Experts On Bitcoin

[George Alex]

I have Read some opinions from other Expert I think it will be good to share

1.The Bitcoin protocol has immense intrinsic value as a self-regulating frictionless payment network affordable to almost anyone.

2.Through rose-tinted glasses, Bitcoin can do no wrong. It is a currency that is free of central bank control, is decentralized, and it has proven that it can serve as a store of value for people

3.As a fee-only financial planner, I have a fiduciary responsibility to my clients to only recommend investments that are suitable to their specific investment plan and risk profile.
4.Currently, Bitcoin is a virtual and decentralized currency used to trade for goods and services, not backed by any government, company, or organization.

5.Think of the implications of a currency that has no borders, bars no one from entry,

Read More ::https://www.tradingacademy.com/financial-education-center/financial-professionals-share-their-opinions-on-bitcoin.aspx

What are Your opinions?

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[bitgolden]

I’m very happy that a lot of people are getting to know about Bitcoin and not just about knowing it, they are also starting to accept and make use of it. I believe that as time goes on more people will soon join. I have seen people that said Bitcoin has failed because they no longer see the hype surrounding it.

You don’t need to be told that Bitcoin is still strong growing because when you compare the current price to what we had before you will see that the price keeps growing every year and that shows that a lot of people are accepting it. Maybe we will get to a stage when the price might become quite stable, but that’s probably going to take so many years.

[BrewMaster]

You don’t need to be told that Bitcoin is still strong growing because when you compare the current price to what we had before you will see that the price keeps growing every year and that shows that a lot of people are accepting it. Maybe we will get to a stage when the price might become quite stable, but that’s probably going to take so many years.

bitcoin being strong or not and growing or not should always be about its network and its adoption and not its price. bitcoin is strong and growing because the security of it is increasing every day and on top of that the adoption is growing non stop even during the FUD season.
otherwise the price is going to continue fluctuating as long as the market size is small. but whenever we zoom out we will always see growth in price too.

[Sayma83]

There is always a sense of Bitcoin in my mind, the fact that Bitcoin is not run by a bank or a person is true, that nobody can influence the price of Bitcoin, but today I will say something else, although everyone thinks that Bitcoin. No one has a hand in its worth, but I'll tell you about it! Although many may be surprised to hear that, but this is really - one of the reasons I say that if you are a Billioner, then it is possible for you, how can I even say - suppose Bitcoin is 1 million in the market, now you are 70% off that 1million bitcoin. If you have the money to buy, then I would say that you can control the Bitcoin market. So I said in a word that it is much easier to reduce the Bitcoin's attractiveness by those who have Billioner. Jast it is my opinion about Bitcoin.BTC Thank You

[Gozie51]

otherwise the price is going to continue fluctuating as long as the market size is small. but whenever we zoom out we will always see growth in price too.

Fluctuations is because of lack or control. You can't control what happens in bitcoin market and I can't too and so anybody can decide how much bitcoin to sell or withdraw but there is fiat restrictions like dollar or euro.. On the second side, when you say zoom to growth, how do you mean ?

[Leonardo7]

Borderless peer to peer and a decentralized payment of the bitcoin innovation is one proof that more and more persons will be willing to using it even though if they choose not to consider it now as a store of value because of its volatile nature.

[BrewMaster]

otherwise the price is going to continue fluctuating as long as the market size is small. but whenever we zoom out we will always see growth in price too.

Fluctuations is because of lack or control. You can't control what happens in bitcoin market and I can't too and so anybody can decide how much bitcoin to sell or withdraw but there is fiat restrictions like dollar or euro.. On the second side, when you say zoom to growth, how do you mean ?

fluctuations and volatility is not about control or lack of it. it is all about the size of the market. you can understand this by simply comparing two markets that you have  definitely seend. bitcoin and a small altcoin with daily volume of less than $500. the bitcoin market (big market in this example) can not be manipulated if you have $2000 but you can easily manipulate that altcoin.
volume is only one indicator, the other more important one is how packed the order books are. in bitcoin we still don't have full enough order books to be able to resist manipulations and panic buys/sells. that is why we see giant price rises and falls during scary times!

by zoom i mean looking at the charts for at least a couple of years instead of looking at them for a couple of months.

[kryptqnick]

otherwise the price is going to continue fluctuating as long as the market size is small. but whenever we zoom out we will always see growth in price too.

Fluctuations is because of lack or control. You can't control what happens in bitcoin market and I can't too and so anybody can decide how much bitcoin to sell or withdraw but there is fiat restrictions like dollar or euro.. On the second side, when you say zoom to growth, how do you mean ?

I think BrewMaster is right on both accounts. The first is that the price is volatile, but there's a chance it will become a thing of the past if there are more people in this community. If there are, say, 20 million active Bitcoin users that make transactions regularly, and there's some FUD, some people will react. But if there are 200 million active users, there's more chance that the majority will keep calm and the price will remain stable. Oh, and market manipulations, in general, will become way more difficult. As for the second point, I think it's about seeing Bitcoin's price throughout the years. Some years are worse than others, and there are some drawbacks, but Bitcoin's price went from dollars to hundreds to thousands.

[Sanugarid]

otherwise the price is going to continue fluctuating as long as the market size is small. but whenever we zoom out we will always see growth in price too.

Fluctuations is because of lack or control. You can't control what happens in bitcoin market and I can't too and so anybody can decide how much bitcoin to sell or withdraw but there is fiat restrictions like dollar or euro.. On the second side, when you say zoom to growth, how do you mean ?

I guess it is unnecessary to talk about control when it is decentralized network in the first place. Fluctuation is due to speculation that comes from every one of us, investors and traders, the price is determined by speculation plus action, so the if the speculation is strong then we will be seeing a high price too. The 'zoom out' or 'growth' he is saying is probably the size of the cryptocurrency itself, once we get bigger most obviously we will be seeing a higher price than most of us thought in the beginning.

[Debonaire217]

Perhaps, not all of the opinions of people even experts is true. Because before, I knew bitcoin as a currency that will provide me the absolute anonymity, wherein, no one could track my transactions, and I've heard some good people tell its characteristic as anonymous peer to peer currency. - as time passes by, I realized that with the wallet that I am currently using, it leaves my identity with it, through posting it online on platforms that aren't private. I am still grateful because with this only one flaw bitcoin has proven to me, I am benefiting with bitcoin as a digital currency compared to fiat and physical money.

[Wenbing]

I have Read some opinions from other Expert I think it will be good to share

1.The Bitcoin protocol has immense intrinsic value as a self-regulating frictionless payment network affordable to almost anyone.

2.Through rose-tinted glasses, Bitcoin can do no wrong. It is a currency that is free of central bank control, is decentralized, and it has proven that it can serve as a store of value for people

3.As a fee-only financial planner, I have a fiduciary responsibility to my clients to only recommend investments that are suitable to their specific investment plan and risk profile.
4.Currently, Bitcoin is a virtual and decentralized currency used to trade for goods and services, not backed by any government, company, or organization.

5.Think of the implications of a currency that has no borders, bars no one from entry,

Read More ::https://www.tradingacademy.com/financial-education-center/financial-professionals-share-their-opinions-on-bitcoin.aspx

What are Your opinions?

The basic philosophy and ideology behind crypto according to Satoshi Nakamoto is the collection of trust from the traditional reserve bank to the public.

So, to do this we need a technology called cryptography and blockchain. So at the end of the day, its technology that'll make the above points you've mentioned possible.

[abuya55]

Perhaps, not all of the opinions of people even experts is true. Because before, I knew bitcoin as a currency that will provide me the absolute anonymity, wherein, no one could track my transactions, and I've heard some good people tell its characteristic as anonymous peer to peer currency. - as time passes by, I realized that with the wallet that I am currently using, it leaves my identity with it, through posting it online on platforms that aren't private. I am still grateful because with this only one flaw bitcoin has proven to me, I am benefiting with bitcoin as a digital currency compared to fiat and physical money.

Absolutely agree, we can't believe 100% any Bitcoin expert. The only trustworthy "opinion" about Bitcoin is the white paper.

[tbterryboy]

Yup, Bitcoin is really good as an investment if you have plans to invest in it for a long term. Another thing is that it's always good to know when you should invest, because if you invest in the wrong time, you might still be losing money after holding it for a long term; you can imagine those that invested their money around 2018 when the price of Bitcoin crashed to a low price. Till now a lot of those people have not been able to recover the money they lost in Bitcoin.

So, it's good to make proper plans, and know that situations such as what we have seen this year, can happen any time, though I don't pray for it to happen again.

[n0ne]

With bitcoin and other cryptocurrencies market prediction we cannot find an unified view from the experts. There'll be experienced market movement observers, but his view will be different. The same won't happen with stock market, experts have the same view. This shows how unpredictable is the cryptomarket. If I'm right, it is good to consider the experts view as a reference and make our own market predictions.

[mahilchii]

Yup, Bitcoin is really good as an investment if you have plans to invest in it for a long term. Another thing is that it's always good to know when you should invest, because if you invest in the wrong time, you might still be losing money after holding it for a long term; you can imagine those that invested their money around 2018 when the price of Bitcoin crashed to a low price. Till now a lot of those people have not been able to recover the money they lost in Bitcoin.

So, it's good to make proper plans, and know that situations such as what we have seen this year, can happen any time, though I don't pray for it to happen again.

I understand that you are saying to invest when the BTC price goes down? If this is the point I think even now it's a great opportunity to invest in BTC now right???

Just have a look at last month BTC price came around 5k and this is the best opportunity I feel to make quick money in short term, and I believe there is few more time left to Invest now as halving is nearing I hope the price will reach atleast 10k...

[EdvinZ]

As they say-how many people, so many opinions. But it is undeniable that Bitcoin does not leave anyone indifferent. It has many supporters and just as many opponents, which means that Bitcoin is of interest to people. Whatever it is, but cryptocurrencies have brought something new to the financial sphere and one way or another it has to be reckoned with. Although to be fair, it is worth noting that for 10 years of existence, Bitcoin still occupies a negligible part of the volume of the world economy.

[skiorf]

Because before, I knew bitcoin as a currency that will provide me the absolute anonymity, wherein, no one could track my transactions, and I've heard some good people tell its characteristic as anonymous peer to peer currency. - as time passes by, I realized that with the wallet that I am currently using, it leaves my identity with it, through posting it online on platforms that aren't private.

The wallet that you use can indeed be traced who the owner is, with a note if you've ever posted it on your social media or your Bitcointalk account.

Actually you can make a personal wallet that is not associated with any account and not publish it.
One disadvantage of bitcoin will be replaced with other advantages. Bitcoin is transparent and cannot be manipulated or deleted from its transaction traces.

[The Cryptovator]

Actually you can make a personal wallet that is not associated with any account and not publish it. One disadvantage of bitcoin will be replaced with other advantages.

Tracing transaction of bitcoin isn't disadvantage really. Have you ever thought that if there is no transaction id then how will you prove that you have sent bitcoin to the receiver? Actually problem is reveal your address to public, otherwise transaction details still will keep your anonymity since anyone don't know who is the behind of this transaction except sender and receiver. To keep safe your privacy, don't share your receiving/sending address with any third person and you should always create new address for receive bitcoin. If you need more privacy then I will suggest use any bitcoin mixer to hide your identity.

[th3nolo]

To be honest all this conversation about it makes me think that we are in the late-majority part, there are already many people who since 2018 until now knew bitcoin but not only for its investment properties, but rather for its anti-censorship, anti-inflation and other properties.

[bithisach]

Borderless peer to peer and a decentralized payment of the bitcoin innovation is one proof that more and more persons will be willing to using it even though if they choose not to consider it now as a store of value because of its volatile nature.

This is EXACTLY the reason I got into crypto to begin with. I love every time people in TV or in the government start to acknowledge the power of bitcoin, be it skepticism or being bullish about it, either way brings a smile to my face because it's a step in the right direction (adoption being that direction)