Well, I think economy without physical money safe for the poorest, plus it will have many pluses, every transaction will be public, so now even street beggar what will use QR-code, will pay taxes. OF course, no one will rob a bank, there will be hackers who will find ways how to hack it, plus popularization of carding all this can make a negative effort on the economy.
I think its not, because today's world situation that every society in different corners of the world have different status and understanding in life, most have no access of internet and others doesn't have the opportunity to handle computer because of lack of knowledge or generally that is the poor people that are living in a simple way of living, so how can they will survive if they have no more access to monetary transaction? then as for me without physical money of this generation is not safe for the poorest. Well, even if economy will leave from physical money, I think the government will run some education programs to teach people how to use "virtual money" and some lessons about how to save yourself from being scammed and not lose your "virtual money", people don't need computers or internet connection, I think, on street will machines connected to the internet, that will let people transfer their "virtual money" via them and check balance. Other information or functions they will able to get in local Bank. |
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I don't see, why the stability of bitcoin is important, because, in this way, it will kill any sense of 'holding" because it won't make any profit for holders and I think, no need explaining, why "holding" is important. But from another side, I think, more important is stable growth bitcoin price, in this way everyone will be happy, holders, miners, and alt-holders.
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Nowadays many people are starting to invest money on bitcoin or the buy bitcoin..is this a good approach?
How this will influence us in future?
This is great because more and more users to invest, the bitcoin bitcoin will be more powerful and of course very good for bitcoin in the future, there will be at least a daily basis and that bitcoin transaction will not die I agree with your comment, since it was year ago and everyone can see now, that most of the users who were advising to invest in bitcoin and were predicting that it will up in future - were right, since, after all that advertise campaigns, many of people started investing in bitcoin and in mining and in that way boosted bitcoin price in less than 3 months, from 2500$ to 19,500$+ |
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Aside from bitcoin what do you think is one of the best alternative investments in the economy today?
I think the alternative investment of some now us real state and if you ask in cryptocurrecy altcoin is another alternative investment. But always remember everything have a risk in investment to always careful and study it first before you invest. I agree with your point of view, after bitcoin, right now I see potential in investing in different cryptocurrencies for holding or daily trading with makes also not a bad profit, around (0.5% - 15% daily) and from holding it can even make 1000% / year or more. ICOs also have potential, even if most of them scams, with good research you probably will make a good profit from investing in it. |
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Well, I think economy without physical money safe for the poorest, plus it will have many pluses, every transaction will be public, so now even street beggar what will use QR-code, will pay taxes. OF course, no one will rob a bank, there will be hackers who will find ways how to hack it, plus popularization of carding all this can make a negative effort on the economy.
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I think yes, because price now is quite low ~8000$, and since most of the people still not lost interest in bitcoin and cryptocurrencies, even in my country, people still investing in mining equipment, plus most of them still holding, so I think here big chance that bitcoin will up back to 19,000$ until end of this year, which will make you ~100% profit.
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If you talking about bitcoin price, what raised a lot in the end of 2017, then there nothing weird, as I was writing in other topics, that's all happened because of big amount of advertising campaigns, as you remember, they were everywhere tv, social networks even at radio. And of course, they financed by people, who bought bitcoins while they were 600 - 900$, so, in the end, they made from x10 to x30.
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Oh wow, old topic, myself I see sense in bitcoin bank only for safe holding there some of my coins, also will be cool if such "bank" would have deposit offer, with such unstable bitcoin price, % per year will be quite interesting. Another problem, that it will kill one of Bitcoin pluses - anonymity.
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Well, it's April 2018 but still, any of "Big Crashes" what most of the users predict haven't come yet. But, in something this user who wrote his post in 2016 was right - about bitcoin price bitcoin really hit 10,000$ and even more, plus as he also predict that "bitcoin will be banned in all western countries" it's not happened yet, but bitcoin already banned in some countries.
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Well, I like your option #4 about fund a project and create own cryptocurrency, since you have enough money to hire dev team and there a lot of good ideas around for a new project (if you haven't own), and you have enough to start own advertise campaign it will easily to promote your project. And if it will be success project, you will make way more money, than from your other options.
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I'm newbie in this sphere and I want to earn crypto the best way possible. I think that waiting for the earning from bounty and airdrops has no reason and ICO developers get the most of money. I've heard a lot about MyWish and its offer for non-tech ppl to create ICO but I'm afraid that I won't can do it, what do you think? So, if I understand your post right, your main reason, why you want to create ICO - just to make "easy money" since earnings from bounty and airdrops not enough for you? To be honest, I think, that you shouldn't run any ICO, as you might just steal investors money. You should start from project and think how it will help the community and ICO - just tool to boost your project, but not the way to make easy money. |
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So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
I don't really get what you meant, so you put 100$ while the price was 10,400$ and you bought (~0.0096 BTC ), then sold your bitcoins for the same price (10,400$) and got your money back? But as every exchanger have own commission, usually around (0.1%) so you lost around 0.2% or 100$*0.002=0.2$. So, your total profit is -0.2$ |
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Well, I agreed with your view about ICO and situation around them, I myself had problems because of "whales", I invested some money and waited around 4 - 5 months till this coin will be listed at least somewhere, but when it happened I wasn't able to sell them (had personal problems) and after just two weeks, when I decided to sell them, price already down to ICO price, maybe even lower.
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Retailers are not dumb if a lot of their clients began asking them about accepting bitcoin they will do it in a heartbeat but since the user base of bitcoin is small and it is dispersed there is not much incentive to accept bitcoin payments at this moment, but that will change in the next years.
I agreed with your view, even in my country, if ask how many people know about bitcoin and cryptocurrencies, everyone will say more than 50%, but then another question how many people using bitcoins or would like to spend them instead of "holding", and I think answer in more than obvious - less than 1%. So, I don't see any sense right now for retailers to accept bitcoin. |
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Yes, I think it's possible because as I already wrote in other topics on bitcoin price affect two things: high demand and popularization of bitcoin. I think everyone remembers, when in 2017 after the huge adverse campaign, everyone started investing in bitcoin and mining or trying to integrate bitcoin with their business and bitcoin's price up on 1500%+.
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Because bitcoin will give us a lots of profit and sure bitcoin have good future for us.
so many people be come success because of bitcoin. and i'm beleived with bitcoin thats why I choose bitcoin.
For me profit is not everything. I choose to invest in bitcoin partly because of the profitability of one part because I like blockchain technology a great technology. That's why I invested in bitcoin So, if you choose bitcoin because of, as you say, you like blockchain technology, then why you not invested in other altcoins as most of them also use blockchain technology. And if talk about profitability with such price, bitcoin might make you 30-100% max in year, and most of alt coins what have more pluses than bitcoin can probably make you 100 - 1000%. |
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The government's reasons for banning bitcoin are that bitcoin may disrupt the country's economic stability, bitcoin can be detrimental to the state because the government can not benefit from the taxation of a bitcoin transaction, anonymous applied by blockchain technology can be indicative of money laundering
Yes, I agreed that bitcoin transactions are hard to track because of anonymous applied by blockchain, but I think there a lot of more effective ways for money laundering than bitcoin and other cryptocurrencies. I think the main reason, why Bitcoin is banned by the government is because government is not found any way of how to regulate it or levy taxes. |
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I'm never following panic selling, and even when everyone starting selling and I see the price drop at 20 -30 percents in like hour or two, it's just giving me another signal to start buying, of course before doing it, I'm trying check news about this coin, because panic selling sometimes have sense. And you should understand when it's based on something and, when it's not.
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Well, In my country there no good or bad news, just neutral situation, the government still not found a way how to regulate cryptocurrencies. Well, the tendency to buying / investing in bitcoin or alts is down, compared with November - December 2017. People continue mining because it's still profitable even with such bitcoin price.
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Don't really get, what you tried to say by this message, but well, I like cryptocurrencies, because of technology on what most of them based - "blockchain". And also, that no one can't control or effect somehow on my transfers. About ICOs not every ico would make you rich, plus there a lot of ICO what claim to be "success", but in fact, they just scam their investors.
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