what do you think would happen to bitcoin economy if someone would actually take in control of it?
If bitcoin becomes centralized (which won't be happening anytime soon) it will loose one of its key main feature - decentralization. The market won't be the same anymore. Price is going to be much lower than it is. There wouldnt be much difference between normals fiat currency and those centralized Cryptos |
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I have no intent to leave my signature campaign but I'm curious to know, is it considered rude or unreliable to join a signature campaign and leave it for another? I would think it is an annoyance but I see people post in various campaign threads that they are leaving.
Don't think it's rude to leave a signature campaign and join another one. Its your wish and you can leave whenever you want. Its better to leave after payday instead of just leaving in the middle of the week. |
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With Bitcoin falling so much this week/month, do you think it's a great opportunity to buy in or time to cash out?
Best is to cash out now and buy more when the market is at its lowest peak price. Though there is a risk here. You need to predict the market properly. Or you can buy during dip, wait for recovery and sell when it recovers. |
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Doges former state was a "joke state". It was never considered and developed as a joke coin based on the memme. But the coin has a very strong community. The price is bound to drop since there is no market cap but look at the trade volume.
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Investing in bitcoin is actually quite profitable if you are able to hold it for a long time. Look at the market and the price. It speaks for itself.
And compared to other assets, its much easier to invest.
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So it seems getting on coinmarketcap.com is not possible anymore if your coin is small/new... there is now a questionnaire for adding a new coin where one of the questions is "Does the cryptocurrency have at least 10,000 USD equivalent of daily trading volume on exchanges?". if you answer "no", it tells you your coin does not qualify for listing.  i wonder if they will eventually get rid of all the hundreds of low volume coins already on their site. It's a good thing in my opinion. 10k volume is extremely small compared to other popular coins. At least this is going to help us put aside coins which are less popular and might die soon. |
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I do not think bitcoin will replace fiat any time soon. Far away for being a global currency. But i do belive the price will rise.
Currently it's best being used as a medium of storage.
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How do you think the country is going to get enough revenue to develop its self and public services? Removing tax is going to hamper development. You need to find an alternative solution for this.
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Gambling in a smart way in my opinion is win and leave soon. Then wait tomorrow if still want to play. Because then, we don't become a greedy gambler.
Easy to say that. Once you start winning you will want to win more. Let's not talk about what happens if you loose. You will run after your loss and that makes the situation worse. |
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I do not risk taking bitcoin as my salary yet. Its price is skyrocketing, but it can also quickly fall. This is a good tool for investing or additional earnings, but not as a salary.
You don't have to be using/spending all your bitcoins you earn as a salary from your job. Instantly convert a part of your salary to fiat. Save the rest and keep it stored for a long time. You might not regret it.  |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
Just remember bitcoin is a global currency, not a currency of a specific country or a currency whose value is backed by some countries. Chinas ban has actually affected the price negatively, but was a short term affect. This was due to investors trying to secure their funds. We have seen it recover since then. So I still think the future of bitcoin is bright. |
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Now all the coins have decreased in volume and price and I'm losing my coins, how long does this coin go down ? or next week will go up ? Please answer my question because this very important for me and you guys Just keep holding for now and wait for everything to get settled. Chinese ban on ICO and FUDs are causing the price to get down. If you can take advantage of this low price and start investing as much as you can. |
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Yes, I also think in the same way. Without any job and hurdles and facing obstacles and the rude behavior of your boss, it is much better to buy bitcoin and hold them in your blockchain wallet and earn money. As we all know that in 2009 the price of one bitcoin was just a few dollars and now in 2017 the price of one bitcoin is about 4600 dollars. Now you can imagine the benefit for holding bitcoin for a long time.
Just buying bitcoins and holding them for a long time won't be helping you to survive. You will still need a stable source of income to pay your daily bills. The profits you will be getting from bitcoin will not be stable and there might be a day where price of bitcoin has crashed a lot and will take time to recover. How will you be paying your bills then? |
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Bitcoin price had a free fall after Chinese government decided to ban ICOs and exchanges. The fall in prices attracted new investors to invest on bitcoins, thus increasing demand which resulted in increase of price.
Lets see what happens soon.
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to make it 100 quick?
You are expecting to make to 10x of your initial investment "quickly". I don't think it is possible to do so, unless you get very lucky with some shitty scam coin. You can try investing on some of the coins suggested by people above, but don't forget about the risk you will be taking. |
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Op, the current rising trend is not a bull trap it is back to the normal rising trend after we were fed with Chinese FUD, like always.
There is high demand for Bitcoin and it is growing every day - don't worry about the situation where newly created coins will 'go to waste' because there won't be anyone willing to buy it.
This is not the probable scenario at all. of course nothing is impossible with Bitcoin, but the pros of having BTC definitely outweigh the coins. Crash to $1000 is not happening.
As far as i know, the Chinese regulatory bodies and the government allowed exchanges which weren't involved with any kinds of activities related to any ICOs where given one month time before they are to shut down permanently. This caused the price to rise a bit for a while. Not sure how badly it will crash after 30th September. |
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China has become the powerhouse for Bitcoin (and the whole cryptocurrency in general) as it is hosting many Bitcoin miners due to cheaper electricity and maybe also cheap labors. China also boasts of probably millions of Bitcoin owners and traders who are influencing the moves of the market on day to-day basis. As far as acceptance of Bitcoin in China, it is comfortably good until such time when the government decided that it is time to intervene.
In general, the Chinese government is not comfortable with Bitcoin as it indeed representing a different currency that they can not control with. since Bitcoin is decentralized it would be hard for the government to make interventions and so they are thinking that maybe it is time to ban it altogether. The government can not kill Bitcoin but what they are doing is actually closing the country as a market for Bitcoin.
So the question is: Can Bitcoin survive without China? In case, it can't then then there is something wrong with it since it is not resilient to ride the big storm it is in.
Why wouldn't it survive without China? Bitcoin is independent and the value does not rely specifically on any country. The government just (is going to) imposed a ban on the exchanges but not the currency itself. The investors needs to secure their funds and to do so they need to sell it as soon as possible thus causing price to fall freely. |
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wtf I am missed. So that's why all is going down. Any predicts for how long? When bottom?
Chinese government started to ban all ICOs. Caused the price to dip. They again trying to ban all local exchanges and investors are now trying to exit buy selling all their coins thus the price falling down. We need to wait for a while until everything calms down. |
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My usually nice luck...invest some in crypto>>>next day China ban cryptos..no chanche to re-see btc over 4k right?  Same here. I'm not pissed off because the price went down. I'm because I bought just before this happened. I could have have more bitcoin. I'm not a future teller so I'm slowly calming down. At least I have learnt something and I won't buy until next correction. This is not a correction. Just Chinese investors trying to secure their funds but local exchanges over there gets banned. Just keep on holding what you have bought. I know its hard to see the price fall, but don't let your emotions play with you. |
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So it means that China have started to close the local exchanges and going to ban Bitcoin and its uses, if it is really matters about china then i think the price will be going back to low range.
The regulatory bodies of China are starting to ban local exchanges that offer trading services of crypto-currencies. This does not mean that they are banning bitcoin. Users in china can still use bitcoins as usual. They can still buy bitcoins through other sources. |
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