Perhaps not immediately, but in the near future it will surely be possible to replace fiat with bitcoin
i don't think so, i think we cannot deny the fact that bitcoin cannot replace fiat but maybe in today's time but a different news 50 years from now. Given the present condition of society it is but necessary to educate all citizens pertaining cryptocurrency so to prepare and pave the way for bitcoin economy to take place in our society. If we are not ready and only a few accepts bitcoin then bitcoin cannot replace fiat currency. |
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It could enrich a very small minority of early adopters. Depending on what these early adopters do with their new found wealth, they could bootstrap other social improvements. It will probably not result in increased (effective) tax evasion due to the wide range of levers available to collect tax revenue. Although an increased informal sector may result in governments shifting towards regressive taxation such as consumption taxes to offset the evasion of progressive taxation.
People like me who lived in third world countries will have the chance to earn decent amount of money through Bitcoin. I think through Bitcoin unemployment rate would be lessen. Bitcoin related businesses will appear but it depends on the governments move about crypto currency policy in a particular country which sometimes affect traders and even the Bitcoin community. Bitcoin is the best investment asset for unemployed or third world countries because of it's volatility. |
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Bitcoin is a special reason for other coins, there are many good qualities.Bitcoin offers more opportunities to people than other coins.People can fulfill their dreams through bitcoin.Bitcoin is able to change the lives of people.Bitcoin helps people a lot in financially.Bitcoin easily makes many profits to humans.Besides, Bitcoin is easier to invest, less profit and less risk.So, bitcoin special from others currency.
It is just surprising that most people only see the asset part of bitcoin anyway. I have asked most people before what they really understand by bitcoin and trust me, a huge percentage of them have no idea how the whole blockchain technology works except from the fact that bitcoin would help them to make a lot of money. Bitcoin has really shown us the light in a kind of way in the way we spend and that is what is going to always make bitcoin unique compared to normal currency. |
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No matter your level of Education, you can not know the nooks and crannies of Bitcoin until you learn, research and develop passion for it. Are all these not similar to any employment itself? Your innovative ideas and creativity are beautifully rewarded in this field. We can there by infer that knowledge is key here and any level of Discipline can take this up as either a full task or a part time task , depending on his prevailing situation. Hence, unemployment reduction through Bitcoin is not with Dismay.
Yeah some how it could help you solve the unemployment problem but that will only be depend on the each of us, there are people who are lazy enough so they cannot expect that the money will come unto them. The online world is so risky, you have to consider all the possibilities and not only the brighter side, accept the risk for you to be able to manage it, and once you surpass that then the success is very sweet for you. |
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I also believe that it can replace in the future because the cryptocurrency today is in the mainstream and even countries are banning bitcoins because they are scared that more people will turn their focus on the cryptocurrency more than working on the corporate world. I think many countries have not even heard about the bitcoins, so paying in bitcoins as a mode of payment is very difficult and it will take a long time to happen, but dollar is widely used and widely accepted in every country, bitcoin is new technology and dollar is traditional, bitcoin will more stronger in future but I don't think it can replace dollar worldwide. As dollar is the universal currency and many of the country use it universally even world bank gave you loan in dollar so, its very hard. |
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Paper money is practically impossible to eradicate paper money will always show is presence in future too, as the market cap of paper money is huge .it will really take a long time before cryptocurrencies fully take over
It is about using it and replacing paper money. Trust is not an issue here it is the way of how it can be used by other people who dont know anything about it. Yes technology is at our hands but think about those who didnt know what is it. It will be a long time to explain and those people might also not listen or may be it will be eliminated completely who knows. |
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i am trying to search best coin to buy always fail.i think you can buy any coin for your own method .its best for u.Now bitcoin higher than any other coin.if you buy bitcoin and hold for a long time i am sure you cannt lose.bitcoin price higher than higher day by day.So i tell you donot waste your time and buy bitcoin and hold for 1 month and you see magie.At lest i am advice you that you can make any decision for u own mind never tell other.
There are two different facts related to your statement. If you see the question deeply, then bitcoin will not be the suitable coin to buy as the prices of buying is much higher today. Other altcoins and the cheap one especially covered in this circle. But there is another picture, and if you ask from the impotent-coin aspect, then surely bitcoin is expensive but most efficient coin. |
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Before trading, you should have the basic knowledge of economic skills which can drive you to make decisions in trading. The most important thing is you should keep patience whenever the price is high, low enough, especially losing money. Do not sell your coins, it would rise again.
Media is too vast and specially social media is very effective way to learn about cryptocurrency. On the other hand, this will introduce to you how is being used, what do traders really encounter with this and so on. I suggest that you read here because conversations here have been truthfully experienced by the traders and also this forum is a great source of information for newbie or new traders to learn and earn good. |
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When the market drops, I prefer to sell a large part of the investment portfolio. This helps to control risks. This makes it possible to buy coins at lower prices.
Yeah every wise man is in favor of grabbing s during dumping period because s are gems and if gems are available at low prices, there is no reason to miss the chance of buying them. You can only sell them high when you have bought them at low and that is only possible with buying in dumps and hold for the future to gain more profit. Dump is the only time that gave you time to collect as much as you can because you know that in the end it will end into gain. |
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after this major price correction. i want to see what are your ideas on this. lets say you bought bitcoin 2 years ago. you notice prices were high at 19,000$ should u sell or continue to hold? what are your thoughts after this huge correction?
it is probably too late to sell after holding since the 19000$ correction.
Why would you do that thing buying in a high price and selling it in a much lower one that is called panic selling and it is better to hold your coin in that thing rather than to sell it in a much lower price. Because we all know that the bitcoins are volatile so it is not impossible fro them to lose their price tomorrow morning or regain it the next day so if the price is not right then just hold it have a little bit of patience for you to avoid those losses in your account. Yeah this is what we called short term trading. This will only result in loss of your money which is not the thing which you are expecting from bitcoin like you just have to invest and wait for it to rise not to sell on short time of period. You only invest your money to have some profit and that you can only get if you go for buying at lower rates and later on selling them again at higher rates. You need to think for a while before making any final call. |
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Do not be scared of holding, or trading, just do whatever you prefer about both.
Do not be so dumb.. the market is full of opportunities at the moment and just letting them go off is a bad idea.. Everytime that i see an opportunity to make at least 0.01, i take it.
But there are some coins who are in the market only waiting for us to hold them up for a longgg time to make incredible profits.
Other than day trading holding is a passive way to gain a lot of money and trading is an active way to gain a lot of money and you can do them both if i were you i am gonna do it both for double income. Holding if meant for those coins that are succes coins that are famous like ethereum bitcoins and litecoins and other more. |
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What do you think about the fact that cryptocurrencies will literally be the future ? In a few years, it will exploded and, be rich if we hold many ?
In the near future, I know cryptocurrency will be known to the world. There will be more investors. And we all going to be rich and could achieve our dreams. Yeah crypto currency is becoming popular day by day and getting accepted around the developed countries, crypto currency is using in many ways and many sector. It is becoming a alternative currency in recent years, Japan already has approved Bitcoin as a legal currency, so it can be predicted that crypto currency will be a top choice for being a currency in the future. |
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Crypto I believe it is the future and we all know it is still growing day by day so we need to learn more and to experience it more, to understand what is the best way to get benefit on it and by that I'm sure everyone of us will become successful because we are in the right tract.
I think it is the important to have good knowledge about the cryptocurrencies because it will become a way for you to make money from them because you will know how significant is the cryptocurrency in this world and how can it really change the world in payment system because of its fast transactions and also more affordable fees than others. |
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now it is 2018 means less 4 years to 2022. I think 4 years time is not enough to make bitcoin used by everyone. Many countries that do not allow bitcoin even there are still many countries that resist and fight bitcoin like in my country. Then according to survey only half of the world's population has got internet access. So I still think it takes a long time for bitcoin to be used by everyone.
Hope so, but I think it depends upon adoption of the people. if we continue to spread the value of bitcoin in our life people will understand and there will be a massive adoption of it. It big merchants, financial institution will be convince to integrate bitcoins in their businesses also that would be a very positive sign plus in the future we have to go cashless. |
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I still have my job as I never left. Leaving a job for cryptocurrency is not a good idea because bitcoin does not produce a steady stream of income enough to carry out daily needs and others. I work and I have investments in bitcoin which I am holding. Also when I get paid I put a small part aside which I also use to buy and add to my cryptocurrency portfolio and I hold those too.
Yeah same like you I am also blessed enough to have a good job paying a good salary to me and because of that I cannot spend enough time online behind bitcoins as my first priority is to concentrate on my full time job from where I get steady income and bitcoin is just an bonus for me and i am also investing monthly from my salary to achieve good in the end. |
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“One of the keys to a trader’s success was not the results of a trade but rather how a trader reacted to the results of a trade.” – Dan Gamza
Why me? Why did this happen to me? Those are some of the questions that disturb losing traders. After a series of losses, some of them develop hatred for trading. Suffering that results from negative trades, drawdowns and margin calls can make people easily disappointed in trading.
Nonetheless, no matter how bad your trading is, it could’ve been worse. No matter how bad things are, there are still some reasons to be thankful, if you can think deep.
There are events that move the markets and which professionals focus on. These events often are filled with uncertainties, bringing profits and losses to people. Just some months ago, Greece was a hot topic, and speculators were mulling opening positions on the seemingly overextended markets, but some had serious misgivings. At times, the stakes may be higher than the rewards.
There Is Really Nothing Like Losses
There is really nothing like losses, for what brings losses to some people is what brings profits to others. The market moves up or down – not losing up or down. When you buy EURUSD and it goes up, you win (but a seller will lose). When you sell AUDJPY and it goes up, you lose (but a buyer will win). When you enter a direction in the market and it moves seriously in your favor, all those who go in that direction will make money, provided there are no wide differences in their entry prices.
What you call losses is what brings profits to some people. What you call profits is what brings losses to some people.
People Don’t Learn Their Lessons
Despite well-meaning efforts to solve the problem of loss, there are millions of traders around the world who’re still losing because of dangerous trading habits. People don’t learn their lessons.
During a funeral process, many attendees will be remorseful, thinking about the brevity of life and futility of wickedness, anxiety, love of money and so on. But once the funeral is done, you’ll see many of those attendees living their lives as if they’d not die again.
Too many traders lost in the past because they didn’t use stop loss on live and simulated accounts. When they come back to trading, you’ll see them using the same trading approaches that led to their downfall the last time, namely, high lot sizes and no stop loss. People don’t learn their lessons.
Traders who test new trading ideas on demos don’t use stops; and I wonder how that idea can survive on live accounts in the long haul, because they may apply it to a demo account once they’ve been lucky enough to gather some gains.
A Way Out?
After many years of grappling with the markets, traders who complained in the past may later show their gratitude; and for the fact that the markets cannot be blamed for what happen to them (though we may feel disappointed sometimes). There are days when they become sad, and they complain when they think of their seeming helplessness. Nonetheless, they’d have come to understand that the markets don’t set out to punish individuals.
Interacting with good traders as well as reading about super successful ones would’ve made them stronger psychologically and kept their spirits up.
Reflecting on a possibility of a risk-free trading approach reassures those who’re currently losing. Good trading coaches care about them, knowing full well that the end of their struggles is in sight. Focusing on such hope can give a trader the fortitude to endure certain negativity now.
Conclusion: Are you disappointed in trading? Well those who currently make loads of money from trading were once disappointed at some time in their careers. Those whose marriage is now successful were at one time, frustrated by their spouse. But these people, for example, profitable traders (as well as happily married persons), looked for solutions to their problems and apply those solutions faithfully. That doesn’t mean they’re luckier or better than others: that means they’re able to overcome the causes of frustrations and disappointment in their careers.
This article is ended with the quote below:
“Markets are people. So beating them asks for insight in what they are doing. And, perhaps more importantly, how they feel, because that will direct their future actions and, in the end, what markets will do.” – Dirk Vandycke
I think that at the moment the market is very bleak when the price of bitcoin and altcoin are continuously reduced for several consecutive days and there are no signs of recovery. That is what leads to loss and failure in the trade, can see that with a market is going down if you do not have specific plans to trade then the risk of trade will be very high and you will not be able to control of the loss. Usually trading may seem like a very difficult and a complicating job for many users who seems to quit from the first try, experience and patience those are the things that I learned from trading for a year, experience is gained from losing and learning from our mistakes, that is why you don’t be a quitter when you lose at first, just make sure to take you lose into consideration. |
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I don't see it dropping to $5,000 at the moment.
Maybe $6,000-6,500 but no way I see it dropping all the way down to $5,000 (at least at the moment).
Well we can expect anything from bitcoins but surely prices below $5000 are not acceptable. Reason is obvious, as long as prices re getting down, there are people who start selling right away but at some time a big number of legends are there too who start buying. This equalize the matter of increasing and decreasing of prices at same time. So whatever people say, don’t worry prices won’t go believe this threshold. I think you cannot even predict the fluctuation or price of bitcoin or cryptocurrency. We can't predict the situation so on my opinion everything is possible. I believe it will recover and back to it's consistent value but as of now idea when it's gonna be happened. As of this moment many users still have huge losses and they still hoping to recover and back their losses and soon it will gonna be a huge profit as long as it will hold as much as possible. |
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It is my regular hobby to monitor new coins and it is good to monitor if you want to stay in the crypto market then the monitoring is the good way like this money we can perform different prediction about the coins future and if we now predict a coin then the investment strategy can be developed for that and it is true that the value of bitcoin is more than every thing so if we think about the new coins which is new to the market then at this time we can judge the strength and value of this currency.
Yeah you can do it through thus forum as well. Every coin get their before going to coin marketcap. Those new coin when they got big exchange will sure to have a good pump first because holders of that coin will sell it in a low price because they just buyed it in very low price when it's on an ICO and professional traders will think that way so they would the newly listed coin because almost of all newly listed coin on every exchanges are newly ICO coins. |
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hello guys , i just want to share what am i doing right now to my children, i have a 10 year old kid , he is david . this coming summer i want to teach him about cryptocurrency. especially bitcoin, from his young age i want to share him my knowledge about this kind of things. im happy that he is excited a little bit however it's so hard to explain but then i use some examples like video games as a reference about bitcoin. probably it might be the easiet way to understand how this things works. for example bitcoin is like a video games, you need to do a lot of research about bitcoin to know it and ask some people what they know about bitcoin or like experiences , like games you need to do a lot of practice to mastered the games , can someone help me about this ?
Your intention to your child to teach bitcoin is good you just wanted to teach them how to earn money and save money for their future butI think as a children let them do what they wanted like playing because being a kid is the most happy stage in our life. Maybe the right time will come when they are ready to learn about that Yes in the teaching prospective and business prospective we can teach them. We can teach our children about cryptocurrency but it depends on their age because if we teach them and we know that they will understand bitcoin,it just a waste of time and effort.We should teach our children if they are already a teachable and understanding child.We all know that the children nowadays is very modern,so that there is a possibilities that our children will know how blockchain works. |
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I think bitcoin is suitable for short-term investment, because the bitcoin market is too unstable, and the price of bitcoin fluctuations, and future development is difficult to predict.
I have experienced both but i usually prefer long term as compare to short term and the margin of profit in long term is greater than that of short term. if you are a patient person that hold coins, and in short term you can benefit in times 100 profit, maybe it depends on your capability which is best suite for you, if you are long time trader you will profit on both of them no matter what. |
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