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Bitcoin is just but a currency that is yet to be accepted by the government. Bitcoin cannot end governments, but rather the other way round - the governments can actually bring bitcoin to an end. I believe that bitcoin was not originally designed to bring an end/stop to anything but rather to improve the economic system.
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Bitcoin can actually be banned, in the sense that the governments in question are not in control of it, being that it is decentralized. It can also not be banned when government find a way around it i.e when they eventually find a way to regulate it. But considering the fact that cyrptocurrency is a new innovation, and that the world is fast evolving, i believe governments would embrace the innovation of this currency.
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Bitcoin is a digital currency based on a blockchain technology which uses a peer to peer mode of network that requires the use of internet for transactions, while real money is the normal fiat currency used for daily transactions, and does not require internet.
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The concept of bitcoin, does not fit into the definition of a ponzi scheme. A ponzi scheme, is like a give and take situation which involves a third party. But bitcoin on the other hand has to do with an individual investing directly and getting returns when there is either an increase or a decrease in the currency value.
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These days the bitcoin prices are rising and falling over 1000$ in just minutes and have become highly unpredictable way more than before.
Does this make trading more difficult right now?
The up and down rise in the value of bitcoin does not make trading difficult in any way. As a matter of fact, when it's rising, people are buying and making profit, likewise when it's decreasing, people are selling and making profit as well. All you need to do is to follow the movement by carrying out both fundamental and technical analysis, respectively, to know when to buy or sell. |
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Bitcoin Talk Name: Webberson Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profileRank: Member Post Count (including this post): 85 Your Login on UT(web) https://uttoken.io: UT1076655 Btc Address: 1rmRqpn2Sj7EAnSrDxPEfmiVWagHf9Gx2 Eth Address: 0x6a875BDd66C20153972483AEF26Cd54562954D26 Really would like to join your campaign. I hope there is an available slot. Thanks in anticipation for your earliest possible response. Updated |
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How about only earning Bitcoin and not using them?
I think the price of Bitcoin will gain much more value.
So if we keep it as our asset we will be much rich in the future...hehe...whats your opinion about this?
Saving/gathering bitcoin, is really not a bad idea. If you have more than enough, you can as well save a large sum of it, to probably sell when its price must have reached its peak. |
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Bitcoin is a currency that is actually different from the norm and the reason why it's present value is what it is now, is as a result of the awareness and potential the currency had gained, which is why it is so expensive as compared in value to other fiat currencies.
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There is a popular saying in trading that the trend is your friend and that you should always follow it.
Despite the value of bitcoin is going down, it is still an upward trend. You can actually sell and take your profit on a short time frame because the downward move is not yet a reversal.
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Just like every other investments where people invest and expect to make reasonable profit out of it, so, also is bitcoin's investment.
As to why people sell bitcoin is simply for the reason to attend to immediate needs.
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
Money is meant for spending, regardless, what it is being used for. Some people prefer bitcoin because of the innovation and concept behind the currency, which is actually different from the usual fiat currency. |
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Just imagine selling your $259,900 house for 43BTC and 2 Months in street.
and after just 2 months sell 43BTC for $498198.
Again buying the previous also you will be in profit of $472298.
would you try this technique.
This approach is actually gambling, and gambling is a game of risk. But hey! to become successful, one have to be a risk taker. In this case scenario, i will not venture into such, when it is the only property i have, but if there were to be other properties, i would take such risk. |
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