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Honestly, I don't see the reason to celebrate.
Somehow many think that 10000$ is some kind of barrier that once is crossed everything will go easier and Bitcoin could easier achieve 15000$ or even more. But from the past experiences we know that it isn't so.
In fact I don't expect more significant price rise in upcoming period. The price will probably go back and forth all the way until the end of the year.
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No matter the governments and regulations I don't think that Bitcoin will ever have real mass adoption. The reason for that is nature of Bitcoin, not equal techical development in different countries and limited supply. With these features I don't think how it's possible to ensure mass adoption all around the world. And it's hard to expect unique attitude of all regulators towards cryptocurrencies.
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Bitcoin didn't become number one coin over night. It took many years to achieve the level of acceptance, a umber of users, trust and price value that has now.
There are too many coins at the market and many aim to take Bitcoin's place but that is not so easy. I don't see such potential in any other coin and success for any of them would certainly not come over night.
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Facebook is losing popularity and great deal of users so he tries to compete and keep track somehow.
Libra is latest try but I don't think that coin will be successful. They wanted something different from Bitcoin but to gain same acceptance and popularity but I don't think this is going to work.
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Almost every cryptocurrency exchange during its existence is attacked by hackers and make fraudulent actions, this is not an indicator.
Yes it is. Places like Bitstamp and Poloniex have been hacked. No customers were expected to bail them out and they moved on from it without any outrages since. It doesn't matter for some fuckhole like Yobit. It certainly does when an exchange and its offspring makes up a huge part of the market. I think that is important because it's an indicator how little some exchanges invest in security. And that also shows how (little) they care about their clients. For me that is all an indicator if I can or can't trust money to exchange and how trustworthy they are, how they handle with issues. |
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I don't know why are people so much obsessed with comparisons of Bitcoin and fiat money. We need both, both have advantages and disadvantages and both could be used on our benefit. Cryptocurrencies are not trying to fight Bitcoin although many think so. Fiat money will continue to run economies all around the world and cryptocurrencies are trying to find their place in that system.
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Banks will be not run out by cryptocurrencies but they will modify their business. With time they will implement blockchain technology, at least in some limited scope and also begin to offer crypto related services to their clients. I think that is the future.
But cryptocurrencies will not replace banks and banking, if still someone thinks that and banks will continue to exist in their essential role.
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I thought the Chinese government banned the use of Bitcoins and other cryptocurrencies about two years ago, I don't see how and why they changed their minds and are deciding to accept the use once again. Maybe they realise that they are indeed missing out on the perks of allowing their citizens using it.
If the Chinese government will recognize Bitcoin as a legal payment tool in his country, I think the United States will do the same thing too, because they are both at war economically lately, I think in the future China will become a country that adopts Bitcoin as their currency to kill American dollar. With accepting Bitcoin as a currency China will not kill dollar. Even if introduced into economy system Bitcoin can not so easily endanger foreign currency, dollar is not that vulnerable. Also I don't think that US will follow Chinese example. But I have to adnit that China could surprise us with their crypto related decisions, from very restrictive regulation towards miners to acceptin Bitcoin as a currency. Although this is yet just a speculation. |
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It's not easy at all to get the profits you mentioned. Actually, it's rather hard to make continuous profit either on dayly or monthly level. If you stick only to certain percentage of profit you might get disappointed because there will be times when you will not achieve that.
Since there is no profit guarantee or easy way you should choose the strategy that suits you the most. But you have to also include some loss into your calculations.
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The excitement of bitcoin has already started since bitcoin price can now fluctuate between $10k and $13k easily. The year 2020 will be a magnificent year for all of us to celebrate when the price hits $25k
Bitcoin is no doubt one of the stable coins, But sometimes circumstances make it often feel like that the price us unpredictable. Bitcoin is really struggling between 10k to 13k. Lets we will get some better outcomes in the next year. Bitcoin should be at least 20k usd, so that we people can give it a little more attention. How is Bitcoin stable coin? Volatility is one of its main features and is always present. Sometimes the volatility is very mild so you might have the feeling that price is stable. Regarding expectations for the next year I would be very cautious and at the moment wouldn't expect too much. To my opinion price will continue to struggle. |
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I don't think the AV is useless because as far as I've seen, the AV help the user to prevent the malware, virus, or even attacking from the other connection. The AV will alert the user to block, scan, or do something related to the current situations. It is up to the user if they want to install any of AV because I am sure that the user will want to protect their computer from something that can damage their computer. When we install Windows 10, the software has Windows Defender that will help the user to protect from the incoming attack, but we need to have the other AV to support and prevent the attacking.
AV is not useless. In fact for Windows is a must. But you have to keep it updated all the time otherwise is useless. Many people are not experts for cyber security, don't know what they can or can't to do protect themselves and AV could help them to protect computer or other device. To ny opinion AV is necessary for mobile phones too, maybe even more than for computers but many people are not aware of that. |
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It's not that McAfee is some kind of Bitcoin expert and authority and I'm against to give attention to such statements and advice but this time he has the point.
There is no reason to panic or to sell every time when price goes down. Recovery always folliws and this time happened rather soon..
Still I think it's much better to follow the market and your own experiences and knowledge than listen to persons like McAfee.
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To my opinion now it's not the time for selling unless you've paid Bitcoin very cheap or you really need money.
But if you have some emergency money better use that that than Bitcoin. When the price goes more up you can sell some smaller amount of Bitcoin and replace the emergency cash you spent.
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If you are involved in Bitcoin for a long time you shouldn't be surprised by that, it's quite normal. Bitcoin is volatile and price changes, pumps and dumps even quite quick and sudden are normal.
But I guess if you are new in Bitcoin world such price changes might be a surprise for you until you learn and get some experience.
Anyway, this is normal situation and nothing to be worried about.
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In the flood of ICOs is really hard to tell which are worth investing. Sometimes is also hard to make a proper background check.
Even if it's not about scam majority of ICOs will not end well on the market so you will not make profit or it will be very little. That is why to my opinion ICOs are usually not worth time and money. Don't let greed to be your only motive.
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I don't believe the wealthiest will reveal their identity and their assets to the public, that will endanger if not their lives their assets as well. Shallow waters are the noisy waters so I believe these so called self proclaimed wealthy people from cryptocurrency just want popularity. They want to be talked about and be famous. Some wealthy people are talking about how wealthy they are because they are promoting their businesses and they want to convince people by their financial statuses in life.
I also not believe that the richest person will make him feel threatened criminals by spreading his name who has become the richest person, it makes no sense and I'm sure you arw right someone who wants to do popularity to the public is the possibility of fake news. for the OP HODL article its not something that is sure to become rich without continuing to adopt I never found someone who publicly stated that they have thousands of bitcoin in their wallet, maybe we can only see it on the blockchain. see thousand of bitcoin, in one addressed. Yeah, I think rich people will never say the amount of their wealth. one that we know publicly is the owner of gambling sites and exchange sites  Of course wealthy people should not make a public post on their crypto assets for the sake of security.As long as you are thinking rightly,you will surely avoid posting publicly that will give some hints to the hidden scammers.I think the wealthiest people for now are those considered the early adopters of crypto. Exactly that is the reason why I think that people who are really wealthy in Bitcoin are anonimous. Who smart enough would reveal identity and become a target? Those who only show of are not the biggest Bitcoin owners, that is my opinion. Security is very important. |
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Some economists make the predictions that econimic crysis is coming and that will affect majority of countries. But when exactly is this going to happen it's hard to tell but we all know that crysis come in cycles every now and then.
If and how is this going to affect the crypto market is hard to tell. But I guess that some crypto stash might help us to overcome economic crysis easier.
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Every investment is risky and unsecure, that is nothing new. Bitcoin is not exception and the risk is maybe even higher. What you always can count on with Bitcoin is volatility and that sooner or later you will experience loss. That is why is probably most important thing not to invest more than you can loose.
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I don't think there are tricks that will help you to become successful trader, Bitcoin is not an easy money like some think. But there are some rules you need to follow. Buy low and sell high, be always present on the market and don't expect unreal profit, be always prepared for dump and don't invest more than you can afford to lose.
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bitcoin has a lot of similarity with Gold that make it recommendable for storage of asset and value during economic crises; such factors as durability, fungibility and scarcity. However, its digital nature give it some advantages to Gold; its easy storage without third party, easy and better security, liquidity on the internet, potability and divisibility.
Yes, but that could help only individuals during some economic or financial crysis. Countries can't do that because as far as I know Bitcoin isn't formaly and legaly introduced into economy system of any country in the world. So countries could use benefits of gold for their ecomies but they can't use Bitcoin. |
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