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While It is good to be positive, I am however a realist and will sell that with all the murkiness of the present crypto environment, it is going to be the future i.e. bitcoin, but much needs to be done before we see that reality with us. It is going to be fun to see when the whole system naturalises to the bitcoin usage.
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It is quite painful and pitiful that the prices continue to be an up and down swing and very unpredictable as the markets have remained in the red beyond the expectation of the crypto pundits. When the market is going to heal and stabilise is a matter of conjecture and speculation, but I hope it is soon.
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It is good to know that a major sales outlet like Walmart is selling (and probably accepting) bitcoins in the single unit dollar range. It is a boost and a turn around for the market as well as sending a message to the pessimist that the sales outlet is ready to accept the bitcoin. It is also a sense that they have an eye for remaining relevant.
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I am quite sure this is a proof that there have been many occasions of compromised accounts on the bitcoin platform either by sheer carelessness or ignorance or both. There is a need for all and sundry to take heed irrespective of your status, location or activity. This way we contribute to the stability of the markets and business.
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Many factors are yet to be drawn before crypto can be stable. As long as there is not some form of regulation to curtail the large incursion of the crypto sphere of fraudsters, scam and unreal programs, bogus promises and deliberate attempt and inducement to cheat and defraud people, then the market will not see price stability soon. It is a fair drawn conclusion!
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For those of you traders, please be careful with fake exchanges, because I found a VERY SAME exchange that makes no difference at all like the exchange on EtherDelta, the fake exchange link that I saw I got from my Gmail inbox, which message it was contains about giving tokens like AIRDROP, and there I am given a registration form link and in the form there is a fake EtherDelta link, and this is the link http://EtherDelta.website, and this is the original EtherDelta link https://etherdelta.com/. There is no difference at all in the two exchanges, the images, features and others are exactly the same, so please be careful. Secure your private key, secure your wallet, do not easily believe things that invite you to get rich instantly, do not easily trust advertisements, because crime is not just at one door, who knows there are many other fake exchanges, therefore be careful. This points to the fact that the crypto world is full of sharks and wolves who would go at any length to scam or defraud people of their hard earned money. It also goes to point that if this continues, these kind of events will continue to give the crypto atmosphere a bad name - talk of giving a dog a bad name and hanging it.- We must be our brothers keeper and ensure stuffs like this don't go unexposed. |
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Yes. For the countries and techs that so afar and bought early into the concept especially while they could buy much with little, there is so much to be benefited from engaging in the asset business and portfolio. Countries like China, South Korea and Japan where the cost of mining is relatively lower stand a far better chance of gaining financially when they mine the coins.
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I don't think so. On the contrary, there is going to be a stabilisation and firming of the fiat currency business and transactions, in order to keep their customers and clients coming. No one is just going to fold their arms and see their family and age long business, source of livelihood go down the drain without giving a formidable fight, so this is going to make the wiping of banks a long time future occurrence.
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If you sold all that's your choice and may have a deeper reason than that. I am sure, very positive that the markets will rally and will bring a turn around in the bitcoin prices and will make the pessimists turn red in envy and make the crypto enthusiasts a lot more happier and encouraged.
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The idea of causing people to panic or create an FUD only is possible in the hearts of the feeble, the uninformed and the ignorant of the history and pattern in which the bitcoin markets and challenges have been will show that there is more to be expected from the bitcoin markets and the trend! Keep calm and watch the markets restore!
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Certainly, Bitcoin is an investment and an asset that anybody who wants to have a part of the future and as such investing at this very time - now that the market is in the reds, is the right time to invest and keep your coins . all the best to those who love and do crypto!
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This certainly is a welcoming news and a leverage for the crypto innovation and financial revolution. I am happy that auto companies like Rolls Royce and BMW and some other South Korean auto companies have started accepting the bitcoin currency as a means of payment for their products and services. It is good to hear that you carried out a successful transaction with them. Congrats mate!
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Well you have 'some' proofs as that is how you think it is however, I will take you on the issue of the Ponzi scheme. A ponzi scheme is a triangular or pyramidal flow from the TOP to the BOTTOM (and not the way you pointed it) It must be also understood that the idea of ponzi is to take from one person and pay the peple upward. this is NOT the case with bitcoin as no one has asked me to pay so that they can pay the people before me and also asking those underneath me to pay money before I can be paid. Bitcoin started over 9years ago and I am not aware of a ponzi that has last that long not even the dot.com bubble. so btc is Not a scam!
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This is not the end. Its another phase and a testimony to the fact that the bitcoin and crypto is here to stay. Nothing can stop it from happening in the way we have anticipated it to happen. It will soon be right and all will smile again. Go bitcoin!
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I wish I had gotten in at the earliest and bought some quantity that was appreciable. Or I could have mined much earlier and made some investments, acquired some assets and made some good cash. It is the past now, however,, I understand that the future is what we must begin to look into in order to move forward and not miss the next train! lol!
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The question I would want to ask in the midst of all this is: Was the Mt.Gox a hoax or a deliberately manipulated system and exercise to wreak havoc in the market. If the Mt. Gox situation was fully analysed, will there be laxity on the side of the managers and procurators of the assets in Mt Gox?
Well, for me hodling is not an option but a choice that will protect my assets and paper wallet or nano wallets are very good.
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Bitcoin certainly will bounce back in prices and do well technologically.At the moment the present predicament of the coin is such that it is internally shedding off the excess and unwanted weights, it is going through the fire of reliabilty and will come out later as the Unicorn! There is very great potential in the bitcoin and all are advised to begin to take it seriously!
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At the moment, no it is not. There is a serious work to be done technologically and in other areas like security and regulations that should harmonise and bring to conformity all the crypto dealing platforms so as to increase trust and strengthen beliefs and argument for the bitcoin and crypto in general. For now the banking system is relatively safer than the bitcoin.
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If you bought at $3k and sold at $17k then you made profits indeed as you said. Why will it now be difficult to believe that a turn around in the prices of bitcoin will not happen whether immediately or remotely. Those who have a working history of the bitcoin market story will always tell you to relax and wait to see the miracle that is set to happen very soon. And sure it does as it will soon do.
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Its good that the giant tech Huobi is already bringing vital skills about the novel yet fast developing and intriguing platform of cryptocurrency. I am positive that in the light of the breakthroughs and advances that will be achieved, other giant companies and tech may follow suit and greater grounds could be covered within a short time.
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