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If some one wants to invest, He/she will invest no matter what happens. Since you asked this question let me provide you with 5 most common reasons or factors for not investing in Bitcoin.
1. Bitcoin is very volatile
2. Bitcoin is a ponzi scheme
3. Negative News from Media
4. Lack of Knowledge
5. Negative approach of the Goverment
There are many more, but I think the above listed are the most common oneas..
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There is nothing to panic at this moment and I do not thing Bitcoin will go below $1000 anytime in near future. It is still holfing up prettu good at $6000 - $6500 level. This is the right time to buy and HODL for some decent profit.
There is a simple saying "Anything that goes up will also go down". Last year Bitcoin reached it's Highest level and this year is for corrections.
HODL on tightly with your cryptos till the end of this year and you will surely be rewarded.
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I peesonally do not think Bitcoin is a threat to National currency of any country or Jobs. I feel that it has given option to everyone to make extra or more money than what they might be earning through their Jobs.
Some countries do have the thinking that Bitcoin can be threat to their economy or their currency, but they have no evidence to prove it other than the assumption and rumors surrounfing decentralizaion.
I thing that Blockchain is a threat to many Industries untill and unless they adapt to this emerging technology.
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This is a known fact if the price goes up it will surely go down. What happens if the price of Bitcoin falls to $1000 in 2018, will this be considered as a Worst Case Scenario or something else?
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I recently Joined a Signature Campaign and found few more interesting ones that had me think, whether it is possible to Join more than one Signature Campaign for a Jr. Member, if the Bounty program allows.
Thanks in Advance.
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Yes it is
It has been breaching every aspect of Privacy and the same for its other products.
it is better not to use it.
BTW nobody talks about Google.
it is better to stay away from technology I guess
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Now thats what you call a Good News, As more and more countries embrace Blockchain technology, it will help Cryptocurrency market.
This will open doors to new investors and create a positive atmosphere, which eventually should lead to other countries removing Ban and legalizing Bitcoin.
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It is better to DYOR then relying on others oppinion. If you make profit you will then you should be prepared to bear the loss. It is how trading works. If the market is up it will go down. Furthermore you are investing in an emerging technology, therefore you should understand know the Pros and Cons.
For the Good of Cryto people who rely on opinion of others should stay away. It is better for them to invest in something else where others opinion matters.
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The following are the Best option available as per the Internet and you will also see my answer to those
1. If you are using Hardware Wallet - Safe until you loose the wallet or the Private Key
2. If you are using Paper Wallet - Safe, until you forget where you kept it or loose the paper
3. Desktop Wallet - Safe. until your desktop is compromised. For ex: spyware, malware or virus/
4. Smartphone Wallet - Safe, until you loose it
So, What is the Safest way?
It depends on you if you keep cash and jewels safe in your pocession or in your House. You can do the same for any Wallets stated here.
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First of all thanks for posting such an informative article.
What I knew was the best way to store your cryptos was to use a hardware wallet.
Now with this post I undestood that android smartphone provide the same level of security like a hardware wallet. Thats good to hear, but still I would prefer a hardware wallet over any other option, as I have a very less chance of loosing my wallet and a very high chance of loosing a smartphone.
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Nice Question!\
In terms of usability Bitcoin is one of the most used mode of payment within the Cryptoworld as it has one of the highest value in ratio to Fiat. It is the cheapest and fastest mode of transfer of Currency as compared to Fiat. It has replaced one of the most common assests known as property as its value increased significantlly last year. It is one of the most secure and safe way of trading in Crypto exchange. All Alts are traded using Bitcoin.
Now if you are looking to replace Bitcoin you need to change the above usage. I doubt if it will ever happen. Might happen or Might not, only the Future will tell.
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First of all Thanks for this Informative Post. I had no clue that Belgium had 8 Bitcoin ATM's and more than 3400 across the Globe. This is Good to know information.
Slowly and Steadily Bitcoin is spreading across the Globe. These countries and their Citizens are changing the perception of Bitcoin and Cryptocurrency as whole.
Hopefully someday every country in the world will have Bitcoin ATMs.
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