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More than anything. Crypto currency's weakness as a means of exchanging goods and services is its volatility. A volatile currency won't be adopted by merchants in their businesses. But tthe same volatility is the advantage of crypto currency as an investment. I just hope it becomes stable soon so we can see adoption.
Volatility is not a weakness because in this way the price can grow even more depending on the supply and demand so we can expect higher prices in the future since the statistics in the market is increasing in a fibbonacci sequence.
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BoardEconomics
Re: what is the future of virtual currency like bitcoin ?
As a digital payment system virtual currency has its own reputation. Bitcoin raised as strong virtual currency in 2010. Todays global currency is developed in different way and comparing with others currency bitcoin is like more valuable than gold. Good reflection and better control system can make more valuable in economic sector. now by the help of bitcoin selling and buying system is easier than other transection. At age of technology we can collect or hire so many proficient worker for the purpose of different sectors development and then we can provide their salary through bitcoins because of its popularity. On above this conversation we dont need to worry about future of virtual currency or bitcoins.
Bitcoins will grow even more in the future because there are a lot of people who are interested today in bitcoins and altcoins so we can expect higher prices in the future.
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BoardEconomics
Re: Why do you think the market is down right now?
is it trouble in some countries in ASIA with laws and regulations?
Most of the people are selling their coins at its lowest price due to their emotions when the prices are dumping, but it was not a bad thing since you can still invest in a cheaper price in order to earn more profit in the future.
World is now leading by different entrepreneurs who are continuously innovate new thing for contributing the world for removing poverty and fight against superstition. Entrepreneur find those skill and proficient people who are deprive of opportunity and provide sufficient work through she or he can lead a perfect life. Now world is like a global village and people can recognize them by their own specialty. Now through this currency a entrepreneur can find actual worker who can do this task according to their expectation. Even they can transfer this currency after completing actual task from one place to another place. So i think it can be a choice for investment for entrepreneurs.
Bitcoins is very important to entrepreneurs because in this way they can have more income in order to pursue their own business or dreams they want to do in the future.
Yesterday we saw BTC was pumping. But again it is going down. Any news behind that? I thought it will break 10000$ around coming days. The BTC is the legend and can't think BTC will replace by other coins. What would be hope you guys the BTC price at the end of this year?
It was normal for the price of bitcoins to drop because some of the people are not good enough to hold their coins since they are selling their coins based on their emotions.
I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500 every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's the main reason this market won't be there for long. Because it's basically a pyramid scheme.
Selling everything right now is a very bad idea because the market prices today is dropping so hard and the best thing to do is just hold your coins and be patience enough to wait for the price to market to pump up again.
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019. He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
In my own opinion you should only sell your car for cryptocurrency if there is an assurance that the price of bitcoins will pump immediately soon, in order to surely earn profit in the market and not losing the price of your investments.
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019. He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
Selling your car to buy bitcoins is not necessary because you can still work on bounty campaigns here in this forum in order to earn more income in the market, that is the reason why people prefer to work in this forum rather than working in the corporate world.
Although bitcoins is highly volatile we can see that over the last 6 months the trend of bitcoins price is not what investors would like. It seems that bitcoin may in the future become a legitimate currency but with the trend of the price of BTC so far it is more likely to stay that way or dip further yet bitcoin has paved the way for other cryptocurrencies and this could be a major turn point for other applications that cryptocurrencies can offer.
Bitcoins will never go down to $200 dollars, that is the reason why you should invest even more in order to make more profit in the market while it was still low.
Yesterday we saw BTC was pumping. But again it is going down. Any news behind that? I thought it will break 10000$ around coming days. The BTC is the legend and can't think BTC will replace by other coins. What would be hope you guys the BTC price at the end of this year?
Bitcoins will always go down depending on the market price and that is the reason why you should invest early just like today in order to earn more profit when the market starts to pump up again.
I couldn't wait any longer and jumping into cryptocurrency pretty late. I understand I have invested at the high end as of late, but with the rapid growth over the last several weeks I would be a fool not to jump in.
What are the predictions of the bubble before it bursts and drops back down?
Also, I imagine it should become my goal, as an investor, to actually use the bitcoin for what it was created to do. Peer to Peer purchasing in a free market, not relying on the banks or 3rd party taking their cut. Where can I begin actually using bitcoin to purchase normal household items?
You can always join cryptocurrency in the market, that is the reason why there are a lot of people today who are still investing every time the market price is dropping because they knew that bitcoins is very profitable depending on the situation in the market.
In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
You should be greedy depending on the market situation and the price right now is very low so you should invest a huge amount in order to take advantage of the current situation.
If in trading apply fast trading strategy, What obstacles are constraints and weaknesses?
If you are intending to invest a huge amount then you should buy fast right now because the price is very low and all you have to do is be more patient about the current price because it will still grow eventually when the demand in the market increases.
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
There are exchangers that does not have a good security and reputation so it was better to use different coins to avoid losing all your investments if the problem occur on the exchanger you are placing your coins.
I bought tons of bitcoin when the price was at 3k$ and then sold at about 17k$, I made profits then, but now I don't think that the price can go up again... Will it?
In my own opinion, it was not bad if the market prices are going to drop because you can still invest a huge amount while it was low in order to earn more profit when the market starts to pump up again.
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BoardSpeculation
Re: Crypto Market Will ‘Absolutely’ Grow 1000x and More
yes of course you have to be able to invest bitcoin right now by buying as much bitcoin as you can, so you don't buy and miss the golden opportunity. having bitcoin is very profitable and can make you rich if you can use bitcoin well.
Yes you should invest right now due to the market prices that is dropping so hard and you have the opportunity to invest a huge amount today in order to earn more profit in the future when the market starts to pump up again.
Most probably in this section are users that are interested mostly in Economics, so I want to know why Economics attracts you?
Economics is good to know in order to determine what is happening on our own economy and why inflation rate is increasing or decreasing in the current system.
We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
Bitcoins can make you rich in just a few months if you are a daily trader, that is the reason why i focus earning cryptocurrency today since i can make more money in this industry more than in the corporate world.