If someone can buy the majority of the supply of bitcoin then it is possible to control the volatility because the volatility comes from the sudden changes in supply and if the supply can be controlled then even there will be a lot of demand in the market. The volatility will not occur unless the huge whale will sell some of the bitcoins to the buyers.
You have a point. If there is a change in the supply and demand, bitcoin is affected and it is possible that by controlling this the volatility of bitcoin will be controlled. But I don't think that it would be that easy because volatility is one of the main features o bitcoin and this had made bitcoin reach its price now. Volatility is what attracted investors and if someone is able to control it through supply and demand therefore bitcoin is no longer decentralized. Probably you can't controlled the volatility of bitcoin because it has already been a nature coin to decentralized currency. And yet there many investors who was likely in volatile due to the fact that no one investors would invest if the circumtance is stable because they have a lot of bitcoin in there own. |
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I hope the country whose population of bitcoin users immediately legalize bitcoin in its area, because it will be very helpful for its own population both economic problems and transactions of goods or services payments.
Speaking of legaliization of bitcoin only japan and australia enforcing the law that governs allowing the cryptocurrency as the secondary money in there country. They accept digital currency as mode of payments and purchasing goods in many establishment. |
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What do you think about the fact that cryptocurrencies will literally be the future ? In a few years, it will exploded and, be rich if we hold many ?
Cyrptocurrency is truly our future. If we invest at right investment it will result with a great profit. If we greatly getting a lot of profit then our investment will be growing immediately and will result to a better future. There are many cryptocurrency that has progressing now a days. And they different value on exchange rate it. In this crypto you are probably giving a bright future, this is bitcoin you can earn money out of it. The price of bitcoin will go even further and higher. Thats the good thing of bitcoin currency. |
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in a sense of to days popularity bitcoin will be popular as it is now. but the people like it now a days because of the increase in prices and that's why many people have started trading of these currencies. beside all this the big investors are investing in bitcoin as well as other coins and they are more profitable than in the past.
One of the reasons why people are up to bitcoin is that the price is unpredictable and most importantly its decrease in value is too far compared to its increase over the years. This flactuating price encourages people to join because we are looking at possibilities that it will increase more in the coming days. In case bitcoin has fixed value I think many will still patronize it but it would not be as many if the price is not fixed. Its popularity depends on the impact peoples financial gain. |
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I think it will survive for a long periods as long we still used it. But no one known how long btc will survive. Just think positive about bitcoin  We can never guess span of survival of any kind of currencies all over the world because of the fast growth of technology nowadays. Many factors can affect its growth or its death but in any case that depends on the patronization of its members like here in this forum. As long as we are here and as long as we have internet connections and as long as we believe in our hearts that bitcoin can help us and can make our lives easier, then for sure bitcoin will be here to stay in this industry. |
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Can you really be sure you will profit unless you have insider info?
There is no assurance actually. Unless a certain coin is announcing a really big development of their project, the movements are normally fluctuating in such a manner that you can say to a certain extent that "trading is just an educated guess." But of course, there are charting skills that will guide mostly those that are very skillful crypto traders. They do not just purely guess. Trading in any type of industry is not 100% guaranteed to have a profitable result. It has many factors to be considered including the economy status and your plan of approach. If educated guessing "means product knowledge and thorough research on the thing/product/bitcoin" so maybe thats the term. In bitcoin on the other hand is more complex because more often you don't know personally the person you are trading to so its your guts and instinct that you are relying most of the time. |
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When the bitcon fork is over, people will go back to altcoins. BTC prices will drop as a result and panic selling will start to kick off
I don't think that the price after the hard fork of the 25th october will drop like you said. As we see now bitcoin have a very good potential, according to preev now 1 BTC= 6040$, which it's a very good price and the peak of price is made today, so even the bitcoin will drop, It will be around in 5500$ and no less than 5000$. A lot of instances why bitcoin price drop the big impact is when there is a country who declares banned of ICO and exchange of rate. Because it can cause a lot of drop of coin to many users making panic. Plus a lot of fake news will come out and speculations makes struggles to the investor to withdraw or hold there coins. |
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There is a user who posted that website that contains all the bitcoin holders, wow, i did not expected that there was a site like this one, it is a little bit risky and it exposes all of the holders all over the world.
Anyway, so those who said that there was a wallet of 500k of bitcoins from Satoshi are all wrong, because the wallet who most bitcoin has, only have 140k bitcoins and it is the cold wallet storage from Bitfinex (the most biggest exchange)
One thing you should understand first is I can decide to have more than one wallet and split my funds in them. So, that does not guarantee that someone might not be holding more than that amount of bitcoin even with what the list showed. Personally, I might have one of the top 10 wallets shown on that site  ... Also, I do not see any risk that poses, since except for some exchanges, I can decide to stay anonymous and no damn person will know the person which each account belongs to. Aside from Satoshi Nakamoto one who own the world's biggest bitcoin wallet in the internet estimated 1 million bitcoins. There is another one, the FBI holds 144 000 bitcoins in shutting down the silk online drug marketplace. Seizing bitcoin own by Dread pirate Robert the operator of the illicit online marketplace. |
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If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles
Definately there would be a huge chaos to the economy and brings an unstable supply if we use one currency all around the world. particularly in a big states and a low states. They can break the ties, each regulation and trouble of each countrymen due to the fact that dominant country can have what they want. |
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The digitization of money started one with the ATMs, credit cards, online shopping and so on. Regarding the crypto currency, there is another story. It won't be easy to accept the crypto technology but, i consider that every day practice will help. When people will say that everybody is doing it then why shouldn't he do it so, it's just a question of time and practice.
That is good the transition of fiat and digital has already started we are bound to digital currency world , because as you can see many departments and stablishments have shawn accepted payments through bitcoin. The centralize process of bitcoin from the country of Japan, USA follows many countrymen to suit implementation to cryptotechnology due to many users request. |
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both are on my portofolio list, and most exchanges use these two coins as base money now, holding them will keep more value than other coins or fiats
There is a big difference of comparing the two cryptocurrency the bitcoin and eth. Bitcoin is most powerful of all cryptocurrences when the exchange value continously increase up to $ 5688.19 as coinmarket cap while eth is the second most power exchange down rate to $323.37 so we can say the difference. |
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I will say that real big players have entered into cryptocurrency and more will soon enter, that's why price keeps rising. I believe that Bitcoin still have a major role to play in the future and still in its early days. We haven't seen it all yet.
Those players you are telling are already in the bitcoin scene before but they haven't moved so the price of bitcoin didn't moved quickly just like what happened today. There's actually a major role for bitcoin to play as my guess is that it will be the major currency that everyone will use for transacting as we buy goods, services and other things through internet. It's now transparent the future of bitcoin, everyone has an idea on what's the future of bitcoin. We are in so confident phase where bitcoin currently on top , yeaaa on ATH. People will keep teeling that the future of bitcoin so clearly secure and bright. But guess what will people do when the price freefall? I don't think they will remain confident , the point is to keep support bitcoin no matter what happened. Yes of course we have a bright future on bitcoin because many people have been benefited a work as partime or a fulltime due to the fact that many of our fellowmen working abroad to have a nice income. But when you have a bitcoin you can guarantee that you don't have to work outside the country. |
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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 !
You already mentioned above the advantages of bitcoin. I have nothing to add but to say I really love bitcoins because it really helps me. In this modern world where everything are almost instant,bitcoin is just equally the same.Easy access to online transactions such as bills payment and payment transfers are just one of its benefits.Just an internet away you can earn certain amount of money which you can easily transfer without any legal documents needed and tax payments to the government. |
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What is Bitcoin Mining? - For those who have been using bitcoin virtual money certainly know the term mining bitcoin or mined bitcoin. Bitcoin mining works to add transactions and release new Bitcoin. It takes competent computing skills to solve bitcoin algorithms. The mining process itself starts from. For things that are done digitally.
Exactly. It is not wrong to say that mining is actually the production of bitcoins. Bitcoin mining is just a simple thing. As you said, bitcoin mining and mined bitcoins. Bitcoin mining is actually solving the mathematical problem and then creating new bitcoins. Mined bitcoins are the bitcoins that are transacted once and then stored. Bitcoin mining is a kind of digging digital currency using high powered internet connection to mines new coin using the specialized mining devices to verify each transaction heppining within the network and placing them into block chain. |
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If you know that you got good coins then you should buy more when others are selling and wait for correct time to sell.
Just right on point! Only those holding shitty coins always end up getting scared as the shitty coin keeps getting dragged down. That is why you just need to trust your portfolio and believe that no matter what, it is just going to bounce back. And even dips like what we are having presently is always the best moment to buy and get a huge profit once they get back on track. This is why it is important to trust our investments, if we just invested because someone recommended that coin or just because we wanted to obtain quick profits then it is going to be a lot harder to keep holding when the price goes down, this is why people lose so much money since they invest in projects not knowing what the project is about. If you are a long time holder of the bitcoin you will never worry about the situation when value dumps or bump. Keep your coins in hardware or elsewhere where you cannot touch the bitcoin in your wallet. To invest your coins in any project you have do analyze the complete about it. For example if you are going to invest in ICO token sale you need to check the white paper release and other information. Mostly new traders are selling their coins immediately when the price drops. But for those trader who has too much experience they tend to hold longer and evade the loss of profit. Patience is always the key when the price is decreasing. That is the reason why we keep on hearing this news that most of the newbies have quit doing trading because of the reason that they suffer a huge loss due to panic selling. There is no other better thing that you being an owner of bitcoin can do at the time when the prices are falling and down and that just keep calm and hold your bitcoins. There is no point of getting worried and making such kind of foolish decisions. Yes.If the price of bitcoin is reduced to low value means,you have to hold the coin and better avoid of panic selling to low value.If the price of bitcoin is getting low means,just brought huge amount of bitcoin.We all know ,the bitcoin price again will raise.So buy more bitcoin when the price is getting high.Don't do selling. Price flactuation is an ordinary thing even to any other kind of currencies. For me theres no need to panic in selling your bitcoin in fact if the price is falling you have to gain more bitcoin and have it sold the time that the price bounce up agian. |
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I think paper money have its own importance and will never dead. Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment for day to day transactions.
Digital currencies are already in its verge of popularity especially in higly developed countries.However, I don't believe that paper money will lose its value anytime in the future.Maybe lesser percentage of people will be using it in the rich countries but in the third world countries paper money will still be the leading source of payments. |
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I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
That is simply the vision and speculation of Robert Kyosaki. But I agree with him. Time will really come when fiat will be totally replaced with cryptocurrencies. Crypto is the future of currencies because it is totally digital. The world will be using a version of money that would perfectly fit the social situation. It is impossible to happen the fiat currency will crashed into digital currency because cryptocurreny is volatile they are not stable its value and how investors really invest into unstable investment. And one thing is for sure the government never support the cryptocurrency to replace national currency of the country. |
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USD is FIAT money and FIAT money is the most useless money ever. It has no use but to make you feel like you have money, but you don't. You have debt, that's what you have.
In general USD is most popular currency in fiat form in United State and we can not deny that, they are still using by many money investors as of now. While BITCOIN is the most popular currency of all cryptocurrencies who are increasingly its community due to the fact of many users and investor who wants to invest. So we can say, they are in different forms of platforms and popularities. |
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Bitcoins is most popular among all the crypto currencies mainly because of the outrageous value . It's value keeps fluctuating in short term but in long term it is always increasing ( well till now it indeed is increasing ) , which attracts investors to invest in BTC . BTC is like head of all other cryptos because people buy other crypto currencies using btc . BTC is the first crypto to reach the $5k mark. Why it is the most popular cryptocurrency? It is the most popular and most used cryptocurrency because it is the 1st and father of them all. Altcoins are interconnected and correlated to bitcoins. If BTC market goes up or down, it can affect all the altcoins in a good or bad way.
We cannot say that if BTC goes down the other crypto's will also go down,we have seen many crypto's falling down like DOGECOINS, spacebit , paycoins etc:- but we never saw any of them going down with other alt coin. Bitcoin absolutely popular of all cryptocurrency because you can see the difference of exchange rate that makes you wonder how it was deep gap comparing to other coin. When you go to the coin marketcap you see the different ICO value and you will amazed how being dominant the bitcoin king of ICO. |
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