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Actually, it is not very few number of noobs in cryptocurrency business that comprehend the level at which patience is required and important in the business. It may be a cliché, but there is truth behind the line Patience is the virtue, especially in business. Running a business is not for the faint of heart, and not for the impatient either. Even if you have a great product or service, great process, and great employees, your business will require you to stay committed for the long-term. I got a few coins couple of weeks back, which I chose to hold while it was plunging however I continue holding with zero dread and just absolute patience. My advice to my colleagues is all you need is buy into coins with good potential like bitcoin and relax even while its at dip. Presently, im In over 30% profit in all.
It is needed not only in the crypto world but also in real life. It is neccessary because we all know that there is no instant in life, we need patience to achieve what we dreamed of, we must work for it and wait for the right time to take the bigger step.If the opinion of Robert Schiller is seriously taken into account by investors from around the world, it is simply because he was the Nobel Prize in Economics in 2013. But when it comes to talking about Bitcoin, man does not chew his words. He is not seized by the craze that surrounds crypto-currencies for several months now.
Mr Schiller believes that Bitcoin is a speculative bubble that will end up exploding, even if in itself this virtual currency should not disappear.
Let them be. Let them say that bitcoin is a bubble. We known what we've have here, especially blockchain. Blockchain can be the world's new technology that can help a lot in different economy. Mr Schiller believes that Bitcoin is a speculative bubble that will end up exploding, even if in itself this virtual currency should not disappear.
Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
New technologies spreads too fast especially when it is efficient and beneficial to its users. It can adopt easily with the new trend and can also be unique to their own ways. Bitcoin is going faster and faster then slowly then faster then slowly again everyday, we can't predict what will may happen. As long as we believe in it, coins will be greater forever. I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.
I think there is nothing wrong with bitcoin or needed to fix with it. Bitcoin has a very high maintenance system and the fluctuations of price is cause by the demand that is normal and one characteristics of bitcoin. Re: What Ways you are using to Promote bitcoins in you Locality?
Probably, Bitcoin price is the best advertisement. It's enough to say how much bitcoin price rised in 2017.
Accepting Bitcoin is also good thing. Offcourse, you will not find many people who will pay with Bitcoin. But when they will see that you accepting Bitcoins, you will get many questions about it. And you will be able to advertise all benefits of Bitcoin by answering their questions.
I don't think it's very good idea to show your Bitcoin earnings. I prefere to keep my financial situation in private.
I sometimes getting questions about Bitcoin, mainly about investing. And I just recommend to stay away from cloud mining and similar investment programs. I don't want that people from my community would loose btc by investing it.
I have seen many ways to promote bitcoin in different locality, but the best way I'm thinking of is spreading the news to talk to the business owners. They can promote the news very fast. Accepting Bitcoin is also good thing. Offcourse, you will not find many people who will pay with Bitcoin. But when they will see that you accepting Bitcoins, you will get many questions about it. And you will be able to advertise all benefits of Bitcoin by answering their questions.
I don't think it's very good idea to show your Bitcoin earnings. I prefere to keep my financial situation in private.
I sometimes getting questions about Bitcoin, mainly about investing. And I just recommend to stay away from cloud mining and similar investment programs. I don't want that people from my community would loose btc by investing it.
Re: Do you have an expectation of bitcoin recovery from fallen?
I still believe that bitcoin will recover from fallen,and it will grow up to the higher again.how about you?!
I will always believe and trust that bitcoin will recover from this disaster. Its price will rise up again from dump and it will be more higher and valuable this time. Bitcoin will become more powerful when this day comes. Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
Just because users of bitcoin don't pay their taxes while spending and investing money it doesn't also means that it has a huge effect to the economy. People don't always pay taxes for all the things that they always do, using cryptocurrencies can't be that powerful bad effect unless all people in the world uses it. Wow, bitcoin price is increasing everyday at lightening speed!
Are you not afraid someday 1 bitcoin will become currency for the rich dudes?
I know we all want to buy and save more bitcoins in pieces, but the way bitcoin price is going are we really going to keep up?
Edit: I'm talking about owning BTC1 or BTC2... I know people can buy satoshis and save in their wallets.
What do you think, guys?
Bitcoin is not only for the rich people. All person can have a fraction of bitcoin, even if it's not 1 bitcoin, it still count. It is not necessary to have 1 coin, just buy what you can afford. Number of coins you have didn't matter, what you will earn by your own money, time and effort value. Are you not afraid someday 1 bitcoin will become currency for the rich dudes?
I know we all want to buy and save more bitcoins in pieces, but the way bitcoin price is going are we really going to keep up?
Edit: I'm talking about owning BTC1 or BTC2... I know people can buy satoshis and save in their wallets.
What do you think, guys?
Bitcoin is starting to climb up again. Where do you think think does it end up by the end of the quarter or eventually by the end of 2018.
I'm sure that bitcoin price rise upto $15k or more from the fact that bitcoin is less popular last year than now. Compare from last year, we have more investors and users now, another is big businesses around the world are accepting it. Many countries are recognizing and considered it in their own places. Bitcoin at the present time resembles as a bubble.Once it goes up, it immediately pops out. It is normal that the price of bitcoin gets down but it's been a long time since it is on its original value or higher than its real value. Those who invest these past few months are suffering a lot of loaaes and they are losing hope that bitcoin will continue to drastically decrease in value. Do you have guys some advice for me? It will be really appreciated and I will be eternal grateful.
The best thing to do is hold. Bitcoin is currently doing maintenance itself, and if you already have the lose in investment you have no option but to hold. But don't lose hope, once its done developing itself, market will be more stronger and profitable for all of us. Just be patient and wait for the right time to come. Digital currency is to change the world, many of which were positive, to a certain extent, they pose a containment of the government, gave the people an alternative, but that doesn't mean they don't need to be regulated.
One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.
If every penny of extortion is tracked, is there enough motivation and courage to launch a WannaCry to attack the world?
Cryptocurrencies don't need to be regulate however it is need a regulations to prevent harmful things that may cause lose to the users. Regulations somehow lead bitcoin coins to regulate automatically. One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.
If every penny of extortion is tracked, is there enough motivation and courage to launch a WannaCry to attack the world?
I believe many people are already aware of the bit. And it still hesitated that if you buy a bit will keep losing it? If it is, it will be too late. I do not think I have any guidance. I just want to present many factors to see that. What is the price of bundles it up or down the day it is due to what the problem?
Let's see it. The image below is a copy of the Fibonacci Indicator. I will describe the home language is. The price of time that has occurred, then compared to the future (same as the original) Okay new.
Removing prices from the beginning to the present. To analyze the probability of price in the future.
It sounds so much easier. But everything is just an analysis. There may be other factors involved that can not be predicted for the future. However, we know that the chances of a price going up there are possible.
The Basics of Bit Coin You Should Know
1. The first is that the number of coin coils is limited to 21 million BTC. Over time, the number of BTC coins that have been mined. Or take longer to dig. But the demand for bitcole is very high. This also affects the price as well as economics. I can not add it.
2. Confidence in the price of bit coincidence of investors. It is believed that the price of a coil is unlimited. Maybe up to 10,000 Cc coin or more.
3. Using bitcoin Instead of a payment system. And person-to-person transfers. Or even international money transfers, which you will pay very little. And fast. Can you buy a house or car with a bit? Or even pay employees in the company with bits.
4. The confidence of the people. Interested in digital currency And buy it for speculation. See last year. More trading. There are more markets for trading in the country, as well as merchants or shops using bitcoins to pay for goods and services.
5.The popularity of Bitcoin. Nowadays many people know more about coin coin. As we have seen in many countries, Bitcoin is one of the investments. And some countries are trying to push the use of bitcoin can be legally spent.
6. Bitcoin's price It is independent of the economic indicators of the country. It will be seen that the news about the state of the country will not affect the price of Coyle.
7. The average Halving incident every four years is a reduction in the number of digs awarded in half. This results in less supply.
8. Independence in trading If you want to trade, you do not have to trade at the Exchange Exchange. Unlike stock or Forex, Broker must be an intermediary.
9. The key to keeping the price down is flash crash. The market is hacked. This makes it hard to trust. The history of the previous Mt.Gox from Japan or Bitfinex of China has been hacked, resulting in the price of bit fell several points. And finally, confidence begins to return.
The future of bitterness affects the world.
Now, a bit more is happening. As you know, the whole world is tied to the dollar. Many countries that are trying to free themselves from the mega are trying to find a way to make their own country not be struck by the economy of the Mega. If the future is good. There are some countries that have used BIT as the main currency of their own country. I believe that day. Those who are prepared will have an advantage.
You may be like a dystopian, but that's about the future. But now I'm starting to see a lot of bits in some countries. There are even ATMs to wait.
There are still a lot of Exchange markets with over 50% market capitalization in China, as many people know China has been cold war for years. Trying to push gold prices for a long time. The price of gold is not significant. Aftermath from Europe, many people know. I do not know what China might have been. เล่นคาสิโนบนมือถือ
Too late?
If you look at bits as VI shares in the future fall to you or anyone in the world will have to use, I see that it is not too late. Bit is designed to be used from today until next. If you use a bit, you will know that the bit is not too late. There are many other ways to invest with a bit of profit. However, there are two aspects to study the information well. Lactate
Well If you want to earn in bitcoin then you can buy it anytime. Its price is always raising but on the other hand it also drops, your profit depends on how patient you are, the longer you wait the higher the income will be. Bitcoin is all about risking but don't panic because of dumping and pumping, just be cool and wait for your money to profit. Let's see it. The image below is a copy of the Fibonacci Indicator. I will describe the home language is. The price of time that has occurred, then compared to the future (same as the original) Okay new.
Removing prices from the beginning to the present. To analyze the probability of price in the future.
It sounds so much easier. But everything is just an analysis. There may be other factors involved that can not be predicted for the future. However, we know that the chances of a price going up there are possible.
The Basics of Bit Coin You Should Know
1. The first is that the number of coin coils is limited to 21 million BTC. Over time, the number of BTC coins that have been mined. Or take longer to dig. But the demand for bitcole is very high. This also affects the price as well as economics. I can not add it.
2. Confidence in the price of bit coincidence of investors. It is believed that the price of a coil is unlimited. Maybe up to 10,000 Cc coin or more.
3. Using bitcoin Instead of a payment system. And person-to-person transfers. Or even international money transfers, which you will pay very little. And fast. Can you buy a house or car with a bit? Or even pay employees in the company with bits.
4. The confidence of the people. Interested in digital currency And buy it for speculation. See last year. More trading. There are more markets for trading in the country, as well as merchants or shops using bitcoins to pay for goods and services.
5.The popularity of Bitcoin. Nowadays many people know more about coin coin. As we have seen in many countries, Bitcoin is one of the investments. And some countries are trying to push the use of bitcoin can be legally spent.
6. Bitcoin's price It is independent of the economic indicators of the country. It will be seen that the news about the state of the country will not affect the price of Coyle.
7. The average Halving incident every four years is a reduction in the number of digs awarded in half. This results in less supply.
8. Independence in trading If you want to trade, you do not have to trade at the Exchange Exchange. Unlike stock or Forex, Broker must be an intermediary.
9. The key to keeping the price down is flash crash. The market is hacked. This makes it hard to trust. The history of the previous Mt.Gox from Japan or Bitfinex of China has been hacked, resulting in the price of bit fell several points. And finally, confidence begins to return.
The future of bitterness affects the world.
Now, a bit more is happening. As you know, the whole world is tied to the dollar. Many countries that are trying to free themselves from the mega are trying to find a way to make their own country not be struck by the economy of the Mega. If the future is good. There are some countries that have used BIT as the main currency of their own country. I believe that day. Those who are prepared will have an advantage.
You may be like a dystopian, but that's about the future. But now I'm starting to see a lot of bits in some countries. There are even ATMs to wait.
There are still a lot of Exchange markets with over 50% market capitalization in China, as many people know China has been cold war for years. Trying to push gold prices for a long time. The price of gold is not significant. Aftermath from Europe, many people know. I do not know what China might have been. เล่นคาสิโนบนมือถือ
Too late?
If you look at bits as VI shares in the future fall to you or anyone in the world will have to use, I see that it is not too late. Bit is designed to be used from today until next. If you use a bit, you will know that the bit is not too late. There are many other ways to invest with a bit of profit. However, there are two aspects to study the information well. Lactate
Re: What will happen with Bitcoin if it never scales?
I believe that the scaling problem of the bitcoin that exists nowadays is just because of the fights that they have over the access to this cryptocurrency and the way to control it.
Bitcoin developers and other professional users are aware of this phenomena and they are working seriously together to overcome this problem. They know they must do something, they can't let other coins overpower bitcoin that easily. I hope and believe that they are doing their best to make bitcoin better again. Re: What will happen with Bitcoin if it never scales?
What do you think that might happen with Bitcoin if no scalable solution becomes accepted?
Will it remain as a store of value, while other altcoins take the lead for everyday transactions? Or will another cryptocurrency take its place as the top in marketcap?
I would like to know your thoughts about this, as the ongoing scaling debate will further limit Bitcoin from reaching new heights. As for me, I believe that the Bitcoin community would come up at a resolution somehow to put an end to this issue, and make the pioneer cryptocurrency great again. What do you think?
Maybe bitcoin can be no longer use in other ways but investing in it is still a good idea. It is a valuable asset that most of the users used it as an investment than to use it in their daily life. Price will sooner or later come back after this phenomenon. Will it remain as a store of value, while other altcoins take the lead for everyday transactions? Or will another cryptocurrency take its place as the top in marketcap?
I would like to know your thoughts about this, as the ongoing scaling debate will further limit Bitcoin from reaching new heights. As for me, I believe that the Bitcoin community would come up at a resolution somehow to put an end to this issue, and make the pioneer cryptocurrency great again. What do you think?
What blogs or channels do you prefer most when you need to get knowledge about crypto, wallets and crypto market? Just found hacker noon on medium and CCN website:) Can you share more?
You can just read, search, and think where you and your money getting into. It's really helpful to have a list of youtube channel and Google websites in you, but did you try diving here in this forum? Exploring here can give you different knowledge at different area of the whole bitcoin. You are good because you are trying to spend more time and effort to learn more bitcoin and I adore you for that. Re: What do you mean when you say Bitcoin is number 1
We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1
For me, bitcoin is the number one because it is the best among the rest when it comes to money transfers, security and investments. All of this and another advantages are all inside bitcoin, it is the most popular and most trused cryptocurrency so people choose to pick it in many ways and still sits on its throne. - Store of value
- Services in addition to simple money transfer
- Convenience
- Security
- Investment/speculation
- Safe transfer speed
- Privacy
- Freedom from globalist control
- Other
Lets give our own opinions in this thread and let's see what are the visions of any users here on forum on what are the things than can affect bitcoin community and value to improve more 
So i'm the maker of this thread i'm the first who gives opinion here.
My opinions are:
- Spreading good informations about bitcoin can make it improve.
- If big business will accepts bitcoin or enter bitcoin industry can improve our community because the more investors the more blessings to come
- Helping newbie investors to prevent scams can help our community because if they see bitcoin in their first invest are scam they would lose their trust in this kind of investment so as soon as possible help newbies to start in bitcoin journey.
These are my opinions on how to improve Bitcoin community so what's yours?
One simplest way you can do to improve bitcoin is to invest while you can. Don't spread fake news and avoid things that can negatively affect bitcoin. Always confirm the news you hear before giving it to others. So i'm the maker of this thread i'm the first who gives opinion here.
My opinions are:
- Spreading good informations about bitcoin can make it improve.
- If big business will accepts bitcoin or enter bitcoin industry can improve our community because the more investors the more blessings to come
- Helping newbie investors to prevent scams can help our community because if they see bitcoin in their first invest are scam they would lose their trust in this kind of investment so as soon as possible help newbies to start in bitcoin journey.
These are my opinions on how to improve Bitcoin community so what's yours?
Re: Which is more risky? Bitcoin or bank investment?
Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.
What do you guys think?
Bitcoin is more riskier than bank investment, but we all know that it is all worth it. Bank investments can't never earn the profit like we do in bitcoin so even it is dangerous we are ready to risk all. What do you guys think?
In the G20,approval of the Bitcoin is 15 countries,more than the half,
in this view,we still have the faith in Bitcoin,
at the moment,maybe someone said the death of Bitcoin is in the China,because the China is the only one who makes Bitcoin illegal,
So,the death of the bitcoin will come ture ?
what is your predict about the future of the bitcoin?
Numbers are growing and the growth of the bitcoin makes it the most reliable crypto in the world that investors are interested in. At this time, bitcoin and its currencies alike will be in more stable level, I think and I hope that bitcoin will still be on top in the market of our future. in this view,we still have the faith in Bitcoin,
at the moment,maybe someone said the death of Bitcoin is in the China,because the China is the only one who makes Bitcoin illegal,
So,the death of the bitcoin will come ture ?
what is your predict about the future of the bitcoin?
If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.
Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.
It is because bitcoin even in its critical state can give a profit for all of us. There's a lot of ICO's project going out there and it is giving us a chance to get earnings from every of it, however, bitcoin users known the risk when they'd start investing on it. It is like a gamble and you must just play the money you are ready to lose. Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.