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21

Bitcoin / Bitcoin Discussion / Re: Will bitcoin Die because of global Regulations?

on: May 30, 2018, 02:04:48 AM

Quote from: ronypro on January 16, 2018, 03:09:52 PM Frist China want to ban all the foreign exchanges in their country. https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/ then France Creates Working Group for Cryptocurrency Regulation https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013 then German Central Bank Director: Crypto Regulations Must Be International https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international Also India already setup a board for crypto regulation. What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized? How much do you think a global regulation on crypto will affect the overall market in this year? When you say global its the majority of the country..I think that would never happen as you can see though many ban bitcoin still there were many countries who believe and trust bitcoin so maybe we should take our part by spreading how good bitcoin was so many countries will try to accept it in their country. Im sure they will love bitcoin if they know what the benifit it brings to all the people around the world. Bitcoin reduces poverty so who doesnt want it. As a bitcoin owner everybody should be responsible enough for their btc.. we should not tolerate using it illegally so the whole world will accept btc.

22

Bitcoin / Bitcoin Discussion / Re: Will crypto replace fiat money?

on: May 29, 2018, 12:09:23 PM

Quote from: 1inside1 on November 21, 2017, 06:27:43 PM I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR) If there were crypto that would replace fiat then it would be btc aside from its popularity many people put their trust on it..maybe time will come that it would replace fiat but it may be on a hundred years.. we will not experiencing it because as of now many of our generation doesnt have any idea about it also many govt institution were against it..but someday as the technology keep on arising blockchain technology would rule the world.

23

Bitcoin / Bitcoin Discussion / Re: Government and Bitcoin

on: May 29, 2018, 10:47:51 AM

Quote from: bitcoinpiece on April 23, 2015, 05:37:45 AM Why, until now, government all over the world still doesn't trust bitcoin? Because of its anonimity that is why government doesnt trust bitcoin.. anybody could use bitcoin in any way they can be it legally or not.. but actually any kind of currency could be use illegally but government doesnt have the control to bitcoin because it is decentralized so they dont fully trust bitcoin..

24

Bitcoin / Bitcoin Discussion / Re: Which is more risky? Bitcoin or bank investment?

on: May 29, 2018, 07:41:25 AM

Every investment is risky because you will never know what lies ahead.. Investing is just like gambling you may win some or lose some but the key there is never lose your trust in investing because it is the easiest way to get rich.. In investing in btc you should be careful where you trust your money.. research on different ICOs and invest those ICOs which is known for having a good performance.. Do not go for anonymous ICOs..because many of them were scammers wanting to rob you.

25

Bitcoin / Legal / Re: Criminals and Bitcoin

on: May 29, 2018, 07:07:55 AM

Quote from: brawdias on April 28, 2018, 03:41:12 PM I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades. How the police can find about these transactions? Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people. Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society. Yes you were right with or without bitcoin crimes were always there..even before bitcoin exist.. Its not bitcoins fault even without internet criminals can still do some illegal job. Fiat were also use to transact illegally so why blame only the bitcoin.. if they would shut down bitcoin they should shut down internet. Bitcoin just like any other currency had its negativity but why not focus on positive side right? Its for the welfare of the people.

26

Bitcoin / Bitcoin Discussion / Re: How are your governments reacting to Bitcoin?

on: April 18, 2018, 12:08:21 AM

Quote from: Vinz1992 on January 29, 2018, 06:09:16 AM Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here. The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines! How are your governments reacting to Bitcoin and what's its position in your country? From the last few years our government reaction for bitcoin is positive since there were no reported bitcoin abuses in our country..actually our government approve the use of bitcoin in our country,they only recommend us to regulate the use of it,,but sadly..just last week our national television reported about a couple who use bitcoin in scamming..those scammers get almost millions from different victims,,so now I am afraid if the government here will ban bitcoin..because of those incident..but the thing here is maybe we bitcoiners must be reaponsible enough for our bitcoin..we should avoid and detect scammers before they can hit us..

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