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Showing 20 of 66 results by engrdaver
The government cannot kill BTC per se. It can only control the usage of internet and access to BTC trading and anything related to it. Take other countries as an example, they moderate or ban any BTC transactions, but they cannot stop or kill BTC.
Stop co relating gold from BTC. Gold will always be around to control the value of currencies per country while BTC is a system of currency on its own. It may be surpassing the value of gold atm but having physical form, gold will always be the main item in foreign exchanges.
Yes, I do. It is always good to be vigilant in your investments. Also, it can help you with your own projection of how the price moves. Checking daily will give you the idea when to hold and when to let go of the coins. It's always good to keep up with the trend.
Re: What will you do with your Bitcoin in 2018? Will it become more valuable?
Probably hold on to it until i see a continuous drop that might suggest it's downfall, then I might sell. Basically, I would be very observant to the price fluctuations and be smart in keeping or selling my coins. No use looking too far ahead it's better to leave while you still have profit to gain.
The price stability is a positive sign, atleast its not depreciating. We should monitor the fluctuation on a daily basis because drastic rise or drop will not happen overnight. Be very vigilant and try to protect our investment by staying updated with the price value. Don't assume too much and don't project far too ahead. If you see an opportunity to cash out then be wise about it so you don't regret waiting too long and be disappointed.
Someone insanely rich. I would spend more than I can imagine on all material things I want, and food and go to exclusive places, resorts, hotels and bars. I would live out the day like it was my last.
Re: What will you do with your Bitcoin in 2018? Will it become more valuable?
2017 was a very fruitful year for a lot of Bitcoiners. However given the stability of Bitcoin it is very hard to project plans that's too far ahead. For me I would check the trends every now and then to keep up with the rise and dips of the price. If it dips, I will try to get more and if it rises I will sell. I see no use in hoarding it anyway. Being too clingy might have negative impact suppose the price dips for good. Better safe than sorry.
Recently, more and more I have been interested in the question of why Bitcoin was created. Who created it and for what purposes. After all, clearly there are people who control bitokoyn, well, that is - own a very significant amount Bitkoyn. Maybe it's just a new currency to replace the dollar only in electronic form. Until now, nothing is known about the creators of Bitokin. Why we need crypto-currencies, if on the idea you can use the same transfers of money cherz different banks. What happens if bitcoin collapses? Do not judge me strictly, it's just that these thoughts have visited me more and more often lately.
We dont need BTC, we want them because we see them as a way to rise up from our current financial status. As for the purpose of its creation, maybe someone wanted to start something that can revolutionize the currency. A way to unite countries thru one currency. It may be wishful thinking but the idea is very good if we could all use one currency regardless of what country you are from.
What would you do if Saturday Morning you wake up and Bitcoin Price Drops to 0.89 cents?
Also I would love too hear opinions on what would it take for something like that to happen.
I imagine President Trump would have to outlaw bitcoin or something of that magnitude at this
point right
or even better What would you do if Bitcoin Skyrockets too 2,5 million USD per Bitcoin
HOLY CHIP!!! I would Buy my own Island and make myself The king and have hundreds of children with my hundreds of wives
because I would immediately divorce This one definitely trade her in for someone who doesn't talk so much blah blah blah .....
and is always moving my damm shoes
IF I PUT MY SHOES SOMEWHERE I WANT TO FIND THEM THERE IF I WANTED THEM IN THE CLOSET I WOULD PUT THEM THERE
Also I would love too hear opinions on what would it take for something like that to happen.
I imagine President Trump would have to outlaw bitcoin or something of that magnitude at this
point right
or even better What would you do if Bitcoin Skyrockets too 2,5 million USD per Bitcoin
HOLY CHIP!!! I would Buy my own Island and make myself The king and have hundreds of children with my hundreds of wives
because I would immediately divorce This one definitely trade her in for someone who doesn't talk so much blah blah blah .....
and is always moving my damm shoes
IF I PUT MY SHOES SOMEWHERE I WANT TO FIND THEM THERE IF I WANTED THEM IN THE CLOSET I WOULD PUT THEM THERE
i don't think it will drop drastically to that value in one go. If you see that the value is constantly depreciating thru time, maybe it's time to let go and make money while you still can. Positive income is always better than negative liability.
Re: when you try to explain people about cryptocurrency do they understand?
at the beginning it took me some time to explain people about this market.
i wonder:
when you try to explain people about cryptocurrency do they understand?
i wonder:
when you try to explain people about cryptocurrency do they understand?
At first they don't. Personally, it took me a while to get into Bitcoin. I thought it was a scam online so I never really tried to learn what this is. Only when a friend of mine introduced it to me as a form of passive income that I just have to hold onto did I get interested. People will have different styles of introducing Bitcoin and people will also have different intakes on the explanation. If you can't explain it in a way of how you want to portrait it then it will be difficult. Find a common ground and start from there.
Just because something is a potential investment doesn't mean you have to put all faith in it. When it comes to investing, it is always best to put what you can afford to lose. Don't put all in one go otherwise you will have nothing left for personal or emergency cases.
As an investment, Bitcoin may have overtaken gold. But let us not forget that Bitcoin price is still very unstable unlike gold which is primarily the benchmark for actual currencies. We should be very smart in choosing investments because remember that Bitcoin is volatile.
Time can tell. Global regulations are presented to gain control or give limitations and bounderies over things that become big to handle. Cryptocurrency is doing just that, it got so big in a little time. Some countries fear the negative impact of crpyts in the monetary regulations because it is not controlled or governed by the government.
If and only if all bitcoins are mined and in actual circulation can its price become stable. All in all there are 21m BTC but not all of it has been mined. That's one reason the supply and demand fluctuates. The limited supply of coins together with the rising demand makes the price skyrocket.
Definitely not. Although we live in the era where the internet makes the world go round, let us not forget that not everyone is accessible to the whole wide world of web. There are still places where they have no internet connections and those countries are usually the poor ones.
Re: The evergreen question, Will Bitcoin survives in future?
The basic concept of cryptocurrency might survive but Bitcoin itself might not. There are other cryptocurrencies in circulation and many more might come in the future and overthrow Bitcoin. Latest technology might be able to fix the value of coins which is the main concern of Bitcoin, its volatility and price fluctuation.
it will definitely crash down together with internet. Bitcoin solely survives thru the internet. Without internet, cryptocurrencies will have no platform for any activity since Bitcoins have no physical counterparts.
Gold has a profound impact on the value of world currencies. Even though the gold standard has been abandoned, gold as a commodity can act as a substitute for fiat currencies and be used as an effective hedge against inflation. There is no doubt that gold will continue to play an integral role in the foreign exchange markets. Therefore, it is an important metal to follow and analyze for its unique ability to represent the health of both local and international economies.
Bitcoin on the other hand has proven nothing but price inflation due to law supply and demand. It cannot replace or compensate the value of fiat currencies at the moment. Maybe a few more years and it can become better than gold.
Bitcoin on the other hand has proven nothing but price inflation due to law supply and demand. It cannot replace or compensate the value of fiat currencies at the moment. Maybe a few more years and it can become better than gold.
Very risky. I would not recommend it. Although it is in the bank, it is better because you will have that sense of security that you have money when you most need it. Turning it all into Bitcoin does not guarantee easy access to money. It may grow in the form of investment but it takes too long to process and convert to cash. If you really want to invest maybe put in 30-50 percent of what you have in the bank, depending on your financial capacity and comfort and keep the remaining for emergency purposes.
1. Currency by definition is a monetary system used for trading that is backed up by physical metal reserves that defines its value.
2. Asset is something that has value and has the capacity to generate income.
Therefore, Bitcoin can be considered more of an asset than a currency. Once the price of Bitcoin has been defined and legally used for general trading then it can be considered a currency.
2. Asset is something that has value and has the capacity to generate income.
Therefore, Bitcoin can be considered more of an asset than a currency. Once the price of Bitcoin has been defined and legally used for general trading then it can be considered a currency.