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some people make investments on the internet without their knowledge just following the trend or inviting friends without learning more. and usually they always think that investing in the internet will make them get rich quick. even though statements like this are wrong. in every investment we must not only think about profits we must also think about risks. and I always recommend doing research in earnest before investing.
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yes we will see the altcoin season again when bitcoin reaches the price of $ 20k. and I'm optimistic that bitcoin will be a bullrun next year because at that time bitcoin is halving day.
if we look at the rise and fall in the price of bitcoin always have an impact on the price of altcoin. like a 30% increase in bitcoin yesterday almost all altcoins also experienced an increase. I think there really is a direct correlation between bitcoin and altcoin.
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the development of digital money is indeed very rapid in my country now many emerging digital wallet that is used to store digital money. and I think now urban people are getting used to using digital money. and I also prefer to get cryptocurrency rather than cash. because if I get crypto like bitcoin I will be able to use it for investment. but for people who live in Pedesan I think would prefer to be given cash. because no store will accept digital money.
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in my opinion there are many factors that cause underdeveloped countries to experience inflation. and in my opinion the main factors that cause underdeveloped countries to experience inflation are unstable political and economic conditions and many acts of corruption. if a country's politics are unstable, foreign investors will be afraid to invest in their countries. and this will make the country's economy worse and ultimately cause inflation with the fall of the national currency.
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I think bitcoin is very strong compared to the other technology. Bitcoin is unique because bitcoin has the secret power to moves and solve every challenge that might comes. But bitcoin needs more support from us, and if we can give the support, bitcoin will be stronger than now, and I think it can defeat anything and bitcoin will reach the glory in the future.
Bitcoin will grow fast and will take more people to the inside of cryptocurrency, and we do not deny because right now, the growing of cryptocurrency user is on good progress and it can affect more growth in the future.
Yes, people should once again realize that the driving force to reach the Moon or even Mars is not going to come from anything external <like the SEC decisions> but rather from hard work and dedication from the community. We should build new Bitcoin applications to feed the demand for bitcoins and we should spread adoption by doing the hard groundwork. A lot of people are sitting and waiting for external forces to take us to the Moon and most of these entities can cause a lot of damage, if we rely solely on them. Let's change our perception and our drive and focus on our own efforts for 2019.  yes agree with you bitcoin can survive until now also because of the hard work of the bitcoin community and also the hard work of the bitcoin development team. we don't expect bitcoin to go to the moon because of outside encouragement. we are the ones who have to work to promote the benefits and advantages of bitcoin to many people. so that more people will get to know and are interested in bitcoin investments. if the demand for bitcoin increases, the price of bitcoin rises. |
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Blockchain technology has many advantages and can be applied in all fields. and by adopting a blockchain I think a country's economy will be more advanced. because the transaction process will be safer, transparent, cheaper and can also prevent corruption. because every transaction process can be seen by all parties. and I also heard that China will make its own currency. therefore the Chinese government now gives orders to immediately adopt blockchian technology.
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yes you are right OP Asia has the potential to become a cryptocurrency market. if more and more Asian countries support and adopt the blockchain then I am sure that cryptocurrency can develop rapidly in Asia. and news about the president of China supporting blockchain will encourage other countries to adopt blockchcain and cryptocurrency.
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in the past there were also people before James bilal caan claimed to be the inventor of bitcoin. Craig Wright is an Australian who claims to be Satoshi Nakamoto. but they have not been proven right. because until now there is no cryptographic evidence that can find out who invented bitcoin. they are two scams who want to seek public attention by exploiting the popularity of bitcoin.
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in my opinion the rise of bitcoin yesterday was indeed more or less influenced by the news about the Chinese president who supported the blockchain. because most investors and bitcoin miners come from China. bitcoin prices in my opinion can indeed be influenced by news about cryptocurrency. Good news will push the price of bitcoin and bad news can also make the price of bitcoin go down.
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if I more often do both long-term investment and short-term investment. I do both because in my opinion there are coins that are more suitable for long-term use like bitcoin. and there are also coins that are used for the short term is altcoin. but when there is a bear market like this I think almost all crypto users will invest more long-term or be included in the bull group.
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yes you are right OP to make a long term investment we have to prepare a few things like everything that has been mentioned OP above. I will add besides we must have another job. we must also have a strong mentality that is not easily influenced by FUD. and it's also not easy to panic to sell when prices fall. ups and downs in the price of coins in cryptocurrency is common and we from the beginning entered cryptocurrency must be prepared to bear this risk.
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According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?
in my opinion satoshi nakamoto is not a government. because the concept of decentralized bitcoin is very much at odds with governments that tend to be authoritarian. maybe he is an individual, group or company. who felt depressed during the global economic crisis in 2008. Then they looked for solutions and finally Bitcoin came out. in my opinion what is more important is that bitcoin has provided new breakthroughs in the financial system and technology. |
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We've all seen this phrase before: that the government and/or banks will more likely to create their own cryptocurrency, but what are the odds that they really will? How can we be sure that these two sectors will create their own coins eventually and will it even change the game if they do? If they did, will it not threaten bitcoins and altcoins because the common people who haven't heard of bitcoin before might choose to use these bank/government-created coins instead? Do we really need more coins?
when the adoption of the blockchain is increasingly widespread in my opinion it might be for a government or a bank to make its own crypto. and maybe the coins made are stable coins that are regulated and controlled by the government. so I don't think it will impact or threaten decentralized bitcoin. bitcoin will remain a favorite coin in cryptocurrency. |
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yes you are right some of the things you mentioned are factors that influence the fall of fiat currencies. and in my opinion political instability and a country's weak economy are the main factors causing the value of fiat currencies to fall. plus GDP, inflation and trade balance also affect fiat money. Fiat money is very susceptible to inflation, especially the currencies of poor countries.
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yes I still hold bitcoin and some altcoin. I'm not too talented doing daily trading like you. and also in my opinion to trade we must focus every day and always see the development of coins. and I don't have much time for that. so only hold and when the coins that I have increase by 30% I will choose to sell them. I also don't like to hold back too long or wait for prices to go up by 50% -100%. when I already feel fortunate I will sell it.
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yes you are right enough funds are important capital needed for a new project to be able to survive in the crypto market. although the project has a dev and a good and creative development team but if they don't have enough capital they won't be able to enter in a good exchange. to be able to enter in a good and well-known exchange requires a large fee. and most investors now prefer projects in good exchange.
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gambling is a common thing in cryptocurrency and fiat money. and in my opinion this is not the biggest problem in crypto. because I don't think we can avoid this. because if we look at online gambling is growing. because gambling sites are also increasing. in my opinion the bigger problem of gambling is the use of crypto for criminal acts such as money laundering, buying and selling drugs and terrorist financing. this makes the cryptocurrency image worse.
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I myself do not agree if to avoid fraudsters using the rules. Bitcoin was born without independent and decentralized rules. if bitcoin later uses the rules then bitcoin will be the same as fiat money which will later be controlled by the government. in my opinion it's better like this there is no regulation. of fraud is a risk that we must face when entering the crypto market. maybe to avoid fraudsters we have to be more careful when going to the ICO project and we also have to increase the security of our wallet.
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actually in my opinion the rise and fall of bitcoin doesn't need a reason. bitcoin is indeed like that it can rise quickly and fall abruptly. but in my opinion sometimes the bitcoin market can also be influenced by the news. if there is positive news about bitcoin then the price of bitcoin will tend to rise. conversely when bitcoin is attacked by negative news or FUD the price tends to go down. and news about the Chinese president who supports blockchain technology is making bitcoin prices go up. because most investors and bitcoin miners are from China.
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in my opinion we cannot compare the two. because gold and bitcoin are different. gold has long been known as a store of good value. and bitcon is digital money that has high fluctuations. because of this fluctuation bitcoin is an investment tool. gold can also be an investment tool but an increase in the value of gold will not be possible to rival the increase in bitcoin. so that bitcoin investment is better than gold.
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