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Without banks it would be very difficult to make payments, very difficult to make credits, it'd be very difficult to create money. Recently we've seen a lot of technological disruptor's enter financial services. So examples would include not only digital currencies like bitcoin but also peer to peer lenders crowd source funding and whole variety of other innovation that people are coming up with as waves to not use deposits to fund lending. So bitcoin is unusual creature because we are not sure who created it or exactly when it was created. Bitcoin is terrific alternative in most other countries the central banks aren't behaving that badly and so it doesn't provide that important of an alternative but it put a discipline on central banks if they have badly theirs a easy alternative.
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Bitcoin gives you option to opt out it gives you many multitude different options and opportunities to benefit you and your family around the world and I'll tell you exactly why so if you look at our banking system right now like Federal Reserve Exchange you look how they do banking what inflation rate and actually lending out 9/10 of what they supposedly have in the reserve as frak as the reserve system they have it 8s absolutely absurd
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A total of 15 exchanges licensed in Japan already in year 2017 has been a wonderful year. And over 13,000 today its been a big day, with bitcoin more and more ubiquitous with each passing day. Japanese government has been seen a necessity of licensing bitcoin exchanges. On September 29th the financial services agency of Japan announced that operations of 11 cryptocurrency and some currency exchanges in the country now what's even more cooler FSA licensed more cryptocurrency exchanges in Japan that's bringing an up to fifteen fifteen exchanges the four newly licensed.
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I don't believe we need to worry too much but altcoins to me are very important to the ecosystem and the more experiment the better it is something really important happened this year people fled bitcoin into a etherium and thats was awesome because all of previous time they fled bitcoin they left the cryptocurrency economy and this times they simply switched lanes they didn't abandoned cryptocurrency they left bitcoin and went into a theorem to see what's the other side doing look at what's going on over they their not fight yet.
What I'm pointing is having another cryptocurrency is not bad because like bitcoin it might boom in comming future and you have the chance to get involved on its small price, and wait till its value will get high.
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There are some clear similarities between the two asset classes, limited supply, storage of wealth, etc. In gold's case, its industrial uses in electronics don't justify its price, so it seems many people come to conclusion that its value largely comes from its capabilities in storing value due to its capped supply, just like bitcoin. However, I think a huge factor that gives gold value, that people seem to brush off, is its visual display of wealth. People do buy gold to store their wealth, but many people also buy gold to make into jewelry and other forms to "show off" their wealth. I believe that this may be a core reason of why gold is valuable, and its capabilities to be a store of wealth are a result of this.
You have two types of consumers competing for gold's limited supply:
1. People who want gold to show others that they can afford it.
2. And then those who buy gold as a store of value.
I think this is something that bitcoin has going against it; you can't have a bitcoin-plated necklace or a mansion made out of bitcoin bricks. What bitcoin does have is incredible liquidity as a transfer of value (well... except for its fees), it is very censorship resistant, decentralization, etc. As a advocate for cryptocurrency, I do think that these traits give it value, but I am concerned in the long run whether this "visual display of wealth" factor that precious metals have are actually a very large portion of what maintains their value.
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Your prediction on Bitcoin must be all set or else you will get tired in waiting.
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Digital asset.The ecosystem may change overtime but as it currently stands, bitcoin is mainly us as gateway into the asset class dubbed Crypto currencies. Within the asset class you'll find a variety of individual currencies, assets, start-ups, business transactions , technological research experiments, scams, black market trading, basically a global economy that runs to in parallel but almost completely independent of the other ecosystem.
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Lot of accounts now are not moving with their rank. The only thing to gain merit is by your high quality and it's your effort now to make quality post. Some advice to me is.
1. Avoid single a phase post, make it more technical.
2. Don't post a post that already posted like just you are rephrasing it.
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Bitcoin price now is low but it is not mean its dead. Many people who are using it like in mining are earning.
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Better life of others will not experience, it makes people life change without creation of btc it will not happen.
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FUD is could be done intentionally by people to sway the market downwards or even by misprison a misinterpretation of the news if you will so for example let say you buy a coin amd start going down and you are waiting for it to go up you did your technical analysis whatever or you didn't you just bought on speculation or somebody told you buy this coin and starts going down instead of up and keeps going down what you will do is you'll start getting edgy you will feel fear now when news comes out and start saying things like doom and gloom like oh my God bitcoin going down and this looks always money or this exchange go hacked that's basically spreading of FUD. People are causing Fear Uncertainty and Doubt
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Bitcoin as payment system has many benefit and these are:
1. Fast transaction confirmation time, which is handy for international transactions. It is an international currency that allows to purchase items from abroad without worrying about currency conversation. Btc wallets can be access on any electronic device such as mobile phone or PC, which is handy for convenience.
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Maybe he do gambling, but for me it's a huge amount that a person cannot afford to lose.
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Cash is stagnant with it's current value, the good thing about Bitcoin you can play with it's volatility.
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Investing in Bitcoin has a lot of good stuff theirs a possibility to double your money but as Bitcoin perform it's volatility aspect is one of the reasons why other is not favor in investing on it.
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Consider the bitcoin price in buying Bitcoin never buy when it's in highest value, you probably going to gain loss.
In mining you just need to have equipment and you are ready to go it is like you are investing on something and after that you will earn.
For me I will go for mining, because it will surely gain profit and easy to maintain.
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