Important conditions for the progress of bitcoin

[passwordnow]

Being recognized, verified and approved by the government to operate doesn't mean that exchange can flee from attacks. Hackers can attack anytime that they want and to increase and make the security tighter is to increase the security level of the exchanges. I like the idea of being approved and passing of requirements for licensing a local exchange. AFAIK, this is already happening in some countries. And it really helps to change the thought of the people that thinks bitcoin is a scam.

[1714844844]

1714844844

[gudjhonson]

Hackers are tireless, they always take the opportunity, an important moment with security, safe exchanges are always coveted by everyone who wants to trade. The stock exchange must be safe and the government that accepts crypto will certainly still support and search for the hacker to get the punishment. Crypto must be able to grow and be far from hackers.

[deisik]

Being recognized, verified and approved by the government to operate doesn't mean that exchange can flee from attacks. Hackers can attack anytime that they want and to increase and make the security tighter is to increase the security level of the exchanges

In other words, as long as crypto can be stolen, it will be stolen

And what adds insult to injury is that all such hacks are almost always left unpunished due to the anonymous nature of cryptocurrencies and irreversibility of cryptocurrency transactions. In this way, government regulation, no matter how strict, won't prevent hacks from happening (as has already been proved in practice), and that's the whole reason why measures against stealing should be taken and implemented on a protocol level

As an example, we should be able to set white addresses where coins can be moved from a wallet. For exchange wallets this will effectively and efficiently prevent hacks and thefts even if the keys get compromised

[el kaka22]

People have been getting hyped for smallest changes and getting sad about the smallest drops so we need to figure out a way to reach out to people who think bitcoin cares about couple hundred dollar changes because it doesn't.

The moment we can make people realize about the "resistance" levels and where they are than we can actually make a difference. When bitcoin goes to $4200 or so people are hyped about the increase but they do not push it a bit forward, they just go "aw it went back down again" well it did because you didn't push it hard enough.

If we can somehow manage to break that resistance we can actually go as high as $5700 without any challenge on our path but we never really get together and break that 4200 barrier anywhere. If we can get together all of us bull seekers and use our money to break that $4200 even in one exchange the arbitrage bot traders will take care of the other places anyway.

[Bagaji]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

Well, you need not to be optimistic about the fact that what Happened to Bitcoin in 2017 cannot repeat itself before end of this year. This is because anything can happen in crypto currency market just the way no one really predict what happened in 2017.
General adoption of crypto currency should be our main focus and not for a single individual or cooperation to invest large sum of money to bush the market forward as that will be for a short time increase since they can decide to change their minds on the other way round and take profit and there by taking us back to we are before the increase.

[dunfida]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

Well, you need not to be optimistic about the fact that what Happened to Bitcoin in 2017 cannot repeat itself before end of this year. This is because anything can happen in crypto currency market just the way no one really predict what happened in 2017.
General adoption of crypto currency should be our main focus and not for a single individual or cooperation to invest large sum of money to bush the market forward as that will be for a short time increase since they can decide to change their minds on the other way round and take profit and there by taking us back to we are before the increase.

Crypto is capable on both sides either they would be gradually adopted and having s slow pace increasing price or a sudden spike or pump into its price.So, its really hard to point
out if the price is already on that state.

We cant really conclude nor presume that movement of prices would be similar on what we have seen on previous years but atleast we have seen that BTC is capable on reaching
those points.

[Xampeuu]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

Well, you need not to be optimistic about the fact that what Happened to Bitcoin in 2017 cannot repeat itself before end of this year. This is because anything can happen in crypto currency market just the way no one really predict what happened in 2017.
General adoption of crypto currency should be our main focus and not for a single individual or cooperation to invest large sum of money to bush the market forward as that will be for a short time increase since they can decide to change their minds on the other way round and take profit and there by taking us back to we are before the increase.

Crypto is capable on both sides either they would be gradually adopted and having s slow pace increasing price or a sudden spike or pump into its price.So, its really hard to point
out if the price is already on that state.

We cant really conclude nor presume that movement of prices would be similar on what we have seen on previous years but atleast we have seen that BTC is capable on reaching
those points.

but many experts say that prices will return to the previous place, and that also applies in forex, of course for a period that cannot be determined, no one can predict precisely, but my hope for btc will soon recover to the previous price

[okala]

Being recognized, verified and approved by the government to operate doesn't mean that exchange can flee from attacks. Hackers can attack anytime that they want and to increase and make the security tighter is to increase the security level of the exchanges. I like the idea of being approved and passing of requirements for licensing a local exchange. AFAIK, this is already happening in some countries. And it really helps to change the thought of the people that thinks bitcoin is a scam.

You are right, government recognition can only do little help because the crypto space is an open market where both the good and the bad come to shop, bitcoin recognized an approved exchange is a good idea and it will help in boosting the confidence of users but that will not stop it from facing the challenges others are facing.

[Barbut]

Being recognized, verified and approved by the government to operate doesn't mean that exchange can flee from attacks. Hackers can attack anytime that they want and to increase and make the security tighter is to increase the security level of the exchanges. I like the idea of being approved and passing of requirements for licensing a local exchange. AFAIK, this is already happening in some countries. And it really helps to change the thought of the people that thinks bitcoin is a scam.

You are right, government recognition can only do little help because the crypto space is an open market where both the good and the bad come to shop, bitcoin recognized an approved exchange is a good idea and it will help in boosting the confidence of users but that will not stop it from facing the challenges others are facing.

People blame others for their mistakes, it was like that and will be, I dont bother myself with that anymore. People cry cause exchange got hacked, they lose private keys, they invested in double bitcoin scheme and they cry after when they run away, people still invest in cloud mining. Bitcoin is bitcoin, what someone do is something different and in most cases all of those negative stories are about people who made a mistake, bitcoin stay the same. Governments are just contractors, they have laws and contracts, but tell me what ethereum is for?

[deisik]

but many experts say that prices will return to the previous place, and that also applies in forex, of course for a period that cannot be determined, no one can predict precisely, but my hope for btc will soon recover to the previous price

This is not applicable to speculative assets

It is definitely true with respect to assets which are extensively used in the real economy. For example, crude oil is one of these assets and its long-term price is determined by that use. As oil production can't change dramatically and neither can its consumption, the market price of crude oil is bound to return to its average value in due course

But this is not the case with mostly speculative assets like cryptocurrencies whose price is not determined by their real-world use but rather speculation mostly (read, it depends on the whimsy of large-scale speculators). Therefore, it can be any and you shouldn't in fact expect it to be around some average value as there is no such value

[Ucy]

Governments regulating cryptocurrency would automatically turn cryptocurrency into fiat.
Why turn crypto into another fiat currency when you already have fiat currencies under your control.

[Idoe]

Hackers do have a lot of sense to be able to steal, but we must be more clever to deal with this and not to be hacked by irresponsible bitcoin. Private keys must remain safe and away from hackers so that unwanted things happen. The most important condition is when bitcoin is valuable and many hackers are eyeing it.

[Choyor]

The role of government here is very important, meaning that when governments in every country support the existence of Bitcoin, there will be more interest in people to adopt Bitcoin, thus more investors will invest, with the increasing number of Bitcoin adopters and the number of investors, eye demand will increase crypto money that will affect market price movements. and can be sure the future of the crypto currency will be bright.

[eann014]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

As of now we already see some improvements with bitcoin and I am so excited this year will have a great year for cryptocurrency users and also to the market of it as we all know we encounter long dips in crypto and I think this is the year of pay back time! (I hope so)  why not? There is nothing wrong of hoping.

[kyucryp]

I really agree with your opinion. in my country, regulations regarding crypto currencies are limited to having and we can use them as investments. however, regulations for use in transactions are still prohibited. and so far the crypto currency has only been used as a commodity trading in the crypto market as well as shares in general. thus making the value of the crypto currency always change. if the crypto currency has been officially used like fiat money, then this currency will have a stable value.
 

[Betwrong]

People have been getting hyped for smallest changes and getting sad about the smallest drops so we need to figure out a way to reach out to people who think bitcoin cares about couple hundred dollar changes because it doesn't.

The moment we can make people realize about the "resistance" levels and where they are than we can actually make a difference. When bitcoin goes to $4200 or so people are hyped about the increase but they do not push it a bit forward, they just go "aw it went back down again" well it did because you didn't push it hard enough.

If we can somehow manage to break that resistance we can actually go as high as $5700 without any challenge on our path but we never really get together and break that 4200 barrier anywhere. If we can get together all of us bull seekers and use our money to break that $4200 even in one exchange the arbitrage bot traders will take care of the other places anyway.

What you suggest to do is a pump, and even if it was possible to do the effect of it would not last long without an influx of new adopters. But first of, it's hard to imagine that this is possible for us to perform. How many Bitcoins do you think we can buy if we summon up all our strength? Looking at the current daily trading volume, 4,343,805 BTC, and at the volumes of major exchanges, we can see that something we can call a significant amount should be around 100,000 BTC, an amount that a whale can sell in a minute.

The good news is that Bitcoin is now traded at over $5,000, and this is happening not because someone or a group of people are pumping it, but rather because the amount new adopters can buy is greater than that what whales can sell.

[arifteguhr]

Hackers are tireless, they always take the opportunity, an important moment with security, safe exchanges are always coveted by everyone who wants to trade. The stock exchange must be safe and the government that accepts crypto will certainly still support and search for the hacker to get the punishment. Crypto must be able to grow and be far from hackers.

therefore now hackers are aiming for a lot of our assets so what we have to do is how we use strong security so that our assets are destroyed or our assets are not hacked

[Lpim01]

Hackers are tireless, they always take the opportunity, an important moment with security, safe exchanges are always coveted by everyone who wants to trade. The stock exchange must be safe and the government that accepts crypto will certainly still support and search for the hacker to get the punishment. Crypto must be able to grow and be far from hackers.

therefore now hackers are aiming for a lot of our assets so what we have to do is how we use strong security so that our assets are destroyed or our assets are not hacked

A repetitive mistake we do will certainly lead them to take control of our accounts and loss everything we have. No matter how strong our keys, even though we put it in safe vault but still could have chances hackers will rig them all. That's because we use internet and their is a risk in using this one, make a way to be careful to to avoid from being caught with them.

[Cherylstar86]

Hackers are tireless, they always take the opportunity, an important moment with security, safe exchanges are always coveted by everyone who wants to trade. The stock exchange must be safe and the government that accepts crypto will certainly still support and search for the hacker to get the punishment. Crypto must be able to grow and be far from hackers.

therefore now hackers are aiming for a lot of our assets so what we have to do is how we use strong security so that our assets are destroyed or our assets are not hacked

   Hackers will find ways to track down the account of irresponsible users, because  we are communicating through the internet and it is visible for them to break the code, or even if it is located in a safe vault, a big chances it will hack is possible because they are eager to steal your btc, as its value started to pump again.

[tarable]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

Well, you need not to be optimistic about the fact that what Happened to Bitcoin in 2017 cannot repeat itself before end of this year. This is because anything can happen in crypto currency market just the way no one really predict what happened in 2017.
General adoption of crypto currency should be our main focus and not for a single individual or cooperation to invest large sum of money to bush the market forward as that will be for a short time increase since they can decide to change their minds on the other way round and take profit and there by taking us back to we are before the increase.

Crypto is capable on both sides either they would be gradually adopted and having s slow pace increasing price or a sudden spike or pump into its price.So, its really hard to point
out if the price is already on that state.

We cant really conclude nor presume that movement of prices would be similar on what we have seen on previous years but atleast we have seen that BTC is capable on reaching
those points.

but many experts say that prices will return to the previous place, and that also applies in forex, of course for a period that cannot be determined, no one can predict precisely, but my hope for btc will soon recover to the previous price

I hope also like you, hopefully Bitcoin can come back like last year, the problem is that from 2018 to the same time, there have been many people who suffered the price in 2018. and my hope in the coming year that bitcoin can achieve high scores again