banknotes including fiat money managed by the government. if in appeal to cripto money very much different, because fiat money will get many rules from the government such as taxes. while crypto money will not be affected by the government.
Not all the people think like this several courtiers are even thinking to make bitcoin as the legal and regular money of their country. For me whenever I go to some markets I mostly saw a board written as bitcoin payment service is available. So it is not a big deal to have bitcoin now a lot of countries are going to make it legal. Bitcoin demand is now very high and people are using it as legal currency so future of paper money it in danger zone. Many people complain about the use Bitcoin. But when they know the real benefits of Bitcoin they become fan of it. The Bitcoin is the only crypto currency which got the level of popularity. That’s all because of its unique qualities. Bitcoin has many advantages over the paper money. There is no any fear of theft of Bitcoin as compare to paper money. We need to help of banks to save our money. This is what it is happening all over the world, people that were against bitcoin are realizing the amazing currency that is bitcoin and they are beginning to adopt it, it is not going to be long before bitcoin becomes adopted by a huge amount of people and we will be able to use it in our everyday lives. |
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I don't think bitcoin could replace by any cryptocurrency as the top one because almost all cryptos now are almost clone of bitcoin. They may have better features and applications than bitcoin but all are based on bitcoin's decentralized open-source blockchain technology which is bitcoin is the original creator.
Correct many of the projects coming out are not really original and in some cases you could use bitcoin directly as the solution but no, people want to create their useless coins and try to get millions of dollars in funding and make themselves rich by creating a useless product. |
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Well part of me is regretting that i sold my bitcoin in the past but still if i didn't sell it that time i won't reach on where i am today. Bitcoin price is still increasing and i think it will reach a higher price till the end of 2017 but as the saying say ''live life with no regrets.''
Living without regrets is almost impossible everyone has something they regret as long as you used your money in something you needed and you are comfortable with what you did that is fine, but there are many people that gamble their bitcoins away and must be regretting doing something like that. |
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bitcoin is already an international currency other countries accepted bitcoin as a mode of payment but here in my country it is not yet that well known especially in provinces areas. bitcoin will be okay for big companies and i don't think that small bussiness will adapt that idea so i think it botcoin is functional for big stores or companies.
Bitcoin is not exactly an international currency, and it will not happen for a long time. I do not believe that there is something international. Things may have shrunk in the globalizing world, but the world is still quite large. You can use bitcoin from almost any place in the world, as long as you have a phone and access to the Internet and you can send your money to any place you want and if that does not make bitcoin an international currency then I do not know what will. |
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people scam because they cant work their own to support their daily basis so that why they want an easy money than to work their own
That's a very lame excuse to scam people. They chose not to work and end up scamming people due to easy and quick money. Greediness is the key factor here. Once they successfully scam someone, they tend to scam more. True, scammers are nothing but thieves they try to justify themselves by saying that things are difficult in their country but resorting to those low methods is simply unacceptable, if things are that hard in the country where the scammer lives he could always find a legitimate way of making money with bitcoin. In the present world, there is a huge number of people who are only making money by doing fraud a scam. Their only motive is to make a good amount of money and that too by launching such kind of techniques which can help them in making other’s money as their own money. They make other people fool and as a result lot of people lose their money and later they feel regret of all this. Scammers are a cancer to the community, not only because of what they do but because the chances they get caught are very small and that is bad since people see scammers getting away with their money and not getting arrested or anything, especially since they are not stealing a few dollars but thousands. |
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Don't forget other coins like Lisk, EOS, Waves, Tezos, NXT, etc.
All of those coins are good for long term holding but you also need to balance your portfolio and hold some other coins with lower market capitalization that way you can make even more money in the short term with those investments, while the coins you mention give you long term profits. |
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There is no safest way to gain 1% daily profit from trading unless you are a trading genius. The safe bet is to pick some coins that swing back and forth a lot around a certain value. Buy low and sell high. That is it.
I agree with you, if everyone can always get 1% profit every trade, surely everyone will be rich. trading takes brilliance and experience in looking at price developments in the market. so the basic way to trade is to buy cheap and sell back when the price goes up. The issue is that people are spoiled with crypto and they think they are always going to be able to get great profits and we know that this is not the case, there are moments where you are going to make a bad trade and then you need to make even more trades to get back the money you lost. |
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Same question was asked about bitcoin years ago, now where bitcoin is. I agree today the whole cryptocurrency market is dominated by bitcoin currency. Still investment in altcoin is worth. Altcoins are slow moving but steadily increasing currencies. As number of investors is less these currencies are less volatile. Ban on bitcoin may affect biotin in future as a result; demand flow may get diverted towards these currencies.
We received our answer in the past weeks where altcoins have made great progress especially coins like LTC and ETH, people just need to learn to have patience, I know that is not easy but we must learn it, if you do not you may sell your coins for a bad price and and you will never get the profits produced during that time when you do not have altcoins anymore. |
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I choose bitcoin at the beginning because I was looking to buy something online and at the time I had no bank account and no way to pay electronically, and then I saw they were accepting something called bitcoin, I researched the subject and then I realized that bitcoin was exactly what I was looking for.
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They're still mining like mad, there must be many thousands of people who hold some BTC still.
How are they trading? Is there masses of OTC and P2P? Is it possible for them to get on Korean and Japanese exchanges?
Many predicted that after their big fat congress they'd reinstate some sort of exchange functionality. That doesn't appear to have happened.
Will they go for a full clamp down including attempting to squash non centralised trading?
Chinese people have shifted their trading activities to countersales.They do P2P trading and they use telegram chats for such trading activities.Since telegram chat seems to be encrypted,they find it safe to use it. All the people not give up making fortune just because some law passed and China where making a lot of money with bitcoin and they are not going and going with out a fight and when you take into account what is happened in Japan.Many people in china involved in trading by unknowing to the government. Yeah it would be dumb to give up, the Chinese have been making a fortune with bitcoin for a lot of time and they are not going to simply accept the decision from their government, as long as there is money to be made people are going to find a way around the rules. |
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Dear friends,
I have 2 BTC - it's all my money.
Should i buy and hold Waves coin for longterm (end of 2017)
Thank you so much
It is never a good idea to invest all your money in a single coin if you do that you will be tied to the fate of that coin and if that coin fails you are going to lose all your money and at the current rates of bitcoin that is a significant amount of money. |
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every single day ICO projects always appear with their respective advantages. but in fact, many are experiencing failure in the end. they just waste time and spend money to advertise? how about you're opinion  Not all ICOs are scams. Among venture projects there is a large share of failed projects that have various fail reasons (unpromising technology, uncoordinating team, etc.). This is a normal situation. You are correct but at the same time scammers are creating so many bogus projects that the amount of scams is outnumbering the amount of projects that are legitimate and this is turning people away from investing in icos and to be honest I cannot blame them. |
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its impossible to see any altcoins go up x10000 , bitcoin did it once in 7 years and no coins can do this profit in the next 100 years .
Are you sure? Let's take a look at coinmarketcap website, there are coins did this. Bitconnect, from $0.15 to $420, but it's a ponzi coin, don't get into it. I'm just saying as an example. And even that impressive growth is not big enough since that is only 2800x in order for that coin to reach 10000x it will need to reach 1500 dollar per coin, and that is in dollars if we looked at the price in terms of bitcoin the growth will be way smaller. |
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Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.
No, that is a conspiracy theory and not a very good one, why do you think someone will create something like bitcoin to control the world economy, bitcoin cannot be shutdown, cannot be taken away from you and you cannot be forced to pay taxes, why would someone try to control the world with a coin like that. Why not? If someone can manage total hashrate in Bitcoin network (mining), this person or force will be the controller in the Bitcoin system. That's "Attack 51%", you can research more detail on Google Seach. And by the way, this future just happen if Bitcoin can become the primary currency someday. If someone was able to get that kind of control over the network it could be very easy for all us to change to another coin, if everyone moves away from that coin then the person holding such hash power will be doing so in a coin that is no longer worth anything. |
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Of course that seems to be the most convenient option in these times of great volatility, because even if the bitcoin suffered a sharp correction in coming days, the price increase has been so great that we would certainly close the year with big profits. However, given the great news that bitcoin is making a world mainstream, it seems to me that there is a greater possibility that the price will continue to climb towards the threshold of $ 20,000 before going back to $ 10,000, so holding seems the best decision.
However, it would not be a bad idea to cash out a bit of your bitcoins to have some liquidity these days of uncertainty.
Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading. Holding is for economically wellfare people. They have lots of money and they can risk their assets. But if you have limited capital, you may not be able to wait that long to see your investment became big. You do not necessarily need to wait for that long, if you only hold for five years that can make all the difference in the world, imagine if you bought bitcoin at 2012 and you held for 5 years you will be probably be rich by now and if you do that with an altcoin you could become rich. |
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What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age?
Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?
Unlike the majority of folks of this thread, I cannot agree that this would be a sound investment for the majority of elderly folks (at least in America). Why? RIsk, and the current state of the price. In a general sense, the older you get, the more risk adverse one should become in their investing strategy, as there is increasingly less income potential to replace the money should one make a bad investment. on the other hand, at these price levels no one can really call what is going to happen in the next few months. the price is so high it takes a significant investment to see meaningful gains. would you want your grandma to buy 10k worth of btc, to have it drop 30% over the next few months? that 3K loss could have been a month or so of living expenses, and time was lost as well. bitcoin is for the younger investor, more welcoming of risk. I agree with this, this is the most basic advice you are going to get in any investment book, when you are young you can invest in all sort of crazy investments because even if one of those investments fail you can always recover your money by working hard, but once you are old you need to play it safe or never retire. |
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If a huge amount of people sells their bitcoin due to panic caused by the news or rumours, it's possible that the price of bitcoin will drop down, depending if the amount of bitcoin they've sell will be significant enough to make a huge impact with the current prices.
Now that the price are climbing I think it will create a big panic when there will be a hard dump. I like to see how much it will dip as for sure I will not pass this opportunity to buy, just hold more because the price has no plan of stopping the rise. This was bound to happen, people get very optimistic when the price is going up but people tend to get very pessimistic when things are not going right, it is obvious the pumpers are taking into account this reaction, not only they earn money when bitcoin rises they also earn money when bitcoin goes down. Most of the time it's the novice investors who starts to sell their bitcoin whenever there is bad news looming and the price starts to drop, had they been in the bitcoins for some time now, they would have known that irrespective of the situation, bitcoins always seemingly rises up again. I have seen many people making that mistake and not only newbies, some people begin to see that the price of bitcoin goes down and then they sell thinking they are going to be able to buy cheaper in the future only to find out that the price of bitcoin has gone up. |
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Hey guys, first of all I'll probably make some mistakes writing that, please forgive me  So, I am in crypto's world since 3 years now. And I still have some dubts. Probably, this is because while my knowledge about this increases, so do my criticism. Let's go to the questions. 1)Bitcoin, and all the cryptocurrencies, were made to replace the fiat money. One of it's most important features, is that it doesn't require to trust someone to make a transaction, because it will be certainly confirmed via blockchain; all right. So, there is still a problem there. To buy/sell large quantities of cryptocurrency, we're using escrows. To make a succesfull ICO, we do aswell. While on the fiat money you've a third part (the central bank) which guarantees for the value, in crypto you need an escrow: you still need to trust someone, or someone to guarantee. Let's say in the future I want to trade ETH for BTC, the transaction can't be canceled, but.. who sends it first and takes the risk, without a third part supervising the transation? 2)Let's say I'm one of those who boutgh 100btc in 2014, and that I've got some milions now, and i want to exchange them for fiat currency. How do I do it? A bank, allows me to send even bilions with a transaction. I can buy a bilion dollars paying by euros; how do I buy a bilion of dollars paying with bitcoin? Yes, you can withdraw from exchanges, buy.. 500k/month or so? I can sell them in private.. whatever is the solution, nowadays is way MORE complicated than using fiat currency. 3)Governments and big banks. There we go. They r already working on that, everyone who's a bit informed, knows it. What if they just declare crypto illegal around the world? "it's decentralized! u fool! u can't stop the progress!" yeye, ok.. but even if you won't accept such a decision, you will still need someone who will recognize the value of your currency.. you really think that most ppl in the world won't follow what the government says? We all know that the majority, won't follow the revolution. Another scenario is that banks start creating their own currencies based on the blockchain technology. You really think that people are going to prefer some of the existing currencies over the one that their banks says is the good one? They simply won't. So, I'd like to receive some answers to these points; I want to make this a good discussion, without flame, and without "WTF I LOVE BTC U DUMB" stuffs. Let me know your pow ppl! For your second point on how to cash out you will have no other way to proceed but to use exchanges and about your third point you are right in order for a currency to work you need someone else to accept it and if it is banned then most people will not accept it but some will and that is what will allow bitcoin to thrive. |
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Do you think they are talking about bitcoin in your basic ECON class?
One of the ECON professor discussed about bitcoin in class but he just keep on telling the negative side of bitcoin like disadvantage of this coin. I think he's just discouraging students not to believe in bitcoin. And he even said that bitcoin will be ban in our country so we shouldn't waste our time on bitcoin. While that is a shame at the same time bad publicity is still publicity if the students did not knew what bitcoin was they now know, the only thing they need to do is to simply question authority which is something that as a college student you must do. |
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Less transaction fees and same amount as BTC... why not  Inevitable. BTC is dead It is anything but inevitable, bitcoin is looking very strong at the moment, now it seems bitcoin cash is going to be here for a lot of time since it seem to have the support from a segment of the community but you cannot expect everyone to support especially if we take into account what we know about bitcoin cash. |
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