After reading a lot of posts made by people on this forum, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
Gold was considered a precious metal and was highly valued already for several centuries before our era. Until 1914 gold was measured almost the entire currency in the world. This meant that the money then existed had a fixed price in relation to gold. At any time, the currency could be exchanged for gold. This system was called the gold standard, and although it is no longer used today, gold still plays an important role in international trade: it is used as a reserve that provides for foreign trade of the country. Therefore Bitcoin is not yet called digital gold. |
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Selling bitcoin is a bad idea when you will only end up buying more bitcoin (possibly at a higher price) in a few weeks...
Bitcoin in the coming month will not increase its value, due to lack of factors on this, but up to 6K will come exactly. Bitcoin does not tolerate stability, if it can not be up, it will be down.  |
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For those of you that think that Bitcoin is going down this article proves that it's still the strongest in the cryptocurrency world. Not since December 2017 has Bitcoin been such a dominant part of cryptocurrency. Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/This dominance of Bitcoin is due in large part to a decrease in the price of altcoyin, including the main competitor - Ethereum. |
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Now the dollar is not growing, the USD index is in the range of 95, so we can say now stability, everything will depend on the decision in relation to China's sanctions and relations with the EU.
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The level of trust and the legislative base (at least lack of restrictions on the purchase and use of crypto) have the most influence on the market.
In case of increasing confidence in the crypto currency, capitalization will increase, attracting new investors.
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Bitcoin is now the best investment, because it enjoys the greatest confidence and the dominance of the cryptocurrency market.
Investing in Bitcoin the chance to lose capital is minimal.
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I am agree with you. At the first of 2018 i saw many investors are entering in BTC. But after a big dump many are leaving crypto with huge loss. So new investors are afraid of entering in it. This is a big challenge for BTC to get back the new investors.
All those who bought Bitcoin above 15K did not analyze the situation on the market, they just wanted Easy money, for which they paid damages. |
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Many understanding people saw Bitcoin as a growth prospect, so he became attractive as an object of investment.
But since Bitcoin's price is not stable, BTC will not yet become an everyday virtual currency.
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I agree. If people won’t learn this now and diversify their investment later on they will scratch their head for committing such mistake. Its not just taking the risk or having such courage though such thing is admirable but without wisdom in all of these. I’m afraid such action might lead to downfall.
Each investor risks proportionally to the possibility of making a profit. The investor should be ready to lose his capital, even more so in the market of cryptocurrency. |
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The less confidence is in Bitcoin, the more difficult it will be to raise its cost even to 10K, not to mention the forecasts of some experts $ 60K in July 2019, even with Bitcoin ETF.
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I'm sure that the physical Bitcoin will kill many of Bitcoin's virtues, and he will lose by comparison with cash in the currency, in the sphere of security from the state.
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I agree that Bitocoin will be manipulated by whales with a large purse, but these monopulations do not often succeed.  |
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I think that analyzing Bitcoin as a stock is wrong, because Bitcoin depends on the trust of investors themselves to it. In the event of any changes in the worse or better, its value will change accordingly.
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I'm sure Bitcoin will be 5.9-6K in the near future, and in the middle of September there will be no sharp increase in Bitcoin's price.
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In Trading, there are two categories of people, those who want to increase their bitcoin volume, and those who want to increase their dollar volume. Which one do you prefer?Why?
Dollar volume - because at the moment it's the world currency. Bitcoin is not very foreseeable, can be manipulated and these are the factors that influenced my choice. |
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Digital currency is to change the world, many of which were positive, to a certain extent, they pose a containment of the government, gave the people an alternative, but that doesn't mean they don't need to be regulated.
One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.
The veritable currency is not so much anonymous, you forgot that everyone on the stock exchange owes to KYC, and this is no longer anonymity. |
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People must stop talking about the death of bitcoin because a currency like bitcoin must not be judged with a change of a day or a month but with a change of a year who agree about that?
I ask too if there is a way to know the 1 year change of bitcoin in cmp or any other site.
Thanks
Most of the cryptocurrency is built only on trust, and the main representative of this category is Bitcoin. In the case of any real force majeure, its value is greatly wasted, if it survives the whole market. So you always need to consider the fact of force majeure. |
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Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?
I think that it is still debatable is it currency or not since a lot people buy it more as an asset. Also Europian Union tends to think that it is more asset than currency, at least for now i agree with them. I fully agree that bitcoin is more an object for investment, for the status of the currency, stability is needed, and not constant manipulative leaps for profit. |
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I think that people investing in btc are not foolish at all, vice versa, it is much better to invest in btc than in any other coin because it is powerful having good potential. you should learn more about it
Experienced investors are not ready to invest in the cryptocurrency market, because they understand the existing risks. |
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I was reading godlikeproductions in 2011 and there a man from UK posted a thread saying he is selling his house and buying £450,000 worth of bitcoins After 6 months to 18 months, he posted there, he has earned some $20,000,000 from Bitcoins.  I can say more, there are people who did not sell houses and received big profits, so it's not surprising. Now let this person provide proof of his income for cash withdrawal.  When they will be on the account in the bank of $ 20,000,000 then it will be the billionaire.  |
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