I am fairly new to the crypto world. During my short time, I have contemplated how crypto will go down over the next few years.
Slowly, over time more regulations will be adopted worldwide. This is not because regulators are scared that people are getting scammed, but because they will start limiting this world from us small fish so the banks and "qualified" investors can tke over. All the large banks will then push their own crypto, and we will be left with nothing.
In my opinion, it is in our best interest to gain enough profit so we will have the funds to become qualified investors, and be able to re-enter the markets through the banks exchanges.
What does everyone else think? Do you think the big fish will continue allowing us to do trading long term, or are our days numbered?
big fish feeds on small fish like us, they need us in this system, they profited thru us, our speculative selling, impulsive buying are part of the traffic that runs this system. we cannot over run the big traders, investments wise, we are just pinching some of their wealth. and it will continue to be that way. unless you make it big and become one of the big fish. |
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what if the top 6 coins on marketcap is worth 1 trillion each by 2020? where would that put us at? is 10,000$ invested make us a millionaire yet? lets say new york turns into a blockchain city and chicago turns into blockchain city. they start investing we see coins in the trillion. this is where i see the market going. just thinking ahead and the future.
that would be impossible to reach that price of each coin, remember, for a coin to be expensive, there should be a high demand in the market, if no one will sell bitcoin up until 2020, which is impossible because of the holder's impulsive behavior in trading, then maybe the price in 2020 will soar high. you have to consider the volatility of bitcoin. who would buy expensive bitcoin? no buyer means no selling? |
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everything online is vulnerable to hacks, for small time bitcoin holders this is not much of an issue, but maybe the million worth of account is, these social medias are based on our own preference. ads are the results of out online history, just like in facebook, our data is being collected for the purpose of future online ease. it was intended to assist human, what we click has millions of probabilities that describe what kind of user are we, based on our emotional and and interest, that is why think before we click.
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funny, you've answered your own question nicely and neatly, since bitcoin is in digital platform, being outdated is so impossible, it is an ever evolving platform. first, bitcoin was intend only as a digital currency, limited only for online purchases only, now it is as good as fiats, blockchains are being developed to shell out bitcoin's full potential, as what we are enjoying right now, it can give us the chance to work or render services paid in bitcoin, it can be use as payment for utility bills, send P2P, and so much more. though many altcoins are being developed too, bitcoin will remain to be the best among them, no other crypto currency can beat bitcoin. even fiat currency cannot outdate bitcoin, since fiats are limited per international laws and exchanges, bitcoin is digital, so there are no international laws barrier. as long as bitcoin is accepted by a certain country.
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bitcoin relies on the principle of supply and demand, just like any other investments, the bigger the demand, the higher the value, inflation takes place when supplies are high, but there are no buying activities, panic selling is a result of the downward trend, thus, it creates more drastic downfall if we contributed to the holders who sells immediately when we encounter a downward trend. what we should do is either hold or buy more bitcoin if the price is going low, it is actually an opportunity to buy more bitcoin at a lower price, when the price fluctuates high, then that is the time to sell.
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there are always risk on investments, it is a part of investments. even bounty has risks and even airdrop, you risk your time on bounty, being in bitcoin is not an easy money, you need a lot of patience, dedication and hardwork, all of these are risk you have to take.
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Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
your criteria are too much, dont push it, $2,000,000 a coin??? seriously? the price of bitcoin is dependent on a real time traffic of demand versus supply, who would buy bitcoin with that price? bitcoin today has proven its long term value, from the day it started up to this date, for sure bitcoin will increase its price from time to time but you have to consider the market share of altcoins and other crypto in the future, you can rest assured that bitcoin can be relied on even for a long term. just trust the system and read all the graphs and read the market. |
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this will be a boost for altcoins resulting in a slight decrease on bitcoin price in the total market, depending on ICO and buyers who will invest on alts, trading pairs can affect the market shares not for bitcoin. the question is, which alt will last or sufficient for the demands and will garner the same criteria to pair with bitcoin.
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Illiteracy is the cause of poverty. We know a cup of coffee (Starbucks) = 20 notebooks, or a school bag, or two pairs of slippers for poor children in Vietnam.
bitcoin has so many potential in terms of improving one's economic status, may he be rich or not, illiterate or not, maybe not directly can help, because cryptos are only intended for digital use unless it was converted thru exchange sites, what bitcoin can do is to gather anonymous donations to non-government agancies that caters the poor. maybe some bitcoin users with a big heart can convert their bitcoin and donate it to some institution. there are some sites that accept bitcoin donations though, like bitgive.com |
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i think not, bitcoin will never be banned in the philippines or in any country so to speak, unless a country is a communist country, but if it is a democratic country, like ph, people have the right over their own money and finances. even a huge money was scammed, it is not a basis to totally ban bitcoin, that is why they are planning to regulate bitcoin transaction to avoid this kind of pyramid scams and unsolicited form of bitcoin use, and to clear things up, bitcoin itself is not a scam, the problem is the people who took advantage of stupid people who believe they can get rich for riding on someone's personal investments.
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EU is working hard on privacy, blockchain and cryptocurrencies. With regards to this article, I think they want to track activities mostly for tax purposes. Terrorism is just an excuse: terrorists are much more likely to use USD or EUR than crypto
agree, most governments are eyeing on bitcoin as milking cow, and not just to get rid of illegal activities that uses bitcoin transaction, they tend to regulate it by tracing the user's wallet, though they cannot trace them in blockchains, so they are now focusing on exchange wallets, which is more less anonymous. just imagine how much tax revenues they can milk to millions of users worldwide. |
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Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
Bitcoin is not immune to hacking. We should keep in mind that all online activities or websites are hackable. This also applies to your bank account if you have enabled net banking. In fact a friend of mine( who is a security researcher) found a way to transfer money from one bank account to another using the official website of a leading bank in my country. The bank officials simply got the bug patched and told my friend not to mention this anywhere. Same way there are security loopholes on all bitcoin exchanges as well. it must be too scary to know this kind of hacking thing, let us just hope that even hackers are trying to hack bitcoin, bitcoin should develop its security too, with all that money, every hackers are trying to figure it out. the best thing is the algorithm of bitcoin system, it is anonymous. where will they find from millions of wallets are to be hacked and whom account has millions worth of money. scratch your head and give up. |
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first of all, it is impossible to reach the limit of bitcoin supply, do you mean all the supply of bitcoin is already bought by users? even it only reaches half of the supply, the price will certainly very expensive as the supply decreases, no one could afford to buy the other remaining half of the supply, so definitely, it will not reach the limit. these changes in supply and demand creates traffic we called trend, that dictates the current price of bitcoin, even the slightest increase in supply will drastically creates panics from the holders, it is on a regular basis, so no chance of reaching the limit you've mentioned.
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investment is another word for experiment. we tend to gamble with the outcome of putting money on bitcoin, it will definitely not going to be a bubble as long as bitcoin can be converted into cash which can be use to purchase online, having millions worth of money invested on bitcoin seems serious to me, having users around the world seems serious to me, the fact is, bitcoin today is not just an investments, but a potential financial power of an individual users with freedom on how to spend it and when to earn more from it.
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those are the ones who has invested only for shorter terms, they sell quickly after a slight upswing, mostly testers and curious traders who speculate often after a slight movements, they create this crazy trend. more small time holders sell often, many ICO are popping too, somehow affects the market price.
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I watched an interview of Tim Draper last night ( view here) where he explained how important it is to not turn everything into a costly legal battle, which will definitely curb down the potential of new projects and services that can't emerge because of this, and thus not be able to positively impact the internal economy, which I completely agree with. Goverments should differentiate between the plenty of different aspects of this market. You can't just regulate the entire market in the same manner and expect it will be sufficient; the only thing you're doing is harm yourself as country, which is why I am happy that there are open minded countries out there looking to stimulate further growth. Freedom as stated by Tim equals wealth, firm and unfair regulations stimulate poverty. I also like how he points out how Bitcoin is somewhat of a regulation itself, but then in the way that it regulates governments that will now have to compete with each other to offer us, the people, the best of the best. It's no longer we are operating at mercy of the government, but the government operating at mercy of the people, which is exactly how it should be. Almost everything he points out is spot on. i totally agree with Tim, regulations will only stimulate poverty, freedom creates growth, thus, regulating bitcoin as a whole seems overrated, governments must focus only on the third party sector that is prone to scams and fraud and also affects users on their anonymity. bitcoin's system has efficacy, full of potentiality to build economic stability. |
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Here is a 3 Reason why Bitcoin is still good for Investment.
1. Bitcoin is Better Investment now than it was in December
the Main Reason for this is the Technology Around bitcoin is improving. A lot of the Naysayers were Attacking the fact that Bitcoin has scalability issues
saying that Bitcoin is Expensive and it can never be in world Scale.
But now with the Lightning Network we can do a transaction Off the Blockchain "it Means Bitcoin is Officially Off the Chain".
2.Because It has A Regulations
Regulations are good to Bitcoin.
3. There are more Places than ever to buy Bitcoin in using Fiat Cash
Robin Hood, a stock trading Platform.
Source: EBIT NEWS
By the Tradition media mentioning Cryptocurrencies Everyday
Makes me believe that Bitcoin is going to continue to rise even though we are still on the Deep .
may i add volatility and being decentralized cryptocurrency, volatilty is needed to create traffic, the unpredictable price fluctuations makes bitcoin a more income generating platform that traders enjoy, being decentralized makes it more secured and free from monopoly. no such governments can regulate bitcoin. |
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im one of those believers that bitcoin will survive,the price and value of bitcoin will increase as time goes buy,even if today the price is too low and not stable,the speculation of others it will pump up in the middle of the year just like last 2017 bitcoin hit the value 1M.. so its possible to hit another 1M or maybe double the price,just stay calm and believe in bitcoin..
if you planned to stay in bitcoin, you must believe in the system, price is dictated by demands, therefore there are no clear scenario that it will continue to climb up. but being optimistic makes some readers also believe and hope for a momentous hike of bitcoin price just like what happened last december, we need the price fluctuations to get people in buying so we need also the dump of value of bitcoin. it is not always good if the price is high. no one will buy if the price is fixed on top, of course, bitcoin will always survive after a sudden drop, it has survived before and it will survive again and again as long as there are buying and selling in the markets. |
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