And what do you suggest people do, as more and more companies start using automation instead of hiring people?
I think it's a good thing that people are starting to look into different ways to become self-employed, I don't care that it doesn't directly contribute to society.
Do you think it's so great that someone spends 10 hours per day in a factory packing stupid shit in boxes?
So good for society... That we have someone packing up hundreds of fidget spinners every day.
Not everyone has to be an engineer or doctor, entertainment certainly has its place in society.
I definitely agree with your views. It's kinda boring to do simple things over and over again. If we have the capability to simplify and automate this job. Everyone has their own talents and skills which they can use effectively and besides not all here are don't have regular jobs. This is just a ranting individual that don't want to learn something new. Instead of studying what could Bitcoin possibly do with his life: he lost, he quit, then he wants to bring someone down. Envy is really a bad thing. |
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As the title says that if you want to increase the price of bitcoin then promote it everywhere around you. As if you will promote it and will discuss about bitcoin with your friends and family and your other relatives then they will also invest their money in bitcoin and the name of bitcoin may reach to a group of people who will have a high amount to invest in bitcoin which will increase the demand of it than its supply.
I am saying it because a few days ago I heard from a person that he discussed about bitcoin with a friend and after that his friend felt interest in that coin and he said that he has a total of $60000 income per day from his business and when he will fully learn about bitcoin then he will invest all of them in bitcoin each day instead of depositing them in his bank account. If people like that will get awareness about bitcoin then once again the price will start to rise.
I agree with your statement about the promotion of Bitcoin. It is true that we can increase of Bitcoin by promoting it so that investors will give it a try when they've seen the potential income from Bitcoin. As for your statement that we will be involving our friends and relatives is kinda hard, the reason why is that people who just know you trust you even they don't really know how Blockchain Technology works. Then when they don't get what they expected and failed to be rich instantly, they can easily put the blame on you. |
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We cannot tell if someone was behind this false news but it is possible especially for those whales who want more Bitcoins. Nowadays, mainstream media can also be bought and sensationalize even social media was being manipulated by some people who wanted to spread the false or fake news.
I suggest that all of us should be more aware of these activities to be able to counter attack their actions.
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This is basic but someone should really say something to remind everyone. Thank you for reminding us as well as everyone on this aspect. We have the deceptive heart that always fails us when we need to use our mind over our emotions. Fear will always win to those who are weak.
BUY LOW SELL HIGH. Basic.
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This is really sad news . You have our sympathy. We understand what you feel and what you are going through right now.
Thank you for sharing this with us as a warning even though some will really not understand. I am also hoping that the culprit will somehow give you something that you can use to start again.
I think the best way to do is to move on, start again and be very careful next time.
A lesson learned.
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This is very normal. When government consider bitcoin as a stock or commodity it will require everyone who invested on a KYC and AML requirements. This is not a bad news since it was even required to the stock exchange and on banking institutions. This action of requiring bitcoin such requirements is a sign that bitcoin is already recognized by the state as legal and can be used within its territory.
I strongly agree with this statement. Let us be positive people, we have gained so much profit from the previous seasons of Bitcoin and one thing we should embrace to continue our sustainability is to follow what the government wants us to do. It is also an advantage for us who legally do our trading and investing. The government can't protect us if they will not regulate the system. |
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Kindly clarify if what you really need to know. If you want to know why does Bitcoin have value and how the value was determined, then this is my response.
There are 3 important factors affecting Bitcoin's value.
1. Scarcity
2. Utility
3. Supply and Demand
1. Scarcity
Bitcoin is like gold which has limited supply. That is the reason why it is scarce.
2. Utility
Bitcoin nowadays is well-known and is used as an alternative mode of payment. It is also used in trading and investment. Profits can easily generate through Bitcoin so many have gained its benefits.
3. Supply and Demand
The volatility of Bitcoin is one of its characteristics. The Scarcity, as well as Utility, affects the Supply and Demand of Bitcoin on the market. That is the reason why price change of Bitcoin was so often and can change over time.
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There is a good season or bad season for every year. But what the most important thing is how we will manage that season to be more productive and more efficient. We should also remember that after the bad season comes the better season or the good days. Bad days are now starting to go, what do we expect next?
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The more you take the risks, the more you will have a greater profit. Trading is kinda different from hodling. When you want to be more productive and have more profit then you should learn and try trading. Don't do something that you are not good at. At the end you will what you already have.
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Being a newbie, you are responsible for yourself. No one should be blamed. If you want to learn thoroughly about Bitcoin, Do some research. Bitcoin info is almost everywhere. But what we should do as members are to help to spread awareness. For a simple and little way, we can help them understand the basics of Bitcoin.
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Hacking Bitcoin is very hard to do because of its peculiar characteristics. While the "supercomputer" advances, Bitcoin also was being more stable. The development for the "supercomputer" still continues and I think it is hard for the computers to develop as fast as Bitcoin.
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What we are heading is the future and what we need is the future money. There it is, its Bitcoin! So what we are experiencing right now is just a long adjustment period until such time that Bitcoin is what we need. Change is the most constant word in the world. We must accept that the world is changing as well as the way we are living.
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Bitcoin is the mother of all coins and the first coin ever. I still believe that it will never be gone. It is just so popular, people talk about it, someone will be curious about it, someone will try it and someone will be successful because of it. Some people who don't really understand Bitcoin are the one who always talks something about it. Bitcoin will still the future and nothing can change that.
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What we can do is to do what is right. Cooperate with the government's policy for Bitcoin. If we cooperate, Bitcoin will be legalized. Though it will eventually be regulated, our source of income will continue and their speculations/concerns will be answered. If they get tax out of it, so be it. At least we are not breaking any law and we still have Bitcoin.
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What a damn good advice!
This topic is very interesting because it was a prediction of what had happened last year. The topic was active last June 30, 2017, and Bitcoin has a tremendous and spectacular bull run during last quarter of that year. I wonder what happened to those who really take this topic seriously. I bet they had millions profit at that point if they hodl and buy Bitcoins.
As for the same question, Of course, I will definitely save Bitcoin for my child/ren. Bitcoin is a good investment. I will withdraw when the right time comes.
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I've got involved in Cryptocurrency when a friend told me that I can earn extra money while I have my full-time job. I was so interested in it because it will not just give me an extra income but it will definitely change my life in terms of financial stability and time freedom. I am looking forward to having a better future while doing this.
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It is their loss anyway. Though it is a fact that fear is the only reason why they need to banned Bitcoin to their country. It is their right to protect what they need to protect. As for me, as long as we use Bitcoin properly and our government supports it, we are very happy.
A single country will not make Bitcoin crash. Bitcoin will always there.
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We are really hoping for the best as days goes by. We are all excited for the Bitcoin to rise up again. Sudden fall is normal due to correction. We are still positive that it will reach again it's highest value or more. Just continue on what we are doing and make the financial market as lively as possible. Green days will surely on its way.
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Some will accept it and some don't. That's their prerogative, they have all their reasons why they don't want Bitcoin. Bitcoin is good if we use it properly, it is a solution to most problems of many people that is why people really appreciate it. This is the reason why we need to help and spread the great news about Bitcoin and all the benefits we can get from it.
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Though it is far from reality, it is possible that 1 Satoshi will be equal to 1$. But it will take a very long time before it happens. When dollar value will depreciate and 1 satoshi will appreciate and meet to a certain point. I think everybody will be very happy if we are still alive and have the chance to enjoy what life has to offer.
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