I have never considered buying "things" with your bitcoins on Black Friday as a good choice, but I did change my mind today. Previously I thought
it was a bad idea, because you might buy something for say 0.006453 ($50) today and a month after that the value of those coins might double or
triple and you would regret paying for those goods and services with bitcoins.
Such mentality will not help the entire crypto ecosystem to grow and help mass adoption of Bitcoin and the entire cryptocurrency by people for transaction of goods and services. Bitcoin is a digital currency you need to understand that and clear the mind set you have regarding whether the value of bitcoin increase after using it to purchase something. What if the value decreases? what will the person that sold you the goods say? It is about time we accept bitcoin and the entire cryptocurrencies as digital currencies rather than digital assets. |
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What if I'm in an area without internet and I need to spend bitcoins? Wouldn't it help the decentralization principle if bitcoin doesn't depend on third-party internet connection? An internet built on the Bitcoin blockchain should be a possibility.
Excuse me to say, did you really think of this post before posting it here? This post tells me that you do really know anything about cryptocurrency and how blockchain technology actually works. The internet is the central tool for the establishment of blockchain technology and cryptocurrency. The internet is never a third party but just serves as a linkage between computers in any part of the world. Without the internet, you can not make any bitcoin or cryptocurrency transactions because the nature of the entire blockchain network. |
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Almost every day a new person comes up with the claim that he/she is the real Satoshi. The real satoshi surely does not want any kind of fame. If he/she/they want fame he could have disclosed his identity earlier. But what could be the possible reason that Satoshi still hides his identity? Does he have a big plan for the future?
Only people who are new in the crypto space will fall this. Knowing the identity of Satoshi is really not necessary in terms of mass adoption and improvement of the entire blockchain network. I don't really get it why people are so interested in knowing the identity of Satoshi. Satoshi wanted to remain anonymous, if he didn't want that he would have added his identity to the whitepaper he wrote for bitcoin. This should tell you that all these people are just fraud. Its better to focus on promoting bitcoin rather than trying to find the identity of Satoshi.... |
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Considering the current nature of the world now, it will be very easy for the entire financial ecosystem of the world to be run on cryptocurrencies but for how realistic it will be, it might not be possible. This is due to the fact that not every part of the world actually have access to stable internet connections to enable them to make cryptocurrency transactions. It might be easily to educate people on the use of cryptocurrency but without proper internet connections, your efforts might be in vain. Considering the nature of cryptocurrencies, it is not possible to use them offline. This might not make it realistic for the entire world to run on them.
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In some way I might agree with the fact that the news regarding China taking an interest in Blockchain technology, it affected the price of Bitcoin to raise. But China implementing strict controls or policies on cryptocurrency is not really necessary since the crypto space has been around for sometime now. Considering this post, I don't really see any source of validity in the post. You should provide us with the source of your information regarding these implemented new controls by the Chinese government. People always wanna spread FUDs the least chance they get. This is likely to be FUD.
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Hello traders. What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.
On a real note, I don't really think Bitcoin will be able to kill the banking system. This is because, 80% of the financial ecosystem is ran by the banking systems all over the world and these systems have been around for ages and transformed from time to time. Personally, I will love that the bitcoin blockchain system is combined with the banking system to introduce diversity into the financial ecosystem. With this kinda combination, people can easily use and make transactions where ever they find themselves. This will help improve the economy of the entire world. |
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I always get sad when I hear and see victims who usually fall for these kinda bitcoin scams. These people usually see all kinda Bitcoin investment as a get rich quick avenue and usually don't mind investing huge sums of money into them. But sometimes I don't feel sad for them since its only greed that will make people to fall for such scams. People need to understand that there is nothing like free money in the world we find ourselves. And Bitcoin is just a digital representation of the fiat currency we use in our financial ecosystem. Once people understand this, they will never fall for Bitcoin scams.
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Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization?  ? You prove your words wrong with your acts. What exactly are you telling to share with this post? Personally, I don't really understand what exactly you want to put across with this your post. Are you trying to say that Crypto enthusiasts describe cryptocurrency as a decentralized entity which operates on a decentralized platform and blockchain network but yet they obtain it from centralized platforms and also trade them on centralized exchange platforms ? Please help me understand this post of yours... |
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I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?
First and foremost, you should understand that in the world of investment it is always better that you understand the purpose of whatever you are investing in and its profit margin. You should personally spend time to analyze the crypto market rather than relying on what people share and say. it better to invest in what you have enough knowledge about rather than following what people think is best to invest in. To find out whether you should in Bitcoin and other cryptocurrencies, you should spend time analyzing the entire crypto market. |
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There have been almost 18 million Bitcoins created. We know that some have been lost over the years and can’t ever be recovered except potentially with quantum computers.
18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
Considering the nature of the Bitcoin blockchain network, you can't easily tell the number of Bitcoins lost. People usually classify inactive bitcoin addresses having Bitcoins in them which haven't been used for some time now. These addresses can't really represent the number of bitcoin lost. People will just speculate an assumption of Bitcoins they think are lost. For the real number of lost bitcoins, no one can really tell the exact amount of Bitcoin. It will be better not to think about the number of lost Bitcoins. |
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This entire bitcoin space breeds greed, envy, fear, and lust. All you of hodling bitcoin are mentally ill. You have been conned into thinking bitcoin is going to the moon. It's not. Charts show bitcoin is slowly bleeding to death. Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.
Mass adoption of bitcoin will never occur. Sorry! The price is far too unstable to be used as a form of payment. Businesses would get crushed if they took bitcoin as a payment due to the wild price fluctuations. Then you have to worry about the IRS on your ass to pay taxes. Is hodling worth the stress? Absolutely not. That's why women laugh at bitcoin and think it's a scam. Notice the crypto space is all dudes?
Say what you will about the US dollar, but it's still backed by a democracy and the most powerful military in human history. Accepted everywhere. Bitcoin is backed by absolutely nothing. Gold is backed by 5000 years of history of holding value, and is recognized worldwide. Women love gold. It's beautiful and tangible. A real asset worth owning.
I'm sorry, but you HODL'ers are mentally ill and are going to get crushed when bitcoin collapses in the coming recession. Bitcoin is going to get dumped fast as people need money to pay bills and survive. If you bought bitcoin early and already cashed out with gains, you are a wise investor and have my respect. If you're still hodling, your finances and reputation are on the line here. A reputation with your friends and family you can never get back. Don't risk it. Dump your bitcoin now before it wipes you out!
First and foremost, if all Bitcoin hodlers are mentally ill what are you doing here on this forum? So far as you are here on this forum then you are also mentally dead  ... I don't think you really understand what Bitcoin is and why people hodl or use it. People invest in Bitcoin to make huge profits just by hodling it since they understand how the entire market works. Do not jump into conclusion if you don't understand reasons behind people do things. You should try to obtain information about things before saying things like this post of yours... |
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in other news, water is wet
Hahahahahahaha.... This is an epic savage. According to McAfee main trigger 4 Bitcoin’s surging price will be its scarcity
Who in this crypto ecosystem does not know that scarcity will cause the surge of Bitcoin's market value? This is really not anything new for people to stress themselves thinking about what McAfee said about scarcity triggering the increase in the market value of Bitcoin. In a demand and supply ecosystem, scarcity automatically cause an increase in the value of that commodity which is scarce in the market. |
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You guys are getting everything about Bitcoin wrong. How possible is Bitcoin gonna survive nuclear war when it is a digital currency which operates with the help of the internet? What if the internet is shutdown during a nuclear war, how will you be able to make transactions since internet is a basic requirement to make a Bitcoin transaction? Personally, I don't really think the assumptions made by Nick Szabo regarding Bitcoin survive nuclear war doesn't really make sense to me. He does not have any reasonable argument to back his claims.
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Binance is livid with it’s reputation taking a hit due to yesterday’s fud news which claimed that it’s Shangai offices were raided, and has decided to teach the Block a lesson by suing them for spreading fud news. It’s pertinent to note that Binance CEO and Justin have decided to contribute total of 200 btc to fight fud, though there’s no clarification on how they’ll use these funds. Now many will wonder what did sites like the block gain when they spread such fud news, well the answer is simple Traffic, their article went viral, advertisement revenues etc. In my opinion news sites should avoid sharing fud news articles, and especially articles that can damage an entire industry like we saw yesterday when bitcoins prices dropped $1000 in a matter of few hours. While many members are able to spot fud news some are not able to spot it so how can we tackle the fud news, and help bitcoin users outside this forum because it’s high time we stopped these fud news from going viral. Sources: https://bitcoinist.com/binance-to-sue-the-block-for-damaging-the-exchanges-reputation/https://mobile.twitter.com/cz_binance/status/1197720622681321472I'm very glad that Binance is interested in fighting FUD. FUDs are the major contributors of panic and fear in the entire crypto ecosystem. I just hope that this action of Binance will not be a short period action to increase their users on their platform. Nobody in this world does anything without having a main motive behind their actions. Fighting the spread of FUDs will help newbies and others trust the use of cryptocurrencies without having doubts and fear. |
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I read this article online that the government could stop the Bitcoin? Easily using a simple trick. Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it. For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price. What is your opinion about this? Could the government do this? https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/If the government could be able to shutdown the entire bitcoin ecosystem, they would have done that in the early stage of Bitcoin's life in the financial space. The Bitcoin ecosystem is made up of all individuals in the crypto space and people who own Bitcoins. Bitcoin does not have one particular source being the central brain of the entire blockchain network. Once you join the bitcoin space, you automatically become part of the entire universe of Bitcoin. Due to this nature, it will be very hard for the government to shutdown bitcoin. The only way will be the shutdown of the internet. |
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China is never the reason behind the current decline in the market value of Bitcoin. This is not the first time the market value of Bitcoin has dropped. Price fluctuation is known to be the nature of bitcoin due to the fact that the market value of Bitcoin is always determined by traders in the ecosystem of bitcoin. This is just a way to spread FUDs to cause weak holders to sell their bitcoin. There are no strong evidence to back the claims behind China cause this drop. |
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Hi, Gents,
I think there has to be a way to create a tracking system for bitcoin. Every wallet must contain ids. Otherwise, bitcoin can be always used for money laundering. If you want to launder money, you can find a cash seller everywhere. After bitcoin is bought, noone can prove whose bitcoin it is. I think this is the only think that preventing bitcoin to become a global currency. Do you think it would worth this much if it is trackable. I dont think so. There will be altcoins that work with tracking system and ids. They will become a global currency. Bitcoin? I think never. What do you think?
What is your definition of a global currency? Because to me, global currency presents a currency that can be easily used in any country you find yourself without any difficulties. Personally, I see Bitcoin and other cryptocurrencies as global currencies since I can easily trade my bitcoin or cryptocurrencies for physical fiats in any part of the world. Any where you go in the world, there are institutions and organizations that will trade their fiat currencies for cryptocurrencies. Once there is internet connections all around the world, bitcoin and cryptocurrencies in general are global currencies. |
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Scarcity and demand are part of the main contributing factor in either the increase and decrease in the market value of Bitcoin. These two factors are the underlining elements in the crypto and the economical space that influence the value of products in the financial ecosystem. But looking at the Bitcoin market now, scarcity does not really matter in terms of market value of Bitcoin. Bitcoin is not really scarce in the crypto market now. This means scarcity is no longer the leading factor of determining the market value of bitcoin. The real determinants of the market value of bitcoin are not really known considering the current state of the bitcoin space.
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If He Forget everything on purpose ?  ( Like The genius for remember everything 10 years later everything he did making something he is alone able to see them ). He know governements probably want to kill him or want him to work for them so he take the risk to be forgotten forever as a legend. Imagine what he was able to do in 2008 already, when no one in world have the power to change the world, he was the one to believe he was able to start the revolution alone and change entire world by himself. Nothing, he predicted everything perfectly, he will comeback one day i think he is already back but to crazy like 10 years ago no one believe him already. If the identity of Satoshi was known, the government of various countries will try to either make Satoshi give them the ownership of blockchain technology and also try as much as possible to turn the whole blockchain network of Bitcoin into a centralized system where they will rather control the rate at which transactions are done on the network. It is highly impossible for the governments to kill Satoshi if they knew his/her identity. Most government wants to own and control blockchain technology and cryptocurrencies as a whole. The only problem most governments have with bitcoin and cryptocurrencies in general is the decentralized nature of it and the idea of no one controlling how transactions are done. |
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A recent analysis from CoinMetrics hints that over 1,500,000 Bitcoins could permanently be out of the total circulation. While BTC’s active supply should currently be over 18 million, the quantity fell short.
Notably, on October 19 this year, 18 million BTC officially entered circulation, which happened at block 600,000. At this time, the community began cheering up as it highlighted “the end of the inflation process for Bitcoin.” However, things aren’t as they appear. The supply reportedly fell short which brought on a sense of fear, where are these lost coins going?Source link for the news hereI honestly don't know what you guys are thinking about this one. Do you actually agree that Bitcoin's circulating supply is not 18 million? Do you guys believe that these 1,500,000 BTCs are actually lost? I know that some of you may have different reactions to this one. I would love hearing out your thoughts and opinions about this one guys. Thanks in advance. If you think the total circulating supply of bitcoin is not 18 million, please give us your main reasons why you think its not rather than sharing thoughts of other people. You should rather back your reasons with your source than just presenting thoughts of other people from the source. At least make an effort to share and state out your thoughts. That might even help someone to understand why you decided to share this information here. |
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