|
Due to volatility, the ups and downs of the crypto price is just a normal trend. There is always a season for everything, especially on trading. When the price goes down, it’s the best time to buy for the buyers and when the price goes up, it is the best time to sell for those who hold their coins or tokens. Crypto World is a matter of proper timing.
|
|
|
|
|
It is obvious by the name of Satoshi Nakamoto who created Bitcoin, a Japanese name. We are expecting that Japan will claim this technology since they are one of the top countries in terms of technological breakthroughs. They have the power, the capability, the technology and the resources to create and to maintain this amazing discovery. I think this is good news for Crypto Enthusiast and Investors.
|
|
|
|
|
I think the best question would be, who knows who is the real Satoshi Nakamoto? Since Wikipedia has all the information regarding Satoshi, who is the creator of Bitcoin Software and the creator of Bitcoin.org. They said that Nakamoto collaborated with other developers on the bitcoin software until mid-2010. Who are these developers who remain silent to the real identity of Satoshi Nakamoto?
If I were Satoshi, I will do the same thing. It is better to be a very wealthy person and remains anonymous than being famous and all attention will be focused on me. Since I have created a very powerful software to hide my identity, I will have no problem at all.
|
|
|
|
|
Personally, what amazes me about Bitcoin is the technology behind it. How it was developed and how it really works. Second is the speed and convenience. In my country who have slow internet and slow conventional transaction procedures, it is really amazing when I do some transaction with a simple click using Bitcoin.
|
|
|
|
|
I believe that the CREATOR always has the most number of Bitcoins because if I am the creator, I know everything about Bitcoin and the technology behind it. That is the real advantage. If Satoshi is a real person or group of persons, I think he or they own the most number of Bitcoins.
|
|
|
|
|
DO NOT WORRY. Worrying is not good and doesn’t help a bit. Why worry if there’s a way and why worry if there’s no way. Doing Bitcoin and doing other transactions have different risks factors but still, they have a risk. Why not think of an alternative solution for you to have peace of mind. Why not invest in different things, divert some of your investments to real estate and gold while you do trading to earn Bitcoins again.
|
|
|
|
|
This is a good idea to improve awareness of the people regarding Bitcoin. This can be done by some companies with an exchange or trading platform.
Advertising of Bitcoin can also be done by merchants who already accept bitcoin as payment. That way, with a fast-growing community of Bitcoin, they know where they can spend their bitcoin and make this currency active in the real world.
|
|
|
|
|
CONSTANT GROWTH. This is what I can only say on every currency. This is due to inflation and value. Law of Supply and Demand also has an effect. We are expecting Bitcoin on its highest point on every cycle. Trading is good and earning potential is greater. Just continue on believing that Bitcoin and it will be the #1 mode of payment on online transactions.
|
|
|
|
|
I don’t think this is a timely question now that Bitcoin is on a very low price. People buy more Bitcoin nowadays not just because of its price but because of its value. It means that Bitcoin was widely accepted globally and people are now aware of the usefulness of this new technology like in Japan.
People will buy even at a higher price because they believe that Bitcoin is getting better. That is the reason why the price is getting higher. Trading is like that. Why we buy stocks of one company even if it is higher than its original price?
|
|
|
|
If I'm going to be honest, I think that the newfound cryptocurrency legalization in Asian countries like Japan and South Korea will lead to a lot more "user-friendly" websites, guides, ebooks, and apps that will help the average person get more familiarized with how to use Bitcoin, not how it works. HUGE difference.
I'm fairly tech-savvy, as I've been around technology since the late 90's, and Bitcoin took a while for me to understand. The media has thus far focused on news related to the effects of Bitcoin, and not really about the technology or security advantages of it. I believe that's simply because they don't understand how Bitcoin works.
If we're going to have any long-term staying power, the community is going to need to learn how to use Bitcoin, not how it works. Let's take banks, for example. Not many people know about how banks operate, what their internal procedures are, what happens to your money once it hits their vaults and private ledgers, etc. All we know is that we deposit $100 into our accounts, and we could use that $100 at a later time as we see fit. Do we understand how banks work? Nope. Don't need to. We just know that we can use our money (for the most part) when and where we want.
Electricity is the same way. Do we understand the circuitry and engineering behind how our light switch is connected via wires to a voltage regulator that has a light bulb attached to that? Nope, because we don't need to. All we know is that when we flip the light switch, the bulb turns on.
Bitcoin should be the same way, and until the media power houses start focusing on the uses of Bitcoin and what it can be used for, rather than trying to teach us about the technology behind it, Bitcoin won't become a commodity like we want it to become. From most of my experiences with Bitcoin in the media, there has always been a negative connotation to the stories they produce.
Simplify Bitcoin. More websites need to publish how to use Bitcoin, rather than how it works. My thoughts.
You’re absolutely right especially in this statement “The community is going to need to learn how to use Bitcoin, not how it works”. Users should learn how to use it and what are the benefits of doing so. Power of media has a vital role in promoting awareness to everyone. Bitcoin is not a simple thing to understand but with the power of media and digital marketing, everything can be illustrated in a very simple manner. |
|
|
|
|
Everything has always PROS and CONS. As long we use right thing to its right place, everything will be fine. I cannot say that Bitcoin can reduce corruption but it can help if we use the advantage of Blockchain Technology’s transparency and reliability.
|
|
|
|
|
Before we come up with any conclusion, we must know how the said exchange platform works. We should also know how they make a profit.
Exchange platform usually makes a profit in the difference of spread during buying and selling. We are exchanging our currency based on what we have agreed to exchange. I think it has no different with the real world exchange fees that vary based on the area. For Cryptocurrency, I believe they implement maximum fees on every transaction.
|
|
|
|
|
"It's easy to criticize something that you don't fully understand".
Bill Gates statement about anonymity on Bitcoin technology just proved that he doesn’t really understand what is really happening today. Anonymity on Bitcoin was not there anymore since we are required to reveal our true identity thru KYC from our exchange platform to convert Bitcoin into Fiat.
Everyone has their own right to give their opinion. We also have the right if we will accept their opinion or not. As for me, I have decided to reject negative thoughts and look forward to what Bitcoin's has to offer.
|
|
|
|
|
The technology behind Bitcoin that uses chain of blocks is considered to be so secure which makes it so hard to tamper or make changes on it. There has, that characteristic that makes every block a unique one so the whole chains characteristics will always depend on every block.
|
|
|
|
|
The rise and fall of Bitcoin are just normal. That’s the reason why people are so curious and affected because of its high volatility. I don’t think that it will die. This is just the right time that digital currency and the technology behind Bitcoin change the way how we make transactions and how we handle our money.
|
|
|
|
Every year since the creation of Bitcoin, it has followed a similar seasonal pattern. With the exception of 2013. February and March are rough months, with bottom around the 3rd week of March. April is usually a neutral month, posting slight gains on average. May and June are always skyrocket months, with more growth than even December/January.
The one exception is 2013, where the Silk Road was born in late winter. BTC skyrocketed in February and March. When the FBI took down the Silk Road, May and June were bear months. BTC is too big now to be influenced by one market being destroyed. Three drug markets were taken offline last year and the market didn't even notice. Proving that illicit use has become a minority use case.
So stop panicking and take advantage of BTC cheaper than you'll ever get it for again.
Edit: 2011 was the year of the Silk road, my bad.
I totally agree with you. FUD will just weaken our minds to think about the right decision to make. We should always take advantage of the situation and look forward to what Bitcoin can do to our lives. One person in my country took advantage of the poor situation and now, he is one of the richest people in my country and in the whole world. |
|
|
|
|
Though in my country, some online merchants accept Bitcoin as payment, I am not spending my Bitcoin as it is. I still have to convert it to fiat to buy some of my needs and settle some bills.
Of course, there’s a feeling of FOMO (Fear of Missing Out) while the volatility is so high. Anything can happen overnight while we are sleeping. But as time goes by, we must learn how to control this feeling. What we have spent will always get back if we know how to do trading and other ways to generate crypto.
|
|
|
|
|
D. Others: Do not blame anyone. Move on with your life.
We are aware from the start that there is a high risk of Bitcoin. We should not put any blame on anyone. Instead, before anything bad thing happens, do something that will secure you and your family's future. Invest some of your income to different assets like real estate or gold. Something that will increase its value after several years.
|
|
|
|
|
I think you are referring to "Investing" because in investing "money works for you".
As for other people who do "trading", I think they are also making money from thin air but they have to be an expert on what they do.
It is also not applicable to them the "doing nothing" thing because they have to monitor the movement of every cryptocurrency to be able to do their job.
|
|
|
|
|
I agree that we should not invest in anything that we do not know. Investing in Bitcoin takes a lot of guts because of the high risk. We should be investing the money that we are ready to lose. Also, we must learn how the Bitcoin works and how the project works to prevent being scammed.
|
|
|
|
|
Show Posts
