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The 7nm chips might be sustainable to mine bitcoins and other cryptos now but what about the time in future when mining difficulty has been raised again.
It would again be inconvenient to mine bitcoins unless these tech companies continue to provide such support to mine bitcoins and other cryptocurrencies with increased efficiency and less power consumption. Only then the future will be bright for bitcoin and cryptocurrencies.
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It's true that it is not appropriate to assume everytime that the whale is manipulating the price. We must do our research to find out what the actual cause is before believing what the media/news says.
By the way, it's not always necessary that a whale is only the person who has invested millions in bitcoin. There are the early investors who has just invested a few dollars and yet are big whales today by not selling those bitcoins. There are also whales who have not invested at all i.e., the early miners .
Those people do have the ability to manipulate the price but I don't think it's that easy to do so in such a huge market.
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Bounty is a short and rapid way of earning a side income. The thing that matters the most to me is the availability of the earned coin/token. The token should be available soon on the exchanges but what really happens many times is that the tokens get credited to our wallet but doesn't get listed on any exchanges till a good amount of time. Sometimes they don't get listed at all  |
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I don't believe much in ICOs due to the fact that 85% of them turn out to be scam. But I do research on potential ICOs anyway just to see if it matches my criteria of passing the ability to survive in the long run. If it has a good hype, potential growth and a good team only then I think to invest in the ICO.
The last ICO I invested in was the Nauticus just because coinmarketcap promoted it and it had a good team and potential.
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First of all the project should have a real world purpose to serve the people because if the project doesn't really have a good purpose then there will be no way that the project will survive in the long run and will probably die in a year or two.
It should also have a good hype in the market since a project with good exposure often tends to collect more during the ICO and hence has enough money for further development of the project.
It should have a good team so that the project doesn't get destroyed because of lack of growth and development.
Last but not the least it must have a good transparency so that the general public and the investors have trust on the team and the project and hence people like us could invest in the ICO.
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I am struggling to understand how Bitcoin is going to be used.
I know its long standing coin, gold like qualities, not hackable etc. But when it comes to how it can be used, I could not find any answer. High transaction fee, limited coins cause deflation, too volatile etc. General public, corporations cannot use it. Gold is different, there is nothing like gold but we have better coins than this.
Will this be used for only speculation, betting? How would general public / institutions use it in future?
It is quite expected from newbies to ask such questions since they lack in the understanding the technology i.e., the terminology of how bitcoin works. The limited supply doesn't cause deflation but increases the price due to demand which further increases the transaction fee. This also creates volatility in the market but once it is stabilized the transaction fees comes back to lower rates and hence it doesn't cause any problems. The stability of bitcoin is what the actual problem is and I believe it will soon be solved. |
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The current market is not so worse when compared to the bearish market that took place in the beginning of the year.
The market is indeed volatile and the recent dump is not so big after all. Bigger dips has taken the crypto market by storm and I believe it provides a better stability to the coin. Bitcoin has been increasing slowly since the bottom and a minor correction was expected from it.
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I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
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Ethereum founder Vitalik Buterin said he was not going to leave the project in the near future, and the community misinterpreted his recent tweet that the platform could survive in case of his unexpected departure.
Ethereum is definitely a better cryptocurrency than all of the rest. It has more room to grow and a great development team. Although it has been developed so much over the years I believe that it can be developed more and increase its efficiency. Vitalik is a knowledgeable person and he will surely not leave Ethereum for any reason. Even if he does so in the future, he will still be there in case of any issues with Ethereum. I like his principle that a coin should be left on it's own to grow naturally. |
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It has become quite clear to us here that the last year's pump created a huge volatility in bitcoin's price and since the surge in price had decreased, the price dumped. If we look at the charts we can notice that bitcoin is at the same price where the pump started from and I believe that since the bubble has burst, bitcoin can now increase steadily as it has been all these years. I feel really good if bitcoin increases at a steady rate than such huge price surges.
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Centralized and decentralized exchanges have their own advantages and disadvantages.
Centralized exchanges are less secure and more prone to hackers whereas DEX are more reliable and more secure.
CEX have more volume to trade and process the trades rapidly but DEX are slow since they have low volume.
Similarly, there are more pros and cons for each and it depends on the trader on what aspects he want from the exchange.
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The only problems I can think of for bitcoin are as follows;
More confirmation time - might happen when the bitcoin network is attacked or full of pending transactions.
High transaction fees - the above might lead to this as a result.
Large fluctuations - Are obvious if many people trade bitcoin on a regular basis.
All of the above have already happened in the last year and chances are that it might happen again.
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Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.
Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.
Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.
Like seriously ? I know the fact that sometimes checking the price daily might lead to anxiety and blood pressure but the statement you made "day traders don't live long" is a very bold one. Not all day traders develop this habit and not all day traders develop blood pressure or so. I am not a day trader yet I keep checking bitcoin's price first thing in the morning but I don't take it so seriously because I know that these fluctuations happen on a daily basis and even if I am in a loss, I will definitely get a chance to recover it. |
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In my perspective Bitcoin is doing really well. Although the price is too low than the all time high price but if we look at the annual growth of BTC then it's still pretty huge than any other asset. I believe it will definitely return a greater profit next year.
All the predictions made by the experts in the OP will most likely not come true because BTC is still at $6600 and I hardly believe it will make it through the $10k by the end of this year.
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The Financial Service Agency FSA (the top financial regulatory agency) in Japn has revealed plans by Yahoo Japan to launch a crypto-currency exchange platform within Japan and extended to other parts of the world. Currently, FSA has received at least 160 applications from different companies to launch their own exchange. It will be noted that Bitbox, (launched by Line Corp) had its license approved by FSA and they are currently operational overseas. Yahoo, unlike facebook and Gmail seem to be less critical about crypto-currency, Yahoo Finance is already reporting several crypto projects in development, their interest in launching a crypto exchange will certainly be a welcome development and could drive crypto adoption as it shows cryptos in a better light. What is your opinion on this? I would love to hear your thoughts. Credit : https://news.bitcoin.com/japanese-regulator-crypto-regulations/https://news.bitcoin.com/yahoo-japan-confirms-entrance-into-crypto-space/Well it's good to know that Yahoo Japan is integrating blockchain and cryptocurrencies to make an exchange of it's own. It certainly is a huge company and big companies implementing bitcoin is what is needed right now for bitcoin and the cryptocurrencies. Although it won't affect bitcoin's price immediately but as soon as there is a development happening, the price might get a significant boost due to this. |
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Hello Lutpin
kindly change my bitcoin address to 35udw85sr4h5m1pteVSjaNJiTfQLU5nZfk
thanks
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LOL that shounds funny though. But you should have been more careful with your security.
This just means that if you are hacked once then you could be hacked again.
One more thing, if such a poor hacker can hack your wallet just think what a professional hacker could have done.
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It is absolutely necessary for an ICO to show their team because people believe in transparency and in order to achieve that an ICO should definitely need to display the profiles of the people they are working with. People could then look out for the team so that they know who the developers are.
Many people don't invest in such ICOs which doesn't have a good team or don't show transparency.
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China does have a huge amount of people included in cryptocurrencies as most of them mine cryptocurrencies. Although it is mining is now banned in China but yet there would be many still continuing it underground  India and China together have many people involved with crypto but then due to the regulations there aren't much they could do about it. |
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Although I knew about cryptocurrencies from a long time it wasn't until when I came to know about bitcointalk and the signature campaigns.
To be honest I earned my first cryptocurrency through signature campaigns and then used it to gradually increase the overall income of crypto.
This how I developed the growth of investment.
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