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I do not wanna sound mr.Knowitall but I think that the reason for this is that china is afraid that people might completely go into full crypto and forget the main investments that the government can make money from due to taxes. Which is why I think they are using this as an alibi to get the attention of chinese people away from cryptos. That is just my speculation.
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Low price of Bitcoins will attract new people to join the rally, now that a lot more people can afford to buy a ''Full Bitcoin''
By the time this was posted, it really is true although in the later time it became less and less doable. But if you look at the circumstances today or the things that are happening to bitcoins then you would see that the case is really applicable today. I believe that a lot will be taking advantage of this and will truly gamble. That is why I think that bitcoins can never fall to zero. |
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The price of bitcoin is rapidly going down because of people panicking over their investments. I believe that they are afraid that they might lose their funds so they take out their investments before the price drops. But even with the fact, I believe that this is not a big problem because there are people who still know better plus all the whales that has plans and won't let bitcoins fall too low that it may cease to exist.
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A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation. The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering. Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy Well, it is a big gamble in my eyes but still, it is a good one. I think that if this village succeeds at what they are aiming for, then the village along with all the people that live within it will truly prosper. This is a good news for us crypto enthusiasts because their success will also be our success because it will show the world how useful cryptos really are. |
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I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?
Yes and no. I mean, yes It can be hacked but not in the sense that it can be accessed by brute force and breaching its security all in all. You can only get hacked in ways of phishing or by trusting someone whom you never should've trusted. In my understanding, this is the only way to hack your wallets: by hackers getting access to your private keys(regardless of the way they do it). |
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In my opinion-If anyone chose a full-time cryptocurrency job, he will get more profit than an ordinary job. You have a good future and in short period of time you will earn profit and savings in cryptocurrency. But It's much better if you can do both.
While I can see your point and can pretty much agree with how you support it, I must say that even with the fact that cryptos can really bring fortune to anyone who does it right, I still think or prefer for people to never let go of their day jobs just to be sure because we can never know when we need money and when the market is high or low. Just saying. |
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If we have less new investors, so the prices tend to fluctuate less? How much dependent of new investors the prices are ?
Can be true but, cannot say for sure because I am not an expert about these things. But in my understanding, if a few people buy into a crypto, its price never moves that much because demand does not increase or decrease that much. Hence, I think that cryptos are very dependent to its investors, users and holders. |
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The Future will be great and we might live in a world where everything will be Crypto. We are going to be our own bank, and manege our finance ourselves, without a bank account
i Truly Believe bank will disappear completely because they do not act in the interest of people . they created money out of thin air and enslave people with debt, and credit.
The fiat system will no longer exist with the system base on debt, developed countries are technically in bankruptcy a nation cannot be sustainable with a system base on debt.
The crypto revolution is something that will be an astonishing accomplishment and replace the power of printing money from central power. this new generation will not use fiat money anymore and will have tokens in many wallets from the decentralized world
the world will not be the same anymore and everyone on the planet will have the same opportunity to participate in the global Economy.
I get your point and I must say, it is really a big possibility if we look at big and small countries as of today. Although I do not think that this will be happening the next year or in 5-10 years, I am pretty sure that it will really happen. I just hope I am still breathing when that time comes.  |
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I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
As an emergency fund must be kept in the bank, because it is a fund for sudden needs. And I think allocating emergency funds for futures investments is not good, because it will make it difficult for you to take funds when you need them right away. Indeed, I too think that emergency funds should be accessible anytime we need it because emergencies are not called emergencies if we expect when they would happen - they are emergencies because they are unpredictable in anyway. This is why we need to have access to these funds when emergencies come. |
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Last year was one of my best trading years in Bitcoin and it was not because of the huge spike in the price towards the end of the year. The price was steadily going upwards in small increments and I could buy low and sell high, almost on a weekly basis. Then something happened and the price went crazy and reached a ATH of +/- $19000. I enjoyed the steady growth, because I could make small weekly profits. Now everything is upside down and with the same strategy I would be losing money on a weekly basis.  I was wondering what price movement would suit your investment strategy in Bitcoin the best? I understand the economy and that something that was inflated like that, would have to go through a correction phase, but when will things go back to normal, so that we can start making small profits again? To be honest, I personally cannot say as to which I really want because even if I would choose, I wouldn't have the power to know when the prices would increase or not. So I think it is more better that all of it really happens because this makes cryptos more exciting for me and for most of the people. |
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I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
You damn right I am. These people who post sht about banks being gone for good and being replaced by crypto are either dumb or just trolling. It is pretty obvious that we still cannot survive without the banks. Yes, the banks have shitty terms and conditions but they work and we need them. Although cryptos are good, there is not a single crypto yet that is good enough to even be compared to the banks, or become a national currency of a country. Let alone be a worldwide currency. |
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Like the title says, i almost lost my regular job as a software developer today when my boss reviewed my work. The job has been able to economically provide a comfortable life for me and losing it would really be a big hit to my income. I almost lost it because i spent so much time learning about everything crypto (mining, trading, bounties, etc.).
Has anyone else experienced this? I just feel pretty lucky I was given another chance and want to remind other people that having a regular job is much better than relying on the volatility of cryptocurrencies. Make sure you prioritize your work!
You are very lucky to not lose your job over crypto, I hope a lot learns from your post because this is very important to take in to consideration when trying to earn in crypto. Crypto today is still unclear, so never exchange your day jobs with it. It is okay to have interest in crypto because it has great potential but set a limit for it and always make your day jobs the top priority in your lists. |
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If an entity is large and powerful enough, is it possible for it to gain a monopoly advantage and manipulate the rises and falls of the virtual currency market?
While I do not think that a person is rich enough or has enough assets to control the price when it comes to bitcoins, I think that it is still possible if a group of elite people agreed on doing such a scheme. Specially on coins that have such a small market capitalization and volume. Besides, we all know that almost everything is possible when you have a lot of money, what difference does it make in this industry? |
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Becuase they can afford to have bitcoin adapt bitcoin and use it becuase they economy is growing and can compete even to other countrues as well, they're able to make their socio-economic participate in tho this kind of technology, they have lots of money and connection too, unlike those who are struggling country who hardly bare to gain enough money even for their internet connection.
Yup, this is most probably the reason why other countries that are left behind are the ones that are less advanced in economic traits. Just look at south korea and japan, they are more advanced when it comes to technology and innovation. This makes the people in these countries used to new things which is why they can adapt easier and can understand the concept of cryptos easier. This is not the case on economically behind countries. |
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A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
Yes, I have also observed this. In fact, I do believe that there really is a big possibility that the governments and the banks in various countries may just go and make their own version of digital currencies that are somewhat same with the current crypto currencies that are present in this industry today. This is to enjoy the innovation that the cryptos bring without the uncertainties and to divert the people's attention from cryptos to digital money by fooling them that the two are the same. |
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Umm,.. Nope, definitely not. Yes, bitcoins and other main alternate coins out there are a great investment if investors want to be sure and do not like the hassle of researching about various alternate coins and the developing teams behind them. But for me and for the others that don't mind the hassle? We prefer altcoins because they give greater potential specially for small investors to get more profits. I think a better thing to do would be to divide profits and spend half for main coins investments and the other half for the not well known coins that have great potential. |
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To put it simple, people who do not want to pay taxes do not deserve to be in a community. This is because they are selfish and only care about themselves. They only want to enjoy the benefits of being able to use the things that are the result of the taxes of others for free. Clearly, paying taxes is every person's duty in his community, it is his obligation. If he doesn't want to pay taxes then he better get himself out of a community and go into the jungle and live alone.
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An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.
Indeed it is. I believe that in every asset, businesses, investments and other things related to anything that is of value, relies on what the economy is in every country or all throughout the world. Every person is important just as how important services and merchandises are. Hence, none of the two should be taken for granted. |
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