Bitcoin and cryptocurrency in general will only advance if people actually use it for more than speculation.
In the past we've seen lots of retailers enabling bitcoin and other cryptocurrencies in their checkouts, and then been disappointed that hardly anyone has used the function. And we have had some orgs like Steam disabling bitcoin and giving up on it.
So how many people on here have actually used cryptocurrency in real life?
Anyone else want to share their experiences?
Likewise, I have never used bitcoin and never held it to use it for payment. I only hold bitcoins for money and for money, and besides, there is no reason at all. but actually we can pay with bitcoin in our familiar crypto community. For example, my family has a television and I want to pay for it with 0.5 bitcoin, I post it on facebook and in the crypto community, there will definitely be people buying it. I have tried and I only see bitcoin capable of internal transactions, in addition, there is no store want to hold bitcoin. When a store accept bitcoin as a mode of payment for their items then it means that they will automatically convert it into fiat once they received it because they want to make sure that they will get the exact value of bitcoin in terms of fiat and they do not want to lose some of their profit because of the volatility. That is the truth behind accepting bitcoin as a mode of payment and also the reason why most of the stores don't prefer bitcoin as a mode of payment because of its volatility. |
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To be honest, this is not the best place to ask some questions that are related to stock because we are dealing with cryptocurrency here and I know that most of the suggestion that you would get here is just from the hype without a proper research or even reasoning. If you are a new investor in the stock market, stick to index funds first.
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After one year I have observed that Bitcoin price is almost 2x plus but other altcoins 2x or 3x minus now because of everyone interest in Bitcoin and not in other altcoins even top ten altcoins also not performing well and day by day growing down due to this scenario we should sell the holding that altcoins have not potential and buy Bitcoin.
It is best to sell altcoin to bitcoin and also this is I experience having altcoin and waiting for increase. Better to have bitcoin which could gives profit in our portfolio. That's true even in top market this cannot guarantee of continues price in the market. So I'd rather invest in bitcoin which is profitable. If you have an altcoin and you are not making money then it means that you are doing it wrong. You can make a lot of money in altcoins and it is also faster to make a profit through altcoin compare to bitcoin because there is a lot of variations of altcoin in the market compare to bitcoin which is only one. |
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Qatar would be like other countries who banned cryptocurrency but after a few months or a few years, they lift up the ban and regulate and accept it as a payment gateway and also a technology that they will be using as an upgrade to their current system. It is normal to see countries banning cryptocurrency but we all know that at the end, cryptocurrency will win in this game and it will have a massive adaption.
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Most people will invest in anything when they hear something that can make money, they wouldnt bother how the system works. Greediness is the reason why people invest even if they don't know what is it about.
Certainly, a lot of us here did that as newcomers in this industry, buying into coins and tokens we didn't even know what they were all about. However, the truth remains that even knowing what one is investing on doesn't also guarantee success of profitability. Business generally is a risk, a huge risk if I must be blunt. It is a high risk type of investment or business if you are not educated enough to go through it. Uneducated person will highly make greedy decision or without any calculation. Investing into any asset should go through a proper process which you should do a research about the asset to check if it is legit or not. After you check its authenticity, you should calculate if the potential return is worthy to grab. |
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For you to become successful in day trading, you must be well equipped with a proper information about it because it is kinda hard to pull of. The income in day trading is huge because you are earning money every single day if your prediction is correct. Sometimes it is risky that is why I do not want it. Unlike long term holding, all you need to do is to buy low and sell high.
Day trading and long term trading do the same thing which is buying low and selling high. They only differs from the difficulty of making money. Yes, both them are profitable but day trading is not for the newbies or even traders who have limited experience because it is so risky and you need a lot of experiences and knowledge so you will be able to compete with tough and expert traders when it comes to day trading. |
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A lot of people think that bitcoin is the heart of the cryptocurrency but they didn't realize that blockchain is the true useful part of the cryptocurrency. I agree that bitcoin might be over but the technology from bitcoin and other cryptocurrencies will continue to exist in this world because the huge companies and the other big organizations will surely utilize it.
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Cryptocurrency has entered our lives now. This is very difficult to change. All internet must be disconnected for Bitcoin to disappear. What's the purpose of Bitcoin? It is the transfer of value from one place to another. He already does that. I don't think it's gonna disappear.
That is what bitcoin supposed to do but right now, it is now more into being an asset rather than a tool to transfer money from one person to another. There is already a lot of cryptocurrencies existing in the market and I believed that we should not just focused on bitcoin because there are also altcoins that can do better than what bitcoin offers. |
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It is impossible for bitcoin to be created by the government because it is against to their law. If the government will ever be creating a cryptocurrency then it would not be a decentralized type of currency because they will not be able to control it or even monitor the flow of its transaction. Bitcoin is created by a person who is sick to the centralization of the monetary system and he is called satoshi nakamoto.
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Stupidity is not close to poverty because poverty only exists because people are not fortunate enough to experience the education and also the other needs for a person to prosper or thrive in life. Stupidity is an option for every people and we all know that there are a lot of genius or intelligent people who are still under the poverty.
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This is hard especially for those country that don't have enough knowledge about technology especially in mobile phone use. I think there's many need to be done to be cashless world like all people have own smart phones, personal computer and als stable internet. Many needs to develop and we will having a hard time to make this happen.
It is not the country but its people. Just imagine if it was implemented that quickly and there are a lot of people who don't even know how to use it will be swindled by a lot of people. With that kind of payment system or monetary system, people who have no knowledge of it will be at loss. Another thing is that people having their own mobile phones, what more of their own PC, will be a problem since not all of the people can afford them. It is still the country that needs to do a lot of work to make this transformation into a reality. It is not the people because they can learn how to cope up with this transformation once it is happening. The government can launch different programs like seminars to educate the people about the cashless system of the society. |
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This is a good strategy to invest in multiple altcoins because it is a form of diversification but you should remember that you should not invest into an altcoin without doing a decent research and evaluation. There is a lot of new altcoins in the market and most of them do not have any potential at all because you can see that they are just in the game because of the profit.
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I expect bitcoin to return to $20k for the first time since 2017 and expect to see great number of adoption immediately and also see the alts coins progressing immediately.
I think that the price will exceed that $20k target that you said because the people right now are so hyped up because of the upcoming halving event in the next few months and it creates another train for the FOMO or Fear Of Missing Out and that is why the price of bitcoin is now rushing to move up and sooner than later, we will see new all time highs. |
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Please be very clear that even if every country or institute launch its own coin the uniqueness and market for real crypto that is for btc, eth etc will stay and grow further, these govt coins will infact help adoption and the impact will be huge for the real crypto market in my opinion.
Yes, there will be an impact to the original cryptocurrencies in the market. If the government or the banks issue their own type of cryptocurrency, mostly stable coins then it will make the majority of its citizen that the cryptocurrencies are a good choice in general and that is how the demand for the original cryptocurrency will grow. |
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I don't think that youtube will launch their own cryptocurrency because it is completely unnecessary for them. They are already established and there is already a lot of cash flowing into their bank account so creating their own cryptocurrency will not help them and it will only make their system complicated because they need to do a lot of adjustments if they will be goin' into crypto.
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Most of the cryptocurrency youtubers are just there for the power of influence because if they got the audience then they can easily shill the coin that they have invested in. You can trust them but you should also verify all the things that they are saying or should I say selling to you so you can make sure that everything is legit and at the end, you should have the capability to do the judgement and decision by yourself and not by depending to them.
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If the situation from Iran and US escalate more then it means that people will panic and they will think for a store of value for their currency and they will buy more bitcoin. Bitcoin price might go up even more because of the situation in Iran and I believed that just because of the conflict between of Iran and US made the price to go up more than $8k.
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You should do research about the market before you buy bitcoin. A project that has gained much value will lose value after a while. However, it is very difficult to predict when the correction will take place. You need to think about the possibility of a fall. Invest accordingly.
What kind of research you advise? Half says that Bitcoin is going over $100k, other half say we are going back to 1000$, whom to believe? Bitcoin price possibilities are endless, it can go high, it can drop low, what research we can do? Many times we had good news but price dropped, while we had bad news we had the price increase, there isn't a way to predict accurately where the price is heading, for me that is pure luck if you make a good trade. Those two predictions are too extreme, bitcoin is never going to reach 1000 dollars again so forget about it, and bitcoin is going to have a lot of trouble reaching 100k just look at bitcoin right now and the problems is having just to go above 10000, finally trading is not a matter of luck if you think that then you do not have the necessary knowledge to trade the markets and for what you say it seems you are using fundamental analysis and while I believe it is pointless in this market you are still using it in the wrong way because fundamental analysis can tell you what will happen but not when. Trading is zero sum game where we just getting money from each other. Trading is a market place of the intelligent mind, those have weak knowledge are the one who keep losing in the market. There are traders who have balance with 3 types of analysis and it is the fundamentals, technicals and sentiment analysis. Those who balance those 3 have upper hand in the market because they fully understand what's going on. In my opinion, even though you stick with technical analysis, you will still be on the upper hand of the market. Technical analysis can tell you a lot of information that you might need to create a decision if you are going to be bullish or bearish. The other two analysis that you have said are not reliable because they can be manipulated by the majority. |
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Needless to say disaster scenarios for bitcoin. Because bitcoin has already suffered a disaster. What a disaster. The price has fallen very high down. But surprised. Bitcoin stood up again. 7000 dollars is a very good price.
for 7K it is including a good category after a terrible fall violently in recent years, but right now Bitcoin is trying to get back up because some people say Bitcoin will die but I don't believe it about that. Bitcoin is still not over yet because we will soon see the heyday of Bitcoin will repeating again in year 2020. right now Bitcoin is almost to reach 8K and that's good enough. bitcoin is becoming a new investment lat where many call it digital gold. since the first bitcoin was launched has had an extraordinary development until now, therefore even though in a bearish atmosphere, the truth is that bitcoin is still better than the first time There is no way to doubt that. Bitcoin is indeed far way better than the first time that it came from the internet. The price has gone up way too high and there is a lot of development within the cryptocurrency market and we have a lot of alternative cryptocurrencies such as ethereum. Bitcoin is now popular and it is still continue to give opportunity for every investors and traders. |
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I don't think such in a way, you know the Banking system has been established since the civilization starts, so it's not a simple thing what you are thinking about, but it's true that people are getting bored such type of conventional monetary system, it's also implied that people are losing interest on the banking system but it's also very real issue that they don't have any alternative system, don't think the Blockchain would replace the banking system, I think in the coming days, Bank will use the blockchain system for its own development.
That is what is happening to the banks right now. They are now studying and learning on how to use the blockchain technology to their current system. They are now taking actions because they do not want to lose their customers because there is a lot of alternatives to banking which is cryptocurrency because some cryptocurrencies can transfer a huge amount of money in just a few minutes which the banks cannot do because they will question you for a huge amount of money because of their centralization system. |
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