|
This is a great thread, i didnt know there were so many variations.
I love the input from polymerbit on the thread also, well done.
I have some of the 1/10 notes and they are magic, will be looking to aquire some more based on this thread.
|
|
|
|
|
I can understand people thinking they have missed the boat because of the
amount of coins mined but i would agree that we are still at the early stage
of adoption. We have to remember there is a limit to the amount of coins
available and in the future they will be more difficult to aquire.
|
|
|
|
|
I cannot see why any government would want to use an open source, unregulated and decentralised
currency like bitcoin. They would have no control over it.
|
|
|
|
|
Of course decentralisation is a concern for governments but at the moment
it is not seen as a big enough threat. As the future enfolds and more and
more people become interested in bitcoin governments may move to act
further against it.
|
|
|
|
People see this as a good thing that there are different cryptos popping everyday, as this means "acceptance".
i don't really know of anyone who actually thinks this way! i have read random comments on bitcointalk from newbies mostly trolling but everyone with half a brain can see existence of 2000 altcoins that 90% of them have absolutely no reason to exist doesn't mean "acceptance"! Exactly lol. Since when was new coins and tokens being created fall under "acceptance"? Anyone can create their own token. "Acceptance", from it's literal meaning alone, means more of actual global adoption. when it comes to altcoins people have always been "bending the definitions" to match their own need so that they can explain the altcoin situation and come up with a better result. for instance one of the definitions that has been bent is definition of a good coin and a coin that survives. people define it as a coin that has a high market cap and gets pumped a lot without paying attention to underlying project and whether it is good or not! I have seen this happen. The question is asked "what is a good coin to invest in" and the answers looked for and provided are always very low value coins that will potentially pump. The details of a project or how usefull it is is not considered. I agree that altcoins have been used as a stick to beat bitcoin with in the past by the media and others and its easy because last year for example the majority of people outside crypto never heard of bitcoin but the ATH has made a lot of people do their own research so they know more now. |
|
|
|
1) They will, but they haven't war mode against it yet, they still don't consider it a treat for the status quo because it's too small
2) They've realized they can't ever get rid of it and they will eventually adopt it as world reserve currency (after demoralizing everyone but hardcore hodlers into dumping coins to them for cheap prices)
I would probably agree with your option 1 more than option 2. I recon governments could shake iut more people if they started issuing bans and further regulations on entry and exit points. The vast majority of people dont understand economics and dont think its a serious matter when governments and banks trick with the finances, others dont care enough either so they know they can get away with it. |
|
|
|
|
I wont be getting out at any price. How do we know what the lowest price would be
if it starts to fall and i believe in the future and the rise in value coinciding with the
falling supply.
|
|
|
|
|
It doesnt have to be a small space, this global forum hosts people worldwide with
different views, experiences and ideas. For me this is a better space than a small
group. I think this forum covers all aspects of crypto and offers a vast amount of
knowledge for people who want to learn about crypto.
|
|
|
|
I think the general consensus is that the price of bitcoin in the future will
deliver mass retirement plans when/if the calue reaches as high as some
people think it will, for example 6 digit figures.
So everyone thinks that bitcoin will be their saviour in that regard.
It was the early investors who have benefited immensely from bitcoin investment and most have become millionaires as a result of that. Nowadays investors are hoping to make at least a grand in terms of profits once in a while. I agree and best of luck to those early adopters they believed earlier than most of us But there is still belief that in 5, 10 or 20+ years bitcoins value will have reached such a height that owning a mere 1 bitcoin can be such a saviour. |
|
|
|
|
I think the general consensus is that the price of bitcoin in the future will
deliver mass retirement plans when/if the calue reaches as high as some
people think it will, for example 6 digit figures.
So everyone thinks that bitcoin will be their saviour in that regard.
|
|
|
|
|
I dont doubt that it will happen, but when is another thing.
When it does i recon it will be big. I still think there are a lot of people waiting
to buy in as soon as there is the right movement. There are those who got
Hurt with the last rise and will want to make amends and those who missed
out the last time and want a slice of the action.
|
|
|
|
|
I think a lot of people have been burned by ICO investing. There are only a handfull
Of projects which are worthwhile and the rest are heading for the useless department.
Over time they will fizzle out IMO as less and less people will be willing to take a risk.
|
|
|
|
I will like to say the plain truth about what I have think laid ahead of us as an investors, traders and speculators on cryptocurrencies market. Many of us that know about cryptocurrencies and bitcoin since 2010 and 2011 and did not see any reason to buy and hold till 2017 before selling will testify that impatient is the reason why they are not millionaire in the local currency.
in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
This is a natural cycle. It happens in all markets, there are buyers and sellers. Not everyone has the same outlook. |
|
|
|
|
I like the 10,000 option but way way beyond my wildest dreams.
The amount of bitcoin i would like to own is not something i seriously
considered but i would be happy to own 1.
I was close to that at one stage but i spent some which doesnt cost me a thought,
and i'll probably spend more before i get to 1 again.
|
|
|
|
Africa if it can be classed as an emerging market could be a good place fror crypto but only in the urban centres and by people with disposable incomes which i suspect are currently in the minority. Much of africa is producing precious gems and metals yet the majority of people are illiterate and impoverished by western standards, how exactly is crypto going to help? im not so sure. There are a lot of historical problems and stats which stack up against Africa in general im not sure crypto can right all the wrongs, some wiki reading > https://en.m.wikipedia.org/wiki/Poverty_in_AfricaThis report from bloomberg predicts something very healthy for the future though and is linked to China. If things progress as China is banking on well then Crypto could in fact become the most important place for crypto. https://www.bloomberg.com/view/articles/2018-09-21/africa-economy-west-should-try-to-match-chinese-investment |
|
|
|
|
Its great to see green for sure and it creats a bit of a buzz but it is really too early
to be making predictions because nobody knows and to my knowledge there is
no outstanding or noteworthy news.
Bottom line, it could be all red within 24 hours, no big deal though.
|
|
|
|
This trap often occurs in people who are in a hurry in thinking, scammers always use it in people who are easily get responses, this kind of fraud is actually easy to avoid because of unreasonable reasons for having to send 0.01btc is an oddity
Yes there are those who will fall easily for these types of scams in a rush to make quick profit. Which we know is not all that easy. Those are the ones who are willing to risk their coins and others who are not thinking the proposition through. |
|
|
|
Cryptocurrency for 2018 is not really good. The market price for bitcoin and other crypto in the market are free falling and does not play a major market price increase since the highest peak market price for bitcoin hit on last december 2017. Thus, I am looking for some reason on this why this happen to cryptocurrency market and the real situation for cryptocurrency.  Basing on the graph it seems that market price for bitcoin stabilizes and eventually fall. The investors were withdrawing their investments on bitcoin for a certain reason and that is the cryptocurrency regulations. The blog from advisor.lk which has been posted by their staff writer stated that the current state of the cryptocurrency is not so good for the current owners as the currencies free falling since January 2018. , The blog stating the multiple reason for this and thus reasons for the decreasing trend and the major factor considered to be the government regulations on the cryptocurrencies, due to the various regulations imposed by the Chinese, Japanese and Korean and other governments resulted in major steep fall of cryptocurrencies. The blog were talking about also with the two reasons for the government regulations, one is cryptocurrencies lack intrinsic value and governments view private currencies as a threat to their sovereignty. Probably we could not expect bull run for crypto in the year 2018. We should not hope and expect for it to happen.Reference: http://blog.advisor.lk/wp/2018/04/12/crypto-currencies-what-is-the-current-situation/You can see it as not good because it has fallen roughly from its all time high, but if you think creatively, the price of Bitcoin is still greater than the past price of it for the last 3 years. Its sort of glass half empty v's glass half full. I think the value of bitcoin is quite healthy. The way i look at it is when I entered the crypto scene the price of bitcoin was around $1000. So thats the perspective on the current status of Bitcoin in 2018 i have. |
|
|
|
This article draws it's conclusion that "bitcoin will never be very important" based on the premise: "If you believe Bitcoin has the potential to replace traditional global financial systems, a new economic analysis is here to rain on your parade." Does anyone here believe Bitcoin will replace traditional global financial systems? I don't. I bet the majority here agree with me. Fiat currency isn't going to be replaced by bitcoin. Bitcoin and crytpocurrency are simply alternative options that remedy what ails the fiat system. The reality is that current government and power brokers will not give up their power in replacement of a financial system that eliminates the middle men and revenue opportunities those middle men seize. The MIT article is yet another example of a reporter taking Bitcoin's purpose to the extreme so they can come up with reasons why it would fail. I totally agree, why would any government opt to replace their FIAT with something they have no control over? There is a minority who believe bitcoin will be the chosen currency of every country, the they are the ones whose parade will be rained upon |
|
|
|
|
Its important not to go "all in" and convert everything you have to FIAT and then
convert that FIAT to crypto. Too risky.
Everyone still needs to have FIAT for day to day living. Its wiser to convert a
percentage of FIAT to crypto and build it up regularly.
|
|
|
|
|
Show Posts
