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Looking at the trend bitcoin took for the last few months, i think 6K seems to be a stable price.
As we see bitcoin normalized at this level, moving steady, not growing so much more yet not plunging any further too. And if you ask me, 6K does not sound so bad compared to the previous years. I think i will be happy to have a steady 6K rather than an erratic price movement that explodes and implodes as it wishes. Shooting to moon is of course a welcome event anytime, yet, to realize that 6K can bring good fortune already should we decide to thread the market more carefully, investing a bit for a long term and day trading some to profit enough and sustain our needs till the bull starts running!
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I think these news would have been all slaves, as they would have earned very well. Bitcoin is completely decentralized. Bitcoin in a decentralized manner is not interesting for governments and their friendly businessmen, but Blockchain technology. Becoming a mainstream is not an easy task, you need cooperation with the media, major investors, corporations, governments, the mafia. Bitcoin is a completely independent coin, which causes anger in many people.
Yes, only few people can manipulate it and this is the reason why so many hate it, but also many are now into bitcoin now and this is good as it will start to increase bitcoin price. Call me old fashioned but my values dictate that i would really love to get rid of the manipulation conspiracy within the market. But anyways, let's leave that topic for another thread. I am just glad that you realized that people's interest will be the driving factor of price increase rather than the usual limited supply (thus, the call to hodl became so popular). But i do believe that utilization will help more to valuate bitcoin rather than making the supply less. Thus, i am with many out there who are wishing for massive global adoption to take place the soonest possible. Bitcoin going mainstream would simply mean increased demand, better value and good flow of that finite supply. |
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I assume the market's controlled and manipulated indirectly by crypto millionaires and billionaires. They arevconstantly pumping and dumping. That is the name of the game. Some of these people are also involved in the mining process which is a huge business in itself.
Rich people will have a big effect for everyone if they will sell their Bitcoin with a very large amount then the price will experience a drastic change. There's a clear dilemma here actually. I do agree that the rich holds majority of the bitcoins in circulation, but what profit can they gain if they sell their large of an amount of bitcoin at a low price just to prove they control the market. I doubt that none of them would love to that. You see, they may be able to dump easily, but they hold no absolute means to buy it back at a lower price than they sold. It would be ridiculous of them to expect they can buyback the bitcoin at a more profitable value. They may be able to contribute in lowering the price of bitcoin, but i doubt that they alone can control the valuation of it. |
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Truly, a good marketing campaign can leave a good impression for bitcoin utilization, if we only talk about using it as a payment system.
Surely people will appreciate how much easy it is to use bitcoin, and for that, we have the brave exchanges to thank for. A lot of exchanges out there are bettering themselves in terms of services being offered. Such hubs made paying for utility bills, topping up prepaid loads, sending money, etc. quite easy. And the person need not setup a separate bitcoin wallet for that. They simply sign up and supported wallets are created as well (BTC, ETH, and the likes).
Perhaps the only thing that could hold back the general public regarding bitcoin is when people promote it as an investing instrument. Then the negative impression regarding price volatility, scams, etc becomes the center topic.
But a good marketing campaign can indeed give bitcoin an edge as a new system of payment and digital cash.
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It's great that politicians have an investment in cryptocurrency, because it can be a great help in the development of this technology, as these people have a personal interest in it.
Yeah it can be great though somehow we never know if the money was came from their own pocket or from ours. Looking deeply, politicians can hide their money through investing in crypto currently since it's anonymous and of course they won't tell it publicly unless they're some sort of endorcer. I strongly believe that politicians have their rights to utilize bitcoin as an investment asset, but the manner they fund it will be of an importance. If the fund comes from the people then that is entirely a different story. Unfortunately, as bitcoin remains unregulated by many governments, asking a public official to state transparently any bitcoin engagement is far fetched. There will be no law that can impose such rules against any politician for them to declare any bitcoin asset. In this regard, these politicians are taking advantage of bitcoin's current rift with many governments and that is really sneaky, it is their right, yet really really sneaky. |
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The number of businesses in a city accepting cryptocurrency isn't what makes it the top 10
The number of users is, by far, more important and show the real picture of the city. If a city has 100 businesses accepting cryptocurrency but nobody is using it then it's worthless. You can have 100 businesses accepting crypto but if only 0.001% of the transactions are paid in crypto then it shows nothing (especially considering most of them are small or very small merchands)
You have a good point there and a valid one too. It is noteworthy to mention that the number of users should dictate the listing. Although, a good number of businesses accepting cryptocurrency would be a good indicator of how strong the crypto activites are in the said city. Take for example some asian countries that have a good population of crypto enthusiasts. They are active users, yet, most of the transactions they make are overseas since very few caters they need locally. Thus, it is somehow reasonable to base the top list according to the number of business entities, yet it would be more fitting to give it a title of Top Crypto Haven Cities in the World where one can transact with more ease. |
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Bank transfer usually takes 3-5 business days just to complete the transaction while in Bitcoin it takes just a couple of minutes hours or day to do so. Moreover the cost of bank or wire transfer is more expensive compare to Bitcoin which is more beneficial to people.
The usual 3 to 5 banking days for transfers/deposits has long been addressed by a number of banks. Majority of banks on an international level is already in cooperation with one another and had speed up banking process. On a local basis, bank to bank transfers are nearly instant and there are no fees involved if banking under the same institution. While international transfers can take an hour to eight depending on the time zones and would usually entail a reasonable banking transaction fee (though bitcoin transfers are definitely less, converting it to fiat incurs additional fees too). Perhaps the best attribute of bitcoin that supersedes that of the traditional banking is being permission-less. When banking requires to scrutinize your personal details and at times even source of income and capacity to bank, bitcoin does not allowing anyone to get a wallet and transact. |
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I think every job requires our dedication but not to the extent on missing out on life's milestones. Your worry over your investments and looking after them as rigid as possible is quite remarkable, but do not forget that life is meant to be lived.
Cryptocurrency was created to make things (and life of course) to be a bit more simpler, in fact most of the digital advancement made by man was supposed to do that. And if cryptocurrency is making you a prisoner of your digital realm, i suggest you find a way to break free as early as possible.
Find a healthy balance between your bread & butter and real life surroundings. And as the old adage goes, take time to smell the flowers ... while you can.
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You see, bitcoin is pretty much like magic if to be discussed, i may be able to show you how the trick is done and explain it well and clear, but magic was not meant to be explained really. It was meant to be performed. And two magicians might have different approach to a particular magic set, so your confusion trying to understand the trick might just get you more and more confused.
Thus, given a chance to introduce bitcoin in a manner i preffer? I'll bring the guys over a restaurant that accepts bitcoin. Have them order a coffee, tea or even a beer as they like and throw in some nice pasta and a few slices of pizza, talk about sports, family, movies and perhaps some memes too. Then pay for everything on the bill using my bitcoin wallet. And yes, i'm sure the guys will be wondering what the heck is bitcoin? Why i was able to pay the bill using it? And why in the holy cow would the restaurant accept a digital currency that is fraudulent in the eyes of the government and is said to be so volatile in the eyes of financial experts?
Oh yeah, that would be a great intro for sure.
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I'd say there is nothing else to do at this moment but to charge it to experience. Sad story to read really, but the first sight of him throwing anything he can sell just to get into the crypto market was already a mistake. It was unwise so to say.
Remember that smart investment are those that did came from savings. Selling valuable assets to turn it into another investment is unwise unless we can afford to lose them. Cryptomarket is a tricky playground, what may seem to be an easy ride could be one hell of a roller coaster experience.
So as with many of you, i too would say, never be deceived easily. Invest only what you can and stay away from greed. Earning enough should always be a standard.
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I think not only 10 reasons but instead there are thousands of reasons that why one should invest in bitcoin , first of all we all know that bitcoin is a volatile crypto currency so one need not to be tensed or worried if the valuation is low as definitely the time will come when the valuation will inflate and you will get your profit then the transaction of bitcoin is very safe and confidential and investor can feel safe while investing in bitcoin and there are many more reasons to convince any one to invest into bitcoin. I do believe that there are more than 10 reasons to buy bitcoin at this stage, but i doubt i could come up with a thousand. And yes, i do agree with you regarding the dreaded volatility of bitcoin. When others find it off to be investing or trusting a volatile asset, experts agree that volatility has its good side. Removing volatility may decrease chances of failure but at the same time, it also decreases the chances of success in a much greater scale. Thus, it is indeed a wise of a move to be banking on bitcoin's volatile price as long as you are investing what you can afford to lose. |
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Social awareness would be great since this is the age of modern social media and everyone has social account it would be easier to spread good news about crypto currency. Social media is the new platform for spreading the news hence main media like newspapers and tv stations are biased about bitcoin, putting negativity to there viewers. So it's best to use social media influence to attract and educate people about crypto.
Yes indeed, social media has been an active avenue (and mostly, easily trusted by its audience) for awareness campaign, and we can take our crypto rally there. Although, i disagree to a certain level that we broadcast only good news regarding cryptocurrency and the revolutionary battle cry it is staging. Rather, we should be rallying for the truth regarding cryptocurrency. With no hidden agenda, i believe that acceptance of cryptocurrency for others would be an easier take. Let it be known that cryptocurrency posses risks too, just like any other financial tools out there, whether they deem crypto to be a system of payment, a trading tool or an investing isntrument. Exposing the truth in terms of strength and weakness will help all of us understand more what we are engaging with. So let the use of social media to promote crypto awareness be fair and just. |
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Honestly speaking, bitcoin is the leading in the crypto-world and I don't ever thought others coins will overcome bitcoin in the future.
Yes sir! Bitcoin is King and will always be the King of cryptocurrencies no matter if it scales or not. All the altcoins I know of, depend heavily on Bitcoin's price movements, so if Bitcoin can't scale, then other altcoins wouldn't be able to successfully scale to a large mass either. There have been many altcoins which claimed to be superior than Bitcoin in terms of transactions per second, but none have been battle tested as Bitcoin. What I think is that if Bitcoin scales successfully, then other altcoins would do the same. Bitcoin is like experimental grounds for most cryptocurrencies we know and love today, which explains why all the eyes are still in the original cryptocurrency for quite some time. But, if Bitcoin never scales then it's fine, because we would be able to continue using Bitcoin as a store of value with unmatched security and reliability unlike any other blockchain in existence. Therefore, scaling Bitcoin is only optional with the goal of making it useful as digital cash. It could continue to operate as intended without scaling but remaining as a store of value for the masses.  Scaling is really compulsory and not optional if we are to talk about massive global adoption. In fact, some are asking if the world is ready for bitcoin, but the more profound question is quite the opposite, is bitcoin ready for the world? And as of now, there is this constraint of scalability and it is not negligible. Bitcoin had to to scale should it want more market activities and bitcoin knows exactly that. That is why we have witnessed a number of forks that took place in the past. This forks either soft or hard are proof that bitcoin will not stand still in the issue of scalability and that is good news for all of us. |
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we all certainly agree with your phrase that says the bitcoin market is down, but we also have to continue to believe that the price of bitcoin will definitely rise again. bitcoin market may go down, but our enthusiasm and trust in bitcoin should not come down, this year is our test of bitcoin, can we survive and be patient waiting for the increase in bitcoin prices, or instead we give up and are willing to lose to avoid the risk of greater losses. I hope that we are able to survive and be patient to wait for the rise in bitcoin prices, because I am sure that the price increase will come soon.
For me, i'd really rather see bitcoin stabilize in both market price and activity. I'm not so into seeing bitcoin break its all time high again, it would be nice of course, but i hate disappointments, thus, i stay away from that thought. All i want is to see an end to the dips and witness bitcoin gradually pick up its strength, does not matter if little by little, as long as it gains value, i'm fine with that. This thinking helps me decide more effectively which course to take, choosing the side of reality does help to avoid impulsive investing that could cause financial troubles. |
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Anonymity is the essential purpose of bitcoin and so does the creator of it. If he reveal himself that would put him more pressure particularly during this bitcoin crisis of deeper price decline many investors would him into blame as he could not make any action on how to make the bitcoin price more higher. Many greedy investors would hunt him down not just the government, they will hunt him not to arrest him but to make some bitcoin code distortion that would favor the interest of the government and other greedy investors and whales.
Part of my view is the same as yours. Pseudonymity has been an inherent part of crypto, thus, the creator set a good example in this respect. To prove that our real world identity is really not necessary to operate bitcoin, he drove the nail home with perfect conviction. And everyone else can follow suit as it is proven to be effective. |
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If you make the right decisions and you will be lucky, the crypto market really opens up wide opportunities for obtaining new useful knowledge and money. But we must remember that there are significant risks here, so you need to be cautious and not greedy.
Truly, cryptocurrency is a market of chance as of now. With its innate volatility, making the right decisions seldom comes in the right time. It more of a miss than a hit since the movement of the market could prove to be either too stale or dramatically erratic. Up until now, there are no sure ways nor fool proof strategies to guarantee a person big profits, sure there are tested means and ways to earn, but never riches. Luck will play a vital role as of the moment specially with scam coins and exchanges around. And your advise to be cautious is always a practical one that is easy to adhere to as long as we don't tend to be irrationally greedy. |
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... just show them the good side of bitcoin and how it helps everyone and let them decide if they will patronize it or not.
I think it would be best to show them all sides, both good and bad. Just as with people, bitcoin does have its good and bad side, kinda like an ebony and ivory. And don't worry, the not so good side of bitcoin is not so bad not to expose, when it comes to cryptocurrency, bitcoin remained the leader of the pack as it grows a stable name in the world market. Truth to be told, the risks that one entails when engaging in bitcoin should be well understood, otherwise, bitcoin might hurt more than help. And trust me, bitcoin is no cheap investment, it can cost you an arm and a leg. And trying to show people what could go wrong is essential for them to take necessary precautions. |
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There really lies a lot of theories about Satoshin Nakamoto, and yes, revealing his true identity have their benefits from giving him proper acknowledgement to making his creation better in form and function.
Yet, in my own belief, his true identity unexposed was something that brought good more than damage. Being unknown, the world embraced bitcoin as it is. Because of his non-existence, we had no choice but to try its feature along with the flaws and we we're okay with it. Imagine if Satoshi Nakamoto is around till date, the world might simply be throwing him lots of comments and suggestions and complaints instead of actually utilizing the bitcoin.
His silence proved to be a good thing really. But i my self would really love to see the day when Satoshi Nakamoto is finally unmasked.
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Come to think of it, what we have in the public ledgers of bitcoin are merely addresses of the sender and recipient and the amount involved in the transaction. Besides that, you got nothing else. The process is pseudonymous already. It might not be so anonymous as you hope for it to be, but i think that is a good system already.
I believe the transparency of the addresses and amount is the variable that survived the honesty of the blockchain. Take that away and conceal each transactions then we're back to square one regarding being trust-less.
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I'm really impressed with all you guys sharing means to earn in bitcoin land. This is among the strength of the community really.
And this entails a great big of a deal as a promotion. With active participation, it creates a stream of awareness for the participants and the audience themselves. And really, this is good way for mass adoption and needless to say, it adds market activity for the bitcoin economy.
Most of you had mentioned already freelancing of btc projects, bounty pools participation and trading. From nearly no money involved to a bit of capitalization, all theses are good means to generate btc income. So, best of luck. Hope you stumble upon some good earnings along the way.
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