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No, bitcoin is not the future of banking. Bitcoin is not really meant to store money. It was formulated to be a currency but in the digital sense or meaning, a cryptocurrency. Bank is not a currency. It is an institution where it stores money and gives you some money depending on the period of time you store it. They use on other things so that they will also earn money. Bitcoin, yes maybe it was nowadays use as a storage of money, but bitcoin users do it because it has value for them really to earn money, not really for storing of their money. There is really a big difference between them
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Do you think the media is trying to destroy Bitcoin and cryptocurrency ? I think they show 95% of the times only bad news. Why is this happening ?
No, media do not want to destroy bitcoin. They also give positive news about bitcoin as well as negative news. Maybe the reason why those negative ones are the one that are dominant and sounded so much where people talk about it too much is because negative things is really catchy. It makes people debate about it too much that is why some media men take it an opportunity that is why some of them brought more negative news about bitcoin. But for your question, media do not do that because a media must be transparent on all things. |
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Well i got your point it is also correct that the real reason of bitcoin is to be a currency but it is not used as that rather it is used as an investment to earn more money but i think there's no problem with that as long as people do not do bad things or evil schemes it is natural for us to dream to be a millionaire as long as we do not scam or take advantage them our dream makes us strive harder even it is far or high like the stars it will make us go beyond our limitations wanting to reach that goal so for me there is no problem with that mentality as long as you do not do bad things to other people.
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First of all, don't go on something that you do not fully understand. In your given scenario, that only means that they do not really know bitcoin. They are easily affected by the comments and do not have the kind of bravery and certainty know what bitcoin can do. I think it is food for them not to try bitcoin because they are on that state. Lastly, I think these bad comments or posts are inevitable. It cannot be removed here because all of us here can post what we want to post. We have our minds to select what to trust on the posts and who not to trust.
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When the price of a commodity drop with no reason, you should know that it is being manipulated. The reasons for this is quite simple, because a lot of people know this is a fake crash and they are going to make millions, when other people start to panic and start selling their coins at these low prices.
The secret to maximize your profits in this game is to buy coins at the lowest price possible and then again to sell at the highest price possible.
What do you do if people are hoarding their coins and refuse to sell? You simulate a fake crash by stockpiling your coins over a long period and then dumping those coins at once to trigger a small crash. You then buy back these coins at a lower price than what you bought them and wait for the market to recover.
This is what is happening now, because there is NO reason for this sudden drop in the price? Hold onto those coins as long as you can, because these greedy bastards will manipulate the markets to cause chaos and panic.
Is this really possible? I mean, I taught it is impossible to manipulate the price of bitcoin because of the technology behind it. I think it is ridiculous to think that the downtrend without you knowing the reason means it was manipulated? In the last downtrend, there are many reasons why it was happen, and the price of bitcoin is very sensitive that it reacts to happenings in the market that is why the value changes so much. If it is possible to manipulate it then why they don't lower it so much, buy a huge amount of coins, increase the price, and sell it? |
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Wow, your portfolio is a good one! It is quite logical to think that every investment and even the shares of it depends on the cryptocurrency itself. The good thing about your portfolio is that you will not be stagnant because you do not rely just on one cryptocurrency and you do partitions. Well going back to the primary topic, yes, investment is a risky decision. Before you invest, you must think all the possible results, either positive or negative. If you think you can handle the negatives, then invest. When it profited, good, if not, don't regret it.
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This year the price of bitcoin has dropped for a long time, and don't know how long bitcoin will be like this. I think this is a year of challenge from bitcoin, those who are strong will stay here and the weak will leave, this will be an option to determine the future.
Wow! I love the person like you who have these kind of mindset or mentality with regards to the value of bitcoin if it will increase again. Yes you are absolutely right, those people who are patient and are strong mentally will definitely stay here and those panic seller will leave immediately. In addition, what I guess is that the price or the value of bitcoin will no longer go down based on its previous performance. I think it will sooner go up or will increase as time passes by. Here's a tip to those panic sell, be optimistic, the key here to be successful is to be patient. |
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Are you serious? Aren't you on a weed? I mean, didn't you know and the guys like you that bitcoin's current condition is nowhere compare to its value way back before where you actually need more than knew bitcoin so that you can buy one pizza whereas today that knew bitcoin can buy thousands of boxes of pizza. You are a panic seller may be. Please research and try to understand the history of bitcoin because even in a little time I think you will understand that these situations are normal and it would not be the end of bitcoin.
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I have seen the crypto market for last 1 year and the last 6 months are not so good for BTC and Alts.
The total market cap is going down and price of BTC is pumping and dumping again and again.
What should we do now hold or take a exit and wait for more drop ?
What the problem with this kind of people is that they are not that experienced here in bitcoin and get they have concluding something. If you have know how much bitcoin is way back, you can conclude or infer that we are actually still on a good value think that it is still a high value compare to the old days. Those experienced guys here will not react like how you react. They will think that these situations are normal and will end up soon which I think really is true. Try to search about the the graph of bitcoin's value on the last years and you will see the answer yourself. |
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According to a study conducted by researchers at Imperial College London, cryptocurrency has the potential to become a form of payment that is widely used for decades to come. In their research report entitled "Cryptocurrency: Overcoming Barriers to Trust and Adoption" Professor Imperial College London, William Knottenbelt, and Imperial College Business School Dr. Zeynup Gurguc, argue that cryptocurrency has so far acted as a store of value like a fiat currency.
Although we do not have any assurance, I think bitcoin can be the mainstream in the next ten years or in the next decade. When the bitcoin was invented and and was released way back, only a very few people have known it and uses it. We do not even expect how it upside so much that it reaches its record that make investors crazy and immediately investing to it. I think time is only needed for it to be a mainstream. Maybe when its value increase again and hit again the roof, I think people will act crazy again and directly increasing the popularity of bitcoin. |
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I think you shouldn't have traded your coins to altcoins. Well, I think we all have that experience here where you have regret not selling your bitcoin when its price have increased, thinking that it will go up more. I think those experiences are inevitable to us specially we are into bitcoin and knowing bitcoin's nature where it is very volatile and always subject to change. The best thing to do is to have a targeted value so that when you have reached that value, you can cash some of it so that you have profited some.
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Hmm, I think you are believing in bitcoin too much that you have done those things that I think you shouldn't have done. The best and most secure way of having business is to have not just one or not focusing on one business but to part it with different businesses. Why? This method is use because when one your business fails or in the tough times, you will still able to rely on the other business as a source of money. When you rely to much on one business like what you have done, you might ending up broke like what is happening now where bitcoin continuously going down.
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This statement "Samsung says that smartphone are the safest way to store cryptocurrencies " implies that Samsung smartphone can now function as a hardware wallet because it is something that is tangible. The problem with this concept is that when you lost your phone. When you lost your phone, there are many possibilities that could happen in an instant. Your bitcoin might be turned into nothing in just a matter of time. Also, it might be vulnerable to hackers because that is a phone and a phone is really vulnerable to hacking. A proper care must be employed when using this kind of wallet.
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No, bitcoin is not a disaster for local banks like what other people have been telling. They said that it is a disaster just because they taught that bitcoin is a big competitor in terms of those profit gaining ventures. Bitcoin they said will have the audiences or customers that the local banks should have. I think it is not a disaster because they can actually coexist. Local banks can actually adapt bitcoin as one mode of transaction and or payment so that they also have it. They will have an advantage to those banks that do not have bitcoin because they can now cater bitcoin users.
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I think your statement altcoin will still rice even bitcoin is down is not correct or a wrong statement. Why? It is because everything that happens to bitcoin will also happen to altcoin. It is because in elder for someone to have an altcoin, he needed first to have bitcoin and eventually converting his bitcoin to his wanted altcoin. That is why it is very impossible for altcoin to rise even though bitcoin is going through its bad times. Well, there are other circumstances or chances that might happen, but primarily what happens is the aforementioned.
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Yes, these things are to apply when people will enter the cryptocurrency market. They need to take risks because risks in the market is inevitable and I think all kinds of profit gaining ventures require anyone to be a risk taker. Also, be patient. Be patient because not all the time you will gain money here just like what is happening now. The good thing is that here, when it rain, it pours. When the value is high, you will earn unexpected profit. The last thing to bear in mind is to be optimistic that the price or the value will increase again.
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I think this news is not that unexpected or it is expected to a country in Europe which is a continent full of rich or developed countries. This news is a positive news, and has indirect effect to bitcoin. Why? It is because having these things or things that are promoting bitcoin, people will be curious on why are these things are created and will attract people who are not into bitcoin. Also those bitcoin users will also benefit because they now can direct transact using their coins.
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Selling it in its current state I think is dependent on the person. If the person have bought bitcoin when the value is high, I think it is non sensical to sell your bitcoin. It will not solve your problem and it will just increase the problems and regret in your head. It is better to hold it and be optimistic by hoping the value will goes up again than to sell it and getting money that is lower than your investment. On the other hand, if you think you will get enough, then it is okay to sell your bitcoin. Personally, I think this is the best time to buy some coins because I think in no time the value of bitcoin will rise again.
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HOW TO STOP HACKERS TO HACK YOUR CRYPTO WALLET Protect yourself from cyber criminals Good day to all of you guys I am EdsnowAngel a programmer and a bit security tester in different platforms. Now I heard to my friends a lot of concerns saying "please help me my bitcoin wallet was hacked!!"Ok ok first thing first when your bitcoin wallet gets compromised then your funds was send in different wallet then it is irreversible meaning no return of funds!! so I wanna tell everyone how to protect your bitcoin wallet from such kind of situation. 1st: Protect your GMAIL or EMAIL ACCOUNT We all know we use GMAIL as our email provider for such accounts like blockchain then we can recover and approve login with email in some wallets, now when your email account was targeted and get compromised then say goodbye to your bitcoin.To secure your bitcoin wallet(ex: blockchain or other) go to your google account settings. and then turn on the 2FA(2nd factor authentication) here is the guide on how to do it: STEP BY STEP GUIDE2nd: Use your own DEVICE or COMPUTER/PHONE It's a very bad idea to use someones device(ex:from friend) to make a transaction in your bitcoin wallet why? because first you don't know what is the capability of that person regarding that matters and you don't know if that phone has a lot of malwares and spywares.So we cannot say that you are safe using someones device to make transactions. 3rd: Always backup you PK's or PRIVATE KEYS This is the most important thing to remember for everyone using your ETH or BTC wallet without backing up your Private keys then you can't recover you wallet in case you forgot your wallet.PK's are very important but there are thing you should do first. Make sure you store your PK backup somewhere that you only know and not from your computer because there are some spyware that might inside of your computer that can steal that file so make sure you back it up print in a paper and hide it to the place where you only know. 4th: Don't open links from malicious emails This method was called email phishing where an attacker will send the same email in thousands of random users once the victim will click the link in that email then his or her device was compromised to avoid this please do not click the links included in the email immediately please always have time to check who is the sender of that email and if that email is came from the site where it supposed to came from. 5th: Do not trust PUBLIC WIFI It's quite good to have access with free wifi's but have you think this: IS THIS A SAFE NETWORK? without you knowing maybe some of the people connected to that same network may have idea and skill on how to sniff passwords and credentials this method was so called DNS SPOOFING or SNIFFING if you want to use public wifi then use it not just with your bitcoin transactions. 6th: Do not login on Suspicious links This method is called PHISHING where an attacker will send you a link to login with your bitcoin wallet luring you with the legitimate site example is: the real site is: https://www.blockchain.info/the fake site is: http://www.blockchain.ga/then once you login to the fake site then the hacker or attacker will have now your credentials. Please always check for the green lock on the url bar and the word HTTPS in the link. so this are some of the way to stop hackers to hack your bitcoin or crypto wallet. If you have other information then you can comment it down and lets help others. These things, if you have noticed, are actually fundamental and anyone should actually know it not just for your cryptocurrency wallet but actually for all you accounts in the digital world. One thing j have noticed and anyone might to this post is that it is all about the person. This means that we can all prevent hackers having kjr cryptocurrency wallet, and that is so true. Hacking of your wallet can just happen in the carelessness of the person. One tip, don't be careless. If you are not careless then definitely I think your wallet wouldn't be hacked by hackers. |
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