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81  Bitcoin / Bitcoin Discussion / Re: What are your thoughts on market manipulation? on: February 05, 2018, 10:47:34 AM
Quote from: prashanta on February 04, 2018, 06:10:26 PM
I was trading in April 2017 just as I am in January 2018, and I find very few similarities between the outlook for bitcoin in these different time periods. The cryptocurrency space today is orders of magnitudes more mature than 2017. What is making me even more bullish is that mainstream speculators still seem to live under some kind of illusion that bitcoin is built on “stone-age technology that has failed to adapt” and avoid investing in bitcoin for this reason. I remain positive that the positive momentum building up around the Lightning Network can eventually serve to recapture some of that capital.
Let me know by the comment below!
If Bitcoin wants to be taken seriously, it may not be easy or legal to manipulate the market. While decentralization should replace the rules, there is obviously a way to do it before it is taken seriously. "As a major investment in cryptocurrency assets and as countries take steps to legalize bitcoin as a payment system (as Japan did in April 2017), it is important to understand how fragile cryptocurrency markets can be manipulated.
82  Economy / Economics / Re: Which Asian countries have the greatest influence on bitcoin? on: February 04, 2018, 06:51:45 PM
Quote from: vintamodern444 on February 03, 2018, 01:01:42 PM


Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
The decline in bitcoin prices due to news from China happens quite often. This can be a constant source of unrest and frustration for people holding bitcoin in the long run. News from other countries also has an impact on bitcoin prices. One of the most notable examples is the destruction of Mt Gox ... It is used as one of the largest bitcoin exchanges in the world operating from Japan, there are many factors that play a role, but most importantly most of the trading volume and bitcoin power mining are concentrated in China. Bitcoin, as a technology, is designed to operate in a decentralized way. That means that no central authority can make decisions on behalf of all network users.
83  Bitcoin / Bitcoin Discussion / Re: Why do people want Bitcoin? on: February 03, 2018, 05:52:50 PM
Quote from: CrystalPham on January 30, 2018, 02:33:32 PM
Why do people want Bitcoin?

Bitcoins act as new currencies in the digital age. It can cross borders without any banks or governments.

The recent boom in Bitcoin may be great news for those who put money here early. But it also made it possible for Bitcoin to become a distant currency.

I can now use my Bitcoin number to buy stuff at Overstock or book a hotel at Expedia. But if I use Bitcoin to buy $ 25 on the Overstock today, and next week Bitcoin prices will increase fourfold, I'll feel that stock is $ 100. If Bitcoin loses its price, at least I still have the stock to use.

Bitcoins are considered as a kind of asset, instead of currency, with great profit expectations later on.
The main factor people want bitcoin for sure is its big nominal whenever it can go up or down, more great also if bitcoin prices go up and reach incredible price, surely everyone also want.
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