Sorry I prefer not to open any links shared here specially from newbie and not a trusted person from this community so i will just answer the title
Nope i am not using cryptocurrency on my daily lives but i use this to pay bills and some online purchases since iw treat my coins an asset not a currency
Same as you. I use bitcoin for several transactions such as paying electricity bills, cable tv and so on. I don't use bitcoin for daily life because it's still a limitation of the use of bitcoin itself. like only few merchants who accept bitcoin as payment. and of course with the expensive fees also affect |
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Many cryptocurrency players have gone bankrupt
As I said in this year's new futures market
Such speculation has already allowed many former winners to Departure .
there is no real proof to this statement based on facts... it may be true that some are leaving the cryptocurrency market, but also many more are coming in.. infact cryptocurrency is the future of money ofcourse its not true. some users may departure because of bankruptcy or other reasons. but I think people are successful because bitcoin will not leave it because they know that the potential for rising prices is still very large. you know bitcoin users continue to grow and increase |
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First of all, I don't recommend that you invest in cryptocurrencies through loans. If you need money, then I suggest you make a profit by completing a lot of rewards and use these rewards to invest in other projects to make a profit!
I think loan mone is the right way if you want to get capital in short time but you also have to pay attention to the interest. don't borrow from moneylenders with exorbitant interest will certainly make you bankrupt. I've borrowed money for investment and if you're sure you can make a profit and pay interest, why not? |
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Mostly by investors and they plays a significant role because when there is no investor to a cryptocurrency there will be no expansion or a income for it to expand in the world and there are lot of tokens like that in the world dying without a buyer and there are many ICO projects got failed without investors so they play a big role in the market
Of course the most important role is the investor or the user himself who controls the market. when users are more likely to sell. the price in the market will fall and vice versa. everything depends on the user. but of course there is one user who has very large capital. they are like worth 1 million users. so that what they do will affects the market. they are called whales |
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I'm also more interested in investing in crypto currencies, especially bitcoin, compared to investing in FIAT currencies in conventional banks, even though the risk is more severe, but the profits are far greater than investing in banks.
Of course people will prefer to invest in something that has a big advantage even though the risk is also quite large. everyone knows that saving money in a bank will be quite profitable but there are many rules and restrictions and administration. whereas in bitcoin is very profitable without any restrictions. of course people would prefer to put money in bitcoin |
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What I mostly say to my self when I meet such people is just simple; whether you think it is a scam or not, I'm earning.
I think it is as simple as that because for those don't believe in Btc, they just don't want to read.
That absoultely true buddy. they hate bitcoin because they don't know what bitcoin is. they don't read in depth about bitcoin. they only see from one sound source namely the government media. of course they will hate bitcoin. I will not struggle with them. I only provide proof of my benefits in bitcoin investment |
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Bitcoin is one of the major crypto currency with the strong net work systems .It has the specific features which are enables to the global investors to attract bitcoin for their various usage.Bitcoin is revolutionized the global economy in various aspects such as a good media for the transactions, as an investment tool, good for the day trading,, for the on line shopping, also suitable for the service bill payments etc. Due to its wide usage it become a reserve currency for the global usage.
With all the advantages I think bitcoin is not only a reserve for the global currency. even in some countries bitcoin has become the main option for payment. when they don't bring cash and debit cards. they will think of using bitcoin. and in the future of course bitcoin will be increasingly used. bitcoin will be more than just a reserve |
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I came across a quote made by someone on this forum which goes like,'An open mind is one of the best assets when it come to cryptocurrency'.
That is why those who adopt new technology or innovation are always those who benefit the most from it. I wished I had known bitcoin much earlier Yeah very lucky people who have open minded. they will accept whatever input and information from others people. thats why they can get to know bitcoin because there are many people talking about bitcoin now. and I include people who are open minded. unfortunately I heard bitcoin in 2013 |
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Even in significance in ratings bitcoin still have disadvantages because you need internet to access you assets to pay your everyday needs and rents. Besides, Only few people has a knowledge about cryptocurrency and how to use it. If bitcoin will turn into physical form then it well get free for slavery.
The point is that bitcoin still has flaws and to use it requires several conditions such as gadgets, internet, and a little intelligence. of course this condition will be an obstacle for others poeple to use it. for ease of using it fiat better. thats why fiat is preferred |
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The silver standard is definitely a think of a past now.
Previously, money was literally associated with silver as an element, and it has always performed a similar function to gold.
I do think that bitcoin is going to take over, or replace many of the functions of precious metals as a currency. In the future, people seeking a hedge against the continued depreciation of government issued currencies will most likely favor bitcoin as a store of value instead of silver, or gold.
That doesn't mean that silver can't be a viable long term investment - it is probably still culturally significant to a lot of people around teh world, and will likely hold its value much better than fiat come a inflation crisis somewhere. Its industrial uses are obviously there as well, and it's unlikely they will be replaced, with silver being one of the best conductors of electricity. But bitcoin will be seen as a safe haven, just like silver, in the future, and silver's role as that may be diminished.
I was just talking this point today with a friend. We both concluded that Bitcoin will be the #1 or #2 store of value, certainly taking over from silver and maybe gold. Of course it is impossible to wear jewellery made of bitcoin or create a radioactive sun shield for a space helmet out of bitcoin, meaning gold and silver will continue to have its uses in technological, medical and space applications. Of course gold and silver will still exist because they have other selling points such as jewelry. from that gold and silver will always be a commodity for many people but certainly will be seen less frequently. because people today are more interested in investments that provide quick and short profit opportunities that is bitcoin |
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For past two weeks again the price of bitcoin went down. This is normal in the crypto world, there is no particular reason for that. Maybe big whales are manipulating the market and due to demand of bitcoin these are the reasons for the price drop. But today the price started to increase dont know wthether it is continue or not. But once the price drop means just buy the bitcoin at low price and hold it for future. Surely the price will increase in future.
Before the price had risen quite high and then collapsed very quickly. it could be ensured that many users and investors made large-scale sales. there is no manipulation when I see it. everything changes naturally due to user action. You don't need to worry about that. the price will going back up. of course many people who sell before will return to buy right? |
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Most of the exchanges has bitcoin USD market so that gives more power to bitcoin so every time it has good market, alts are going up too.
But the las time I've seen when bitcoin starts to get up, alts are drowning in opposite. And now, while bitcoin is falling, alts are sharing the pain.
We know the influence of bitcoin on the bitcoin market. sometimes change is not in line but certainly more often follows what happens to the bitcoin market. like today. Altcoin users are also bitcoin users they have bitcoin. so when prices decline it will certainly affect all crypto users. it just logic |
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everything is going into bitcoin and all the smart money is buying up bitcoin cheap waiting for the etf to approve .When bitcoin moons money will flow back into alts
So you have to look at the bitcoin market first before trying to invest in altcoin. when bitcoin price starts to see a signal to go up. t hen it is very possible that altcoin will also have the same potential. follow the strategy and collaborate with your strategies and plans. |
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yes you are right in my opinion the condition of the cryptocurrency price at the exchange place at this time is really awful a lot of bad news that attacks the cryptocurrency that makes many panic and prices collapse.
Thats true. with a lot of bad news and negative speculation. Moreover users and investors are experiencing trauma and fear. which keeps prices down because there is no confidence in the market. I hope the correction only stops at $ 6k. I'm afraid what will happen if the price is below that |
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It seems to me that the market is not in the best condition at the moment and besides there are no special reasons to believe that the trends will change and bitcoin will begin to grow rapidly
I know you and many people are disappointed because the market situation continues to bleed. previously it was like a fresh breeze when prices rose high to $8k. but it's only a short time and the price drops again. so we can't say that the bull trend has happened. we can only hope that bull trend can quickly take over |
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From the article you shared. I read. "This week isn't too bright for the price of Bitcoin and other major crypto currencies, because the market is turning red. The price of Bitcoin is starting to drop from around $ 7,600 to the lowest level of more than $ 6,500 at press time." Indeed, I see that in June the price of bitcoin dropped, even this August also declined. But to me that doesn't matter. Because I believe that bitcoin will last for the long term. And I'm sure there will be an increase towards the end of 2018. I think we don't need to panic. before the price had risen very fast to $8200 and to get back up was not difficult for bitcoin. no need to panic because it will only hurt you. I also have the same hope. I hope that the end of the year the price changes can be like last year |
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yes of course I will still hold my assets when the price at the exchange place falls because by holding the assets that I have I will not experience losses and when I still have capital you can use it to buy coins again use when coin prices are falling like this to buy as much as you can.
Yeah that absoultely you should do. if you want to avoid losses when prices weaken of course all you have to do is holding. it's the safest way than follow fear. I also sometimes use that method. this is like martingel. when the price drops you can buy again to recover losses |
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To make an impact on socio economy, cryptocurrency is needed to be accepted all over the world as a common currency unless it cannot help that much.
I think it doesn't need to be accepted around the world to change socioeconomics. because if you look at the development of bitcoin in a country that prohibits bitcoin. like my country. there are no major obstacles to using it and some people succeed in improving their standard of living economically with bitcoin |
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Tax is good. So how possible will it be to impose tax on cryptocurrency users considering the fact that , there's nothing like link between onchain and off chain addresses of crypto owners?  Tax is only good for people who are capable of earning a huge amount of salary but for those who did not have a decent income, tax is a pain in the ass and that is the reason why people are working to earn cryptocurrency. well, the tax for cryptocurrency is quite good, especially if it is developed to expand cryptocurrency development. I think that is also a support from the government. but, I think it's still so difficult to develop this. Actually tax is one of the requirements of the government to legalize btcoin like what some countries do. actually I agree with that. but you have to be prepared with your identity that will be exposed? do you want that to happen? yeah actually that will really help the development of bitcoin |
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New Newbie trader entering the crypto market and they often have questions as well as they are surprised when entering the crypto market, they need to learn more experience as well as they need to accumulate trading experience. to be able to trade successfully
That's what they should do. they must ask questions and learn often. they will find situations and conditions they have never learned before that is why practice or trying is a good thing to add to the experience of trading for newbies |
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