Told you so long ago to get the hell out.
People with financial sense have sold long ago - the price is now constantly going ever lower with only the "HODL'ers" being dumb enough to "buy the dip" - but the dips will just continue to get deeper and deeper.
And, yes, in here people are desperately screaming "FUD" at anyone who are not 100% believers in their fantasy crypto money - but at the end of the day, it is only these dreamers who will be owning the fantasy money, and like old pokemon-cards only other collectors might want to buy a few of them at pennies on the dollar.
It may happen, as you say, but where are the worthy arguments? You say so just because the price is dropping? But we've been at this point already a couple of years ago, and yet it recovered and then increased. And some countries' bans are not an issue too, we still have US, UK, Canada, Netherlands and this list could go on and on. Yet, ~10 000 isn't that bad, and the transactions are alright. You're talking to people who only used BTC as an investment, but for those who appreciate its features bitcoin is still demanded. |
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Each time we invest in any Altcoins or ICO projects, I think we MUST CONSIDER CAREFULLY about:
- A technology that adds value to society
- Infrastructure and encoding facilities
- A team of developers and startup entrepreneurs which is building technology and coding
- Which and how widely people use these coins to pay ?
- A decentralized, free, secure and active internet network for these coin
That is the reason I still think: Holding is best way to make maximize profit in long term.
I need other comments about it. I want to learn.
In case of ICOs, that are not just cryptocuccencies, or something you can just purchase, but some project, which can change, improve and make something easier - it will be a technology investment. But if it's just new crypto, that doesn't differ much from others and you're investing just to make a profit for yourself that has nothing to do with technologies. And people tend to invest in something thinking more about what they can gain, but not the value to society. |
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Seriously? Who's next? Actually, if we look through the countries that are banning or about to ban BTC they're all not western world countries (except for Japan and South Korea, but they're changing minds now). I think that most of the educated people from developing countries that are against Bitcoin would rather leave the country, than accept these conditions.
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Facebook will prevent all activities related to bitcoin and other cryptocurrencies. Who will be the next, maybe Youtube?
Is that Zuckerberg vs Winklevoss?  |
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So far, every fiat currency in the world is inflationary. It will always decrease in value overtime in the long run. Its a guaranteed loss !
Whenever you sell bitcoin, you are buying a fiat currency; making sure you will lose in the long run
TLDR: JUST HODL BTC
I think if we're talking about investment as such, it must be something that is developing and has a potential. It is such a situation with cryptocurrencies, USD isn't developing now, as long as it's been existing since 1861. By buying USD you can just support its existence, but what's the profit? It will only help governments to control people's money. |
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Yesss, I love Oscars betting! But it's a pity that there're some most obvious prize winners for which you'll receive only small reward. On the other hand, something unpredictable may occur, like last year lots of people made their bets on "La-La-Land", even though the reward was the smallest, they were as sure about it, that put a very big money on it. And then boom! "Moonlight"... That was a true disappointment.
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Since December of last year until now, bitcoin has depreciated $10,500 and its price has reached the line of $9,500.
The only good news of this great drop is that it is impossible for the bitcoin price to fall as much as $10,500 again.
Therefore from this moment bitcoin only has two options: either grow a lot, or drop a bit, and both scenarios are quite favorable compared to the hard times we have suffered these last weeks.
I'm entirely in agreement with you, for some time there might be minor fluctuations, but it shouldn't drop prominently, it is the bottom line now, like in 2014 - 2015: from $1K to ~ $200, but a couple of years later we could see rapid price increase. So now, eventually it must go up in price, it's just the matter of time. What are your predictions about BTC recovering its price? |
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Recently, the world's first ever Bitcoin bank http://kryptomoney.com/worlds-first-bitcoin-bank/Bitcoin has been improving since it started its first trade and now this great news, bitcoin will soon be here to stay, what can you say about this great news? Will it support the growth of bitcoin as far as stability is concern? I don't think that stability would increase the growth much, lots of people are interested in BTC, because of its volatility, it's risky, but at the same time useful for trading. And why would anyone want to store his bitcoins in a bank? To receive someday a surprise that they've lost it or to make the first decentralized cryptocurrency more centralized? |
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Because it's fun, it makes you feel fear, happiness, saddness, anger and satisfaction all at once. Many people like to think that they are earning money, it is a chance to win something, but, unlike in lottery, you can have your own strategy, even though winning is about luck, you feel like it's your own attainment. Also gambling helps some people to move beyond their problems for a while, so they can relax and enjoy the competition process.
Gambling is one of the relaxation and fun factor at the time of tension for all normal persons , it gives you relax and energy for your mind but it is not a best way to earn , so gamble with intelligence and calm gives you little profit . Yes, I agree. I didn't say that is was profitable, I said "people like to THINK that they are earning money", but in fact, those kind of thoughts may lead to one of the biggest losses. Maybe that's the thing that calms down, gambling hazard along with belief that you will win and receive money. |
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One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYI (know-your-identity) requirements too.
Is this a good thing or not? You thoughts?
It isn't a good thing, bitcoin supposed to be if not completely, then in some way anonymous and another huge advantage - it was easy and convenient to use. If you need to fill-up the forms it makes the whole process longer and more complex, people will just use other cryptocurrencies or exchange methods. If bitcoin isn't anonymous, the transaction process is pain in the ass and transaction fees aren't so low as they used to be - what special about it will be left? |
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It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.
When was the time that bitcoin was completely anonymous? You have an exact address and yes, nobody knows who does it belong to, but it's no secret that transactions aren't anonymous, so every address can be tracked and if you link it to something else - you're not anonymous anymore. As it was planned - for each transaction you should use new address, this would enhance your anonymity, but even such transactions can be tracked. Then I suggest you using any service like the Chipmixer or the bitblender. They are quite effective in breaking the trail of the bitcoin transactions and increase your anonymity. Yes, that seems like a good decision. But how do you know you can trust them? In my understanding of how it works you kind of send your money and the address, where you want your money to be delivered and then website workers do that for you? How do you know they won't mistake, or just take your money. Or, in case it isn't done manually, there's still another problem: how can you be sure that you transaction story isn't kept? I know I'm being paranoid, but seriously, how do they prove it? |
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It is indeed true, many ICOs are scammers now, but I don't think that there are a lot of cases when this is an issue. Good and proficient investor will distinguish scamming from trustworthy ICOs, while novice might not see anything suspicious about obvious scammers. Some sort of regulation might be helpful though, but again, how can you trust that?
If only it were that simple. Mass scamming of the last year have made people reluctant to invest even in promising and seemingly legit ICO's. As a result, they don't get enough financing and thus have to return the funds to their investors. Within a week I saw a couple of projects failing to raise the required amount. And it looks like a vicious circle of sorts. ICO's fail to reach their soft cap while investors are further discouraged from investing in them. It is the same as it was with altcoins. At first, there was a lot of hype and plenty of money lost in scamcoins, then truly original and worthy coins had difficulty making it through. Wow, that's frustrating. But still, isn't there any kind of clue you could use to determine scammers, like lack of project development and technology details, or unknown covert team? I know that qualified scammers can falsify everything, but is there really that much of them? |
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It is no surprise that anonymity has been leaving bitcoin. Bitcoin is not as anonymous as it used to be.
When was the time that bitcoin was completely anonymous? You have an exact address and yes, nobody knows who does it belong to, but it's no secret that transactions aren't anonymous, so every address can be tracked and if you link it to something else - you're not anonymous anymore. As it was planned - for each transaction you should use new address, this would enhance your anonymity, but even such transactions can be tracked. |
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You're talking like there isn't much crypto-friendly countries, but I disagree. What about US, England, Japan? Not even talking about Netherlands, where there is city, at which you can actually purchase stuff with bitcoins. Yes, some of them imposed a taxes on BTC, but it should be considered as good news too, because it's an important step towards BTC legalization. |
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Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.
So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?
Making bitcoin more popular would be a good decision to make it grow again. But what is so bad about lightning network and segwit? It will make people still use bitcoin, even though the transactions are (were recently and can become again) durable and expensive. Reducing fees might help, but how can we influence that? |
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Bitcoin is digital currency or known as the father of all crypto currency that has the potential to become the new money or the electronic money around the world. Bitcoin is also the most expensive digital coin and it is almost compare to the gold but why bitcoin is created? Here are some reason : * To change the perception of all people about the digital currency. * To improve the payments and transactions and in the internet world. * To become the image of money around the world. * To protect or hides the identity of the user, for security purposes. * To give an opportunity to all people around the world to earn a secondary income. * To upgrade the currency because everything in this world is now upgrading. SHARE YOUR THOUGHTS  If this post is worth of your merit, Thank you I think it's been created to give people some freedom, to let them manage their own money and keep it away from governments and to make transactions cost very low, that's one of the main reasons it became popular IMO. I like the upgrade currency idea |
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Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
Bitcoin itself is secure if you keep an eye on the price, at least more secure, than some doubtful banks, which can at any time say "sorry, we're bankrupts and we wasted all your money, so bye-bye". The only thing you should worry about is whether your wallet is safe, but if you own a hardware wallet, I think the chance that you'll get robbed is not more than the chance that someone will stick up the bank, where you're storing your savings. |
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What is the impact of bitcoin in a country's financial stability?
There will be no principal impact of cryptocurrencies on country, until they're legalized. Not so many people inside the country purchase and sell bitcoins and even though they do, there are negligibly few countries, where BTC is taxed, which makes it somehow participating in country economics. |
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Someone I know wants to meet with me to talk about BTC and crypto.
want to get into it.
What would you recommend be the step 1? for them to approach?
Tell him to join bitcointalk forum! There's definitely more Q&A about bitcoin and cryptos, than he can imagine. But before that, maybe you should tell him about benefits and implications of bitcoin, help him to download a wallet and to buy some BTC, so it will be easier to get into it. |
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Just a rant here : most people that go into cryptos are in it for the profit. Now the system (govs/banks) are turning that against us and we're reinforcing it by trying to speculate against eachother and going back to their fiats.
That was not why bitcoin was made. Bitcoin was made so people would get control over their money again.
So please stop fighting eachother and stop looking at those values each and every day.
Absolutely agree, but it is just so hard to resist making an easy profit, just look at the situation now, BTC price can rise at least 2 times in the nearest future (hopefully), than why not try? And about govs, I think they would have wanted to turn us against cryptos anyway, because, as you said - they were made to let people control their money and govs/banks definitely don't like the idea. They want to control people's money themselves. |
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