The volatility of the cryptocurrencies in the market is what makes the big bankers to not be threaten. People doesn't want to stick to something that is unstable, majority of the people in this world always prefer a currency that is stable and regulated so they can feel comfortable when using it and they know that there is someone that is leading them which is the government.
Big bankers always have this ideology. People commonly have a thinking, something instable isn't good to be used as same as fiat. Global financial stability is much associated with the fiat as the cryptocurrency contributions were very low. Governments that are with the plans of adoption and development of own cryptocurrency feels this to be too early for the same. fiats not stable ? i think your wrong . fiats are stable . people do also love the idea behind cryptos , the unstability of cryptos rather because this gives them a potential to earn . crypto do not threaten the financial stability at all because it does not over lap with the fiat . fiat are still the ones the riegn offline while people only use crypto on the side specifically for online use and for doing business like trading or investing . bankers infact love crypto's and not hating it . Yeah in the start banks were afraid of crypto as they used to think that crypto might surpass fiat as it is borderless and anonymous and upto a certain extent they were also right. So to overcome this they started campaigning against crypto altogether in the shadows and made the reputation of crypto as a payment method used for buying drugs and money laundering. Now crypto market is less than a trillion dollars combined and this is just a small pond as compared to the oceanic fiat currencies. |
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I am not taking sides here. I love crypto and I need fiat.
I jet paid in fiat and has to get my things done in fiat. Crypto for me is mostly an investment. I aspect the price of the crypto I hold would increase in price and I'll have a profit selling it. I don't expect the same from fiat.
So basically you love fiat and you are in Crypto for just taking profit as an investor. I don't think like that as I love my privacy online and many a times it's better for us to hide our identity while surfing online. So it is the main reason why I choose to use crypto instead of fiat or using banks online and also many a times offline on the street. Also crypto protects us from censorship and also from price inflation that is quiet high in many countries like Zimbabwe. |
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With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.
Would the people actually use Libra should it be approved by the congress?
This is the biggest concern of the United States of America as Facebook is the biggest social media company in the world and if it has its own currency then maybe it will get a monopoly in the digital payments system and this is the main fear that the feds are having, thus they want the Facebook Libra project dead. And with the Facebook's anti trust lawsuit going on this will surely be a problem for them to launch Libra. |
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So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?
Im sure the Beginners lose coz of FOMO.
I lost more than half a bitcoin in just a single mistake in less than a few minutes on day a few weeks back. I used to do margin trading on bitmex and it was just a usual day for me but on that day I was outside my house and didn't had access to internet and I had a few of my longs in place right before leaving the house. But when I got back in the evening I was shocked to see the price below my liquidation price and all my bitcoins earned from the past month were gone. |
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Ten years is not enough for bitcoin and altcoins to replace fiat currency. There are many requirements that must be fulfilled before this can happen.
And I don't know where this Deutsche Bank Research made thier prediction. And this reasearch doesn't think about people who are ignorant of bitcoin / altcoins and how these people would accept bitcoin.
But digital currencies replacing fiat doesn't altogether mean that bitcoin or any other crypto will be replacing the fiat currencies. Maybe in the coming years the central banks of the world can make an alliance and then they will form a digital currency for the world and that would become what US Dollar is as of today and if this happens then it will surely be the end of fiat currencies as we know it. |
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Almost every day a new person comes up with the claim that he/she is the real Satoshi. The real satoshi surely does not want any kind of fame. If he/she/they want fame he could have disclosed his identity earlier. But what could be the possible reason that Satoshi still hides his identity? Does he have a big plan for the future?
The main thing is that if he would have shown his identity to the world then bitcoin would have become centralized as he would bear the responsibility of everything and also government could also find a way to defame him. But since bitcoin is not having a father so it have become community driven currency and the decisions are made by the people on what to do and the future of bitcoin. |
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I ask at every single store I visit - most people haven't a clue what I'm on about when I ask. Hopefully that encourages them to research later.
Of the people that knew of it - some said it's too low volume (1 in every 500 customers or smth asking to pay with crypto) and others say they would rather refer them to an ATM (or install one depending on how big demand is) and have them come back with cash.
I have also asked the shop owners about them accepting bitcoins or crypto payments but only a few of them know about it and others don't even know what it is. The owners are interested in more institutional payment methods like PayPal or credit and debit cards as they are convenient to use for them and are Hassel free as compared to bitcoin payments. |
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I don't think the comparison of gold and Bitcoin is right. Gold is a mine. Bitcoin is something different. Also, if we are going to compare it with something, I think we should do it with USD and EURO.
I totally agree with you. Gold and Bitcoin have nothing in common except both are investments. One being the world's most popular investment (gold) and the other being the world's fastest growing investment. Other than that, gold and Bitcoin have nothing much in common. the evaluation of gold is purely mentall, it could quickly be replaced, simply by a non or even anti gold civilisational culture.
I don't agree with you. Gold has been the world's oldest investment and quite frankly, nothing has ever even challenged it's popularity as an investment. Bitcoin is like 10 years old and I don't think it's right to speculate it of replacing an investment which is like 10 centuries old, even longer for that matter. It is far more easy to replace Bitcoin than to replace gold in the global scenario. |
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Bitcoin has just turned 9 years old...it was nine years ago that Satoshi Nakamoto shared to the world the whitepaper that would be the basis for the creation of Bitcoin and its underlying technology called the Blockchain. The ride was not really that easy because it took some time for Bitcoin to finally caught some fire which pushed the digital currency into the attention it is getting right now. People of course doubted at that time how can mere programming be able to create a digital currency that would have some value. As of today, those people who took the risk (no matter if they might have not been serious at that time) are experiencing the surprising rainfall of value they might have never expected to happen. Lucky for them...for many of us we have to work hard to get our Bitcoin though it is really worth every penny of the hard work (or money) we put in to get hold of some Bitcoin. There are still many people who are holding the idea that Bitcoin is essentially making money out of thin air. It is as if the idea of Bitcoin has not yet been absorbed by their consciousness and so many can be dismissing Bitcoin as just another fraud which is waiting to pop and to just evaporate like a bubble. Of course, we have already progressed out of this stage and right now Bitcoin is already an accepted currency and store of value by many prominent personalities and institutions. Everything you have said is absolutely right, but still the bitcoin is like the internet of 90s and there are a lot of new features that should be added to it and also the people were afraid to invest in the companies related to web back in 90s and the same is still happening, but those who came in early in bitcoin industry are now rich as you can see and the same happened with internet too, so I think this is a good enough reason for investing in bitcoin and being bullish about bitcoin price. |
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I'm not talking about these supposed stablecoins like Tether, but normal coins. Let's say an agreement was made among all the major Bitcoin exchanges. Starting January 1, a Bitcoin is worth $5000 USD, plain and simple, and that's it. The price never goes higher or lower. A Bitcoin is $5000 today, tomorrow, next week, next month, etc. NOTHING changes it. Not a war, not the economy, not Trump getting re-elected (which he will, he's doing a great job), nothing.
I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
If the price of the Bitcoin is fixed, then I simply don't see the importance and use of Bitcoin in the mainstream and its use in everyday life. If the price of the Bitcoin is stable (fixed), then why in the world would I exchange my government backed fiat currencies which are accepted everywhere for crypto like Bitcoin which have a very limited acceptance and can be banned by government any day they like. If I prefer stability then I would prefer fiat over any investment because value of 1$ will always be 1$ so no need for me to let go of my money. Fiat is without any doubt the more stable than anything in the world. The only use of that crypto left would be anonymous transactions which will be needed by a very few people on a daily basis and that crypto would loose all its popularity and I don't see a very long future for this kind of coin at all. |
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Didn't noticed that its already a year since the all time high days. If we will compare 2015 and 2018 which means 2016 doesn't really have much action so be it by 2019, we'll experience the same?
The chart is okay but I don't think 2019 will don't create a buzz. Institutional money is about to enter the market so I think it will be the entrance of big investors by 2019 and probably the start of the bull.
We have been hearing this statement from a pretty long time, the government is lacking interest in making bitcoin ETF fast, they should have already legalized it by now but there isn't a thing about it till now. The government is killing the buzz about bitcoin and institutions are making this dump longer because they could buy in cheap as when the next bull run will start then there would be no end to it this time as the institutions are risking their money now. I even found a video that was saying many experts of Wall Street are now investing in bitcoin in secret but telling the people opposite about bitcoin. |
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It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.
Bitcoin might fail, but the idea lives on to make a better "Bitcoin".
Before the coming of bitcoin there wasn't anything that people could use to transact online with other people and the people used to do bank transfers to make deals with people in some other country and that took a lot of time to confirm and wasn't at all trusted so the chances of being scammed was pretty high but bitcoin was liked by everyone as it holds value and in case of transacting online you can't get scammed now as escrow are possible, so for the people who have business online they can use bitcoin to get rid of many problems like charge backs and frauds. |
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If you take a look to coinmarketcap top 20, and if you exclude Binance Coin (own blockchain in the near future), the only token here is EOS, on the 6th place. However, there are some interesting tokens on the market (nice projects, good teams, etc.). What do they lack to climb to the top 20 by market capitalization?
Everything has to be perfect for a token to even become popular, let alone be in the top 20. Even if you have got everything in place, you still require luck and tons of it, for a token to reach the peak position in the competitive crypto market. The reason behind this is scalability of the project as it is very difficult to scale a token. I will try to explain the reason to you in simple terms. Consider a protocol like Bitcoin and ethereum as an ecosystem and various tokens based upon the protocol as it's components like animals. Whenever any animal (token) grows, the ecosystem grows and there are tons of animals so the chance of growth of ecosystem are very high. On the other hand, a token is just a single species of animal and it is very difficult for a single animal species to grow to levels so that its population itself can compete with the whole ecosystem (protocols).therefore protocols like Bitcoin and ethereum are way safer and faster growing investments than tokens. For tokens to be successful, an amazing idea backed by a strong team who can generate a serious amount of hype can help the token to grow to serious heights but still luck plays a very very crucial role here. |
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As we seen this year was so bad for almost all ICOs, what will be the next move to garantuee a safe and sustainability investment in the crypto world?
I don't think investment made in crypto will be able to fetch you good amounts of profits right now or in near future for that matter simply because the market has taken a huge and unimaginable hit which will take a considerable amount of time to recover. Invest only and only if you are willing to wait for an year or longer to see your investment grow otherwise a loss is somewhat inevitable. Hope the market recover soon!!! |
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I think Cryptoncurrency like bitcoin have a very good and bright future. And according to me and many economist it has the potential to lead the future cryptocurrency market. Bitcoin is heavily use by many people for the daily needs. And also use by many investors for investment and by online shopkeeper for their business. And many people use it online transactions facility for many thing. And these things shows that how bitcoin involve in people life. And this thing secure its future.
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Federal governments have reason to be against bitcoin and decentralization. Digital gold would prevent governments from magically printing money while digging the debt hole. Their actions and transactions will also be transparent thanks to blockchain technology, and they're not always honest. News platforms will be decentralized, decode hidden agendas..Often involving bad propaganda from governments.
What makes you think that a digital gold would prevent a fiat? There's nothing that shows that even a massively used crypto would stop a fiat from being widely used or even still mainly used. Different government different issues and agenda with bitcoin and because of this they ban it in their country. Some government doesn't want some outside currency in their country in which they have no control. And Because of decentralised nature bitcoin is out of the regulations of government. And this is one of the main reasons behind this. Another reason is tax. Because of its digital in nature its user does not pay tax to their government and this thing ultimately affects the country economy in a negative way and because of this also many government ban it in their country. |
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They expected to be better off the moment they invested in but the idea of bitcoins is not as they think, hence they will tag it as a ponzi scheme or fraud.
Different people have different opinions about bitcoin. According to some it is useful and profitable thing for them. Where as according to some people its is scam and it does not a profitable thing. Many people like this mind set also considering bitcoin as pornzi scheme. Bitcoin volatile nature is the biggest problem of it. Because of this its price fluctuate time to time. And many investors loss their investment and consider it as bubble or pornzi scheme. According to them it increase market price is and all other benefits is just for show off. |
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in my opinion, this is due to high supply compared to demand, therefore price will fall, and this could be the reason for falling btc price in the market.
Their are many reason behind the falling price of bitcoin. Bitcoin is a highly volatile currency and because of this its price fluctuate over time to time. First reason is its irregular in its production and distribution, when bitcoin doesn't supply according to its demand then their is downfall shows in the price of bitcoin. And this is occur due to irregularities produce by miners. Another reason is the negative news by different media all over the Internet. And when big country ban bitcoin trading marketing in their country then the downfall of its global price is see. |
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Which one is more profitable to invest into.
Can BCH ever over-take ethereum when BTC moon?
In comparison to BCH and Etherum. I choose Ethereum over BCH. And their are many reason behind this. First of all Ethereum is highly sustained cryptocurrency then that of BCH and this is the main reason which help me to trust upon Ethereum over BCH. Another thing is Ethereum is ranked as number two according to the crypto currency ranking and BCH ranked as number four. Ethereum is also accepted by many popular countries and software countries then that of BCH. And this thing show how Ethereum is good then that of BCH. |
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There are so many altcoins with lot of features and different type of usage, some of them are fake and some of are very good.
What coin do you think technically the best among them? (Don't just judge by the popularity or by the market price. )
In between all Altcoin Ethereum and bitcoin cash a.k.a BCH are good for use. They are high sustained cryptocurrency and their market prices are in a profitable range. Ethereum is mainly use for long-term investment because of its market stability nature. Where as BCH Is use for short term investment purposes because if its increasing market price. Both coins are good for both national and international transaction. And another thing is Both altcoins are accepted by multiple businessman and online retailers for their marketing purposes and these things help to increase the value of those currency. |
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