Can the following problems be solved?
most of the following aren't even problems to be solved! - Bitcoin is not based on "underlying" for the transaction, the risk is high.
elaborate, this is too vague. - Bitcoin is very close to the possibility of money laundering and terrorism financing.
bitcoin is a tool, and tools are not close to anything. people use them for different purposes but that doesn't defined them. for example if i use a fork to scratch my ass that doesn't make forks as butt-scratchers, a fork is still a kitchenware! also as alyssa85 said the amount of usage for anything illegal is negligible when you compare it with how much fiat like US dollar is used for terrorism. - Bitcoin has no "best practice" and international standards to ensure the security and efficiency of the organization.
again bitcoin is a currency you are expecting things out of it that are not even related to a currency! - Bitcoin has no central entity as the subject of arrangement, no party is responsible.
that is the definition of a decentralized system. there is nobody in charge. there are a set of consensus rules that the whole network agrees upon and they all follow it and that makes it trustless and secure. - Bitcoin price is determined by the market depending on supply and demand
name any object that comes to your mind from a loaf of bread to an aircraft carrier, price of all of them is determine based on supply and demand. - In Bitcoin there is no consumer protection.
repetition of the same thing as above. |
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Just about decentralizing content: now you can make videos and have people watching then, you can make money, marketing , and all these sorts of thing without being on TV. Youtube is established.
With Bitcoin you can trade without a bank. Bitcoin is not established as yt is.
youtube is completely centralized! it is controlled by a company (Google) and they control and own your content even if you created and shared them there. and they can close down your account and delete all your content if they see fit. a decentralized video sharing would be something like torrent where you have to actually share your content and nobody can block it because it is stored by multiple peers. |
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@Gozie51 is right. Nothing seems to imagine that bitcoin has reached 20000$ last year with or without too much positive news of adaptation, but more on hype and bullish optimism from each members with the help of whales eventually.
actually there was a lot of positive news last year specially during the rise to $20k in that last month of the year. mainly the mainstream adoption by CME and NASDAQ were the main reasons. but the problem was that above $10k there were not much of a friction so price easily slid upwards to $20k and also the bigger problem was that most of the money that was coming in was from newbies with the dream to become rich with bitcoin, obviously they were the first to run away and crash the bubbly price they created themselves. |
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it is interesting to see how the media changes their whole articles trend with bitcoin trend. before it was all doomsday scenarios and everyone was talking about bubbles and such things. now that the first leg up of the rise showed itself on the charts the media is starting to change their articles into more of a bullish news. in past couple of days i have seen at least 2 dozen articles speculating prices above $100k for bitcoin in near future! There are respectful technical analysts who predict lower bottons, at around $4000, before Bitcoin goes up again to these values that people are expecting.
sorry to disappoint you but nobody is expecting $4000 for bitcoin except you  |
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the thing about bitcoin is that it is already not anonymous but at the same time if someone wanted to remain anonymous they will remain anonymous. in other words things like "de-anonymizing", "blockchain analysis",... are not going to work for those who wanted to remain anonymous. it can certainly work for regular users but again why would anyone want to track regular users and see what they are doing?
also lets not forget that those who want to really stay anonymous like those doing something illegal are doing it with cash or some of them with real anon coins like Monero.
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things aren't as drastic as the media has been portraying it.
first of all the price won't drop as big or as hard as before because it has already dropped nearly 70% and there is no more room for it to be pushed down. so even if we see a drop it will be smaller and slower.
this brings the second point which is the fact that miners aren't going to leave overnight. there may be a small drop in hashrate as some of them go and that doesn't affect anything at all. and quickly afterwards difficulty will adjust and the remaining miners will enjoy the same profit they were making.
it is also worth mentioning that not everyone is mining bitcoin to dump immediately at that time's market price to get the profit. many are mining to earn bitcoin and add it to their investment!
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it is not bitcoin creators, it is creator. it goes by the name "Satoshi Nakamoto" which may be a group of developers but unless you have some proof it is one person.
and i don't believe Satoshi is coming back. he went away for a reason and because of that reason he won't come back.
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You shouldn't base your predictions on history. For instance in the history of the world there were never any world wars, until there was one, and then another not long after.
Bitcoin might recover beyond its peak or it might not. You can't predict that! Previous crashes were from lower value, with less people involved. At some point it will have to stop growing or it will reach millions of dollars per coin.
true and not true at the same time. it is true that you shouldn't base your prediction on history but also when you are predicting you should know about the past and have that in mind. the whole idea of technical analysis is based on the "history" so saying you should use it at all is like saying TA is 100% bullshit. of course TA is not 100% correct either! as for the growth, it won't be unlimited but it will continue to rise until it reaches a balance between the demand and supply. for the time being the demand is rising so does the price. |
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Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?
Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.
If I remember correctly, it was just some study by one muslim scholar, so it's far from being "officially declared" for all muslims in the world. Some other scholars might even later declare it haram for some reasons. But regardless, I don't think that it will have any significant impact on Bitcoin's price, those muslims that wanted to buy Bitcoin earlier most likely did it regardless of its status and Bitcoin is also not that popular in arabic countries to make a big impact on Bitcoin's price, just like bans in some countries have almost no effect too. that is right, this was just an scholar publishing something. but bitcoin was never haram according to Islamic leaders and i have checked! Muslims have been investing in bitcoin long before this news came out... maybe someday as bitcoin gains more popularity some of the leaders release some official statements also but so far as i know there is nothing wrong with it to this day. |
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As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated?
being regulated or not being regulated has nothing to do with some rare cases of scam and fraud that involved bitcoin compared to all the rest of the legit usages of bitcoin that do exist out there. and you want the possibility of it happening? it is 100% because it has already happened in multiple countries such as Japan for instance! and there is nothing stopping it from happening in the rest of the world also. |
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how often do you check BTC price and how to cope with stress associated with this? I am checking it every few hours and it drives me crazy and makes me anxious. Is there anybody in a similar situation and how do you cope with this?
if you are anything like (the old) me then what you are doing means that you don't know what you are doing that is why you keep checking the price! otherwise if you know what you are doing, if you can speculate the market and make an educated decision and make logical moves based on that decision then you don't need to keep checking the price. for example if you analyzed the market and decided it is a good time to buy with the least risk and placed an order you won't have to endure stress. and with experience you should know what to do when that small chance of failure happened and you started losing money. |
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you don't need to, in fact you should not follow anyone but yourself! the only resources you need are charts and they are easily accessible on any exchange out there and also the news which is small thing but it is best to have at the back of your mind and that is also accessible using google even!
the thing about trading is that you either have the knowledge or experience or you should stay away. you can obtain it too but if you are actually trading not learning you should know it already. and to learn you should follow someone, you should first read how to trade from general sources like investopedia then watch the market for a while.
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Chinese government attitude towards bitcoin has not changed at all. they never opposed it or banned it or anything like that but at the same time they have always treated bitcoin a little harshly.
for example the crackdown on exchanges which was justifiable but also harsh at the same time since these Chinese exchanges were in fact shady.
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people can set up their own vendor station(market stall) and sell real goods that get delivered to real addresses, intreacting with others in a virtual environment
what about OpenBazzar? it is doing the same thing. people can set up their own "Bazzar" or marketplace and start selling anything they want and customers pay with bitcoin (and i think a couple of other altcoins were also added). |
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Like all markets, the digital currency market is close to correcting itself.
what about the past 4 months? i can agree that the whole altcoin market is not yet at the bottom and it needs a lot more correction to reach it but the correction started a long time ago and many coins like bitcoin and a lot of small altcoins with low volume have already reached their real bottoms and even much lower than that. As the market corrects it will be a time research, buy the dip, and hope your right.
that is not wise at all. two mistakes you are making here. the biggest one is hoping instead of analyzing. this is not a gambling game you hope for the best, you analyze and make the best decision and leave 1% to the chance! and the other mistake is that you are contradicting what you said above! if market is close to correcting then it is not at the bottom at all. and buying should take place at the bottom. I think due to bitcoins popularity it will survive,
bitcoin's survival or doom has nothing to do with its popularity. the popularity itself is a product of utility of bitcoin. So far Ripple is on the right track,
Ripple is also a centralized shitcoin without any usage! ripple companies are testing the platform,
in other words banks that are interested in Ripple technology not Ripple token aka XRP! |
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I am seeing a brighter future here in crypto. I am seeing that for those who are believer we will all gonna become rich because of this, I see that the government will eventually adapt and support and will regulate this so it is really a one great opportunity for all of us.
The benchmark with which you measure how much a person believes in Bitcoin is the amount of money he is willing to put down to back his beliefs. A lot of people saw the potential of Bitcoin in 2012, but didn’t invest enough money in it. The future may be bright, but you should have the foresight to take advantage of it. not a good way to measure things in my opinion. maybe someone is super rich and invests a lot of money in bitcoin but he may not have any faith in bitcoin or doesn't even know what bitcoin is, he may just be interested in the possible profit! on the other hand someone with much better understanding of bitcoin and a much deeper investment might not have enough money to put in it! |
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I suppose the malware can simply track whether you have wallet software installed and only then it would check the printer memory? I was reading an article yesterday. Apparently even the pass phrase is not save anymore since they can just take a screenshot of the screen.
yeah well if you have a keylogger they can simply notice and record every action you take such as keys you press on your keyboard, what you see on your screen, clicks of your mouse,... this is actually why air-gapped machines are used for generating your private keys and notion of cold storage exists https://en.bitcoin.it/wiki/Cold_storage |
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New money is not a one-time thing. New money is not just a paper. Old money closes soon, new money is already opened. Old money is stuck in the past, new money gets better and bigger every day. Old money is a number of people, new money is all people. Move over old money there is a new money. The Bitcoin is new world money.
Judging by your poetic approach in the subject, I think that you are pointing out that bitcoins will become the new money of this world or at least of any or a group of country. Am I right? Well, if that is what you are pointing out, then sorry to be the one to break this to you but it just cannot happen. You know why? Because bitcoins just don't have what it takes yet to become the new money of any country. Let alone this world. Plus the fact that the technologies of most of the countries cannot take this innovation yet, it just becomes even more impossible to happen. I do not want to rain on your parade nor do I hate bitcoins, I am just being realistic. Hope this wakes you up, good day op. We are very close to the big world changes, could you assume how the internet may change the world, now you can see the changes. BLOCKchain and cryptocurrency have a bigger potential and value, so.. there are too many people in the world who think like you but it's for now, it's just matter of time, someday people will think like me.. someday more people will believe in blockchain and cryptocurrency you started this with .... of "bitcoin"... then you are constantly talking about the technology aka the blockchain technology! these are not the same. bitcoin is great and it is continuing to grow. the blockchain technology is also great and will continue to grow. growth of these two is not directly related to each other. both can go ahead separately. and usually when it is talk of blockchain technology alone it means the centralized version by the government or banks which is the continuation of the "old money" you were mentioning in OP. |
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i certainly prefer hard copies over digital ones. it is so much safer to have it written on a paper or even better etched on a metal or even wood rather than digitally which can be stolen or damaged. (someone said be wary of printers)
this is a valid concern but also someone has to be looking for it in that temp memory to find it. imagine you see this written on a wall in the street: 0C28FCA386C7A227600B2FE50B7CAE11EC86D3BF1FBE471BE89827E19D72AA1D
it looks like random data and you may just pass it but in fact it is a private key and it may contain 1000 bitcoin! 5HueCGU8rMjxEXxiPuD5BDku4MkFqeZyd4dZ1jvhTVqvbTLvyTJ
so your malware, thief or whatever has to know you printed a private key, look for it in your printer's memory, dump that memory and find the private key and steal your coins. |
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i've got a feeling that they just changed their stance about bitcoin because it started rising. don't get me wrong i like hearing this kind of good news in the media as much as the other guy but i can't help but notice the big rise speculation coinciding with the rise! and the bad news about bans, hacks, drops,... coinciding with the drop...
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