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I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.
In which sense? It's unclear what you mean exactly. In terms of value? It's already past. In terms of use? It's an entirely different thing. In terms of how it's transacted? Again, entirely different. The only comparison you can realistically draw is the use as a hedge. Bitcoin is increasingly becoming more useful for people who want to protect themselves from political instability, trade war, currency devaluation, populism... you name it. I agree with what Katherin is saying here that in terms of value, as in value in USD, which is the benchmark most people care about. Whether the comparison is actually apples to apples or apples to oranges, is not irrelevant to most people. When I talk Bitcoin to someone who I know isn't an enthusiast, but also not a hater, one of the first things I say them to get their attention and give validity to our digital friend, is this, "Did you know that Bitcoin is worth more than two or three times than a troy ounce of Gold??", to which they usually reply, "oh shit, you're right", and then I proceed to explain to them about how that fact alone should, and does, give BTC instant credibility, relevance and comparibility to anything that we give a USD value to. Of course, I'm considering all other things as equal. So the fact that BTC HAS surpassed the value of one troy ounce of Gold many times over, should answer your question OP. But, somehow, I think you still are going to be comparing apples to walnuts because if you would have done a little google searching for the value in whatever fiat currency you want to compare the value of XAU to BTC with, you'd have your answer and not ask such obviously apparent questions here. But then again, this is very subjective subject matter  Yeah actually it is a good basis for comparison for those who have no idea what bitcoin is, or even is worth. It can be said to be a digital payment system that retains value more than gold and is therefore much more trustworthy and secure. Also it allows anonymous online transactions, etc. etc. When you examine the particulars, they are nothing like each other, but people need some form of anchor when being introduced to something new. So the gold-bitcoin metaphor can be helpful if the person has never heard of bitcoin before just give them a basic idea. |
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Because of the ease of access to information these days, people can learn things quite quickly. Everybody now is well aware of how corrupt their governments are, so they want to find alternatives, naturally. Decentralization is the most reasonable choice.
Governments are corrupt, and we know they are corrupt. This is why we are in the "post-truth" era of politics. If we know they lie, and they know that we know they lie, then why bother? Just keep lying and everything will continue. There's no direct accountability anyway so they've got nothing to lose.
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It's no news that cryptocurrency has come to stay, but the industry is still unregulated and that is a major problem that inhibits growth. Amazon can integrate Bitcoin but due to the unregulated nature of the cryptocurrency ecosystem it may wait for sometime to see regulations before it fully integrates BTC. The problem is not BTC the problem is thr market and whales.
That's the problem I see too. They would love to integrate it, but they cannot because of compliance issues. They've probably got some pretty stringent conditions in regards to how they are supposed to handle money and payments. How are they going to collect the payments? When do they cash out to fiat? Sure, it sounds easy, but when bureaucracy becomes involved, these issues get convoluted. They just want to make sure that everything is "legal" so the big bad tax man doesn't come knocking at their door. |
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I agree, but I believe we need to find a new way to introduce it to our society because the society has changed and might not be ready to learn in an old-fashioned manner.
Yeah well things are much more hands-on now. We need reliable, practice, real life examples that are anchored in our reality rather than being told fluffy ideas that have no application. We need to do rather than hear what we should do. There's a huge cap between the authorities and the common folk simply because the authorities do not know what the common folk like to do in their everyday lives. They cannot connect because they think that just explaining ideas and giving rules is enough to make it work. This is especially true in academia as "experts" get too wrapped up in their theories rather than the implications or consequences of these concepts. |
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This can only be done by yourself because money is your own. According to you said you bought bitcoin in March last year, and then sold half the BTC at the end of last year. I figured your money has already been taken out, and the BTC in your wallet is all zero cost. In conclusion, my suggestion is holding.
Yeah clearly you're overthinking it because of all of the negativity being spread around about dips becoming drops becoming crashes or whatever. If you're at a comfortable level that hasn't caused you any harm, then sit down and chill out. There's no need to panic because the market is taking a break from a huge leap from last year. It needs to rebalance itself once again. Who know what will happen next, it could go higher, or just make a half-hearted run up and get stuck in a range. |
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Nowadays all countries only pay attention to the academic, they never pay attention to the moral education anymore
They shouldn't. That is a responsibility of a parent and no one can objectively tell you what is moral and what is not. Moral education supposed to be taught at school and the parents also need to responsible to teach their children, moral education can make the world become better place to live
Moral education is nothing more than training a person to be obedient to your values and beliefs without any reasonable explanation. If it makes sense to do something, then it can be thought scientifically, but if you have no proof, no evidence and no reasoning to act a certain way, that is just brainwashing an individual to blindly follow your instructions. If it's the responsibility of the parent, and the parent received no moral education, then where are the morals going to come from? How can we decide on a decent set of values and beliefs if we leave it up to the subjective will of the parents to decide? What if one family's values conflict with another's? Then how are we going to find a middle ground if these issues are not addressed in education? Who will mediate? Education does not have to be brainwashing. It can be balanced and tolerant. |
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So from the beginning of 2018, till about a couple of weeks ago, all coins suffered huge dump and went quite low from what they were at the end of 2017.
But now, the tides are changing and slowly all are going upwards again as the bitcoin has also started moving upwards.
Now, please share the coins you think are gonna go boom till the end of 2018 from now.
What are your picks?
I think that would be EOS and NEO. I just focused on the altcoins in the top 30 and I'm sure the two altcoins will be pumped in late 2018. But the EOS will outperform NEO because I know EOS is more potential than NEO and gets a lot of attention from sharks. This will be a good opportunity for long term investment. That's what we need from the altcoins--a good long term investment. A lot of them are being pumped n dumped as the speculators run in one door and out the other. That's why it's such a gamble sometimes. How can someone know the long term integrity of an altcoin? There's potential for a lot of shadow play with these things. In the times when bitcoin is low, it's best not to get desperate and try to look for a quick profit. Hold on tight and look for the long termers |
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I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.
Stop comparing bitcoin and gold both were different things and why not both can stay in the future? Bitcoin is already the most valued currency of the world but it don't have physical structure whereas the gold is metal and it is considered as the most safest investment so we can't compare them anyways. Digital gold currency exists as well, you buy some and get a digital certificate proving the ownership. There are just a few issuers since a lot of people considered it as a high-yield investment program and a decade ago fraudulent schemes were really using it and some sprang up and disappeared after some time, people lost millions of dollars in. But I do agree Gold shouldn't be compared to Bitcoin because both are different investments types Talking about investments, I think gold and Bitcoin are perfect assets to combine in a anti inflation and crisis resistant portfolio. Gold can be seen as the stable asset while Bitcoin has a way bigger potential, but also more risk. Your reason for investing could use to be insurance-based to protect your money. In which case, the answer is to diversify. If one fails, others will still have a fighting chance to keep you afloat. All of these have pros and cons, weigh them out, and see what is best for you to protect yourself. I think each have strengths that are valuable and purposeful in such an event. Furthermore, both could benefit from upcoming global unrest and recession. Yeah they do serve as good balancers to each other. The thing I don't like about gold is how easily manipulated it is by big investors. Banks don't even print paper when money comes into it. They just put it into their pockets and loan it out to other customers for a huge profit. Physical gold can be quite useful, but it's not exactly practical to have in large amounts. A good portfolio would have a combination of both physical and paper. Bitcoin is more adaptable and able to be used in a variety of situations. |
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. The problem with Goldman is they've got the influence. People don't take their words lightly because they've got a bajillion dollars under their roof.
sorry , from a few weeks ago i am dont earn fiat anymore , except when i need to convert crypto to pay for the bills and the atm anyone who has a clue knows about Fractional-reserve banking and how easily Goldman Sachs can be solved to where they belong Solved to where they belong? You mean stamp them out of their fake money-printing debt-hustling scams that make them millions each year? With what exactly, crypto? It'll take more time before we can get established well enough with bitcoin to not have to worry about fiat and debt. Many people are able to do this independently, but others still need massive amounts of education. Dropping the price for institutional investors to come in...
We've all seen this before haven't we? No need to panic, this isn't really even news anymore.
If Goldman says something, trade in the opposite direction. They're setting you up. |
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Goddamnit Goldman! At it again! These slippery little worms are always trying to pull their tricks to get an upper hand against "populism" or whatever the elite are blaming poor people coming up with clever ideas on these days. The problem with Goldman is they've got the influence. People don't take their words lightly because they've got a bajillion dollars under their roof.
Well at least it gives us a good chance to get in for cheap, if you've got any extra fiat lying around. Goldman is probably just trying to do the same anyway, so you should join in on the fun.
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Having a product or something like that is a significant difference. Speaking of bitcoin, it is difficult to draw any conclusions. Not so simple.
But definitely, can't be considered as a financial pyramid by definition. You can invest anytime you what, and you don't need to market it by any sense. And its up to you how much money you going to put up. And no single person is benefiting if you are going to trade (buy/sell). The appropriate term should be "investment portfolio", in my opinion. Because the moment you buy, you hold that assets, which in this case bitcoin. And you have total control of it + privatekey in your wallet. Exactly, there's always a way out. And it won't collapse under your feet when you're least expecting it. Maybe some Altcoins could be considered as ponzi/pyramid schemes because the owners just pull out their investment when the little people like you and I are least expecting it. Telegram groups close, exchanges reject the coin, people just disappear into thin air. That, by definition is a pyramid scheme. Bitcoin is just an investment opportunity for your portfolio, and a good one at that. |
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The proposed method of diversification is good, it is used in the stock market. In our case, it is too early to use this method of diversification, since the market depends only on BTC and ETH. Nevertheless, I like projects related to energy. Here is part of the energy cryptosector: WPR, POWR, MWAT, BWT, SLR. And some shits EDRC, ELEC, and others. Just BTC consumes energy equal to the consumption of a small country. It is necessary to somehow compensate for such consumption  . Thanks for the suggestions. Yeah, it still might be a little early to start trying classify by sector, but I think it's a good idea to get started with before it gets too confusing. This way it will be more appealing for new investors coming in. They'll be able to see everything all neatly categorized and it will make so much sense to them. New investors are usually mind blown by the amount of choices in Altcoins, and all these names sound a little silly to them. Having organization set out in front of them would make them more willing to put money into one coin or another, and it would make research easier as well. |
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I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.
In which sense? It's unclear what you mean exactly. In terms of value? It's already past. In terms of use? It's an entirely different thing. In terms of how it's transacted? Again, entirely different. The only comparison you can realistically draw is the use as a hedge. Bitcoin is increasingly becoming more useful for people who want to protect themselves from political instability, trade war, currency devaluation, populism... you name it. |
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Things are still a bit sluggish after the huge burst we had last year as the market has to pick itself back up and shake itself off. It's hard to move so much in so little time. Everything has to correct itself eventually.
I think a lot of it is sit and wait for new investors. The ones who got in at the top are praying it'll get back up there again, and the ones who haven't got in yet are looking for a good reason. They want to have evidence of it being a valid investment before risking the unknown.
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I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
Patience is a virtue bro. if you can still afford to hodl it and don't need the money yet. I would suggest thay you hodl it. It's pretty hard to tell if bitcoin would recover to the point where you'll earn or even have your investment back, but atleast bitcoin has been having good news right now. Maybe it could affect the future prices. that's why we need more money while we decided investing in bitcoin.we still met our daily needs when bitcoin still move down.and able to hold our asset untill it give us huge profit. Exactly. That's how the best traders do it. Bitcoin seems to be struggling lately, it hasn't been able to move much higher in the past week or so. It's a good thing not to need it right now because it should be gathering enough energy to move higher again soon. Unless someone steps in with a massive short position, which I really hope doesn't happen. There were some pretty violent moves yesterday but it bounced back right away. It's already bounced down and back up 5% twice now from the 8000 range, what's next? |
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For me I will continue to hold on to my bitcoin. Even though its price is too high for me to continue because there are ordels that will increase the price of bitcoin we do not know when or what time.
Because we do not know because we do not have the process yet.
Yes that is a very good decision I think. In fact bitcoin price is still trading too much low, but now its price has started increasing and I think that it will continue increasing for a long time. So It is not the time to sell but to hold for some more time for the price increase. Yeah I think that it wants to keep moving up. It's at some pretty strong resistance right now but if it can break through past the 8500 level it'll keep going for a while I think. What you should think about if you want to sell it is whether you really need the money or not. Can it sit in there and gain in value for some time? Or do you need to buy something? Pay rent? Pay bills? In that case it might need to be cashed out. But if it's something that isn't needed right now, it can wait. Frustration is natural in investing because it never goes the way you'd like it to go in the beginning. Have patience and good things will come. |
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The decentralized nature of bitcoin makes it impossible to by a pyramid scam. However, it could be one of the most well orchestrated guerrilla marketing stunts in history.
Guerrilla marketing is when the person trying to sell the product goes undercover as a user and then tells people that they should buy it. So in the case of bitcoin, maybe a bunch of people got together, created a concept, filled their wallets with the coins at a dollar a pop, and then set off to work. They spread the hype around the internet and after several months/years of hard work, boom! It took off. It's not hard to imagine, and it's not necessarily a scam, because they weren't deliberately taking money from anyone.
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There was a rumour that amazon is going to start using bitcoin and provide bitcoins for sale also.
I heard about the rumor and I think this is not going to happen. Amazaon might not accept Bitcoin as mode of transaction because we have a constant fluctuation in the value of Bitcoin and no cpmpany will actually like their assets to be in an uncertain position. However Amazon can invest in Bitcoin like Facebook is planning to go for investing in Bitcoin. Once bitcoin becomes more affordable for transactions, they might want to get into it. It's not quite at that level yet but has the potential to reach it once the network becomes refined. Lightening is a big step forwards, and also with the establishment of 5G and faster mobiles there is a potential for mobile mining as well, which would also drastically speed up the transactions, and therefore make it more appealing to retail giants. Amazon might also see it like a commodity. I heard that Amazon India sells gold online, so why not bitcoin? Where there's a market, there's Amazon. And they're pretty tech-savvy. They've got the most powerful cloud platform in the world right now. |
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Imagine how crazy that would have sounded not even that many years hence. In the near future, central banks and hedge funds will me reliant on a social media app where people share pictures of food and cats. Nobody would have believed it.
Yeah true. The best part is that the ignorant public believes that this is how these social media companies actually make money.... with memes, cat pics and grandmas baked goods. Not even close. They make 99.9% of the money from selling user data to other companies, who then use that data to target ad campaigns, email and telemarketing.... and sell to govt agencies to spy on us. So when a social media company like Facebook essentially tells their investors that they have stopped growing more user accounts, the investors dump the stock. Because they are not going to pay the same subscriber money to FB for access to the *exact same user account data* as they paid for last year, and the year before that, and so on. They already have that data. Precisely! And then what can they do? Create bots and sell their data? Facebook is backing itself into a corner pretty quick here, and they're gonna get despirate soon. Data privacy has always been a big lie. But what can we do as consumers, really? Either you don't use their services (and don't exist as far as most people are concerned) or you suck it up and let them sell your data. Google will even listen in on conversations and then throw up relevant ads based on what you're talking about. Really. I've got a friend who worked in an advertising agency with them. |
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The market capitalization of the crypto currency, which reflects the aggregate value of all bitcoins in circulation, was $ 105 billion.
Earlier, at least 2018 was recorded on February 6, when the value of the digital currency dropped to $ 6048. The last time the bitcoin rate fell below $ 6000 last year - October 29, when its value reached $ 5724.
Though even if I get you right, you were talking about the fluctuation of the market value of Bitcoin in the past . The units change in the value of Bitcoin affect the overall market capitalisation of which its could be attributed to so many factors ranging from fources of demand and supply etc. Also what about scam brokers? Can we account all of that volume as truly stated, or do you think that some brokers might find it in their advantage to exaggerate their numbers? It could make their platforms seem more robust, or more trustworthy to those looking for a better broker. Apparently almost all casualty numbers in any war have been grossly exaggerated by both sides in order to further their narrative against the enemy. It's the same idea here just the other way around. Bulk up the numbers to make it look more worth. And who's gonna check? |
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