It is probably quite difficult to find and explain the real risk of the use of Blockchain technology in Cryptocurrency. I think all risks are on the user itself, as we know that crypto currency is p2p transactions that free from any institutions or entity in the transactions. So, nothing an authority want to take responsible for any transactions. Therefore, the best way to minimize and anticipate the risks by much reading towards much better understanding about Crypto. The lack comprehension and knowledge about Crypto will be a big problem and cause risks.
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I have never found any sources about an institution protecting the circulation of Bitcooin, but the discussions for making regulations to protects Crypto and bitcoin are take by several financial services authority or the stakeholders. Protecting regulations should probably be made for the pleasure and safe transactions. We know that since bitcoin was created, it has been progressing well. For a decade bitcoin now is mostly recognized by all countries around the world. Let support and make it bigger.
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I think there is nothing impact from global economic crash to Bitcoin price. Bitcoin is decentralized and the price is mostly influenced by the panic selling or coin holder itself. As long as the holders and investor is not becoming panic for this situation, bitcoin price will be on the track. On the contrary, if the holders are influenced by the global economic crash, bitcoin will potentially drop.
So, it doesn't immediately impact or affect to Bitcoin.
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Well a lot of new investors that just started to invest last year now experienced a bitter lost, a lot of them frustrated because their investment decrease more than 50%, but for the early adopter we see a good rising price, although this year got a bit stagnant but bitcoin seems on a good track
The latest or new investors that just started investing in Bitcoin are not on a proper time, they most experienced a bitter lost as you said because since the last of 2017 the movements of bitcoin price is not significantly increase. It is all just about time, it should be appreciated the decision of dealing with bitcoin.
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Most traders are prefer to see the volatility of Bitcoin price since they can make a daily profit. The fact now Bitcoin is showing signs of stagnating in $6000 after several months of tremendous growth such in 2017 which was probably the top price ever of Bitcoin. This causes polemics or questions in the bitcoin users and investors, they all are asking about its existence and future growth. They are probably worried or scared of losing the assets in Bitcoin.
If Bitcoin continuously shows signs of stagnating I think it is good for long term investment and there are many people will stop asking about why bitcoin drops. Thus, it is not suggested to do trading because it is just wasting time.
It is not about good or even worse for future of Crypto because I believe that Crypto and Bitcoin as a part of blockchain technology will keep developing. A decade of the existence of Bitcoin is a proof that is has been well developed. We will see the bigger moment of Bitcoin and Crypto further.
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Ide yang sangat bagus, tapi satu hal yang harus kita tahu gan bahwa pada prinsipnya crypto diciptakan decetralized atau tidak ada sentral entity yang mengontrol perkembangan harga atau bursa pasar crypto. Sehingga ini membuat volatilitas harga melekat dan menjadi ciri-ciri khusus dari mata uang crypto dan bitcoin. Jadi jiak ada kebijakan atau kontrak kerja untuk mengatasi volatilitas harga crypto, maka menurut ane ini akan bertentangan dengan prinsip dasar crypto itu sendiri.
Oleh karena volatilitas harga itulah banyak investor dan pemodal besar yang tertarik untuk bermain di dunia crypto.
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Cyrpto and bitcoin is more than just digital currency. It is associating the technology and financial services offering efficient, simple and transparent transactions. Through what crypto offers a business can be expanded and runs more efficient and simpler probably. Therefore, it should be always supported to be more developed to prepare our child and grandchild deal with this technology.
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I like reading the topic since it is positive for future Crypto currency. We know that a positive news information about cyrpto influence much to the existence of crypto it self. Not only that, it is also influence the price of bitcoin and other major coins. Building up a good and positive news is needed to develop trust and believe rather than just becoming a panic sell that can make the market drop.
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No, they didn't. The tokens are not freely given and distributed to each wallet of bounty participants. Tokens allocated are distributed when the ICO or projects end and for them who followed the rules. There are varieties of ICO, but most of them are not taking in short. All participants should do and stay following the rules as long as the ICO is live otherwise they will not get the remuneration in the end of ICO.
I never think that is not free because the participants should do the given task for a long time period.
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Yeah one of influential factors that can make dropped and increased the Bitcoin price is that new about Bitcoin itself. Therefore, it should be built a positive and good news about bitcoin. News information and panic sell are probably correlated since there will be panic selling if the news of bitcoin is keeping positive.
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I guess you have been into memes on social media platforms and found it funny. Bitcoin won't become a stable coin, just because it is relatively stable at $6,300 - $6,500 it doesn't mean that it will change to a stable coin like USDC, USDT(not anymore).
It was $6,500 few hours ago and now it dips again went low to $6,300 so that answers your question.
It is right that what we see on market about bitcoin price doesn't mean the price is stable because principally Bitcoin and other major Crypto currency are volatile. Thus, do not think that is will be stable in in future. Indeed, for several recent months there is no significant movements of Bitcoin price.
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It looks stable and the movement is very slow. I personally prefer to see bitcoin volatile because I can make daily profit through trading but now it is not good time to do it. It is better to do oather thing than waiting for the increase of bitcoin price.
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Wah bagus sekali inisiatif untuk dapat menciptakan ekosistem mata uang kripto seperti ini, sayangnya ada beberapa hal yang bisa menjadi ganjalan:
1. Regulasi Pemerintah sendiri sudah menyatakan bahwa bitcoin bukanlah alat pembayaran yang sah, sehingga memang tidak bisa digunakan untuk kegiatan jual-beli resmi. Lain halnya dengan aplikasi pembayaran seperti OVO misalnya --meskipun basis penggunanya jauh lebih sedikit-- karena diperbolehkan oleh pemerintah.
2. Biaya transaksi Misalnya harga nasi sayur Rp. 10.000,- dan biaya transaksi Rp. 1.000,- total pengeluaran pembeli sekali makan adalah Rp. 11.000,- nah kalau setiap kali makan harus mengeluarkan uang sebesar Rp. 1.000,- maka tentunya biaya tersebut baru akan terasa.
3. Waktu konfirmasi Menerima pembayaran dengan 0 konfirmasi adalah berisiko. Bisa jadi transaksi baru mendapatkan konfirmasi beberapa hari kemudian atau nyangkut di mempool. Pelanggan tidak mungkin apabila disuruh untuk menunggu 1 konfirmasi karena waktunya sangat fluktuatif.
Namun demikian apabila pembeli dan penjual sudah memiliki hubungan yang erat, tidak masalah menggunakan kripto untuk transaksi antar pribadi, namun saran ane "keep it secret" antar komunitas agar tidak terkena masalah hukum.
Semoga laris!
Benar sekali gan, inisisatif yang harus terus dibangun meskipun akan mendapat tantangan pada proses pelaksanaanya baik secara teknis maupun regulasi. Secara khusus ini akan berdampak positif bagi bitcoin karena kepercayaan terhadap bitcoin secara otomatis akan terus berkembang. Secara regulasi seperti yang sudah disebytkan oleh agan, pada prosesnya ini akan memakan waktu yang cukup lama dalam bertransaksi kecuali kalau peangganya sudah memiliki hubungan atau kepercayaan yang baik terhdapa penjualnya. Yang kedua secara regulasi, ini akan menimbulkan kontroversi bahkan pertanyaan di tengah masyarakat karena secara regulasi pemerintah dan institusi terkait lainnya seperti MUI belum memberikan kepastian hukum yang jelas tentang Bitcoin dan crypto lainya.
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Dari yang saya baca, peluncuran Bkkt akan menicu dan mendorong kenaikan harga Bitcoin kedepannya karena akan ada peningkatan daya beli atau permintaan pasar Bitcoin. Mungkin saja ini akan menjadi tahun yang baik untuk Bitcoin dan crypto lainnya setelah sekian lama stagnan.
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I know that now days many Bitcoin and Crypto users moan about the market, most of listed coin are losing out the value. The movements of the price have a tendency to crack down. Some people say that it is not something new, it is a common because the Bitcoin and Crypto are volatile that makes this different from real currency or fiat. In other hands, people are worried that this is the end of the existence of Crypto currency.
I am not influenced by this market condition. I will not quit crypto currency because I believe that this is a good future. Crypto currency associate the technology with the financial services that what makes it becomes worth and government probably can not create same as it.
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Recently, holding was becoming a good way to earn much profit because most of coins were have good value. It is consider as safe way and not wasting time. It is now becoming a worthless even many coins is losing out the value from the market. It is better to do trading or short investment.
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Remember, this whole thing about crypto is largely decentralized, thus, there is no single authoritative body in control of the crypto market. Although there are few centralized platforms among crypto, the market is largely influenced by the efforts and influence of the users of crypto. How well sellers and buyers treat the coins on the market affect the performance of the market.
You already answered the question by your self. In fact, there are many Bitcoin users or holders do not concern much about it, they even are becoming panic selling when the market is down. This behave is worse and should not be done by coins holders. It is decentralized system that all transaction are pear to pear and the coins values are on they hands.
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Bitcoin and crypto currency will be well developed where internet is also developing because it can not run without internet. Based on I ever read that internet in Africa is rapidly developed since recent decade. It shows 67% from total population of African now are becoming a internet user. Thus, Africa has potential for crypto to grow more and it is probably will be good place for Crypto. It will help African to help and solve the economics problem and poverty.
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I don't think that any political issues and events affect Bitcoin price, as you your self mentioned that it is not control in any entity. Thus, Bitcoin stability is not influenced by any issues about politics. There are many other reasons or factors that can crack down on Bitcoin. Bitcoin has own ecosystem that will never be affected by real situation because it runs on digital and using computing power that government probably will never create as same as Bitcoin.
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Pada dasrnya peraturan dan sistem merit ini sangat baik karena tentu memiliki tujuan yang baik, salah satu contohnya untuk menghindari akun scam atau hanya sekedar mengejar rank tanpa ada kontribusi yang signifikan terhadup forum ini. Akan tetapi, setiap aturan atau kebijakan yang dibuat oleh siapapun pasti timbul pro kontra dan bahkan dilanggar oleh sebagianoknum yang tidak bertanggung jawab.
Hal ini yang sekarang juga terjadi di sistem pemberian merit, meskipun memiliki tujuan yang sanagt baik. Tetapi dirusak oleh sebagian oknum yang memperjual belikan bahkan melakukan transaksi kirim merit sesama teman tanpa melihat kuwalitas postingannya. Jadi seolah-olah sistem dan aturan merit ini tidak efektif lagi. Yang pasti sistem merit ini sangat baik dan saya pribadi sangat mendukung.
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