We have a similar stand from countries that want their digital currency,they all want to discredit BTC first just because they have no instrument to control it.For them is better to made their own digital currency over which they will have complete control.I do not see any difference in that from fiat,only money will be digital but in full control of government.BTC is something quite different and no national digital currency can not replace it.
Different countries will obviously go on different paths as regards BTC and other digital currency,depending on development and adaptation of BTC in future,some of them could change their minds.
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I do not think you can not go wrong with invest in gold,it is always in demand and has a stable price,so your money will be safe.Investments in crypto are profitable but very risky because of their volatile nature and the facts that are completely dependent on the internet.In a world like today nothing is safe,but by distributing your money between different assets you can reduce your risk.
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It is possible that one day BTC become reserve currency of the world,and we can say that today is like digital gold.Like always people were fascinated with gold and the situation is the same today.But this is a digital era and golden fever moved to the internet.In the past, people have mined gold,small ordinary people and many got rich.Nowadays there is one new generation which is fascinated with BTC,for most of them BTC is new gold and they will try to get as much as possible until it becomes too expensive or inaccessible.
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This hidden mining is very widespread lately,as on the sites which are related to cryptocurrency,but also on any other site people visit on internet.How much is known some site owners earn quite a lot of money on this,and because the whole process takes place in the background most users are not even aware of it.Although the indication of hidden mining can be CPU at 100%,some owners try to reduce CPU usage of user so it is hard to notice that you mine for them.But some security company have already issued updates,my antivirus alert me to any attempt of such behavior and block script before start to mine.
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Todays price of almost 6000$ per BTC and the time limit in which we have come to this price might be some indicator for end of next year.So we have only 1000$ price at the beginning of this year and current growth of 600%,imagine such growth in 2018 and you get something around 36000$.This is just pure speculation based on this year,but it would be realistic that the price would at least doubled by the end of next year.Let's say the price could be between 12000$ and maybe up to 20000$.
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With the data you have provided about increase in the world population,it seems that bitcoin price would reach $1 million before 2100 itself.On one side bitcoin getting familiar to more people and on the other side,population exploding very high,definitely there would be a very big scarcity for bitcoins in future with people just holding their bitcoins and not willing to sell.
By 2020,it would reach $15k
By 2050,it may reach $100k.
By 2100,it may reach $1 million.
$100k for 2050 would be a failure. Exponential growth should bring us to $100k during the next decade, otherwise the adoption will not be fast enough for it to reach critical mass and stop any possible competitors in the future. If we have trillions sitting on the blockchain by 2027 with a price of $100k, the liquidity will be too strong and any possible competing technologies will not get adopted even if they are better. Trace Mayer is predicting $27k in the next 6 months and it's not even an aggressive prediction. I totally agree with you,only 15k$ by 2020 is to low price and that would mean something was really wrong with BTC.So 100k$ in next 10-15 years is very realistic considering new halving 2020 and every 4 years after that, which will drastically reduce the amount of new BTC on market. There is many who say that all BTC will be mined by the year 2140,but what is much more important is that around year 2032 almost 99% of BTC will be mined,so that 1% left to be mined actually does not represent any serious amount. All this will be possible if BTC survive and continue to develop over the years.The price increase will only increase the interest of the public and new investors.
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At this point all that governments can do is shut down currency exchanges or impose their regulations upon which they must work.In this way all users must be verified by ID cards/passport and if governments know who they are then they will have to pay the tax.This way they regulate one part of problem,reducing the criminal activity to the lowest possible level.Also from next year in EU all not verified bitcoin cards will have only 200 EUR liftime limit,so only way to sell/buy bigger amounts BTC without discovering your identity is to to find the buyers / sellers in person.
This is just some moves they made so far,there should not be any doubt that this is not end of regulation regarding cryptocurrency.
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Hello,thank you for your interest-I check your faucet and it is blocked by Malwarebytes as suspected bad URL or an unwanted program.Maybe you have something on your site which is dangerous,try to check and remove that.I can add your site to web exclusions but usually I do not make such things,security is still in the first place.If the situation is changed in relation to this problem, I will be happy to add your faucet Only list daily updated with best paying faucets,claim you coins on : https://gameofbitcoins.comThank you for your Feedback , and indeed i changed Script / Site , so now it will be secured/Paying High. I Would like my faucets to be at a very high position on the list if it's possible Could you Add my new Faucet There? http://btczone.faucethero.com/ Minimum 10 Satoshi Every claim WITHOUT Timer! Rate is increased Sometimes so it's worth checking Daily I Also have Doge Faucet Where you can earn Without Timer 0.4-0.6 Doge , if you have a doge rotator , add it there ... rate will be increased there also on special days http://dogezone.faucethero.com/Both of sites have 10% refferal commission , so you can earn as well from your Rotator users. Hello,I check your faucets and both are on the list.Regarding rewards on BTC faucet,with all that pop ads/new windows opening+short link with more pops I think there is just a few users who will go to all this for 10-12 satoshi.And what I have from referrals commision of 8%,it is hard to calculate...less then 1 satoshi
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luigi2169 there is almost no chance to get back your coins-but maybe you can help others with some additional information,do you use any security software on your PC/do you download some program/file from internet in the last few days?
Hi Lucius, I use Malwarebytes premium edition and in my last scan shortly after discovering that the coins had gone missing it showed that there was no threat/virus/malware? Like I mentioned, I kept my wallet on a pen drive/usb. I am at a loss as to what happened? [/quote] Do you have antivirus and firewall on your PC or just MB Premium?is it possible that someone else has access to your pen drive/usb, maybe some friend or family member?It is also possible that you exposed some of your private keys or seed,only one private key can be used to generate seed for wallet. Unfortunately as I said chance to get back your BTC is almost 0.You should format your hard disk/install fresh copy of windows and if you plan to use BTC in future get hardware wallet like Trezor or Ledger.
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For this reason, I have always said that to store coins in online wallet is always easier and safer. Your PC is always more vulnerable to hackers. Now you will not return your bitcoins. I feel sorry for you. If you plan on storing your coins in your PC then do it on the computer which never goes online.
If his PC was infected with some malware/keylogger then there is no differences where he store his coins,desktop or online wallet is exposed to the same risk as hacker need his password or log in data to to get access to the desktop or online wallet.There is a big problem with online security these days,some users not use any protection and they click on everything.Good antivirus+firewall and Malwarebytes Premium + updates of OS is something every user needs,especially if kept such value on PC. luigi2169 there is almost no chance to get back your coins-but maybe you can help others with some additional information,do you use any security software on your PC/do you download some program/file from internet in the last few days?
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If anyone really wish to get referrals on every site, I think it needs a lot of effort and time to keep on promoting your referral links in legit way, I have gotten myself quite a few referrals in the past when I am actively promoting my referral links, but sadly to say those referrals have gone inactive at the moment.
That is common because when people are new to bitcoins then only for some time they will try these faucet sites and once they come to know either these faucets are waste of time or they got better ways to earn bitcoins then they will be inactive on these faucet sites. I too got around 20+ referrals but nowadays one couple of guys are active and I use those coins to buy lottery tickets every week. It is not too hard to get referrals for faucets these days,many new users are attracted to crypto world because of high BTC price.But like you say problem is that most of that refs will become inactive after some time,some lose interest-others forget their logging details. I have nice number of refs on freebitco but most of them are not active as I can see,but there is a few hundreds free tickets for me every week and hope to one can be lucky to win something on lottery.I use this faucet just few times per week,remember times I use it at least 10-15 times every day
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This is in any case a very different attitude to cryptocurrencies than we can see it recently from many governments around the world.I like their thinking and the direction in which they go,let people use it and observe situation so at any time they can react appropriately.It's interesting to see that eastern cultures have greater understanding and tolerance to cryptocurrency if we exclude China from that.But even they return to the game with opening of their exchanges again.I hope the western world can draw some lessons from Japan,Singapore and others to create a better environment for cryptocoins.
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For some good, for other bad news, but there was news that something like this is happen sooner or later.Chinese authorities have obviously done they work in the area of regulation exchanges and now the Chinese will slowly return to the game.Some will say it would be better without them and I can agree with that,they created many problems for BTC in past and it is very possible that this will be the case in the future.
I do not think there was any question at all that the Chinese completely retreat from BTC,money is still in the first place for every government.Will the return of the Chinese exchanges affect the price?The answer is probably yes,after fork we should have crazy driving up.
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Like many others I can say it is good just to get some free coins and sell for quick profit,but many users will not do even that because it is not simple process.Bad side of this is one more "New" BTC which creates unnecessary confusion among users and also second big problem is hackers who create false wallets and in that way steal BTC from users.It happened with BCH and I think some will lose their coins this time also.
Unfortunately this forks/new BTC have no end in sight,sometimes I wish Satoshi is protected name "Bitcoin" and make hard fork possible every 4 years like halving.
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I have a question about possible tax payment when I use your service in EU countries.When I order Bitwala Prepaid Debit Card(physical) and use that card for ATMs withdraw or payment via POS is that visibly to every tax office in EU?
Second question is regarding card verification as I see you have level 2 user which have unlimited lifitime card,is there option to use card without verification and what limits are in that case?For verification you ask passport,can it be ID card which is used to travel between all the EU countries?
Hi Lucius, We do not send payment information automatically to any tax office (or police). If the police or tax office should ask us directly about the information of individual users for ongoing investigations we would have to comply with the laws in Germany and EU laws. You can find all the relevant information regarding level 2 verification here https://help.bitwala.com/general-information-and-account-verification/what-documents-do-i-need-to-submit-for-verification. From December 2017 unverified cards will have a €200 lifetime limit. At the moment it is €2500, but you would have to get in contact with support@bitwala.com for this. Best regards Robert @Bitwala Thanks for the detailed explanation,there is a saying that there are two things in life of which there is no escape-death and tax.It is better to pay the tax immediately,in case tax office discover us after few years we pay taxes and interest. I know about the EU decision for card limits, it would make sense for unverified cards to have limit 200€ per month,but for lifitime really does not make any sense.In this way EU simply wants all users of such services to be verified.
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I recently just won about 10k usd on blackjack off $300 , one way(their preferred way) to cashout is bitcoin. I downloaded bitcoin armory, figuring out how it works as we speak,seems like and advance wallet.... pretty sure I need to download a bit coin core. Anywho, my question is would be worthy to cash out the money through bitcoin, or try to do the old fashion way(a check). I know bitcoin rates fluctuate and I could potentially lose my winnings if the exchange rates drop. However, I made an account on itBit and once my accounts verified i'll most likely just exchange to cash. The problem is the verification can take 2 weeks. Thanks for the help in advance, any advice is welcomed and appreciated. Congratulations on a nice winnings,almost 2 BTC win is something that does not happen every day. As for your concerns what and how to cash out your money,I would recommend to you that you cash part of money in cash/fiat and and to leave something in BTC.In this way you will definitely profit short term,and very possible long-term if BTC price go up.Of course it's your decision and your money, BTC is always risk investment but for now looks very promising for the future.
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So I see some people around me, that seem to be able to find an altcoin that it brings them 5-20% increase in btc. How to resist not to put everything on an exchange and do the same? I did try a couple of times, but failed to make any profit. Should I be ok to just hold and put around 10% of my salary into BTC each month? Also, should I hold some alts or only BTC longterm?
thanks for the input
Trading with cryptocoins is very risky business,but sometimes very profitable and people are very easy to get hooked on it,especially if they have success in the initial stages of trading.But as you say it is not easy to find altcoin which has the potential for growth,many come quickly and even faster disappear.If you want to be successful in trading you have to be in that one hundred percent,check altcoins section daily,read and learn how to recognize right opportunity. Like you say trading is not for everyone and your plan is actually very good and can make you very nice profit.In addition to BTC which is the most promising coin it is hard to say which coin is suitable for longer investment,maybe ETH or LTC.
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About 18 months ago, I took all of my saving to invest in Bitcoin. I did that without telling my wife. She was so angry and said how foolish I was. Yesterday, I show her my BTC wallet and the current price of Bitcoin... "Honey, please look at my Proof of Foolishness" I told her. "and I will foolishly continue holding these BTC untill the price reach 500,000 USD. I wish by then I will once again show you how foolish I am" I think this is in any case a risky move,but which at this moment certainly paid off.What would be wise to do and someone has already advice you,at least cash out your initial investment so you will have your money and BTC to wait your expected price. Compared to the family who sold the house and everything else and invest all in BTC this is a little less drastic example,but I agree that this was still gambling.What is the risk here we are talking about it is unknown to us because we do not know amount OP is invest.
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I think the big majority of users knows what it is about this BTG and most of them will sell the first time it is possible.It is hard to believe that BTG may be something more or less then BCH,just one more altcoin for quick profit.So we can expect that users will dump BTG and buy BTC or maybe some altcoins and this means that new money will couse price increase of BTC.Also there is another fork and another opportunity for extra earnings very soon,so in general free coins are coming and how much you will be profit depends on how much BTC you have at moment of forks.
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It's never too late to buy some BTC if you believe the price will go up in future.I know everyone has a goal to possess at least 1 BTC,but for most people this is currently something that can not happen because of the price.You have to change the way you think and instead of thinking about buying 1 BTC make a plan and buy a certain amount every month.Some will need one year, some two or more but in the end you can have your 1 BTC.
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