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It surprised me that you didn't put the question if but when. What makes you so sure that Bitcoin will reach 250000$?
Having in mind volatility and all factors that influence the price and market it's very hard to tell how the price will develope long term and to my opinion this is exaggerated value.
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There are a lot Bitcoin conferences, events, courses and similar. It's hard to choose sometimes because some are good and some not.
I was at one international crypto conference and it was really useful and interesting with quality speakers and great for making contacts.
Before you go to the event try to find who are attendees, speakers, agenda, organizers, that is how you'll get idea if event is worth attending or not.
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So we need the governments to change their outlook and legal mindset on Bitcoin before we can expect Bitcoin to get into the mainstream use? Well, frankly speaking that is a huge admittance that without the partnership with the government Bitcoin can not reach its full potential. Sadly, this is the big reality we are all facing no matter if this is not the way Bitcoin is supposed to be. Now, having said that, the problem is that we can never expect the government to easily grant this request...and why would they? There must be incentives enough for the government to change the status quo.
But this is the reality. How could you introducr Bitcoin into social and economic system of some country if you don't have support of government? Exactly government is the one that provided law and legal framework who enables that. And not every government is hostile to Bitcoin, that is wrong perception. I think that many governments are trying to find the way how to implement and adopt Bitcoin but not to distrub current system. |
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What sharp dump? I see latest price fall as a usual correction that comes as a consequence of Bitcoin volatility. Price hasn't fallen that much.
News could cause fear and panic selling but in this particular case I don't see any connection and I.don't think this is the reason for correction.
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Hello I have spare $300 that my friend suggested to use to start cryptotrading, as this is the maximum amount of money affordable to lose. I have a month of free time to trade with btc. Currently I don't have income and I have three ways to set it: cryptotrading, freelancing as programmer, or full-time job. I chose to expirement and try luck with trading and freelancing, if there is no success with any for september, I will choose full-time job. If I can make about $500 per month with all of these methods or some of them, I can forget about job for a while, which is highly preferrable. So my questions are: - Can I learn and do trading for month to make at least some money(around $100-$250), while doing freelance programming? I can arrange 3-5 hours for each activity per day.
- Should I start trading on OTC exchange or regular exchange? I tried bisq to sell btc, but it seems like there you can do it with rather huge amounts of money I can't afford to make offer with. This is because of security deposit of 50% of trade amount. Maximum offer amount I can make is 150$ whereas there are more offers which range $100-$1000. They also seem more profitable for btc buyers due to less interest, than that I chose. After scrolling thorugh bitcointalk, my only options left for OTC are localbitcoins and paxful. And I don't really like any of these because of shitty customer support on both. Moreover LBC nowadays has attitude to KYC everyone, I don't like it because I would keep my personal information than send it to someone
You can do a combination of these activities. I have seen people do it and you can try it as well. Since you are keen with programming as a freelancer here is what you can do. Do some freelance projects in crypto and ask for payment in bitcoin. It is hard to find such projects but once you get it you are good to go. You will improve your skills and at the same time get paid for it in bitcoin. Invest the amount you receive into trading and earn more profit. Don't invest everything you earn. Save a percent of your income in bitcoin and invest the rest and earn and experiment with it. This is a good advice and strategy but it might take a while when he finds the project and get paid. Maybe he could also try with some selling stuff for Bitcoin and the payment invest further. It's not big amount but it's good to start and to get some knowledge and experiences. Also if he doesn't make a profit he will not be so disappointed. |
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Don't have illusion that Bitcoin transactions are anonimous. That was before, at the very begininig but now you can trace almost everything and users often forget that. If you want stay anonimous use cash and not Bitcoin.
We are value our privacy but having in mind all threats in crypto world we have to find the right balance between privacy and security and protection.
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I invest a part of my regular income and part of Bitcoin campaign income. Also, a part of profit is always invested further. It's important that is the money that I don't need for every day expenses. Also, I learned that to take a loan to invest might be very bad idea because of volatility.
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It's possible but very difficult.
To get financial freedom and to get fully independent from fiat money someone should have constant income or profit in cryptocurrencies and that is very hard to achieve. Even if someone makes it it's usually on some period but on long term it's almost impossibe. Unless for early adoprers who kept their Bitcoin long enough to make profit so big that enables them financial freedom for life.
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Bitcoin is not yet replaced in terms of market capacity and popularity but if we speak with its usability bitcoin was already replaced by few altcoins especially eth when it first introduced smart contrasts in blockchain technology its one of the most used feature of new blockchains today which bitcoin has none.
And what are that altcoins that replaced Bitcoin in usability? I can't agree with that because Bitcoin is still the most accepted and the most implemented coin in.real world. Some altcoins like Ethereum or Litecoin have managed to be good accepted by users but they haven't replaced Bitcoin, they are just used along with it. But none of altcoins have managed to achieve the value that would be competitive to Bitcoin and I don't think that will happen any time soon. |
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It's a good plan but not easy to achieve. Now you have constant income in Bitcoin but for how long this might last. Many have tried but omly few succeeded to get really financially free with Bitcoin.
For that you need to earn a very good profit and store ir or invest further successfully because Bitcoin income/earning from investment will not last indefinetely.
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why we should do KYC to trading on cryptocurrency exchanges given the fact that crypto came about out of the need for people yearning to stay anonymous .
not all cryptos mate . there are cryptos that are not anonymous while most are just partial anymous like for example btc . its still possible for someone to track you and know your balance or your name by using an explorer . when it comes to kyc , you dont really need to do a kyc before you can trade because there are those decentalize exchangers that you can use and there are some centralized exchange that dont require a kyc . Many people still beleive in illusion that cryptocurrencies including Bitcoin are anonimous, that is why are they so against KYC. But anonimity is past, at least for most coins and KYC is not a threat as many see it. I'm not sure that exchanges who don't request KYC run entirely legitimate business and obey legal regulations so doing business with them is tricky. |
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If Dubai and other Saudi countries is what you meant by saying Middle East, you can check the list in the link below: https://cryptoradar.co/buy-bitcoin/uaeMost of the listed services accept credit cards, try them at your own risk. I have to agree with that. There is always a possibility that you will compromise your credit card so.your have to accept the risk to get more convenient way to buy Bitcoin. I know some trustworthy services where it's possible to buy Bitcoin with credit card but unfortunately none of them isn't in.Middle East area. |
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We live in new modern era where technologies play very important role and with time nothing will be possible without them anymore. Blockchain and cryptocurrencies have become some new revolution, I would say, especialy in the world of finances. Still new world order sounds exaggerated to me. They don't have such a big power.
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I don't think that ICO market is dead but the big selection will be made. At one moment so many new coins appeard all the time but their background and perspective on the market was bad and everyone was only looking for quick profit.
That is changing, we will probably escape the flood of new ICOs but I think the quality and investment potential will be better.
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Someone will actually do this? And I don't believe even whales are not holding the cryptos worth of $250 billion!
The prices can be manipulated for sure but I believe manipulation won't stay for too longer so if someone losing their money to bring the prices down surely lot of small investors will buy them back and get more benefits from it.
I also don't believe that whales hold so much as some say. In general I think that whales are given bigger importance than they actually have. Price could be manipulated but only in some smaller extend, not so relevant for the situation at the market in whole. Story about the manipulation of price is usualy just excuse for unsuccessful traders. Otherwise how could Bitcoin be decentralized and independent if the price is manipulated all the time? |
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Unfortunately they are not the first or the last exchange with such destiny. That is why it's very important to be careful about investing funds with them. Usualy when I spot the first signs of problems and something that is suspicious to me I leave such exchange and don't use it anymore.
I wouldn't be surprised if I read one day here how users lost their funds with that exchange.
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Go back further in time to 2009-2010 and you might get super depressed on how cheap bitcoin was. I often think about it myself and what I was doing at the time. Really unfortunate that I didn't stumble across bitcoin in the early days.
We have all missed out of that opportunity either through ignorance, lack of trust or lack of awareness and that is gone already, there is nothing we can do to turn back the hands of time, all we can just do now, Is to look at the present opportunity and look at another 5 years more into the future, what are we going to be saying then now that we know. In the next 5 years when bitcoin turns to like $100,000, are we still going to be saying the same thing we are saying now, or would our future people be praising us for taking that right decision when many of us is wallowing in money? So, we might have missed those years but now is our own year and we can still make it right by making some investment in bitcoin right now no matter what even if we don’t have up to 1 BTC. I think that ignorance and lack of trust were main reasons why many didn't get involved in Bitcoin sooner. On the other hand we have to admit that it was hard to predict how situation will develope. But it's not good to regret now, there is no use in it. We have to use current situation as best as we can and not mis opportunities that are offered to us now. |
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Never say never and that especially applies to Bitcoin although I never liked exaggerated predictions. And it's very important who is making predictions, how trustworthy and experienced he is. Anyway, this is something I wouldn't be bothered with, just watch the market and act accordingly.
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Of course they can. Blockchain is type of technology, kind of traceable data base that could be used in any industry, so financial too. And it's not necessary to use cryptocurrency.
As far as I know some banks are already testing blockchain as well as some governmental institutions. In the future blockchain will be widely spread when all businesses and institutions realise its advantage.
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Bitcoin could be both, gain and loss, depends how skilled you are in handling it.
But don't trust predictions, especially those written on social networks and blogs, and definetely don't make investment decisions based on them. Think on long term and don't get fooled by so called Bitcoin experts that will provide you false anaylisys.
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