|
I don't think it's not interested in investing in crypto. in my opinion investing in cryptocurrency remains attractive and profitable. it's just that since 2018 many ICOs have cheated making investors afraid to invest in ICOs. and also bitcoin prices tend to be stable. so the crypto trading market is not too crowded. but I'm optimistic when bitcoin is split in half and the crypto market bull will be crowded again. because an increase in bitcoin will always be followed by an increase in altcoin. so when bitcoin is bullish, the crypto market will be crowded and will attract many investors again.
|
|
|
|
|
I think the Chinese government will only accept bitcoin as a commodity. because they already have plans to make their own crypto coins. and I heard that this crypto coin made in China is called DCEP. I'm sure China will support DCEP more than bitcoin. they don't like bitcoin because it is anonymous and decentralized. that's why they make their own coins so they can still control it.
|
|
|
|
The US government either can print more money to pay off their debt or default which in either case produce more problems in the long run.
Every country can print money like its a school project but every country is prohibited by doing it. The huge problem right away after the printing of money will come and will affect the country's economics in the long run. Printing money not equal to the amount of gold you have in a bank will result in inflation which will not be good for your home country currency. yes I agree with you printing more money is not a good solution to overcome the problem of state debt. instead it will add to the problem. because when the state prints too much money, the money circulating in the community will be a lot and make them consumptive and eventually make most of the prices go up and there will be hyperinflation. hyperinflation will make the currency fall and not worth. and for this debt problem, the government should have policies that can help pay off debt. and I'm also not sure bitcoin can be used as a solution to pay off debt because its value is very volatile. maybe an effective way to reduce the country's debt is to reduce imports and increase exports. |
|
|
|
https://www.businessinsider.com/coca-cola-bottlers-sap-scaling-up-a-major-blockchain-project-2019-10?r=US&IR=Thttps://cointelegraph.com/news/coca-cola-using-blockchain-for-21-billion-per-year-networkCoca Cola bottles use blockchain technology to manage their cross-party transactions. A report from Business Insider today November 5, 2019 reveals that Coke One North America (CONA) - a technology company that manages IT operations for bottling soda coca cola - uses blockchain technology developed by the German software company SAP to manage its supply chain. Able to Manage 160,000 Orders Per Day CONA was assigned to manage a platform as a watchdog for several franchises that produce, ship bottles, and ship 160,000 orders for Coca-Cola products every day. Andrei Semenov, senior manager at CONA, told Business Insider: "There are a number of inefficient cross-company and multiparty transactions. They passed a number of intermediaries; and this is very slow. We feel that we can overcome this problem and save more money of course. " With the blockchain, CONA hopes to reduce the duration of order reconciliation from 50 days to just a few days. Ledgers that are distributed across organizations and transparently will provide real-time insight into transactions carried out by all the different bottlers in the network, which generate revenues of more than 21 billion US dollars per year. yes, everything will be faster and easier for calculations and transactions if it uses a blockchain. more transparent and efficient. yes you are right by using blockchain technology all work can be done more efficiently, effectively and safely. and news shows that blockchain technology is heading for mass adoption. I am optimistic that in the future companies and industries will increasingly use blockchain technology. not everyone can accept bitcoin but I'm sure almost everyone wants to accept the blockchain as a new breakthrough in technology. |
|
|
|
When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.
in my opinion is not that simple because the problems experienced by African countries are very complicated. I think using Bitcoin will not be able to solve problems in Africa. in my opinion the first thing an African country government must do to escape poverty, unemployment and other problems is to improve education. when the human resources are well formed. then they can manage their natural resources to the full. |
|
|
|
|
yes I agree with you OP with a lot of positive news about bitcoin now. what we have to do is not get our money out of the market and continue to survive in this market. and if we have money we should add our bitcoin. so that later when bitcoin to the moon we get a big profit.
although maybe later the price of bitcoin will go down before halving we don't need to be afraid and worried. it is whale's market manipulation so they can buy bitcoin cheaper and make big profits after bitcoin splits in 2020.
|
|
|
|
Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?
in my opinion this libra coin will not be released in 2020. or it will be a failed project because libra continues to be rejected. European countries such as Germany and France have rejected Libra because they are worried Libra can disrupt the sovereignty of their country's currency. then most of the companies that support libra also began to break away like paypal, visa and mastercard. and finally libra has not received permission from members of the United States Congress. so I thought this Libra coin would die before its release. |
|
|
|
|
I never thought bitcoin would kill a bank. because the bank has been around for a long time and is protected by the government and also has a large number of customer members. I always thought that banks and bitcoin could run together without having to eliminate one of them. banks can adopt a blockchain system and make transaction processes more efficient, transparent and fast. while bitcoin can also be used for daily transactions, investment and trade.
|
|
|
|
I’m not thinking too much about bitcoin price right now, if its going to up then so be if but for now my focus is to get more bitcoin at a very cheap price as much as possible. If the moon is soon to come then we might not be able to buy more bitcoin because its expensive so let’s take this easy.
Yes, I agree with you, we don't need to think too hard about when bitcoin will go to the moon. what is clear is that bitcoin will definitely go to the moon after halving by 2020. all we have to think about now is how to collect more bitcoin at low prices or for free. and also many predict that before bitcoin is reduced by half it will go down. well, if this happens this is a good opportunity for us to buy bitcoin at a cheaper price. |
|
|
|
|
yeah maybe bitcoin will dump before halving in 2020. and this also provides a good opportunity for us to add to our bitcoin. I use bitcoin for a long term investment. I'm not too worried if bitcoin dumps because I'm sure after a dump bitcoin will pump again. investing in bitcoin does require patience and also don't use emotions when investing in bitcoin. so if in the next few months bitcoin goes down I will not be afraid and will hold it.
|
|
|
|
|
yes I also heard that after the Chinese government supported blockchain technology they would also make their own crypto coins that were given the DCEP name. with the entry of China in the cryptocurrency market then I think the crypto market will be more crowded and growing. because China has a large population of 1.4 billion. as long as the Chinese government has a good crypto project I think it doesn't matter even if the project is under the communist party.
|
|
|
|
|
whereas before the Chinese government banned the use of bitcoin. but now it will instead make its own crypo currency. maybe China has realized that cryptocurrency and blockchain are new breakthroughs in the financial system and technology. and many benefits to be gained when we can apply blockchain and crypto technology well. we can reduce the use of fiat money. and in my opinion the presence of DCEP coins is also to rival facebook libra coins. because both are included in the stable coin. and I don't think the presence of this DCEP coin will have an impact on the price of bitcoin.
|
|
|
|
|
I don't think we can compare the Chinese crypto coin called DCEP with Facebook Libra. because they are different. Facebook is a cryptocurrency coin that will be created by a large company and which already has sizable members throughout the world. Most European governments and members of the United States Congress reject Libra for fear that Libra will disrupt the stability of the dollar and euro. while DCEP is a cryptocurrency made by the Chinese government for their people. so that this DCEP can be easily created and released because it is supported by the Chinese government.
|
|
|
|
The KYC process annoys the hell out of me. I remember a time when you could trade coins freely and without owning up to your identity at all. Not that I'm hiding anything, I just don't like every man and his dog having a copy of my government ID - I feel that's very intrusive. I mean the whole idea of cryptocurrency was anonymous peer-to-peer trading without government intervention. Now it seems you can't fart in the wrong direction without someone breathing down your neck.
I mean I get it, exchanges, ICO's, etc, want to be on the safe side -- although what I really object to is these places accepting my crypto first and then telling me that I need to give them a mugshot if I want to use it, or withdraw it again. It's a nightmare.
Anyone else a bit miffed with all this identity craziness we're in right now?
Or am I just being a grumpy old man?
same as you I also don't like charging KYC because it's like selling our personal data to people. and I sometimes also fear that my KYC is used for bad things. so from now on I am more selective in choosing projects I will not join projects that use KYC requirements. and actually cryptocurrency does not require KYC because it is decentralized and anonymous. but now some IEO projects must also include KYC. |
|
|
|
|
Right now we are already in November and the price of altcoin has also not increased. in my opinion the altcoin market will follow bitcoin when bitcoin has increased then altcoin will also have an increase. and all crypto holders predict bitcoin will rise next year when it halves. maybe the altcoin market will also increase next year. I will be patient waiting when that time comes. there is no point in complaining, it's better we do something else that can be useful. the crypto market is like this there is an up and down trend so we have to be patient to get big profits.
|
|
|
|
|
if there is news like this better ignore it. they are just people who are looking for attention and want to cheat. Until now there has been no publicly available cryptographic evidence to prove someone was the inventor of bitcoin. and maybe most of those who watched the drama were beginners they did not understand the history of cryptocurrency well.
|
|
|
|
According to the cryptocrunch: https://cryptocrunchapp.com/news/bitcoin-officially-included-in-french-high-school-syllabus/Bitcoin cryptocurrency education will be implemented to French High School Syllabus. It is a new way to introduce money to students. They are focusing on four Video questions: 1. Can bitcoin be a replacement to Euro? 2. Is bitcoin the currency of the future? 3. Is bitcoin is a currency like others? 4. Do you have to trust your currency? Regarding this, it would be a good start to educate students about money and trust. What's your opinion about this? Should cryptocurrency as a whole and blockchain be in schools curriculum? I think this is a great way to introduce bitcoin and cryptocurrency. in my country some local exchange owners also do the same thing. they went to college and gave lectures about bitcoin and cryptocurrency. I think the introduction of bitcoin to this millennial generation is an effective way to promote bitcoin. and with this more people will understand about bitcoin and hopefully they all agree and support bitcoin. if bitcoin investors increase, the community and bitcoin market capitalization will also be even greater. |
|
|
|
|
A good crypto investor is an investor who can take advantage of each increase and decrease in cryptocurrency. and always do your own research before investing and not be influenced by other people's opinions. also do not use feelings and emotions when investing. so they never regret the decisions that have been taken. and any failure experienced will be used as valuable experience and lessons to be better in the future.
|
|
|
|
They can say whatever they want to say. They may see it as a shrimp for now but they'll act differently when they see its market cap starts to hit $1T or so. Is this thread should be on Press? Apple had $1T marketcap recently, then it crashed by 40% and guess what, the world didn't end, and even American economy didn't suffer from it. And crypto has low liquidity compared to stocks, so marketcap is even more meaningless in this case. Crypto will not be able to threaten global economy and banks, because it doesn't have enough users. Bitcoin exists for 10 years and since the beginning people though that mass adoption is coming soon and the revolution will begin, but there's no signs of it coming. It's time to open your eyes and realize that crypto is a niche product that is not suitable for everyone and that majority of the population doesn't care about freedom or privacy. yes I agree with you the existence of cryptocurrency will never threaten the stability of the global economy and banks. because cryptocurrency users when compared to bank customers is far more bank customers. and banks will always be supported by the government so it is unlikely that cryptocurrency will beat the bank. and some of our society is also not ready to make bitcoin and cryptocurrency the actual currency that we can use to shop. so I am sure we will always need banks and fiat money. |
|
|
|
What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?
I think it all depends on the conditions of the country. if a country legalizes cryptocurrency and can make laws regarding the use of cryptocurrency I think it can tax the cryptocurrency investment. and I think this is not a bad thing. because taxes are indeed needed by a country to be able to build infrastructure and taxes can make the country more advanced. and by using blockchain we can avoid corruption because the transaction process is more transparent and secure. so I think cryptocurrency can improve the economy of a country if they can manage it well. |
|
|
|
|
Show Posts
