I really agree with your opinion. in my country, regulations regarding crypto currencies are limited to having and we can use them as investments. however, regulations for use in transactions are still prohibited. and so far the crypto currency has only been used as a commodity trading in the crypto market as well as shares in general. thus making the value of the crypto currency always change. if the crypto currency has been officially used like fiat money, then this currency will have a stable value.
Topic: Important conditions for the progress of bitcoin - page 7. (Read 1299 times)
2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.
I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.
There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.
Let's support Bitcoin...
As of now we already see some improvements with bitcoin and I am so excited this year will have a great year for cryptocurrency users and also to the market of it as we all know we encounter long dips in crypto and I think this is the year of pay back time! (I hope so) I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.
There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.
Let's support Bitcoin...
why not? There is nothing wrong of hoping.
The role of government here is very important, meaning that when governments in every country support the existence of Bitcoin, there will be more interest in people to adopt Bitcoin, thus more investors will invest, with the increasing number of Bitcoin adopters and the number of investors, eye demand will increase crypto money that will affect market price movements. and can be sure the future of the crypto currency will be bright.
Hackers do have a lot of sense to be able to steal, but we must be more clever to deal with this and not to be hacked by irresponsible bitcoin. Private keys must remain safe and away from hackers so that unwanted things happen. The most important condition is when bitcoin is valuable and many hackers are eyeing it.
Governments regulating cryptocurrency would automatically turn cryptocurrency into fiat.
Why turn crypto into another fiat currency when you already have fiat currencies under your control.
Why turn crypto into another fiat currency when you already have fiat currencies under your control.
but many experts say that prices will return to the previous place, and that also applies in forex, of course for a period that cannot be determined, no one can predict precisely, but my hope for btc will soon recover to the previous price
This is not applicable to speculative assets
It is definitely true with respect to assets which are extensively used in the real economy. For example, crude oil is one of these assets and its long-term price is determined by that use. As oil production can't change dramatically and neither can its consumption, the market price of crude oil is bound to return to its average value in due course
But this is not the case with mostly speculative assets like cryptocurrencies whose price is not determined by their real-world use but rather speculation mostly (read, it depends on the whimsy of large-scale speculators). Therefore, it can be any and you shouldn't in fact expect it to be around some average value as there is no such value
Being recognized, verified and approved by the government to operate doesn't mean that exchange can flee from attacks. Hackers can attack anytime that they want and to increase and make the security tighter is to increase the security level of the exchanges. I like the idea of being approved and passing of requirements for licensing a local exchange. AFAIK, this is already happening in some countries. And it really helps to change the thought of the people that thinks bitcoin is a scam.
You are right, government recognition can only do little help because the crypto space is an open market where both the good and the bad come to shop, bitcoin recognized an approved exchange is a good idea and it will help in boosting the confidence of users but that will not stop it from facing the challenges others are facing.Being recognized, verified and approved by the government to operate doesn't mean that exchange can flee from attacks. Hackers can attack anytime that they want and to increase and make the security tighter is to increase the security level of the exchanges. I like the idea of being approved and passing of requirements for licensing a local exchange. AFAIK, this is already happening in some countries. And it really helps to change the thought of the people that thinks bitcoin is a scam.
You are right, government recognition can only do little help because the crypto space is an open market where both the good and the bad come to shop, bitcoin recognized an approved exchange is a good idea and it will help in boosting the confidence of users but that will not stop it from facing the challenges others are facing. 
2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.
I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.
There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.
Let's support Bitcoin...
Well, you need not to be optimistic about the fact that what Happened to Bitcoin in 2017 cannot repeat itself before end of this year. This is because anything can happen in crypto currency market just the way no one really predict what happened in 2017. I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.
There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.
Let's support Bitcoin...
General adoption of crypto currency should be our main focus and not for a single individual or cooperation to invest large sum of money to bush the market forward as that will be for a short time increase since they can decide to change their minds on the other way round and take profit and there by taking us back to we are before the increase.
out if the price is already on that state.
We cant really conclude nor presume that movement of prices would be similar on what we have seen on previous years but atleast we have seen that BTC is capable on reaching
those points.
2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.
I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.
There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.
Let's support Bitcoin...
Well, you need not to be optimistic about the fact that what Happened to Bitcoin in 2017 cannot repeat itself before end of this year. This is because anything can happen in crypto currency market just the way no one really predict what happened in 2017. I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.
There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.
Let's support Bitcoin...
General adoption of crypto currency should be our main focus and not for a single individual or cooperation to invest large sum of money to bush the market forward as that will be for a short time increase since they can decide to change their minds on the other way round and take profit and there by taking us back to we are before the increase.
out if the price is already on that state.
We cant really conclude nor presume that movement of prices would be similar on what we have seen on previous years but atleast we have seen that BTC is capable on reaching
those points.
2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.
I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.
There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.
Let's support Bitcoin...
Well, you need not to be optimistic about the fact that what Happened to Bitcoin in 2017 cannot repeat itself before end of this year. This is because anything can happen in crypto currency market just the way no one really predict what happened in 2017. I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.
There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.
Let's support Bitcoin...
General adoption of crypto currency should be our main focus and not for a single individual or cooperation to invest large sum of money to bush the market forward as that will be for a short time increase since they can decide to change their minds on the other way round and take profit and there by taking us back to we are before the increase.
People have been getting hyped for smallest changes and getting sad about the smallest drops so we need to figure out a way to reach out to people who think bitcoin cares about couple hundred dollar changes because it doesn't.
The moment we can make people realize about the "resistance" levels and where they are than we can actually make a difference. When bitcoin goes to $4200 or so people are hyped about the increase but they do not push it a bit forward, they just go "aw it went back down again" well it did because you didn't push it hard enough.
If we can somehow manage to break that resistance we can actually go as high as $5700 without any challenge on our path but we never really get together and break that 4200 barrier anywhere. If we can get together all of us bull seekers and use our money to break that $4200 even in one exchange the arbitrage bot traders will take care of the other places anyway.
The moment we can make people realize about the "resistance" levels and where they are than we can actually make a difference. When bitcoin goes to $4200 or so people are hyped about the increase but they do not push it a bit forward, they just go "aw it went back down again" well it did because you didn't push it hard enough.
If we can somehow manage to break that resistance we can actually go as high as $5700 without any challenge on our path but we never really get together and break that 4200 barrier anywhere. If we can get together all of us bull seekers and use our money to break that $4200 even in one exchange the arbitrage bot traders will take care of the other places anyway.
Being recognized, verified and approved by the government to operate doesn't mean that exchange can flee from attacks. Hackers can attack anytime that they want and to increase and make the security tighter is to increase the security level of the exchanges
In other words, as long as crypto can be stolen, it will be stolen
And what adds insult to injury is that all such hacks are almost always left unpunished due to the anonymous nature of cryptocurrencies and irreversibility of cryptocurrency transactions. In this way, government regulation, no matter how strict, won't prevent hacks from happening (as has already been proved in practice), and that's the whole reason why measures against stealing should be taken and implemented on a protocol level
As an example, we should be able to set white addresses where coins can be moved from a wallet. For exchange wallets this will effectively and efficiently prevent hacks and thefts even if the keys get compromised
Hackers are tireless, they always take the opportunity, an important moment with security, safe exchanges are always coveted by everyone who wants to trade. The stock exchange must be safe and the government that accepts crypto will certainly still support and search for the hacker to get the punishment. Crypto must be able to grow and be far from hackers.
Being recognized, verified and approved by the government to operate doesn't mean that exchange can flee from attacks. Hackers can attack anytime that they want and to increase and make the security tighter is to increase the security level of the exchanges. I like the idea of being approved and passing of requirements for licensing a local exchange. AFAIK, this is already happening in some countries. And it really helps to change the thought of the people that thinks bitcoin is a scam.
Yes, the current market conditions are very bad, because many Investors make panic sales, so prices continue to fall, but at this time prices are very cheap, and we have to wait for the arrival of the big Pope to buy Bitcoin. And this will happen ahead of next year's Hardfork Bitcoin. I am always optimistic.
If you care about the price you just need more new people to buy in. The demand is dropping because people are losing interest in crypto. The noobs always jump back in when the prices start to skyrocket, very few people want to buy after a massive correction. I don't think financial institutions will make a big difference either, we already hit 20k without them.
many investors are only investing by looking at the price but investment because with the crypto currency indirectly I learned earlier in knowing the development of the economy by using developments
Both arguments you brought are not going to be applied and that's because governments don't really like cryptocurrencies and they don't want to work with them. Also bitcoin users don't want governments to get implicated into cryptocurrencies because this would only complicate things and people couldn't use them anymore freely since regulations will be applied to them.
I think we can have a grow if new investors come and bring money on crypto then we will have a massive grow, even more than was in 2017.
We always need a big community to increase the price of BTC. that is obvious but how to call true investors is important.
For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.
Indeed, mass adoption is the key to bitcoin's progress. The more people use it and integrate it into its society, the more it will have its value appreciate. Also, if more people knows it, new money will naturally come into the market and the price will increase at be least susceptible to pump and dump. For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.
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