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It is good that Facebook changed this negative decision at last. Though majority are scams, not all ICOs are scam and Facebook will be one of the ways of reaching out to the targeted audience and get investors. At least the screening will prevent some fraudulent ICOs.
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As far as I can see, fraud and scam will be the major downsides to cryptocurrency in future. I see fraud reaching a proportion where it will eventually get out of hand. I am judging from the current level of crime which have gone unattended to.
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If you think that bitcoin is a fraud or ponzi scheme and you are not convinced to be a part of it, then you can just step aside and let the people that believe in it invest. Some people called it fraud in the year 2009 and today they are blaming themselves.
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This is quite lovely. 100,000 atm will serve a whole lot of people. People have been asking where to buy bitcoin and now the solution is here. I hope this can be extended to various parts of the world as time goes on. With this, the whole world will know that bitcoin is much alive.
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This is quite interesting. In a matter of time, people will be able to break free from the heavy fee imposed by banks on international fund transfers. Converting cryptocurrency to fiat money still attracts huge fee but there will be a great relief by the time there are enough merchants accepting bitcoin.
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Bitcoin cannot die at all. You will have to stop following all the negative news that are aimed at making you panic and sell your coin so that they can buy cheap from you. You have lost nothing unless you sold your coin at loss, so the best approach is to hold your coin and wait for the right time.
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So many governments of the world hate decentralization because breaks their hold. Government wants to see everything you do with your money and earn tax but this is difficult with cryptocurrency, hence the hatred. They backed up some institutions and scholars to speak negatively about bitcoin but this hasn't changed anything. It is amazing that some countries are already showing good love for cryptocurrency. Germany is an example. Bitcoin cannot die.
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Please bear in mind that exchanges are the target of hackers and they can be successfully attacked, meaning all your coins are gone. You can only leave a very small portion there if you trade regularly. Otherwise, hardware wallet is the choice if you intend to hold your coin for long.
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You can never have rest of mind if you are the kind of bitcoin investor who will wake up every morning and the first thing you do is check bitcoin price. There is risk associated with any kind of investment and I am sure you knew this before you invested, so calm down.
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I only bought once in my country using person to person method. It is someone I know. I sent money to his bank account and he sent bitcoin to my wallet. I have done subsequent transactions on various exchanges using other cryptocurrencies to buy bitcoin and I have never had any issue.
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I don't think that it is impossible for China because they have a very large market share. Their miners mine the largest portion of the bitcoin. Everyone keeps talking about this and I have read it so many times. Can anything be done to reduce this dominance?
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Majority of the things we do in the world are already digital. I don't think there is still a bank that carries paper up and down in other to update customers balances. So many other institutions in Healthcare, transportation etc are already on digital operation. I see cryptocurrency as part of digitalisation.
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I didn't immediately get bothered when bitcoin first dropped in price. I panicked a bit when the price went down further because I had plan to execute a project. After a while decided to cast off it. I have decided not to sell my bitcoin at loss.
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I appreciate your good thoughts of sharing this and I hope people can just change and stop looking for cheap money. That is why, despite torrents of advice, we still find people falling victim of hacking through looking for airdrop everywhere and not following advice.
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A lot of cryptocurrency exchanges are truly not worth being called exchanges. They are simply scam and eliminating this kind of exchanges won't be a bad idea. It doesn't mean that there are not reputable exchanges. Under a well regulated system, only the reputable exchanges will stand.
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Bitcoin and fiat currencies operate in two entirely different settings. While bitcoin operates with decentralization, fiat currency is centralized, so I doubt that banks can directly handle your cryptocurrency wallet. What should be important is buying and changing your bitcoin without any problems.
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