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Showing 6 of 6 results by jongo
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Bitcoin is still very young and it need to grow before it can fulfill its destiny of becoming a form or medium of exchange in buying goods and services in any society. Today there are still few users in the world and mostly of the bitcoins were ate the hands of the big whales. As long as bitcoin is not distributed to the masses and it is not used in daily activities in life then bitcoin have not reached its full potential. Remember it is not about the bitcoins price but is about its purpose.
I agree - until there is more commercial utilization of Bitcoin, it will be primarily a speculative investment. We should all read the tea leaves though: investment firms are taking positions in Bitcoin after it crashed in January. They were/are long on Bitcoin at $9000/coin
If I planned a real long-term hold, say one year, I would definitely use some good safe hardware wallet, do not even hesitate.
Can you recommend an amount that would warrant a hardware wallet?
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From where that is coming, I dont know anything about that. 
Yeah my price prediction was completely tongue-in-cheek. I agree there is yet to be a public embrace of Bitcoin; but I think as Big Capital starts to develop more commercial applications with Bitcoin you will see more utilization.
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well English is my second lagnuage and according to Cambridge dictionary "Legitimate" means "allowed by law", and who sets the law but the government? if you meant something else then i am all ears.
legal, lawful, licit, legalized, authorized, permitted, permissible, allowable, allowed, admissible, sanctioned, approved, licensed, statutory, constitutional
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if by "legitimate" you mean something that the government approves then you are wrong this is not the bitcoin goal either.
Why would anyone assume "legitimate" means "government-approved"? Legitimacy is not a legal concept.
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there is a simple explanation for it, people don't care about altcoins!
We heard the same about Bitcoin...
I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
What do you think? I'd love to hear from some crytpo veterans.