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Kakashi2020

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Everything posted by Kakashi2020

  1. Kakashi2020
    In the event that Bitcoin posts another rally this year, will you hold on to your investment or would you liquidate it to get a hefty profit?
  2. Kakashi2020
    How much profit from Bitcoin or other Cryptocurrencies do you see yourself making this year?
  3. Kakashi2020
    The Price of Bitcoin is beginning to go up again, it's steadily appreciating for a week now. And I think that it's time for another run. What are your thoughts about this. Is this a start of another rally?
  4. Kakashi2020
    It goes two ways just like everything else. It could be used for anything bad or good. It's just like any other tool. We hear or read things which can't be substantiated, it's unverified and unverifiable news.
  5. Kakashi2020
    The problem is we really don't know which is which all we can see is that Bitcoin is getting very popular and that masses are now getting interested. If a billion people starts using it then the government would eventually accept it right?
  6. Kakashi2020
    I do agree with your comments that the biggest determinant of the value of Bitcoin and all other Cryptocurrencies is supply and demand. Bitcoins cap is only 21 million, which is very low compared to other cryptos.
  7. Kakashi2020
    Bitcoin after a long slumber is finally waking up. It's been a week of appreciation and I do think that it's becoming active and bullish again. Hope the trend continues.
  8. Kakashi2020
    I like your definition of speculation - purchasing a Commodity with the hopes that it's price would appreciate in the future. It has a similar definition with investment - the action or process of investing money for profit or material gain. It's really quite hard to differentiate Investment and Speculation though.
  9. Kakashi2020
    Agreed. But if there's a popular demand then banks would have to give in because they would also profit from it. Also the government would probably step in with additional banking rules and guidelines when it comes to Bitcoin and other popular Cryptocurrencies. In my opinion whats happening now with Banks and Cryptos is a wait and see attitude.
  10. Kakashi2020
    The price of Bitcoin is beginning to move up and I have a good feeling about this. I think Bitcoin is starting to be active again, the price has been going up for several days now, I really hope that this is the the start of a new rally. One of my forecast is that it would become bullish again by October or November and would reach new heights by December, hope I'm right on this.
  11. Kakashi2020
    My favorite myth about Bitcoin is that the Mob is the one who orchestrated it's creation and that it's a mob / organized crime currency of choice.
  12. Kakashi2020
    Is there a looming problem in the future of Bitcoin and other Cryptocurrencies? I've read a paper that says Crypto Spamming or flooding the market with different Cryptocurrencies would ultimately lead to their devaluation. If that's the case then it can be a big danger in the near future.
  13. Kakashi2020
    Is there a possibility that the banking system would recognize Bitcoin and other Cryptocurrencies by accepting crypto deposits, withdrawals and investments?
  14. Kakashi2020
    There's a bit of confusion about this topic because some nations treat Bitcoin as a Commodity and some treat it as a Currency and then there's UK which treats it as a Commodity and as a Currency. What is your take on this?
  15. Kakashi2020
    Would Bitcoin suffer dilution of value due to the emergence of newer Cryptocurrencies? I mean wouldn't Bitcoin and other cryptos suffer a notable decrease in market cap?
  16. Kakashi2020
    It's a historical fact that governments impose controlling policies on every financial instrument or product whenever it becomes popular to the masses to as they say, "to keep it in check". What will happen to Bitcoin if this happens?
  17. Kakashi2020
    Lacking in both government supervision and rules, some people are saying that Cryptocurrencies can be very dangerous. But how exactly is it dangerous? What are the dangers that we should be aware of with regards to decentralized currencies?
  18. Kakashi2020
    Do Cryptocurrencies have a direct effect on local and or global economy? Does it have a positive or negative affect?
  19. Kakashi2020
    Here are some of the best and dependable coin apps and wallets: Coin base Xapo Enjin BitWorth CryptoTrax BTC.com Cryptonaut Portfolio Tracker Delta Portfolio Tracker Crypto Tracker Above mentioned wallets / apps are free to download.
  20. Kakashi2020
    When it comes to small amounts of Bitcoin for startup light users what mobile software wallet besides Electrum are you using?
  21. Kakashi2020
    Bitcoins are limited to 21 Million, it means you can only mine that much. Presently more than half has already been mined. What do you think will happen after the last Bitcoin is mined?
  22. Kakashi2020
    I've read an article that says in the U.S. the IRS declared bitcoin as property and not as currency. Does anyone here knows the implications of this?
  23. Kakashi2020
    Bitcoin is a decentralized form of currency and that means you can use it to buy anything just like Fiat money. But unlike regular currencies which can be traced, Bitcoin transactions can remain anonymous.
  24. Kakashi2020
    In my opinion if Bitcoin or any decentralized coin becomes overly popular, the government will take steps to either control it, make money from it, or simply ban it by making it illegal like what China did.
  25. Kakashi2020
    Unlike banks and payment processors like PayPal, sending Bitcoins as payment only cost a few cents. Also Bitcoin transactions are on public record, this means it's very easy to prove that payment has been made. What are other advantages of using Bitcoins?
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