For me government is a symbol of Corruption. I would be more than happy if government receive less taxes. It would help nation in two ways. One is that people's real income will increase and this will cop-up with inflation raised. Due to less tax income, government will spend larger part of taxes on public services and put less than before in their pockets.
If your government is already corrupt, they will always put themselves before the well-being of the public. Which means that less tax income will only lead to even less money for public services.
|
|
|
I can just say that the ICO bubble can't burst soon enough for me. It is like people who get involved in Pyramid schemes and think they are geniuses because they make profit out of them in the short term.
I don't mean to sound nasty, but people are just investing in crap and being scammed on a regular basis, but due to the massive increases in price when they are successful, they don't even care about the constant scams.
I feel you. It's not even an open secret anymore, but people still keep on pouring money in like summer will never end. In this world, where cryptocurrencies is one of the most sources of income. The only thing that we can do to this is to become a smart person and don't get left behind by the possible opportunities to make money. Don't mind if they are like a scam, as long as you are making money then there is nothing wrong with it. ICOs will take time before they will get minimized and we shall take advantage of those ICOs to make a lot of money. Well, everyone is free to do whatever they want with their money. But at this point you may as well just be gambling.
|
|
|
There will be a decline in bitcoin prices after segwit2x but only for a moment and then there is a rocket that has been prepared to go to the moon. I'm sure $4000 will be achieved or even maybe it could exceed that value, nobody knows for sure but I'm sure about it will come true.
Thing is, I'm pretty sure that that's what everyone's expecting by now... and Bitcoin rarely acts as expected.
|
|
|
...
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Oh definitely. That's my plan B whenever I'm abroad. So far I never had to fall back on it though.
|
|
|
What is your exit point? Where will you sell your coins? How much % of your stack will you sell?
I have no exit point, but rather an exit range. May not be as profitable, but I don't even want to go try predicting the "top".
|
|
|
I think the alt coins are in a bull market because Bitcoin is. About a correlation between Bitcoin and the stock market I'm not so sure. It hasn't been the case in the recent bull markets, but maybe this is changing with Bitcoin slowly reaching mainstream acceptance.
|
|
|
Hoping that the same effect will happen as we saw it gave LTC a very positive out come.
Actually LTC price was increased when segwit was about to be activated and there was quite bigger correction when segwit get activated. However within few weeks price have recovered and getting pumped right now. So I am also expecting similar pattern in bitcoin. Yeah, the LTC price during segwit activation was a picture book example of "Buy on the rumour, sell on the news". BTC will probably behave quite similarly, that's true.
|
|
|
I can just say that the ICO bubble can't burst soon enough for me. It is like people who get involved in Pyramid schemes and think they are geniuses because they make profit out of them in the short term.
I don't mean to sound nasty, but people are just investing in crap and being scammed on a regular basis, but due to the massive increases in price when they are successful, they don't even care about the constant scams.
I feel you. It's not even an open secret anymore, but people still keep on pouring money in like summer will never end.
|
|
|
Indeed, it's more likely as an advantage for bitcoiners and citizens who lives in countries with financial problems. Make their living entirely off bitcoin maybe harder to do than just say it due to bitcoin scarcity and high costly to get it especially after bitcoin reach higher price such as $10,000.
We understand, some people could use bitcoin for illegal activities such as terrorist financing, buy illegal drugs or money laundering, that's why govs have to regulate bitcoin and exchanges as the entrance to convert bitcoin into cash.
The Bitcoin price itself is not so much of a problem due to divisibility and hopefully lower volatility once prices such as USD 10.000,- are reached. The high cost factor to actually get your hand on Bitcoin in some countries may be a problem however, that's true. Nonetheless I daresay that most illegal financing still happens with plain old cash and "clean" bank accounts and probably will so for the foreseeable future.But that's just an educated guess.
|
|
|
Countries with rogue or just incompetent governments may fall victim to a Bitcoin "attack", so to speak. In these countries population heavily suffers from constant currency devaluations (e.g. Zimbabwe in the past or Venezuela right now), so with Bitcoin they can completely abandon their low paid jobs and make a living entirely off Bitcoin. From an economic point of view, that would work as a reversed inflation tax. With a direct inflation tax, it is the population that suffers most from currency devaluation, but when we reverse this tax, it is the government that now gets hit by it.
That's actually one of the positive use cases of Bitcoin. Hedge against inflation of your local fiat currency. Bad monetary policies ruin currencies all on their own, no need for Bitcoin on that.
|
|
|
I am one of those people who are still worried about what happens when Segwit takes place. Maybe there are still many people in the world who ask how the end result of segwit. We may all become worried until later, a long time waiting for the reality on the 1st of August 2017. We can only wait until that happens actually.
Knowing Bitcoin, Segwit deployment will be anticlimatically uneventful, only for some unrelated drama to get unleashed a few weeks after when nobody expects it.
|
|
|
Bitcoin is even safe to invest into even when you do not have saving. That is mainly due to the fact that bitcoin has always delivered profit to its investors whether it be any time period. From a few dollars eight years ago it is valued to more than two thousand dollars. Also as more people invest into bitcoin, the value of bitcoin increases.
Bitcoin has had an excellent run so far, but there's still risks involved, don't sugarcoat that. Never invest more than you can afford to lose. Even assuming that Bitcoin will always recover, a long bear market may still be your downfall if you don't have any other reserves that you can rely on.
|
|
|
can you tell me what the problem with bitcoin is?
Maybe too expensive! and way too unstable? Expensive I get, the latest fee market has been abysmal. But the last 2 years of Bitcoin hasn't seen more volatility than Ethereum, or any other alt coin for that matter.
|
|
|
ICO situation really looks like a bubble... just check coinmarketcap website... amount of all ICO exploded... too much companies want to launch their own ICO. Some ideas are really worth attention, but there are a lot of rubbish on ICO market atm... the problem is that it is unregulated absolutely. I think if there could be at least minimal regulation mechanism it would definitely help a lot against those who just want to collect money with shitcoin and runaway without any responsibility.
If anyone want to invest in ICO he/she should perform research homework including detailed due diligence
The lack of regulation is the beauty of it. That most ICO investors are only in it for the quick buck without proper evaluations is what will cause it to turn ugly sooner or later.
|
|
|
I already got my popcorn ready, but I'm afraid it will still take a while until the wakeup call.
Nice description but I don't see the situation that dramatic. Lots of people consider this as bubble but I'm not sure if it's a real bubble. Most, if not all ICOs are highly overvalued. Sure, there might be a unicorn somewhere in there. But a lot of these products will fail, and most will underdeliver.
|
|
|
I already got my popcorn ready, but I'm afraid it will still take a while until the wakeup call.
|
|
|
I hope Satoshi's identity will remain a mystery. His disappearance was one of the smartest moves he ever made - can't discredit a person no one knows, can't influence the price if something happens to him
Should his coins ever move though, it would be akin to Cthulhu's awakening
|
|
|
To me at least the biggest mistake is people storing coins on exchanges. Most people don't remember Mt Gox anymore even though it was recent enough. Probably because there's so many people that got in to bitcoin after this shambles Hardware wallets are actually affordable and easy enough to use now so there's no excuse. True, Gox seems like an ancient legend from a distant past by now. Let's hope we don't get a modern equivalent any time soon.
|
|
|
Russia and INida been examining the currency but now several nation are accepting it widely
China,Japan and a lot more accepted it,though it might not be implemented or announced by the government in other countries it still allowed to be used by any country as long as they want to. Many countries are officially accepting the bitcoins as they know and can forecast the important of early adoption of bitcoin in their economy. The rest of the countries which are opposing bitcoins will soon realize this as their biggest mistake. I think a lot of the acceptance also stems from the fact that there's little to be done anyways. Putting Bitcoin in a legal framework is easier than fighting an uphill battle against the internet.
|
|
|
|