Bitcoin Forum
May 29, 2024, 03:21:35 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2] 3 4 »
21  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Ponzi scheme? on: May 20, 2018, 07:43:53 PM
of course not bitcoin is a digital currency that only belongs to itself no ponzi element, if you say ponzi seems you are affected by some mining and some investment projects or doubling the bitcoin that most today use ponzi scheme.

Bitcoin is very different from the ponzi scheme. Let's look at the difference:
The Ponzi scheme is an investment fraudulent activity that pays profit to investors from their own money, or money already paid by the previous investor, and not from the profits earned by each individual running the business. While Bitcoin is a software project without central authority. Consequently, no one can cheat with regard to investment profits. Like most major currencies (gold, US $, euro, yen, etc.). There is no warranty on the ability to buy and free exchange rates. This leads to volatility in which bitcoin owners can immeasurably gain or lose money. Bitcoin is also a useful and competitive payment system that is being used by thousands of users and businesses. So what do you think?
22  Economy / Economics / Re: Why is bitcoin worth? Welcome to discuss on: May 07, 2018, 04:39:55 PM
We must understand that there are too many problems in the transaction system so we have to find a solution to solve the problem, when we depend a lot and hope to the banks but this seems to never happen so bitcoin is the best solution to solve all transaction problems.

Because of the demand of people interested in using bitcoin that leads to the purchase and sale of bitcoin, the higher the bitcoin value; year after year. Bitcoin is valuable to use or adopt as it offers many features that can help our daily lives and also has great security features that you do not have to expose your personal information just to transfer or receive money. Bitcoin has the properties of money (durable, concise, exchangeable, rare, divisible, and recognizable) based on mathematical formulas rather than based on physical form (such as gold and silver) or confidence in the center (such as fiat currency). In short, Bitcoin is supported by math. With these attributes, all that is required of money to have an exchange rate is trust and acceptance. In the case of Bitcoin, this condition can be measured by the growth of users, sellers and early users. Like other currencies, the value of bitcoin comes only from people who are willing to accept it as a means of payment.
23  Economy / Economics / Re: Why bitcoin indeed "looks" like a Ponzi scheme on: May 07, 2018, 03:08:34 PM
Indeed, for the moment bitcoin is just a speculative products for a large part of the community.

But it goes with the inner concept.. I mean, the early adopters of bitcoin have entertaned other users by promising huge profits... So you cannot prevent people to try to make the most of what may seem to be another financial product!

I hope that one day it will be possible to use bitcoin in real life (actually there are places here and there accepting bitcoin as payment) but.. I think it will not come from large companies. for them, the blockchain is a big problem, as they hide most of their current transaction. Allowing traceability would be the end of their biggest profits.

So if you want to see bitcoin survive... Well, instead of counting on large institutions (against which bitcoin was actually created), try to come up with business ideas. We should count on the community of small users instead of always leaving decisions to bigger actors!

The Ponzi scheme is an investment fraudulent activity that pays profit to investors from their own money, or money already paid by the previous investor, and not from the profits earned by each individual running the business. The Ponzi scheme is designed to crumble at the last investor funding when the number of new participants is not enough. Bitcoin is a software project without central authority. Consequently, no one can cheat with regard to investment profits. Such as major currencies in general such as gold, the United States dollar, euro, yen, etc. there is no warranty on the ability to buy and free exchange rates. This leads to volatility in which bitcoin owners can immeasurably gain or lose money. Beyond the speculation factor, Bitcoin is also a useful and competitive payment system that is being used by thousands of users and businesses.
24  Economy / Economics / Re: How does a Bitcoin have any value? on: May 07, 2018, 03:01:40 PM
The value of bitcoin comes from "the recognition of the majority".  If people trust it and are willingly to use it, it gains its value.

Bitcoin has value because it is as valuable as money. Bitcoin has the properties of money (durable, concise, exchangeable, rare, divisible, and recognizable) based on mathematical formulas rather than based on physical form (such as gold and silver) or confidence in the center (such as fiat currency). In short, Bitcoin is supported by math. With these attributes, all that is required of money to have an exchange rate is trust and acceptance. In the case of Bitcoin, this condition can be measured by the growth of users, sellers and early users. Like other currencies, the value of bitcoin comes only from people who are willing to accept it as a means of payment.
25  Economy / Speculation / Re: Bitcoin value on: May 07, 2018, 02:18:52 PM
The value of bitcoin are very volatile it may decrease and increase it's because of the users of bitcoin the supply and demand can affect the bitcoin price.

Bitcoin has value because it is as valuable as money. Bitcoin has the properties of money (durable, concise, exchangeable, rare, divisible, and recognizable) based on mathematical formulas rather than based on physical form (such as gold and silver) or confidence in the center (such as fiat currency). In short, Bitcoin is supported by math. With these attributes, all that is required of money to have an exchange rate is trust and acceptance. In the case of Bitcoin, this condition can be measured by the growth of users, sellers and early users. Like other currencies, the value of bitcoin comes only from people who are willing to accept it as a means of payment.
26  Economy / Speculation / Re: What will happen when 1 satoshi is $ 1? on: May 07, 2018, 01:27:59 PM
Careful and Systematic investment leads to higher gains, bitcoin rise so fast and much more potential is there in a bitcoin. If it's a bubble we are happy to take advantage from it as its in a early stage and going towards $50000. Careful and happy trading


There will be many rich people in the world, who tend to make a bad impact in the world economy. 1 satoshi = $ 1 is something very unlikely, cost per transaction can increase up to $ 10,000 and I think no one will accept it because it will also be the end of Bitcoin. There is even the possibility that the price of Bitcoin will fall bad in the future, as there are many Altcoin that are growing rapidly these days eg ETH has worked Same with many companies even the president of Russia and even Vladimir who proclaim to work Same with ETH and there is a possibility of ETH price in the future ahead will increase even more likely equal to Bitcoin, for example two ripples or XRP that have worked Same with some banks there is also XRP tend to increase rapidly in the future although now XRP is more dominant in hold by mafia bank while for Bitcoin can be said not someone runs it because someone called satoshi nakamura just let go to the world and the number of coins Bitcoin supplay is only a few million while so many miners in this world are working to mine Bitcoin though for Bitcoin mining process is currently quite difficult and even though someone named satoshi nakamura pu n have backup 1 the million Bitcoins that he may release as the amount of Bitcoin supply will or has expired in this world. In fact many stories or news from professional crypto merchants outside who talk about Bitcoin prices will fall.
27  Bitcoin / Bitcoin Discussion / Re: Why do you involved in Cryptocurrency on: May 07, 2018, 12:53:24 PM
I think I entered in a cryptocurrency industry because I have a lot of dreams in my life that want to achive. And the I know that bitcoin can help or I can say is the key to get all I want and also to make a way to travel my dreams. I am glad that I meet bitcoin in my age. Because in early age I learn how to work hard for my goals and bitcoin change my mindset that very different before. I'm involved at bitcoin because it is a good investment. I am a business course graduate but since after my degree I dont have any capital to build my own business but here in bitcoin you can do business even in small capital or even you have a regular job.

I'm involved in Cryptocurrency, wanting to learn more about how the crypto currency works and how it has had such a big impact on people in an ever-changing world. I can make money from it and I truly believe that it can help me have financial freedom someday. Currently, I gained basic knowledge in the world of crypto contest and learned that it helps people in different ways. Another thing is to have another source of income to earn real money. I want something new and it is a Cryptocurrency trade where you can earn big profits.
28  Economy / Economics / Re: Martin Armstrong Discussion on: May 06, 2018, 07:54:08 PM
Im bearish LTC until sub $1 but i would buy segwit coins that are merge mined. Much profit.

I completely agree with TPTB_needswar that the workforce structure will really change and knowledge economy workers will be
in a privileged position, but that will not change some things about Martin Armstrong. I have great respect for his work, even though I am only
knew a bit about the economy I read and tried to understand everything he published, but he did not take into account the radical changes, which
will be caused by automation, M2M, and Internet of Things. It makes sense to assume that the analysis is correct by showing that
automation and robotics will remove 50% of the work by 2030 and this will undoubtedly bring a completely new paradigm for the economy
and society.
29  Bitcoin / Bitcoin Discussion / Re: Can we all please accept.. on: May 06, 2018, 10:10:50 AM
Governments dont like competition. Crypto is a direct threat to centralized entities. The problem is the blockchain technology is what gets overlooked. Blockchain technology can help all parties involved, businesses, individuals and governments.

Back again from each of us, do we accept with all this? Many of the people in the world must accept, but all of us are just small voices that are not heard at all. We know that bitcoin is a decentralized currency that can not be controlled by anyone who "may" why other governments want to ban it. Or maybe some illegal activity uses bitcoin as a method of payment because the transaction is anonymous and not easily managed. The government does not want anything that could affect their currency and investment in foreign exchange so they keep everything away from it.
30  Economy / Economics / Re: Bitcoin vs. Gold Prices on: May 06, 2018, 08:52:53 AM
Bitcoin is believed to be the new gold of today. But the only difference between the prices of these two entities is that gold's prices are stable compared to bitcoin's volatile that rises and falls drastically any time of the day.

Two objects are equally implied because both are obtained by way of mining or mining. As we know, gold mining has been done for centuries and is derived from crops. While bitcoin mining is done digitally that is through solving a series of mathematical problems (puzzle) based on certain difficulty level.
But you need to know that gold trading and bitcoin trading is very different in terms of price transactions. Gold and bitcoin can both be traded online. Determining bitcoin prices tends to rely on speculation. While gold, there are fundamental factors that affect the movement of gold prices. But physical ownership, like physical gold, becomes one of the advantages for gold. This is what makes gold a valuable asset for centuries and its ever-growing value.
31  Bitcoin / Bitcoin Discussion / Re: How to Secure Bitcoins? on: May 06, 2018, 07:14:37 AM
There are a lot of articles on how to protect your bitcoins with the help of specially designed software. You should look for such guides on how to make coins safe and be careful because there are a lot of scams

How to secure Bitcoin, as follows:

1. As Developers familiarize feedback from users to minimize Error Code errors that occur in DAO Attacks.
2. Stay relaxed to get information from emails or other messages that require you to do something, emotionally and in a hurry that is being used by hackers.
3. In storing the cryptocurrency assets you always order and record, where and how to save private key? How to prevent precautions if your place to store lost / damaged? Have some digital backup and wallet in the form of hardware or wallet printing.
32  Economy / Economics / Re: China will become Super Power ? on: May 03, 2018, 03:11:22 AM
The Trumpet forecasts that China will continue to grow as a formidable power, combining. China is still trying to achieve its dream to become a world superpower.

I will say ... No. There are two factors that can lead a nation to become a superpower that is economic power and military power with a global presence. For any nation to become a superpower, its military must be the best in the world. The Chinese state has now become an economic giant indoors but to become a superpower, it needs military power with a global presence. So if China wants to be the next superpower it must project an unmatched military power with a global presence and its currency has become a global denomination for international trade.
33  Bitcoin / Bitcoin Discussion / Re: What if someone bought up all the existing bitcoins? on: May 03, 2018, 02:48:01 AM
thinking of buying all the bitcoin?lol as much as that is crazy?i cant say it cannot happen but i dont think bitcoin its on its peak at the moment plus there are still more waiting to be minned and a whole waiting to be added to the market and you still can't predict the price till its added to the market cap.plus many people are still waiting for the market to blow up high so the could sell there's also.and with the number i don't think one prsn cou;d invest in all.but like i said there's nothing impossible

Very miraculous and unlikely, Bitcoin is not a centralized currency. Rely on market demand for virtual currency. If someone is interested in buying any existing Bitcoin and start buying anywhere, the price will go up. Currently there are more than 15 million Bitcoin available. These are not available for sale or even on the market, as they are usually stored for investment purposes and wealth accumulation. Bitcoin is sold in a very small market of total coins.
34  Economy / Economics / Re: The best way to invest on: April 30, 2018, 03:51:49 PM
If you ignore inflation in choosing a long-term investment vehicle, your investment may shrink its purchasing power. For the majority of people, stock investing or mutual funds is one way to keep up with inflation. You need to keep in mind that stock values can go up and down at any time. That's because most investment stocks are at risk.

There are many ways to invest. You do not have to worry, If you learn and get started the right way, you will succeed to be a good investor. Do not wait for the already established new invest, but invest in order to become established. For that, do investment as early as possible. It's good investment is done in the long term with the aim that you can be financially free when you are elderly. If you ignore inflation in choosing a long-term investment vehicle, your investment may shrink its purchasing power. In investing you need to divide the capital you have into some assets. For example gold investment, stocks, property, and debt. The goal is to prevent a total failure if one asset loses, because there are other assets that have profits. The burden felt when you lose is reduced.
35  Economy / Economics / Re: Is NOW the best time to buy or enter in bitcoin? on: April 30, 2018, 09:45:37 AM
I am only trading it now. I won't go long yet. expecting sub $4K by End of August. Either way i am making money so doesn't matter if its going up or down

this time is the right time to deposit bitcoin and sell it when bitcoin begins to creep up. For those of you beginners who want to play bitcoin, there is no guarantee next month bitcoin prices will stay like this because the price of these digital currencies every second is always changing like stocks. So if you are less precise little then the effect on the benefits you earn.
36  Economy / Economics / Re: Will you tech me please, What is ICO? on: April 30, 2018, 09:36:01 AM
ICO is what you called "Initial Coin Offering" means that you will buy their coin in very cheap price before it goes to  the market, You can earn a good profit from investing on ico when it becomes successful but most of icos are turning into a scam due to greed of developers that's why other investors are choosing to risk in Trading than to Invest on icos.
Other Icos are become successful and hits more than x10 of their price when it's in Crowdsale.

ICO or Initial Coin Offering is a fundraising effort to build applications related to Blockchain and its implementations such as cryptocurrency, bitcoin, smart contract and smart ledger. In short, ICO is implemented by beginners to cut the process of tight capital collection but is still adjusted to the requirements set by the VC and the bank.
37  Economy / Economics / Re: until when will the bounty program remain? on: April 30, 2018, 08:48:54 AM
It will remain as long as bitcoin is still alive because I think many of the ico projects are get profit with bitcoin only, though not all like that.

Program bounty akan selalu ada dan terus berlanjut selama perusahaan ICO mendapatkan untung, ini bukan pertimbangan sebagai hadiah tetapi ini adalah apa yang kami sebut penghargaan atau penghargaan dari apa yang kami kerjakan untuk mereka, saham kami untuk mempromosikan dan mengiklankan perusahaan mereka untuk mendorong dan mengundang banyak investor untuk berpartisipasi mendapatkan program mereka.
38  Economy / Economics / Re: The advantages of bitcoin on: April 30, 2018, 08:14:05 AM
First of all, absence of a third party in the transfer of money and you can send as much money as you want on. Other than that, few fee than other money tranfer system's. And its more protectable.

Bitcoin is a virtual currency providing efficiency, transparency, and resilience. its ability to rise very high within a short span of time allowing its holders to gain huge profits by investing little money, there is no need for intermediaries in transactions such as banking. Many entrepreneurs will come to use virtual currency. Instead they bring money to money changer better using virtual currency. virtual currency also has the benefit of decentralization because it is spread across thousands of servers belonging to the miners. This causes the risk of data loss becomes minimal because there is a copy of data on other servers.
39  Bitcoin / Bitcoin Discussion / Re: What makes Bitcoin valuable? on: April 30, 2018, 07:41:40 AM
bitcoin is valuable because it is the best asset for the future to come from many people who invest in bitcoin. And the most important factor that affects Bitcoin is the Internet because the Internet determines the existence of bitcoin.

Bitcoin is able to keep someone from spending the same money over and over again. For systems that run without central use, the Bitcoin method is brilliant. Bitcoin is able to transform the Internet from a data transfer system into a value transfer system. In addition Bitcoin is very cheap even close to 0, providing more benefits for users when compared with the cost of credit cards that account for 5% of the total money spent. Troubleshooting in the system. So much credit card information and undue debit cards are taking place in the Bitcoin system that the hard things to do will be instantly removed and the public trust that Bitcoin Bitcoin can also give people the chance to have financial freedom.
40  Economy / Economics / Re: A wise strategy for your bitcoin on: April 30, 2018, 02:29:11 AM
The strategy  in bitcoin is you buy Bitcoin when the price in the market is down,and sell when the price is high.

For me The strategy to do quality trading, not because of quantity. One of the wrong statements is the necessity to trade any time. So also with the business that we will run it, do not easily follow dna tempted FOMO when found a market that is skyrocketing suddenly. Keep in mind also that despite trading qualified with the best strategy, still there is no guarantee for us to get continuous success. And Keep in mind also that exchanger platform is not always safe because this part is often targeted by hackers. Associated with the risk, then do not ever save your coins in platform exchanger if we are actively doing trading.
Pages: « 1 [2] 3 4 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!