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It's a common sense that high risk yields hi rewards. It's just that, money revolves around the world and that investing in cryptocurrency is a risky move. Some say it's a scam but only those who believed are going to profit bigtime just like last year.
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What you said is actually true. When it comes to investing, you should have the guts and will to lose all your investment in one night because this is cryptocurrency, anything could happen. It's also a good thing that Bitcoin is the most invested coin you have because it will have a great future for sure.
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I think it's a bad idea to leave Bitcoin now because the adoption is already taking place. In 5 years, I think Bitcoin would be at least minimum $50,000 in price. Just look at the market history, you can see how Bitcoin just slowly takes it's price from $0 to current price now.
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Bitcoin is not the future but it will surely be a way for the real technology and innovation to prosper. I believe that Bitcoin is just another stepping stone for huge thing to come. You risk all your properties for Bitcoin but it sure does pay off. Let's say you got lucky but that's too risky.
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I do believe that Bitcoin is the number one cryptocurrency in the whole crypto space. But let's not be subjective here. There are also good altcoins that you call "Shitcoin" which actually has uses. Not to mention that some altcoins solve some of Bitcoin's problem which has been around for a long time.
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I think it's the start of Bull run again. We would be able to see some prices jump in some of promising cryptocurrency and of course Bitcoin. If I were you, I'd accumulate as much Bitcoin as possible to get a lot of profit this December. Just keep Holding.
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I think as of now, we are still fine. August is when Bitcoin pump for a little bit and dump again. September is when the start of Bull run and December is the peak. Cryptocurrency is predictable at this point. We just have to be patient and see ourselves through this bad market.
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Hacking won't be possible because of the way Bitcoin is built in the blockchain. Miners would be able to spot on fakes transactions no matter how hard they try. This is why I love the blockchain, no one will be able to control it no matter what they do.
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In 2 years? I would say Bitcoin, Monero, Ethereum, or maybe TRON. This coins does have potential because it is being adopted by the many and that it is kind of popular now. Once Bitcoin's price increase in the next couple of months, the other coin's price would also increase.
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I do not see Satoshi Nakamoto's identity being revealed ever because he/she/it really did a good job hiding it to the public. I don't think that this Satoshi Nakamoto is a person. I think it is an organization or a group of programmers who tries to fight the decentralized way of the banks which lead them to create Bitcoin.
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The only challenge I see is the reputation we had built since last year. It has been bad ever since that fall from $20,000 to $5,500. But at least Bitcoin has bounce back at least a little bit even though we've suffered hard lost. We can expect bull run this September. Let's just hope.
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The only thing that frustrate me most is the amount of fee I have to pay for a transaction. Like for example. Large exchanges charge so much fee that we can't withdraw a small amount. Next is when I am buying things online. Fee eats most of my money for buying things which is frustrating.
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Well, it's a good news indeed but the question is, when will this take effect? The current market is bleeding at the moment and that it needs some light to guide those lost sheep. It's a great news but what if it doesn't work in the coming months? Oh well, let's just hope it does.
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That's not the real reason. That's a bias news as usual. Cryptocurreny is a currency but encrypted. I think the real reason why Bitcoin is down this week is because the people are just following the trend. Also, Most Chinese are withdrawing money during this times.
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To be honest, I think it's like 8 out of 10 ICOs who are scam and they never list the coin in an exchange. It's just that, ICO has become a thing in the cryptocurrency space. Investors would invest in that piece of nothing (Specially those newbies) and this scam ICOs would just bail out. It's sad but it's the truth.
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I think 8k is just the beginning. A lot things are still going to happen in the near future specially when that Bitcoin ETF approval happened. I think more money from the outside is going to be put into cryptocurrency which will drive the price high.
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This is probably your best bet this year. The price today is at its lowest and you should probably invest now. It's good thing that you read first before you invest because that's what most of the people's mistake. Study the market history year by year and you'll see why it's a good time to invest now.
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