At the moment the fees are ridiculously high to send bitcoin so that is a bad time to brag about the new revolutionary system.
My first thought was that this would be very bad as the first impression is that a lot of the money you invested is just ate up by the fees which will leave a very sour taste.
From what I read most people come in because of the gains at the moment. I get asked how to buy and store Bitcoin but I can already tell it is not because they believe in the cause of it, they want to multiply their fiat and once they have enough go back to it.
A friend of mine asked today if crypto currencies are legit or a ponzi via facebook. One comment spiked my interest by a guy I know also (and dislike btw) who told him to get into bitconnect.
We discussed a bit but he was convinced it is legit and bragging how much money he makes.
He also wrote he will write Bitcoin and Bitconnect for a while and then cash out because Money is the only real thing.
I strongly believe in Bitcoin, its success and its cause but I am also worried at the moment.
Largest Exchange CME Group (NASDAQ: CME) will begin initial lists of bitcoin futures on December 18.
Bitcoin enthusiasts hope that the launch of bitcoin derivatives will allow institutional investors to invest in the digital currency trend, helping to make bitcoin a legitimate asset class and pave the way for an exchange-traded fund .
Elsewhere in the cryptocurrency business, Bitcoin Cash was at $ 1557, while Bitcoin Gold was at $ 274.11.
Ethereum, the second-largest market-cap currency cryptocurrency after bitcoin, was $ 664.93.
Bitconnect is pure ponzi. People should be ware. Upvoted. Pls follow back
Really strongly believe in Bitcoin..thans for share.
I think bitcoin is what it is and I think maybe the people behind it don't want it to change. Just like buying gold there is a premium, and it's for storing larger value. The thing I don't like is that you usually have to buy into the market with bitcoin and its freaking slow. Hopefully you can soon buy altcoins directly with fiat like they do on the Korean exchange whatever the name is
Decentrelazied exchanges will be coming with fiat pairings.
This will be great.
Faster and more secure.
For Bitcoin...there will be lightning network probably so it will be fast and cheap again.
That sounds like music in my ears ! How about the atomic swaps do you know how it will work ?
Good article @flipstar.. Voted :)
Regards from Indonesia :)
Es ist die Frage, welches Geld ist der Anker. Für die meisten ist es FIAT, weil sie es täglich nutzen. Das wird vielen zum Verhängnis werden.
Ganz ist das auch noch nicht aus meinem Kopf. Ich rechne auch noch um und schaue wieviel mein Portfolio in $ wert ist etc.
Aber das Umdenken kommt
Ja, ich rechne auch noch um. Man wird ja dazu gezwungen...
Gosh, I sometimes get tired of explaining crypto to people. I think most bitcoin holders are worried, but anyway, we should just stay relaxed because we believe in the future.
Best would be sleeping pills for 2 years probably :-)
Hello friend! flipstar
Hello @flipstar
This got me laughing but it's very true. Money he claims is the real thing is just paper. I hope to invest more into cryptocurreny and be part of the decentralization process.
No need to be worried, in a long run, things will be better than they are today n maybe charges on transfers will be removed.
@learnandteach01
You are right!
Should focus on the longrun.
i think after bitcoin reaches its full potential..... people will start shifting to low cap alt coins and i think they will go fr currencies like dash zcash other than developer platform currencies making these currencies gud long term investments... better switch b4 dis happens
People are doing this already.
BTC reaching its full potential will still take some time