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21  Bitcoin / Bitcoin Discussion / Re: If people stop buying bitcoin on: November 01, 2017, 12:10:08 PM
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?

How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
I think this kind of situations will not going to be possible.  But bitcoins is a virtual currency.  The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened..

So basically this may happen in future as if it's value is got down,  everyone will sell it or the people who become rich will get beggar with it.
22  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be replaced by another cryptocurrency? on: October 31, 2017, 02:34:28 PM
I doubt that there is any other cryptocurrency or altcoin that can supersede the bitcoin. At least not for the next 5-10 years. Of course there are many rising competitors like ripple and litecoin. The newest addition to the list of its competitors is Ethereum. Ethereum has launched its own cryptocurrency called Ether that showed an exceptional growth last year making it the 2nd most popular cryptocurrency of 2016. And for all one knows, Ether is the only currency right now that owns a slight possibility to outpass the bitcoin in coming years. The biggest accomplishment of Ethereum perhaps is the support from some leading organizations like Microsoft and IBM. Microsoft’s US based financial team is now working with Ethereum to offer blockchain as a service to various business firms and financial institutions.
23  Bitcoin / Bitcoin Discussion / Re: What do you think are the biggest disadvantages of Bitcoin? on: October 31, 2017, 01:57:48 PM
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved Wink
Bitcoins biggest disadvantage is that it's transaction are dependent on banks or third party so the person is not answerable to anyone regarding his expenditure of bitcoin and this is threatened,  that person can may use money for making bombs or for doing illegal activities.  These online transactions can make the chances of transfer of information from one place to other people may do the wrong activities by it.  People can do hacked the bitcoins users account as all these are based on Internet as stealing online is bit easy than physical money stealing.
24  Economy / Economics / Re: The future of the paper money on: October 31, 2017, 06:20:54 AM
Everything has its own time. Everything sprouts, grows, withers, and disappears. This is the cycle of life – and the same process also applies to money and the way you obtain it.

Our perception of money – how it is earned and its value – is undergoing a major change.

You open your wallet and see a dime. The coin is physical, you can pick it up and hold it in your hand, and you are confident that it actually has a value of 10 cents. In a few years, you will most likely be holding a small plastic item shaped as a heart or a star, or you might not even have a wallet and only have access to a virtual currency, which you do not know what looks like. You have to be prepared for a financial revolution in the next 10 to 15 years.

Money as we know it has only existed for a relatively few years – the first banknote was printed in France in the 17th Century. More, recently, however, currencies have started to disappear; more than 600 in the last 30 years, and the trend continues. So one should be ready for future changes. 
25  Alternate cryptocurrencies / Altcoin Discussion / Re: Who is buying WAVES? on: October 26, 2017, 08:43:47 PM
the only ones who are investing in waves are those who doesnt know where to put their funds, most of them thinks that the price of waves will be $10 before the end of the year, or 50$ by next year, this is obviously false, there is no way that waves could rise by that price, it is almost impossible to see such a grow.
But it doesnt matter, there are better options for you to invest instead of waves, it is so freezed right now.
Just take a look at coins under $1, maybe they have more future than waves.

And I am also from one of those people who think that the price of Waves is gonna rise in the near future and that it is also better than ethereum and have more advantage over ethereum, the best thing about waves is the Decentralized exchange.
Even lisk is better than ethereum and also provide more functionalities than ethereum, so I would invest the profit that I make from waves into lisk as the people are surely gonna diverge from ethereum towards a better alternative and that is lisk.
26  Economy / Speculation / Re: Bitcoin Gold on: October 26, 2017, 07:03:04 PM
Will the bitcoin price decline after bitcoin gold?
I read that many now will continue to sell bitcoin and buy altcoins.
Should I buy bitcoin now or wait?
Its upto you where you want to buying bitcoins, if you think that its the best price you can get for buying bitcoins then you should buy bitcoins right now and if not then you should wait more as I also think that bitcoin price is gonna fall in the coming month but it's just a speculation made by me, you should do research and then make decisions based on the research. Also most people here don't know what they are talking about, they just post because they are getting paid for it, so there are slight chances for you to find something useful here.
27  Other / Beginners & Help / Re: The best way for newbies to buy bitcoin or ethereum on: October 26, 2017, 06:49:33 PM
Hi all,

Ive been investing small amounts in Bitcoin and ethereum for a year or so now but i wanted to ask what is the best or easiest way for a newbie to buy the currency now. I have a coinbase account so im able to purchase quickly if need be but so many buy sites make it very difficult for newbies to make such purchases in quick time. What is there out there thats on board and safe for anyone wanting to join the market quickly and start investing in such currencies?

Kind Regards

Griff
The best way for a newbie to buy bitcoins or Ethereum is through p2p method, it's easy and also if the person want to be anonymous it's the best thing he can do. As exchanges imply kyc and require all your personal details and the chances of those details to get hacked is always present, so there best would be to visit local board of your country here on the forum and then contact sellers who are trusted and never contact sellers with a negative trust.
28  Bitcoin / Bitcoin Discussion / Re: BitcoinGold pre-launch? Wut? on: October 26, 2017, 06:36:18 PM
What's this..? I see its trading on Yobit gone from 532 to 411 where it's currently at.
I thought the fork was next month?

No it happened a few hours ago.  It hasn't prelaunched per say but it has distributed free coins so anyone who holds a private key for Bitcoin

Hm okey, so I have private keys, what do I do with them to claim BTG?
The fork was said too take place in block 491407 and it's already mined so yes the chains have split and fork is successful so I will move my bitcoins from my wallet now.
I also have my private keys but there isn't any hard information in how to claim the bitcoin gold, so I'm waiting for a fee days to see a few more topics on claiming the bitcoin gold. I was saving my bitcoins frome past month just because I had to get bitcoin gold as its free money and also it is having pretty huge fan following and it will be fun to see where it's price goes.
29  Economy / Economics / Re: Investment for Bitcoins on: October 25, 2017, 05:26:50 PM
You can "invest" in bitcoin simply by buying some. If you're the risky type you could do so with leverage, some platforms offer ridiculously large leverage for BTC pairs, but this comes closer to gambling provided how risky investing in BTC is on its own.
Investments in bitcoins is very new trend that everyone is following it.  Bitcoin is continously growing.  Investing in bitcoins is profitable and investment on bitcoin is always give you a bonus.  Investing is always best either done on bitcoin or in banks .  But bitcoin invest are doubled and quadrupled  and it's predicted that bitcoin price will rise more and more and bitcoin price are skyrocketting.  And there are many big investment banks also investing in bitcoins.  Big investors are attracted by bitcoin and they are investing it.  I think investing in bitcoins is profitable.
30  Economy / Economics / Re: The future of the paper money on: October 25, 2017, 01:32:13 PM
The future of paper money is secure,  according to me.  I think paper money will no go out of our economy.  It may be possible that uses of paper money will be get minimised may be in future. Money in form of paper is so well established that it's removal is not possible from the system.  Most of the transaction take place in the world are in the form of paper money by the banks and this is can not be easily removed. Banks also become a major part of our economy that removal of them is not possible and banks is based on paper money. Banks and paper money are the core of economy and they will get modify in future.  
31  Economy / Economics / Re: Can Bitcoin also lead to corruption ? on: October 25, 2017, 04:16:38 AM
We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
I think this is the biggest fear of bitcoins economy.  Bitcoin allows transaction without involving any third party so the person trading are not answerable to anyone about how they use the money or how they earn the bitcoins.  People can do illegal things and business via bitcoins.
Bitcoin will enable them to trade goods and services without paying income tax and they don't have to show or to hide their economy.  Bitcoin will promote corruption.  Still corruption is prevailing very strong.  After bitcoin introduction in economy this will boost them And more and more corruption will take place.
32  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: October 25, 2017, 02:23:32 AM
I'm not sure I would class some of those countries as 'major' ... but there is a general sense now that bitcoins are leaving the USA, and at an accelerating rate.
Yes this is very much true. Bitcoin is the first crypto currency that's is spread in all over the world with such a high rate. Everyone is buying bitcoin, investing in bitcoins.  It is become globally famous.  Bitcoin is become a global currency and is most widely accepted.  As anyone from any part of the world can make transactions in other person account of different part of world.  There is no need of banks.  No need to pay transaction fees.  Safe and secure.  Bitcoin gives a global freedom to people.  Any person from any part of the world is particaipate in the bitcoins and can invest in it.  Bitcoin is become global currency as well as global investment.
33  Economy / Economics / Re: When to buy and sell bitcoin on: October 25, 2017, 02:09:30 AM
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)
I think bitcoin prices very fluctuactive,  as per my observations.  For me the best time of buying is no time.  I buy a regular amount of bitcoin every month rather to buy in bulk at a single time,  I buy bitcoin in parts,  I bought bitcoin every month.  So that of there in case in future there is drop in price I will buy in large bulk.  Now talking about when to sell the bitcoins, my answer is that I will sell my bitcoin when I have a significant amount of them.  I sell them also in partitions.  As if I buy 2 bitcoins per month I will sell one bitcoin every month.  As the regular stock of money will always with me and average number of bitcoins also maintain in my bitcoins wallet fir future savings.  In my opinion this is my best way
34  Other / Off-topic / Re: Young people should go all in on bitcoin on: October 25, 2017, 01:17:23 AM
I think it's not the young but everyone falling for bitcoin.  But talking about specially youngsters. Youngsters always have a habit to do something new everytime and that curiousty of them made them to participate in other activities.  I think youngsters should invest in bitcoin as they depend on their family their basic needs are fulfilled by them so lal they have to do is to keep saving and buying a bitcoin, investing in bitcoins is never wrong.  You never know where will bitcoin will stop buy till than enjoy its profit.  Keep saving buy bitcoin and you may end up being millionaire..
35  Economy / Economics / Re: Bitcoin reduces unemployment on: October 25, 2017, 12:59:14 AM
I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world

What is your opinion this time?
Bitcoins has a great potential undoubtedly but saying that it will reduce unemployment is too much expectations with it.  Hardworking and creativity is required in bitcoins no doubt but we can not deny that bitcoin also required a initial investment,  if you wanna buy a bitcoin you need an asset, if you wanna mine it in mining you still need big hardware computers. It is not easy that every one will go and start and start earning.  Bitcoin initially needs an asset.  Because bitcoin is so trending every one is trying their luck in it.  But we can not deny from the fact that bitcoin production is slow,  the rate of mining is not much.  And demand is huge.  So rapid price hike is now common and unemployment is a very big issue,  bitcoin alone can nit reduce unemployment,  because one should have a knowledge of how and where abouts of bitcoins and they should have a deep sense of knowledge of economy. Bitcoin is profitable as well as risky format but unemployments can not be reduce by it.  It may indulge people but it's not permanent,. 
36  Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? on: October 24, 2017, 04:12:50 PM
It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I think the rate by which bitcoin is increasing there are chances that more and more people will connect to it.  And there are very high chances that bitcoin is used by everyone in 2022. Bitcoin has come with so much advantages and it gives so much freedom to the people economically that there are chances that more and more people will connect to it. Bitcoin allows transaction without any fees across accounts,  bitcoin gives a sense of security.  I think we these advantages there are chances that people will connect to bitcoins more and more.  With this rate there are chances that people will connect to bitcoins.
37  Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? on: October 24, 2017, 03:54:37 PM
It is subj aid that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I think the rate by which bitcoin is increasing there are chances that more and more people will connect to it.  And there are very high chances that bitcoin is used by everyone in 2022. Bitcoin has come with so much advantages and it gives so much freedom to the people economically that there are chances that more and more people will connect to it. Bitcoin allows transaction without any fees across accounts,  bitcoin gives a sense of security.  I think we these advantages there are chances that people will connect to bitcoins more and more.  With this rate there are chances that people will connect to bitcoins.
38  Other / Off-topic / Re: What are some disadvantages of BTC? on: October 24, 2017, 03:05:25 PM
We all know the advantages of BTC, but what are some of the disadvantages??
I think bitcoins biggest disadvantage according to me is that bitcoin is totally dependent  on Internet means if you do not have a stable Internet connection one can not do the bitcoins job.  Bitcoin storage, bitcoin mining,  bitcoin transfer,  bitcoin transaction all are dependent on Internet.  Without all this is impossible.  So I think this is the biggest disadvantage of bitcoin.  Bitcoins other disadvantages is that transaction are nit dependent on banks or third party so the person is not answerable to anyone regarding his expenditure of bitcoin and this is threatened,  that person can may use money for making bombs or for doing illegal activities.  These online transactions can make the chances of transfer of information from one place to other people may do the wrong activities by it.  People can do hacked the bitcoins users account as all these are based on Internet as stealing online is bit easy than physical money stealing.
39  Bitcoin / Bitcoin Discussion / Re: Bitcoin reaches a record level, surpassing $ 6,000 on: October 24, 2017, 01:52:46 PM
This is not shocking at all  because the rate at which bitcoin is trending this has to happen.  And I believe that there will be more and more increase in prices of bitcoins. Bitcoins is trending in society, everyone wants to own bitcoin and investors are investing in bitcoins.  I think $6000dollars is start,  bitcoin will have a long journey.  Bitcoins has broke all records set regarding its prices. Bitcoin are attracting investors and many big huge investment banks are investing in bitcoins. 
40  Economy / Economics / Re: Bitcoin has defeated gold on: October 24, 2017, 12:40:43 AM
Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.
Bitcoins is defeating gold in investment,  more and more investors are investing in bitcoins rather than in gold.  The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.Gold and bitcoin are two different thing, each serves for a different purpose (in a way). Although both item can be an investment, they are still different. You can trust bitcoin for very wise investment ment for the future as well as gold however gold also are precious thing because it people love jewelries s and anything from gold so I think gold will stay in the market as well as bitcoin.
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