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I love ETH, but I don't think its possible to reach that right now. Although ETH is having a very good run, it cannot reach the bitcoins current price. I hope it can someday.
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Let them panic because it will be a good opportunity for us to buy coins at lower price.  For the people who has been here for a while they already forgot the word "FEAR". |
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I wonder how many investors panicked and have clicked the sell button because of the recent event in South Korea? News, are very effective nowadays it can easily create FUD.
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In my opinion the possible competitor of ETH is the coins in the top 10 except bitcoin, because i guess there is no competition to bitcoin. BCH, ripple and cardano is near ETH are more likely to bypass the ETH in the market.
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Ahh, I see. I think the US government is not literally selling BTC or into cryptocurrency. I think they are just liquidating the seized coins from the person whom they have arrested. |
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How can you say that the US government had been using or selling bitcoin? Don't heard any news about this. Do you have proof to back-up your statement. I also want to learn if this is true. Thanks
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Do you think there will be a chance that bitcoin will be recognized by all people around the world? There is a large chance that bitcoin will be known to all people in the world, right now bitcoin and other crypto currency are getting some recognition from news corporation which helps in spreading on what bitcoin and crypto currency is and governments are keeping an eye to it. If so, what would you contribute for the success of bitcoin in adapting human culture?
I really dont help in contributing in any success on what bitcoin is getting, its hard to explain to some people on what is bitcoin and its purposes, there will be some arguments and dispute about it and im not good at handling those kinds of things. Explaining to people is a hard thing to do. But showing them examples is very easy. You could tell them how bitcoin have change your life and your lifestyle. If they see you are getting a lot of profit from it, for sure they will follow your lead. |
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The US government have already made actions regarding this, they are now imposing taxes on transactions done by bitcoin. I heard UK is already doing actions.
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Yeah, you can do that. Some of the ICO's who are doing signature and bounty campaigns in this forum offers their own coins as the reward which bounty hunters can get after your ICO.
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Yes, for sure the government can do anything. They can ban bitcoin, in fact some of the countries in the world did it. China banned their people using cryptocurrency, but I don't think people can be stopped.
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There are many ways right now to convert BTC to any fiat money unlike before. Depending on your country some banks and establishments now accepts conversion of bitcoin to fiat.
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I guess my biggest mistake was believing that I can win big amount of bitcoin through gambling not knowing that I have lost a lot of it. Lesson learned I guess.
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I think bitcoin right now is already recognized around the world. Its popularity have already grown big since before. What I can do is to introduce bitcoin to my friends.
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The survivavility of a coin will surely depend on the team behind it and the goals and vision of it. No matter how promising the coin would be if the team just minds the profit it will surely go down and die.
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Just use a local exchange from your country. You trade BTC to your local currency and then transfer it to your bank account. We hope that someday BTC will be the real money and we won't need a shit bank anymore
Bitcoin has still a long way to go before it can happen. Right now, we will just rely on the exchange site available to convert our coins into a fiat money. I hope though it will happen in the near future. |
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There are many ways to convert your bitcoin into fiat money. You can use exchange site like Coinbase where you can change and deposit your money in your own atm card or bank account.
ParallelSquid, i also agree with you, can anyone transfer his Bitcoin in his bank account or direct withdraw at ATM. Many country are not support that's. there is a way. There have many traders. Traders can buy and sell your bitcoin. So, don't worry and earn Bitcoin. I think traders or P2P transactions are not the safest way to convert your bitcoin. Although there are some trusted members here, we can't deny the fact that there are many scammers than the legit ones.  |
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I can answer my question by saying that bitcoin has what others don't and that's being the pioneer in the crypto markets. Which is why everything is priced in bitcoin But really....what does bitcoin do better that any other alt? What's the intrinsic value of bitcoin that I can't get with other alt? Transaction fees? No. Fast network? No. scalability? No. A functional product? No. Full anonymity? No. Descentralización? No. So? The markets are priced in bitcoin, and being that base of value is pretty important, but...is that it?
In my own opinion, Bitcoin is the best because of its value that is greater than any other cryptocurrency, Another thing is that, The growth is faster unlike to other altcoins that grows slower in the market and it really takes time for their coin to increase its value. Most of the investor are only interested because of the growth and positive speculation about the bitcoins. Yeah, its growth is very rapid and also its dip. Bitcoin is the most volatile coin in the market. In some ways, these characteristics are very beneficial especially on those who are doing trading. |
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If we are talking about the benefits bitcoin can give to our economy. I think bitcoin helps improve the economy of a country by giving more financially capable citizen. These citizen can somewhat improve the state of the economy.
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There are many ways to convert your bitcoin into fiat money. You can use exchange site like Coinbase where you can change and deposit your money in your own atm card or bank account.
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Yeah, controlling your emotion is very important in trading, most especially at those times when the price suddenly drops big. I guess trading is not for you if you haven't got the nerves.
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