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I don't think governments care about Bitcoin that much as it represents a very small number of users and market cap, when compared with global markets... I think they do want to have the possibility of control but they seem to be more interested in developing their own government controlled cryptos... let's not forget that people will use what they are told to use, and a government issued crypto would have a user base and market cap that would obliterate the whole crypto market in an instant...
In my oppinion BTC prices are under whale control, market makers that hold tons of BTC, most of them being early miners... these guys just take advantage of the flow and keep on getting profit...
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I do not like KYC because of several issues, namely the lack of valid assurances on how your personal information will be used and the warranty of safe storage of that same information (current internet is not safe at all), all this besides the obvious privacy issues...
I think that distributing previleged personal information around like copies of ID cards and such is crazy mainly due to the first two aspects...
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funny to see how these old topics are still actual, people are always looking for someone to tell them what to do instead of doing their own work... how can someone trust it's investment to the oppinion of people on a forum... the same people that are also dealing with crypto?... crazy huh...
The first thing to do will be to study, and study and study again.... and also get prepared to fail most of times... high profit investments do exist but they are hard to find
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I think that although theoretically Africa would be a good place to start crypto adoption, there will be a major issue there... lack of technological infrastructure... lack of electrical power, lack of network, etc, etc... people are just trying to survive in a lot of places, so giving them phones, network, electrical power and knowledge to work with all those tools seems hard....
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I think it is natural that people are not willing to invest in such volatile asset, it is true that it can get higher as well as lower, but at this point I honnestly don't see it going sky high because scalibility is not looking good and as such, useability will also be tackled... and there are also the threats of countries national currencies... I really wish it would sky rocket, but unfortunately it doesn't seem to be going there...
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I believe it is possible if everyone start using it and the network grows exponentially, market cap will be huge and fluctuations wouldn't be so pronounced... but at this point, there are too many bitcoins in the hands of too few players and the fees and network capability will make an escalation very hard to acomplish... let's hope for lightning network and a bull run that redistributes value
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I think that after a big loss you should take a deep breath, and consider it exactly how it is (a loss) and move on, never try to regain the value that has been lost by gambling because this will eventually lead to more loss and complete desperation... a good trick is to think about this loss like when you crash your car and have an expensive repair ahead, or when your girlfriend runs away with your money... you just have to move on and think about other stuff...
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That is a question that is asked everywhere... in my point of view, besides the investment costs and maintenance and equipment choice, the most important factor is the power costs, so unless you are ready to invest both on the mining equipment and also the renewable electricity farm equipment (or if you are among those "special" cases in which electricity is really cheap) you'll have no chance of mining while paying a heavy power bill every month... I think this is what makes a lot of people quit their mining investments...
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I think that BTC is not passing the 10k level because it isn't being able to grab enough external investment... the price behaviour is too similar to a bait on a hook, waiting for the big fish to bite and then pump the price... I guess that the world economics is not helping either
As for the hash rate, it has never been higher (statement considering values before the halving), and it has been growing for a long time... as for the price we can't say the same... the hashrate is undoubtedly important as the network health and strenght resides on it, but I don't think it can easily affect the price unless we see a large increase or decrease that might lead to FUD or FOMO
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I think that the key is to apply wise judgement, and don't fall into blind negativity or optimism... this is how pump and dump schemes are made (for example) as people loose their racionality and are not able to think anymore...
We always need to be calm and don't go into fud or pumps...
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It is true that the best way to learn is through experience, but according to your OP, people will become either winners, or end up bankrupt  we can't ever forget that we are dealing with money! And people should only use the amount they can afford to loose... but it is also true that presistence is the key to many things... just have to be wise while trading |
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This is definitely a very interesting subject... while the printed bills of USD grant anonimacy and have been widely used for illegal purposes all over the globe they are physical and as such they are much easier to control than a crypto currency as you need to carry them from one place to the other in order to preform a transaction... this is maybe why governments are scared of private crypto as they might very well get out of their control ...
I think the future will bring something similar to what Beam was trying to acomplish while working with the japanese authorities, a private coin in which you can still have some kind of choice concerning the privacy level or some auditability...
I do not believe that privete coins will vanish as privacy is one of the most important things for humanity... people just forgot about it...
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By now we know that this halving was not similar to the others... BTC is just floating around the same prices trying to grab some external investment that doesn't seem to be pouring in... I think that if the billions of USD don't come in, the price will eventually fall...
We also have to think about the expectation of the several new national digital currencies that are being prepared as this definitely lowers BTC importance
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I think the problem is that bitcoin price is controlled by a bunch of whales and they tend to do just the opposite of what eeryone is thinking... in my oppinion the halving was a double edge sword, on one hand everyone was expecting the price to go up, so everyone hoarded BTC expecting to make money (so they would bring the price down), but on the other hand we are just comming from a bear season in which these guys filled their pockets with low price BTC and the halving presents a good opportunity to get some attention and grad some external investors... but these don't seem to be comming in
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I think that this is another step towards general use of crypto, everyone that will buy the S20 smartphone will know about that wallet, even if they do not use it, or if it has some risks associated with it, it is still good news that a giant like Samsung bothered to include crypto on their top-line model...
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Another one from the "great" McAfee... after all the paid support he has made to several ICOs, he called all ICOs scams... and this is just the tip of the iceberg, the guy has the deep need to be on the spotlight, and he earns money from this... In a certain way I admire him and his anti-virus saved me several times back in the 90īs, but after so much crazy stuff I just can't trust any of his projects |
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I have no doubts that the price can and is manipulated, and those whales are also owners of large mining facilities powered by renewable energy, making things even easier, they spend money pumping the price, but then they have a huge profit selling most of their BTC at crazy prices, only to buy everything back dureing the following bear season...
people speak a lot about economy and charts, but in such a small market as crypto, that just do not apply... whales send a signal, the chart gurus spread it around, then whales play with traders and get profit... the cycle of BTC
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Like you have posted on the OP, there are several sides to this story, in my point of view airdrops are in general worthless, because even if you get your tokens without any scam or side fee payment, either the amount is really small or the tokens will never be valuable...
Of course there are exceptions to this, but from all the airdrops I've participated in none of them gave me any worthwhile value, the only valuable airdrop was from stellar last year and this doesn't qualify as a regular airdrop as it is a top-100 coin...
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#PROOF OF REGISTRATION Forum Username: dentolas Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1236199Telegram Username: @dentolas Participated Campaigns: twitter, medium, signature ETH Wallet Address: 0x6b8933789610141Ac92114524aC3eccF0aa0393e TRC USDT wallet address: TJUgYsLXts2ywp3PVKSR8Wb4Gp45cYjxfs (edited) |
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