There seems to be a trend not yet recognized by many experts and that is the withering interest of the people on Bitcoin, especially if we compare today with the days of 2017 and early months of 2018. Of course, we could not expect that people will always like, search and talk about Bitcoin for years. There will always be a plateau and a possible downtrend, sometime somehow.
Is this something we have to accept or should we do something about this?
I don't really think people are losing interest in Bitcoin. If they were, the market cap and market volume of Bitcoin should be dropping and decreasing. Before you make such speculations, you should first analyze the market statistics of bitcoin from the past years and compare it to the present statistics. With this, you can have a shred of strong evidence backing whether people are indeed losing interest in Bitcoin. With such accusations, the only way to prove that people are no longer interested in Bitcoin is when you come out with analysis proving that there has been a reduction in the numbers of market volume and market cap for some time now. Without this, no one will agree with you on this. |
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Here are 6 of my reasons, what about your thoughts 1.80% of day traders give up within the first two years; 2.Among day traders, only nearly 40% of the day's trading was within a month only; 3.Within three years, only 13% continued trading. After 5 years, only 7% were left; 4.The average individual investor is 1.5% less than the market index; 5.Active traders' performance drops by 6.5% annually; 6.Traders with up to 10 years of experience continue to trade. If you are interested in electronic payment systems, please click on this link: https://vakaxa.net/he-thong-thanh-toan-tien-dien-tu/ otherwise you should ignore it. First and foremost, how did you come out with these statistics of yours? Day traders that lose money or fail are the ones who don't spend time to first study the entire crypto market before engaging in the day trading activities. And most of these people are newbies in the trading ecosystem. Day trading is not as simple as people may think. If you don't have enough knowledge and understanding of the crypto market, you will just end up running a lose. But you need to provide us with the source of your analysis to help some of us here to further understand your assumptions and reasons. |
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at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.
The basic reasons why some countries find it difficult to accept the use of bitcoin are; a lot of the officials in some of these countries don't really understand how the entire system of bitcoin runs and they are not willing to research and learn about Bitcoin. Another reason is that they have no ability to control the rate at which bitcoin might be used in the country. In every country, its government always wanna control the inflow of currency in the country. The acceptance of Bitcoin will eliminate their ability to control the inflow of money in the country since the bitcoin ecosystem does not permit a central body to control the circulation of bitcoin. These are the basic reasons behind the difficulty for countries to accept Bitcoin. |
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Hi, >:(I'm new but I'm looking trusted site to buy. Please help me.  Thanks First and foremost, it will depend on what you will be using to buy the Bitcoin. There are platforms that either accepts other cryptocurrencies or fiat for the purchase of Bitcoin. If you are using other crypto coins to buy Bitcoin, you can use any exchange platform but if you will be using fiat, there are a lot of trusted platforms mentioned by people on this post. Such as Binance Huobi Bittrex Okex Kucoin You can check them out one after another to identify the one that best suits your demand. |
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Suppose you earned 60 BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount? How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?  Starting up a business will always be a good way to invest the 60BTC . You are 100% sure that your business can make you a double of the initial investment capital you used. Businesses present real assets that will bring you income for a long term if your business addresses specific problem in the ecosystem you find yourself. Starting up a business is a good retirement plan. With that, you will have a source of a specific income at any moment in time. |
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On the other hand, Satoshi didn't have any such compulsions! So even if the vision is same - to create a global currency, the operating structure is really very different for Bitcoin and Libra both! It will be utter stupidity if we try to compare Bitcoin and Libra!
I 100% agree with you regarding it being stupid to compare Bitcoin and Libra. My problem i had with his description of Libra is the fact that he didn't reference Bitcoin as an inspiration behind his idea for creating Libra. His idea for developing Libra is no different from that of Bitcoin. |
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I oppose though. Libra is more centralized than being decentralized. It does not cohere with Satoshi's main idea, which is a fully decentralized system without passing even a single intermediary body that may control your transaction. Facebook on the other hand, might have decentralized network of nodes, but all the transactions would still pass through Facebook's data centers. And having Facebook known for privacy controversies, it's not a good start for a crypto since Satoshi's idea is being anonymous as much as possible, opposite to what Libra may offer.
I understand that LIbra is highly centralized but when you watch the video in my post, Zuckerberg described Libra Coin having the exact nature of bitcoin. I think you should rewatch the video again. That will help you understand my post a bit better. |
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So I was wandering around on youtube and I came across this video( https://www.youtube.com/watch?v=Lw7M7QamQgI ). I realized that the ideas behind the creation of Libra Coin by Zuckerberg are very similar to that of Bitcoin, which I felt that he is just being smart to launch a crypto coin like Bitcoin. But do you guys think He needs the approval from these people before launching the Libra Coin? Personally, I don't think these people understood what he is trying to develop. This video really explains why Satoshi decided to remain anonymous. Satoshi knew that these people will never understand his ideas and contradict the development of Bitcoin. |
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This could actually be a reason behind the sudden increase in the market value of bitcoin but i strongly doubt that it is the real reason. With sudden price increase of bitcoin, the real reasons are most times difficult to really tell or conclude on. There are always thousands of reasons why people think caused an increase in the price of bitcoin. It is very difficult to understand what the real cause of the increase of bitcoin... |
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EOS is again the leader in China. This time Bitcoin was in 11th place. I have several questions: 1) Why does EOS have such respect among Chinese crypto users? 2) Recently, the Chinese media resource cctv.com released a reportage about Blockchain and how Bitcoin is based on technology and how it works. Could this affect the change of leader among cryptocurrencies in China, I mean, will Bitcoin be more used in the country? https://cointelegraph.com/news/eos-holds-top-spot-bitcoin-11th-in-chinas-latest-crypto-rankingsIt is always a good thing that countries are gradually accepting the use of cryptocurrencies. Even if bitcoin is not the first crypto coin used by people in a country, I'm always happy when they accept the use of cryptocurrencies in general. The use of cryptocurrencies in China will bring great improvement to the adoption of cryptocurrency in the world. The world need to adapt to the use of cryptocurrencies first before the dominancy of a particular crypto coin can be considered. For now, we adoption rather than the most used crypto coin in a particular country... |
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There is one simple and quick way to determine that Bitcoin is scam, and that is: market price evaluation. In the case of legitimate market instruments, one can easily evaluate whether they are overpriced or underpriced in the market. However, in the case of Bitcoin this is impossible.
Examples:
If a bond with a face value of 1,000 dollars, a coupon of 5% and maturity in 2 years, is priced at 500 we immediately know it is underpriced. If priced at 2,000, we know it is overpriced. If an egg is priced the same as pizza we immediately know it is overpriced because these items are used for satisfying human needs and we empirically know that the utilization capacity of egg is lower that that of pizza. If a guy was granted a loan in the amount of 1000 units of fiat money and used only his Dacia Logan as collateral, but then he manages to buy a brand-new Bugatti Veyron for that money, we immediately know that one unit of his money was overpriced because the utilization capacity of Dacia Logan is lower than that of Bugatti Veyron. And finally, if the book value of a stock is 50 dollars we know that if it is priced at 10 it is underpriced, if priced at 1,000 it is overpriced.
As we can see, in all these examples we have objective, neutral and price independent factors that set up the level for determining whether something is overpriced or underpriced.
How can we do that for Bitcoin? What objective measurements set up the above mentioned level? How would we know if Bitcoin is underpriced or overpriced? Well, it is impossible to know this. Bitcoin is not a company, so it cannot be evaluated through book value or earnings. It is not a debt asset like bonds or fiat currencies, so it cannot be evaluated through face value or collateral. Bitcoin is not good or service, so it cannot be evaluated through utilization capacity. In short, it is impossible in principle to know whether Bitcoin is overpriced or underpriced. And that simply confirms the fact that there is nothing behind Bitcoin. There is no underlying value for evaluating the investment into Bitcoin.
This can be best seen through the comparison with fiat. Although, at first sight, it seems that fiat currencies have no underlying value, this is not true. Why? Well, because today's dollars or euros are debt based assets, i.e. they are products designed for people who want to consume goods and services today and return them in the future. These people are called borrowers. When the banks grant them loans, new dollars or euros are put into cirtualtion, which are then used for access to the pool of goods and services that gets filled via economic activity of the general population. But since borrowers have to repay their debt with salaries they received for their economic activity - for their contribution to that pool of goods and services, this reduces their purchasing power, i.e. access to the pool. In this way they return goods and services back to the general population. All this is backed by collateral, and in case of borrowers default, their land, cars, houses and other property will end up in the pool of goods and services for the general population to buy with fiat that borrowers put into circulation. Now, are miners - those who put bitcoin into circulation, and in that way also receive goods and services from the general population, obligated to return goods and services back to the general population? No , they are not. Is bitcoin backed by land, cars, houses and other property of Bitcoin miners? Obviously it is not. So fiat currencies are debt assets backed by collateral and this is their underlying value. Bitcoin on the other hand has no such value, and it is a scam - fake money/asset, designed to extract goods and services from the general population.
That is why one can invest into Bitcoin only on the basis of guesses, opinions, beliefs, or conjectures about its future value. These are then spread through advertisements and propaganda to attract new investors. And this is exactly how investment scams operate - in the absence of underlying value, all kinds of manipulative tactics are used to attract new investors.
Bitcoin is therefore a classical investment scam. It's just that it's well masked as a market instrument.
First and foremost, do you understand the principle and economics of demand and supply? This principle makes us understand that, when there is an increase in the need for a particular product with a fixed rate of the product been produced, the market value of that product increases with respect to the fixed production rate. In the opposite way, if the need for a product is fixed at a specific rate and there is an increase in its production, the market value of that product decreases. With bitcoin, this principle plays a specific role in its market value determination. Bitcoin is never a scam. How can a scam be in existence for ten good years without having problems and failures? People need to just accept the fact that bitcoin is the future of money... |
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People often tend to say that Bitcoin is a P2P currency based on the trust between two people. However it's obvious that these days scams are on rapid rise while governments are generally not providing any legal security to those who are involved in this. So do you think there can be some central Bitcoin Authority represented by various people who can become jury in such cases of dispute? I think this can also increase adoption as people can trust btc more. Also even countries would feel safer as such an authority can conyrol certain malpractices
What you need to understand is that in a decentralized system or ecosystem, people are simply in charge of their own safety in terms of keeping their funds safe. With financial freedom, authorities can not have right to control all activities done in the financial ecosystem. Having a central agency for the Bitcoin ecosystem contradicts the whole idea of decentralization and the principles at which bitcoin operates. People just need to be vigilant on the kinda projects they invest in to avoid getting scammed... |
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I am just curious: Why do we need institutional money coming in to Bitcoin as if it is the one that can rescue Bitcoin from going down? Is this not an obvious sign that as a supposedly P2P currency Bitcoin is failing on this aspect?
Bitcoin is supposed to be in the hands of the people and not with institutions, or so that is the impression I got by reading some articles about Bitcoin and it should be taking the many traditional institutions by storm, right? Now, I am seeing that it is the other way around.
Please correct me if my impressions is really wrong. Or maybe I miss something here. But please don't insult my ignorance...
First and foremost, what are you talking about? And what do you mean by saying institutional money is coming in to rescue bitcoin from going down? What you should understand is that, Bitcoin is not going down and does not need rescue as you think. You just don't really understand anything about bitcoin and the entire crypto ecosystem. If you did, like you will not be making this kinda post here. Please spend time to understand the entire Bitcoin ecosystem. |
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Most of the crypto exchange platforms have either an android or iOS applications for smartphone users. Coinall, bitrue are just a few exchange platforms I have actually used their smartphone application versions of their exchange platforms. It was much easier to their smartphone application than using their main websites. Personally, i prefer using the application versions rather than the main websites since it is very difficult to use a wrong app comparing to logging into a phishing website...
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Why Altcoin has not been priced where Bitcoin Stable has been in the same place for a long time.
This is because most altcoins are no longer having their most volume paired with Bitcoin. They have huge number of volume paired with stable coins which do not really have any significant impact on the altcoin's market value. Ethereum, for instance, has about 70% of its volume paired with USDT. With this, a change in Bitcoin will not have any significant impact on the Ethereum market value. |
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Why will you invest in something you know nothing about?
why will you even think of investing in something you have no knowledge about in the first place? Well, greed can only be the reason that will make someone invest in something without researching or reading anything about it. If you are an investor and you invest in anything without gaining some level of knowledge and understanding regarding the way the thing is, you just make yourself vulnerable to losing huge amount of investment capital. It is a bad practice to invest in something without knowing anything about it. |
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There are details coming out from the Ethereum 2.0 - To need to be a POS validator, one should hold at least 32 Ether.
- The validator's income would be between 4.6 to 10.3% per annum.
The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future. Personally I don't really think this new advancement to Ethereum is gonna bring any specific change into the Ethereum market and its ecosystem. A coin with no quantity limitation will always have problems with its market value. In as much that this upgrade looks good and promising, its gonna have no real impact on the market value of Ethereum. So far as there is still creation of new Ethereum coin, this upgrade is just gonna have no change on the market ecosystem... |
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I was wondering if ERC20 tokens are still useful today and if people still create projects around them? I know the ICO 'feast' is kind of over and that was the main purpose people were launching these tokens for.
Greetings to the community,
Liviu
If you take about ten new projects launched in the crypto space, seven out of the ten are ERC20 token projects even with ICO out of the crowdfunding system. The ERC20 system is the easiest way of creating your own for their project. With ERC20, there are no complex processes involve in the creation of the tokens for the project crowdfunding method. |
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There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
You better stop wasting your time joining any bounty projects that promise a huge sum of reward to bounty hunters. KYC is not the determinant of how successful a bounty project will be. You just have to spend some time to do a good research about a bounty project before thinking of joining it. This will help you avoid unnecessary KYCs which are not worth anything. |
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Note: This is not about how to identify good coins to HODL
This is about how you can be a good long term holder
1. You must have another source of income
Either in crypto space or outside crypto space you must have other source of income,there was a time when i used to rely on coins i hold for monthly income but most time they failed me because some altcoins takes more than a month to add value. You can learn trading or find a better job to get constant income for your daily needs.
2. Not all altcoins are good for long term holding
Some altcoins are too weak to have better value overtime,these coins only add value to price once in a blue moon,WHY?because the power of demand is too low and they have no working product,i belief that working product is what makes a coin have many more investors
3.HODL Only Altcoins With Real Use Case
There are different categories of coins with use cases,many use case are weak use case,for example using fashion designer to back a token is a weak use case to me because it means you can only use the token to buy the designer wears and many will call this a real use case? no it wont do very well.
Make sure that the real use case of every altcoins you hold will be very reasonable,the products backing them up must be something that is different and will catch the eye of investors,the usefulness must be outstanding .
4. Stay Updated Always
Opportunity comes but once as many know it,so always stay updated about crypto,read crypto news online and keep tracks on your altcoins so that you wont miss future updated or even token swaps,some altcoins i hold have already switched to MainNet and im glad i dont missed the opportunity,you can use blockfolio app to track your altcoins.
Altcoin season is what many are waiting for,even new projects are waiting for altcoin season to return before they get listed on exchanges,im sure of one thing and that is good things dont come easily,today is bitcoin turn to reign and one day altcoins will have its day as well.
These are indeed a good way to prepare for long term HODL but I think you should also get to know and understand the principles of the crypto market and also the principles of basic investment. Without these principles, you might invest in a long term hodl and still make a huge loss even if the crypto coin is the best coin for a long term hodl. |
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