Bitcoin, technology that does miracles.
All of us know that Bitcoin is a new technology based on blockchain, but what can be done by Bitcoin? well, first of all, more than hundreds of thousands online shops all over the world accept Bitcoin as a money to buy their products with, secondly, you can transfer as much as money you want without the interference of central banks. this causes many people think of it as a miracle.
You don't need any permission and also no written contract or signature from anybody to own millions of dollars in Bitcoin, this means that you can easily convert millions of dollars to Bitcoin assuming that you know how and easily you can hide all of those money from the records and you would be able to avoid paying some of your taxes without actually doing anything illegal because nobody can prove that you have all of those money if you don't tell them. Bitcoin would give you complete financial freedom, no doubt.
The other point about Bitcoin is that you don't need any Swiss bank to hide your money if you don't want anyone know about how much money you have. you would be able to carry millions of dollars on a piece of paper and no one knows anything about it.
This must be said that many illegal jobs which are crimes in most of the world has become easy to do because of Bitcoin, in fact
This is one of the disadvantages of this electronic currency, another disadvantage is the fact that you or anyone else can do
Money laundering without fearing of the law, you can blackmail and no one can follow your transactions back to you. all of this
Doesn't mean that Bitcoin is bad.
What makes Bitcoin a miracle is that you are your own banker, doesn't make any difference how much you have, if you deposit
A large sum of money in a bank, they start asking many questions that no owner of Bitcoin has to answer them.
Bitcoin technology now a days is most successful and the most popular crypto currency of the present times and not only among crypto currency , bitcoin is very successful among other investment too and the evidence being its millions of investors who are investing a lot in bitcoin and specifically the bitcoin whales, so the bitcoin technology has brought a new revolution to the society and has opened many job opportunities for the millions of people around the world. |
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Hi Friends,
What are the reason behind Bitcoin and whole crypto market fall.
Is this SCAMS or SPECULATIONS???
Few days back I read news about a big Bitcoin scam busted in Gujarat state of India.Its approximately $314B( INR 22000 Crore).
Also every day news came from different parts of world about same kind of scams.Are these scams also responsible for crypto market fall and halt growth of this new technology???
****Note(02/09/2018):- Hi Friends,
Thanks for the discussion.I just want to clear few points that I never call Bitcoin a scam.I am just highlighting a news published in a top most news paper of my country.Bitcoin is used to scam people by BitConnect.Latest update about this scam is much more money involved.
From that news following points came into light:
1) A big chunk of money disappear from market because scammer run with that money.
2) The investors who already invested never think or maybe hesitate to invest again.New investors if came across this news try to avoid this market.
3) Because of these kinds of scams RBI and Govt. of India try to restrict transactions related this market which intern affect this market.
I read same kind of scam cases came into light from different countries like Indonesia, Malaysia,Thailand, Japan, Canada UK etc....
I also read a news that many prominent crypto exchanges and crypto personalities joining hands to ride out these kind of scams.I hope they will succeed in their mission.
More over this post is not to panic any one but to discuss and spread awareness about this new market.
All the crypto currencies are the great investment of the present times and thus now there are more people in the world who are investing into these crypto other other than other kind of investment and apart from being a kind of investment they all are volatile in nature and thus there valuation keeps on flactuation with time according to market demand and supply, as there is now more negativity of bitcoin so there is less demand of bitcoin as people are fearing in investing in crypto and thus leads to decrease in valuation but still there are assumptions that the valuation of these crypto will increase in coming months of this year. |
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I know that it's kinda 'big' question but it will be great to see what the community think about that.
what do you think can cause the price to go up?
Bitcoin is very successful, most popular and the most trustworthy crypto currency of all and the reason being is its potential, bitcoin is very potentiating crypto currency and there are many factors which makes bitcoin so successful and the most important feature of the bitcoin success is its safest and the most confidential transactions, this is the reason why millions of people are investing into bitcoin with satisfaction as its transactions does not involve any third party seizure and provides complete user anonymity. |
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Hello all. The current situation of the market is not so good. I believe that some of you are panic, some are giving up, some holding to die.  Could you please share with us your current investment strategy so that everybody can learn from your good practices and overcome this tough time?  When I was a newbie to the bitcoin, I have been told several things that I need to learn before investing into bitcoin, the top most thing is that bitcoin is a volatile crypto currency and thus I have to be very patience while investing into bitcoin and have to be very precise with the buying and selling of bitcoins as these things can gives us the very great profit so this has become my strategy that I has now learnt to hold my bitcoins in the time of deflation so that I can earn very good profit in the time of inflation. |
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I reflect on the fact that lack of regulation in the field of crypto currency, gives wide opportunities for scam projects. And it will not be possible to regulate the cryptocurrency, no matter how much the goverments want to do it. In the fact that in the world of crypto, lots of scammers and they remain unpunished, I see one big plus.
People will be forced to learn to be more insightful, calculating and rational or will be scammed. Protection from the state decrease our instinct of self-preservation and slowed our development.
Crypto currency will make the next generation of people smarter.
Let's discuss this topic.
Introduction of crypto to the economic market is now considered as a boon for the humanity and as we all know that our world is moving towards the digitalisation with a very fast speed and every one is just becoming so modern and if I specifically talk about my country India 🇮🇳, then our prime minister has started a digital India 🇮🇳 program and these crypto currencies are the digital form of currencies and makes transactions safer and easier and no doubt making people smarter with increasing technology. |
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What is our assurance that Bitcoin will stay for long or forever? There is a prophesy I have heard that Bitcoin will fall.
Can you share some strong reasons of why Bitcoin will last?
Bitcoin was introduced in 2009 and since then it has made its existence and has made its very known position in the economic market and if we talk about the present status of the bitcoin in the economic market then bitcoin is on the top of all the crypto currencies and of all the investment and on the top of all these these crypto are considered as a threat to present Fiat currencies and by its potential, bitcoin has also made millions of investors so I think these are evidences are enough to prove bitcoin sustainable and I think it will last forever. |
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Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
Bitcoin transactions are the safest and the most confidential one and thus is the most important reason that makes bitcoin so successful and so popular among all kind of investment but on the same hand we also know that bitcoin is decentralised crypto currency in many countries so I don’t think that it is right for now to invest all your savings into bitcoin, no doubt bitcoin is very potentiating crypto currency but till it not get centralised, it is not justified to invest the entire savings into crypto. |
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I'm extremely depressed about my impatience and persistence.
I'm a stupid man. Fuck myself.
I bought the ETC when its price was 15$, i kept it for three months, including when it down at 9$, I still don't sell, because i believe it. And when ETC rise to 15$. I sold everything and waited it down $ 13 to buy more. But, fuck myself, the next day it rise to fucking 30$, Are you kidding me?
I bought 5000 XRP from May, i still believe it, I bought more yesterday, I bought when its price was 0,00001610sts, and when it down 0,00001558, i afraid BTC up, XRP down. So i sold everything. And... This morning I woke up with a sense of chest not say words.
This is my mistake, definitely like that. I can't blame anyone.
I told myself, "The market is still there. Nothing to hurry"
I don't complain, i post here just relieve stress. I didn't tell anyone about this, including my wife.
Thank for listening.
When I was a newbie I was told to remember one thing very well that if I want to make profit in bitcoin then I have to be very much patience as the valuation of bitcoin is subject to very much flactuation and it flactuates very frequently so I need to be very much patience and second most thing is that I have to be very precise while investing into bitcoin that when I should buy and then when to hold and the right time to sell my bitcoins, so holding in bitcoin investment is very much necessary to make good profit. |
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How long time will take the markets go high ? What are your ideas about market cycle ?
This market getting worse day by day so what should I do for it? Should I wait for more time?
We all know that bitcoin and other crypto currencies too, are very vast and most accepted investment of the present times and thus being a kind of investment, bitcoin valuation keeps on flactuation and then another factor responsible for the flactuation in the valuation of bitcoin is its volatile nature and then the valuation is also subject to market demand and supply, higher the demand of bitcoin, higher will be the valuation, as the valuation was very high in the last December month then it deflated in recent months and then now there are assumptions that it would inflate again in the coming months of this year. |
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How long time will take the markets go high ? What are your ideas about market cycle ?
This market getting worse day by day so what should I do for it? Should I wait for more time?
Before investing into bitcoin, one must keep in mind that bitcoin is a volatile crypto currency and thus its valuation keeps on flactuation with time and varies according to market demand and supply and then one must keep in mind that bitcoin is a kind of investment too so there is nothing to worry about if the valuation of bitcoin deflates and as we all know that valuation was quite high and then it deflated and now there are assumptions that valuation will again inflate in the coming months of this future only. |
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What do you think which will be the best alternative of bitcoin in 2018? Ethereum, Litecoin, Ripple, Verge or Zcash?
Bitcoin is the very vast crypto currency of the era and it is the most successful and the most powerful crypto currency among all and thus the reason or we can can rhe its investors has made bitcoin so successful that now in present times there are millions of people around the world who are investing into bitcoin so I don’t find any alternative of bitcoin in any year as the growth curve of bitcoin simply justify everything as there is no currency comparable to bitcoin but etherum could be the option in the worst case. |
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Though I'm not new to Cryptos, never paid attention on any Bounty campaigns and how they work. Wonder can someone point me to the right info on where to start and how they claim/get tokens?
How many tokens one typically gets through the campaign?
what parameters dictate good campaigner to bad one?
There are hundreds of ways by which you can invest into crypto currencies and first the question arises that why one needs to invest into crypto currencies and the reason is that they are the most profitable and the beneficial investment of the times and thus there are millions of people around the world who are investing into crypto and then there are many ways by which one can invest into crypto and I find bounty campaigns to be the most reliable one as they don’t require any kind of investment, they will simply pay you for your work and thus reduces the risk of loss. |
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An interesting question is whether Bitcoin is money according to Islam.
For the entire world bitcoin is now considered as one of the greatest investment of the era and thus there are millions of people around the world who are investing into bitcoin, though there are few countries who has legalised crypto transactions in their nation like South Korea 🇰🇷, Japan 🇯🇵, Vietnam 🇻🇳 and many more and only in these countries bitcoin could be consider as a money as they only can use bitcoin as s mode of transaction for their day to day life. |
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A lot of noise and FUD news was been said about the price movements of bitcoin lately. We are expecting bitcoin price to move up faster without considering the facts that the process of cryptocurrencies revolution comes in stages. Even the fiat currencies also pass through some stages before it become stabilized.
In every sphere of life, there is always a revolution and developmental stages which I believe is also affecting bitcoin too. Let have believe that this process will stabilize bitcoin in the long run and be more acceptable.
Bitcoin was introduced to the public in 2008 and that time it was considered as an alien technology and it has proved itself like one as those who believed in it that time are now bitcoin billionaires and in this one decade of its existence bitcoin has been going through many ups and downs and thus secured the toppest position in the crypto market, bitcoin is now well established but till it not get centralised all over the world, bitcoin will considered as a developing crypto currency. |
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After the Bitcoin wallet using microchips, what about using synthetic DNA? It's now possible. As the article pointed out, it's a solution for people owning a large number of bitcoins and planning to HODL for a long term. If Anyone here is ready to sponsor me, He won't regret it  ...28 customers so far have signed up and paid the $1,000 fee to have this done. Carverr is also in talks to expand the service with banks and other large cryptocurrency holding companies...
...Converting a data file into DNA is a surprisingly simple concept. Data, when broken down into a basic binary form, is just a bunch of zeros and ones. As for DNA, its language is made up of four letters: A, T, C and G -- the abbreviations for the nucleotides that make up the rungs of the DNA ladder.
To translate binary to the language of DNA, you need to have a conversion system. Let's say A = 00, T=01, C=10, and G=11. In this example, the string 11000101001000 would translate to GATTACA... https://www.cnet.com/news/bitcoin-fanatics-are-storing-their-cryptocurrency-passwords-in-dna-carverr/Bitcoin transactions are considered to be the safest among all the investment and being a virtual currency, it is more susceptible to being hacked or fraud but inspite of all this, bitcoin promises to provide the safest and the most confidential transactions among other crypto currencies and therefore this is the reason why millions of people do not hesitate while investing in bitcoin as it does not involve any third party seizure and believes in providing user anonymity and thus very very helpful. |
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What do you think which will be the best alternative of bitcoin in 2018? Ethereum, Litecoin, Ripple, Verge or Zcash?
I don’t think that there is any alternative of bitcoin, bitcoin is the largest of all the crypto currencies and thus considered as superior of all the crypto and on being practically bitcoin growth curve is very very high in comparison to other crypto and even considered as a threat to other Fiat currencies so I don’t think that there is any alternative that could replace bitcoin and moreover bitcoin occupies the more than 50% of total crypto market so bitcoin is irreplaceable. |
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Though I'm not new to Cryptos, never paid attention on any Bounty campaigns and how they work. Wonder can someone point me to the right info on where to start and how they claim/get tokens?
How many tokens one typically gets through the campaign?
what parameters dictate good campaigner to bad one?
We all know that these crypto currencies are now being widely accepted among the millions of people around the world as they are the most profitable and the beneficial investment of all the times and has that potential that it can provide the very good profit in a very short span of time and there are many ways through which one can earn by crypto and one of the best way is the bounty campaign where you do not need to invest or need not to risk your money just work for them and they will pay for your post. |
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Why invest in altcoin when you can invest in real estate, stock market?
We all know that all these crypto currencies are very sustainable in nature and thus they all has made their existence since more than a decade and not only sustainable nature, they all have very great potential and thus they has opened many jobs opportunities and thus providing employment to millions of people around the world and on the top of that these crypto currencies are the most beneficial and profitable investment of all the times so I find these crypto currencies to be worth investing. |
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I've been reading through this forums for the past few weeks and all I see is "this coin is dead" or "everything is a shit coin". Is there any alt coin with potential to invest in or is it only bitcoin? I don't mean like a few here and there, I mean over 100 coins.
All these crypto currencies are volatile in nature, bitcoin and other sky coins too, all these currencies are volatile in nature and therefore there valuation keeps on flactuation so if the valuation is even very low in present time, it doesn’t mean that these crypto currencies are not worth investing as these crypto currencies have opened many opportunities for millions of unemployed people and so helped millions of people in finding their jobs so I think these crypto currencies are worth investing and are much beneficial and profitable. |
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Many people out there don´t believe that Ethereum can be a long term hodling, they simply use it participate in ICOs, sell and buy bitcoin again with the profit. Do you think that may change this year and ethereum can be seen as the choice to hodl?
We all know that all these crypto currencies are volatile in nature and therefore their valuation keeps on flactuation with time and it varies according to market demand and supply and all these crypto currencies are very much beneficial and popular but on the same hand the bitcoin is the superior of all and thus it has millions of investors around the world, though etherum is also very good investment and it comes second in the position after the bitcoin but the bitcoin investment is the best. |
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