I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:
" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"
I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
Yes, right, you know the basic concept of economy? It applies here as well, even I think it’s applicable anywhere as long as we use the medium of exchange. The rising or falling of bitcoin’s price occurs because the demand is influenced by the news and FUD. Just like any other exchange tools that has a rise or fall in price, but in Bitcoin’s case the rise or the fall of price can happen very quickly and drastically. |
|
|
|
Is it time to shine to get bitcoin. more falls? I want to sell the house car and buy bitcoin  To sell a car I think it’s reasonable because car is used for transportation that the price will decrease in future if you want to sell it, but to sell the house is very unusual because it’s a place to live and we rest there, even house can be used as a property investment that if sold in the future the price will rise. I advise you to just sell your car to buy some bitcoin to invest and don’t sell your house because if you sell it, it will be very risky for you. |
|
|
|
Free Signal for people losing hope: Bitcoin is about to go upto $14,000.
If you are selling, dont sell. Hodl is the key here. Reap the benefit of waiting. For those waiting, invest now, buy buy and buy.
Dont listen to any negative comment below.
This is good news and I hope it can be realized, but where do you find this news? A statement must be based on a clear foundation, not just giving a random opinion that can make people confused or even fooled like this false news. |
|
|
|
Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?
I think it cannot, if it can it will only have a small effect because the transparency of transactions only make the investigation easier, doesn’t mean it can make the corruptors run out of idea, they’re smart people who outsmart the government system. The only way is to tighten the surveillance and punishment of corruptors and their friends. |
|
|
|
|
It’s best to invest three quarters of it to cryptocurrency and one quarter left to property, or otherwise.
Those 2 things don’t require significant care, have unquestionable security, can be inherited to your offspring, and also its price will certainly rising, I guarantee this.
|
|
|
|
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
The key is the self, it can happen because of mismanagement and miscalculation, which expenditure should not be bigger than income. the only way out is to pay partially and discipline ourselves, lest you dig a hole to close a hole, it just divert the debt to another place, maybe to many places that can cause the interest increase. |
|
|
|
I do not think bitcoin will fall back to $ 6000, is it time for bitcoin to rest? and replaced by ETH or Ripple?
I want your answer based by the reasons.
I cannot be sure how deep Bitcoin will fall, but certainly Bitcoin will make a comeback soon with a little retest. Maybe the phenomenon at last year will be repeated again, but no one knows. One more, Bitcoin wouldn’t be so easy to die and replaced by altcoin, there's still a lot of development going on and what's going to happen to Bitcoin going forward. |
|
|
|
new coins that have come a lot in the crypto world have an impact on the market price. however, after the arrival of the same ripple operates behind the blockchain.
will this coin replace BITCOIN or BITCOIN will continue in its position and remain the king of all coins?
Will this coin replace BITCOIN? The answer is nothing can replace bitcoin because the other altcoins are just a bitcoin follower because bitcoin is the first and will hold 1st rank of the price in the crypto market. Bitcoin’s price dropped then all altcoin prices will also dropped, if bitcoin’s price rises then all altcoins will also rise. All altcoins will follow bitcoin without able to replace bitcoin even though if bitcoin’s price will reach low price. |
|
|
|
Last few weeks I have been reading in the forum that Bitcoin is dead so is it really worthy to invest on Bitcoin
How Bitcoin could be dead but the price chart can still shows a hope to rise again? You should change and choose a more reliable news source, don’t let yourself get carried away by a misleading news source and involved in FUD, this will worsens Bitcoin. Bitcoin still has enormous potential to develop. |
|
|
|
|
Bitcoin’s move determined based on market conditions, where markets are heavily influenced by statements issued by governments and large institutions. Those statements will affect the mental and decision of the users and the news can also affect the conditions, even the patterns of Bitcoin occurred are very dynamic and very difficult to guess. So it seems that Technical Analysis doesn’t play a role in this case.
|
|
|
|
What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
It can, because the economic conditions (especially in a large country) will greatly affect Bitcoin, whether it will create panic and FUD or raise the price of Bitcoin. I think there are many real examples that can be example to explain how the government's role affect Bitcoin's price, but still it won’t kill Bitcoin because decreasing Bitcoin's price doesn’t mean to kill Bitcoin. |
|
|
|
Hello,
I am new in cryptocurrency world.so i have no idea about bitcoin price prediction.I want to know about price prediction....
In a long period of time (like the movement in every year) Bitcoin movement is unpredictable, because at that time what determine it was news, not technical analysis. So the Bitcoin movement cannot be predicted. Like in the last year, a few months before the price soared no one would have expected Bitcoin's movement to be so strong. If you want to predict based on technical analysis then Bitcoin’s price will fall if met with the death cross, I think someone here had discussed it. |
|
|
|
|
The explanations must be given to them completely, not just about the benefits, but also about the risk of loss and dedication to commit, like seeing the news and learning about new things, because Bitcoin is still in development stage. They should be informed about this, not just buy Bitcoin and just hoping the price will break through the sky.
|
|
|
|
Hi guys , what do you most prefer , holding bitcoins or buying altcoins which is have a good technology and for long term investment ?. I'm a little bit doubtful where should i stand on . I'm not rich enough to buy and hold this coins at the same time.However I'm trying to figure out which of the two much better . bitcoins have a old technology in blockhain compare to altcoins now which is they are more advanced but the prices varies so what your insight about this ?
I prefer bitcoin because bitcoin has higher price than altcoins in the market. I also have some altcoins that I got from bounty campaign but in the end I exchange the altcoins to bitcoin although I’ll get bitcoin very less, I still collecting it up until I have a lot and I hold them. Just like you, I’m not rich but I get bitcoin by exchanging altcoins into bitcoin. |
|
|
|
|
First, Bitcoin's age is almost a decade, smart people should understand that Ponzi won’t last as long and as successful as Bitcoin. Secondly, you have no obligation to convince them that Bitcoin isn’t a Ponzi or a scam. Thirdly, don’t start talking about this in the future, because there’s no use talk about this, unless you have ICO and want to invite them to join in it, but it seems it’s futile. Fourth, don’t mind anyone else's thinking about Bitcoin, because they only take it trivial and don’t know what the truth is. Fifth, HODL.
|
|
|
|
Have just discovered the following site: https://www.cryptohome.us/It's just a real estate listings site, but every listing accepts payment in bitcoin. If you click on "inventory" and scroll down, there are some really nice Florida homes listed for several million dollars... This is the proof we can make Bitcoin or altcoin as a tool of exchange for daily life and businesspeople should be aware of the potential of cryptocoin. People will definitely adapt when there is something new because they are used to the fast development of technology, at first we also don’t understand what Bitcoin is, then finally we seek out and those out there who don’t understand about Bitcoin will experience the same thing. The more people use it or the more Bitcoin seen in stores or service providers, I'm sure more and more people will accept and use Bitcoin. And then it’s our duty to educate new people using cryptocoin so they don’t caught up in the wrong understanding, FUD or any security issues. |
|
|
|
|
Show Posts
