Your thought is right. You are comparing with fiat money. Think of digital transaction. There might be a solution for this decimal.
Agreed. But most people don't even consider using another form of payment for purchasing than their local currency. They use a card most of the time, they know a price they are paying, that's all they care to know. How do you get someone to stop using something that works just fine already? Fiat currency for every day transactions isn't broken, that's why people aren't interested in "a fix". Fiat currency for larger transactions - wire transfers, purchases greater than $1000, cross border payments - is broken. This is where we can start to drive adoption. Think about how many migrant works wire money to their families in a home country and how much that costs and how long it takes for those transactions to clear, that's where we can really make a difference using bitcoin. We need to get those people to use bitcoin next! Very good post, and this changes my perception on the adoption of bitcoin And crypto. I have always thought there needs to be adoption by merchants and buyers but it is the adoption of transferring funds where crypto can hurt fiat. The issue to consider is governments and banks can only regulate the entry and exit to and from crypto so transfers could suffer from taxation because without anyway to buy goods with crypto the only options are liquidate or hold. |
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Yes i agree it certainly is good news.
10 ATM's seems a lot but pefsonally I wouldnt know.
Its interesting though that the government are staying passive and allowing
them to be installed and so many concentrated in a small area.
On the fees, if you believe in the longterm outlook or bitcoin's value rising
the fees would be irrelevant IMO. Im sure the store owners or metro authorities
are charging some sort of rent or fee fir them to be installed so someone has to
pay for that, the customer!
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I too was one of those skeptics. When my brother told me about it ariund 2010/2011
I realky thought it was a fad and something for computer geeks and gamers.
Now im a computer geek and into crypto. I have stopped telling people about crypto
because I am tired of defending it against people who are too ignorant of it to realise
the benefits.
I have been told it a "pyramid scheme" and a "bubble" and "that wont last".
I also think that some of the people today who are negative towards crypto will eventually
Turn positive and kick themselves for their negativity.
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Still a lot of doubt about litecoin around despite the fact it out performed bitcoin in 2017. Its value could be linked to bitcoin but it is making its own way in the world of crypto and seems to be looking to establish itself more in what it was designed for, payments and the Development team are very active in pushing the project forward and making new connections> https://ambcrypto.com/litecoin-ltcs-acceptance-surfair-announcement-makes-room-for-speculations/This from satoshilite on twitter: On the heels of @TapJets accepting Litecoin, I just got confirmation that
@SurfAir is also accepting LTC now in addition to BTC and ETH. More info on this next week! 🚀 More
places to #PayWithLitecoin.Also retweeted by satoshilite VRPorn.com is happy to announce that we are now accepting Litecoin. The future of #cryptocurrency
in both the adult and VR industries is very bright. For other litecoin news i posted > https://bitcointalk.org/index.php?topic=2924540.msg39086033#msg39086033 |
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Unfortunately after investing in bitcoin and crypto i think a low of newcomers
take a step into crypto scams without knowing until its too late, the lure of that
unbelievable offer can be too much to a lot of newbies.
This happened to me with a HYIP site. I got sucked in to an investment scheme
before knowing about what a HYIP was shortly after getting into bitcoin.
I shortly found out about them here on BCT thanks to the community.
My advice to newcomers to crypto would be to research "bitcoin and crypto scams"
on google and this will provide ample reading.
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Litecoin isnt going anywhere, its a solid project paving its own path with an ongoing development Team looking to move the project forward and well worth getting into. Recent news has it that it has been added to another exchange in Argentina which is the largest crypto country in south america. Its a country open to new technologies as stated in this report > https://www.newsbtc.com/2018/05/31/litecoin-ltc-price-analysis-may-31-2018/Litecoin has also been added to the ABRA wallet > https://www.abra.com/"Abra is the only global cryptocurrency app that allows you to buy, store, and invest in 25
cryptocurrencies in one place - with the security you need. Fund your mobile wallet with
fiat or bitcoin. Then invest in bitcoin, ethereum, ripple, bitcoin cash, litecoin, dash,
and many more cryptocurrencies - instantly." |
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Payment has been made for Payout 30 May
4aff1e385d4ef8edf9389b73dfc7bbe96bfdff1a4eeb65603de0204ad02790f1
Opening spot :
1 for Senior !
Several spot for full member !
Payment received, thank you very much. |
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Good op!
Crypto investments create an opportunity for everyone to participate, not just the
wealthy. Unlike traditional investments in stock markets there is no minimum entry
value and very low fees to get into crypto so the less well off can try and make a
better life.
The negative point IMO is that people from a less well off background may not have
the financial or technical knowledge to make the step into "investing".
I have been wondering how many people in the future will spread their new found
wealth with the less well off? I fiqure it is easy now to talk about the good which can
be done by spreading wealth but when that wealth has been achieved it could be
difficult to "share". That is of course if crypto delivers what so many are here for . . .
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Just in case you haven't notice people who are posting threads about negativity are members who have ranks "Members" and below it. This gives us a clue that they are just new people who just have entered in the market because of the recent buzz it created by Bitcoin and other cryptocurrencies on their past rally on December. Of course right now we are in a bear market and they don't know what to do, a lot of them have cut their losses and some of them are holding BTC with a paper loss on their portfolio, these people who experienced the bloody market on their first time don't have anything good to say to BTC.
This is true, I also notice that, many of them are burned in their expectations to get rich overnight and today price is for them like game over/dead Bitcoin. They just need to change their thinking and look on things from another perspective, time will come when price will be even bigger then in December 2017. I guess some will bring a similar conclusion to themselves, but there is also those who will always write and think negatively. Yes this is what i mentioned above in a cynical sort of way, there have been great expectations from nearly all newcomers to the forum. Anyone who has been around for over 8 months or so on the forum will be more in tune with what bitcoin markets do. It can be quite frustrating i imagine if you have financed you bitcoin investment, something we know now is a big no no. |
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Stay away from HYIP sites (high yeild investment program) which offer like 5%
daily interest on your deposit for 30 days. These can look very attractive as
part of your investment strategy but ultimately you will loose out.
There are lots of threads on the forum about them.
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There are two routes you can take, being an investor looking to get into crypto
and have a medium to longterm outlook or you can be a trader looking to increase
your holding on a regular basis by buying and selling at opportune times.
As an investor the projects to go for are the longer established coins in the top 20
on counmarketcap.com and as a trader you could get into newer low priced coins
which have a chance to grow fast and with big price fluctuations.
All this takes a bit of research and time.
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Some good advice I recently acquired was to find something which provides
a passive income rather than a fixed wage for instance.
By passive income i mean something that is earning me funds while im asleep
or while i am working a day job and when im finished work.
2 things spring to mind in a crypto sense, mining and owning masternodes.
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Im not so sure the information is extensive enough, it is as the site title says
It seems opinion based. Some of the information is available on everyones
favourite site coinmarketcap.com
One thing I do like howecer is the news headlines for whatever coin you are
viewing. Overall I suppose it can be put in the toolbox and used by traders
and investors with other tools.
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Litecoin is for those who look for stability, but don’t expect it to grow at a high pace like Ethereum or Bitcoin. You can’t invest in it expecting it to increase by ten times. It may happen in theory, but it’s not that probable. Litecoin doesn’t get the media attention, and the latter is important, believe me. Litecoin is more accessible for miners, so it can be a good approach for you.
As crypto goes its very stable and according to this report it is gaining more popularity in Japan. https://www.newsbtc.com/2018/05/29/iota-eos-tron-stellar-litecoin-price-technical-analysis/"In Japan, six more cryptocurrency exchanges operating through Tokyo Stock Exchange listed companies are ready to list the top three cryptocurrencies and Litecoin." Litecoins stability IMO is a reason why it doesnt get as much attention from traders and investors. It is rarely suggested when someone starts one of those "which coins should i buy" type threads. |
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I think its virtually impossible to eradicate scams in general in crypto and in ICO's.
How will a website or lets call it a screening process determine if a project is a scam
or not, nobody can predict the future.
For example there was a lot of negativity around QTUM last year on its startup and
look at it now!
Qtum as an example if it was rejected by this screening process may not exist as it
could have been deemed a scam.
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My concern was high energy consumption with smaller rewards and the POS
mining getting popular but with all the comments here its clear that energy
is not going to be a concern in bitcoins future. As in general terms energy
generation is moving slowly away from fossil to renewable the energy bitcoin
uses will be from green sources. I guess the issue has been blown out of
proportion in the media.
Thanks for the replies.
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I think a crypto news site would be a very competitive area to work on.
It would certainly put your SEO skills to work.
The ICO review site could be beneficial but who would conduct the reviews
ans would they be reputable reviews. I would imagine it would be time
consuming based on the amount of ICO's being generated.
If I would choose one I would suggest an educational ICO based site,
news is too competitive IMO.
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all that really matters when it comes to the price that people should ever care about. is not the 10 minute fluke events of ATH..
but simply this:
2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
once you grasp that mindset. people can learnt to chill
Correct, those numbers speak for themselves. I wonder if this time next
year they will look something like this?
2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
2019 Bitcoin hasnt dropped below $12000It seems to me that the fact bitcoin reached $20k there are people acting like
spoiled children who demand their wants immediately
A lot of young people, many not educated enough in what crypto market means, were caught by FOMO and bought Bitcoin. Many of those have lost money (actually they'll lose money only if they sell) or at least have found their dreams for getting Lambo in a month shattered. And now they are lost and crying. A lot of young people are paid to cry in various ways to give the impression that everything went wrong and people have to sell - or buy - depending on what the master of puppets demands. It's market manipulation. The result is that many are acting bad indeed, but that's only a minority imho. A vocal one, clearly, still a minority.
was not going to be an end to the crypto climb and the key is the loss will be
actual if those expensive bitcoin are sold.
I fear though that a lot may have been bought on credit. |
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In my time on BCT my opinion is that the negativity towards bitcoin is at an ATH. The amount of threads spreading FUD and negativity are growing the longer bitcoin fails to deliver the great expectations of some people. It seems to me that the fact bitcoin reached $20k there are people acting like spoiled children who demand their wants immediately and so are willing to throw the toy out or smash the sand castle because their wills are not met now. There are times when we need to visit the whitepaper to realise what it was all invented for and to have patience. https://bitcoin.org/bitcoin.pdf |
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