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A bubble is when people buy something with the single purpose of selling it tomorrow, at higher price.
Some people buy Bitcoin due to its functionalities, some people buy it only for profit. That said, Bitcoin could be in a bubble, but only partially.
On the other hand, by the same criteria, we can say that 99% of altcoins are in a bubble.
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I don't know what made you buy these cryptos, but you certainly did not look at the fundamentals of it. If you don't know the market, but really want to invest, you should at least hire a good advisor.
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Why Should I Choose Bitcoin ??
It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :
1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !
I guess points 1 and 2 are not valid right now, censorship resistant transactions are coming at the cost of really high fees. However, it is the worst time to panic. Right now, only 5% of users are using SegWit, when that number increases, transaction fees will decrease drastically. Even if that's not enough, I'm quite sure that we will have Lightning Network in less than 1 year. |
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Because it has the same store of value properties that gold has, like limited supply and the fact that anyone can mine it. Not only this, but it also has properties that gold doesn't have, like the capability to be sent over the internet, and easily stored, in a safe manner, if you take simple precautions.
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I guess the support is at around 5000 dollars, but everything is possible.
I personally think it is very unlikely that Bitcoin would go so low. I think at this point the market is not only made up of users driven by FOMO and looking for quick profit, there is a lot of institutional money coming in, and this should be included in the equation.
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What do you think will happen to the world without leaders like the President, Prime Ministers, King, Queen,etc.? I mean if we accused our leaders of being corrupt, oppressive and all other things, if they are not in the position, what will happen?
In the political scope, it is proven that politicians bring more harm than good to the economy. When it comes to the technology sector, there are only a few things in the world that work best if there is a decentralized mechanism behind it, and, luckily for us, Bitcoin is one of them. Most other technologies and businesses around the world probably would not have had the development they have today if there was no centralized management driving it. |
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Don't be deluded by these easy paths that you hear people talking about.
If you want to make real money on a daily basis, either you become a professional trader, or you create a good service that accepts Bitcoin.
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Cardano, Salt, Kin, Regalcoin... What is all this? These coins were not even there in the last week.
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Can you guys think of what the next FAD will be after 99% of these ICOs have suckered people out of their bitcoin? What is the next moneymaker for scammers?
That's also what I think is the biggest problem. But no matter how much you warn these newbies, some people will only learn through experience. |
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If we can make people understand the benefits of Bitcoin, and if we explain how all fiat currencies are very likely to fall in price in the long run, I have no doubt that we would be helping to increase the Bitcoin userbase.
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Controlling prices artificially is not a good idea, governments have been trying to do this for centuries, with terrible results. But if you mean helping the price to grow organically, the best way is to promote the benefits of Bitcoin to others, and if you're a high skilled developer, you could create features and apps for the Bitcoin ecosystem.
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Maybe in the short term, but in the long run I think this can go much lower. I'm still surprised that it has achieved such a high market capitalization, given all scalability problems.
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In addition to what has already been said, I think a good use case for Bitcoin is as an alternative for people who do not want to use gold or silver to store value, since there is a higher cost of storage and safety for such assets, besides logistics costs.
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It has not been a long time since you posted this, and Bitcoin is already worth more than $ 2,700. With Bitcoin, you simply have to be patient. And if you're worrying too much, it's certainly because you invested more than you should.
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Whether the reason for this is spam or not we urgently need a solution. People against segwit should point to something better, if a better solution exists.
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I am currently using blockchain.info, but according to some comments this wallet is not as good as I thought. I'm thinking of using electrum or another desktop wallet. Has anyone had experience with armory wallet?
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As a means of storing value, Bitcoin has already overcome PayPal a long time ago. But as something to buy things, I think the road is long ahead...
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Doesn't make sense....  Considering the fact that years ago the market was in a much worse situation, and yet the price was much higher, in fact it does not make much sense. Yeah, there was not that hard fork drama, but I think people are overdoing it. Correct me if I'm wrong, but I don't see much support for such a thing happening. |
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I think the approval would attract people who still do not see Bitcoin as a currency. But yeah, this would be just another kind of service that would be part of the ecosystem. Bitcoin will continue to play its role without that happening, and there is a great possibility that this will be available in the future.
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