I don't think BTC banking is a good idea coz main reason behind BTC popularity is some of its amazing features like decentralization & Anonymity in transaction. If BTC bank formed, it will get the power to manipulate its demand and supply, hence its price, transaction fees etc.
Whole concept of BTC formation is to get freedom from any third party interference while making a transaction whereas Bank formation will be contradictory and against BTC users interest.
I agree with you that BTC bank formation will be against users interest. I don't support BTC Bank idea and if ever such thing happens I will never keep my coins in it. Even there is no need for such a bank, unlike cash, BTC is stored in a wallet just like Bank accounts so no fear of loss or damage. |
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Bullish for sure in BTC price by the end of the year 2018. If everything goes as per line, I mean no negative news or ban, BTC will surely cross $15k in 2018. BTC has become quite popular in last few month, market cap has increased by 25% in past few weeks. That means new BTC users has joined this crypto-market in last few weeks. And they all gain profit from the market as the market was bullish, this will bring more confidence in them.
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BTC fall was just temporary. In last 24hrs BTC gain about 10% and it is again on $7300 approx. Segwit2x cancellation just brings a correction and created an opportunity to buy BTC at the lower price. Hope many of us have taken the advantage of this situation.
BCH has lost about $300 in last 2 days and again come to $1200. BCH buying was just a FOMO and trendy. BTC has a long way to go and grow.
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Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. I'm neither love BCH nor hate it, but hey; I made a profit from it, I blindly traded my BTC to BCH when it was around 0.05 and traded it back when BCH became 0.2. Instead of losing your faith on a coin; why not try to trade it and make profit from it. It was the chinese who's feeding BCH, they said, and Nick Szabo; who's believed to be Satoshi Nakamoto is backing BCH. Believe me, a true FATHER will never abandon his child. But if it crashes to 1 usd or 1 php, I'm gonna really buy hard. Don't worry about the crash, it's just some weird corrections and pumping/dumping of coins and worry if you bought it at the highest. I don't think it will ever crash to 1 USD. After this surge in BCH price, investors do realize that BCH is a great substitute of BTC in terms of low fees and fast transaction. I talked to many investors about it, whom I know personally and they said they will going to HODL the BCH instead of selling it on Hikes. I think Max it can come down to $800...but don't expect less than it in near future. |
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Ethereum is my favorite Altcoin. As ETH price is quite low, I am stocking it as much as I can. Soon it is going to bounce back. I really believe Ethereum got a huge potential and can compete with BTC in terms of market cap in future. People are running after New ICO's in order to earn fast money but ultimately they gain nothing, I hope soon these investors realize the potential of ETH.
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Marketing is the main key to make ICO Successful. Social media marketing, Blogs, Youtube videos and signature campaigns make an ICO more Popular and create awareness about its launch. These marketing techniques help to builds a big-time propaganda about the success of the ICO.
Good marketing strategies will make sure that ICO will be filled completely.
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As per humors satoshi hold 1M BTC... don't know how true it is!!!
But yes if satoshi have 1M BTC and now, of course, BCH....he got a lot of power in his hand to manipulate crypto-market. If he saw BTC sinking and sold a large quantity of BCH, supply will suddenly inc. A condition of panic selling will arise and BCH price will crash like anything. After such a crash, people will surely lose their faith on BCH and will again shift to BTC.....Hence Satoshi wins.
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Bitcointalk name: Kimochidesh
Rank: Sr. Member
Current post count (inluding this one): 282
BTC address: 38GNJeVRRY9bJmvt5vzeHJ24bVkLt1641V
wear appropriate signature: Will Wear sig/avatar as soon as accepted
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Bitcoin Talk Name: Kimochidesh Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=774934Rank: Sr. Member Avatar Bonus: Will upload if accepted Personal Message Bonus: Will upload if accepted Post Count (including this post): 280 BTC Address: 38GNJeVRRY9bJmvt5vzeHJ24bVkLt1641V Will upload Signature if accepted. |
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Username: Kimochidesh
Post count: 278
Rank: Sr. Member
BTC address: 38GNJeVRRY9bJmvt5vzeHJ24bVkLt1641V
Will wear the signature and avatar immediately once accepted.
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Many investors deinvest their money from altcoins and start investing in BTC in month of NOV coz they want to take advantage of having BTG at the time forking. Proof of that is BTC market cap suddenly rises and altcoins market cap drops. They remain invested to take benefit of segwit2x. Now as segwit2x is cancelled....Let's see how investors react to it. Will BTC price fall???
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It is yet to decide the status of BTC as an currency or a transferable asset. Even govt. Is unable to take a firm dicision on BTC legalization as an asset or currency. Originally BTC is developed to serve transaction entity but growth rate of BTC make us think about its status as an asset.
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I don't think crypto can replace totally fiat in next 2 decade. As there is alot of people in the world who are technological backward and not even have an internet connection (say Africa or rural area of south Asia). Even literacy rate is quite low.
In that scenario, saying crypto can totally replace fiat is vague statement.
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I Think Singapore, Malaysia, and India are the best opportunity available to expand BTC Business in ASIA.
In Africa, Zimbabwe and South Africa. In South America, Brazil is the best opportunity as it is world leader in drug generation and export.
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You did a great work by sharing this article. This will surely help newbies to understand the potential and scope of Blockchain technology and cypto-market. Such articles will definitely encourage people to adopt "blockchain professionals" as a career for them
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China always tries to encash the new opportunities by generating their indigenous version and tries attract their own community towards it. Like Chian has RENREN so-called "Chinese version of Facebook" and Chinese use 'Wechat' instead of Whatsapp. So, in the same way, China again tries to develop their indigenous version of digital currency. This helps their economy self-dependant and strong at global level.
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It because of the demand and supply ratio created by the users in that exchange. Every exchange has its own trading volume and that decides the price of a crypto.
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FIAT and Crypto both are serving the same purpose that is the mode of transaction. So how FIAT is better???
Yes, I may agree that most people are not much aware of BTC and are not comfortable in making a transaction in everyday life.
But that is their lack of technical skills.
Moreover, you can't HODL million of dollars in your pocket but Millions of BTC is just a click away from you. You can carry it to anywhere at anytime without any govt interference in it.
Isn't that amazing!!!
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