Search content
Sort by
Showing 20 of 101 results by Elsie123
The last time I did this analysis, gold was a thousand times more expensive than Bitcoin, if we compare the same proportions of total supply. By now, Bitcoin has risen 30-fold, and so gold is only 30 times more expensive.
Of course, I was roundly dismissed for speculating Bitcoin could get anywhere near a six-figure price in dollars. If I was criticized for being too bullish on Bitcoin, today I might be seen as too bullish on gold.
How to answer the question -- where to from here? As I wrote recently, gold is objectively a better money for securing savers' freedom from governments and central banks. So, if the long-term price ratio is 10 to 1 in favor of gold, Bitcoin can still go up 3 times. It'd still be a great return by the standards of any asset, but Bitcoin is not quite as compelling as it used to be.
Especially, many early owners of Bitcoin, now flush with capital, who are also sympathetic to gold, might decide to sell some Bitcoin and buy gold at these prices.
We have to be careful here. This entire analysis was based on the (pretty common) assumption that governments and central banks have nothing to do with gold and Bitcoin prices, and that the future of Bitcoin is to be another limited-supply monetary asset like gold, but at an appropriate relative price. (The reality, at least with gold prices, is of course the opposite.)
So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.) If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.
If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold. The rise of Bitcoin, so far, is consistent with this scenario too. From here on, our thinking might have to change.
For the answer to that question, watch the news closely for the signs!
Gold is better for most "securing savers" but the reasons are not only to be safe from governments and central banks. it's also to secure the funds against the currency losing value. Of course, I was roundly dismissed for speculating Bitcoin could get anywhere near a six-figure price in dollars. If I was criticized for being too bullish on Bitcoin, today I might be seen as too bullish on gold.
How to answer the question -- where to from here? As I wrote recently, gold is objectively a better money for securing savers' freedom from governments and central banks. So, if the long-term price ratio is 10 to 1 in favor of gold, Bitcoin can still go up 3 times. It'd still be a great return by the standards of any asset, but Bitcoin is not quite as compelling as it used to be.
Especially, many early owners of Bitcoin, now flush with capital, who are also sympathetic to gold, might decide to sell some Bitcoin and buy gold at these prices.
We have to be careful here. This entire analysis was based on the (pretty common) assumption that governments and central banks have nothing to do with gold and Bitcoin prices, and that the future of Bitcoin is to be another limited-supply monetary asset like gold, but at an appropriate relative price. (The reality, at least with gold prices, is of course the opposite.)
So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.) If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.
If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold. The rise of Bitcoin, so far, is consistent with this scenario too. From here on, our thinking might have to change.
For the answer to that question, watch the news closely for the signs!
For exchanges, ICOs that collect KYC information, when are they required to send information to the government.
If I remember correctly, in the US if you make a money transaction, such as through Western Union, or bank, $3,000+, within the same day, or smaller amounts during consecutive days, the institution must collect your ID information and Social Security and report it to the government. I forget which entity of the government.
Does that mean that if one participates in an ICO and puts in over $3,000, that gets reported to the government? Or if you move $3,000 out of an exchange, that gets reported?
You know everything is reported to the government if the amount is big enough, it's very hard for a person to keep his identity hidden because every bank transaction is taken care of , and linked to your account.If I remember correctly, in the US if you make a money transaction, such as through Western Union, or bank, $3,000+, within the same day, or smaller amounts during consecutive days, the institution must collect your ID information and Social Security and report it to the government. I forget which entity of the government.
Does that mean that if one participates in an ICO and puts in over $3,000, that gets reported to the government? Or if you move $3,000 out of an exchange, that gets reported?
There was a kind of 'Black Monday' in the US Stock Exchange. The Dow Jones Index fell 4.60 percent. A daily loss was the strongest drop in Wall Street history with 1,175 points. Panic sales jumped into the world, the Japanese Nike index dropped by 5.5 percent ...
I do not particularly like to give disastrous news, but the crisis is in the doorway ...! The American Stock Exchange has not experienced such a decline for a long time.
Is this situation the signals of the crisis or is this crisis going to be skipped in a short time?
We are all waiting with curiosity ....
Besides that, it is very likely that FUDs will stop soon and we might be seeing the bottom of the dump now. Either way I don't care what happens to bitcoin after this day since if it dumps, I will buy some bitcoin again, if it pumps, then I am in for a little profit taking if it pumped enoughI do not particularly like to give disastrous news, but the crisis is in the doorway ...! The American Stock Exchange has not experienced such a decline for a long time.
Is this situation the signals of the crisis or is this crisis going to be skipped in a short time?
We are all waiting with curiosity ....
According to CCN, Bitcoin prices will probably climb after April 17, when Tax Day in the United States is over. Thats what Fundstrat co-founder Tom Lee, a noted bitcoin bull, predicts.
If this is true then. Better buy some bitcoins now as long as is it low. Goodluck guys !
Source: @cryptomeren
EDITED
BULLISH RUN IS COMING AS THEY PREDICTED!
It was early for now ! Hope it will consistently pump 😁
Oh yeah, really? What has that tax issue got to do with the price of Bitcoin? Nah! Nothing. I don't see how apart from people trying too hard to make themselves relevant around cryptocurrency by all means through hypothesis that don't seem relevant. If this is true then. Better buy some bitcoins now as long as is it low. Goodluck guys !
Source: @cryptomeren
EDITED
BULLISH RUN IS COMING AS THEY PREDICTED!
It was early for now ! Hope it will consistently pump 😁
hi guys good morning , way back on 2016 i dont' know what is bitcoin , i don't know that there is such thing virtual money like this and for the past years since bitcoin created , I didn't know that it's running for 10 years untill now , I read bitcoin on "DEEPWEB" , at first i didn't believe it but i do a lot of research after I read it and its really real , I'm so curios how this things work and if I can change my life with this bitcoin stuff. I put a risk on my 100$ money , and i can't believe in my own eyes that this is crazy and you can earn money without doing anything. and now , im earning using bitcoin. it change my life a little bit, with bitcoin I can feel the freedom.HAAHAHAHA
Bitcoin is real and can change your life but not always to be better sometimes bad things happen and you can loose all your money.Many investors lost a lot of money because they invested more than they can afford to loose which is the golden rule here.
I dont know how much more. My $1350 investment is worth $526.78 as of this moment.My coins were BTH, LTC, and ETH.
I think it's not just you, we all feel the same way. but in such circumstances, there is not much I can do. yes, can only wait and always look for various information in every observation. I think the storm must have passedQuote
1. Its gaining mainstream credibility as industry players consider it as the new gold Bitcoin has many of the same qualities of gold, whose value is not controlled by governments.
2. Many investors and finance industry experts are serious about the promise of Bitcoin A large number of mainstream investors and entrepreneurs already consider Bitcoin and other cryptocurrencies as a legitimate asset class.
3. There is only a limited amount of Bitcoin There are only 21 million Bitcoin tokens to be mined and no new tokens will appear until after 2140. This makes Bitcoin a deflationary currency whose value increases naturally with time.
Source here.
2. Many investors and finance industry experts are serious about the promise of Bitcoin A large number of mainstream investors and entrepreneurs already consider Bitcoin and other cryptocurrencies as a legitimate asset class.
3. There is only a limited amount of Bitcoin There are only 21 million Bitcoin tokens to be mined and no new tokens will appear until after 2140. This makes Bitcoin a deflationary currency whose value increases naturally with time.
Source here.
These are interesting big reasons why it is so wise to invest in Bitcoin. I am sure that many people are still doubting Bitcoin whether it can be a good investment vehicle or it is just another risky venture that can collapse anytime. Of course, we know better. So in case someone would be asking you this same question, you just have to enumerate the three big reasons above.
Coinbase CEO believes bitcoin will replace dollar within 15 years.
Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years
Do you think it will be true? Are you positive towards bitcoin's future status?
Claims like this are fun to talk about but little more than good marketing for Coinbase. (Don't get me wrong, I like Coinbase). But no one can say for sure whether bitcoin will have staying power and significance to be considered the world's reserve currency ever let alone 15 years. Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years
Do you think it will be true? Are you positive towards bitcoin's future status?
How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?
Please, share your thoughts. I'm a bit confused about what's happening right now.
Yes we will still have the free market with regulations. When they say about the regulations then they literally mean that its use and the way it is exchanged should be regulated.Please, share your thoughts. I'm a bit confused about what's happening right now.
http://finance.yahoo.com/news/9-ways-kids-smarter-money-100050132.html
This article doesn't talk about bitcoin but it got me thinking how to get kinds interested in bitcoin within the context of appropriate money management lessons. Think of we could teach kinds about it. The growth, the adoption, the inflation and retraction. The allure of the "internet money".
...what other ideas come to mind?
think the basis for the education still goes back and teach how to earn it. Not how to spend it because practically you don't need somebody to teach you how to do that. This article doesn't talk about bitcoin but it got me thinking how to get kinds interested in bitcoin within the context of appropriate money management lessons. Think of we could teach kinds about it. The growth, the adoption, the inflation and retraction. The allure of the "internet money".
...what other ideas come to mind?
So after the fork happened and Bitcoin Cash was created, as of today on CoinMarketCap it shows:
Bitcoin
capital $118,038,167,261
price $6,962.42
circulating 16,953,612
volume last 24 hrs $4,671,340,000
Bitcoin Cash
capital $11,306,077,844
price $663.06
circulating 17,051,288
volume last 24 hrs $286,801,000
On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash? Apart from making very rich bitcoin holding people even more wealthier by creating Bitcoin Cash and adding to their portfolio it seems that there was no need for it. I hear about transactions fees and groups of devs so on being better at Bitcoin Cash but in all honestly what was the point?
Did all those advocating the demise of Bitcoin actually exchange all their BTC for BCH? I doubt it.
To me it seems Bitcoin was always going to come out on top of that battle so why did those whales pushing for the fork really do it and create Bitcoin Cash?
Bitcoin Cash was created with the purpose of "redivision of spheres" of influence and changes of some principles of infrastructure operation in the world of crypto currency. In the future, the original bitcoin will develop faster than fork. Bitcoin
capital $118,038,167,261
price $6,962.42
circulating 16,953,612
volume last 24 hrs $4,671,340,000
Bitcoin Cash
capital $11,306,077,844
price $663.06
circulating 17,051,288
volume last 24 hrs $286,801,000
On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash? Apart from making very rich bitcoin holding people even more wealthier by creating Bitcoin Cash and adding to their portfolio it seems that there was no need for it. I hear about transactions fees and groups of devs so on being better at Bitcoin Cash but in all honestly what was the point?
Did all those advocating the demise of Bitcoin actually exchange all their BTC for BCH? I doubt it.
To me it seems Bitcoin was always going to come out on top of that battle so why did those whales pushing for the fork really do it and create Bitcoin Cash?
In recent months, the market has dropped a lot. Many people's portfolios have fallen by 50 percent, and the answer is basically waiting.
We can sell it at a higher price and buy when it goes down.
I think we'll lose a little bit less, better than nothing.
I'm not one of those people, but I think that some of them think that just because the price has thus far always recovered, rebounded and spiked higher, it's the safer bet to just hodl than to try to guess which way the market is going to go. We can sell it at a higher price and buy when it goes down.
I think we'll lose a little bit less, better than nothing.
Why Should I Choose Bitcoin ??
It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :
1-Quick transactions Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure As we have seen with late hacks on general retailers disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients dont surrender private data.
5-Much More Easier Bitcoin is Much more easier rather than we think.Means to say Its Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !
they'd have to discount seriously heavily to incentivize a customer to go through all the hassle of obtaining it. they often don't have a large amount of margin to play with for the stuff that people really want so I don't see where big enough savings could be made. It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :
1-Quick transactions Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure As we have seen with late hacks on general retailers disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients dont surrender private data.
5-Much More Easier Bitcoin is Much more easier rather than we think.Means to say Its Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !
Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?
The most probable reason i can think of about why people say gold is still better compared to bitcoin is the fact that gold has form. It's physical, tangible and precious that has been around for the past several years.i just check old posts in Currency exchange and Found how bitcoin was so cheap at 2011
Example
this User ask for 32$ only to sell 2BTC
So are you think time now is too late or some one in future will say how price was cheap in 2017 like my post
Shear what you think
It´s not too late. If you think of disruptive new stuff that came along, they are eventually passed by others but it is not easy. BTC have its flaws but it was so groundbreaking that for some coin to take it´s place it cannot be only slightly better, it has to be disruptive again.Example
this User ask for 32$ only to sell 2BTC
2.00 BTC for sale - $32 USD (MTGOX PRICE is 16.68)
Only trusted members with reputation!
Only trusted members with reputation!
So are you think time now is too late or some one in future will say how price was cheap in 2017 like my post
Shear what you think
Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market? whats the basis or reasons why its going to be bloody when bitcoin drops ? As i observed when bitcoin drops , all coins drops also, and also when bitcoin is bloody , all coins are bloody too. do you have some further explanation about this crap.
A lot of people investing bitcoin today because of its high value and they expect their will be a big return in the coming years. Any investors are so optimistic of what happen in the future, they simply grab opportunity that will bring them a great investment return.If there is a charity accepting bitcoins do you prefer to give some of yours
Me: I will if there is, but for now I don't have yet.
EDITED:
Yeah it a hassle for now.
Another question: But what if there is fiat will be disappear in the future and crypto will conquered the world and all payment transactions will be on blockchain system?
So is this applicable right?
I don't think Bitcoin is a suitable way of donating money to charities. One dirty mind in the organization alone could have the ability to steal their Bitcoin at the same time disappear witout any trace of him.Me: I will if there is, but for now I don't have yet.
EDITED:
Yeah it a hassle for now.
Another question: But what if there is fiat will be disappear in the future and crypto will conquered the world and all payment transactions will be on blockchain system?
So is this applicable right?
Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?
Gold will still be a valuable item. If gold can not be used in everyday financial transactions then it is a normal thing. we can not possibly use gold to buy a chocolate in the supermarket.So if you look at it like trading stocks.. What's the best way to invest and trade bitcoin to make money?
Best way to invest? Simply just buy bitcoins right now, then simply hold it and keep it very safe. Go for the long haul. If everything goes right, theoretically bitcoin should just continue to go higher and higher.Have you ever thought about buying bitcoin for your children as a future investment?
yes i think that bitcoin is a very profitable investment and when we can have bitcoin at the moment then we can sell it much higher in the future. the increasing development of bitcoin has made people's confidence better for bitcoin.