I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.
Of course though it's just like a fiat if I gave you a $100 it's either you bought a wine or a food for yourself right? so as the bitcoin it's your responsible or it depend on the person on how he/she would value the bitcoin. And yes it can be use either through legal stuffs and through illegal stuffs. Cause you can access many sites that are illegal then using bitcoin as a pay. That's the risk of the internet , and to be honest many of the criminals using the what so called the Tor, if you know what I mean tor can use through accessing the deep web , that keep your identity safe but , but if your not have a proper knowledge then your IP address will be hacked and that's the main part of accessing through jail to be honest though.
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Many countries seem to have a hard time defining and regulating Bitcoin. The current legal framework is not enough to deal with cryptocurrency revolution, thus most countries still have not considered Bitcoin to be an additional legal tender just like the function of their central bank issued fiat money.
However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.
For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes.
I agreed though lets just enjoy that it's "not yet legal but not banned" , but there are many countries that banned the bitcoin such as, france , china , korea and also the india , and many countries on the asia is still illegal , for the people who are in the asia still waiting to implement or to be legalize the bitcoin. And on the other hand I think sooner or later it would be the currency of our world though , many of government and also the medias are disagree on implementing bitcoin because of the one reason and that's the bad image of bitcoin that it can be used on the illegal stuffs but such as the money right or the currency that we are using , so why they not legal it? , because of the lack of knowledge through bitcoin.
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Is it enough to be smart with just nothing to lean on and go on with your life? Because i feel that there are a lot of people who doesn't know how to handle their money with regards to see in the future. Is it enough to be smart and not be strategical or somewhat a person who has a lot of experience. Who would you choose?
For me it is required to be a master of both things like of course you can not have experience if you are not going to try and some people would think it's a waste of their time if they are doing what they know already like repeating their work over and over again. So it should be in a balance.
For me I prefer the both strategic and being an smart person , because it's balance though , I'm a strategic and a smart person the only different is how you can solved the problem strategic have a plan on their head , plan that either result positively and negative. Smart is how fast they can solved the problem on their on mind on how they can out played the problem. It's like a money though strategic focused on how they will earn money , smart focused on how can they spent money wisely.
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Outstanding though it's a great idea , and good to hear , I will buy that black T-shirt though looks cute and suggesting to have an different design, and as for me though I wanted to be a youtuber to advertise the bitcoin great Idea right?. Looking forward to this Tshirts best wishes to you though , good luck and spread it.
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Why do people want Bitcoin?
Bitcoins act as new currencies in the digital age. It can cross borders without any banks or governments.
The recent boom in Bitcoin may be great news for those who put money here early. But it also made it possible for Bitcoin to become a distant currency.
I can now use my Bitcoin number to buy stuff at Overstock or book a hotel at Expedia. But if I use Bitcoin to buy $ 25 on the Overstock today, and next week Bitcoin prices will increase fourfold, I'll feel that stock is $ 100. If Bitcoin loses its price, at least I still have the stock to use.
Bitcoins are considered as a kind of asset, instead of currency, with great profit expectations later on.
There is only one reason why many people wanted bitcoin , the reason is they wanted to become rich to change their life at many aspects , and we all know that us too wanted to be rich. And as of now bitcoin is gaining more and more popularity that resulting to many people will notice the bitcoin , and furthermore many investors , entrepreneur and businessman around the world is successful by the help of bitcoin.
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When is the best time to buy bitcoin and when do you think is the best time to sell? I think its a great time to buy now but when is a good time to sell (if you have any idea please share)
My idea is , we all know that method an old method which been famous and used by many , and it is the buying low and selling high method from the world itself , buy coins when at low price and sell it on the high price , and if you wanted more then hold it as much as you can and sell it for a better profit , a better income. And still there is a risk such as , the panic selling that resulting a regret and disappointment. And also I wanted to add that be a optimistic , wise and strategize person , be patient that's all.
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Is the time right to invest in ethereum or is it at a bad time? The price of ethereum is increasing so there is no bad time , you can still invest on ethereum and also I suggest that , do some trading we all know that ethereum would increase , and hold it and sell it when the price of ethereum goes up.
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Both Ripple and Litecoin has been doing greatly in the market of late with litecoin even outperforming other digital currencies at some point.
between the two, which one would you invest in and why?
This two coins are great and a best way to invest your coins , and the price of litecoins is $215 and the ripple is $1.13 so which means that still the litecoins is the one of the best to invest. But , "BUT" despite the prices of this two coins , still for me is I would choose the litecoins , it's going strong same as the ethereum , ripple is a good way to invest but the best is the litecoins.
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We really need bitcoin especially in our daily lives because everything in this world nowadays are needed money so it will be helpful if you have a bitcoin. We can earned money on this and it's also taught us how to invest, Save money, make funds and other activities that are related to money. It is also makes our lives easier. It can be our second source of income if you don't have a regular job.
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Sorry to say but I think bitcoin is not completely secured because everything in this world are now highly technology used so it will be easy for the hackers to attack any system. Everything in the online world are not safe and secure because it is only the product of peoples imagination and made by their skills and intelligence so it will be easy for the people to create or to discover how to steal or hacked accounts. S don't give your fully trust on the online world.
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There are many benefits of having bitcoin when we compare it to the other currencies it contains a huge advantage because it is immune to inflation. And other currencies loses their value each year while bitcoin is a finite currency. Bitcoin when it comes to payment it is popular because of its easy and quick to use compared to the other payment method. It's also has a low transactions fee. And complete freedom to the third parties.
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Bitcoin can really change the world and and every individuals living especially in our economy and when it comes to money transferring and others. Bitcoin gives everyone a chance to use real online currency without any limitations and restrictions. It's also changing how we transfer money, make funds and give payments.
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Maybe some of your friends think that bitcoin is a kind of scam or ponzi. I will not blame them of how they think about bitcoin but I think it's too harsh to say bitcoin is a scam or ponzi especially if you don't have enough evidence and you didn't experience it on your own . It's true that Don't judge the book by it's cover especially if you don't know the story behind it.
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Government are trying to ban bitcoin because they think it is a form of gambling and it can also leads to different crimes like scam ,extorsion, money laundering and etc. It has a possibility that our economy will be go down because they will choose to do bitcoin instead of regular job to avoid paying taxes .
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No one will know what will happen in the future but im pretty sure that it will continue to rise and be known throughout the world because of its effectiveness when it comes to financial.
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People should invest in bitcoin because it simply easy the transactions can be happen anytime and anywhere . It is also,Low cost the the bitcoin exchange fees and transactions fees are low and minimal so it could also helps us to save .
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if bitcoin wasn't created it is simply there wil be no transactions and investment can happen online . And there will be no anything that we are doing in here .
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I think so, bitcoin can be dangerous because it can attract people to do some things that are against our law like money laundering ,extorsion, scam and financial terrorism.
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Many large companies and big corporation are continue to operate with Bitcoin because it is a better way to do transactions.It is a best place for the business help them to increase their income and to decrease transactions fee.
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Bitcoin has a big impact to change the world and our livings. It can help us when it comes to financial because it can help us to save money and invest that we can use to our future some day.
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