As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
If a smartphone can do mining, I think it just makes you disappointed. Because your cellphone will be damaged. And you need a big fee to repair your cellphone. It is impossible. Everyone will feel sorry if the cell phone is damaged due to excessive heat. |
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Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
Of course there is the role of Bitcoin in international trade. Because there are several countries that work together to make shares in the country. If trade between countries is interrelated, there will be cooperation between the two countries. At this point though, it isn't happening. The dollar is still the unit of exchange for most countries (but I don't think it will be for long). Russia and China are already moving away from it. Bitcoin's market cap isn't big enough to be a factor in world trade. It's only about $41 billion, whereas physical money is $31 trillion. So there's plenty of room to grow. This means that it cannot influence world trade, but it might be able to in the future. It is a useful enough tool, so more and more countries will want to start using it. Why do you say Russia and China have moved away from him. While Saxo Bank said that if Russia and China start implementing Bitcoin as a currency other than the US dollar, then the price of Bitcoin can be ascertained to triple from 700 US dollars / Bitcoin to 2,100 US dollars / Bitcoin. |
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Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
Of course there is the role of Bitcoin in international trade. Because there are several countries that work together to make shares in the country. If trade between countries is interrelated, there will be cooperation between the two countries. |
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
I personally have 2 coins. BTC and ETH. If enough money to buy both coins. If my money isn't enough then I only buy one coin, ETH for my recommendation. |
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The government, as far as I know, has not yet provided support but many Indonesian people have been involved in this forum
Yes, right. The Indonesian government has repeatedly banned crypto users. Their reason the government began to take decisive steps to suppress the development of bitcoin in Indonesia. Bank Indonesia (BI) as the financial regulator in Indonesia considers cryptocurrency as an illegal and unrecognized currency. But personally I continue to support crypto as my long-term need. |
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From the article above. They say that the transaction is in minutes. But I think if the transaction exceeds the capacity, is that in minutes? |
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I think that does not work for the whole world. Only in countries, with people who also own crypto, benefit from it. There are certainly countries in which people have little or no cryptocurrency, since in these countries the internet is barely or not at all available. Such countries do not benefit from crypto. You can also put it another way. The rich get richer, the poor stay poor. I think cryptos too can not do much about it. If it should be different, I would be very happy if the whole world has something of it.  Yes Because there are several countries also prohibit the use of crypto. And I don't think it's possible to help them solve their economic problems. Like my country. Many crypto users in my country. But that cannot change their economic life. |
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Bubble thing are being talked so many time years ago and yet people still want to own it. I see this downfall as a result of people on panic without proper knowledge, and also things around the world. Well, I experienced this thing before and I know bitcoin will go higher again, patiently waiting for it.
Yes. Those who panic then sell it. And finally they feel sorry for selling all their bitcoins. Although currently rising bit by bit the price of bitcoin. I don't think the intention to sell. but I still hold him waiting for the end of the year if there will be a surge. |
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For me i prefer to increase bitcoin because i have now invested in bitcoin i want to earn a lot of profit base on my investment and i always believe in this coin because it is very promising coin
Yes, you are right. I also think like you. I also prefer to increase bitcoin by investing. Collect and save. Because by investing now I have a homework. |
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Is this a good time for Facebook to try new kinds of stuff. Facebook owner Mark Zuckerberg has become the world's third richest man in the world and he has achieved all that just because of technology and a right idea, So do you guys think he will now at least think about experimenting to take bitcoin as a payment method in facebook. I think that will surely change a lot of people's mind around the world and they can freely put some money on facebook business.
You say "Facebook owner Mark Zuckerberg has become the richest person in the world and he has achieved it all because of only the right technology and ideas" I think Mark Zuckerberg already has a big income. Facebook owners do not want to damage Facebook pages by adding lots of ads that display bitcoin. But for me personally it's a good idea if Facebook owners add online payment methods via Facebook. Because it supports business activities. |
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If crypto could be introduce in traditional market it will be awesome, unfortunately it's not that simple, the legality of crypto still in big question mark, and then the popularity in crypto is not too good in some countries, so I would say it need more time to introduce crypto to traditional market
Yes, you are right. There are still many people who don't know crypto in traditional markets. Some of them assume that crypto cannot help them. Because they don't understand how crypto works. We recommend that if anyone understands crypto use, they must teach people to understand crypto usage. |
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There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.
Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?
When the economic crisis comes. They will choose Crypto as a substitute. Because crypto can meet their needs. The problem is. How to overcome those who do not understand crypto? |
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So I have been reading tweets and other media outlets which are predicting that the BTC will have a huge surge by December. Have anyone come across this and I don't know if I should be excited or that's another bubble waiting to be needle pricked.
Yes Many people predict that there will be a surge in December. But in my opinion, they remember that last year the price soared. So they might think that in 2018 there will be an equation that will increase by the end of the year. But only their predictions. I think the best thing is to continue to collect and keep waiting until December. |
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It is not clear how long the bear market will last. I think there are too many ICO's in the market now, and they occupy a lot of capital. If these air projects are not eliminated, it will be hard for the market to grow significantly. I expect the bear market to end in three months.
It is unlikely that the bear market forecast will end in three months. Because until this month it's still as usual. Too many projects running ICOs. So it's hard to estimate how long a bear will last. |
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A lot of people says, Bitcoin is the best asset to invest today while others crying for the downfall of the price of Bitcoin, while others enjoying the ride of Up's and Down's of Bitcoin, then yet, no one knows what actually Bitcoin goes through. But one thing we only know according to many Bitcoin Experts that Bitcoin Rises upto 300,000$.. So It's a big WoW to anyone who invest Bitcoin Today... But the Question is.... What would be the EXACT Year, Month, Week, or Day that Bitcoin Goes to the moon?
Experts say bitcoin will increase to $ 300,000. I do not believe. I think we must continue to monitor the development of bitcoin. Bitcoin is indeed the best asset. I personally deserve everyone to invest. |
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I thinks it's not.... Or it won't reach 20k this year 15 000 dollar would be the most suited reaching point this year based on everything that is happening as of today.
You have to remember last year the increase in bitcoin increased. I personally am more confident to buy and collect. Because I'm sure like last year it will soar. Market prices rose towards the end of the year. I think this year there will be an increase of up to $ 20,000 |
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When the red market of course hold is a better and more profitable thing, I'm optimistic that the market will soon recover so we can sell, market red is the best thing to hold.
Yes, you are right. Because when the red market they will buy or collect as much as possible. I also think that bitcoin won't die. Bitcoin will run for the long term. |
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How can we be done so that bitcoin prices become more stable?
It's hard to master about stable bitcoin prices. Because we are not the person who determines the price of Bitcoin. But for me it's better to keep abreast of the development of bitcoin. Because by following developments we will know the price of bitcoin is rising and falling. |
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Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
I think this is very influential with BTC. Drastic changes in Bitcoin prices in a short time can make you feel trapped, especially after buying Bitcoin but prices suddenly drop so that the value is not enough to be used to pay for the items you want. |
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Bitcoin is a fast way to earn extra money quickly if you have the knowledge and a little bit of capital. Bitcoin has changed a lot since its inception, and it's still growing. So if you have the ability to get involved at the beginning of Bitcoin I believe you will succeed in life
You are wrong in the sense of the purpose of bitcoin. To produce bitcoin requires a process to get it. there is no quick way to get extra money quickly. I think all of that must have knowledge that needs to be learned for the process of making money. So they don't regret making a decision. |
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