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Following bitcoin`s footsteps more than 1000 altcoins get introduced in cryptocurrency market in last nine years. By seeing bitcoin`s success among investors many banks are planning to introduce their own cryptocurrency. Among all these altcoins very few are doing well. Currently other than bitcoin there are top five altcoins operating in the market, Ethereum, Ripple, Litecoin, IOTA, NEO and MAIDSAFE. Among these Ethereum is the most popular one with price tag of $1028. Ripple is famous for friction less fund transfer. IOTA is a smart machine to machine interface without human intervention. NEO has a solid backing of Chine`s government. MAIDSAFE is a decentralized application for everyone. These are the five best coins currently available in market.
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There are many altcoins introduced in cryptomarket since last nine years. Apart from Bitcoin and ethereum I don’t see any altcoin have bright future. Bitcoin is the mother of all cryptocurrencies, its price growth has shown its popularity among all other coins. Ethereum is the second best option in cryptocurrency market. If bitcoin is gold then Ethereum is immediate silver. However investing all your money on single coin is always risky. It is recommended to invest in different forms of investment tools like Banks, Gold, Equities, Physical property, SIP etc.
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Bitcoin has travelled from $1000 to $19000 in just one year. After crossing $19000 expected correction started in bitcoin currency. But due to sudden ban from Korea, bitcoin community become panic and started selling their bitcoins. Due to which bitcoin price slipped below $10000 mark. For new investors or even for new investors this is a good opportunity to accumulate bitcoins at such low level/price. As soon the correction is over bitcoin price will start rising. Things like these have happed in bitcoin currency’s history much time. Bitcoin is rising sharply with every fall.
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Bitcoin is the most popular cryptocurrency. Not only common investors but billionaires, politicians and even financial institutions invested in bitcoin currency. Many speculators have investments in bitcoin currency; they are always keeping it volatile. But ban by bitcoin leading countries have shaken the bitcoin community. People are diverting their funds; as a result bitcoin price is falling sharply. If this situation continuous people may lose interest from bitcoin currency. If any new, much advanced crypto currency comes in the market then it will be a big competitor for bitcoin.
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Bitcoin and Ethereum are the two best cryptocurrencies. Bitcoin is the best tool of short term as well as long term investment, it has shown this from its performance in last three or more years. It has given its investors more than they have ever expected. Ethereum is the second best altcoin other than bitcoin. Ethereum is showing good performance, its price has risen from $283 to $1370 in just six months. Ethereum is less volatile, much cheaper but have potential to grow in near future. Other than these to Litecoin is also a good altcoin.
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Traditional currencies are issued, controlled and regulated by the central bank of that country. Volatility of such currency is regulated by government. Bitcoin is a decentralized, digital currency. It operates on peer to peer exchange system, so no third party interference is needed. So governments of many countries have fear that bitcoin may affect their fiat currency, so they put a ban on such decentralized currencies. Bitcon`s decentralized nature is increasing its use in criminal activities. Australia, USA, Japan have found use of bitcoin in drug trafficking, money laundering and also in terror funding activities. So these countries banned bitcoin from their economies.
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Bitcoin is the most popular cryptocurrency. It is the first cryptocurrency introduced in 2009, after that many currencies get introduced but among them very few sustain and become popular. Ethereum is the best altcoin other than bitcoin currency. Its current price is $946 as compared to bitcoin`s $10346. Bitcoin is very volatile currency, comparatively Ethereum is less volatile and stable in nature. It has potency to overcome bitcoin currency, but needs promotion among investors. Bitcoin`s volatility, increased transaction charges and ban by many countries compelling its investors to find a more secured currency. For them ethereum is the best option.
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Fiat is the most popular, easily convertible/ exchanged, widely accepted most popular currency. Almost all countries of the world have their own fiat currencies. Many currencies get invented over the period of time but fiat currency is still retaining its value. Altcoins are the youngest currencies of the currency markets; they are just nine years old. They have not yet accepted and reached in all parts of the world. Trade in altcoins requires specific software and hardware. Fiat and altcoins works on different plateforms. Their users are different. Altcoins are more popular as asset or tool of investment. Fiat currencies are the most popular currencies. Comparison among the is not worth.
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If you have asked this question three months back, future of bitcoin was very hopeful, bright and promising good returns. Bitcoin was around $1000 a year ago, by the mid of 2017 it has crossed $19500 mark. People were mad for bitcoin currency. Not only common investors but billionaires also invested in bitcoin currency. By the end of the year profit booking started and bitcoin price slipped below $10000. This is a sign of worry for many. Today bitcoin price is stable around $11000. Due to this hugs volatility many investors are going away from bitcoin currency. Addition to that bitcoin transaction charges are also increasing. If bitcoin community or bitcoin miners think about this seriously, it may affects bitcoin`s growth.
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There are more that 1000 cryptocurrencies get introduced after bitcoin. Among them very few are popular and working efficiently. These cryptocurrencies more or less follow bitcoin currencies in their operations. As a result, their prices vary with bitcoin prices. When bitcoin price highest price of $19600, all cryptocurrency market enjoyed this price rally, their prices also get increased. Now bitcoin price is falling continuously by various reasons, affecting altcoin prices. Altcoin prices are also falling. It will take some time to recover.
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Indeed bitcoin is one of the good ways to invest money. Bitcoin`s past figures have shown that it is the highest return giving cryptocurrency. Bitcoin has given its investors far more returns they have ever expected. But it is not the only way of making investment. Bitcoin is the most volatile currency, its price moves with great pace on both sides. So investing all your money in one currency is a big risk. It is recommended by investment experts to invest money in diversified ways. Make some investment in banks, in tangible assets like land, house or even in gold.
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All currency prices directly or indirectly affects each other`s prices. USD is the most powerfully currency of the world. USD get accepted all over the world, many international trades get settled by using usd, If USD falls it affects the world economy. If USD falls sharply by any reason, not only bitcoin but all the currencies will get affectly. Bitcoin a popular will definitely get affected; USD currency investors may divert their investments to bitcoin currency.
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Bitcoin as a course or any related currency on web.
In my country we have multiple courses in computer especially programing and web developments. My course is also information technology, but i've never heard or learn about online currency as bitcoin. In present, and future studies is there any chances for inserting about it in education. In your country is it available?
It would be better for any country to adopt bitcoin in educating new generations. Instead of playing games and wasting money in surfing xxx sites.
Thats todays need to educate new generation with advanced technology or upcoming new techniques. Our new generation must be aware about future of currency and their advantages and disadvantages. Gap between theoretical study and current or upcoming trends in technologies, is most important drawback of our todays educational system. So students of information technology also unaware about cryptocurrency and virtual currency. These currencies are future and this new generation will carry these technologies to higher level so they must be educate at their college and school level with these techniques. So I expect this adaptation in educational system. Also students must have enthusiastic attitude about new upcoming and current technology. If schools and colleges not included this upcoming and current technology in syllabus then students have to increase their knowledge through different sources. Students have whole world on their fingers i.e. on mobiles. They must use it to upgrade knowledge. |
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If I suffered with huge loss then I will never give up or stop trading, then start newly but with care. I will start tarding with small amount and step by step increase it in future. I know that still I losses my amount, I will complete my target in next quarter. So I will keep going with care and judgment that help me for taking decision on time to avoid further loss.
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Bitcoin is something radically new. Nothing like Bitcoin has been possible until now. I would go so far as to consider it sui generis; "in its own class". This makes it important to understand what Bitcoin actually is before we try to describe it to others. We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money. My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted] Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted] Webster's Online Dictionary defines money as: - 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
- 2. Wealth reckoned in terms of money; "all his money is in real estate".
- 3. The official currency issued by a government or national bank; "he changed his money into francs".
- 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
- 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
- 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.
[links omitted] [/list] I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice. But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money? I belive bitcoin is not totally used as money, but it can be use like money. As per your post, bitcoin passes first definition of Webster's online dictionary as medium of exchange, yes it is also right that it is not common and still not legalised all over the world, but still in some part it is used and accepted as medium of exchange. Bitcoin doesn't have physical appearance but it is having uniqueness. It is open to all but having control of owner itself. Now a dyas bitcoin is not used as money but by adapting some changes it can be used as money. |
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Yes, people's all over the world have to recognize bitcoin as currency. Bitcoin is having that much advantages and benefits due which its demand increses day by day. But due to some disadvantages like fluctuations in value, high transaction fees, open to all nature and securities problems bitcoin failed to enter in routine use.
But obviously world is changing and cryptocurrencies are future of currency so we people find out solutions on these problems and bitcoin become accept all over the world.
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Yes, this is one of the problem for bitcoin to come in routine use. As all we see bitcoin as a future currency, for that it must be easy and fast to handle, this is todays need of fast and quick life style. And bitcoin and other cryptocurrencies having strength to overcome these problems. Now a days people all over the world realised the benefits of cryptocurrencies and hence demand going to increse day by day. And this demand going to solve these problems to cryptocurrencies become in routine use.
And that will happen soon....
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I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
Bitcoin banned by some governments because they don't have control over it. And may be they consider it as threat to banking systems. Governments afraid about bitcoins high value and its challenges to banking systems. The transactions taken place for cryptocurrency are anonymous so flow can't be trapped, thats affect income tax and this is main reason behind banning bitcoin. |
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So I made a BTC transfer yesterday. The fee was $11 and it took less than 5 minutes to confirm.
I am hoping this is a sign of scaling solutions coming to fruition.
Thats great. We see bitcoin as future currency, but one of the problem of high transaction fees is main drawback that affect it. So this is good news for all bitcoiners thst decrease in transaction fees. That will help bitcoin to come in main flow of finance sector. Less transaction fee increses demand and routine use of bitcoin. |
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Bitcoin is currency or asset is totally depends upon use by every person. It used as currency as well as asset as per requirements. We say bitcoin is virtual cryptocurrency and we see towards bitcoin as future currency, still it can be used as asset because it gives better returns. Bitvoins price rises day by day so people buy it and hold for long time so as to get better returns.
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