"Bitcoin has gained widespread attention globally in 2013 and is the first online currency based on a peer to peer network without any central authority or third parties. Its market capitalization reached US$ 8.5 billion in December 2013. However, despite its popularity some issues like network security (thefts), anonymity (privacy) and wealth distribution (inequality) have plagued it. Of considerable importance is the last issue of unequal wealth distribution as it may create a huge socio-economic burden for the society. A group of researchers estimated that the GINI coefficient for the network was at an all time high of 0.985 in Jan 2013 and that the rich were getting richer as the network grew. In the present work it has been strived to determine how the GINI actually increases or decreased depending upon the wealth distribution. For doing this a raw transaction of data of more than 36 million transactions has been sourced and a list of all users and their wealth in the network has been computed. The final results are very alarming as GINI has increased to 0.997 by the end of 2013 and the market share of top 10 holders alone has reached 6.6% of the entire market. Therefore, the rich have actually got richer and steps should be taken to curb such a wealth accumulation model in the network."

It seems bad news for bitcoin price.

https://link.springer.com/chapter/10.1007/978-981-13-0755-3_15

Friends what will you do with your cryptoassets?

You should consider investing in the Altcoins and then multiply 4 or 5 times. They are ETH, Ripple, NEO. The market that I come back to think of them will increase very high because they are promising and promising coins in the future. Because the ICOS project is not good at the moment so you can invest in Altcoins which i have just given.

Yes its true, that we can now get job done from all over the world. This is possible because most of the people are jobless but are skilled and trying to do the job by self employment. Common people are the one who are dominating this world now and they want to get job very handy right from their houses. I can understand this very well because I am one of the home earner and off course a common man who is striving for the life. But surely with the bitcoin and altcoins up rising now I have many options opened up for the earnings. Now I can literally earn money equivalent to corporate job with my own comfort and thats the best thing about it.

Luck is just a factor in gambling and not a guarantee for winning the game. My friends who are gambling adductors told me several times that they even lost very easy and simple games not in casinos but in sports betting. It is their luck and sometimes they won unbelievable games, it is also their luck but mostly they look the performance of the tram and then bet.

some negative news is a form of intervention that aims to destroy the growth of crypto market value, but I do not see that it will affect crypto market price movements, because the investment in crypto is done individually so that every investor who joins the crypto world must have thought carefully about Investment activities that have been carried out without the influence of negative news or vice versa are positive news.

In the last years, Bitcoin's ETF is being denied and after that the price starts to go down bu we can't say that it is the effect of the denial of that ETF since the price of Bitcoin is really volatile hence we don't know whether it will pump or it will dump.

What we know is that the usual month when price pumps is getting closer and closer and if you are interested, you should really invest now while the price are still at it's lowest.

I think different blockchains for specific markets makes the market more competitive. All these competitiveness benefits us consumers in the end. Besides, if a blockchain survives after its ICO, it will die after a year without a strong project to back it up. It is a natural dynamic for weak ICOs to weed oht the weak ones.

They have the knowledge alright if we will be talking about the gambling game, it's rules and the prize or profit they will be getting if they win but the problem is that they don't know one thing.

That one thing that is so important, their knowledge to what may happen in the near future. Gambling may be enjoying, may be entertaining but when it comes to the wasted time and money you risked for that, it will make you regret.

I think there is no palmist in this forum because only they can say something about the future. How can one know when will this bearish situation ends? I know only one solution and those is when we all put our money in crypto and motivate and convince others to invest in crypto especially in bitcoin, the market cap will increase and by this way this bearish situation will turn into positive.

All countries converting to cryptcurrency means a good news to the entire crypto market. The market will see full green for a long period because there will be an increase demand as users trade with the various coins on the market.

In my view success in gambling should be can makes living from it and their gambling results should be positive than their lost but until now i always be seen there was plenty of bad stories from gambling and from my personal experience too i was never meet people who have success stories from gambling so at this time i would like to answer i never find any people who already success from gambling

Bitcoin and ETH are currently in the bear market however alt coins can far more volatile. What I do is trade bitcoin for alt coins as alt coins tend to be far more volatile due to lower volume compared to bitcoin and ETH. From this you can profit at a greater rate from the highs and lows of alt coins.

I dont think we should need large capital to start making profits in cryptomarket. Cryptomarket still undervalue market and i am believe with small capital we can make profits as long we dicipline with our investment strategy

It's probably a good idea to try to hold as much bitcoin as possible from now on because it's very likely that in the next years or the next decade the price of bitcoin is going to go up so rapidly that just by having a small amount of it you could make your life a lot easier.

Its mostly seen as illegal to use undefined or self issued currency not minted by the government of that nation.   I've heard of a few cases where people just turn out plain metal discs and have gotten into trouble because it was seen as a kind of counterfeiting operation that undermined the tax regime.

If you want to use currency outside of your own countries, its better to take up the established currency of a sovereign nation.    In some cases you can hold a gold or silver coin that is still widely traded and accepted as valid.     I realise some will argue its perfectly fine in theory but in practise it raises eyebrows and some alarm.    Just carrying around large amounts of cash can cause forfeiture for example which is not exactly fair but common as an offfence because of the drugs trade unfortunately

I personally have never traded in other than crypto. but I once asked someone who traded on the stock exchange. he said trading on the stock exchange was more stable and predictable, especially fiat currencies. because this is regulated by the state. different in crypto, all regulating prices are individuals. for ID I think it's all the same, asking for ID. but to start trading, I think it's easier to crypto, because it can start trading with a small nominal.

Yeah, there are many opinions about bitcoin. They said it will last long because it is already part of our modern generation. They said also that it will not last because it is not a fiat. But for me i think it will last.

$1300 is not possible. It would be if we had fallen to $3k in June, but we didnt.

What I think it is possible is a $4800 bottom. However, this price wont last long.

Unless you are going to buy a full bitcoin, theres not much difference between the current price and $4800. Just remember that the ATH was near $20k, so even if you buy now, you are guaranteed a nice profit when we go back to the previous ATH.