitcoin but i need some suggestions whether to hold on to bitcoin or sell it out and invest some of it into altcoins and then wait for the price drop to reinvest into bitcoin which i am not sure will happen or not.
selling bitcoin to buy altcoin in order to increase your bitcoin amount is the worst idea I ever did. I do not really understand whether I chose wrong altcoin or how, obviously the idea failed miserably. In my opinion, if you intend to sell your bitcoin and buy it at a cheaper price, now is a good time to do it. The highest exchange rate when I make this post is Bithumb with a price above $ 20k / BTC and this price is predicted to be in 2018 later, but apparently, this has happened. |
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keep in mind the law of supply and demand. $ 0.89 cent too far away. With the current price, I think the volume will jump if bitcoin reaches $ 10k again. People will buy it in large quantities, and this will push prices back up. The worst case scenario is that bitcoin is prohibited by all nations that cause bitcoin to be worthless. And that is a risk we must know from the beginning that the price may fall at any time. |
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My dad owns a few bitcoins, now he told me a few days ago that he is looking to sell his house in order to buy bitcoins, i told him that he was insane.
No one knows if bitcoin is going to crash or not, but risking a house is something very DIFFERENT from investing a few hundreds or thousands.
If you are looking to invest less than $10000, then do it, there is nothing to loss in there, you can easy recover $10k in a few months.
But if you are going to put all your life savings in here, do not do it, you are going to run with a huge risk.
If he already owns a few bitcoins, there can't be a real need to invest more and more, and risk the house and everything he has gathered. But, if he has a few houses, it can be a wise decision. Anyway, if he want to risk it, and he can afford to risk it, then risk it. He has 50% chance to win and to lose... In my opinion the way forward for the price is still up, but there could be some bumps on the road now, there won't be an easy ride... There are too many people investing now and fees are high, mempool is full. If LN starts that could help a lot, until then, we need to be careful... Maybe after seeing a bitcoin jump this year of approximately 2k%, your father's mind becomes open and intends to sell the house and invested in bitcoin. If bitcoin really does go up, and that's what people predict, he'll get 2 or more houses after investing in bitcoin, but if not, at least he can still buy a worse home from now. I think that's what he's thinking. |
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indeed, some people have problems about searching for better means of investing instead of just saving money in the bank with very sad interest. They found bitcoin, and could eventually use the money that had only expanded 6% per month, to almost over 100%. Undoubtedly, bitcoin and other cryptocurrencies can change the way people invest in the future, and it is possible that this will help drive the world's population economy.
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Maybe if I was XRP. with its small price then I think XRP can soar in future years later. I hope so because I am a user of coin XRP.
With XRP's vast supply of 99 billion Xrp, I think it will be a bit more difficult for Xrp to be able to raise it to $ 10. Although xrp is in the top 5 in CMC, this coin is one of the coins that not mineable. So the demand and supply only really generated from users and investors only. |
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Honestly, I don't trust them and don't havr confidence in them. Somehow I beleive they can't be programed so successfuly to cover all aspects of trading and to react properly in every situation. Successful trader needs his own mind and experiences.
Robots could be maybe used for excercising or for some smaller investments more to play than to trade seriously.
agree, besides, why do we need a trading robot while in all trading sites have a set order function. We do not need to continue to see the condition of the price, simply determine the Stop Loss, or take profit point and finish. If the robot is to predict the rise and fall of prices, I will not use, because the calculations or predictions of robots are not very suitable for the world of trading especially cryptocurrency. |
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I'm looking at Bitcoin charts for the past few days and it looks like a straight flat line. I'm not sure whether to feel happy or sad about this but could this possibly be related to the fact that we now have bitcoin futures? Does this mean bitcoin volatility will be less?
it will happen if everyone just holds their bitcoin, and the amount of bitcoin has reached its limit so there is no buying and selling transaction. But the reality is not everyone can survive to seep up his profit. Of the total bitcoin, maybe less than half that hold on hold, while the rest is always in trade. Therefore, Volatility will continue to occur. |
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I’m sure there is some point that corruption and banning of cryptocurrency has a connection.. Think about how banking officials control or manipulate the government officials that opposes the legalisation of bitcoin in one country.. That is obviously be a payroll or incentives and that is one kind of corruption.. This is reality and proof is not needed but just plain common sense..
Sorry but your proof is not that much of a proof... The biggest banks are mostly based in the US and Europe. Most of the banks in the 3rd world countries are small both in size and influence. Then why in Europe where the banking sector has such a big impact on the economy and gdp cryptos are more welcomed then in other countries? It's not corruption , it's just incompetence. You are asking officials unable to build highways and make sure citizens have access to water and electricity to understand cryptos? What about Singapore, if you think the rejection that is being made against bitcoin due to incompetence, do you think a country like Singapore has not been able to accommodate this technology in its country. I even see Singapore more advanced than China and Indonesia. What causes Singapore to reject it if not for the negative factors from bitcoin that impact their economies. |
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The price is based on supply and demand. We had this case with India and China too before they close their exchanges. If for example India had a high demand for bitcoin then you will see a 5-10% higher price compared to International price in the other exchanges. It's totally normal, If you could manage to register there and somehow sell your coins then you could actually make this profitable for you.
Yes, you might think that exchange, where you do buy and sell, is doing a game with bitcoin price. It's not like that. All have their respective formulas, and the formula base is almost the same, ie the position of demand and supply, so that it can affect the price rise and different from other exchange. Not only that, the price difference between the exchange is also influenced by the trading habits of its users, as well as the difference in the currency rate at which the exchange place operates. So if you send your bitcoin to a higher-priced exchange you will be surprised to see results that are not so different from the previous exchange price. |
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Well, maybe you are one of the millions who feel the same way. There is one word I hear most often when people struggle with cryptocurrency investments especially bitcoin. the word is "if". Every time you pay attention to the price of all the crypto at the moment, you will surely say, If only I had bought it long ago, maybe my profit now is more than 400%. Come on, you're aware now, do not let this happen again in the future.
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I believe that the initial purpose of crypto is to create a digital currency for making transactions quick and easy. However, in reality it has become an asset which everybody is buying and holding. Continuing doing like this will destroy the initial purpose of the coin?
What is your opinion?
Not at all, it is precisely the users who make cryptocurrency considered to be an asset, because it has high fluctuations but the price continues to increase. So there are People who really take advantage of the function of this cryptocurrency technology for transactions between countries to be faster and require smaller transaction costs, And there are also those who make it as an asset that they believe can bring huge profits in the future. |
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I do believe this is somewhat true, but for a different reason than what you stated.
Corrupt countries are either poor, or is under authoritarian rule. Poor countries can't spare resources to regulate Bitcoin, and they could end up poorer as their citizens use their fiat to buy crypto from other countries. They have much bigger fish to fry, so simply banning Bitcoin to avoid the risks that come with it is the best option for them. Authoritarian countries, on the other hand, typically don't enjoy letting their citizens have certain liberties, and that's exactly what crypto does and represents. It's hard for them to keep tabs on everyone if everyone could potentially move their money without the government knowing.
Developed countries have the resources to enforce regulations and are progressive as they don't have to deal with as many problems as developing countries. They have nothing to lose from crypto's rise.
that's right, the average of countries that refuse bitcoin is a developing country and a poor country. This means that the refusal of bitcoin and other cryptocurrencies is caused by economic conditions in the country. If the economic conditions in the country are still troubled, or practically unhealthy, they will think the cryptocurrency will worsen the situation, rather than helping to improve the economy. As you say, this is because the resources are still minimal. |
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Despite the pros and cons of bitcoin transactions, I remain optimistic and believe that this technology is a form of future transformation. With this technology, we can accelerate the process of financial verification, support the efficiency of work systems, and can reduce transaction costs. In addition, with the advent of cryptocurrency technology, slowly, this will change the way people do business and invest. So, be proud to be one part of this technology.
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Is it true, some countries that reject the bitcoin are countries with high levels of corruption? So they consider bitcoin to be a potential money laundering crime, potential illegal transactions, Violate payment system authority and undermine the system of investment activity. While countries that provide support for bitcoin is already included developed countries and has minimal acts of corruption therein. What do you think?
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