It’s possible to send and receive money from anywhere in the world at any time. There are low or no processing fees. Payments in Bitcoin can be made and finalized without one’s personal information being tied to the transactions.
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Now one of the main factor that affect to price of bitcoin is a fake news.. About China ban, G20 ban, SEC ban and etc. Media is looking for a hype subject and provoke panic than it has a big impact.
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Even in crypto could be conservative investors. Those who have a low risk tolerance are often less comfortable with the altcoins and might wish to avoid it entirely.
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I belife bitcoin will replace the Gold. The only reason for gold increased in price is that people simply believe in gold. Many people believe that fiat currencies will eventually collapse and bitcoin is much more convenient to use.
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I prefer to think - bitcoin is not a digital dollar, but a digital gold. Many people simply believe in gold. In the end, the price of an asset is what people believe it’s worth.
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I would prefer to wait some negative/fake news about bitcoin and buy in that moment. If someone provoke panic than it has a big impact and price go down.
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In my opinion bitcoin is important only because it brings with it blockchain idustry. That will make it possible to remove intermediaries and enable content creators to engage directly with one another.
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For sure bitcoin can't change world, but blockchain as technology can. Actually internet of things (web 3.0) already has started. Such services on blockchain like STORJ, Filecoin, Obsidian, Qchain will definetly change distribution of money in the world.
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The internet made information global and easy to access. A sound, global currency like Bitcoin will have the same impact on finance and the global economy. If you understand the potential impact of Bitcoin, it won’t be hard to hard to understand why investing in bitcoin may be a good idea.
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Day trading could be profitable for you but it's not an investment. It's more a gambling. For me investing - when you buy some coin and wait some months until devs realise some apps or improve coin technology...
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I don't think bitcoin loose its popularity. How many people know about it 5 years ago... It has qualified and experienced development team. Hence decisions and development always takes place in favor of this technology and not more making the Devs rich.
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BCH will never become more valuable than BTC in a long term perspective. BCH is more a dump and pump coin. I think people are heavily underestimating just how large the gap is between the two at the moment.
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Coins such as Monero, Zcash are much more effective for cyber criminals. Zcash appears to have the best privacy protection, which analysts say could generate higher adoption among criminals in the future.
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Bitcoin is energizing some investors, especially millennials, in ways that gold might have a hard time doing. The proof is all over the internet. You can find a number of TED Talks on Bitcoin, cryptocurrencies and the blockchain. So it's definetly replace gold in 5-10 years.
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I think personally that cryptocurrencies won’t make real money useless, but I think that cryptocurrencies will work with real money. There will be a prevalence of crypto currency.
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I completely agree. More easier way will be to hack into a Bitcoin exchange. An hack similar to Mt. Gox hack of 2013 will send market into frenzy... The market will respond negatively to the hack and people will start selling their Bitcoins.
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all out ban on crypto is a money move to protect traditional banking while if they were actually employing all of that AI to ban only the deceitful and sketchy stuff, this would actually be doing the ad viewers and ad buyers a service.
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The only one reason why BTC costs not more than $100k - people are underestimating it. For now its just a store of value, you don't actually need to use it to make payments. I hope in 2-3 years situation will change.
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Like money and gold bitcoin is valuable as both a means of exchange and a store of value, basically it is all of this items hold value because people want to exchange them for things they value
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Around $10000 is my guess. Many big companies are already using the ETH platform that allows other cryptocurrencies, crypto-assets, apps, blockchain-based programs and platforms to be built and funded.
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