Well I'm not sure if some of rich people do invest here in bitcoin cryptocurrency they make their owned business as well to make more money, perhaps peoples do invest here in cryptocurrency that was hiding their money to the government because we quietly store our money bitcoin from wallet with out any evaluation of money.
It ain't necessary for them to create their own business as well in btc for them to invest to it. Having a mining farm of their own is enough rather than creating their own business. I am sure that those rich bastards somehow invested on btc in secret and most of them are part of the so called whales who owns large amounts of btc. They don't necessarily hide their money with the government but rather they just do it in order to gain more. |
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Hello blockeye I have ranked up from member to full member. Please update my rank on signature campaign spreadsheet.
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what are the social and economic impacts cryptocurrencies have ?
One economic impact it can give is by easing online transactions. It somehow also can help improve the income of the citizens, making government have more source of tax. In terms of social, more people will learn to transact online. and how will this affect third world and poor countries because of their limited access to internet and modern technology?
It won't really affect them greatly. The only major effect is that they will get left behind if most part of the world legalized bitcoin and they cannot enjoy the full benefits of bitcoin ad well as well as crypto. |
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I can feel most of the sentiments here, high taxes, broken promises, the rich becoming richer and the poor become poorer. But I myself is not anti-government, I love my current government it that the mode of living of the common people has not somewhat improved. And I'm lucky that we have a government that's pro-bitcoin so that already a plus for us bitcoiners. If other government would just accept bitcoin and legalized it then we are really going to see bright future for most of the bitcoin enthusiast, however, there are nations who don't understand bitcoin, that's why they hate their government.
I too am not an anti government but rather I would say I use bitcoin because of decentralization and for the convenience of sending money online. I like to use it because transactions can be done without no middle man and it is not controlled by an entity. Money is more secure in btc if you store it right. I don't hate any nation though for not understanding bitcoin. It is normal that some won't understand the benefits it bring. |
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Global credit card giant Visa has rolled out the first, pilot phase of its blockchain-based business-to-business payments service, B2B Connect.
First announced last year, Visa plans to use the platform to ease cross-border payments by facilitating direct payments between institutions, cutting out the middleman the industry currently relies on. The platform – developed with the assistance of blockchain startup Chain – is also designed to ensure secure, yet transparent payments between enterprises.
That is a good step coming from them. I am sure that he blockchain technology that is brought by satoshi to the world will be widely used not just on visa credit cards but also on many fields as well. With developments, I am sure blockchain tech would lead to a foundation of new convenient way to ensure transparency of government and related organization. Although that is the case, I think if this system became a reality and if there would be crypto version of fiat currency, bitcoin might not go mainstream but instead be used like precious metals. |
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From my point of view now people don’t need to hire or rent own office because they can open up his or her own office through a small room where they are living by using computers, mobile phone and any kinds of digital device . Through this office they can hire people and send them to their money by the help of virtual currency like bitcoin currency. Now job seeker don’t need to go for getting work they can contact through online and take the bills from online transaction which is so much faster than others transaction. even people can get other benefits from bitcoins .
I don't get why most of the population of the world doesn't use bitcoin and crypto though even if it brings good effects? Maybe they don't use it yet because they think that bitcoin is bad and cannot be used to buy in many merchants. It ease payments online just like what you said OP but that is not all. Bitcoin and crypto as well also helps storing money, just like how a bank would function without the need of third party. It also technically replaces credit card, it can be used to buy things online. |
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Hey guys,
I'm starting off with a relatively small budget, but I do want to invest in a few ICOs. However I have no idea what can be a potentially profitable amount, not necessarily short term, but in the long-ish run.
How much do you guys invest in an ICO that you believe in on average ?
In my case, I invest 10-50$ on ICO's that I believe are average. In fact I rarely invest on ICO's because I only invest on ones that I see potential for growth. If I am certain of an ICO's success and it's profitability, I invest more than 500$ or more depending on my budget for that month. For long term holding though I invest as much as 1400$ especially on ICO's like omisego and other top coins. Still, at least 10$ would be a profitable amount itself if one is in for long term. |
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Please vote the right one to help beginners.
My take here for short term is altcoins with potential for growth because it is more profitable but one needs to constantly change and update stash every now and then to not miss a good buying and selling price. For long term investment though, I would prefer bitcoin because it is the one requiring less effort for one to profit and is the less riskier one. All one needs to do is to look at btc price from time to time and wait for a good sell price. |
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I have invested heavily in BTG ? What is the future of it? Are miners able to mint money ?
Sell it as soon as you see price 10% higher than your entry price because I think it won't have a future ahead of it. Unlike BCH it's development is not well planned and it is a makeshift fork that didn't really contributed a good new feature to fork version. Still, it got potential to grow up more so hold it tight for now. It would be a waste to not get some profit from your money, it would be a waste to sell instantly. |
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Hey guys,
So now that all the forks, Bitcoin cash pumps etc are all out of the way Altcoins are now going back to orginal prices.
But there is one that I want to bring up.. WAVES. So I do support waves and do hold some myself but what I'm thinking is, is it going to rise higher than usual this month or next month?
My reason for the thought is because they are releasing Waves-NG this month, increasing its speed and whole design and layout of the GUI. Also they have combated the "counterfeit token" issues they use to have by only allowing you to search by name for verified tokens.
So what does everyone think maybe it could hit $7 - $9 a coin?
Probably it could hit 7$-9$ per coin maybe more. It is a good coin that is constantly being developed after all. After the implementation of WAVES-NG, it will be one of the fastest block chain ever seen. I believe that it could even surpass ether by 2018 depending on what will happen in the next few months. Also waves is slowly creeping up the ranks in coinmarketcap which is a good indication that it's market cap grows day by day, it also means that soon it will pump. |
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Friends, I am curious, now, when Bitcoin is down, does it mean that all altcoins will grow? On November, 12 we saw the greatest jump of Bitcoin Cash. Is there a possibility the same will happen with other alts?
There is a probability that it will happen with other alts but it is very unlikely. BCH unlike any other altcoins is a forked version of btc being manipulated at that time to the greatest extent in order for the ones behind the pump and blockchain network attack to gain a hefty sum of profit. It ain't a mere coincidence that bitcoin cash jumped a lot, it is planned. Since it is set upped, it is very unlikely for any other coins to go as bullish as BCH next time the same thing happens. |
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BCH just did try again, and I enjoyed watching a big dump at 1550 down to 1200 again.
Lots of people have money up there now & will dump to get their money back. It won't be that easy this time.
BCH will meet it's end now, it will not pump anymore for now at least. Jihan Wu and other manipulators have took their profit now, sell your BCH now or cry later so that you wont have to bag hold for a while. If one will ever quote this post saying that it aint the end of the bullish market of BCH this season why do you think it will continue? What solid facts can you give to convince me that bullish market of BCH will continue in the next few days? |
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Is it just timing, marketing or gimmicks as with doge?
They have something to do with the pump of a coin but it ain't the main factor all the time. As for others that have pumped recently like BCH, manipulation can be part of their recent rise and it's demand as well. Also, one must include the fact that some that did take off has been undervalued for a long time, and that pump will drive it to the real value that coin must have in the market. Still, those three that you have mentioned OP plays a big role in bullish market. |
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I bought bitcoin waiting for it to hit $10k by December as said, Any possibility of BTC reaching $10k? any expect you can help me out please. Thank you
There is a possibility of it reaching 10000$ even if the price now have gone down to 5903$ because of manipulation of BCH and spam attack on network. Anyhow, we should be able to see it by December or later, but the earilest point that we can see it is by Christmas Eve I think. Do not be afraid, just hold and do not invest on BCH hype if you still haven't you might end up as a bag holder of it if you buy it now, I think it is on it's way down. |
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So i am sitting here in front of my trading platform and wondering where the hell all this money is coming from which is floating into bch and btg. After reading some sources at different forums and pages i still cannot decide where i should put my money into... btc of course for long term yes, but for 72 hours? btc is in correction and unpredictable right now... bch is heavily oversold and just too much risk that it is crashing down to 400$ again in the near future. And btg? I dont really get the value of this coin, but with mainnet launch there could be some nice pumps soon. What do you think?
Put your money on btc, I think it is on it's way back to the former price of 7000$ above. BCH is a good choice too but not now, buy when it have gone down it's price is too high IMO. There could be major pump soon on BTG but the best bet right now is btc. It is too risky to put money on other forked versions of btc but both bch and btg right now are high risk high reward investments and if you want to take risk with them, go on. |
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BCH have made a crazy pump and I am sure those who invested in it or held it from the fork up to know was smiling with their pockets full of money. For sure bch will go down soon and it would be a good coin to invest into. I am sure they wont screw all coins, in fact they might cause uncertainties making people move to some altcoins for a little bit, boosting their prices a lot. I am certain that the next coming months will be the most profitable ones in crypto for this decade. |
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This is a very good analysis and just confirmed what I have in my head. I also subscribed to the idea that Bitcoin has to be resorting to corrections inorder to avoid that predicted big bubble...meaning what is happening now is really for the good of Bitcoin and its future. This is in fact the best time to buy already or maybe wait a little bit when the price can be hovering around $6,000-$6,100.
If this haven't happened I am sure we will be seeing a bloody market this Christmas or this new year because of bitcoin being overvalued for too long. For now it will build up momentum before rising back again and looking at the 6 month chart did it look like bitcoin was building up momentum every time it falls? Dips like this occurs every 1500$+ price increase of bitcoin from the last dip and looks like it is manipulated a little at times. Will this pattern continue? |
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There is also a chance that it might stabilize for today.
I doubt it. So far Jihan Wu and all those helping him manipulate btc price and bch's will not be satisfied until they made a hefty sum of gain already and for this reason I think they would continue for the rest of the day. Considering that they are the ones spamming the network now, price would go back up when the unconfirmed transactions lessen and goes back to normal. By that time probably bch would go down in price as well as they take their profit. |
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After the recent string of events involving the cancellation of SegWit2x and pumping of Bitcoin Cash (BCH) by miners, Roger Ver, South Korean exchanges and others, I have a feeling this is just noise to scare off short-term investors and for institutions to buy in at good prices. I am still confident that Bitcoin will hold strong as long as the core developers exist and SegWit2x is in the plans. We may even see the lightning network come to fruition sometime in 2018.
With the Bitcoin Gold (12th) and Bitcoin Cash (13th) forks coming in the next two days, I predict quite a bit of movement within the market capitalizations of all these coins & altcoins.
How low do you think the price of Bitcoin will drop before it goes back up again?
Probably bitcoin would at least get below 6200$ before it goes back up again. The only question is that when will it start going back up again? When will they stop manipulating bch and take profit? My prediction in this matter is that they will stop it within a week when they have gained a hefty sum of profit and start going back to btc or other alts again, causing price rise and actions on altcoins who are currently stable ATM. |
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I want to start out trading altcoins but don't know where to start. I don't have much money because I am a student.
Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
Should I spend $10 on each coin? $20?
Should I try a few ICOs?
Any help would be appreciated, thank you
You should spend it on coins with potential to grow. You should also consider diversifying that 200$ and do not put it all in one basket. You should try to invest long term rather than thinking of short term gain. You can also do short trades when market is active. It depends on you how you will diversify your investment, you can also invest on ICO's with potential like ditcoin if you want. Just always remember to sell when you have enough gain already, selling too late would mean profit loss. |
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