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Topic: Experts On Bitcoin (Read 380 times)
Well, my idea about cryptocurrencies lies more on how we USE it.
The use of such virtual currencies will definitely give its highlight and importance. Every perception will depend on one's point of view. They may see things as bad or good.
There are few who will truly understand.
Although it is called currency, most of us don't use it as currency like what we have in physical world which is fiat, what we tend to use it is as an investment since it is very volatile compared to conventional investment like gold that is being contrasted always with bitcoin because of the precious value in the digital world. Good to see you making this point, cryptocurrency might look scary for some who does not know about it but in reality it is something that they should be wary of because it is the future of currency. The use of such virtual currencies will definitely give its highlight and importance. Every perception will depend on one's point of view. They may see things as bad or good.
There are few who will truly understand.
With bitcoin and other cryptocurrencies market prediction we cannot find an unified view from the experts. There'll be experienced market movement observers, but his view will be different. The same won't happen with stock market, experts have the same view. This shows how unpredictable is the cryptomarket. If I'm right, it is good to consider the experts view as a reference and make our own market predictions.
I agree, although the stock market has years of experience for these experts to study and follow the stock market trends, in order for them to reach that level of point of view. Maybe after a decade more or two, cryptocurrency and blockchain technology would reach new technological heights, including vastly more improved security and the financial climate might be more conducive enough for mass adoption already compared to its current state that it's in right now.
Borderless peer to peer and a decentralized payment of the bitcoin innovation is one proof that more and more persons will be willing to using it even though if they choose not to consider it now as a store of value because of its volatile nature.
This is EXACTLY the reason I got into crypto to begin with. I love every time people in TV or in the government start to acknowledge the power of bitcoin, be it skepticism or being bullish about it, either way brings a smile to my face because it's a step in the right direction (adoption being that direction)
What I love the most is when those people who used to just laugh at Bitcoin as a stupid attempt to provide alternative to the deeply-established fiat system are the same ones who are now saying that Bitcoin is unstoppable. There must be so many of them around. For all we know, most of them are now silently stocking up BTCs in their wallets.
Well that laugh will be change when they see the price pumping soon, I see a lots of laugh way back 2017 where people think that bitcoins is a scam and guess what happen they are now riding with bitcoins fame but sadly some of the people I know fall from MLM and other scams.
Borderless peer to peer and a decentralized payment of the bitcoin innovation is one proof that more and more persons will be willing to using it even though if they choose not to consider it now as a store of value because of its volatile nature.
This is EXACTLY the reason I got into crypto to begin with. I love every time people in TV or in the government start to acknowledge the power of bitcoin, be it skepticism or being bullish about it, either way brings a smile to my face because it's a step in the right direction (adoption being that direction)
What I love the most is when those people who used to just laugh at Bitcoin as a stupid attempt to provide alternative to the deeply-established fiat system are the same ones who are now saying that Bitcoin is unstoppable. There must be so many of them around. For all we know, most of them are now silently stocking up BTCs in their wallets.
Borderless peer to peer and a decentralized payment of the bitcoin innovation is one proof that more and more persons will be willing to using it even though if they choose not to consider it now as a store of value because of its volatile nature.
This is EXACTLY the reason I got into crypto to begin with. I love every time people in TV or in the government start to acknowledge the power of bitcoin, be it skepticism or being bullish about it, either way brings a smile to my face because it's a step in the right direction (adoption being that direction)
To be honest all this conversation about it makes me think that we are in the late-majority part, there are already many people who since 2018 until now knew bitcoin but not only for its investment properties, but rather for its anti-censorship, anti-inflation and other properties.
Actually you can make a personal wallet that is not associated with any account and not publish it. One disadvantage of bitcoin will be replaced with other advantages.
Tracing transaction of bitcoin isn't disadvantage really. Have you ever thought that if there is no transaction id then how will you prove that you have sent bitcoin to the receiver? Actually problem is reveal your address to public, otherwise transaction details still will keep your anonymity since anyone don't know who is the behind of this transaction except sender and receiver. To keep safe your privacy, don't share your receiving/sending address with any third person and you should always create new address for receive bitcoin. If you need more privacy then I will suggest use any bitcoin mixer to hide your identity. Because before, I knew bitcoin as a currency that will provide me the absolute anonymity, wherein, no one could track my transactions, and I've heard some good people tell its characteristic as anonymous peer to peer currency. - as time passes by, I realized that with the wallet that I am currently using, it leaves my identity with it, through posting it online on platforms that aren't private.
The wallet that you use can indeed be traced who the owner is, with a note if you've ever posted it on your social media or your Bitcointalk account.Actually you can make a personal wallet that is not associated with any account and not publish it.
One disadvantage of bitcoin will be replaced with other advantages. Bitcoin is transparent and cannot be manipulated or deleted from its transaction traces.
As they say-how many people, so many opinions. But it is undeniable that Bitcoin does not leave anyone indifferent. It has many supporters and just as many opponents, which means that Bitcoin is of interest to people. Whatever it is, but cryptocurrencies have brought something new to the financial sphere and one way or another it has to be reckoned with. Although to be fair, it is worth noting that for 10 years of existence, Bitcoin still occupies a negligible part of the volume of the world economy.
Yup, Bitcoin is really good as an investment if you have plans to invest in it for a long term. Another thing is that it's always good to know when you should invest, because if you invest in the wrong time, you might still be losing money after holding it for a long term; you can imagine those that invested their money around 2018 when the price of Bitcoin crashed to a low price. Till now a lot of those people have not been able to recover the money they lost in Bitcoin.
So, it's good to make proper plans, and know that situations such as what we have seen this year, can happen any time, though I don't pray for it to happen again.
So, it's good to make proper plans, and know that situations such as what we have seen this year, can happen any time, though I don't pray for it to happen again.
I understand that you are saying to invest when the BTC price goes down? If this is the point I think even now it's a great opportunity to invest in BTC now right???
Just have a look at last month BTC price came around 5k and this is the best opportunity I feel to make quick money in short term, and I believe there is few more time left to Invest now as halving is nearing I hope the price will reach atleast 10k...
With bitcoin and other cryptocurrencies market prediction we cannot find an unified view from the experts. There'll be experienced market movement observers, but his view will be different. The same won't happen with stock market, experts have the same view. This shows how unpredictable is the cryptomarket. If I'm right, it is good to consider the experts view as a reference and make our own market predictions.
Yup, Bitcoin is really good as an investment if you have plans to invest in it for a long term. Another thing is that it's always good to know when you should invest, because if you invest in the wrong time, you might still be losing money after holding it for a long term; you can imagine those that invested their money around 2018 when the price of Bitcoin crashed to a low price. Till now a lot of those people have not been able to recover the money they lost in Bitcoin.
So, it's good to make proper plans, and know that situations such as what we have seen this year, can happen any time, though I don't pray for it to happen again.
So, it's good to make proper plans, and know that situations such as what we have seen this year, can happen any time, though I don't pray for it to happen again.
Perhaps, not all of the opinions of people even experts is true. Because before, I knew bitcoin as a currency that will provide me the absolute anonymity, wherein, no one could track my transactions, and I've heard some good people tell its characteristic as anonymous peer to peer currency. - as time passes by, I realized that with the wallet that I am currently using, it leaves my identity with it, through posting it online on platforms that aren't private. I am still grateful because with this only one flaw bitcoin has proven to me, I am benefiting with bitcoin as a digital currency compared to fiat and physical money.
Absolutely agree, we can't believe 100% any Bitcoin expert. The only trustworthy "opinion" about Bitcoin is the white paper. I have Read some opinions from other Expert I think it will be good to share
1.The Bitcoin protocol has immense intrinsic value as a self-regulating frictionless payment network affordable to almost anyone.
2.Through rose-tinted glasses, Bitcoin can do no wrong. It is a currency that is free of central bank control, is decentralized, and it has proven that it can serve as a store of value for people
3.As a fee-only financial planner, I have a fiduciary responsibility to my clients to only recommend investments that are suitable to their specific investment plan and risk profile.
4.Currently, Bitcoin is a virtual and decentralized currency used to trade for goods and services, not backed by any government, company, or organization.
5.Think of the implications of a currency that has no borders, bars no one from entry,
Read More ::https://www.tradingacademy.com/financial-education-center/financial-professionals-share-their-opinions-on-bitcoin.aspx
What are Your opinions?
The basic philosophy and ideology behind crypto according to Satoshi Nakamoto is the collection of trust from the traditional reserve bank to the public.1.The Bitcoin protocol has immense intrinsic value as a self-regulating frictionless payment network affordable to almost anyone.
2.Through rose-tinted glasses, Bitcoin can do no wrong. It is a currency that is free of central bank control, is decentralized, and it has proven that it can serve as a store of value for people
3.As a fee-only financial planner, I have a fiduciary responsibility to my clients to only recommend investments that are suitable to their specific investment plan and risk profile.
4.Currently, Bitcoin is a virtual and decentralized currency used to trade for goods and services, not backed by any government, company, or organization.
5.Think of the implications of a currency that has no borders, bars no one from entry,
Read More ::https://www.tradingacademy.com/financial-education-center/financial-professionals-share-their-opinions-on-bitcoin.aspx
What are Your opinions?
So, to do this we need a technology called cryptography and blockchain. So at the end of the day, its technology that'll make the above points you've mentioned possible.
Perhaps, not all of the opinions of people even experts is true. Because before, I knew bitcoin as a currency that will provide me the absolute anonymity, wherein, no one could track my transactions, and I've heard some good people tell its characteristic as anonymous peer to peer currency. - as time passes by, I realized that with the wallet that I am currently using, it leaves my identity with it, through posting it online on platforms that aren't private. I am still grateful because with this only one flaw bitcoin has proven to me, I am benefiting with bitcoin as a digital currency compared to fiat and physical money.
otherwise the price is going to continue fluctuating as long as the market size is small. but whenever we zoom out we will always see growth in price too.
Fluctuations is because of lack or control. You can't control what happens in bitcoin market and I can't too and so anybody can decide how much bitcoin to sell or withdraw but there is fiat restrictions like dollar or euro.. On the second side, when you say zoom to growth, how do you mean ?
otherwise the price is going to continue fluctuating as long as the market size is small. but whenever we zoom out we will always see growth in price too.
Fluctuations is because of lack or control. You can't control what happens in bitcoin market and I can't too and so anybody can decide how much bitcoin to sell or withdraw but there is fiat restrictions like dollar or euro.. On the second side, when you say zoom to growth, how do you mean ?
otherwise the price is going to continue fluctuating as long as the market size is small. but whenever we zoom out we will always see growth in price too.
Fluctuations is because of lack or control. You can't control what happens in bitcoin market and I can't too and so anybody can decide how much bitcoin to sell or withdraw but there is fiat restrictions like dollar or euro.. On the second side, when you say zoom to growth, how do you mean ?
fluctuations and volatility is not about control or lack of it. it is all about the size of the market. you can understand this by simply comparing two markets that you have definitely seend. bitcoin and a small altcoin with daily volume of less than $500. the bitcoin market (big market in this example) can not be manipulated if you have $2000 but you can easily manipulate that altcoin.
volume is only one indicator, the other more important one is how packed the order books are. in bitcoin we still don't have full enough order books to be able to resist manipulations and panic buys/sells. that is why we see giant price rises and falls during scary times!
by zoom i mean looking at the charts for at least a couple of years instead of looking at them for a couple of months.
Borderless peer to peer and a decentralized payment of the bitcoin innovation is one proof that more and more persons will be willing to using it even though if they choose not to consider it now as a store of value because of its volatile nature.
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