Could it be possible that in the future there are countries that use bitcoin as the national currency??
No, any country that takes bitcoin as a national currency will very quickly regulate its economy due to the fact that bitcoin has very high volatility. I also believe that the amplitude of fluctuations in the price of bitcoin with an increase in its value will only increase. On a small example I will explain that if, for example, you then go into the store, in the morning a certain product will have one price, another for lunch, the evening of the third and so on every day. At the level of management of the country's economy, this will generally be comparable to a catastrophe. Planning the economy of the country, as well as controlling the implementation of plans for economic development of the country will be impossible. I'm not talking about the risk of depreciation bitcoin at its high cost. Therefore, I do not think that any state will decide on such a step. In addition, it should be borne in mind that if the state takes bitcoin as its national money, then it will largely depend on the state of economic development in other countries where bitcoin will be used as a means of payment.
|
|
|
Kryptovpljuta provides great opportunities and will be won by someone who can use them. Therefore, millionaires have already become those who have considered in the crypto currency a great perspective and in time oriented. Of course, a large profit assumes a certain risk. Investing in bitcoin is not too risky. It seems that the higher its price, the more risky will be the investment in it of its means. I think that the amplitude of price fluctuations will increase in proportion to the growth of bitcoin cost, and if this cost greatly increases, then periodic fall in price will be very tangible.
|
|
|
This recipee could be a thing of the past. Nowdays it may be better to look for opportunities as lots of talent is going into the market. Do you still think of becoming a millionaire by hodling?
Trading on the exchange usually brings much more profit than the usual retention of purchased coins. However, not everyone has the knowledge, capabilities and desire to engage in trade. In addition, trade is much more risky than pursuing profit from the growth of the coin's value. The retention of the purchased crypto currency is more suitable for those who do not have the time and opportunity to trade and sometimes bring a good profit. However, as in any business, it is necessary to know the market and to orientate which coin is promising for purchase, otherwise the retention of many coins will not only not bring profit, but can also cause damage.
|
|
|
Cryptocurrency ban in China is one of the most discussed topics in the community. The truth is that bitcoin thrives in the country, despite the restraining policy of the local government.
If the Chinese government wanted and could prohibit the crypto currency, it would have done so for a long time. Or there is no desire for the government to do this, or there is no real opportunity to ensure implementation of the decision. The Chinese government has been looking for ways to solve the problem with the crypto currency for too long, and apparently it has not come up with the best solutions. Recently there was information that China plans to authorize the ICO, but under the regulation of state bodies. This is already a good solution, which shows that China will recognize the crypto currency in the future.
|
|
|
The situation, when the crypto currency is not yet recognized and not regulated by the state, really has its positive aspects, since at that time there is still no taxation on the profit from operations with the crypto currency. In the future, simultaneously with the solution of the issue of legalization of the crypto currency, the issue of taxation will be handled in parallel. Each state will have its own rules for collecting taxes, but all states will consider this issue. The time will come and we will all continue to pay taxes on profits in the crypto currency.
|
|
|
I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
Now investing all of your money in bitcoin is not a very good idea. Although bitcoin is also one of the priorities in investing, however, it is not worthwhile to invest all your funds in one bitcoin. We can not be absolutely sure of the good growth of bitcoin. Situations and objective conditions can be very different. For example, here is the Tokyo Mt. Gox can throw out its 180,000 bitcoins in batches and the bitcoin rate will collapse for a long time, regardless of the fact that the overall growth outlook for bitcoin is quite good. Therefore, I would advise about 50 percent put in bitcoin, 30 percent in ethereum, and the remaining funds in other promising altcoyins.
|
|
|
Now that bitcoin and ethereum prices have fallen, ICO projects have become unprofitable to invest with these coins. because for a certain number of them you can already buy a much smaller number of tokens than before. If you invest with fiat, pre-buying bitcoin or ethereum, then it does not matter much. However, most investors have already acquired bitcoin and ethereum for these purposes in advance, so I think investment in ICO projects has now dropped significantly, and this is one of the reasons why ICO projects can not achieve their goal. Therefore, in the period of low prices, it is best to invest in the chosen altcoyins. The crypto-currency market will vseravno soon rise and so now is the time to stock up on the altcoyins.
|
|
|
The bitcoin will always be volatilized and this is its nature, because it is not provided with anything and its price is based only on the ratio of supply and demand, and these two categories are very volatile and depend on various factors, especially news. In addition, I think that as the price of bitcoin increases, the amplitude of its price fluctuations will also increase, which is confirmed by the depth of its correction after the last December take-off.
|
|
|
Such a ban will not affect anything. In any case, it should not affect the rate of bitcoin and other crypto currency. This ban on ads should only clear this network of fraudulent ads. The ICO itself should not suffer from this. because there are many more ways to advertise their projects, including on this forum. From this, the significance and image of this forum only increases and this is one of the positive moments of such a ban.
|
|
|
I was very surprised that in these 6000 stores you can pay with a ripple coin. I thought that it was used almost inside the banking system, and not as a normal means of payment and did not think that ripple is so popular in South Korea. In general, this innovation will have a positive impact on the image and trust of people to the crypto currency.
|
|
|
As we see that bitcoin price is down since last three months but still not reaching to its highest level. Is bitcoin loose its popularity ?
Bitcoin up to this time partially lost its popularity due to its shortcomings, however, after the release of the new version, it gradually recovered. Now his transactions and the amount of commission fees are coming back to normal. It can be unequivocally asserted that bitcoin not only does not lose its popularity now, but, on the contrary, it gradually restores it. By September, they still promise to introduce a network of lightning. and also to carry out soon a number of improvements, including completely solve the issue of scaling, raising the level of its confidentiality and the ability to create smart contracts on its platform. All this should sharply increase the popularity of bitcoin and its practical use as a means of payment in everyday needs.
|
|
|
I do not think that the ban on advertising crypto currency in Twitter has affected the bitcoin rate. Various conflicting information, including negative information, has been postponed for a long time in people's minds and, most likely, bitcoin had to drop a bit at this time. Just happened this coincidence. Today, I see that bitcoin has again risen a little and, according to CoinMarketCap, its price is 8,125 dollars. Now bitcoin swims, then rises in price a little, then drops. Under such his movements, any positive or negative information can be manipulated, but no one can tell how specific information affects bitcoin. We in general are waiting for his good growth, and with him growth and all the crypto-currency.
|
|
|
Banks will still try to attack the crypto currency until it becomes firmly entrenched in the society and the banks will have no choice but to accept the existence of the crypto currency. It is necessary to take into account that the crypto currency is distracting their clients from banks and they suffer huge losses from this. Therefore, they often become the initiators of campaigns to discredit crypto currency, often paying them, as it was recently with one of the banks of Poland, which ordered for 30 000 dollars false negative information about the crypto currency in social networks. Only when the crypto currency is legalized in most states, only then will the banks reconcile with this position and will coexist with the crypto currency, adapting to the changed situation.
|
|
|
Transactional fees and tax are completely different concepts. Commission fees for conducting transactions are just a payment to miners for servicing the transfer of the crypto currency, because the network blockchein is decentralized and no one is required to service your transaction. At the same time, a tax is always a payment to the state for the use of something or for the received profit and its size depends on the size of this profit.
|
|
|
I am sure that it will happen, this is why I am investing in bitcoin now. When that happens it will be higher than $50.000. It will be probably world's only cryptocurrency with lightening network and others will be trash.
The price of bitcoins is influenced and will continue to be influenced by several opposite factors. Yes, the network of lightning is promised to be introduced in large numbers from September this year and this can give a strong impetus to its development and growth in price. On the other hand, Mt. Gox from Tokyo, in September, can again throw out its 180,000 bitcoins on the market, and then bitcoin is likely to fall even with the lightning network embedded in it. In addition, recently there was information that he was already going to do it and was preparing his first shipment of 7,000 bitcoins. Therefore it is rather difficult now to say what will happen to the bitcoin price this year.
|
|
|
Ripple as a company has more porpuse than the token. This is sad for whoever bought and hold the token. I have sell mine when they passed BTC in market cap because I do not believe they have more value then a decentralized coin.
But for the banks is a great solution and will probably be really successful.
Ripple was created primarily for servicing the banking system, which is a fairly closed system that does not tolerate large volatility of decentralized crypto-currencies. Financial institutions need stability and peace. Maybe it is because of this that ripple was conceived as a centralized crypto currency. However, now all its lacks of centralization are manifested.
|
|
|
This is in direct compete with VISA, if bitcoin can be used like VISA, VISA will die.
If VISA does not resume the work of its debit bitcoin cards in the near future, it will lose a big profit. Since the demand for transactions with such cards is huge, this niche in the market will immediately be filled with other campaigns. I think that such debit cards will soon appear not only in Europe, but also in other parts of the world as bitcoin expands and the capacities of their producers increase. This is a very convenient service that does not require transactions in bitcoin, while paying in fiat due to the bitcoins on this card.
|
|
|
This law provides an opportunity for US law enforcement agencies to access any databases and in general any electronic information located outside their country. This can also apply to any information about the crypto currency, that is, any data on trading on exchanges, exchangers, or any information from sites. Under such a law, there will be neither confidentiality nor anonymity. However, to issue such information to the United States or not, the country in which this information is requested resolves.
|
|
|
what do you think about altcoin,do you think is the time to buy? am afraid because all my money is heading to zero.. It's not scary. Now the general fall of the market and therefore it is not worth counting how much our coins fell. All this is temporary and will disappear as soon as the market starts to rise. At such a time of universal decline, it is important for us to keep our coins and not to sell them to ourselves at a loss.
|
|
|
What do you think should be done? These days bitcoins are not given directly in campaign but tokens are given and very less campaign give bitcoins purely. What would you do?campaign or trading?
I think that you need to start with the signature campaign and as new tokens come in, partially trade them, and partly turn them into bitcoin and ethereum. Each type of activity is interesting in its own way and everything depends on time and desire.
|
|
|
|