i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
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Nice one! A good thought for the future here. That is in perspective that the Cryptocurrency eventually takes over the physical cash we have at the moment. I want to believe that there will be a frame time given for withdrawal of the money from circulation and the chance to have it all converted to Cryptocurrency. After which, a stipulated time can be announced when the money will no longer be valid as a means of exchange. |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Well, a real thought question that has crossed my mind so many times. I for one will put most of my cash into it and let it work for me than staying in a bank fallow! The risk are much less if your converted money in Bitcoin is put in a regulated trade. I don't buy the idea of just keeping money in bank except in shares, bonds, treasury bills and the likes. Irrespective of the risks involved in Bitcoin or Cryptocurrencies in general, that's why we are all here and it is somewhat sustaining. So, my take is, you can turn most into bitcoins or other businesses and leave few for the daily needs and contingencies. |
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Hmmn... Really interesting! I smile. Whatever reasons they had to pull out in the first place has sure really been forfeited or better still achieved if it was a test on their part. They really have seen that the Bitcoin is no longer within their manipulation reach. This had a little effect though but Bitcoin has been bouncing back without them. Bitcoin has been a tool or birthed from their end area but now knows no holds/barrier! |
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I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
Bitcoin isnt gambling but there is gambling of bitcoins. Also with money, people earn money/cash in various ways; gambling is also mentioned and one of the quickest way to earn either Bitcoin or money! Somehow, in trading, the word gambling also comes in play and when you don't really know the nitty gritty of what trade entails then it can be termed as gambling too. So, in summary, an OUTSIDER who doesn't have a basic knowledge of how Bitcoin operates just concludes prematurely that Bitcoin is gambling! |
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Well, from what the concept says: decentralization! No particular persons calling the shots as regards Bitcoin! The only part I might choose to agree with the Bitcoin bank is interns of security and moderation just to put theft and losses in check. Aside that, I don't need a physical bank really.
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For me, I did say waves and the Neo. Waves has been good for me with some profits on the learning trades platform. I also recently got to hear of the Neo and it did made some good profits for some persons with a 40% profit margin. Well, other altcoins too just cones in to favour and then mellow out for a while too.
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Well, I am currently on a slack platform; an educative one for that matter. I don't see how a chat platform will be basically termed scam. Probably, I will say it depends on the users. Any social medium can be used by scammers. It now has to do with users' sensitivity to cyber safety. Meaning one shouldn't be too careless about one's details when on any chat platforms.
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How to detect a scam ICO?
Well, sometimes it might be quite difficult to differentiate between a real ICO or a scam. You may not really be able to tell the motives of some persons behind the ICOs. A friend did say you can check with their whitepapers to read through and be able to tell if it is scam or not. But I should say that the integrity of the Directors/Managers matter too. |
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Well, at the moment I got to know about ethereum from a good friend as regards its importance via the token exchange platform markets. But its value has somewhat been constant relatively with the Bitcoin price market movements. I have been able to observe this closely with our country's fiat. I also do like the site security for myether wallet. The only issue has been with hackers really working ways out to have this altcoin brought down - probably to frustrate its uprising against the Bitcoin. But I still stand with Ethereum.
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It is quite very possible to earn regularly with the Bitcoin and also trading with the altcoins too. I know of someone who resigned his 8-5pm job to face his cryptocurrency business fully. And he has not regretted this at all. If you have a job, it can be a side earning. And if alone, it can really stand alone as a real source of income which is regular. You can also on the long run establish other physical businesses.
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*sorry if this topic is not suitable here,but i need help.
Hi,
I am using coinbase since from the start. But now i want to change my bitcoin wallet. Since coinbase disabled the sign message option for the users,i want to leave them permanent and badly need a secure wallet for my hardly earned bitcoin.
I don't want to download the full blockchain, and don't know which wallet is safe and easy for me.So please help me out.
I have only coinbase wallet, i never used any other wallet.
Well, I will recommend Luno Bitcoin wallet for now coz that's what I am using at the moment. It is quite safe and secure. The transaction fees are also relatively ok at the moment. You can try look it up and give it a trial too. |
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Hmmn... If Bitcoin ever becomes centralized (which isn't possible because itz main purpose itself will then be defeated) it will pathetically lose itz value. I believe the only way a country's government might want to benefit from this is via taxation which hasn't been implemented. Centralising Bitcoin is centralising the whole of cryptocurrency itself! Making it have some form of limitations.
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Bitcoin use at the moment is seen as a source of income for me via trading. Well, I will definitely be exploring the other ways of using it to generate income too. Especially, for the part of acquiring it bit by bit till it gains more value to resell gradually in the future. I basically see Bitcoin now as the platform for the altcoins to create source of income for us too.
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Yes! I did give Bitcoin as a wedding gift. That's with the knowing that the couple or one of them will know about it. Just ensuring it isn't going to be a waste and disregarded. It is really a big gift in disguise I would say. And this will also help put the couple in line of investment and another source of income for the newly started family.
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There will definitely be an effect on the Bitcoin market if war should happen between the mighty North Korea and America. There are major investors in these countries, meaning they will be withdrawing from activities and if there are loss of lives this will or can lead to loss of Bitcoin accounts too. So, Bitcoin can be lost in transit and volumes lost too.
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Hmmn... Coincidentally, I have been coming across this question about the earth's shape. I apologize that I am asking why it should be mystery? Why the lies and different theories? Well, I can't say precisely how one can be able to determine the actual earth's shape. But those in space study should just end whatever conspiracy they are trying to build up as regards this and letz have the real picture like black or white!
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Hmmn... That will be really interesting to cash out at the rate of 1m dollars! But at the moment, it's still a dream. With the speculations here and there and with the real volatile market fluctuations, I did love to continue making profits in the trading; cashing in and out! And the bitcoin is being forseen to drop lower coz of people converting to fiat for the festive seasons. I will then plan towards buying for purpose of holding and waiting for the price to go up - and if the dream of the 1m dollars meets it, Gbam!
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Well, aside other enemies bitcoin might be having aside d altcoins, we can have the government of the country vieing against it. A friend did say, as long as government isn't able to monitor the earnings of bitcoin through taxation then they will continue to pose as a threat to bitcoin in the different countries. So, the government is a body and can be convinced if taxation with bitcoin is introduced but can be a killer if there is a threat.
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Trading I hear s for the hard hearted and really done without sentiments; unemotional! Someone did a transfer for me today and it went low before it got to my btc wallet! I really got offset about it! Trading is risky and gets ur heart pressure up! Not good for those who are feeble minded. I tried some before now and with some regrets. I will say though that if you have the right analysis and a good robot, u can trade well with little or no risk or hopes been dashed on the ground! It is good though is done correctly.
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