In my Opinion regulating cryptocurency industry will be a good thing in the long run, with the most important aspect being mass adoption. Everybody on Steemit is really early adopters of the new technology and this will count in all our favours in the long run. For me regulation means mass adoption, as more and more people will feel more comfortable to invest their money in Crypto Currencies. And we all know that when more money comes into crypto, the prices of everything usually goes up and I do not believe that regulation will cover that we all have to declare exactly how much Bitcoins we each own.
Regulating cryptocurrency is very good in the long run and if bitcoin be regulated once then there will be more millions of people who wants to invest into BTC because once it has been regulated then they will feel secure and safer and if there will be any issue then there is a person who is answerable to them and even bitcoin market will also grow after it has some regulating body over it and it will definitely happen in the future. |
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I'm still wondering why bitcoin suddenly dropped over 11kUSD. i thought that it will hit 30k usd this year, but how come it's suddenly dropped? i dont think so if its manipulated by whales or maybe the supply and demand of bitcoin is one of the problem . or maybe uts a chance given to us to buy so we can havea good profits. can someone explain?
Obviously the valuation will definitely inflate again. BTC is an kind of investment and the pump and dump is very common in every investment. This new year is not as much good as the previous year because there is very much deflation in the valuation and I guess this is the demand and supply issue that made the valuation to deflate that much but not to worry much because the valuation will inflate again positively. |
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Bitcoin dips again?
Reseason Why?
Will bitcoin go to moon?
BTC is that cryptocurrency that is born to shine and will definitely shine in the future because it is an asset that is being stored for future generations so it is an resource, much more than a digital currency . BTC is an that kind of innovative invention that has provided employment to millions of people and still has that potential that in future it will replace paper and will become the prime mode of transaction. |
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Correct me if I am wrong; however, in the past we have had huge declines such as these and only a few time cycles later the price went to new heights. I see very little to fear.
Bitcoin is an investment and the fluctuation of valuation is very common rule of every investment. So if you are talking about the history then you must also know that BTC in the past decade is not that much popular and this is the reason that the valuation of BTC is not that much high that time because very few people knew BTC but now millions of investors are investing into BTC and thus the valuation is high, so buddy don't fear and enjoy bitcoining. |
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Someone says Etherium will be no. 1 coin if Bitcoin die.
But, I don't think so.
If BTC die, there will be no more cryptocurrencies.
First of all the situation is hypothetical tht bitcoin will ever die because BTC is very sustainable and it's end could not be possible ever but Cannot predict the exact future condition of other cryptocurrencies if the bitcoin will die but the one thing is very sure that if bitcoin dies then there will huge deflation in the market of cryptocurrency and then no one will trust any other cryptocurrency more. |
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What do you expect - will cryptomarket be bullish in March?
I guess that this bearish trend since mid January should be finally over and the new slow bullish trend will come. Similar to the situation in May 2017 when BTC price was 1500 USD and then the price went slowly up to 7000 USD in the beginning of November. We can see many new people coming to crypto every day. The volumes on major exchanges are quite good these days and with the Lightning Network coming this year I'm very positive about BTC development in 2018.
Not actually, in fact the valuation has been started inflating in the month of March, though this new year is still not that much profitable for BTC market but it doesn't mean that it will not be, the valuation is inflating, though at very slow rate but inflating and every bitcoiner has hope that their patience will be very fruitful and would provide them good profit and rest is in the lap of future. |
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I think this is very common in our society that if someone is going towards success, then there are millions of people who tries to pull him back and this is with bitcoin also because the popularity of BTC is reaching sky high and the other cryptocurrencies wants to pull it down. Though there is one reason that made bitcoin little weak that there is no governing body otherwise there is no such conditions that it will become illegal because BTC is very sustainable. |
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I remembered watching a video about bitcoins and the simple information that a beginner can understand. It says that bitcoin only has the maximum of 21 million bitcoins and 17 or 18 million has been mined.
What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?
According to me, no because BTC is an investment and the valuation in each investment is fluctuating and the same is with BTC. The valuation of BTC fluctuates and depends upon the number of investors investing into BTC, the greater the investors, the higher will be the valuation but this is very sure that the investing into BTC will gives you profit, no matter how much the valuation fluctuates. |
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The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
Yes bitcoin or any other cryptocurrency is the digital gold, in fact much benefial than gold. In ancient times people used to invest their money either in gold or in shares but now with the introduction of BTC, the definition of investment has been changed because it is the safest and the most beneficial way to invest your money and it is much trust worthy, so yes BTC is much better than investing into stocks or gold. |
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Obviously this is the good news for every bitcoiner if this news is true because every bitcoiner is holding their bitcoin and waiting for the valuation of BTC to pump again, so finally the wait is over and those who kept patience will now get profit but if the news is correct because the valuation is still constant at low rates but if the valuation is increasing then it is very good news but if is not, then also need not to worry because it will definitely inflate. |
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On the sustainability question, bitcoin is a pure bubble, an asset without intrinsic value — its price will fall to zero if trust vanishes.
BTC, the best and very innovative invention so far, has very great existence ahead and the way and time it has gained the trust of millions of people and even the government of many countries has legalized it, so I guess these evidences are enough to proof the durability of BTC and it could never vanish in future and will surely become the future of economy in the future. |
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First of all, your question is little bit deviated from the topic because owning a bitcoin and holding it is different and if holding a bitcoin is illegal then the meaning of investment will be changed because if you are investing into something and u are not allowed to wait till your profit then there is no use of investing into it and investing into BTC is very profitable, so according to me it can never be illegal and will always be allowed. |
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there was a saying is that ,btc's price can not drop down bellow its mining cost.e.g,if btc's mining cost is 5000 $,btc cant drop bellow 5000 $,if the price is lower than 5000$ ,the mines could be paralysised ,so btc transacion cant work either.the statement sounds reasonable.to avoid this situation ,btc's price must be above its mining cost.
On other hand, the difficulty of mining btc is growing harder and harder ,if one day the mining cost goes up to the moon ,e.g, 100,000,000 $,would the price of btc also go to that level of price?but the height of price cant be maintained that high,people would of course change their btc to fiat currency,so i think its quite contradictory to ballance btc price and the mining cost.what do you think of this paradox?
According to me, the valuation of BTC is somehow related to BTC but not that much completely because there are millions of miners through out the world, who are mining and according to which there should be the fluctuation in the valuation of BTC every second but it is not so. The valuation of BTC is mainly depends on the number of investors investing into BTC and the market price, higher the number of investors, higher will be the valuation of BTC. |
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Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
Perhaps I would like to hold BTC in my wallet instead of storing them online. Storing BTC in wallet is rather very secure way of storing unless until you shares your blockchain password with any one and even they provide the right valuation also if you want to buy more from them, so I feel more secure in storing my BTC in wallet because these guyies believes in user anonymity. |
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What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved  As each coin has two sides, BTC having numerous of advantages still possess some negative points that still discourages people from using BTC. There is no such regulating or governing body over it and this made some social evils to misuse it and they use it for terrorism and other illegal activities but once BTC has been centralized, this issue has been sorted and everyone can use it without any fear. |
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No according to me, BTC or any other cryptocurrency could never be hacked because this is that kind of digital currency that checks the user's security first and provides user anonymity and keep every transactions history very confidential, so this BTC could never be hacked unless and until you shares your blockchain password with any one and keep this very confidential. |
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Yes BTC is the future of money and even the BTC is the future of the digital currency and the future of economy and the time is not apart when everyone is asking for BTC in the exchange of their goods and moreover this payment system is itself a source of earning, so who else don't want to use it and make their profits, so yes BTC is the future of money and future of country too. |
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The easiest and fastest way to buy bitcoins instantly with a credit card or debit card is via Indacoin where you can acquire $50 or less of bitcoin fast and usually within 10 minutes. However, you may be new to the entire cryptocurrency concept and for that we recommend you learn a few things. Bitcoin is extremely empowering but also different than the currency you know and use every day. Before you start using Bitcoin, which is still experimental but has been operational without any interruptions for over eight years, there are a few things that you need to know in order to use it securely and avoid common pitfalls. First, Bitcoins are impossible to counterfeit or inflate. Second, you can use them to send or receive any amount of money, with anyone, anywhere in the world, at very low cost. Bitcoin payments are impossible to block, and bitcoin wallets can’t be frozen. Third, with Bitcoin you can directly control the money yourself without going through a third party like a bank or Paypal. Fourth, Bitcoin transactions cannot be reversed or refunded. You should only deal with businesses or people you trust. FifthTo be valid, a Bitcoin transactions must be confirmed at least once but preferrably 6+ times before it has happened and becomes irreversible. Sixth, Bitcoin is not anonymous but there is tumbling. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. Seventh, you can get bitcoins by accepting them as a payment for goods and services or by buying them from a friend or someone near you. You can also buy them directly from an exchange with your bank account. Eighth, there is a growing number of services and merchants accepting Bitcoin  all over the world. You can use Bitcoin to pay them and rate your experience to help honest businesses to gain more visibility. Ninth, the Bitcoin industry is always changing and there are many Bitcoin news services to stay up to date. Tenth, beware of the confusingly similar Bcash, BCH, Bitcoin Cash project.     BTC is an very innovative concept and I suggest everyone should start it because in future it is going to be the necessity to know about cryptocurrency. The speed with which the cryptos are becoming the part of our economy is just that they are now the future of economy. The best way to start BTC is just start taking part in survey campaign, this is the choice when you have no money otherwise just buy it and hold till you feel the profit. |
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I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
BTC is that type of currency where there is no governing body over it and it itself regulates it's transactions and because of no controlling authority over it, some social deflauters tries to misuse it and uses BTC for the illegal activities like terrorism and bribe killing and many more and this is the reason why government has banned cryptocurrency and even they are demotivating people not to use it because they could not put their national security in risk but as soon as BTC will be centralized, this issue will be sorted and then everyone can use BTC without any risk. |
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Which big company will adopt bitcoin first? and why? (Amazon/NetFlix/Facebook/ebay/ etc...)
I guess all the big companies want to use bitcoin as their payment method because BTC is still much popular among people and now we can see the craze among people for cryptos and moreover there is a profit in using BTC as a payment system, once you made payment and till the time when you make another payment in between your BTC Valuation will increase and you can get your profit without doing anything but I guess Netflix will first start to accept bitcoin because of its most expensive shares. |
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