Many people need big proof to satisfy that this site is legit ..whats the best way to convince your relatives or friends
You earn some bitcoin or buy bitcoin and convert it to your domestic currency and buy them something, and they should be satisfied and convinced. This site is legit, and one of the ways on how to prove it is that ,campaign managers sometimes post the transaction ids, you can check whether or not people are paid or not. |
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The price of bitcoin increased after the August 1 hard fork tremendously. Another hard fork is coming up. So there exists such a possibility for happening. Now the price is fluctuating between 4200-4400$,so 5000$ can be predicted and the price might Even go above that.
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BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.
The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity. You expect bitcoin to exist without any fees, well I am sorry such a thing ain't gonna happen! You cannot expect to get an awesome service for free. Your greediness is too much to be honest. You want the price to increase but at the same time you don't want to pay for the fee. And in case you didn't know bitcoin acts as a source of income for hundreds and thousands out there so it does play a big role in real life. |
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One of the biggest disadvantages I feel is that I and most of the people consider it as an asset and hold it. Whereas it's a currency and you're supposed to spend it. Most of us don't spend bitcoin for small things because we are afraid that the price will go up and the receiver will benefit from it and we will have a loss and second, the transaction fee is found unnecessary by some people.
Nevertheless I am happy with what I have and you cannot expect anything to be perfect in each and every aspect ,and when it comes to bitcoin it has achieved and done things no one can has ever thought of.
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Finally, we can see some official and legal action taking place for the ICOs that has scammed it's users and investors. Finally people will now be able to get some justice now. They might get their money back as well, you cannot say. Let those assholes pay for what they have done ,ruining the hearts and lives of innocent people I swear. But it's the fault of the investors as well. They should have seen it coming.
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Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
No one can, agreed fully. But then there is a exception, markets can be influenced. For example ,Jamie Dimon said bitcoin is a bubble and stuff like that, a lot of people got scared and sold their bitcoin even at a loss and the price went further down road. If people who have a great influence on people and also have such power can affect the bitcoin economics negatively. If people say bs about bitcoin no one will adopt it in the first place. |
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I didn't start off to well, I quite didn't believe in it and I thought that it was too good to be true and I will end up getting scammed or something. So I decided to go through it's background, read it's articles and most importantly people's opinions and experiences. Then
I came to know that it is related to modern technology and I started to get interested in it and started learning things and fast forward to now and I am still here learning and trying out new things.
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I don't use bitcoin debit cards, the idea is good but I just don't want too many cards in my wallet. I already use a couple of debit cards and one credit card(hardly) because just in case you know anything can happen in real life.
I would like to use a bitcoin debit card in the future once I return back my debit and credit cards to the respected banks.
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When you use bitcoin you don't store everything in one wallet,well at least I don't. I feel safe when my bitcoin is split into parts and in different wallets. Cold storage,exchanges,online wallets is where my bitcoins are split up along with a few alts as well.
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Any country will ban ICOs because it is not a legit way to raise funds sooner or later,South Korea and China went ahead and did it. ICOs might come back if the company/organisation ask the specific government of the country they reside in to raise the funds in,but still you cannot be sure what will happen. Sometimes ICOs are scam and sometimes they are good for investment. I don't know what will happen in the future when ICOs are asked about. Just want them to be there since I personally get benefited some times.
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Yea,Japan has endorsed around 11 exchanges or something.And it also becomes one of the friendliest bitcoin market. One hand you see,ICOs being banned in China and South Korea and at the same time Japan licenses exchanges. Finally some good news for the bitcoin community this month. |
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Sweden’s are reportedly not making active use of cash this year has also been recorded as the lowest level of banknote usage over the past 30 years. In a press release from the world’s oldest central bank of sweden ,Sveriges riksbank, they stated that.. "Today, cash is used to an ever-decreasing extent in Sweden, which has led us within the world of central banking to start considering whether a digital complement to cash that is guaranteed by the state is needed so that we will be able to promote a safe and efficient payment system in the future too" Read More=> https://zycrypto.com/sweden-considering-digital-currency-bitcoin-comes-mind/They haven't mentioned crypto any where, there is a teeny tiny possibility of Sweden considering using bitcoin for payment, but there exists a bigger possibility of them developing a crypto of their own and circulate it within their economy or something similar to that. Sweden even though is considered to be a small economy, if they take a big step like this, maybe,just maybe other economies might do the same thing. |
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This is considered as a healthy thing by investors and traders because the price will go down and they will invest that very moment . South Korea, bans ICOs and Japan licenses exchanges on the other hand, I read in a article . ICOs are not the right way to raise funds from the government's point of view. So this might be the reason for why we see countries banning ICOs. |
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I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.
What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?
China was a major contributor to crypto currency and now that China no longer plays a role for sometime at least, the markets will be just be fluctuating between 3800-4200$ ,will love to see China get back with or without regulations because the transactions speed up mainly because of China and Chinese investors play a major role in bitcoin and altcoin trading and the prices also increase, will probably have to wait for China or wait for someother country to do the same what China had been doing this long. |
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So we are going to see another dump in the month of October. Bitcoin cash became successful only because of bitmain and antminer and nothing else, people were like bitcoin cash is going to be a fail but at the same time bitmain showed it's full support to bitcoin cash and that's how the price increased, now let's see who supports bitcoin gold! I am curious to know whether bitcoin gold will also profit the miners just like bch or not. |
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Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
If you keep your coins like in exchanges like bittrex or poloniex or hitbtc or bitfinex etc you won't be having a problem. But it's always suggested that you keep your coins in a hard ware wallet for security purposes because exchanges might have be hacked or scam or something else, you cannot predict what will happen and when it will happen. So that's why hardware wallets are the best. |
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Do you think that sometime in the future, Bitcoin might overcome Paypal, as it scales in capacity and userbase over the years? We already have the ability to create our own marketplace with OpenBazaar, that uses Bitcoin as its payment method, so it should be no surprise that the combination of these two may be a fierce competition for both eBay and Paypal. Nevertheless, feel free to vote on the poll above and express your opinion about it, if desired.  Bitcoin and PayPal are different, their platforms, bitcoin is a currency and PayPal is not. PayPal is a intermediate and bitcoin eliminates the use of intermediates. Bitcoin will is the future whereas it's not the same for PayPal. And preference wise, I'll use bitcoin any day when compared to PayPal, I believe these factors have already defeated PayPal. |
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It's not gambling, it's called knowing what you do and put some Money into it and, yeehaw,you will get a profit given you're not dumb. Bitcoin provides the opportunity to make wise decisions IRL and in the crypto world to be honest, gambling just makes you lose money, simple. Gambling is done because you're addicted to it most of the time and before you know it, you're in a debt. But it doesn't work like that in bitcoin, so please stop saying bs which doesn't make sense
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China is banning exchange for regulation purposes, for all I know. I also did hear that Chinese exchanges and icos will be coming back to China after some measures, I am not sure what is true and what is not. If they are not bringing back, vpn won't work is what China had told on the other hand because they are gonna put a huge firewall in their networking systems, Chinese crypto users on the contrary are trying to trade using telegram, let's just wait and watch what really happens till the end of this year. |
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