Bitcoin is unexpectedly becoming a recognized payment method.There are loads of different places or websites that will accept payments in Bitcoin and if this continues people will recognize it be accepted but it still depends on the government
That's true, it seems that bitcoin is most widely use online since a lot accepts payment through bitcoin online and bitcoiners also use it to do exchanges from one person to another and I think it will continue to be in the future and I believe it is just a matter of time until a point where majority of the people are using bitcoin. Bitcoin will soon be accept in many countries, it is started in asia I think, more and more people in Asia already make bitcoin as one of the payment for every purchase they are doing. Many traders I think are in Asia, specially in southeast and in India. There will be a time that the whole world will soon accepts it they just observing other countries so that they can do necessary move once they are in that situation also. |
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Now the African society has begun to build their thinking with Blockchain technology,
of course it will make a good development in the country. Changes will occur if their Blockchain technology is applied in the life of their national economy.
Africa is one of the country that is very interested in blockchain or crpto industry, they are the one which has the most number of crypto users, they are also developing as their talents is increasing as they are more in to technology. Let's see how things will go for their country. Great users are there.. improvement of blockchain will start in africa. because we can see how they really believe that blockchain and crypto are a good part of our daily lives. with their knowledge and support for blockchain and crypto, other country will saw how blockchain be our system that can able to change our current situation of transactions and illegal doings. with transparency of blockchain, evil people can easily find and we can easily see what they are doing. improvement of this system will truly help us. Indeed, some of the great project ive known is originated there, it can actually help their economical status, but the thing is, we cannot rely the change of a country for just a cryptocurrency, government and its people might change too. They need to be develop so that they can absolutely ride the flow of the modern technology too. |
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Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?
I don't think that banks and governments in other countries will make their own coins and try to replaced decentralized coins such as bitcoin because governments and banks in other countries don't have any intentions about bitcoin and other cryptocurrencies, so it is impossible to do such things. Also, governments and banks support fiat currency rather than cryptocurrency. It is not impossible that government will release its own coin even the banks, we all know that some banks have their own coin listed in their local stock market, then they can make their own blockchains too, if they will do that they can regulate it by themselves , put taxes and they will circulate it very well, if it will happen theres no possibility bitcoin will be legalize to that county. |
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I agree with all the things that you have provided.
It is totally good to make own research about a certain investment or cryptocurrency and take note having enough knowledge will help you to avoid big losses.
Make sure you will only invest the amount that you are not afraid to lose.
I am also a holder but most of my holding is top rank cryptocurrencies just like bitcoin, ethereum, and ripple. it is totally good to hold if we experience bear market and do not do panic selling if you see rapid falling down of the price.
I always remember that quote "Don’t put all your eggs in one basket" and actually my money is separate in different cryptocurrencies but the 50% of that is in bitcoin.
Using any kind of trading tool will totally help you to become a better trader and lastly, keep on learning until you become a professional trader.
Yeah, dyor ( do your research) is such a big thing that a startup trader must know and do , choosing a wrong coin in trading must be the most wrong thing to do, dont be fooled by their whitepaper , sometimes reading their whitepaper is not enough. After researching try to trade a little bit to gain experience step by step. |
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Lots of dead coins in my experience from 2014 until now. Most of the dead coins are usually before being delisted by the exchange, surely the price is pumped by whoever. This is certainly to find the last profit of the coin. Usually, this used to happen at Poloniex.
I think it's rather difficult to make big money from dead coins except following the above method, pump at the last moment. Or you could have bought the coin project directly from the developer and you continue to develop it with your team. Surely if you succeed, this will make millions of dollars.
Delisted coins or most likely those project which is abandoned by their own developers. We can also use airdrop coins as an example of dead coins and those bounty projects that don't even reached on listing in an exchange. Once a coin is dead, there will be no chance to make a profit for them especially if there is no available market. Yes, there are lot of coins that are being abandoned by their developers after being funded they left their investors, some of them due to inactivity and also there are no update from the team are getting not enough orders in the market, exchanges has the right to delist them, if they know that the coin is soon to be dead or already been dead and developers cannot support the project anymore. |
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In the world of trading, problems regarding how to control emotions are common and occur a lot. Indeed, it must be recognized if there is
one of the coins pump is very high, or the price of this drastic increase will make most people become FOMO because they want to get
profit right away. That's why a lot of whales manipulate the market to lure FOMO people. It's really easy so we can control emotions when
trading. Do not be panicked when you see prices rise or fall still follow the initial plan that we have create. And always think positively of the
analysis that we have made, do not be influenced by the analysis of others which is not necessarily true. If our emotions can be controlled
properly, usually the results we get are also good.
Do not get easily swayed and fooled by fud, bad news regarding crypto and so much , we need to prepare our minds and our hearts. Lossed cannot be prevent but we can be prepared for that when it happens. We can never tell what the market will , a lot of anxieties will be feel we need to be stronger tham them. |
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This has happened to me a lot of times. Although, I felt I had wasted my time and resources, but at the same time, it has helped me to gain more experience, particularly in knowing how to choose and on what I should always go for.
Yes, to move forward for the better, of course we have to go through many obstacles including risk in the crypto market. all because of the initial experience, I had a bad experience and maybe worse than yours, but I realized that the first mistake was a good start for the next. including the crypto market sometimes above and sometimes vice versa. Yes it is hard move forward, I am one of the investor of mnx coin and also i joined their bounty campaign here in forum. At first they have a good start, everything seems fine after a year when they end the program , their price goes to moon no one think that it could be happen, I hodl my token and now I cant open my wallet I dont know why, I wish I sell it when the price is good and I did not but more of it, its time for me to move forward. |
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If you are a Bitcoin investor. Then you have to think like other investors. All investors verify everything before investing their money. You have to do exactly the same thing when you buy something. Emotions are not priced here. Your Emotion loses your fund. Therefore, trading should be learned before start trading. I've done a lot of losses before, just because of Emotion.
I can't agree that all investors should think alike. That is why often losses hapen, some investors try to imitate what others are doing but they don't know all circumstances why soneone exactly choose that particular decision and that might end bad. Emotions could be a burden that is true and if you can't control them that might be the cause of failure. Yeah, we need to be educated enough, copying what was other people do would lead us to mistake, we need to learn in our own way, different people has their own way to trade. We need to make our emotions stable, we will panic when we are not ready on what will happen to our trades, keep in mind that market is a uncertain thing. |
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I was thinking that investors would think the cryptocurrency market as an alternative to traditional investment products.
Having said that, my point was that those two markets have a reverse impact.
If the stock market goes down, then investors would start searching for alternative (more profitable) investments and turn to Bitcoin and cryptocurrencies.
The last days stock market crash seems that lead the market cap of the crypto market down.
Does the Stock Market has impact over the Bitcoin price?
Although bitcoin is an alternative for shareholders when the stock market is crashing, I think bitcoin is not the only best alternative for shareholders to save their investment. Maybe they will choose commodities like gold or oil that are more stable than bitcoin which has price volatility. It doesnt affect bitcoin , some traders only trades in cryptocurrency , they are both different so why do we need to compare it, when the other one crash it doesnt affect others, bitcoin crashes last year does it affect the stock market? No , but the thing is some stock holder doesnt invest in bitcoin because it is not yet legal they want to invest in legal things in order for them not to lose anything. |
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Stock market investment and Crypto currency investment are different platform, process and commodities therefore it will not affect Bitcoin if ever stocks will crash. Except if the stock market investors will always look for alternative investments then it will benefit crypto because they could easily shift to Bitcoin increasing the users and investors of it.
Indeed! From the platform to market coins to market value are very different. I dont think that it can affect bitcoin. Its been ages everytime stock market crash it doesnt affect bitcoin same as bitcoin when bitcoin pumps the stock market is still crash when bitcoin crash stock market are still at the same situation. Many traders in cryptocurrency are not into stock market they more believes in cryptocurrency. |
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It is good really if the banks are accepting the cryptocurrency ,so it will add the popularity of cryptos that it will be accepted by banks a deposit or any kind of bank transactions , it will add the goals of bitcoin and cryptos to be accepted by this finance institutions.
I am very happy if have bank support with bitcoin and we can save in the bank not only with money but also we can use bitcoin or altcoin as our saving assets, we do not worried with hacked wallet bitcoin account because we use very safety place for saving bitcoin in the bank, now looking for which one bank want to support using bitcoin and altcoin as our saving money or saving bitcoin and altcoin. I have read a lot of statement that there are countries accepting bitcoin in their bank, but you need to convert it into fiat first, I think it is good even though you need to convert it first, because when the time that you need it you may withdraw it instantly in any atm machine but they will charge you a little amount around $1 I think . There is also a bitcoin atm machine I saw it in facebook I think it is available in Asia. |
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Probably being hacked or catching a keylogger trojan that or some other thing that will allow someone to take control of my computer. This would be much worse than simply losing money i have on an exchange because in time a hacker would gain access to all my personal information bank accounts contacts, all email addresses, everything.
At this point losing your presence in the Internet is worse than losing a job.
Me too, this is one of the nightmare that has happen to me, yes it happen already to me, ive lost some of my coin because a hacker decrypt my password, it happens few months ago. Since then I put a 2FA security to my account if that is an online wallet and in my hardware wallet I put a strong anti virus and anti malware for me to avoid being hack even in hardware. |
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How did your friend lost it when offline wallet is actually better than any online wallets? The best thing to do is to keep it safe and well. You have to keep it secure and protect your private keys. You shouldn't share it with anybody. Having an offline or hard wallet is actually safer than having an online wallet so securing and protecting it isn't hard.
Maybe the device that his friend using has a problem then he went to tech for them to fix it, but the tech knew that it has an offline wallet , or maybe he sell his device to someone without deleting the files , and lastly it is possible that the device you are using might have virus or malwares then hackers will blackmail him. Even hardware wallet are prone to hackers, a better security and firewall is needed. |
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Are you trying to say that only internet could stop Bitcoin?
Have you ever heard someone sending bitcoin via radio transmission? It's pretty interesting to know, google it if you haven't heard about it. Bitcoin could not easily be stopped, there are many options to keep it alive.
Yes, it's possible. But there are complications by doing this. By the by, a radio frequency (specifically) has two branches, Very High Frequency (VHF) and Ultra High Frequency (UHF). VHF has a range of 30-300 MHz, and VHF station could be operated for 100, 000 watts and could travel a 60-mile-radius--that is mostly utilized by FM radios, some TV broadcast. While UHF has a range of 300 MHz – 3 GHz, and VHF station could be operated for 3,000,000 watts (that's a lot) but also could only travel at a 60-mile-radius--that is mostly used for a lot of electronic communication devices, e.g. mobile phones, wireless LAN, Bluetooth, TV, and land radio. Sure, it is going to be an alternative, but think about it, what would be the side effects when doing this or rather what would be the consequences? And I wonder how fast (or slow) the transfer of Bitcoin would be, or what would happen if the connection was cut off. Well, I can google it and just know it right away but I'd rather let someone tell me about it. Source: Range, Frequency, and other detailsWell, thank you for that information. I didn't know that there is alternative way of sending Bitcoin not using the internet.
Just because you can, doesn't mean you should. If radio transmission is possible in sending bitcoin then everybody needed to know that in radio transmission there are so many hindrances we should know so that we could send the data/message/transaction and received it without any losses, yes losses is the main problem in transmitting data signal using that , because in every transmission we should consider the weather, the obstruction such buildings , location whether the altitude of that source is good of it is in the "dead spot" sending bitcoin thru radio signals is possible but there are so many things we should consider so that there will be no "losses" nor no "antenuation" will be made, so sending bitcoin thru internet cloud is the easiest and fastest way because it is uses different medium also yes we need to consider some things but it is easily to solve than in radio signal, and additional fact: radio signal is desined for analog not for digital communications. Higher bandwidth and high power is needed in digital. |
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Nope. you should never waste your time for only 5-10 cents a day, it doesn't worth the time and effort. It is better to join a signature campaign here on bitcointalk than going to some useless faucet site that is paying only 5 cents a day for clicking links.
You will only waste time for just a cent, you can do many things in that span of time you are giving for that work that will pay you just a cent. Sometimes you may also get a malware for clicking those ads, ads are operated by people they let people solve captcha for them and giving them such a low amount the only people who got rich for that is also them . |
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As i already invested on bitcoin a lot of money and time i would say you do the right decission investing on bitcoin, and i think bitcoin is like gold but will take time to get the high profit you might expect.
Soon bitcoin will be one of the good long term investment that every people with a lot of savings have. But the thing is gold can be sell in physical and it is legal with high tax I think unlike in bitcoin it can be traded and mined in internet. No, I definitely don't think it was a mistake investing in Bitcoin. If your strategy is good, you're going to be just fine. Yes the market has been bearish, but if the analysts are correct, we're heading for a bull run in the very new future. The bull run will probably be bolstered by the Halvening in May 2020, and if history is anything to go by (December 2017), BTC could very well reach new heights. Also, as long as you're investing carefully and through a reputable platform like Vertex, you'll be fine. If you know trading enough you will not have a mistake or regret investing in bitcoin. Many people loses their hopes in bitcoin many years ago but still bitcoin is alive and has a great value now. Bull run will be by next year I think that too. |
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Buying bitcoin is also a good idea but make sure you hold it for a long time. because I realize that people who intend to buy bitcoin often rely on it a lot, hoping that it can bring big profits in the shortest time.
That would be the most misleading mindset and you need to set up a discipline board when investing long term to make sure your portfolio is on the right track.
You need to set discipline from each investment strategy that you'll going to use inside this market. People who are being mislead by the mentality of quick benefits often suffered bigger loses, if you put the right mindset you will going to open the wider opportunities for you investment. Always make sure that you are aware with every possibilities including the risk that inside this industry. Yes indeed, invest only the amount of you can afford to lose, convert your money in alts, so that you may have different options but be careful where you will be able put your money, convert it to the top coins so that you dont have any regrets then make it as a long term investment. |
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