I do not believe it is possible for me to get rich with bitcoin, although some early holders of bitcoin are rich now after investing their money in bitcoin few years back, but at this current price buying substantial amount of bitcoin will be hard because I do not have such fund, be as it may bitcoin has been a supplement to monthly salary and it is an additional source income for me.
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In November, more Chinese Exchange will reopen. What is your opnion about the Bitcoin industry?
Reopening more chinese exchanges by the China will enable more investors to buy bitcoin which will further push up the price, presently bitcoin is the most sought after cryptocurrency and with the Chinese population bitcoin will have a bright future.
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Infrastructural deficiency is a major problem militating against the development of Africa. Electricity and internet the two major tools towards development of blockchain technology is virtually in non existence except in some few countries, like South Africa and the Arab countries, other countries has epileptic supply of electricity and blockain technology can be achieved by deployment of internet which will turn around the fortunes of people in the continent.
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What can you say about Prince Alwaleed bin Talal of Saudi Arabia's statement that bitcoin will collapse like Enron? Do you guys think that it will have significant value on the prices?
Obviously the prince statement has no significant effect on the price of bitcoin, what yardstick did he use to make such a statement? Is he a central bank governor or an economist? May be he used that statement to scare potential buyers of bitcoin in Saudis Arabia anyway his statement does not hold water.
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I was also getting near to my first year anniversary on this forum too, This is my greatest achievement so far this year since joining this forum I have learn so much about cryptocurrencies world in this forum and I had the opportunity of earning as well, in fact I had been a regular and daily visitor in this forum I am always eager to read latest news about ICOs daily here.
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The future outlook of bitcoin is very promising going by the acceptance of the cryptocurrency by people globally. Everyday more peoples, companies, schools, restaurants e.t.c have started adopting bitcoin as a means of payment this will limit the involvement of banks in transaction of the bitcoin. Banks being third party will not be involved and as such no tax or any fee will be deducted by the banks apart from transaction fee.
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People prefers bitcoin over fiat because of it's increasing price, people who bought at lower price few months ago will have made appreciative profit now unlike fiat saved in a bank will have a small interest accrued to it, bitcoin is a very volatile cryptocurrency it has a tendency to increase it's rate within a shortest period of time.
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Bitcointalk is the best bitcoin related forum in the world, I have tried a couple numbers of forums like bountyportals, bitcoingarden e.t.c none of which is as organised and well planned as bitcointalk, beside earning bitcoin here this forum is full of information on bitcoin and altcoins, getting news about ICOs.
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To avoid being scammed by hyip is to completely ignored them, of course they have juicy returns to attract a potential investors, they will offer 50% daily profit, the gullible ones will fall victims, they pays their investors initially thereafter vanished into air. Please never invest your hard earned money into any ponzi system.
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In my country virtually non of the business centres accepts bitcoin as a means of payment of goods and services as a result I just have to convert my bitcoin back to dollars and finally to my local currency at an agreed rate with my exchanger. I hope to see more businesses accepting bitcoin in a few years to come.
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Knowledge is the key to ending world poverty, if people around the world are literate and has adequate information on bitcoin, and internet facilities is readily available and affordable in every nook and cranny of the world people will be engaged in offering online jobs and service this will enhances human productivity and reduce poverty.
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In my country bitcoin is never taught in colleges and there is no plan to include bitcoin in the syllabus, in fact just 1% of the total population knew bitcoin, unless awareness about bitcoin is encouraged else people will pay little attention to bitcoin, if government supports bitcoin initiatives then more people will use bitcoin.
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Has anyone taken a course online on sites like Udemy to learn about bitcoin? I just received a coupon to enroll in a bitcoin course for free. Would it be worth the time? If anyone has any experience, do share.
My advice to you is to take the course going by the global popularity of bitcoin it is an added advantage to learn advance bitcoin like blockchain technology and blockchain experts are in demand, there services are highly demanded in freelance sites, after you might acquired the necessary skill, you will earn more bitcoin by offering the service.
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Many online sites, such as gambling, binary, forex sites and many others had started accepting bitcoin as deposits and basically this is due to the fact that the ease of sending and receiving bitcoin. Amazon, eBay, aliexpress are also planning to start accepting bitcoin, this will enhances and expand their businesses which will generate more interest in bitcoin globally.
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Bitcoin earned when offering online services for a foreign client will bring inflow of money for those offering such services and those bitcoin earned will be exchanged to fiat and increase their purchasing power of those individuals and this will be used to buy goods and services in that country leading to increment of manufacturing companies producing more goods and government will collect their taxes from these companies and this will improve the economy.
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Fibonacci levels alone cannot be used to determine where to buy alone there are other tools to be considered like support level, particularly level 50% and 61.8% are two perfect level but works well on price pullback or retracement consider using higher timeframe like daily timeframe because it is less volatile unlike the lower timeframes.
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Anyway this is just a technical analysis of the predictions of bitcoin reaching $25,000 in 2022 Personally I believed that the price of bitcoin is not only determined by technical analysis but also fundamentals such as high impact news, hardfork (segWit) therefore there are many of such before that year and this can make or mar the price of bitcoin but let us be optimistic that the speculations will come to pass.
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Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 : -50% bitcoin. -25% ethereum. -25% litecoin.
I am investing the money at the next dip. Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
My advice to you is to split your fund into two I.e 50:50 then invest 50% into Cryptos like, 25% bitcoin. 12.5% ethereum. 12.5% litecoin. And invest the remaining 50% into other businesses or preferable saving it. Doing this will reduces or minimizes any risk to your investment.
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It is a complete risk to turn all my money to bitcoin, although presently price of bitcoin is on the rise and doing well in the market but what if the price suddenly crash? may due to a policy by countries that are major stakeholders this will be disastrous and catastrophic because many people will lose money. Personally I prefer sharing my money into two I.e 50:50 I will turn 50% to bitcoin and save 50%.
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One of my major aim is to start saving bitcoin for my children, going by the speculations of prices of bitcoin reaching $10,000 in few years to come this will serve as a huge investment and insurance and I am also planning to educate my children the basic elementary information they needed to know about bitcoin.
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