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I really really love crypto but I think it is not a good thing that the price of BTC determines what the entire market does. I feel like there should be something done that makes the crypto market more decentralized where the price of BTC doesn't swing the market up and down there should be some sort of better system put in place otherwise we are just creating a system that is just the same as the current fiat system we have where the most "trusted/valuable" asset determines the entire market.
Just some thoughts, what do yall think??
Yes, this is not good for crypto investors. It defeats the purpose of diversification as all coin prices are affected by bitcoin prices. |
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i was thinking to sell my bitcoins and buy ethereum what do you thinkl guys
This is a good decision in my opinion. ETH can give better returns than bitcoins if you can wait for 3-4 years. |
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This coin will drop very fast after 31 may 2018, so if you are in profit sell. It is not good for long term investment.
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Education is much more important especially the basic education. It will help you to survive even in bad situation when bitcoins disappear.
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No, it is not late to invest in bitcoins as price will increase in future also. Just be patient after investing and you will make good money.
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If it is possible, they should make the transfers instant. This will ensure that people start using it as a currency.
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These scam offers on the name of bitcoins affect the trust of people on genuine coins. You should ignore this scam offers.
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Something with 21 million units cannot be antique. However, after all coins are mined, it should grow very fast as supply will be reduced.
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You should look the team behind it. Also, if the campaign is being managed by some new member, it is a red flag.
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One should invest in botch bitcoins and some good alt coins. Diversification results in more safety for the investors.
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This thread is based on price drop in 2017 and people are replying with respect to current situation. I will report that this thread should be locked.
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Economic condition in developing countries is really bad, most of these countries are surviving on loans from world bank.
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In order to make money with small investment, you will have to wait longer. Another challenge is that you might not be able to invest in big coins which are very costly.
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One should not believe in bitcoins blindly. Remain updated with the latest news and happenings related to bitcoins and act accordingly.
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Why not invest in both which will diversify your investments ? Even if one of it fails to give good return, other one will compensate for it.
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Your assumptions are based on only possibilities and there is little base to it. If the mining become harder, prices will also increase which will compensate it.
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Yes, the telegram project is expected to become a huge success and thus I will be investing in it. It already got a good user base and that is free promotion for their project.
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Why will other countries follow this suit? Reality is majority of developing countries do not have the required infrastructure even if they want to follow this.
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It is nice to see the increasing acceptance of bitcoins. But this is the case only in developed countries, in developing countries you will find less than 1% using bitcoins.
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This is because the government has the authority to take legal actions if you are investing in bitcoins even after ban. No one would like to go to jail for his bitcoin investment.
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