From what I've heard they've already taken down the bitcoin ATMs, there has apparently been definitely some legal issues with the installation of the ATMs it seems.
I'd say that it was a far fetched idea at best anyways. The fact is that it was a matter of time before the RBI would catch onto what Unocoin is doing, and since it does involve fiat currencies if I understand correctly, they're extra sensitive about it.
With the current climate regarding cryptocurrencies in India it's for sure a risky proposition for any company to try to start their own bitcoin ATMs or even just continue to operate their existing businesses, which is sad tbh.
You're right mate. I heard the news about a founder of a Bitcoin ATM in India had been arrested cause the cryptocurrency exchange kiosk is not legal in India. As far as I know, cryptocurrency is not accepted as a legal tender in India. Tbis seemed to be a sad news for cryptocurrency industry cause another third world country such as India doesn't accept bitcoin. |
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Bitcoin is really great for long-term investment. If you decided to take this, you shouldn't be bothered anymore by any news of decline. It won't matter because you're mind is set on the future maybe two or three years from now. This is the cold investment. But, if you want profit right away, day trading is possible as long as there is fluctuations and it is not always decline.
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Voting is one of the most important process of democratic countries also with other type of government. United States of America recent election, which was an automated voting, drew a lot of contoversy due to vote manipulation. This is already automated. Now, with blockchain technology, wherein most the people don't understand how codes and things are being done, there will be a lot of resistance to this. Most people might not be ready for this. But this is another great innovations under blockchain technology.
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I don't believe that traditional banks are going on an extinction phase. Banking institutions nowadays are really secure and well-established. Now, the new technology brought by blockchain is disrupting the banking system for good. Though blockchain technology won't make these banks extinct but rather make them perform better system. I'm sure that financial institutions including banks are preparing and adopting well with the current technology. Anticipating the thing that may happen in the future.
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Gambling is really very addictive and the chances of losing is much greater than winning. Online gambling games are moat likely loaded on the side of losing on the part of the gamblers. Whatever strategy you've done in gambling, you'll might still ended up losing. Now, trading is a different field though it might result the same as in gambling. Strategy is a must in trading. Don't ever invest bigtime if you're knowledge are insufficient. Cryptocurrency trading is much more difficult due the fact that it is unpredictable and very volatile.
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The reason why there are people who became millionaire because of cryptocurrency is these early holders of bitcoin and ethereum. Back then, the prices of these coins way back very low. Imagine the price and ethereum becoming 5-digit and 4-digit in price will sure make you millinionaire.
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Bitcoin as payment to a cup of coffee? Scalability is one of the issues bitcoin has been working on to resolve as soon as possible. Only if bitcoin can resolve the speed of every transaction of bitcoin in the network, for sure bitcoin will go mainstream and can purchase a cup of coffee in Starbucks. Also, need to consider the transaction fees.
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No, it won't. Safer to say in our lifetime. Blickchain technology hasn't been utilized to its full potential. There is a lot more to improve in terms of innovations, usage, adoption, and securities. At first, only few believe that blockchain technology will have the chance to grow. But, look at the blockchain technology and cryptocurrency, these are very significant in our modern world.
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As long as the ICOs are successful and there is no any announcement from them, they are good for waiting. The delay might be due to the down market and thinking that their tokens will be high affected when brought down to the market. I think you can still wait or have them message to ask what probably might be the cause of the delay.
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If you have the patience to wait and you believe that bitcoin is significantly potential in the future, then this is the right time to acquire bitcoin. It is sold at a very low price. Grab the opportunity before it's too late. We have seen a lot of dramas happening this year, who knows maybe it's party time. The recent drop off felt like no negative effect on the investors. Seems like the are waiting something exciting will happen. Their anticipation is full of positivity.
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Maybe this is another chance for investors to buy bitcoin at a discount to already a discounted price. A repeat may happen just like November 2017 when the price of bitcoin experienced a sharp fall. Then 2017 bull run was th highlight in December 2017. Are we seeing the same scenario for 2018? Nobody can definitely assured of the furure.
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Considering that at least 90% of the ICOs are scam or failed, there is no reason to invest in an ICOs with unknown development team or partnered company. This is the problem we need to face right now, that is why I would like to see regulations in crowdfunding to somehow minimize scam. Valid and qualified development team to be passed to certain regulatory body, then verified, before they'll be allowed to start crowdfunding.
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700 days is just 30 days less than 2 years for the price of bitcoin to reach $20,000 again. You know that this year is the year where almost every prediction about bitcoin fail, whether its good news or bad news. The article above will be another prediction that might fail. This year makes bitcoin more and more unpredictable.
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Of course there are industries that won't need blockchain technology such as agriculture, poultry, fisheries, and a lot more. But, instead of thinking where blockchain doesn't have significance, it's better to think of the industries where blockchain is very useful. As they say, blockchain can revolutionize a lot of existing processes in financial, HR, services, and many more.
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Because of the things that happened for the first 9 months of year 2018, traders and investors are now moving carefully in the market. They had learned their lessons already. They do their research and study before trading. The red that you see are.for those coins that are not significant if the traders and investors are concerned. They rather gamble with small profit but stable coins.
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Yes 3rd world countries are embracing the bitcoins more than the first world countries. They are embracing cryptocurrencies or any other currencies like USD or Euros this due too bad economies, inflation, sanctions and bad economic politics and corruption of their governments the perfect example for that, of course, is Venezuela… Venezuela it is now the 3rd country in the world that trades bitcoins the 1st is the United States and the 2nd Russia and the 4th United Kingdom
I think developed countries such as US, Canada, Australia, South Korea, are bitcoin-friendly countries; though their governments are doing their best to somehow regulate them in a way not going away from the principle of decentralization. Those regulations are being set up to reduce the fraud and scam. Their priority is to protect their people from illegal transactions. It should be balance in a way. |
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This might be one of the issues bitcoin has to face in going mainstream adoption. Bigtime bitcoin holders want bitcoin price to be go higher and higher just like feeling of no satisfaction. The other side of the issue, bitcoin needs stability as one requirement to adoption. The problem will arise when these holders suddenly push the button to manipulate the price whenever they need to. There's no stopping them because there's no tracing them. If I'm a bitcoin holder, of course, I like the idea of $250k.
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If you're expecting for a bull run this as what happened last year, then you must be prepared to get disappointed. As October started, many investors were very positive about the market and expecting a bull run for the last quarter of the year. But, we are now in November, there's still no signs of bullish market what more of bull run. They're right, the only hope for this year is the stability of the prices.
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Most of the discussions were about Ethereum maybe because there is a lot of Ethereum holders out there. Remember that ethereum is the second largest cryptocurrency in terms of market cap. These holders are affected by the bearish market this year where ETH price fell down really hard. But, now it is stable.
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This stability of bitcoin might be experts are saying as one of the criteria for bitcoin to go mainstream adoption. Though there are still fluctuations but the prices play around $6,600. This stability at low price is not a good news for bitcoin investors especially those who bought just last year. But, I would say that stability after 10 months of bloody months is a lot better.
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