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Bitcoin really cannot be hacked, it was designed that way specifically. It was designed this way to prevent hacks and control. What can be hacked though is your bitcoin wallet if you fail to properly secure it like you should and use the right methods to keep your coins safe. Don't worry about the bitcoin network though as it can not be hacked. Just make sure your wallets are properly secured.
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The possibility of this happening is high especially if we go into another bull run this year. We've already seen the $500bn mark so I don't see any reason why $1trillion cannot be achieved this year. I strongly believe the next bull run will help go even further than that. Like you mentioned there are new investors coming into the market everyday which means more money into the market.
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Bitcoin cannot be used a main income because it's profits are not inconsistent and there are times like the bearish period we are in when you do not make any money at all so it is not a viable option for a steady income. Investors should have a normal job where they make money which will be used for their basic needs and they should view bitcoin profits as just extra profits coming in.
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I tell people, panic selling is the worst thing you can do to yourself and to the cryptocurrency market, you panic sell and most likely sell at a loss and the market also takes a hit from so many people dumping so many coins into the market at the same time because they are all scared and selling off their coins. As long as people use bitcoins, it will not go to zero.
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When it gets to about 12k I will sell off some of my profits but I will just wait for the market to dip again so I can buy back into the market with those profits and increase my portfolio. No matter how high the price gets though there is always a percentage of my coins which I am holding and it is never less than 50 percent of my entire portfolio at any given time.
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Always, whenever there is a dip in the market I buy as much as I can afford at that point. I just try to increase my portfolio as much as I can especially in a bear market like this which we know will pave way for a bull market of terrific proportions. This is how I make money from bitcoins as I rarely trade. I just buy when the market is low, hold the coins and sell when it is high.
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The decentralization of currency is vital especially with the world is now, the government control everything through money because they control the money and they can make as much money as they want because all they have to do is print and distribute it but with decentralized money no one controls it and so it cannot be used to control others. It will help by providing a better way for the equal distribution of wealth.
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We cannot sound this warning enough. People always believe whatever news they are told when it comes to bitcoin without doing research or even trying to confirm if the information they heard or saw was even correct. This leads to a lot of panic in the community especially among the new comers in the market who do not understand the origin of bitcoin or even the market movements. Please always confirm what ever news you hear.
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I think the thing that impresses me the most about bitcoin is it's abilities to go through even the worse markets, goes up against adversaries who try to bring it down times without number, bitcoin just bounces back stronger than ever no matter what it is faced with. Prices get better than before and the value just goes up. Also the amount of profit that you can make from holding bitcoin is quite impressive.
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Fork are created for one purpose only, that is to make a lot of money in a very short time. Making forks off of bitcoin gives the forked coins a temporary value and it's good for selling off and investing the money into somewhere better like bitcoin and ethereum I believe. The forks are all scam coins so make money out of it while you can and get out.
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You should buy bitcoin now because the price is so low now and the bull market is lasting a long time which means it will start to pick up soon. Mass adoption is inevitable and when that happens there will be a very high demand for bitcoin which would mean that the prices will go back up and it will be those people who buy now that will make the most profits when the price goes back up.
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Any investor investing in bitcoin knows that they should always have in mind that the possibility of bitcoin prices goes both ways and not just one. It will either go up or it will go back to zero. No one knows for sure what will happen which is why people are advised to always invest with money which they can afford to lose and never use money which they would need immediately or in the near future.
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Every year since the creation of Bitcoin, it has followed a similar seasonal pattern. With the exception of 2013. February and March are rough months, with bottom around the 3rd week of March. April is usually a neutral month, posting slight gains on average. May and June are always skyrocket months, with more growth than even December/January.
The one exception is 2013, where the Silk Road was born in late winter. BTC skyrocketed in February and March. When the FBI took down the Silk Road, May and June were bear months. BTC is too big now to be influenced by one market being destroyed. Three drug markets were taken offline last year and the market didn't even notice. Proving that illicit use has become a minority use case.
So stop panicking and take advantage of BTC cheaper than you'll ever get it for again.
I agree with you, that now is a good time to take advantage by Buying Bitcoin with cheap price. I have put 25% my money to Bitcoin and I hope the price of Bitcoin can down again, I order 1 BTC for $5K. This statement should be read by more newbies, tracking down the history will move them to stay holding and not to panic even the value is keeps on falling down, the history will keeps repeating itself, buying more with your spare money and keep your coins inside your wallet and let it become your future assets, positive perceptions will bring positive outcome, bitcoin is still in its early stage we should trust the chain. I second this. The people who panic sell in a bear market are newbies who do not understand the market at all. They have false information fed to them by the news and most of them do not even know the origin of bitcoins or it's early markets and movement. If more people knew information like these, there will be less panic selling and the market would always recover quickly after falling/ |
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In a situation where there is some kind of apocalypse and we couldn't use our gadgets anymore. The internet and power would be down all over the world and there will be no more use of currency as we will all revert to living off the earth like in the old days  Bitcoin will go to zero when people stop buying and selling and transactions are no longer made using bitcoin again. |
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I personally don't trade when red but a lot of traders who are quite good at it trade when red. Also they are risk takers so trading when red is just another day in the ball park for them. Although trading when red is very risky so I do not do it, trading in a market such as this could have you finding yourself with more losses than profits you've made which essentially means you've lost money.
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Right now we're ina bear market all the new money is taking a break from investing. Hold out for about 6 months-1 year and it will go back up, just be patient.
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Yeah, looking at the first comments, that the Ethereum is a scam. Undoubtedly, I think that the ether has a future with such a developed infrastructure and so many tokens working in the ethereum network - it will firmly occupy its second place. I'd bet a lot of money that ETH will someday overtake Bitcoin. Don't get me wrong I love BTC, but ETH has tons of more practical application in comparison. |
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Governments are busy putting new laws together to regulate cryptos. Beware that some coins could be outlawed: I am not going to name the coins but there is a strong possibility anonoymous coins could come under attack by regulatory authorities. Solution: Put www.Bitcoinfuji.com in your portfolio: compliance beyond expectations: 10 cents ICO now If I were the government I'd start by banning this crap you just posted. His first point was valid but then he started advertizing for bitcoinfuji |
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Deeponion is more secure than monero
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You are right investing in new altcoins is very dangerous.
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