I don't think so because crypto currency will definitely going to reduce corruption but politicians will find a good way in cheating the people and earn corrupted money in crypto also because the corrupted head of the government is also corrupted. If the politicians come forward and stop corrupting people by themselves honestly, then there is a chance they or the country can stop corruption.
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Crypto currency is not only a trending topic but also a hot topic governments and big institutions are debating whether they need to get in to it now or wait for some for regulations to come to get in to it. There are many countries which are reviewing and set a panel to look into the positives and negatives of crypto currency, they are also closely observing other countries economy which accepted crypto currency.
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Yes. Bitcoin is more of a real money and it is the currency of the future. The digital money like Bitcoin is going to drive the economy in future and this will transform the paper currency in to a most secured, speed and valuable digital currency in the world. I think in another few years the economy will be driven by digital currency like Bitcoin and the per capita income will be rocketing like anything.
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This one is good note for everyone to step into crypto currencies. Seeing the prospect of this village all the countries and government need to learn from it on how it is increasing their economy with their new technology and innovation with the help of blockchain technology. Everyone need to really appreciate this kind of initiative from a small village that too without the help of the governments of any big financial institution.
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I don't think Facebook will join the crypto club shortly but it will join if the technology is used by their competitors and partners. It may take some years for that but for sure it will join the crypto club and may be they can use the block chain technology for their day to day operations in near future because the technology they use will be outdated in few years or may be next year since block chain technology is booming like anything.
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My next 5 years in Finance will be to buy a lavish home in the center of the city, then I will buy a luxury car, the last is the investment on crypto currency. As I said the buying house will come in fixed asset and car as a moving asset and at last crypto currency as a all time favorite and potential to double or triple my money asset. This way I'm saving and investing and also enjoying my life.
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This is something very good positive move for crypto currency market. I think the spike will be maintained for another few weeks to make crypto market stabilize or if the price goes down then the market will again bleed. There are many factors for this price rise and the price rise should not stop here and there is more and more to got for crypto market and especially Bitcoin.
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Governments wants to make sure there is tax is levied and collected from any source and crypto currency is a big resource for them to collect more tax in the form of rules and regulations. First they will levy rules and regulations and step by step they will impose tax on crypto currency exchange and trading in future. I think we cannot stop it or accept it since it in the hands of government to decide on it.
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KYC is nothing to make sure that there is no illegal money or person involved in the particular transaction or on a particular currency I think. The KYC is to make sure that everything is good according to the rules and regulations set up by the concerned authority, most of the ICO's now are requesting KYC and I think this is good that the whales may not enter into large amount purchase if the KYC is strict enough.
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Economy will grow forever if countries and governments adopt new technology and innovations like Bitcoin and block chain technology in their economic pattern. The new technological improvements has made a way for the current and future economics to grow further with it and adopting these will only makes economic to grow and reach the next level.
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Unsold tokens which are burnt is a good strategy and that is followed for most of the successful ICO's as per my knowledge. The unsold tokens cannot and should not be used for any other purpose like Airdrop or for employees to make the coin valuable. If the unsold tokens are distributed then the token price will drastically reduce and there won't be any future prospect for the ICO project and it is very difficult to move forward its price in the future.
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Crypto currency market is always volatile and anything can happen at any time. The current market trend of Bitcoin and other crypto currency price are just normal and it will recover soon. The poits you have mentioned are true and I agree with that. The are so many reasons for a crypto market to boom or to get down to the earth and no one can predict what will the market be tomorrow perfectly.
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I don't think Bitcoin price will rice before this August end. The current price of Bitcoin is bit lower than what every one was expecting and there are many reasons for that but the current trend does not resembles any forward movement soon or later before August end. I think post August or in the first week of September the price may reach $10000 as per my prediction, may it can move forward before that or may take some more time.
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Virtual currency is the future of currency and it going to rule the world within another 5 to 10 years from now. There is no competitor for virtual currency since it is the advanced money of paper currency. Virtual currency is speed, saves paper, saves time and the transaction time and it has so many advantages. To save paper and trees from manufacturing paper we all need to adopt virtual currency. Hope the governments think of this very big positive thing of it.
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There won't be any effect on Bitocoin or oil prices either because the oil prices are determined by US Dollar and not with Bitcoin or any crypto. I think there is no connectivity for oil price and Bitcoin and you are getting confused with the crypto economy and oil economy.
If Bitcoin is accepted world wide as a legal tender then oil price may be fixed on the bases of Bitcoin price and that may take several years to happen.
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That's not a good idea I think. Selling alts will give you loss in this current market situation because all alts are in very cheap price now, even Bitcoin is very low now. I suggest you to hold your alts and sell that for big profit or at least for a decent price. Never sell alts and invest in Bitcoin, you can invest in Bitcoin with the spare money you have or sell your alts when they are in good price and then reinvest in bitcoin.
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There is no specific time period anyone can predict that Bitcoin will bounce back but as per the trend compared with last years and previous years I can say that the trend will bounce back little next month but the complete recovery or bounce will happen after September since there are more good news to come on the way for that pump. Hope there is a long gap but there is no other way than waiting for the bounce to happen.
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I don't think or believe that Bitcoin is a pump and dump scheme, if Bitcoin is a pump and dump scheme it should have been in the highest price for a while and people have bought it in the higher price. Bitcoin is a digital currency and it has many reasons for price rise or price dip and the main reason is the demand and supply. There are millions of people believe and invested in Bitcoin because of its concept and technology it uses.
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I think the Bitcoin bull run hasn't started yet and it is still in the bear market. The current price of Bitcoin has trended down from last week and the price fluctuation is ranging less than $6.5k which is far from the shield to break for bull run. I think it will take another two complete months for Bitcoin to cross the shield and reach $10k and the current market situation looks in bad shape.
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Bounty campaigns is the key for success of an ICO and the way the ICO performs and the project success depends on how the spreading the word about it through these campaigns. That is the reason the ICO projects spend lot of money into these Bounty campaigns and especially the signature and social media campaigns. The success of the projects 25% is depends on the bounty campaigns I believe.
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