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Indeed so many analyst have come up to say bitcoin is going to die before a period of time but bitcoin is still here that is the real nature of bitcoin no one can predict what happen in the future since bitcoin is decentralized and control by the market forces. Bitcoin is not like other centralized commodities that it future can easily be predicted.
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It a good development to the Philippine because most part of the world have already option in to cashless society where people don't have to move with cash any more, you can pay for goods and services in the market place using any online means either point of sale (POS) and other online payment method. I believe in the near future people are going to option in to the use of blockchain which will lead to crypto currency adoption.
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SEC limitations are very high as it laws will only protect US investors that if they eventually step in, there have been so many scam and failed ICOs in recent time and what result to failed ICO mostly is lack of utilization of the coin most of the coin have no project in place and at that tend to become useless once their get listed on exchange. The only time the blockchain can develop further is when project owner start researching and try to meet real time problems using the blockchain network.
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That is the fact social media if misused is even worst then a cancer, bad social media can destroy a Nation and crime on a high rate, fake new and documentary every where preaching lies and deceit.
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That is a very nice question every body have desire to own bitcoin but no body want to use bitcoin as a currency, bitcoin as a digital currency is not made for an investment alone but to serve as a digital currency that will connect the world. But the major problem we always face with bitcoin is low adopter's in the sense that business that will accept bitcoin as a means of payment for they goods.
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Cryptocurrency is an a digital currency that has no virtual representation and at that having a virtual market place for it is an unnecessary development due to the fact that it transactions does not require any physical input and it is done basically on the blockchain network which is a digital bank. On like gold and other commodities that have physical value which is traded on virtual market.
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The crash in the price of cryptocurrency market have set a lot of set back for promising project if a project such as the ethereum classic can park reason being lack of found to continue to run the project, it now left in the Hans of the community and I don't think it will survive for long because of the team. But since we all know that the cryptocurrency market is always volatile project team should also know that crash will happen because it part of the market and make adequate provision on how to survive when that happen. I don't think folding up is an answer.
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Definitely one must expect a correction in the price of any commodity even goods that have fixed price also do that some time the price is being reduce because of market demands and so also is bitcoin the price often time changes and no one can tell wish directions it will change that is why bitcoin is term as a highly volatile commodity since it does not have a stable or fixed price. But investors don't have to panic as hodling will not let you lose you assets no matter what price it until you decides to sell at the lower price.
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That is a permanent banned I don't think there is any thing you can do about that and your chances of getting your ban appeal looked at is slim, one thing we need to learn first in this forum is the rule that guides the activities in the forum and make sure we understand them in other not to violate the rules that will result into punishment such at this.
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Please support your claims with links to they website in other to first proof your point is right and secondly helping the members of this forum to stay away from such site. Well we all need to be careful on what extension we download from any site cause the cyber space is full with different people with different motives.
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Am in support of ICOs regulations because it will give authorities the chance to see to it that any ICO capable of accepting a working projects an ICO team should be able to figure out an existing problem in the society and be able to fix such problem on the blockchain technology making it a global problem. If icos are regulated properly the will be low rate of scam ICO that tend to run away with investors found.
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Since bitcoin is a decentralized currency is hard to say what one opinion really is due to the fact that any thing can come when it has to do with the price of bitcoin, the market can not be predicted as it subject to so many factors that have capacity to affect the price of bitcoin at every point because bitcoin drive on the force of demands and control supply. But I wish the future will favor bitcoin and there should be wider adoption of bitcoin.
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Government's of many countries are against bitcoin because of it total freedom and decentralized nature bitcoin can not be controlled by any individual government or institutions, bitcoin is not like the paper money that is centralized and control by the government. Government can only regulate the individual activities in the bitcoin network and the blockchain technology in it entirely.
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Freedom of weapons is just like total liberty to man oppression and the rate of killing will increase because any one can have access to weapons but once there is regulations of weapons the government can now do their regulations work to minimize the rate of crime in the society.
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Cryptocurrency is a decentralized currency and it operate on the economic forces of demands and supply and this two forces determined the price of the commodity in the exchange market, since it does not have a fixed price so it remains highly volatile the price can change at any time.
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Everything on earth needs miracle but I still believe that bitcoin and the entire crypto market is not in a sorry situation yet yes the market is down but that does not make unrecoverable. Bitcoin price is going to recover from this blood bath and at the end the market is going to be stable for some time after that the price will start increasing again it my personal observation.
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So many business firms are beginning to accept bitcoin and other altcoins as means of payment on they platform's and the blockchain is the digital bank which this chain operate on, very soon the real financial revolution that the blockchain technology offer will come into full play the financial freedom without any third party interference.
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As you see guys, price falls and falls, that's very bad we all know and it's not something we want but it keeps falling.
This fall was also sudden and somehow very suprising not only for me but maybe for you too.
Do any of you think that it has something common with mining? As you see a lot of miners just gave up and left bitcoin mining, not only this...
Imagine following: There are giant miners like bitmain, bitfury and so on... What about if they want to create monopoly? Once for example 20% of miners will leave mining, they'll fill this 20% and more by new and improved equipment which they won't release for a while and make it almost nonsense for others to start mining with currently publicly available miners.
P.S Don't call me crazy...
No I won't call you crazy cause many miners have close they mining farm due to the continues decline in the price of cryptocurrency in the market, but I strongly don't think its only they actions that lead to this current dip we are witnessing in the market as we just witness a hard fork in the bitcoin cash network I believe this also hard negative impact on the price of bitcoin and other altcoins. |
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You should attach a link when ever you want to share news in this forum since all information will be subject to verification as long as it not your own personal contribution. Back to the topic China has been the hubs of blockchain technology and it usage in time past China have open up it economy to the development of different projects on the blockchain network.
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Your analysis are very correct not all apps in appstore are secured in fact the regular cases of hacking into wallets always come from apps from google playstore each time you download any application from the app store your give access to hackers to have access to your personal files and private keys. I lost my coin on an exchange like that.
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