I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
Deer Kapee, I think you better know that how safe is bitcoin! Bitcoin is more safer then a bank. Also the price of bitcoin is rising no. So this is the perfect time to hold tour bitcoin in your wallet and after some time I am sure that you will get a huge profit. This is my advice for you hold your bitcoin. Banks will not give you the return that bitcoin will give you. So, as long as you want to keep your money in the bank, keep your money in Bitcoin, you will see that you will get better results than bank.
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Bitcoin is a digital currency that works peer to peer transactions method. It is quite impossible for the people to track your bitcoin for the peer to peer transaction method of the bitcoin. So, if you ask "How can a government trace you have BTC?" then the answer is government cannot track if you have btc. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Nowadays Bitcoin's price is growing. It is a good news for the bitcoin's users because many people of the world are in bitcoin investment, campaign, bitcoin mining and trade. They are fully depends on the bitcoin and they have succeed in bitcoin trade or bitcoin. For this reason I am sure that cryptocurrency could help our business.
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HOW TO STOP HACKERS TO HACK YOUR CRYPTO WALLET Protect yourself from cyber criminals Good day to all of you guys I am EdsnowAngel a programmer and a bit security tester in different platforms. Now I heard to my friends a lot of concerns saying "please help me my bitcoin wallet was hacked!!"Ok ok first thing first when your bitcoin wallet gets compromised then your funds was send in different wallet then it is irreversible meaning no return of funds!! so I wanna tell everyone how to protect your bitcoin wallet from such kind of situation. 1st: Protect your GMAIL or EMAIL ACCOUNT We all know we use GMAIL as our email provider for such accounts like blockchain then we can recover and approve login with email in some wallets, now when your email account was targeted and get compromised then say goodbye to your bitcoin.To secure your bitcoin wallet(ex: blockchain or other) go to your google account settings. and then turn on the 2FA(2nd factor authentication) here is the guide on how to do it: STEP BY STEP GUIDE2nd: Use your own DEVICE or COMPUTER/PHONE It's a very bad idea to use someones device(ex:from friend) to make a transaction in your bitcoin wallet why? because first you don't know what is the capability of that person regarding that matters and you don't know if that phone has a lot of malwares and spywares.So we cannot say that you are safe using someones device to make transactions. 3rd: Always backup you PK's or PRIVATE KEYS This is the most important thing to remember for everyone using your ETH or BTC wallet without backing up your Private keys then you can't recover you wallet in case you forgot your wallet.PK's are very important but there are thing you should do first. Make sure you store your PK backup somewhere that you only know and not from your computer because there are some spyware that might inside of your computer that can steal that file so make sure you back it up print in a paper and hide it to the place where you only know. 4th: Don't open links from malicious emails This method was called email phishing where an attacker will send the same email in thousands of random users once the victim will click the link in that email then his or her device was compromised to avoid this please do not click the links included in the email immediately please always have time to check who is the sender of that email and if that email is came from the site where it supposed to came from. 5th: Do not trust PUBLIC WIFI It's quite good to have access with free wifi's but have you think this: IS THIS A SAFE NETWORK? without you knowing maybe some of the people connected to that same network may have idea and skill on how to sniff passwords and credentials this method was so called DNS SPOOFING or SNIFFING if you want to use public wifi then use it not just with your bitcoin transactions. 6th: Do not login on Suspicious links This method is called PHISHING where an attacker will send you a link to login with your bitcoin wallet luring you with the legitimate site example is: the real site is: https://www.blockchain.info/the fake site is: http://www.blockchain.ga/then once you login to the fake site then the hacker or attacker will have now your credentials. Please always check for the green lock on the url bar and the word HTTPS in the link. so this are some of the way to stop hackers to hack your bitcoin or crypto wallet. If you have other information then you can comment it down and lets help others. This is really a good advice for the bitcoin and other altcoin users. Thanks for the good advice. Also the users have to protect their wallet by hard security key. They have not same security key at the different place and they have to change their security key some days after after. They should not give to anyone their personal security. It should have to hide. Thus they can save ans stop hackers to hack their crypto wallet.
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This is really true. There are truly a lots of people that patiently waited the rising up again of the price of the Bitcoin crypto currency. Well this is just expected here in the crypto currency community that when the price of Bitcoin went at its downfall, it is automatically expected that Bitcoin will rise. And I hope this price of the Bitcoin will continuosly rise up.
Well this is good news for us, many investors now are happy now cause they see the fruit of there labor they gain high profitable income in there investment there effort to wait and patient its worth it, cause Bitcoin now increasing there value and hope it will be continues increasing . May the bitcoin's price rice again and again so that the investors and the traders gain more profit. We all know that bitcoin has helped many people when they were helpless. Last week I read a post of a person who had lost his job and he joined in bitcoin investment. With in a short time he became profitable. Now he is a big bitcoin trader. I don't want to explain his identity because for it he maybe harm. But the story is real. Bitcoin helps the world's economy and also it helps many people. So the price of bitcoin should be increased.
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Many people told the price of bitcoin is going down. Some people told bitcoin will die its price will going more down. The news has scared many bitcoin users. But the good news bitcoin's price has increased now. In 11 July the price was $6393.08. But in 12 the price decreased to $6186.77 and in 13 it increased to $6247.27. In 14 July the price was $6239.25 after that day the price increased to $6343.30 and in 16 the price increased to $6626.67 and in 17 the price was more increased to $6718.47. This is the bitcoin's price info in this weak. This is really good news for the bitcoin users. Now the price of bitcoin is $7,413. Now many people are talking bitcoin's price will grow more.
What do you think about it?
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Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same . Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate. For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.
The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.
It's on you how safe you make it .
The topic "The reason why Bitcoins is the safest system" is fully carried on the blockchain technology. Blockchain is a wallet that was invented for the bitcoin transactions and it works peer to peer or user to user. For this reason all the transactions are related with the previous one and so it cannot track or hack. So it can be said, "Bitcoins is the safest system" for blockchain's p2p transactions system. But if any user gives the security key to anyone then it maybe hacked easily. So don't give anyone your blockchain's privet key and stay safe. Thank you.
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Bitcoins distributors are increasing. Indeed, the symbolic bar of the 3 000 distributors in the world has just been crossed, and there are about six new installations each day. So the situation is changing very quickly.
WOW at present there are 3480 bitcoin ATM machines on the whole world that divided into 82 different countries. Though all the ATM machines are not working but I think they will activate soon. It is really a very good news for the bitcoin traders, bitcoin holders and also all the bitcoin users. Those countries of the world has set bitcoin ATM machines in their country bitcoin will make them more improve than today.
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Everyone is scared for the sudden fall of bitcoin prices. But many Bitcoin Developers and Investors think Bitcoin prices will increase again. It is really a good news for the bitcoin traders and investors. In my opinion we have to hold our bitcoin and wait for the value increase. Thus I think we can recover from our loss in bitcoin investment. The people who have invested in bitcoin they have to wait for long term for recover their loss.
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Dear friends! Let me remind you what is cryptocurrency is and what its purpose is. Bitcoin is the first cryptocurrency. The creator of bitcoin had the main goals of decentralization and lack of control by government. Today, all people are discreetly deceived. People are offered a chase for the US dollar. Speculators and ASIC manufacturers came to the world of cryptocurrency. They do not need a cryptocurrency. They need dollars here and now. They are old and they wouldn't like to eat own d***, you understand what I mean. People succumbed to the chase to the dollar. Bitcoin is manipulated. This is a well-known fact. We must admit this. Manipulation began with the appearance of the first ASICs. Let's admit the bitcoin is centralized. Like LTC, BCH and other ASIC-addicted coins. Today number of largest holders of bitcoin is small. And they manipulate the market.
Why banking corporations will never accept Bitcoin and you will never get payment gateway all-in-one?
Banking corporations are organizations that play an important role in the economy of states. People often blame banks for various troubles. Often this happens erroneously. Banking corporations are interested in cryptocurrency. But this should be money not dependent on a limited number of people. You want to create a currency and banks must accept it. This will not happen until the banks are equal players. You want decentralization. You are talking about decentralization. Decentralization is good. But you do not do anything for it. Let's remember the theft of ethereum. One person made changes to the network with his decision. It is unacceptable. For banks this is unacceptable. Unacceptable theft, change of the network by one man is unacceptable, too. Tomorrow, the largest bitcoin holders will arrange a price collusion. Who will suffer in the first place? You will suffer first of all. And who will be accused? The banking system will be blamed as usual. No one banker will say this in an interview on TV and even in a private conversation. But it is so. The banking system, business and society need an independent currency. A currency that will vehemently resist any attempts at centralization. You must understand this. Ideally, this currency should be independent of people, but people should serve it. Banks have tried to develop such a currency. It did not work. This is inappropriate to do the banks for various reasons. The decision must be made by society. By you. Banks can accept a fair and maximally decentralized cryptocurrency. But banks will never allow anyone to manipulate them. Regards,
Of course bitcoin have a good future. Bitcoin is the first crypto currency and most valuable. For this reason people say bitcoin has no competition. Bitcoin's price is going down now for some misdeeds of some people and volatility also hampers the development of bitcoin. But many bitcoin holders and bitcoin traders thought the price of bitcoin will rise again in future.
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Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering. So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
As bitcoin is a decentralized digital currency and it is used in various purpose like marketing, shopping, trading, paying the online bills so those countries of the world where the use of Bitcoin is officially illegal there its use should be legalized. The government should have to research the benefit of bitcoin. Actually they have no idea about bitcoin and its benefit when they have known its benefit then they could understand about and then they will declare it as a legit currency in their country.
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I want to know whether what is a blockchain technology...? If you know, please explain as simple as possible....
Blockchain is a kind of wallet which was discovered only for Bitcoin transactions as bitcoin is the first digital currency which can be traded in online. But now-a-days Bitcoin, Ether, Bitcoin Cash can be traded by blockchain. Like paper money and gold before it, bitcoin and ether allow parties to exchange value. Unlike its predecessors, it is digital and decentralized. For the first time in history, people can exchange value without intermediaries which translates to greater control of funds and lower fees. Blockchain is connecting the world to the future of finance. It is the most trusted and fastest growing crypto company. They are helping millions across the globe – from single individuals to the largest institutions. It is an easy and safe way to access crypto-currency. Through the use of block chain technology, Blockchain is revolutionizing the $14T financial services industry. Blockchain has raised over $70 million in funding from leading investors including Light-speed Venture Partners and Google Ventures.
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Many of us use bitcoin only in exchange/trading site, while bitcoin should be more used in marketplace/online shop. Which one do you choose? Do you prefer to use bitcoin on a trading site or marketplace/online shop? And why do you chose that?
Right now a days bitcoin is used in exchange or trading but is should be used in marketplace, online shopping. In my opinion it should be used is all purpose. Simply all know that we can trade our exchange/bitcoin. We can also use it in the marketplace but not all kind of marketplace it can be used in those marketplaces who except bitcoin as payment. We can shop in online product by bitcoin if they are allowed. The main reason why I am choosing it that is the bitcoin's influence. By this influence bitcoin can be used in all above the world.
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Bitcoin is a crypto currency which is used as a means of exchange and also a store of value, it is called crypto because it was built in a way that it cannot be copied this was done one the blockchain, without the blockchain there can be no decentralization of bitcoin. Blockchain is an open ledger where transactions are being stored, all transaction stored are distributed and decentralized. Meaning that everyone has access to be information but no one owns the information. Bitcoin is a coin built on the blockchain, while the blockchain is like a decentralized database with no owner.
The main deference between in bitcoin and blockchain is bitcoin is a digital currency another blockchain is a wallet by which bitcoin can transaction that's why it works peer to peer or user to user and it cannot be track. Bitcoin and blockchain this two things are related with each other. An important thing is bitcoin is a token that is called digital currency because it is used by online process in stead of general currencies and its transaction method is done by the blockchain technology.
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Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?
Of course centralized system is old but now the time is for decentralized system. The decentralized is a digital method. In the past, centralized methods were used that was controlled. But decentralized method is uncontrolled to anyone. For this reason some people are confused for it. But the decentralized method has invented for not to confuse anyone is has invented for betterment of the world. Another the banks are still advising to keep your money safe in bank but in bank you have to give them a particular amount of fees. But you do not have to give any fees in decentralized system.Also there is no apologies in decentralized system but you have to give a particular fees for the transactions.
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