I don't think government can stop bitcoin in the coming years but I do think they will soon have a share on each individuals who use bitcoin to gain profit, especially when they pass a law to tax bitcoin users. Also if I were to based it on my countries condition, bitcoin has not yet caught their attention or any other digital cryptocurrency that is available around the world.
No one can stop bitcoin if they cannot stop torrents and people from downloading movies and video games or from streaming their favorite shows, then they are not going to stop bitcoin, people think of governments as all powerful and while they are powerful there are things they cannot stop and bitcoin is one of them and I’m sure they have realized that. |
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An update for anyone following the price evolution of B2X futures (they are listed as BT2 and trading like BT1/BTC for Bitcoin and BT2/BTC for Segwit2x) https://www.bitfinex.com/order_book/bt2btcAsks
Price
0.21985
This is the current price. It's tanking fast, not a long ago it was 0.5, it has lost more than double it's value. BT1 is trading at 0.78 BTC. I can't wait for the real whales to dump Segwit2x coin into oblivion when the time comes. I hope I get to dump fast enough to get my free BTC. This are good news, while I will prefer for the fork not to happen on the first place but if the miners need another reminder that it is the people the ones that control bitcoin and not big business then let them, it seems that more and more of those that signed the New York Agreement are leaving the agreement and I cannot be more happy, at the end we are going to remember this point in time as the moment when bitcoin and its users showed their strength. |
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It is not yet in the moon. We just need to wait for many years to call it, it really reached moon. And if we reached moon, probably we can take good profits on our investment by that. With bitcoin in the moon, I can see that many people will no longer buy at that price. I can see bitcoin at 1m usd in the future. Who agrees in this?
True, if a price above 5k is the moon then I do not want to imagine where are we going to be if the price reaches something like 100,000 dollars in the next decade we will probably be in another galaxy or something, that is why even at this price I’m not willing to sell since I know there is still more room to grow and I’m decided to hold until bitcoin hits my target price. |
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Eliminating fiat as a whole is not possible,
Thus no country will come forward to do this.
As fas as considering the acceptance of bitcoins and identifying them legally is considered I think Japan will nake the first move.
Besides it has already started that now at many shops bitcoins are being accepted as payment thus...its not possible to fully eliminate fiat but partial acceptance is legit.
It is very possible for a country to do without paper or coins and if anything its strangely preferable for the government to eliminate the population's small change. It would require spendable disposible usb type units for little amounts, really it reduces costs Im sure its feasible. That they are able to tax them more easily and restrict free movement of capital which is roughly how central banks work. The obvious answer here is Venezuela, not by choice but as a tail end consequence of its civil war. Zimbabwe never rescinded its own money properly, it was just was of no use in exchange so dollars became the default I think Zimbabwe rescinded its money quite recently, it was in the 2015 or 2016 if I’m not mistaken, countries need to watch at Zimbabwe and learn a lesson, if they keep playing with the money of the people, the people are going to take away their right to print currency and once that is gone they are never going to regain that power again since bitcoin seems to be more solid than ever. |
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trading is not easy as you will loose money before you will eventually gain some cash, but it all lies in your decision making skills, nothing more
I think thats normal for a newbie to make mistakes and every mistakes you will learn something so the next time you trade, you are aware of how it goes. before i started to trade i study the dos and donts, with a small capital i bought a coins that has potential and listen to my friend who teach me how to trade. Unless you are a genius, extremely talented or a lucky person we are all going to make mistakes when we trade, the issue is what we do once we make those mistakes, many people never learn from them and that is why you always see them making the same mistakes over and over again, but if you learn from them you can progress to the point you become a successful trader. |
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Eventually in the future, bitcoin will be replaced by another crypto currency but not soon. Bitcoin will be available till 2023 for mining. After that bitcoin will remain the costliest crypto currency. However, those who have already set up their expensive mining system, what will they do?
They will obviously find another crypto currency to mine and that crypto currency will become the next big thing after bitcoin. Everything in life, has a expiry date and bitcoin is no exception. But that is not going to happen anytime soon.
You will have to explain some details. Why mining will only be available until 2023? Because we should still have a good 100 years until no new blocks are mined. Also the fees will take over as the reward. Altcoins use different algorithms, with ASCIs it is not possible to switch to the next best coin. Probably people will not look for another system anymore, they trust bitcoin so much that is why the price that we see now is rising. That is the statement of the majority and create some good demand to make it happen. If there is a specific altcoin that will replace bitcoin, we cannot ascertain what it is due to their huge number. yes they even do not need to feel about new currency, as bitcoin is still number one and the best crypto currency which is providing the best option to its users, therefore i do not think that we even need to think about another crypto currency. Bitcoin is the biggest because the community is strong, and it maintains a lot of its respect from the rest of the world because of a lot of the stunning achievements it has accomplished, such as being valued over $1k, being relatively popular with some online financial systems and so, among other things. It's not like other cryptos can just show up, even if they are better. Bitcoin could be supplanted by another crypto, this won't be the first run through a development is dislodged by another advancement that does likewise yet better, take a gander at Walkmans they were progressive until the point that they were supplanted by discman and after that ipods. That could happen but no crypto has appeared that is better than bitcoin, only a handful of coins have some good ideas most the other coins have nothing new in them or are coins that are focused on a specific purpose, but not a single one of them has surpassed bitcoin in technology, so we are not sure if that is even possible besides even if that was the case what it is going to stop the devs to incorporate those new elements in bitcoin. |
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Delete your password from your local device and upload it to your mail. Like to a gmail account. This is safer and and you don't have to worry losing it.
You need to change your mail password and you need to set a authentication to access it with your phone only.
This is very insecure, an email is always online, you could get hacked at any moment of the day, while in your computer you can only be hacked while your computer is turned on and you have access to the internet, besides even if you delete the password from your local machine most of the time the password is still there you need to secure delete it. |
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choosing ICO it is important not to forget how many tokens the developer keeps to himself and whether the emission of new tokens
That number is only important if the number of tokens they are going to keep to themselves is very high I remember reading that UNIKOIN backed by Ashton Kutcher and Mark Cuban plan to keep 80% of the coins to themselves and yet they wanted to raise like 100 million that means that out of the gate they earn 400 million dollars, and that in my book is a huge red flag. |
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Is there any confirmation with this news? First of all, china doesn't own all mining companies in the world, and we are now used to this situation, that is, china is out of the picture, if they really do not have any trust in bitcoin, let us just, let them live with it, if they would illegalize mining, it will just be on their country, not around the world, and this time, there will be no effect on the price bitcoin if they do so, since the chinese investors already sold out there bitcoins, this is because of the banning of exchange and bannin of bitcoin. I think we should also recognize other countries that have miners, they are still mining and earning profit, we should just not mainly focus on china, they do not control bitcoin.
This was not a news this was just a commentary and we are free to speculate on it, China has not banned miners and I doubt they are going to do it, but if they were to do that then there is not a doubt that the bitcoin network will suffer, but like always we will be able to recover, miners will have to leave China and set up their mining farms somewhere else where there is cheap electricity. |
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Bitcoin being hacked cannot really happen because of its security. Wallets can be hacked but the whole system cannot be hacked. And their belief that it would crash is simply impossible, blockchain is not a single server.
Common people have a realty hard time grasping bitcoin decentralized nature, they think that bitcoin has to be something like paypal, just another form of payment and they do not realize that bitcoin is its own currency with its own set of features that cannot be replicated by traditional currencies, this is why I think we have not seen major adoption yet. |
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Divide your extra income and invest that income in different businesses. You will get income on that investment.
Portfolio is good to decide that how much should we invest in one business.
Bank deposit is also good for generating fix rate of interest.
I disagree I think it is the other way around people are getting smarter, they cannot just invest in whatever and expect great profits, the project needs to be good and be able to deliver on their promises, because if they do not do their due diligence and invest in some scam project, it is very likely they are going to lose their money and that is the one thing that all investors hate. |
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Only coins with large communities and/or real world use case will survive, the rest will die slowly and painfully.
My thoughts, too. I would add "... OR has some real innovative tech in the works". Those three points alone can give a good idea of wether a coin has a future or not, imo. On the other hand, I don't believe 2018 will see the deaths of many coins. With the speed new ICO appears on the market I believe more and more of them will be unfair for people and will be mostly collecting peoples funds and run. Eth, Stratis, Monero are ones of the most trusted these days I disagree I think it is the other way around people are getting smarter, they cannot just invest in whatever and expect great profits, the project needs to be good and be able to deliver on their promises, because if they do not do their due diligence and invest in some scam project, it is very likely they are going to lose their money and that is the one thing that all investors hate. |
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Bitcoin doesn't have an expire date. Once mined, they live forever. Even if the private keys are not known, they still have a private key that could be used to "unlock" them.
There is no thing as FINAL BITCOIN
I think he is talking about the last bitcoin ever mined, there are genesis coins, the first coins ever mined by satoshi, at some point the block reward is going to be less than 1 BTC and that is going to be a milestone so the last full coin ever mined is going to become some sort of collector item, even if fractions of bitcoin are still begin mined in the future. |
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Bitcoin in a country can be a double-edged sword. on the one hand can increase the economy and purchasing power of individuals or groups then they also help to move the wheels of economy more. on the other hand the government doesn’t get income from tax which becomes one of their income sources moreover government can’t earn tax from bitcoin transaction.
Governments need to get smaller, there is no way around that, governments are not doing anything to stop the bureaucracy when you could supplant millions of those jobs with computers and charge less taxes, so if they are not willing to that on their own bitcoin is going to do that for them, so I am not sorry at all if governments need to be smaller as a consequence of bitcoin acceptance through the world. |
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Whatever I understand from the experience until now is we should hold the bitcoin as investment for long term purpose. I don't know why people are getting panicked about the selling as there is no reason to do that one. If I can see with my naked eyes that prices keep hiking for bitcoin then I would I worry about selling it anyway.
Some days we have also seen price dropping by well over $500 within 24 hours and that is certainly not some moves every trader can afford to overlook or pretend they do not realize the value of their holding is dwindling. So Hodling should be a conscious decision to keep and forget until whenever set conditions are met and that makes it unsuitable for everyone. Holding is the easiest strategy but in this world where people want everything right now it can be a very difficult advice to follow for a significant number of persons, how many people entered the real estate market when anyone could see it was nothing but a bubble, if you want to get profits you need to enter a market before most people do and that is exactly what we have done with bitcoin. |
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For those that buy bitcoin last week when the price fell and was dump to $1,785 can now take profit as from https://coinmarketcap.com is currently $2,750. Thank God for another blessing! and now 4k someday we will look this threat and say wow i should buy more  I used all my assets to invest in this market and I am sure when I think back to the past I will not regret investing in Bitcoin. I hope Bitcoin prices can rise by more than $ 10,000 by year's end Not going to happen if your investment strategy depends on bitcoin to reach such numbers in such a short amount of time then the strategy is flawed it is that simple, you need to set targets that are more realistic for bitcoin, if you don’t you may become inpatient with the speed of growth and you may sell your bitcoin for a bad price, do not do it, keep holding your bitcoin, if you have a target price like 10k then you need to willing to wait for years, if you aren't willing then bitcoin is not for you. |
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i think the first county to eliminate fiat and convert to crypto are Russia and Japan, why do i say so? because Russia President Vladimir Putin wants to adopt Blockchain in there country and wants to accept any cryptocurrency on his project. then second why Japan? because in year 2020 Japan will use Virtual Currency as their payment method which is good for their county. they will make their own token. i think J Coin or Japan Coin.. https://cointelegraph.com/news/japan-considers-launching-j-coin-eliminating-cash-before-tokyo-2020-gamesThere is no point to adopt a cryptocurrency that is used by a country that can be changed at will and that you cannot access the source code to see if there is any backdoor in the code, it needs to be a crypto like bitcoin, that has a limit on the amount of coins that are ever going to exists and that has its code open for anyone to see and evaluate. |
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You could even start trading by investing just a small amount like 0.01 btc and thats why its said that trading is the legit and best source of earning bitcoins.Just do a general research about crypto coins so that you could get an idea about which coins are older and newer coins.Since you are a newbie,better invest in older coins like ethereum,dogecoin,etc.Fix a target of 5% as profit margin and as soon as you reach that target,just sell that coins and finish the trade.Then reinvest your amount in another coin and continue the trade.
5% is attainable but I found my comfort zone at 3% where I usually hit my 3% target gain very fast and therefore boosting my confidence. Although I am not doing all in trade because I really learned my lesson when the price of etherium down too hard and I got my coins in prison for couple of weeks or it was months.. Correct there is not much of a point into trying to hit huge gains if you are a day trader, you need to concentrate to find those opportunities that give you small but guaranteed results if you do that the amount of bitcoin you hold will keep on increasing steadily, you are not going to make a fortune that way but you are going to be able to make a significant amount of money. |
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Roger Ver has shown explicit support for the Segwit 2x fork, to the point of claiming that his propaganda website, Bitcoin.com, will list Segwit 2x as "BTC". Source:  Given these facts, why are the futures looking bad for B2X? These people are rich, shouldn't they be pumping Bitfinex futures on B2X? Or simply there's enough people already dumping it and nobody cares? Looks like B2X will meet the same fate as BU futures. Just another dead shitcoin. Simple they want money and if they were to try to pump that coin they are going to lose money so that is why they are not doing it, who in his right mind will invest in something if you think that is going to give you losses? And that is if the fork happens at all, if the fork happens I do not think we are going to see the miners moving all their mining equipment to mine this new coin, they are going to test the waters first and when they see it is not going to give them profits they are only going to assign a small amount of their hash rate to that altcoin. |
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This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
The dump is caused by speculators and weak hands, no one that know anything about bitcoin will see a relationship between icos being banned and bitcoin, most of the icos are ETH tokens and have no relationship with bitcoin, now bitcoin is trading at the same levels as before which show to us this was nothing but a speculative dump if it was a real one the price will go down and stay down for months or years. |
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