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Bitcoin mining has been said to use more energy that even some countries are contemplating banning it but currently they are projects pushing for alternative energy sources for crypto mining. Maybe they will be able to solve the issue of power usage.
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The reality is that no digital currency will ever be able to replace fiat, not just Bitcoin but every other digital currency. People will always identify with fiat, think of the large population of the world that has no access to internet and haven't even heard of Bitcoin, how do you expect them to use Bitcoin for purchases? It's not possible.
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I don't think so, if anything, Bitcoin moves faster than the majority of altcoin. Within the last month's many altcoin lost more than 50% of their value while bitcoin has been much better.
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I think currently, Bitcoin is more of an investment to a lot of users than a technology. We need to see more accompanying uses of bitcoin in order to make more people see it for what it is than just a pump and dump coin like most other altcoins.
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You can keep your tokens as long as you wish, provided you're the only one that has access to the wallet nothing will happen to the tokens. Whether it will grow or not depends on the token and no one can say it will or not.
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ETH has been among the worst hit coin since the bear run. And I believe ICOs cashing out are the major cause of the price fall, why other coins try to gain from time to time, ETH on the other hand has kept falling.
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The market is gathering momentum and I think we will see further bear run before the bull run actually start.
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Well, it isn't the first time it has risen after fees days/weeks. We will see if it's the beginning of the bull run in the coming days or just one of those rise and fall.
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From your narrative I don't see how crypto is dangerous, blaming it for your failure in your examination is far fetched. As an adult, we should be ready to accept responsibility for the outcome of our actions and not blame it on the action, you choose crypto over your studies and you should blame yourself and not crypto.
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Probably it will be at the top of cryptocurrency market for a very long time unless something extraordinary happens which is less probable.
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I have high hopes that in the next few years cryptocurrency will be worth much more compared to the current price just like the past few years, how cryptocurrency went from being worthless to the most sought after investment.
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Around April or so I thought I bought the deep of most coins and after some weeks I was in for some profit but I wanted more and I started witnessing the market fall but decided to hold instead of sell at the cure profit.
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If you have a product or service based online business ,accept fixed bitcoin prices with a refund.
For example,a customer buys your service or product for 50 USD worth of btc.The bitcoin price doubles after one week and he actually paid you $100.This would be really frustrating to him so you offer him to refund 50 USD.You kinda lose money,but you get a loyal customer,who is paying with btc.
Anyway,the bear market won't stop just because a bunch of people started accepting bitcoin payments.
And what happens if after the same period of time Bitcoin loses 50% of its value, do you call the customer back to pay for the 50% loss? |
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This should be in the basics of cryptocurrency investment and same with any other form of investment one can ever think of. Putting one's egg in one basket is a very bad decision and can have adverse effect.
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I know of these ones, bountyplatform, Bounty0x, tokensuite but I can only vouch for bounty0x, I'm yet to participate in any bounty hosted on the other platforms.
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Right now I agree that the risks involved in crypto is higher than the benefits it offers, maybe in the years to come the benefits will supersede the risks.
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Yes, I am still MEW although I have been looking for alternatives for sometime now. But I like the simplicity MEW offers.
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It starts with the crypto community. Many people are in crypto for the wrong reasons and it paints bad image of the community entirely. When we have people scamming others and there is no way to recover any stolen funds unlike in banks where transactions can be reversed or stopped. People are very cautious of crypto with all the whole negative practices going on.
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I take the security of my cryptocurrencies seriously. Before now I don't use to have password on my devices but since I vested into crypto, all my devices have secure log in. And I'm conscience of where I take them to and who I allow access to them.
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In as much as no one knows how Bitcoin will end the year but if I'm to voice my opinion I'd say we will continue to see the bear till year end. I hardly see Bitcoin recovery from the fall anytime soon.
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