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AUTHENTICATION POST #JOIN Twitter username : @esthcrypto Twitter profile link: http://www.twitter.com/esthcryptoTelegram username : @Estreel01 Reddit username: Estreel Reddit url:https://www.reddit.com/user/estreel |
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The word "if", poses another question which is " why would people stop buying Bitcoin",just trying to see situations that could call for people not buying Bitcoin.Some factors could warrant buying to drop to a certain level but not a complete scenario of people not buying.
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It's a buy time! the recent decline represents a buying , with one simple rule. Buy Low Sell High , If I want to make profit then i will buy and forget.The reason people fails to get the most out of their BTC investment is that they are scared of a price drop,hence they sell all of their BitCoin.So when you buy you will need to have a lot of patience and wait for price rising. It is more likely to happen in the coming weeks.Though I wouldnt advise anyone to put all their money into the buying.
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It is a scarce digital commodity used as money by millions around the world. It's been used as a means of payment in some countries.Bitcoin is a virtual currency. It doesnt exist in the kind of physical form that the currency & coin were used to exist in.So I would say since Bitcoin is used as means of payment though not generally accepted.
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Bitcoin investments can be taxed as a capital asset, to properly pay taxes on an investment in bitcoin, you'll need to wrangle some information from each sale you conducted over the last fiscal year. This includes the basis for each amount of bitcoin you sold, the date you bought it, the date you sold it, and the price at which you sold it.So its possible if it's allowed to stay,but it's at the disposition of the investor.
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Saving Bitcoin is best for those who think Bitcoin value will rise over time because it actually will and therefore want to get maximum gain from their coins. Though this is a great way to put your Bitcoin to extra use by saving it and earn more,but I do not advice you convert all of your money into Bitcoin and I will also say while you save ,you should also try trade some alongside.
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The Bitcoin features can make some believe that it will be a main cryptocurrency for the following reasons. First of all, Bitcoin is the currency of the internet and unlike real money, Bitcoins are issued and managed without any central authority whatsoever. Second, for this reason, it is more resistant to wild inflation and corrupt banks. Third, over the years , Bitcoin has consistently risen in value though at a fall at the moment, but they believe it will rise ,thats surely what makes people have faith in Bitcoin.
One thing should be noted people who believe in Bitcoin the most are people who invest in /want Bitcoin.
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Bitcoin is not supported in several countries because the governments, firstly forms a currency. They like to control the currency. They control it through the central bank and this is impossible with Bitcoin.
The government through the media puts the panic across to investors, for instance, the Russian central bank previously said such currencies were used in illegal operations, such as money laundering, and promised to crack down on the instrument. referring to Bitcoin.
Some other media also reports "Bitcoin is not a legal tender of any country. Any transaction through bitcoin or any other cryptocurrency is a punishable offense,"
Another is "claiming that virtual currencies are often linked to money laundering and other illegal activities"
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Saving bitcoin for my children is a very good idea because it can guarantee the child's future, but i would not just rely on bitcoin because the value is not stable meaning that I would not put everything in bitcoin because of the instability or better still I could be trading with it and saving fiat currency.
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My opinion on the fall of Bitcoin are partly the result of continuing fears about regulation, as well as anxiety provoked by a series of high-profile thefts.However, there are serious fears that bitcoin has created a bubble that could burst at any moment. Also, we have numerous financial experts which advised potential investors to avoid getting involved with bitcoin, and the SEC has told people to exercise caution and be wary of scammers,all these media updates contribute majorly to the fall.
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Yes, bitcoin are usually converted into cash using the different exchange platforms,although the price of bitcoin differs per time .There are several ways to do this, but the best possible deal is putting your bitcoin for sale on a peer-to-peer exchange or marketplace and then waiting for somebody who is willing to buy your bitcoin from you at your price and for cash.
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Firstly, since there are no some kind of centralized rules like age restriction in Bitcoin,I strongly believe that the old people can be taught about Bitcoin,though it might require extra time to pass the message across and the acceptability from them might be quite low as some of them will insist on their old way of doing things not welcoming any change.
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Banks have so much fear for crytocurrency because it allows people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank. Of course, banks generally charge fees for doing anything with money, even just holding on to it, because the banks have created a level of trust that transactions pass smoothly and everything is recorded and accounted for correctly but it will be impossible for them to make this charges with cryptocurrency.
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Well, I think it is unlikely that conventional currencies are replaced exclusively by Bitcoin,but the acceptance level of bitcoins and other alt-currencies will rise to great levels.As more and more people accept it lot of websites starting to accept and countries officially accepting bitcoin the usage of conventional currency will get lower with time,but this is not going to happen too soon.
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#Join
Bitcointalk username:Estreal
Telegram username:@estreel01
ETH address:0x983190429638de4AA89831A8B2D75aF36FeE4FcC
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It's actually a personal decision but there are couple of things that can help make or influence that decision,most importantly is the need to make proper findings and enlightenment of Bitcoin and also to go steadily and not see it as a quick money making venture.
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