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281  Bitcoin / Bitcoin Discussion / Re: Bitcoin for old people? on: February 05, 2018, 07:48:55 AM
Yes bitcoin is definitely for everyone with no age limit. As long as they are still capable and interested with bitcoin and how it works then I think being old is not an issue at all. Plus bitcoin is not really physically demanding but time consuming but I think time is not an issue for old people cause most of them have nothing to do at all. I think learning bitcoin even if your old gives a positive effect, for it makes you think even more which makes your brain sharper. Instead of doing nothing, they will have something to keep them busy. Consent to your opinion, I taught my parents' computers and smartphones for a week, and they still forget that their learning ability has gradually declined.
Actually for parents who already have a business or for those who have become successful entrepreneurs, will not worry anymore about the financial problems. Maybe they will only monitor their company or business and do not bother about other things. But maybe for businessmen who engaged in the field of economy or a particular field need to monitor and learn about the world of crypto. Not all parents have to close their eyes and do not want to know about crypto, maybe some of them must still learn the development of the era so as not to go bankrupt. For young people, of course this kind of knowledge should be learned because everything is now online.
282  Bitcoin / Bitcoin Discussion / Re: Bitcoin finally legal in India on: February 05, 2018, 07:41:40 AM
Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation. Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild. "In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
That's good news and I'm happy to hear it for the Indians. Currently in my country he says Bitcoin is being banned, somehow it will be in the future. And I also do not know what part is forbidden, whether it is the transaction or its use. However, I am not afraid, I still collect Bitcoin as much as possible and still invest. I think Bitcoin has become an important part of my life because I want to make Bitcoin a tool to improve my family's economy. I hope this investment can work even if it takes a long time and a lot of capital. I hope my country can also open minds about Bitcoin and start managing it well. With so many people will get profit and the economy of this country could be better.
283  Economy / Economics / Re: Why is bitcoin worth? Welcome to discuss on: February 04, 2018, 09:26:27 AM
I answered about the bitcoin. why would it continue to increase the price ? Because the base bitcoin is limited. Only 16 million and block mining now even more difficult. so it is very possible bitcoin price will more higher than right know. I ask you a question, why does gold have value? Because over time it was socially accepted that gold for n reasons had some value and when it is traded at a price that the seller wants to sell and the buyer wants to buy it is there its value. Bitcoin has this value because people believe it has value, simply that. If everyone thinks equal to who told you that he has no value, he really will not have it.
First, Bitcoin has many advantages over the common currency. Both Bitcoin transactions are not limited by anything and differ greatly from the bank. There is no limit on the amount of money in each transaction, no limitations of transactions per day, no time limit in a day, no age limit, no full and original identity, can not or difficult to trace. Thirdly, because of that, the government will not be able to intervene and intervene on this matter. But if there is a crime involving Bitcoin, the government will certainly use various ways to investigate and intervene to Bitcoin. And the last is the Bitcoin price continues to increase. For that Bitcoin became very popular and contested.
284  Economy / Economics / Re: it is possible fiat currency will crashed? on: February 04, 2018, 09:22:43 AM
No fiat money wont crash. Even though bitcoin will rise its popularity and the possibilities that it will be use as an acceptable alternative to fiat money yet fiat money wont crash. Why? Let us base from the history. Long time ago fiat money was already introduced. And until now still it is being used. To make it simple fiat money is an instrument use as excahnge with goods, goods and services in simple way of trading or marketing. Yet bitcoin could be an alternative exchange to fiat money.

Bitcoin is considered as part of innovations of the modern world. However this fiat money is an instrument ready made for exchange while bitcoin could be also an instrument for exchange but u need to educate all the people in the system of bitcoin and also in the use of internet for online transactions.
Why people are always talking and asking about this ? Is not the answer clear? The flat will not be replaced by anything and will not be extinct. Not all countries will lose the flat and cash. What do you think of the fate of those who live in the village and live in poverty in the big city. They can not use ATMs and do not know about how to use technology. They can only use cash as a tool for transactions. So the flat will not go extinct and disappear! Do not be too excited and excessive. Indeed in the future we will never know what will happen. Maybe I'm also wrong, but I'm sure about one thing: the economy will always adapt to the people.
285  Economy / Economics / Re: Electronic Money vs. Physical Money on: February 04, 2018, 09:09:12 AM
Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. Electronic  money or digital money has an advantage than paper money.  Paper money can be damaged  but digital money will not. Bitcoin and other cryptocurrencies are called electronic /digital money while dollars and etc.  they  are all physical  money.
Why people debating about this? Debating about this is useless you know. That is because both have their own uniqueness. Physical money is needed for those living in the village. They definitely do transactions using physical or cash money. If they do not use cash, they want to use what else? They can only use cash and can not use an ATM. They also do not know the technology and crypto. While the transfer of money is very useful in this modern world. Do not ask anymore about the benefits, we all know that the benefits are many and you can all mention it. Especially if used for online shopping.
286  Bitcoin / Bitcoin Discussion / Re: Is bitcoin loses its popularity ? on: February 04, 2018, 06:30:11 AM
Right now? Hmm, it's not but I can say for sure that in the future it will loss popularity. Because these past few days this merit system goes out and yes many of us bitcoin users are not still getting the point of it and it's so hard to rank up by getting a merit. This is what I'm thinking because the mindset of the society about bitcoin is that "easy money" but right now bitcoin proves that mindset wrong. Till now, no evidence has emerged to prove that the user-base of Bitcoin is going down. Exchange data indicates that millions of new users are signing up for new accounts every month and the number of active accounts have remained stable. The prices might have gone down, but that hasn't dampened the people's enthusiasm in crypto.
Are you serious about asking that? Is not it now that Bitcoin is getting popular and famous. Especially with many miner who keep popping up. It makes the VGA price go up and the gamers get confused. They end up finding out and disseminating it on the Internet through social media. From there Bitcoin and crypto increasingly famous and enthused many people. Many people are looking for work and looking for opportunities to jump in the crypto world. Many people want to get profit from Bitcoin and crypto. Most people know Bitcoin from social media. Social media has become an important and greatest factor for the development of Bitcoin.
287  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't panic! on: February 02, 2018, 11:46:08 PM
Yeah, people need to chill (but they can't as they went all-in, plus they sold their house, wife and kidney to buy Bitconnect), market can't rise all the time, corrections are healthy and we should see a nice rise over upcoming months. Just think about it for a second: why should whales dump it at the moment, when we are not recognised in a global scale and there really is a reason to rise as most of the implementations of great new companies aren't even done yet? I'd be a fool when this will crash (really don't think so), but at least I have made some extra money, so I'm okay with that.
Actually, there's a reason why they can panic. So we can not blame them completely. But there are also a variety of annoying beginners who want to get a lot of profit in the near future with Bitcoin. It is not impossible if you have much capital. But you must be patient if you invest into crypto. Because if there is a price decline like this, we must be patient to wait until the price rises. If it has not gone up, we can not get profit. People need to chill (but they can't as they went all-in, plus they sold their house, wife and kidney to buy Bitconnect), market can't rise all the time, corrections are healthy and we should see a nice rise over upcoming months.
288  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I Buy or Sell now? on: February 02, 2018, 11:39:43 PM
Whether you are going to sell now or later will depend whether you are a investor or one of those who react to the people's dumping! Powerful people are creating imaginary FUD and it has hit hard all the cryptocurrencies in recent times. But from the past we know it is only temporary. The price of Bitcoin and altcoins will rise up again. I say you hold all your coins in your portfolio. If possible then buy some more. You have a great coin. I think definitely keep and buy more. Now a very nice price. When still such will be? I think will soon begin to rise, and I think it will be fast.
First of all, if you ask questions like that, we should know about how much money you are talking about. We need to know about how much money is in your pocket and your Bitcoin wallet. If you have a big money and enough bucks to cover your life, why you should sell a Bitcoin? Whatever amount of Bitcoin you have today, just hold if you do not really need the money. Well if you really need the money. But if the case is you have so much Bitcoin right now, so you can wake up another business and make all your wishes, then selling Bitcoin could be an option. But do not sell when the price is still low. Wait a moment longer when the price has gone up.
289  Bitcoin / Bitcoin Discussion / Re: Will Ethereum be a Better Investment than Bitcoin in 2018? on: February 01, 2018, 11:25:02 PM
In my opinion ethereum can be a very good investment this year. As we saw the last drop of bitcoin, ethereum was very stable. And it keeps going up slowly but sometimes significantly. If we compare ethereum and bitcoin technologies of course ethereum is better but bitcoin has brand value in market. "When Ethereum came out, it was looked down upon because the market hadn’t matured yet." I think it is still the same. This caused prices to skyrocket on all altcoins. It seems as if the roles have been reversed and there is more doubt on Bitcoin than anything else. This is why we recommend you hodl Ethereum over Bitcoin.
Well, I'll try to give you the most powerful and most satisfying answer to all of us. Some people will say that Ethereum is better than Bitcoin. Some people will say that Bitcoin remains the best of Ethereum. But I think we can not be sure directly because we can not predict the future. For me, if I have enough money and enough ability, I'll try collect, buy, and invest into Ethereum and Bitcoin. That's because I always like to have a backup plan. I like to have more than one source of income including investment. That's so that if one source has a problem, I still have another source of income.
290  Bitcoin / Bitcoin Discussion / Re: Why bitcoin is not supported in some countries? on: February 01, 2018, 11:22:12 PM
I guess every country has its government or policy rules to follow. Its not that they dont support bitcoin there are maybe a state rules thats why bitcoin cannot just penentrate in a certain country. Maybe they are strict due to terrorist attack. Bitcoin is decentralized, knowing that they cant trace the orwner of transaction and whats the transactions is all about. Every country is just being carefull for the safety og their fellow countrymen. It is not profitable for those countries if they baned bitcoin. Every country want to recive taxes from citizens and also have information about money transactions.
Some people say if the state wants Bitcoin control. Some say that the state wants to take advantage of Bitcoin. Some others will say that the state considers Bitcoin as something illegal and can create a crime. That can happen because Bitcoin can be used to transact in the black market and can be used for money laundering. That's because we all know that Bitcoin transactions are not limited by anything. We can transfer anytime and anywhere with any amount. We can also transfer as much as possible with Bitcoin. We can be a bank for ourselves and therefore, we can be free from government and banks. Maybe that's why the country does not like it.
291  Bitcoin / Bitcoin Discussion / Re: What do you want to Buy with Bitcoin? on: February 01, 2018, 11:19:22 PM
Reading a lot of New Year Resolutions, and I can understand many of you here have some resolutions that involve crypto and bitcoin. Maybe you want to earn a bitcoin, multiply your  bitcoins or become a crypto millionaire. So here is one similar question that does not necessarily has to be achieved in this year. What are the things you want to buy with bitcoin? Whether its a House, your favorite car, a yacht, a jet or a ticket to Mars. Whatever you dream, list the things you want to buy with your bitcoins (crypto).
Actually I never buy Bitcoin, I just have work to do to collect Bitcoin as much as I can. I want to collect Bitcoin because I think investing and storing Bitcoin is one of the best ways and the best opportunity for me to improve my economy and my family's economy. I am a poor person or middle class, so I can not invest gold, silver, land, and home. So invest Bitcoin and crypto is the best opportunity for me. I want to collect Bitcoin as much as possible and keep it as long as possible. When the price and the amount of Bitcoin in my wallet already a lot. I will sell everything to realize all my dreams.
292  Bitcoin / Bitcoin Discussion / Re: Bitcoin decline has ended? on: February 01, 2018, 11:16:15 PM
This would still be too early to say crypto industry is recovering, but it would recover for sure. But this crash has proved that crypto industry is so volatile that even a single news or announcement is capable of crashing the entire industry or any specific coin. If a country said they would ban the stock market, you would see a huge crash in the stock market. You would not call it volatility. Several countries literally said they would ban bitcoin (or at least it was reported as such), so it crashed. Bitcoin is volatile, but that is not the cause of a crash. The cause of the crash is a threat to its existence.
I am not sure if the Bitcoin decline has ended or not. Or maybe it will reappear again in some time. Anyway, I'm not too dizzy and not too concerned with the decline in Bitcoin prices. I just focus on how to collect Bitcoin as much as possible. If I have a lot of money to buy and collect Bitcoin, maybe I'll get confused and worry about the decline in Bitcoin prices. Or maybe I decided to buy Bitcoin when the price dropped. Because indeed when the decline in the price of Bitcoin like this is the most suitable situation to buy and collect Bitcoin as much as possible. But I do not have that kind of money.
293  Bitcoin / Bitcoin Discussion / Re: Stop Selling bitcoin folks on: February 01, 2018, 11:13:27 PM
Stop selling bitcoin, you are being tricked into a loss. Learn to hold and wait, sell when it gets higher. Stop bringing down the market. You cannot control / ask people of what they want to do with their bitcoins. A lot of people are panicking because bitcoin price is dumping.  And it is normal guys to have this feeling. But to those people who are veterans they know what to do.  Of course,  some people also are selling their bitcoin becuase it is emergency not because the price of it is low.
Hahaha, what are you talking about man? You can not control someone's life or decision. It is up to people to do what with their money and their Bitcoin. It is their right to be inviolable. You must know that everyone has their own business. Their businesses are all sorts and you will not understand them all. After all, many people today want to invest and save Bitcoin instead of selling it. Many people race to collect Bitcoin, like me too. So, stop being knowledgeable and do what you have to do. Just focus on collecting Bitcoin and invest for your own good in your economy.
294  Economy / Speculation / Re: India just BANNED Bitcoin? Will BTC now crash? on: February 01, 2018, 11:10:37 PM
Why everytime Bitcoin and the whole market goes down, the bad news about cryptocurrencies are just flying in the air? just why? I think it’s the other way, they’re using bad news or making a black propaganda to make price go down. It succeed now because there is a big lope hole in new investors knowledge about this situation but many attempts they failed badly last year because the older investors learn they’re lesson as that days there are massive supports to strengthen or make the value higher, mostly now they want it lower to buy.
I think Bitcoin will not go down just because some country decides to block Bitcoin. For example like my country, Indonesia and India are blocked, then various other countries are also blocking. I do not think it will affect Bitcoin. Even if it brings influence, the influence that is brought is only temporary. I do not think Bitcoin can ever be completely blocked. For example, like porn sites, many countries block it, but in fact many people can easily access porn sites only with Google. Even a small child can. Same goes for Bitcoin.
295  Economy / Economics / Re: do you really like crypto coin? on: January 31, 2018, 11:45:53 PM
Yes , I like crypto coin ,i see the oppurtunity to learn to invest, the other good things the bitcoin can gives and the advance usage of this bitcoin in the digital currency. And through this crypto coin, we can be a rich one. Because this is the great type of investment and good coin for trading. That is the reason why I love this crypto coin very much. In fact crypto currency is the only way through which we can get a very good profit in a short period of time and therefore i do not think that there is any reason to hate bitcoin, in fact those people who know about the importance of bitcoin they  must like bitcoin very much.
Yes, I like crypto especially Bitcoin and Ethereum. I use crypto to invest in hopes of improving my family's economy. I come from a poor family and I can not invest gold and land, let alone a house. So I guess crypto is my chance to invest. I wanted to invest because I learned that everyone who wants to get rich should invest. Rich people always invest to double their money, while poor people just save and keep their money. I have many dreams with Bitcoin and Ethereum. I hope I can buy a house and make my family prosperous.
296  Economy / Economics / Re: Holdings of gold vs Holdings of btc on: January 31, 2018, 11:26:28 PM
Well, I would agree with you. Bitcoin is a digital asset and there is no guarantee that it will survive for more than a couple of decades at the most. On the other hand, bullion metals such as gold have been in use as investment assets for more than 5,000 years and IMO, it will hold its value as long as the human race exists in this planet. No one said the value of Gold is always high. At the moment, the value of Gold is still high because the world think it is limited supply and rare. Its ability to use in the industry is also very good, almost as it is the best in all metals I know.
Well, holding BTC can make our money grow. Holding GOLD can also make our money increases. Holding land and house, can also make our money increases. They are called investment. The problem is, the price of crypto can go up and down, while GOLD, land, and homes never go down. I never heard that there is a falling land price every year, surely they all always increase every year. So which investment is better? Of course GOLD, land and house. But if you compare it with the increase in the price of crypto, it will be difficult. Because maybe a certain price increase of crypto can be faster and bigger than GOLD. However, everything has its own uniqueness and advantages. That's why there is a term, dont put all your eggs in one basket.
297  Economy / Economics / Re: Is bitcoin really secure on: January 31, 2018, 11:20:56 PM
We does not have an assurance that investing here in bitcoin is a secure thing since more scammers are roaming around the crypto world. But we need to be more extra careful in dealing with. We must consider the many things about the project we invested in. I think bitcoin is safe for investment but not today, because I bitcoin because bitcoin this year continues to decline, now I've sold my bitcoin and switched it to fiat, I think it's the safest step. Why you can think that bitcoin its not secure? I think it is secure, of course.
Well, that's a question that has many answers. There will be various answers from people here. But I will try to give my answer based on my opinion and their opinion. Some people think that crypto is very, very difficult to trace. Crypto transactions are not limited by anything like: the amount of money, the number of transactions, the age limit, and everything. That's very different from the bank. Why is that free? Because the name is "crypto" currency, which means very safe. But there are also people who think that Bitcoin and crypto transactions are unsafe. Have you ever heard of an online store in DeepWeb called Silk Road? The store sells weapons, drugs, and other illegal things and they use Bitcoin as a currency. But now its founders have been imprisoned.
298  Economy / Economics / Re: Bitcoin, how far it can go! on: January 31, 2018, 11:16:14 PM
I don't agree. Governments are not trying to control it, they are trying to put regulation in to protect consumers. It just makes sense to implement basic controls so that things that are illegal (insider trading, washing trades etc) are not replayed against unsuspecting consumers. It's not regulation that is controlling the pricing, it's players with too much control on the system: Ver, Bitmain, USDT etc. How far will Bitcoin go? On the way down, I think we are all in for a surprise.
Hmm, what you say is quite interesting. It gives me new knowledge and new insights. Thank you anyway. I used to block Government and control the crypto because they feel they can not take profit from Bitcoin. But now I have a new view that they are not trying to block, but they have a reasonable goal. But in my opinion, there are still many countries trying to control Bitcoin. For example by building a very large mining company so they have a lot of Bitcoin. And so they can freely trade with crypto and they become a very rich country because of crypto. This can be one of the business fields for a country.
299  Economy / Economics / Re: Will we ever live in a cashless society where cryptocurrencies thrive? on: January 31, 2018, 11:12:48 PM
In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000. This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
Actually it all depends on the future that we do not know for sure. We all know only that the future is unpredictable and we will never know what will happen in the future. We can only speculate. I do not think I understand what's going to happen in the future with Bitcoin. Maybe Bitcoin will grow, maybe Bitcoin will disappear and fall somehow. But there is one thing that always makes me sure. If Bitcoin can not grow in the future, I think there will be someone who can replace Bitcoin. And when that happens, of course it will be better than Bitcoin.
300  Economy / Trading Discussion / Re: how to start trading ? on: January 30, 2018, 11:12:02 PM
The first thing that you should know about cryptocurency is that it is an unstable and you could lose all of your investments in the process, so before getting started with trading you should read some guides and watch videaos to learn the bascis bfroe jumping straight to busniess, i would suggest that you start trading more of the simpler and more well know coins like etehreum and bitcoin as they tend to be more forgiving if you mess up, as for the trading platform i recommend poloniex as it is more user friendly and easy to use.
Actually the way to start trading is easy. The hard part is keeping your confidence and passion for trading. The hard part is when you are told to analyze, predict, do research for the various currencies you want to make trading tools. That's the hardest part. And to learn all that, you can take advantage of this forum, social media like facebook group, and various blogs, websites, and articles on Google and the Internet. But to start trading from scratch is very young who like this way. You choose a suitable crypto and you want it. You can select all cryptoes, from Bitcoin and Ethereum, to the new Altcoin range. Then you buy or collect the crypto, and sell when the price increases.
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