Let's continue the topic here since it was an interesting discussion but as usual, the shitposters kill any discussion open. (it's a self-moderated thread) With the current economy, the fears about the Brexit, Italy, the Sino-American problems and the general pessimism among investors; It looks like Gold is coming back the past months. At the same time, countries like the EU, Japan & China are reducing their investments in the economy,
(it should also reduce demand for the USD?)
Even the Central banks are buying more Gold (+13% from the previous year). Economists predict a dark year for 2019 and it seems a lot of large funds are now buying Gold massively. Especially from Asia and Soviets.
The purchases of Gold by the central banks increased by over 70% last year. It's something that didn't happen since the '60s - '70s and the dissolution of the Bretton Woods agreements. The main reason is to get away from the dollar. Even Iran and its crypto will be backed by Gold for the same reason and to avoid the US sanctions. Even the ETFs increased by something like 200% last year The global economy is still weak despite what has been done (or not) since 2008. People, countries, central banks started to realize this and cover their ass by turning to Gold I trust gold more than any other traditional assets all around, it is tested and aged since the beginning. In any case just to be safe, we better hold golds too for us to be put in a safe place. Sounds great right? Gold, Bitcoin, Farm Lands, I feel safe with these investments. Maybe your opinion is true that gold has long been used as the easiest investment whenever it can be directly carried out transactions, but it is different from bitcoin because bitcoin is a long-term investment that needs to be researched before making a transaction, because if Bitcoin incorrectly applies the transaction then it can experience big losses. it will not happen with gold. this happens because volatile bitcoin is high, so the value of bitcoin can change drastically in a short time. of course it becomes problematic when used as a currency. but if BTC can win the trust of the whole world, I think price stability can be maintained, and it does not need to go back to gold |
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LOL, Before they can shutdown cryptos, they have to stop internet as well.  . Warren Buffet, Joseph Stiglitz and rest really wanted to subdued crypto because it's really challenging the status quo. Remember that they have work so hard that they don't want people to shift their funds around crypto. And his argument? USD has been used for illicit activities many years ago and they didn't do anything about it. how can it be turned off, if there are still many developed countries that legalize it. we can see countries that legalize cryptocurrency, they have an influence on the world economy, and I think other countries will actually follow in their footsteps |
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Live without the banks is a total financial freedom from prying eyes always watching over your assets and i really wish to see such a vision come true in the nearest future. Making transactions in cryptocurrencies is more convenient than having to send monies through banks.
indeed, convenience when transacting is an option, but we must bear the risk of each, because our wallets are like banks. therefore I think there will also be services from the bank for crypto storage or crypto loans |
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People should be more educated about cryptocurrency, scams do happen everyday we cannot remove it from the society unless we protect ourselves from it. We should know the standards in dealing cryptocurrency or else we are the list of victims lists.
Indeed. The main problem why crypto scams are continuously occuring is because of those victims who doesn't have enough knowledge how cryptocurrency works and what kind of investment they should avoid. People get easily fooled due to greediness in earning money. besides that there is no firm legal basis for cryptocurrency from the government. this is what is used by fraudsters to carry out their evil actions because there is no punishment, even though this is a crime |
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I think by legalizing cryptocurrency when prices have not stabilized like today, it will be a good choice. in this way, of course, a country will use a lot of people using crypto, so that if more and more countries use it, then prices will rise and people will be rich, so that it can boost the economy
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THe anonymity is a problem. Many individuals here that has taken a lot of courage to scam users. This because the identity are not known and the best way for the hackers to be free from any traces to be known when they have done hacking or scamming activity. I just wish that this feature of cryptocurrency will be remove.
decentralized and anonymous was main feature from cryptocurrency market.as we know in each transaction in blockchain could not tracked.it just contain tx has transaction .moreover if hackers selling their hacking result in dex exchanges.no solution to track them. right, at the exchange of dex, we will know the person's identity. but sometimes it will be difficult to track it if they transfer to many accounts, or move to move wallet accounts. even though it can be dealt with, it requires time and thought besides that from a legal perspective that is not yet strong |
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A second bitcoin market to succeed, yes maybe is possible but this can take time and this will need a lot of people who invest on market to have a long run and only after can succeed.
by looking at the future potential of the analysis we have, of course the second bitcoin can generate a lot of profits, but it must be smart to see developments in the future, so that we don't waste time waiting for it. on the other hand there are actually many projects from the lower ranks that skyrocket because they have the trust of various elements |
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because bitcoin prices dropped as a result no new rich people arrived suddenly. . . on the contrary, many people go bankrupt because they suffer losses ... haha haahaa
I'm I reading this one correctly? I don't know why but bitcoin are still on a good price now and still making new rich people. Rich will not announce it anyway so don't expect to hear a rich people saying he earns a lot. People got bankrupt because of mismanage money, they don't suffer for big loss because of bitcoin. This thread will not make panic for sure, try to do better because as we can see in the market bitcoin are still pumping. on the other hand there are still many people who make a lot of money from trading bitcoin, using high fluctuations. but right now I also see that bitcoin is approaching $ 6000, and this is a good development in my opinion, so there is nothing to worry about, people doing business certainly have risks, and that is normal |
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Almost every experienced crypto investor would testify about the essence of having patience if you are looking at earning from cryptocurrency investements. The crypto market is very volatile and you need to be patient to wait for them to rise in order to make profit. Too bad some folks don't have such patience to wait for their portfolio to grow.
even more people experience panic when prices fall. I think many of them don't know much about crypto and just want to make money quickly. but this actually backfires that can spend their money even a negative image appears to crypto |
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Its a test Coin, somehow it will allow them to understand how cryptocurrency works. Maybe in the near future they Will upgrade their system by using cryptocurrency to help them speed up their transactions.
I was thinking the same as you. I am sure IMF and World Bank have the resource to explore the blockchain project, and if they think the blockchain can solve their problem, they don't need a long time to apply or implement to the real blockchain. But I am sure that blockchain will solve their problem. So let's wait for the next update from them, and I hope that we will hear some good news and it will give a good impact on the cryptocurrency itself to grow the adoption process. I think, at least imf already learning about crypto, of course after this will have the conclusion of the advantages and disadvantages of crypto according to them. so I think this is an advance so that they can also encourage crypto growth |
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developed economies and their financial model of handling the technology support the bitcoin and other support cryptocurrencies to grow independently
Yes you are right but another reason is having strong internet connection, because those who are well developed has wide internet access in all areas so people can make researches about bitcoin and it increase their interest about it, so when they will search it will make them invest and earn money same like other thousands of people who are earning and become rich so that’s the main cause behind it. internet infrastructure help them alot for accesing in cryptocurrency.they have more resources if compared with developed countries.and also their knowledge on step a head. indeed, supporting facilities will also support the community to conduct research on bitcoin. moreover the government also facilitates its development. besides that with the opportunity to earn money here, many people are interested in investing |
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Gold bugs definitely feel threatened by crypto: https://www.ccn.com/world-gold-council-blinks-bitcoinGold may have a value of $7.8 trillion, but it isn’t happy about giving any of that up to bitcoin, the latter of which has a market cap of $97.2 billion. A day after Grayscale unleashed its “Drop Gold promotion, a TV commercial that garnered 100,000 views in less than 24 hours, the World Gold Council is clapping back. Gold’s reputation as a store of value has gone pretty much uncontested for thousands of years – until bitcoin, which has earned the reputation as digital gold in addition to its use case as a currency.
In a tweet, the Council stated:
“Cryptocurrencies are no replacement for gold.”
The World Gold Council didn’t stop there and published a blog outlining the features differentiating the precious metal from cryptocurrencies. They state:
“Although cryptocurrencies and blockchain technology look promising as a whole, they clearly do not represent a substitute for gold either in theory or in practice.”
Basically, they suggest gold is better for the following reasons:
less volatility
greater liquidity
a more “established regulatory framework.”
Touche. Yet they acknowledge bitcoin only has a 10-year history while gold has been around since 600 B.C. Bitcoin’s share of the store-of-value pie is only going to expand. Meanwhile, volatility remains a function of the extreme views surrounding the digital currency, both for its ascent and its demise.
gold The big question is whether some holders of gold will diversify into crypto "just in case". From a risk management point of view, diversification makes sense. No one should be threatened by Bitcoin. Bitcoin will solely point to why current financial system sucks and make value of gold way higher in the future. Yes right now it takes some shine away off the Golds, but that is just temporary. What I like most recently is that people, institutions and governments are realizing that if they dont hold their gold is not really their gold. bitcoin seems to emerge and provide the right solution for the future with its decentralized system. this system is very contrary to the current system, so it requires a long process to be accepted by most governments. while gold will remain the prima donna to save property |
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actually the big risk can be minimized by managing risk. of course we need several strategies so that a large risk can be minimized. big risk and big results seemed like gambling, in investing in cryptocurrency requires a good analysis so that we can exit the market and enter the market correctly, so as to get measurable results too
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The threat of the collapse of the economy already triggered cryptocurrency adoption because they know that if there will be an economic collapse then they are ready because they already put their money in their precious investments that can survive this economic collapse and that is by investing into some solid cryptocurrency like bitcoin.
I'm as bullish on crypto as anyone but if you really want to protect against a collapse you would put most of your money into gold, guns, and alcohol. I think so, but I disagree if you keep your wealth in alcohol or weapons, when inflation or collapse occurs in many countries surely many people will save their wealth in commodities that avoid the inflationary wave. gold, silver, or crypto might be the main choice. I am not sure if the crypto war will be adopted for investment. when the war is certainly a lot of damaged electricity and internet networks, maybe gold and silver are the choices, because they are tangible, especially now crypto does not yet have full trust |
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I am focus to save more bitcoin in many ways, and I am focus to make more money too We have a different focus, and some of us focus on one thing and the other focus on another thing. But maybe we have one same focus which is we want to make a lot of money from cryptocurrency, and that is why we are gathered here to search for a way to save more and more. Bitcoin and altcoin will be our way to be the focus and reach our goals. right, many who think about joining the bitcoin business can easily make money in a short time. they don't seem to care about the essence of bitcoin. so that if the price is not as expected, panic starts to appear. and price becomes their focus |
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what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls
I see that this topic is belong to speculations section but anyways, the price of the bitcoin increase a little bit then become stagnant again for a while at $5.5K. If you say thet the oil price is affecting its value, i guess its not like that but if the trade war is really the reason, lets see. bitcoin seems to be standing alone, for now bitcoin is in the process of gaining public trust and also the government. therefore I don't think oil has any effect on btc. I think positive news about BTC can affect prices, moreover the news comes from the government |
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I agree to cryptocurrency, so the price of bitcoin will be more stable, compared to now. this happens because more and more people are looking at bitcoin, so it's distributed. and it will be difficult for the pope to manipulate it
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I think there is no special preparation that I do. for now I'm just trying to hold and buy bitcoin in particular, because I'm not good at analyzing. I think by buying bitcoin I will feel more comfortable, because the price change starts from this coin
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Will be the same price of bitcoin in December 2019 like how bitcoin could raised up to higher price last December 2017? we are glad waiting about bitcoin will back to higher price again and keep it more faster.
I think to rise above the highest price in 2017, it hasn't happened at the end of this year. but I hope that this year the upward trend is clear, from a technical perspective as well as good news in circulation. so that more investors will come |
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Just as bitcoin is able to maintain current prices because many people have been expecting an increase for a long time and now Bitcoin has managed to answer that this year will be an increase for bitcoin!
I bet it has all the chances to reach 7 and even 8 thousand! Bitcoin seems to start going up steadily (last few months), and I am sure, this speed of the run will be increasing. Thus, it will be good to buy BTC. Hopefully if bitcoin price will continue to create a steady growth increase, then it might reach $10k at the end of this year. There may be fluctuations or dropdown of prices along the way but i think the market price will not go back anymore to its bottom price of $3k. We don't want to see a low price again, I already think more optimistic now and I don't see any change bitcoin will again dump. The signs are here, people are more bullish and the trading volume have significantly increase, with the current volume I can say there are here again and the market is not boring anymore. Let's always hope for the best, because the growth of crypto is also our success. even though there is a deep correction at the moment, but I am still optimistic that the bullish trend will occur and continue. therefore we don't panic for now, because the correction is only temporary, and soon we can see a higher increase |
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