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This article is good, but don't take some of the tips as is. Some tips are very generic without taking the necessary precautions. Better, for every tip is to do research on it to know the pros and cons. These are just guides but not absolute.
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Bitcoin is made as a digital currency but unfortunitely it is difficult to apply because at this time it is in less acceptance in any companies.
Also, it volatility made it not a currency either. A currency is that which is accepted and adopted generally but Bitcoin is not accepted or adopted generally uptil now. Bitcoin is a digital asset and not yet a currency. Bitcoin was created as an alternative payment system to the existing payment systems, but in this state it has not been massively used yet. The states are not in a hurry to legalize cryptocurrency, and without such legalization, the infrastructure under its circulation will not be created. Therefore, bitcoin is still used mainly as a means of accumulating value, which is interesting to people because it makes a good profit. Yes bitcoin can be classified as currency as one of the virtues of why bitcoin was built in the first place, that is for payment for financial transactions. Actually, bitcoin can be used already in payment only if people would use it as payment. However, if you are a bitcoin holder, would you prefer to use bitcoin for payment knowing that its value is low? Of course not. So, at this time it is not used as intended because of the volatility issue that is why investors treat bitcoin as assets. |
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If the government will create with their own exchanger, They will put their taxes in maximum capability and they implement strict compliance with that, Also the concept of cryptocurrencies will be useless coz government will control every transaction that will be made. So for the normal user like us, this is very not good.They will spy you and it leads to our privacy issue.
We already have a privacy issue. Now almost every exchange and exchanger requires us to undergo a KYC check and leave our data. Therefore, the creation of government exchanges is not so fantastic idea. In the future, I do not exclude the emergence of such government exchanges and exchangers. It will be quite logical. I agree with you guys. Another thing in my mind is what if this exchanges by government let's say have been hacked. Will the government offer insurance for the lost coins in cases like these since they are government owned exchanges? If they will not offer insurance, people might think that these incidents might be jnside job. This is just an example of a scenario about security and the responsibility of a government to protect its people. They need to build that trust for government owned exchanges. |
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Well, no one can predict the future obviously but I will say, with more exposure, adoption and utilization set to come in, it is likely bitcoin will surely appreciate. More institutional investments and fresh funds to be introduced into the industry will mean a soar in price of Bitcoin and hopefully altcoins as well.
This is only a prediction: Bitcoin will rise again. Remember that December was the month when bitcoin reached the all time high. Now, investors are very bullish about this and thinking it will happen again this coming December. Imagine the feeling of FOMO lingering on investors. So, they will start to buy bitcoin whie it is ag a low price. Now, continuing the bullish market up to year 2019. |
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Probably you're right that the excitement might have lost due to the very long bearish market this 2018. Last October, there was some bit of excitement when prices suddenly showed spikes. But, only for a moment. Now, the market is still bearish and the people here are not that positive about the market. They are waiting for the bull market to come.
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That is why it is very important to know how much you can afford to lose. Meaning you must invest also what you can afford to lose. Cryptomarket is a very unstable market, The stockmarket is a lot easier to read, but people there lose thousands or even millions even with that state. What more in cryptocurrency, that's why everyone should be cautious & ready at the same time. Moon landings come at a very bumpy ride too!
Yes you're right that stock market trading may bring you a huge loss considering its stability. What more with cryptocurrency where volatility is a very dstinctive characteristic of crytpocurrency. The bear market only shows how prices may change without any assurance when will prices go up again. If you're just new with cryptocurrency investment and trading, don't forget to always do due diligence before investing. During bear market, be calm so that you can think of the right things to do. |
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I am eager to know how do politic situations particular countries affect the Bitcoin stability, is ti really affecting Bitcoin. As we know that Bitcoin is decentralized of blockchain technology and I think that it will not be affected by politic issues of certain states. In other side, politics is affecting of economic stability. It potentially contributes to break or strengthen the economic in many countries. I would like to know other opinions.
Bitcoin can be 6 thousand dollars fixed price forever and as long as we get global usage rate increasing I wouldn't mind. You made a great point here. Bitcoin stability at a low price would be better as long as there is a lot of significant financial processes that uses bitcoin. This is the primary goal of the creator of blockchain. Becauae of the bubble last year, somehow or another, people think of bitcoin as investment rather than a very useful technology. |
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The idea of RICO platform might be good just to increase the trust of the investors to ICOs. However, this is just one of the platforms that tokenized the process of ICO investments. Let's wait and see until the platform reaches the surface of cryptocurrency users. Its hard to see the real impact until it is fully functional.
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The incorruptible ledger is making rounds in the most untouched sectors of digital market. Is this snake oil or the real deal?
Nothing on this planet earth is incorruptible, so, Blockchain will be corrupt when the government finally pave their way in, though not now but in the nearest future. Whatever is created by man in corruptible as man equally is. Blockchain is the real deal and not snake oil as you speck out, many Banks have now adopt the use of Blockchain including some higher learning institution. Blockchain is the future of a digital era..... I think the blockchain itself is incorruptible, however, the processes that uses this blockchain may be corruptible due to the platforms setup. Remember blockchain is just one portion of the entire system. The system can be setup in such a way developers have back doors through the system where they can do manipulation. |
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Going back ten years ago, bitcoin was just an ambitious concept telling that the technology behind it, which is the blockchain, will disrupt the current financial transactions. After 10 years, so much have improve in bitcoin but still it is not enough to go mainstream. Looking at the future, developers are not stopping and continue to improve bitcoin and the rest of the cryptocurrency world.
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For now, we can say that the large volatility of a decentralized cryptocurrency is its essence. As a rule, it is not provided with anything, and its price is formed solely on the relationship between supply and demand. Demand and supply can never be constant in nature, because hundreds of thousands and millions of buyers and sellers of cryptocurrency are participating in the market at the same time, and all of them proceed from conflicting personal interests.
Cryptocurrency volatility is good for traders and a problem for states.
I agree with you that for now, for investors, for traders, th volatility of cryptocurrency are gold mines for them. Expecting a high risk high income investment. This is the reason why a.lot of people have joined cryptocurrency especially the bubble created last year, the hype was made bigger. However, if the governments are concerned, this volatility made it difficult to accept cryptocurrency. It is not good for the economy. |
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Of course the technology that brought cryptocurrency in our modern world has a bright future ahead. Some people here thought that cryptocurrency is simply a type of investment. They do not focus on the technology behind it. Through time, it will emerge as an excellent technology.
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After six months since this topic had started, the market has fallen further losing almost three-fourths of its value compared last year. Going back to last May, maybe you're confident to say that every end of the year is the bull run. Now with the current situation where there is no signs of bullish market, are you still confident that most cryptoholder will get rich by December?
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Let's give this crypto banking a chance considering this bank creates a regulated institution that bridges fiat money and cryptocurrency together with ease. This institution might bring comfort to introduce cryptocurrency to everyone. However, we need to take note the specifics such as transaction fees and insurance.
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Im getting too anxious with all this prediction, i think the aim is too create chaos upon weak investors But its all just fake news ,but im giving credit to the manipulators coz i think they are doing it great  I agree with you. These news about economic crashes in the future are something misleading and must have been created to bring instability to the current situation, only if people would believe and get influence by this. How can they make bold prediction without any supportive facts. |
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The transparency blockchain is offering hasn't to do with corruption in the government. Corruption are with the people in the government, even there is transparency with all the transactions, but the people in the government do not have political will, they will still find ways to steal money from people. They just need to make the strategy technical.
To eradicate corruption, there should be political will.
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I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.
1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.
2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.
This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
When cryptocurrency boomed last year, the talk about crypto replacing fiat had been in hype. I agree with you that cryptocurrency will not replace fiat money totally. It may replace fiat at some financial transactions but only on few transactions. The reasons you stated are good points. |
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Cryptocurrency transaction cannot be trace this give opportunity for drug dealers,Terrorist and Arm dealers to transact globally,without any form of check and arrest, this Illegal deal is detrimental to the society and the global world at large,Also government want to be incharge and control the economic development of the country, this cannot take place with cryptocurrency reason why they ban cryptocurrency.
These are just the negative effects of decentralized platform. Governments actually don't have any control of the different transactions including these criminal transactions. Money laundering would be very easy for those opportunists. There should be an alternative to this issues at hand as bitcoin is targeting mainstream. Rich countries such as Australia is trying to make simple regulation just to avoid such activities. |
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$ 10,000-certainly good money to invest, but do not forget that with a high probability you can lose them.
Strategy for investing the most important thing that you need.
I would not invest all the money in 1 altcoin, and would divide this amount into a portfolio of 10 top tokens to minimize the risks. And certainly in any case not to invest in garbage!.
My list:
Bitcoin 10%,
Ethereum-10%,
Ripple-10%,
EOS - 10%,
Cardano-10%,
NEO - 10%,
Ontology-10%,
Wanchain-10%,
ICON - 10%,
QuarkChain-10%
I am sure that these tokens will not be thrown into the trash and they will give a good profit over time and even more than *10.
You made a good distribution of the $10,000, but 10% each for the altcoins I think is too risky. You might ended up breakeven. A better idea would be 5% on each altcoins except bitcoin and ethereum. Bigger investment on less risky coins such as bitcoin and ethereum. |
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Most people here in cryptocurrency business feel bad this year because the market losses more than 50%. Talking about bitcoin, from as high as $19,000 last year, it drops to $6000 this year. Now, it is stable at $6,800. For some, this might be the stability bitcoin has been waiting for it to become mainstream.
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