|
I really do agree with you. There have been too many scams in this cryptocurrency, and if those attitudes are not stopped or curtailed, we all might be ruined. We need to start being positive and do things right.
|
|
|
|
|
The banks have several ways in which they make their money. One of the means are through the sundry charges and charge backs.
|
|
|
|
|
No, banking is not dead. It is too early to rejoice. Blockchain is still an experimental technology. Not everyone is yet satisfied with it. Most people are still trying to understand its functionality. Know the merits and demerits. Until the blockchain technology is globally accepted, then banking is still very much alive and trusted by more people in spite of their complaints against the banks.
|
|
|
|
|
In my opinion, stupidity is among the least factors when it comes to poverty. You may be very wise, and yet remain poor. In all, the environment you find yourself contributes most to what you become. Even if you are born wise but couldn't get the right exposure you need or the necessary education at least to a certain level, you will remain poor. Even if you want to argue with me that Bill Gate dropped out of school yet grew to become the richest man on yet, you should also remember that Bill Gates is an American, and by virtue of that, he has 99% of the required environmental conditions needed to succeed. Bill Gates has all the basic social amenities in life. He even had access to a computer. I can bet you that if Bill Gates was from one of the poorest African countries, take for instance, Somalia, he would have gone no where, and would probably be in poverty in a remote village. The world wouldn't have known him, maybe the people around him would have considered him stupid for dropping out of school.
In conclusion, the environment is the major determinant.
|
|
|
|
|
I don't want to dispute what the professor has said. There is a possibility of what ever he said coming true. Bitcoin was created by humans, and as the saying goes, nothing lasts forever. But I am quite sure that Bitcoin may well be a recognized global currency in the far future. But its future performance or value is what may be difficult to predict by anyone.
|
|
|
|
|
I really understand your feeling right now about the disappointed you have faced regarding ICOs investment. But why this ones you have mentioned may not work out, there are still some good and credible ICOs that are worthy of investment which may guarantee you profit returns on your investment. Maybe you do much more research before deciding on any ICO.
|
|
|
|
|
I quite agree with you that blockchain is not really a trend yet considering the fact that not many of the population knows about it. But in the aspect of people jumping into Bitcoin during its peak hoping to make profit out of it, I believe it is lack of information or education about the cryptocurrency market and price fluctuations. Maybe there should be a better awareness about this to our friends or colleagues. Sometimes, excessive buying during a particular time raises the prices far beyond what may be considered normal. When such a rise happens in the value of an asset, price sustainability becomes a problem, and fall becomes imminent.
|
|
|
|
Eight months ago, my financial situation was not good at all,
I work that way, My income was about 45 to 50 dollars in the month,
I was disappointed with my income
Than a friend of mine suggested me to work with cryptocurrency. But I had no idea about cryptocurrency. Gradually, I learned to understand a lot about cryptocurrency, cryptocurrency gave me success in life, Now my income is 800 to 1500 dollars per month. Now I am very happy and now I believe cryptocurrency may change the financial condition
Congratulations on this your wonderful upgrade and life upliftment. But wait a minute, how did you do it? Was it through investment in ICOs? How did you work with cryptocurrency? Is it through bounties and airdrops? Do you trade? Are you indirectly telling us that you get steady payment of 800 to 1500USD monthly from any of these? Please I would like to know so that I too and others may learn from you. Once again, congrats. |
|
|
|
|
Bitcoin is not a ponzi scheme. A ponzi scheme simply takes money from new entrants to pay the old members and so on. But Bitcoin does not operate that way. The rise in the price of Bitcoin and the profits made within a period of time is a function of demand and supply. It goes both ways, both the old members and new entrants can create the demand at a specific time which could raise the price significantly.
|
|
|
|
|
Business to me is the best. We should imbibe the habit of doing business in our children. This is because owning your business will easily make you independent on anyone as you will be in control yourself. Also, it is better guaranteed than working for someone else. Business or entrepreneurship helps to create more jobs in the society thereby providing employment too for others.
|
|
|
|
|
I think Bitcoin was above $1000 as at this time last year before rising to $18000+. Nevertheless, there is still a great chance of Bitcoin rising above its previous peak of $18k+ before the end of the year. I am having a partial feeling that all attention is currently in the world tournament in Russia, and after the tournament, a lot of people will be back to business. Bitcoin might soar again. I hope.
|
|
|
|
|
I think the government of most countries are just being too afraid of cryptocurrency in a way that it is not supposed to be. They should also look at the great advantages associated with cryptos rather than just always analysing the disadvantages.
|
|
|
|
|
In my opinion, the government cannot know if you have Bitcoin. It is not possible for them to trace your Bitcoin as your name is not included in your Bitcoin wallet address. The only way they may know you participate in Bitcoin is if you have a local exchange you registered with that you may have provided your personal details including your bank account details. Else, you can have Bitcoin and remain anonymous in your country and deal or trade only with international exchanges. Very safe to do that way.
|
|
|
|
|
Let's hope people learn from this. Most people are guilty of so many mistakes highlighted here. People should know effective money saving strategies or practices.
|
|
|
|
|
At present, Bitcoin leads the way for every other cryptocurrency. If the price of Bitcoin continues to decline or the confidence drops, it may not necessarily make investors to want to switch to other currencies. In fact, most people may choose not to invest at all pending when Bitcoin confidence bounces back. For other cryptos to have a real chance of investment in their direction, then Bitcoin market should be healthy.
|
|
|
|
|
Maybe someday this might be possible. Since the blockchain is a very transparent and decentralized system, I think it will be a very good idea for the financial and government institutions to incorporate it in their businesses or transactions.
|
|
|
|
|
Yes it is very common to see other cryptos price go up once Bitcoin price goes up. I think this is because Bitcoin has a very large share of the market, and also because when the price of Bitcoin goes up, it increases the confidence of would be investors or new entrants to try and participate in cryptocurrency.
|
|
|
|
|
I can give Bitcoins to charity on the condition that the recipient knows how to trade it. Or better still, I can give it to charity and go further to teach the recipient how to go about it. It is one of the ways of spreading the message and acceptance of bitcoin.
|
|
|
|
|
Show Posts
