Exacly what is the Reason bull run have not started yet?
Are you new in the crypto space or what ? The bull run of Bitcoin for this year started in may, thus when the price of Bitcoin moved from $5k to $12k and then dropped down to $8k. The bull run has already happened for the year 2019. |
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The first time I heard or read about bitcoin was when I was looking for a different payment option for paying for goods purchased online. I got to know about Bitcoin through the localbitcoin site. That is when I became more and more interested in knowing what bitcoin is and how I can use it for my daily transactions online.
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One of the main reasons why Bitcoin has more worth than any other cryptocurrencies is because it has the proven track record to secure hundreds of billions of dollars ($269 billion as of Dec.8 ) without getting it lost to theft or accident.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
I don't think I agree with you on this. The basic reasons behind why bitcoin is more valuable than other cryptocurrencies are; 1. Bitcoin introduced blockchain technology which led to the introduction of other cryptocurrencies. 2. Bitcoin is the father and king of all cryptocurrencies. 3. Bitcoin introduced financial freedom to everybody no matter your social status. |
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Bitcoin has come along way we have seen massive adoption and so many videos, news, and articles about websites and many people have invested and are now using Bitcoin do you think after ten years majority of people around the world have heard or read Bitcoin one time or another?
In as much that there are a lot of articles and videos talking and circulating around about Bitcoin, only about 10% of the total population of the world are aware about the existence of Bitcoin. And out of these number, 80% invest in it and the remaining used it for their online transactions. In short, only a hand full of people know about bitcoin. Bitcoin is now growing and as a long way before the community grows big.. |
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What do you think Bitcoins biggest vulnerability is?
The only vulnerability of Bitcoin I can possibly think of is the collapse of blockchain technology and the internet. Blockchain technology is no doubt the backbone of Bitcoin and cryptocurrency in general. If Blockchain technology is eliminated or destroyed, Bitcoin will have no value since it solely operates a blockchain network.. |
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Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?
Yes, the entire bitcoin community needs to focus on how we can help make Bitcoin recognized by people to use it as a payment option for all kinda transactions both online and offline. Adoption of Bitcoin into the mainstream financial space is the next step for Bitcoin. Mass adoption is the solution to most of Bitcoin's challenges. |
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Well!! popular crypto expert john mcafee decided to launch a decentralised Exchange McAfeeDex. Read here: McAfeeDexWhat's your take on this? The crypto space does not really need another decentralized exchange platform. This platform will not really bring any improvement to the adoption of cryptocurrency into the mainstream financial ecosystem. He should rather create a platform that will help people understand cryptocurrency and how it will help introduce financial freedom to everybody. |
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Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.
But does anyone control it?
In as much that no one owns or controls bitcoin, the market is controlled by people with huge amount of Bitcoin. The decentralized nature of the bitcoin ecosystem makes the Bitcoin market to be owned by people with a lot of bitcoin for trading. These people determine the market value of bitcoin. If you have more bitcoin, you control the market. |
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You know this question is unavoidable...
DID I MAKE A MISTAKE INVESTING IN BITCOIN?
A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...
What will be your response to this question?
My first question to you is that how well do you know and understand what investing means? You shouldn't invest into something just cause people are investing into it. With bitcoin investment, you need to understand the basic factors that influence the changes in the market value of Bitcoin and also the basic principles of cryptocurrency investing... |
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I'm buying ~500$ in Bitcoin every month with part of my salary. I have a stable job and my company is doing good. I'm wondering if it worth to take 20.000$ to buy 2 BTC now and pay the 500$ as loan installment instead of buying sats every month. I believe in the potential of Bitcoin to reach 50k in a couple years, but it wouldn't be possible to buy near half of BTC at the 500$ rate, so this would be something like an "advance". Hypothetically (but still possible in some probability), if BTC collapses and never recover from 8k, I would still be paying this loan for about 3 years but wouldn't starve or something like that, it would just sux for a while, since I still have another source of income. I know it's not the place to ask I will do whatever I think it's best, but if you were in my position, would you do it?
If the price of bitcoin was around $3k, i would have agree with you obtaining the loan to invest in it. But considering the current state of the crypto market, it will be a bad decision to take a loan to invest in Bitcoin. Please stick to the $500 monthly investment, that is very safe and the risk is lower than using a loan for the investment.... |
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From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.
That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...
Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.
What do you mean by saying Bitcoin is the future?? Bitcoin has been around for about 10 years now but almost 90% of people who own bitcoins just see it as an investment entity rather than a peer to peer electric cash. Blockchain technology is rather the future , not bitcoin or cryptocurrency in general. |
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Who is Satoshi Nakamoto. No one knows who Satoshi Nakamoto really is, but we do know that he published a paper proposing the invention of the Bitcoin protocol back in November 2008, This paper can now be read on the official Bitcoin website, Bitcoin.org. Nakamoto provided the first version of the bitcoin software client in 2009. He and others contributed towards the development of the project, but by the end of 2010, he made himself a less prominent figure in the rapidly growing Bitcoin community. Nakamoto never revealed anything about himself and his last known message was in the spring of 2011, stating that he had “moved on to other things”. Where is he now? ... https://www.bitcrypt.co/did-satoshi-nakamoto-create-bitcoin/Why do you need to find Satoshi? And what do you need his or her identity for? Lets just embrace bitcoin and blockchain technology rather than wasting our time on things that are not relevant to the crypto space. We should focus on how we can increase the adoption of bitcoin into the mainstream financial ecosystem. If Satoshi wanted be known he would have added his identity to the whitepaper.... |
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Its too early to conclude that the prices of altcoins are recovering. Its gonna take a while for the altcoin market to recover. StableCoins are making it impossible for altcoins to increase in market value alongside bitcoin.
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There is an adage that says "if we all knew the outcome of investment then we would all be very rich".
It amazes me when I see investors complaining that the price of a project token dropped after listing and they go on to label the project as scam.
The fact is that they have forgotten the risk part of investment, you can't just expect everything to just come out 100% safe without risk. The price drop is the risky part of it, and you have to be willing to cope with that, support the team and wait for them to turn things around. Remember that it is not a ponzi scheme where your money magically increases over night. Patience is key
The basic truth is that, people don't really understand what is meant by investment. A lot of them are just interested in the assumed profits calculated from the ICO or IEO price forgetting that the market price is most likely drop . These kinda investors don't have enough knowledge about investment and the principles of investment. |
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Looking for an Altcoin that is backed by something; akin to the Gold standard as opposed to just speculation....
Thanks in Advance
There are quite a few of altcoins backed by physical real assets. You just have to spend some time researching and reading about altcoins to identify them and check for how true they are. Once you do that, you can personally identify what will be good and best suit your investment plans. |
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Before I join any bounty campaign, I first check the authenticity of the project and the bounty manager managing it. After that, i also check the payment system and the possible value of the amount to paid at the end of the bounty and the duration of it.
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I feel bounty hunters are only being used as baits by project owners to catch their investors virtually for free.
Of course, bounty hunters are the piece to the puzzle for project managers to get people to invest into their crypto project. Bounty managers and project managers do not really care about the struggles of hunters. Bounty hunters should sometimes also research about bounty projects before joining... |
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For me, i consider Bitcoin as the father of cryptocurrencies and the remain altcoins as the sons and daughters of bitcoin. I don't really classify altcoins, i see them to be the same; as trying to use bitcoin algorithm to create something better than bitcoin. But if I'm to rank altcoins in relation to their idea and technology, ethereum is the next coin after bitcoin..
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Ok guys so I have 500 CAD left to invest in altcoins, I decided to invest 3000 CAD in bitcoin and leave it like that. So for that 500 CAD (377 USD), please tell me if this makes sense. (I want to own a broad portfolio of multiple coins that have good odds for the future). All amounts are in USD for a total of $370. I'm open to suggestions.
50 Ethereum
50 Ripple
50 Binance Coin
30 Litecoin
20 Enjin
10 Iota
30 Cardano
20 Stellar Lumens
10 VeChain Thor
10 Pundi X
10 Basic Attention Token
10 Ontology
10 Zilliqua
30 Monero
? Eos
10 Tron
? Zcash
10 Icon
? Chainlink
any other ?
10 Dash
It is good to invest in multiple altcoins but it is always advisable to invest in a maximum of two altcoins in order to minimise your risk potential. With multiple investment, you the investor will not have enough time to really analyse a specific coin's market to notice changes in its market portfolio to adjust your plans. With multiple altcoin investment, it is easier to lose huge sum of money within a short period... |
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No visible trading volume = shitcoin
If there are no trading volume, what shows that the coin is alive and valuable? Dead coins have no trading volume. No one want to buy a coin with no visible trading volume or a dead coin
Most new crypto projects launched in 2019 usually have no trading volume. Most of these projects managers are just interested in the profits they will make rather than the purpose of the project. Once they get their profit, they don't care about the trading volume of their coin.
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