Can world Government Kill Crypto? No. definitely not. The government can complicate the existence of cryptocurrency, reduce the price of bitcoin, wipe it into powder. But it will not work, it will be replaced by another cryptocurrency, again and again. The only way to kill the crypto is to criminalize its use. Everywhere, all over the world. But it's impossible
The true nature of cryptocurrency only exists when that cryptocurrency has mining and "no founders". Why do I say "no founders"? Bitcoin became the 1st cryptocurrency not only because its value is higher than other cryptocurrency or the first cryptocurrency succeeded. Founders can still affect the future of cryptocurrency as long as founders still alive. Satoshi gave up Bitcoin because he want to make Bitcoin really freedom. Therefore, other type cryptocurrency like ICO token, no mining coin are the digital asset, these type coins can't call as cryptocurrency. |
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Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
Yes, you are right, no one can predict bitcoin exactly, because bitcoin depends on mass adoption. Bitcoin can rise high and fall at any time, and it is a risk of all bitcoin holders. Really? The value of Bitcoin controlled by the rich. CME, future trading are the tools to help the rich (or we usually call them are the whale) to manage the price of Bitcoin and cryptocurrency. Future trading proved it's a great tool to manage this market. Because Wall Street and other large forces are easily accessible and investing, control the value of Bitcoin. They know Bitcoin is the subject for the investor follow the trend on the market. Therefore, instead of spend much money to dump all cryptocurrency, they only need to dump the Bitcoin value. |
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I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.  There are times that it is hard to buy some Bitcoin because those people who have Bitcoins don't want to sell because the price is too low. It is better to hold that to sell Bitcoin in low price. You are telling is the one side story but the real problem is that they have restricted to sell to unknown users due to lot of users without id verification open the account and unnecessary they go for buying from users and wanted to scam them by saying they have paid and give you fake payment slip. That is why the bitcoin sellers in localbitcoin are asking your id cards so that they can get saved by this unwanted problems. Even the users who buy bitcoin can also use illegal accounts which got hacked. So to avoid this all problems the seller ask the id proof from the buyer so that he can be safe in future for any problem. How to the government, exchange services know whom buy/sell Bitcoin? Only KYC can solve this problem, therefore, I don't surprise if everywhere, when I want to sell Bitcoin, I must have to verify KYC if I want to increase my limit. Even, some exchange services must user verify KYC before use their services, example Poloniex exchange. |
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It's a completely new era of money, and I can even call it an encryption revolution.
It's a new trend, it's a good place to get the sun. There is a need in society for differentiating from the current system. The cryptocurrency was born. This process can no longer be stopped, and the cryptocurrency will stand and occupy its place in the world economy.
Although I don't know Bitcoin can becomes the future currency for the world or not, but I believe at least the existence of cryptocurrency made the world need to change the platform and nature of many system, included the government. Blockchain technology and cryptocurrency opened new concept about new world without third person to manage the world. All people on the world have same permission to change the world. A world where equality always prevails. |
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Many countries are already initiating blockchain use in many sectors, even countries banning or threatening to ban Bitcoin.
After 8-10 years, i think this technology will be vastly used in the world.
Of course, the ability of blockchain technology proved on worldwide. Almost the developers are excited this technology. Many companies want to use this technology as soon as possible. Especially large companies like Microsoft, Google, Facebook, etc. all wanting to use this technology to improve the capacity to store and security data. You knew they have huge users on worldwide, if they use blockchain to apply in their system, no one can hacking their system. |
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In theory, everyone agrees that we must master emotions and make rational and logical decisions.
Unfortunately, in the moment of the action, the emotions take the upper hand, and... bye bye logic!
That's the reason you have to practice more and try to face the FUD, loss anytime. You don't have enough brave to face a huge loss if you didn't prepare which thing you should to do in that time. Example me, every day, I tried to imagine the situation I lose all money, then I continue to imagine how I continue to keep my life with this situation. As long as I can still alive, I can continue to working and recover that amount. |
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I think the main thing is the rates, If you are watching the benefits ratio then you can easily make decision, I think the profit ratio is depending upon the market condition if you trade altcoin may be you bear loss in the same way in bitcoin, So the main thing is to understand the market and pull and bull of altcoins,
I think for me it depends on what you consider profitable and what your goal is. If you just want to increase your dollar value you should be good sticking with a hold bitcoin strategy. However if you want to earn more bitcoin you should start trading altcoins. And that doesn't necessarily implies day trading, you can also accumulate an undervalued coin and sell it for a big profit later down the road. Altcoin is an optional to earn more profits from the cryptocurrency market. But according to my experience, trading altcoin do not easy like your thought. Trading Bitcoin, you only need to follow the rate Bitcoin/USD. But trading Altcoin, you always need to follow the rate Bitcoin/USD + the rate Bitcoin/Altcoin. Therefore, there're many traders forgot the Bitcoin rates and trading in bearish trend. And the result for those people are lose money. |
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Most ICOs are garbage, especially those created by newbies. They don't have reputations, and I am sure they have more senior accounts here. Using newbie means they just want to take money and leave
What newbies do you mean? you mean a BTT account. I think we should focus more studying the white paper and the real team behind the project, newbies are too risky so we should not trust our money with them, but since ICO is popular, there are reputable people who believes the potential of crypto and they use it for their business. One example is the Current (CNRC) ICO, Mark Cuban the owner of NBA Dallas Mavericks is involve in the project that is why it was successful. Yeah it is good to know who are behind the project because if we really know that they credible enough to manage project, you are putting your money in a safe hand, in order to become successful investors you learn to become more investigative know first who are the man behind the team and the working products be it feasible? Certainly, you can't investing money into a project owned from a scammer. No one wants to cooperate with that type people. However, I suggest to sort your time and meetup with them if you really want to invest a lot of money in ICO projects. Because the information on internet or webcam all can fake easy. In my country, my ICO groups usually meetup with devs to experience about the future of project and roadmap. Most of the projects I invested have profit, example CyberMiles, Credits recently. |
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It depends on what you want and how you feel about your investments and the money you put in it really. If you want a relatively safe bet, (if that even exists in investing) then you are better off sticking with gold as the prices are much more stable although it does offer a lower ROI than bitcoin would but if you can stomach the market and hope to make a lot of money, then bitcoin is your best bet.
Gold investment can't use small amount to get good profit. As far as I know, from my brother, he said a gold trader needs to has $50,000 for good profit every month. Of course, that amount isn't useful for those who are the poor want to change life from financial markets. But Bitcoin and cryptocurrency can help them do that with small money to investment and high ROI. However, as you said, high ROI = high risk. Nothing is free, you have to paid something first before get profit. |
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It will be hard to imagine for a single currency worldwide. If ever it happens then it still the top countries like the USA, China, UK and the others that will decide the system which will surely be in their favor too.
I don't think that it will be hard because it will be so easy for the countries to have one currency to use because they just need to be united in order to do that and they need to agreed on one thing before they can use one currency and it is very possible if they will talk to each other. Using one currency might give the best thing in our world because we can be just one country overall. Best thing for the world? Hmm, do you think one country is good? Because one country means we must have one language in the future. Different language can affect the government to decide which thing is good for the country. Then, the Economic competition is also relieved because the nations have agreed to be one. Finally, it's centralized system, instead of the nature of cryptocurrency is decentralized system. Because if use one FIAT from the largest country on the world, we will world war, I'm sure that  . |
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Yes, like what other people says “investment is for brave people; you should always take the risk in order to succeed”.
Therefore in entering in an investment you always incurred the risk in all circumstances and overcome that fear in order to succeed.
You need to be wise when investing as that is your key to succeed. If you have money, take care of it, there is no guarantee you'll succeed but at least do your own research so you will be able to put your money in an investment that has a good potential to grow. And after all, even you have to take loss that investment, you still get many experiences for next investment. And this experience will help your trading journey better than the experience from others, because it like a the unforgettable experience in your life |
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or may be buy low sell high ?
Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest
how to control this ? = put orders (buy/sell) and close the platform
In trading sometimes we can not control the emotions to see the rise of coins and we decide to buy, when the price of coins down again we panicked finally sell at a low price, when in fact it makes us lose. That is happening to some that is why there are people who are dumping even if they lose. Eventually they'll matured and they will understand that no matter what happen we should stick to the basic rules which is to buy low and sell high in order to be profitable, when the market can easily be manipulated, that is the time to hold. I think most of the newbies experience this one and I think its normal to experience a mistake like that this will become a lesson and they will learn that holding and waiting patiently can work out fine and panic will only make loses. Newbies should have at least one friend who is familiar with trading than can guide them to avoid losing money. Hmm, but how to find a friend is famliar with trading? No one wants to share the experience without any benefit. The newbie must to spend some money as fees to "buy" the experience. However, the scammers can take advantage this issue to scam money of newbie easy. My friends got scammed by this method many times. And I was once a victim. |
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Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
I do not want to regret after a few years, or my grandparents, why do not my grandparents buy Bitcoin and sell it to people who have not inherited us. Although I have reached the summit point for Shan Bitcoin, I believe it will be deeper and deeper in coming years, and I translate all the extra income from the elite into bitcoin from the smallest. Do not forget to buy only sells money, hodl is rich. HODL is rich, haha. These words really look like as an ideal for the speculator. HODL is rich , these words isn't wrong when you buy Bitcoin at the bottom price in a cycle. because the Bitcoin cycle always changes when the whale want to change the Bitcoin trending. Reverse, you will lose money because you HODL at high price and sell at low price when you can't continue to keep your faith in the future of Bitcoin. |
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I can look at it from the perspective of time duration; investment can be for a life time while trading can be done within 5minutes and results are gotten almost immediately.[/b] I did rather do trading of selling of off than trading of buying which can be likened to investing in a particular set if coins.
First part is correct from my point of view while trading need not to be 5 minutes one, i have seen people trading with strategy for 4-5 months. There is mostly binary trading that happens for 5 minutes. Binary trading is gambling because some Brokers want to earn money from user will effect the volatility of cryptocurrency on the market or through their sites, they will create some problems to make the chart price show wrong data within short time, maybe few seconds is enough to kill the user. |
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The safest way to keep bitcoin are;
1.Desktop wallet.
2.Paper wallet.
3. physical coin
4. Hardware wallet
I've been using desktop wallet that is bitcoin core and everything is always safe and never found any problems, the most important thing is to make sure the computer is clean and healthy and always backup. Don't forget to have a trusted antivirus software or learn the knowledge about how to hacker access to your computer. The easiest way to keep your Bitcoin safe when you using desktop wallet is turn of internet for this computer or hardrive disk store Bitcoin. Until you need to use Bitcoin, you just need to sync new data from Bitcoin blockchain in fresh computer. |
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We cant say if bitcoin is secure because there are no regulation about it, and there are a lot of country who banned bitcoin from their regulation, so dont use bitcoin for transaction, use bitcoin for invest, and it will help you..
Bitcoin transactions are slow and quite expensive. It's more reasonable to use it for invest and use Ethereum for transactions. Yes, but you have to know the transaction fees of Bitcoin has reduced recently. I don't know exact the reason made the transaction fees of Bitcoin reduced, but I heard Lightning Network are used for testing to check the Bitcoin system can use this node or not. And the total number of Bitcoin transactions also decrease to transfer to altcoin transactions in the past time. |
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Any altcoin with real idea, product and team will be good for holding, just don't by shitcoins)
Need to be careful, now there are a lot of projects that masquerade as a good idea but are a scam But in anyway there are a lot of good and promising coins Which project have good idea are usually not the scam project, but maybe, that idea same other projects in the past. Therefore, that good idea used by other projects to develop and that scam project just repeat the idea from other to earn money. |
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Bitcoin is better than cash in many ways and I think the best part is just putting your fiat in Bitcoin for some months or years and double or triple your savings without doing anything. If you have the same cash in bank or in any other investment the same cash will be just grown 1% or 2% only.
investment in banks is verry slow , you can only earn about 1% interest per year even if you put a large amount of cash. yet majority of people are still believes in banks because banks are kinda much secured and legit in any way. bitcoin is better than cash because you can do many things on it that cash cant posibly do but cash are still the choice of most people because they already knew it and every single people in the earth knows it , while bitcoin has still lack of exposure to the public. In my country, even the interest rate of bank investment is 7-8%/year, but most of the people still choose to use money for business or buy Gold instead of saving money in bank. Depend on the banking system too much will make the world's economy become passive. Especially when you want to grow your life more, you need to working instead of saving in bank. |
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I support Ethereum and I will continue to support it in the future. Yes, it has some big problems (specially network congestion), but it has had big progress during last years and it will continue to flourish this year (I believe it will go to 5-10K in 2018).  In this year, the devs of Ethereum will upgrade the system and help the network congestion will not happen usually like recent. Of course, we need to transfer money with cheap fees too. I think they will solve the problems about the transaction in next fork. |
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Seems price backed up, current market cap is 600 billion, means market already recovered. If you couldn't buy in the dip, wait for the next crash. It always happened every few weeks, one bad news and boom billions of dollar gone within matter of hours.
Altcoin also increase the prices. It time to change process. So thing and plan to work process. It will connect the people. Altcoin is reach the bitcoin value. So it good opportunity to buy the altcoin you will buy and hold it. Wait for the some movement. It will increase the prices. Then you will sell. You will get more profit. Altcoin is now people buy and hold for the future invest. It any time to change. So you will plan to work. Actually the mission of altcoin is balance the value of Bitcoin. If we do not have altcoin, do you think the price of Bitcoin can reach $100,000 or $1 million in the last year? I think it can happens because we only have Bitcoin for investment in cryptocurrency. But the existence of altcoin helped the Bitcoin price is reasonable and does not become the bubble value. |
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