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At the moment I don't see that some altcoin has so large potential that it could overtake Bitcoin or even be some serious competition. The only one that has partialy taken the Bitcoin place on darknets is Monero because of the larger anonimity and no possibility to trace. The problem with Bitcoin transactions large fee can't help the altcoins that much.
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People are sting if they think that someone will just put every knowledge about the trading in their heads and they will become successful over night. That is not how it's works and no one will share the most important things and warnings for nothing. How they say, there is no success without tears, sweat and blood, of course not literary in the case of trading.
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Gambling is very risky business with no guarantee for profit at all. And for some serious profit you would have to invest much but that also means that you could lose much. Another dangerous thing is that yo can become addictive of gambling very easy and that is where serious problems start.
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I have to say that at first I didn't know much about Bitcoins when I entered the world of cryptocurrencies and maybe that was not very good because I had few bad moments and mistakes but with time I gathered more knowledge and experience and things were better. You learn the best on your own mistakes.
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India and China could have a huge impact because of their massive population. If 1% of people there adopted bitcoins and had $100 worth of bitcoins that would be 2.5billion invested into bitcoins. 2% of the population invests $100 each? Double that. They invest $200? Double it again. This could be massive for price rises.
That is true, but the question is how to people there get familiar with Bitcoins and educate them about it? Many there are already using it but in these countries there are vast areas where people are poor, without education and without access to modern technologies, including Bitcoin. Something should be done about that. |
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Does anyone these days have the problem with loging in into Xapo mobile application?
Every time I try to log in in the past two days I get the verification code on my mobile phone but at the same time also the message that the code is wrong and can't be verified.
On the other hand the Xapo web site is working normal and I have access to my account.
What could be wrong with mobile app?
Yeah! I come up with similar problem. The problem is not with verification code but with auto-verification. In such case, what one need to do is let the code come on mobile. When they write wrong code, cancel it and write code manually and there you go. You will get access to app. Thanks, it's working, I've just tried. But I've also noticed that verification code is different than before, it has 6 digits and the dash. And when you enter the code manualy you shouldn't put the dash otherwise it's not accepted. Probably this is some kind of bug, hope they will fix it soon. |
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Does anyone these days have the problem with loging in into Xapo mobile application?
Every time I try to log in in the past two days I get the verification code on my mobile phone but at the same time also the message that the code is wrong and can't be verified.
On the other hand the Xapo web site is working normal and I have access to my account.
What could be wrong with mobile app?
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There is no sign on the horizon of droping the Bitcoin price, it's looking good. The smaller dump that has appeared recently hasn't done any bigger damage and the price has recovered soon. So it's still good decision to keep holding your coins and expect even better price in the near future.
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I would have never said a year ago that we would have people complaining about a average Bitcoin price of $1200. We get complacent very quickly and forget that the price was averaging at $400 to $500 per bitcoin for a very long time. I enjoy the short term stability and I think the merchants accepting bitcoins feels the same. {Volatility is not good for merchants}  Yeah, that is realy strange people have fear of good Bitcoin price. Like they think this is some kind of bubble that will soon burst and something terrible will happen. But periods of high pric and more or less stable price have happened before too. But I suppose this is human's nature, if the price was low they would complain about beeing worthless. |
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You managed to finance all this with Bitcoins you have earned or are these just examples what is possible?
Because for everything this a lot of Bitcoins is necessary. Anyway, with my small Bitcoin earnings I could manage some smaller financial difficulties or it was a good start for some smaller investments for further earning.
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Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?
Start reading whatever you can about news from Russia, keep their internal events in mind so you can get a general guess as to when they might start buying or selling more Bitcoin, keep up to date as to what the government is deciding, and start to get involved with exchanges that Russians are likely going to use. Keep in mind the Russian government will probably start to care about something like this, since they want to track all the transactions that occur, last I heard. Don't piss anyone off and you should be relatively fine. How can I enter Russian bitcoin community? If you are not Russian that could be hard. To my knowledge they are very strong but also prety closed community so maybe the best would be with some recommendations. I don't know if this is true but aledgley there are also many hackers in their Bitcoin community so depends also what are your goals. |
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I'm not sure that I understood what is actualy your idea. And why do you think that random gathered group of people could pump the price just like that? Bitcoin price is much more complex than this like you have imagined and if this was so easy and functioning that way, many people would be rich by now.
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I still beleive that 1000 was possible for early adopters who were buying Bitcoins for few cents. If they were persisent and patient enough to hold or even to enlarge the sum now they are very rich people. But nowdays is very difficult to earn 1000 Bitcoins, at least on some honest way.
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I don't if there are persons here on forum who have very large amounts of Bitcoins. Probably there are, especialy looking at some donations for forum, but probably no one of them will not reveal the real amounts in their wallets. They want to keep their privacy and none of them wouldn't like to become the hacker's target.
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Who can say that Bitcoin price is overestimated? It's the market and the factors that influence it who deteremines the Bitcoin price. Price is volatile and changes all the time and despite some theories I don't think the price could be deliberately manipulated. Besides, I don't think that high value could harm Bitcoin.
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I wouldn't say so, this sum is just to exaggerated. I also beleive that Bitcoin price will rise in the future but let's be realistic, this is not achievable. And that is so distant future, by then maybe the world and the Bitcoin will not exist anymore. Let's rather focus on current situation and current problems that Bitcoin has and how to solve them.
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Placing everything that you have in just one thing, no matter what that is, is very risky. That maybe might look like good move at that moment but long term you are too exposed to risk and we are all,aware how Bitcoin price is volatile. So it's always better to divide your funds into multiple diversified investments.
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When I started trading I was doing well and was prety much satisfied with profit. But the time came when I wanted to trade more and larger amounts but that has required much more time, dedication and knowledge. I couldn't follow so I quit. Today trading is even.more demanding and its not for everyone. Anyway, I agree that education and research are very important and without that you can't be successful.
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I don't realy think this is some special phenomenon. Bitcoin is volatile, we all know that, but depending on the market conditions and different influences there could be periods when Bitcoin price is more or less stable. And this is not happening the first time. But also doesn't mean that Bitcoin price will remain stable.
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The price has recovered nicely despite all black scenarios and predictions. Only some smaller dumps appeared and we can say that the price is kept all the time at the very high level that also shows Bitcoin has become stronger and more resistant to different challenges and issues on the way.
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