Japanese internet conglomerate GMO Internet Co., Ltd is launching a bitcoin trading platform on May 24th. The internet giant is one of many Japanese companies looking to capitalize on booming demand for digital currencies in the world’s biggest bitcoin trading market.
Because, Bitcoin is BOOMING! BTCBTCBTCBTCBTCBTCBTCBTCBTC
It is excellent news to know that BTC is widely adopted in such large economy like Japan. This will open new doors for BTC everywhere, and help the continued rise in price. If you have BTC in your wallet, it's time to wait, grab a soda and popcorn and watch the show! |
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Everyone has a magic number  Most important is not to regret this decision and make a good use of the profit made. I personally think that 10k is an excellent number, and with 25k I would sell everything without second thoughts, and use the money to make other investments. |
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https://www.theatlantic.com/business/archive/2013/04/bitcoin-is-no-longer-a-currency/274859/An article from The Atlantic magazine - from 2013, way back in 2013 - declaring that bitcoin is not a currency, but "the ultimate tech stock"! The four years since the article was written has proven that bitcoin is akin to an Amazon or Facebook (stock, not company), and much less "Pets.com". That's a good thing. I have to agree with them. Every week that passes without a new company in any local metropolitan area deciding to accept bitcoin as currency is a two weeks further away from bitcoin actually being adopted, mainstream, as a currency. Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange. What do you think? IMO, BTC is a currency, an asset, and a payment method. Therefore, it needs to be analyzed by this threefold view. For now, the more preeminent side of it is the "stock" or asset side of it, as a token of value that is increasing in price because of the rising demand. But we can't forget the other two if we want to see BTC achieving its full potential. |
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For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms are important. Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcUThe price matters today because we don't have a full economy based in BTC. At some point will be necessary to exchange BTC for something else, and then, the price will matter. A lot. Most people are in BTC because of its price. Not the current, but the price that can be achieved by it. |
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Nowadays, perhaps the best way is to bet in some altcoin, expecting a huge rise in price, like ETH, LTC and some others had recently. You also will need a lot of luck to know the exact time to sell and not be affected by some dump along the way.
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hi;
i have 3000$ and what do you think? im going to buy bitcoins and i will wait for years last;
is worth that decision good ?
Probably the best way to have a greater profit is to diversify in several altcoins, aiming a price surge on one of them. There are coins under $10 that could you could purchase a much larger amount than BTC. For instance, in January ETH was priced $9, and now is $80. If you bought 333 coins back then, now you would have +$26000. BTC worth was ~$900. Now is ~$1700. Your money in this scenario: ~$5600 |
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There are a lot of altcoins and I am really curious why people buy them. Is there any worth of altcoin? Why not using only bitcoin? What's the future of altcoins?
The primary goal of an altcoin is to do things that BTC can't. LTC had a smaller block generation time and implemented Segregate Witness. ETH has the smart contracts feature and the ethereum virtual machine, that allows a greater number of instructions to the network. Other altcoins have better anonymous features. So, the alt worth comes from what who uses them thinks about this features. |
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Recently, Ethurium price fall down.
And its family like golem, auger also.
Do you think that Ethurium's era end and new alt era start?(like ripple or something another)
or Ethurium is still under boss of Criptocurrency?
I believe that ETH fall in price is due BTC rise in price. Investors (speculators) are changing the money from one coin to another, making a profit in this fluctuation. This isn't so bad because it shows that there is a market in these two coins. With the rise of other altcoins, also it is normal that we see transfers between them (despite, IMO, this isn't the case). |
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I don't think so. This is a new technology and will take a long time to it become mainstream. Probably when our generation grows older and the ones after us grow in an environment that it is already a daily reality to a large part of the population. I believe that China and Japan will be the first countries where this will happen.
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I believe that we are living one extraordinary moment in cryptocurrencies market. There are a lot of new ICO with exciting new features, and several already stabelished coins having ATH. Media coverage also is increasing and the name "Bitcoin" is reaching people that are not technological at all. All of this is setting the perfect enviroment for a sustained increasing in price.
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You can use Jaxx or Myetherwallet if you're worried about space and like the features that they offer (several coins, several gadgets (chrome extension, mobile apps, etc.). It is relatively safe (I believe that you're only 100% free of external interference using hardware or paper wallets). Do some research and give a try on what suits you best.
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If we multiply the BTC price x 10, we will have a market cap of a little bit under 300 billion dollars. This is a lot of money? Yes. For what BTC and other cryptocurrencies represents? Not so much. This is the value of a large company in USA stock market and when we are talking about fiat currencies, almost nothing. So, it is plausible to have a much bigger market cap if more solutions using cryptocurrencies are delivered in the next months.
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BTC - Buy. Looks like that we will have a continuous rise in price over this year. Of course, it will go down sometimes, but the trend is going to be upward.
ETH - Neutral. I really don't know if ETH has more room to grow because of its inflation rate (munber of new coins deployed in the market every day). To it value continues to grow, it's necessary a massive inflow of new money.
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There is a lot of room to grow yet. Even if the BTC worth goes to ~10.000, we are talking about 200 billion. When we talk about BTC as a token of value, the money (fiat currency) only change hands, it doesn't multiply or is created (poured into the economy).
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We need to be very careful when dealing with our crypto wallets because the loss of their keys means the loss of our money. They're build to make virtually impossible to break their security. Keep the phrases in a safe place and enjoy the current rise in price! (And buy more ETH, if you have the money).
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I know some companies that provide this service, but as prepaid cards (you have to keep a balance there). In two of them (Wirex and Xapo) you can keep your balance in BTC and spend it on the go. On Advcash, you can deposit your BTC, but need to exchange it for fiat before you can use it.
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Most don't have a large amount of their money on BTC because it is too new and too risky. Who has a lot of coins was a super early adopter that kept his/her coins "forgotten". The new altcoins that are been created in these days has attracted much attention, with investors trying to figure out which can be the next BTC... maybe this one way to earn a lot... or lose all:  |
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An altcoin should be a complement to BTC, not its replacement, to improve the cryptocurrency/blockchain solution. Thinking that way is more one competition between altcoins to see who has the best solution to a given problem than against BTC. In this scenario, ETH, LTC, Zcash, and Monero look like to have better chances than other cryptos.
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ETH, as any altcoin should be, aims to do things that BTC can't do. It proposes to use smart contracts to handle electronic transactions in ethereum blockchain better. It also has the EVM (Ethereum Virtual Machine) that gives it the ability to understand and process programs natively in its blockchain. So, isn't a question if ETH is better or worse than BTC. It is supposed to different things.
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Most governments don't follow or have a specific department to overview new technologies and its application to their country. This isn't necessary a bad thing because they need to focus on the overall situation, rather specific things, but sometimes creates a huge gap between a relevant part of the population and it. As a general rule, governments are undeveloped technologically, simply as that.
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