Depending on our level of understanding, for me every time I have a friend who ask me about bitcoin, I would tell it's a currency or online payment system rather than an investment. It would be easier for them to understand if we will use a common terms, the difference from other online system is that bitcoin is decentralized and that makes it unique and transparent, so far, I explained it well and they just do the rest of the research.
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If blockchain is hackable, we don't need to trust them.
Every coin has their own blockchain but as long as the foundation of blockchain is hack free, people will still trust. Bitcoin will remain the king in the market because it's secured, they have to understand whats the difference of a company that uses bitcoin from bitcoin itself which is the system, if it has flaws of being hackable, people would not trust it.
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That was created for a purpose, and therefore I believe it has a used.
The crypto world is so big but it will be dominated by a decentralized currency as it was the idea why bitcoin is created. However, we cannot avoid those bankers who also like to use the blockchain system, they build their own token and that makes this market grow. Centralized and decentralized, we are in one market now, and we will be bigger that we serve people with different interest.
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He did not understand the purpose of bitcoin, or maybe he is just a simple hater of bitcoin. We don't need that kind of people who are not open minded, we need people who sees the potential of bitcoin and it's real case usage in the space. Bitcoin is decentralized but it can never beat fiat in terms of usefulness, we cannot deny this world is not good without fiat, but it would become better if fiat and bitcoin will just co exist.
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We will face the same path of bitcoin price in 2017 when the moment is come true about 2021 year, maybe will be getting higher than how bitcoin in 2017 because in 2021 bitcoin more higher again.
2021, that's another year, if we will have a good year going forward then I'm sure we will have a new all time high that time. BTC is undergoing a big correction last year but now started to bounce back and its recovery seems to be doing better, we bottomed out, at least that's my opinion and with that said, I believe bitcoin is ready to create a new journey going uptrend.
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For now, the banks can still go on its way even the crypto currency is on its way too. The decentralization is one of the best thing I want and gladly be in our future of financial institution. For me there is high possibility that the in the coming future the revolution of crypto currencies will come at hand and be availabe around the globe.
The decentralization might become popular in the future, but it will not replace the bank in the financial system. Bank is very powerful, the fact that they create money and we have a bank which are govern and owned by the government, we are talking of their interest at risk here, so do you think they will allow the decentralization to take place and they will loss power? I don't think so.
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Bitcoin does not have a short period popularity. There are ups and downs like every market but it does not mean you can leave follawing the market and never come back. During bad times in 2018 many people give up and stop trading or buying but now they are regretful. Hodlers are always getting award of their patience.
I am very proud to say that being a holder makes you successful in crypto. I am here before the bull run last 2017, and during that time, there's a lot of bearish period already but I was able to hold. Now, I am still holding and I am happy that finally there are some light that we called green because market has a great chances going to bullish.
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Well its kinda possible that it will hit $200 without a doubt, wait for price consolidate and when it moves higher It could hit $200 easily
We will see people will be saying to the moon once they see a big increase. ETH is undervalued, look at BCH, it rocketed and has even reached to $300 before it drop a bit, so I am not underestimating ETH to do the same. From $170 to $200, we just need 15% increase to reached that level, btc even did 20% in less than a day, ETH can surely do that as well.
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Market keeps showing large scale fluctuation, few hours back the price grew higher to $5400 and now it has fallen close to $5200. Considering the present price what we experience is high volatility. Bitcoin reaching $10k before June is achievable as there is good growth scale and time of about three months left.
It's just a normal fluctuation, what's good with it is that it stays above $5,000 and knowing this price we struggle to achieve more many months. Bitcoin to $10K, I know it could happen but we can't tell it will happen this June, I cannot be so confident with it but I believe on the power of BTC investors. If there is a huge money that will flow again, the recent was BTC20,000 buy which is over $100 million, then another huge run is expected.
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It should be ok to have taxes since there are money transactions between 2 partners. Take for example Coinbase or any other exchanger: you pay fees for bank transactions (a.k.a taxes where some of the fee you pay goes as tax)
If you don't want fees for those transactions just use Stellar.
I wish it was that easy, paying fees considered for taxes is quite very convenient to our part. My interpretation on the fees we pay is that it includes blockchain fee and the rest is the income of the company or exchanges, and they will pay taxes for the income they earn, so where are our taxes on that scenario? There was non IMO, we also have to pay taxes if we have income, just like exchanges, but fees are not taxes automatically.
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I would rather not know who is Satoshi, as it might change the complexion of bitcoin. Bitcoin should remain invented by an anonymous person whose name is Satoshi, he is the God in crypto that even if we did not see him, but we believe in him.
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These analysis were posted almost 4 months ago , i am looking at present charts and damn, it's like looking in a mirror.
it's amazing how many answers are in the charts yet many people chose to listen to the news and john mcafee.
I would love to revisit this topic by year end and see how far did we move from these analysis.
Now that it seems we are in the bull run, we might heard again john mcafee shilling some of the coins. This guy had some success in the past and gain a of followers on his pump game, but it was a pump and dump, and in the end, he didn't have to risk any amount of money just to make good money.
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Thank you for accepting me, but kindly correct the details in the spreadsheet, my starting post count and btc address is incorrect.
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The situation is now that Bitcoin is pumping and of course this is very good news. So that my feelings about the Crypto market are very happy because in the last few days trading can make a profit. I hope that market conditions like this can continue.
Situation changes as the market is evolving, even if we are in the bad moment of crypto, we shouldn't be afraid. There is a risk of losing, but prior we decide to enter here, we already know and accepted the risk of losing, hence we have to stay calm and play the game right.
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Why do people think that this seems to be true, but I definitely do not think so. The ADA still today has little influence, such as BTC or ETH, because today they simply have not done anything good in general. That's all I think.
Cardano needs to prove first, it has to deliver some real result like BTC and ETH already did. I think BNB has bigger chance to destroy ETH than Cardano. BNB is the new favorites now, of course aside from BTC and ETH, because BNB climb higher even before the bull run, and that gives investors confidence.
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it think in this month we will see many pumps because the market is at the end of dumping cycles and many whales are ready to pumps when the altcoins are being collected with huge vollume, to my opinion, the market will very soon green.
I hope so, let's just say this market is about to change direction, it's tired of staying bearish and now it's already bullish. We've seen how big the changes are, from $3800+ and now we are already trading close to $5,000, this is a huge increase in less than a week. I call it bear market already, sorry, but I'm just brought by my happiness of what the market is behaving.
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There are news online but it's not confirm unless we will hear from himself. Maybe those fellows now are making this news to make this market more bullish, and we know when the market is bullish this is good for everything, and that includes ICO. It would be a great news if it's true. ..
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I think altcoin does not give us profit if bitcoin does not go uptrend because of every cryptocurrency following bitcoin trend, Currently, bitcoin shows strength so I hope every coin, token make some pump.
Be patient, when BTC pump, altcoin will definitely will have to follow. Let the BTC take the lead, just like before, it's pump then altcoins dump a bit as people choose to ride with BTC but as it continues to rise, people then decided to buy altcoins. When the volume is low, it could pump abruptly, until it build a good trading volume.
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I am sure that investing in Bitcoin is much safer than investing in new ICO projects. Now the market is in decline so new projects do not bring the expected profit.
Safer, of course, because BTC is already a high volume coin and the most popular coin in the market. Nothing is certain in the market, but we should choose those who are the strongest if we don't want to take a high risk investment. Altcoins has a future or ICO coins, but at this bear market, our best choice is always BTC over the others. Bitcoin is established, it has dump but now started to recover, this is a great sign for the market.
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