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Even if this information is correct and Bitcoin is 6th currency in the world but we have to be aware that actualy very small number of people in the world is using Bitcoin and it's not equaly distributed. Not everyone everywhere has acces to Bitcoin and relatively small number of people is educated well how to use Bitcoins and what are the possibilities.
So don't think that Bitcoin will become mass mainstream currency, this is not going to happen.
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Thanks. I have no problem with verification as long as they provide quality legitimate service. So far haven't heard any bad things related to Wirex so I might check them. Actualy I would like the most the card that is directly connected with Bitcoin wallet, like Xapo was, so that I don't have to exchange Bitcoins before actualy paying with those coins. I don't know if any actual debit card provider offers such possibility. |
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I think that as a programmer you have multiple choices. This is a title that can enable you very good job and position if you are skilled.
To my opinion you can combine your regular job and cryptocurrencies but the key is to find the right measure. And maybe with time you will become so skilled and experienced with crypto that you will not need any other job. But don't abandon it before you are realy sure that with crypto you can make the living and you got all risks covered.
Anyway, it's totaly your choice and use your opportunities the best that you can.
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Many are comparing cryptocurrencies trading with gambling, not just these medical experts, and we all know that gambling can turn into a bad addiction.
I don't agree that trading and gambling are the same things but I do agree that cryptocurrencies can take a form of addiction.
The crucial thing is to recognize symtomps at time and to admit that you have a problem if things have gone that far. Like with everything else you have to know when it's time to stop.
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Since I'm deeply unhappy with Mistertango and their fees and services I would like to know if anyone could recommend working Bitcoin debit card, for Europe but also applicable everywhere else, with resonable fees and limits and good customer service?
Bitcoin debit card is a must for me and something that has become a part of my Bitcoin using routine.
Looking forward for your experiences.
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Yeah, this is happening every time when the price drops. Suddenly unexperienced users start panic selling without thinking what exactly are they doing making the situation even worse. I wonder if they will ever learn. It seems there are more newbies that don't know anything about Bitcoin compared to skilled and experienced users.
I guess everyone has to feel the loss and consequences of bad decisions on their own skin before he/she learns how to deal with Bitcoin and how to act when the price is going down.
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China already is a super power and serious competition to US. This process is going on for a while now and their influence was growing which also includes the cryptocurrencies. Their economy was considered to be a threath for many countries and their products have overwhelmed some markets, especialy in Europe.
But times are changing and China isn't moving so fast forward anymore, it's like getting tired a bit. Still there is a new power emerging on horizont and that is India.
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My conspiracy theory is as follows. The big boys of Wall Street was late for the party and they realize that they need to push the price down to buy in at a much lower price. So what do they do? They manipulate the price, by doing "controlled dumps" and when the price dip low enough, they jump in and buy. They know Bitcoin will go to the Moon, but they need to buy at the lowest possible price to maximize their profits.  The weak hands will panic and start selling and they are waiting like a pack of wolves for that to happen.  I have to admit that I don't believe in conspiracy theories and I don't think that Bitcoin price is being manipulated, especialy not by the Wall Street. The way Bitcoin is functioning I don't think that system allows some significant manipulations, it's not functioning like stock exchange. I'm with Bitcoin a long time and have seen all kind of scenarios good, bad and worse and the longer I'm using Bitcoin conspiracy theories seem less likely to me. |
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The word forever is too strong to be used in that sense.
Bitcoin price will always change, sometimes it will be up and sometimed down so in that sense it will always increase.
But generaly speaking I think that market will define some upper price that will the bigest that Bitcoin can achieve and it will not increase above it.
This might be 20.000$, 200.000$ or 2 millions $, we can't know that figure.
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Coinbase keeps a percentage. Their wallet is a straight business deal and (In my opinion) a good one for all parties.
I wouldn't call it a 'wallet'. A wallet describes a piece of software (or hardware) which does manage private-/public- keys for the user and allows to sign transactions/messages. Coinbase is an exchange. They do offer a 'service' where you can send your BTC to them, which you then can withdraw later. However, you are not in possession of the private keys, and therefore also not in possession of your BTC funds. They only give you a number in their database which will allow you to withdraw that amount of BTC. Once coinbase decides your balance is zero, your balance is zero. From that moment on you won't have access to any BTC which have been under your control prior to sending them to coinbase. It is a company. You are trusting that company to store your money. I'd rather choose a bank, than an online company to store my money.. In my opinion, this is not a wallet. It is a service. But not a wallet. Agree 100% Coinbase is a company, as many others on the market. Use a true private wallet. Trezor for example. That is the problem, many users are mixing exchanges for wallets and keep there their coins. But that is not their purpose. And why are wallets for free? I think it's the similar situation like with many mobile applications, a great deal of them are also for free. And the creators have the use of it on other ways. The whole story with Bitcoin and other cryptocurrencies begun with enthusiasts and with wallets is no different. |
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The question however is, can blockchain succeed without bitcoin?
Since 2017 until now. Already many banks and companies have tested Blockchain Technology and it turns out they have done well. Probably already many among banks or other companies, who have implemented this Technology. In fact I've heard there is an automotive company that implements it on its auto parts to test the authenticity of its auto parts. Exactly, blockchain has many different ways to be implementied. Blockchain is technology that can be used alone for many purposes but it's often mixed with Bitcoin itself and many don't understand the difference. Financial industry is the first one that has begun to test it and they are seriously thinking for mass use of it in their businesses. Also, very popular are start ups based on blockchain. Shortly it could be said that blockchain is technology of the future that could and will be implemented for various businesses and it's one of the benefits that Bitcoin has brought. |
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There is no such big choice of signature campaigns as there were before and they are not so good paid also.
I think this trend begun with the huge Bitcoin price rise when probably became clear to some services that the expenses of the campaigns are more expensive than the profit is. At least for some of them.
Anyway it's hard to predict good projects coming but following service thread is the good idea and you will always find something. The question is only do you meet requested criteria.
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I would dare to say that banking system would last a very long time and will survive despite the cryptocurrencies. Actualy cryptocurrencies can't change the fact that banks are still the leading force in the finances and they will remain so. They are supported by governments because they depend on them and they are financing them.
Cryptocurrencies will never become a mainstream. They will grow and evolve x they will even become inevitable but they will never replace fiat money and banks. This is the truth we have to face.
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No matter how I try I can't figure out what is the true purpose of such posts. Do they have the intention to spread the panic and false information or are they product of pure ignorance.
Just finaly accept the fact that Bitcoin is volatile, the price is changing all the time and it can't always go high but it has to fall sometimes too. Bitcoin has some issues and problems like anything else but that doesn't mean it has come to an end, be reasonable.
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It is certainly not safe to keep your coins on exchanges for a long time. Exchanges can get hacked. Many exchanges have reported hacking in the past. You would lose all your coins if exchanges suffer hacking attack.
These are well known facts and every experienced user by now should have known all security risks. First important rule is that exchange is not a wallet and this is not its purpose but people very often forget that because keeping coins at exchanges is convenient to them. Keep only the amount you need for trading. But don't forget keeping coins on exchange exposes you to risk not only to be hacked but also there is the possibility that coins could be misused internaly from the exchange. |
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I don't see that possibility.
The very essence of Bitcoin and blockchain is decentralization so if we loose this Bitcoin will become something totaly different.
But to my opinion the whole system is functioning on the way that can't be actualy centralized and this is not going to happen now or in near future.
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And what would be the exact reason for a change? Bitcoin is very well known at the current symbol and people recgonize it for it. The change of it could bring the opposite effect and people might not like it. No one likes the changes that are not necessary, especialy for something that is successful. This is very bad idea and will not bring anything good.
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I would say people with experience are buying Bitcoin. They now that the price corrections are ideal timing for buying more coins, this is investing in future profit.
The price will not stay low forever and corrections are the natural part of volatility.
Users without experience very often make mistakes and start to sell on the first sign of price drop which is completely wrong strategy.
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I think Altcoin and the ERC-20 tokens control almost two-thirds of the cryptocurrency markets in relation to crypto investment. Although a lot of people invest in bitcoin, the majority of them invest in ERC-20 tokens and Altcoin alongside bitcoin. The market size of Altcoin and the ERC-20 token is much larger than that of bitcoin..
That is true and probably will remain so because altcoin market is very big and it's growing each day. Currently there are more than 1500 different coins. This is good because of variety but not all of them will survive on the market. Still Bitcoin will continue to dominate because of the value and the number of users that support it and no.altcoin will change that fact. |
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It's always wise to diversify the investment. Thus you lower the risk and have more options for profit.
So in this particular case I would suggest to invest in both,Bitcoin and Ethereum but in different ratio.
For me Bitcoin is still number one currency so about 70% I would invest in Bitcoin and the rest of 30% in Ethereum.
Still whatever of these two you choose you will not go wrong.
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