Latest posts of: Charles Avilaa

The importance of any cryptocurrency comes from its usages, and the markets which accept it. We can watch now hundreds of cryptocurrencies, but I don't see any importance in most of them, they have been created just for trading, while there are about ten coins only can be used for useful things .

As far as I know, Bitcoin fees is more expensive as long Bitcoin's price is getting higher but its still far lower than banks fee when Bitcoin's price below $10k. Ethereum is more lower fee than bitcoin because as i know Etehreum's price is more lower than Bitcoin.

Satoshi Nakamoto is believed to be a Japanese-born man in his 40s, but the thing is, no one really knows for sure. Whether Nakamoto is a man, woman, or group of individuals is unknown as well, because the mysterious creator has somehow remained anonymous — despite the rising popularity of the cryptocurrencies that Nakamoto helped create.

I think Altcoin is a big market, but if you want to buy Altcoin, you have to buy Bitcoin and then use the Bitcoin to buy Altcoin, it's hard to find a place to buy altcoin directly and as long as the system has to buy altcoin using bitcoin, it would be very unlikely Altcoin will have a price greater than Bitcoin.

Some exchange sites, could be not so great to store your coins there, that why it would be better to store them on wallets, which you can keep on your computer. Bittrex is good exchanger and have a great and clear history, so you can also keep some coins there.

Bitcoin has been steadily losing market cap dominance. When it comes to exchange dominance it has the same. This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

The digital currency needs to be regulated, but it also needs to be done carefully, so as not to harm its basic principles. That is a very difficult question. On the one hand, we see that the Crypto currency is not yet perfect, it has many drawbacks, on the other hand, its regulation can lead to the fact that the advantages it gives us will disappear.
In my opinion, it is necessary to preserve its decentralization and at least relative anonymity. While there is a big problem with the volatility of the crypto currency. If it is maintained, the crypto currency can only be used along with centralized money. So I think the rules of circulation of crypto currency in the society, can and should be subjects to be regulated.

Ethereum, NEO, and EOS I suggest you choose one of those altcoins, I think the three altcoins have a huge potential in the future so I think a very good idea to buy and make an investment because it potentially gives you big profits in the future.

Bitcoin is a currency used for purchasing goods and services, as well as storing value (much like how we currently use gold), it is a new currency created to compete against the gold standard and fiat currencies. But Ethereum is a token used for making Apps (decentralized apps) on the Ethereum blockchain, it's a token capable of facilitating Smart Contracts (For example: a lawyer’s contract, an exchange of ownership of property, and voting).

Bitcoin is still the largest cryptocurrency currency in the cryptocurrency market, with the longest life expectancy and undisputed reputation. Bitcoin, however, is slowly losing steam in the race for new generation currency algorithms.
Moreover, bitcoin hacking is increasing.
At the same time, the control of the governments of countries in the world increasingly tight.
These are the reasons why bitcoin is going through a difficult period.

If all country banned Bitcoin, that would be a catastrophe for the global economy. The Bitcoin market cap now is more than 100 billion USD, not a small number. So when the ban laws take effect, meaning that Bitcoin is no longer allowed, that amount of money will disappear. Such a huge loss!

No, Bitcoin won't die that easy. Rather, I'm of the opinion that it's good for Bitcoin. The government will enact laws preventing such unfair actions like manipulation. The price will become less volatile and investors' belief will be fuled.

You're absolutely right. People who really care about you just give you constructive advice, not guide when you're sane enough to make decision. And when the outcome is like they predicted, not like you expected, constructive people never say "I told you so" but console you.

I'm of the opinion that not only Bitcoin but cryptocurrency markets are prone to manipulation. Obviously, massive price swings make it possible to steer valuations. Moreover, a lack of strong regulations on crypto exchanges is favorable for fraudster to commit frauds. So investors and governments should be on the look out for Bitcoin and other coins price manipulation.

In fact, not any citizens know much about how financial system works but they've still been a part of that. Their national currency has been widely used no matter how little their knowledge about it is. It was not until I learned the lesson about currency at my university that I understood how money is made through bank system, but fiat money is what I hold eveyday. So I come to conclude that it's the government regulation and control that get paper money effectively circulated. For that reason, I firmly believe that Bitcoin will grow nowhere near hard to understand once the state undertakes digital currency system.