I fail to see how insurance is able to solve the basic economic problems around the world.
For example, there is a large population of unbanked population and I'd say that that is one of the most crucial economic issues that needs to be addressed. Having private insurance for them would be a luxury, yes. But even if they had insurance, but no access to basic banking services to allow them to save money, take out loans for their business, or connect with international businesses, is insurance alone going to change all of that?
Also, you have to understand that insurance is offered by companies that make a profit. It's not some massive charity that they're having here. I'm sure that insurance is nice to have, but that's probably the least of anyone's concerns if they their country's economy is collapsing, and they need to protect their wealth from a collapsing fiat.
On a side note, bitcoin addresses a lot of the problems that I've mentioned above. Especially providing economic services to the unbanked, and helping them to connect with international employers.
The economic problems stem from wealth inequality. We have two classes of people : workers and owners. Unless workers are able to seize the means of production this wealth divide will only continue to grow. Financial services and having access to a bank won't solve these problems, unregulated Capitalism is a true beast and it works be extracting wealth from workers. |
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The thing is a lot of bitcoin supporters are simply holders and they are not actively spending their btc. It doesn't make sense to spend a currency when its likely to rise exponentially in the future. Once bitcoin price stabilizes much more people will be willing to spend it on everyday transactions.
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Is anyone else amazed at how much clubs are spending on players. I'm a big football fan but it blows my mind how people get paid tens of millions to kick a ball around while people are starving across the globe.
Anyways I always cheer for the underdog since a lot of matches are heavily one sided with the richer club usually winning. I wish there was more parity in the EPL since its usually the same teams at the top every year (Chelsea, Arsenal, Man U, Man City)
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A lot of noobs have "Get rich quick" mentality, they don't really believe in Bitcoin as a movement for freedom, so when we enter a bearish market, they start considering the possibility that Bitcoin was a bubble, a fad, a ponzi scheme, which makes them reach conclusion that they have to sell to get at least a portion of their money back. It's really dumb because even if you are into Bitcoin only to make money, you should analyze its long-term perspectives and its technology instead of thinking about from purely speculative side.
It's not just noobs that are spreading FUD about bitcoin. A lot of the fear and doubt is coming from rich manipulators and wall street guys that are looking to enter in cheap so they are doing everything in their power to crash prices. I think these people even have paid trolls to convince people online to panic sell and that bitcoin is dead. |
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In 2017, the crypto market grew strongly in the fourth quarter, making market capitalization grow rapidly. and many forecasts from market experts, investors will reach $ 1 trillion by 2018. Overcap of apple corporation. but everything from the beginning of the year to now. I find it hard to do that. The market is unstable and bitcoin can hardly reach $ 50k / 1 bitcoin.
Bitcoin can barely maintain its price above 6k, people need to stop dreaming while awake, I know that it is very tempting to think about the price that bitcoin can reach but it is better to wait until that actually happens than to keep dreaming with that especially since there are many people that will get disappointed when what happened in the last year does not happen again in this year. Too much panic and fud all around. Bitcoin is still up a very high amount from a year ago. There is no reason we can't reach new all time highs by the end of this year. Crypto prices move extremely quick and all it takes is a few buyers with deep pockets to start the next bull run. |
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Cryptos are far away from being stable. It's difficult for someone to accept bitcoin as payment when it can drop 30 percent in a short amount of time. Most businesses don't want to deal with that kind of volatility. I'm sure that most businesses that accept BTC convert it to fiat immediately to protect themselves.
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Wow this is very alarming, I had no idea oxygen levels have dropped this low from the removal of trees. It's a shame most humans care more about profits instead of protecting the environment. The wealth wont mean anything in the future if our planet is a barren wasteland with all of it's natural beauty ravaged.
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I highly doubt any coin can displace Bitcoin as the top crypto currency. First mover advantage is huge and bitcoin is the only crypto coin that most people know. BTC also has the most secure network with the massive amount of electricity that is used to mine . The only thing that scares me is if governments try to establish their own crypto coin and displace bitcoin, but I don't think they will be able to.
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I think the league should seriously consider moving the 3 point line back further. NBA games have become a 3 point shooting contest with a serious lack of inside play. There is practically no mid range game anymore.
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I'm shocked ethereum has fallen below $400 again. You know this market is taking a real beating when even the top 2 cryptos (btc,eth) are taking a massive hit. Well at least we have another chance to buy in cheap. Eth and BTC are the most stable and widely used cryptocurrency so investing right now will give you a 2-3x return in the short term.
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Government currency is more likely to lose its value. We saw what happened in Zimbabwe and Venezuela. Corrupt governments and hyperinflation ravaged their economy. Bitcoin inflation rates are set by code and mathematics. Fiat currency can be created out of thin nair with a few keystrokes. I feel much safe having my money in crypto instead of government money.
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The biggest advantage for myself in regards to online gambling is convenience. Why would I want to drive a far distance just to go play at a casino when I can do everything online from the comfort of my own home. I would rather eat whatever the hell I want instead of being subjected to casino food. I still visit casinos occasionally but the majority of my play is with online casinos now.
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There will always be people selling, fearing of the price dump. As long as there are people purchasing it, there is nothing to worry about. Bull market can not last forever, there must be some storm too, if we want to see rainbow  But there are some possitive connected to those sellings, prices are getting lower and new investors are made to invest, so it could be even profitable when most of the people are scared to hodl their coins for a little bit more. That's a great attitude to have, think of this as an opportunity to buy cheap bitcoins instead of being negative. Unfortunately for a lot of people they have already invested all their money into crypto and are unable to buy anymore. These markets can really play games with your mind and really test your patience. This space is not for the weak minded. |
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Bitcoin will not reach 5k levels again. The support is too strong near the 6k level. In my opinion $6000 is the lowest it can possibly go in this bear market. We are reaching a point where miners have razor thin profit margins and they will not sell at a loss.
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transfer fees are so low compared to the bank. this move of BMW is pretty clever. so they say ready for new technologies.
It's great news but I'm sure BMW converts the btc immediately to fiat money.It can of defeats the purpose if they can't even use the btc to pay for their company expenses. We are still a long way from full adoption and having btc be a global currency. |
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At least you came out with a profit, there are a lot of angry people that bought near the top that are heavily in the red. It's impossible to predict where the top will be so so don't feel too hard on yourself. It sucks to sell too late but its an equally bad feeling to sell too early and watch the prices skyrocket.
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I would never put all my money into one altcoin. I would go 100 percent on bitcoin but never on a low marketcap altcoin that could die at anytime. If anyone is seriously considering going all in on a lesser known alt only lose money that you are fine with losing. I've seen many altcoins seemingly disappear overnight after the developers dumped their own bags.
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Its hilarious how people were sayin "I wish I bought bitcoin when it was cheaper" Well now they have the chance considering the major discount from the all time high price, but most investors are scared. The key with investing is putting your money in when others are scared to.
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I used to check btc price constantly but it was causing me too much stress. Now, I may check it once a week since I'm not a day trader. Some people have a real OCD and check prices every five minutes, I really don't see the point in doing this. If you are and investor just hodl for years and try to forget about your coins.
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Most websites only take bitcoin and maybe ethereum. Altcoins aren't too heavily trusted and are more likely to suffer big crashes. People actually have faith in bitcoin so they are willing to accept it. Most online forums and marketplaces I use accept btc. The fees have been really low for me, I've been sending transactions with fees under 5 cents and they are getting confirmed rather quickly.
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