If the bitcoins were lost and the circulating supply were scarce, then the law of supply and demand follows. The value of bitcoin of bitcoin depends on supply and demand, the lesser the supply (scarce), the higher the price. The bitcoin's rule is that the maximum mined bitcoin with a total of 21 million coin is fixed and in any circumstances that supply can not be change. There have been no actual inventory of bitcoin determining the actual quantity that actively circulated of the whole trading platform worldwide. Its market capitalization only tells the total mined bitcoin but the lost or inactive coin had not been accounted.
Yes price is totally depending on the demand and production as the demand increases and production get started the coin values starts to rise and as there are more vacant coin in here the price will automatically go down and going down is not loss it is chance to add some no into the wallet and after all this bitcoin gives pump to the prices as new people entered and that’s the working. |
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My journey started on Sep 21, from Boston to NYC, flight to Egypt then Turkey, back to Boston! Carrying $100 just in case and 3 bitcoins in my wallet! Fuck If I will ever carry credit card, or cash any more: 1- I used Localbitcoins for cash! Search for best local currency rate! 2- How much I save from credit card fees and Fiat exchanges: $305.
3- Is it save to deal with Localbitcoins in person overseas? Yes, so amazing nice guys, you are making friends  You should try it! & $100 stayed with me! and I spent less than 1.9 btc in both countries!!! from your story i have an idea to make a travel agent that will make a traveling package to country that accept bitcoin, so people just bring their bitcoin and traveling That the wonderful kind of idea travel agency that accept bitcoin, believe me the one who will take initiative to this sort of business more likely he will progress in days and his company will be known as multinational and also attracts international users to it so take initiative and earn as much as you can and they earn profit, set a trend get the followers the will do same. |
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I know a lot of people have different reason why the love and embrace bitcoin.
For me the decentralized nature of bitcoin and the thought of being able to send coins to anybody in any part of the word, no third party, no regulation(specific amount), no bullshit is mind blowing.
What impresses me about Bitcoin is the fact that it cannot be controlled or regulated by anybody or even the governments. It can also be converted to fiat money and a lot of merchants worldwide accept Bitcoin as a form of payment. Another thing is it's value, popularity, support, transparency and adoption. I love Bitcoin because of these characteristics. It is also the best investment because it is very volatile. Bitcoin could also possibly change peoples fortune unlike fiat money which is easy to spend but harder to earn and because everytime we use our physical money taxes are automatically applied so for me Bitcoin is the best and it impresses me the most. The thing that impresses be about bitcoin is that it is not confined to any region it is neutral to all the region it bless everyone equally regardless to the region and second thing is the profit giving nature of this, bitcoin blesses people surely and there is no loss in this field unless the investor do some stupid thing and the main thing is bitcoin never let down his investors. |
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With online wallet I think Coinbase is a good one. Don't use Xapo wallet cause you will have to pay too much fee, both deposit and withdrawal fee so when someone send you small amount of Bitcoin about 0.0001 - 0.0003 you will not receive anything, it's just enough to pay the deposit fee. Beside if you wanna use offline wallet you should try Electrum, with Electrum there are some option for you to choose for example two-authentication wallet, multi-signature wallet,....and with Electrum you can set up the amount you wanna pay for transaction fee, it's very convinient but when you use Electrum two-authentication wallet you will have to pay additional fee for the secure level.
Coinbase has more advantages as compared to any other online wallets it security protocols are unbreakable and the transaction fees of this wallet are also low as compared to other coin wallet, think sensibly before making choice for the wallet and see your requirement if fulfilled then add coins into it, beware of scammers and thieves out their they can take all your coins so choose wisely. |
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Do we still need to pay income tax if we earn through trading/investing in Bitcoin or Altcoins??  This is a good question though. I do not know if we are paying taxes with our gain in trading cryptos. But I think it has. I think the transaction fees that they are charging to us, one of the content of that TX is tax. Because if these trading is not paying taxes, for sure the Government won't allow this one. Yes transaction fees are kind of tax in trading in bitcoin and if the bitcoin system is implemented on root level tax paying will be more easy online clicks will pay the tax and there is no need to go to the taxation office for the receipts and this will also gave ease to the government this will create a large revenue, on the other hand it will give benefit to e government as well. |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
we have hard wallet here for the safety of your bitcoin but the only problem is the volatile price you can rely for the security to save your money here but the problem is the volatile price of bitcoin here in philippines we have exchanger of bitcoin to our own try to search in your country if you have like that Those who are taking volatile price as a problem are not strategic if the price of bitcoin is marked as fixed no one will invest because profit comes due to decentralization and if this thing has gone there will be no difference in bitcoin and cash money and security protocols are design in good way nobody will touch other money so be confident and put money into it and enjoy in future, |
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i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
Government of any country or state will never accept bitcoin as a main or national currency because of the following reasons. 1) Bitcoin is decentralized having no central authority to control it, government will never allow a currency which is not in their supervision and control. 2) Transactions are anonymous and it will be difficult or impossible for government to check the transaction details of anyone. 3) Taxation issue. It will be difficult to collect taxes from the users over the network. There will be a relief for the people if government adopt bitcoin as the main coin because it is the most valuable coin of the time and there is a lot of room to earn more profit as compare to the coin of that country and another thing manual taxation system has flaws and there would be an ease to collect the tax online on single click this will give a freedom to user as well as to government. |
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I want to know and take some advices from you guys because I have no idea and I dont want to do mistake. This time things looks serious and I have fears for the Bitcoin. What are you guys going to do in nexth weeks?
personally i will holding my bitcoin no matter if the fork is come because if i sell it, i don't make a good profit and only hold is the best for me. if you buy at the high price and you think that the price is going down then maybe you can sell it otherwise you can follow to hold your bitcoin. we have seen this before and after the fork, the price will back to increase and maybe it will reach more higher than before. but it is up to you, if you are not sure, then you can hold it. There is no other better way of making way of getting the maximum profit than holding your bitcoins. This November will definitely bring a lot of good news for all of us. We just need to remain patient by that time. Secondly, try to buy more bitcoins right now as the market prices are not that much now a days and it will help you earn handsome amount of money later on. |
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Before trading, a huge amounts of knowledge about difference currency is needed. If one cannot have any idea of currency he/she can not trading. The rate of currency and exchangers is very important for trading.
Having a good amount of knowledge about the things related to different coins present in the world of crypto currency is very much necessary before even thinking of trading. I’ll suggest to go with small amount of investment in the beginning and learn the things well. After enough learning and experience, add more amount of money in your previous investment. |
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It's been 2 years since the topic was created, but bitcoin has not died, but is still alive and developing very well, bringing good profits to its owners. You just have to believe in it.
Lol, you would not blame anyone since they just needed to express their concerns at that particular point in time. The main reason I fell in love with this forum is the fact that newbie can easily gain confidence from the past threads and posts judging with now, and seeing how far we have been coming. Bitcoin has been declared dead so many times on this forum, but I guess the result is glaring enough for anyone to see. This forum is no doubt the best thing not only for the newbies but for the ones who are trading to come and see the discussion going on over here. I can hardly find any reason to say this thing that there is even any chance of bitcoin to be dead even in the coming days. Bitcoin is making its very good name in the world of international market and will never lose its reputation. |
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I thought that there was an instantaneous decrease in ethereum with bitcoin.and after these events I thought of as a momentary decrease, I got 50 ethereum from 260 dollars. I can not decide what to do with certain levels. Of course, it is not right to make sales like this.my mind came up with the idea of joining an ico or a going ico . I thought maybe I could save the damage in this way, but I'm not quite sure. what should i do? Should not I?I've been loss since the day. I do not want to loss any more, but I can not find a solution. I am delighted to share your ideas in this regard.
Hi, I think you're right that it would be better if you will use your ETH to invest in different ICOs just make sure that it has the potential on growing or make sure that it is profitable and i do know that you know that you should study first the timeline of there ICOs before Investing. Goodluck. Everyone has his own way of looking up at the things. I consider if ETH to be the good choice but actually it is not that much good choice as it seems to be. ETH is only good for day trading and that’s all. You can never rely on ETH if you are planning for long term investment or even holding. Go for ETH only when you are good at day trading and only then it will help you earn a good amount of profit. |
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I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do? Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624 Nobody can holding 800 Bitcoin for long term Or i should say longest are you sure you buy it on August 2010 and still holding it?. Anyways Which loan you're taking about here .You mean taking loan from banks and converting them to bitcoins. Since bitcoin price is not stable and there are a lot of other factors which makes the loan btc option a bad one if the things don't go as expected in terms of price of bitcoins. Loan is no doubt a very risky thing and one should avoid it until and unless it becomes very much essential for him to take loan. I believe that if you have some solid kind of plan in your mind and you are sure that things will be in very much favor of you, only then you should opt for taking loan. Otherwise it can have a very negative effect on you and you can suffer a lot. |
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If you have mined a lot bitcoins then you have hold them for sometime and sell it when the value reach to your target. If you couldn't manage your current consumption charges just pay them and hold the balance coins for some time to get decent profit.
This is something which depends on the skillset of the person who owns the bitcoins. For me, all of them are equally profit and one can get a very handsome amount of profit by dealing with either of them. I am in very much favor of saving and holding of bitcoins for quite a long time. This will keep on increasing the market price of bitcoin and you’ll be able to get more profit in return. |
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dude, it is totally fine
as long as you keep it and think about the value it can be in 2years
it is definatley worth it.
This is for long term holding. If you continue to chase the bitcoin price, its a tiring moment and very stressful. Adding that if you are monitoring it everyday. My advise, bought at rice you wanted and hold. Just relaxed, do something the work you love. You might get surpised that one day bitcoin has a higher value. These words will be come out from the traders mouth. It's amable to here from the general forum member. Like wise everyone I will also use to handle the bitcoin in right way. I simply save my bitcoin in my wallet itself. Keep monitering the price value and sell it out when you needs combines with the bump time. That's the common plan of majority of the users who keep track of the price moves and cash it out when the price pumping takes place. With bitcoin one needs to have patience as well good time need to be spent periodically if profiting is required in less time. If the profiting is expected long term, just keep it secure and leave it. Yes there is strong factor that measure the success and loss. These are people are getting sad over bitcoins and they said that bitcoins make them tired, they are only just giving up. You have to be more careful and be patient in your decisions. You can’t just rely on your luck and then after you are just crying over spilt milk. No, make wise decisions so the results would be. You will be only hearing such kind of things from the ones who are not that much interested in bitcoin themselves and now they are complaining this thing that it is all and all the fault of bitcoin. Actually it is not the case. There are so many living examples who are very much happy and earning a very good amount of money by investing in bitcoin. You need to accept your mistake instead of blaming someone else. |
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Bitcoin has been making lots of investor rich, and many can see it. So I think investing in bitcoin will never be a waste. I'm also trying to invest in bitcoins, hoping that I too will make a good profit.
You can very easily make a good amount of profit just like so many others as well. The only thing you need to have in your mind is sound knowledge about the things for better decision making. As far as Bitcoin as an investment is concerned, there is hardly any reason to deny this fact that Bitcoin is actually a very good investment. |
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I am in third world country and bitcoin give our community a big help. Bitcoin it gives income for those people who are unemployed. Bitcoin give us opportunity to earn money for our living.
indeed bitcoin provides such a great service for people who understand how to get it, and maybe people who do not know how to get it yes remain confused as to how Bitcoin is such a wonderful thing that it is not only helping the ones who are able to invest in Bitcoins to earn a good amount of profit. But it is providing a very good opportunity to all those who are unemployed and they have no other source of income to earn a good amount of money in order to live a better life. Bitcoin is no doubt helping this community in a wonderful way. |
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Nothing is impossible in this world, bitcoin prices may go down or rise in the future. It is very difficult for people to predict the bitcoin whose prices are fluctuating. But with that there is so many people interested to invest on bitcoin. This proves that fluctuating value does not make investors to not investing bitcoin but increases the enthusiasm of investors to invest
It all depends on the demand of Bitcoin. If the demand will increase, then the market price will definitely increase as well. On the other hand if the demand is not that much, then we’ll be noticing a little decrease in the prices. I personally think that the demand of Bitcoin will keep on increasing as more people will be knowing about Bitcoin, thus resulting in increase in market price of Bitcoin. |
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As you have correctly informed, most countries are in full control of their own monetary policies and financial systems and the decentraliced bitcoin system can't take on the law and enforcement authorities and they determine the economy of a country.
It all depends on the financial policies of that country. I think it is not possible for Bitcoin to do any such thing at present. The reason being none of the country has announced Bitcoin to be legal in their country. So till the time this Bitcoin and other crypto currencies will not be legalized, I think we can’t expect any such thing to happen. |
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Then we will see all school kids will skip class and go for pokeman hunting for their next movie ticket. It is not a good idea to be honest.
If this will happen then there will people on the roads running behind bitcoins no one will be in office, school or college. This is a great idea but it will cause a lot of problem for the community although there in not that much effect but if this will happen there will be more profit because of demands and this will be the time of golden coin. |
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Destroy bitcoin= destroy the internet and humans who use the internet
Is that going to happen?
BTC price is 4200 now who needs China
Yes now the game of china is over bitcoin has proved its worth again and tell the world that bitcoin is not dependent on any region and the destroy of bitcoin is impossible in this era where everyone is using it and this cannot be possible to destroy such a strong coin of era those who had tried to do so are now the investors of bitcoin. |
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