Of course inside our own wallet, many things happened with the exchanges these years and more importantly they are a target of the hacker. The probability for them to screw you is bigger than holding it on your own, I do not have any trust left.
Remember what people said, you do not have the keys that mean you do not own the coins.
Exactly that’s why I encourage people to store their coins in wallets that they have access to their private keys. You only use exchanges to trade cryptocurrencies and not to use it as storage. There are news of people who lost their money in exchanges and they can’t do anything about it which is quiet sad and infuriating. Also, if you want to trade then better pick trusted exchange. If you want to be more secure you can buy a cold wallet. |
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The problem with most of these newbies is that they want to have their $1 turns $1000 in a week and this don't end well, we have all heard about a story of people investing so and so amount of money in a project and make 100X, but the issue with most of them is that they don't know that there is no free meal anywhere
The biggest problem is that they are given incomplete information, it is true that those that invested in bitcoin when it was really cheap have gotten profits like that, but what they are not told are all the very special circumstances in which this happened, bitcoin is the best coin in this market so very few coins can give profits like that, also the time it will take for a coin to give those kind of profits cannot be measured in weeks but in years or even decades. Finally all of those that want to obtain those kind of results do not have any knowledge about how to invest in any market and yet they want to become rich very quickly and we know the chances of that are very low. Apart from the Incomplete information doled out. Newbies are largely affected by impatience and inability to seek knowledge. They see cryptocurrency as a get rich quick scheme because of juicy stories their friends passed to them. And these uninformed cryptocurrency enthusiast make up the majority of the numbers. In a way I can understand that newbies do not really know about the history of this market and how it has evolved over the years and I can understand as well their enthusiasm to be part of this market, what I do not understand is that after months or even years they refuse to learn about this market and how it is impossible to get rich in just a few weeks, then those very same newbies as it could be expected lose all their money and then they blame the market for their losses when they are the ones to blame for having unrealistic expectations out of it. So it is really disappointing that people like that are the majority of the users in this market but I think you're right in your assessment. These people who are driven with false expectations had failed themselves. If you were to invest your money especially when we talk about a massive amount then be responsible enough to educate yourself rather than just using your emotions but do not really know how the market moves especially in the world of cryptocurrencies where the prices faces high volatility and if you don’t know or familiarize yourself about this then you’ll end up in the losing side which would make you inclined to cut your losses fur to panic and find yourself regretting or blaming the cryptocurrencies because of not doing your part. |
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However, would it be possible for in the future for governments around the world to create a cryptocurrency as a means of trade to replace fiat currency? maybe 100 years from now it will be possible to do so, but it is impossible today because there are many governments that invoke the sovereignty of their governments to refuse many things when those same people of governments who invoke sovereignty issues like to accumulate their wealth in US dollars and buy homes and other properties in rich countries like the US IMO.. 100 years from now is too long, I predict that governments from various countries will adopt cryptocurrencies in the next 35-50 years. the governments in various countries will not replace fiat currencies, they will make fiat currencies and cryptocurrencies in circulation together. That’s what I thought too since fiat still has its own uses and conveniences that cryptocurrency may not provide and it also goes the other way around. With that amount of time from our time, I see that the cryptomarket would have a massive volume which would mean that price spikes would not happen much due to low volatility which is quiet good in the aspect of mass adoption throughout the world and also that doesn’t mean that traders would not still make a reasonable profit but rather it is now much safer and healthy. |
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Purely theoretically, China can take control of bitcoin, as He is one of the leaders in Bitcoin mining. But I do not think that he will do this, now China is more interested in creating its own crypt, which will be 100% under its control. https://neironix.io/news/china_plans_release_national_dcrpChina cant take control of bitcoin no one can! That is the beauty of the network. Can someone theoretically 51% it yeah, but the economic incentive is not there to 51% it. How do peoe think that a single government entity can take over bitcoin...I dont think you understand how bitcoin runs. Economically it may not make much sense. But from a government point of view, it can make a lot of sense. They can spend a few billion USD and destroy the credibility and reputation of Bitcoin forever. But spending such a huge amount of money from this purpose can never be defended before the public, unless they can prove a credible link between either crime or terrorism with Bitcoin. Well... they will never get such a link, because it does not exist. That’s a lot of money and if they do use it to destroy Bitcoin then that would mean that 90% of that amount can only be returned to them. The thing is that it is not worth it to use that amount to destroy Bitcoin but rather they should use it to a more productive way that would help and benefit their country. They don’t need to defend this decision to the people because in the first place they would not make this decision of wasting the money of the people. |
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I'd like to see this one. However bitcoin supply is finite thus, it won't last at some point in time. Though price is fluctuating but in some point in condition. In addition, bitcoin in by default at exactly every 4 years supply is halving which on the other hand has a direct effect in the economy. Bitcoin can act as money but fiats cannot act as crypto.
I disagree with your statement that Bitcoin’s limited supply would hinder being used as standard monetary system. We should recognized the fact that Bitcoin has eight decimals hence even when the price soar high then I think it would accommodate the need of the people. Though in your last statement, I am with you. |
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It's a nice picture, many people still don't know much about Blockchain, but that will change. A logical assumption is that we need to focus on education, spreading knowledge. It's something that we are doing all these years, but it's time to push harder. If we focus on that, people will learn about Blockchain, more people will be involved, the prices will grow.
There is no need to learn blockchain because not all of us are going to become blockchain developer. The main focus should be on the products of blockchain that start from crypto currencies and what benefits are provided by these institutions. Though the understanding of blockchain can give a good idea about the importance and future of its products, but adopting the changing trend is enough. We do need to learn about Blockchain but only the basic ones. Going technical is up to you whether you are just simply curious or would like to use this as a way to learn new skill that you can use to earn bitcoins or some other cryptocurrency. Learning the basics would provide you solid grasp and understanding as what is happening behind the transactions that you are doing. Since it would limit us asking and wondering why does your transaction process slower or what fee should I pay. |
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Actually one of the main reason why the government wants to ban and put a limitations between the using of cryptocurrency and blockchain technology is because they are afraid to the people who are open minded nowadays and have a knowledge on what cryptocurrency and blockchain is. The government are afraid that when the cryptocurrency accepted by the people then it would be possible a global currency in which the government cannot control the flow of the money all over the world. We already know that the government was the one who controls the money system in the country so when the crypto becomes the global currency then it would be a problem for them because they will not be able to control the money because of the reason that crypto is decentralized.
The government may be afraid of people knowing what blockchain and crypto technology is but the reason is not that they are afraid of people accepting crypto as a global currency, the reason is that they lack management in this new technology, they cannot control the volume and flow of money as you say. And this may be an opportunity for countries with the ambition to attract cash flow of other countries, economic war will again occur and it is a threat that makes the government want to handle crypto I think the purpose of Bitcoin isn't about engaging the world in an economic war but rather to provide freedom to the users. Through Bitcoin, we were able to trade freely especially when the product is not locally available and also if it exist online. This I think is one of the ways to utilize Bitcoin. We can observe the news that major countries around the world are pondering about the idea of blockchain and accepting the fact that they can't truly control it that's why they are considering to release their own cryptocurrency backed by their central bank and even gold. |
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Deflation is the opposite of inflation. Inflation is directed upward while deflation is downward. The fiat currency is deflating because it is losing value over time, while the prices of goods and services are inflating, and as a result the purchasing power of the fiat currency is getting weak over time. Bitcoin is inflating because its value is increasing over time, the exact opposite of fiat. The rewards of miners, however, are deflating due to halving which happens every 4 years.
I think everyone knows that but the thing is that the halving exist in order to keep up with the rising price of Bitcoin as well as to extend the reward that the miners receives because if there is no halving then all or almost the supply of Bitcoin are mined. Also, with Bitcoin the prices are deflating and I think this is a good thing since we don't get to lose the value of our assets unlike in fiat where you need to spend it rather than saving it especially when we talk about long term since the value gradually declines. |
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The thread title seems to go against the content of the thread because keeping Bitcoin will make it underutilized. I agree with the start accepting Bitcoin, because that will help it circulate, change from one hand to another hand but keeping it will just make it idle in our wallets making it underutilized. I disagree, currencies are not only meant to circulate and to be used as a way to exchange goods and services among people, another characteristic of currencies is that you should be able to store it and it should keep most of its value regardless of how much time passes, this is why people love to hold gold because it is a great store of value and any currency that wants to pass the test of time needs to have that characteristic and fortunately for us bitcoin does. Isn’t that the reason why in the past, printing fiats depends on the gold and silver reserve of the country since it has no real value unlike gold that’s why it is always backed up and unlike now where fiats like USD for example is very strong hence they could stand these test but of course it is still prone to inflation. Bitcoin on the other hand is decentralized and have limited supply compared to fiat which nowadays can be printed with no real restrictions. |
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I have the feeling that some big banks most have secretly been backing some altcoin to possibly defeat the bitcoin, they have since realise that bitcoin is bitcoin and ripple is ripple no matter how you try to market XRP, bitcoin remains their king. It's a matter of time before they will realize they have toy with real technology.
No matter what the central bank or the government authorities tried to control bitcoin from its adoption, time will really come that bitcoin and blockchain will have its full usage from the people. With this, transparency is all the matters that will make our world out from corruption and makes it a better place to live in. We do know all we can see in the blockchain is the record of transactions that have been made but not the details and who those people are. You can search it on the net or anywhere where traces are left but honestly I can’t really say in what way would it help corruption but if you are saying it with regards to Blockchain only then I would say it is possible to create a cryptocurrency with this feature but why would those who are corrupt use it then it would comes down how the government would sell it to their citizens. |
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We can’t really say how negligent the owner is since we are talking about $24 million worth of bitcoin then surely he had gone through possible security that he could muster in order to protect his assets but the thing is these criminals would always find a way and as the technology evolves then so as their methods. At this time, I think it would be smarter if we buy a cold wallet where details regarding that wallet along with the private keys should never been recorded kr transmitted digitally but rather a person should keep it physically and store it somewhere safe or if you can memorize it then why not but that would be too risky.
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We seen a confused market state in today's situation because the market condition may be going to upper direction suddenly that's why everyone try to invest in it and the value also increasing so we can make our Prophet easily when investing now in our future that is the opportunity giving time
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it has become a risk in investing with cryptocurrency is very difficult to predict the development of cryptocurrency in the future and with confusing market conditions like now it requires confidence and patience in its investment and it's the main capital clever in utilizing every opportunity we will get At current state, yes we can say full of uncertainty. But always remember that in times like this, an opportunity emerged. Now or if bitcoin continues to slow down, it is a great opportunity to accumulate or buy more. Halving is next yeAR, and once market recovers it will continue to grow before halving and months after it. I honestly don’t really expect much about halving as major factor for the price to turn around though I am hopeful for other big news that would come like what would China do with Bitcoin and those who are mining it whether they could somehow negotiate these miners to lend their hash power with their newly soon to be released cryptocurrency. Will Argentina’s economic crisis would continue to interest people in amassing Bitcoin and would go to point where it would somehow become a significant factor for the price to rose up? |
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No matter how successful bounty project is, if participants are way too much and the bounty campaign has no limits you will all get too low rewards, this is where many are confused and complains that they only get 10$ from bounty after weeks of working, apart from price dumps this is another thing you should set your eye on.
Assuming a bounty pool worth 100k and thousands are waiting to get their shares please learn to use calculator sometimes, no matter how long the weeks are what you will get will be unsatisfying already.
Yes, it is true that the bounty campaign does not provide a limit on the number of people who can participate in eating if the project is successful and there are a lot of people participating in it, so the rewards can be said to be small because they have to be shared with that many people, in contrast to some campaigns that provide the number limits for people who participate so we can count or estimate the amount we can get later. If you join earlier that is before the ICO starts which the number of participants is quiet low then you would definitely get a decent amount of tokens or coins. But what I'm looking for really is the percentage of the supply that they are willing to give to the bounty participants since I think that's better than by setting the amount of token which I don't know how much it really is since you can't rely to their ICO price since as we know that it mostly doesn't reach it when the time comes that they will list in an exchange but sometimes they would not even list it and just ran away. |
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In my own point of view, if all countires all over the country wjll start to convert their fiat into cryptocurrency, it will be now convenient for every crypto users to used their crypto to buy the things that they need without cashing out or converting it into fiat. Cryptocurrencies such as bitcoin will have better chances to increased it's price.
China is planning to launch its own crypto currency and many other countries are going to do the same. Digital currencies are the new ways of doing money business. No country of the world can resist this phenomenon for long. Everyone has to accept them. The earlier someone does, the more he will benefit out of crypto coins. Once this happens, life will become easy and time will be saved. China is planning to launch a stablecoin based on CNY. It has hardly anything similar to the other cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Other countries such as Canada and India are also planning to launch similar stablecoins. I would not classify these coins as cryptocurrencies, but rather as digital version of the fiat currency. Yes, more controversy were taking place relative to the creation of their own cryptocurrency. Canada is already a technology supportive country, and the initiative taken by them isn't a big surprise. India was opposing the usage of cryptocurrency within the country, and now it has come up with some positive news, but that doesn't seem to be the way for their won cryptocurrency development. Well you will always have the feeling that this new national cryptocurrency launched by the state and backed by the central bank would be backed by gold or/and silver for example as what any fiat who had started had been done but eventually they would cut the national reserve with the fiat making them able to print as much fiat as they want and I am afraid that it would be the case when they run these new cryptocurrencies. What cryptocurrency would they run? Is it decentralized which I hardly think they would do it? Is the supply of cryptocurrency finite? |
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I think it is impossible, for taxes are lifeblood of the socuety. It is a means for the government to carry out their functions so it is necessary for the existence of the government. Without it, the government cannot continue, as it need to pay expenses too. What can a lifeless government do? I think it will also affect us. Though taxes are often corrupted or use in personal gain, I think it is not ideal to remove taxes. Maybe better to reduce it.
It's not the tax that needs to be looked into but the people in power utilizing the taxes that people are paying for. It's obvious that we can't go taxless. It's logical of course. What needs to be done is to have people up there who can take their personal agendas behind them and think of what's good for the people paying tax. That's the hard part of it. These people who are supposed to be responsible for making any community or country better, almost always think of getting their share of the money. That’s the challenging part really. Since taxes are needed to run a country and provide opportunities to the people then I also do believe that it is impossible for a taxless society to foster. It would eventually weaken the security and the welfare of the people. The thing about choosing a leader is that these politicians would try to sell themselves with good promises but when put on the post they would not be able to uphold it. And sometimes to select a leader is quiet limited like in the US where there are only two partylist and two running president and you would have no choice but to choose which is less worse than the other. |
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If 2019 should have been reversed back to 2017, just these once what would decisions will you revert?
I would definitely sell at the right time before the price would reach its peak. I think waiting for the right time at that time is are not really waiting for it but rather they are greedy and hopeful that it would go further. A suspecting person would notice it immediately that something was pff because new ATHs are going on for months and I think that’s very unusual considering the price when the year had begone. No one had been expecting that and surely I would sell half of my BTC just to secure the profit and slowly sell it as it goes up. |
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Well, that's actually the research show and not just on trading but in fact into crypto itself. Men are more into technology and investment while women are more focus on their respective careers. However, they are great on handling money and just invest on what they think it's best. Trading not have know with your gender male or female,
It is and as long as you profited good, it doesn't matter. It's just that men are more keen on details in graph and can think more logically. Don't get me wrong on this, I'm also into gender equality. I think it is hard to say that. I knew some women who are into with cryptocurrency more than some of my guy friends. I think it is more than just the gender if you think about it. It just so happened that the number of males who are into with technology especially some nerdy stuff than female though it is a matter of what the person's interests are. It all comes down to their environment and how open minded they are in accepting this new kind of way to earn by trading. |
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most of us have not used crypto for shopping and I am finding it difficult to find a reliable site to purchase goods as most of the sites which accept crypto are either shady or Grey sites. But there are some e-commerce projects based on crypto which will give a push to crypto usage in terms of shopping.
Before we even come down to the issue of having a reliable site that is accepting cryptocurrency or bitcoin, I don’t think that I have even seen up to 10 companies that are accepting bitcoin out of the millions of companies that we have. I understand that adoption rate is still very low, but even with the low rate of adoption, there are so many companies that are holding cryptocurrency here today for the purpose of bull run, and I think that it is high time that many people start introducing bitcoin into their own platform for payment and not just buying bitcoin alone and expecting that it will rise without adoption. What will create adoption more is when there are places where we can spend our cryptocurrency. It is only in the gambling section that I can say that they are trying. Then you should again do some research. I can bank on this that only the number of gambling sites that allow playing with bitcoin is more than 10 in numbers. Bitcoin is a digital currency, belonging to the internet first. It is highly being consumed in other webs by users. Also, it is just a matter of time before bitcoin goes mainstream. Starting from ten companies, it will get accepted by millions of them. A bit of patience is required. We cannot calculate the exact people who are using cryptocurrency for commerce, but in my own analyzation, most of them are using it for commerce we they are actually using their own crypto to support particular projects and ICO. We actually call it e-commerce because using cryptocurrency since it is digital money we are using it to electronic commerce to purchase goods or support a particular campaign by investing because we are purchasing also to them. In terms of using crypto, I can say that it is way faster than any transaction physically since the internet is being used. Actually there are now online shopping platform that are now accepting bitcoin as payment. Bitcoin is now considering as an asset and the demand to it is continuing to grow. Actually, many more people are now prefer to use it than fiat money in terms of payment. Don't worry if now not available using bitcoin for currency digital payment with offline and online shop transaction I think later when bitcoin have higher price many companies and governments want adopt and make bitcoin become legal transaction digital currency payment. someday it will happen , when many companies and government recognized as product of technology bitcoin adoption will happen soon. Bitcoin will bring more effectiveness and Investment value . today we see bitcoin already traded in futures and it means giant companies already considered it as good portofolio ,in near future when bitcoin bearish trend finished we will see price increase smoothly and many merchant will start accept bitcoin legally. Maybe the time that you are saying is when the time where the price pf Bitcoin would be much more stable because for now since there are a lot of potential for price to shoot up then people had been treating as a form of investment seeing how valuable it is than using it on commerce. Though there are people, business who are using it for commerce but some people aren’t willing to spend it but rather they would prefer to hoard it or just trade it. I think is farther in the future for this would happen. |
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4. Paid-to-Click PTC Websites: There are many PTC websites that will pay negligible amounts in Bitcoin for clicks and views theirs adds
This website allows users to choose between viewing ads that are 5 seconds, 10 seconds or 20 seconds, with different fees being awarded for each but you need to searching trust proof site with payment proof.
This is a waste of time. But the other ways that you had mentioned would earn you quiet a decent amount of BTC. Though people coming to Bitcoin or in cryptocurrency in general expecting free money is funny. Even though you don't use real cash to buy Bitcoin but in order to acquire it you need to pour your time and effort along with your skills which some of it you can learn online like editing. You can practice the way you construct your words in a forum like this one. It is a matter of dedication and hardwork. |
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I only have one concern about crypto,
Cryptocurrency such as Bitcoin should not have a huge transaction fee. Because in order for Bitcoin to become the world's leading cryptocurrency, it needs to be utilized by many people around the world. And if they can see the transaction fee is quite high, they might end up choosing other cryptocurrencies
Your concern is my concern also. Though in the moment there are implementations in the blockchain of Bitcoin where the transaction fee is quiet lower compared in the past especially in the time where the blockchain had been flooded by many transactions which a lot of people suspect that there was a group spamming the blockchain which later on been overwhelmed and the transactions would get through for days leading people to use higher transaction fee. I hope that it would not happen again in the future as more people would be inclined to use Bitcoin as mode of payment. |
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