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Corrections are good. I think corrections are needed to get rid of weak hands or those who do not really believe in cryptos and are just betting on crypto like a lottery ticket.
These people will be flush out and when the market moves up again, the investors who have been patiently accumulating all the cheap coins will be rewarded.
Hold on tight guys.
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there will not be any paper money in the future as we all move to digital money or crypto currency.
Paper money is a waste of resources as paper money is printed and move in and out of circulation, resulting in printing of paper money.
When we move to digital or crypto, money as we know it will be just a number on a ledger (decentralised..or centrally controlled)
and transaction will only be thru digital means.
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Lots of altcoins will not survive but we will still see a large number of altcoins in the market despite the attrition. There will always be new ICO and some will learn to adapt to the new environment and evolve but there will be those that find the future environment of new govt regulations too stifling and will find themselves losing market share. Relook all your portfolio properly. Btw dun sell all your altcoins at this moment...it will be coming back  |
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Japan has been the most progressive when it comes to adoption of bitcoin and cryptocurrencies.
I believe that they will be pushing for the regulations and ensuing adoption of bitcoins and cryptocurrencies.
This will be the good news that we are all waiting for.
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it could be a good idea. It would be like the steem coins from steemit.com where content producers get rewarded with coins if others upvote their post.
A cryptocurrency that will drive content creation and rewards contributors.
While I think it is a good idea and that the ICO would probably be a sell-out, do we really need another coin? lol
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While I don't have many posts. I got involved in Bitcoin in 2013 and joined this forum in 2014. While I do not consider myself wealthy from Bitcoin yet. I do have an idea of how I would like to direct some of this new found wealth. I think most of the people who got involved early got involved for the right reasons. IE: To change the world and move humanity out of the control of the bankers. I am concerned that the new people coming may only be in to make money. I hope I am wrong, I really want this technology to be a force of good in the world and deliver economic freedom to the masses and the unbanked. My hope is everyone who was early, has some idea in mind that will help others. Maybe help your family, or a charity that you think isn't wasting money, or building a community swimming pool etc. If you have a lot of money think big and how you can change the world for the better. This is our chance!
I hope more bitcoin and crypto folks who benefited from this crypto boom will think like you and use their new found riches for benefits of others and not just for themselves. Bitcoin and crypto can only benefit those with the foresight and education to be able to be in touch with this technology.. there are just too many out there who are too poor or too uneducated to be able to benefit. kudos to you for your desire to help others! hope more will be like you. |
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yes. A ready made product is important for any ICO project.
It does show that the dev team is serious and really dedicated to making the project work.
But more importantly is to prove that the product has a demand.. no point making a product which no one wants.
It is important to prove the business case.. ie a product that is needed or a service that fulfils a gap.
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this is not just for BTC, many are holding on to their cryptocurrencies in their wallet in anticipation of higher prices in the future.
BTC however does not offer any staking benefits and will not produce more coins by holding it... unlike NEO and other staking coins.
I am holding to all my coins at this moment as the value will surely multiple in a year's time.
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I do believe that a lot more countries will come on board to accept cryptocurrencies once the regulations becomes clearer.
Countries are just watching japan and other countries like Singapore and Estonia in how they regulate and use blockchains and allow public cryptos. When more success stories emerge, we will see more countries jump on board.
The tipping point will be when countries start to issue crypto currencies and are able to successfully demonstrate the benefits.. then we will see more countries come on board.
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Divesting some of your profits and putting into real estate is a good idea.
You can invest into a few apartments and earn a good income thru AirBnB.
Or you can look at properties in countries that are growing at a fast pace and invest there.
I have bought an apartment in Vietnam and it will generate a rental income for me and at the same time, I will be able to enjoy capital growth in a few years; regardless of the price of crypto.
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Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?
If you want to do this.. you should not think about a uninhabited island. Cos you will not an uninhabited island that will be desirable for humans to stay. If you can find sufficient bitcoin holders, you can incentivize a third world small island nation to make bitcoin their currency. That would be possible but you will need people with sufficient connections and able to pull enough bitcoins and be prepared to give it away to the governments for them to do this. But I think it will be next to impossible.. |
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I think the future of Ethereum is bright.
Everyone talks about bitcoin being the most recognised name and that's why bitcoin will be successful.
But when you think of smart contracts, which blockchain do you think of? It is Ethereum.. so if you believe that Bitcoin has
a first mover advantage.. then you ought to believe in Ethereum as the default name in smart contracts too.
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In my opinion I think most governments in developed and strong states will not make bitcoin or crypto legal tender since it would result in them losing control over monetary policies. (except for japan..)
But I think crypto will become more accepted over the internet especially for e-commence. And I think this is more than good enough cos e-commence will become more and more prevalent than physical sales. So in the future we will use more and more crypto when we shop online and pay for services online but in the physical world when we buy a coffee, we will use fiat.
When I say fiat, it means digital fiat which can be form of govt-backed crypto too.
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With traditional shares, you own a part of the company. You have legally guaranteed protections in place that the board of directors of a company MUST have your best interest at heart at all times, or they go to jail. By us idiots (myself included) investing into ICOs whereby we forfeit all judicial and legislative protections that a company is MANDATED to have our best interests at heart, we essentially take on all the same risks as shareholders do, without any of the benefits. We essentially trust completely private enterprises that they'll always have our best interest at heart as token holders. Stop, pause, and realize how stupid we all are.
Take FUNFAIR for example. This is a huge risk investment with a lot of potential. As an early contributor, you get absolutely no equity, profit, or anything else in the platform, but rather simply the ability to purchase the token that will be used by casinos early. That's it. Investors like us fund companies like this from the ground up, and yet receive absolutely nothing comparable in return in the way of ownership and profit sharing.
Guys, we must all WAKE THE FUCK UP. Honestly. We must unite and STOP this practice whereby we invest in utility tokens. ALL ERC-20 tokens, and platform tokens, should be securities. Nothing else. We should all have ownership in a company we invest in, including sharing its profit.
None of these shit tokens offer any of the reward that we as investors deserve for the risk that we take. Absolutely none, unless you can cite me a specific ICO that gives you legal ownership of the company with the token, then none. The one exception are DAOs. Yes, these do confer you actual ownership, and I wish this is the direction that all ICOs would take, however they don't. Most ICOs are centralized and are not DAOs, and they will give you shit tokens rather than ownership shares that you deserve.
This is a realization we should all make. This practice needs to end.
You bought it cos you were expecting to make a huge profit by selling the coins somewhere down the road. You do not share the same vision as the company that you bought into but you expect that the company have your best intents. I think we all enter into any ICO with our eyes open. It is usually declared that it is an utility token or a security token. We are aware and we bought into it. The risk of ICO is high and we took it cos we want to make a big profit. Yes some lost money and some made a pile.. but we are fully responsible for our action. I think the crypto world is a wonderful place and we have access to all the information to decide whether to buy into the ICO or not. Read the whitepaper properly and invest properly. Having ownership means nothing if it is a shit company.. I rather own utility tokens in a company with a great concept than shit ownership shares in company that have nothing to offer. |
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I believe Bitcoin has a future in long term. It proved itself in the past years and it is getting widely popular. It just has a transaction fee problem atm.
What about the altcoins? Who does use them for real? Will people use them in the future for real purpose?
I only have a hope for ethereum and litecoin, but not for the rest. I am not even sure for eth and ltc.
If bitcoin solves the reansaction fee and time problem, I doubt eth and ltc even have a future.
Why do you think Bitcoin has a future in the long term and not alt coin? What can bitcoin do? You do not seem to have a basis for that argument other than it is popular. I do believe in Bitcoin but i think altcoins like Ethereum and Neo will be even more important in the future. And there are many altcoins that have applications beyond just storage of value. |
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It will take a while before crypto currencies become part of our daily life.
In the future, it will become part of how we make payments and it will also be part of legal, finance, property... anything that requires a centralized ledger today will take on the blockchain and will become part of our daily life. The best part is that in 5 years or so, we would not be that excited over cryptocurrencies cos it will be just part of how we lead our lives.
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A lot of investors have been selling their coins since january and I suspect most are newbies who have just gotten into the crypto late last year buying when BTC was $20,000.
They are slowly getting weeded out and once we have only strong hands in this game, you will start seeing price moving back up.
This is a vicious cycle that happens even in the traditional equities market. Those who can see the long game are those who will make the most
in such games..
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If you are looking for passive income generation, you should look for staking coins.
NEO allow you to stake their coins to generate GAS which you can sell.
There are many other staking coins out there too. And Ethereum is also moving to POS in 2018, so that would also
allow you to generate passive income.
You could also run a masternode in coins that support this feature and be able to earn coins passively in running a masternode but the cost of doing so is getting exorbitant...
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I do not think bitcoin reduces unemployment directly but bitcoin did bring about blockchain and this is helping countries that are embracing blockchain to build an entire niche area for growth.
This allowed progressive countries to build a new labor force for a entirely new industry..in that sense, new jobs are created
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Right now the general market sentiment is bearish and it is keeping bitcoin at its current levels.
What needs to happen is greater adoption of cryptocurrencies which will lead to more buying activity by new comers and also
existing investors...that will drive up prices of the entire crypto space and also price of bitcoin in general.
$15,000 is not too far from current levels. What we need is for more countries to be like Japan and accept bitcoins and crypto into their economies
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