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Gold is comparatively more stable and risk free. All Central Authorities across the globe recognize GOLD or SILVER as a cash reserve parameter.
V/s
BTC is quite volatile. Legal status and acceptance of BTC is not clear till now at global level.
Conclusion: No doubt people are gaining a lot faith on BTC and take it as suitable mode of investment to get better return where as GOLD or silver is said to be safest investment.
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Mining and Hodling both are totally different practices in my opinion.
Mining require both capital and patience, Miners need to invest a lot of money initially and it takes some time(around 7-8 months to recover the investment and get favourable Return). Also good technical knowledge is required and it also involve maintenance cost in long term.
On the other hand, you can buy or sell BTC at any point of time without any such problem. Not much technical knowledge is required.
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There are alot of countries where BTC transaction is illegal. Some of them are Bangladesh, Bolivia, Ecuador, Thailand. So we can't say that no govt. has stopped BTC till now.
Whereas, other countries have the status "NOT ILLEGAL". they are still looking for the wayout to regulate BTC and other Crypto-currencies.
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There are some other courses available for Blockchain & Crypto-currencies
Khan Academy - ONLINE
Cryptocurrency Investment Course 2017 at Udemy: ONLINE
Princeton course - Bitcoin and Cryptocurrency Technologies at Coursera: ONLINE
UC Berkeley - Workshop notes
MIT - Blockchain at MIT
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This time even Buffett's statement about BTC was unable to pull down BTC pricing. It proves that now days Users likely to have a rigid trust on BTC. Market cap of BTC is growing very fast that proves that people allaround the globe is showing their interest in BTC and want to invest in it.
But definitely i agree with him regarding of his ICO review statement. Most of the ICO's are scams.
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Govt. can't able to control or regulate BTC transactions till now so they want to ban it so that they can win this lost race. But BTC is successful due features like decentralized and anonymous transaction. So if govt. want to regulate BTC, it would be contradictory with these feature.
And I don't much believe in ICO as most of them are fraud and very high risk is involved while investing in it.
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I don't support them coz if it keep on going like it then that day is not too far when BTC20 tokens will be seen in Market. Just like ETH blockchain, BTC blockchain also get populated with various tokens which i personally don't want to happen. There are some people who supports these forks saying that it bring improved version of BTC system but i still don't support it.
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i don't think that any bank in the world is accepting BTC. Centrals banks and govts. are the big time haters of the BTC, so how could they support it by accepting BTC as a payment mode. Many banks are preparing to launch their own crypto-tokens to give a hard competition to BTC but obviously all these token would be centralized and controlled by govts and banks.
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Banks are not against Blockchain tech, they just do not want Crypto market to grow. As more and more people started investing in this crypto, govt and banks will lose their control from Economy. This will lead to end to banking era which obviously bank officials do not want so they always try to slam cryto market through their negative statements.
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It may help to overcome problems like corruption. It is seen that most the amount that is donated or alloted to these poor countries does not really reach to them....many middleman like bureaucrats and political ministers use this money for their own benefits. Monetary Transactions though Blockchain will give full trasparency and does not need any third party to make an transaction. This is the key we can use to help these poor countries through blockchain tech.
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I don't know as per stats of market cap...US seems to be the crypto-leader as max transaction in BTC take part in USD. On the other hand, Japan recognize BTC as a legal payment method and therefore Japanese don't have any fear while investing in BTC.
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freebitcoin is not a fraud. They have already paid a good amt of BTC to their users as a reward for completing the task, they were asked to do at their site. There is no fraud case reported against freebitcoin till now. So I think you can trust them.
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I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere. There are already ATM machines in every location you can imagine. http://www.coindesk.com/swiss-government-paving-way-bitcoin-blockchain-banks/They are obviously building the infrastructure to attract bitcoin holders there. We saw how bank secrecy is a failure with the leaks of bank accounts from lots of people. I think those famous idiots with lots of money will learn about bitcoin and start using it to hide their money from governments, and this will push the price up big time. Few months back a news has been published saying that E&Y Switzerland , one of the BIG four accounting firm can accept BTC as payment and install a BTC ATM in their Office in Zunich(switzerland) |
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Nobody knows about the second most BITCOIN HODLer as there is no way to detect it. Being decentralized and Anonymous, nobody can trace the wealth of an person in BTC. I think any of the satoshi's close friend or family member might be holding a great amount of BTC coz satoshi do want them to be rich and financial stable after his departure.
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Btctalk name: Sixoffive
Rank:Full member
Current post count: 185
BTC Address: 1Hn6WLAbkNVhdtAoeTMPmshRRiMuckhdcn
Wear appropriate signature: yes
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I think BTC has huge growing potential in future. As much people around the globe are not even aware of BITCOIN technology and BTC existence. So still it got huge untouched potential market.
I personally think BTC will cross the $20k till 2020 year.
Lets see what new changes happens n future.
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