Topic: Bitcoin value - page 2. (Read 996 times)
I mean i know that Bitcoin is the most expensive crypto currency out there but i think that it doesn't have muc of projects or even many uses for it as compared to Ethereum. But then again, for me that is the inherent problem, more blockchains and uses for the coin will go a long way for Bitcoin.
You know it will be very difficult to sole these problems without the expert knowledge of the developer of this bitcoin. Energy consumption, slow transactions are more technical to deal with lets leave it to the expert. As for the issue of governments not accepting or banning bitcoin, this has to do with the fact that speculations are going round the world that bitcoin is used to fund terrorism.
Scalability has actually been the major challenge so far which I believe should be solved in time when the developers get a hand on the whole implementation of the lightening network, which I believe will hopefully drive in demand a lot for the space. In the past bitcoin value has been rising up regardless of any of its development issues. Hence, we can be sure about bitcoin to have bigger values in coming years too.
If this can be solved, we will know the next target is real world usage, and if we are lucky as well, the government would have simply accepted the space as a legal entity than trying to fight it.
Lightning Network adds more complexity on top of an already obtuse payment solution. Although perhaps technically feasible, I don't see it as a practical solution for the scalability problem because getting regular people who don't understand Bitcoin to a point where they understand and can use the Lightning Network is virtually impossible. Bitcoin has real limitations for widespread adoption due the inability of the average person to understand how it works, and LN compounds the problem. I don't see crypto serving a real market function beyond speculative investing (gambling), and without real utility in commerce the upside is severely limited.
Either BTC value will be high or low, I don't think that Bitcoin will be used by common people in the future. I know that some of online sites/sellers accepting on BTC payments but Bitcoin's low transfer time at high amount stakes (like transferring $1M value BTC) is an obstacle. If rich people cannot use BTC with high amounts, neither common folk will use it.
That is my opinion.
That is my opinion.
There doesn't have to be any escape path for Bitcoin because it is safe on it's own. I am sure as more time passes more and more countries will legalize it.
You know it will be very difficult to sole these problems without the expert knowledge of the developer of this bitcoin. Energy consumption, slow transactions are more technical to deal with lets leave it to the expert. As for the issue of governments not accepting or banning bitcoin, this has to do with the fact that speculations are going round the world that bitcoin is used to fund terrorism.
Scalability has actually been the major challenge so far which I believe should be solved in time when the developers get a hand on the whole implementation of the lightening network, which I believe will hopefully drive in demand a lot for the space. In the past bitcoin value has been rising up regardless of any of its development issues. Hence, we can be sure about bitcoin to have bigger values in coming years too.
If this can be solved, we will know the next target is real world usage, and if we are lucky as well, the government would have simply accepted the space as a legal entity than trying to fight it.
When transferring money in the Crypto currency, no one controls your funds and can not cancel the transfer. If money is sent as a prepayment, then it is worth to rely only on the integrity of the recipient. Traditional national currencies are more reliable in this respect and allow all money to be returned in the event of accidents.
For a wider distribution of cryptocurrency, you need to think about the safe possibility of a refund.
For a wider distribution of cryptocurrency, you need to think about the safe possibility of a refund.
The bitcoin value is now lower. It is certain that the next year will spread. bitcoin is a world-class coin. People invest in here to make big profits. Although today's value is down, this last year stands at $ 20000. bitcoin appears to be a great value coin. People are investing here because of the value.
The value of Bitcoin does not lie in its high or low level of cash equivalents, I think based on the intent of its users to create a real value. Good targets will set the stage for Bitcoin to be positioned in the electronics market.
Bitcoin value varies depending on the exchange you're buying it on.Sometimes, the value is high sometimes it flactuates.This has to do with several things, including volume on an exchange.
I will try to answer your important question, whether it is a Game or not.
Bitcoin is an asset, a tool in the hands of wealthy investors, (whales) it is a way to earn even more than they have. Or is it a means to lower the price and bankrupt everyone they want.
If we talk about other stocks and assets, there are laws that regulate the price movement. If there is a drop of 20-25% of the asset, all the market is closed, trading is stopped. And in the crypto-currency exchange, there is no such principle. Accordingly, for Whales is a great way to earn. )))
And you want those rules that are against the free market to be implemented? Because I do not, look I know that looking at your investment losing that kind of value is never easy but we cannot stop the flow of cryptocurrencies because that goes against its nature, bitcoin was created to allow you to have access to your money 24/7 without having to ask the permission of any third party, this will be very important when in the future banks go in a bank holiday to avoid bankruptcy, and now you want the same for bitcoin, that is simply not going to happen. Bitcoin is an asset, a tool in the hands of wealthy investors, (whales) it is a way to earn even more than they have. Or is it a means to lower the price and bankrupt everyone they want.
If we talk about other stocks and assets, there are laws that regulate the price movement. If there is a drop of 20-25% of the asset, all the market is closed, trading is stopped. And in the crypto-currency exchange, there is no such principle. Accordingly, for Whales is a great way to earn. )))
- It is banned in some countries
Not all countries in the world prohibit bitcoin, bitcoin is banned in some countries but there are many countries accept and permit bitcoin. It doesn’t really matter of ban in every country because it’s a decentralized currency and that's not a problem for bitcoin.
You underestimate bitcoin! Its value is that it can swallow all the non-cash money of the entire Internet. It is difficult for you to imagine now, but you will eventually realize that bitcoin is a single asset for all countries and States. When the 1 Satoshi will is worth as today is worth 0.5 bitcoin. I'm probably exaggerating a little bit with the price. But I am sure that one day the price of bitcoin will be about 1 million
Bitcoin value is depends on demand and supply so after 21 million Bitcoin mined in market. We can predict some value of Bitcoin and many investors are analysing the same way but no one find the result. So we should support for globalisation surely government fixed the value.
In any good thing, if there is a hole that can be exploited, people begin to doubt it whether that was the purpose of creating it. the fact that whales manipulate the price of cryptos does not mean that was what it was intended for. It's just a tiny hole in crypto invention that people are exploiting.
Rich people or "whales" can use Bitcoin as a game. That makes the market bitcoin or Altcoin become volatile. I think only people who have money can have chances in exchanges. Either they are richer or they are lost but not significant. What do you think?
I will try to answer your important question, whether it is a Game or not.
Bitcoin is an asset, a tool in the hands of wealthy investors, (whales) it is a way to earn even more than they have. Or is it a means to lower the price and bankrupt everyone they want.
If we talk about other stocks and assets, there are laws that regulate the price movement. If there is a drop of 20-25% of the asset, all the market is closed, trading is stopped. And in the crypto-currency exchange, there is no such principle. Accordingly, for Whales is a great way to earn. )))
Bitcoin is an asset, a tool in the hands of wealthy investors, (whales) it is a way to earn even more than they have. Or is it a means to lower the price and bankrupt everyone they want.
If we talk about other stocks and assets, there are laws that regulate the price movement. If there is a drop of 20-25% of the asset, all the market is closed, trading is stopped. And in the crypto-currency exchange, there is no such principle. Accordingly, for Whales is a great way to earn. )))
What escape path for Bitcoin?
The value of Bitcoin is still very high . Some problems of bitcoin are difficult to solve as :
- Slow transaction speed
- consumes a lot of energy
- It is banned in some countries
... Or is it just a game of whales? A financial game with winners and losers
The value of Bitcoin is still very high . Some problems of bitcoin are difficult to solve as :
- Slow transaction speed
- consumes a lot of energy
- It is banned in some countries
... Or is it just a game of whales? A financial game with winners and losers
I find it quite amusing by the saying of the game between the really rich guy, the big men in the cryptocurrency, none of us can be sure of Bitcoin's fortunes, we are just trying to try to legalize Bitcoin between countries.
The value of bitcoin will be a part of "games of whales" as long as there will be volatility of the price in the market. The whales will take advantage of this volatility to maximize their profit. Again price manipulation will exists until everyone starts to adopt crypto currencies and knows in depth about the market. And about the banning, there is nothing we can do if the government bans bitcoin.
bitcoin value is very high and it bring massive income to many...the value of the bitcoin is making a lot if impact on the digital currency, this is making a lot of people trade with the bitcoin more than any digital currency....
The value if it keep going high so it will benefit all those who have being stayed invested and bought during the dips. Also it will be a better thing for the traders as they love volatility so that they get a good cushion to trade as bought at low and sell high.
Yes it does seemingly like seeing a fruit that fall on a tree but still you will picked it up because you know it could still be eaten or it still has its worth. The bitcoin value will determine the number of people who does see the value on it. This is why the higher the demand for bitcoin the higher market price it will get.
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