Bearish market entry are for risktakers, accumulating coins while on bottom of the bear market is actually profitable if things will go to plan accordingly and bitcoin will do the same pattern as it do almost every year it woulld be profitable huge profit
Contrarian investment will always do that. Those contrarian investors will learn about the investment first if they think that the fundamental factor of the investment is good then they will still buy. But I an not like that people, I should read more books and articles to gain more knowledge and information. Buy coin when the trend is down is a big risk. |
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If bitcoin mostly used as currency then the price will be more stable. But since the price will tend to rise then you can't force people to hoard it or trading it. It is simple demand and supply rule that applying on bitcoin now. Since the liquidity of bitcoin is still low then the price fluctuations is unavoidable, this condition attracts people to do trading. Traders look into profit from bitcoin by take advantages of bitcoin volatility. Nothing to do with it. But atleast bitcoin is also used as medium of exchange in some online business. so I think it is still okay.
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Why is the world economy is sliding down, a bit reminder to 2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??
Actually it's because human always destroy this planet little by little. And the biggest factor is bank's lending money system. This system makes our economy crash. Bitcoin can help it by secure it's users from inflation. Bitcoin characteristics is almost the same as gold the difference is gold is physical and bitcoin is digital. But I am not sure that bitcoin can give any significant impact at this phase. |
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Bitcoin (BTC) has undergone various changes and with a number of circumstances that continue to make Bitcoin discussed in many forums and communities.
Bitcoin is the forerunner of existing crypto currencies, and now the crypto currency continues to grow rapidly in various countries in the world, therefore I am sure that Bitcoin (BTC) will continue to improve in the future.
I am sure that it will happen, because more and more people realize that use bitcoin is more profitable than use fiat money. The deflation of bitcoin makes the holders become richer while the inflation of fiat money makes people who only have fixed income become poorer. bitcoin will be the main choice for online transaction. |
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Do you think Bitcoin still on the rise in terms of market capitalization ?
Although market capaital was decreased a few months ago but this is the part of bitcoin volatility. Bitcoin still has many advantage that makes people interested to use it. For an investment or medium of exchange. People use it for many reasons. Now, the market capaital of bitcoin is start to growing again. Yes it still rising. |
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There are a lot of small shops which accept crypto payments around the world. However, in my opinion, what will really push the cryptocurrencies forward is the adoption of Bitcoin by some big player in the trading industry, such as Amazon.
What do you think, will Amazon start to accept Bitcoin as a payment method if its price rises to new-record values again (like in 2017)? Could it be that they are not adopting it because they treat crypto as a hostile technology for their business? Or they just don't take Bitcoin seriously, like thinking it will despair in the near future?
When that happens then bitcoin will be more considered as an asset. Amazon don't accept bitcoin because the unstable price of it. It will be dangerous for amazon if accept bitcoin when bitcoin price skyrocketing because the price of bitcoin will be fall after that. So the problem solver for this is by using vendor service. Then bitcoin users can use their bitcoin to buy goods at amazon amd amazon still get income in fiat. |
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As indicated by the report of Goldman Sachs, Bitcoin and other digital forms of money can be a decent option in contrast to the national cash for nations with an unsteady economy.
Experts at Goldman Sachs Zack Pandle and Charles Himmelberg said that advanced monetary standards and, specifically, Bitcoin, can turn into a reasonable methods for installment in nations where conventional cash isn't adequately given.
Until now I only see positive thing in bitcoin usage. Bad news that spread are mostly about crime that done by some people. Maybe that experts at goldman sachs is right, also I think nations with unsteady economy need bitcoin because it can help their citizens to become wealthier so it economy can be stronger. |
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Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?
Will this remove their control or would it be just another payment option, like PayPal?
Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?
Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?
Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >
Let's discuss this please.
For now bitcoin can't make any impact for country economy directly but it only improve individual financial condition so it can only indirectly and slightly increase country economy. Bitcoin can give bigger impact if there are many people who use it in a country such as china. There are so many bitcoin holder in china and it seems that the government try to reduce the usage of cryptocurrency in china by create some bad regulations for cryptocurrency, the government afraid that the wealth will move outside of china because bitcoin transactions has no restrictions, it can be send to anywhere. |
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In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
That maybe happen, when people start to think that fiat money system is inappropriate for thr world economy then maybe government will support cryptocurrency more. But government will still more focus on hoarding gold. Gold is special because since long time ago the price still rice and there is no inflation on it. |
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As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?
As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
Theoretically, investors is needed to increase GDP. The industries are looking for investors to invest so the industries will have more money to produce more product but the problem is government sometimes print money regardless the amount of gold that the country has then it create inflation. The inflation is good for the industries because their products price will rice but it's really bad for people who have fixed income because the value of money that they have is decrease. I think this is unfair, rich people will become richer and poor people will become poorer. I think bitcoin also can increase GDP as long as it managed in the right way, right method and right person. If we use bitcoin, there will be no inflation that makes poor people become poorer. |
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Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?
It's not that surprising, actually it isn't a bad thing. The extreme fluctuations price of bitcoin is ine of factors that makes many investors start to trading bitcoin because it provide bigger chance to gain profit in the short time. Most of bitcoin holders also bitcoin traders, so most of traders will sell their bitcoin when the price go down. Panic selling is frequently happen, but we must agree that bitcoin still profitable as an investment. |
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I've been reading this badly comparisation with Bitcoin and all other payment methods. (Visa, Mastercard, Apple Pay, Alipay...) Bitcoin has created 10 years ago. There is no regulations about it. It is all new area. Decentralized, it can't control from anyone. So we haven't met like this one before. Visa, Mastercard, FIAT, Apple Pay, Samsung Pay, Alipay... They have advantages. Firstly all of them has a regulations about payment, store and banking... Also they've controlled from someones. People thinks if anything will be happen, they will go ask from them. Also, they have a legal protection. They can sue against it. But we are learning about yet. We still don't know if we have legal protection or not. Actually, we are just experiencing yet. So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing. For example Visa (mostly compared with Bitcoin) was established in late 1958. And it started their international size of work in 1974! [Bitcoin has made it in a few years]. You can read all history of Visa here: https://usa.visa.com/about-visa/our_business/history-of-visa.htmlI will keep comparing bitcoin with other payment method no matter what. Visa , MasterCard, samsungpay and alypay still charge too high cost for their services, I prefer like to use btc or usdt or other altcoin to send money outside of my country as long as the person who receive it is agree with that. I think cryptocurrency transactions is safe enough, I did many transactions with many people outside of my country without any problem so why I have to use visa, MasterCard, samsung pay and alypay if I can send money with less cost when using cryptocurrency. |
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Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
There is still very big chance that government will support bitcoin, we can see it if we looks how government try make regulations about bitcoin usage. But government won't supports bitcoin more than it's national currency. Currency is important part in country's economy so actually government always tries to make it's national currency stronger, since all of countries do the same thing then it isn't easy job for government. |
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Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?
Hyperinflation is the biggest factors that makes currency become worthless. In this case bitcoin is safe because the limitation amount of bitcoin make it tend to deflation. Although deflation of national currency is not always good for economy but since bitcoin is only an alternative currency then it's deflation even give good effects for it's holders. I think bitcoin will not be worthless because currency competition and political issue aren't directly influence bitcoin price. |
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We are working on Golden Currency project ( https://goldencurrency.money ), where we issue money that is available both in crypto and in cash form. We find the possibility to use crypto money in cash form as one of advantages. We expect that almost everybody anyway uses cash and in such a case the lack of such opportunity limits the potential use of currency. That's why we started the poll to prove it. Would be glad for your votes and comments regarding your view on such an option. I usually still use cash to buy food from restaurants, yes mostly only for buy food. I bought many books at online shop and I pay it by bank transfer so I usually do both, online transaction and offline transaction. The possibility to use crypto money in cash form is not so practical, I prefer like to use cryptocurrency directly. I hope that there are more restaurants that accept bitcoin in the future. |
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I think only a small number of investors are called whales capable of controlling the Cryptocurrency market. Large exchanges are also organizations that can control the market based on cooperation between them to create trends to make profits from traders participating in the margin. Some information suggests that some governments are trying to hoard Bitcoin to affect the market.
That's not the only one factor that create cryptocurrency market trend. The market is influenced by two basic factors which are market sentiments (all stakeholders) and individual sentiment . As long as I know individual sentiment only have small power to affect the market which mean the effect that can be made is not for long term but the problem here is people are too afraid when there is big change in the market so people do panic selling or panic buying. That's how individual sentiment can influence market sentiments. |
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some of us are bankrup and backout and doughful to invest our money in the market. because we experience to failled all our money from investing in this kinds of marketplace.
How can we solve it? and what is the good advice that you can help in this problem.
The safest investment in here is just bitcoin even it still risky, I do not suggest you to do trading because it seems that you still newbie. Although if you are a trader who come from stocks market but this market is still very different. The problem is the most of us are trader which mean most of us always creates many fluctuations in buy and sell order in the exchange which make extreme fluctuations price. However I am not suggest people to stop trading, they only need to understand that if they decide to do trading then they should ready to face extreme fluctuations price that make it difficult to analyze where the price will move in the future. |
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Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
It's depend on many things such as infrastructures, government policy, geography of the country, even demographic condition is matter. The adoption will be easier to start if the country has good infrastructures to support the use of bitcoin, even it's not will be happen without permit from the government, country like Africa is good for bitcoin because it's geographical condition made it difficult to build many bank building so it is good for them to use bitcoin, most of bitcoin will be used by young people if the country has so many young people then the adoption will be faster rather than country which has a little amount of young people. |
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What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
I small business want to sell something for cryptocurrency then it will be better for them if they use vendor service because safe profit in bitcoin is not good for small business. Small business always needs to use their profit to expand their business in near time so save their profit in form of cryptocurrency is risky. They still need fiat to buy supply items from their supplier so by using vendor service then they still can accept bitcoin but at the end they actually still earn fiat money to run their business. |
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I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.
Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.
Example:
Profit for gold and silver for year 2016 is 12%.
Profit for gold and silver for year 2017 is 0%
Profit for gold and silver for year 2018 is 8%
Profit for gold and silver for year 2019 is 16%
So average profit for 4 years is +9%
How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??
Banks only reset interest rate in order to control inflation in the country, so if there are too much money that circulating in the country then government ask banks to increase interest rate so people will save their money in banks. Gold and silver price actually tend to move inline with commodities price, I suggest you to invest in gold or silver in long term only because usually investors only can get profit from this type of investment within 2 years or more. |
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