Can you tell me what you wish ICO projects would share more of to help you trust them more / make an investment?
They should have full transparency as to their team members and founding members. An inexperienced team is one of the biggest red flag for me in the crypto market. Also the company should provide more market statistics about the field that they are going to enter. |
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Cryptocurrencies are too much correlated to Bitcoin. If he plunges then all altcoins will follow the same path or even worse. For me, buying only Bitcoin is the best thing to do at this moment. On the link below you have some plotted data: https://cointimes.com.br/investment-diversification-in-cryptos-bad-idea/For example: Correlation between Ethereum and Bitcoin is 0.82 which means a very strong correlation. In 2017 the same correlation was 0.41. For me, if you're diversifying in two types of assets that have the same correlation you're doing it wrong. What do you think about it? Yes but emerging ICOs see a lot of growth, if you have picked the right ones ofcourse. If you find a coin that you are sure to invest in, correlation does not matter because thats cyclical. In the end a strong altcoin would grow in the long run. Also if you have all your money in bitcoin, you will not be able to earn returns on a short term basis. Smart diversification is always a good idea. |
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Amazing how an 11 year old kid knows better about crypto. George Weiksner, at his age, the young kid already launched his own ICO. It is called Pocketful of Quarters. Pocketful of Quarters is the universal cryptocurrency for games. Pocketful of Quarters hopes to solve an issue many gamers face where unused and unwanted coins can’t be transferred to other gaming platforms to play different games. Weiksner aims to design a platform that unlocks coins that are “stuck” in games that gamers no longer want to play. This kid is just genius to know things about crypto. What are your thoughts to this? Check out the video and full details on the link provided. http://www.marketwatch.com/video/sectorwatch/meet-the-11-year-old-cryptocurrency-guru-launching-his-own-ico/67F9D740-2C07-429C-AB95-C047AD430840.htmlTo tell you the truth, the idea does seem attractive. Although I have to say that the way the news is being spread centred around an 11 year old kid, knowing the ins and outs of the crypto market seems rather unfair. It seems very difficult to believe that investors would be attracted to a project started by an 11 year old, because starting your own ICO requires a lot more than just an attractive idea. |
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No, guys it is not happening. Starbucks clarified that they won't accept digital payments such as bitcoin. OP needs to distinguish a rumor or a real news. Though, they said that they continue to talk with customers about this so I hope you guys that has bitcoins will visit Starbucks so we can increase bitcoin awareness when it finally happens.
While they have still not decided upon the use of bitcoin as a payment method, but they are actually encouraging the use of cryptos. Although their method of exchange still involves turning bitcoin into fiat. It is providing some level of validation to cryptos in general. |
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If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?
Thats just being too optimistic. It might just lead the other way. You see many countries have adopted cryptocurrencies in an attempt to bypass trade laws, and if they become widely adopted and still be used for nefarious purposes, it could lead to really bad conclusions. The idea of being free from the grasp of trade institutions and restrictions seems very appealing, and the hope of installing a decentralised system is indeed grand, but because we will continue to use cryptocurrencies for illegitimate purposes it might just have an adverse effect on the socio-economic condition. |
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Looking at the current market, many people are disappointed in the market price, bitcoin prices stomping at the $ 7000 level, altcoin prices are falling deeply. Recent good news, however, shows that the market continues to grow and has great potential in the future. What would you do this time: Buy bitcoin, buy altcoin or do nothing?
The market is great for people who abide by the great HODL. This is not an altcoin discussion page, but altcoins are good for trading nowadays, sure there are a lot of scams still existing in the market, but with the right temperament you can earn decent profits. For bitcoin if you have been holding for a long time there is no point in selling at this moment, infact buying will be your best bet as we are sure to see another rally above 10K in the near future. |
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I happen to be in a group that has to be with Bitcoin or cryptocurrencies in general. There was an argument recently, for and against, about the fact that non-existence (if possible) of Bitcoin would render or make Ethereum (and other altcoins) useless.
The stronger argument which is for Bitcoin had it that if it happens that there was no Bitcoin again, other coins/tokens would also stop having values. They might justify this because bearish trend in Bitcoin affects almost all other, and for other related reasons.
In my own knowing, I knew that Bitcoin came on the scene the first, and that the idea of it inspired Ethereum second, which gave platform for many Ethereum-based tokens, and there are also other platform-based tokens also like Wave, Stellar, etc
Could all of these starting from Ethereum still exit or useful if Bitcoin wouldn't be any more?
The answer to me is in affirmative, but can anyone lecture on why not?
Insightful answers please.
Okay so the against argument that I understand here is that bitcoin gives value to other cryptocurrencies. Not in the usual sense that cryptos follow bitcoin's trends, but that bitcoin provides a figurative backing to other cryptos. People measure the worth of altcoins in terms of bitcoins and because it was the first to emerge and the market leader it drives people towards other currencies. Which is an interesting thing to note, that a decentralized coin gives value and security(figuratively) to other altcoins. Having said that my answer will also be that at this moment the crypto market is highly diverse and self-sustainable. It is way to expansive, that even if bitcoin collapses or disappears, after an initial shock, it would still survive. |
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A few months back, we had Venezuela launching its own cryptocurrency- The Petro, now we have some announcement than IRAN will be doing same soon, 'Govcoin' as it will be called is meant to help the Iranian Government boycott international sanctions.It seem other countries with similar restriction will be exploring the blockchain to achieve similar goals.I have my reservations about government-issues cryptos, do you think this is healthy for the cryptocurrency in general?
SOURCE:https://news.bitcoin.com/the-iranian-government-is-preparing-to-launch-its-own-cryptocurrency/
I can understand a cause for caution. Although at face value it seems like a great news, and improves the adoption of bitcoin in different countries in general. But the main motive of these currencies in the end is to by pass unfavourable trade laws. The trade laws unfavourable for them, on the other hand might be profitable for other big countries and thus on one hand where cryptos would become a bail out instrument for crises stricken countries, other financially powerful countries might crackdown harder on them. |
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At least some thing positive news about Bitcoin. News from CCN.... World’s Biggest Stock Exchange Operator is Launching a Bitcoin MarketQuote from CCNIntercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company whose mission is to make bitcoin a mainstream financial asset. Quote from CCNICE made the groundbreaking announcement on Friday, revealing that the new platform — Bakkt — has been developed in partnership with a variety of blockbuster names, including Microsoft, Starbucks, and BCG.
Bakkt will integrate with the ICE’s U.S. futures market and clearinghouse to list a physically-settled one-day bitcoin futures product, complete with physical warehousing managed in-house by ICE. This product will launch in November, pending regulatory approval.
"The bitcoin price saw moderate bump in the hours following the announcement, rising as high as $7,503 on Bitfinex after dipping as far as $7,282 earlier in the day." This goes on to show how long a way bitcoin and cryptocurrencies have come in general. Bitcoin being recognised as a mainstream asset will lead to a definite revival of interest and confidence in cryptos worldwide. It is a great news and a bold move on ICE's part. |
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every day new ICOS arise and 8 out of 10 ICOS are a scam, many people are losing their money and because of these scams they no longer invest in cryptocurrencies, and because of all this the bitcoin ends up losing confidence. So the ICOS is the quasante of the fall of bitcoin? What do you think?
I agree, and it is so ironical that bitcoin's sky-rocketing increase was the reason that all these ICOs emerged in the first place and now they have become the reason for bitcoin's price fall. ICOs are sprouting up like weeds, and so many of them are scams. Only a few of them have the capacity to sustain the market, and their emergence is in part due to investor ignorance and greed. This trend needs to stop soon if we want to see a true bull run. |
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Do you think Bitcoin needs some Rebranding? Rebranding is the creation of a new look and feel for an established product or company. The usual goal of rebranding is to influence a customer's perception about a product or service or the company overall by revitalizing the brand and making it seem more modern and relevant to the customer's needs. First off, the name is a bit confusing? - Most people see the name and associate it with some physical coin. The media is also not helping with this perception, because with every article about Bitcoin, pictures are shown of physical Casascius bitcoins. The other aspect of Bitcoin that can be rebranded is it's bad reputation that has been built up and shilled up ..over years. Every company gets to a point where they need to re-think their original goals and future plans... Why not Bitcoin? We have come a long way since 2009 and making small changes will help us to take this into a new future, without the baggage of the past. What would the pro's and cons of this be, and also the impact? Let's discuss  I think you overstating the negative publicity that bitcoin has received over the years. There is no need for a re-branding at this stage, it will be a horrible move! Bitcoin is the face of cryptocurrencies, even people who know nothing about the cryptoverse, know about bitcoin. After all it is the fastest growing asset of the century! What is needed here is improved investor education. People need to be more informed about the true potential of bitcoin, bitcoin does not need to change itself. People who have zero knowledge about cryptocurrencies want to invest in bitcoin, so a better marketing strategy is clearly what is not needed. All that we require here is a better set of investors who are well informed about their prospects. |
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I think the coin has a lot of potential, it is easier to predict its trend and it is backed by a highly successful firm. One of the few good investment opportunities. This is something really lacking from most ICOs a solid project and the dedication to make it grow. But Binance is a proven company with great future and expansion plans. |
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The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.
Saying that most countries have decided to ban bitcoin is a blatant exaggeration. Even in some of the countries where it is banned like India, people are protesting against the unreasonable move. The problem with some countries is that of tax evasion, for example in India's case the cryptocurrency boom of 2017 saw a huge amount of people gambling on bitcoin, as a result a lot of scams were setup and because it is unregulated the government had to take some action against it. I think this censure is unlikely to hold in the future, as countries will realize that cryptos are something they just have to learn to embrace to fully utilize their benifit, even though they might seem scary at first. |
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There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
This is probably one of the most common criticisms that I hear about bitcoin. I think this is because many hardcore bitcoin believers at one point wanted this to happen, now its just a far-fetched expectation. More seasoned investors all agree that fiat and cryptocurrencies need to co-exist, which is currently happening. As for your hypothetical situation, we can only assume that Bitcoins would derive their value from the trust people have in them. But then again, its very unlikely to happen. |
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Forecasts for bitcoin in 2018 are rather ambiguous. On one hand, some analysts predict gloomy future due to the current unstable situation.
On the other hand, optimists predict bitcoin a rapid increase in quotations, which must exceed its maximum threshold next year in the history of the existence of cryptology.
Although Bitcoin is still in a state of uncertainty. So many of you were wondering what to invest. Therefore, I had the idea to write a several alternatives for investing.
1. Bonds
A good alternative to deposits is bonds. The plus of this instrument is the absence of taxation. And from the same deposits, the tax on income of natural persons in the amount of 18%. But the percentage is different in different countries.
2.Gold
Investments in precious metals should be considered with a sight for 3-5 years.
Silver and gold are traditionally considered to be a long-term instrument to protect you against inflation. They are also interesting because, in 2018, the growth of the cost of precious metals can reach 10-20% in the world. And this gives the possibility of additional income. Therefore, you can invest up to 20% of savings, for example, invest monety / ingots or look at the so-called gold deposits.
3.Real estate
To invest in real estate is required neatly. You can choose an attractive option for a long time in the secondary market as well.True, it must be remembered that investment in real estate pays off for a long time - 10-20 years. And in the case of force majeure, housing will not be sold quickly .
4.Bitcoin: Interesting, but risky
In cryptology you need to invest carefully.The market is speculative, can sharply grow and fall. In 2017, bitcoin cost about 19,000 dollars, now - about 8 thousand dollars. Intraday fluctuations of the Crypto-currency may be 25%. You need to have iron nerves to withstand the jumps, because you can lose everything.At the same time, how much will Bitkoin cost at the end of 2018, it is unknown, because all bold forecasts have come true. But one should not think that cryptography is a costly investment.
Therefore, the choice is up to you as always.
Investing in any of the above requires a lot of patience. But the fact remains that even at this stage one can only speculate about bitcoin and that even by keeping a very broad range. To invest means to have a surety of return and the principal amount, and yes bitcoin has grown beyond expectations in the last 5 years, but at this stage it has become almost impossible to predict where will bitcoin be in the next 5 years. |
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As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
I came from a background of investing in stocks, so when I started trading in cryptos, one of the first mistakes i committed was diversifying without fully realizing what i was stepping into. I had my share of losses before I started to realize the importance of experience in the crypto world. No matter how much of an expert you think you are, what the cryptocurrency market demands is experience and time. As it is still very young, trends are hard to follow, so even when you think you know what is going to happen never be overconfident! Another big mistake I have seen people commit is becoming too afraid after a set of initial losses, what one needs here is resolve and caution. Follow the news, stay sharp, invest smart and stay in profit! |
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We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
I have been investing and trying to earn bitcoins for a little under 2 years. When it was somewhere less than tenth of its current rate. Back then there were a lot less opportunities than there are now, for me the last two years have been extremely fruitful, and over time both the money I have accumulated and the time I spend gaining bitcoins have grown manifolds, and all of it has been worth it. Perhaps you are doubting bitcoin's potential at the current moment or maybe its just a general query, in any case my advice to you is very simple- Work smart, connect as much as you can and invest with great caution and prudence! |
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Pakistan is currently facing the political instability and looming its economy. Many Pakistani’s are now considering cryptocurrency in order to reduce the economic inflation. There government made a huge error in deterring crypto tradings earlier this year. So many nations facing economic crisis similar to Pakistan have turned to cryptocurrencies, and thats fantastic news. |
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The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
Its a very lucrative way of reaching investors, although many times the investors themselves dont pay much attention to the project that they are investing in, but same is the case with the stock market, so many investors have no idea what the company whose stocks they are buying are really doing. But for people with innovative projects starting a cryptocurrency is a great way to get what they need the most-Money! |
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I have seen several post which speaks btc is not dead, whether investment or not, whether it is really for risk takers or not and several of these topic triggered me to come to the point that in deed if one had a wish for BTC, how will that be for bitcoin?
At the current moment my biggest wish would be for this negative attitude of the big authorities to cease. It would be good to see Bitcoin being embraced by them without applying any unnecessary regulatory measures. This current trend must reverse as it will really help strengthen the public's confidence in Bitcoin. |
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