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Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.
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Just by even looking at our news about current developments you will see that more and more governments are being in favor with having a crypto industry in their country. Even the ones who have a conservative government or has strict views with crypto are starting to change their views and opinions about it, this only means that they are starting to see the benefits and opportunities they will have economically and financially if they become a crypto friendly country. The cons are also not that bad if they can be prevented with enforcement and additional laws.
Of course and that is logical development of situation. Governments also want to benefit from cryptocurrencies and they are aware they've become a part of the modern society so they have to find the way how to fit it in the formal legal and economy system the best. To my opinion all those theories about Bitcoin ban didn't have any solid ground and sone members of Bitcoin community just wanted to feel as rebells or kind of outcasts. Maybe only few underdeveloped and countries with strict authoritary governments will decide to go with ban but that will only be exception. |
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The process of harming the environment began a few decades ago, long before the advent of bitcoin. Today, global warming will bring a lot more problems than we could expect and all because of the greenhouse effect. It would be better if we thought about harmful emissions into the environment from industrial plants and cars, rather than looking for reasons to defame cryptocurrency.
It's true, we began ti destroy this planet long time ago. That stil doesn't mean that only older generations and old technologies are to blame. New technologies and cryptocurrencies also harm the environment, we have to face that, although not in.such big extend as some other human activities. But that doesn't mean we don't have to try to find better solutions when it comes to electricity and emissions that are connected to cryptocurrencies. |
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No, never. On Bitcoin itself tax is not being paid and transactions are still not under taxation. Maybe this is going to change in the future but so far there is no law about it. I think that majority of countries don't tax Bitcoin as a coin or asset, only Bitcoin transactions and in that I don't see a problem.
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I'm not in favour of Libra and I would not use it. I don't think it will be successful or profitable, it's just very promoted as a successful project but in reality I think that is far from the truth. Just because Facebook is successful and has a lot of users that doesn't mean that the Libra will go the same way.
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Personally, I don't think that any of social media is good source of Bitcoin related information. You can find really everything there, so called Bitcoin ecperts, fake news, bad predictions and etc. Information are usually not reliable and I would not recommend to get them seriously. Some find social media helpful but here on forum you will find much better information.
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Isn't Bitcoin decentralized and without of control of any country or institution? So, how could then China control Bitcoin and what are actuall indicators to prove that?
For me this is another conspiracy theory and I don't pay much attention to that.
Chinese bitcoiners and chinese miners are influental in community but we can't talk on control.
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With that said. It is a proof that submitting KYC should depend on the website that you are using. KYC is helpful even though you are not exceeding 2 bitcoin per day in withdrawal because it will make your account more secure since you have a proof of ownership to your account because of the identification documents.
KYC is not going to make your account any more secure that it already is. Your account is linked to your email and mobile phone number, and as long as you control these accounts your exchange account will remain secure. I don't think that sending your ID documents to unknown people will help in increasing the security level of your account. You have the wrong idea about KYC. KYC will not prottect your account, at least not in technical security sense, it's about protection of personal data and prevention of illegal activities like money laundering and similar. KYC should disable potential fraudsters that also you can make a victim of their activities. And based on.KYC you have a legal protection. |
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It sounds like we can't see a huge hike next month and might keeping at its current price range below $10k. Though I believe that we are prepare for the next halving but can't tell if we all are patient enough to hold our bitcoin up to that moment. Believing that halving has a positive impact to the market, we might able to see the bright side of crypto again.
I'm not sure that halving will bring some bigger positive impact. It's good to hppe and dtay positive but don't rely on that. Also, I don't expect Bitcoin to cross 10000$ this year, it's more likely that the price will stay in current range. There is no use in thinking when and how the price will rise sharp, every even small opportunity for profit should be used all the time. |
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Better long-term trading, requiring science and engineering. If you do not master the daily trading science then you can lose. Better buy Bitcoins and trade long term only or continue until the price rises higher.
It's hard to say if long term trading is better or not but it's definetely less demanding and less risky than day trading. Basicly everything depends on your personal preferences, competences and experience, how good you deal with risk and how much effort.and time you can invest in trading. But I wouldn't recommend daily trading for beginers. |
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Ha, ha, I just love such predictions with exact date and value of Bitcoin that will be achieved then. Seriously, is anyone really buying that as a real possibility? Let's get to reality and near future what is likely to happen don't just dream, no matter how good it might sound.
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I' not sure such conclusions could be made. It's good to be optimistic but it's not good to forget Bitcoin volatility and how easily market can react and change. Speculations could be tricky and mislead you so be careful with making decision. Corrections are always possible and to my opinion Bitcoin hasn't reached the bottom price yet.
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Using Bitcoin is not as difficult as people assume it to be. If you are little tech-savvy then creating wallet and doing transactions is very easy, especially when we have simplified wallets like Electrum and MyCelium.
I'm not saying that it's hard, but there are caveats, and when you combine it with the fact that Bitcoin is very unforgiving, there's a lot of potential for negative user experiences. The more serious issue is that Bitcoin doesn't solve any specific transaction problem except anonymity. Let it be convenience, speed, universal applicability or fees - the traditional methods outshine Bitcoin in all those aspects. We can argue that Bitcoin is more secure than traditional methods but again I am a banking user from last many years and done lot of transactions. Till date I never faced a single instance where my security was compromised. So when people like me who are in bitcoin business from last many years don't have any complain from banking security then how can we expect general public to turn towards bitcoin without any reason?
It's not a problem, Bitcoin wasn't created to be faster or more convenient, it was created to simultaneously be a long-term store of value and a currency. Unlike with cash, you don't lose value to inflation, unlike with banks, your account can't be seized, unlike with gold, you can easily spend it. But, like I've said in the previous post, the population doesn't value this property of Bitcoin much. This is not entirely true because your Bitcoin wallet can be seized too in case of illegal activities. This is not the point now and it's true that Bitcoin has a llot advantages that people don't recgonize. Since Bitcoin is decentralized and there is no institution that is in charge for it who exactly should be the one to promote Bitcoin? No one, except Bitcoin community and obviously we lack a good promotion and education. |
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Do you want people to put on headsets and listen to this podcast for 28:33 minutes? why would people do that? I think you should listen to the podcast and then summarize what they said and post in this thread the summary you made I would love to know your thoughts about where we are going and how you think the landscape will change. if enter a lot of money in the crypto market, I believe that the volatility will not be very high as it is today, at least we will not see high increases and followed by very large falls Partially yes, a lot of money can make the price more stable for cryptocurrencies. But where get these all money? The most controversial thing that people don't want to invest in cryptocurrencies by high volatility and fix this volatility could a lot of people with a lot of money  A lot of people join with crypto to be faster rich person, they think bitcoin and altcoin are the best way how to get much profit in short time, maybe many people lucky by choosing an altcoin and get much profit, when you make mistake with get bad coin you have waiting more than one year for getting back your investing and stop for dreaming much profit. And that is wrong thinking. Bitcoin and altcoins are not the way to get rich over night and as soon as some realise that they end up deeply disappointed. If you are smart and experienced trader and investor you can make decent profit over reasonable period of time but it's not likely that you will become rich. Dealing with Bitcoin you are exposed to risk all the time and occassionaly you will make some mistakes too, so that should you count on. |
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At the moment AI doesn't have any special impact on trading, except maybe in trading bots in broader sense.
But with further development and implementation of AI I'm sure it will have. More automated processes in trading will appear with less human interfearance. However, I'm not sure how good that is and in what extend AI can replace human decision making.
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This is hard to tell but personally I don't expect some bigger price changes or significant price rise. Maybe we can expect for price to reach 10000$ but to my opinion that might be the maximum for.this year and it's more likely that price will stay in current range unless something unpredictable happens that will drive price fast forward.
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I support every effort to protect environment, no matt how snall it might seem. I'm aware that Bitcoin mining and Bitcoin transactions are energy consumers and thus also producers of polution for our planet. But we also contribute to that by sending emails, using banking transaction and similar so it's really hard to find the balance. between progress and ecology. Though U think it's not impossibe, there must be a solution but I'm not sure that Bitcoin users or miners are the right address to start with.
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Maybe yes. (but I'm not sure yet). Libra is said to disrupt the financial system because it will potentially become a world currency. As far as I know, Facebook has launched a cryptocurrency called Libra since a few months ago. The aim is to make it easier for people to send money around the world.
No way, Libra can't disrupt financial or economic system, it doesn't have such power. Actually, Libra hasn't achieved any success at all and failed according to all expectation. Also, it will not become world currency. And what exactly that means, that will be officialy used in countries all around the world? I don't think so. |
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I think that every trader is aware what he should avoid but sometimes it's hard to resist the pressure and ignore the influence of so called Bitcoin experts, social media and similar.
That is why it's very important to have self confidence and to be calm and patience. But that needs time and experience so before achieving that level every trader will make some mistakes too.
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How many similar predictions I have heard so far. Every year is the "next" when Bitcoin will reach some magic price and everyone will become millionare. Honestly, I'm not buying that and I don't pay attention to such exaggerated predictions falling out of the blue.
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