i analysed the chart of bitcoin and i focused on times when the price were dropped, I concluded that the bitcoin always save him self and back up more then ever.
Because of the current crisis for bitcoin which is not the first in its history, some people have become suspicious of the future of this crypto currency, so much so that they are saying it is useless.
I just want to remind the world that bitcoin is the first crypto currency in the history, raised in 2009 as decentralized currency in the blockchain technologie.
bitcoin has the value, because is the first.
I got interested in BTC in 2017 and at that time you could barely see any advertising in the media. Some social media pushers were promoting their altcoins and of course you could see the banners and articles on tech sites. Now I'm seeing articles in the mainstream media, getting emails on my private mailboxes (never used for anything crypto related) about profitable BTC investments. This is a different world that we're living in. |
|
|
|
In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.
In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal.
What did you know about it?
during the last month of 2017 when price was shooting to the moon and a huge amount of money was coming in, this may have been correct because during these surges a lot of FOMO buying takes place and attracts a lot of investors. |
|
|
|
I've been keeping up with Bitcoin and investing for the past year, and Im wondering if anyone thinks it will drop back down to 6 - 6.5k in the upcoming months?
I've read a lot of projections and there is a mixed consensus but several "vets" agree it's due for a big drop.
What does everyone think?
though i personally feel that things will be more bearish, primarily because you still have so many absolutely worthless tokens on the market. There is what now some 1600 cryptocurrencies as per coin market cap, most of which are dead/ fraudulent or have no use case apart from helping their founders raise money through the ICO. I feel that a purge of these coins are necessary, and only once that has happened would i feel markets have truly corrected |
|
|
|
Reasons why #Bitcoin is droping:
- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative
This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this
People get attracted towards digital currencies from fiat currencies because they were tired of those physical currencies and its limitations. Same will happen in future, if any new currency gets launched and people get attracted towards it. Bitcoin is in crypto market from last nine years. People have invested in it and earned a lot. But now are tired of the same system of work. |
|
|
|
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
As you can observed, most of those people who appeared in news are those bankers who will say their opinion about cryptocurrencies and it would definitely be a negative opinion to convince others to continue to trust them and not pull out the funds of those who are already diversifying their investments. |
|
|
|
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.
have been inspired by so many of my friends who becames financially stable because they invested into the cryptocurrency world. In fact a lot f my friends had stop working and make bitcoin and other altcoins their main source of income and it is pretty encouraging being able to work at the comfort of your home and be with your family 24/7. I actually see photos of their family get together most of the time which I usually miss with my own. |
|
|
|
Dispelling Some of the Most Common Arguments Against Crypto
Once in a while, every crypto-enthusiast will run into somebody who is skeptical of the industry altogether. People like this usually have never invested before, or did once but lost their money. As somebody who cares about the field of cryptocurrency and has invested several times in the past, it can be mind-numbing and frustrating to hear the opinions of people who have only ever read headlines and soundbites regarding the topic.
Make note, it is reasonable to be skeptical of cryptocurrency and present some well-researched arguments against them, but the people being referred to here are those that know very little about the industry and have no noticeable desire to get acquainted with it.
Here are some of the most common arguments you will hear against cryptocurrency (either from people you know or from news outlets) and some simple responses to them.
“Cryptocurrency is a pyramid scheme.”
Occasionally, I will run into a person who claims that cryptocurrency (or more specifically bitcoin) is a pyramid scheme and that only those who were first to the market will be able to make a reasonable profit from it.
While it is true that the earliest adopters of coins like bitcoin and ether have seen the most significant increases in their profits – this does not make it a pyramid scheme. Pyramid schemes are structured so that subordinate investors must pay or hand over a percentage of earnings to a higher level investor. This is not the case with cryptocurrency— if you head to an exchange to buy a coin, it is possible you will be buying from somebody who is at the same level as you (i.e., they invested around the same time you did). This is not possible with pyramid schemes since the only way to make money is to recruit new members. With cryptocurrency, you can trade and exchange with new or old investors. Also note, the main aim of cryptocurrency is not necessarily to get new investors since the price of a coin does not exactly rise due to adoption. Positive news regarding programming updates, partnerships, and new features can also just as quickly raise the price of a coin.
“Cryptocurrency is only used to buy drugs and launder money.”
This statement is commonly used by media outlets as a way to discredit the entire industry and the technology behind it. The best way to refute this statement is to briefly explain the nature of the blockchain and the sheer level of transparency that cryptocurrency offers. Most people who do not know anything about the industry get the impression that using this currency automatically masks your identity and your movements.
Explain to them that most coins have a global database of transactions which can freely be viewed by anybody. This, alone, is enough to discourage people from laundering money and purchasing illicit substances since law enforcement, the IRS, and other government bodies can track purchases with more ease than fiat.
“There is no underlying. value”
This is a half-truth. While cryptocurrency does not rest its value on assets like gold or land, it instead derives value from its developers and its code. Arguably, this is similar to how legal tender derives its value from its government and laws. Similar to how a decision or press conference from the President can affect the price of USD, an announcement from a lead developer can affect the price of Litecoin.
“It is too late to make money.”
I have personally found this argument to be said by people who only know of one cryptocurrency: bitcoin. Generally, the easiest way to open their mind is to show them that CoinMarketCap actually lists over 1500 coins and tokens. Of course, only a fraction of them are worth investment, but it proves that the industry is expansive.
New coins and tokens are constantly entering the market, many of which shoot up in price significantly after a while. One coin that has not had a long history, but is valued highly, is Nano. The coin only came into existence in early 2017, but in the space of a little over a year it has risen to the 28th spot. The main reason for this is the team it has and the technology it runs on. Finding a new coin with a great set of programmers and impressive code can be one way of making money in the industry. Of course, it is not the only way. The much larger coins like bitcoin, ether, and monero are still considered good investments now— this is because people still think the technology is undervalued. If that is the case, then it certainly is not too late to make money.
Originally published at cryptodisrupt.com
Just let them believe on what they think anyway if you will going to earn in bitcoin anyway then there could be no problem. ust dont mind them because they are not worthy for your time. If you are getting irritated by them then the best way to do is to avoid them. Or if you want to prove that bitcoin has done something good then show to them the actual evidences that you are earning in bitcoin so to avoid irritating interactions with them |
|
|
|
Greetings! I am planning to invest $5,000 in cryptocurrency but I do not know how to invest. And where should I invest? - in Bitcoin, in alternate cryptocurrency, or in ICO? I’m asking for an investment strategy for professional traders or investors out there.
There will be people who will say you to diversify your coins and buy some altcoins but Bitcoin is going bullish these days and making the altcoins drop in price massively. See the prices on coinmarketcap and you can notice that many altcoins have dropped 20% in price. |
|
|
|
Accept the fact that most of governments will oppose crypto currency. Obviously there are some countries who have decided to embrace the future, but let's face it, most of governments will stand against. Who likes their currency to be weaken? Every time a stupid country opposes bitcoin, there is so much fud and a great price drop.
China bans mining
South Korea will not ban crypto but obviously does not welcome it
India banning crypto
I fully expected this resistance from governments.
Don't be surprised if more countries come out against bitcoin
China has stopped ICO and not bitcoins there are lot of people who does mining in china .My dear friend as far as my knowledge i never came across a news that India is banning crypto may be you are stuck with the wrong info . I have lot of Indian friends and so far i never across a news stating that their government is banning bitcoins infact the government is only going to bring in some kind of tax for the once who has gained fortune out of bitcoins |
|
|
|
I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:
" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"
I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
Truly most of all transactions or the value of commodity depends on the principles of market and demand, the more and more people demand on every commodity and there is no enough supply to sustain that demand then the value of such commodity increases. |
|
|
|
In the G20,approval of the Bitcoin is 15 countries,more than the half,
in this view,we still have the faith in Bitcoin,
at the moment,maybe someone said the death of Bitcoin is in the China,because the China is the only one who makes Bitcoin illegal,
So,the death of the bitcoin will come ture ?
what is your predict about the future of the bitcoin?
Bitcoins are very controversial and hot topic nowadays. Many organizations are considering to accept bitcoins in future(like banking sector, online retails etc) and simaltaneously there have been some setbacks to bitcoins like chineese government putting bans on bitcoins. So the future of bitcoins is little uncertain. |
|
|
|
Bitcoin mining is based on very high energy costs and environmental costs.
One bitcoin =20 barrels of oil.
How many barrels of oil do you think the industry consumes every year?
10 barrels? 50 barrel?
Each year, the mining industry consumes more than 24 terawatts of energy, the equivalent of 13,239,916 barrels of oil.
Every 10 minutes, 12.5 bitcoins are dug up, meaning 20 barrels of crude oil have been reached since each bitcoin was dug up (not yet traded).
In other words, the amount of energy consumed by the global bitcoin mining campaign is 40 times greater than the amount of energy needed to support the Visa card network.
One bitcoin transaction = one American family USES electricity a week.
According to encrypt the currency analyst Alex DE Vries estimate an index, the currency trading energy consumed each year more than 24 tw, this is equivalent to total energy consumed each year in Nigeria, which has a population of 186 million.
Currently, about 300,000 bitcoins are traded each day. Each bitcoin transaction costs 215 kilowatt-hours of energy.
The average American household USES about 901 kilowatt-hours of electricity a month, which means that each bitcoin exchange consumes enough energy to make an American family comfortable for a week.
What do you think about the energy consumption of bitcoin?
if we say bitcoin improved economic growth all over the world, I really agree on that, but negative issue of bitcoin business is not a new in bitcoin business, almost everyday there are some forms of negative issues about bitcoin business, maybe because of the rapid popularity and increase of people who access bitcoin |
|
|
|
Bitcoin mining is based on very high energy costs and environmental costs.
One bitcoin =20 barrels of oil.
How many barrels of oil do you think the industry consumes every year?
10 barrels? 50 barrel?
Each year, the mining industry consumes more than 24 terawatts of energy, the equivalent of 13,239,916 barrels of oil.
Every 10 minutes, 12.5 bitcoins are dug up, meaning 20 barrels of crude oil have been reached since each bitcoin was dug up (not yet traded).
In other words, the amount of energy consumed by the global bitcoin mining campaign is 40 times greater than the amount of energy needed to support the Visa card network.
One bitcoin transaction = one American family USES electricity a week.
According to encrypt the currency analyst Alex DE Vries estimate an index, the currency trading energy consumed each year more than 24 tw, this is equivalent to total energy consumed each year in Nigeria, which has a population of 186 million.
Currently, about 300,000 bitcoins are traded each day. Each bitcoin transaction costs 215 kilowatt-hours of energy.
The average American household USES about 901 kilowatt-hours of electricity a month, which means that each bitcoin exchange consumes enough energy to make an American family comfortable for a week.
What do you think about the energy consumption of bitcoin?
If that is true then we are already on the verge of setting up the global warming by adding the mining operations of the bitcoin. The global warming already existed however the thing has gotten intense now a days just because of the bitcoin mining. I believe that the electricity companies might be blessed with the top ups that they are getting but they might be tired by producing more energy than the normal rates |
|
|
|
Bitcoin is not just a life saver but also a life changer. Before, I don't know anything about investment. I'm just a minimum wage earner and my salary is most of the time insufficient to my needs. My family is struggling financially. When Bitcoin was introduced to my life, everything changed. At first, I invested a very little portion of my salary to HYIP and gambling hoping that my life will change instantly as what those sites promised me but I was scammed multiple times. It was devastating so I decided to stop investing on Bitcoin. After a few months, I saw some posts on social media on how Bitcoin changed a person's life so I decided to give it another try but this time, I will make sure to invest in myself first and study more about cryptocurrency. I learned about this forum and from here, I learned more things about Bitcoin specially on trading and investments. Now, I cannot say that I'm completely financially free but I can say that I'm already earning more than enough for me and my family's needs.
Bitcoin gave me another hope about life. There are times when we are feeling wasted and wants to give up but before you give up, ask your self first if you already did your best. There are times that we will definiyely lose and people will ruin our dreams but that is not a reason to stop. Just like on my experience, I got scammed but after a few months, I gabe it another shot. If I gave up, I might still ne struggling financially.
Life will definitely throw you lemons. All we need to do is learn how to make it into lemonade. I'm very thankful to Bitcoin. To all investors out there, just invest on your self first and I assure you, you'll get profit from it!
the life was not smooth here and was full of tough times. But this experience has taught me a lot. It is a common phrase that experience is the best teacher and that has happened with me. I have been here in this market for about 6-7 years and my experience here has been full of good and bad times. I have many traits from the market like patience, intellect and decision making power. The market is very unstable, there were days when it was not very kind to me. And those were the bad times. When I was not even employed, I was going through the worst phase of my life. But then i got into this market and tried signature campaigns and bounties. And the returns were fruitful |
|
|
|
Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?
I guess it could survive because no one has interfered on the cryptocurrency system even the government system. They are just only giving some advises regarding on this kind of investment. As we all know that all of us here who had join in the forum are all anonymous and what have we observe in this forum? well we are still free and continue in doing business so meaning we still survive and we will because some of the members here are depending now on bitcoin as their ways of getting another source for income |
|
|
|
Teaching them at a young age can give them knowledge on how to use internet in a meaningful way where they can earn money. Through this. teenagers/students will avoid using internet for not so important things like playing internet games where they are just wasting their time but rather use this internet in earning money with the help of bitcoin. Also they will learn to save money to be use in investing in bitcoin |
|
|
|
From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
Not in India all over the these things are happening over more than hundred yearsBitcoin is a decentralised, digital currency. Its quiet difficult to find the bitcoin trader. Bitcoin has become the most valued currency. Bitcoin is first used in illegal trade by ransomeware hackers. This news has created a bad impression about bitcoin all over the world. Now countries like Australia, USA are banning biotin by having security reasons |
|
|
|
Just curious, since the Internet is mostly an Earthly thing... would astronauts be able to access and transfer their Bitcoins whilst traveling throughout the solar system?
Bitcoin works on a digital technology platform, it depends entirely on internet data. So, no matter where they are in the space, just as they can connect to the internet, they can use bitcoin easily. In fact, traveling the entire solar system at the present moment is impossible, our technology can not meet. Yes, and as long they have internet connections and communications signals to earth then it is very possible. BTW, Internet is also present in space, I remember astronauts sent tweets from space before. Though if Bitcoin would be a huge trend and seen as a convenient way to store and secure their wealth then might as well they hop in. Since Bitcoin's complexity which requires the time, a little bit of time maybe to study how it works |
|
|
|
Bitcoin is not just a life saver but also a life changer. Before, I don't know anything about investment. I'm just a minimum wage earner and my salary is most of the time insufficient to my needs. My family is struggling financially. When Bitcoin was introduced to my life, everything changed. At first, I invested a very little portion of my salary to HYIP and gambling hoping that my life will change instantly as what those sites promised me but I was scammed multiple times. It was devastating so I decided to stop investing on Bitcoin. After a few months, I saw some posts on social media on how Bitcoin changed a person's life so I decided to give it another try but this time, I will make sure to invest in myself first and study more about cryptocurrency. I learned about this forum and from here, I learned more things about Bitcoin specially on trading and investments. Now, I cannot say that I'm completely financially free but I can say that I'm already earning more than enough for me and my family's needs.
Bitcoin gave me another hope about life. There are times when we are feeling wasted and wants to give up but before you give up, ask your self first if you already did your best. There are times that we will definiyely lose and people will ruin our dreams but that is not a reason to stop. Just like on my experience, I got scammed but after a few months, I gabe it another shot. If I gave up, I might still ne struggling financially.
Life will definitely throw you lemons. All we need to do is learn how to make it into lemonade. I'm very thankful to Bitcoin. To all investors out there, just invest on your self first and I assure you, you'll get profit from it!
Don't get too carried away by bitcoin or money when you're talking about how your life is going. There's definitely some things that Bitcoin and money can't buy, and one of those things is happiness. I'm very glad that it was able to help you, but just be careful that you don't put bitcoin or cryptocurrency on too high of a pedestal. There's always the chance that things just flop 180 degrees and that things go downwards |
|
|
|
Some bitcoin users told me not to do transactions in these couple of days because hackers are active these days. I want to know is it true? or some kind of rumor? Anyone here who have faced such problem?
Bitcoin transaction are operated over the blockchain and As there small chance if the splitting so the team announced to remain pause during this time because during the split there was some chance to lost the btc in network. So that was all news to make everyone safe to keep Bitcoin safe and don't fall into fork experiment. |
|
|
|
|
Show Posts
