Most people creating something new and make invention because they want their life more easy. Money will come by itself if we make innovation and creating value on goods or something
there are also people like that, but most people are oriented towards money in carrying out activities. many have plunged into the crypto world to become rich, like their friends who have been successful I think bulshit if people work but are not motivated because of money, not everyone but most people have such goals, people work because they want to get a better life in financial and economic terms, that is the goal why people work, even if it sacrifices their worth time.. |
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Actually in my experience I encounter different stores and stalls who accept bitcoin just like in China I saw some electronic store who accept bitcoin as their payment and there are some mobile repair and computer parts who also accepts bitcoin and also there are some mining rigs store that is actually pretty good that also accepts bitcoin as a payment I think it is awesome that even small stores accept bitcoin and it is very easy to transact with them.
no wonder if it happens in China, their country has many miners, of course they are familiar with bitcoin and crypto, by accepting payment with bitcoin, it will widen their market and target consumers. I hope my country will also become more aware of crypto |
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Many company now accept bitcoin and some other cryptocurrency and people get channce to buy many thing with cryptocurrency and some payment they should be pay with cryptocurrency and this make people inspired to hold cryptocurrency and use these on this kind of sector.
I believe the number of 1 billion bitcoin users is not too complicated to achieve, because more and more countries are accepting bitcoin, and companies everywhere also accept bitcoin. So, be prepared to welcome bitcoin as a world currency without government regulation as it has been. no one thinks that is impossible, there is a possibility for total of bitcoin users to reach 1 billion but we don't know when that will happen? but what is certain is that it will not happen in a near future because the development and spread of bitcoin are always constrained by legality issues and other problems.. |
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Many countries allowed their people to use bitcoin with some rules and regulations. This is to avoid illegal activities of using bitcoin. I would say, I it's one of the best platforms to convert the black money into white money. This leads to another criminal activities.
Then do you think every government should ban their people from using bitcoin? lol. it is not a solution but a government dictatorship and failure to seek mutual benefits, in my opinion there is a middle ground to this, namely regulation.. |
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"Not Yet Legal But Not Banned" that means it's called neutral position.It's definitely positive point for those people who used crypto currencies.Neutral means BTC transaction is legal i think.
Like in my country, the government in my country does not give any information to legalize or prohibit it. they just say that be careful with investing in virtual money and all responsibilities are given to each person, so there is no prohibition here.. |
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10 Million dollars for the bitcoin is very realistic because the highest possible price of bitcoin is only 100k dollars and even that is very low chance to happen only because bitcoin now is very low price and we don't know until when is this.
Am I misunderstanding your statement? 10M dollars is very realistic but you said that the highest possible price is 100k dollars only? Or did you mean to say "unrealistic"? For me it is even hard to reach its last year highest price again in the next 10 years, of course hard does not mean impossible. Chance is always exist but I do not know what will make its price raising again. As a trader, I will just follow the price movement and take all possible chance to make profit. I wont hope too much.. although all things can happen but to achieve such a high price is very difficult to achieve, what is the reason so that prices can reach $10 million per btc? even the gold used by everyone in the world does not reach that high price? Will the price of bitcoin be that high if it is used by everyone? I dont think so |
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Well, nobody knows whats gonna happen in 5 years from now . Not even the expert cannot guess whats gonna happen with bitcoin . We just need to wait and see, anything could happen in 5 years. Bitcoin may disappear or maybe will be still the king of crypto. We will se in 5 years from now .z
of course we don't know what exactly will happen in the future, but by looking at the developments of bitcoin right now, we can predict what will happen in the future and I think seeing the spread of bitcoin that is pretty good, almost every day there are adoption happen, its possible 5 years to come the price has exceeded $30k.. |
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if you say so, you think that will never be a bull run like the past bull run in the future...
well, i'm pretty sure that there will be an other great bull run, but not before 2020..
Completely agree, and as a prove - just look at the BTC/USD chart, at previous tops, they never happened the same year, some momentum must be built for the price to continue the growth and it needs time, maybe even a few (2-3) years. bull run may occur within a certain period of time and not every year, that's what the chart says, but at the end of the year the price fixes will occur at least a few percent price increase occurs. so don't be discouraged maybe we can make big profits this year.. |
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I would like to see what will happen in a few years, and maybe even dozens of years Personally, I'm sure that the future is behind the crypto currency.  With patiently we know how potential the Bitcoin future going to be, we have seen many downfalls from 2010. Last year is the best year for the Bitcoin because the price of Bitcoin reached to ATH in the market and makes many companies and governments shocked by seeing the price. No, it is not patience it is use of mind as using by Germany after accepting the Bitcoin and few other crypto coins they are making it a part of their lives in many ways in which it can help them out as we know that is friction-less so it helps in their banking system as well. They are using it as payment mode everywhere and even banks are using the Bitcoin to pay loans to others. but the point is that bitcoin continues to grow and develop, the development of bitcoin makes many parties accept and adopt bitcoin right? as you said many banks also started accepting bitcoin? this is a good signal for the future of bitcoin, that bitcoin might take an important role in the world economic system.. |
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If a global disaster occur. I think noone can ever use bitcoin. Because its a global disaster and all of us will be affected. So we all we need is hold our bitcoin. And we don't know if its price will increase or decrease.
Well are yet to experience any sort of global disaster so I will not give that verdict yet.But from what I know from history, is that in the face of global disasters, Gold is the only commodity who's value seems to increase. Definitely global disaster will decrease the bitcoin value because at that time people would have no extra money to put in bitcoin and when bitcoin receives no investment the value will go down and so will be price. In time of disaster people would think only to save their selves and you are talking about the value of bitcoin. May there be no internet and no cryptocurrency. nope in my opinion for now there is no direct relationship if a disaster occurs then it make lowers to the price of bitcoin, moreover the total bitcoin users do not cover everyone, of course people affected by the disaster are not necessarily bitcoin users right? |
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in the future, will there really be a need for fiat currency? Government can collect taxes in crypto, determine how to allocate it, and spend it in crypto. Ppl can receive salaries and do all commerce using crypto. Loans can be done in crypto. Fundraising can be in crypto. Sure, problems have to be worked out in terms of scalability, does it have to be completely decentralized, etc, the value has to become more stable. But theoretically, is there any reason to have fiat in the future?
It has been established that governments can now do taxation without representation by printing more money (which is a tax on everyone holding the currency), instead of trying to get a bill passed that allows it to increase the tax rate. With crypto this would be no more. All increased taxation would have to pass a vote.
From an economic standpoint, the idea that a country can stimulate its economy by adjusting interest rates is tenuous. There is just as strong an argument that lowering interest rates has caused speculation and bubbles, with calamitous results. In a crypto market economy, capital will flow from where it is needed less to where it is needed more.
It's not even about taxation. States can not physically go to the calculations in the cryptocurrency, for this decentralized cryptocurrency has too many shortcomings and, above all, greater volatility. On the other hand, a part of the population of any country simply does not want to switch to the use of non-cash money, and even more so cryptocurrency, the use of which requires certain knowledge and practical skills. Of course, fiat currency is really necessary in the world because it is more convenience to used as payment especially in small store and it also used for any payment because it is the only currency that accept. While cryptocurrency is good for transaction in shopping in some site because it is fast to used, im short it is cashless which is good now to our society because most people are using credit and debit card which is cashless. You can call crypto better for currencies and spending, but within a country we must follow the existing rules and the government requires that fiat money be used as the main currency for shopping and so on, from that we cannot do treason by replacing fiat officialy, after all, Fiat isn't too old-fashioned there are many types of cashless from fiat like credit cards.. |
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I prefer to engage in bounty, it is unstressed and interesting work. And you can earn good money. Trading is more dreary.
if you don't like to take risks and don't have the courage or don't have any knowledge then stay away from trading. because this method is only for people who are brave and have more knowledge and you know, they have the possibility of a large profit greater than the bounty user |
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no one knows the specific answer to this question. But i know for sure that the Bulls are gradually coming into the crypto market currently.. And the market might bounce back anytime from Novemeber
Yeah no one knows for sure when the price increase will begin, but as many people predict near the end of the year the price will get better and the pump price will probably be seen, the turning point will probably start in November or December I think at least will increase a few percent.. |
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I want to invest my savings into cryptocurrency. So I am thinking about the future of cryptocurrency. What do you think? Do you think the future or cryptocurrency is good? Or do you think, the future or cryptocurrency is bad?
Please help me, because I am going to invest all of my savings. So if I make a bad decision me and my family will be on the street.
in my opinion, the future will be much brighter than we can imagine, because such a long correction should lead to a violent surge, now in some respects the market is good, because you can buy cryptocurrency at the lowest price than in the future the current market conditions are not as bad as some time ago when panic and fear dominated and what happened was only a price decline that did not stop. and now the condition is improving but recover has not happened. but that doesn't mean it won't happen. it only takes longer time to be able to recover I'm sure of that.. |
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This are real problems faces by a beginner in the industry and it only takes experience or good mentorship for a beginner not to fall into such mistake. This article was helpful and I also learned new things with it
There are many people that have been around the market for a very long time and yet they make the very same mistakes, so I really do not think that this is a problem of the newbies not taking care of their coins, this is a general problem that happens because people are not used to take care of their computer files as much as they should. Yeah of course it's not just the newbie who made that mistake, even some older users have done that. I still see many older users who complain about the security of their wallets because they were stolen, then I ask if they use 2fa? they say no. every people must make mistakes and we must learn to improve that |
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Got in at the height of Jan this year and all holdings lost more than half from the previous peak.
Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss
After sold last week, all coins came back up 10-20%, even more frustrated, what to do?
Just invest only in solid altcoins and find a good entry price you need to be patience if you want to earn profit. many traders are struggling right now specially the newbie one even my portfolio is currently negative 68% but still i'm hopeful that i can recover and i'm confident that it would happen because i only invest in top 10 coins in coinmarketcap. Actions should be stronger than your emotions, if you want to take another shot inside trading business you should control your emotions first, wrong actions should be considered as a learning steps you can buy top coins from the coinmarket review the movements of the team and monitor how well they manage to continue even in a struggled market,be patience and wait don't sell with another loses. LOL therefore your emotions must be discarded because it can affect what you do, without paying attention to research first, emotions like frustration will only make you panic and any calculation will be in vain because you are more inclined to sell because of fear and panic. so the point is not to combine emotions with your calculations.. |
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Trading is more profitable than mining if you what you are doing. Mining bitcoin requires a lot of investment and with current market situation it is even no longer profitable.
Yeah if the rate in the market is low, of course mining will not be profitable, especially if the electricity and maintenance costs are expensive. of course the income from mining will not be able to cover that cost. if you have more skills and knowledge about crypto, then I suggest choosing a trade... |
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As more and more countries become "cashless society", Bitcoin will fail in next 5 years.
How you can say if more countries become cashless society bitcoin will fail in the next 5 years? would you please describe? I think bitcoin will take attention more people. Because of transfer fees, Can hide identification, As much customer want they make a transition (no limit). Maybe I can be wrong please explain me with your thoughts. You right, of course bitcoin will survive in cashless society, because that is the environment of bitcoin that should be, when cashless society happens, of course online currency or virtual currency will be more and more popular, bitcoin as a virtual currency pioneer will certainly be in great demand at that time? |
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I think bitcoin and cryptocurrencies in General by definition can be called a private currency. They are not controlled by the state, created by private institutional entities for individual purposes.
I think everyone is free to call it, because that is the function of decentralization itself, everyone is managing their money freely in bitcoin without any rules and interventions, there is no limit in using their money here, that's why bitcoin is often called private currency for some people.. |
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One more mistake that is really easy to see is that people buy cryptocurrency follow trend, without any knowledge about it. i think whenever you invest in something, you must understand it and know about it
absolutely right, Fomo (fear of missing out) and FUD (fear, uncertainty, doubt) are poision in this game. INvest and wait it out. And liek you said, research is very important or else you can lose a lot of money which is no fun. The market and investors are very sensitive to issues, speculation, news, fud, trends and so on, many of them are affected by it and they swallow the raw news without any knowledge and analysis before making a choice and that makes them trapped and loses |
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