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I think it's a bit selfish asking something like that. Like you, some invested in bitcoin with prices more than 9k+ just to join the big rise and I think they have been one of the reason why there is such a big increase. Aren't you satisfied enough.
Also you are talking about FUD. And it's not a good thing saying false information about bitcoin.
You must think how to sustain and make it grow more rather than making it burst.
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I really admire the country Japan in their strategies and being very adaptive about these kind of technology. I see how much they are advance in technology and how they still develop themselves and how they keep in mind that there are more room for improvement.
I won't doubt a bit if Japan will replace the title or achievement of China being the most influential country involved in cryptocyrrencies.
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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?
The reason of rejection has nothing to do with corruption. It's all about the income tax and other wealth tax that government collects from its citizens. This is the summary for me. The rest is just irrelevant. I personally agree to this. Even before government even exist there are already corruption, correct me if I'm wrong. But there is a point where bitcoin can actually take part in corruption and other illegal transactions because of its anonymity. And secondly I think it's also about the taxes. |
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As long as money is involved there will be criminality. Also, due to banning of cryptocurreny exchanges in some countries there is no doubt that many will be against it leading to more criminal liabilities. More or less those who need to have a decent income will get involve because it's already considered as illegal in their country
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As long as money is involved there will be criminality. Also, due to banning of cryptocurreny exchanges in some countries there is no doubt that many will be against it leading to more criminal liabilities. More or less those who need to have a decent income will get involve because it's already considered as illegal in their country.
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The anonymity is within bitcoin itself. And other coins but some are created centralized. Most of us wants to stay anonymous without tracking transactions because that was the aim of cryptocurrencies. No tax, no fees, anonymous, fast or simply decentralized. But gaining the acknowledgement of government for legaliztion is difficult because government has no reason to allow a system that would lessen banks use for an instance. With the following coins created, coins will be made that will be just the same as fiat. Nothing new. I think people will disregard it once more fees are charged by the government.
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Yes indeed. Technology not only evolved every aspects of anyone and any countries but also a way of communication. Communications and news giving informations are made possible through technology called social media wherein others are also given a chance to express their own thought. Like this forum or Facebook.
Another example is the campaigns here in the forum advertising not just projects but the uses cryptocurrencies itself and due to the increase demand affecting prices many are attracted and the industry becomes famous because of its features and convenience.
People are becoming more aware of it.
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The loss I have experienced was the scam and haven't got paid for 3 weeks. And I considered it as a big loss.
Well it did not stop me from continuing. Instead it gave me more reason why should I keep working hard. Even if I do not have enough knowledge, I push myself to somehow contribute to this forum.
I think that would explain my mentality towards loss
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I agree to op above me. Since the block chain are becoming slower and gaining high fees due to massive adaption the devs decided along with the miners to fork bitcoin for more efficiency. Yet due numerous forks, confuses lot of users. And we cannot expect everyone to just drop a trusted coin because it is proven in years. Not all but there are coins that have a huge potential in the future. And I know people will see that very soon.
I just don't want the centralized concept of some coins. I think it's one of the reasons why some do not adapt alts.
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... what would you do now?  Now that would be valuable nowadays. I guess before you even start lending currency such like this, you should have given him or her a deadline. I know it's hard to ask or force a friend to return what he borrowed. And maybe if you did, there are chances that he would return it with the same value in fiat and not in BTC which would be very sad for you. |
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Practical in what sense ?
If you are pertaining to prices, It's always adjusted based on its adoption.
Like before. One Bitcoin has a value of less than a thousand dollars. And value keeps on increasing and relevant equivalent in bitcoin is being distributed.
As prices go up, it's possible that payment in bitcoin may be per satoshis in the future. And the twety one million bitcoin will soon be More than enough to coming massive adoption.
There is no need to worry about bitcoin not fitting the whole population.
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I think it's possible and feasible to happen but with prices too high I think it will not be accessible to an average person anymore. The hike is possible only if eryone could avail the price in few amount of bitcoin.
Some may be hesitant onwards. The only way people can earn is by doing jobs which in contrary some ignores already due to processes involved.
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Yes it was, I tried it once only. I find it very scary because I was always thinking about what if I lose rather than gain here because I am not an expert in analyzing the market and also new to trading eventually I can end up losing my capital. But fortunately, I haven't and got not quite big profit but luckily I survived my first try. Until now, I haven't returned to trading yet.
In general I think it is beneficial. You just need to study more about it.
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I think it isn't a bad thing for those who know how to handle it. But for those who are having financial crisis I think it's a bit stressful.
Volality is a good thing because it's profitable. On the contrary, it's a bit unfair realizing that you have spent a decent amount of BTC but presently gaining high value and now you are struggling to save some.
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It seems true.Now a days, bitcoin is not easily available in market. It is not good for bitcoin. It can shift the interest of people to other currency as it is out of reach for normal people.
I do agree, I think that even here in the forum, when people earn, they spend it instantly for their needs. People come here for a stable income and only few can hodl for long term. That is why rich investors who do not need to use it can hold it whenever they wanted to. Having a large percentage in possibility to control bitcoin. I think that it is possible that a thousand users could control forty percent of bitcoin. But I think they could not do much they could lose possible profits. What could they possibly do ? |
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Seriously, stop falling for the governmental FUD and buy every dip. Don't be like the last time when a lot of people got shaken out of the bitcoin moon rocket because of this. I know a lot of people that sold right at the $3000 bottom and they never got back in because they were scared of further dips. Needless to say, these people hate themselves now and are dreaming to buy back in at $10000. Don't be left behind. Every FUD dip is the government stealing your BTC from your hands in the market.
There's a proper way to trade this. It's called "disaster trading." Sell the rumor --> Buy the news. When very reliable sources began to confirm the China exchange ban news, it was an easy hedge short. When the news officially dropped, it was an easy 10x intraday short. The expectation is that the market will panic on thin liquidity. The big players absorb the selling at horizontal support (previous resistance, which was $3000 in that case). Ideally you want to see major volume exchanged, perhaps with a painful wick through that support level. That kind of price action says two things. 1) Stops got run. Bulls need to rebuy their positions. 2) Major volume suggests supply/demand equilibrium. Reversal should follow. Disaster trading. I welcome any and all bad news from South Korea in the coming days. So far we have only rumors of rumors. Interestingly, Masterluc seems resolute on a restest of the $10,000 area. Maybe this will give us the fuel?  Whatever you do, don't sell the bottom. You better panic early, or don't panic at all.  Nailed it op. Now great information in disaster trading. That China ban rumor really shook most of the holders that day. I enjoyed that part actually  I do agree that a panic will never end well since no one is to blame but themselves in losing such capital or profits. Even I welcome such FUD here in the Philippines. I remember another friend told me that bitcoin was in a newspaper and TV show introduced as a scam. I was like Okay if that suits you  Yeah people should know when to buy the news. |
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In fact I am here because of that reason too. By a concerned friend and enthusiast to make me pursue entering this industry. But I was not that attracted to it since I have heard a lot of scams in pyramiding here.
Yet when he explained it to me, that there is no fee at all then I tried it once. And happily I never left.
As an observation, due to poverty, monetary is the first reason why people involves themselves in bitcoin.
Well I can't deny that you can earn by what you have said. But you have to keep in mind that everything needs discipline. We are given a chance or opportunity to earn and we need to be thankful by that by following everything our bosses say and implement.
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Guys I'm wondering why BTC is moving this fast to up? With logic there should be a huge amount of money flew into BTC market but I don't see any reason to make this happen. Is there any economic reasons about this massive flying to up? What are your opinions about this happenings? Demand itself is what bitcoin move this quick. And also there is a CME effect and I guess this is also with the so called McAfee effect that I've seen on facebook. McAfee was interviewed by someone over the facebook live video call and he said that bitcoin will be going at $20,000 early this upcoming January 2018 so everyone is trying to buy now and it helped a lot. I was also thinking that the advertisement itself was the reason why bitcoin gained more as of this moment. Even investments in small amounts will be worth it for average person. And with Facebook and more social media campaigns it is not impossible to invite many investors. But playing in my mind is it will not be able to gather enough people to invest that huge of a money to the market overnight. People are also scared of lossing they investments at some point. Make wonder a bit more. |
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Yes it might fall for some time because that is how trading happens. Many will sell when they think it's high enough for them then when bitcoin drops then they will be buying more.
People should be calm when such things happen. It's a normal thing. If they want to join hmgaining profits then they should buy too. There is nothing to worry about.
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When I first started here in the forum, the price of bitcoin was ranging from $2,500 to $3,000 in USD. And I haven't got any bitcoin that time. I was very grateful that I have experienced the great pumps. I am hodling to every bjtcoin I have. If people will be continuing to have faith on bitcoin I am sure it will still rise more before the end of the year with some correction.
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