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Better to have job than nothing at all espcially if that job is high-paying. Bitcoin is a risky investment and if you have no skills in dealing with it, you might end up living i the street.
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That crash will never happen unless all bitcoin users withdraw their support for bitcoin or people have decided not to buy bitcoin anymore. As of now the demand for bitcoin is rising. Government will be able to regulate or ban the bitcoin but it will not bring down the price of the bitcoin to a huge drop.
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Fiat or paper money is the lifeline of all kinds of transactions around the world and it is well-controlled by the central bank of every government. Digital currency that uses blockchain, which is decentralized will not be accepted by any government because it can't able to conrol. Paper money will not be easily replace digitally unless it is centralized.
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If you know how to use the technical and fundamental analysis, you can get a hint on the next price movement. The candlestick chart is also useful in analyzing the price of any altcoin. But it might become useless if the pump and dump in some altcoins is controlled or dictated by some influential groups like the whales.
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Some coins that are seen or predicted to grow continiously in the next few years can be good for long term investment. If you are not ready for daytrading, then you opt for hodling instead which give you room to breath while waiting for your coin to grow. Daytrading requires skills and stamina to stay on top while watching the movements in the chart.
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I believe everyone is aware of Ethereum and it's unbelievable pump which we witnessed in mid of June this year and all i am wondering is will Ethereum be the contender for the most reliable crypto currency ? is Ethereum the next big thing ?
It will take time before Ethereum become the next big thing. The price appreciation of ethereum is still slow and it need a booster to speed it up. But I also believe has a big room for price rise in the future because of its unique feature. |
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The only way to effectively ban the bitcoin is to ban the internet itself. Some governments like China have been trying to ban or regulate cryptocurrencies but to no avail. Powerful governments in the future might try to control or suppress the use of bitcoin by using technologies that used to create bitcoin like blockchain technology.
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If you are good and always online, always post, read, long patient and you join a campaign so you can make more money so you can buy a car if you have that.
But i do not think there are car dealer accepting bitcoin as mode of payment even bitcoin is already legal in one country it always depend on the owner or a dealer if they will be adopt block chain in their business. Yes having multiple source of bitcoin will gives you good profit and the idea of buyong car is good as one of your assets provide by bitcoin the best thing for now is to exchange your bitcoin to fiat before purchasing your new car. I would say, buying car with bitcoin is rare to find. Only countries does legalized bitcoin and implemented as there mode of payments. Having a bitcoin as much as many bitcoin could buy a car what you want but since it is hard to find a store, much better to convert it to fiats to the desired amount of car what you want. Also, the wish you want to buy a car using bitcoin will implemented , many stores will follow and makes everyone happy to become comfortable and easier transaction mode of payment. Already some stores especially the online ones are accepting bitcoins as a mode of payments but they only sell products like some appliances and several kinds of gadgets. Bitcoin payment for cars or any vehicles are still not available unless you convert it to fiat to be able buy your dream car. Try to find any bank in your locality that accepts payment for car. |
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A cryptocurrency like bitcoin can be use to any kind of online transactions if the holder need to sell it. When bitcoin price is high maybe after several all-time highs, people has the tendency to sell it to make profit. The of incoming crash might also cause them to sell or convert bitcoin to another currency.
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Whatever business you are planning to start, be sure that it is legitimate and complete with papers. Cryptocurrencies like bitcoin is highly volatile, its price changes too often and might affect the that you are planning to start. Know your expertise first before starting a business
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Paper money might be very much around when that future is arrive. It is hard to replace paper money by a currency that exist only in the virtual world unless the way we live is also virtualized or digitalized. In the future, there might be a cryptodollar or a cryptoruble because in virtual world, all is possible.
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People are not expecting about reaches to 10k$ in this December so i think 20k$ in the next year is totally possible.
It's already reached $11500 right at this moment but I agree with you about bitcoin's reaching the $20k level or a bit highier than the $40k next year. If there is non stop uptrends or bullrun of bitcoin price next year it can reach the $40k level later at the end of next year, but that not possible, there is always corrections ahead. |
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In the near future, there is a possibility that bitcoin dominance will face a serious challenge by another cryptocurrency or coin that contains features that will surpass bitcoin. Many coin developers continues to find ways on how to make a better coins. But nobody knows when will bitcoin replace by another supposed to be superior coin in the future.
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Visit cryptocurrency exchanges and coin marketcap to find the best performing altcoins in the past few months and study them. Some new altcoins are also performing good like bicoincash.
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When choosing altcoins for long term investment, research them first so you can choose the best altcoins that really has the best chance to grow in long term. Their past performances will also reveal how far the altcoin will go when it come to price acceleration.
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The continuing development of ethereum will push its price to $500 and up. Ethereum have been gaining more support so it is possible to $500 before the year ends.
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If ever there be a big crash for bitcoin, many altcoins might go up and one of them is bitcoin cash. Others like ethereum, litecoin and ripple might have the momentum to go up also
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It's bitcoin when it come to good investment choice because of its continuing price uptrend. Bitcoin cash is still a newcomer and not yet proven for a long term investment.
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Altcoins that always stay on top in cryptocurrency market will survive the ongoing fierce competitions. The advantage of the altcoins is their cheaper price if you compare to bitcoin.
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