I think its a defense mechanism of the people or mindset of the people. Most of the time if you're the one that's been approach and contacting you even though you don't share your contact I think that is scammers most specially if that someone is not related to you or complete stranger. But sometimes they are some post in Facebook that we can't resist on that post making us curious not to ask, because showing opportunity, a life changing opportunity that might be possible. I think we need to be aware what to ask, or steps to follow to ask the right questions that will lead us that it is a legit one. Better do research and do the necessary checking to be sure that I will not get scam.
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For me I do believe Bitcoin has shown to be a powerful digital currency. The future is blockchain. Very useful for trading currencies internationally, an interesting asset class to store value. All I have to do is to wait for the right time to sell.
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Why not will it not be in demand cryptocurrency features is desirable. Were people have slowly been catching on to these items, which eventually has led to an increase in price. As this price increase has in turn attracted people who are interested in cryptocurrency from an investment perspective. Probability of people or the vast majority of market participants are just speculant. Were do not buy BTC to use for transaction, but rather they buy it as an asset to make the profit out of its rising price. As they keep it under pillow and wait for the right time to sell.
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Because the global economy is inevitably moving towards a digital eco-system. From investment to money transfer, everything is going paperless. Who doesn't want instant settlement, where all we need is a smart device, an internet connection and instantly we become our own bank making payments and money transfers.
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I think this will help you if what investment you will choose stock market or Bitcoin, here are the things that they are alike. They have the same profit-making capacity. Investing stock markets it requires a lot of patience as making a considerable amount of profit on your investment. It is a slow process and might take a few years. While Bitcoin is famous for its volatile nature as there are massive swing in its value, and this takes within a small period of time. In terms of Global reach Bitcoins have no borders as they are accepted in over 180 countries worldwide. Bitcoin is global in nature and easily transferable with incredibly low transaction fees. On oppose to this many traditional investments require formal accreditation. Limited to qualify institutional buyers, there is an invite high trading fees. By supply Bitcoin it can never be created beyond 21 million in number. Since it has a limited supply, the more users of Bitcoin it will have a steady rise in demand for Bitcoins. On the contrary there is no such limitation imposed in the share markets which ensure a predictable trend between demand and supply. In terms of risk they are the same in the case of the share market. It is all base on demand and supply. The difference is stock market is safe because government backing. While Bitcoin belong to decentralized network. When it comes to trade stock markets take away considerable amount of investment as trading charges, brokerage charges, taxes, etc. To start trading on the stock market, if it’s convenient to you, you have to find a registered broker to start a demat account. On the contrary, buying Bitcoin is lucrative, with its minimal transaction fees. These transactions are clean, fast, transparent and non-reversible transactions. All you need is a Bitcoin wallet and ensure you give the right wallet addresses while trading.
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Tax cuts and tax rebates, I think this will contribute. By this more money back into the pockets of consumers. Doing this consumers can spend a portion of the money at various businesses' revenues, cash flows and profits. These include more cash for businesses resources to procure capital, improve technology, grow and expand. On these action increase productivity, this grows the economy. Other than that I think it will be good is to require unemployed workers to volunteer. As they encourage unemployment by rewarding the unemployed. Research shows the longer the unemployment payments the longer the jobless stay jobless. Doing this, shortening the duration of unemployment insurance and requiring those receiving checks to volunteer at a non-profit, both parties can benefit. Contributing to society, they can gain skills, contacts and references. This will help them successful in the next job as they attain and in turn.
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I think this depends on the country that your living in. Here in the Philippines bounty campaign can support the needs of a family because cost of living here is low. Better choose right bounty for your need. Advise is be careful in joining. Research first. There's a tendency you might enter in a scam.
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Yes there will be a decrease. A single disaster may wipe large parts of business or even small enterprises. In return this will affect also large companies relying on local suppliers. Possible there will be a large sell out on a certain area that has been affected by the one hit by a disaster that may affect Bitcoin economy or internet maybe down where contributors of Bitcoin might be affected.
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Risk is always present in every investment and evokes negatives images. Its like placing bets on a long shot or traveling alone to unfamiliar places. We may think about losing our life's savings. Risk comes in many forms and this will affect our financial goals. We need to find the key to dealing with investment risk and learn how to manage it. We need to define the probability of an actual return on our investment, they are things that we need to look at like market, interest, inflation, credit and etc. These are the things that we need to look at and need to consider before entering in a certain investment.
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First I have to have money. For me this is the most important thing that I need to have before entering investment. Maybe a good way to earn is buy and hodl Bitcoin. Set my mind to a long term investment. Next would be trading, enter in a company that will benefit my investment. Then lastly would be Real Estate to became a landlord.
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I think yes. China's contribution is big in Bitcoin industry, using it for transacting property in the US. their contribution is big. But it doesn't mean that their contribution will not bring back Bitcoin to its highest peak as we see right now even without their contribution Bitcoin is getting back to its shape as new investors comes in. Not impossible by the end of of the year Bitcoin price may reach $25,000 - $30,000. But who knows China might come.
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This will affect the poor people and small businesses relying on cash. As we live in a world that distribution of wealth is concerned. My worry is that a cashless society may exacerbate inequality. It is better if people are making this choice freely.
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I think that would be difficult because we belong to different country and our currencies are base on the country itself. But for us Bitcoin users yes this is our primary currency where when it comes to Bitcoin we become one. I mean whatever country we are in we are all alike when it comes to Bitcoin.
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Because it is a good asset investment. It has great expectation of capital appreciation. This create a long-term capital appreciation better than common stocks. Owning your own stocks of Bitcoin gives the investor a stake which is can be claim on its future earnings. We have a saying that something we to deliver today is not to be passed tomorrow. Late is too late.
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I think it is impossible because we have different economic and political systems, it will not allow the laws of demand and supply compensate for the change in purchasing power of the currency in one country as opposed to the other. We also need to consider the Universal Central Bank, to make a singular currency policy for the entire world. Which is impossible to do for all countries and all banks, we have to keep in mind the inflation situation in all of them. Currency is a part of a country's identity. But to Bitcoin yes. We are using one currency even though we are on a different country we are using single currency and this fix something that isn't broken.
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For me from $997.69 at the start of 2017 and hit $19,000.00 by December 2017. The appreciating value is high. By just simple as buying and hodling it for long time I get big return by the end of the year. This does not include mining and trading. How much more if we sum that all up. By this, Bitcoin is worth it. Not only that as Bitcoin appreciate and reach $19,000 last year, people are more motivated and curious about Bitcoin. Through this effect, demand on Bitcoin risen up as we have limited supply of Bitcoin.
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Bitcoin still the king of cryptocurrency and Ethereum is the queen. I think Bitcoin is already stabilized where value of it does not fluctuate anymore but the value of it is incredibly high. Something that you will feel sorry why I haven't invest in it before.
Big change of life.
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Yes agree. Digital gold. Since its digital world its the same use for gold investment. Having a limited supply of bitcoin is having a big value. Same characteristic. Just that the difference for me bitcoin is much easy to use by the touch of the finger I can use it. Compare to real gold I have to change it first to fiat before I can use it.
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I think there is a possibility that cryptocurrency will hit 1 trillion dollars by the end of the year. Where as of now we are at $587 Billion currencies and still dominating and almost half in the year. There's a possibility that we may hit $1 Trillion market by the end of the year.
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