|
in my opinion adopting bitcoin will take a long time maybe 10 years or 20 years. because most countries already have their own currencies and also some people are also not ready to make transactions using bitcoin. and in my opinion some countries are more interested in adopting a blockchain than bitcoin. and for inflation I think bitcoin can indeed be relied upon to prevent inflation. if we save our money in bitcoin it will definitely not be affected by inflation. but we also have to be prepared if bitcoin is impaired.
|
|
|
|
|
it's a good idea to include the syllabus about bitcoin and blockchain to students. students will understand about bitcoin and blockchain properly. and in my opinion we should not only give a syllabus but also have to give a direct example. so that when they have graduated from school they can immediately look for income using bitcoin. and with the increasing number of people who understand about bitcoin and blockchain will encourage bitcoin to be adopted en masse.
|
|
|
|
|
all three countries experienced a severe economic crisis that made their national currencies experience a falling and worthless hyperinflation. so they looked for other alternatives for payment tools. and they found bitcoin as a solution. although the value of bitcoin is also volatile but I think it's still better than their fiat money which continues to decline. I read an article that bitcoin residents of Venezuela use bitcoin to survive.
and I think this is indeed the purpose of satoshi to make bitcoin usable when there is a monetary crisis.
|
|
|
|
Don't be so focused on 20000$ like it's some magic number. Of course that price is possible again but you have to look the overal situation in the market and current price environment. At this moment this is not very likely to happen and neither in near future. So why don't think in more realistic way and how to use current situation on the market instead of waiting for miracle to happen.
Yes, agree with you, now that we are at the end of the year there is no way that bitcoin will reach $ 20,000 this year. I wonder with some people why they always think of a bitcoin increase. no need to think hard bitcoin will definitely go up. we just need to be patient and wait. rather than the time we used up to think about increasing bitcoin which is not necessarily better we use our time to collect bitcoin. we can participate in faucets or projects that pay us with bitcoin. like the project that I'm currently taking on. |
|
|
|
|
maybe bitcoin could reach $ 50,000 in December because at that time bitcoin had halved in May 2020. but in my opinion bitcoin would need a big boost to be able to reach $ 50,000. and positive news about mass adoption of bitcoin can encourage bitcoin. hopefully in the next year a lot of good news about bitcoin. last I heard starbukcs also accepts bitcoin as a means of payment. the increasing number of companies and countries that adopt bitcoin will be able to push bitcoin to the moon.
|
|
|
|
|
in my opinion not all new currencies benefit even when many new altcoins are scams. only new altcoins made by experienced managers and development teams that have enough capital can survive in the altcoin market and benefit us. so if we want to invest in new coins, we will be correct about who the manager and the development team are. then whitepaper and the resulting product really we must understand. myself now prefer to invest in the top 20 coins because I think it's safer. although the benefits are not too large.
|
|
|
|
|
I think cryptocurrency is the most profitable investment tool compared to banks or the stock market. it's just that currently many ICOs are scams and many new altcoins cannot survive in the crypto market. so that makes investors afraid to invest there. and I think investors now prefer investing in bitcoin over altcoin. Over the past 2 years the altcoin market has continued to decline. so many altcoin investors choose to sell altcoin and move it into bitcoin.
|
|
|
|
the cost of living of each person is certainly different, we cannot compare it with others. and of course the cost of living in each region is different. because every city has different political and economic policies. so I don't think we need to compare our living costs with other people's living costs. what is important is that we can meet the cost of our lives and live happily I think that's enough.
the cost of living depends on the development of the country's economy, therefore we can see the difference in price and value of each currency in the country, perhaps with developing countries in the economy, the cost of living will be greater and of course the developing countries value and price of the currency is greater than countries that are lagging behind in terms of the economy yes I agree with you the cost of living is greatly influenced by the economic and political situation of a country. besides the cost of living is also very influenced by inflation. if a high inflation occurs then the cost of living there will be more expensive. so many factors cause the cost of living in each city or country is different. and this site will be useful for people who like to travel abroad or when we want to study abroad we can use this site to see the cost of living there |
|
|
|
Peter Schiff ruthlessly shatters the dreams of Bitcoin holders who hope that the top coin will reach new highs, reiterating his point about market manipulations.
Peter Schiff, the CEO of Euro Pacific Capital, is not amused by Bitcoin's latest 40 percent price revival.
The world-famous gold proponent continues to insist that the crypto market is being manipulated by deep-pocketed whales.
In his latest tweet, Schiff states that large Bitcoin holders want to protect themselves from the upcoming market crash by selling their BTC and using delusional holders to cash in.
After numerous pundits tried to wrap their heads around the recent market rally, Schiff took to Twitter to share his own take on Oct. 28. He believes that this Bitcoin turnaround had nothing to do with China and everything to do with whales "suckering in" gullible buyers.
Schiff rose to stardom by accurately foreseeing the financial market crisis in 2008, but Bitcoin price predictions might not be his thing.
As reported by U.Today, he claimed that the BTC price could plunge to as low as $2,000 on Oct. 20, less than a week before Bitcoin recorded its third biggest daily gain in history.
His $4,000 prediction, which was made right after Bitcoin's precipitous plunge to the $8,000 level, also never came to fruition.
SourceUndeniably price manipulation often happens in unregulated crypto markets. Do you agree in this economist statement or do you oppose? Do you believe that recent price surge is cause by manipulation or natural demand? yeah i also think like that maybe the rise in bitcoin yesterday was manipulated by the pope. we know that they have large amounts of bitcoin and every sale or purchase can have an impact on the price of bitcoin. but sometimes bitcoin price fluctuations can also be influenced by the news. and maybe the news about the statement of the Chinese president who supported the blockchain yesterday also affected bitcoin. in conclusion I also do not know exactly what caused bitcoin to pump yesterday. |
|
|
|
Real life jobs is more reliable, there is assurance that you will get paid and if your present job is bad just quit and look for another job, as for crypto its not that helping now since we entered bear season so i can't give you assurance that you will be able to live comfortably when working fulltime on crypto
yes I agree with you indeed we should not rely on cryptocurrency as the main job or main income. because it is very risky. the cryptocurrency market is very volatile so that the income earned from crypto is also uncertain. while the necessities of life must be fulfilled. it's better if you feel pressured try to find another workplace. I'm sure if we try hard we will get a new job. and being cryptocurrency as a side job. |
|
|
|
hi
I was introduced recently by a friend to the crypto world. I've been doing some reading about the reality of this ecosystem, creation of bitcoin and then alt coins, market experiences, the different projects objectives, a bit about the theory behind them incl pros and cons, and so on (I am a .net programmer and would like to think tech savvy, but had always ignored this field) and well ... I decided to invest 2K right away
I made some investment choices but then read a bit more and decided to re-balance it in the following manner:
BTC 36%
ADA 23%
XRP 21%
EOS 8%
QTUM 7%
XML 3%
ATOM 2%
On top of this, I am considering investing $250 every month (of course I will be flexible depending on markets prices but take this as an estimate) in the following proportion
BTC 50%
ADA 25%
either EOS, XRP or BCT the rest 25%
note: for some reason I am not a fan of ETH and trust in the potential of ADA much more
I am far from rich, especially because I live in a very expensive city, but I have a decent paying job and I try not to overspend; so as part of my savings strategy [for early retirement] I am saving 2-2.5K every month and transferring it to a money market account (and then CDs) so at least it can grow a bit in time (not counting growing inflation)
This good friend mentioned to me the so-called 1 BTC rule and I have been giving some thought to this idea. Purchasing 1 BTC would not be a problem [in the affordability sense] but then I think about the other tenet which talks about only investing in crypto what you can afford to lose. If I lost the invested 2K I would be really pissed off but I would get over that. Now shelling 8K for 1 BTC would not kill me either but It would certainly impact my plans for an early retirement
What is your perspective on this situation?
I agree with your strategy in investing in crypto. always dedicating more money to invest in bitcoin is the right thing. because bitcoin is the main currency in cryptocurrency. and most altcoins always follow the price of bitcoin. for altcoin I choose ethereum, ripple, litecoin and BNB in my opinion those four coins are potential coins because they have sophisticated technology and also have a large trading volume. I am sure in the future bitcoin and the four altcoins will increase. |
|
|
|
|
in my opinion who will buy facebook coins is a big company that supports this libra project and also facebook users. and crypto investors may wait some time to see the development of Libra coins. if this libra coin grows well and is reliable then some crypto investors will buy this coin. itself is less interested in this libra coin because libra is a stable coin that does not have volatility. maybe this libra coin is suitable for payment rather than investment. everything is still unclear we'll see after libra was released.
|
|
|
|
|
yes I agree that bitcoin and blockchain have provided innovations and new breakthroughs in the financial system and technology. bitcoin has a bright future because now that we have lived in digital era most of the earth's population have left traditional financial transactions and started to use e-money and henceforth I am optimistic when bitcoin has been mass adoption. then bitcoin can be used as an alternative means of payment. bitcoin is our future.
|
|
|
|
|
China can always dominate everything. if we look at some of the products we use ranging from clothing, electronics and household appliances, some come from china. China can always see opportunities, they also see the great opportunities that bitcoin and cryptocurrency have. so if we look at most investors and bitcoin miners come from china. and I think China has dominated the bitcoin market. because every news about bitcoin that comes from china always impacts the price of bitcoin. like yesterday the president of china made a statement supporting this blockchain making bitcoin prices pump up.
|
|
|
|
|
in my opinion the use of bitcoin for payment tools can only be used in countries that are friendly to bitcoin. like Japan, Switzerland and and Russia. and if we live in a country that has not yet legalized bitcoin as a means of payment. so I'm sure most of them have never used bitcoin for payment. they only use bitcoin to invest and trade. but I am optimistic now that bitcoin is headed for mass adoption soon countries will legalize bitcoin as a means of payment and make bitcoin a global currency.
|
|
|
|
|
when entering the second quarter the price of bitcoin began to be good the highest price of bitcoin this year was in july with a price of $ 13k then after that it continued to decline until the last 2 weeks ago the price of bitcoin was only $ 7.5k and a few days later to $ 9k to reach now . in my opinion this year the bitcoin price of bitcoin will remain in the range below $ 10k. I think the price of bitcoin will go up high when bitcoin halving day next year.
|
|
|
|
|
I think most countries do not like bitcoin and cryptocurrency. including the United States government. they don't like bitcoin and cryptocurrency because anonymous and unregulated cryptocurrency can be used for criminal acts such as drug trafficking and terrorist financing. and I think if now the United States government wants to stop bitcoin I think it's too late because bitcoin has grown rapidly and already has a lot of investors all over the world.
|
|
|
|
The market for Altcoins has been bad recently, and many Altcoins have died and lost a lot of money. What kind of Altcoins do you think will die?thanks for sharing
At present most of the altcoins cannot survive in the crypto market and become shitcoin because they cannot develop and do not have trading volume. coins that have no trading volume will eventually die. so I always recommend investing in the top 20 CMC coins. because the coins already have a large trading volume and market capitalization. and also already has a community so that coins are not likely to die like ethereum, ripple, litecoin and binance coin. all of it is a potential coin. |
|
|
|
when patience is being tested,
what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.
yes, as a good crypto investor we must be able to utilize the situation of the crypto market well. of course we must have patience, not greed and good financial arrangements. when the bear market happens and I have money I will buy but if there is no money I choose to hold on and wait for the market to pump again. the crypto market is very volatile so we must be good at looking for every opportunity. and most importantly investing in cryptocurrency does require patience and we must also learn before deciding to invest. |
|
|
|
|
I don't think it's because of libra because until now libra hasn't been released and we also don't understand the impact of this libra coin. I think this statement arises because of the many altcoin projects that are scams and also the presence of stable coins such as USDT, trueUSD and MNX. I think they want to protect investors to stay safe in investing in cryptocurrency.
|
|
|
|
|
Show Posts
