I don't think it's likely to be ruled illegal by all governments. Estonia and Catalonia are already looking into creating their own digital currency.
Oh my god IMAGINE IF THE GOVERNAMENTS REGULATE IT (not declaring it illegal) For god, you guys don't know the rule of risk/reward Let's suppose I have 10k to invest and I invest them in Bitcoin hoping for a x10 in the next 10 years OK. Let's immagine it makes a x4 and then suddenly regulated and the price came back to 300$ (IT CAN HAPPEN, IT'S ONLY A BUBBLE, IT CAN HAPPEN) I would have lose 10k in a ''puff'' CAN YOU UNDERSTAND THIS OR I AM TOO SMART TO UNDERSTAND THIS SIMPLE RISK/REWARD RULE ? ? Ok. Let's make another example now Let's suppose I have 1k and I put it all in some proisuing altcoin Let's suppose by the hype or thanks to the final product I can make a x10 in the next year. I will have 10k If not I will lose only 1 k RISK/REWARD DO YOU UNDERSTAND THIS? OR IS IT TOO DIFFICULT? SO IN BITCOIN I WOULD PUT ONLY 300$ AS HEDGE.
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@Lucacrebbe golden age, disagree, not yet, way too many people still don't know (and don't understand) what Bitcoin is...
Think about it: For example I don't know about some aliens living on a planet x in the universe. And I will never know about them They exist, I will never know them because they are so far from me. The same thing we can say about bitcoin. The ''normal people'' want easy things, they will never start messing around with wallets and hashes. They will use Paypal and banks forever So I SCREAM to the world: FOCUSE your attention on valuable PROJECTS, BECAUSE THE BLOCKCHAIN TECNO is VALUABLE, AND SOME PROJECTS can have real world USAGE FOR SOME COMPANIES.
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Why x10, why not x1000? You just based on the yellow press forecasts. I'm sure that bitcoin will be most expensive crypto till the end of cryptocurrency age.
A x1000 from bitcoin? Are you kidding me? Do you believe in Unicorns Sir.? As I have said, bitcoin golden age is now. enjoy an eventually x4 and then DUMP, and do not forget that if you hold too much in bitcoin (BIG BAG) it will be very difficult to sell when the price will dramatically drop. Why the price should drop? Becase bitcoin is a bubble, an useless coin that keeps going on only because the ''fans'' support it. This is not a solid base for an investment.
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Well I hope you are wrong, but I can understand where you are coming from. Hopefully banks don't create their own cryptos one day, it would hurt Bitcoin in the long term. In the end, it is the people who can make the difference. I personally trust Bitcoin and hope more and more do too.
Like you said, I don't think we should worry too much in the next 3 or 4 years. No one can make predictions after that. My personal opinion is that Bitcoin's golden age will be in 2020.
bitcoin golden age is now. enjoy an eventually x4 and then DUMP, and do not forget that if you hold too much (BIG BAG) it's difficult to sell when the price will dramatically drop.
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Guys can I explain my considerations?
I see some of you saying: ''invest into bitcoin for the next 10 years, invest your pension funds...''
This for me is ridicolous, a pension fund all in bitcoin.
Let me clarify THIS: THE COMPANIES HAVE ALREADY KNOWN that the blockchain tecno is somenthing REALLY PROMISUING and good for their profits and they ARE WORKING TO CREATE THEIR OWN BLOCKCHAINS (SIDE-CHAINS)
Because they don't want to depend on the Bitcoin blockchain that is full of bugs, with scaling problems and that you must wait 30 minuts for a block to be verified.
So let me clarify this: Bitcoin is a simbolic progress of internet, but will die for sure. You don't have to see the price now, it can go even to 1 million, but it's extremly risky to invest in a such bubble.
Bitcoin will remain as a ''simbolic progress of internet'' and will stabilize itself at the price of 1000$ in the next years (then I predict it will disappear)
Because copanies are working on their own side-chains. IN the future you won't need bitcoin to buy ALTS (look at waves dex)
So I think, it's wiser to stop promoting a bubble. Please.
Mark this post, the time will get me right. maybe the bubble can go even to 50k in the next 3-4 years, then it will die. And it will crash so heavly that the last investitors will be ruined from bitcoin if they will be stupid enough to invest in bitcoin at 30'000 or things like that
The future IS IN THE PROJECTS WITH THEIR OWN SIDE-CHAINS THAT CAN WORK ALONG SIDE WITH BIG COMPANIES AND DO NOT RELATE TO THE BITCOIN CORE blockchain (Hello, stratis, hello waves, hello ethereum)
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Why it is too late? Not agree. It is never late to invest to bitcoin, actual price on the bottom in perspective of next 10 years. Waves was very promised project, but now it is lack of development. Waves still not smart...
AND WHO ENSURE YOU THAT BITCOIN WILL BE STILL THERE AFTER 10 YEARS?? O my god guys you make nervous, YOU MUST THINK, NOT JUST FOLLOW THE HYPE LET MY CLARIFY THIS: BLOCKCHAIN TECNO WILL SURVIVE, BITCOIN NOT.
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75% of my portfolio are Waves and thinking to add more.
I made a big mistake not keeping one single BTC and now it's too late.
Don't know if buy more Waves or some Monero.
Why it is too late? Not agree. It is never late to invest to bitcoin, actual price on the bottom in perspective of next 10 years. Waves was very promised project, but now it is lack of development. Waves still not smart... IT'S too late because you can't pretend a x10 fro bitcoin in these next years, and in the future who knows, maybe it goes back again at 1000$ who knows... Stop being so blind ''buy bitcoin, buy bitcoin '' it's ridicoulus this way of thinking (''buy bitcoin, buy bitcoin'') It wiser to buy altcoins right now that are dirty cheap. How much do you have in IQ (just out of curiosity) ? Let me introduce myself: I have a solid 140 IQ
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I mean if there is hype, it's obviously more risky. However, it deosn't mean that you are going to be able to turn a profit on your investments. Decentralized storage is a great idea but probably not going to see any real life usages any time soon.
But again, if there is a new wave of hype then it could certainly see its price jump.
In the end, it's investment and speculation. But i do think that decentralized storage projects are going to be pumped soon. Haven't had any action for ages now.
Huge hype sometimes scare me a lot about a project cause those kind of projects may end up failing pretty faster than expected. However, hypes too can be good for profit anyway as you have said, it is an investment and we are obviously all out for the profit. One just needs to be very careful. I totally agree with the decentralized storage projects and I am really looking forward to seeing some actions on them. By the way, is the OP trying to advertise WALTON CHAIN? Forget about WTC, it doesn't need me to be great. (I have only a few of WTC) I give you only sectors in which focus money, and these are: IOT, DECENTRALIZED STORAGE, ROYALITY RIGHTS managemant, ANTI-COUNTERFEITING
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Super computer is just a scam for dreams . this dream was started with ltcgear who offers new asics for ltc mining and Scammed everyone. These are just ponzi schemes and we experience all of them before.
SONM is a 7 cent right now.... I have a 30 $ on SONM just to be sure that the next year I won't regret, but basically I agree with you... supercoputers are just hype to invoice people to invest. Maybe SONM could be different, but personaly I won't put more than 300$ on it.
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So the whole point of this super long rambling FUD thread is that we need to buy into decentralized storage projects? Such as SIA? The same coin that has been dumping and dumping and dumping for the past 6 months. Pretty soon we are going to have to pay to own SIA -- it seems it's going to dump so far it will be worth negative money agree 100%. indeed besides the unnecessary agitation of OP, i don't understand how an analysis that seems competent and insightful in its own way can result into the advice of buying notorious half-scams like SIA or STORJ... I don't tell you to buy SIA o Storj. I just say: focus your money/researches on decentralized storage. It could be storj sia, substratum... any thing that has decentralized storage in its project To the people that are focusing on ''Multimedia'' I would like to say why... the reason ANother field in which Blockchain will be necessary is ROYALITY RIGHTS and ANTI-COUNTERFEITING With BLOCKCHAIN THE ROYALITY RIGHTS PROBLEMS ARE SOLVED ALSO FOCUS ON ALL THAT PROJECTS WHICH AIMS TO PROMOT SPORT TALENTS BECAUSE THEY WILL TAKE A LITTLE bit to grown, but when they will grown can do better Follow my adviceses, I don't give you coins to buy, I give you the fields in which you should concentrate
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I agree with half of your opinion. But i still believe in project on fund managing like genesis vision, also atlant for real estate. Crypterium as debitcard service also i believe. But not at super computer project and video streaming and social media who said will compete with facebook.
consider the following; Facebook can do everything instagram and snapchat can do. Do these two other ones have no reason to exist anymore? No, they do. Because the market is massive. Consider another thing; Internet was the biggest bubble we've seen in centuries. Did it fade away after the bubble, or did it explode even more? I'm guessing since everyone and his dog uses the internet, it's the second one. Sonm, a supercomputer, can expand this further than you can imagine. They can do things no other project can do, not even ethereum. Fog computing is an upcoming rare gem every company in the world will want, yet Sonm is the only blockchain related company coming close. I'm not asking you to invest, because I don't care, I'm asking you not to participate in mindless fudding I am undecided about bitcoin. One day I would like to hold another day I would like to spread all across some projects . I am undecided about fog computer because of the upcoming Q-BIT SUPERCOMPUTER, so this is my fear But I am strongly sure that the blockchain tecno will be the next internet (not the supercomputer on blockchain) because of decentralized storage and distribuited ledger. I don't need to promote anything... the Internet of things and blockchain related projects will be so huge in the next 5-10 years that people who invest now in these sort of things could virtually have a future so sweet. I mean... imagine IOT sensor on a tangle type of blockchain (NO SCALING PROBLEM)... if this is not a BOOM, which one will be? I am not so much into plaforms aiming to copete with MAINSTREAM youtube/facebook cause people can't use cripto now, and they don't even know what an exange is Think about before to invest
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Sorry maybe you don't understand that bitcoin can die from one day to oneather, but the blockchain tecnology has attracted the main stream investitors and the banks, because it solves a big problem in automatization and distribuited ledger
So please, don't be blind ''buy bitcoin, buy bitcoin, buy bitcoin''.. it's risky because when bitcoin will crash, it will dump so hard.
Some altcoins will remain because they have a real world purpose: walton chain, IOT, Modum
Maybe you don't know about these, you only say ''buy bitcoin , buy bitcoin, buy blindly bitcoin''
Put all your trust in bitcoin.. what else can I say to you, my friend...
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ETH IS WORKING to solve scaling problems
Lisk you can create DAPPS with java script, every java script programmer would need it. Come on think about it.
Bitcoin is only simbolic. I would never put 1K on bitcoin cause from a day or onether it could drop so heavly , SO heavly
I would prefer to spread among intersting projects because bitcoin MAY DIE, but
BLOCKCHAIN WILL NOT DIE .
NEVER
CAN YOU understand THIS?
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People know about bitcoin but there are some problems that could potencially KILL BITCOIN (not blockchain).
--- People do not know how to buy/store and trade cripto and bitcoin without being ''nerd'' as I am.
If someone can gently realize an app that trought smartphone and scan code can let to buy the cripto without too much hassle cripto will go very high.
It should be be somenthing like a game currency, to buy with smartphone and credit card.
Also they would need to send and receive payment trought ''ALIAS'' , not trough complicated nerdy hashes .
Is this possible? Because bitcoin deserve to be mass adopted in an easy way, not in this COMPLICATED WAY (for normale people)
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-------VIDEO PLATFORM AIMING TO COMPETE WITH YOUTUBE, NETFLIX.. SHIT..... DON'T WAST MONEY ON THESE With the recent YouTube policy that is retarded and demonetizes a lot of normal stuff how is that a bad idea? It's a bad idea because people don't know yet how to buy token or cripto with their credit cards without too much hassle Wheb will be possible to buy cripto and token with QR scan code on smartphone bitcoin and criptos and video-cripto platform could also overtake youtube We are talking about a decade (10 years)
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Boscoin can grow as long as the corelas support it. Aragon is very hopeful. The Iconomy price is too low.
Why not IOTA that is in testbet with Micosoft? A really potencial game changer
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My picks:
IOTA, Augur, SIacoin, storjcoin, maidesafecoin, substratum, shift, stratis, waves, Ethereum ( but there is problem scalability), Walton chain, Modum, Aragon, Lisk.
Thank me later
Don't wast money on bitcoin, probably useless in the future.
Take a look at ripple or chain link could cooperate with banks making a x10 (gamble here)
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I would say 20% bitcoin and the rest among
Waves (500$),
stratis (100$),
SONM (1k)
IOTA (300$)
MODUM (300$)
Walton chain (300$)
Aragon coin (ANT) (100$)
Ethereum (200$)
Siacoin (100$)
Substratum (300$)
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for sure out of the 98% of altcoins that's gonna be dead in the long run there are still a 2% that will remain and will sure succeed,
And you have to be smart picking that one the world really need: IOT, decentralized storage, smart contract platform and Bitcoin. That's it. Life it's not complicated, it's incredibile simple. Go with IOTA, WTC, MODUM, one between SIA, maidsafecoin, substratum, shift and one platform among Stratis, Waves, Komodo And finally a 30% of Bitcoin. That's it. You do Not need other coins
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