Anyone bought drugs with bitcoin and what are you thought on the subject ?
i know i have used bitcoin to buy psilocybe cubensis thank you bitcoin i cold have not done this without you now i can trip watching corry & eastenders in the evening its such a sight.
I had never bought drugs, not for money, not for Bitcoin. But yes, you can buy anything with Bitcoin if the seller is ready to accept the payment in Bitcoin. The fact that it is decentralized further makes the purchase and sale of anything and everything possible. But I don’t think so you should use such a valuable technology for such evil things. It’s because of reasons like this that government is against cryptocurrencies. I don’t think so you are going to find any positive response for your query in this forum. |
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There are two key factors affecting Bitcoin, which have triggered a recent sellout. Bitcoin has never been relieved of its involvement in money laundering and terrorist financing, and that connection was once again referred to by IMF president Christine Lagarde as she urged home. Managers around the world attacked bitcoin for this reason. At present, Bitcoin is just going down, not completely broken down. The second offender behind the bitcon depreciation is causing more anxiety for investors. Google has followed Facebook in prohibiting pre-encoded ads and ICOs. Makes pre-coding lose value.
What is your opinion?
The main reason responsible for affecting the value of Bitcoin is demand and supply factors. The demand of Bitcoin is currently low therefore; its prices are also low. The social media platforms are banning cryptocurrency ads, which is creating anxiety among the investors. The negative and fake news about it all over the world is also a major reason for its falling prices. |
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This would not be a surprise if it happens. Already many countries have said about their intentions of doing the same thing. The blockchain will bring many advantages to the country such as regulatory compliance, transparency, quality assurance, smart contracts, etc. And yes, the government will surely ignore Bitcoin as they will never want cryptocurrencies to replace the fiat currency.
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i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
I think so mining is a better option only if you have some benefits like, free or cheap electricity, millions $USD as capital, technical expertise, access to the latest ASICs, and a cool climate. Otherwise, mining could prove very expensive for you. So you should better go with buying Bitcoins. |
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Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Bitcoin can never replace fiat currency; probably the governments will never let that happen. They will never want to lose their control over the financial system of the country. Further, Bitcoin can never have that mass adoption which fiat currency has. Also, the government will never ban them because there are some many investors who still have faith in Bitcoin. Since Bitcoin is decentralized the users do not need the approval of any authority before using it. |
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Bitcoin is here to stay forever. Although Bitcoin is having a tough time as its value is falling, but this does not mean that it will not survive. People still have faith in it and are still investing in it. Bitcoin is experiencing downfall due to some fake news about its banning. No country has banned it, except China. Give Bitcoin some time. I hope it will rise in June or July. And I don’t think so there is any Altcoin which has the potential of replacing the Bitcoin.
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There are many obvious reasons that why people say that gold is better than Bitcoin. First, gold is being used as long term investments since a long time ago and Bitcoin is relatively a newer concept. Second, gold has high purchasing power and lower daily volatility. Whereas Bitcoin has volatility of almost seven times of that of gold. Third, cryptocurrencies are vulnerable to hacking through wallets or users’ computer or smartphone but gold has no such risks.
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I do not think so that it would be a wise decision to sell all your Bitcoins. Bitcoin has a great potential so its value can jump up anytime. Since your investments are in loss, I will suggest you to forget about it and keep it for some months. You will surely find a rise in its price. Don’t forget that profitable investments are long-term and they require patience.
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#Proof of authentication post
Twitter username : @cypto_freak
Twitter link url :https://twitter.com/cypto_freak
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Insert Quote #Proof of authentication Twitter username: @cypto_freak Twitter link : https://twitter.com/cypto_freakFollower: 2450 Telegram username :@Sixoffive |
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Zebpay is the best Bitcoin wallet if you need an easy to use wallet. You will get the best Bitcoin prices here and higher security. Besides these, unocoin, nitvovo, coinsecure, BTCXINDIA are also good to use. I would like to tell you that wallets are not country specific; you can use any wallet which looks best to you.
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Yes according to me, selling Bitcoin is a stupid decision, especially if you are selling it out of the fear of its price falling down. People should understand that this drop is temporary, because the drop itself is as people are selling off their Bitcoin holdings. So this is a kind of a trap people are creating for themselves. For those, who have not yet sold their investment, I will say hold on and wait for the big rise.
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Yes, you can definitely buy a house with Bitcoin. In fact, you can buy anything and everything if you have Bitcoins and the seller is ready to accept payment in Bitcoin. No third party can interfere in this. This is possible because of decentralized nature of Bitcoin, implying that it is not controlled or regulated by any authority. It entirely depends on the dealers and customers whether they want to deal in BTC or not.
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