~ snip ~
Actually I never do invest right now with it comes in money I only invest my time and effort in earning through bounties and by that I can't lose anything maybe I lose my effort because there are some campaigns not given my total whole rewards but suddenly I earned well. By simply following a bounty campaign you can already earn a pretty good income, but there are times when you will someday invest the income you earn, because if you want to earn better income is by way of investing. This is indeed another way to make money if you know to it. Thats true, human needs every day will rise. and if you just rely on the free method I'm afraid it will no longer be enough for you. actually an excellent investment for your finances. if you're afraid of risk you can look for a low risk investment. by adding investment I guarantee your economy will be better, because there is additional income from it |
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We have to move on and that's we need to do right now. We saw on how good the prices before but early last year you need to realize and accept that it was around $1,000. Price comparison from last year to this year is only what others are doing when they can't accept the fact that bitcoin is slow in moving. Fluctuation is happening from time to time and there's no assurance that this bearish can last. Price today is more than 100% in increase so stop comparing it.
The market situation this year is slightly different than last year than the price is already different, last year in the same month the price is still around $1000, different from now. but the equation is the beginning of 2017 there is no special movement no surprises whatsoever same as the beginning of 2018 at this time |
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Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.
But what is your best answer of this question?
your answer is correct, because bitcoin is a digital currency that can be used when there is internet network, so if there is no internet network then bitcoin cannot be used .. but despite bitcoin is online currency but you can use it offline. I mean like this many stores out there are receiving bitcoin as payment option and you can pay by bitcoin directly at the physical store. so you can not only shop on the internet using bitcoin but in offline or real world you can use bitcoin |
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Not more than $10,000 in a short term.
I believe in a short rise, but this is nothing special over it.. maybe there are good resistances on the $9000 level (i am checking it on my charts)
but there is not a "solid" ceiling over it.
Just wait, sit down, and enjoy the ride.
maybe need a shock news that builds a huge demand and that can be done with positive news about bitcoin. I'm sure when there was a big newspaper preaching about the benefits of bitcoin or the government that started legalizing bitcoin, it will make a big explosion in the market and make the demand rise high, but for the near term this is nothing special? yeah maybe we should be patient for longer to wait higher price |
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I do believe from the beginning many companies will have the mind of using bitcoin and other coins as a mode of payment for goods and services but now because of the high transactions fees and volatility there have to change there plan. Bitcoin Will used by all works of life because of the fastness of transactions and it decentralized nature but mining fees too high.
Very well said! Like you, I have that thinking too. It is easier for payment transactions and they could get rid of transaction fees and other fees. And also they could maybe benefit the characteristics of the bitcoin which is its volatility. I think the fee will not burden the seller. because the one who gets the fee is the buyer. it's just that the effect will be the less people who use bitcoin for payment method. so accepting bitcoin will be a bit useless because there are no crowds or many users are using a bitcoin payment facility. but you know corporate can use other coins that still have a low fee? |
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The shrinking volume of transactions does make transactions harder, but I believe Bitcoin will overcome these difficulties and seek opportunities to wait for the market to pick up, and the current situation will not always exist.
Yes because it is still bearish. Me too is not trading for several weeks now, I am not motivated when you see bloody market. I am lie low on trading now, but still I monitor prices on their dip. Still when market is red, opportunity is there hidden, just be patient to look for bargains. Try day trading if ever, it might help a little at this time that the market were too bloody, pick Alts that somehow increases , it might give an income for awhile. The market is more likely to decline or more often decrease than the increase so that's why getting a profit feels more difficult, no difference difficulties olden or now. difficulty and ease it depends on your skills and knowledge. but if you've understood/famliar the change in the price of a coin, it will be much easier. |
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No,I don't think this.I think,the situation will overcome soon.In my point of view,Btc price will increase soon then the market will return back in green position.Don't lose hope,it's a few days or weeks condition in crypto-currency world.There is no chance for continuing this in this whole year.
agreed ... crypto market will return back to green position and price will rising to new higher level in 2018, just look back previous year, then you'll know that crypto market future, a lot of big company start to join crypto, don't miss this chance to earn huge profit I think this dont need to be explained, that the price of bitcoin fluctuates, up and down. although today market more often look red but of course there is a time in the market price will be green. and I'm sure in some future time. green color will be more dominate because recover will happen |
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do you sell now in order to get a cheaper entry soon?
I am not against selling now, whenever one got hefty sum of profit is the right time to sell. Don't get caught up with your greed because if you hold for too long, then you would have to hold it for another long period of time. Do not hesitate to sell if there is a hefty sum of profit already. Just always remember to rebuy bitcoin whenever it corrects or dumps. If you have not profit big yet, then better hold that until the goal profit is reached. This is a very nice advice. In business I learned to treasure time and have patience also. Holding a coin too long is not good also, much time is waisted. Do not be too ambitious also to wait for too long just to reach the highest profit eventhough it will waste your time. Just aim for a profit not sacrificing your time.. It's going to be about timing you're right. Though on a personal note, i'm not going to sell any time unless it's with profit. I'm not evem thinking of breaking even before selling. I have too much trust in what bitcoin can achieve I think actually holding much longer will be much better, because basically the price will continue to rise for long run, but for active trading users holding too long is not a good thing because maybe they will miss the opportunity. it depends on your investment objectives. if you are an active trader it is better to sell when the opportunity comes. do not waste the opportunity because you know the price goes up and down |
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Banks are attacking bitcoin due to competition. If bitcoin enters the value of fiat will lose its value, this the main reason banks are not accepting bitcoin. If they accept bitcoin their country economy will go down. So banks are afraid to accept bitcoin.
In fact, the banks are afraid of Bitcoin's ad, so Bitcoin is worth 15,000 or $ 1,500 does not matter. But when Bitcoin goes up to $ 20,000, everyone is talking more about Bitcoin, and the flow of money flows towards Bitcoin. I think the problem is not in the price. when bitcoin becomes popular certainly many people will see the existing facilities on bitcoin and many people see that saving money in bitcoin will give absolute freedom to transact and save money. without any control and intervention from anyone and that's a stark contrast with the bank. I think that's what the bank is afraid of |
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Why kill bitcoin if it brings profit to us? Only if you are touched by the heart of some unsuccessful transactions, you can conceive of malice, but it happens, errors occur.
I also do not understand why these strange thoughts come into the heads of some guys from this Forum, which is created for ones, who support Bitcoin. I try to share only positive information about BTC. Bitcoin gives a lot of benefit than losses, so I think there is no reason whatsoever for users to kill bitcoin, the only one who wants bitcoin to die is just a competitor and government because in the presence of bitcoin competitors and the government only get a loss. as long as the user continues to use bitcoin then bitcoin will never die, thats the key. that's why the government forbids bitcoin so people no longer use bitcoin anymore |
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We do need for social media promotion, it would attract new comers, investors. It is the most effective method for increasing the awareness of the project and also help to support also bitcoin ecosystem to the world. After it was banned, start with Facebook and continu with google and twitter as well and others will follow them, the alternative ways of marketing become much more important.
There really is no necessity for promotions because actually bitcoin has also spread naturally, but it's true what's you saying if you want to see more and more bitcoin being used, you can accelerate user growth and bitcoin development by promoting on social media. it will help the bitcoin ecosystem in the world. |
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i'm just curious if how many percentage of all the people on earth know about Bitcoin. in my country i think only 10% knows about it. post your opinion guys.
It is really hard to guess the number of people who know about bitcoin around the world. I believe that there are lots of users already and a lot of people who heard about it but only few gave their interest. In our country, there are lots of people here who heard of bitcoin in news and different ads but only few of them believed it. of course we can not specify exactly how many bitcoin users worldwide but in my own country, the total bitcoin users can be seen from the total local exchange users is about 200k users, this number continues to increase because in the last few years ago the total users only around 50k users only. if in one country alone it could reach 200k users, maybe bitcoin users in the world could reach 5 million people, is it possible? |
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Maybe in the future bitcoin is a regular daily currency but on this time it is just an online digital currency and used only by bitcoin holders, because not all people are know and using this, they are only using fiat for their daily expenses.
In the future maybe bitcoin can be used for daily currency with note bitcoin could legalized by the government so bitcoin can be accepted in various places in the world as a legitimate payment method, for now most people still use fiat for spending although in some places bitcoin has been accepted, but you know that expensive fees are still a problem and because it is easier to use fiat than bitcoin |
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I dont like this idea. it is very late to sell your altcoins because altcoin market is its deepest point. people do not sell and dump them anymore. And they will start to rise again in next bull run. if i were you i would wait till market recovers.
I agree with you. Nonetheless know what is the dippest price that any coin or bitcoin will dump before it recovers and bounce again. Selling your position now will be leading to recover the loss although if you already loss that much its better to stay to hodl what you are holding and find some good opportunities that can make you out of watching the market and trying to recover you losses. Altcoin prices go down very deep and recover has not happened since a few weeks ago, if you sell now the losses you will get will be very big you know ? in fact you will not recover your loss it will worsen it, I agree with you the price will surely bounce calmly you only need to be patient longer, take a vacation or come back again the next few weeks |
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Being the first cryptocurrency/digital coin is very important and if it was not for bitcoin, I don’t know if these other altcoins will ever be created in the first place so you should be very grateful bitcoin was created. Although there are some altcoins that have somewhat the same feature as bitcoin but it won’t replace bitcoin.
Thats true, that is the power of the first cryptocurrency, although altcoin will always come with great technology though. users will still choose bitcoin because bitcoin must be believed by many people first. security is certainly the number 1 to choose an investment in cryptocurrency |
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I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
Bitcoin have limited supply and not one institution or government can control the supply. Its happen because bitcoin have decentralized system and its can eliminate intermediaries that is the function of decentralization, bitcoin is not the product of a company that can be controlled by the center, nobody controls the bitcoin system, so decentralization and anonymization will always be in bitcoin, if many people say that the government could just remove the bitcoin system like decentralization, because government asks the real identity to legalize bitcoin. it does not remove the system from within/inside |
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In my country, I have to fill a form every year for the tax department, including my year end bank statement and the salary bill.
Together with some major bills for insurance and healthcare, that's all they get.
So I can hide cash under the bed, or have an overseas account, or have some Gold bars, etc. The goverment has to thrust me quite a bit.
They can check some transfers, but if you like to hide it, you can do it.
So the actual way of getting the real numbers is quite bad.
In Bitcoin
If the Tax department makes it a rule by law, that you have to report every BTC address you own, or every wallet you own ...
All problems solved, because then the Department has also the addresses of the petrol station and the deli you spend money.
In no time the system knows which tax counts here and can claim the respective amount from both sides.
Sure it is still possible to hide Bitcoins, but then it is illegal.
...or did I miss something?
do you know that any user can make wallets and any address without restriction, and when they give their address to the government they can avoid taxes by using other address or other wallet? I think this system is still very easy to manipulate, I think it is difficult to implement tax on bitcoin |
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With rates which bitcoin shows us right now, namely, growth of the rate and popularity, it is not already possible today to judge that bitcoin has a chance to become number one Internet currency. if bitcoin will be made legalized in all countries and officially confirmed status of the most popular Internet currency.
The growth of bitcoin is very rapid in many places and if the government wants to change its view of bitcoin and want to legalize bitcoin I'm sure bitcoin will play an important role in the economy and play a role in the method of practical payment. I think the key to the role of bitcoin in the future is from the government? |
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I think if the government wants to really apply the tax on the crypto currency, it is very good, because it can increase the income of the state, but to support the policy the government needs to make a strong rule first so that everything is under control
Having tax is ok because if you have tax it means that bitcoin are legal in your country ,well if that happen hopefully the tax they want to get is not just a big amount. I myself think that no tax problem is applied to bitcoin users as long as bitcoin can be legalized in that country. but surely there is a special requirement where the original properties of bitcoin also do not disappear like decentralization and anonymous? is that possible? if it can be done I myself agree. it may be that the government is currently looking for the right way to provide tax on bitcoins? |
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Since I joined the crypto market. My gain is zero. I only have experiences and lessons. Does that have been called successful?   I have lost 50% of my assets for 3 months from 1/1/2018 to now Just like you I also lost more than 50% of my total assets because I bought in January when the price was in the range of $15k. I think most users who buy in January feel the same way. it is very sad but that is a risk in bitcoin dude, so I accept it. after all this time I still hold it a few percent and hope the price will soon recover |
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