As per my knowledge, Some investors invest in bitcoin when the price reach to 20,000$ but now price is hardly more than 10000$.
Should they loose their money?
But still investors are invest in why ?
They believe that the losses are temporary and given the time, bitcoin will increase in value again. That should be the mindset pf bitcoin investors, they shouldn't be afraid of price losses and take those as opportunities to buy more coins and profit bigger later on. They shouldn't think of it as "decreases" but rather as "discounts". |
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Before this time, almost Korean investors really worried about new tax policy for cryptocurrency. That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug. But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors. Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period. http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=023&aid=0003382087&sid1=001&lfrom=kakaoIn conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN! Apart from this, they will also make their very own centralized cryptocurrency. That will be regulated by their country's economic sector. Rumors say that the coin will be called "S coin" and they plan to develop it to the point that it can be used for micro-transactions, much like what bitcoin is originally intended to be, except it is primarily enclosed in their country. |
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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?
They are not scared of bitcoin, they are scared of illegal organizations and crime entities abusing bitcoin's anonymity and privacy features, eventually leading in a crisis in the said country. That's why most countries take all important and needed measures to ensure that bitcoin is free of criminals in their country while making it still a viable investment method. While some countries just completely ban the use. |
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Because bitcoin is still not legal all over the world. The reason behind it is the different flaws that bitcoin still face right now and one of it is its decentralized market which gives its users an anonymous transactions that is also being abused by some by using it in illegal ways. Second is its unstable price, because we now that the bitcoin's price really changes drastically unlike the accepted currencies that only changes a bit.
Nobody said it is a legitimate currency to begin with. Even the developers of bitcoin after satoshi nakamoto admitted that they couldn't make bitcoin capable of serving the main purpose it was made to begin with. If you're talking about the future however, then there's still a lot of time. We can't claim things too early as even a decade is enough for bitcoin to reach 20,000$. |
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I think it is really common, not all the times it will goes up,
there are some circumstances that part of the process and cannot be avoided, instead of being worried just stay calm.
More than this, people should be well informed of what measures could they take in order to help the cryptocurrency get back on its feet while making sure they are to profit at the same time. Most of all, make sure that the measures that they will take were completely legal and of big significance not only to them but to the cryptocurrency as well. |
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in my country pum also experienced the same thing, the government and banks prohibit everyone to ban bitcoin as a legal buying and selling tool, Perhaps the government will reconsider when knowing how many people are against his decision.
I think Maybe they have strong evidence about illegal activity or transactions in Bitcoin and they do not want your country involved. and for whatever reason your State has, you can do nothing but obey. and hope that one day they will not ban Bitcoin anymore. Maybe your country received a lot of negative feedback about Bitcoin and they just protect every citizen in it. Look at every angle, why is bitcoin banned in the country, what would be the results and consequences of these prohibition to the country's economy and the quality of life for the users, will there be a way for affected people to gain back their investments or are they gone forever? Ask and observe first before taking action, this way, you will be enlightened and informed of all the important things and stuffs about the ban. |
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Both forms of investment have risks.
At the bank there is the Deposit Protection Fund, this is worth nothing if the banks remain closed in a crash. Nobody can then take off from his account to buy food, for example.
In such a case, you can do more with Bitcoin on his phone.
However, the Bitcoin is very volatile and therefore not well suited as an investment.
Therefore, you should be broad and have something of every investment.
In a simple concept bitcoin is far more risky to invest on than banks, Because banks are intended to store and secure their clients wealth while bitcoin is a cryptocurrency. All in all, the risk it takes for bitcoin is easily paid off by the huge amount of potential profits users could gain investing in it. That's why even though bitcoin is far more risky, people still think it is better. |
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Only time will tell if there will be any other altcoins that can overtake Bitcoin in the nearest future. As for me, i don't believe that any alternative crypto currency will be able to replace Bitcoin.
As of now it is evident that bitcoin is dominating the whole cryptocurrency industry. It has been the number one coin in the market for a very long time and it shows no signs of stopping despite the price decreases it has been receiving this year. However, this does not mean that bitcoin would be the number one coin forever. As there are a lot of uncertainties in this industry. |
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I didnt knew doge were made for fun, but it is beauty, small fees are assured with doge due to its low value, we can moove milions with small fee, something bitcoin were supost to do as well. Besides those doge is one of the best coins to trade because due to its low value we can proofit with 1 satoshis up, its insane one of the best coins for trading.
DogeCoin being a laughingstock of the industry because it's a parody coin, has shown nice price charts and growtgs right now. More than being uncapped, there are other striking features this coin has to offer from its investors like being cheap and has a stable rate than most cryptocurrency right now. That's why I think dogecoin will have a good future in the coming days when tge industry prevails. |
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I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?
If you really believe to a specific coins you may choose few. But its better to hold more as long as you can monitor those coin or you can mange it, keep that in mind that tou may choose a coin that has a big potential to pump. Make your own research about the coins before investing. For me, I think having less altcoins available will do better than having too many altcoins in the market. This will ensure that the industry is not saturated and therefore it will not be stripped off of value. Having less yet strong crypyocurrencies is better than having many coins that are only good for a year or less. And having less altcoins in the market means more profits for the investors. |
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please be advised maybe people who easily panic using emergency money for trading and still do not know how good and correct trading, that's why bitcoin education is very important.
It is a very serious concern in the industry to be honest. The sudden surge of investors last few months that are driven by the price increase last year. They really aren't helping the industry anyhow. If anything, their cowardice and lack of decisiveness leads to bitcoin suffering worst price decreases right now. I hope that next year, upcoming investors are more knowledgeable and wary of the functuins if this industry so things like this would not happen anymore. |
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People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
i think china can not controlling bitcoin and impossible to control it the china is a big country and big percentage if the bitcoin ban in china the value of bitcoin is down to low. Just because China holds a large amount if bitcoin miming facilities in their territory doesn't meant gey are directly co trolling the price and even so the power of bitcoin. The power they have with bitcoin is the same as ours only. And that is being able to become a part of the increase or decrease i bitcoin's overall value. After all, bitcoin is most known as a cryptocurrency with a decentralized nature which makes it impossible for this country to milk money from bitcoin. |
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All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.
Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.
Let's continue then our path towards inevitable triumph.
This is already concluded that Bitcoin is very stable and strong on these years of 2016 and 2017 in which no Altcoins have successfully supersede it during this time but now this 2018 in which Bitcoin will now be tested again as this year current performance is average low and almost reach the $6,000 from ATH of 19,800. Most people are now afraid to join the investment because instead of it will be an opportunity to buy at cheaper price it now makes people to confused and afraid to join thinking that they might lose their money. Therefore let's wait and see again of what will going to happen next. Although as of now, bitcoin has virtually no competitors that could equal the said cryptocurrency in terms of power and value, we can't really tell whether this would go on for as long as the industry is alive. But don't fret though, because bitcoin being replaced by another cryptocurrency in its number one spot is mot a bad thing but instead an indication that there is a healthy competition in the industry. |
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Hi guys I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down  But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure  1. Download latest BTC client 2. move to a pc not connected to the internet. 3. Create an address on that PC without internet. 4. Send fund to address created on PC with no internet access. 5. Save keys in safe place  Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ? Sorry if my question has been covered many times, but I just don't want to make a big mistake. Thanks Rick There are bitcoin wallets, both that comes in software and hardware variations which provides their own advantages and disadvantages. Trezor and Exodus are very cheap wallets that doesn't need registration or verification so anonymity is never an issue. But your investments are pretty much gone forever if you forgot your credentials. We have different wallets that we cant use. And the best way to store our bitcoin was put it there. What we need to do to become our bitcoin safe was never forget our private keys or anything that was connected to our wallet so that we can easily recover it. The safety of our bitcoin was depends on us on how careful we are on things like this. There are bitcoin wallets, both that comes in software and hardware variations which provides their own advantages and disadvantages. Trezor and Exodus are very cheap wallets that doesn't need registration or verification so anonymity is never an issue. But your investments are pretty much gone forever if you forgot your credentials. |
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Sometimes i read stuff in this forum, so ridiculous but completely wrong, what so many people think, because they simply have a very small portion of awareness how the world works and only do quick assumptions on few information
Thinking Bitcoin will help developing Countries is absolutely wrong, situation for developing countries might even get worse.
firstly: mining Bitcoin is happening mostly in developd countries and in developing countries where there are already electricity shortages the mining of bitcoin makes it even worse, leading to higher expenses for electricity which is needed there for educating children, or building schools.
secondly:
Bitcoin increases costs for electricity in the developed world which then makes prices higher for the industrial production of investment goods like machines for farming and many moore, which the people in the developing countries need to develop their country.
thirdly:
Bitcoin changes what the youth in the developed world is doing where bitcoin and cryptocurrencies are more likely to be created mined and earned towards not developing poor countries but now towards fullfilling the greed of those that are running the mining and crypto infrastructure.
Lambo memes are a very good example of that. it represents the greed the pump and dump schemes
and much more.
these crazy falacities come from a curse of life, which comes from the need to do decisions and asumptions based on very few information.
but you know what the biggest joke of all this is?
the people in the developing countries can't do anything about that, they have to accept that.
regards
That's the reaskn why some third- world countries ban the operation of bitcoin in their country specifically bitcoin mining. I don't see actually why they do so because mining isn't a very rewarding method to earn after all, there are other ways to earn bitcoin's which are relatively easier to do and are cheaper unlike mining which is very expensive and complex for the common people to do. |
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I was just so curios since i am new also with cryptocurrency and i wonder as i read too many threads about getting good rewards from bounty campaigns like signature campaigns that receive BTC weekly or monthly and as i checked bitcoin market price today relatively so expensive. Many are great these are with the accordance basing on what i have read. Well maybe those people are fraud as i had began to join this system i dont feel there is great in it like getting a good reward instead i feel that this is just like a work that you need to perform in order for you to gain. Is there any fast and easy money here in cryptocurrency?
The common misconception a newbie has over cryptocurrency investment is that cryptocurrency investing means easy money. To which I oppose because you have to be patient and supportive of the coin you invested on to gain desirable amounts of profits. Without these two things, you wouldn't gain anything in this industry. To sum it all up, crypyocurrency investment is just like any other job out there where you need to put effort to gain rewards. |
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It is not a hidden fact from us investors and enthusiasts that the ever-changing tides of the market makes it hard for some coins to thrive. I think it is just fine as incompetent and dying cryptocurrencies will give way for better cryptos to come. If this does happen to bitcoin, which is not impossible considering how mediocre at best the said cryptocurrency is. This would mean that a better crypyocurremcy would be up for the rise. At first this may seem scary but in a few months or years people will see the difference.
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All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.
Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.
Let's continue then our path towards inevitable triumph.
If this does happens then thank developers, for they are the ones that did an awesome job updating bitcoin every so often to provide us users and investors the best and nothing but the best services. However, even if bitcoin seems to be rooted i the number one spot, if a better cryptocurrency comes along and is given enough crowdfunding, then there will be a competition for bitcoin, so you shouldn't rest easy knowing that any day, the coin that could equal bitcoin may rise. |
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Bitcoin is the leading coin of the market. What you think about the future of bitcoin and others coin?
As of now bitcoin remains in the top number 1 of the market. And it has been like this for a good number of years. Almost seemingly it has been rupted to its spot because none if the existing crypyocurrencies right now could equal the said coin. However, there are still lots of possibilities in this industry. There could be a big coin on the rise which would be able to overthrow bitcoin for all we know. We just have to stay faithful and supportive in the industry. |
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Hi guys I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure 1. Download latest BTC client 2. move to a pc not connected to the internet. 3. Create an address on that PC without internet. 4. Send fund to address created on PC with no internet access. 5. Save keys in safe place Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ? Sorry if my question has been covered many times, but I just don't want to make a big mistake. Thanks Rick Best cryptocurrency wallets that are available are of the hardware variety. They provide maximum protection as they are most of the time encrypted in your hard disk. Ledger Nano S is one of the big names when it comes to securing coins via hardware wallets as it is very efficient and reliable. And, on top of that, cheap. Which makes it a very big option for when you choose to buy a wallet. |
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