Don’t pay taxes: govt love taxes! It make them super super wealthy and make you super super poor, govt don’t care if you starve to dead tomorrow, that’s your own fault to be basement dweller, govt rather spam their tweeter with non sense China FUD.
I don't really know what you suggest. Are you implying to just earn cryptocurrency to avoid tax or just avoid tax in general? The major consequence that I can think of is facing legal charges. Tax helps the country in some ways don't you think. The road and other public facilities that you enjoyed using along with security and health are all from the people's purses. Don’t get married: get a traditional marriage and get a nasty divorce, your wealth immediately split into half! It is no brainier why marriage is a trap in the modern lifestyle, and your lawyers won’t help you to get rid of divorce, you’re doomed! We know Jeff Bezos can buy the best lawyers on the planet to fight for his rights, yet the status quo court decide to prejudice all is his fault to get into marriage at the first place, you horny you pay the biggest price! This is justice!  I find this funny. Don’t use bank: Why! We all know bank is a very good investment! You get zero risk while you get a stable fixed deposit income! But why don’t use bank? Because we’re all fooled! We getting so poor today all due to bank! It’s bank fault! We’re all in huge debt!
With the presence of cryptocurrency then it is possible but not totally. I use bank because of necessity but if not then I would appreciate my funds in cryptocurrency. Don’t invest: Banker love to sell snake oil investment advice! Of course it’s full of moral values to be a decent human being, get a job, get married and invest in well diversified portfolio! Because business create value, we invest in business, and it is the only “real” economy, people who invest into anything else is not investing into real economy! Fuck it! Business itself is a virtual existence, it is an illusion, nobody can touch business, and it can create a lot of value today, by tomorrow it would be just gone and disappeared into abyss! Who the hell buy into this snake oil advice “business is the only real economy” is too dumb to be get rich. If you've got a really nice idea for business then it is worth taking the risks for just like in the cryptoworld where risks is everywhere and here we are. Rich families all around the world have businesses right and with money comes power and influence along with fame. |
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Before there wasn't bitcoin, people used gold as alternative, other precious metals and other goods, but bitcoin beats them all, its easier to hide and transfer it, if we talk about some higher amounts, how will someone transfer gold, or anything else, bitcoin wallet full with bitcoins can be hidden anywhere, much easier.
We haven't really seen a global meltdown yet. In the last couple of decades it has mainly been the USD that people used as hedge and store of value, and to some lower degree as means of exchange as well. Currently we have Bitcoin but that doesn't mean it's going to benefit from economic turmoil, especially with how people still consider it a very risky and volatile asset class.... stability is key to gain people's confidence. If the price pumps and dumps by 20-30% every so often that's not helping people. People looking for alternatives want stability and not constantly stress out about the price having gone up or down significantly. Stability of cryptocurrency is impossible since we all know that cryptocurrency is volatile in terms of value, meaning the price is changing time by time when there are transactions happening all around the world. The idea is that if we experienced downfall as of now, do not lose hope because there is a big chance that the price will come back again to its high value, all we need to do is to wait and HOLD that particular token we have. For you to gain a lot of money or profit you should learn different things with regards to the token you are holding. Theoretically, it's possible that's why I disagree with your statement that cryptocurrency could not be stable. Prices face volatility and minimizing this volatility into a certain point where the changes aren't that significant i.e. including the stocks, cryptocurrencies and even the products we buy. It is a matter of how huge the market is meaning a market with higher volume would tend to have higher resistance and wall in so in a sense the prices would appear to be stable due to low volatility or rather the movement of the price is minimal. |
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Most of the speculators before and even now are saying that if Bitcoin goes up, then altcoins goes up as well and good projects perform well. How true are these speculations if there are different technologies or plans for each cryptocurrency? And the fact that bitcoin is not even the first cryptocurrency.
The thing is that most of these altcoins aren’t paired with fiat but with Bitcoin only hence if Bitcoin’s price go up or down then it would affect them. Although Bitcoin might not be the first but the thing is that it had given itself a name and been the most dominant coin in the market for years now. No coin had been able to lose its dominance even for a second this past few years. The thing is that it is not a speculation and the moment you labeled this as a speculation means that you haven’t familiarize yourself on how the cryptomarket behaves. |
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Since Satoshi Nakamoto is smart enough to come up with Bitcoin which required tremendous flow of idea and predicting what would it be like far from the future that’s why we have what we called “halving” and many other more. This I think is one of the proof that Nakamoto had hidden himself behind this name since he knew that it would be controversial if his identity would be known and is essential for Bitcoin to become decentralized in a way that they could not be taken from the people by exploiting him as the weak link and also for his personal security. That’s why I think that he is smart enough to hide himself in order for the governments would kot do anything to him as what your question said.
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LOL... people talk about volatility only when the prices are down. This thread never gets active when the prices are going up. And that is exactly why the volatility of Bitcoin is not a bad thing. Despite its volatility, Bitcoin continues to give good returns to those who had invested in it. The only catch is that you need to stay calm and refrain from panic selling.
You can also take advantage of volatility which traders would truly understand how massive their profits are by utilizing this. The funny thing about Bitcoin is, no matter how much its price falls down, in general it always surpasses its previous lows if you try to look at the chart. What you should do is to think rationally and look forward for the long run than focusing on short term because if no then maybe Bitcoin is not for you. You may consider finding another that would go the way you expected for it to go which you would not find anyway. |
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I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
In other words you are saying the bitcoin will be controlled by a single power? Seriously! What is wrong with you people? When you see a sudden fall then you lot start to panic and forget about this that this kind of things happened thousands times with Bitcoin but still it had 20,000x gains against this shit dollar currency. You people really do not deserve bitcoins. If you are not okay to hold your coins if the price goes down to $1k (which is highly unlikely) then you people really do not deserve to see bitcoin price to have $100k against this dollar shit. They could always sell it if they want to. I see nothing that surprises me because I don’t really find it unusual. Bitcoin and any other cryptocurrency do have high volatility because it is very unlike in the stock market especially when compared to gold which the prices are a lot stable because of the volume of the market and the cryptomarket had not yet achieved that kind of massive volume in the market for the prices to be stabilized. There are a lot of pumps and dumps lately but in the long run we are sure to profit and the cryptoworld. |
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The last week has been a little bloody... And yet, after all we've been through, I have grown numb to this feeling. Stress, sleepless nights, etc... these are all a thing of the past. In fact, I just had a delicious breakfast with my girlfriend. For those of you that are scared of the current situation, awaiting for a sell-off, its best to remember the long-term benefits that Bitcoin and crypto bring to the table. I recently wrote an article outlining the most important ones. Instead of getting sweaty palms thinking of the next 24-hours, use your time wiser and educate yourself by reading my post: https://paybis.com/blog/benefits-of-cryptocurrency/Hold onto your BTC, we are the future millionnaire generation. It takes a true believer and a great investor to understand the bitcoin market. This is not the first time the market value of Bitcoin has dropped and its not gonna be the last time. It might be really difficult not to panic when the price of Bitcoin drops like that. But i believe and think the value of Bitcoin will be hitting $10k very soon before 2019 comes to an end. Now is the time to buy more bitcoin if you are looking forward to make a big out of your bitcoin investment. Yes. It takes a strong faith in bitcoin not to end up frustrated and depressed with the current market price. But honestly, i'm still very optimistic about bitcoin price that it will pump more and makes its market green again. While the price is low at the moment, this is the best opportunity to invest more in bitcoin and makes a fortune in the future. Having blind faith is not good either. What you need to do is to educate yourself and understand what Bitcoin is then you’ll came to know what are its characteristics that would drive its price higher than before. To believe in something that is driven not by emotions but by your rational thinking would be a lot less riskier and much stronger. Analyzing the situation and what drives the pumps and dumps would not make you afraid since being afraid then pulling out your assets in Bitcoin is for those who don’t understand what’s going on. |
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There are several reasons why any decentralized cryptocurrency cannot become a world currency. States and their banks need certain guarantees that the means of payment used will not depreciate sharply. A decentralized cryptocurrency, including bitcoin, just can not give any guarantee to participants in financial relations. For any state, bitcoin is alien, not backed by the authority and obligations of any state. Well, an important role is played by large price volatility and very low possible state control over financial flows in cryptocurrency.
Not good respond from country with bitcoin become legal currency I think why bitcoin con not become global currency for the future, when many country have legal using bitcoin as currency I think bitcoin will be better become global currency payment. I think weakness of bitcoin become global currency with take long term for sending and receiving payment. You guys are missing something. Bitcoin was not implemented to be global currency but to be the perfect alternative to save people from world economic break down and make peoples financially ok. With that been said, no crypto or fiat currency will be use as global currency because the rules and regulations of every countries are not the same. Point taken. But in a sense Bitcoin is a global currency because anyone in any part of the world can use it although it is not legalized to some nor can be used in daily life more often than fiat. Though I find it convenient to do transactions that aren't local or within the country that I belong since it is much easier being peer to peer as what the Bitcoin is made by Satoshi Nakamoto. Mass adoption might come though I highly doubt that a single currency that would become the global currency that is accepted throughout the world would happen because of different set of laws and regulations that each country has and the fact that their monetary system is the manifestation of their sovereignty. |
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Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.
I agree that the rules cannot stop a scam project from being launched by scammers. because scammers will design and prepare everything to commit fraud against investors who want to invest in cryptocurency. but to know that it is a scam project or not, we study the characteristics of a scam project. so we are not fooled by them scammers. When i see the red tagged person i will stay away from all the project that has being tagged by red flagg. What use to argue something that not very clear. For me i just sty away and support any projects that has potential in delivered their promises. Which is most likely hard to find nowaday.. Always inspect the trust of the manager and also the previous projects that he had managed. You will learn a lot on how do they deal with it and whether they are picky on the bounties for the projects raising an ICO. I don't say that it would guarantee to be legit or anything but the chances of it being a scam or an utter failure is lesser than those random ones that aren't that known and you are sure that these managers before dealing with those people behind some new projects would not let their lives easier if they decided to just run away. |
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Not that surprised though. As mention in the OP, Argentina is facing economic crisis which is the main reason why Bitcoin's price shoot up. By this news, we can see how Bitcoin can greatly help a country or a person to secure their assets in times of economic crisis wherein it is much easier and convenient to store it in Bitcoin or in cryptocurrency in general along with the security that you can have and maximizing it by purchasing cold wallets if you do not trust third party services to do it for you.
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I really used my earnings in cryptocurrency in my daily life because using crypto helps me to have a better income, that is why it is the reason why i don't need to ask money from my parents because i have my invome to provide the things that i wanted and needed. Thanks to crypto that i could now do things that i have never done before like going in different places and buy the latest gadgets.
That's another thing to understand what the OP is meant to convey but base on my understanding whether we DO use cryptocurrency in daily life then I would say no. You use "your earnings in cryptocurrency" which you converted it to fiat for you to be able to use it as your allowance or buying things. In my experience, I mostly use cryptocurrency when transacting in the internet which would provide me lesser hassle than converting my local currency into USD for example and send it to another country which would require me to go through a bank or remittance center that would take several days to process along with the transaction fee that I'll be paying. |
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Let's not be fan boys here.
If you are a serious person and you deal seriously with your money, ofc you need to hold both of them. Gold and bitcoin. You don't have to choose only one.
This statement is true because in fact when we use the popular saying in trading “don’t put all your eggs in one basket” then we could say that we should diversify our portfolio. Having Bitcoin and gold at the same time is the most safest way to ensure your assets would fall into very solid platforms especially when we talk about Gold where history tells how important it is to maintain economic stability and how would it play a vital part when a crisis strikes. While Bitcoin on the other hand, the market is quiet young compared to Gold but because of this exact same reason, it would be wise to invest in a project that would guarantee you profit when the market matures more in the future especially when we talk about its characteristics that would surely not die out as the time goes by. |
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I think what needs to be prepared when we are going to invest long term is patience and also emotional stability. Price movements in the market are very fast moving, without patience and emotional stability, we will easily panic and be able to sell our tokens at low prices. In my opinion, the best way to buy tokens or coins that interest us and store them in our own wallet and forget about it for several years
If you want to forget when investing, you should only choose some safe coins like Bitcoin for long term investment and will greatly reduce your risks in the near future. At this point, any investment should be considered multiple times and the downtrend in recent months has made things more difficult to predict. One way or another, you must always manage your assets the best because if that coin is not able to rise well, your profits will be greatly reduced. Currently, I recommend holding for at least 3 years and if during that time you cannot make a profit then you should give up and switch to investing other coin. Three years is a very long time and would be a lot riskier with some other cryptocurrency other than Bitcoin, Ethereum and other major players in the market. I think you can hold it for thy amount of time as long as you keep track of the news about the developments because there are projects where it turns out dead with no updates. I would strongly suggest Bitcoin just to play safe even if you just leave it for many years to come with hardly reading any news about it and you’ll find yourself on the winning side. |
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scarcity occurs due to the increasing number of requests while the number of goods desired is limited. this is what makes an item scarce and makes it a valuable item and its value will also increase. the number of bitcoins is limited to only 21 million coins and each year the number of bicoin that can be mined decreases but the demand for bitcoin continues to increase. this is what causes the price of bicoin in the future will be more expensive. with this method bitcoin is protected from inflation which usually occurs with fiat money.
this factor can also move upside down if 60-70% of bitcoin is owned by several large groups, and only gives users the opportunity to take the rest. bitcoin will continue to move in large fluctuations associated with manipulation. Scarcity will make bitcoin a higher value but most people will be more dominant against altcoin. Bitcoin will face a crucial problem in volume spread. It all comes down to the basic principle that is the higher the demand the higher the price and also the lower the supply the higher the price. Bitcoin is a good manifestation of this principle wherein the price surge so high because it both has high demand and low supply. Also, this I think is what makes Bitcoin to survive compared to fiat in times of crisis. On top of that, what made the value of Bitcoin rose so high is because of the features like how decentralize it is and being peer to peer which made the people stay. |
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We have seen some of the assets backed crypto coins in the market on the way and do you guys think this will be the future as this is directly based on national assets like gold and other products like charcoal and energy based products. This will help in growth of country's economy if not taken over by greedy corporatesand and and will it have government's support or soft corner in the regulator's eye as it will bring in some money from outside.
I have heard of many people saying the future is going to be asset backed tokens. They may be right but I cannot see a very strong asset-backed token as of this moment. There are fiat-based tokens though. They are backed with actual fiat but they are not considered asset-backed tokens. There were many attempts in the past to sell tokens that are claiming to be gold-backed but nothing is heard of them ever since. They must have all failed. There was also a bounty in the past which they claim that it would be backed by silver though as it turns out it's not that legit and it soon lost its value. A lot of ICOs had been conducted and most of them turns out to be scam and we could also mean that in general so that's why you need to select which ICO to invest. Though honestly I think the idea of cryptocurrency backed by something like gold or silver is brilliant but it is not taken seriously. I think there was a project that is paying you could search it if I remember correctly. |
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Is that so? As I recall there are cases where people who opened an account in some particular banks, when the bank had learned that the account holder is somehow connected to the cryptoworld they would terminate the account with this pretext. I can’t remember the country but you can try searching some articles relating this. This bankers would say a lot of things but the thing is that Bitcoin or other cryptocurrencies didn’t exist to disrupt global financial stability but it is to aid to reinforce.
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Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin. The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world. Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.
I strongly doubt that in ten years it would happen. Let’s be realistic. Bitcoin is still growing prematurely and the popularity of Bitcoin is not that much i.e. based on how many people knew about it. If I would go strolling and would ask a random stranger if they knew or heard about Bitcoin then most of the time they would answer no. It might happen that the price of Bitcoin would reach that high but no that too soon as you had been claiming. I would consider it as an exaggeration. Bitcoin still has a long path to go in order to reach that kind of level. |
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I suggest supporting the project from the beginning before they start ICO / IEO. if you are absolutely sure about the project, there is no reason to wait to support it when their program has run. however, the prizes you get to become more. some people sometimes regret not supporting the project before they start selling it.
And there are those people who also regret joining from the very first week up to the last and get absolutely nothing since it exist just to scam people no matter what kind of project they would sell. The thing is you need to do some research on your own and think logically rather than emotions. There are a lot of enticing projects out there but you should look around whether the people involved are legit and is the project possible or does it only exist in the fiction where the reality is just too much for it to happen. It’s hard to trust ICOs this days. |
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Well I would use Bitcoins for sure when it comes to using something that is not related to the government since libra is centralized and it poses the same risks as the normal currency but then comes the popularity I think Libra might be more popular for the upcoming days since they have huge user database.
I would use it if they offer something better and more private but let's see.
They do surely will get popular since there is an entity that would massively invest in advertising Libra but thing is it can also help advertise Bitcoin indirectly since people would start raising questions on what cryptocurrencies are and Bitcoin who dominates the cryptomarket would somehow steal the spotlight and compared to the centralized Libra then Bitcoin would sell itself being decentralized. Though I haven’t read what and where could I use Libra if I may come in a possession of it but thw thing is that I would still continue to use Bitcoin. |
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To all of the millennials here in Bitcointalk, do you also agree that Bitcoin is a much better option than gold or real estate? As much as I liked real estate, the target market is kinda tough. Unlike Bitcoin, anyone can afford to buy it, even in the form of satoshis.
I pretty much agree to the rest of your statement but not on saying Bitcoin is much better than gold. If you really wanna keep your assets safe especially in the time of extreme crisis in the economy where fiats are failing and so as the digital assets that you hold dear which may due to war or etc then gold will always be the most secure above all and would help the economy to bounce back and heal it. Gold is very powerful and there a lot of things that it can do than Bitcoin and vice versa. |
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