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IEOs are much better compared to the ICO's for different reasons. Here one thing need to be discussed is the profiting. Out of ICO the cryptocurrency users made a big profit, but the same isn't possible with IEO. This is all because of the investment opportunity. Most of the time IEO investment gets limited. So everyone won't be getting the opportunity, only the few with the highest investment ability profit out of it.
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I would at least wait it out till they distribute new tokens. It can definitely go above $1 by that time and you'll be able to enjoy more profit. Another great suggestion would be to take out some of the profit and leave some for later. We don't know if xrp will ever see $0.19 for next few months/years.
Yes, the new token is scheduled for the distribution. It isn't promised of price rise on the distribution, but there is more chances for the same. Good is to to take place as capital along with the 40% of the profit. Leave the rest for the further growth. XRP is good with its widespread and growth associated with its real-time usage. Through this there is more chance of higher growth. |
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Projects never gets killed by bounty hunters. The allocation for bounties compared to other promotions were very small.
Bounties gave big earning in the past, now most of the bounties go unused. In few bounties I received the rewards, weren't able to trade through exchanges. Many have experienced it, and this way bounties never kill projects. Bounty hunters are just a part of promotion and they spread the word about the project.
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More and more number of large scale companies are investing on bitcoin. Already Wall Street people might've invested on bitcoin, but those aren't revealed to the outer world. Now slowly things are getting revealed, and the same is helping with the growth of bitcoin in terms of usage, adoption and as payment on more number of stores.
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Anything that has got real-time usage will grow slowly. With bitcoin, we're experiencing the same. For what OP has stated, we can't be judgemental. There is possibility after hundreds of years.
Governments slowly need to adopt bitcoin and take into consideration using bitcoin for every day needs. Slowly the currency printing need to be lowered and then stopped. Further the physical currency into usage needs to be taken out adding bitcoin to the market. Do anyone think this is possible, if so there is chance of bitcoin overcoming the value of fiat money.
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these companies do this all the time, they just ask a tiny number of people some question and call that a "survey" and then make a bold statement like this. i say tiny because they chose 380 out of 305 million!!!
besides if 20% of paypal users were really buying bitcoin that would mean 61 million people bought bitcoin on paypal which is literary impossible since they don't even have that much bitcoin to sell to these people even if they all bought $1 worth of bitcoin not large amounts!!!
Agreed, the survey itself questionable, if the same is achieved through a proper sample people admit the reality. My thoughts, the integration of bitcoin into PayPal has made more paypal usres make use of the access to bitcoin. Based on the quoted calculation, it isn't possible now or in the near future. People are being fooled by the media favouring the centralized networks. |
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Let's see if bitcoin can keep on 19,000$ range first without too deep corrections. The longer bitcoin holds its position more chances it has to reach ATH (all time high) in 2021.
The market is very optimistic towards bitcoin's price. Some analysts predict the price is going to reach 300,000$ or 500,000$ next year. There are big companies, such as fast food networks, following bitcoin closely and even broken economical countries are already tending to let people deal with bitcoin in their territories as we have seen in Venezuela and probably Argentina. These are all good indicators for bitcoin community.
The ath gets marked by the ongoing year if the price of bitcoin stays above $19000 gaining stability. Most of the time the market crashes in a short growing high and high, and such drastic drops gives good momentum for a hard push forward. It is for sure more good is happening around the globe for bitcoin, and the same adds more power to the growth, but an ath out of the same is not a reality. |
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Mostly we can see two kind of criminals. One is the high tech criminals and the other is local criminals. These high tech criminals have little knowledge about the technology advancement, but those weren't used on the criminal activities as they haven't used to it. Local criminals keep them engaged on small level of crimes around the locality. So there is very limited usage of bitcoin by criminals.
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Bitcoin isn't at the risk of regulation. When something gets regulated, automatically the growth gets affected positively or negatively. By the time, regulations help in making people use that particular thing without fear. Maybe it could have hard restrictions, but when days pass people gets used to it. There is nothing to discuss about bitcoin standing at the edge of regulation.
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I find crypto market to be independent, and thats the reason it hasn't got a big impact because of covid-19. The market is reactive to all forms of speculation and statements putforth by leading personalities of the cryptospace. In my understanding I don't relate covid-19 with the growth of bitcoin. Even if there is no covid-19 the same pattern of growth could've taken place.
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In my view, anyone who has earning in excess meeting all the living needs is rich. Based on the calculation I find more and more number of people investing on bitcoin. The names expected by the OP isn't the rich, but those were billionaires. It won't be revealed that easy, soon we can expect more personalities.
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Ripple has been rising high and high with time. This has been taking place as a result of Ripplenet getting increase in usage. More and more number of large scale networks getting partnered adds more power to XRP. Manipulation is part of cryptocurrency network, but people always State XRP as a completely manipulated growth. This isn't true and for the same there is more chance of XRP reaching $5 in the future.
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We have to understand if we encounter a lot of people who still have no idea what is bitcoin since it's still at the early stage of adoption. This is nothing new and it will still take time before we get to see more people know about bitcoin. Even if we are seeing news of bitcoin adoption, it's still not enough for other people to recognize it in certain areas. If you want to give an awareness op, then you can probably start by introducing what is bitcoin to some close people around you. But as I have said, it will take some time for bitcoin to be more known.
Just think of gold and fiat. They are all age old, and has reached this level through years and years of usage. With bitcoin, the usage is very small. Only after certain time period this will change, and the change will make a big impact on every market. Already it has grown, but in terms of real-time adoption it takes time. To determine the growth, bitcoin getting comparison to the history backed gold itself is enough. |
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Close to the days of Christmas the price will peak high or it'll drop drastically. By the time we can see large number of sell orders, and this is connected with the spending for Christmas. The same will be tried as a manipulative point by the whales creating some panic, stating the sell were made out of panic. This way the market could also get disturbed. Everyone are much into the belief of making good out of the bull run that has started.
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Bangladesh has been found to be against the cryptocurrency usage for years. Quite often the policemen of the country used to arrest people for making transactions in bitcoin or for some activities connected with bitcoin. However people continue to use it neglecting the government. This means people are in much need of it, and the government should understand it. In the short or long it won't easily end up accepting cryptocurrency.
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Altcoin price pumping and dumping is part of the network. Most of the time this is followed by the growth of bitcoin. Whenever there is pumping in the bitcoin market, automatically it gets reflected on the altcoins market. This time too the same has taken place. At the beginning there is no big growth following the growth of bitcoin. At some point the growth of bitcoin isn't high, whereas the altcoins started to pump. Now I find the growth of altcoins to be growing mutually.
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Already different countries around the globe have tried the best to impose tax on cryptocurrency usage. Nothing has turned to be an effective way. As in the opening post, if something is found to be working in an efficient way then surely every country will tend to follow the same. Israel took it similar to digital gold and imposed tax, but it wasn't able to collect as the incoming transactions from cryptocurrencies can't be identified perfectly. As Governments weren't able to stop the usage of bitcoin, now the focus will be to regulate and impose tax on its usage.
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With cryptocurrency we can see resistance and support level at certain price range. The difference between the forex and the cryptocurrency is all about the precision. With forex and stocks the experts have same opinion about the resistance point, but with cryptocurrency different users state different resistance and support points. Whenever the market moves with a big jump there is more chance of dropping down in a short. Here the resistance gain keeps the price stabilize and stay above that for a long termed to be support level.
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I don't make myself into risks. We don't know what is the true value of the project. Experts make precise prediction, even that go as a mistake at times. When it comes to altcoin investment, my choice is the top order assets and the assets that have limited fluctuation.
With new projects I prefer investing on tokens launched through Binance. We can see altcoins growing much higher in percentage, people fall for it without knowing the trading volume. One should be aware and should have basic knowledge on such things to maintain good portfolio.
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Making the thread title statement true, there is good progress in the price of bitcoin and rest of the altcoins. The large companies participation had helped the entire cryptocurrency market have a boost up. Maybe if there is no large scale participation from the companies, the same growth could've taken place. I mention this based on the growth it had experienced during the first wave of covid-19 spread.
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