So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
Because bitcoin is decentralized and no individual could take full control of its power, capitalists and large bank reserves couldn't get profit from it. That is why they hate bitcoin and other decentralized cryptocurrency. Countries who ban cryptocurrencies are lacking knowledge about bitcoin's benefits to their economy. they think it will make their national currency obsolete if they left it operating in their country. |
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Actually this is true, most tokens have no value but I think it will happen in the future not now. Most are in bubble, because majority of people buy them at the beginning without any success.
Yeah, most of the tokens do have a least value or price because it is distributed to just on well known coin like bitcoin, ethereum, ripple etc. but i guess no coin will not go end up crashing to zero because there is a lot of possibility like most of the ICO's now, they are aiming for a great and long lasting project to get useful in the future. There is a huge chance for a coin to have a high value if it will going to have its own blockchain. |
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I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin
Digitally it is old and outdated because it is created years ago but the appearance of it in the world and the adaptization for the new advancements in technology is new and just the beginning of our future. Bitcoin is not only the cryptocurrency that is running on decentralized system on blockchain, so any coin could replace bitcoin just so happen that bitcoin do have a lot of investors and users given the fact that is the most flexible coin. |
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It is very sad to say that a technology like this would come to a big tragedy
Bitcoin has the potential to be great but it has become a weapon of Greed
The real use of bitcoin as a payment system is just a fantasy
But what happens in reality, it is just a pump and dump coin like the rest
A currency is something that can be used for daily basis rather than just an investment
majority of people who buy bitcoin is just for investment and not used as a payment itself
Never the less
HAIL HYDRA!
You know why bitcoin is not adapted by many countries because of so much price of it? its not just a pump and dump coin, just so happen that investors and users are wise enough to cut their future loss or ride with the highness of bitcoin. Now talking about bitcoin being an investment or cryptocurrency ? Technically its a currency, price variation made it as an speculative investment so being a investment or cryptocurrency ain't big deal. |
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...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.
this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.
successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.
Annually the amount of computer literate people in the whole world increases. Who said bitcoin would fail because 60% of people are still have no access to computers or not well-versed in the computer world? Every year we are one step to progression, We can't say bitcoin would fail just because the amount of people who uses computers is still relatively low. |
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So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
The primary reason as to why certain banks and private establishments prohibit the use of bitcoin is because with the introduction of bitcoin, this also means another competition in their system which will make it harder for them to harbor users and customers given the fact that bitcoin is a formidable contender but i guess the great move for banks is to adapt the blockchain technology where bitcoin is running. |
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The future of cryptocurrencies depends solely on the cryptos themselves, if the tech and algorithm isn't a good one then it obviously won't stand the test of time.
I think the future of bitcoin will depend to people who have trust on it or the people who invested on bitcoin. Furthermore, most of the people believes that bitcoin and all cryptocurrencies will have great future and I also believe to that because they to continue to develop it. Lastly, I think in the near future cryptocurrency will become one of our money. There shouldn't be a big issue for all we know to which crypyocurremcies in the market are the best. As long as they are at the top 4 they will be great cryptocurrencies, that's for sure. After all, the cryptourrency industry is like a big community that has a common goal: to digitize and innovate the currency system the world has right now. That's why it shouldn't be a big issue, at least for me. |
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A lot of projects can be found now, but most of them are false. IF you are interested in promising projects, then pay attention to REMME. The project has a good future in this area and is very promising.
Nowadays it's really hard to find good project especially that the market is not improving as well. If I will be ask, I would rather invest my money on coin that is already traded as they have more chance to grow. ICOs have become a huge trend in the crypyocurrency industry nowadays To which I reply that it heavily depends on whether the ICO is not a fraud. If it is then you'll have a bad time. But if it isn't there shouldn't be much to think of because there are lots of promising and trusted ICO. You never know new coin from ICO will be the next bitcoin   |
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I agree with that crypto will replace fiat money but i think it is too long for that it will happen, with crypto business transaction will be faster ever through online and no corruption will be made with this because there is no government officials involve.
But it takes a very long time and must be balanced with the construction of infrastructure facilities to facilitate bitcoin transactions that are highly dependent with internet connection. The important note is, it will be realized if the legality of cryptocurrency has been fully recognized, although every government has a chance to make their own cryptocurrency. In theory, it would really come to a happening wherein bitcoin and other big crypyocurrencies will dominate not only the investment world but most especially the currency industry as well. After all, fiat currency is getting pretty outdated in the coming of days and bitcoin continues to improve as a coin and as an asset. That's why I believe that it could be a big possibility. |
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 if this is true..then its good news for those whose economy is struggling to survive and in the midst of crisis, just hoping that by adapting or embracing this kind of system or technology they maybe able to help those people to assist in them to find ways to surpass those crisis or perhaps create their own coin which way is possible. Well the economy starts with the people inside. If those people are capable of sustaining their needs then they can contribute much into the economic status of their country, family or etc. Bitcoin can open a job offers from the government if they accept bitcoin. This will lead into lesser unemployment rate of a country that makes it good for the country to increase its economic status as well. If bitcoin continues in the future then we might as well have a future that is filled with crypto and is a world without hardships in where to gain profit. |
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China people think gold and silver investment will gain more. Because it is in front of their eyes, they can touch. Cryptocurrency investment can not be touch. here have the mind to believe . I think bitcoin investment will be the most beneficial from gold and silver.
We can-t really blame them, they're doing every means necessary to make their currency powerful even resorting to encouraging its citizens to invest on hold and silver. Well, nit only is it inefficient, it is also uninteresting right now. This era of youth doesn't want riches anymore, what people want more is experience. That's why there has been a huge decline in the prices of precious gems and metals. On the other hand, bitcoin is continuing to flourish. |
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There were numerous reasons to be considered when we talk about the current failing state of the market of cryptocurrencies. But the lost obvious reasons for this is the bombarding of issues left and right, at bitcoin and other established cryptocurrencies in the industry. People lose faith as a result and brings about a price decrease on the coin and a decline in the market. |
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Maybe, anything is possible for that coin which will be crown such coin must provide exceptional tech that will make such coin deem fit to be crown the first crypto.
There is a huge possibility of a cryptocurrency taking over the market. After all, there is a fair competition in between every cryptocurrency in the market. If a coin so great and better than bitcoin would exist and be available for the public, then it would undoubtly be heavily crowdfunded and obviously become bigger than bitcoin itself. But for now we don't see any in the near future. |
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I think that's not a failure, but I think it's a bitcoin double functionality that can act as a currency to make payments, and can also be used as an investment vehicle because the price has experienced significant increases over time.
in other words, bitcoin is a currency that can be made into a means of payment, and can also be used as a means of storage of wealth.
I agree on this, It did not failed currency. It is far different, bitcoin just needs support and the media is against it so they will influence all to turn their backs since the price drop is happening they're taking advantage from it. Bitcoin is so underrated and ignored by the government, they didn't knew that this can lead into progress and the future of our currency not just the hassle type of currency which is the paper money. Bitcoin will definitely make it to the long term part, the rate is just declining but I know bitcoin will pull this off. |
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You may have already tried many options: Capital Markets, Investment Funds, government investments, etc. What about investing in Bitcoin through digital media? Is it worth getting a loan to deposit to bitcoin? The virtual currency has recently been used in many industries as an extremely popular and main payment system. This article is intended to answer the most frequently asked question on this subject: is it worth investing in Bitcoin or is it logical? After reading the following information, you can find an answer to this question, even though it is not exactly a bit.
What Is Bitcoin?
Bitcoin (BTC) is a type of electronic currency, also known as Crypto money, developed by people and companies around the world. The thing to know about Crypto money is that it doesn't have a physical form. Bitcoin is not controlled by anyone or anything else (institution, etc.); however, except for all users who buy or sell.
What Are The Advantages Of Bitcoin?
There may be a way to make money – you have a high chance of losing money at the same time, so you need to know how the system works.
You can only purchase certain products and services using Bitcoin.
It's all over the world.
The system is transparent and neutral, so it can't be changed by anyone.
Payments can be made 24 hours a day, 7 days a week, because Bitcoin is not in any way related to banks.
Can I lose money?
Answer Yes, you can lose money when investing in bitcoin. That's why you're not so sure about the chances of winning, especially if you get a loan for this purpose. You can lose money in a very short period of time, as the Bitcoin price fluctuates frequently. The system is not pyramidal and is based on your ability to analyze time-bound fluctuations. You have to understand how it works and invest at the most appropriate time. If you don't, you risk losing a lot of money. This is especially true when investors are trying to make a decision.
Is the Bitcoin price too fluctuating?
Yeah, the price fluctuates. Investing in bitcoin is risky. The crypto market is very volatile. One year bitcoin may cost a few dollars, the next month may cost a thousand dollars, and after a while it may fall to the first amount. If you are an active investor, you can make big gains by making monthly purchases and selling Bitcoin. It should be noted that these investments can be taxed, just like all other investments, and your earnings will be taxed according to the state in which you reside. How to calculate the profit depends on the statement of income. Currently, bitcoin and other krypto currencies are not taxed in Turkey. However, according to government officials, there will be efforts to establish the legal basis in the near future.
The fluctuating value is what makes it a good investment, It can take you into different ranges of value all you have to do is to act according to the behavior of its value so that you will not lose any money just like you said. Bitcoin is for those people who are open minded to investments and for those people who can wait and have the discipline to save their money. |
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Well, maybe. they could someday, when the legislation Battle is finished and there is nothing much they can do about the existence of BTC, Then they might just consider including Bitcoin in their deposits list, something that im seeing happen very soon
Maybe now the bank will not do the offering of bank deposits using bitcoin, because they are not yet recognizing it, but I hope soon the bank will do accept it as an opening. Sure, banks being partnered up with bitcoin would seem good on both sides since it will boost both services' popularity in people. However, I don't see it happening any day. To ge able to secure a partnership between two companies, both must have their representatives, usually their heads to have an agreement and. In bitcoin's case however, since it is a decentralized cryptocurrenvy and no one has a central hold of its power, the two can't make an agreement. |
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I told you so - many times in here. It was a bubble, and you should get the hell out of BTC.
The responses in here were mainly hysteric screaming of "FUD".
It is now clear from more and more posts in here that people who came late to the bubble-party are in losses on their Bitcoins. Well, told you so.
This is not the time to HODL. The party is over. Your choice is whether to sell now and take a loss, or wait until you have lost everything.
Not really if you know how to predict then you will get out of the dangers that bitcoin will offer which is the income and profit loss. Maybe right now it just went down but soon enough it will grow it has been just months you shouldn't freak out just because the price went down. This is what makes you lose profit and what makes you think that bitcoin is a bad investment. Learn to know when to sell and when to buy for you to avoid this pop of the bubble. |
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1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
I totally agree with this list you made. I think buying bitcoin shouldn't be subjective, buy bitcoin according to the behavior it makes because buying at the wrong time might ruin and might make your wait a little longer than what you expect. I think having a safe wallet will secure everything. If can't then you should split your funds to different wallets so that if one might get hacked then you still have other wallets that is already filled by a portion of your fund. |
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seriously? you are putting your faith in governments? for all we know, they are the one who put their people in that situation, poor people is a sign of poor governance, bitcoin cannot reverse this status quo but may help in some ways like donations from big holders and rich traders in bitcoins, even small time traders can help by donating bitcoins or fiats. there are some sites that accepts bitcoin donations like bitgiv.com
We have the same reaction, LOL. Government will never help us instead they will be more eager to grab/corrupt peoples money just because of their selfishness. Well it starts off with every bits of us. In the community we have people and in order to get economically better it is needed for all to have atleast a job to contribute in a country by paying taxes to have a better country and also an economically competent one. Many of people right now don't get jobs because they don't finish their education but with BTC you don't need to attain something you just need to learn simple things and basics about it and you are good to go and to have a job connected to it. |
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