Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
If the fluctuation will be removed it is pretty much going to be a currency than an investment, because an investment has its value to grow over time but when we say currrency it is a fixed value. There's no more bitcoin, there's no more profit when this happens. Maybe one of the reasons countries ban it because of its fluctuation it is very dangerous and risky specially to those who doesn't know how to handle bitcoin, to the beginners it will be a loss in profit right away. |
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The question arises, however, the golden coin of Bitcoin has passed away because of the big fall in bitcoin in the last few days. The price of this coin was a little lower than $ 11,000, but after a slight improvement in the position, it reached $ 13,000. But, the price was at 20,000. It's not going to go, now it's going to show a lack of buyers. Now, its price has dropped below $ 6000.
Bitcoin prices reach record levels over the past few days. Since then, the price of this currency is 40 percent. At the beginning of this year, the price of this currency was around one thousand dollars. Then we got to see the prices rise. Especially in the last few weeks since November last, jet price has increased in price.
Analysts have already warned people about investing in this currency. Especially due to the price of the last few days, the condition of Bitcoin market has become even more complex.
Meanwhile, Charles Hatter, founder of Cryptocompany's website CryptoPepar, has claimed that after such an unprecedented rise, now a little less is normal because emotional changes have occurred. Moreover, due to the increase in prices, many investors have seen trends in this time, selling bitcoin to make money in the house. And so the price is going to be priced now.
Just like other crypto it has its fluctuations in its value and its pretty much normal. This is a never ending cycle of a cryptobubble and it popped this year. But just like a bubble it will form up again this year just make sure you sell at the right time and you buy at the right time which is now because from $15k to $8k it almost decay a half of its value and it's not that bad since you will get it back sooner you just have to wait. |
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We can not deny the big country with good economy, it will make the society economy better too. So they can follow the economic development and participate in transactions and investments in Bitcoin era. How the people of small countries can participate in participation and benefit from it? It would be very difficult to calculate the statistics of users of each country, but the comparison of Bitcoin ATM growth from this early 2017 report can be the initial reference of the statistics. Perhaps by the end of this year, there will be more Bitcoin ATM growth across the board due to the growing interest in bitcoin this year.  Having bitcoin in the country really benefits the country as a whole because the economic rate will get higher even in the individuals inside a country, the networth will be higher. Also bitcoin has a possibility of getting an investor rich so with this matter they can produce company that offers job to unemployed that will lessen the unemployment rate of a country. So bitcoin has lots if offer to a country, I can't see why countries still need to ban it. |
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With the imposition of crypto currencies a new reality on the international investment scene, the views of international investors varied among the supporters and opponents of the circulation of the most known digital currency "bitcoin" in the middle of the enthusiasm of digital investors to make a quick profit on the one hand and warnings And the fears of experts on the other hand about the bitcoin future trading that may not normally appear in traditional investments.
In view of the movement of the bitcoin, from its inception until now fully aware that we face the possibility of bursting bubble price at any moment, and the reason for the lack of real value of this currency compared to currencies traded in dollars, there are assets behind the currency such as gold or minerals, material as a real estate sector in addition to the absence An organized governmental body for trading this currency.
We can't really say that bitcoin is the future and is going to be the future of currency. The unstable rate of bitcoin makes it so, in order to gain uniformity in terms of currency bitcoin and any other cryptocurrencies must be stable or else we can't really use bitcoin as a currency. Also governments are banning it in various countries all over the world so the extinction for crypto is very near and it is near the verge of dying. But nonetheless let's just take the benefits we can get out of bitcoin while it is still here. |
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I'm pretty new to this, and after researching a bit, I feel like ETH is going places and has far fewer barriers to expansion that BTC. I want to buy and hold some coins, and as of now i'm leaning towards ETH. but I can't ignore the fact that bitcoin seems like top dog still... so convince me to buy BTC instead of eth. Give a reason besides "first movers advantage"  ETH is not really bad investment, in fact it is the second highest rate next to bitcoin. BTC though has the highest rate investment that is out now. Slightly predictable with its graph in rate, and very profitable. If you want to play it safe try ETH but if you want higher profit and same risks you should go with BTC since it is the highest value it also gives you highest profit possible. All in all you can invest into both there's no argument about that. |
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Well what's your guess with regard to the further market's pulse?
That would be a fall? What relative indicators can you see? Nothing. Possible negative news in mass media, no.. people are taught by the previous news fakes like limitations in India..
It would more likely be a growth chain reaction in spite of a little market correction or a big sales..
Anyway what's your opinion?
I think that bitcoin might pull this off even if there's lots of negativities in the media and some might others influenced to quit investing to bitcoin. Yes there's a factor for it to fall but there's still some higher factors to make the rate of bitcoin get back on its track and it's just a matter of time. Just be patient with it and everything will go through as planned. Bitcoin never fails its promise, to give profit and it will fail if you don't trust in it. |
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It is still existing in our country (Philippines) but it is somehow not entertained by the government, like it is not considered as a currency here in our country. Also it is not accepted at some places as a method of payment. But you can freely invest into bitcoin whenever you want but I think it will be banned all over the world soon enough. Some countries did it already and one by one the government is putting an end to bitcoin by putting a wall against it and to the people that they cover.
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Yes they can in my opinion. Since bitcoin is accessed through internet many people can come up for the transaction or the sites to be blocked in the country. Some other countries already banned bitcoin. But they shouldn't do it though because bitcoin might or will help their community to cope up, bitcoin can lessen the poverty rate of a country in this prior matter and it will help their economic status as well.
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Having a job that is in lined with cryptocurrencies is very risky since the value is not stable so you don't get the same rate as your salary. Also having to work with cryptocurrencies is risky since we don't really know till when will it last. Just play it safe and just invest into it not really engaging to it as a job in my opinion. It's still fitting when you have a decent job that will last for a lifetime not with uncertainty because cryptocurrency might die any time.
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You should just invest and buy bitcoins then hold it. Since you are a beginner trading may be difficult because you might lose bit of profit here if you don't know what to do. You can learn in process anyway so it may be fine. Investing will give you profit even if you only exert a little biy of effort doing this. You might get profit in trading also but it needs effort and you have to be mindful with all the deals that you will have in trading.
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We can never know when will bitcoin take back its price from last year. All of these we make are just speculations and risks that we take for we can get a higher value. Since bitcoin went through all of these price drops already and make it pass and even reached $15k last year. In my opinion just risk it because I believe that bitcoin can still pull this off, my opinion though is that it's not this year, this one is going to take even longer than 1 year.
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The tips you said is pretty much what will give you profit in investing into bitcoin. You need to be patient enough because the price of bitcoin is indeed volatile and it's hard to predict whether it will stay at its current price or not, it is forever changing and you need to be mindful of these things on whether to buy or to sell. These things are the basics yet others tend to forget these things out of panic and uncertainty of bitcoin.
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I think Bitcoin can't make it to the future but there's a possibility, we can't really say what will happen in the future of bitcoin but as of now I think it can't make it to like 100 years from now. As we can see the media and almost ever country is against bitcoin and now some countries are banning it too. I say just make the most out of it since bitcoin is a really good investment and you can get loads of profit out of it. Invest at your own risk though because it's kinda risky in terms of rate.
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In my opinion, yes, because for the reason that it is through technology and we have technologies everywhere. There's a little bit of hassle in paying with physical money and it is just getting out of date, we need something new system of paying and transacting. Having to pay with bitcoin is less hassle and fast transacting. But right now they're not accepting bitcoin because the rate of bitcoin is very high and still cannot be accepted as a payment.
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Well all you've said there is all correct from bitcoin's demand, the influence of media to the public down to new technological changes to bitcoin. I'll just add up the bonds that is made by bitcoin and separating this will affect the bitcoin's price for sure because the partnership just got broken. Also the news about banning it in some other countries making its reach limited and just to certain countries, this makes the price lower by some of it. Also the panic sellers who sold their bitcoins out of doubts that bitcoin will never go up after a price drop.
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I think it will still reach an uncertain heights, the price went down because of some reasons like banning it to other countries, the media being negative to it and the panic sellers who just doubted bitcoin and loss their profit have some factors that affect the price. I believe the price will still go up you just have to wait for more years to come since bitcoin is just coming back to gain back its momentum. Also bitcoin is more capable of getting a spot in the future, maybe it will be our future currency.
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Bitcoin's price will never be stable you just need to acquaint someone what to do in certain times like what to do when the price increases and when the price went down. With this, the number of those who panic sell because of the drastic drop of value will decrease. Maybe they will share their experience with bitcoin and acquaint others to invest and this might lead into better understanding into cryptocurrencies specifically to Bitcoin that is very famous but others are saying it is very dangerous.
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Bitcoin is indeed a legit investment and a high profitable one as well. It has a good value rate which gives profit to the investor. There's also a risk in bitcoin it is because of the fluctuations the value makes. But even though the value is not that stable still bitcoin can give you a high profit if you know how to wait. Mining is a really good way of gaining but you need GPUs for this to happen it might be costy but it is the fastest in my opinion. Speculating in the other hand is very strategical but took so long to profit in that way but safe also.
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Expect it for 1-2 years more because it just got the price drop. 2017 was indeed the best year to bitcoin because it went up high with its value. Right now the value is $8k and it is going to be more profitable since it already stabilize to that value and all you have to wait for now is the price hike. I believe in bitcoin and I also agree to those who thinks that the following years the value of bitcoin will increase over time since bitcoin is a good investment for a very long time.
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Bitcoin will surely go up later this year or next year, but to reach $50k is just impossible right now. It is because of the price drop that has happened it went down to $8k which is very hard to say that it will go for $50k in just months. Maybe it can reach that value but it's going to take years more like 10 years for bitcoin to pull that off. Although it is never guaranteed bitcoin will still go up soon and it is still profitable in this manner.
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