[Edited to make it more understandable question] What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.  In my opinion, I do not think it will help if all nation used one currency. For me, There is a reason why every country have their own currency, is it because of there economy. I think if we have one currency there is no balance will happen in our market or in an economy of every country. So it is impossible to implement one currency in our nation. That will be a great idea to use one currency across the globe and that must be some digital currency paper money have some limitations. And many regions will not accept foreign paper money as global so bitcoin is the smartest option to make It as global currency so that trading must be done with it across the globe and the people have no objection in accepting it. I am also highly in favor of using one currency because we are already living in global village then why not we should make our currency one. It would make things damn easier in order to let us deal with each other very effectively. I am pretty optimistic regarding this idea because the pace at which people are increasing as bitcoin users, bitcoin will soon become the only currency of the world. |
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You cannot kill bitcoin forever you cannot even kill it for a bit because it is like killing all the money people made do u really think there will be no protests against that? it will be a horrible thing to watch.
Killing bitcoin does not make any sense in the present world under such circumstances when bitcoin are ruling the world. I don’t think so there is any currency or government that can destroy bitcoin world. Bitcoin are very cool investments and they are fulfilling the needs of people amazingly. I don’t think so the bitcoin holders will let anyone do any bad to bitcoin. |
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I'd say if you're going for long term holding and don't really want to look at daily charts and all that. Just go and buy bitcoin. For sure you can come back to it years from now and its value will definitely be higher than it is today. The way I see it, altcoin is the riskier way which involves more time and effort from you because in the end it may eventually pay off, well, better.
Yes buy as much as you can and hold for the long term and then the time comes when you will be counting profit with both hands so buy bitcoins no other coin is reliable to user there are a lot of consequences in other coins go for the best one which is bitcoin and you will be in the caravan of the profiteers. |
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If the coins you hold are on poloniex list, you don't have to worry, because altcoin available on trading list is a result of rigorous selection. No need to panic, even if price falls significantly. Let alone, later if it's time surely he will jump high and your investment also brings benefits.
yeah hold it, just hold it, it will back to its big price sooner or later we just need to hold our emotions too, so that it will be good for us, it will needed because if we cant manage our emotions it will leads us to having no profit, so if we are a true trader we will wait for it until it pumps again thats important among all. There is definitely no need to get emotional when bitcoins are going though dumping phases. We all are well aware of this fact that for last few times, bitcoins are pumping hard after every dump so no need to get distressed by the falling prices of the bitcoins rather is happy because it forecast great pumps. Holding is a good option especially at the time of dumping in order to avoid any kind of loss. But on the other hand, in normal days I think trading is a very good option as compared to that of holding for the ones who know the art of trading. For holding, you need to be very much patient and I think not everyone can remain this much patient. |
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Bitcoin and many other cryptoes have a bright future! There are many great developments that I do not know much about, and many big investors have a lot of bitcoins.
which I think bitcoin will keep on increasing
Only a hater or fool can give a statement about the bleak future of bitcoins otherwise all educated and sensible people know that bitcoins are the best crypto currency so far and there so many people who are investing large portions of their incomes into bitcoins for secure future. There is no reason to deny this fact that Bitcoin holds a very bright future not only for itself but for the ones who are associated with it. The way Bitcoin has earned this much of reputation in just a short span of time, I am very much confident that Bitcoin will have a wonderful future in the coming days. |
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A trading expert once advise me to never subscribe into pump and dump group as most of them are fraud and idea to dump coin on the inexperienced traders. Though people are saying that they are some reliable one but to me the idea is not worthwhile for me to put my hard earned money into it. I do analyze the market myself and buy when necessary.
This pump and dump is the real beauty in the world of crypto currency especially. I think that time of pump and dump is the most crucial time and in fact that time decides whether you are going to have a good amount of profit or not. So you need to cash those moments in a way that you can have a good earnings. |
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Here I am again, when do you sell?
My answer is hold the most that you can, why? because the potential of bitcoin is not ever near from be reached. I dont want to sound like a religious wack but I would only sell in case of real emergency, treat Bitcoin like gold. After all it is digital gold.
I really agree, sell in an emergency and really for the important needs but sometimes we also need refreshing and sell some to go on vacation maybe when the price goes up so we have a big profit Making this decision of when to sell is very much important and carries a significant importance especially in deciding the amount of profit you are going to earn. I personally do not sell my Bitcoins but when I do, I make sure that I get at least 50% profit over each Bitcoin. The amount of profit indeed varies from person to person. |
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I have a few friends who have written on bitcoin as they work for a dissertation service UK. Would a dissertation or thesis research on bitcoin be of any benefit to let the users feel comfortable about it? I think that statistics is mandatory about anything for the promotion of that thing. If it relates to national economy, population, businesses or online currency. Statistics shows us the actual market position and value of that particular thing. The more information the people have, the more investment takes place. Therefore I strongly recommend the statistics on bitcoin economy for the people to know what bitcoin is. |
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it will fall under $2000 and will bounce back to $5000  Yes I also connect with bitcoin due to unique features, like price, transition, accessibility, use and profitability. According to me the price will reach to 10000 till the end of this year, although its price became fall during a few weeks. But it is due to some decisions from some countries, and I think that this downfall is for the time being. For the long term the bitcoin will overcome all the other currencies of the world. |
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Try to invest in different coins like eth or dash, Then hold it for a very long time, Another thing is you can also get small profits from it. Then your only problem here will be your patience because sometimes the value is decreasing. Just do not try to bet on gambling because its a very bad move.
I think there is no need to buy any other currency with bitcoin. I suggest holding bitcoin for a long time and making more and more money and then buy more bitcoin. Double your bitcoin and your earning will be double. If you use your bitcoin for any other crypto currency like altcoin and others they may not give you as much profit as bitcoin can give you. The best way to double your money is ti double your bitcoin wallet. |
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I read that rumour a few times, from big players too but in the end it was just a bad rumour, but that don't mean that it eventually never happens, Amazon should accept btc in the near future it will be a win win, personally I think other coins like OMG, ETH, or even PAY/TENX will be the first ones ever used by sites like Amazon since bitcoin has somewhat a negative name in some of these big companies.
Amazon needs to accept Bitcoin before accept cryptocurrency is new payment method in its system. You also know the popularity of the cryptocurrency world still very small, it cannot compete other payment method has old age like PayPal or Visa. This is the one of the greatest news as we all know Amazon is the one of largest online shopping store and as it has started taking payments in bitcoin more store will follow the trend and online shopping will be easy. And this is the pure business thinking what Amazon they knew that coming era is of bitcoin and they take right decision on right time that will give them benefit. |
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See news report here.His point that governments will never allow Bitcoin to take off, which would mean their loss of monetary power, is reasonable on the surface, even to seasoned finance professionals. But it's hard to believe the head of JP Morgan Chase not understanding the history of gold and silver standards. Of the last five centuries of modern Western history, only over the last 45 years was the chief imperial currency not explicitly pegged to non-state money (gold and/or silver), and these years saw more than their fair share of instability. In fact, the elites have never really abandoned precious metal standards, because they can't. The evidence is more than solid that they have secretly manipulated gold and silver prices down over the last decades. This is no different from gold and silver standards, if you think about it. Only that, in modern times, the 'pegging' against precious metals is more flexible and not explicit. Ultimately, the modern Western imperial-financial system doesn't have enough hard power to force its money onto the world. It must rely on the fiction that its money is worth a certain amount of state-free money that is truly trusted by the public to hold its value, one way or another. (And if that state-free money is crypto, they can even do their pegging cheaply and without embarrassment.) The only state that *did* have enough power to impose its fiat money was China after about 1000 AD, as the Chinese empire was a centrally controlled universe unto itself. Even there, after a few centuries that ended in disastrous inflation, China went to physical silver. But no, I don't think Dimon is ignorant. He's likely playing his part in the elites' control of Bitcoin's price. There's a decent chance he advised his relatives to load up on Bitcoin after his comments! I think most of these guys are stressed up and they need to take some rest. Apparently that is why they keep talking bullshit. Or he just wants to talk too for talking sake for recognition. These guys are angry they didn’t take part in getting bitcoin earlier and really want to get it cheaper. |
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In my experience all you can do now is just hold. I make some mistake when panic sell before. Everything will comeback. The question just is when?
Anyone who has made such mistake before will surely never make it again. It is good this is happening again when we have lots of newcomers. Over time, news like this will not move anyone that much by letting the whales take advantage of the market. |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
we are still in the beginning of crypto currency revolution. 500% is a reason why they wont sell their btc, because they believe it can be more than that. So I think its just less than 5%. Its difficult to decide when you want to open a buy positon right now when the price are high, but its even more difficult to cash out when you buy it at low price. It is actually going to be more than that. Most adults (not new born babies) in this crypto world today from experience already know that holding is far better than trying to quickly sell for profit. Ask those who made the mistake few years ago and they will tell you. |
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It will not be a good idea to convert all asset in to bitcoin. Putting assets in to different places is preferred.
I have read many times about this statement, “Don’t put all your eggs in one basket”, it really understandable. Not in only the case with bitcoins, rather every other walk of life demands this rule. So, don’t indulge yourself in one business, same advice for bitcoins. Keep trying dividing your investments and trading. |
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If you are actually able to profit from mining bitcoins then you should most definitely save it as the value will grow over time significantly so it's best to get comfortable sending, receiving coins and storing keys.
I will agree to what all you have said. I think there is no other better way than saving the Bitcoins. But even then this is not a universal law that you need to save your Bitcoins every time. It all depends on the circumstances. It is you who has to decide in between two very much carefully and whatever you decide, stick to it as that only will profit you. |
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governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
There are various system in terms of governemnt. So there are still possibilities for paper money to get involved in the bitcoin system. Because as a crypto-currency that deal with transactions it also needs a basis of value which is the dollar to it to have value for investments and trading. So it would be a good thing for both Bitcoin and the fiat if it become the time where it would help each other to experience development and growth. Very well said! I think both the crypto currencies and paper money are entirely different sort of things. They have nothing to do with each other as such. I think the future of paper money is totally safe and sound and it will not suffer in any way no matter what the circumstances will be. People will use paper money in the future as well. |
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As they have already banned bitcoin it might be that this is really bound to happen. The question is why would yhere be closures and banning of bitcoin. Is china closing its doors to the world or a rebellious action towards the united nations. What do you think? I don’t know what is right and what is wrong. Yesterday I got a report in which China had condemned on the news of banning bitcoin exchanges and now still news are roaming around about its being banned. Still China will never do it because they don’t want to lose the future economics. |
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Hello everyone.
When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?
In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.
But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.
An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.
There are too many projects that we don't really need it on blockchain.
Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.
Please enlighten me.
Lots of companies are now using the blockchain technology in new and different ways, the technology was first started by bitcoin(or probably first used) now sites like steemit allow users to post articles and get paid when they are upvoted using blockchain technology. Yes blockchain is a trustable technology and the most use of bitcoin is through blockchain bitcoin wallet. As you mentioned that now there a lot of companies which are using blockchain technologies because of its security, easy transactions and process of payments. I think blockchain technology is must in this era, because of the crypto digital currency usage and investment all over the world. |
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I can't believe people are making threads about this.
As long as bitcoins has excisted, prices have gone up and down. It's in the nature of bitcoin. If supply is larger then demand, then the price will drop until demand is larger then supply, when the price will rise again.
You shouldn't convert you bitcoin. Just hold on, and wait until the price will rise again (which will happen).
Bitcoin has not moved this large this fast. These price swings are ridiculous even by bitcoin standards. It dropped $1800 in about 7 days, and mind you that's a larger drop than bitcoin has been worth for the vast majority of its life. A 35% drop (roughly) in a week! We've seen that kind of drop before on a percentage basis (rarely though), but never that magnitude in terms of dollars. And now this morning, bitcoin surged about $900 in 4 hours. Again, a larger price movement in four hours than what bitcoin has been worth for the majority of its life. These movements don't correlate to supply and demand for the coin, but people speculating/gambling/flipping the currency. Chalking this up to "oh, that's supply and demand for ya" is overly simplistic to the point of being semantically true and of zero value. This bounce actually has the potential to harm, as it's just training a lot of monkeys on these boards that anytime it goes down, that means it's about to go up, so sink all your money into it. That's not how it works, and you're taking on a huge risk you don't even understand in thinking it is. The part that got me thinking is the last paragraph of your message and that needs serious attention for anyone who means business and its equally a risk at that. Bitcoin price will rise again is based on assumption but what we fail to account for is "at whose expense" or " who is calling the shots" the erratic price level in the last couple of hours is what I seem not to understand but with the way its going, I guess we all need to watch a little more before taking a decision. All happens are by the rumor from the Chinese market! The price of Bitcoin and Altcoin have recovered now just by OKcoin and Hunbi exchange consider again about close their exchange in next time  It is just the matter of time if prices goes down they will come up also good days have to come yet and then price will be high and the investor will gain the profit and the best strategy now is to hold the coins and wait for the real time. The time will come and will pay off more than expectation ad then this time will be forgotten that its prices were low. |
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