When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy% I don't really spend much of my Bitcoin , because I am always in fear. I am not talking about cashing out , but for digital goods. How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more. How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency I don't know how to make a poll here , so :- http://strawpoll.me/1793917This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received. Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency. EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so. I think that level of comfort will come from the situation of the market. If the value of Bitcoin will become a little more stable and also more transactions will begin to surface, I think that that will convince people that it's time to stop holding onto those coins to rot and let them go to help the circulation have some activity and life. Also, if you are asking about it generally, I think that it can happen only if more and more people would find the cryptocurrency market as a good market and stable one to be in instead of thinking that it's a market that is filled with risks and dangers that could affect their investments on the negative. It's all about its image, I think. |
|
|
|
Hello everyone.
I am new here in crypto world but I have no experience about what is the way to earn money using cryptocurrency. I was already studied few things about cryptocurrency but for me it is not enough.
I believe that all of us are have a chance to make a better life in crypto world however I don't know to start or where I do start? Many of members here said that investing and trading are the best way to earn more profits.
Do think that trading and investing with cryptocurrency are much better to my upcoming fulltime job? Because at this time I'm just waiting for the call of my fulltime job. What are the best advice that you may give to me. should I reject the fulltime job that I've been waiting for or to go enter the world of investing and trading?
Can you share you experiences and ideas for me.
It is the great opportunity for me to read your answers.
Thank you in advance.
Many people always ask this question, and I think, it's because of the risks and realities involved in choosing one over the other. To me, however, if you are not sure with what to focus on, why would you even have to choose? I mean, cryptocurrencies right now is not in a good state, which means some of the income you might get as an investor might be compromised, which means that the income you need to support yourself and your family might be in danger. On the one hand, while having a job is not as gainful like having a good investment in your cryptocurrency venture, the good thing about it is its stability. At least, you have a steady income to be used to answer for your needs. The beauty of cryptocurrencies is that it can be done simultaneously with a job. |
|
|
|
Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?
This is due to the poor understanding about crypto currency or the knowledge was conveyed to them wrongly.Digital currencies is different from virtual currency,digital currency means using fiat in credit and debit cards but crypto currencies are currencies which used by blockchain technology and we no need third part help to use crypto currencies.Bitcoin will give the freedom to use of money as we want so if people want that freedom then move to bitcoin and crypto currencies. I agree. I think that's where the fear of most people who say that the market is not a good one to be in is stemming from. I can't blame them, though, when they believe and say that the cryptocurrency market is a dangerous and risky market that is not worth trying out. I think that as more and more people would really delve into the technicalities of cryptocurrencies and find out the good about it and the positive things it can bring, I think that more people would see that it can be a workable market to be in. It's risky and dangerous, yes, but what market is purely safe, there are always risks involved. |
|
|
|
I think so many people are now getting to know about this great technology. Crypto is gradually being know by almost everyone. Some are beginning to know the importance of crypto. The challenge they may have is how to benefit from it.
I think that would be the key feature that could really be a game changer for the cryptocurrency market and all its assets. As we know, it's a different kind of currency that is affected by so many numerous factors that most traditional currencies don't get affected by. Therefore, if it will be able to command more support from the people all around the world, it will surely give the cryptocurrency market a big boost to amp up its market and grow exponentially. |
|
|
|
in the future, will there really be a need for fiat currency? Government can collect taxes in crypto, determine how to allocate it, and spend it in crypto. Ppl can receive salaries and do all commerce using crypto. Loans can be done in crypto. Fundraising can be in crypto. Sure, problems have to be worked out in terms of scalability, does it have to be completely decentralized, etc, the value has to become more stable. But theoretically, is there any reason to have fiat in the future?
It has been established that governments can now do taxation without representation by printing more money (which is a tax on everyone holding the currency), instead of trying to get a bill passed that allows it to increase the tax rate. With crypto this would be no more. All increased taxation would have to pass a vote.
From an economic standpoint, the idea that a country can stimulate its economy by adjusting interest rates is tenuous. There is just as strong an argument that lowering interest rates has caused speculation and bubbles, with calamitous results. In a crypto market economy, capital will flow from where it is needed less to where it is needed more.
Well, right now, I would say that fiat money is necessary because they are the declared and recognized legal tender and bills that governments in their own locals transact with. People are also more accustomed in the dealing with fiat rather than other means, which maybe be popular in their own right, like credit cards. Also, the acceptance that is being shown by people from different ages are more widely recognized in terms of fiat money rather than other means. Therefore, in the line of business, it is still the better asset to have and to deal with. |
|
|
|
Thank you for this post, you have just said it all. I understand that the social media is littered with materials about trading and most of these are obsolete. What I do is to work out my strategy that will be in tune with present realities. I try to marry technical analysis to fundamental as both work hand in hand to govern the market.
Well, that's the trend these days; however, I would say that if one believes completely in social media, then he is too dumb to even try this market. This market is filled so many dead ends and detours that can really get you lost on where and what to invest on. Therefore, you should not rely on just one source of information and tips, most especially, if such source is only based on social media, which is filled with so many information, most of them coming from people who are not even immersed in the market that could give an intelligible advice. For me, the better sources are this forum, tips from seasoned cryptocurrency users, and trusted websites and cryptocurrency discussion sites. |
|
|
|
Ignoring and removing bitcoin to our life is the biggest and worst things that can we do into our life. Bitcoin can actually gave us a huge of opportunities and benefits. It's lighten and brighten up our way just to have or reach our goal and dreams in our life so how we can ignore it in our life if it's helping us in so many ways. I can't never been ignore it and remove it in my life because bitcoin means a lot for me so I will continuously supporting it and I believe it will be much successful in the future.
I agree. I think the assumption of the person who started the post is mostly based on what's currently happening and on his own emotions. Although I don't blame him because it's really hard to believe and see the good in the market, especially if what you're seeing around you is falls and rubles. But then, what is there left for us investors to do, as much as it is really scary, it's also not that easy to just give up on your investments, especially if you have already investment a lot of money, time and effort in it. If you are a serious investor, then you would be patient and wait for everything to get better. |
|
|
|
Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.
It has that capacity and capability; however, I don't think that at the moment, especially with what's happening right now, it doesn't have the power just yet and the maturity to control the world in its vastness in terms of talking about the business, trade and investment sectors. Bitcoin, together with the cryptocurrency market, should first have some changes and evolutions to undergo before it can really have that much of a worldwide impact. Also, inside of gaining "control", I would more so like to see it interplay with other similar businesses, since good competition brings out the best in everything. |
|
|
|
You can refer to cryptocurrency-related forums to search for coin and potential ICO projects. This bitcointalk forum is one of the most prestigious forums where you can learn new and high potential projects. I have found coin incredibly looking up on this forum and I am very often looking for information on the coin over here.
That's right. For me, the best thing to look at right now is how the community is accepting the coin. Even if there are good reviews about it, but in reality, the coin doesn't have a good price point plus its turn over is not so good, I don't invest in them. I mean, what I want, especially when it involves decisions as to what to invest in and the amount that I am willing to invest in, since any coin you invest in right now can be a make or break venture, knowing how bad the market is in right now. You just have to really be thorough in choosing, and don't leave any stone unchecked before you commit. |
|
|
|
Bitcoin is now at about 6k$...
I bought tons of bitcoin when the price was at 3k$ and then sold at about 17k$, I made profits then, but now I don't think that the price can go up again...
Will it?
You already made tons of profit already, why are you still complaining? I think you have a pretty much idea as how the market works, sometimes it doesn't go our way. If if will go up then good, if not then you have to wait. We don't have a crystal ball to see and predict what would be the price. Patience is the key here, and besides, as far as I know year-to-year we are still green so there's nothing to be afraid of. Well, satisfaction is a hard thing to have, most people, even if they already had earned so much, would still not be satisfied, especially when they still have some investments up in the air that is waiting its fate. However, I would say that Bitcoin's trend right now is something scary; however, what can we do, really? I mean, that's how the market works, and as investors, we just have to really play it cool and safe and, at least, make sure that you are doing the right thing when it comes to investing your money so that you won't regret it in the end. |
|
|
|
Although the whole market is red, I'm very much afraid of holding ETH now. In my opinion, ETH was fluctuated to its ATH when people were more interested investing in ICO. Nowadays ICO is almost dead. That is why it has less demand. I don't think it will get another ATH soon.
What's your thoughts on it? Should I hold now?
I don't think it's a good time to sell right now or even in the foreseeable future. I say that because the condition of Ethereum right now is really heart-breaking. I mean, I know, that Ethereum is one of those better coins across the market; however, at the moment, it has dipped quite sharply, going down to around 170 dollars in its current value. Many people are even saying that it's the death of Ethereum is looming already. However, like most people who believe in it, I say that let's just be patient and hold onto our coins, I am sure that once the market factors favor Ethereum, it will once again get back the value it lost. |
|
|
|
If you choose the full time crypto you need to be mentally prepared and you will need some funds like emergency fund and extra savings from the start because the market is unpredictable and things may not favor to you for that you need to build a long term plan on when and how are you going to distribute your labor and money between trading and bounty on signature campaigns plus you need to be fast in sourcing news about bitcoin to prevent further loss and have a much strategic approach on how are you gonna deal with the market to profit because this will be your bread and butter for the months to come.
I agree. Choosing your job or cryptocurrency full time has its own pros and cons. However, on the flip side, I think that you should consider that that is the beauty of venturing in the cryptocurrency market. I mean, before more people contemplated of going full time or sticking to their jobs, most people, if not everyone who has ventured in the market are once part-timers only. It's hard to rely on something that could be so unpredictable, especially if what's at stake is the livelihood and support a person and his family needs. It can't be just paused until one has enough money because it's always a constant. Therefore, if you feel that your ventures might really work out, then maybe quitting your job could be a good move. However, in the state of the market these days, I personally think that it's better to have a contingency, which is a job, that pays steadily. |
|
|
|
If in trading apply fast trading strategy,
What obstacles are constraints
and weaknesses?
Well, I think people are doing that right now. Even if the profit they can get is way smaller than what they can get if they wait a long time, I think why they cling upon to such strategy is dictated by how the market is doing. It's not a secret that, these days, the market is not doing so good. Many coins are either going down or dying out, which is quite scary for investments. To give an example, even Ethereum, one of the better coins in the market is in a bad state right now. Therefore, if you want to capitalize on those little gains each coin shows, then buying and selling quickly could be a good thing. |
|
|
|
Each country has its own rules, and if bitcoin meets the requirements of a country, then bitcoin is worthy of currency, this has happened in some countries, call it russia and nigeria.
That's right. As much as cryptocurrencies can provide such option to be an alternative payment method for good and services just like the humble beginnings of internet banking or credit cards, it depends on the country or the local if they want to allow that. It will be good for the people because having more options is always a good thing; however, if it can be exploited, especially in this case, with cryptocurrencies, by people who can hack the system, governments would have doubts on implementing it because of the risks. Maybe, that's why, not so many countries put cryptocurrencies up as an option. |
|
|
|
The only reason is what happening to bitcoin. Whenever bitcoin price falls, altcoins prices fall too and altcoins price fall is usually bigger than bitcoin.
I agree. These days, especially, most of the altcoins' value react to how Bitcoin is doing. And since Bitcoin right now is not doing that good, then most of the altcoins would follow suit and dwindle in value as well. Bitcoin, as one can say, is the coin that carries the market, being the one with the greatest value and popularity. And so, if that carrier weakens, other assets, which in this case, are the altcoins, would have the same fate. Hopefully, the market will show some good trends in the next several months because it is really affecting the market quite badly. |
|
|
|
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Then there would be a new "KING" if that thing do happen on seeing bitcoin is being overtaken by other altcoins in the market.It would surely be a record and lots of people would be shocked specially to those who hardly believe on bitcoin but we do all know this thing is really hard to achieve,its possible but would really takes time and consideration on the community on switching out into a new coin rather than on bitcoin itself. I agree. If that would happen, it would just create a market shift, and more and more people would focus their transactions on that new coin that will take over Bitcoin's place. I mean, people would always come after the top coin in the market because it always has more to offer as supposed to those that are under it. However, it wouldn't be that easy to do since the thing about cryptocurrencies is that Bitcoin, being the pioneer coin, has all the advantages in terms of popularity and value, which makes it really hard to dethrone it. |
|
|
|
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
Well, for me, it's all about the mindset. One should first concentrate on asking oneself if about his or her seriousness to venture in the cryptocurrency market. We all know that the cryptocurrency market is such a difficult market to be in, let alone, be successful in. Therefore, if a person is not serious and would not want to subject himself to the difficulties and pains of experiencing losses, then I suggest not to continue because this market is really a testy market to be in. In terms of starting, I think you need to first attend to all the technical requirements of trading like choosing a trading site and all the coins that you want to follow through with. For other instructions, maybe you can check tips and tricks videos from seasoned traders to get you started. |
|
|
|
There is a lot change going on in the coin market cap top 200 this days and I don't know if I'm the only one who's aware of it. Could you believe new (4months-7month ago) listed token/coin claimed much slot in the CMC top #200 list. Are those old project which belong to the spot claimed no more profitable? Your opinion  Not necessarily mate. I mean, there are old coins, most especially Bitcoin that has been there for quite some time, in fact it's the pioneer cryptocurrency, but it is still here and is still the best coin around. Well, I think more than the time, the main indicator if a coin is still a good and profitable one is with regards to the support it gets, the transactions where it is being used, and most importantly, the value it still carries. Time is not that much of a consideration because there are coins that took longer to bloom compared to some that may have gained traction quickly but have already lost value in a short while. |
|
|
|
I was questioned on crypto currencies legalization. I explained the facts happening around. Few received it with convincing reactions and few just ignored it. I really felt bad for the guys who did not care about crypto currencies as I really know the fruitfulness? I happily taught few others about crypto currencies. What was your friends expression when you introduced bitcoin to them?
Well, I would say that some of my friends have knowledge about cryptocurrencies, and some of them are even actively venturing in it in different areas. In fact, I, myself, have learned and had an understanding of the ins and outs of the cryptocurrency market because of a friend during the time I was looking for an online part-time job a few years back. I have also tried to convince some of my closest friends to try their hands and venture in the market; however, I have learned that such feat is a hard one to pull off even when you are talking about people who are close to you because it involves money, time and effort to make it in the market. And so, I have stopped on the department long ago. For now, I have a handful that do different ventures, mostly bounties, and we often talk about the different projects that we can enter for better chances of having success. |
|
|
|
Lately I have noticed some good news and bad news about Bitcoin. Many people think that bad news will make the price of Bitcoin "go down" and good news will make the price of Bitcoin "Rise". So on this topic I would like to discuss "How much the power of news can affect the Bitcoin price?" I appreciate your answers and responses. Thanks I think it has a big and vast effect, especially if you're talking about how the value of Bitcoin, either moving up or down. I say that because of the idea that cryptocurrencies are not your usual and traditional currencies that has the typical movements and is affected by a several number of factors that could be somehow controlled by the government like inflation. However, for cryptocurrencies, every factor, like negative news for that matter, has a big effect because it reaches people quite easily, and it also affects how they feel on one topic quite quickly. Once they hear that cryptocurrency is bad, or it's bad investment like many business entities say, then it would prompt them to decrease their interests or totally avoid investing in the market. |
|
|
|
|
Show Posts
