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My opinion is that if bitcoin was not so volatile that wouldnt suit traders.
Traders love the volatility, well experienced traders that is, the ones who
Can read the charts etc.
And if bitcoin was not so volatile there could probably be mor acceptance
in the marketplace for it to be used as a currency.
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well this thread is definitely in the right section > speculation <
can anyone calculate the numbers on this?
I mean the market cap would have to reach a certain value in
order for Bitcoin to reach $1,000,000 in the next 2 years,
to me this seems like a fantasy.
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1. INCOGNITO. this is the main reason why people use it. You cannot trace crypto transaction and its perfect from hiding.
5. MODE OF PAYMENT. this is where some people buy an item usually using the profit they had on investing bitcoin even just holding. Ex. If you have 1btc and after a month it becomes 1.5 btc and you want to buy an item that cost 0.005btc and crypto is accepted as a mode of payment, you will use it ofcourse rather than fiat.
These two points are what I like about crypto. I like the privacy factor, banks and governments cannot easily know what I have. I have used Bitcoin as a mode of payment in the past, not just because I was spending profit but because I had it and I didnt have FIAT also because the seller accepted it and it was easy. |
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In general terms this is good news as it raises more awareness of BLOCKCHAIN technology.
But the announcement is really stating that the Australian government is edging closer to
using the technology, as an example to reduce fraud perhaps.
The Government will provide $0.7 million in 2018-19 for the Digital Transformation
agency to investigate areas where blockchain technology could offer the most value for
Government services.
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I am just visiting this thread now and from the posted feedback from users
of the service it sounds like this is a service to consider if we want to mix
transactions!
I have never used a mixing service so I dont pretend to know anything about
it. Is the service becoming more popular now that crypto seems to be on a
rise again?
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I think if the small text at the bottom of the page states that there is
a risk they are covered regardless of what the "big picture" message
states. Ive seen commercials for gambling sites and the text at the
bottom is so small it is pointless putting it there.
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Well there is talk that bitcoin could reach a value of $250,000 in the future
so some oeople could be banking of gambling on that value being reached.
"Saving" FIAT in bank is counter productive, it will actually devalue over
time because of inflation and depending on the type of account there
would be negligible interest generated on the funds.
Starting a "pension scheme" has had some bad press recently in my
country, commission and fees are paid first, so for the first few years
The installments are not towards the oension itself.
Another thing to consider is maybe millenials dont have enough
disposable income to make a worthwhile pension investment but
enough to gamble on cryptos future....
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I believe this will happen in the future. I can see a lot of countries particularly in
Europe moving away from cash and more to digital currency, they may move
further to introduce blockchain based currency and it wont be a case of choosing
to use it because it will be the only option because it will be regulated, controlled
and centralised.
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The question you should ask yourself is this, Would you trust a Crypto coin that are managed by one of the biggest social media platform, reporting to the US government? One of the problem with these coins with their centralized authority is the anonymity. Your coins will be linked to your Facebook account and they will have access to all your consumer spending data.
I think they will also use their resources for the mining of these coins, to keep control over this. So they will have full control over your coins.
I read this thread before reading the link in the OP and the above post Pretty much states what i think about this news. The facebook coin or token will most certainly not be decentralised it will be controlled by facebook so straight away im not interested. I recon it will be embraced to a degree by the facebook community but only by those who dont know about or are skeptical of bitcoin and friends. |
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We all know FUD is an abbreviation of Fear Uncertainty and Doubt and while
it may be created to have a negative effect on the market it also creates more
of the same.
Some people suffer from FUD without knowing they have become subjected to it.
It is highly contagious to those who dont know how to protect themselves,
It usually affects the young and the weak and is almost like natures survival of
the fitest ir natural selection.
After infection those who survive become immune to further infections and
grow stronger and more resilient to FUD
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Hello, Many people believe that in the future, there will be a cryptocurrency that accepted and used all over the world - but it is not bitcoin. What do you think?What features the coin should have to be accepted globe?Yes! It is not bitcoin, of course. Bitcoin is slow enough, high fee enough, energy-wasting enough ... to should be replaced by a better one. In my opinion, I really want to have a cryptocurrency that:- Truly Decentralized - it is not controlled by anyone, any organization (bitcoin now may be controlled by Bitman, if they stop all their machines. Bitcoin's blockchain may be dead) - Powerful enough: It should be able to handle about 100.000 - 1.000.000 TPS, even more - And of course it should not be a POW coin such as Bitcoin, Dash, Zcash, Digibyte... or Syscoin.  - Any many other technical features (such as: secure, private, easy to use....) ... It is just my draft idea. What is your opinion?In order to come close to being used all over the world a coin will have to be accepted as payment for goods and services, thats electronic goods, books, clothes, energy, design and entertainment for example. The only one which is the closest but still a long way away is BTCSo really what other coin, currency or token can 1. Catch up on bitcoin, and 2. Overtake bitcoin? |
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Im not sure cryptocurrencies will be mainstream as a spendable currency.
There is a good chance it will become mainstream as a technology.
As a spendable currency it has limitations as pointed out in the OP and I
wonder do we actually want crypto be be mainstream as a currency?
Would it be negatively impacted?
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I would class myself as a long term holder, I tried trading but didnt make
noticable gains. I have got into some alt coins last year which really have
yet to be fully adopted and utilised.
i disagree with everything you just said here after this part and i do believe that long term holding any altcoin is a huge mistake even if you look at their charts and see profit for last year. there is not much future for most coins out there, they won't survive in long term specially those coins that exist purely based on hype and pumps. here comes the big BUT.... but it is important to do whatever you think is right for YOU. if you think holding is best and gives you the better results then make sure to stick to it. just make sure to follow the first rule: never invest more than you can afford to lose.
I agree that many projects will dissapear or be replaced by another faster moving project.
But hopefully this will show up on a radar and we would be able to react i.e SELL I have got into some alt coins last year which really have
yet to be fully adopted and utilised.
your whole strategy relies in a big IF. IF the coin is adopted... IF the coin is utilized.... and history is not agreeing with you either.
As has been mentioned in many other threads, it is essentially a gamble.I would class myself as a long term holder, I tried trading but didnt make
noticable gains. I have got into some alt coins last year which really have
yet to be fully adopted and utilised.
My theory is that its really going to take about 12 months or at least 12
months for a project to materialise and probably another 12 for further
developments.
I am a long term holder if litecoin, and for years some people have held
this coin until last year it started its healthy price rise and popularity.
Siacoin is another which has undergone a lot of development and its
one I hold long term.
So I invite all long term holders to discuss their thinking on the topic
at this time of rising price activity after some very low valued markets.
Your approach to investing in all cryptos imho is probably the safest and most profitable - over the long term. By holding for the long term you're cancelling out a lot of the short term fluctuations in price that may tempt you into selling early, and as you said, most projects will take at least a few months if not years to mature and finally realize its full potential. And that's not even looking at the fact that bull markets will usually take time to actually start and realize. That's why I tell people that if they want to invest in crypto at all, make sure that they are prepared to hold for as long as it takes for the next bull market to swing by. If you're impatient, then you probably are better off without investing in crypto. Crypto isn't a tool to make your rich overnight.
in it. I thoink it suits people with a lot of time on their hands.I would class myself as a long term holder, I tried trading but didnt make
noticable gains. I have got into some alt coins last year which really have
yet to be fully adopted and utilised.
My theory is that its really going to take about 12 months or at least 12
months for a project to materialise and probably another 12 for further
developments.
I am a long term holder if litecoin, and for years some people have held
this coin until last year it started its healthy price rise and popularity.
Siacoin is another which has undergone a lot of development and its
one I hold long term.
So I invite all long term holders to discuss their thinking on the topic
at this time of rising price activity after some very low valued markets.
You have a good point there. Day trading doesn't give you noticeable gains. Well, one trade might do, but the next will reverse it and you'll end up with less than you originally had. People believe that technical analysis helps them escape this, but believe me, it doesn't. Hodling, on the other hand, is a great way to "invest" your money on something that you believe in, and it's much more probable to make you successful at the end. The hard part? You have to be patient. Many people are not.  |
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With Trump reimposing sanctions on Iran, the Central Bank will discover the virtues of it's citizens holding cryptocurrencies. These new sanctions show how fickle the international banking system can be. All it takes is one man changing his mind to create chaos. The advantages of cryptocurrencies have never been so apparent.
Whoever bought crypto did so at the right time, they were given a few days warning that Trump was going to pull out of the agreement with Iran and so creating a lot of uncertainty in the region. This move to buy crypto is a hedge against the oncoming uncertainty, great move |
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And i certainly.dont have the time or patience to trade daily, it takes a different
level of dedication. Ultimately trading is a big contributer to the value of crypto.
I would wager if someone was to do long term holding the coins or tokens they
hold need to be the right choice. They need to have a good project with good
developmenr road map, a good team and a long term attitude.
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Why do the super rich care so much about bitcoin to the point of coming out
and making all sorts of statements. They are so rich it doesnt matter what
bitcoin does?
They are not going to sway our thinking but i suppose they might create
doubt in people who have not yet got into bitcoin.
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I would class myself as a long term holder, I tried trading but didnt make
noticable gains. I have got into some alt coins last year which really have
yet to be fully adopted and utilised.
My theory is that its really going to take about 12 months or at least 12
months for a project to materialise and probably another 12 for further
developments.
I am a long term holder if litecoin, and for years some people have held
this coin until last year it started its healthy price rise and popularity.
Siacoin is another which has undergone a lot of development and its
one I hold long term.
So I invite all long term holders to discuss their thinking on the topic
at this time of rising price activity after some very low valued markets.
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"I would oppose bitcoin if there was an easy way to do this," said Bill Gates, co-founder of Microsoft Corporation in CNBC's Squawk Box, on Monday, May 7.
"As an asset class, you do not produce anything, and so you should not expect it to rise, it's a kind of pure investment" stupid theory, "Gates said in the CNBC program" Squawk Box. "
"Bitcoin and ICO, I believe, I believe, these are some of the crazy, speculative things," Gates said. He added that someone once gave him bitcoins for his birthday, but he sold it in a few years.
I love these points, it nice to see him state bitcoin cannot be stopped. We dont need to produce anything in order to give it value, its a digital technology, its value is in its supply, acceptance and useability. |
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Personally I prefer to see steady growth and while volatility is impossible
to eliminate, big spikes mean people are going to get burned.
I can understand though that traders would prefer to see big spikes in
the markets as there are big gains to be had.
In the long run I believe are roads are leading to the same thing !
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