Bitcoin Has Been Profitable for More Than 94% of its Existence
I don't really agree with you on this statement. It might have been 94% profitable for you but that does not mean it has been to everyone in the crypto space. A lot of people have made huge loses investing in Bitcoin considering the drop of its market value in the year 2018. You need to provide us with your statistics for this assumption of yours. Bitcoin might have a good profit margin considering its frequent change in its market price within a day or week but I don't really think it has been more profitable more than 94% of its existence. I disagree with you on this. |
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So, we all know everyone is going on and on about Bitcoin mining wasting lots of electricity and how this is harmful to the environment, but have we ever considered how harmful other payment methods are? Visa and MasterCard have about 65 million customers <old statistic> and we also have debit cards from Banks and also other payment cards like American Express and Diners Club etc. A lot of these cards are replaced once every year and it is made from material that are very harmful to the environment. Cards are made of several layers of plastic laminated together. The core is commonly made from a plastic resin known as polyvinyl chloride acetate (PVCA). This resin is mixed with opacifying materials, dyes, and plasticizers to give it the proper appearance and consistency. - Source : http://www.madehow.com/Volume-4/Credit-Card.htmlThe average American has 2 to 3 credit cards and there were 304 million Visa credit cards in circulation in the United States and 545 million Visa credit cards in circulation outside of the United States in September 2014. Source : https://www.creditcards.com/credit-card-news/market-share-statistics.phpThere are about 189 million Americans adults with at least one credit card. In Q4 <2014> cards in circulation looked like this : Citigroup - 109,774,131 JPMorgan - 93,847,656 Bank of America - 79,822,686 Capital One - 63,194,228 American Express - 54,900,000 Discover - 43,630,772 Synchrony - 31,030,786 Wells Fargo - 24,271,107 Barclays Delaware Holdings - 16,156,368 U.S. Bancorp - 14,440,681 So, looking at some of the statistics and considering that those cards must be manufactured with the use of electricity and also destroyed and ending up in landfills, then I would say Bitcoin's carbon footprint must be minuscule compared to this industry. Feel free to add some updated statistics and also a graphical presentation of what those millions of cards would look like, if you had them all together. We would circle the earth a couple of times, if we had all the cards that were manufactured, since it was introduced many years ago.  Exactly! People are always quick to make and analyze Bitcoin without looking around for other services that are the real consumers of electricity in the world. The mining of Bitcoin uses lesser electricity compared to companies that uses electricity in the production of their major products. Not to talk about credit card and master card companies, recycling companies and oil & gas companies uses a huge amount of electricity in their production compared to bitcoin mining. The electricity used for Bitcoin mining should be least of our concern in terms of electricity usage. These people saying bitcoin is wasting electricity are just haters of it. |
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Recently, I heard that China banned holding cryptocurrency and cryptocurrency transactions, so does that mean that having cryptocurrency in China would be a criminal offense? Moreover, why create such a ban in the first place?
What you should understand and know is that cryptocurrency can be used in any part of the world in as much that it might be banned in a particular country. To answer your question, the news about China banning cryptocurrency is one of the FUDs shared by people just to avoid others from using and getting into the crypto space. There hasn't been any specific evidence proving that cryptocurrency is been banned by the China government. This FUD has gone on for a while now and needs to be stopped. FUDs are the main reason why the adoption of Bitcoin and other cryptocurrencies has been very slow. |
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A Crypto investor Michael Terpin lost roughly 1,5oo bitcoins on January 7, 2018, after falling victim to a SIM swap attack, The Wall Street Journal reported.
The bitcoin stake was worth $24 million that day, roughly three weeks after the asset hit its record high price.
The incredibly precise hack involves thieves taking control of a phone number and using it to access email accounts, bank reserves, and even crypto wallets.
Visit the Business Insider homepage for more stories.
One crypto investor lost bitcoin worth as much as $24 million after falling victim to a new kind of hack known as SIM swapping, The Wall Street Journal reported.
Michael Terpin was hit by the attack on January 7, 2018, days after bitcoin reached its record high price. Thieves stole roughly 1,500 bitcoins by taking control of his phone number and using Google's "Forgot password?" feature to gain access to his email. With possession of the two personal accounts, the thieves hacked Terpin's crypto wallet, stole the digital assets and quickly sold them, according to WSJ.
Bitcoin traded between $16,969 and $15,790 per coin on January 7, 2018. The digital coin now trades at roughly $8,700.
Source:
Wall Street journal
In this crypto space we find ourselves, we are in charge of our personal safety in terms of online amounts and online crypto wallets. The moment you make a little mistake, your account or wallet will be drained off the crypto coins in it. It is quite sad that Michael Terpin lost about 1500 Bitcoins. But why will you keep such an amount of Bitcoins in one single wallet which is an online wallet? This will be a lesson he will never forget as long as he is alive. People need to protect and keep their wallets safe and secured. |
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 People have the worng ideas for earn free bitcoin without work, if you want earn free bitcoin then you need more skills with hard working. There are a number of ways in which you can earn free Bitcoin, but for that you need to be competent in those things and work hard:1. Writing about Bitcoin: If you have skills about bitcoin with the cryptocurrency market industry General knowledge then you can share and also earn bitcoin. 2. Micro Earning : Micro earning websites pay you in Bitcoin for completing small tasks. In return you can get a (very) small amount of Bitcoin. 3. BitcoinTalk Signature Campaigns: This is the most and popular ways you can earn more bitcoin with your expensive skills. If you want participate signature campaign then you need good rank and high post quality. Because here campaign manager will be follow your post quality so knowledge must have the crypto world. 4. Paid-to-Click PTC Websites: There are many PTC websites that will pay negligible amounts in Bitcoin for clicks and views theirs adds This website allows users to choose between viewing ads that are 5 seconds, 10 seconds or 20 seconds, with different fees being awarded for each but you need to searching trust proof site with payment proof. 5. Bitcoin Trading: There is lot of potential to make money on trading in Bitcoin, but it takes a level of expertise and knowledge about the bitcoin market. 6. Bitcoin Investment : If you can be patient then you can make a lot of profit through the investment of Bitcoin. When the price of bitcoin goes down, you can buy and hold bitcoin and if you have enough patience time then after you will earn extra bitcoin profit. Thanks to all.. Exactly the point. People need to understand that in order to earn or own some bitcoin, they need to undertake the above outlines. Bitcoin is no different from fiat currencies and the only way someone can own a fiat currency is by working and getting paid for their services provided. Same applies to Bitcoin, you need to provide services or investment in it before you can earn some amount of Bitcoin. There is nothing free in this world we find ourselves. |
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According to the cryptocrunch: https://cryptocrunchapp.com/news/bitcoin-officially-included-in-french-high-school-syllabus/Bitcoin cryptocurrency education will be implemented to French High School Syllabus. It is a new way to introduce money to students. They are focusing on four Video questions: 1. Can bitcoin be a replacement to Euro? 2. Is bitcoin the currency of the future? 3. Is bitcoin is a currency like others? 4. Do you have to trust your currency? Regarding this, it would be a good start to educate students about money and trust. What's your opinion about this? Should cryptocurrency as a whole and blockchain be in schools curriculum? Blockchain technology should be the main thing added to schools curriculum rather than Bitcoin. Bitcoin is just a small piece of the puzzle. When you read the whitepaper of Bitcoin, it focuses more on the technology rather than the coin used on the platform. The understanding of how the blockchain technology works will help them appreciate the relevance of the use of Bitcoin. Understanding blockchain technology makes it easier to understand the true purpose of cryptocurrencies and bitcoin to precise. |
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In the year 2130 all of the Bitcoins will have been mined and the only reward at this point is transaction fees,if most people are using Bitcoin just as a store of wealth, then there are very few transactions, which means there is very little reward for mining and so a lot of computers would pull out of the Bitcoin network. Would this be a problem? If large Bitcoin transactions occured sparingly in 2130 and beyond, would the Bitcoin concept still work?
I'm very much confused here. Who came out with the idea that in the year 2130, all Bitcoin will be mined? I have read through the whitepaper of Bitcoin from head to toe for several times but didn't come across anything like 2130 all bitcoin will be mined. The blockchain network of Bitcoin is designed in such a way that, having a bitcoin wallet on your computer automatically sync you to the network. This makes a passive use of your CPU power without you noticing anything. This implies that even if all Bitcoins are mined, the blockchain network of bitcoin will still be intact so far as people still have bitcoin wallets and still owns bitcoins in their wallet. |
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My #1 concern is that Bitcoin cannot handle being popular, and if it gets more popular, there'll be big problems with expensive and time-consuming transactions. This is basically a concern about micro-transactions (so a daily life thing, yeah) and no user-friendly solution to this problem.
I don't think I will agree with you regarding the fact that you think Bitcoin can't handle being popular. I get the reasons why you think Bitcoin handle popularity but you need to understand that developers in the Bitcoin ecosystem are always searching for ways to make the Bitcoin network very effective. The main concern I think is the most one causing a specific problem in the Bitcoin space is the spread of FUDs by media and people who either do not know anything about Bitcoin or do not really research before making assumptions and claims. FUDs are the real virus in the Bitcoin system causing the avoidance of mass adoption of Bitcoin. FUDs put fear into newbies in the Bitcoin ecosystem and kinda discourages them from really understanding the true purpose of Bitcoin in the financial space. |
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Before investors are everywhere in crypto currency specially mid 2017 but everything change
Ico's started to boom in the internet, you can choose a lot
of ico that you like, but then started to change , there are ico that are scam, running with investors money in a snap, lending platforms also can be seen, the same happens they suddenly disappear
we have already have a very good market if there are no scammers
they change everything, now investors are so hesitant whenever there is a new coin that are good but they opted out because they think its a scam, I think we should find a way to lessen or better eliminate them for good.
Looking at the current state of the crypto ecosystem and the kinda new projects launch in this recent era, it is a major contributor to by its hard to attract investors to invest in new projects. A lot of these projects do not really have anything significant to offer to the crypto space and the entire world. Such projects will never attract an investor to invest his/her money in the project. Majority of these projects are not well organized and do not have any realistic products to attract investors to invest in. Investors invest to make profits out of their investments. If the project doesn't look profitable, it will never attract any investor. |
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I was just wondering if one day it would be possible for cryptos such as Bitcoin (BTC) OR Ethereum (ETC) to become mainstream one day for people to use for day to day transactions on a daily basis. Because I heard that the people in Zimbabwe with their economic difficulties use cryptocurrencies as a means of trade.
Would the world adopt cryptocurrency as a means of transaction, what do you guys think?
There are good possibilities that cryptocurrencies such Bitcoin might become a mainstream digital currency for people to use for their day to day transactions. Considering the ten years existence of bitcoin, the number of people using Bitcoin has increased for the first day it was launched till now. I believe the world is gradually understanding the significance of cryptocurrency and how it might change the way people make transactions without having to pay huge amount of charges for every transaction. But this might take a long time for it to happen considering the image the media is feeding people with about cryptocurrencies such as bitcoin. |
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In 2010, you came across a site that was giving away bitcoins. The site said it was free money so you signed up. You were logging in to figure out how it was money but couldn't. The last time you logged in you had more than 100 bitcoins. Later you forgot about the site until 2017 when a ponzi was advertising Bitcoin. Bitcoin? The name rang a bell and you stated hearing stories. You remembered you must have many bitcoins somewhere but you can't even remember the name of the site. How would you recover your BTC?
First and foremost if the website is still in operation, it is very possible that you might not see any Bitcoin in your account if you remember your login details. It is but a waste of time to worry yourself in trying to remember the login details. And secondly, how can it be possible that a website will give you more than 100 Bitcoin and you will still keep such amount of Bitcoin in that account?? Don't worry yourself and resources to try to retrieve and remember the name of the site, because it might not be working. |
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The idea of owning and keeping your money in a form digital currency scares people even if the platform of bitcoin looks good and flawless. This discourages people from owning bitcoin since they are scared they might lose their money with the least mistake. To further add to this regarding why just a few percentage of Americans own bitcoin, bitcoin as been referred to as nerd money. This means that only people who are into computer programming and science know about Bitcoin and own some of it. This can somehow 6.2% have knowledge about Bitcoin and own bitcoins...
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This news made me angry  Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens? https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/What you need to understand is that manipulation exist in every aspect of the world financial ecosystem. With bitcoin, people considered as the whales somehow controls and influence the market value of bitcoin. In as much that the government manipulate fiat money does not also mean bitcoin is not manipulated. Personally, i don't think Bitcoin is better than US dollar but rather the system that bitcoin uses is better than US dollar system. The decentralized nature of the bitcoin network is better than the centralised system of the US dollar but i terms of value, US dollar is better than Bitcoin.... |
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Hi, >:(I'm new but I'm looking trusted site to buy. Please help me. Thanks What you should understand it that most crypto exchange platforms are perfectly a good place to purchase your bitcoin depending what you will be using for the payment of the transaction. Using fiat for the purchase, you might require KYC process by majority of the exchange platforms listed on coinmarketcap.com . coinmarketcap.com will provide you with the exchange platforms which you can purchase the bitcoin in the order of which platform has the highest market cap and volume for 24 hours. Most of these platforms have strict requirement of passing KYC before having access to their platform for transaction. But personally, I will recommend that you use Binance, Bittrex, and Kucoin. Yobit is also a bit good to buy bitcoin.. |
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For all of you who follow various content creators to Crypto?
what are 3 elements or pieces of information you like to see?
That the content creators may be missing out?
What would you like to see?
What would make you generate interest towards a specific content creator?
These three elements are already seen in the content of every article. Most articles seen in the crypto space usually contain content people may either like or dislike which is usually generated towards a specific kinda interested parties. Looking at the content of your post, I can't really get what you wanted to communicate across here, because content creators provide readers with all these three elements you think readers and viewers need to check out. |
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Im a completly begginer with cryptos. I just found this forum and it seems great. What would be some fast ways to make 50.000$ (like 3-4 months) ? I just know about day trading with cryptos but dont have slithly idea how to do it. And stocking in iotas but that would take much more than 4 months.
So.. any ideas? Thanks !
Just get a real job and you will be able to make some dollars within 3-4 months. The crypto space is not a get rich quick ecosystem where you can just make easy money by trading or investing in IEO or ICO. |
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How strong does a character need to be to set aside some amount of money on a weekly gamble?
What needs to happen to make it happen?
Does the great loss solidify our character?
What exactly does it mean to discipline yourself in gambling (in the narrow sense)?
Should we be disciplined in gambling, does it mean that we are better at gambling, or that we put less money at stake with more enjoyment, less fear, adrenaline, etc. ?
Me interested in answering the last question?
Gambling can be also called an instinct investment. In as much that discipline is the tool that can help gamblers reduce the amount of money lost by gamblers, it does not work the way people think it should. Discipline in gambling is knowing your strengths and weakness and having good instincts in terms of predicting possible outcomes. Discipline in gambling means knowing what to bet on at a particular time or interval. To answer your question 'Does the discipline help in gambling?', yes discipline really helps in gambling but people don't really rely on discipline, but rely on instincts. |
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Congratulations to Liverpool for a 99% chance of winning the EPL title. Just like what Mourinho said as a pundit: "If Liverpool wins the game today, I sink they will win the league." However, "a slip from Liverpool will always happen."  https://youtu.be/0QLreveQraA?t=82I don't really think its 99% now, Liverpool's chances to win the EPL is around 75% considering the fact that the first around of the EPL is not yet over. Liverpool has high tendency to draw some games with some of the small teams. This years EPL will be interesting in the second round period, teams at the button of the league table will be working hard not to stay there. They are gonna give the top teams a run for their money. |
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The easiest way to invite people is to live by example, when I was starting out here when I try to tell them about Bitcoin and Blockchain they thought that I was inviting them to a Ponzi scheme, but after they saw that I am making progress in my life materially and they see through the many media news and Videos I've sent them, they finally realized how this technology can help them, you don't have to tell them they will eventually catch up because it's now becoming everywhere.
I don't really think living by example is the easiest and perfect way to invite local people into using Bitcoin. How will someone who does not know or understand anything about digital currency or Bitcoin be easily convinced if you don't educate them about Bitcoin and how it operates. Living by example will not be able to make an impact in the life's of local people. The best way is to design an activity that can easily explain what bitcoin is and the relevance of Blockchain technology in our today ecosystem. |
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