at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
Yes there will be inflation but it is due to fiats that are unspent, since bitcoin is a currency, it will have its share in the total market share of different currencies, competition creates inflation but on the side of the banks and financial institutions and not on the commodities. Govt are just afraid of their people gaining financial freedom, they cannot control bitcoin so they are alarmed by using bitcoin and not their own printed currency which they monopolized for such a long time |
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"What if hedge funds buy bitcoin as an investment?"
"What if investors use bitcoin as a store of value?"
"What if bitcoin is used primarily as a currency?"
Bitcoin is not yet used primarly as a currency, and not much investors use bitcoin as a store of value. But in the actual market, the exchange boost the bitcoin price to the moon with new records every day. What's next with this crypto madness? Can we still discuss bitcoin as a Bubble?
Share your ideas about Bitcoin in the actual Market.
Bitcoin as percieved by counterparts as a bubble has been proven and answered many times already, it will not be a bubble especially now that bitcoin price has been undergone correction. Take a look at the trend for the past2 weeks, there are crazy ups then the big dip comes next, corrections are essential to prevent bubbles. |
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Bitcoin is a great invention of mankind, we can say that this is the ninth wonder of the world.
You may elaborate your comment more, we all know that bitcoin is special, for you to call it great, give some instances or applied effect on your life using bitcoin. It may serve as a great tool for people who are still trying to figure out what really is bitcoin. |
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If you really want to earn or make it big in trading, you must have strong will and determination to hodl your coin for long term goals. Panic selling are for the weakest investors who are just speculators, the tend to react when the price of bitcoins are going down. Afraid to loose but end up big losers, since volatility of bitcoins are very much present nowadays. If you hodl for a longer term, each drop will be paid off when the right time to sell sets in.
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Usually they recommend you to diversify your investment, so you avoid losses.
But as a real approach, having $1.5k, would you invest in how many cryptocurrencies ?
What if I invest little by little, only in Bitcoin, would that work as well ?
I think you got it wrong. Diversification should be done in different area of investments. So let's say you have bitcoin or altcoins, to be able to diversify, you need to invest on stocks, or real estate of even gold. That is what we call diversification. It doesn't necessary mean you have to diversify with other crypto because we all know that every altcoins has correlation with bitcoin price movement. I like what you have pointed, all atcoins and other cryptos are very much dependent on bitcoin, diversifying on different coins is like having multiple business with the same line of business, all are partakers of the total market share, which likely will affect the profit. Is is recommended that if we want to diversify our investments, invest it in diffrerent types or lines of business. Same goes with cryptos, but 2 to 3 coins maybe will not hurt you. |
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it is deemed necessary for any exchanges to kyc, it is somehow stated in their country's law on remittances as per central bank, it is a sort of security measures to control remittances being transacted, just like here in our country, all remittance centers are issuing identification tags or cards if you are to receive or send money elsewhere in the world. i think that was the same when it comes to crypto exchanges, anonimity ends when you deal with 3rd party exchanges.
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creating currencies by their own government is like ICO, they need it to be listed in exchanges, so it is possible to do, especially if that country has more funds and assets to sustain the market demand domestically or even internationally, it must be well- funded and should penetrate the market cap.
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Do the government can not make a regulation to impose the collection of tax to cryptocurrency as billions of dollars passes everday to the users and investors who transact that huge money then it should apply to the users who do bitcoin transaction. This can make possible to the government if they pursuit a laws that addresses the cryptocurrency users to be taxed.
Actually they can, backed up by laws on tax on revenues. When a transaction on exchange sites commence, there are fees, those fees are subject to tax already, but it will be on the part of the exchange sites and not on the part of the individual bitcoin users. Fees being deducted to the account users, tax deducted from the site. Too bad, tax are passed on the consumers thru high fees. |
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I am of the opinion that we don't need any kind of TV commercials or web advertisements but we as a user on the individual level can always explain Bitcoin and cryptocurrency to at least a single person in a week. A few months ago I had a discussion with the vice president of a popular domestic cryptocurrency exchange from my country and he said that not even a single staff from his sales department recommend anyone to buy Bitcoin directly or indirectly, they just help others in order to understand what cryptocurrency is all about and they assist the person if the someone is interested in buying cryptocurrencies.
Well maybe that depends on your country where your govt is open to bitcoin, but still , we needed to give more interesting things about bitcoin, the guy you talked to was simply saying their sales team is not directly recommending someone to use bitcoin because they dont want to be biased because there are many other crypto like eth they are also catering. |
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I thought i was reading a christmas wishlist, though your optimism is a good booster, we cannot be too complacent, we should consider many factors like the market share, we all know many altcoins are lined up at ICO, lots of altcoins are popping out, they too can affect these positive forecast of yours, but who knows, maybe you are right after we come to that day, besides, history repeats itself. But for it to happen, maybe we should start to hodl now.
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Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!
Well, not every trader in the market are well knowledgeable about the market price and they tend to sell their coins at the lowest price if their coins is dumping because they are panicking and afraid to lose a huge amount of profit but they did not know that they are only making the situation to become worse. More traders who sells their bitcoin when the price reached low are speculators, who dont have a longer goal in investing thus creating this unstable market price, if we are to get rid of this speculators, then i think we can have a chance to earn more. |
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The fact that the market seems to be recovering and prices are going up does not mean that the prices are going to keep going up. It can just as well start back down as easily as it started back up so don't start celebrating yet and just wait to see what happens. Although I am happy seeing prices like this now I am not jumping up and down because I know anything is possible. Let's just pray for the best.
That's the point we cannot determined if the market will goes up. I think were early to celebrate because of fluctuations but hoping market would stable to go up. Everything is possible so maybe in the days will come market will goes high. That is the problem with people, a slight increase signalled to panic sell, they celebrate early, to think this is just a pump, and we must not be early to withdraw small earnings and not thinking a longer term. This increase in price is the result of holding bitcoin for the past two weeks, rather than selling on a short period of time one should hodl more. |
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btc has surpassed 20,000 from almost a year ago. This year with market changes, Is it possible that btc has surpassed this record?
We cannot base on last year's trend, though at some point it was helpfuli if we read the history, but since bitcoin is so unstable right now, even minutes matters, and based on the total market share of bitcoin, climbing to 20000 seems uncertain. |
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Hi there,
first off - @admin, Iīm not sure if this is the right forum category, so please shift if unadequate!
I wanted to know why big companies like Microsoft, Paypal, Overstock and now consulting firms (with PwC HKK) accept BTC as a payment method? Regarding the latter, itīs due to increasing cooperations with start-ups that operate with BTC as main payment, but regarding the others?
From my point of view, companies with sizes like the above mentioned (refering to cash flows and generated income) are normally risk averse and therefore it seems counter intuitive to me to accept BTC as a payment method due to its heavy volatility.
Moreover, not knowing how regulation might influence the outcome for BTC is another argument for not accepting it?!
This leaves me with only one (rather) simple solution, which is that they are convinced of BTC price rises (in the short-term at least), or even a bit more fare-fetched that they are convinced of BTC as "the new digital currency" or similar.
But thatīs not plausible for me!
Does somebody know how much BTC Microsoft or the others generate with the exchange of fiat to BTC and vice-versa?
Can someone please help me out, itīs really grinding my gears Huh Huh
Thanks a lot Smiley
The popularity and population of bitcoin is growing by the day thus businesses worldwide are now accepting it. They are also coping up with the advancement of new technology that is why they are adopting it. May i add, big corporations has the capabilities to fund these technology, they have huge assets to level with current value of bitcoin today, unlike small merchants who has limited funds, plus, you are right they can read the trend based on popularity how bitcoin will be more beneficial for them in the future, they have long term goal as far as investing in bitcoinis concern by accepting it as payment. |
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I was talking with a friend of mine about cryptocurrencies and he said: "Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money.  " Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions? Most people still believes on fiat money, because it still is the best way for transaction. Bitcoin offers alternative payment system that companies or stores can use for their customer's convenience. People who refuse to believe in bitcoin's potential are people who have less or no knowledge about bitcoin. They got used to conventional way of transactions and feel more safe about that. Just like you said "Nothing on the internet is anonymous" meaning some people have the same mentality as yours so they choose not to trust bitcoin. We cannot blame people for not trusting bitcoin right away, but If we are to put this in statistics, based on january 2018, bitcoin users has grown up to 40% of the total population, i dont know if it is true but if it is, only 60% are still ignorant or has no knowledge about bitcoin, it is based on the bitcoin users mapping in this link i have read, we are now on the end of this quarter and i think the stats has climbed up. Here is the link : https://www.zerohedge.com/news/2018-01-16/mapping-bitcoins-legality-around-world |
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As far as bitcoiny is concern, in regards to your question, i think you should have the capital you needed first before you invest, ideas comes next on how will you spend your profit, where would you invest it again, but if you are asking in general what is more important with those two, aside from investing in bitcoin, capital and ideas are the two main factor if you want to start a business, they play a big part in your decision making.
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Bitcoin is not intended to lift up the economy, nobody can save it, not even the riches bitcoin holder, the present economy is a product of a domino effect from which bitcoin cannot stop, what bitcoin can do is help an individual to survive that poor economic state, by giving the opportunity to earn without the control of their govt.
Tax is the main reason why a country suffers from economic downfall. Since bitcoin is decentralized, bitcoin holders are breaking free from that barrier, that is how the wolrd works, nobody can stop poverty, each person must survive it by themselves.
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Small amount going to make small profit, but if that is the amount you can afford to lose then go for it, the bigger is better for investment and there no limit for investing, it is just the amount you willing to spend to look for profit.
we can always start as small, maybe we can re-invest the interest earned until we reached the desired principal, big capital is hard to produce unless you are rich, that is why rich people get richer a hundred times than the small time investors. lucky are those who has a huge capital to invest. |
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i like your positivism, based on the trend today, we cannot really predict whats gonna be the price in the future, the end of the year for that matter, as bitcoin is highly volatile these days, altcoins are beginning to bloom and other cryptos too, but you optimism may help boost overall vibe of holders towards trading.
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