I am fairly new to the crypto world. During my short time, I have contemplated how crypto will go down over the next few years.
Slowly, over time more regulations will be adopted worldwide. This is not because regulators are scared that people are getting scammed, but because they will start limiting this world from us small fish so the banks and "qualified" investors can tke over. All the large banks will then push their own crypto, and we will be left with nothing.
In my opinion, it is in our best interest to gain enough profit so we will have the funds to become qualified investors, and be able to re-enter the markets through the banks exchanges.
What does everyone else think? Do you think the big fish will continue allowing us to do trading long term, or are our days numbered?
What makes crypto investment different from other available investments is its availability to invite small investors that you call small fish to get a fair share of profit in the market where big whales are at reign. Unlike, other investment that asks so much requirements and qualification, bitcoin offers a bigger return with lesser obligation. That will make bitcoin increase its demand and have a larger market cap.
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Yesterday I red article regarding digital currency. The article aim to discourage us in using digital currency as these currency is not recognize by our country monetary institution. What do you think is the reason why other governments are discouraging its citizen to use digital currency? Any thoughts.....
Government is actually the relation between the one who is being governed and the governing body, so this is a mater of power and control. Since, one of the primary property of bitcoin is being decentralized and unanimous, perhaps they are afraid that if this technology progress, it would take away their complete control to their economic and financial system. I guess, if they will study the technology, they will find out that bitcoin is not a threat to economic progress.
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Nearly all of the mocking that you see stems from the banks, financial institutions and governments. Of course these entities are going to try to discredit the very system that seeks to undermine their authority. Ignore the naysayers, blockchain is here to stay, the implementation that eventually succeeds fiat may not necessarily be bitcoin, but it certainly has the best chance.
Some of us have eventually witnessed the struggles and success that bitcoin experienced for almost a decade of existence. And unseemingly ,the detractors just do not had enough from attacking bitcoin even if reality proves they were wrong about their words. Those entities who are attacking bitcoin and its technology, do it out of fear that someday they will be outcast and replace by this innovation. Only time can declare the winner of this optional battle.
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It really depends on how a country will try to adopt the technology of bitcoin to their economy, how they will insert the potential benefits of bitcoin in their assessment for national progress and development using bitcoin as a tool or an avenue to achieved economic development. No mater how suitable bitcoin would be in a country's economic system, it would be useless if they fail or refuse to adopt it.
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Investment in education and investment in bitcoin are different. Education is a long time investment. Whatever comes in your way, you may always count in the education you attained because it will help you get through all the situations you are in. While investment in bitcoin may help you financially, maybe for long term or short term. If you have education it may also help you be successfull in your investment in bitcoin because of your knowledge which was leraned in school.
Investment in bitcoin and investment in education are two incomparable thing. They are two different goals, although may lead to the benefit of each one. Bitcoin investment is 90 percent financially motivated, unlike in your pursue for educational degree, it includes your quest for career, passion and livelihood. You could use bitcoin investment in saving money to achieved financial security. And at the same time, try to finish study at one of the finest university for passion and career.
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OMG! btc prices continue to decline, most likely the price of other coins also decreased. we need improvement in the face of this situation. in my opinion 2018 really a lot of surprises.
Are you not get use to it? Bitcoin's unpredictable price movement is what makes it an interesting investment. The difference between its highs and lows makes us big gainers or losers depending on how we react on the volatility. Awareness and patience is the major key factor in entering a very volatile investment.
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Entering month of April, we are seeing the gradual increment on bitcoin's value. This leads to me this question, How stable is bitcoin? What are the factors indicating its constant movement aside from the fact that compared from the last years its value was unfathomable in a financial sense but sudden drops oppressing lots of investors. What sort of deem of hope to investors not to become disoriented and eventually selling there btc shares as its value decrease. What do you think guys?
Definitely, if we talk about bitcoin's value or price, it is not so stable in the sense that it moves constantly in an unpredictable rate and manner. But if we are referring to its condition and standing in the market scene. It has already made a firm and solid place for it self. No other coin has proves such stability as bitcoin did in the history of cryptocurrency in terms of potentiality and sustainability.
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Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
In my fine and simple common overview on the future of bitcoin. We can actually look at the statistical records shown on graphs, how bitcoin overcome every periodical dips that happen within its entire existence up to now. We can see that even in the lowest of value it drops, bitcoin overcome any struggles that happened. Investors never give up their relentless trust to the technology. It will serves as a fine overview of what success awaits for bitcoin in the next five years of existence.
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Why, until now, government all over the world still doesn't trust bitcoin?
As far as i know, there are only few governments in the world that shows rejection and attempted to ban it. There are countries that allows the insertion of bitcoin in their marketing system. There are also international huge companies that start accepting bitcoin as payment, you can see the list of countries and companies that is now accepting bitcoin as payment in the internet. For those government that continues to dislike the system, perhaps they have their own reason, but let us hope that they will find the true value of bitcoin in their economy in the soonest time possible.
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Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?
FUD on bitcoin just proves it worth in the market. Because it is given the still with the negative information about it , bitcoin still manage to gain its popularity and development on the market. It just provide a wide range scale for bitcoin to be know by people it is just an equal result for a better option of cryptocurrency in transaction compare to fiat which indicates rivalry on the market.
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No Bitcoin hasn't reached the goal yet, Bitcoin supposed to be the world currency where everyone in the world can used it to buy anything, now the adoption rate is still low, and the government keep on blocking the adoption, and the Bitcoin feature itself still not yet ready, the speed and the fee still troublesome, so I think need more time to adopt this technology
Bitcoin to be a universal currency needs so much more support by people that we willing to give their trust to the system of cryptocurrency and blockchain in transaction could be a big help for bitcoin to develop and to improves its price rate where could be a better volatile currency for investments, trading and transaction for us to earn and to gain profit without putting much time and effort.
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With the imposition of crypto currencies a new reality on the international investment scene, the views of international investors varied among the supporters and opponents of the circulation of the most known digital currency "bitcoin" in the middle of the enthusiasm of digital investors to make a quick profit on the one hand and warnings And the fears of experts on the other hand about the bitcoin future trading that may not normally appear in traditional investments.
In view of the movement of the bitcoin, from its inception until now fully aware that we face the possibility of bursting bubble price at any moment, and the reason for the lack of real value of this currency compared to currencies traded in dollars, there are assets behind the currency such as gold or minerals, material as a real estate sector in addition to the absence An organized governmental body for trading this currency.
If we look at the point of view of putting value to a certain thing, like the traditional precious metals and minerals like gold, silver, oil and etc. Its the international market tycoon who dictates the level of value of these. They can manipulate the demands and supply in the international exchange since they have the highest market share. Bitcoin, is somehow different from the traditional market system, but still connected to it, in terms of conversion and usage. If it manage to create a sustainable market cap, perhaps it could begin a more potential identity as a coin.
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Hello guys, I have a friend who told me about BITCOIN MINING. What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume. I'm not even familiar with it , so I'm probably asking for advice on for those old miners. Electricity here in PH is so expensive. Do you have some tips and tricks? Thanks in advance guys ! The current and continued hike on utility price like electricity , water and oil, pushes the prices of almost all goods and commodities, including computer hardware and software. This is really going to be a big challenge for bitcoin miner, since mining really takes a lot of time to be productive. Investing on mining equipment is too expensive not mentioning the time and personnel that will be doing the entire operation.
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Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
Unlike the regular currencies, bitcoin is not tangible, it has no material form, but considered as a medium of exchange of value and can be use like the normal currency with in its natural limitation and usage. It is an electronic money, and most of its transactions are done in the internet. Since almost everything is being done electronically, it is considered as the future of market transaction.
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The was a time when bitcoin went from $0.85 to 28 and clash to $3! IF you have followed bitcoin chart you will notice many of this related patterns. Since middle of December that we have a reversals in price of bitcoin and almost all the altcoins, we have seeing a progressive bearish market. Bitcoin is heading toward $4,500 and I hope we are all prepared to buy at the lowest price.
Entering bitcoin investment really needs a lot of patience and perseverance. We all know that this is a volatile market, anything goes with in a glimpse, price goes up and down periodically without certain specific sign. All we know is something had been very progressive or orthodox happens that surely affects the price. So, it is normal to mind the price, but remain calm in every price movement that we experience. Invest wisely.
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It always goes to the basic rule of investment to buy when low then wait for the high, and then sell. So many had benefited from that last years fluctuation, Imagine from 5k usd price, it soars to a record breaking high of almost 20k usd, that is a lot of profit if you caught it right. Huge gainers last year. Hope we catch it right too this year, we are at the mid value right now, time to decide guys. History repeat itself.
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The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions. And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country? And can bitcoin change the country's economy for the better?
If bitcoin would be the primary means of transaction of a certain country, that would probably needs a lot of transition and changes to the entire market and trading system of that said country. Consider not only the system of exchange but also the payment for services rendered and the whole circulation of their financial system. It is more realistic to look at bitcoin as an alternative choice of currency at the moment. A compliment to national progress and an instrument to an innovative future.
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Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
Bitcoin is still considered as a currency, it is use as a form of payment in different financial transactions and it is still part of the payment circulation on several countries. So, it does not failed to be classified as a currency. The reason why it is more known as a form of investment is because of its high potentiality as an investment.
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The risk in the virtual currency market is the risk of losing some or all of its capital when the investor performs the investment or virtual currency transaction. Identify the risks before conducting a transaction, helping them to know the specific loss rate in each case of investment will be how to, minimum and maximum how to decide the scale of investment, the first time investment, time of investment completion, and other relevant factors.
We need to acquire sufficient knowledge on cryptocurrency investment. Awareness and knowing the potentiality of each coins available for investment is so crucial in this kind of investment, since this is really a volatile market. You should also know the amount of money that you can afford to invest so that if anything untowards happens, you can still manage to bounce back. Attitude is also important, patience makes a successful investor.
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Health is wealth, and that is a statement. We are working to make our quality of life better, It will definitely just a waste of time if we set aside the wellness of our body in expense of our work. Hospitalization is so expensive and if we developed generative disease, maintenance medication is too expensive. So, work in moderation, do not push your self too hard. Working with cryptocurrency investment is not force oriented job, you just have to avoid stress from the price fluctuation. Think positive, it really help.
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