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261  Economy / Economics / Re: what is the future of virtual currency like bitcoin ? on: March 11, 2018, 07:22:34 PM
Bitcoin's future is not too much waiting to be told. When Satoshi Nakamoto discovered Bitcoin, did he imagine that his discovery would spread to the whole country? In this way, Bitcoin is making his own future by doing his job. As long as technology progresses, there will be Bitcoin and those days. Bitcoin is a good way to invest. Bitcoin is a virtual coin filled with light.The future of many other currencies like Bitcoin and much more lighting.
Bitcoin has a great future no doubt about this,  and i think that with the passage of time the bitcoin future of bitcoin is becoming more secure because the bitcoin investors are now increasing from time to time and making bitcoin more stronger, In fact people are now taking interest in bitcoin and showing their interest in bitcoin trading and investment which is causing the increase in the price of bitcoin.
262  Economy / Economics / Re: why bitcoin is so much special than others currency ? on: March 11, 2018, 05:33:09 PM
I will answer this question assuming that the "other currency" is a fiat. Bitcoin innovate many fiat features, and one of that is the transfer of currency. In deed there are credit card and paypal which could do this. But transfer or processing fees is more cheaper in bitcoin, the conversion is much even advantageous compare to fiat based services. There are times that I transfer bitcoin to one of my friend across the city and it didn't cost me a single penny. I even do some tap at my phone doing that, and wolla, an instant transfer. 
Yes and i think that bitcoin is the founder of all the crypto currencies, its users are present everywhere and is fully decentralize, therefore i think that bitcoin s something special than any other crypto currency. I hope that bitcoin will remain special for a long long time and that is the reason that most of the people are investing money in bitcoin and putting more trust in bitcoin.
263  Other / Beginners & Help / Re: why so many currencies? on: March 10, 2018, 11:33:55 PM
Hi All,
Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance
You can easily understand that we have so many currencies because different currencies come from different countries. Also dont think that more currencies means more profit. No, there are only few that are credible enough and reliable. Choose wisely in picking. Make a research.
Here it does mean th fiat currencies, the op is talking about crypto currencies, most of the crypto currencies are decentralize and are not under control of the people, i think that most of the people are creating currencies for collect  money through it, while some people in real sense create crypto currency for running a project.
264  Other / Off-topic / Re: Bitcoin changes the world on: March 10, 2018, 10:57:25 PM
exactly. bitcoin is changing the world. Bitcoins are growing around the world. bitcoin has a strong influence on the monetary world. Many banks are affected by bitcoin currencies.
Yes, bitcoin really can do changes our entire world. Bitcoin changes how people live and on how bitcoin help them learn to be strong enough to face any challenges they've encounter. Bitcoin is really a great opportunity to them because it really can help them gain as much as possible and help them to become independent in the future.
Bitcoin has changed the world and specially the condition of individual. Because now these people who are earning a low salary from their job can properly start trading bitcoin and altcoin and from there they can get good profit. Therefore i think that bitcoin is changing the condition of a single person .
265  Bitcoin / Bitcoin Discussion / Re: Why is there such demand for Bitcoin? on: March 10, 2018, 10:39:09 PM
Bitcoin has the track record of value increase since it was developed and it has made so many people rich. Bitcoin is a first popular digital currency that is making headlines every day around the world. The demand for bitcoin is higher than supply because bitcoin has a limited supply which is 21 million, so this will further make the value increase.
Yes the increasing price of bitcoin and the profit that bitcoin has already given to people can be consider as the reason for the increasing demand of bitcoin. In fact bitcoin has the ability to make people more rich if the price of bitcoin goes up, which is more probably will happen in near future may be in next few week, that is why people have again started investing money in bitcoin.
266  Bitcoin / Bitcoin Discussion / Re: At what point does mining stop? on: March 10, 2018, 09:30:06 PM
There are only 21 million Bitcoins available for mining. Once all of those Bitcoins have been mined, no more new Bitcoins will ever be created. This stands in stark contrast to national currencies, which are constantly expanding. Governments like to encourage inflation, so they generally increase the money supply. This leads to the devaluing of currencies, however, and in practice, it can reduce the wealth held by individuals and families.
Once all bitcoin will mine i think that its price will become skyrocket because the demand is already increasing from time to time while the supply is decreasing, i think when supply will stop then people will hold their bitcoin and not sell it and that is the reason the demand will increasing from time to time may be in near future bitcoin will be trading above 50000$.
267  Bitcoin / Bitcoin Discussion / Re: Why bitcoin and other cryptocurrencies are banned? on: March 10, 2018, 09:00:56 PM
Some banks and corporations said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards.
this does NOT mean bitcoin is banned!
the only thing this means is that some company or bank decided they don't want to offer certain services. you can simply stop using those companies or banks and switch to some other places!

Quote
Some says that allowing purchases of cryptocurrencies can create big headaches for lenders, which can be left on the hook if a borrower bets wrong and can’t repay.
this is 100% pure bullshit because that is why credit cards exist in first place and the credit card companies know this and are doing it because it is very profitable for them, specially if you can't repay on time.
they are pretending it is because of this to hide the fact that they are scared of bitcoin.
Yes everyone has their own policies, may be some people are banning bitcoin in their companies, while some people are accepting bitcoin, they are even accepting bitcoin for payment method and also like to pay in bitcoin to their works, and hope that in future more and more companies will start using bitcoin in their business for different purposes.
268  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin important on: March 10, 2018, 05:49:16 AM
Look at the market cap ($157 billion) and the number of users (approx. 100 million), and you will realize why Bitcoin is so important. For comparison, the market cap of IBM is lower than that of Bitcoin.
It's very important because it makes payment, transaction easier and more convenient. Besides it's profitable, earning while at your own convenient. It also contributes a lot to the economy as it serves as the instrument for unemployed to get a job. I'm hoping that it will be globally accepted.
Yes so many other reasons which is making bitcoin more importance, i think that the most important is that bitcoin can be use equally in all parts of the world without changing it into fiat currency, it can also be use for online shops more conveniently. Bitcoin in fact reduce the use of banking system we do not need to visit a bank for depositing and withdrawal of your money from  banks.
269  Economy / Economics / Re: You missed all the trains, not just bitcoin on: March 08, 2018, 11:50:33 PM
I have read many posts of people saying they are sorry to have missed Bitcoin. But I wonder if they realise that there have been more than 20 trains out there that could have made them millionaires.

They have managed to miss at least all these, some of them as recent as July last year. It is not that you missed Bitcoin, is that you (and I) just missed many many others Roll Eyes



NXT          2013-09-28            +1084215%
IOTA         2015-11-25            +418179%
Neo           2015-10-01           +354482%
Ethereum   2014-07-22           +265772%

And the recent ones...
Populous      2017-06-24          +12181%
QTUM          2017-03-12           +10091%

Be honest to yourself... you did have a chance!
I was not aware with bitcoin from the beginning but I am sad with Qtum because I was having chance to invest in this coin but I did not invested in this coin because of the fud at that time on their announcement thread. But still I am waitig for some other coins which may have chance to increase at some extent. I currently have some amount in BitcoinPrivate, SRN, Dimcoin and a few other. I hope they will have a high price in the future.
We need to be too much careful while investing money in bitcoin or in any other currency, because trading and investment is not such an easy job,for that you need to have good study, i think opportunities comes and go, we should not think about the opportunities that we missed, but should try to get other chances and opportunities from which we have more chances of making money.
270  Economy / Economics / Re: If the world uses a single currency on: March 08, 2018, 11:35:58 PM
I think ya, maybe it will be stable but if the currency has a very good value like gold for example, from ancient gold/dinar/dirham is very good if used as currency, because the price is very stable and no one can fake it.
I think it may be possible in very near future, because people have now started using bitcoin from all over the world having same currency with same value everywhere, and can use it without changing it into any other currency. Bitcoin can be consider as the future currency because we are expecting bitcoin to be use as a single currency throughout the world.
271  Economy / Services / Re: Eligma Signature and Avatar Campaign on: March 07, 2018, 06:28:43 PM
Btctalk name: ArnoldChippy
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272  Economy / Economics / Re: Is bitcoin helpful to the economy? on: March 06, 2018, 07:29:12 PM
bitcoin has no direct impact on the economy of my country but has indirect impact becouse bitcoin is making individuals weathy and the more money in circulation the better the economy.
Yes bitcoin is really providing good profit to individuals, bitcoin has already given a good profit to people, It has already made people financially too good, they can live a standard life, i hope that bitcoin will continue making the life of people more good and standard, because still bitcoin price has too much potential and it will continue increasing for a long long time.
273  Bitcoin / Bitcoin Discussion / Re: Why People Can Not Believe Bitcoin on: March 06, 2018, 05:10:03 PM
Bitcoin has a very transparent protocol, I don't think someone who knows what they are talking about would call bitcoin a scam. It is possible to see it falling, but still, it can't be a scam. You should simply have patience and wait to prove them wrong
They do not have enough knowledge about bitcoin or may be promoter of some other crypto, but the fact is the bitcoin is the number one currency  of the online world and will remain as number one forever. In fact bitcoin is the only currency where people are more trust and that is the reason that bitcoin price is increasing from time to time.
274  Bitcoin / Bitcoin Discussion / Re: What makes Bitcoin valuable? on: March 06, 2018, 02:54:40 PM
so that bitcoin get so big value i think there are many factors. But the main factor for such a high bitcoin is so due. Bitcoins are easy to trade between different countries, not taxed, and privacy is high. In my opinion these factors have made bitcoin valuable
Yes number of factors are there which is making bitcoin more valuable. The decentralization and the profit that is currency people are getting from bitcoin can also be the main reason which is making bitcoin more valuable. In fact it is  also because of the increasing demand of bitcoin users.
275  Bitcoin / Bitcoin Discussion / Re: Is bitcoin an asset or a currency? on: March 05, 2018, 08:39:04 PM
Bitcoin is a worldwide payment system, using peer-to-peer network.

It can be used to buy merchandise anonymously. Also international payments can be made easily and cheap because BTC are not restricted to any country.
Hence we could call it a currency not an asset.
So to answer the question, bitcoin represented both.  Bitcoin is a currency because it is indeed a currency.  It is a digital currency which was created for online use.  An asset because having bitcoin right now can give you a good future.  As its value continue to goes up.
َ
Yes that is right, bitcoin is both currency as well as assets, In fact bitcoin is created as online currency, and now it is not only use only for online purpose but also in some places people are using bitcoin in their local shops, in future i think that bitcoin will really  replace the fiat currency and we all the people will be dealing everything in bitcoin.
276  Economy / Economics / Re: Is Bitcoin Money or Currency on: March 04, 2018, 09:29:12 PM
Bitcoin is virtual money and we can use like money for now. Virtual money actually is not currency. If you said currency, bitcoin must be accepted and recognised community-wide authority. Bitcoin only use by some people only, who knows cryptocurrency and investors. Bitcoin can used for online transactions as a payment.
Yes bitcoin is an online currency, which is present in all over the world having decentralized character. Bitcoin has the same value in all over the world and one can use it without changing it in to any other currency for shopping online or even if he is using bitcoin for shopping in his local shops,where they have the opportunity to use bitcoin.
277  Economy / Economics / Re: Cash is best for anonymity? on: March 04, 2018, 04:39:00 PM
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?

Well I completely agree with you. There is nothing more anonymous than cash right now, and that's why the argument that bitcoin is used for criminal activities is a complete nonsense. Of course that it's hard to make some transactions with cash in an anonymous way, like international transactions, since you can't just walk around with a bad full of cash and travel to another country to make a payment. The amount of things you can buy using cash only is limited, at least in my country it is, and it's exactly because how anonymous cash is.

As for 85% of tx being made with cash, I would say it depends on what you consider a cash transaction. I don't think that 85% of tx are maid with live cash since most users prefer to use debit cards, and those are not really anonymous. They are for tax purposes, if you don't use your financial number, but they are recorded by your bank.
Yes that is right that cash is more anonymous than any other currency, but in fact we cannot carry cash too much, because it is too much risky to carry cash as people will always to get the cash from you by force, while online currency is comparatively more safe and secure as compare to any other formate of money.
278  Economy / Economics / Re: bitcoin prices go to the moon? on: March 04, 2018, 04:22:12 PM
Bitcoin prices can be compared to rising in the moon. Bitcoin prices can rise very high. Bitcoin quality is very bright, and can grow in large quantities in a few minutes.
Some Bitcoin investors face major losses in recent weeks, after the world's most popular cryptoconces, the price is half
But Alexander Wallin, CEO of Social Networking Sprinkle Bit Trading, said that the price drop in January was phenomenal.
Wallin explains Bloomberg's quote, "A repetitive theme of the January drop cryptokwarians, since people open the new year of the new year, Uro celebrates New Year's Lunar, exchange crypto for Fit's currency".
"About four to six weeks before the lunar year, when most people arrange their travels and start buying gifts".
In the beginning of 2018 we were in fact expecting more, we were expecting that bitcoin price will continue increasing and very soon its price will cross 50000$. but i think its price remain as stable for some time and now once again its price start increasing and still we can hope that bitcoin price will very soon cross 25000$ and will even continue increasing its price.
279  Economy / Trading Discussion / Re: How do you trade? on: March 04, 2018, 03:33:27 PM
How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume?  Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?
if I am alone about how to trade, then I will still see the lowest price if want to buy coins, and will sell it at a high price. in addition I will also keep monitoring the market price charts for the future. then in the trade I try not to mix emotions when trading. if I do that, then maybe I will experience a loss in trading. when I am going to make a decision I will still work to be relaxed and calm, because that will also affect my trade.
some people find it hard to take a decision they every time think that they should wait for the time when the price will fell down any more. but some time they waste a good opportunity to buy the coin in low price. In fact very lower people have the decision power who can take a quick decision. For taking decision it is also important to have good study so that we can feel feel confident while taking a decision.
280  Economy / Trading Discussion / Re: Is Bitcoin the best Long-term Hold? on: March 03, 2018, 11:36:57 PM
iam not trust btc anymore , becose its not strong and best like before , now eth is better is faster and easy to use , cheaper tax trans and etc, also eth have buterin and they good and strong team which introduce us new and new projects everytime , if not buterin we didnot have ico and etc, now we will have dao ico and i think in future we will have more and more from eth team .
Sorry to say but i am not agree with you, in my opinion i think that bitcoin is one of the most stronger currency of the world specially in as compare to digital currencies and will even continue becoming more and more stronger because of the increasing interest of the people, In fact people will continue increasing their interest in bitcoin for a long time and will continue making bitcoin more stronger.
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