Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?
It is good ofcourse because the coutries don' need to limit the use of bitcoin and don't make an act or move against it. Many people nowadays are into bitcoin by using it as an alternative way of earning but what will happen if it will be legalized in all country? Many people will become happy and they will be more satisfied on it and encourage to earn more. In my personal thinking many countries stay neutral with bitcoin usage. Few countries have imposed ban on bitcoin and some countries have taken back the same with some form of regulations. One or two countries have given importance similar to their own traditional currency. Those has been contributed big to the growth of cryptocurrency. At the very least, whether the country make a decision to ban or to regulate bitcoin it's depending on their country's economic condition. For country with capitalization below what bitcoin have, well, what they can do? if they allow bitcoin, instead, it will slowly destroying their own currency. The only thing to save their economic is by banning bitcoin, with rather good economy country like japan or USA. regulating is one way to improve their taxes income. |
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indeed the price of bitcoin is really very low ............. hahah
you are a blind man  bitcoin price now 1 BTC =$15,863.70 USD its not so low Well pretty agree with it, I mean, come on, compared to the last year price, it's significantly increasing for above few hundreds percent and people are still complaining that it's too low. Either they're buying on really high price or they just get blinded by the fact that bitcoin is increasing so much and easily affected by the "little" red percentage of dumping. |
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Since the total number of bitcoin is fixed, so the value of bitcoin will keep grow, and it's price will keep grow also. So will there a price cap for bitcoin?
nope there will be no price cap for bitcoin or in all cryptocurrencies ,thats why this is decentralized uncontrollable so who can out cap price?bitcoin price will continue to grow forever,although sometimes the price will drop a little but will always recover Just I'm thinking that at some point, the price of bitcoin will revert back, maybe in a hundred years ahead when a new more advanced technology developed and released for financial technology. Bitcoin by that will no more have benefits of being used instead of just an obsolete technology, so at that point, people will selling to move to that other technology and bitcoin will have kinda low amount of value. |
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Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
Nope that wont be possible, if you regulate bitcoin then most users will leave bitcoin and look for another coin that is decentralized. If there is one coin that is regulated then i dont think it will gain user across the globe. If you awake, the regulation can be forced for any form of cryptocurrencies and digital currencies it doesn't matter whether you're using invisiblecoin or whatsoever you will be in charge of that regulation and forcefully obeying all these. Otherwise, punishment from the government is waiting, so government is not that stupid to let bitcoin regulated by not all those altcoins. |
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So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.
I think bitcoin can support the economy by means of remittances and currency exchange. Think about it this way, when someone turns their coin into cash, it will be spent on whatever he/she was in. Every cent spent has tax and that will help the economy grow in my opinion. In our country, most of the people use bitcoin as an alternative source of income and it is really helping them financially. We even have college students earning more money compared to a regular employee. That's why I don't agree with other countries who BANNED bitcoin, they were just afraid that something will happen even though its not. Talking is easy as it seems but doing is really hard, did you know how much people have been avoding taxes alone even by using government backed currency such as your local currency? There's tons of them. with bitcoin, people will not that easily reveal what they're doing, they will trying to get away from their obligation of paying the taxes. if government want to taxes the usage of cryptocurrency, they need to advance their technology more. |
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So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
Could be yes and can also not. Become a national currency is too impossible, because bitcoin crypto currency that exist only in internet world, but can also yes in this world nothing is impossible I guess it is impossible to happen. As we all know bitcoin is not acceptable in other countries. They even banned bitcoin for some reasons. Then going to a national currency? It is ridiculous. Bitcoin is tax free, so the central banks cannot gain any profits from it. And to make it as a national currency, the governments make sure they can manipulate the bitcoin. And surely, they will implement the tax. Guess what? you have no clue at all, before saying something that you don't have idea or any clue, try to look how japan could get all those taxes from bitcoin and how they accept it as a legal tender. The one that's ridiculous is not the idea of bitcoin becoming a national currency but it's just your closed minded brain that needs to be fixed, try to watch or read news more. |
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Mining with a capital as much as $1,500 will not give as much result as your expectation, there's tons of people with big capital coming to invest and buy some miners, while the people with low budget gets crushed by the increasing of difficulties every diffuclty adjustment. I woul dprefer to invest on btc more,than buying a mining rigs, because simple, it looks more promising with small amount of money.
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in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
There's no simpler way to explain it. The more bitcoin rises in value, the more people will get interested and invest. It's a cycle. When there's bulk selling, then the price goes down and then people will buy in again raising the value once more Actually, the way demand & supply works is just exactly what gabmen said. The popularity brings people and get interested to it, the amount of supply of bitcoin stays the same 21 mil. Therefore the value could just increase and just imagine if 100 million people using bitcoin, and everyone want to hold bitcoin as much as possible. |
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Forex provides a lot of opportunities, if you know how to trade or want to learn trading...it's interesting in the end)
according to my experience, not as much fun as when you are trading with cryptos, forex is just too much of complicated thing with probably higher risk if u don't have a clue what you are doing. I'm really comfortable with cryptocurrency trading and will never get back to this forex trading ever. Maybe someone else will have the same thought just like me. |
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I agree with you in my country the only thing people are talking about at the moment is bitcoin it has grown so much when it finally had reached 10k it went worldwide the news that bitcoin reached 10k.
That's really true, when bitcoin just reached $10K price cap, it's already stealing the attention around the world, even media are releasing news regarding this achievement, people who ignore bitcoin starting to learn what it is actually and get their mind opened to a new thing, just by that, it could bring a really huge adoption toward bitcoin if just bitcoin keep on stealing the attention from so many people like this. |
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will ban, i dont think so. but it can be  government and the other still make research about blockchain, it have advantage to people or not. i see comment below: In Indonesia, the goverment bans pornography, drugs, alcohol & gambling, marking them as harams. But nevertheless, Indonesians are still watching porns using vpn and doing soccer gambling online, drinking alcohols quietly. Do Indonesian Central Bank really think that they can ban bitcoin? yes, smart people here will do anything to get profit, more profit. because we think the government is not fair to us. much corrupt but less punishment, different with chicken's thief that got many years in jail. fuck up Well that's why decentralized can't be controlled by anyone even a government, you can secretly use bitcoin, but it's really unfortunate that this country banning bitcoin, are they never somewhat researched what is bitcoin and how they could make a decision to ban bitcoin while other country which obviously way ahead of this country already considering bitcoin as a commodity, opening a market for it, and even accepting it as a legal tender. |
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While what is stated above is true... there are some other points here.
It is hard to have a typo in an address (from what I read somewhere). If you send to an invalid address, the transaction just fails.
If you mix up your clipboard and send to the wrong, yet valid, address... then you have no recourse as there is no way to get the coins back unless a person holding the private key to that address sends them back to you.
I once overpaid someone using mybitcion... and they were kind enough to give me the extra, so if you can find out who the coins went to, there is a chance.
So if im reading this correctly, there is possibility that the error send to address is not in use yet. Does that it at some point someone might be assigned that address and find some free random bitcoin waiting for them like a nice Christmas gift lol? That's the answer maybe, there's so many unused address and it's just whom got the luck to get that free "accidental bitcoin". It'll just sitting there until someone have the access to the privatekey, maybe generating it without any intention to find a bitcoin, but it's kinda hard, or really have a low chance since the address of bitcoin really so many. |
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Russia changes her mind time to time and do it oppositely  That's because they don't really know what they want to do with cryptocurrencies. First we had news about Putin being interested in ETH, then we had news about their government controlled cryptocurrency and now there are voices saying they should ban it all. People have frequently quoted this well known phrase ending with "and then you win". It seems we're still in the "they fight you" phase. a government panel is said to have advised closing cryptocurrency dealers in India This doesn't mean anything. They can keep advising it as long as they please. You need legislation for it to be legit. Yes, but be sure, that Putin and main core of russian oligarchs know about bitcoin and other crypto, and they a buying cryptos in terribly huge volumes. That's for usual people they are not confident how to do with BTC. Well about India I’m sure that it’s not banned in India because I have a lot of friends from Indian and I’m doing chat with them every day and they are using bitcoin on daily base because India need bitcoin and Indian high court order to regulate bitcoin because still in many parts of India there is a poverty and bitcoin is going to change a life of them and Russia is a different thing because bitcoin don’t care about any banned around the world. By officially announcing that the government have an act against bitcoin doesn't mean all those people there stopped using bitcoin, they will still use it but secretly, bitcoin is decentralized, even if your government have full control over your internet connection, you can still access bitcoin and they can do nothing. These regulation itself I'm pretty sure only punish dealers there that already offering crypto services only. |
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That actually sounds nice but not that really wise, as many people mentioned above, only lose what you can afford, using all these credit cards just if you lose will leave you debt and you will struggle to pay for it.
This plan also really risky considering at the current time the price of bitcoin fluctuating a lot. Just use some money that you don't really need only to invest to bitcoin.
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Not really but today i discouraged a little bit  when it was exactly got dip a little on the time that i really need to withdraw some of it  but even i losts some i know i will still can get it ^_^ By seeing the current condition of the market which happen to be really volatile and price always changing within 0-8% range of the current price. you need to have a little more patience if you want to withdraw some of your money, you need to take advantage of this dips and even get profit from it, so many people doing this while the other struggling to wait until the price go up again. |
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Because people agree that bitcoin has value therefore there's demands in the market? you can buy stuff by using bitcoin in some countries that accept bitcoin then it's also add up a value to bitcoin
and why it have this much value as it has now, maybe so many people assumming it's bubble, but bitcoin is the future currency and people have agreed upon it.
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Well the best wallet to put all of your bitcoin is in blockchain. Probably it is so secured and also find wallet where you have 2fa and private key. Having priv key and 2fa makes your btc and your wallet secured.
blockchain is the system that bitcoin uses, you need to read more about it because it seems that you're lack of information, also if you means blockchain.info wallet, it's unsecured and can be hacked easily, better store it in offline wallet. |
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Perhaps someday in the future when quantum computer is well developed, its high calculation capability will make bitcoin less secure. But you never know when it will be developed to that stage, 10 years or 100 years. By that time Bitcoin may already take quantum computer into consideration and limit it.
But i am sure that at that time bitcoin will be more updated and secure, even quantum computer may not be able to break its security, i think bitcoin is the need of the day and specially in future we can expect that the new generation will be using bitcoin as a normal currency therefore i think at that time its security will be more strengthen than present position. That depends, technology always growing so fast, maybe to decrypt the bitcoin private key in the future is as easy as extracting file from .rar format and who knows? but we're now don't need to worry since it's predicted that it will takes more time for technology to grow and could absolutely have that much of computing power. |
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Majority of the users have stated that they make a good earning through bitcoin than their own day Job. That might help lead their life in a better way or improve the standard of living. For the same leaving the day job is not the right decision. This is all because of the uncertainty that is associated with the entire cryptocurrencies.
It's only for 3rd world country which monthly wage still far below compared to developed country so it's normal that they could earn better earning than the job there. but for most of citizens in developed countries, for example in europe and america, the earning through bitcoin is kinda small, only big capital that can bring them atleast deserved earning. |
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BTC can't be better or worse than cash, it is just a different thing, BTC is like stocks, you can invest cash in it, but you still can't buy grocery for BTC
Bitcoins and money are practically same yet sometimes the bitcoins is superior to anything the money and those cases are the bitcoins has high security nobody could hurt bitcoins however money could be effortlessly hurt the costs of bitcoins are going high and high yet the costs of money don't change that is the reason bitcoins is superior to money. The way I see it both has their own worlds and function to its users. Cash being in the physical world only means we use it in a daily basis like buying foods or for transportation etc. While bitcoin is in the digital world which means it is technologically more advance than cash, it has more uses and has more advantages that is why it is much better than cash. Soon in the future, when technology already become more advanced by the time, cash and bitcoin will trying to compete even harder. maybe right now, as you said both have their own worlds but it's not for long, the adoption of bitcoin will increase alongside with the growing of technology advancement, the phyiscal cash will become obsolete and any government will try to digitalize all their currencies. |
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