There is no such a thing as making money from money, money comes from hard work being done first, even bitcoin was only easy to mine at first because it didn't have current value and as value grows harder it gets to obtain them.
Billions of people are working day after day and their works transforms to products and value. if you see someone earns money simply by moving the money it self back and forth hands to hands is because they see opportunities that only depends on others doing their work getting paid and give their earned money to invest in something that someone else is saying it has value equal to whatever that is the case.
So basically we only invest by trusting that the person is telling the truth.
Actually sir there is ! we called it investment we make our money do its own task to create more money for example here in our country I usually deposit in the bank and invest it as mutual fund over the years it will create profit that how rich become more richer because of this ! they make money work for them. Yes money begets money, you cannot earn money if you do not have money to start with or if there is no money involve. Have a glimpse of every persons past. To be able to have a stable job we need to study and graduate. And schooling is an expensive investment because it needs a lot of money but a worthy investment because if successful can give us a bright future. Without money, you cannot have a proper education. You can be a scholar but that still involve money though it is not from your own pocket but from the pocket of your sponsor. Now, you have graduated, and got accepted for a job. You cannot go to your work without money to spend for transportation. You cannot work effectively if you do not have money to buy your daily dietary needs. So if you want to get money or bitcoin, you need money to get it. Take note even signature campaign participant need money to buy a computer, pay for electric bills and buy parts of his computer if it breaks. |
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Introducing Bitcoin had been easier than before. There are lots of written documents and presentation that tells about it. Even case studies on Bitcoin. So i do not think that introducing it is that difficult. What difficult is, making people understand what bitcoin is, persuading them to use it instead of the traditional payment processor. It is the interest of people that is hard to get in my opinion, but still this case depends on how well you have played your aces here.
In depth knowledge should not be targeted for on a newbie introduction. There is some footage on Youtube that is presentable, and flipping through some several websites like Bitfinex et. all. should transport the picture of "something big incoming" For the curious some Question & Answers section following days afterwards makes sense to me. Learning curve, timespans and all of that. I think it will still be very difficult to introduce bitcoin. In developing countries and are unfamiliar with the system would be very difficult to make people believe with bitcoin, because they already have a real doctrine that bitcoin has many risks. I've also tried to introduce a bitcoin to some of my friends in the community, but they know bitcoin for drug transactions and a lot of scam so it is not safe, although there are some who are interested but most claimed are not interested. I think most people need to see proof that they believe in, and it was very difficult. But I'm sure as time goes bitcoin will be able to take sympathy of many people. You are already talking about adoption of Bitcoin. We are just on introduction. As what you qouted said, it is easy to introduce Bitcoin since there are already documents and presentation in the internet from basic to advance explanation to make them know the all abouts of bitcoin. |
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Sorry? Trupms or President of United States America will stand for $(USD) Not stand for $(Bitcoins). America or President's not GOD.
Trumps will make america great again not Make Bitcoin great again. So please talking about opinion Trumps to bitcoins. You things trumps will bought a ton Bitcoin?
That looks senseless. He does't need to make Bitcoins grow, he should not ban bitcoin that's all. The ban within his country affects the entire circulation of bitcoin for which I believe Trumps Government surely supports bitcoin. Already technically skilled people are there along with him in his government. I think every country that will react to bitcoin will automatically affect bitcoin economy, I also think that Trump would rather stand for USD and strengthen it than Bitcoin but will not ban Bitcoin. There is no indication that Trump's government will support Bitcoin, what he intend is to make America great again and bitcoin is out of context there. |
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Fiat and bitcoin still consider as different money.
Fiat is currency and bitcoin is investment like gold , etc. The advantage for bitcoin is they have value like fiat so people can use bitcoin like fiat
Some country still block bitcoin , makes their popularity difficult to grow exponentially but since I trust bitcoin, doesn't mean it impossible to happen
They are both currency and they function as currency, they are both being traded except the other one is decentralized and driven by speculation. I do believe that fiat currencies are facing extinction but not soon. It will take long years before electronic money take over. |
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Very simple stuff. Create business, build business, accept btc and buy your own service with your own btc. Pay the small amount of tax and you have clean money. One simple method of hundreds or thousands out there.
Lol it looks like you've experienced to eliminate the traces after carrying out illegal activities. indeed with bitcoin you can do the laundering of money, so that you will avoid taxes or else It is not that easy, someone that look at the blockchain will see all the transactions come from the very same address and will realize that either someone is buying your service over and over again or you are the one doing it. See every time the person will not send through the same address he has the ability to change it different address in order to do multiple transaction, how can people will identify if he keep on changing multiple address means, these thing should be take care so that we can control money laundering through bitcoin. It wouldn't be too hard to trace those bitcoins from the first address to the last with all in between, remember that all the transaction take place on an public ledger. They can use mixers along the way and that would help a little but if you are talking big money then no mixer can handle it. And what sort of "control" are you talking about, government laws and regulations? No way man, if they want to catch tax cheats then they will just have to find another way. Or they can do bitcoin transfer little by little as time pass by, I wonder how they can detect when the bitcoin was sent from one mixer service to another mixer service many times. I once read an article about mixing service that it is just an exaggerated claim according to one of the FBI agent. If this is true then they really can trace those Bitcoins. |
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Do you think, a single person can impact on bitcoin price? Obsolutely no. May the person might advertise about bitcoin and few people start using bitcoin because of this. But this might note impact much!
It depends on the person, if Satoshi revealed himself or someone discovered who he is then even if he is not involved directly on bitcoin anymore he could affect the price dramatically, if he wanted to withdraw his coins then probably the price will plummet, but if he burned his coins then the price will skyrocket. I dont see the reason why the price will skyrocket if Satoshi burn his million BTC. At this point, the coins is idle, so basically it is out of the in the market circulation, burning the coin does not change anything except making it permanently out of the market. But I agree that when this million BTC move and sold and dumped aggressively to the exchange, we can see a sudden decline in price maybe we can see another sub $100 BTC. |
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Interesting activity here, just as I thought, the dev will deliver that drone raffle draw. Maybe this is more proof for the unsure   Are you saying you have a second batch of drone raffle in the way? Well I hope your swap is smooth, gonna wait for this drone coin in yobit so I can buy a little amount of BTC.  . Following and watching this thread. |
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Because the Bitcoin system is global, it depends neither a Bank nor a State. It can be used everywhere where internet is available and it is easily transportable. Nobody can neutralize it as would a bank by blocking accounts and ATMs. To block the bitcoin network you should stop internet! The system is immune from a bank failure. It is indecipherable and inviolable system through Cryptography, many thieves and hackers attempted to change or steal bitcoins without success. Counterfeit currency and counterfeiting are impossible. The network is unassailable. Simply to say, Bitcoin is better than their system, has many advantages and they don't have any control on it ..... Bitcoin rules  I think this is not the reason why Bitcoin is not supported in some country. It is the unavailability to control Bitcoin. There are some leaders that wants to control everything. And Bitcoin simply contradict it. So as a result, this leader do not support Bitcoin to the extent of banning it or tighting regulation with regards to Bitcoins transactions. |
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Have similar systems been tried before the bitcoin system emerged? Is the Bitcoin system the first in this area?
Was find the Blockchain system included with bitcoin? Was there any blockchain technology before?
Bitcoin is the first decentralized blockchain but there are blockchain existed before Bitcoin and the difference is they is centralized. So we can say that Bitcoin is not the first one to use Blockchain technology but Bitcoin is the first to make blockchain decentralized, thus creating a changed to financial system. |
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The guy is probably talking about the booster package and other freebies on the CGC platform. Of you read a few pages back, the CGC team offer some freebies to the platform testers. It seems that CGC is entering Yobit rocket ICO, and it is good for yobit to review CGC codes. This project had been so serious so far, and it is sad that it failed its first ICO, but i hope for you guys on your Rocket ICO in yobit. I am sure be waiting for it there.
Yes that was the last update by CGC team but they never returned back to inform the community more about it.I assume they have abandoned the idea of Rocket ICO My take is, yobit is behind that scammy crowdfund, why else would it be looking like a cheap shoddy crap cloned from identically looking yobit scraps, and released as is, without anything. Lol pls. support your accusation with solid and valid proof. No one had been scammed here yet, all the investment are being refunded by the escrow. |
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I am not feeling very comfortable with the current situation. The exchange rates rose to almost $1,200, before falling back to $800-820 level. And once again, some news from China was the reason behind the crash. Back in 2013, I remember some similar news from China crashing the exchange rates from $1,200+ to $750 per coin.
Yeah seems we can see the pattern here, well at least people are a bit resistant now than before. We can see the difference in reaction of market way back 2013 and now. Last 2014 as soon as China release the news, price plummet and continue to downtrend until sub 200 but today its different, it only have a peak of price at sub $800 but now it seems stable @ $870 - $900+ |
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holding bitcoin for long time can make profits.It is good to buy bitcoin at low price and hold it for years untill it's price pump up to deserve price.
Yes holding bitcoin for the long time is a good way to make money in the future It is best time to buy and hold it a few years and you will be happy to get a lot of profit. yes i also agree with you that holding bitcoin for a long time is really will be a good decision. its going to be wise you hold more than a hundred but if you just hold less than 10 btc, its not something worth unless you buy a coin that is gradually creeping up the market. the more coins you have the more profit you can get. a growth of single cent can be a good amount if you have 200k of this coin. 10 BTC in my opinion is good enough as investment and holding it for 10 years will will give you more than what you are expecting. Let us be realistic here, a normal person will have a hard time buying 200 BTC , but 10 BTC can be easily acquired in span of time. Having 10 BTC bought at $900 and wait till the price hits $2,000 can give you a fund to business start up if you sell it. And I think Bitcoin will reach that amount after 10 years from now. |
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no one will know when bitcoin price is stable but we can predict in how much range bitcoin price will up and down. if you want to buy, make sure that you buy when the price is down and you can see the time by watching the chart trends. i don't know the price will stable in $800 or not because the price is always up and down. so if you think that you are good to buy, then buy when the price is on bottom.
It would be best as other suggested to buy in between pump and correction, or pump and dump before the correction takes place. You can easily identify it by watching the market. Pump begins when there is no reason for bitcoin to increase in price yet it increase, dump will follow after a pump or some Bad press happen. So I being updated in news will give you hints when to buy Bitcoin. And bitcoin will never be stable as long as it is under speculation market. |
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Developer ensures us that Bitcoin is safe but of course there is no 100% safe. But i think blockchain has never been compromised. With this I guess it is safe, much safer than the security of your credit card and visa card when it comes to transactions.
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Yes very true what you are saying and perhaps of humans are greedy and are not satisfied with the results. When I gamble I also feel the same way, when I lose in gambling I am sure that if I would gamble again and manage to repatriate my bet amount and can even multiply. Maybe if we want to stop gambling on the whole we have to stop and try something else which is related to gambling at all.
yes that is right the mane is greedy not only in gambling i but in every aspect life. they want every thing and more, human wishes can only be completed when he die. otherwise he will demand for more and more .but i think it too risky/ Some humans are able to reach a point wheer they think "okay this is enough" and they are content with what they achieved. It's not common but I would say at least half of the population would be happy with 1 million dollars and living off interests without having to work ever again, even if the interest don't make you live a lavish lifestyle, most people just want free time, myself included, I would be happy to make 20k a year in interests and not have to work, I hate working, I just want to get rich and live off interests just so I dont have to work thats all. So what does this stuff do with stopping in gambling? Are we sure that half of the population can earn that much in gambling? As far as I know many people are already busted even before they reach a winning of $50k. Anyway, if a person really wanted to stop then he can just stop. No ifs no buts but stop. End. Period. No more extra betting. |
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I would say wait for it, i am sure the price going to go up again, the longer you hold the better price it is going to be, i still holding my bitcoin and i am not going to sell my bitcoin at this price, i will observe and see how is the bitcoin price after the chinese new year
yes i am also interested to wait. Most definitely. You would have sold when the price was $1100, now it's better to wait for the Chinese new year. The market is mostly stable now but it will raise soon. And holding Bitcoins will always make you money. That certainly was the time when there were good chances of selling, and then buying at a lower price later. At the moment, I think the risk is too high to sell, since Bitcoin has been rising in value more steadily in recent weeks. This, in my opinion, may be a good sign for the holders. There is no risk when you are selling but there is when you are buying unless you wanted to short. I think I would wait for sometime before selling my BTC. We just came from a dip so probably the price will get higher than it was before. And Holding Bitcoin longer does not hurt us because we do intend to hold it really long time to get the possible maximum return. |
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It seems that CGC is entering Yobit rocket ICO, and it is good for yobit to review CGC codes. This project had been so serious so far, and it is sad that it failed its first ICO, but i hope for you guys on your Rocket ICO in yobit. I am sure be waiting for it there.
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no one country can control completely
no matter how many measures, the black site still works
This is totally happening
Chinese government can not manage the Bitcoin
I believe that is true
yes that is a fact that not a single country is controlling bitcoin, although it is a fact that the number of bitcoin users are more than any other country but still they are not controlling bitcoin because bitcoin is a decentralize currency. I agree that not a single country is controlling bitcoin but there is some country that have great influence to bitcoin market and one of them is China. We all witnessed that whenever China release a news whether it is positive or negative, the market react to it. That is a clear indication of great influence of China to Bitcoin. It may not be controlling Bitcoin but it influenced bitcoin market that much. |
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When the knowledge and trading skills are in place, signature campaigns, can be a good source for raising the trading capital and eventually both activities can get along concurrently, bringing in more coins and better life.
but the income that you earn from a signature campaign is not a good one, as compare to trading in alt coins. one care earn a fixed amount from signature campaign while trading altcoin can give you a lot of bitcoins if the price of signature campaign you have invested your money . I agree that signature campaign can be use to accumulate capital for trading. But it will not give you enough for the time being to support yourself. There is no other way if you are starting from a scratch but to find a stable job then look for side jobs for extra earning. Signature campaign cannot sustain your lifestyle. |
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actually some people do not have any skill in trading and they totally depend on their money they have and on their luck, they do not have any knowledge about trading, therefore we can consider trading as gambling.
Yes, lack of knowledge is the main reason for some traders considering and performing their trading in gambling way. Even trading has many possibilities for profit making unlike gambling, these people might be incurring only losses from their trading. We need to spend more time to groom as a trader then there will be less chances to trade in gambling way. If we rushed into trading without learning it properly, then losses will be the only results. I agree trading needs time and devotion for our skills and knowledge to grow but sad most trader forget about this. They just simply buy into the hype of the coin and jump on buying them without even doing research. This can be considered as gambling. Trading blindly. |
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