|
Fiat currency has regulatory authority which will never want cryptocurrency to overtake fiat currency.
there are some reason why -
Crypto currency can be used in illegal activities like Black money etc.
Decentralize currency can never be fiat currency.
|
|
|
|
|
Because people think gold has more secure than bitcoin as govt. mood against crypto we can't predict. People believe in those asset which they can see and should have stable price because people are very offended when they are going to invest their money. It is real fact because if you see historic data of gold price than it seems stable and secure.
|
|
|
|
|
I totally agree with digital money concept because now a days technology has been changing in every month and world become faster now a days. In faster world blockchain comes for providing convenient way to transaction.
cashless society is not an easy talk country like India, but govt. Is doing all effort for going cashless. Recently year NPCL ( national payment corporation of india) launched UPI (unified payment interface) for ewallets like paytm etc. And this is very successful step they have takens because last month total transactions had taken place near about 140millions.
It shows that digital currency is not away.
|
|
|
|
|
Yes i like crypto coin because of its freedom, we can create own currency if we want to, there is no restriction from any third party. Secondly it will give us huge profit.
Now a days only few crypto coin are well known i.e. BTC, ETH, LTC etcetc. But Future of currency is the crypto currency and blockchain technology.
|
|
|
|
|
we have heard news about implementation of block chain technology on daily basis. Here i am talking about whole crypto currency not specifically bitcoin.
Maybe in future every country their own cryptocurrency with legal tender, people can buy goods and service with it. So future is predictable in crypto currency market.
|
|
|
|
|
In our country we have exchanges like zebpay, coinsecure and unocoin etc. They are linked Crypto currency account with our bank account and after converting crytpto into fiat we can directly withdrawal money to bank account.
Before this we have to clear KYC procedure, Bank account verification, PAN card details so that govt, can track payment whenever they want.
|
|
|
|
|
When we are talking about world economy than bitcoin worth is 0.054% of total world income till now, It may be very effective if it is legal through out the world. currently some countries like Chile, japan , Germany , US and many more but still there are countries crypto is not legal. It is sure that in future world is going to adopt crypto as a legal tender than trading between two countries can become trade loc like EU nations has right now.
So we can't neglect crypto potential.
|
|
|
|
|
Currently i have not any bank which is accepting bitcoin as a financial source, But still development under blockchain technology under maintenance because banks have found this opportunity to increase their productivity,I am here talking in term Barclays Bank which is implemented blockchain technology to secure transactions and reduce time and cost also.
|
|
|
|
|
There is huge difference and few similarity between them, If we compare price of both we get to know there is huge difference in price.
In India today value of gold is about 31000 Rs and bitcoin price is about 530000 Rs.
But govt. is legalize trading in Gold but they are neutral on Bitcoin. so investment in gold is more secure but it won't give you huge return, but investment in bitcoin can give you huge return in small period of time.
It depends on various factor, where you are living and what is status of bitcoin in your country.
|
|
|
|
|
For manipulate bitcoin we have to be in unity, only we people can create huge demand of bitcoin and lower the supply by holding bitcoins. Then you can imagine what would the scenario.
recently google bans crypto ads, we took this as worst case, we sold coin at low price and price got smashed.
from these kind of examples, we people can learn lesson for realization that we have power to manipulate then why we would not able to do that?
Question arises but no one want to answer because they feel insecure with their crypto asset. Lets change the thinking and play the game with your own rules.
LETS PLAY THE GAME AND WIN
|
|
|
|
|
Yes bitcoin is secure because it is running on blockchain technology. hacking of bitcoin is very very difficult or impossible task because algorithm language is very complex. so we can say that bitcoin is secure currency in the world. no one can hack your crypto without knowing your password or private key.
|
|
|
|
Does Bitcoin Need The Social Media's Help To Promote Itself?Well, Bitcoin needs all the help that we can get. With its current situation, Bitcoin Foundation is just thinking out of the box to help Bitcoin recover and might even succeed. With the help of Social Media, bitcoin can attract new and young users. Learn about bitcoin and eventually adopt it. Maybe this is the first step of mass adoption. What do you think? Now a days huge number of people using social media for chatting, sharing etc. in corporate world most of companies spend money on digital marketing rather than traditional marketing i.e. TV ads etc. Similarly When somebody start ICO for his/her project, They will go to digital marketing. Because social media campaigning is cost efficient and has more effective than traditional approach. You can see on Facebook, twitter how many people following bitcoin after that you can guess, if we go to social media promotion than what will be the benefits in terms of popularity. |
|
|
|
|
When we are comparing other asset with bitcoin than i find BCH is the next bitcoin because last year we had seen the potential when BCH had reached 3500 USD line. as we all know BCH was created in Aug 2017, in short period of time it is grown like beast.
when it was started price was in between 200 - 300 USD but now price of BCH is 1100 USD. which is double than ETH also.
Why not BCH is next to bitcoin.
|
|
|
|
|
Actually it is great concept, And there are many project are running to build a crypto currency bank. Can we imagine bank without centralize authority ?
I don't think so, because for creating a bank in any country we need permission from central bank (for example in India, we have to report Reserve Bank of India in order to open a bank and have to follow their rules and regulation).
I think bitcoin bank will be working like gold bank, people can store their crypto asset in banks in electronic form.
|
|
|
|
Emm, your calculations seem to wrong from the very beginning. Forst of all what is the general amount of the world income and how do you calculate it? You need to show its structure. Also it seems like you are adding the BTC market cap (which can't be concidered as income) to the rest of the numbers.
Bitcoin is a currency and if you need to compare it with something then you may try compare it with the supply of the US dollar. You will get less impressive numbers.
I was consider world income in USD because https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html and total bitcoin in circulation right now 16,937,088 it means 8925*16,937,088 = 0.152 trillions USD which is 0.054% of total world income. |
|
|
|
Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it. Assume Bitcoin price - 8,925 USD According to coinDesk Supply of total bitcoin yet = 16,937,088 Total value of bitcoin till now approx -$0.152 Trillion According https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.htmlTotal World income is 280 trillion USD Total bitcoin contribution to world income 0.054% Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc. Share your view on it. |
|
|
|
|
It can use by both the ways, it depends where you are living, I.e. if you are living in japan, chile, US and arab countries you can use crypto as currency, but if you are living where crypto is not a legal tender but can use for trading purposes than we can say crypto is asset for them because they are using it for profit making.
|
|
|
|
|
Be aware from these kind of apps because there are very few apps available which are actually legit in nature otherwise it is just waste of time and data.
Before installing any of app , you can go through rating and review there you can able to find about app information.
|
|
|
|
Bitcoin is a currency. Bitcoin is a solution to many problems. Bitcoin is bringing questions and new problems to this world.
Some people find this as a ride to boost your income, not specifically Bitcoin but also the whole crypto market.
I think it's a great thing! But what are you actually looking for? Bitcoin itself (the currency) might not be your solution.
If you want to "conquer" the world, you can't do it with Bitcoin. Like you can't conquer the world with the dollar itself.
You need to focus the technology. The blockchain along with it, bringing a new economy generation with freedom and decentralization.
It's something that should be written a new bible about in my opinion. Before you learn Bitcoin, learn economy. Once you master this skill, own Bitcoin as one of your cards.
I would like to hear some of your opinions and hear some smart words because I believe people think investing Bitcoin will make their life done financially but I honestly think it's not true.
i am a MBA student and currently my pocket money is total fulfill by crypto currency, because we as a team providing service to ICOs from there we get income in BTC sometimes ETH also. I will continue with this work in future even after completed by study as well, because i find so much potential in bitcoins and all that crypto currency so I will do work and earning income on regular basis. |
|
|
|
|
First of all you should be aware about some terms when you are going to understand trading concepts. So Its depending on how you are thinking about particular crypto asset which you are going to buy.
Trading is often doing on intra day because in trading people are about to earn small amount of profit from purchased they had made.
investing is always long term, just in some crypto and forget about it for more than one year. It can give you huge amount of profit.
but as you know all risk is always be there. So keep updated yourself with full of knowledge.
|
|
|
|
|
Show Posts
