what are your predictions in the future for the ripple?
I wonder what level can ride the ripple in the coming years
I think we are going to see an even greater battle between ETH and Ripple to see which coin keeps the second spot behind bitcoin, ETH may have its flaws but in my opinion it is better than ripple that is nothing but a project of the banks, however with a greater interest of financial institutions it is possible that ripple could surpass ETH as the number 2 coin in the next years. Their biggest flaws to me are that they are centralized with developers having a huge conflict of interest in maintaining artificial price while forcing developments that may not be needed as opposed to keeping a clear head on objectives unrelated to price. And don't forget they also have another alt to contend with (Bitcoin Cash) that equally wants to be number 2 (or number 1 as they say) and have a lot of willingness and resources to attempt this. However, Eth has a great head start and reputation (minus DAO). The greatest advantage of ETH over Ripple and any other coin is that there are hundreds of projects which depend on Ethereum and many icos come weekly that run over that platform, no other coin has that advantage, while there are other projects that want to be the new Ethereum they still lack the traction that ETH has, and also bitcoin cash is a very strong competitor for the number two place but lets see if it can maintain that market cap once bitcoin finally activates the lightning network. |
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We have to understand what the objectives of the Chinese government were. They wanted to prevent Chinese people from losing money in scam ICOs. They want to prevent people from using crypto to by pass capital controls. So from the government's point of view, it was the right decision.
They never cared about protecting their citizens, the Chinese government is a dictatorial communist regime so they want to have full control of their population, and exchanges was a way for people to get their money out of the country without any regulation, from their point of view they are doing what it is best for them but as they stop to adopt this new technology their country will lose relevance in the world as it has happened several times in the past. |
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"In five years, if you try to use fiat currency, they will laugh at you." I personally think this is a very optimistic opinion(or maybe even TOO optimistic), as I personally really don't see fiat to be dead in a very short timespan such as 5 years. Bitcoin's rise to global adoption won't definitely be a smooth one. There's going to have many bumps/hiccups as remember that we're dealing with a currency here; there's definitely going to be interference from banks and governments. In theory anything could happen but for that to occur the economies of the world will need to go bankrupt and while that is a possibility I'm of the opinion the current scam can go for many decades before people begin to react to the fact they have being deceived their entire lives and that everything they have worked so hard, their investments and their savings will disappear when the music stops. |
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I hope that every country follows the rule of printing their national currencies based on the value of gold they hold as reserve except US.It's said that if all of the USD returned at once and asked to pay for it in return as gold,US would go bankrupt.So it's quite natural that in such a case,people would chose a better currency which they could hold themselves and which could not be neither controlled by the government nor could be devalued.That's why,people chose bitcoin which could neither be even hacked unless private keys revealed.Being a decentralized currency,it's value is totally based on the trust which people keep over it.
If that were to happen the US only has to back their dollars by the amount of gold they have, they cannot go bankrupt, this is what Nixon did in the seventies, the French government realized there were more dollars than gold, but the US government did not adjust the price, so they could buy gold for cheap until Nixon decided to stop the conversion of the dollars for gold and then it was decided the dollar was no longer backed by gold. |
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Every coin with Bitcoin in their Names are crap  . BitcoinCash, Bitcoingold, Bitcoindark, Bitcoinz, Bitcoinred, Bitcoinplus, WTF !! There is only one Bitcoin and that is BITCOIN !!  The KING in this Market  !! Almost all coins that are forks with bitcoin in their name are trash, the only one that it isn't is bitcoin cash, I know that the community does not like bitcoin cash, and in fact I support bitcoin and the core devs, but I think the bitcoin cash fork makes sense, they have a different vision of what bitcoin is supposed to be and they took steps towards that direction, now it is up to the market to decide which option is the best. |
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Well, i tried to explain it to my friends, but they think it's scam. No matter what i tell them, they wouldn't believe it. Always find a way to make an point, how people will get burned, lose all money and its bubble, etc etc. So now i stop explaining.. some people don't trust the currency they can't see.
I also tried to explain it to my friends and to my brother too, but guess what they also think that it was a scam also. Well, I guess they are being used to hear those news of mine regarding online businesses because I've done a variety of online business way back 2015 and like what many I'm also failed and experience those failures somewhat makes me feel afraid of trying again, but then here I am in this world of digital currency which now I can say that I've made a right choice, and i would show to those my friends that choose to not believe in me. This kind of thinking is very common unfortunately this is something that I face every time I try to explain bitcoin to friends or family, they know that I have an interest in technology and most of the time they hear about new stuff from me but when it comes to bitcoin they let their opinions to be influenced heavily by the media that depicts bitcoin as a scam and this makes really hard to explain bitcoin since they do not want to listen. |
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This problem is the reason why we should check where the exchanges located (the address) and who is the owner? But, most exchanges do not provide this information, so how could we trust them? Just based on others experience, right? In this case, the problem regarding exchanges service going bad or even just gone offline such as CoinExchange will always occur and repeated. I prefer to use local exchange in my country as it's easier to access the site or even visit the headquarter and meet the owner.
An address doesn't say anything, and the owners names neither. MtGox has been the perfect example of how a (at that time) well established exchange still screwed people and the entire market over, years ago. It's a sensitive piece of Bitcoin history, but one that remains functioning as a red flag trigger of how every exchange potentially may end up in the far future. As long as people use centralized exchanges, it remains a danger. Local exchanges are more easy to approach in most cases, but when greed strikes, and the operator sees a quick and easy money making opportunity, it will be done, that's pretty much a guarantee. In other words, don't trust too much on location and who's behind what exchange. When it comes to exchanges there are no guarantees, just a few days ago there was another hack, and hundreds of millions were lost as a result, leaving your money in an exchange is a risk, this is another advantage for the long term holders, traders have no option but to have their money in exchanges since they want to make profits with their trades but a holder can have all his coins in cold storage where no hacker can access them. |
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No you are not too late but you missed a lot of oppurtunities that happen in the price value last year.You must invest now in a lower price and buy some btc in low value so that you can afford.You must need to study first about cryptocurrency and learn the things you must know about it to make you aware from it.
Yeah, right now bitcoin is trading at an affordable price, so it seems like a good entry point for those that got no bitcoin but at the same time those that want to enter in bitcoin cannot waste anymore time, I think we are near mass adoption, it may happen in the next 5 years and if you do not have bitcoin by that time you are going to lose the opportunity to change your life. |
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Phishing attacks are getting more sophisticated and people are negligible their security.
According to Google, only 10% are using some kind of 2FA. I guess in crypto community the percentage is higher, but still this is one of the main reason phishing attacks to be successful.
This is really surprising, what I mean is people are investing millions of dollars in different coins and they do not take the time to enable 2FA, those people need to check their priorities, it is like people that have been hacked and lost hundreds of coins and they had their bitcoin in the personal computer with a pirated copy of window instead of investing a few dollars in getting a hardware wallet. |
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As of now there are 1500+ cryptocurrency exists in the world.
Many dead many rising and many has to come.
So how can i know the currency ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?
Even a scam coin have some value so if you are playing on them thru trades, then you must know that chances that you might be wrecked on the way is possible. There are people who plays even on a shit and scam join because their purposes is only to take advantage of the volume and not on the technology of that cryptocurrency itself. Risky after all. If we about to point on crypto project that undergoes crowdfunding, you can't really say at first if they are scam because at most of the cases, their roadmap and future developments are really promising at all and the technology behind on that coin is so unique. So for me, to minimize somehow the risks, they must be transparent all the way. My main consideration is they must establishing a regular seminars and meetups, media appearances and everything related to that. So for your own safety, learned also to make a self research before throwing money on a specific coin. Reading community's feedback about that specific coin might help you as reference. Yeah sometimes the best thing to do is to not invest in the ico phase and wait until there is something more solid, the problem with that strategy is that is going to be impossible to obtain the profits many are dreaming when they think of investing in icos but if the project is any good getting huge profits will still be possible by investing in the early stages of the development. |
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BTC will exist even in the next 100 years... if it crashes everyone will want to buy a lot so it cannot crash
The only ones saying it's a bubble are the ones who missed the train and are envy right now
As long as the characteristics of bitcoin that make it valuable remain there it does not matter if the price of bitcoin crashes, there is always going to be people that will want to invest money in bitcoin since the potential to become the next big thing is there, however if that were to happen, you will need to have an unshakable faith in bitcoin and there are not many people like that. |
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This form always reverts to US and China laws etc. you need to understand that cryptocurrencies are world wide and the USA is not the only country in the world and don't control other countries either.
Even if those countries you mention regulat or stop ICO's there are plenty more countries that haven't regulated or stopped them and all they would do is run the ICO from that country it isn't regulated in.
My country at this time has no regulation or laws regarding ICO's.
In my opinion it is still going to take a lot of time for ICO's to die out definitely with all the new money coming into crypto. Everyone wants to earn that big money fast so they will continue to pump money into these ICO's for the winning chance of getting rich.
The US and China are the two most influential countries around the world, if the US takes a strong stance against icos you can be sure there are going to be a lot of countries that will do the same following the example of the United States, however while that could be the end of icos that does not mean that will be the end of innovation, the devs will just need to find a way to gain financing to make the project a reality in a different way. |
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Working on bounties is the best solution if you want to have tokens of ICO without spending money( in case that ICO does have a bountry campaign to work with) but the amount of tokens will be not much like investing. However, safe is the best right ? You can combine investing and working on bounty if you have enough time for it. It will multiple your income if that ICO project is succeed.
Bounties are only when you really do not have a single cent to invest, most of the time you will get a lot more coins by just using that time to get a half time job and then use that money to buy the coins you like, also some bounties take forever to pay you up, from time to time I see posts of people still asking if they are going to be paid the coins they were promised. |
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«It is almost always impossible to define a single meaningful reference currency, because liabilities and objectives cannot be quantified as a precise cash flow in any given currency. Such liabilities and objectives may be contingent on future decisions that are influenced by the world’s economic and geopolitical evolution.
If, for example, we decided to use our home country’s currency as the reference, and this reference currency crashes; the crash will leave us considerably “poorer” in GLOBAL terms. This is not a satisfactory or even acceptable outcome, and yet it follows from the literal application of the single-reference-currency concept.
In Einstein’s words, “Everything should be made as simple as possible, but not simpler.” The choice of a single reference currency makes the subject of currency risk simpler than reality, sweeping real financial risk under the rug, with possible severe, adverse long-term consequences for financial health.
The effects of globalization are clearly visible in today’s economic environment, in which prices — for commodities, houses in international cities (financial centers in particular), international investments, and the energy consumed by families and businesses — are heavily dependent on the movements of world currencies and the development of global economies relative to a given local economy.»
These are quotes from the study “Overcoming the Notion of a Single Reference Currency: A Currency Basket Approach” written by our CEO Helie d’Hautefort and our advisor Giuseppe Ballocchi; published by the CFA Institue Research Foundation
****The authors of this study are now launching an ICO for a platform of customized currency baskets using Blockchain: GLOBCOIN
Everyone is releasing icos that are unnecessary, why they are releasing an ico for this? They could just buy whatever amount of coins and hold them in proportion to their respective market caps and they will have a basket of cryptocurrencies that represents the market as a whole, to me this is nothing more than another attempt to get money from naive people. |
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What is the impact of bitcoin in a country's financial stability?
Right now bitcoin has almost no impact but countries are seeing that it may have an impact in the future if the technology is adopted by a significant amount of the population, so they are doing their best to try to protect themselves from those effects, but the good news for us is if that happens then any measure they try to impose to bitcoin is going to fail and that point the budget of governments could be compromised. |
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another year another story, i have already heard of amazon accepting bitcoin in late 2017 but this is pure speculation right?
so only for the pleasure of speculation obviously it will be big, not for real use because apart for very big whales i think noody is going to buy things with bitcoin (but things will change in future) but sure under it will be a great form of marketing
There has been speculation of amazon accepting bitcoin for a long time and it has not happened yet and I do not see a reason why it should happen right now, so the best thing to do is to concentrate in other things instead of wasting our time in something that is not going to happen anytime soon. |
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Yeah there are so many altcoins but would be a few coins that survive and establish their stable positions.
What are the coins that will go up their prices or values as highest as possible as you guys opinions?
If we knew the answer to that to some degree of accuracy we will not be here and instead we will be making millions, remember there is never such a thing as a safe trade or easy money, every time you invest or trade you are going to risk your money and you need to accept the fact that money can be lost, if you cannot do that then the answer is simple do not invest. |
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Ari Paul, chief investment officer at BlockTower Capital, predicts Bitcoin will trade at $ 4,000 or $ 30,000 this year. Many analysts say the price of Bitcoin will rise further, believing that investors will continue to bet on the possibility of higher prices after the split. At each split point, Bitcoin investors will receive the corresponding amount of new split currency. Should we invest more in Bitcoin?  Predicting that the price will either rise or fall isn't much of a prediction. It's so tiring to have these guys who paint themselves as knowing what they're talking about but really they just say the most common sense things. I don't know what split (I think you mean fork) you are talking about but they have traditionally pushed the price up and after the split the price has fallen. Bitcoin's price is low right now and instead of saying it may go up or down I'm going to be bold and tell you that the price in a years time will be higher than today's price and therefore you should invest. The reason why they seem so dumb when they make those comments is because they are that dumb, they think they are the kings of the world and that people will listen to them just because they are that wonderful, but that is incorrect, they are not any better than psychics, he is both predicting that bitcoin will go up and down so when one of those options happens he can say that his prediction was correct. |
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I am personally a believer in the blockchain technology however will the currency aspect of the tech hold value and become the new way of transacting into the future or will it eventually bust like the .com bubble did? Any educated opinions welcomed.
But you are forgetting there were two different endings for companies that were part of the dot com bubble, in one hand we had the companies that were nothing but air and about 90% of the companies went bankrupt because they did not had any product, as far as I know we have a similar failure rate for icos, however there was a small percentage that became the companies that are part of our present like Google, there are some coins that will have that future and bitcoin will be one of them. |
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That's a good idea.
Moderators can't you make a Journey sub forum for stuff like this?
You should post your request on the meta section of the forum and look what response do you get, while I love journeys and this is common in many forums this is one of the few journey threads I have seen, so unless a feature in the forum has huge demand it is doubtful that sub forum will be created. |
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