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Bitcoin is already present all around the world, the only thing is that in some places it has arrived sooner and somwhere later. That also depends on availability on the technologies and internet and how good or bad people are informed and educated.
But this is great news for Thai people and I hope Bitcoin will open new opportunities for them and help them to live better.
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My suggestion is localbitcoins, have only good experiences. If you find some trader there from your area the transactions could realy be fast and easy and you can choose the payment method. No third party, no high fees. You can also choose some exchanger but there are not much of them left who could be trusted completely for smooth deal.
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Maybe it was a big dump but it was also the big jump back. And very fast too. This was ideal situation for traders to make very nice profit in relatively short term.
And funny, a lot of panic selling happened, even in such short change.
We would probably experience more such price scenarios before the next fork and the upcoming period could be very vivid so take your chances for profit.
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To my opinion you have sold at too low price. I don't know why you have been in such hurry, whether you needed money or just gor the urge for panic selling but this is too large amount of Bitcoins to give it up just like that and you could have so much more. If you can afford buy some coins now because the price will go up strongly after the next fork.
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In this case that happened few days ago I wouldn't say there is any particular reason. No some big influence on the market like recent happenings in China, just normal correction/volatility process probably caused only by supply and demand ratio.
It's not necessary always to make deep analysis about price movement, there are not always hidden messages.
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Having in mind how we today depend on internet and new technologies the end of internet would not mean just end of Bitcoin but the end of the world. And to my opinion this might happen only with some heavy catastrophe or new world war. But every technology developes and adjusts and so it's the case of Bitcoins. And nothing can't just vanish and disappear over night without some very good reason. So, relax.
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I just hope that no one will start another panic thread with warnings about Bitcoin price going down and losing money.
Users just have to accept that volatility is normal part of Bitcoin and that price is changing all the time, sometimes goes up and sometimes down, but never just in one direction all the time. So Bitcoin will"survive" current corrections. Before you do something stupid, inform and educate yourself.
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Some has predicted that price could go down before the next fork in November which is very likely. It looks like this is already happening and the price could dump below 5000$ but it's not necessary and doesn't have to show the trend. Anyway, there is no room for panic, just have to accept this correction as a part of usual process.
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Bitcoin is not a skill which requires a set of course about what is bitcoin and how to get it. I personally think that there are lot of information provided in the internet such as blog, article, and website. Also, you can ask your friends in related bitcointalk. So, taking course will only spend your money up.
Maybe the course is not required but it's something that would be nice to have. In form of some webinar also. I beleive that many users, especialy without experience would be interested. Quality course would be a good basis. It's true that you can find many information online, especialy on blogs and forums but many informations are also not true or misleading and some new user can't recgonize that. |
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I use it as additional wallet because I have Xapo debit card so there I store Bitcoins I have the intention to spend. I use it for about two years now and have no remarks on the services or security. Also with the card I never had any issues. And if you transfer the coins to some else Xapo wallet there is no fee and for some time now they also have the feature that you can control the fees you use for external transactions. But to use it as a main wallet it might be a bit expensive.
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Maybe I'm wrong but I have the feeling that with Bitcoin price growth we have got a lot of new users who are not honesty and passionate interested in Bitcoin but only in fast, instant profit and if they don't get it they got disappointed and give up. Some of them don't even bother to get some basic knowledge about Bitcoin and cryptocurrencies in general. That is also the reason why we see so much panic selling when the price dumps. Is that only my feeling or do you think that also?
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Since banks profit from fees and blockchain will kill fees, my guess is banks will be negatively impacted.
Some banks are already stepping into the blockchain world.
But blockchain will not bring back the profits as otherwise.
Any thoughts?
Apologies if this is not the right place to discuss.
Thanks in advance.
bitcoin is the most profitable in the crypto currency of course many banks will try to invest in it, but there is still a risk, banks is centralized and known by almost all of the people while bitcoin is decentralized not known of all people. Banks can not invest in cryptocurrencies. The owner of the Bank can issue loans to controlled companies or individuals and only then invest the money in cryptocurrencies. It's a risky move. If something happens to bitcoin then the Bank can go broke. But to double the Bank's capital in one month is very tempting. I think there are such cases. I don't agree, banks can invest in cryptocurrencies the question is if they want to do that. And I think they do, in fact some of them have already started. But that doesn't mean they have to issue loans in Bitcoin or offer other services connected to Bitcoin or other cryptocurrencies but they will do that for their own profit. But it's also necessary to divide use of blockchain technology and use of cryptocurrencies. |
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With Bitcoins is very much similar like with everything else. As long as they are worthless or anonimous no one really cares. With the moment they become popular and with high value everybody is interesting.
Remember that few not so long time ago only few pioneers belived in Bitcoin and dealt with it. Today situation is completely different and all want to part of Bitcoin world.
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Everyone who is involved with Bitcoins long enough has experienced some kind of loss and things like this happen but the issue is how you deal with this, how you compensate the loss and what have you learned from that in terms of future decisions.
Personaly I never had huge losses but I have experienced price drop many times and now I now that volatility is inevitable process.
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You are right, the price could drop below 5000$ and this might happen soon after the fork. But the truth is also that this dump will not last for long and soon after that the price will start to rise again and could jump way above 5000$ or 6000$.
You didn't do anything wrong by selling your Bitcoins I just hope you have made your calculations wisely and that you have the plan how to get more Bitcoins because you could profit even more.
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Yes Bitcoin Gold. is another hard fork that will bring some changes to the ecosystem.
If you’re a holder, there isn’t that much to fear here, and there may be some free money in it for you
Exactly, this is only thing that Bitcoin gold will represent, extra free money. To my opinion in cryptocurrencies system if will not have any significant influence or value, especialy not on long term, just like Bitcoin cash. So, there is nothing to fear about and it will not represent any competition for Bitcoin just pay attention where you store your coins. |
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Bitcoin is not anonymous, you can use bitcoin mixers and that can help you with privacy. Monero have much better protection and anonymity, but it's not 100% private as I know. How much privacy do we need, well I don't think that we need privacy if governments let us to be free and experiment with out bodies and minds, if you wish to use drugs use it, pay legally and enjoy, why do you need to hide when you pay for sex? Or you wish to hide that you are buying women clothes?
I would like to give my support for transparent bitcoins, we will know where the money from tax is going, who is paid and how much for work in government sector. Social justice can be better if we know where the money is going. Bitcoin can help us in that.
My thoughts exactly. I agree that Bitcoin has lost a great deal of privacy and law enforcement and tax authorities have much better insite into Bitcoin transactions than they had before. Because of lower amount of privacy some users have abandoned Bitcoin and embraced Monero especialy on dark markets. But not all users everywhere in the world have the same experience of privacy. In Europe privacy is very important and it's much appreciated but in US the situation is different. For me privacy is important and I don't want to reveal everything but on the other hand I'm ready to give up some part of anonimity for some greater goal, like anti terorrist fighting or something similar. |
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This is nothing new. Actualy I would say that Bitcoin was used in criminal activities from the begininig because of the anonimity. Recently I think that is used less because there are some tools available to track transactions and even identify the users that wasn't able before.Just because that reason Bitcoin is beeing replaced by Monero in dark markets.
Anyway, using Bitcoin for illegal activities gave him the bad reputation as a money for criminal activities which is absolutely not true.
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No, I don't expect crash. Under term crash I see major price dump and this is not what I expect. Some price dump could happen after the fork but I would call that correction because I don't expect to be big or to last very long. At this period the Bitcoin could climb up to 6500$ or 7000$ and then correct a bit which could once again cause the panic selling that we have witnesses many times so far. But by the end of the year if the dump after fork happened we will be on the way up again.
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To my opinion in the upcoming period the price will continue to rise and before fork we could reach even 6500$ to 7000$. After the fork a.minor dump is possible and very likely and the price could bounce back to 5000$ but I don't think this will last for long, maybe a week or two and then the price will start to pump again. But surprises are always possible, so we mustn't exclude that too.
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