Simple two questions, any advice as to whether to be concerned to either transfer the coins to a hard wallet from Coinbase prior to the Aug 1st or not really needed?
2nd, is this Aug 1st situation going to kill the value of Bitcoin?
We should be prepared for the transition, and there is a very important thing we must do. We have to put the whole bitcoin on the web wallet about the hardware wallet. That is the way we ensure our safety and our rights. Coinbase is a terrible wallet. |
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We all know that Bitcoin is also popular to criminals because they can use it without exposing their identity. It will be more convenient to them to use Bitcoin so that they can hide their identity. Do you think that terrorist groups like ISIS use it for their transactions?
It's perfectly possible, there is not anything to ensure that it will not happen. A few months ago, I read an article, and it said that IS used it to buy weapons of war. It is clear evidence, bitcoin is being exploited, and there is no way to prevent it. Perhaps we should accept the truth. |
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Many more countries will jump into bitcoin train in near future and this one is just a start. Those people who still claims bitcoin as ponzi will regret later. Third world countries still don't have any reliable bitcoin exchange platform, when they will have some people will rush into bitcoin to remain in safe side from possible inflation of their fiat currencies.
They do not jump in, they are just good for their country, using bitcoin can be a way to develop the economy of that country. Bitcoin exchange platform, it seems like a strange term, but it would be very close if a country accepts bitcoin, and this platform only exists in countries that have accepted bitcoin. |
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I have been through their project, and I am enjoying it, I feel it is very potential, I am very impressed with the OP idea and his presentation. So, I'm involved in this project as a manager. And we are all waiting for the talented developers for this project. Anyone interested in this project, please join us here or discuss with us. I clicked the link to bnktothefuture but did not see your project there. As you are project manager I wish you success. Please give your views on why people should invest in any pre-mined project and why they should invest in this one over so many others that have been announced. Thank you. Sorry, it's my mistake, you can click it again. Now, This project has just started, we do not have much about it. We are looking for talented people to develop our project. If you are interested in this project, and you have the ability to contribute to it. Join us. |
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I have been through their project, and I am enjoying it, I feel it is very potential, I am very impressed with the OP idea and his presentation. So, I'm involved in this project as a manager. And we are all waiting for the talented developers for this project. Anyone interested in this project, please join us here or discuss with us. |
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I spread bitcoin news to all my friends through posting post on facebook and twitter that I have. So many of my friends asked me about the bitcoin. Sometimes there are also interested in this bitcoin. Every day I post about facebook bitcoin and twitter.
It would be better if bitcoin was promoted on technology forums, it was a digital product, a product of technology, only technology lovers or new entrepreneurs interested in it, because So, social media campaigns on forums are a good way to advertise bitcoin. |
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Another thing is that Ethereum has had almost no major exposure to the ordinary, middle class folks. Sure people know about bitcoin, but Ethereum could use the PR work Bitcoin has done and do a leapfrog. I would imagine ETH going to 500+ with the coverage BTC is getting. FOMO is another thing too
ETH can be more powerful than bitcoin, but it's not powerful enough and the potential for government recognition is still a fledgling currency. Its development is like all other altcoins, its value is not stable. If it wants to compete with bitcoin, it's still not powerful enough. It takes more time. |
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https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities. This just shows that as bitcoin develops both advantages and disadvantages will tag along. The existence of bitcoin is not dependent on crime. Bitcoin grows up for everyone, criminals are just bitcoin exploiters, they use bitcoin for bad. Bitcoin is also a victim, it's not the cause. |
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That day when bitcoin hits 50.000, and this topic wil be replied and honored
I wouldn't jump to such conclusions  , Bitcoin will hit $100000 per 1 BTC, its only matter of time, nothing else. Its easy to make such predictions because you are always at least 50% right without specifying time frame. Anyway, good topic to use your imagination. You have the right to dream, and try to work to achieve that dream, but, if you want to make a dream, it must be practical. With bitcoin, a virtual currency, although it is accepted by many countries, it can not pass the cash, its value is suppressed. |
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I trust no one, but I donīt think it's a matter of trust either, itīs a matter of proposals and to know which is the correct one to go ahead. In this aspect Core has an advantage, they are the developers and they are supposed to be the ones who know what they are doing.
Do you think the core can solve the current difficulties? I think no, me and you, and many others, we used to trust them, but what they give us is disappointment. They just want to protect their interests, and they force us to pay a premium for all transactions, but even transactions are not confirmed. so sad! |
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I do agree bitcoin is being accepeted in different countries and soon it will be legal in almost every part of the world. Though Bitcoin have great potential, I don't think it will overtake banks and other national currency. Government always wants centralization which contradict bitcoins nature. Probably bitcoin is best as alternative to fiat currency.
In terms of investment. It is always best to diversify. Do not put all your egg in one basket. This is what successful invetors say.
Of course, though bitcoin really grows, it's always dependency and cash, moreover, the government will control it, they will never let bitcoin out of their control. The government always promotes their currency, a virtual currency that is never allowed to grow over their currencies. They only use bitcoin as a means to develop their economy. |
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So I have just heard that the pump or rise in bitcoin value was due to the recent Ransomware attack. And after the recent drop, it makes sense too, I mean the price went up considerably as the demand of bitcoin went up, and now probably they are cashing in their rewards and hence the value is going down.
What do you think?
There is a huge possibility that the cause of the falling value was the ransomware group who sold all their bitcoins. But let be realistic and be true to ourselves that the cause of the price meltdown was the dumping of coins by many bitcoin holders who wanted profit from it. This is now the trend in the market the bitcoin holders will buy and hold their coins and finally if they find an opportunity they will sell it thus causing others to panic and sell their bitcoins and it will end up to a massive corrosion of bitcoins value. But there is a wall or limit for these dumps and that is the 2000$ value. The fall will not go down 2000$. No, the value of bitcoin reduction does not relate to hackers who own large amounts of bitcoin in wanacry. Bitcoin discount is a necessity, developers have adjusted the value of bitcoin to control its outbreak. At present, bitcoin has entered a stable period, we can rest assured. |
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Nearly $4 billion has been wiped off of the value of bitcoin in the past four days after a correction that has seen the cryptocurrency's price fall almost 19 percent from its recent record high.
On May 24, bitcoin hit an all-time high of $2.791.69. But on Monday, the digital currency was trading at an intra-day high of $2,267.73, marking a more than $520 drop or 18.7 percent decline since the record high, according to data from CoinDesk.
"The correction was actually quite brief, the prices today are still higher than that of a week ago," Bobby Lee, CEO of BTCC, a major bitcoin exchange, told CNBC by phone.
"I think the pullback was just a profit taking, a correction from the skyrocketing prices of last week."
Bitcoin's market cap fell from $40.49 billion on Thursday to around $37.08 billion on Monday, a roughly $3.4 billion decline in value.
Last week, Nicola Duke, a technical analyst at analysis platform Forex Analytix, told CNBC that $2,800 could mark a level of resistance where bitcoin pulls back. The analysis appeared to be correct with bitcoin reaching within $9 of the price before falling to the lower levels on Monday.
BAM! Now letīs go back up!
Technically, the bitcoin value adjustment is extremely necessary, and it is very reasonable, due to the fact that the process of legalization has made the demand for bitcoin increase rapidly, while the market is not sufficient to supply. The value of the bitcoin increase rapidly, causing developers to worry about its development, and they are forced to adjust the market. |
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will you remain scared or will you buy this time?
This is an excellent challenge for those who are still afraid to buy bitcoins Well I might not buying now because I'm waiting for salary by next week and then I'll try to get a piece more of Bitcoin. I'm buying and mining Alts coins which I sell for bitcoins so hopefully I could gather substantial enough by the end of the year. I don't buy because the price is low but I buy because I can profit and so if the price is low at the time I buy then all good else I will buy anyway no matter how small.
I bought alts, I'm making some investments and I hope that by the end of the year I can open my company in my country. Wish you luck, buy bitcoin is now a smart choice, we can see that bitcoin has a lot of advantages to develop, it is fully capable to reach high prices in the coming time. Its value will not increase rapidly, but it will increase steadily and slowly, a stable development of the king of virtual money. |
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Philippines. Get a beach house, or live in the city, or get a few acres of land ... Put a wall around it. Hire security or bodyguards. When you have kids, hire a nanny for each. Send them to private schools. Cash out in 2 or 3 major exchanges, or make it a daily routine to sell to locals. But, don't do drugs. A relatively large 3 to 5 bedroom, 2 or 3 car garage home, with a swimming pool, in a gated community will set you back about 10 to 20 million pesos, or 200k USD to 400k USD. *edit* at 53, expect to live to maybe 83 ? so that's 30 years. You better have at least 1000 BTC (at today's prices) if you want to be comfortable without too much additional work. Get a token job for income tax purposes, but usually the government will leave you alone if you blend in. That's 3 BTC per month for 30 years, more or less. Don't exceed that budget. You wouldn't unless you do something stupid. Just be smart about it. As a foreigner, you might spend more on local food (coconuts?) but just tip the waiters an extra 10~15% and you will get excellent service most of the time. All gas stations are full-service, by the way. You can't gas the car yourself, they won't let you. Hire a chauffeur / driver for $300 USD per month. Double that amount if he acts as armed bodyguard. Guys, i made a small fortune in altcoin/bitcoin. In which country should i settle ?
I have no wife, no kids, just a girlfriend, iīm free to go wherever i want (sheīll go with me).
But it has to be a bitcoin-friendly country.
I have no intention to buy lambos, just a peaceful life.
Thanks.
I agree with you that living in the Philippines is cheap and compared to the first world countries you can live your life in this country without spending too much. Even just your payouts from the signature campaign can already feed you three times a day and can pay your rent in a boarding house. As long as you stay simple Philippines is the best choice. Although living conditions are good here, low spending and friendly bitcoin, the country is no longer peaceful. They are facing the risk of war, recently they have been terrorized, which makes their country no longer a safe country, this country should not be proposed. |
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No matter what the price of Bitcoin, everyone keep trying at buying a little bit and adding to the total until the achievement of 1 Bitcoin is a possibility.
The value of a coin is not a factor in assessing its future; look at the needs of the market; presently, bitcoin has been accepted by many countries and will be more. This confirms the need to use bitcoin of the pupil will increase, while the number of bitcoin in the world is not enough to meet everyone's needs, so its value will increase even higher. That is why people buy bitcoin whether it is of great value |
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if we assume the fee situation doesn't improve, and it may never, how many coins are stuck in addresses that can't even fund their own movement? it must be adding up to quite a significant number by now.
No, with the current charge, any transaction is processed, it may be slow, but it never gets stuck. To be honest, I feel it is causing a waste for all of us. And if no resolution, I think bitcoin will be eliminated. This situation will be solved. The more people use bitcoin, the faster this problem will be solved. Bitcoin has already become very important for many. I am sure that the decision will soon be made
You are wrong, look at the past, when bitcoin is not popular, the transaction is confirmed only after a few minutes, but with the current situation, there are too many transactions every day, bitcoin becomes overloaded, So, too many users will make the bitcoin become slow. |
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The future of bitcoin can not be fixed yet, because it has not been authorized by governments in various countries as a means of conventional currency exchange.
Thanks
Actually, bitcoin can operate without government approval, my country is an example, independent bitcoin, we do not need government approval, nor do they have Any restriction to bitcoin. And I think bitcoin can continue to work in my country as a coin. |
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I don't know if I will still alive 30 years later, but buying 1 bitcoin and keep it for 30 years is not bad idea. I am just in crypto world for 1 years and I see how bitcoin move for 500%. Maybe I can't buy 1 bitcoin because of the price is too high for me, and I think just buying 0.xx is very worth it if you plan to keep it for 30 years.
True, if you are a normal citizen, you have a small amount of capital, you can buy a bitcoin as a savings for the future, with the incremental bitcoin index like the present, profit you Obtained from bitcoin can be equivalent or faster than savings deposit at banks. But it is very difficult for bitcoin to last so long, it will need a lot of innovation. |
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how many country of the world now accept btc?  I do not remember this, but in recent times, Japan and Korea are the two countries that accept bitcoin. People in their own country really love bitcoin, their demand is very high, which is why the value of bitcoin suddenly increased dramatically. In addition, Russia is also preparing to receive bitcoin. |
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