in the future, will there really be a need for fiat currency? Government can collect taxes in crypto, determine how to allocate it, and spend it in crypto. Ppl can receive salaries and do all commerce using crypto. Loans can be done in crypto. Fundraising can be in crypto. Sure, problems have to be worked out in terms of scalability, does it have to be completely decentralized, etc, the value has to become more stable. But theoretically, is there any reason to have fiat in the future?
It has been established that governments can now do taxation without representation by printing more money (which is a tax on everyone holding the currency), instead of trying to get a bill passed that allows it to increase the tax rate. With crypto this would be no more. All increased taxation would have to pass a vote.
From an economic standpoint, the idea that a country can stimulate its economy by adjusting interest rates is tenuous. There is just as strong an argument that lowering interest rates has caused speculation and bubbles, with calamitous results. In a crypto market economy, capital will flow from where it is needed less to where it is needed more.
Fiat currency will always be important in the world. It still shows that it is a reliable and tight system, although still a bit bad. But it will always be important to the world. Bitcoin will develop based on these weaknesses and it can coexist with paper money. Add to those shortcomings and help people make more choices in how to trade and manage their assets. |
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No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.
Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.
I think most banks will fight Bitcoin if they can. Some may find ways to adapt rather than resist. But most will do that. Bitcoins can perform direct trades instead of intermediaries. That saves both time and costs. What Bitcoin saves to the user is actually what the bank does not do. And they must keep their resources by fighting it. |
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Most of altcoins are down with this market. So many experts and news say BITCOIN will go up in this year end. I think if Bitcoin goes up, other alternative coins are going up. So is my point true, What are the best coins to buy with this low prices.. Or Isn't this the time for buy coins?
I think some altcoins are worth investing if you want to earn high profits coming. Euthereum and Litecoins. They are both very potential and are currently not high priced to buy. They are likely to rise again over the next few months. This is no better time for you to invest in these 2 altcoins. |
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We can not deny the big country with good economy, it will make the society economy better too. So they can follow the economic development and participate in transactions and investments in Bitcoin era. How the people of small countries can participate in participation and benefit from it? It would be very difficult to calculate the statistics of users of each country, but the comparison of Bitcoin ATM growth from this early 2017 report can be the initial reference of the statistics. Perhaps by the end of this year, there will be more Bitcoin ATM growth across the board due to the growing interest in bitcoin this year.  I think most Bitcoin users come from countries with good economies because they have the opportunity to access and use new technology. It is clear that with a good infrastructure and a wide variety of markets, the land that exists for Bitcoin is vast. And with the open economy they can be more secure in using Bitcoin than in other developing economies. |
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After the gloomy days of the BTC in 2018. Some of my friends have left the market because of losses. When entering the market, people need to take risks. From my friends, I think some of the following will benefit you living in this market:
Psychological control
Questions you should ask
You buy hold coin or you transaction?
These are the two most commonly used methods. However, buying and keeping a coin is the method that suits most people. This is a very simple, fast way of making good money in the top 20, like litecoin, bitcoin, ethereum. Ripple, store somewhere, do not read the news, do not worry about the transaction or the predictions the coin will die of the media. After a few years, they pulled out and sold.
In case you want to trade, the story is quite different, you need to buy on sale. And very simple rules, buy low sell high. As you know it is easier said than done.
Do you have money to invest?
If you do not have a lot of money, start with a small amount of money. Do not use debit card, plug the house. Plug the money into the market. The more likely you will be burnt bags. Only invest the money you have lost.
Although Bitcoin is standing at $ 3,000, altcoins are slipping but I do not think I will leave the crypto market. I'm not too optimistic to say that they will soon return to a more attractive price than what people are seeing. I choose to keep. To me it is a decisive decision to be able to obtain high profit coming. |
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Bitcoin is now at about 6k$...
I bought tons of bitcoin when the price was at 3k$ and then sold at about 17k$, I made profits then, but now I don't think that the price can go up again...
Will it?
I do not think everything is so bad. It will soon rise again and you should keep the number of Bitcoins there. Keeping them right now is a good decision and high profits in the near future are quite possible. |
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By the end of 2017, Bitcoin hits $20,000. In the beginning of 2018, the market is always dowtrend and seriously reduced, the price of BTC is only half or less than half of the peak of last year. But I have always been hoping for this market, by the smart solution that it brings, staying focused on technology and trust, I will continue to hold even though the asset has evaporated 40% compare to from the beginning 2018. What about you?, Have you confidence in the market you join? How much you lost?
If you have strong finances, invest in Bitcoin. It shows that it can do many things in the future and it is still growing now. Or if you want to profit from it is not bad. Bitcoin is expected to increase prices this year and this can be very reliable. |
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Looking at the current market, many people are disappointed in the market price, bitcoin prices stomping at the $ 7000 level, altcoin prices are falling deeply. Recent good news, however, shows that the market continues to grow and has great potential in the future. What would you do this time: Buy bitcoin, buy altcoin or do nothing?
I still keep Bitcoin when its price is not as current. I have heard of Bitcoin price fluctuations this year. It can increase very high and this makes me more patient. With the altcoins, I am buying more Euthereum and Litecoins. This potential Altcoins can be highly profitable coming. |
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The risk in the virtual currency market is the risk of losing some or all of its capital when the investor performs the investment or virtual currency transaction. Identify the risks before conducting a transaction, helping them to know the specific loss rate in each case of investment will be how to, minimum and maximum how to decide the scale of investment, the first time investment, time of investment completion, and other relevant factors.
With clear investment strategies, we can manage the risks. With more prevention options, the more risk we can manage when investing. But no matter how hard we try, we can not completely eliminate the risk in the investment and be prepared for the failure. But that is what we always face when we want to invest. Do not let it stop you.
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Hello all. The current situation of the market is not so good. I believe that some of you are panic, some are giving up, some holding to die.  Could you please share with us your current investment strategy so that everybody can learn from your good practices and overcome this tough time?  I will buy more altcoins because of the price it is dropping. Euthereum and Litecoins are the electronic currencies I will invest in. With Bitcoin, I keep deciding to keep it and wait for the time to increase it. I do not think this is the right time for me to invest in Bitcoin. Currently on the market I will prioritize the altcoins more. |
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It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.
Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.
Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.
Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.
Bitcoin is a part of digital money. How is digital money is your country ??
I have another thought. Electronic money can grow and coexist with the cash in this society without forcing any disappearance from one side. It can complement each other very well. Bitcoin can change your thinking about asset management and trading habits by saving time and money. |
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Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.
I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way
Everything has two sides of it . Whether to keep Bitcoin long does not exactly reflect it is a good way to make a profit. It also depends on the time and strategy to observe your market. If you keep Bitcoin too long while it is rising and earning you double the amount you should sell instead of waiting for a higher price without seeing any signs. |
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Hello i am newbie here and i am newly trader can someone give some information which exchange is the best for buying altcoins ?
If you've gotten to know about the altcoins and want to start trading, Binance may be able to help you. I was introduced to the site by a friend when trading Euthereum two years ago. Later on I learned a few more sites. Kucoin is also a good site. Bittrex is a new web site I recently used abt81 to trade Litecoins and really it's very good for me. Bitfinex or Cryptopia is also an option if you want to try it out. |
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Why is Bitcoin tied to Fiat? Why is Bitcoin value moving like a stock? satoshi said the value will be derived by the limit of total coins. But we are seeing the opposite. Why dont we mathematically calculate the value of bitcoin according to the amount of bitcoin mined?
Like
Agreed Value * Bitcoins Mined = New Value
0.0010 * 1 = 0.0010
0.0010 * 2 = 0.0020
It is not possible immediately for Bitcoin to replace the currency - a system of economic flows that goes through a long period of time. It has grown and increasingly linked, increasingly sustainable. People are more likely to approach it than Bitcoin because it's physical and not technology-dependent. However, Bitcoin can exist in parallel and support the currency. |
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Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.
Is it possible that bitcoin will be obsolete in the future?
It will be outdated but not at this time. It is now considered to be an invention for the latter. New trading methods, new asset management, and new business calculations have the potential to be deployed. Then, there may be another form of payment to replace Bitcoin so that the quality of life becomes higher. |
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why the state does not print a lot of money? than debt to other countries. is not it easier to make money than debt and ultimately burdens the state?
whether if printing money will have an impact on the money itself? or will it impact the value of the money in the eyes of the world?
It would be terrible if countries printed a lot of money innocently. Value for money goes down against other currencies in the world. Commodity prices are high and quality of life is getting worse compared to before it happened. It almost destroyed the entire economy of that country. Politics will be more turbulent than ever and probably no country will do that now. |
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Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
It may take quite a long time for the world to accept electronic money widely. I do not say it is not possible but it will take quite some time. Developed countries will be the place where crypto needs to demonstrate its ability further to ensure it has a larger development focus. If it succeeds in these markets, developing countries will soon become familiar with it. |
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I was questioned on crypto currencies legalization. I explained the facts happening around. Few received it with convincing reactions and few just ignored it. I really felt bad for the guys who did not care about crypto currencies as I really know the fruitfulness? I happily taught few others about crypto currencies. What was your friends expression when you introduced bitcoin to them?
Not many of my friends really care about the possibilities crypto can do in the future. They like to watch the price fluctuations of the crypto and make the most profit possible. To them it's just a no investment. Before Bitcoin reached its peak, it was time for me to hear them talk about crypto the most. Now almost no more. |
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I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?
I think the problem with people not participating in e-money is that they do not really hold it as paper money and that probably makes them suspicious. In addition, they only really see it as a short-term investment or a long-term investment instead of a new tool in the future. They are afraid that they will not get high profits or even lose money when the price of the crypto prestige is quite high. |
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Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
If the government prohibits Bitcoin, you can change the ip to access the Bitcoin web sites abroad. You can trade your Bitcoin number for money or continue investing in it. However, in developed countries it is difficult to have a ban on Bitcoin. It is as a potential new market and an opportunity for the future of a new way of trading and storing assets. |
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