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161  Economy / Economics / Re: New rich people thanks to BTC on: October 25, 2017, 02:27:12 PM
Many ppl became rich, but more lost their chances by selling their BTC at low price. Problem is, that many don't understand, how to use their money, gained from BCT, and lost all their prfits very fast.
A lot of people who use bitcoin now become rich and I know new people are not happy now in bitcoin but when they get profit and gain then they will feel lucky I know that, and when people invest in bitcoin with the spirit of succeed then they will win one day and get a lot from bitcoin.
162  Economy / Economics / Re: Why people scam on: October 25, 2017, 02:23:46 PM
reason because they are self interest and impatient, they want to become rich by all means. That is why bitcoin is here to reduce the rate of unemployment in the society and scamming (419) by so doing you get busied by making you own cool money without depending on someone.
I know that people scam just only because they want to be rich quickly and want fun in their life but this is not fair because a lot of people invest in bitcoin and also in many companies, agencies etc and get a lot of profit but people many people setting there to get money by doing work which I like the most.
163  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin Die Because of China? on: October 25, 2017, 12:45:04 PM
Nope. It is already proven that Bitcoin can withstand losing China as one of its biggest investor. The moment when China banned the ICOs and exchanges, the cryptomarket fall including Bitcoin. From 4500 it fell down to 3300 in an instant. Bitcoin was able to recover and is now having a market value of 6000$. So it surely won't die just because of what happened.
As we know bitcoin is a decentralized cryptocurrency so how bitcoin will die because of china rejection? No its will not because bitcoin don’t depend on anything just grow and grow with the time and that’s why I started investing in bitcoin because I feel safe when I heard that characteristic of bitcoin and now I fell really lucky to invest in bitcoin.
164  Economy / Speculation / Re: Bubble or Not? on: October 25, 2017, 12:42:48 PM
The last bubble was in 2013.

Bitcoin is not a classic bubble, but still be 'suspicious,' says investing expert William Bernstein
https://www.c[Suspicious link removed]m/2017/10/24/william-bernstein-bitcoin-is-not-a-classic-bubble.html

Quote
  • William Bernstein is a neurologist who became a best-selling author on investing in the 1990s.
  • Bernstein does not believe bitcoin is a classic investing bubble because it doesn't fit all four of the criteria of manias he developed.
  • "Unless [you are] an expert on blockchain technology and bitcoin, stay away. Don't invest in things [you] don't understand," Bernstein told CNBC.

Do you think we're in the 5th bubble?

Even if the price is higher than it should be, so what? All stocks at some point become overvalued, bitcoin suffers more volatility because it is not a stock but a currency, the most important thing is to know that the technology is real, it works and it is not just a speculative instrument like the famous pets.com on the dot com bubble, bitcoin is the real thing and it will become even bigger in the future.
What do you means of bubble or not of bitcoin, as we all know bitcoin is now whenever in which position but this is only due to the support of people not its form of bubble or not. Bitcoin is a decentralized cryptocurrency which is unable to stop in growth and will be more popular with the time and I know one day the bitcoin will get its main position if future.
165  Bitcoin / Bitcoin Discussion / Re: So Bitcoin is better than Gold? on: October 25, 2017, 12:38:46 PM
So Bitcoin is better than Gold? Roll Eyes

So far bitcoin is better than gold, only based on price is what I am saying. Bitcoin Gold still needs some time to prove it's mettle.
Yes of course bitcoins is much better then gold because os some reasons, the first thing why I like bitcoin than gold is that the price of bitcoin is now a day’s $5800 while gold price is much lower and also the price of bitcoin changes a lot and increases with the time while gold doesn’t get change as bitcoin.
166  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money? on: October 25, 2017, 12:25:11 PM
Things that can be given to get something is trading or exchanging things for profit so money is our thing to give so we can get what we need and so as Bitcoin.
Bitcoin is money that can be used for payment for local or international, remittances, credits,  services and so on.
Yes, Bitcoin is money and it is more than a money
Yeah I think bitcoin can be used as a money because not only some people but also a lot of people use bitcoin for getting profit and gaining money the simple thing is using bitcoin as a online business but we need to get the real treasure from bitcoin I mean to get a lot of real information from it and know the world business etc things.
167  Bitcoin / Bitcoin Discussion / Re: Criminality and Bitcoin on: October 24, 2017, 04:23:01 PM
I DONT THINK THAT BITCOIN CAN BE NAMED AS CRIMINALITY AS PEOPLEEARN IT BY HARDWORK AND OBVIOUSLY BY WASTING THEIR INTERNET SO PLEASE DO NOT NAME BITCOIN AS CRIMINALITY.THANKS!
According to me there will be some criminality where bitcoin will exists because it is consider true about bitcoin that bitcoin existence can cause a big increases in criminality and that’s why in some countries bitcoin is banned and people earn bitcoin there by using VPN like apps to unblock which is also a crime and people goes against their government here.
168  Bitcoin / Bitcoin Discussion / Re: How to explain bitcoin to teenagers or children on: October 21, 2017, 05:12:58 PM
Since teenagers now are into technologies, it will be easy to explain it to teenagers and children. We just got to tell them about Bitcoin and its work and function. After all they can do the research and read some articles to know Bitcoin more.
Its true that young generations nowadays are more into technologies, but not everyone of them really interested in it. I think we need to make bitcoin become more interesting in another creative ways so that it can reached even children, not only focusing on the income but more focusing on the technologies like blockchain and such  Grin
The most important things to do after that is to make children mind positive and clear about bitcoin that bitcoin is a future currency and you should need to get knowledge from now to make that easy to learn. And I know these childrens will be really good and experienced from older generation and that will help bitcoin more to grow up and to be advance.
169  Bitcoin / Bitcoin Discussion / Re: What do you think? on: October 21, 2017, 04:49:57 PM
Well could be and could not. It depends on their intention. If they are to start a business they can do an ICO in promoting their project so that it can guarantee funds in their project. But they are rich, maybe they do not need this cryptocurrency world in order for their project/business to be successful.
I only think about future and the use of bitcoin in my future that how it will help me to step next in my life yes, bitcoin is a digital currency and I set that bitcoin second to real money because all people invest in bitcoin just to make money and they do these things only to earn money for life and to make life easier and full of happiness.
170  Bitcoin / Bitcoin Discussion / Re: is it risky to turn all my money to bitcoins? on: October 21, 2017, 04:43:27 PM
All the things need to risk, success also need a risk and I think it's very risk to turn all money in bitcoin. Because bitcoin price unstable and unpredictable, better you put half into bitcoin and half again into business in not cryptocurrency investment.

I agree with your thinking, do not put all the eggs in a basket, divide them for investment. The hold of bitcoin takes a long time and during that time t can look to the crypto market.
there's no harm for anyone to go allin on bitcoin investment as long as you can afford to do it. take that risk and you might would get a better and bigger return. everything always worth with the risk. you just need to think about it carefully. if you looking for a safe move then yeah you should split it into several places , but when you ready to get a worst scheme , and not just about collecting instant money, go allin are your choice.
All the wealth has to be trad with risk, but when it reaches high value and buy hold it is too dangerous. Although it may still increase further but some investors will be anxious to sell losses.
crypto investment always full of risk , i personally always think that the whole money i invested are gone already. so there's no way for you to cut the loss . you are not gambling here by the way , still you need to make a careful analysis . just to make sure you won't sell it anytime in any condition . that's the meaning of taking risk allin investment for me.
I am agree with you this is risky because the price of bitcoin is not stable and can goes down or sometime goes up that why we need to be sure in this situation before spending that money and this is really serious issue because here only luck will help you otherwise it is really risky.
171  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be replaced by another cryptocurrency? on: October 21, 2017, 04:34:25 PM
A big no, there are not any alt that has enough possible and attributes to beat the bitcoin. As well as bitcoin end users and marketcap is genuinely large than most of the altcoins which displays the adoption of bitcoin is extremely large than any alts. No person can forecast the potential even so bitcoin could continue being amount one particular crypto for up coming couple of a long time.
Yes there is possibility of another cryptocurrency because people like new things, people love to invest in new currency as now bitcoin is on the top that’s why they are still investing in bitcoin but altcoin importance is increasing now days and many people change their mind to altcoin which make really problem to bitcoin.
172  Other / Archival / Re: Do you agree with idea "Bitcoin bank" ? on: October 20, 2017, 10:51:51 AM
There are multiple ways people can store bitcoins offline, using either a paper wallet or hardware options from companies like Trezor, Opendime, Ledger, and Keepkey.
You know bitcoin is a currency and a digital currency so if it is a currency then it must need a bank to securer and help people to invest in bitcoin easy but also to the popularity and spreading of bitcoin all over the world don’t need any bank etc because as we see bitcoin become more popular without having any help.
173  Economy / Economics / Re: Is bitcoin a good way to invest your money ? on: October 20, 2017, 10:38:40 AM
I think Bitcoin is a good investment especially now that its value is not that high yet, in a few more years it will be more valuable than the car you bought last year. And Bitcoin is slowly increasing its price every year, if you could compare its price from the year it started till now it is really a huge difference specially in terms of its market.
It depends open the value of bitcoin and the people interest, knowledge, skills and all information about bitcoin. Investigating all these things is mandatory before investment in bitcoin, otherwise you may lose your investment and then you will never accept bitcoin as the new digital legal currency of the world in the future. Things itself are not bad but the use of it by the unfair people make them good or bad. So think before and decide later.
Yes of course bitcoin is a good way to invest money because bitcoin have a lot properties that make people relax after investing in bitcoin and these properties are,
1 security
2 decentralized cryptocurrency
3 low fees
4 support from back
5 increasing price continuously
Yes that’s why people invest in bitcoin without any hesitation.
174  Economy / Economics / Re: Should I stop Buying BTC? on: October 20, 2017, 10:30:04 AM
By now for sure you've already profited from the coins you bought a month ago. Bitcoin is a good investment and this time would be the best time to stop buying BTC because the price is high but once fork is here then BTC would most likely or I'm speculating it will go down and is the best time to buy again the coin.
There are two conditions the first one is when the price of bitcoin goes up so what will we do? So the answer will be to stop buying bitcoins to get more profit like that the second condition is when the price of bitcoin goes down the best choice will be to be patience and when again the price goes up then sell that bitcoin which will be profitable.
175  Economy / Economics / Re: What is the best way to make money with bitcoin in 2017? on: October 19, 2017, 05:17:32 PM
There are many options for earning money in bitcoin,investing to ico's, trading with alcoins, invest long term alctoins and just hodl, or just get btc and wait.
Now the time is going to be advance more and more and making money with the internet is becoming more difficult but bitcoin make it really easy showing the people that money isn’t really important the thing which is important Is how to live a life and now a lot of people making their life be investing in bitcoin, trading in bitcoin and also using signature campaign these three things, make bitcoin really important.
176  Bitcoin / Bitcoin Discussion / Re: Are Bitcoins taxable? on: October 09, 2017, 04:30:28 PM
This guy asked like 6-7 years ago and people still have not gotten it. In most of the world you will owe some kind of tax. In the U.S. you will owe capitol gains on all profits you made. No exceptions.
If you keep your savings in bitcoin even in the US, it is not subject to taxation. Only when you exchange bitcoin for Fiat money and money will be deposited into your Bank account you must pay taxes. So you couldn't claim it is better to look for opportunities to purchase goods with bitcoin.
I think yes that still therer is not any tax on bitcoin, but I think that those countries who have consider bitcoin as legal currency I think they can put tax on bitcoin.
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