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Not to mention banks offer such features, for the possibility of adopting bitcoin alone is very small. Banks are companies regulated by the state and they are required to earn a profit in each year. That is, risk mitigation is important to them rather than approaching the risk of making a bitcoin deposit feature.
Re: [2018-05-16] LG Electronics Launches Its Own Blockchain-based Platform
this is a major advance for cryptocurrency where giant electronics companies such as LG show support for cryptocurrency and even create their own cryptocurrency. That is, the awareness of the importance of financial technology will trigger corporate companies to take action before too late.
there are several factors why banks are reluctant to adopt bitcoin:
1. No feedback: that is to say they don't feel a positive feedbacks generated from bitcoin nurturing, in fact, their products will be much abandoned.
2. Risk: extreme fluctuation rates make banks reluctant to use it, as it also deals with the risk of bank shareholders
3. Government: the bank is one of the data sources for the government so that if it is related to anonymity, it will be difficult for the bank to prepare the data in case of examination.
1. No feedback: that is to say they don't feel a positive feedbacks generated from bitcoin nurturing, in fact, their products will be much abandoned.
2. Risk: extreme fluctuation rates make banks reluctant to use it, as it also deals with the risk of bank shareholders
3. Government: the bank is one of the data sources for the government so that if it is related to anonymity, it will be difficult for the bank to prepare the data in case of examination.
the bottom has been confirmed, the market currently looks stable between $ 7.5k to $ 8.5k, and we have reached the end of May. If the market continues to show a positive trend, I think we'll get closer to All time high, although it's less likely to take on new all time high, but the chances still remains 
perhaps China is one of the best imitator countries in the world and its residents are also required to prioritize the use of domestic products. Maybe their motto is 'if I can make it, why should I buy it'. As with cryptocurrency especially bitcoin, which could be considered to be threatening their currency. Finally, a ban is done, and it's enough to shake the market. Maybe again, the ban is done so that people prefer to use cryptocurrency he made.
I'm sure everyone will argue according to the conditions of bitcoin development in the country or region where he lives. There are some people who can't even invest because of the government ban, moreover to want to make Bitcoin as its main currency. Maybe if later adoption of bitcoin has spread evenly around the world, then we can think of this.
no one can guarantee in the near future bitcoin will go back to last ATH or even touch down a new ATH. The history of bitcoin says the longest time bitcoin did not move significantly for 2 years. That means only time can answer. The current price of the bitcoin has not reached 50% of the last ATH, but who would have thought, with a high rate of fluctuation, bitcoin could rise significantly just in a few weeks.
How foolish are people who invest in Bitcoin? or how smart are people investing in bitcoin? we don't have to talk far, let's look at the amount of bitcoin on each exchange, well that's how much money people have (fools or clever). Do you think they are stupid enough to sacrifice $9k just for things that are not clear? I think not, that's only for a small number of people, but most of them are people who know the technology and use the information to grow their money.
anybody who has been around for a little while knows the horror stories that come from those who short bitcoin...
anyways, this may sound a little strange but i am actually glad that they are saying these things publicly. if we can get some of the newbies who are only in bitcoin for the "investment" part an to "make money" out of it then the result of all this is positive. it is also known as flushing the newbies out.
anyways, this may sound a little strange but i am actually glad that they are saying these things publicly. if we can get some of the newbies who are only in bitcoin for the "investment" part an to "make money" out of it then the result of all this is positive. it is also known as flushing the newbies out.
I agree, but whether this will really affect the newbie who is in the world of cryptocurrency just for investment and make money, even to read news like this, the possibility is very small. I think they cannot be said as a newbie anymore, if they have made the news in the media to be one of the trigger factors in decision making. most newbie only thinks about the profits without observing the risk first.
I was wondering, if you had an opportunity to sell your stuff alike cars, pc, homethings and etc., would you sell it for bitcoin (or maybe other altcoin)? The main question is to see, are you ready trade stuff for cryptocurrencies and how do you imagine it?
people who think like that must be someone who dares to sacrifice his stuff for the benefit of the actual uncertain. Probably almost could be said that he is a brave gambler and does not like to play safe. For me personally, selling the stuff I have to buy cryptocurrency is not an option, but a thing I don't really think about. I don't want to gamble, I just want to invest safely, and without the burden, so I just play a buy the deep and sell the peak.
A lot of posts are about bitcoin (eg bitcoin for illegal transactions ... bitcoins change lives ... bitcoin destroys the world ... bitcoin poison and so on) but basically it's all humans that move .. bitcoin is the tool. Good bad how the tool is how the man who runs. is it worth blaming bitcoin. What is your opinion?
exactly, I believe that this technology was created to change the way people transactions become easier, transparent, and also cheaper. But most people or users, misusing and misinterpreting the true function of this bitcoin, so there are pros and cons between parties who support this technology and the opposing parties. So far, bitcoin still survives with it, but I do not know how long, it's just a matter of time.
initially, bitcoin was created as a protocol that can help peer to peer transactions and at very low cost. But currently, some have used bitcoin entirely in buying and selling transactions even though the fee is very high when unconfirmed transaction increases. This technology depends completely on its users, if its users leave it, bitcoin will become invaluable, but if its users continue to use it, its level can even increase to a currency.
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
indeed, some of the states that would not legalize bitcoin have such thoughts that bitcoin will disrupt economic stability and will cause inflation in the country. Well, that is the thinking of developing countries, maybe that's why they continue to be a developing country and can not be a developed country. but if you see most of the developed countries actually legalize bitcoin and no negative things that cause damage to the economy and the occurrence of inflation.
investing is one way people save their money and increase the amount. A good investment is a long-term investment that spans at least 1 year or more. It's just like investing in land, houses, and the like. With that asset, you could have sold it quickly when it was in emergency need. But for the cryptocurrency, you must follow the price at that time if you want to sell it suddenly. Not to mention if the market conditions are falling.
exactly that, it is not the purpose of a bank to make its customers wealthy, as more and more customers of a bank, the more prosperous the bank. The interest given to customers when they are saving their money is very low and will decrease every year. While people who apply for loans to banks, given a very high interest. While the level of loan amount must be balanced with the amount of deposits.
How to manage risk in private cryptocurrency investment is very easy. Use capital or money that if issued, will not interfere with the need in some future time. Then just suppose the capital you put in to invest in cryptocurrency is just a bonus, so if it exists, it's nice, and if not there's no problem. That way you will enjoy long-term investment comfortably without being affected by FUDs or volatility.
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
small businesses still have to take this into account, as part of their efforts depend on the rapid turnover of capital. Meanwhile, cryptocurrency has a very high fluctuation rate, not knowing a day, an hour, or a minute. If they use a personal wallet, it will take delivery charges to the exchange and withdrawal fees from the exchange. Unless the supplier of goods from the businessman also receives cryptocurrency as their payment tool.