There are a lot of reasons for the bank's bitcoin attacks. The banks are not happy because their customers are not getting enough money
I guess you were going to say banks are not happy because their customers are becoming fewer and the deposits have shrunken compared to what was obtainable prior to the emergence of Bitcoin and knowing that banks make their money off of depositors monies and commissions, that goes to translate to fewer transactions and less profits for the banks. Bitcoin is a disruptive innovation and it's time has come, the best the banks can do is to embrace change or simply lose out to competition. I don't think banks will lose competitiveness with bitcoin? let alone we still use fiat as the main currency right? of course banks will be needed. but what does the bank see is from the threat? yeah bitcoin threats are hard for centralized financial systems like banks? although today people prefer banks. but the likelihood that people will prefer decentralization will remains there |
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I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?
Learn first the basic techniques before you enter in trading. Trading is not an easy thing that you can do it right away. Read more and learn more. Yeah trading does not all depend on luck so you have to learn first before starting trading. I remember a few years ago when trying demo mode on the trading site and I'm having a lot of losses you know? but it gave me great knowledge. do not forget to learn about the coins you want to buy that are the main ones. then experience will make you more expert |
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In order to increase its pricr it should fell down because it cannot kept increasing its value continuously and in trading we have to absorve there is downfall and upwards movement , we should not bother sudden falls because there is chance to increase it pricr even higher value.
We are not expecting any dramatic fall in bitcoin price, because bitcoin price is already trading in a low price and i do not think that it can decrease anymore, to me i think that we will now see a continues increase in bitcoin price and hope that this time we we see a new historical high price of bitcoin, hope bitcoin price will continue increasing for a long time. I think so. we have too much price decline in january until march and now is the time to recover. You're right that prices will not always go up. but an occasional correction is sure to happen but the dramatic fall will not happen too deep. I'm thinking that there will be more price increases at the moment |
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This is probably one of the lowest prediction by the end of the year I have read while more have been predicted it as sky rocket by the end of 2018. When we say accurate, it means they are sure it will happen. As if there is prediction that is really sure. For me all of them are 50/50 simply because we can't see the future.
This prediction is clearly different from most predictions in bitcoin users, the majority of users actually predict that bitcoin prices will repeat history like last year where prices skyrocketed at the end of the year. some even argue that prices will be higher than next year. we can not ascertain the future but the likelihood is great because of the development of bitcoin |
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it is very difficult.I just don't mind them but if they want to understand about bitcoin I would love to extend my help to discuss to them the possible ideas that to be easily for them to analyze the real goodness of bitcoin. If they stick to their opinions I can't do anything for them. So I would never be thinking or stress if they don't listen but they can see how I am improving mentally, physically and financially.
Just ignore those people who hates bitcoin because we are just wasting our time explaining to them about the goodness of bitcoin and it won't effect on our earnings. They just give fake news and useless opinion about bitcoin, so other people wouldn't invest on it. Yeah I'm not too bothered about the haters of bitcoin. sooner or later they will recognize bitcoin because of the changing times and the ever-moving technology. do not waste your time dude to serving those who are still blind to new innovations. better focus on what you do. they will know for themselves in the future |
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Honestly,the life of a trader is very hard, a risky Job that needs more time and efforts especially if you are new to trading, Yes thats right you have to be active/updated every now and then, at first you need to adjust thats normal, but from time to time ,you can manage your time well,its all about time management. Thats right. I think if you are a trader you will often spend your time in front of the laptop screen. even though you're working. I'm sure you'll take time to see the market right ? because that's what traders live. always think what market conditions are. when they see the opportunity come of course they will use it. that's why they are more often see the screen of monitor |
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nope,only few of these coins are going to survive as theres a lot of shit coins in the market that doesnt have any use at all,most are copy of bitcoin with some tweaks like what doge is,and other shitcoin in the market that is why you should be carefully picking good coins over these thousands of shitcoins in the market so you wont waste your time and effort.
Thats right we know that there are lots of coins in cryptocurrency and will keep coming. some may be shitcoin that live only for short purposes such as scam or something. You should know that even now there are already a lot of coins that are dead because of competing and not having users? so it will not be all coins alive dude. the bad will be left out. |
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so I wanna know do I really have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do I have to care about any legal action by gov on my bitcoin property?
If in your country is required to pay taxes for Bitcoin so inevitably you have to keep paying taxes. Because it means a rule-governed by your country and if you violate it will definitely get sanctioned. Well that's right though i don't think there's currently an existing law anywhere about obliging anyone to pay taxes for crypto. I think korea has a law already being studied on how to tax traders but it mat take some time before it can be implimented from many countries I only hear only united states that tax on bitcoin users. other than that I have not heard it yet. I also don't really understand how the mechanism of paying taxes for traders or bitcoin users? anyone can tell us? my own country also has nothing to do about the rules and tax laws for bitcoin |
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I don't think people like paying taxes, especially the income tax, but we are forced to do it. People's laziness or fear outweighs their dislike of paying taxes too. They don't want to fight against the state because of fear for what the state might do to them. The most disgusting thing to me is getting my paycheck and seeing how much money I've been robbed of from the government claiming to do good.
Yeah true. I think the public is not agreeing to pay taxes dude but forced and it is a necessity as a citizen living in a country. I'm actually not a problem paying taxes for the sake of the state. but sees many politicians who are misusing budgets like tax money for corruption. I'm a little reluctant to pay taxes |
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bitcoin illegal some asia country bt why?can you give me some reason about this?? thanks
Yes. Currently, there are only 5 countries where the usage of Bitcoin is illegal. These countries are; Bangladesh, Nepal, Cambodia, Vietnam, and Indonesia. The common reason is strict anti-money laundering laws. It becomes illegal in Vietnam and Indonesia once it is used as a payment tool but it is legal to trade and hold. Source: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territoryThose are small under-developed countries. Most crypto-friendly countries are those that have progressive economy like Singapore and South Korea. It's not really a huge deal because poor countries can't really keep up with the latest tech. I think so, some developed countries may already be welcome with new technologies and innovations. only some developing countries in asia that don't like bitcoin so give bad rule about bitcoin. so does my country that pose a threat to bitcoin. my finance minister advised people not to invest in bitcoin but there has been no prohibition for it |
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Day traders are always active in this trading platform so they know how to choose the best coin and they are all skillful person so it is not easy for everyone. I think experience person make good profit.
I think even day trading or long term investment though. luck only gives little effect dude? let alone daytrading more risky than holding or long-term investment. so surely you have to have deeper skills if you want to do daytrading because prices go up and down very quickly and you have to do a quick analysis to sell or not, to buy or not, its take deeper skills |
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Day trading will be effective if trader has big experience and knows technical analysis and fundamental analysis and moreover know how to use them together. For newcomers best strategy is just buy and hold for a long time.
Thats true. trading has a big enough risk because each coin has a high fluctuation. if you don't have extensive experience and a lot of knowledge about trading and cryptocurrency will certainly increasingly risky trading you do. daytrading will be effective if your skills and knowledge are a lot about crypto. so you can know when the time is right to buy and sell in a short time |
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I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
Well. Criminals and normal people can use bitcoin for transactions as well as criminals and normal people can also use paper money for transactions so for me, it is nonsense to talk about these. Also, on your first statement, it is impossible for a police to track this hackers for the reason that paying in bitcoin is fast and secured. That is feared by all governments in the world they think that criminals in their country may use bitcoin for undercover transactions and that can not be monitored by the government and it will complicate the investigation and increase crime. but it is a risk of a technology advances right ? I think the government should start aligning/cooperate instead of banning |
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The best solution is always hold. Try to not open for now the market so you have any update for the coin prices so that you can avoid panicking. Seeing your coin always decrease brings you upset that cause you panic selling, theres a time that crypto value fall for a while just wait to price will come back again.
Yeah you right sometimes when the market turns to blood I try not to open a market or exchange site because it will only scare me and then panic, as best I can to not see the market for at least a few days and I will hold my assets for that long. at least that does not make me panic and sell all my assets |
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I think most of the people and investors here in crypto currency are they know that bitcoin is good for the long term investment and not for the short term investment, long term investment of bitcoin just like 1 to 2 years i think you will be a millioner at that moment.
You know that bitcoin is the most popular cryptocurrency and crypto is still incessant in promoting on the internet. of course the most gain effect is on bitcoin. from that we know that bitcoin will have many newcomers and will keep coming and that will keep prices going up in the future. for long-term investment of course bitcoin is very appropriate to choose |
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I do not imagine this because the government of my country is made up of very corrupt people who have shaped the history of my country to satisfy their own interests, and this small group of people who constitute the government of my country approve laws that only benefit them; they never will abandon our currency to make bitcoin as our main coin. so I do not even imagine this, I'm happy to have my coins in my wallet and I prefer to keep away from the sight of the corrupt ones of my country If bitcoin will be our prime currency...
but I doubt that happens someday, because people are greedy and just do things for their own interest if bitcoin becomes the main currency in a country there must be a law to regulate changes between local currency to bitcoin and that can be changed if the government (parliament) approves it. of course they will do that if there is a gift for them. You're right they'll do that if any profit to them. I don't think it could happen in the future. I prefer bitcoin in my wallet and I prefer the local currency as the main currency |
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Let's access them based on their peculiarities
BITCOIN ADVANTAGES
1. Universal
2. Intrinsic value
3. Fast transactions
4. Cheaper transactions especially cross-border
5. Unlimited accessibility
6. No limits to spending
7. Inflation immune
BANK ADVANTAGES
1. Regulated
2. Easy to convert funds to cash
3. Wider acceptability
4. Hacking can be traced if it happens
BITCOIN DISADVANTAGES
1. The loss might be irrecoverable
2. Bitcoin ATMs are relatively scarce, so conversion to cash is not easy
3. Limited acceptability (need to convert to fiat in most cases)
4. No regulations, hacking susceptible
5. Volatility in value
BANK DISADVANTAGES
1. Limited accessibility relative to bitcoin
2. Regulations impose limitations on spending
3. Fiat mostly devaluates
4. Banks can fold up and funds become unavailable
I am sure we can add more and more, so it depends on the side of the divide that suits an individual. Nothing seems absolute here.
You formulate it very clearly so we can read the detailed differences between banks and bitcoins. I think the fundamental difference is in terms of control. banks in centralized control while bitcoins is decentralized havent central control. then making anyone free to use bitcoin without any rules. different from banks that have certain rules. to determine which one is better certainly depends on the views of everyone. if they like freedom they will choose bitcoin and vice versa |
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Well i think for people who do not familiar with crypto currencies & blockchain must be very complicated to understand bitcoin
Correct, even for me I find it hard and complicated how much more these ordinary people. It needs focus and more research for us to be able to understand how it works. I think almost most of us while still a beginner still find it difficult to understand about bitcoin and crypto. even I need a friend to teach me. let alone the ordinary folks of course most of them will have trouble and think that bitcoin complicated. they have to make a wallet, buy coins in exchange, and so forth. for us it is easy but for them it will be confusing |
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I involved in crypto world I'm just interested it what is cryptocurrency, I've seen in advertisement about cryptocurrency and you can make money of it, so a few research about crypto, lucky I found this forum and learning how to earn money with cryptocurrency, it's really big help to me.
Yes, crypto currency is an opportunity to earn extra money more than what I have in my basic salary. At first I don't have believe on crypto currency thinking that its only scam but when I earn money and save me from my financial problem then now here I am always involved in crypto currency trading and bounty campaign. Cryptocurrency provides equal opportunities for everyone to earn a great profit. all they have to do is work hard. there are many ways to earn profit or even income from cryptocurrency such as through trading, binary, signcamp, ico investment, and many others. that's what makes a lot of people interested to join and get involved in this crypto business |
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