Been wondering if crypto had less volatility, and less hype will traditional financial institutions still consider it the future of economies?
I really do not think that traditional financial institutions will consider bitcoin even if there was a very low volatility and hype and the reason is in their own names, they are traditional they do not want a change, they want everything to remain the way it is and bitcoin is something completely different, bitcoin is going to change the way we think about currencies and about the economy in general. |
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Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
Never forget the person that has the private keys is the one that owns the bitcoin it's as simple as that, that means that if you die and no one knows the private keys of your addresses then those bitcoins are lost forever, so the only way to protect your bitcoins is to somehow give access to your private keys to your inheritors but only after you have died. |
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Cryptocurrencies can't replace regular currencies simply because crypto don't work offline where regular currency does. But Government always wins, Cryptocurrencies will be either banned or will be fully controlled by the government
You are mistaken governments do not always win, they win most of the time that is correct but they can be beaten and they had been beaten in many other issues before and due to the nature of bitcoin and cryptocurrencies I have no doubt that this is another subject in which they are going to be unable to win and the people that have the means and the knowledge will be able to use cryptocurrencies with no problem. |
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What is the impact of bitcoin in a country's financial stability?
The impact will be positive, IMO. Consider Japan's stand on embracing bitcoin and the blockchain technology. Even if they are already a progressive country, they still adopt bitcoin because they know it will push their country's economy even further. I think the impact of bitcoin will be different in each country, in Japan the effects are going to be very positive because they have decided to take a step forward and be one of the countries with the biggest adoption of bitcoin around the world, but I think that in other countries there will be a negative impact, why? Because money will begin to flow outside of those countries to go to countries that are accepting bitcoins like Japan. Undoubtedly, if some countries legalize the crypto currency, then others will be forced to do the same. The fact is that financial relations between countries have a very strong influence on political relations and I think that this will only lead to positive consequences. I really hope you are right because this can be an unfavorable influence as well, what if many countries begin to ban bitcoin and they begin to pressure Japan to do the same then Japan despite having a likeness for bitcoin and thinking that is a good idea that can help their economy decide to follow other countries just because they do not want to get in trouble. |
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I have the same fate as you, I lost 60% of my portfolio.
And I'm still patient because I'm sure this is just a game from whale who wants to buy everything cheaply.
It's just a matter of time that the crypto will be green again and we should not be fixated on crypto, for now, do other activities while waiting for Crypto to rise, do not look at your wallet right now, it will hurt you.
Right now I just play games and enjoy the real world while waiting for everything to be green again.
I really think that most people that are still holding today and did not sell their holdings when the market was at the very top of its value are probably losing something close to what you are losing, the amount will vary slightly depending on what kind of coins you are holding but for the most part I think we are all in the same boat which is why our only choice is to keep holding until the price recovers. |
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I bought 3 btc on credit for 19k about. What should I do? I am way underwater.
This is a very sad story but is entirely your fault you decided to invest in a very risky asset borrowing money and doing it when it was at its highest price ever, if that doesn't sound like a bad idea I do not know what it is, the only option that you seem to have at this point is to keep your coins since it is the only way you have to recover your money and to pay your debts. |
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is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.
yes, it is my hope, bitcoin can be use to buying all comodities,I dont know when. The truth is no one really knows when that is going to happen, if it was up to me I would like to do that right now, I will like that bitcoin was accepted all over the world but it is still not going to happen so we need to be patient, one of the things that gets me hopeful that is going to happen is the lightning network when that happens bitcoin is going to be used as a currency once again and the transaction fees will be very cheap again. only, there are still many countries that do not want to take advantage of for several reasons. but, I believe, if developed, bitcoin can be a very good and reliable transaction tool. I think someday the blockchain system will actually be used for the world transaction system. That is a possibility but bitcoin will need to overcome many obstacles in order to reach to that point, probably the most important is that governments are going to oppose bitcoin in its quest to become a world currency, and it is easy to see why they're going to oppose it if they were to lose the right to print their own currencies they will be unable to finance such big governments. |
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1 million dollar per bitcoin means USD worthless.
It may happen if Bitcoin becomes the largest currency in the world, outpreform all other currencies and dominating them.
Or it could be achieved if the US economy falls down so hard that it enters mega hyper-inflation and the USD becomes so worthless that even if Bitcoin was stable against other currencies, it skyrockets against the USD.
1M$ per bitcoin means that the bitcoin network would be worth 21T$, more then the US debt.
If we reach that point, it is very likely that the value of bitcoin in terms of dollars will become irrelevant people will begin to set their prices on bitcoin, after all if the US dollar is in such a bad shape then it will not make any sense to keep trying to price things in dollars also at that point the debt of the United States will be a lot higher than that |
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i think that investment in the cryptocurrency market needs to be planned and most of the short-term speculation will be lost . investing ia a coin requires long-term research , at least half a year . you must believe it . if you invest it . the market will rise and fall .you must keep it , until it reaches you expectations .
You do not need to research a coin for half a year that is simply too long and many people to not even take 10 minutes to research it, you need to find a middle ground make a deep research that takes a week or two if after that time you are still not feeling sure about investing in a coin then you should never do it, and also you need to keep track of it so that you do not do the same work again. |
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These fake news are created specifically to drop the price of cryptocurrency and someone was able to purchase well at a low price.
It also shows that despite all support of freedom, decentalization etc, when it comes down to voting with your own money, many people bend down and dont really believe what they preach You must understand that many people here do not really believe in the future of cryptocurrencies many just want to make money and as soon as the price of a coin goes down they panic and all what they say about bitcoin bringing a revolution or something like that no longer counts because they're losing money there is only a selected number of individuals that believe in bitcoin. |
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Killing bitcoin outright, or developing an official virtual currency that can compete with bitcoin, is a potential future. The government has developed its own officially recognised "people's bitcoin", competing with bitcoin in the market.
Whether it is official bitcoin, or the virtual currency used in the market, the future is dominated by regional block-chain technology.
It doesn't matter what the government does in terms of developing their own cryptocurrencies they are never going to develop something like bitcoin, it is not in their best interest to do so and it doesn't matter if people adopt it at the end that coin will be as susceptible to crashing as any other fiat currency and when that happens people will choose bitcoin. |
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Is it a good buying price for bitcoin?Might cross-border activity often lead to better demand for bitcoin?So bitcoin will do better in the second half of the year.What do you think?
You are going to be hard pressed to find a better price than the current one, so if you have the money to invest in bitcoin or in any other cryptocurrency that you may like right now is the moment to buy as much of it as you can if you do not do that you could regret it in the future when the market recovers its previous price, however you need to be willing to hold for a long time because we do not know if the price is going to recover by the end of the year. |
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with so much slanted news, blocking ads about bitcoin, whether in April bitcoin prices will get better and strengthen again  It is kind of difficult that the price of bitcoin is going to go that much lower than what we're seeing right now the price is barely above 7000 and the lowest price we saw the year was a price slightly below 6000 so we are very close to the bottom so I really think that we are going to see a slight raise in the price in the next weeks, if we are lucky we may see 10000 again. |
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I think it's perfectly possible that every bull market will break new heights, so I think this year will be the next bull market.
So what we need to do is hold.
I didn't really think we're going to see a bull market in this year, where going to be lucky if bitcoin recovers some of the price that it lost, maybe I am too pessimistic for some people but taking into consideration the previous year I find it very difficult to believe that we are going to see another pump like what we saw on the previous year especially when the first quarter has been so difficult for bitcoin. |
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Make decisions rationally, here's what I can select. Too many people try to approach the process too emotionally, and are losing their assets to it.
When you are trading you need to leave your emotions behind, you do need to be able to think rationally, and you need to be very cold if you take decisions based on what you are feeling or some kind of premonition you are sure to lose money on the long term you must rely on technical analysis and on watching the news to try to predict how the price is going to move. |
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What is the impact of bitcoin in a country's financial stability?
The impact will be positive, IMO. Consider Japan's stand on embracing bitcoin and the blockchain technology. Even if they are already a progressive country, they still adopt bitcoin because they know it will push their country's economy even further. I think the impact of bitcoin will be different in each country, in Japan the effects are going to be very positive because they have decided to take a step forward and be one of the countries with the biggest adoption of bitcoin around the world, but I think that in other countries there will be a negative impact, why? Because money will begin to flow outside of those countries to go to countries that are accepting bitcoins like Japan. |
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I know how people feel, those who invested in December or January like me, who fell love with crypto, and the way price was going up, never believed I have to see market cap under $250 billion. However, Everyday I check my Black folio app, I feel sick in my stomach. Sometimes I feel what I have done? But i knew there was a risk, i knew, I could lose money, but I couldn't control my rush of blood, seeing people buying right and left whatever they could.
But my question to all those investors, do you believe in crypto? If you do then hold tight because good days will come, if you are not in need an emergency cash, then hold your coin, It can't be red all days, it will be green. have some faith in this industry. I know it's hard seeing the bloodbath, what's happening, but we will rise again.
Even though I lost 70% of my portfolio, I'm still holding because I know good days are coming soon. Good luck guys.
You are in a very difficult position but the truth is if you want to regain your losses you do not have any other option than to hold your bitcoins and any other coins that you have bought I know is extremely hard to do so and many people that bought at the same time as you have sold their coins already but if you want to avoid being a loser like them you need to hold. |
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Yes, crypto currency have the maximum potential to overtake regular currency and this is the reason why some government,regulator and banks are against crypto currency in other to make people believe crypto currency is gamble.
There is a big difference between having the potential to do something and actually accomplishing that something, the potential of bitcoin is great and it is almost unlimited but there are still a lot of things that need to go right in order for bitcoin to reach that goal, that is why this is something I'm not expecting as long as bitcoin still exist after many decades and it has value I am fine with that. |
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I know we all can make a good profit when markets are going up but since last, one-month markets are down. So how is your portfolio is doing and are you selling or holding?
for now I am hodl as much as possible because if I do not hodl then I will incur losses, so to minimize losses better hodl until the price again grow again and the green market back .. I suppose that the majority of investors and traders right now are losing money it will be very rare that someone is earning money that person should have been shorting bitcoin or any big coin just at the right moment but shorting cryptocurrencies can be extremely risky and it is something that only experimented traders should do, so the only option we have is to hold our coins and hope for the best since I only have very solid coins I am not afraid but still that doesn't mean that holding gets any easier since I will probably need to hold for several months or even years. |
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Yes it is very important to have both good mindsentr and experience,because you cannot learn these things from any books,your mindset will be deciding factor if you are going to open and close some trades when we are talking about trading,experience will give you the best intuition about the market's situation so these two are very important factors.
The mindset is critical, this is what separates those that make profits and those that make losses, think about the holders there are many people that think that they can hold for long term and as soon as the price began to go down people began to sell, only a few have been able to hold despite the huge crash in the market and those that are still holding are the ones that are going to get profits in the future. |
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