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301  Economy / Speculation / Re: Bitcoin won't live to see the next 10 years on: May 25, 2018, 07:07:41 AM
I voted and 80% of voters agree with me that BTC will still be here in 10 years.
Not only will it still be here, but those who have HODL on that long will be wealthy.

I cannot imagine how much the price will be in 10 years later and if the price is really expensive, then we can be rich but it's only for people which could hold their bitcoin on that long time. bitcoin will stay for a long time and will help many people which want to have a better life and bitcoin will survive in the hardest situation like now.



                           It would probably cost thousands of dollars or maybe more. Even as of now we could already see how much high it gets, but let us just assume nothing is for sure, but when we look at its increasing rate over the past years, we could also assume that its rise is also consistent. So this means after few more years most holders of bitcoin will be living on their wildest dreams.
302  Economy / Economics / Re: Is banking still important in the bitcoin era? on: May 21, 2018, 03:46:32 AM
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Yes , i agree. Banks plays great significance in the financial system and economy.It is the key component in financial system that allocates funds. However, with the evolution of Bitcoin, the scenario has changed. The economic power that vested in the government and central banks is shifting to the public. This economic power can be challenged by people with this digital currencies.
we still bank services to operate bitcoin transaction.deposit to exchanger from fiat , need bank services.so until whenever it will used by much people and other instituion , especially about credit.



           As what you have said. Banks has their own significant role in the economy, and whether we like it or not we don't have a choice and still even if we have this crypto we still need to use banks. Not only that since it has a certain role in our economy, a certain country's economy are circulated through banks and we cannot deny the fact about that.
303  Economy / Economics / Re: Is banking still important in the bitcoin era? on: May 19, 2018, 02:33:37 PM


                  In my opinion, banks are still important. The economy of a certain country would never circulate without banks, and yes i agree with the few of you guys saying that banks has their own certain role in each country. The government will not really just let it slide most especially when the word money is involved.
304  Other / Off-topic / Re: what wallet can you recommend? on: May 12, 2018, 05:54:04 AM
Hi there,

i'm quite unsure about where to save my btc and eth. personally as i travel a lot i will have difficulties using a hardware-wallet, so i was thinking of a kind of mobile version. is there anything you could recommend?

Depending of OS you use in your smarthphone you can choose from 1 to 11 different mobile wallets.I never use any of them,but Electrum and Mycelium are very popular with users of Android OS.If you have the possibility I think you should definitely try them first to see if they meet your needs.Also be sure to always download original version and that your smarthphone is not infected with some malware.

For more info you can check here : https://bitcoin.org/en/wallets/mobile/android/


                       My friends also recommended me that before and once i tried, so far it was good and i have some good experiences about it. I think also maybe depending to your current location and which wallet you would use, because as far as i know there are also certain countries that has their own local wallet and has good features with it, so maybe you can just check online or ask some veterans or users in your place so you can have survey what's best for you i guess.
305  Economy / Economics / Re: What do you prefer Bitcoin or Ethereum ? on: April 24, 2018, 07:33:59 AM




                        Well in my own opinion, i prefer both. Aside from i have both of them, each one of them has its own characteristics and has its own features which made them unique, they have their own platforms that differs from one another. Although the price of bitcoin right now is higher compared to ethereum, we cannot deny that ethereum also is following the market price of bitcoin.
306  Other / Beginners & Help / Re: What is the basis of bitcoin? on: April 07, 2018, 03:50:20 AM



                       IMO OP you must avoid creating threads like this, you can try to read and look for answers here and outside the forum without creating threads around, this may seem rude but this has been talked a lot in this forum and FYI the moderators already posted some guidelines and some rules to all the newcomers.
307  Bitcoin / Bitcoin Discussion / Re: Bitcoin Friendly countries on: March 22, 2018, 01:14:42 PM
The country where I live is not a bitcoin friendly country, and I know there are some countries , they are quite friendly for bitcoin. even BITCOIN exchange ATM machines are there. Actually I would like to know what are the most Bitcoin friendly countries in the world at the moment?

The friendliest is probably Japan. They're pretty much open to transact in bitcoins and by theory, bitcoins came from Japan and it grew from there. Japan is a haven for bitcoin traders and cryptocurrency investors a like. Eventually everyone will follow Japan's footsteps.



           Well i've heard quiet a lot of rumors saying japan is one of the bitcoin friendly countries, and among them i've heard its the most popular and uptrend as of now. Here in our country its not that fully implemented and still they are not open to bitcoin transaction, but there are also few merchants who accepts bitcoin as their payment system.
308  Economy / Economics / Re: Long term argument for bitcoin on: March 22, 2018, 09:42:43 AM
Being the first cryptocurrency/digital coin is very important and if it was not for bitcoin, I don’t know if these other altcoins will ever be created in the first place so you should be very grateful bitcoin was created. Although there are some altcoins that have somewhat the same feature as bitcoin but it won’t replace bitcoin.
Thats true, that is the power of the first cryptocurrency, although altcoin will always come with great technology though. users will still choose bitcoin because bitcoin must be believed by many people first. security is certainly the number 1 to choose an investment in cryptocurrency

I'm not so confident about bitcoin btw
There are a lot of more convenient and interesting coins, so I think on of those will replace BTC
We should understand that we people have different point of view and we should understand and respect that. However, we should not forget to always give them constant advise and educate them how important bitcoin's existence is and how it has affected the lives of many. I believe that if we change ones mindset, every aspect along with it will follow.



                       Yes I do agree and respect what you are trying to point out. Aside from it is the first cryptocurrency being created, most of the coins that are created are still depending at bitcoin that is what i have noticed and maybe some of you also noticed. And also aside from arguing over these matters most new comers have knew bitcoin first before other crypto, aside of it, while we are arguing here, some people are taking advantage to the prices now to which is better currency and tend to ride with the flow.
309  Bitcoin / Bitcoin Discussion / Re: Do you support the Use of Bitcoin as a National Currency? on: March 22, 2018, 08:04:35 AM
While I support this use the fact is when I have gone into different PC parts store as part of my IT job and when I talked about them about the possibility of them accepting bitcoin as a payment they all replied the same. It has major volatilities is the major problem they told me about. I think this will be reason for some time being that bitcoin will not be implemented as national currency.
You are very correct.Volatility issue is a major concern.Bitcoin can gain or loose 20 per cent of its value in just 24 hours.With such volatility may be difficult to make plans or budgets without much tensions



                      Yeap. Therefore when its time to decide when to invest, it will be much crucial if you think about its volatility, while some people tend to buy and just hoping someday they will gain, we could also read through their minds that they are a long term holders and just want some kind of long term investment, which is more stress free compared to day traders which has lot of things to think before buying. If we talk about implementation of bitcoin as a national currency, most of us around here would vote yes because it has good purpose to begin with, just setting aside those risks, besides the blockchain system has a lot of room to improve.
310  Economy / Economics / Re: Why Bitcoin Is So Volatile on: February 16, 2018, 03:21:18 AM
Bitcoin price is so volatile because of the sell/buy of it, It's not stable because of this reason, It's not like a real currency, It is used by all countries in the whole world. So don't expect that it will be stable, even news (good or bad) about cryptocurrencies can affect the price immediately.


Yes true, bitcoin is definitely unstable currency, its stability depends on the supply and demand. Its the amount of bitcoins available versus the number of people wanted to use them for exchanges or people who wanted to save them thinking that its price will be higher than today. But we all know that bitcoin as a digital currency is still very much new and still on its developing stage. There are a lot of problems and issues facing bitcoin today, however being stable is possible but not as early as now.




                    Well i guess these needs to be talked over and over again, since there are plenty or tons of new users of cryptocurrency or should we say those interested and curious about bitcoin and other cryptos. Although this has been talked for almost several years until now, still we cannot deny the fact that more and more newbies and new people wants to learn crypto, and this is one of the most basic needs to be learned before entering crypto world.
311  Economy / Speculation / Re: Will Bitcoin go up to 20k usd on mid this new year? on: February 10, 2018, 10:45:37 AM


        Well honestly there is no guarantee about that, but I am not also saying that there is no possibility that it wont rise into that price, the chances are also high that it will maybe exceed than the predicted price. I am also waiting for some news that could also trigger its price to rise.
312  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin scale to become a major payment network? on: January 25, 2018, 06:17:28 AM
No. I think with expensive transaction fees and slow delivery times, Bitcoin will not be a major for payment. And again, there are still many countries that have not legalized Bitcoin. And there are many other reasons that Bitcoin is not yet suitable to be a major payment.



                     I do agree with you, perhaps it can be consider as a second or alternate way of payment system but as far as i can see it could not be the main currency. Considering those several countries that doesn't accept bitcoin as their payment, it only shows that there could be lot more of things to come, it may also change when the time comes, but there is no guarantee that it will really be exactly as we think about.
313  Bitcoin / Bitcoin Discussion / Re: Sell your house for investment in btc. on: December 05, 2017, 11:12:34 AM




                            I would rather not sell my properties over bitcoin. For example i would going to sell some of my things that i needed the most, the problems wont be before selling but it will come after you sold your items, and then you will regret about it actually why did you sold it for investments, and how much more without a house and living in the streets.
314  Economy / Trading Discussion / Re: Do you trade at multiple exchanges? on: November 27, 2017, 01:41:40 PM
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
This is arbitrage way of trading which you would plan to transfer your coins into other exchange since you did see that the price is way more higher on the current one which you can able to make profits if you did able to sell it into other exchange.This is profitable but would need fast confirmation times and you would need to be fast and active since price do change anytime and thinking off that fees would affect your profits if you do move soon enough.



                            Its obvious its arbitrage. Yes I often time do arbitrage, but it is also hassle for me, since it is not that easily confirmed and you need to watch out the market since as you have said it already that the market price may go down, lucky if it goes up, but most of the times it will be a little bit higher and not that much, plus there's this thing as confirmation delays that might as well lets you wait for minutes depending.
315  Alternate cryptocurrencies / Speculation (Altcoins) / Re: the price of ethereum increased on: November 26, 2017, 02:06:42 PM
I generally view Bitcoin as the rising tide that lifts all boats. If you're not familiar with that saying, it means the success Bitcoin brings to cryptocurrency makes all cryptocurrencies to do better. The here are times when ehtereum does not trade in symmetry with Bitcoin, but generally it seems that most currencies trade the same direction as Bitcoin more times than not.




                          I hardly believe it too. Since I first knew about bitcoin, there are some indications about the prices before, as we can see it clearly before when the bitcoin price goes up, the altcoins or most of them are inversely proportional to bitcoin, which means they go down and start to dump, and opposite when the bitcoin price dumps, but before, ethereum also is equally proportional to bitcoin's price, which means that, it follows the path of bitcoin.
316  Bitcoin / Bitcoin Discussion / Re: Virus change crypto address on: November 26, 2017, 03:28:50 AM
I'm sorry for your loss. Hackers, scammers and crypto thieves are very active nowadays. We need to be extra vigilant. Don't let your hard earned coins be stolen. I highly suggest that you use hard wallet because it has tighter securities than online and offline wallets. Just think that buying hard wallet is also part of your investment in this community.




                 This needs to be pinned already, since i've heard quiet few guys complains about their lose because of this incident. This is may be not new to us but please, before you confirm any transactions, please be extra careful and as you have said be vigilant, there is not other person that is responsible about it, instead of you. Before you confirm just make sure the address you are sending is the right one, and always double or triple check it if possible.
317  Economy / Economics / Re: Is Bitcoin actually just a Investment coin? on: November 25, 2017, 08:06:14 AM
I think it is correct that Bitcoin is mainly used as investment option because due to the price fluctuation, it is only good for investment purpose but not good for becoming currency and competing with fiat currency.


Yes I agree. As of now, bitcoin is commonly used as investment instead of online currency. It can't be really good to use as a currency these days because at any time, hour or minutes the price can change drastically or just a bit, this will be hassle to use if you sent incorrect amount plus the transaction fee.
When bitcoin was first created its basics were as currency but now people had changed its true meaning and all are using it for sake of making money and those who are bit aware of its currency eases they are using it as currency and that’s true that it give benefit in both mode so use in that one what you need and more of it btc has capability to give 100% profit so yes it is investment as well as currency, choice is yours.
Now it has become the investment coin otherwise satoshi created it for the replacement of the cash money but people have forgotten its basics and they are just putting their money into this coin and versatility of this coin is that it can be beneficial in both ways and I am suggesting that it should be used as currency also so that it will become more popular and more people will use it and high profit will come.
I did not really understand this question. What do you mean by investment coin? Bitcoin is not only investment but it is also a usable currency all over the world. As we saw that many people have started trading in bitcoin officially in their respective countries, like Japan, South Africa, Vietnam, India and Russia will legalize bitcoin in 2018. You can use your bitcoin anywhere in the world without any exchange of your local currency for purchasing.



                       I guess he means that bitcoin has been used mostly as an investment rather than being a currency, if were too, i would do the same, since i think i would regret using bitcoin as a day to day currency and use it for transactions, although the main point why it has been made is to serve as a digital currency, but as its volatility grows almost every single day, then it could also be a good investment.
318  Economy / Trading Discussion / Re: How to overcome the fear of holding? on: November 25, 2017, 04:42:51 AM
Welding your money is just like investing you will feel a little risk but there is 80% chance that the money will grow because by holding the money you increase the reality of that coin or in other words that coin is not available in large quantity inside the market because you hold some portion of it. That increase some amount of price(now imagine that same thing happens when many people hold money together). Let's suppose if you hold your money and somehow you hit on market crash so you just need to hold some more so that market can recover and you will still have your profit.




                    The goal in trading is to gain profits, instead of losing, we cannot blame to be worried to our holdings, aside from its valuable, we have risked big amounts of money to that investment. Well then, if you do like to hold for long term, you should expect that their are market crashes most of the time, but it will still recover from that, and if you feel like you are already contented to your profits you can sell it actually, nobody's holding you back, it is just your own emotions that are bothering you.
319  Economy / Economics / Re: Long term argument for bitcoin on: November 24, 2017, 04:26:58 PM
This is been most talked about with bitcoin more users adopts its uses. Bitcoin has helping many people already because of the features it has. Also ofcourse the price increased and users daily become growing this is what I think people have no doubt about bitcoin. Due to it is already proven many things that bitcoin become stronger.
well its been witness and only time will tell whether what can be the fate of bitcoin but surely for those who already inside the system they already enjoying what bitcoin gave them, there's no argument regarding to many new user who also having their faith that bitcoin will give them good revenue.
If we do decide to engage on bitcoin then it would turn out that we do really have fate on it to give us decent profits not only on bitcoin but also to altcoins. Regarding on long term argument then it cant be remove since people do have different perspective when it comes to anything. For now the most important thing is that we should cherish the possible opportunities that bitcoin would give.


                                 Yes exactly. We do have different point of views to what we see and hear, and since it has been argued most of the time, there is nothing wrong having bitcoin, and some other investments right such as alt coins? It is not that if you believe on bitcoin, you are already disregarding those new and has greater potentials than bitcoin, it is only that bitcoin is the first crypto currency that has been made, and as you can notice even though those coins that has better features than bitcoin, are still depending on bitcoin's price.
320  Economy / Economics / Re: good effect and bad effects of robots in replacing human Jobs on: November 24, 2017, 03:52:58 PM
as i said on the title what are the good effects and bad effects of robots in replacing human jobs.
What is your opinion about this guys.


In response to this question, the good effects of robots in replacing human jobs is that they don't need to interview many people just to find suitable workers for the job and they don't need to argue with them because they will not complain about the salary because they don't need to eat. The bad effects is that they cannot do something for a change because they cannot recognize us, they might not be able to go to the place they are looking for.



                            And according to you is that robot is a programmable, they don't consume too much, but the big problem is that, they are only limited, unlike human beings which are very resourceful, while robots can also be hacked and turned against the ones who made them. Logically speaking having an AI companion is also good, less manpower, but also the risk of people getting lazy and having so many health problems are there, people will only depend on those artificial products that made them feel better.
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