Some people are asking, "How can Bitcoin helps the world's economic?"

I think this is the right answer. Bitcoin has become a currency for a nation that is currently supporting all kinds of people. Bitcoin has become as an international currency at this point. Once again, technologies help the world to solve its problems. This can raise Bitcoin reputation among economic discussions. And also will give positive mood to Bitcoin markets.

Many of us use bitcoin only in exchange/trading site, while bitcoin should be more used in marketplace/online shop. Which one do you choose? Do you prefer to use bitcoin on a trading site or marketplace/online shop? And why do you chose that?

As far as I am more and more in it, I can do some conclusions.

1) People are mostly not using the Bitcoin (altcoins as well);
2) Crypto-enthusiasts are real enthusiasts only when the price goes up;
3) Even considering there are more crypto-companies appear which offer their services, and more people join our community - the level of crypto education and adoption is still very low;

Almost 95% of all people in crypto I know personally are holding or trading, but not using it to its functionality. I cannot judge anyone for this, but let's be honest - it won't bring you any money if you just will buy it and wait.

So, there is a question: "How much of you use Bitcoin or any other cryptocurrency to its full capacity?" I am curious about this because as for now it looks like there is only a small group of people making some contributions.

Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.

Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.

Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.

An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer

If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.

But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.

How make you sure to safe your Bitcoins?

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?

If you want to secure your bitcoin there are two ways to keep safe it.
1. Online wallets.
2. Hardware wallets.

If you chose  number one you have to take some steps for keep safe your bitcoin.
1. Take a very heard password.
2. Keep your password in a very secure place.
3. Don't save your password in online.
4. Activate two step authentication.
5. Don't share your password to any one.

For your help give some trusted wallet links...
1. https://www.coinbase.com
2. https://www.coinpayments.net
3. https://www.blockchain.com


If you chose number two you have to pay some money for keep safe your bitcoin but i think this is better to keep your bitcoin in a hardware wallet. It is more safe then any online wallets...

For your help i give some trusted hardware wallets link.
1. https://www.shiftcrypto.ch/
2.https://www.ledgerwallet.com/
3.https://opendime.com/
4.https://trezor.io/
5.https://tangem.com/

So now its your choice that how to keep safe your bitcoin now.......😊😊😊😊😊


Your ever😊

My friend in Canada told me that bitcoin payment has been used in KFC. What does that mean?

Bitcoins have made people head spin for 8 years now and become unbelievable since December 2017, when the value of 1 bitcoin rose up to 20 000 USD! But how this phenomenon appeared, what are the causes of this craziness… Found out in this article
https://blog.bitspark.io/why-is-bitcoin-making-the-world-go-crazy/

I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !

BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?

There are two opinions in the crypto world: some people consider cryptocurrencies digital gold, while others believe that cryptocurrencies will be used as means of payment.
 
The first idea is quite convenient. You can just do nothing. For the first time ever, doing nothing has actually become a heroic deed – people are proud to be hodlers, proud to do nothing with their cryptocurrency. But do you really believe this approach will change the world? Seriously?
 
Let’s be honest. Real crypto communities – there are few. There are few people who own cryptocurrency. The number is vanishingly small. Crypto prices will not grow while there are so few of us. The demand is just too small and there are no drivers of growth.
 
So, what should we do? Is there a reason to just sit and wait for cryptocurrencies to grow? I believe there is none. The only possible solution is that people actually start using crypto in their everyday lives. The number of crypto transactions should amount to hundreds of millions a day. Then, and only then, will cryptocurrencies grow in price.
 
Personally, I see no other options. However, this cannot be handled by one man alone. The whole crypto community should do this. You may ask: is it possible to live paying with cryptocurrencies only? Judging from our experience –  yes. Moreover, we have video proof: here is a story of a guy from Scotland https://www.youtube.com/watch?v=Gb_yVnkHSFs and here is a story of a guy from Thailand https://www.youtube.com/watch?v=l09U16Oqbck.
 
People will say I’m biased, since I founded a project where you can sell and buy goods for crypto. Yes, it’s true. Still, I’m more interested in expansion of cryptocurrencies than in my project’s expansion. In fact, I founded it for one simple reason: I’m sure that hodlers will never change the world. But we will. We should just learn from the guys in our videos who pay with cryptocurrencies in everyday life and make cryptocurrencies valuable.  

Do you think that Bitcoin has become too slow to compete with the relatively quick alt coins out there? Is it realty competitive to have a slow community rather than a centralised decision making in development?

In other words, does the community effect of decentralisation enough to counterbalance the difficult decision making processes?

In the past and recently, there are some who say bad about bitcoin, that bitcoin has no real value, there is no guarantee of value and assumes that the price will be zero. But everyone should know that the property other things like gold, silver or even money in your pocket are valued by the trust of the people with the central bank. Some countries do not manage the currency like venezuela or zimbabwe paper money fell dramatically. To me, the value of bitcoin is trust in algorithms and trust for network consensus. This belief is very certain because the network of bitcoin is extremely reliable. What is your thought like?

A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.

Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.

As the fastest growing religion in the world, Islam has become a central issue for financial authorities of late, with the International Monetary Fund (IMF) holding their first formal discussion about Islamic banking needs last year. In Islam, commodities with an intrinsic value (gold, silver, salt) are considered currency. Fiat money actually stands on thinner ice than commodities when it comes to being considered Islamic money – digital or paper money is usually only permitted if it is backed by a commodity of intrinsic value and at a fixed exchange rate. The gold standard allows for gold-backed currencies to be Sharia compliant, for example.

Bitcoin has been a difficult currency to quantify, acting as a commodity and a currency all at once. It does, however, fall under certain definitions of customary money in Sharia law – anything that becomes widely accepted as currency by society or government mandate.
Mufti Muhammad Abu Bakar, a Sharia adviser and compliance officer at Blossom Finance in Jakarta,  published a paper on whether Bitcoin is Halal (permitted) or Haram (forbidden) on Tuesday 10 April.

The paper essentially ruled that in certain cases, Bitcoin can indeed be Halal, permitted.

An excerpt read:

“In Germany, Bitcoin is recognized as a legal currency and therefore qualifies as Islamic money in Germany. In countries such as the US, Bitcoin lacks official legal monetary status but is accepted for payment at a variety of merchants, and therefore qualifies as Islamic customary money.”

Sharia has strong ideas about the preservation of wealth, something that has led ICOs and the volatile crypto-trading market to be viewed in a negative light. Bitcoin and blockchain technology, however, actually align well with Sharia ideology. Fractional reserve banking where ownership of the money involved is considered usury, which is forbidden. Because blockchain undeniably proves ownership, it is actually more compliant with Sharia than banking, and this was all included in the paper published by Mufti Muhammad Abu Bakar. The ruling comes only one day after a major Islamic scholar conference concerning cryptocurrencies, demonstrating that this has become a pressing issue among the Muslim population.

As Muslims account for almost 1 in 4 people in the world, the ruling could open up the market to many investors who were previously avoiding it for religious reasons, something that we may well already be seeing with the recent surge in Bitcoin value.

Bitcoin could become illegal in all countries that bans child pornography after discovering this: https://www.sciencealert.com/bitcoin-illegal-almost-everywhere-after-shocking-blockchain-discovery-child-pornography

What can you say about it?

One thing that really surprises me is how some new projects come into blockchain and start spreading false news and making baseless analysis that bitcoin will fail all in the name of making their own project a success. In crypto, we should accept that bitcoin is the KING and anytime bitcoin falls, all other altcoins also fall. I have read news where people were predicting that bitcoin will go back to 1k and now that bitcoin and other cryptos are down, they are changing their predictions to favour bitcoin. This all proves that their plans backfired and they are beginning to realize that when bitcoin is down, most other alts will be down. All these news we spread rather drive away investors and at the end of the day, we all lose. Why can't we unite and spread good news rather than hate one of our own?

The scammers and crooks finally won! Congratulations because even your fiat will be near worthless at some point too! The economic freedom of the people is once again destroyed by the animalia raised by bad handlers.

To the "Lending" companies (hey man, do you think I can get my money back soon), I salute you.

To Bitmain and "the plan", I salute you.

To Wall Street who always knows my future, I salute you.

To the newbie crypto-millionaires, who only like the part about making easy money, I salute you.

To the lower middle-class who borrowed all the equity in their homes to buy crypto and told everyone about it, I salute you.

To the SEC who will wait until every crypto is worthless to go after anyone, I salute you.

To the old school crypto nerds, who cashed out in 2017 when they saw what was coming, great job!


I still remember the days when getting anything over a 1% yield on a bank account was something to brag about.

One day I will tell my grand kids about the time in 2017 when everyone except politicians were happy and it was a joy to work at any job because you had real money that actually could make you more real money. Time to find the next bubble...

I have seen many threads talking about should I sell now or wait till BTC moons. When I see these threads I marvel and move on to check on different topics or threads because I know the person doesn't know what he is talking about. Diving more into cryptocurrencies, when you sell now it means you are a coward and don't even know the kind of cryptocurrency you are dealing with. One thing is that, its really kinda pity to see those topics raised. I have set a goal and until that goal is not, I will never sell BTC and that's me.I want ask that is it because those selling the coin are newbies and are afraid of loosing some small $s or they haven't read much about bitcoin or the cryptocurrencies or they have low knowledge about the blockchain technology?      

From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .

Bitcoin exceeded $ 10,000 in 2017. What's going to happen to Bitcoin in the coming year?