Bitcoin was created to provide independence from Government control to the users. But I think it is not so independent. ..............
Kindly correct me if I am wrong.
Exactly. If bitcoins are decentralized and a currency itself then how can it depend on any other type of currency and why should it? Bitcoin does not explicitly depend on the dollar, but at the moment the dollar is the standardized measure of value in the world as the most popular and well-known currency. Their dependence can be manifested with the general market fluctuations, but usually they affect the entire financial market. |
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if the government prohibits the circulation of bitcoin then the price of bitcoin can be influential and certainly will make the price of bitcoin fall and collapse because many people will panic.
Any ban by the state on access to any resources on the Internet leads only to the fact that almost instantly there are bypasses. Panic can occur only in people who do not understand the principles of the Internet, and the number of such illiterates is constantly decreasing. Therefore, there is no need to fear the ban on bitcoins on the part of the state. |
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We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
The state wants to control its citizens, and control over finances gives powerful levers for this. Bitcoin, like the rest of the cryptocurrency, almost completely avoids such control and makes people more free. |
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Ohhh maybe there are some crypyo coins that can replace the function of traditional banks?
Modern banks have too many functions to replace them with cryptocurrency. And even if the crypto will be able to perform most of these functions, the banks will rather change their approach, possibly reorganize, but will still function. As an example - loans, who will give them to people? After all, this function will always be in demand in one form or another. |
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After reading a lot of posts made by people on this forum, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
Bitcoin is currently a means of investment and capital increase, bitcoin is volatile. Gold - on the contrary, is a means of saving capital and is extremely stable in its price. From the common in them is that both types of currencies take the leading positions in their spheres. |
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We can only use it. This is all that we can. Ordinary people get used to any changes for a long time. The more cryptocurrencies are used the more people start trusting them. We need time.
In this case, you need not only time, but also a constant reminder of the existence of cryptocurrencies, their advantages, the possibilities that are opened by using a blockchain technology. Advertising, articles, notes all this will contribute to the development and adoption of сryptocurrency. |
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Limited information about cryptocurrency makes it difficult for people to understand crypto, digital currency, blokchain technology and others. even the government itself tends not to want to know or even care about crypto, but all can be overcome if the government itself provides facilities or public services that contain all types of information about crypto so that people can understand crypto easily and quickly.
Such information is not limited and everyone can access it. The obstacle is only the mountains of debris and not the perfection of search engines on the Internet. In order to find the information you need, sometimes you need to spend many hours spamming, advertising, and other useless trash that the internet is jammed with. |
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One thing that really surprises me is how some new projects come into blockchain and start spreading false news and making baseless analysis that bitcoin will fail all in the name of making their own project a success. In crypto, we should accept that bitcoin is the KING and anytime bitcoin falls, all other altcoins also fall. I have read news where people were predicting that bitcoin will go back to 1k and now that bitcoin and other cryptos are down, they are changing their predictions to favour bitcoin. This all proves that their plans backfired and they are beginning to realize that when bitcoin is down, most other alts will be down. All these news we spread rather drive away investors and at the end of the day, we all lose. Why can't we unite and spread good news rather than hate one of our own?
Just one of the types of marketing. Putting the competitor on the negative side. we draw more attention to the positive aspects of our product. Playing on contrast always brings its own benefits. Not always rivals want to lead an honest game. |
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#Proof of Authentication
Telegram: @mdreamx
Username: reverseflash
Bounty: Signature Campaign
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yes it is, without it, how can you possibly convince the investors to invest on a certain ICO if you dont have anything in return that can be useful after they put their money on you.
In fact, many projects, not only in crypto, find investors not yet having a ready product, because without investments, they will never be able to create the final product and will only give their plans for the future. Yes, many of icos don't have any products, they just put forward a idea and then start ico, even if their ico successfully implements hardcap, but they don't really want to develop any products, they just earn ico Money, this is a bad trend. In this case, the availability of the finished product from the project can only serve as an additional guarantee, but not necessarily lead to success. |
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yes it is, without it, how can you possibly convince the investors to invest on a certain ICO if you dont have anything in return that can be useful after they put their money on you.
In fact, many projects, not only in crypto, find investors not yet having a ready product, because without investments, they will never be able to create the final product and will only give their plans for the future. |
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Considering that many countries have recognized and legalized cryptocurrencies, and some plan to completely get rid of cash. Blockchain will be the optimal solution for security and reliability.
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I think most of the experienced people prefer HODL option because no one of them wants a closed position in the red.
Most experienced people in the red market are buying up coins at a bargain price. The fall can not be infinite, and the price increase will soon begin. |
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If you do not know how to trade in a bear market, then you just have to hold on and wait for the price increase. Too long such a state of the market is unlikely to last.
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In order for the ICO to end, you need to completely run out of ideas for development in people, and this is only possible if people stop thinking.
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If you participate in the signature, then maybe the longer the bounty the more steaks you earn. But not for bounty blogs and social networks.
And provided that your rank is "Hero". If your rank is "Jr.member" then the reward will be less if the campaign lasts a long time (subject to meeting the campaign requirements) |
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Perhaps the ethereum is driven to the very bottom, in order to make a very large purchase and get the maximum profit on it. I do not think that the popularity of the ethereum so sharply began to fall by itself and the coin depreciated.
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I am a newbie just trying to grow on this platform. Within a week of participating in altcoin bounties, 2 bounties I participated in have been reported as Scammers. I get a lot of reads on my articles and Social media pages. I cannot keep encouraging people to invest in these altcoins if they would eventually get scammed. How can new bounty hunters like myself differentiate between a genuine bounty and scammers bounty?
To avoid fake ICO's or bounty campaign, you must check thier flatform, roadmap, whitepaper and telegram communication. but what prevents swindlers from creating a literate road map, correct whitepaper, etc.? My opinion is that the team that conducts the bounty campaign can serve as a greater guarantee of an honest project. |
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Do you sell because of the rise/deep in the market, or do you sell because you actually needed the money and not because of the deep/rise of the price, or you're the type that just jumps in pick some profits and jump out?
I am a long term holder of altcoins. I sell my tokens (both alts and bitcoin) when I am broke, and when I need some money. I don't sell because there is a deep in the market, I sell because I need to. So, what about you?
I only sell when reach the taget of me.  don't sell when the market goes down. That is not a good way to invest When the market goes down that isnt time to sell but time to buy  But in case you already have a coin which becomes cheaper, and you don't want to lose too much, then it is possible to sell this coin at the beginning of falling of the price to redeem it back when its price it is lowest. |
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If your wife is an expert in the field of cryptocurrency, then of course listen to her. If she is a psychologist and believes that your presence in the cryptocurrency spoils your health, then, probably, also listen. Otherwise, it's up to you to decide whether to sell or hold on |
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