Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Despite the appearance of a revolutionary payment system which eliminates the need for a peer-to-peer transaction, banks are without a doubt paramount to the society and the economy. They have the prerogative to regulate transactions involving fiat (which is our standard currency around the world) and control inflation. Maybe once we shift into a new aspect of payment and change our currency into digital ones, then banks would slowly become obsolete. |
|
|
|
I think that 95% of crypto coins and tokens won't survive and the reason is that a crypto coin in order to survive and get value it has to be accepted as a way of payment for purchase goods or services.
Very few coins will manage to do it at the end of the day and of course these coins will get enormous value.
The only thing you have to do is to find out which coins will enter the market of real currencies.
Technically, the price of bitcoins are directly proportional with some price of altcoins. Since there are various altcoins in the marker, investors usually diversify their investments by investing into different cryptocurrencies in order to reduce the risk of losing everything in one fo. Once the prices of bitcoins decrease, this will open another opportunity for altcoins to dominate the market. That is why whenever bitcoin prices are low, people tend to pull out their investments and shift to altcoins. |
|
|
|
This market does not have the steam to break 10K
Will buy back in when things are making more sense.
Bitches are buying ETH and Bitcoin Cash
BTC dominance is going down hill
A Bear Market could be triggered if BTC goes below 9520 according to one analysts. it has already done that today: Tread carefully and use stop loss if you recently bought in!
When you sit and see BTC go down 450 USD in a day you need to ask yourself WHY? Whales didn’t do it is called market sentiment. The whales spiked it 1000 USD in 5 minutes not long ago and caused this mini rally!
You have all the prerogative and freedom to utilize your resources but always remember that you should never sell your bitcoins to a price lowered from what you acquired them. Though the prices may be determined by law of demand and supply, prices tend to be manipulated by whales. OP can I know how many bitcoins you were sold because of that fall kf $500 in the bitcoin price.And you sating that bitcoin cash and ethereum will take over bitcoin but it will never happen so don't spread lies withour any analysis.
Exactly, it will not happen that other coins could overtake bitcoin. They must show proofs at least to support their statement, a person can sell btc when in a hurry to take profit. It is case to case basis in which they can take profit on their investment. Regardless on how many coins he sold, it still does not change the fact that bitcoin would always be the reigning cryptocurrency in the future. The only factor that may decrease its price significantly is due to government or worldwide prohibitions by countries. |
|
|
|
Potential loses is part of successful trading and if you professor is trading then you should be ready to lose money. Many people did not know that for you to succeed you must taking a very serious risk and risk is a two way things and that is you either succeed or you fall. You should have this in mind first before ought for investment and if you lose all it is not your life you lose.
Well if it done then it done because we can't do anything to bring it back. When I first experienced this lose of my most money of course it was disgusting, I feel hopeless and I don't know what should I do to make up on my lose but then I'd still believe that I can do anything to make up on it and try to get what I lost. Like what I always mention, everything has to start from somewhere and failures/experiences are the best teacher as we learn from it the hard way. In the event that someone actually loses most of their resources, it has to stem back from their decisions. Always provide space for improvements to hone your skills and talents. Failures serve somewhat as an eye opener as it reflects that you still lack the skill or you were careless in some point. Just keep moving forward and always aim for the future. |
|
|
|
bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price what might be the reason why bitcoin's price is going down? what are the major things that can greatly influence bitcoin? answers would be fully appreciated  There are many things to consider when it comes to the price of bitcoin, beinf affected by such factors: - Government prohibitions on some countries decrease the number of attracting new investors and retaining new ones;
- Media has been an integral factor as it influences individuals around the world. Unfortunately, it has created this stigma which people have been skeptical into investing;
- Large trading companies and certain banks that prohibit the utilization of such since they see it as a threat rather than something that is beneficial; and
- Its overall assesment in the market since its price is primarily determines by the law of supply and demand.
|
|
|
|
yes of course bitcoin is a digital currency like gold because bitcoin for now is the best cryptocurrency currency and can be used for all countries and can benefit from bitcoin so make the movement of trading volume of bitcoin is very big.
Being the best cryptocurrency does not constitute that it is equated to gold. They may have similar aspects but gold is indispensable. Unlike bitcoin, gold has been existing ever since time immemorial. Countries transact golds and view it as a legal process of payment. Its tangible natire and expensive price make it an investment tool for futute perspective. Though much has been said, bitcoin cannot be a currency yet as it has to conform with the requisities. Some countries prohibit the use of such despite having positive economic benefits. |
|
|
|
Ive always been 1 that thinks i earned the money, why cant i spend it when and how i want? Thats simply not the case in the usa cause our goverment believes they deserve to tax revenue from anything and everything.
That being said, i find gambling sites restricting ips from usa to avoid their own legal troubles leading me to believe the usa doesnt allow online gambling but i find a way to get it done
The money that you earn are basicslly yours and you have the prerogative to spend it on anything mich that is legal. Like drugs, guns and other stuff, they exist but they have strict regulations or complete prohibition into it since it is an area which can be abused by individuals. If the government bans gambling, thwn why still engage into the practice? They will typically prohibit the use of such if they view it as toxic and as a threat to peace and security in the country. |
|
|
|
I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, Why on earth did you waste those hours? Is this how you earn govt currency as well, or do you suppose there's a better way? Please tell me you don't think bitcoin is useless because you can't make a decent Bitcoin income looking at advertising sites. All of us have their opinion but please do not blame your incompetency towards something that is bigger in scope. Due to your lack of understanding, knowledge and skill about earning bitcoins, you are only able to garner a value which is relatively low. Remember that everyone has to start from somewhere and that includes millionaires starting from scratch. Your statement is fallacious and invalidates most progress (including mine) of individuals who earned a lot of bitcoin due to their resourcefulness. People invest into bitcoin due to its potential of yielding large amount of profits compared to any other investment tools present. Its convenience also makes it accessible to most individuals if they wanted to invest. |
|
|
|
There are different reasons why we do things generally in life, Cryptocurrency too is not an exemption. Different people have their reasons for involving in Cryptocurrency as a whole. To me, I first heard about Cryptocurrency in 2016 after my adventures with ponzi schemes. The impression I first have was impressive because I was in a good hands then, my mentor was a keen and always ready to help person and he achievement was there to show for it. So I was curious to get started and join the big guns in Cryptocurrency world.
Share your views on the reasons that got you involve in Cryptocurrency and let the newbies learn.
Two years ago, I was looking for an alternative method in order for me to earn extra income. My friend, humbly suggested that I should look into cryptocurrencies (bitcoin to be specific) and try to make an investment. I read articles and archives about bitcoin and I learned that they have the potential of yielding large amounts of incomr. But when I came across this forum, I started making an account and joined campaign signatures. Until then, I’ve been participating and earning bitcoins weekly relative to the campaign that I joined. |
|
|
|
Hi everyone,
I have some thoughts about the future of cryptocurrencies. At some point, even if they do not get to be regulated, still the countries will have somehow their own digital currencies issued. How do we make sure that BTC will dominate the respective national cryptos of each country? Or BTC will eventually turn entirely into an asset, leaving space for other currencies as means of payment?
Simply thoughts about the future from a new guy.
Technically, bitcoin is being regarded as an asset currently as it cannot be a currency. Some countries do even consider it as an alternative payment for various services and products in the market relatuve to their laws. In order for bitcoin to continue dominating the market, it must attract new investors and retain old ones, it must be generally accepted in every country, it must conform to the laws and regulations imposed and it must retain its high price. Its high volatility makes it a perfect investment tool for short or long term goals and its accessibility is relatively easier compared to other investment mechanisms. |
|
|
|
Well nothing is impossible but reaching 100k is very unlikely to happen. There are a lot of things to take into account when considering its price in the market. The only feasible explanation that may skyrocket its price is when countries from around the world would implement and embrace its process into the transaction system. Currently, there are still underdeveloped countries who are struggling for technological advancement and implementing bitcoin is far from their priorities. Like what I mentioned, maybe in the near future if we shift into a wireless form of payment then we would see bitcoin’s price at the top. |
|
|
|
This would produce the most gains , but if you predict wrong you could be stuck waiting for the price to either come back up or down to get back in. I did this the other day. I sold and bought back in at what I had predicted was going to be the next upswing. However some last second sellers swooped in and dropped the price below my limit. Then it just continued to fall from there. Now I sit and wait for the price to come back up to my purchase price so I can get back at it. I hate waiting. I get antsy. I should have left some money in reserve so I could have at least bought in at the bottom. I got greedy. Now I wait.  Trading in general is a risk but trading everything in one go increases your risk tenfold. The goal of every trader is to minimize the risk while maximizing the profit. You aim primarily for profit but there are also a lot of factors you have to consider whenever you trade. You weigh the risks by observing the market and by staying up to date unto recent news. After that, you then decide to whether risk it or to halt your decision depending upon the results of your observance. Well like what I always mentioned, experience is always the best teacher in learning out mistakes. |
|
|
|
Why, until now, government all over the world still doesn't trust bitcoin?
There are various reasons on why the government prohibits the utilization of bitcoin, such as its decentralized nature, its volatility, its threat economically and socially, and its implementation throughout the globe. Due to any lack of government regulation, they view bitcoin as a foreign thing has the potential of scams and abuse in the market. Also, bitcoin has been used as the main currency under the dark web, which mainly contributes to the criminality rate. Lastly, they fear that its volatile nature might become a barrier towards safe and securef transactions due to its unnecessary peer to peer transaction. Unlike other investment mechanisms, bitcoin is the only one who lacks such governmrnt intervention. |
|
|
|
Most individuals view third-world countries as countries who cannot embrace the technology and system of bitcoin. Not to mention, it has created this stigma wherein if a third-world country gets involved people would think that they are not knowledgeable about cryptocurrencies in general. Since the Philippines has started to implement procedures and developments, this reflects a postive news to the crypto world as another alternative is created. Hopefully countries would adapt and support this decision for further enhancements in the future. Good news to us , i am a filipino and wow seems our cou tries government is beside in crypto currency. So crypto will not ban in philippines. And also it contribute on world economy of online digital money. Filipino crypto user will become more, people and companies will be enter in crypto world.
With this news, it definitely implies that the country is lenient and willing to accept bitcoin in the community. Hopefully this continues and other countries would also support this decision. |
|
|
|
Were you asking a question or merely stating something as fact? I would argue that Bitcoin isn't too different from the past you have described. Satoshis still cost a fraction of a cent, so you could still use Bitcoin for reasonably small payments, especially right now that fees have basically bottomed out. It wasn't as ideal as it was then for micropayments, but is still quite viable. It's perfectly suitable for payments of every other amount too.
I agree that it has to be feasible for payments for it to have value, but some people would probably be content with it just being a store of value.
Technically, bitcoin can be regarded as a currency but it has to conform with the requirements needed. In order for something to be a currency, it must be accepted by the government in terms of utilization, its value must be represented or backed up by something (like gold), all countries must embrace and follow its implementation, and it must not be limited. Due to bitcoins nature being decentralized, some countries do not accept its existence. Its volatile nature also makes its price unstable, thus making it prone to inflation. I believe that bitcoin can be s currency once all countries are able to support and accept its system. But currently, it is something that holds significant value. |
|
|
|
Everything has to start from something and learning involves it too. The process of learning cryptocurrency csnnot be done overnight as there are a lot of complex functions but eventually, people would start to digest it slowly. I disagree with the topic as knowing cryptocurrency is mandatory if you want to pursue it. I know ternagers who are able to adapt softwares and developments to the blockchain and it depends upon your will on how you would approach it. Relatively speaking, even beginners are able to learn in a short amount of time because what drives them into learning is their determination and will to succeed. |
|
|
|
Because I strongly believe that through this cryptocurrency I can achieve my financial goals in addition I am also inspired to invest in the world of cryptocurrency ... so I entered this world is to meet the needs of life ...
Joining in this cryptocurrency world is by chance when a friend told me about it,i have doubts but i never hessitated to be a part of it and now that im already here i think i could pursue my dreams to own a house,because i really want to provide it to them. Someday it will happen because i know that bitcoin and altcoins can make me reach it. The cryptocurrency world did not just chsnge me monetarily but it has affected me personally as well. This gave me the opportunity to learn knowledge about cryptocurrencies in general and it also provded me thr chance to meet other invetors who share the same passion as well. Cryptocurrency has helped a lot of individuals financially and it also made s lot of millionaires due to its price and nature. Some people consider it as a threat to the economy snd society (which is the government) and they are starting to impose rules prejudicial to its existence. I do hope that one day, they would able to see its impact in ghe all aspects of society as it creates job opportunities. |
|
|
|
Hello everyone.
I am new here in crypto world but I have no experience about what is the way to earn money using cryptocurrency. I was already studied few things about cryptocurrency but for me it is not enough.
I believe that all of us are have a chance to make a better life in crypto world however I don't know to start or where I do start? Many of members here said that investing and trading are the best way to earn more profits.
Do think that trading and investing with cryptocurrency are much better to my upcoming fulltime job? Because at this time I'm just waiting for the call of my fulltime job. What are the best advice that you may give to me. should I reject the fulltime job that I've been waiting for or to go enter the world of investing and trading?
Can you share you experiences and ideas for me.
It is the great opportunity for me to read your answers.
Thank you in advance.
There are a lot of thinha you need to consider when opting to switch from a full time job to focusing into cryptocurrency. One, you gold the time of your work as there is absolutely no one to boss you around. Two, you must know some knowledge about cryptocurrency in order to start as it gets complictaed when people avail for your services or if you focus in trading. Three, the incom you receive is relatively higher. Though there may be a lot of advantages, conider the whole job as a risk. The income might be a little inconsistency and the price is determined by thr success of bitcoin. Not to mention, you acquire skills, hone your technique and talents when you work inside a company. The choice is yours to make but personally I would fous on the two at the same time. |
|
|
|
I am not sure that this section is right to post my thread . my question is : since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network . If this is real news then the value of the bitcoin will go down speedly It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit what's your thought guys  There will be only a limited amount of bitcoins available in the market, specifically, 21 million bitcoins. Due to this, the price of bitcoin actually depends on the law of demand and supply. Not to mention, its lack of any government regulation makes its value very volatile in the marker- making it a perfect investment mechanism for invesyors who are aiming to earn short time income. Like gold, its quantity is limited, thus it has the potential of whales controlling the price. It depends upon the investors if bitcoin would still reign in the market. |
|
|
|
The Bitcoin is reaching $10,000 again. Personally, I think cryptos will be the future, even some countries already banned them, like China and South Korea. Recently, an news shaped my eyes again, it said that the investment banking powerhouse Goldman Sachs will start trading Bitcoin futures using its own money. Bitcoin (BTC.X): will this rally sustain?Do you think bitcoin will continue to increase?This actually depends on a lot of factors, mainly the government, the market, the number of invetors and the technology supporting bitcoin. Not to mention, you also consider the economic standing of each country as its development may continue to spread if all countries are able to embrace its development. To answer your question, bitcoin will continue to rise since it has brrn the reigning cryptocurrency for 8 years. Bitcoin has also been the revolutionary concept behind the idea of transcating without the need of any personal appearance. |
|
|
|
|
Show Posts
