The emergence of Bitcoin as a real threat to the Central Bank, has caused a lot of controversy around the world. There are Pro with Bitcoin, like the Bank of Finland, and some against Bitcoin, like Jamie Dimon from Wall Street Bank. The Central Bank is a big player that still survives in the global economy to date, even some of them want Blockchain technology to ride the next horse. That is, many Central Banks want to issue their own currencies with different characteristics from the original purpose of the Blockchain. They want to create crypto currencies that they can manage and control.
Yes, I also think banks will issue their own cryptocurrencies. Then we will have two kind of crptocurrencies. The real cryptocurrencies like bitcoin and unreal crpyptocurrencies which will include those cryptocurrencies that are created by banks. We should wait to see which one will be selected by the community. The real one or the cryprocurrency which is unreal but it is regulated and it is accepted by the governments? |
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ICOs are a great tool for raising funds. It can help a project to be developed. Also, it can help investors to make profit. So, there is no doubt the concept is great. But unfortunately there are many problems. There must be an organization or an authority that can stop scams.
I personally have not an idea how this problem can be solved. Because I don't know how we can have both decentralization and regulation at the same time. But this problem must be finally solved.
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The cryptocurrencies market is very unpredictable. So, it is better to not always trust this market. Everything is not going to go as we want. But Given this unpredictably, greed can be sometimes good. If some one had bought some bitcoins in 2010 and was greedy and had not sold the bitcoins till 2017, would become a really rich person.
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There are many innovations provide many new job opportunities. Internet, television, mobile, etc.
Bitcoin will provide many job opportunities too. How can bitcoin make people jobless? By making bankers unemployed? It will never happen. We will always need banks.
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I am sure every one involving in cryptocurrencies is dreaming about the future and want to earn money.
I want bitcoin to become a global currency and be used for all the transactions l. But It's not something I spend my time for that as there is no big profit for me. I am thinking about my profit. I am sure almost all the people are same as me.
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The current condition of the market is not good. Both traders and bounty hunters are unable to earn big profits.
Bounty hunters usually try to add some new tokens and coins to their portfolio. Those who don't cash out their earnings are losing money. Those who cash out their rewards just after receiving them are earning money. But that earnings are very small.
Also, traders try to increase the number of their tokens. They are same as bounty hunters. Only those who cash out their profits are earning money.
I cannot select one of these two activities. Because it depends on the quality of the work the person do.
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I don't think it's something to worry about. Because if they have to pay with bitcoin, they will find a way for that.
Also, I am sure many companies will provide some tools to make that easier for them.
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Bitcoin has been created to be a currency. But what is happening now is completely normal. I mean the price rise is inevitable and we cannot claim those who are trying to use this opportunity.
Assume that bitcoin price was 1 dollar when it was created and it is now 1 dollar now. The total market cap is only 21 million dollar. Can it be a global currency?
Bitcoin needs to have more market capitalization to become a global currency. As the total supply is limited, so the price must rise to reach that goal.
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Bitcoin is completely safe. Any one who has lost some bitcoins till now, have done a mistake in keeping the bitcoins.There is no problem with bitcoin security. Problem are those people who are keeping some bitcoins But they have not knowledge about it and its security.
The first thing any one must learn is how to keep bitcoins safe.
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Bitcoin is gone to be discovered almost 10 years ago, but not all countries of the world have accepted Bitcoin yet. Some countries have declared illegal use of Bitcoin. Because I think they do not know the exact benefits and uses of Bitcoin.
Some of governments know the benefits. But they believe that most of these benefits belong to people. They themselves are not benefitted. Bitcoin is gone to be discovered almost 10 years ago, but not all countries of the world have accepted Bitcoin yet. Some countries have declared illegal use of Bitcoin. Because I think they do not know the exact benefits and uses of Bitcoin.
Other companies such as marketing their products to increase sales and usage. Just like Bitcoin Marketing is required to inform Bitcoin about the scope and practical aspects of the world.
Bitcoin marketing is a great way to showcase the benefits and functions of Bitcoin to the public.
If Bitcoin Marketing is done then the use of Bitcoin will be very fast in the world and Bitcoin Industries will be expanding. Negative people of the world will know the exact information of Bitcoin and they will be interested in investing in bitcoin. And hopefully it will be possible to bring Bitcoin around the world.
Companies only want to give money for the services they provide. I don't think the method of paying matters. Bitcoin has not an owner. So there is no one to pay for marketing. We should use social medias to make more people know bitcoin and its benefits. |
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The answer is yes. I am sure of that. The world always changes. We see new things and innovations. Payment systems will also change in the future. Given the benefits cryptocurrencies have, I think they will make that change in payments. There is a high possibility that bitcoin will be that cryptocurrency.
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well i don't think cryptocurrency is difficult to understand even though it is another system of money. Almost every greener in here might have faced this problem but with determination you will really understand how cryptocurrencies and how they are work.
Cryptocurrency is another system of money. But there are many differences with the money, ordinary people know. I don't think understanding the concept of Cryptocurrencies is difficult, but most of the people get confused when they bear about it for the first time. |
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In my view, to make people accepted bitcoin as a currency by using it in our daily life. For example, when people wanna buy your things, you can ask them to pay it by using bitcoin. Also, when your friends wanna send you Money, you can ask them to send it as a bitcoin. And many more.
Just asking them to pay with bitcoin? Why should they do that when they don't know the advantages? Why should they do that while there is no problem in paying with fiat? First, people should know the advantages of cryptocurrencies. |
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The continued growth of crypto by promoting concentration and industrialization. Regular users can not expect to become a professional trader without great investment, as well as certain technical knowledge and experience.
I don't think poster means skills such as trading and earning money with cryptocurrencies. Only a few people trade cryptocurrencies or invest them. I think the poster means understanding how blockchain is working and how cryprocurrencies can be used for payments. |
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When it first came out, it was thought of as a means of shopping. But it has become a high probability that both parties will suffer damage. So people never used bitcoin as a means of change. It is currently being used as an investment tool and will continue to be used.
No, When bitcoin has been created recently, almost no one expect it to be a currency. Most of the people was very negative. But now there are many people expect bitcoin to become a global currency. People are investing in bitcoin, because they believe bitcoin will reach its main goal. If bitcoin reaches its goal, investors will reach their goals too. |
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BItcoin is getting better and popular. As a matter of fact, so many gaint companies and industries are chipping in bitcoin and its activities into the operation.
It might interest you note than Mercedes Benz, BMW, Samsung, TECHNO and APPLE are all accepting bitcoins for their products.
I think some of these big companies can accept bitcoin only if the value of bitcoin price is more stable than its present. Imagine their customers buying their products using bitcoin in the price range of $ 6,500, but after that bitcoin prices suddenly crashed to $ 6,000. of course it will make big loss to the seller / company. Not only what you mentioned. There are also many legal issues. Cryptocurrencies are not accepted by the governments. I don't think what the OP is talking about is right. |
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Anonymous technical team manipulate crypto market but they didn't come to front . I don't know how they benefitted by this. And how we can stop them to manipulate the market?
How they are benefitted? It's simple. They have many bitcoins and other cryptocurrencies. They are whales. They manipulate the market, sell their coins at high prices and buy back cheaper. In this way, they increase the number of their coins. The best thing you can do is not trust them. Don't panic. |
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Bitcoin investment and networking has different characteristics but still the same its a way to earn money. It might true that bitcoin investment is much better than networking because you dont need extra effort to earn more while in networking less effort less income or sometimes nothing. But it depends on you on how you will work it out both, at the end still the two can make you money.
What are saying? No effort to earn money? Earning money is not as easy as you think even when you are involved in cryptocurrencies. I think it also needed big effort. All the people are not supposed to earn money with cryptocurrencies. |
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Yes. Don't ever be negative when it comes to investing because we can help rising the price of bitcoin through buying (rebuying) low and selling high.
You are talking about traders. I don't think they have a big effect on prices. Traders usually play the game as whales want them. If you want to have effect on price rise, just hodl. |
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People who are members of this forum and don't have any cryptocurrency are fools! I know so many people who didn't invest last year in Bitcoin (but wanted to) and now they are really regret it.
There are many people cannot afford to buy bitcoin. But they are trying to increase their knowledge about cryptocurrencies and find some ways to earn bitcoin. |
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