Latest posts of: tunapa

Bitcoin is number 1 and will remain so because it was first to be created and lead to the inspiration which brought about other altcoins with the use of blockchain technology. Bitcoin will remain as Store of value,
Services in addition to simple money transfer, Convenience , Security, Investment, Safe transfer speed and Privacy.

I have so much hope in Bitcoin, not minding whatever is happening to it presently. The media is playing a huge role in the ups and downs of this present moment as always. The whales are also doing some manipulations to the market. But we all know that this feat achieved by Bitcoin is huge and bubble saying of it is just a trick to paint it bad. Real investors are not affected by that because they know what the have invested into. The rise is coming very soon.

I don't think banks are banning bitcoin or cryptocurrency. Bitcoin is built to bring improvement to the banking service and and make transactions fast , swift and easier. This is not a reason for banks to ban it. For banks to use cryptocurrency, I think this is merely a dream. Instead, they would rather create their own cryptocurrency and use it. No harm is aimed, but the banking system is a solid ancient system that can never be broken.

I think the reason for this is because of the regulation that is going on in the crypto space, so many people are afraid because they don't know if the bubble will burst or not. So many people panic sell and dump even at loss. And also the media contributes to it by creating FUD with either real or fake news, this is simply why the red days are more than the green days. But a wise investor will buy at every major dip.

I think you are right, maybe very soon we will have something like that. This is one of the things that is really affecting cryptocurrency. Liable to hacking , losing funds and the likes. For example, a friend of mine did some trials by quessing some number of ETH address and one of the trials gave a whale wallet with so many ether in it. This is just a simple trial, how much more in advanced way. I hope we can get more security in cryptocurrency to keep our wallets and funds safe. This will really boost the crypto space and bring in more investors.

There is possibility that bitcoin could replace the banking system. But this will only happen if all seemingly problems and battles are won. Bitcoin needs major perfection before it can replace the banking system. It has some advantages that will really help it , but some defects also needs to be taken care of like transactions fee, major reduction in the value, wallet safety to avoid hacking and so on. If all this can be solved, then maybe it could be considered as a new banking system.

There are many ways to keep your 24 word phrase secure to avoid hacking and it depends on whichever one suits the individual. But I would prefer to get it saved in different by partitions, e.g divide the words into 3-4-5 places either evenly or oddly and then keep them safe in different locations. A location I would prefer is to have different emails which I don't use for any other thing online and save them their in different others. E.g let's say your word phrase is 24, and you divide it into 6 places which is 4-4-4-4-4-4.
Now get emails : Yahoo mail, gmail, hotmail and co and send each 4 words alternately and make sure no mail has more than two phrase slot. With this, your wallet is free of hacking.

This method seems stressful but its really worth it. You have access to your wallet anywhere you go in the world in as much as you keep the passwords to the emails safe and different.

Am sure the government is fully aware of the blockchain technology, this technology was used to create Bitcoin by Satoshi Nakamoto. Some country government are already planning on using the technology to advance economy standard and make life easier for citizens. However full legalization and adoption of Bitcoin by the government is really possible but it will sure take a while. Somehow the Bitcoin is in struggle to replace Fiat and this is a very big battle. Maybe the government needs to be true and see how this technology can transform every aspect of governance ,then they can probably give massive recognition to Bitcoin.

This is somewhat possible but I don't think banks can accept Bitcoin deposit. Its really going to affect fiat and might lead to crashing of it. banks are on a journey to battle Bitcoin and win. Accepting Bitcoin in banks is really not a thing to think of but might possibly happen in future .

This is nothing to really worry about. The blockchain movement is something that everyone does not want to miss out on as they are aware of it's power and advantages. It has a standard and can only be modified for better usage to deliver productivity. So we shouldnt be afraid of this because change and improvement are constant.

Trading is about buying and selling. While some people are buying, some are selling. People buy or sell for different reason best known to them. This action happens to all tradable tokens on exchanges and causes the increase or decrease in price of a token. So its not a bad thing to sell or buy Bitcoin or any token and it shouldn't be painted as such.

I think quite some project are raised just to rip people off of their money. Unfortunately no one knows which is scam or not until after it happens. This is why some project or bounty campaigns fail. if a system is set up that will scrutinize upcoming projects and verify their genuineness, this will really help the crypto space. I think this is part of what the SEC is trying to do.

Its evident that its worrysome as the crypto space is faced with regulations and scrutiny by the SEC. The need for this is to curtail scams and loss of investment by investors. The government are aware of the importance of blockchain technology and cryptocurrency. Its evident that this technology is going to take over the world., should incase bitcoins dies, the technology is never ending.

I am confident that Bitcoin will triumph over all its enemies. Its a feeling when you miss out or refuse to invest in a project because you think it won't be successful and then it turns out to be great. There is nothing such person can do rather than accept it and join the train. Bitcoin is here to stay.

This is really a long journey for bitcoin, the world power knows what bitcoin is and i don't think they can allow it to overpower fiat. There is no control over bitcoin unlike fiat, nevertheless, bitcoin will still be generally accepted.

I do not think FUD can destroy bitcoin at this stage of its journey. It can only cause drop in price. Most times , some people just spread this fud to cause the price to drop so they can buy cheap.

Volatility is common to all trading instruments, I dont think that should be an isolated issue to be hammered on bitcoin alone. Every investment has it's risk and every investor should know this as well as know why they are investing into it. The value doesn't depreciate even with volatility so investors should jot be bothered about it.