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The financial elites shouldn't panic because of bitcoin or new wealth being created by the digital currency. The cryptos are there for anybody to invest on. Anyway , for sure, I guess they wouldnt just like the way bitcoin has made people climb to financial independence with ease on like the difficulty in building finance with paper money. They for sure would be envious.
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Is only the government policies could stop growth of bitcoin thats if it possible given the decentralize nature of bitcoin , otherwise bitcoin has come to stay for a long time. Although, if it does not transform to fiat / paper money, then some day, it will lose it value either to another cryto or something replacing crpto because nothing stays permanent for ever except God.
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Basically many modern societies are capitalist where we have the bourgeois (known as the employers) and the proletariats(known as the employees )- as postulated by Karl Marx.
In my view, the point then is, it is poverty that has made more capitalist to emerge both individuals or country because of the struggle to survive as also opined by Herbert Spencer (survival of the fittest ). Poverty is in the land & people are trying their hands in different fields and daring new grounds and eventually emerging as new employer, you can name them even globally ranging from those who have made there mark in social media, comedy, arts & culture science & technology, health, hospitality industry etc.
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Well, no jobs, under-employment, insincerity & unaccountability by the people in helm of affairs, fraud order of the day but the inhabitants are peaceful & happy people .
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The saying that all that glitters ain't gold is sufficient enough for us to understand that money is not above all things . Yes, it can sustain one from hunger etc and prolong life but definitely can't give one life. Once death calls, money can't do otherwise. God gives life.
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I also think that the volatility is what makes bitcoin thick as it is an avenue for people to get rich faster ,hence its popularity. Thus, if that volatility goes away , I think traders would also look for the next crpto thats volatile and that means bitcoin would crash.
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I don't see bitcoin nor crptocurrencies taking over the place of paper money. It can only be an option or alternative to fiat. So, it will be an advantage to guys who have it now.
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I do believe that banks are still relevant, I mean the big banks that have existed with reputation. They wouldn't just close your account without notice to you with expected response, maybe when the response don't come at a specified time they take further steps.
Meanwhile, you don't keep money in the bank when you have something better to do with it like investment. So when you keep it there, legally it means you have given the bank the money to the bank to invest for you & give you certain percentage (usually very small ) since you can't take the risk on your capital yourself. Also, talking about bitcoin investment, you can lose it all when you are frauded
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Government won't have no choice than to accept the new digital currency. Btc would even help people to get out of poverty line. Thus, the government should look for measures to incorporate bitcoin in their financial activities.
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Can you really be sure you will profit unless you have insider info?
In some aspects, it is. You'll need to analyze which coin will give you profit and which won't. There are also scamcoins that you should avoid. You better be careful about coins with unfamiliar names and with suspiscious price. Also, it will be better if you'll make a research about the background of the coin you'll trade with. You may also consult the seniors that knows lot of things in altcoin trading. Observation will also help you to avoid losing money. Nice advise menh... I think we need this kind of sound advice in this forum. Meanwhile, I think what moves crypto market are speculation / fear, huge crypto investment etc. Not necessarily guess but you also need education to pick out the best decision at the point in time. |
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Nope ,not until so many things are put in place like transfer charge, awareness etc and it is still an "internet money" as referred in some places. So, if it is an internet money ; that means internet facilities are needed to also acquire it. Hence, the facilities have not gone round & so many people are still either not using computers or are inefficient on it. 6 years is very near.
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I think 60 percent of people own bitcoin by 2020, many people already investing in bitcoin. Because many people use internet and own computer so that people started invest and convince to use bitcoin. Exactly, 60% in just 3 years might really be high for the entire humans. Again, there are some continent that have very very few people who have heard of bitcoin & this number will still add up to the entire number or percentage which will make the 60% a far cry as you have alluded to. Moreso , I like your analogy with computer usage not being measured as numbers who know how to go about btc or have heard of it. Thus, the number of people using computers or internet platforms would not automatic mean they know of bitcoin too. I agree that we might see exponential growth in the user base within next 3 years but still, 60% of world's population is a too much extreme prediction. A person using a computer might not use Bitcoin for some reasons so the number of computer/internet users should not be the main criteria to determine the prediction of Bitcoin's growth. I doubt if we really have 60% of the world's population using the internet. |
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Pushing the use of bitcoin or the physical use of btc is creating adequate awareness and advert which I think that this forum talk on bitcoin and campaigns are already pushing.
With very little time ahead, I so much believe something very good will come in the way of people who are having btc and other crytos now. So hold it firmly or invest wisely.
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The power that btc is gaining these days stems from the current awareness it has now. People are beginning to have confidence in bitcoin & more people are thinking of how they can incorporate btc into there financial activities. This is like a fundamental analysis that is driving the btc.
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Well , the economic text books made a list of things and simplified them as what one has to consider before venturing into a business, the;
Capital - which is a determining factor to the kind of business to establish.
Access to road- important for conveyance of human & materials Access to raw materials — closeness is better because of materials.
Access to customers equally very important too etc
Thus, above all, personally I think what one needs more to succeed in business is strong passion. Strong passion is what would make one have hope to get up when they are fallen.
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Do you discuss btc with people around you & exposing the potential & bounties of btc to them so they could grab the opportunity or you are just being stingy with the information & keeping it to yourself?
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Faucets are really waste of good time I mean. It takes one time yet not profitable. Many faucets site are crap and for btc, you might not hit the target set before withdraw. Faucets are not it & so, not a better way to acquire btc coin nor any other crypo
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Investors have proven that if you were able to buy bitcoin later than this year you could have earn big today because the value of bitcoin rise so much that it has reach $4400 and the good thing is that the probability of reaching $5000 before the end of this year is very likely to happen. I guess everyday is a good
opportunity for bitcoin because it has no limitations when it comes to appreciation
The rise is not over yet, what we have seen currently will surely continue so I advice to hold your bitcoins. If it's possible to have a growth this big this year then we can expect that the next year to come there will be similar progress to witness or maybe bigger than what we have seen now. As for me, I'll continue to hold as the trend is still going, in time I will be rich because of bitcoin and I believe it will be soon. Also for investors, it is also nice to jump in now so as to benefit from the expected further break upwards rather than waiting outside for when price will drop which might not happen or to an expected range before flying upwards again. |
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Bitcoin currently is an worldwide present because you only want the net if you want to make use of Bitcoin and in present-day globe virtually everybody has access to the web. But the point is that even tho everybody can use it not every person wants to use it.
Sorry, not virtually everybody has access to web. Some continent barely can record just 30 to 40% of the population having access to internet, while some countries barely have 10 to 20% of her population being able to use the computers & web. So you see, is still a far cry talking about international usage for now. |
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For a btc to get to 50k dollars? That is huge & come to think of it, it is not impossible going by the rise in the btc these few years & the recent upwards movement this year. Btc is actually getting more awareness and it can get to such height.
I will be alive to manage mine by God's grace.
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