Can Russia or China done such a thing to erase the dominance of the dollar over the world?
Generally, there are always governments behind such technologies. For example, StuxNet
If they did then they really miscalculated the effect of this technology which by the way would not have been something new, but I think the most likely scenario is they did not have anything to do with it since they will probably be able to find ways to do that without requiring the use of a new and unproven technology like bitcoin. |
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I think because this investment 2 (bitcoin and gold) is the most promising investment profits in the future, I'm sure both will survive and always a profitable investment than others.
I view it a little bit differently gold was the best investment of the past, bitcoin is the best investment of the present and the future, if you hold both then you have a very effective combination to resist almost any kind of disaster or crisis that it may happen unlike most people out there that are living paycheck to paycheck. |
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It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?
If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?
Yes .Bitcoin market will be fallen.1 million bitcoin is huge amount of bitcoin. If he sell all of his coin in one time, the effect will be decrease the rate of bitcoin. Even if he did not sell all his coins, if at some point it is discovered satoshi, the creator of bitcoin is selling his stash, then everyone will begin to panic, if even the creator of bitcoin is cashing out, why I should stay?, as you can see it is not only the amount of coins we need to be worried about, just the act of satoshi cashing out come coins will be terrible for the network since people may lose faith in bitcoin almost overnight. I agree. I have often wondered about the 'what if' Satoshi was still active on this forum, buying&selling his coins and still contactable working on the tech. My opinion is I think the price of bitcoin would not have risen so sharply since his disappearance. Now that he decided to 'check out', his wallets are being looked at more than ever for even a sniff of activity. Poor bastard, he's almost the only bitcoin holder without any anonymity>> feeling the irony there. I don’t think satoshi cares at all, it is my opinion that he had move to other projects, maybe to other crypto currencies or maybe to something else, to me the profile of someone like satoshi tells me that he created bitcoin more for the challenge of creating bitcoin than for the possible economic benefits that could be gotten later. |
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I not think only know and buy Bitcoin in 2013-2015 is good way become to millionaire. I have some friends buy ETH in end 2016 with price 6$ and mining it, just hold it and today they has been become to millionaire and not need wait more time like Bitcoin =)). Some other friends not choose ETH, they choose other altcoin as NEM, Ripple, Stellar Lumen, Stratis, Digital Byte ... and became millionaire too
I hope they cashed out, but if they don’t then I think it is time, I do not think we are going to see these prices and big market caps for much longer, I do not see a big and good enough reason for the price to be that high at some point a major correction is going to come and when that happens it will not be pretty for any of us. |
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I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.
1) More security (especially if you are careful).
2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.
3) Fast, worldwide transactions at your fingertips.
4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.
I think decentralization is a key advantage, but I disagree with more security. I don't see how bitcoin is more secure than USD... in fact, I think it is less secure... USD in the bank is insured by the gov up to $250k, no such service exists for bitcoin. Furthermore, bitcoin does not have any reliable, well-established services to store it in, whereas USD has banks. Coinbase is garbage. A disadvantage of bitcoin is the high transaction fees to convert between btc and usd. That insurance is nothing but hot air, they may make good on their promises, if a bank goes bust here and there, but in major crisis strikes you can be sure they are not going to be able to give that money back to the ones that saved that money and even if at some point do, they are going to do it with devalued dollar that are not going to buy as much as they used. |
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Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
There is a difference between fall and fail, the dollar is losing ground every single year, other countries no longer consider the Us dollar as the best currency to have their reserves on, and now they are storing other currencies as a reserve currency, the problem is those other currencies are not solid either, the euro is going to disappear at some point, and any other currencies are not really a better option. |
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I've been talking about Bitcoin to family, friends and random people for years and nobody seemed to mind when BTC was under $1000. But now that Bitcoin has reached $2000, people are starting to realize that owning 1 BTC is beginning to be out of reach for the average person.
I've had more people ask me about Bitcoin lately and wanted help buying Bitcoins. What about you?
Bitcoin is not really getting a lot of attention even now in my country, there is nothing on the press or the television about it, it is almost as if it did not exist, to be honest, sometimes I wonder what will take for the people in my country to wake up and start adopting bitcoin, I think it will eventually happen but by the time they react it is going to be too late. |
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Never do I use low fees because all my transactions are really important that I can risk myself on chance to losse mt Bitcoin
If your transaction does not confirm then your transaction has nowhere to go but back to your wallet, you are not going to lose your bitcoin, think about this as if you are sending a letter, if you send a letter without stamps, the letter is going to go back to you because it did not have stamps, bitcoin is the same if you send a transaction with low fees, the transactions is not going to go anywhere because of lack of fees. |
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It's probably a good idea to have a diversified portfolio of both.
Bitcoin and ethereum generally go in opposite directions. So if bitcoin crashes, ethereum rises because it is seen as an alternative. And when ethereum crashes, bitcoin generally goes up in price. There could be times when this isn't true though.
Bitcoin dominance is at an all time low - i think it's a good time to buy in bitcoin in particular. But buying crypto and dumping your fiat in general is a good idea, as long as you pick the right altcoins.
I have been thinking about this for quite some time, bitcoin seems to be cheap when you take into account the very low market dominance this tells me the altcoins especially ethereum are over valued and a correction may follow, but with the decision about activation segwit or not this scenario may last longer than we thought since months of great instability will come. |
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Btc price may not be controlled by traders anymore but there is no denial that some exchanges do manipulate it heavily.We in india always have to pay a higher price than international market because of manipulation of some exchange and wallets
I think that the price of Bitcoin is much more easier to manipulate in the 3rd world countries and other countries other than the main ones that are more lenient on Bitcoin exchanges because there is not much Bitcoins being put on the order books. I usually see Bitcoin having a high price in the India region and I don’t really know why someone would pay so much for that when they could just use LocalBitcoins. The reason of why people buy in local exchanges at higher prices is very simple, they do not have access to cheaper coins and they still want to buy bitcoins, this is a classic case of supply and demand, there is a lot of demand but there is not enough supply so the price goes higher and higher, another reason may be they just don’t know better and buy from the local exchanges because they do not know they can buy cheaper bitcoin elsewhere. |
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I have been making an analysis about how people is getting real rich thanks to the increse of BTC and it is amazing to think that people are getting real rich, lets hope and this will continue so the people that holds very little BTC also gets rich.
This is the analisis I made:
On February 1st 2015 you will need 4,219 BTC to have 1 million USD, now that is worth: 10,125,600 usd
On Febraury 1st 2016 you will need 2,681 BTC to have 1 million USD, now that is worth: 6,434,400 usd
On February 1st 2017 you will need 992 BTC to have 1 million USD, now that is worth: 2,380,800 usd
Today you need 404 BTC to have 1 million USD ( the person who has now 404 BTC it is millionaire, and in Feb 2015 just had with the same 404 BTC 95,757 USD
That is amazing.
I wonder what are the new rich people doing right know? have they realised that they are rich yet.
I don't agree that bitcoin made anyone rich, if at all, just a select few. But it made the richer more rich for sure. People who accept bitcoins not necessarily stores them but uses them for their needs. The only ones who can afford to store are the ones who have more than what is needed. I do not think that is correct, do you think that someone that was already rich cared about mining bitcoin at the beginning, no, they did not care, they were making so much money that they probably did not care for something as small as bitcoin, the ones that became rich were nerds and people that were very interested in technology. |
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Although many altcoins have good potential and have good advantages in their characteristics and safety, bitcoin remains most popular digital currency and has highest price in cryptocurrency.
Yes many altcoins have many good factors to consider like the anonymity of it. They say that anonymity makes the altcoins more secure and safe. But bitcoin will always be bitcoin. No other altcoins can replace bitcoin as the top crypto currency. The volatility of bitcoin makes it more popular because of the high demand. In my opinion at some point anonymity features will need to be added to bitcoin, there are some exchanges that do not accept bitcoin that comes from gambling sites, so in order to improve the fungibility of the coins, basically that every coin is treated equally regardless of where it comes from, then anonymity features must be added to bitcoin at some point. |
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I have 18 years and I putted all my money in bitcoin.I wish I have house so I could sell it and put all that money in bitcoin to turn that money to more money than I had before.
I remember reading in the off topic section that someone in Brazil sold his apartment and put everything in bitcoin and he already tripled his money, he was thinking about buying three apartments and rent them but some suggested to only buy on apartment and keep holding the rest of the bitcoin, so what you are suggesting is something that some other members of the forum already did. |
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Since bitcoin is not traceable and is not being regulated by any legal entity, then where it is spent may not be monitored or recorded. Then I guess yes, it is highly possible to use bitcoin to money launder funds for crimes. Bitcoin is fluid within the internet which makes it easy for users to utilize it in multiple ways. In order to track down illegal transactions, the government would have to regulate bitcoin just like paper money or fiat. As to whether it would affect its price would depend on the demand and supply.
Mistake, bitcoin is very traceable, unlike bank accounts anyone can see the amount you have spent and where you sent your money, bitcoin is used in those criminal activities because you do not need to go through economic institutions that could collaborate with security agencies, also since bitcoin was designed to be used online then it has advantages over other forms of payment. |
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Is there any information about how many investors joined the crowdsale and bought tokens so far?
I can`t seem to find such information.
How can such information be verified?
I`m sorry if my questions sound stupid,i`m not very familiar with crowdsales.
Why would you need to know the number of investors that joined the project? If you care about the number of tokens you are going to receive then the important metric is the amount of money the project has raised and not the number of investors, at this moment you can add all the cryptos on the top by multiplying the amount of crypto raised vs its price in dollars and then adding the results together. |
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Payments sent: ed767dd4bba7059fb2886793b85694143ba3054eb7611e1c27b58202ab460ae8
This campaign is still continuing for the next round.
No open slot for any rank.
I also confirm the payment, thanks Edwardard and NVO. |
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I don't know how many inputs you have and that's the number of satoshi/byte intended to pay as tx fee, but if your transaction doesn't have many inputs (faucets) you can do better with a proper local wallet.
So if you can export your private key(s) and import into Electrum you have a good chance to pay (much) less.
This is true, I remember that a few months ago I was trying to send a transaction too and the fee was 20 dollars, it was ridiculous, I imported my keys into electrum and at the end I paid about a dollar in fees, so if you can do this do it, you don’t lose anything and in the end may win a lot in terms of savings. |
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Why keep thinking backwards? It is characteristic of people who continued to fail, better think 7 years again because the price bitcoin will reach $10.000, then we can still profit $7000/btc.
Interesting, I do see that the price of bitcoin will increase but not to some gigantic extent. So yeah look at history and take lessons from that. Investing in a technology like bitcoin may be a very wise one. Bitcoin behaves very similar to tech stocks back in the 90s, bitcoin and cryptocurrencies in general can give to us earnings that far surpass anything there is in the market, for the simple reasons this is a market that ten years ago it did not exist, so this makes bitcoin very attractive from the point of view of investors since we are always looking for something that give to us the biggest earnings. |
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my reason to hold bitcoin more than gold, bitcoin supply is limited just 25mil and gold supply dont anybody know, and bitcoin price is fuctuative and in my prediction in few years again bitcoin price is to the moon.
True, the supply of gold is basically unlimited, while there is only so much gold in the earth and depending on the price of gold it may be worth to extract it or not, the truth is gold is all over the universe so even if gold is rare, there is enough gold in the universe to make it common for our needs, unlike bitcoin which is limited in quantity from the beginning and unless the devs change the code the hard limit of bitcoin will continue. |
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There is some truth in the article, many people invest their saving in bitcoin without knowing what they are getting into, but there are many things that are wrong, they predict every single bitcoin is going to be mined by 2024 because computers become more efficient, they may have forgot that the difficulty gets adjusted every once in a while so that is not going to happen.
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