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361
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Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Gold? Which one you would choose to invest for long term? Why ?
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on: October 19, 2019, 09:21:10 AM
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Gold and bitcoin good for investing if you want get much money soon you ca invest with bitcoin, but if you want hold for long term you can invest your money with gold, gold have consistent price how ever you long with ten year later bitcoin can raising up and never be down, but for bitcoin always have chance to higher and lower price depend how economic world respond with bitcoin.
Gold is not the best investment asset. Not as profitable as other assets. But Bitcoin is a good enough asset to invest. I think that 30% of the profit for each year can be obtained. |
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362
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Bitcoin / Bitcoin Discussion / Re: Why Cryptocurrency is better than fiat currency?
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on: October 19, 2019, 07:18:31 AM
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If we follow the technological advances of the times, blockchain technology and digital currencies such as cryptocurrency is a good choice, but not the best, because cryptocurrency still has some weaknesses, especially for those who don't like transaction anonymity. I admit that freedom of cryptocurrency transactions is the best, if the government supports digital currency without negative regulations.
Yes, this technological advance makes all the limitations that can not be done manually by Fiat can be overcome properly. We can be free to send funds to anywhere in the world without restrictions, as long as there are no binding rules in the country. Moreover, cryptocurrency can be used simultaneously as an investment and trade commodity, this is very effective. However, fiat is also still effective in dealing with the other side of cryptocurrency, especially if there is no internet access, no matter how much cryptocurrency in your wallet still cannot be used. Is not it? I like the function of the product more in cryptocurrency, it is well suited for Bitcoin. I think that Ethereum will in the future fulfill the function of money for small operations. |
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363
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Bitcoin / Bitcoin Discussion / Re: wait, who owns the market?
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on: October 19, 2019, 06:56:54 AM
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I think everyone here owns the market in our own way , not just the big investors but everyone , it depends how much Bitcoins you have , even if it's 0.0001 or even if it's 1000, you own the market and you can actually make a difference .
The ratio varies obviously , it can be more or less but at the end because of no governmental body involved the power is with the people who trade in Bitcoins.
The size of the cryptocurrency portfolio is of great importance. With a huge mass of coins, you can put pressure on prices and even manipulate prices in a short period. |
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364
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Economy / Service Discussion / Re: Inheriting Bitcoin
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on: October 19, 2019, 06:28:31 AM
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The concept is nice but it seems very risky at the same time costly. Instead of having a subscription at an bitcoin inheriting company we should teach our loved ones about cryptocurrency. If we teach our loved ones about cryptocurrency then we can just leave them a piece of paper or a ledger nano together with the private key before we leave or when we are bedridden. Also it is nice to give them the knowledge how to use bitcoin and how to earn it than just by giving it to them.
I agree, we never know if they will actually do your will after death. It will be better if we just tell our beloved on how to use and about our investment before we left this world. No fees to be included but we can also pass our knowledge about it. It is very difficult to transfer private keys even to relatives. There is no guarantee that these private keys will not be used before. It seems to me that here it is necessary to think more carefully. |
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365
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Bitcoin / Bitcoin Discussion / Re: DID I MAKE A MISTAKE INVESTING IN BITCOIN?
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on: October 19, 2019, 06:19:26 AM
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You know this question is unavoidable...
DID I MAKE A MISTAKE INVESTING IN BITCOIN?
A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...
What will be your response to this question?
investing bitcoin is the right choice it's just that you have to be patient because right now we are in the bear market almost all crypto coins have decreased. bitcoin is not a fast way for you to get rich quickly. bitcoin is more than that. and to make a big profit you have to be patient waiting. than you keep thinking about bitcoin it's better to do other activities so you don't stress. be patient waiting for the bitcoin pump again. patience is the key to successful investing in cryptocurrency. rest assured bitcoin will definitely rise again. I think that now we need to analyze the situation with Ethereum. Perhaps this is a good price to invest in Ethereum. Because you need to share the risks in the cryptocurrency market, not all your money should be stored in Bitcoin. |
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366
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Economy / Trading Discussion / Re: Should move to BTC?
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on: October 18, 2019, 03:47:14 PM
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To all who say that BTC rising - yeah, but it also quite unpredictable and fast. I mean, over the few hours BTC raised to 8300$ and then again fell to 8000$. So I would recommend holding your XRP and buy BTC only if you'll see it raised quickly.
Looks like you don't have to sell XRP just to buy bitcoin whose price is going up. Because almost every time there is a movement in the price of bitcoin goes up, then altcoins like XRP also go up. As happened yesterday, when bitcoin prices reached ± $ 8,300, XRP prices also moved slowly. Conversely, today XRP also fell after the price of bitcoin experienced a correction. Bitcoin fluctuations are very fast, so in my opinion it is very risky to sell other assets just to buy bitcoin because we don't know the extent of the increase unless there is a factor and good news about its development. I do not believe that Ripple's prices will continue to rise and I think it is better to go to Bitcoin. Why take such a risk in a crisis. When we saw that Bitcoin was showing the best price increase in the market for 2 years. |
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367
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Bitcoin / Bitcoin Discussion / Re: So what will happen to Bitcoin?
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on: October 18, 2019, 03:11:02 PM
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It has been predicted that Bitcoin wouldn't only end up as an investment instrument but rather a currency that would replace fiat in the future. As we can see, there are lots of changes and adoptions that happened to Bitcoin over the years. It isn't impossible for it to reach more. Bitcoin is always unpredictable but it keeps on surprising. If there will be massive adoptions in the future, Bitcoin could really be the digital currency that will change every economic situation.
So far, I do not see options for Bitcoin to replace fiat money. It is possible that the Ethereum network is more suitable for this function. We see how many stable coins are created on the Ethereum network. |
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368
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Bitcoin / Bitcoin Discussion / Re: Is this how we regulate Bitcoin?
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on: October 18, 2019, 02:34:26 PM
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You're right. In terms of tech, we do already have the power to self-regulate. I'm just wondering how we would go about convincing miners and developers from different blockchains to band together to regulate the cryptoasset industry. Eliminating scam ICOs is certainly crucial to the long-term success of the crypto markets, so perhaps if it was presented in such a way we could put this plan into place. Overall, I think there's definitely some serious food for thought here, particularly when it comes to securing the crypto markets, as well as exchanges and marketplaces like Vertex. You have a good and very necessary idea. We need to fight fraudsters in the cryptocurrency market with more powerful methods than now. Apparently, a few more years are needed for the development and strong regulation of the cryptocurrency market. |
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369
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Bitcoin / Bitcoin Discussion / Re: Anonymity VS tracing transactions.
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on: October 18, 2019, 02:14:38 PM
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if I would definitely choose who to discuss user privacy because in bitcoin itself we really need privacy and security like using a bitcoin wallet then with privacy maybe our bitcoin cannot be stolen or used by people who are not responsible, while differences in currencies fiat and digital currency, fiat currency is the currency that is controlled by the government and the central bank while the digital currency is the only currency decentralized by the blockchain.
Confidentiality and anonymity will not be widely used in the future in the cryptocurrency market. I think that on the contrary, 90% will be only visible transactions in the field of cryptocurrencies. |
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370
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Bitcoin / Bitcoin Discussion / Re: Binance is not a Chinese Exchange
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on: October 18, 2019, 02:10:21 PM
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Binance exchange publish in Malta country but we can use Binance for every country in the world, but for China depend on how their government with exchange market like binance, legal or not. United Stated have legal for using binance exchange where have launching Binance US exchange, China have many investor like for investing their money in bitcoin and altcoin.
It’s good that Binance develops its network locally, as well as creates different stable coins. I think that this is the best development strategy for exchanges, which is at the moment. |
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371
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Bitcoin / Bitcoin Discussion / Re: Is this a scam? What to do next.
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on: October 18, 2019, 01:54:06 PM
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So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).
Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.
Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.
What should Sam do? Will the police help?
Oh, it is a typical situation in the world of profit and money. Some are too inventive and make great really working schemes and pyramids. Really simple and ingenious. And some people are sometimes too greedy, sometimes too naive, sometimes just too inattentive to details. And such of people, they find each other in different parts of the world. And as result such kind of situations happen. Sorry for sarcasm, but why this person named Bob or whoever he is had not stoped after first investment?.. did he try to find some more information about this scam team in the internet, chats, forums or telegram groups where lots of people are engaged in crypto, where there are lots of people with their own experience in crypto world?... It is a pity, but no police in the world will help him now, no other actions will bring the positive result in order to get his invested money....only move further on and be more attentive before investing such amounts of money in whatever it may be....((((( Just think twice... You can meet a lot of inattentive people in the cryptocurrency market. I think that the situation will change in the future and we will see a very strong cryptocurrency market. Market participants will conduct equal competition. |
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372
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Bitcoin / Bitcoin Discussion / Re: What are the dangers inside cryptocurrency investing
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on: October 18, 2019, 01:26:01 PM
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Dangers inside crypto investing People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!” First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments. Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/There is danger by investing in cryptocurrency. Why? Because you may lose your money. Like investing in altcoin you can lose your money if the altcoin become Dead. But if you choose only bitcoin or ether is much better but waiting is need for this investment because the price now is down. You should also look with other danger with crypto not only in investing and buying a token. Example Hacked there is possibility that you may experience this one if you are not careful enough. Forget/lose important key such a passphrase and private key . Regarding the fact that they forgot the storage location of the private key or this place was robbed. We see quite a lot of risks when cryptocurrency takes over. |
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373
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Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Traditional Payment Processors
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on: October 18, 2019, 01:09:26 PM
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bitcoin will replace all these traditional online payment processors such as Paypal, Apple pay,... soon and it won't matter if they adopt blockchain technology themselves. for example even if Paypal turned into a token it still wouldn't change anything about its replacement by bitcoin because bitcoin is decentralized and it also doesn't have the huge disadvantage of them which is charge back ability.
There is no doubt that Bitcoin has all the qualities to easily replace the traditional online payment methods available currently but the problem most people who don't really understand how bitcoin operates and its nature is the volatility of its price. Due to this, majority are scared to adapt using it for their transactions. And others invest in it rather than using it to pay for their transactions online. In addition, the Bitcoin network is very slow, it is not intended for micro payments now. Bitcon acts as gold in the cryptocurrency market. Payments in Bitcoins should be tangible. |
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374
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Bitcoin / Bitcoin Discussion / Re: How do we get the best at this moment?
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on: October 17, 2019, 07:59:46 AM
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When I see bitcoin prices go down then I don't think I should quit bitcoin but I want to buy it with a little of my money for bitcoin because I'm very sure bitcoin won't make us lose money to invest because we saw bitcoin go down in price just a few weeks ago after bitcoin will rise again as usual with prices that are always stable.
Perhaps the last 2 years have already taught us to be optimistic about falling Bitcoin prices. I think that many people even buy Bitcoin when the price drops and, of course, they expect a big price increase. |
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375
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Bitcoin / Bitcoin Discussion / Re: Will China Accept Bitcoin As A Currency?
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on: October 17, 2019, 07:44:21 AM
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China probably wants to use Bitcoin as a tool in the trade war right now. But nothing more than that.
I don't think the Chinese government see the value we see in Bitcoin, instead they'd like to control as much coins as possible as this is the mentality of the Chinese State.
I also think that China will look at Bitcoin in terms of perspective. The trade war that is currently underway will not affect cryptocurrencies in the next 2 years. but in the future, perhaps the situation will change quite strongly. |
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376
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Bitcoin / Bitcoin Discussion / Re: What's next for bitcoin ?
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on: October 17, 2019, 07:06:45 AM
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What’s next for bitcoin is the slow, gradual run up to the next epic bull run which will peak in late 2021. Strap in, it’s going to be a crazy ride.
An interesting forecast already for 2021. Of course, I also believe that in the future there will be other prices for cryptocurrency assets. You need to invest in cryptocurrency now, when prices are low. |
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377
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Bitcoin / Bitcoin Discussion / Re: How to understand risk in crypto
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on: October 17, 2019, 06:52:11 AM
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The risk in the cryptocurrency environment is very difficult to understand, because it is a new market, new technologies and even a new economy. Perhaps only in 5 years there will come an understanding of the risks for those who will develop here.
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378
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Bitcoin / Bitcoin Discussion / Re: Why hasn't any altcoin replaced bitcoin?
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on: October 17, 2019, 06:42:35 AM
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I think bitcoin has been one of the biggest innovations of the human in the past years. Many altcoins have been created after bitcoin. But none of them have been successful as bitcoin is. Why is that?
Why no altcoin can replace bticoin?
Every new thing and every technology is usually replaced by a newer one as the world is always developing.
The first television built was mechanical, then electronic television were invented, then colour televisions, digital, 3D, ....
The first automobiles invented were steam-powered wheeled vehicles, then electric automobiles appeared. Now we have autonomous cars. Now we have Tesla model S. Now we have Lamborghini.
All of us know about the developments made in mobile phones.
Every thing is being developed. Every device is finally replaced by a newer one. Why no altcoin has replaced bitcoin till now? Do you think it will happen in future?
I personally think people will trust what Satoshi has created more than altcoins till many years later.
Altcoins are created to make the developers rich. But bitcoin is different. Bitcoin was created in favor of us. So, no altcoin can be trusted as bitcoin.
What do you think?
It's too early. We don't know how long the reign of bitcoin would last as there would never be a direct competitor to bitcoin. Bitcoin has became too large and popular on it's genre that no other coins could compete with it. Maybe as we come towards the saturation of bitcoin supply and it would be a precious and scarce thing, people could chose another coin to act like bitcoin. How is it that Bitcoin will never have a direct competitor? And then who is Ethereum? On the contrary, I see that Ethereum continues to develop its network faster than Bitcoin over the last year. |
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379
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Bitcoin / Bitcoin Discussion / Re: Banking system and BTC
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on: October 17, 2019, 06:13:49 AM
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Hello traders. What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.
How do you expect Bitcoin to kill the banking system when less than 1% of the total number of people living on earth know about Bitcoin and the remaining 99% have no idea what Bitcoin is and the purpose of it in the financial ecosystem. There is no way Bitcoin can kill the banking system. It is a silly idea to even think about this.. That's right, you say, even now when only 1% of the world's population uses cryptocurrency, already foreign currency assets are of great importance for the banking system. We will wait 3-5 years and see how everything will change in the cryptocurrency market for the better. |
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380
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Bitcoin / Bitcoin Discussion / Re: How 18-year old boy became Millionare from Bitcoin
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on: October 17, 2019, 06:06:55 AM
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Maybe 18 years old boy become millionare because he have much money from his father or his family, earn money with bitcoin and altcoin is not depend how smart you are but how much money do you have at the first time you joined, what care you are very smart and know how to analyze bitcoin and altcoin chart but you don't have money to invest you are nothing, like 18 years old boy become rich person because he have money first want start buy bitcoin.
The fact is that anyone could become rich at the time. If you buy Bitcoin for 10 dollars and sell it for 10 000-15 000 dollars, then you will also have millions of dollars. There is nothing surprising here. |
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