The future of Crypto

Gracewilson1995 posted:
According to me bitcoin has a good future. like in 2017 the bitcoin touched 18000 it can still go above.

We got new ATH
Almost $20,000
HODL or sell?

Bitcoin itself is not as important as blockchain. This is a truly ingenious creation. I can't even believe that someone could think of this and bring it to life.

The future of cryptocurrency seems to be very bright and with its ever increasing popularity, it will even be better in time.

Bitcoin was originally created as the future world currency. His blockchain system is the pinnacle of engineering thought.

In my opinion both bitcoin and blockchain are the future of the world.

The future of cryptocurrency is driven by its interest among people. Also, the blockchain system itself looks very impressive.

Wiktor63463gt posted:
The future of cryptocurrency is driven by its interest among people. Also, the blockchain system itself looks very impressive.

And nowadays we reached 40,000 USD for 1 BTC

You are right. The people mining it have to face some serious difficulties.

Ima angry because of Elon. 1 tweet...1 tweet and Bitcoin just fall to 50k. How??? And now Doge's start to up because of Elon's speculation.

Knowledge is the most important thing to make money from this any other market.

berinhard posted:
Knowledge is the most important thing to make money from this any other market.

If you want to make money from this market, you need to have proper knowledge about the market.

Absolutely, learning is the key to success. It doesn't matter what you do or how great of an idea you have; without knowledge, your success will be limited.

I believe that cryptocurrency has a future, while we will see it in the near future. And I think it will be interesting.

RobSchiz posted:

berinhard posted:
Knowledge is the most important thing to make money from this any other market.

If you want to make money from this market, you need to have proper knowledge about the market.

This applies for every single market of course.

There are plenty of scenarios which can happen with cryptocurrency in future. One can allege that in future crypto will replace all the national currencies which we have nowadays, however the vast majority of people don't believe in such economical metamorphosis, because even gradual transformation of dollar into btc for example, will strongly affect domestic and world economies. I believe that economies will not bear such metamorphosis, nevertheless it still remains as one of the possible scnarios in future. The time will show it, maybe it will be the only way to decrease the influence of crypto as we have nowadays.

Great, I do crypto trading but the market situation is pretty bad right now. But it will comeback very soon.

AliaDare posted:
Great, I do crypto trading but the market situation is pretty bad right now. But it will comeback very soon.

It can`t be pumps all the way so that`s not a problem. Patience is the key.

momo3HC posted:

AliaDare posted:
Great, I do crypto trading but the market situation is pretty bad right now. But it will comeback very soon.

It can`t be pumps all the way so that`s not a problem. Patience is the key.

Of course, any platform that says forex market or crypto market should be tested. Otherwise profit cannot be made.

I think that nothing bad will happen to cryptos. Some pessimists say that cryptos have no value and they are bound to disappear as any market buble. I don’t share this point of view.
First, I would like to say a couple of words about value. I think that today commodities only have real value. The rest is represented by various derivatives and fiat money. You know fiat money is actively printed and it greatly contributes to inflation. Long gone times when money was associated with something real or to be exact with something that had real value such as gold or silver. You probably know that earlier money was backed by gold. Later governments decided to terminate that relationship and money became papers. In this regard, crypto don’t seem so bad. Perhaps, a lack of regulation and support by the government is the only “sin” of cryptocurrency. In other regards cryptocurrency dares to compete with fiat money. Why not? You see that people hold cryptos on their crypto wallets, exchange this stuff for fiat money and use cryptos to pay for products and services online. So, I think that it’s already too late to ban cryptos. They will remain. Perhaps, they will become regulated but I think it will not happen soon.