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I think the price of bitcoin is never stable, it always fluctuates. and I think we don't need to be afraid because if we want to be patient and wait we will benefit. a week ago the price of bitcoin fell to $ 7,400 but three days later the price of bitcoin rose to $ 9600. bitcoin has high volatility. because of this volatility many people are interested in investing in bitcoin. and I hope by the end of this year the price of bitcoin can reach $ 12k.
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Crypto is not scam just some person make bad project and give label for crypto become scam, never heard some one want to make crypto scam because always chance give us for you get profit with investing in bitcoin and altcoin, you can buy bitcoin or altcoin now before you miss chance with buy bitcoin and altcoin with lower price, yes I agree with you crypto is not a scam it's just a crypto to be a scam because it is in the wrong hands. and I think cheating is also common in fiat currencies and we can't avoid it. because in this world there are always bad people who want to get profits faster without having to work. so this scam is not a crypto error but a user error. |
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Get rid of all the cash?
Probably sometime, but this is still a long way ... of course, this is not only our (user) goal but also (probably even much more) governments, because cash still remains the most difficult way payment to track down...
However I think needs very long time and saying that I do not think about years but rather about decades ...
yes i agree with you getting rid of fiat money sounds easy but i think it will be quite difficult to implement. because fiat money has been used for a long time by the community and until now fiat money remains a means of payment. even though most countries have started to adopt blockchain and cryptocurrency not means that fiat currencies will disappear. it might take quite a long time for people to be ready to use cryptocurrency. |
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I think after economy boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.
So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.
The point is that debt and quantive easing will Give at the End More value to fiat currency!
So those who talking about fiat currency devaluatiion or so You are all wrong.
I think you think too far. don't think too often about things that haven't happened yet and far from reality. currently a bitcoin price of $ 9k is possible when bullrun bitcoin will reach $ 20k - $ 30k. You say $ 100k - $ 500 I think that's too high. and if a country has a lot of debt it can cause a country to experience inflation and make fiat currencies worthless. |
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in my opinion the rise of bitcoin yesterday has something to do with the statement of the president of China who supports the blockchain. China is a strong and developed country and also the number of investors and the biggest miners of Bitcoin is also from China. so in my opinion it is not surprising that any cryptocurrency or blockchain policy taken by the Chinese government will have an impact on the price of bitcoin and altcoin.
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no because in my opinion lending cryptocurrency will be able to harm either the borrower or the person giving the loan. because cryptocurrency is very volatile it can go up and down suddenly. for example, I lend btc when the price is 1 btc = $ 4k, then next month when the btc price falls, it will be $ 3k, I will lose. I'd better use fiat money if I would lend people money.
using fiat in our lending will give simple calculation.just calculate interest for each month and we will know how much total amount that we have to pay.no value volatility that could make us pay more in future as you described above.but overall crypto currency give us another benefits in economic side. I give a loan of money not to make a profit. I give loans because I want to help my friends. I do not want to be a happy person above the suffering of others. if I want to make a profit I will invest or trade. I will not ask for payment more than the money I lend. |
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GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?
Share your first impression!
I am not pretty sure why OP says it is a GlobalCoin because for me, bitcoin is still the crypto that unites the world. And yes, it is true that facebook is widely used all over the world, but for me, it is not that promising as it is not decentralized. There's still a third party that will control how this coin will perform in the market. Because It is better for us to have freedom in financial aspect than our transactions being monitored and controlled by a third party. I'm sure Libra coin will perform great, but it is still upon us how we will treat it when it is already in the market. yes i agree with you in my opinion bitcoin will still be a better coin compared to libra. because bitcoin is decentralized there is nothing to regulate and control. but I positively welcome the presence of this libra will make people who do not understand cryptocurrency understand because facebook has a number of billions of accounts so it is very effectively used to promote cryptocurrency. this will make the cryptocurrency market more attractive. |
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to get the best results from investing crypto we need patience and not easily panic selling. when the bear market a few months ago we should not complain or panic selling. many people fail to invest in cryptocurrency because they are not patient. they think bitcoin is a way to get rich overnight. this is wrong thinking. to get big profits we have to be patient and wait for the price of bitcoin to rise.
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trading is a quick way to make a profit from the crypto market. but trading has a big risk and it's not as easy as imagined. some people always recommend buying low and selling high. but it is very difficult to do when the bear market. because coins only go up 1% - 10% but then fall to 30%. so for beginners and when the bear market I suggest it is better to invest long-term rather than trading.
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in my opinion stable coins will not threaten bitcoin because they both have different functions and uses. Stable coins like fiat money are more stable and are often used for payment instruments because they are more secure and transparent. while bitcoin is a coin that has high volatility so bitcoin is more suitable for investment. so I think stable coins won't threaten bitcoin. the presence of stable coins in the crypto market makes the crypto market more crowded.
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When it comes to money people like trying out things the way they see fit, try first learn later is the rules of newbies and thats why they always get scammed easily, HYIP, Pyramid Scheme, as dangerous and alarming these two are people still join them till date, both crypto and internet is not the evil here, people are to be blame for what happened to them
yes i agree with you cryptocurrency and internet is not a crime. cryptocurrency and internet exist to simplify our lives. but there will be bad people who will use cyptocurrency for crime and the target of these bad guys is beginners who don't do research before investing. they just follow the HYIP and will benefit quickly. this is wrong thinking. to make a profit in investing crypto we have to work hard to analyze the market and be patient with fluctuations in coin prices. |
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the source of money I invest in bitcoin and altcoin comes from my income as a bounty hunter. before many ICO scams I always followed the signature and airdrop campaign. and payment of salaries from the signature campaign project is quite large. so I always sell gift tokens and use them to buy bitcoin. Until now I have always been passionate about participating in the project so that I can continue to collect bitcoin.
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when I made a bank account book. I don't think there will be employees who ask where my money is coming from. they just ask what I do for a living. and in my country I have accepted and allowed bitcoin as a trading and investment community. so if for example there is a bank employee who asks about where my money comes from, of course I will answer from cryptocurrency. and
I will save the proceeds from the crypto profits in several bank accounts.
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in my opinion 2020 for the altcoin market will still be dominated by the top altcoin such as ethereum, ripple and tether. I am optimistic that altcoin will remain like 2017 because if we look to this day there is no new altcoin that can replace or shift the old altcoin from the top list of CMC. so I will still choose the old altcoin ethereum and ripple. both of them are very potential coins.
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Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
in my opinion people who don't understand crypto and blockchian but directly invest in crypto are greedy people. they don't think too much about the definition of cryptocurrency that is important to be able to give an advantage so they will immediately try it. this way of thinking causes some people to suffer great losses. they don't do research and study crypto seriously. all they think about is profit. |
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with the adoption of blockchain and cryptocurrency I think it will make China a more developed country. and in my opinion China makes its own crypto coins to rival bitcoin. but I don't think stable Chinese-made coins will be able to defeat decentralized bitcoin and already have a large community and market capitalization.
but I am optimistic that the presence of China crypto will make the cryptocurrency market more attractive.
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in my opinion bitcoin will always be the dominant coin in the cryptocurrency market. because bitcoin is the main coin and the price of bitcoin has always been a reference for altcoin. bitcoin has the largest community and market capitalization. and all investors always make bitcoin the first coin to buy when entering the crypto market. so I'm sure bitcoin will always be the dominant coin and no coin can shift the position of bitcoin.
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of course I'm used to bitcoin volatility. before investing bitcoin, of course I've done research. and I've researched that most people invest in bitcoin because of its volatility. bitcoin volatility can make a rich person quickly or go bankrupt overnight. as long as we have good speculation about the price of bitcoin, we will benefit. and of course we also have to be patient when the bear market. and stay hodl.
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I'm sure most of the people in this community will definitely choose bitcoin as the main coin they have and definitely choose bitcoin as the coin that has the most percentage. because bitcoin is king in cryptocurrency when bitcoin goes up, most altcoins will also go up. bitcoin has always been a reference coin. so my portfolio is 80% bitcoin and the 20% are Ripple and Ethereum.
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Blockchain technology is indeed very interesting. so do not be surprised if the number of countries that support it is increasing. by using blockchain technology the transaction system will be more transparent, fast, secure and the cost is also cheaper. now many banks are using blockchain technology. I am sure in the future more and more companies or countries will adopt blockchain technology. with the adoption of the blockchain it is likely that Bangladesh will legalize cryptocurrency.
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