Latest posts of: RavenHood

I think in the future, but there is some cryptocurrency that you can mining using your smartphones but not that high, like bitcoin and another top cryptocurrency. But keep believing in the technology because someday it can happen.

The reason why other country ban cryptocurrencies because its decentralized and they can’t control it if you can’t control the currency that coming to your state you can’t get regular or can’t deduct the correct tax to your people. The other reason is some people are using the advantage to do their illegal work, like selling drugs and smuggled stuff. Another reason is maybe they are creating their own cryptocurrency like another country, and they don’t want to use the other cryptocurrency that they don’t own.

I think we can’t call this the death of bitcoin because bitcoin is still valuable and accessible. Even there are so many negative news about bitcoin it still expensive. Yes, we can notice that bitcoin’s price drop down but, it’s not the end of bitcoin, I’m sure that bitcoin’s price will become much expensive compared to that last time to its highest rate.

I think the only factors scare many investors to spend their money in bitcoin because they don’t make sure if the profitability is very significant because of bitcoin fluctuating price. The other factor I think is the investor's knowledge, many people invest in bitcoin because they feel that it’s easy money, without knowing the essential meaning of bitcoin.

BitcoinTalk username: RavenHood
YOLOdice user id: 173394
Forum rank: Full Member
Current post count: 329

Bitcoin isn’t a legit or legal currency because it's not created or owned by the government. But bitcoin is a digital currency that many people are using even its price is unstable. It's not legit because bitcoin is created to boycott the central bank's expensive fee and long confirmations. Also, most of the government sectors want to protect their lands or obey their rules, so if their standards disregard this cryptocurrency, it's their right to forbid it.

Btctalk name: RavenHood
Rank: Full Member
Current post count: 328
BTC Address: 12RaQ4wGZCGFyUxTdvhjQxkoRbBoJXM7MR
Wear appropriate signature: Yes
Wear avatar: Yes

Bitcoin is different from other currencies because it is the first digital currency that becomes popular and it is decentralized. Bitcoin can't be duplicated, and you can transact your bitcoin into another user almost anonymously because they can't see your name they will see your codes/ wallet, especially know that bitcoin become very popular and costly.

I think, yes it might happen because there are so many cryptocurrencies out there are very worthless because with the nonsenses uses. But I think the main reason why most of the cryptocurreinces will crash because of the tax and acceptability of it. If this crypto doesn’t have a great and tremendous community I’m sure it will end up badly.

Maybe yes, weak hands lose their money while strong hands make profit in this kind of world or game. Why weak hand lose, if you can’t take the pressure that bitcoin’s cost is unstable that this time bitcoin’s cost is decrease and you can’t afford to lose your money I’m sure you will sell your money because you don’t want to lose a massive money. But if you a strong hand you will understand the thing you enter and what game you are playing at, strong because you can take the pressure what is happening and keep playing this game that like you plan.

I think yes, bitcoin is helpful and useful to the economy that accepts bitcoin. There are some nation that prohibit bitcoin because they don’t want it, they don’t believe on it and also they just want to protect their people. But, if this economy or states accept bitcoin it will be very helpful because the ability of bitcoin is very tremendous, it can give the person to have a news source of income that he/she can use.

In my opinion, it will depend on the person what he truly wants and what is his/her current situation. I know a person who left his job and go full time in bitcoin because of his disability. Yes, going full time in crypto is a huge risk because the income that you can make is not stable and also the cost of it, but it will always depend on the person what he want. Life is not all about the money the you can make; it’s about living in this world doing the thing that you want and stuffs that you will be happy with no regrets.

Yes, investing too bitcoin is not that easy, especially if you don’t have the knowledge and ability to embrace this cryptocurrency world. Bitcoin’s cost is unstable and if you panic sell your bitcoin because you thought that bitcoin value will be worthless so it is a big lose to you. Even there are now plenty millionaires in this crpytocurrency world they also have so many struggles that encounter.

Bitcoin is now the future of currency because it is digital, in this technological world you can say that thing upgrade because it became digital. But if you want to say that bitcoin’s future now, I think bitcoin will become very famous so its cost will become very expensive or in the other hand bitcoin will become worthless because of the issue and boycott in many people or nation.

In my opinion, I would say that it is worth to pay $8200 for 1 BTC even you are a newbie if you can afford to lose that kind of money. But if you don’t afford to lose that kind of money even if you are not a newbie you will think numerous moments if you will take that kind of risk. But if you can afford that kind of risk, why not bitcoin’s cost become $20,000 in last December.

In my opinion, bitcoin can’t solve the world’s problem but it can help many people to obtain massive money that can make a massive change in this world. We know that there are so many problems in this world and bitcoin can only help some people in their financial problem. Bitcoin is very expensive and there are some many people become wealthy with the help of it so it can help the world in our economical state, to improve our economy.

In my opinion, it is still the how much you invest, yes if you invest a massive amount of money at a higher price you know that you can still gain or earn it. Predicting when bitcoin cost will decrease is very difficult because there are some money traders and investors in this world. We know that bitcoin cost is very unstable so if you invest a bigger amount of money in the time that you think that bitcoin’s value is very affordable on that time I’m sure that you will not be pity. It’s not all about when you should invest, because if you can afford to invest on that time, why will you still wait for a long amount if the percentage of it is very meager.

In my opinion, the biggest advantage of bitcoin its unstable cost and decentralization that can transact your currency or cryptocurrency almost anonymously. Also, bitcoin is a payment system that you can use to pay your bills, purchase some stuff you want. Despite the fact that there are a few issues on which we need to discover solid arrangement however I am idealistic about the future and I trust that we will have an extremely easy to use in the coming time alongside steady market condition.