The only thing I think government will take an impact if they were able to control bitcoin is that imposing tax on earnings that we get surely the government would like to have the majority of bitcoin in the market to sustain their power and to have control over the economy's wealth
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I first heard about bitcoin through a friend who was doing bitcoin for a long time he was teaching one of our friend and I heard them so I got interested especially when he tell that it gives additional income and help him to finance his expenses.
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Aside from the fact that bitcoin was the first crypto currency introduce in the world it is also popular because of its appreciating value that has become a big amount today. Many people love the idea of increasing value bitcoin has it gives opportunity for income through invesrmtment
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This is quite ambitious but who knows everything is possible with bitcoin but I guess the forecast was quite high than what can possibly happen, right now the value of bitcoin ranges to $4000-$4500 and to jump in $7000 in just few weeks I don't think this is possible maybe around $5000 that's for me has the more chances to happen.
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Yes for me it's quite risky if you turn all your money in bitcoin because even though bitcoin has a very promising value appreciation in the past years still it can be trusted 100% that it will not crashed or lose its value. Better be safe while also having investment you can convert some into bitcoin for me atleast 40% of your money can be invested.
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It is possible that the price of bitcoin crashed like what happen last August during the 1st Hard fork but it is also possible that after the crashed if ever bitcoin will revenge and pump with a good value appreciation. Whatever happen during the hard fork I'm sure bitcoin will remain strong regardless if there is another cryptos to be introduce.
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In terms of value appreciation bitcoin is better than gold because up to this moment bitcoin continue to appreciate the only thing gold is ahead of bitcoin is that it has been in the market for a long period of time, it is tested and somehow trusted by many people but maybe after few more years bitcoin can overtake the history made by gold.
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We all believe bitcoin in still underprice as much as we want bitcoin to have a fixed and stable price we cannot settle that. I don't have any idea what would be the real valuation of bitcoin but I guess its value will continue to appreciate as long as the demand continue to increase, if time comes that bitcoin became the major currency of the world I guess a bitcoin can probably cause 1M.
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I'm not sure if other wallets will support bitcoin gold like what happen in bitcoin cash but hopefully they will so that we can get additional earnings out on converting bitcoin gold to bitcoin or satoshi. But one thing is for sure there would be a price fluctuations which suddenly decrease or increase the value of bitcoin like what happen in August.
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It's good to hear that one of the leading countries when it comes to technologies supported bitcoin and other crypto currencies. I think it is a sign of good future for bitcoin, it seems the adaptability of cryptos in the market are getting wider and stronger it can lead to high value appreciation of bitcoin as well as increase in the demand and users of bitcoin.
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Definitely yes China does not hold the majority of bitcoin circulating in the market so even if they banned bitcoin transactions still the market can sustain and bitcoin will remain strong. Bitcoin is a global currency so as long as there are many people using it, bitcoin will not die and will surely continue to appreciate as the demand goes higher.
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I agree with this sometimes a sudden drop is good because after that a rewarding pump takes place and if you panic right away you would have sell all your bitcoin because you are afraid of losing so much but the truth is you lost because you did not trust bitcoin only to find out there's more to come in the coming days. Bitcoin is unpredictable but it is always a good investment to take.
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I think countries are now accepting the technology of crypto currencies and sooner establishment will adopt this kind of payment method. I can see bitcoin is growing very fast and the demand also is getting higher each year if this trend will continue more countries will need to adjust and move their economy towards bitcoin market.
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China doesn't like the idea of having bitcoin maybe because their government does not want any currency to rule their economy but as we all know China is one of the best known when it comes to copying I'll be not surprise if one day they will create their own crypto currency that they will introduce and will likely to be adopt in their market.
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I am a believer of bitcoin and I know if I will invest here I can have a better future ahead. I heard many people who earn from bitcoin and was able to support their finances while other was able to built their savings and own business. I want to succeed in bitcoin and I will do my best to reach all my goals.
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If you buy your bitcoin last week or two weeks ago I bet you are having a good return if you sell them all now because the value started rising again, for me it is always right time to buy and invest bitcoin because I believe it is still under price and will surely appreciate in the coming years. For sure many are now holding their bitcoin and waiting it to reach $6000
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I think this is possible to happen since many crypto currencies are introduce in the market and it seems like people starting to adopt the market of bitcoin and other cryptos. If this will be happen in the future it would be more easier for us to transact even in the foreign land and the good thing is it is more cheaper and more convenient to use.
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I guess all online wallets made for bitcoin are safe because I never heard anyone here complaining to a lost bitcoin because of using a wrong wallet its just a !matter of proper safekeeping and having a strong encryption so that no one will be able to decode your wallet and steel your bitcoin. But I am using a blockchain wallet and coins.ph
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Bitcoin may help people to become financially stable or successful but it will still be depend on the ability of a person on how he or she will do the best to attain their goals bitcoin is just a tool to become successful people still needs determination an a will to attain their dreams
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I also read the news and it said there is coming hard fork this November sounds interesting because the value of bitcoin may drop again like what happen in August which gives so much opportunity for investment and then it pump and almost reach $5000. I feel excited about the hardfork and hoping for a good outcomes.
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