Don't agree with that. Bitcoin has competitors. The problem is that most of them chose the wrong way to try to reach Bitcoin.
So far I have not seen any PoS coin reaching a market cap near to the Bitcoin market cap, or at least remain stable in the market for quite a while, and even then people keep choosing the same path to create new cryptos.
bitcoin definitely has many competitors. Right now the main value of bitcoin is its name, PR value and the size of the community as there are already better coins out there in terms of tech |
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Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?
regulation will allow cryptocurrencies to operate in fully compliant matter, that will mean the large instituional players to put their money in which will results in the market cap increase. |
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Binance had added many more usdt parings. Btc dominance will continue to fall as a result. Meaning there will be no need to hold Btc to trade major coins.
this is a good point, bitcoin as a trading pair against other currencies is one of the reasons people hold bitcoin. But it shouldn't be its main purpose, that's the main issue |
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I seen lots of people are panic and selling and spreading FUD . But based on my experience people who really dare to take risk only won here .
Wise and daring investors are still searching for good potential coins to invest while its really cheap were greedy people are panic and spreading FUD
Finally people who dare to invest bitcoin even when the price of 100$ they created fortune here . Its completely daring and vision not at aall luck . SO if you are having real vision and want to make milestone in life then be here in crypto and support other wise please quit .
people who don't believe in the vision but in the quick profit because the price needs to go up are those who will pay for the profits of those who believe in technology... |
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The thing here is that this is not the first time that Bitcoin got into some stumbling blocks and I know this will never be the last as the cycle is just repeating itself. We already have established the history of Bitcoin...as they always say rejoice when Bitcoin is going down because this is the best opportunity to enter the market and some wild profits. Weeks from now, Bitcoin will be back at $11-12K level and those who bought their Bitcoin at today's rate will be happy for such an enormous return.
Btc started it's journey from 0.009 USD in 2009. We saw a btc collapse in 2014 when it fell back from 1000 to 200 USD and it took three years for btc to touch 19000 USD. I m sure the cycle will repeat itself again, All we need is patience. There are not really cycles in Bitcoin, it is just a pattern that repeats it self over and over, but the time period differ from year to year, so there is no fixed cycles. It goes down for a while and then it turns around and a correction phase follow with a ATH and a sudden dump. This pattern skip some years, so you cannot rely on it to follow a specific cycle. This might be the turning point, but we do not know and that is where the fun starts.  either way, I'm eagerly waiting for that turning point and see how many cheap coins I can get in the meantime. I really enjoy this dip, gives a lot of buying opportunities  |
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
Bitcoin transactions are anonymous. As long as you don't reveal your identity, no one know you are a bitcoin holder. For this purpose you have to buy bitcoin peer to peer from a person you trust. Never use exchanges that force you to verify your identity. sir very well explained but i just want to know 1)through wallet address can government identity the person 2) if someone trying to exchange his crypto currencies into fiat , is government can know about this? Government can know about it if they receive the data from exchange or payment processor. If you're buying the bitcoin with bank transfer for example, it's easy to trace the transaction from your bank account |
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Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
I believe the bitcoin is actually still ran mostly by Asian countries with US regulation still in jeopardy. China, Japan, South Korea are the main players in my opinion for now |
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In a few days, we will be reaching $15000 again. Those who sold dont know the game.
looking back now, it didn't happen. But that's not a problem, we will be there very soon, I'm pretty confident that it will be before this year end, next year new ATH |
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This fact has surprised me too, I knew it was bigger, than some national FIAT currency, but did not think, the 6th already. Hope to see Bitcoin overtake USD as well, in the next couple of years.
I personally do not think that there is any relation of fiat with crytpo currency. To me i think that we can only compare bitcoin to crypto currencies, and still in crypto world bitcoin is in number one and will remain as number one for a long long time. because still investors are interested in bitcoin and still they want to continue investing money in bitcoin. we should be comparing bitcoin to fiat currencies, because they're a status quo that is threatened by bitcoin and other crypto and we need to be able to name exactly why is it so |
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The Crypto World has Witnessed a lot of Ups and Downs (Mostly "Downs" Though) this year 2018. Now we are at a point where most investors percieve to be the best time to invest in Cryptocurrency, but unfortunately the dip has only worsened.
This has left a lot to ponder and a lot of people are starting to ask the question "Is this the end of Cryptocurrency?; especially BITCOIN".
Let Me Have Your Take, What do you think? Leave a comment below.
Cheers
someone who is asking this question, shouldn't be even allowed to post on this forum. Not because of decentralization, but because of the level of knowledge he has. It's just ridiculous |
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I share the same thought,at some point, Bitcoin will grow so much that it will be almost impossible to ignore its influence, at this point, the governments might reach a truce and decide centralize the coi and make it illegal so that it can operate legally. This way, the governments get something off it through taxation, and the Bitcoin users will be protected from extreme dips. It shall all come down to a consensus between the regulating bodies and te Bitcoin users, if an agreement cant be reached then BTC will remain decentralized
you can already see in some countries like Germany, France, Japan etc that they're regulating bitcoin the way that they're not going to default and start banning it. |
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Is it really that hard to prevent hackers from hacking exchanges, wallets and God knows what other methods they use...
I mean how on earth is crypto supposed to flourish if it's so venerable to hackers?
Every month a huge hack happens and totally destroys the crypto image yet again.
At this rate, bitcoin will go to $1 as it gets hacked every day.
Is it possible to take simple precautions to protect against hackers?
For a so called "unhackable" wallet,private key ect, it seems to be a cake walk for any hacker.
Sorry for the rant, it's just irritating to see crypto slowly dying because of hacks.
hacks are becoming parts of everyday lives, not only in crypto. We need to learn to protect ourselves and not leave ourselves vulnerable. Centralized exchanges will become past soon. |
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man seriously? If this will happen you will invest your money. If it this to happen, EVERYONE will put his money in. But how can we know? It can grow to ATH, it can drop even further... |
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we can have 2-layer in mew
even mew doesn't mean you're fully safe, but it's truth that the combination of mew and hardware wallet is as good as it gets. Don't forget to use mew offline though, just download their recent version on github. |
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I ever heard that people choose to quit their job for doing some crypto job. Whether it is trading, mining, or bounty. But I think that's the worst idea. Maybe they think that kind job like that can earn many profit but they doesn't looking at the risk and keep do it. Look at the market, they stay red and it will hard to get profit from investing or trading. GPU price is more expensive as well as a lot of capital to be spent when starting mining. Also Bounty Hunter has bad condition right now with too many SCAM ICO which caused some of them just wasted their time and doesn't earn anything.
How they can earn money for daily need if only depends on the crypto?
well there is nothing wrong to focus fully on crypto, but I don't think it's right to fully rely on bounty for instance, that is a ridiculous thing to do that is getting people under the pressure they can't handle |
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Everyone who purchase the altcoin at higher price are crying now ,Is altcoin become too much risky ?
Maybe yes, first because after a crash, we will become more easily panic than before. That will make the bulls that happen can not last longer. The second is the increasing choice now. Many of the communities choose to pay for new projects to earn more profit. This will certainly have an impact on the growth of the already established altcoin. altcoins have been always very risky to invest in. If you believe in team and think they can deliver, because of bear run it doesn't mean it will affect the team and the project you like. It's all just speculation. |
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Currently, there are a huge number of ICO projects. Of course, we all understand that half of these projects are either Scam or just very weak projects that nobody needs. But now there are at least such projects. What will be in a year, when the ICO every day will be less and less until it reaches the point that one project per month will be released? It is also worth mentioning that the number of participants in the bounty companies is increasing day by day, and the money allocated to the bounty companies are becoming less. Conclusion: the bounty of the company will exist for another year, or a maximum of two. What do you think about this? If anyone agrees with me or if someone wants to do a good deed, then share the merit. I would be very grateful We have no way of knowing if there are going to be more ico and bounty next year or it's going be less than what we've had today, the technology is still young and many companies want to set up their own coins/tokens for their product and services but with so many scam ico today investors are going to shun ico we have yet to see this happening. what I believe is going to happen is that we will see more properly regulated ICOs which will set industry standards. So in future I would expect less genuine ICOs, as it will be harder to launch it and still many fake ones, which will be noncompliant. |
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Some Countries fighting digital currencies like Dutch Central Bank saying bitcoin not sufficiently efficient,
IMF report suggests bitcoin could lower demand for Bank Money,
Karma group filled legal action against crypto exchange HitBTC,
Enforcement directorate ED summons Raj Kundra for $300 millions scam in India.
Though they are a lot of important projects. Let me mention few.
IOTA LAB: an open community project by AKITA launched by IOTA.
Ripple announces University of Blockchain Research initiative (UBRI)
Can we trust the crypto ecosystem?
in terms of technology, I believe the blockchain is proving itself and we can see the proofs on every step. In terms of each projects management, that really depends on project to project basis. |
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I think it can happen nonetheless in an indirect way. Just ban in, let alone if the country is the big country like America. I will help to make market drop again.
you seem to be very confused, crypto is not banned in US. They're only finding the ways how to regulate it, so of course theyre not happy if someone is already doing things without that regulation at place. But that is related to ICOs. You can freely use crypto in US. |
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Bitcoin is as virtual as credit cards and online banking networks that people use every day. Bitcoin can be used for online payments and in real stores, as well as any other kind of money.
it's different, because money on the credit cards refer to fiat money that need to be stored in banks. But the truth is that fiat money is jsut a piece of paper depending on the will of central banks, so it's worth nothing anyway |
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