The blows against futures and ETFs have been present for the last couple of months, and amazingly, bitcoin and the economy kept a sturdy stance against it. Right now, the Bakkt Futures might not be accepted by the SEC, and knowing how the market reacts to such news, this will just be another short-term blow without any severe damage for the cryptocurrency market. It will bleed, yes, but not profusely.
https://coinidol.com/us-sec-demands-further-comments-on-cboe-verdict-on-bitcoin-etf/Price drops after this verdict or some other reasons, can't be said with full surety. The price rise is not really expected in near future. But you never know, for the crypto market is very volatile. And such kind of fuds have a strong bearing on this market, so cannot predict anything. |
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"Be the change that you want to see in the world" -Mahatama Gandhi The above quote by Mahatama Gandhi is very true. If we really want others to change their opinions about bitcoin, then first we ourselves need to change. And once we change then the difference will surely reflect in the surroundings. Actually we talk more and do less. We write what we feel here on this bitcointalk forum, but we do not make efforts on concrete terms. In order to influence others we have to have a firm belief in the market always! |
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Current market graphs for the bitcoin reveal this thing only what OP has to say. But that doesn't mean that we shouls simply jump t the conclusion that bitcoin is going to stabilize only at this price and won't be rising any further or dipping any low.
Anyways the market conditions aren't much favourable right now and investors are quite a bit worried. But the perfect strategy for the market survival right now is to HODL, stay calm n composed. Long term prospects in the crypto currency market do look bright and we are hoping for some potential gains in the coming years of bitcoin.
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Why are banks, governments attacking the bitcoin and the crypto currency market is the most debatable topic that we have today. All people have got their point of views and no side is reaady to accept the defeat. These countervailing arguments upheld by the opposing parties sometimes confuse me as to who is right and who is wrong. But all I know is bitcoin has helped me a lot to come out of my financial troubles and I really do feel it is one of the best inventions for the betterment of mankind. So I just now keep away from all these debates and focus on my holdings and diversifying my investment portfolio.
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It is very important to develop a healthy habit of savings so that you do not have to repent in future. You need to take out certain proportionate amount of savings for a secure and better future. The one who has cultivated a good habit of savings always have a privilege over the one who has not. SO what to do with your savings s to invest it into some profitable option so that it does not lie idle in your bank accounts. There are a hell lot of investment options available. All you need to do is a good research work and choose the best for you.
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You're stating the obvious here, and there's no point even discussing this.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
Exactly!! Anything and everything is prone to the danger of theft or misplacement. So crypto is no exception. And fiat is not secure absolutely, everyone knows of that. In fact crypto is safer than fiat, everyone knows, and it is a basic argument one may keep to defend the crypto. Anyhow there is no point in discussing this lame topic! |
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This is not new. In fact it is for every kind of investment and trading market to experience such kind of shocks and then come out of it. Then I don't think there is any need for panic, because crypto currency market is no exception.
Anyways as of now the market is not stabilizing and its been quite a long time now. And the technical analysis by some of the scholars also reveal that the market is not going to stabilize any soon.
So this is the time to wait HODL and gamble for the long run!
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Well, this is possible to happen because most of the nations are now creating and improving their regulations policies to ensure that Bitcoin currency will not be use in illegal activities which is really very effective. KYC alone although a difficult task but its proven effective in which people background can now be identified. I believed this is the reason too on why the demand of Bitcoin and the crypro currency is reducing because some of it are formerly owns by the illegal people. KYC norms however strictly implemented cannot eliminate the dark use of bitcoin absolutely from the scene. Criminals everywhere may find a way out to give fuel to their selfish motives. In fact, criminals lately have been using the crypto market in abundance of their transactions because no responsibility can be fixed here and it is easy to escape from the responsibilities. Well as the facts n figures suggest that the use of the bitcoin on this side has considerably declined, then it is surely a positive kick start to a better crypto world. Let's just hope the situations stay well in control! |
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Tax evasion is a serious issue that hampers the economic development of a nation. So the authorities look out for all the possible methods to find and punish the culprits. I really don't understand why most countries jump on the taxes bandwagon when they don't even recognise cryptocurrencies in general. Is it about wanting a slice of that cake, or are they just doing their best to strangle their citizens even more?
Governments will take taxes no matter of what because we literally are working as slaves for our governments because we need to work hard and pay our taxes of we made any income but our governments won't take any initiative to increase employment opportunities such a very good political system.  But we are liable to pay taxes if any income we made because all governments have income tax policies if the crypto currency made legal they will ask for more taxes. Exactly, if you're earning then you have to pay taxes, if the income earned falls within the capacity of the law of the land. But what if your government don't support the crypto market and regulate it with the strictier implications. Then obviously nobody would want to pay taxes on the same. So it is surely a two-way mechanism and needs the participation of the authorities as well on friendly terms!! |
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Yep very true. Bitcoin adoption will lead to a better life in future. But the hurdles underlying for this reality to become true are many and the virtual currency becoming the future seems to be quite far!! If bitcoin becomes the global currency it will bring on some revolutions and lead to development of a better global economy.
Anyhow we can just hope for better times in future and looking at the forthcoming efforts by various countries and giant multinationals like google, my hope remains intact!!
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Guys I will just sum up my experience here in the market in just two lines as below:
In Investing, always remember that Rome was not built in a day
&& In Trading, always remember that Hiroshima and Nagasaki were destroyed in a day.
So whenever the prices of the bitcoin and other crypto coins drop, instead of creating panic, you should maintain your calm and act wisely!
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Many people have resented to the payment of taxes on the bitcoin income. And they are also right in doing so. They have their own reasons to support their points. And the governing authorities have their own reasons to support their claims of taxation.
But there is one thing for sure you cannot force anything upon free citizens. Any way or other they will find the ways out to evade the taxation regime and will escape from the same.
P.S.: Nothing in the bitcoin market is stabilized aas yet, so it is difficult to say anything with surety!
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True story, these words have literally no meaning when it comes to crypto. The best time to buy is the time when you have enough spare capital to invest, and are confident that you have made the right choice. If you don't have either of these, simply don't invest yet, as you're not going to become super rich either way anymore.
I do not agree with you that you can invest when you have enough. But needless to say, there is also a requirement to watch out for the perfect market conditions when you expect some good returns from the market. You cannot simply ignore the market conditions and invest you money as and when you desire or when you have plenty of funds. You have to look for a number of factors that ultimately have a bearing on the market. And you can only be confident to invest in the market when you have an equal faith in the market. SO obviously bearish market conditions have a positive bearing on the minds of investors. |
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Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
It really seems a vague issue. For bitcoin cannot become a global currency unless there is universal acceptance for it. As of now, of we go by the current status of the bitcoin, we find that bitcoin is more of a source of investment and an asset for the people instead of being used as a medium of exchange or better say currency. Anyhow if bitcoin is universally adopted for the furtherance of the global economy then it will modernize the way things are done and will imbibe many positive changes that are required as of now. It is a decentralized mechanism, so there is more transparency and autonomous operations that will make transactions work in a better manner. |
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Getting married at a younger age, when you are not ready for the same is not acceptable. Being ready for the marriage means being prepared for the same both physically and mentally. One should be well settled so that they can together bear the expenses of the new life they are going to start. So obviously if you're not earning good enough to suffice your minimum basic needs then you tend to burden up yourselves with more financial responsibilities and thus leading you into vicious circle of poverty. It definitely has a bearing on the economic development of the nation. That is why there is a set legal age for marriage and it makes sense only when you go by the rules and common sense both.
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Crypto is one of most useful innovation to the mankind, I believe. Needless to mention, Bitcoin is the hero of this revolutionary virtual world and has helped us a lot to learn and earn most of all!
Crypto innovation has been a revolutionary one and has changed the way things work these days. It is definetely going to modernize many more traditional methods of doing things. Let us just hope for better times ahead!!
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Everyone is well aware of the fact that the virtual currency market is highly affected by the events happening around in the crypto market. So it is surely possible as you say, for a monopoly or an influential group of persons. All what is happening around the market has a direct or indiirect influence on the market prices. So it is quite possible to manipulate the market. But there is one thing to be noted in this context that you cannot manipulate the market exactly in the manner you want, it may also backfire, that is to say, something that you never expected may happen!
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More and more countries are on the verge of accepting crypto currencies with open arms. And Russia is no exception. But according to what I've gathered from recent posts and articles that I read lately, I have found that bitcoin and other crypto currencies. More than 50 percent people have not even heard of this market and aren't really aware of bitcoin. Read more about this survey @ https://cointelegraph.com/news/44-percent-of-russians-have-heard-of-cryptocurrency-new-survey-revealsAlso if there are certain steps taken on by the authorities to adopt crypto currency and make more friendly regulations for the operation of the crypto market, then it is a good start up move. |
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I think this is the right time for getting a good profit in the future. I want to give to advise that it is a chance for the investor, now buy bitcoin and hold for some time and you know what to do you can sale your bitcoin when the price is high.
Of course, this is what all the smart investors are doing now. At this point of time, it is always advisable that instead of creating panic in the market and depressing the situations prevailing in the market, make way for a long term investment holding so that you can be assured of long term benefits. There is no doubt in the fact that the long term investing gives more return. Eventually the market conditions start to improve and thus there is a chance that you will get a fairly reasonable return. |
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I do agree with whatever the OP says!!
It is absolutely correct that the bitcoin is the revolutionary king of the crypto market and that is because of its popularity among the community and that is because of the reason how lucrative an investment it is!
Well the question of bitcoin becoming outdated is insane because it is much in trend now and is literally the virtual king of the crypto currency!!
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