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Yes.Its the bitter truth and we have to accept that crypto currencies are used just as high ROI giving assets and not as currencies for what they were created especially bitcoin.
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You could use Electrum wallet as you could open plenty of new wallets within itself with separate passwords.
And when you want to convert those bitcoins in your wallet to fiat money and get it transferred anonymously to your debit card,i mean probably your bank account then you could use local bitcoins.com as there are still many traders there who don't want your id to be verified.
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Bitcoin has turned to be one of the happening investment commodities of all time. We so far haven’t seen any such commodity with much price fluctuations yet gain immense traction. A decade ago, you could really have purchased a bunch of Bitcoins for not more than a dollar. But now? One Bitcoin costs around 9, 000 US dollars. Still, there are people who are worried that Bitcoin’s price has reached its peak and investing now would be losing thousands of dollars. Sorry, I completely disagree. Wondering I disagree? Well, digging deeper and deeper only shows that the Bitcoin is just started to pick up its steam and will reach a value in the future that you can never ever imagine of. Please, I’m not the only one who is arguing that Bitcoin price will rise significantly over the years. If were to randomly choose a year in the future, then I would say that by 2020, one Bitcoin price would be somewhere between $35, 000 to $45, 000. You think I’m being too much generous? Honestly, the current available predictions say that these numbers appear to be on the cautious side. Various respected cryptocurrency consultants are predicting that Bitcoin will hit $50, 000 by the year 2020, a reasonable prediction. For further information about the future of Bitcoins please read the bitssa blog post. Link: https://blog.bitssa.com/the-future-of-bitcoin-prices/From where did you got this bitcoin price of 9,000 dollars as when I checked,its showing only 7,000 dollars. By 2020,d ue to halving bitcoin's price would surely increase but not sure about 50,000 dollars price. |
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In 2009,50 new bitcoins were created every ten minutes. In 2012 first halving,25 new btcs were created,in 2016 second halving 12.5 btcs were created every ten minutes and in 2020,third halving only 6.25 btcs would be created for every ten minutes. So whatever the price of bitcoin be now,just stay tuned and bitcoin price would face a big rise on 2020.Just 637 days more approximately. https://www.reddit.com/r/Bitcoin/comments/99v2tr/that_next_halving/ |
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Even though bitcoin has been criticized a lot that it's mostly used by criminals for illegal actions,i think that it has been over zoomed.
But speculators also could not be welcomed as they don't contribute anything for cryptos and just help to destabilise the market by price fluctuations.But the sad thing is that even criminals ratio could get reduced in cryptos but not the speculators and they would last till the end.
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Best scenario is that still it has not totally come under government s control despite their continuous actions thus seems to be a safe haven for its holders.
Worst scenario is that it's a wonderful technology invented to avoid intermediate bankers for payments but now almost considered to be just a high ROI giving asset.
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First of all you should know that mostly altcoins are just pumped and dumped.Before buying any coin,i would advise you to check its price history by analysing the one day,one week and of course one month chart so that you could get a clear idea about that coin.Don't ever buy a coin just on seeing its price increasing fastly as it could be getting pumped.Since you are a newbie,i advice you to stick to older coins are their prices are little bit stable than newer coins.
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Not everyone having coins could be termed as traders.Traders are a separate sector who in-turn have two sections,day traders and just traders who don't trade much frequently.So holders are usually long term holders who just don't mind about fluctuations frequently occuring in the market and even they contribute much for the stability of crypto coins prices.So don't ever say that HODL is not good.
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It's very hard for cryptos to become global currency as not all the people would be ready to accept the decentralised cryptos not backed by any of the governments.
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No one could exactly predict the bitcoin's price movement.Now bitcoin price is in the range of 6,000 dollars.I would advice you to wait for the announcement of bitcoin ETF approval and buy before that approval date as bitcoin's price is expected to skyrocket after that approval.
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We as supporters of bitcoin already know that it's totally a false allegation over bitcoin that it consumed the highest electrical energy for mining operations.Critics just want to target bitcoin by any means.Also even if it consumed higher energy,its not related to coal and mostly hydro electric power.
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For me,bitcoin bottom line seems to be in the range of 6,000 dollars as we have seen it falling from higher price but not below 6,000 dollars.
I think that bitcoin price would continue to travel in the price range of 6,000 to 7,000 dollars until bitcoin ETF gets approved as it seems to be the only possible option available to boost again the bitcoin price.
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Although Bitcoin exists for almost 10 years, its role in our life is still unclear. One of the theories states that Bitcoin was created to solve the problems which fiat money cannot overcome. We can see how so many Governments have huge debts and how some countries cannot support their own currency (Venezuela might be the best example now), so Bitcoin looks like a possible option nowadays. Getting rich was never the goal for Bitcoin. It was meant to become the currency of the digital world and provide an alternative to the dying economy. So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society? Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison. Actually bitcoin was not created to replace fiat and it was created only to provide a P2P platform for sending money instead of banks.But now,almost its traveling in a new track and has become the highest ROI giving asset. |
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Do you think but coin will reach $25000 mark this year and go beyond that or will it be one more typical temporary pump followed by the dump? Need your opinion guy what would be the value of bitcoin by the end of this bull run.
It seems very hard for bitcoin to reach such a price since bitcoin ETF has also been postponed.Just four months more for the year end.Bitcoin price is still struggling to cross the 7,000 dollars range.No more events upcoming like bitcoin futures for expecting a new ATH. |
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Has the Chinese population seen the impact of the trade war with U.S as much as some of the citizens of the U.S in some of its sectors? State Chairman Xi Jinping has used censorship on media outlets to hide of markets have been fluctuating following new releases of sanctions. But I haven heard about Chinese citizens being impacted by the trade tariffs. anyone have updates?
I hope that China is not a weaker economic country to face immediate effects on their economy.It has now grown into a super power.Also China has trade universally with many countries worldwide and not alone dependant on US. |
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I made a quick review of his drawings; it seems he is talented in addition to the fact that a large part of his pictures did not contain bitcoin QR which meant that donations were not one of the reasons for picking bitcoin "draw for bitcoins." I wonder why he didn’t sell one of his paintings here or on any other forum? He would earn more than 0.1 BTC. There are some talents that sing for bitcoin on YouTube How did the artist put the QR code on the painting? Did he also paint that one out? That interests me a lot since that is not a digital product or a printed one. check this to know how he makes QR code ------> https://www.instagram.com/p/BcZrSh5BPTq/?taken-by=pboy_artistHe might have not known about this forum to sell his pictures in the services section. This guy's activity shows that any one who is adaptable to new technology would get more benefits instead of being stuck only to traditional methods. |
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Bitcoin was created to provide independence from Government control to the users. But I think it is not so independent.
It depends on fiat currency especially the Dollar for it's valuation.
My question is ; we are measuring it's value in dollars. So is not it true that Bitcoin is dependent on fiat currency for it's existence?
Please share whatever views you are having.
Kindly correct me if I am wrong.
You are wrong.Bitcoin is valued in different currencies in the corresponding countries.Its mostly mentioned in dollars asvit could be easily understood all over the world and that doesn't mean that bitcoin value depends on fiat currency. |
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Already bitcoin is struggling to cross the range of 10,000 dollars and it seems much difficult for bitcoin to even reach its ATH price of 20,000.The only hope remaining is bitcoin ETF and if it gets approved,then we could see some bullish run in bitcoin price. |
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I got into the bitcoin again last year after losing all my 4.5 bitcoins to ponzi schemes early last year. I bought in bitcoin again at $20k. Now bitcoin is $6k+. I'm regretting my actions.  Its very sad to hear and don't know when bitcoin price would reach that ATH.As you said that already you lost bitcoins in Ponzi scheme,if you had researched a little bit more then you would have realised that such ATH price is only due to the launch of bitcoin futures and that it would not last long. |
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