Latest posts of: Pattberry

Quote from: ClaytonLWils on May 23, 2018, 03:49:44 PM

Central bank Governor of Spain has told the cryptos bring more risk than the benefits to get. but I believe on more risk more gain theory. If you can not trust crypto, you will not be able to see its value. Risk is associated with all kinda business. It just has to be calculated properly that which one would be profitable for you.

Risk might be associated with every forms of investment but this is an unregulated market and you can expect all the bad players in the market and no one is controlling it, so if you are not careful with your money it might disappear, there are good projects but majority are just fill up projects just to collect more money, so you need to wage the risk before investing in it.

Quote from: Lorence.xD on May 20, 2018, 12:06:27 PM

Digital transaction using crypto currency has a very little effect on World Economy, yse, it may affect the market trading base on the volume of share movement the treed. The entry of crypto currency in market trading had only open a lot of investor to participate on trading of such ALT coin project. The market are more exiting as if one investor is monitoring the movement of crypto coin on the treed. Just like what had happened on the previous month when the Bitcoin price drops and drops until it stabilized after the correction of its market. On the other hand World economy was not affected by the event on crypto market trading.

As we speak now it might be a really small market but if you look at the rate in which this market is evolving there is no doubt it will have an impact in the world. Right now majority of the users are not really taking advantage of the transaction service these coins provide rather everyone wants to make money hoarding the coins, but eventually it will change and it will be the major factors in economy.

Quote from: crzy on May 26, 2018, 03:23:46 PM

Its not easy to encourage people to invest on bitcoin, so many ways to promote but people will not easily believe on what you say. I usually share not just my knowledge but also some of my transactions with bitcoin. We must not stop to promote bitcoin, let’s start with our family, friends and other relatives and keep your goal to help many people.

I do accept the fact that it is really difficult to make one understand about the new market as they will be having a million doubts on how these are possible virtually and i would never encourage anyone when it comes to investment as everyone have to make their own decision when it comes to investment and never play the devils advocate as it might get you into trouble at a later time. Grin

So what is the basic situation here, there are contradicting statements from India all the time, if the government is planning to impose GST on cryptocurrencies then why do they want to restrict the flow of money in these exchanges and send a circulation to banks to stop having business with these exchanges, i am still not sure how things will end up but hopefully they wont levy a big tax so that it is hard to attain profit.

Quote from: BitPlace on May 26, 2018, 11:34:10 AM

Right now, one thing is for sure, Bitcoin value right now is very low and patiently waiting until the time will come that bitcoin price will became high. Many people really do believe bitcoins work thats why they are still buy a bitcoin and hold this until they can sell it in a higher price.

How can this be a low valuation if you consider what the price of bitcoin is exactly a year ago, i do consider this as high valuation, whether this is inflated is another topic, but it is not possible for a common man to purchase the whole bitcoin with his monthly salary, if bitcoin is able to do the fundamental use of being used as a currency the price will keep on increasing as long as there is demand in it.

Quote from: MUSFIKAR on May 26, 2018, 02:52:46 PM

Yes you just want to know, what's going on with stores that earn Bitcoin in bulk, you wonder they're so rich right now, multi millionaire pizza shop. It's amazing, Bitcoin is currently growing very fast can be a history for Bitcoin advancement.This is a very unusual thing.

Not necessarily you can claim that the initial trade of ten thousand bitcoin pizza transactions made by the seller made him a multi millionaire, i am sure he must have sold all or most of his coins a long time ago and since this is the initial transaction being used to purchase an item in the history of bitcoin we can make that assumption, many have lost their private keys and it was a common situation in the initial phase .

Quote from: pabpete on May 22, 2018, 10:05:35 AM

The future of finance could be dominated by blockchain technologies. A traceable global currency complete with an efficient infrastructure will not only result in massive cost reduction for all market participants, it will change global banking.

The real use of blockchain technology can be applied everywhere in our society, government can use it for transparency and it will certainly reduce cost if you are able to implement it, currency using this technology is one thing and it already proved that it is the future but there is a wide array of uses when it comes to blockchain and we will see many companies coming up with solutions that would enable them to work efficiently.

Quote from: vladimir21 on January 17, 2018, 08:30:35 AM

I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market
is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and
dominate.

This is the biggest problem with you, you entered the market when it is on a bull run and made a good profit and then when the market corrected you never had a clue on what to do with it and you basically sold everything which is not a smart move in the first place, since you made a loss because of your inexperience does not mean that the market is dubious, make sure you learn to handle the bear run too if you want to make money in any market.

Quote from: Wind_FURY on May 25, 2018, 05:49:41 AM

Quote from: gabmen on May 25, 2018, 04:52:49 AM

Well i don't think anyone holding a significant amount of bitcoins would dare deal with banks anymore if indeed the price goes up to mcafee levels. Though i'm not quite convinced yet how the guy's that confident about btc in such a short amount of time. Of course a lot of people, icluding me, would be extremely happy if that happens and the guy won't need to eat his own manhood, but i don't see how it'll work

Which one, Bitcoin reaching $1,000,000 per coin or John McAfee eating his own penis? I believe he can hire a contortionist. It would be much cheaper than spending billions to pump Bitcoin to the moon. Hahaha.

That is a good one Cheesy

John McAfee will be hiring someone to do something because it is not going to happen anytime soon, the chances are highly unlikely and i give a zero chances to reach anywhere near those valuations in the next ten years, argument case let us suppose that the price will reach those values, it will never change anyone else other than the early investors.

Quote from: posi on May 15, 2018, 10:28:03 AM

I think Bitcoin,Ripple, Komodo and XEM have better chance but with the current market status and some organization which causes FUD lately. To be honest mate, no coin will yield the X10 profit this year.

If you look at coinmarketcap you will see coins on a daily basis that are moving higher more than ten percentage, so never tell that the price wont increase this year, last year the price of bitcoin was hovering around and not rising much in the beginning but then the momentum took over and the price went off the charts and you cannot tell that it wont happen this year too. Bitcoin and bitcoin cash will be coins to look after and Monero and Zcash are the coins i am holding along with ETH.

Impressed with their storage of private keys in bunkers, but is it a surprising news actually, almost all of the top exchanges are dealing with that kind of money and any wallet services and even coinbase will be having that much amount stored in their wallet, sadly bitcoin is used in hoarding it for the long term in the anticipation of a much bigger profit rather than using it as a currency.

Quote from: maarx on May 19, 2018, 05:56:36 PM

So as per last year's growth trend, bitcoin value may hit minimum $35 to 40K by Dec 2018. Lets watch what happens.

Even in the past we have not seen the price rallying in consecutive years and that is what i am expecting this year, we might see the price trading in ranges and last year it was a dream period for bitcoin investors and i really doubt whether we will see those market situations in the future, but i am still optimistic about the $40k in a couple of years and by then the scaling situation will have a clear solution.

Quote from: Faithgg on May 19, 2018, 07:04:30 PM

I am absolutely delighted that the market regulation agree with the legality of using and owning electronic money; the transparency and effectiveness of public administration through the use of blockchain , and recognizes the independence of the role of a nation that we would like to have in this creative industry.

I do not see any transparency coming from the government simply because of this technology, i like the free market concept but it is not possible since there are many frauds who will try to take advantage of the situation and because of that regulation is a necessary thing so that bad players wont enter the market, if the governments around the world accept the blockchain technology and make a transparent governance it would be revolutionary.

Quote from: VitKoyn on May 18, 2018, 01:24:09 PM

Jack Ma said on an interview that he don't know about Bitcoin at all, so how can he come up with the conclusion that it is a bubble if he doesn't even know how it really works, lol. It is obvious that he looks at Bitcoin as a competitor of his online payment processor called alipay,

This is exactly the main problem, the business owners are troubled by the introduction of bitcoin because it will challenge their business model and they wanted to create a fear into the minds of new users who are in two minds and some people are creating these panic situation, but people who understand the technology could understand how things will go, i am not in this market because someone said so and i do not care about anyone's opinion.

With these difference in opinions and in fights the real people behind these propaganda are actually winning, they just knew that dividing the entire bitcoin community to different groups will be an easy job to destroy the real purpose of this entire revolution and they have successfully done that by now. I am sure new users will be confused with the amount of coins in the market with the same name, there is nothing that can be done now.

Quote from: mahibul49 on May 18, 2018, 06:50:38 PM

its a good idea and if facebook create its own crypto then crypto market will boom and like facebook many big company will also use blockchain technology.

Every company can use the blockchain technology but that does not mean that they need to create a coin that is being traded in any exchange, it can be a private blockchain project rather than a public one. I do not think so that facebook will start a new crypto, but they might integrate the blockchain technology at some capacity. What is the real use of every company starting their own coin.

Quote from: Kisanaq on May 17, 2018, 02:37:19 PM

If we fail to become wealthy now then never pessimistic, everyone has the right and chance to be rich, bitcoin is one thing that can make wealthy but never just rely on bitcoin.

If you are really looking to get rich, get a professional university degree and get good grades and get placed in a MNC and that is the only thing you need to do to get a good life rather than sitting around or the other way is to have the skills to develop something innovative that could make you a billionaire.
The US is not allowing people to invest in these ICO is simply because of the amount of scams in the market.

Quote from: okala on April 30, 2018, 05:48:31 PM

Bitcoin dominant is actually reducing by day and we should be happy that other coins are getting more ground in crypto world. We are not going to see the kind of bull run we have in December now but I think everything about the market is showing recovering.

I really do not want to see the dominance of bitcoin going down, the main reason for that is simply because of the transaction charges and the delay bitcoin had last year pushed people to look at the altcoin market because it was much more convenient to use them and so is the reason we see more market domination by the alts.

Quote from: trako on May 17, 2018, 04:09:48 PM

there is always this possibility. you can meet it when thousands of people sell their bitcoin. or when investments are declining. but it is a small possibility. because mining costs can not be produced below 5k.

You do not need thousands of people selling bitcoin to have a major fall, big whales could make a difference too, Mt Gox certainly sold many coins in the past few months and they are the major reason for the crashes we are seeing every now and then, you cannot predict anything when it comes to bitcoin, i am not sure about the mining cost will be a major factor when it comes to bitcoin price.

Quote from: NaXxow on May 11, 2018, 01:17:28 PM

one reason for LTC failed pump is the sell-off happened last few months. Of course with that reason it has a low chance to reach 1000 USD this year. Just my thoughts.

This is the exact problem with all the coins in the market, if there is a major sell off the price goes down Tongue

. I do not see the price of Litecoin moving to thousand dollars, there was a time when i thought that the price would rally when they introduced litepay, but even with that there was not much of a merchant adaptation and that is the main problem of litecoin.