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Yes bitcoin has already crossed such initial stages and it is now not in need of opinions of big investors or economists. People have seen the true potential of bitcoin with their eyes.Bitcoin has successfully survived despite the continuous action staken against it by bankers and governments.
Bitcoin is now known by people even belonging to under developed countries.They are crazy to know and investin bitcoin.That's really a great achievement as a decentralised currency without the support of any of the governments.
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There are a lot of investments which have managed to beat inflation, but Bitcoin may not be necessarily one of them. The reason I say that is we do not have enough data. You cannot conclude that basis Bitcoin's price increase in 2017.
Equities, when you look at it over a period of time (decades) definitely has given returns higher than inflation.
Definitely there are also other investments which help to beat inflation.But not like bitcoin which on one hand beats inflation and on the other hand also gives very huge returns which other assets fail to give. |
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Personally, I think rthe Bitcoin/Crypto market needs to be regulated for it to become mainstream or useable in everyday life situations. For instance buying a cup of coffee or even buying gas? What do you think? What're the top projects you've been keeping an eye on and how do you think this will change the future of Crypto?
I would say that there is no authorized central body to control any sort of scams or scam projects being carried out in bitcoin. Also, there is no one to fix a legit fee for wallet transactions or exchanges and they fix their fee as they wish.This might become a very big drawback in future when more people tend to enter the bitcoin market. |
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I see this post all the time, people who keep saying that bitcoin will soon disappear or we are about to see the end of bitcoin. I read somewhere that the price of bitcoin this year is not the lowest since bitcoin's inception. It has dipped lower before, if I remember correctly, it was 80% drop. With that in mind, how could people say that bitcoin is about to cease existence? If it can survive an 80% drop, surely it can survive the drop this year, right?
We have seen the obituary of bitcoin more than hundred times on the internet. It has survived despite tougher situations. Such statements may be made by either corporate supported media or by big whales who want to manipulate bitcoin price by spreading FUD and encouraging panic selling. |
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Some countries have laid taxes on cryptocurrencies and mining while many other countries are deciding to impose a tax on cryptos.We could even take this move positively that by imposing tax, governments indirectly agree on cryptos and their related industries like mining to be legal.
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We all know, there are 2 types of cryptocurrency
1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the governments of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
It would definitely increase the adoption rate o bitcoin as it happened early in Japan. More investors would get confidence in buying and holding bitcoins as there would be no more threats from the government about banning bitcoin. |
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Every technological advancement and invention main focus is to increase the productivity through efficiency and effectiveness and that is the main reason we build computers, softwares, AI robots and many other advanced machines that can do miracles in a work place and those man maid machines are so effective they can easily replace large amount of workers and do the same job efficiently with minimum cost which makes more people jobless and day by day job market is decreasing in a higher rate which is a major problem to the world with the population increase rate we see today .
What do I want to know how bitcoin can be different from these inventions ?
In my point of view, bitcoin could no increase jobs for the unemployed people but rather,it could provide a new and independent way of earning opportunity either by means of trading or mining, etc. |
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Google will remove part of its cryptocurrency ad ban in October to allow regulated crypto exchanges to advertise in the United States and Japan. Advertisers will need to be certified with Google for the specific country in which their ads will serve. Advertisers will be able to apply for certification once the policy launches in October. What do you think about this development, will October be the month Crypto market starts its bull run ? Source: https://support.google.com/adspolicy/answer/9142422No there has not been a good contribution from Google for progress in cryptocurrencies. Also after google's ban on crypto ads, we had not seen a bearish trend in the crypto world. So same is the case now. With google's lift of the ban on crypto ads, a bull run could not be expected. |
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Most newcomers enter into the crypto world with an expectation to get rich overnight. They expect the event of bitcoin reaching new ATH of $20,000 last year again. But it was only due to the launch of bitcoin futures. Reality is that the bitcoin price is even struggling to cross $8,000 range. Expecting a high return is not wrong but, they should invest and wait on a long-term basis to reap their expected benefits.
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Already banks have started suffering by losing their revenue from transactions due to bitcoin.And now,bitcoin exchange has started to give loans in bitcoin and this is really a terrible issue for banks who already struggle to survive. |
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As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.
No.FullAnonymity could not be provided for bitcoin as it has been programmed to be pseudo anonymous.Anonymity would not help bitcoin to progress as already we have seen Monero and zcash which were fully pseudo anonymous to have failed while once they were expected to surpass bitcoin due to their anonymous nature. |
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First of all we should know that the mining cost for one bitcoin varies in different countries.For example,mining cost for one bitcoin is just 1,983 dollars in Kuwait and 2,177 dollars in Belarus.But the cost varies as 13,482 dollars in Belgium and 14,751 dollars in Marshall islands.So it depends upon the geographical location of where we mine.
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Hi Hhampuz, hope that you would have recovered by this time.It's a little bit sad that this campaign is going to end by next week. But still, it's a wonderful experience to have worked in such a well-organized campaign. Hope that we could work together in future.
Regards
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Yes.Totally different perspective.May be the US government don't want to put the same side goal by allowing ETF and creating a threat to their own US dollars by their own hands.S o by this way,there would never be a bitcoin ETF approval by SEC even in the future.So the only remaining aspect for boom in bitcoin's price is the next bitcoin halving.
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Yes earlier,we would have to convince people as well as traders for making them to accept bitcoin payments.But now bitcoin is universally known.So no such issues.
Bitcoin is still out of reach of some governments and they couldn't actually trace bitcoin holders for taxation.Hence bitcoin still remains a safe haven.
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I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
Bitcoin price could not be made stable as volatility is its natural character.Bitcoin's price is determined by the difference in demand and supply.There is no central body to regulate its price as in gold,oil.If more people start using it as a payment option,then there would be a strong support for it despite market conditions and it could help bitcoin price to get a little stable. |
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Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.
Yes bitcoin has the supremacy over other altcoins as they have not gained the trust of investors.Also altcoins have not proved their potential but bitcoin has survived despite strong and continuousattacks by some governments. |
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When it came to Tom Lee, nothing negative would convince him from abandoning his end of the year prediction of bitcoin reaching $20k - $25k. A new high. In this article, he was quoted singing a different tune. Has our bitcoin bull transformed into a bitcoin bagholder? The psychological change is very clear. He is also human after all hehehe. In any case, I agree in his new sentiment. It might be a perfect time to start buying again.  Bitcoin is not dead, and the best investment opportunities arise when the picture is not bright. This is how Tom Lee, Co-founder of Fundstrat and expert analyst of the crypto markets thinks.
According to Lee, the current value of Bitcoin represents an excellent buying opportunity, and it would be a mistake to miss the train:
“The question you have to ask yourselves is, ‘Now that crypto is down here, is it appropriate to be bullish or bearish?’ And I just want to absolutely point out it is a mistake to be bearish when you’re already down. This is like looking at stocks in December 2008 and deciding you wanted to become secularly bearish, even though the bear market was ending.”
“So I think the bear market has largely run its course in crypto, and it’s been healthy. It’s been resetting capital. It’s resetting investor expectations. But most importantly, the only time you can really make money in a big way is to buy when investors aren’t buying. That’s the real opportunity."Read in full https://ethereumworldnews.com/tom-lee-mistake-bearish-when-youre-down/Its the same phenomenon used by Warren Buffett that any stock should be bought only when no one is buying.Actually this is the time when most of speculators and new investors trying to get rich overnight leave the market and I hope there's no more events which could negatively affect bitcoin price and hence buying it now would be the wiser investment. |
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Hoping I'm not the only one in here feeling this way or I assume S.W.A.T. will be at my door in a few minutes.
I see most of the forum members in here thinking we need the government to step in to regulate crypto. I see others flocking to KYC to make sure they get the latest airdrop all the while losing the precious commodity of privacy. I even see others hoping and praying we get the ETF approval so prices will really skyrocket and we can all get rich. The ETF is going to steal control away form us and give it to the paper pushers. Everything the majority of the forum is doing and hoping for is giving the movement away to the same power structure which is screwing us all over.
We need no regulations. We need no KYC. We need no ETF's. What we need to do is show the world why Bitcoin is better than government FIAT and let Bitcoin take over that way. We have a real shot at gaining freedom of finances however it seems most are tripping over themselves to give all that away to the government as quickly as possible.
Please consider government interference in crypto for the future generations sake. They will not have the amazing earning potential we have. They will just get a shit sandwich of every transaction they make begin on a public ledger. Perfect tax slaves. Are we handing our kids over to the system by allowing the governments to just step in like this?
Yes you are absolutely right.Bitcoin should be allowed to continue in its natural form of helping people to reach out of government's hands.Otherwise only the name bitcoin would exist and there would be no bitcoin anymore. |
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I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.
Bitcoin doesn't have a stable price at all.And even if it seems to be stable,it is only for a very small duration and also a small variation seems to exist at that price also.Miners have nothing to do with stability of bitcoin price. |
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