there are some specific reasons behind this issue, Firstly, Most of the government official don't have any clear information regarding Bitcoin, they have a superficial knowledge regarding this issue. so lacking knowledge is one of the main reason for banning Bitcoin. secondly, they think that Bitcoin system is suitable for the purpose of money laundering and naturally it is harmful to the economy. Finally, I think Government seems that Bitcoin is one of the great threat to the local economy and banking system that is why they don't like Bitcoin.
- Yeah, I think the reason is mainly due to the Bitcoin no taxes, it is used for illegal activities and money laundering, the government can not control, they can not collect taxes, that made them not receive any benefit, so they decided to ban bitcoin. In my country, they have also decided to ban bitcoin by the end of the year, they do not allow people to continue using bitcoin, I really want to say they are stupid, although bitcoin has a negative impact on the economy but it can bring a great source of income for the people, from there, people can build and develop the country. Governments want the country to grow, they need to accept the bad side of bitcoin, they should not look at negative thoughts and ignore benefits in the long run |
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don't trade for a year!
My business strategy is to invest long-term into bitcoin until 2020. I want to keep bitcoin until then. As the country develops more and more, the value of money will be different each time. If you store gold, you are afraid of losses, but bitcoin reserves are not afraid. - Well, I see many people have the same choice as you, they concentrate a large part of their capital into Bitcoin because they believe Bitcoin is a safe choice and can bring long-term profits in the future, they do not choose the altcoin or any other investment because they do not have much time and fear of risk. My trading strategy is I also use 50% of my capital invested in bitcoin, this is a super-profitable investment, I will not ignore it, then 30% of my capital is used to invest in altcoin and hold in the short term, the remaining capital I used to surf and accumulate experience in the altcoin market, and I feel this is a pretty good strategy for any trader |
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Yes, you just heard. Investing in bitcoin is a good way to earn good money. You can invest in bitcoin. But of course you must have experience, patience and courage. You must take the risk. If you want to buy Bitcoin then invest a long term investment. There is a lot of hope for this.
Indeed! Bitcoin can give you hope for the better future but you must have knowledge and patience when you invest in bitcoin. Take note also of some risk that you are going to face when you start your trading experience. - Yeah, investing in bitcoin can make our future brighter than ever, the simple task we need to do is invest in bitcoin and wait, profits will automatically come to us, patience and knowledge is indispensable if we are to achieve profitability. Also, knowledge and patience will help us optimize our profits and reduce risk when we use bitcoin for trading, at the moment, bitcoin is really a good way to invest our money, many people have invested in bitcoin since very early and become rich with bitcoin, I believe we will be the next rich if we trust and invest in bitcoin. |
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for me if I had a choice then I would be more than happy to keep it because it will be useful for my future life later, because the value will be increased every year, and when I have a bitcoin then I too will definitely interested to spend it some in order to meet the needs and settle payments do not forget also to havin ' happy together with family but anyway I save some for safekeeping.  - If you own a large amount of Bitcoin, holding would be a safe choice and helping you have a great source of income after a waiting period but if not, holding also does not bring you too much benefit. Personally, I do not like holding bitcoin because I feel this is quite a waste of time, I like spending my bitcoin on things such as investing and trading because I want my money make money and continue to make more money, I want to get rich from bitcoin, so I never wasted my Bitcoin for silly things unless it's an emergency |
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Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
As far as I know there's no bank yet will accept bitcoin but who knows maybe next year. I think bank does not accept bitcoin now just because there's only few people who know about it hence, it will takes time for it be accepted in the whole world. - I think banks always want to accept bitcoin because bitcoin can help banks grow in the trading system, many people bring Bitcoin deposited in banks, banks will also have many benefits but their government does not allow them to do that. The government can not control the bitcoin, many people will use bitcoin to evade tax and money laundering, this affects the economy, they will not let that happen. Unless the government is able to control and manage the transactions of Bitcoin, if not, the bank will never be able to accept Bitcoin |
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Btctalk name: conected
Rank: Hero Member
Current post count: 763
BTC Address: 1KUeAy3eUYVsiuqgxeqp2rv56pPDkAgnor
Wear appropriate signature: Yes
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I will see the potential of the coin, if I feel sure the coin has the potential, better I wait for the price bounces rather than cut lose, but if the price is difficult to increase in a long time, it's better I sell it and move to another coin who have great potential to recover my losses.
- Yeah, keep calm, analyze and look at the potential of the coin, this is what we need to do to determine the method of dealing with loss, however, I see many people never do that, most of them panicked and immediately cut losses, they can not overcome the fear of losing. If we do not have the calm and do not analyze the problem, we will make the wrong decision and we will regret when prices rise again. Trading is a psychological game, if our psychology fluctuates, failure will find us, loss is only part of the game, we should get used to it, do not let it make us panic |
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My worst mistakes were chasing my losses everytime I lost  It never ended up well. Then correct that mistake, don't chase your losses now so that you will be fine now. Chasing your losses is always a bad thing so you really don't want to chase your losses if you now experienced that. - Well, chasing loss is always the biggest mistake of gamblers, if they soon stop when they receive a loss, they will not lose more money in gambling, and they will not fall into the gambling addiction. However, I think the worst mistake is that we have gone into gambling, if we are not exposed and gambling, we did not have many other mistakes, gambling is not a suitable place for anyone, joy is very little, most of us will get the sadness and loss when we come to gambling, if not go into gambling, I believe we will all have a richer life than the present |
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Savings in banks Deposits in banks Property investments, such as buying property (land and buildings) are then leased or resold after some time later. Gold investment, such as buying gold and then stored for the long term. May be useful in the long run. and produce a decent and satisfactory. or farming to buy sawan and gardening and planting fruits and vegetables is a very good investment. Although a little vulnerable to failure but it could not hurt to try.
yeah off course most of the people investing bit coins in trading because they need profit. it is one of the easiest way to earning money. really i agree with you because bit coin is one of the good investment to every one so you have to invest in this bit coin. keep it hold few months or years then take out the money from trading. you have to earn good profit from that money. Yes, I agree, bitcoin really the easiest way to make your money grow fast and very profitable thats why it is a good investment in terms of money and many investors appreciate in bitcoin because of its fast growth of currency just even this month its almost in $6000. - Bitcoin has reached 6,000 dollars in present time, this is the best and most obvious proof to explain why bitcoin is the best way to make money, simply we just bought and hold, Bitcoin will always surprise us about the development of its, profits will always increase over time. In addition, the potential of bitcoin has not been fully exploited, it is still in the development phase, investing in bitcoin right now, we will become rich in the future, looking at the present value and past values will prove what I say is right |
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Yes, Trading is one type of gambling but when compared to gambling it has low risk. In trading, some time prediction work and we can make some good amount of money but in gambling, the prediction will not work always.
Talking about the risk, it depends on the traders. For some people with less knowledge about trading then it has high risk as well. Trading can be considered as gambling or not, people have their own opinion. Some may say it is the same as gambling because prediction is involved like sports betting but some others may say trading is not gambling because it is not 100% based on luck. Yes, people have their own opinion regarding trading but in reality, anyone who trades without basis or just pure luck hoping things to turn out in their favor with 100% guess, is just as same as gambling. In gambling you either choose one side without any technical analysis, hoping for a greater good or pure luck, which makes trading different, cause with skills, there are ways you can avert huge losses and win more than you lose. - Well, if anyone know and have certain knowledge about trading, they will know that trading is only considered gambling when they do not have any market analysis, they rely on emotions to make decisions and profit is dependent on luck. But with a true trader, luck is only a part of winning, most of them rely on their skills and analytical ability, they always have the calculations in terms of risk and is based on factors surrounding the market to make a decision, decisions and actions based on emotion, they will limit to the lowest level |
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I am really having some fun in trading when my profits that comes from trading is much than what I have been invested and that is the fun I get when I earn those profit. But I am really serious about trading since I earn those investment in my hardwork and I don't think that it is just a game for other but fun will be appropriate in trading. Trading is a risky process and if you will be serious about it and really have some patience to earn that is I think the fun everybody could get in the world of trading.
I think the trading is the serious work to do it is not for the base of the fun. It needs a lot of the things and the proper concentration, time and the attention. You will be emotional and the useless work for the success in this, the process of the bitcoin is now very common and the people who want to become the successful person then you should focus on the bitcoin trading and not to take this for fun. I totally agree with you, personally when it comes to money i don't find it as fun and game specially dealing with BIG amount of money. This kind of business must be taken seriously because its not easy to earn money nowadays. I don't want to be sound kill joy but I truly value every penny i have so trading for me is not fun and game. - Yeah, when we talk about making money and and issues related to money, we should seriously with it, we should not consider trading as fun, that will make us subjective and easily make wrong decisions. Trading is a psychological game, if our psyche is too relaxed, we will not recognize the risks we will face, I only have fun when I get profit from trading, trading is a job, and at work, we should not think this is a fun game, it will affect our performance at work |
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thats good if you planning to build a mining farm if you can affrod it and i see you have a good amount of capital there but if you need another option or alternatives then i would suggest invest on bitcoins because it is far the most popular investing unit and the favorite tool by trader or a casual person who wants to earn good income overtime. also you can go on some altcoins like etherium and try some promising ico's because i see some people are making good profits joining early on a legit and solid ico. Mining farm is a good investment because it will give you continuous profit and it will give you passive income because after you bought your mining hardware and built it then you will have your money that is working for you and i believe that it will give you a lot of profit because you can mine altcoins that has a good potential and if you will hold them then you will get a lot of profit from that mined coins. - You should not just think about the profits and what great things you get when you invest and build a mining farm, you need to think about the risks that exist in it, when we invest we always need to think about risk first, not to think about profit, this is the experience in investment. Everything will never be the same as being in our thoughts, we can not be sure that mining equipment is working well and constantly, sometimes it will be damaged and the cost of repairs is not cheap, and we also need to pay for electricity every month, in summary, investment in mining is quite difficult at present, time to recover capital will be very long |
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So far in my country, there is no bank yet will accept bitcoin. But im not sure if there is really a bank that will accept bitcoin.
A bank accept Bitcoin means the government in that country also accept Bitcoin is legal. But today, we just have Japan is the first country accepted Bitcoin is legal. Other countries still considering, to be honest, I can understand the opinion of the government in those countries. They do not want to give us permission can control our money without the management of the government. - In short, until this moment, there is not any bank accepts Bitcoin because their governments do not accept Bitcoin, although the intention of many banks is that they want to accept bitcoin but they still can not resist the government of their country. Japan is the first country to bring bitcoin into use to pay for electricity and water costs but they just stop at that level, they can not bring bitcoin into the bank because Bitcoins can be used for illegal activities, if the bank accepts bitcoin, that would not be a good idea, it will make the illegal activities occurring more frequently |
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Sad to say I am part of the majority who loses more than win more , I tried many ways to profit from it and used different gambling methods just to win a game/bet but in the end I always lose that's why I stop gambling for a while and focus more on savings
- The purpose of gambling is to entertain, gambling is created to make our money, we enrich the owners of casinos, and you go the wrong purpose of gambling, gamble for profit, and of course, if you go wrong, you will have received the punishment, you will lose more money and not find the fun in the game. However, you should not be sad because all of us here are losing more than winning, they are similar to you but some people find fun and the meaning of the game in gambling. We have no way to be able to profit from gambling, any way will also not effective, we will still lose, I think you stop gambling is a good thing, do not go back to gambling, it just makes you lose more money |
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I would like to know how BTC and Gold are compared. Checking only the price seems too simple.
When he said BTC defeated gold, he's referring to the values of these two. In terms of value, bitcoin have really left gold behind. The usability and volatility of BTC is what makes it more preferrable than gold. Bitcoin is a ready-to-use asset especially in buying goods and paying bills. On the other hand, gold is often used in jewelries and local currency coins, and can't be access immediately unless you own a big gold mining company. Gold is old now. It prices does not rise up. After several years, it makes progress of few dollars. Other than that, can we really have gold? Where is gold? I think it is in the lockers of Rothschild but bitcoin is now owned by anyone and we all can have as many bitcoin as we want to and can buy actually. Digital currencies are the future of money and bitcoin is at top of them. - I agree with you, gold is old, it is of the past, the government has controlled the price of gold and made its price stable, that makes the appeal of gold dropped drastically, it does not have too much volatility, and we do not get too much profit from investing in it. And investors have gradually abandoned gold to seek new investment, and Bitcoin is the ideal investment destination, it does not belong to the government, the government can not control, potential and huge profits, attracted a lot of investors. These are the advantages that help bitcoin beat gold |
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Yes because most of the billionaires are open minded about any business or any thing that can grow their money, that is why they became billionaires.Most of them are optimistic and open to any thing that will benefit them.
Yes its true because most of the billionaires are business man and when we talk about business they always think about the profit or benefit they can get when doing business with other companies. Bitcoin is a good investment for them because as we can see the price of it is continuously growing and it means more profit. - In my opinion, I think that the billionaire is very interested in bitcoin because bitcoin is something very special, the price of bitcoin always increases over time and it still has no sign of stopping, it is the trend of the present and future. However, I believe that not too many of them invest in it because they have their jobs, they have their own investments, they were too rich, what they needed to do was to maintain their jobs then live a comfortable life, bitcoin with them are just a normal investment, it is similar to other investments, invest in it or not with them also does not affect too much to their financia |
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Gambling is strictly conected with luck and requires less skill than trading. Trading requires money mnagement,good strategy,emotion control etc.In gambling you can addict to games and fall to "gambler's fallacy". Trading is much more better option than blindly throwing away your money in gambling.
Trading is really better than gambling on any aspects for me because you will surely in control of the money you have and you have your trading plan every time you trade. On gambling you are really just depending on luck, yes you are having fun with it but if you do this most of the time you will be addict until you play with greed. Trading and gambling are both profitable but you must know your priority. our chances is wide open in trading and we can make profit but of course we need to do research and analyze first so we can found the right coins. but in gambling, although we have skills and experience, then our chance is not wide than trading and soon we can lose much of money. so i think trading will have big chance to us than playing gambling no matter in the short term or long term. - In gambling, skills and experience do not help us too much, casinos control all our activities, they can cheat, we can only rely on luck, this is not fair to us. But in trading, skills and experience will help us to predict more accurately, luck is only a part, we are not controlled by anyone, we will face other traders, and of course, if we do not have enough smart and no better than others, failure is very normal, everyone is equal and very fair, no cheating. In addition, when we start gambling, we can not stop until we get the final result but in trading, we can stop at any time we like, when we are losing, we can still hold and wait for the next pumping, that's the reason trading is better than gambling |
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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)
Basically the correct answer for that is when the price of bitcoin get dump, that's the right time to buy but when it pump that's the time to sell. But, everyone of us here has a different on how we look at price of bitcoin. For me, If I feel that it is the right time to buy and sell then I will follow my feelings. - Yeah, each person will have a different analysis about the market, and depending on the factors surrounding the market, they will determine when they should buy and when they should sell. And the best time to buy is when Bitcoin collapse strong, especially when Bitcoin received the bad news and after the fork occurs, and the good time to sell is when bitcoin has the good news or before the fork occurs, normally I always wait a few days to get the best price, the market will always give us signals to help us determine the buying time and the selling time, we need to realize this |
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I heard about it from a relative in 2016 but it sounded so complicated for me to understand. He succeeded in making me create a wallet on a particular site but the address was too long to remember so I just gave up. Yet again, a friend now reintroduce it to me this year and volunteered to take me through all the stages and processes involve, I learnt so much and decided to start somewhere and I come to love!
just like you. I heard about bitcoin in 2016, I was also told by my friends who's been successful in bitcoin. I thinking I felt I was late to get to know bitcoin because bitcoin already running six years. but after that, I realized I was not late to know bitcoin. because currently, I feel the highest price for approximately 7 years running. - To me, I heard about bitcoin from very early, that is in 2013, I know about bitcoin through an online money forum but then I do not have much interest in it, I feel this is a scam, and I will not earn money with it. And after 3 years make money online, I met a lot of failures and scams, then a friend led me back to bitcoin, at this time bitcoin was quite popular and is developing very well, I earned the first money from bitcoin and gradually I earned more, fortunately when fate took me to bitcoin again |
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The method I use to earn Bitcoin is to make money by trading in altcoins, to buy Bitcoin with the new money I earn. Then I trade again. I can not trust other methods. There is a lot of fraud in airdrops. I do not have time to do mining.
- Trading altcoin is a good way to earn bitcoin but it has certain risks, so we need a lot of skills and experience to minimize risk and make the most accurate predictions, should not participate in trading when we do not have enough experience and skills, that will make us easily fall into the trap and lose money. I am also a very enjoy trading altcoin, this is where help me develop my Bitcoin, in addition, I also earn bitcoin through social and signature campaigns, the job is very simple and the income from it is quite good. |
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