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The first step in understanding the variance between crypto currency and fiat currency is how much value it has been given by the ones who use it. Governments have set a certain value to their currency so that a buying and selling relation is established, leading to that fiat being used and always running. Fiat currencies are backed by the governments and stated as the legal method of payment. Meanwhile, crypto currency has no authority that sets its value to a particular amount or in a particular way. It can fluctuate and change according to the people who use it. It is decentralized and many governments have banned its use in their countries. Crypto currencies’s worth does not reduce as it has a fixed supply. Cryptocurrencies have different values according to their services and these values are somehow dependent upon the medium of crypto exchange.
Crypto currency markets are still very new for many people and some even do not know of its existence. Its newness makes it volatile to fluctuate in prices. The difference in price value of exchanges is very low. The difference of buying and selling is lower with foreign currency trades but it is high with cryptocurrency trade. Cryptocurrency has a market that is thin and in continuous flux.
Every day new users are coming on board with the aim of becoming a success though crypto currency. Crypto currency does work like a commodity, the value increases if the demand is high and the supply is limited and vice versa. Good reviews will increase the price while positive reviews will decrease the price. This leads us to conclude that the outside world and feedback from people does effect crypto currency’s value.
Other factors that have a huge effect on the price include the level of token utility, which refers to how useful the token is; and the underlying blockchain platform in solving a real-world problem. Mining influences the price as well. If mining is taking place under difficult circumstances then the supply will be low and the demand high, causing the price to increase.
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As long as these extravagant brand were dealing online transactions then crypto payment, may it be through bitcoin or other altcoins is possible. As long as that brand is legit and really do accept crypto as payment then they can do transactions. It will be better if these brands also support crypto to really appreciate the transactions they will be doing.
after getting positive comments, my predictions regarding cryptocurrencies grasping some sense .. if we together take some steps concerning crypto will definitely reach heights of inventions ... |
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Cryptocurrencies are just considered as 'digital gold' because of its relatively higher price, especially Bitcoin. Aside from that, it isn't really supposed to be considered a luxury asset, but rather still a mode of payment that may be applied on a wide scale of purchases. It's just that Bitcoin couldn't scale, and with it being deflationary (which makes it increase in price over time), makes it a good contender in handling macrotransactions, and that includes luxurious products. If Bitcoin could scale, then it wouldn't be seen only as digital gold since more people could actually use it, whether it is priced low or high.
yes people are using their cryptocurrencies as digital gold as for future perspective asset. but once awareness regarding payments introduce globally, it will work according to my predictions. and its nice to hear that you think the same way like i believed in. |
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What should be suggested as per future perspective, is this innovation is worth making payments digital as an option?
I have doubts of using crypto as payment still. Not only for luxury stuffs but almost every stuffs in this world. With the high price volatility, it leads someone to speculate on the currency they are holding, they won't easily spend their coin for something. In the other hand, we need to increase the use of cryptocurrency in daily basis cause the more spending, will result the more demands on the market which could also increase the price. In this case, probably, stablecoin could be a good option to do this thing but most of them like not really decentralized IMO so nothing's really perfect as payment option at the moment. In this new era of technology, we now own assets in the form of cryptocurrency so our next step should be to make it more worthy for ingenuity payment progression. We are the ones to take initiative. |
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I am not sure if it will help out the luxury part of the question because spending a lot of bitcoin on stuff that are super expensive could still take some time to get common, it probably already has happened few times but I doubt it has happened too many times so far.
It means the regular stuff (like going to a cafe and paying there with bitcoin) will be simpler to adopt for now, I know it is not fast enough and quick enough just yet but overtime it will get to an instant level in the future with technology getting faster as well, I even think that lightning network will make sure of that in 2020 so adoption at the cheap stuff will get more famous. However stuff like luxury cars will still take a long way before it happens (except maybe tesla because elon is a weird dude).
absolutely correct idea.. if to adopt cryptocurrency this way then its better to take a start from the bottom .. as with the flow of stream, cryptocurrency will sooner fly high touching the price sky, then to move towards expensive stuff buying policy ... |
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Anyone can mark immense wages from spending much in cryptocurrency in 2020. But financing at the accurate phase involves windfall.
While comparatively innovative practice of payment, cryptocurrency has received diverse responses from managements, organizations, and authorities. The luxury industry as a whole has been at the leading phase, addressing the digital gold as the succeeding paramount gadget.
Buying luxury item is now becoming new digital approach leading the worth of cryptocurrencies. Commencing ordering luxury cars to paying for utilities and everyday products, acceptance of cryptocurrencies as an authentic payment choice and has merged the backend technology to be able to run, track and screen the currency.
What should be suggested as per future perspective, is this innovation is worth making payments digital as an option?
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For those that have been around in the Cryptocurrency market for a pretty long time the question to invest in IEOs or ICOs has been the main discussion point in 2019. For some especially on “bitcointalk” it is clear that they won't invest in IEO anymore. After I have followed lots of discussion on bitcointalk i realized that people have moved on. It is a clear that people invest in IEOs as the platforms will evaluate the projects and give the investor the feeling of security. Nevertheless i have observed a trend. The numbers in the ICO market have been declining but stayed fairly stable in 2019. The main reason for moving on to IEOs was the astonishing amount of scams that had flooded the market, since it was easy to make a lot of money. This move to IEOs has something good. I believe that as harder it gets to hold an ICO as more the projects have to do to convince potential investors. Scammers want easy money and my hope is that the ICO market will come back slowly. Projects that will hold an ICO have to invest more time to convince people. I sadly had to accept that those who scammed investors destroyed the dream of projects with little money that have great ideas. To hold an ICO and build a community of investors around it is a great way to fund your project without going to big VC firms. Unfortunately those you scammed investors destroyed the ICO market till now and it will take a lot of time to recover. I have accepted that IEOs are currently the way to fund a project. The only thing that worries me is the power we give those exchanges. Is it really god idea to give that much power to exchanges in the cryptomarket. Please let me know your thoughts. I am looking forward to good feedback & discussions. To stay tuned for more just follow me;) https://medium.com/@marianmertesAs a beginner and after great research what I suggest is to go for IEO. The reason is that in ICO scam is becoming common now. And in IEO exchange give promising responsibility of fund raising and security process. Investors always look for better path, they will never risk their investments so IEO is rising so high in todays era. |
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FXStreet & Express.co.uk Ripple Price Prediction These websites give a moderate prediction saying that XRP has potential and may reach $3-$5 by the end of 2020. This is an assumption based on the fact that Ripple is best Investment opportunity of 2020. https://coinpedia.org/information/xrp-ripple-price-prediction-2019/Let me know your point of view on this? Ripple is 3rd largest coin. Right now it stands after bitcoin and ethereum. Cryptocurrencies are volatile and u never know what will happen in next minute. Ripple is best option to invest in. |
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I sometimes listen to famous crypto youtubers.
But for the most of time, they were not accurate.
Really... How much should i trust them? If there is a good one, please recommend one.
Btw, how many of you guys participating in airdrop event?
Most of airdrop cryptos that i earned kinda become worthless.
I am trying to earn BPX token at Digifinex. I heard that BPX token is issued by an exchange
Then, I guess it is better to earn exchange token, which at least can be used. Right?
yes sometimes these people are so helpful as they seems great researchers but some people are just for fun making. Information what we get from them tells about their research skills. and always remember before going into any business. its better to study and workout properly by your ownself. |
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if I've created account/wallet on coinbase or any other exchange then my account is hacked and my coins/money lost who are responsible for it The Exchange where I've created account  is it my mistake what's you thought about it and how i make my account safe Hacking and cracking of data happens almost on daily basis. This normally disturb thousands of users and involves great loss. And all depends on both ends, user and exchange ends. We should not blame others by layering up ourselves mistakes until and unless guarantee comes on others errors. So its better to verify all the possible ways from which end actually fault occurred. |
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Individuals are still practicing old traditional ways of transactions to accomplish the money stream. However, Cryptocurrency Era has arrived and people aren’t aware of it. If we see this era with future perspective, different industries and businesses will switch towards cryptocurrencies to pay for their services. With this, the middleman will be completely removed from many progressions. This progress will cut down costs and will offer cheaper services for the end user.
Cryptocurrencies will influence the future, as the protocols are getting tighter. Countries like the United States, United Kingdom and Australia have accepted cryptocurrencies. Many countries will be accepting cryptocurrencies in the near future. IoT is already here.
Crypto world will emerge into the ultimate trading option as more cryptocurrencies will be introduced. The trading will take place between all these different currencies once the prices of crypto increase. One of the most demanded features is the fast transactions, which will take place with the advancement of technology, with this downloading and transfer will happen within seconds. Games, books, videos and music will be combined in a blockchain and sent through crypto wallets, with the high speed feature. The most influential crypto coins are here to stay but it won’t halt the birth of other crypto coins, it will increase with time.
Cryptocurrency schemes are on a growing phase. On predicting cryptocurrencies future, features like the grand crypto bull market will continue. As with fast-track, every day it effect extensive implementations.
As soon as they are broadly approved, will become the next version of the technology in all regions. Crypto will easily be converted into currencies and vice versa. Cryptocurrency Development Services have emerged in recent times for the betterment of investors who would like to create a foundation.
According to some sources, cryptocurrencies will fall down while experiencing fluctuations, which is making the traders and the holders worry. But as per the market experts, this is just a matter of time.
Bitcoin is still very much used and adopted all around the world to this day. It has been accepted by organizations and payment gateways all across the world. So what about Altcoins? Are they worthy to buy in future? To predict the future is very hard. In the cryptocurrency world, prices are very volatile. Dealing with the issues of transparency and scalability problem, might effect cryptocurrencies in the future.
Being so authentic, businesses are all about risk and achievement. Before investing in Cryptocurrencies, we have to be rationally prepared about every loss and gain. Without any doubts, this world is touching the sky of high tech and everything will be digital very soon. I personally more in financing on cryptocurrencies. |
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Will you choose to invest in bitcoin now that its at 8k or still continue investing in altcoin since many big altcoins have already lose up to 30% value again, well i decide to invest in bitcoin if further value loss takes place and i keep buying bnb token and ETH too, good idea or bad idea??
Same here, will continue buying cryptocurrencies because I can see way rise in crypto market. No matter how loss we faced in past and now. New projects will take birth as era is moving towards digital expertise. As we are all well aware that businesses are all about risk and gain. |
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No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do you fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart
Smart people move along with smart mind. Business minded people prepare themselves for every ups and downs. So they know better what to dig, where to dig and how to dig |
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 Happy new year. yeah ok .. still we can have all the features to use on Mobile Phone .. You want to convey that we can easily use bitcoin talk forum any time any where? |
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If we see this era with future perspective, different industries and businesses will twitch towards Cryptocurrencies to pay for their services. As cryptocurrencies are touching the sky with no boundaries. Most of the public are still practicing old traditional ways of transactions to accomplish the money stream. However, Cryptocurrencies era has arrived and people aren’t aware of it.
So With this, the middleman will be completely removed from many progressions. And this progress will cut down costs and will offer cheaper services for the end user. The main reason behind is to introduce Mobile Apps for better and promising trading experience.
Presence of IoT and then tying up with new services anticipates extraordinary expression of technology.
In addition to the fast trading, the App Service binds up extensive series of complex trading utensils in one basic, user-friendly interface. Moreover, in the near future, the existence of more cryptocurrencies will be announced.
ProperSix Exchanges is one of the best and the most advanced crypto exchanges in the upcoming exchange world. ProperSix have successfully completed its IEO and have raised a lot of revenue with more than 2k users in only 3 months and still rising so high. PRO6 token is its proprietary token. So the squad of ProperSix introduced trading Mobile App options that are designed to familiarize individuals to the crypto options. Currently Android and IOS devices supports trading Mobile Apps.
The developers have faith in settling of ProperSix Mobile App apart from all the other trading apps out there in reference of healthy financial scheme that helps beginner and merchandize traders to get easily familiar with vastly multifaceted trading tools.
The inventors of ProperSix App are so delighted to extend somewhat to the market that they have self-assurance in offering appealing, fast and better way to place small, quick orders for merchandize users in real options with very short expiration times.
The squad initially published the app by the end of this month (January 2020), and will quickly gained popularity as it will soon successfully verify in Europe and Asia.
App will take a start with BTC, ETH, LTC, USDT, TRX, PRO6. ProperSix exchange will also support fiat trading and allow the users to purchase crypto with fait as well and with the passage of time the emergence of new crypto will arise.
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Popular cryptocurrency exchange and brokerage service Coinbase may soon remove support for decentralized applications for its Apple users. The firm cited the App Store policy as the reasoning behind the decision.
According to a post on Reddit, Coinbase Wallet users were recently greeted with a message about the potential change. In response to the post, Coinbase’s CEO Brian Armstrong commented that it looks like Apple is attempting to eliminate decentralized applications from its App Store.Click here to read the full newsI just know how it feels, especially on what is happening recently to Coinbase....Looks like Apple isn't ready yet to embrace decentralization, blockchain and cryptocurrency as Coinbase was forced to remove it's app. I am pretty sure that if Apple doesn't embrace decentralization in open arms, they would be left behind like Nokia, Motorola and Blackberry later on. I'm just pretty sure that Steve Jobs from heaven won't approve Apple's recent decision to remove decentralized apps like Coinbase. They would regret later on like Wikipedia did years ago by removing Bitcoin from their pages. In the end, they embraced it and started to accept Bitcoin donations. One day, Apple would realize that they need to shift into decentralization later on if they want to keep up with the trend. Not just fancy phones. Stepping into technology at any time means never approaching late to hop in. With future perspective this Coinbase technology will grow more with the flow. As soon awareness increase intensification, businesses will move towards the services. And success key tactics is to wait for the right time to arise. |
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