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What makes bitcoin a great investment to a lot of off shore investors is that it can easily be transferred quickly without a middleman. Banks are able to freeze your assets but with bitcoin you are the sole owner and no one can freeze or seize your btc.
This past year people kept saying institutional money was coming but I think it will take a few years for mainstream investors to enter the crypto world. It's a great hedge against real estate and fiat money which can implode at anytime.
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There are a massive amount of coins (over 1500 listed on coinmarketcap), Only the established coins will be around by 2025. There will most likely be some new tech coins by then that do things we can't even imagine. The only two coins I'm 100 percent sure that will still be around and supported are Bitcoin and Ethereum
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From what I've seen none of the current or upcoming ICOs look very promising. The failure rate of new projects is extremely high and most of them end up being scams. I would only stick to proven coins at the top of the charts unless you feel like throwing your money away on some worthless token.
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Most older people don't really understand bitcoin and cryptocurrency. They feel more safe having their money in a tradtional bank instead of having to secure their own btc wallets. I'm heavily into crypto but I still think keeping part of your funds in gold is a solid investment. It never hurts to diversify your holdings.
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I pay a passing attention to the real estate market, but I've never owned property because there's not another asset class that depreciates so rapidly (except for the automobile one, which I also have no part of). You have to insure the house, pay taxes on it, make sure the pipes don't freeze, etc. Not worth it for me. But that's not to say I don't appreciate the benefits of owning property.
Still, the market does intrigue me when it moves. I was aware of people buying properties in order to flip them back in 2006-07, and I found that interesting. I've not noticed anything going on recently, but I'm sure it's happening. I would imagine the real estate market should have rebounded by now from the 2008 banking/housing crisis. All I can say is, if you're buying a home, make sure you can afford it. That's what got a lot of people in trouble 10 years ago. And I say it's much better to rent than to buy.
There are quite a few automobiles that appreciate in value (limited model high end brand models). Owning a house can be a major headache and in the USA you never really own your house. The U.S. government can take any piece of property they want. How can you ever truly own something if you are basically paying rent (property tax) to the government. So ownership in most places is just an illusion |
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Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.
You can weed out the majority of scam by ICOs just by doing a small amount of research. Verify that their team is real and make sure they didn't plagiarize their whitepaper. I don't think it needs to be regulated because the less government intervention the better. The responsibility relies on yourself, not some outside regulatory body. |
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It's really easy for new coins to do wash trading and price manipulation to get a higher ranking on coinmarketcap. I've seen some really useless coins make their way to the top 50 of CMC overnight. It's very concerning that a ponzi scam (bitconnect) was once a top 10 coin. Coinmarketcap has started to crack down on fraudulent coins but the problem still persists.
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Hey everyone, have a quick question: how much bitcoin do I need to start a bitcoin casino? Gonna buy a turnkey bitcoin casino soon which will be about a grand, but about how much bitcoin do I need to reliably be able to pay off winners, at least in the beginning? I know the number varies, but ballpark.
It will be very difficult to start a new casino. There is a lot of competition and you may struggle to stand out against the crowd. If you are seriously considering this you need to look at all the problems you may face: security issues, government compliance, angry customers, cheaters, abusers, etc. It's a lot to think about and spend a long time thinking about your decision. |
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I've seen some of them in NYC but never actually had a chance to use them. I heard it's quite expensive to withdraw money from them.
The bitcoin ATM's I've seen in person have had ridiculous fees. ATMs are great for mainstream adoption and getting beginners started in crypto but no serious investor would use one of these. I've been quite surprised to see bitcoin ATMs in very small towns I have visited. |
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There has been a lot of good crypto news recently but the price continues to fall from the all time highs. I'm starting to think we won't see any big price increases until the next halving event. Right now bitcoin inflation is at about 3% which is high compared to fiat money.
Governments would have a hard time stopping crypto if they wanted, Govs would rather just collect on crypto taxes instead of banning it.
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I got my free bet! Hell yeah! Thanks Jeremypwr.  I even randomly made a bet yesterday and won that. Can't get any more lucky.  Hope to get lucky on my free 2mBtc bet from sportsbet.io! Big Thanks to jeremypwr  |
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jeremypwr, I would like to be considered for this campaign after the sportsbet.io campaign ends (2 weeks).
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I read that some people have lost everything. And some guy made half a million dollars shorting it. But I'm not really familiar with that term.
Savvy traders can make money whether the price rises or falls. Shorting can be a very dangerous game. I believe Warren Buffet never shorts since he is a long term value investor. Trying to time the market is a fool's game unless you have reliable inside information. |
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Facebook share rice fell -24% and $180 billion got wiped out of facebook market value. Bitcoin market capitalization is some $180 billion
24% drop is nothing in the crypto world . Imagine facebook shares dropping to 1/3 the price of it's all time high. There would be mass panic and people would declare Facebook a dying company. $180 billion market capitalization is a drop in the bucket in the global economy. Looking at the total fiat monetary supply and precious metals marketcap bitcoin still has a lot of room to grow. |
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Ok guys, let move on and not discuss about Melo anymore.  . I'm really interested to see what's the reason behind Paul George opting to stay with OKC despite their poor showing last season. OKC have every reason to suspect that Paul will leave because he wanted to play close to home, with the Los Angeles Lakers. However, it looks like Russ has played a major part and it seems those two are pretty close more than we initially thought. And for me that is the reason why he stayed with OKC, those two are building up some chemistry it and out of the court. I'm starting to realize that many professional athletes don't care about winning. They will usually decide to stay with a team because of their family,friendships, the location , or some other reason. They are getting paid millions to play a sport I doubt they are stressing about whether or not their team will win some trophy. Of course not all players are like this, some legends really want to build a legacy. |
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..........The only way this can happen is if the United States experiences some serious hyperinflation similar to Zimbabwe. The highest realistic price I would predict for bitcoin is 100k-500k and I'm talking at least 3-5 years in the future. I do think bitcoin's marketcap will eventually be in the trillions but it can only grow so much.
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There was a lot of skeptics calling bitcoin a Ponzi because of Satoshi's mined coins. I think most of those critics died down after the first few years. It's estimated that Satoshi has roughly 1 million bitcoins, which is a fortune of about 8 billion dollars. I trust him because it's not just about the money with Satoshi. He could of cashed out a long time ago but his own monetary gain wasn't the reason bitcoin was created.
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I haven't kept track of my wins and losses in total but I'm probably in the negative column. All the fun I had was worth it anyways so i'm not depressed about it or anything. The tougher thing to face is the fact you've spent or gambled bitcoins away when the price was under $1k. A lot of people are still upset bitcoin has fallen so much from the 20k high, but the current price of $8k is extremely high compared to a few years ago.
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Venezuela's inflation rate is high, and the country's legal currency has no value at all, so new currency circulation is needed. Although BTC is not the first choice, it is also a good choice.
It's gotten so bad that many Venezuelans have resorted to playing video games such as Runescape to farm gold and sell it on the black market. Your economy is truly screwed if citizens can make more money farming gold on an online job than working in their own country. |
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Just don't keep a large amount on small exchanges and you should be fine. I've seen countless exchanges exit scam and claim to be hacked before. It's one of the cardinal rules in crypto, you don't own your coins unless you own the private keys.
I haven't used this exchange myself but it's nearly impossible to keep track of all the new exchanges that are constantly popping up.
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