I love bitcoin because its the crypto currency and its the king of the crypto.
It hasa lot of use cases.
I can exchange it to any other crypto.
Why do you love Bitcoin?
Why are you interested?
There are many reasons to love Bitcoin, the most important being that Bitcoin allows you to stay anonymous. You don’t even have to enter your name or credit card details, which mean there is not risk of your credit card being stolen. Paying through Bitcoin has very low transaction fees as there are no intermediaries involved and receiving Bitcoins is completely free. Also, Bitcoin has more acceptability because of its popularity. |
|
|
|
|
NO, Bitcoin can never DIE because of China. Yes, china’s ban on Bitcoin is having a huge impact on Bitcoin; we can see that, primarily because China was the largest contributor to the crypto world and was home to more than 70% of the miners. But, Bitcoin cannot die because of this. It is so because, other countries are not banning it and many investors have strong faith in Bitcoin. So, when more countries will increase their utilization of cryptocurrencies, then china will understand what it is missing in terms of opportunities.
|
|
|
|
|
Paying with Bitcoin is quite easy as you just need to have a Bitcoin wallet on your smart phone, add some Bitcoins to your wallet, then to make payment, enter the amount to be paid, address of the receiver, and then press the send button. So you see, it’s so easy, except that it takes a long time to get the transactions confirmed. So you have to wait a little!
|
|
|
|
|
Hardfork refers to a software change, which is not compatible with the older versions of the software. So, all the participants have to upgrade their softwares for participating in new transactions. If someone does not upgrade his softwares, he will separate from the blockchain network.
Softfork refers to that software upgrade which is compatible with the older versions. So if a participant does not upgrade his software, he will still be able to verify the transactions.
|
|
|
|
|
Bitcoin is a peer-to-peer currency that allows you to make instant payments to anyone in the WORLD. Receiving Bitcoins is totally free and the fee for sending Bitcoins is same irrespective of the amount of Bitcoins. Also, there is no credit card number which carries the risk of being stolen. You don’t even have to reveal your identity to make or receive payments. These are some of the impressive features of Bitcoins.
|
|
|
|
|
It entirely depends upon you. Holding or trading, both have their own advantages and disadvantages. In my opinion if you are new to Bitcoin or a person who does not invest much, then you should buy Bitcoins, keep them for some months, and then sold it at a profit. Trading in Bitcoins requires full knowledge about the currency and skills on how to make estimates and trade effectively without losing much.
|
|
|
|
|
NO, Bitcoin is not perfectly anonymous. It is pseudonymous. Bitcoin is usually described as an anonymous currency because you can conduct transactions in Bitcoin without providing any personal information. Blockchain, a decentralized public ledger, stores the address and the amount of Bitcoin, sent or received. So if your personal information or your identity is linked to your address, every transaction will be linked to you and your identity will be shown on the blockchain network.
|
|
|
|
|
Your question is same as asking why people steal? Every individual has basic needs and unlimited desires because this is a human nature. But not everyone is able to fulfill his/her own desires. Some people don’t have adequate amount of resources to do so. Therefore they resort to wrong methods for fulfilling their desires. Once, they scam and receive something big, scamming becomes their habit. To them scamming, without being caught becomes the easiest method of earning and this continues.
|
|
|
|
|
The price fluctuations in Bitcoin are mainly due to the too much variance in the in the investors’ perceptions about Bitcoin as a store of value and method of value. The huge volatility in the price of Bitcoin makes it little unclear as a store of value as against other fiat currencies. Also, the rate of adoption of this currency is affected by bad news coming every day regarding the security breaches or the countries going against this currency.
|
|
|
|
|
It’s not like we really need Bitcoin because we can’t survive without it. But I guess change is the law of nature. There are so many innovations coming our way every day. We accept many of them. Now take the example of smart phones. Do we really need them? No, but still we have accepted it because of its amazing advantages. Then, why not this outstanding and unique innovation called Bitcoin? To add more, Bitcoin provides faster speed, transparency, anonymity and many more benefits which fiat currency does not provide.
|
|
|
|
I Just stumbled upon this new project launched by vishal gupta, Binex.trade. The website claims that it will share 70% trade commission with token owners on daily basis. They are selling 21 million bex token @ 1Dollar each. This looks like a interesting project simmilar to binance. The guy is an old timer in crypto space. Like opinion on this ICO.
This is great work done for the users. There is need to develop some new projects that encourage public to use and trade cryptocurrency. Such projects will definitely push Indian users to trade and earn Bitcoin. |
|
|
|
I see a lot of optimism about bitcoin, which is understandable seeing the price recently.
But I have to admit I'm a little worried about the long term future of btc.
The major problems if the currency still haven't been dealt with. I see 2 major ones:
-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make.
-The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable.
-And maybe others that I'm not aware of.
Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.
All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.
Though These are some serious problem we are facing toward the adoption of Bitcoin as payment mode but i don't think there is anything to worry about these stuff. Solution always come with problem. Lighting network will surely give some solutions to these problem and soon there will some way out for centralized mining problem. |
|
|
|
|
Btctalk name: SixofFive
Rank: Sr. Member
Current post count
PHR Address: PR4D8GppBwPiajB5T4eDMEN91gY1t8VfpL
Wear appropriate signature: yes
Wear avatar: yes
|
|
|
|
|
Zebpay has registered most no. of users among the any other Indian exchange in INDIA. Now even more coins has listed on Zebpay. But if Zebpay wants to become Binance of India, it has to launch more coins on it platforms and also more trading-pairs apart form INR.
|
|
|
|
|
At this initial stage it is difficult to predict the future of WazirX. It claims to be the best exchange with most no of coins listed on their exchange. Also Launched their own coin WRX and encouraging people to invest in it and the profit earned from brokerage will be distributed among WRX coin-holders
|
|
|
|
|
Show Posts
