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People scam because they think that scamming will help them in the long run. If only they knew that doing bad things does not help, but only hurts us. Oh well.
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Well, imagine if a poor country like Venezuela were to invest into buying a few thousand Bitcoins. Let's say 5,000. Now, someday BTC will be worth $1,000,000 each. Therefore Venezuela will get $5,000,000,000 (five BILLION dollars) for the small investment. This could save their country because the population is only 32,000,000 (32 million people) therefore each person would get $156, although maybe only the bottom 50% would qualify, therefore each person would get $300 or so, which is a lot of money, in comparison with USA, $300 in Venezuela would be worth $600 and also babies can't spend it, therefore families would be helped greatly by it. This is what I would do if I were the leader of Venezuela.
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If Bitcoin becomes a legal currency, you could bet your bottom dollar its value would soar through the roof. How do I know this? Because the more people who use it, the less Bitcoin there will be, and the less Bitcoin there is, the more rare it is, and the more rare something is, the more it is worth. Supply and demand, economics 101.
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Hi, I am sorry you miscounted my posts. I did over 30 posts, and you only counted 28. Please review my posts and you will see that I did almost 35 posts this week not 28.
Because some of your posts are after Nov.19th so you will be paid next week. I also thought the same thing, but you need to check the timing of your posts. |
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Yeah there are tons of them. You used to be able to spend Bitcoin to pay for freelance work on Fiverr, but they discontinued that service. I don't know why, but it was cool while it lasted.
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Bitcoin's value is based on how many companies accept it as a form of payment, but also on other things like perceived value and also how much mining or hashing power it has. If any of these factors go too low, then certainly it is not only possible, but likely that Bitcoin would lose its value.
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So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?
Saving should be learned at home and not some of like value like bitcoins or cash. So teaching it to kids... well we should teach them to be responsible in spending... Why shouldn't saving be done with Bitcoins or cash. And how is Bitcoin not cash? I mean I guess what I am saying is are you trying to say fiat is cash and Bitcoin isn't? Because people are now saying BTC is a store of value, but in my opinion even still it is moreso like cash than fiat is. And also why can't Bitcoins be stored at home? Most BTC is spent on computers/ laptops etc from people's own homes so... yeah I don't think your logic makes much sense.  |
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Does anyone on here think that there is ever going to be Bitcoin Bank, be it something which is centralized or something which isn't really doesn't matter. But I'd think of this as a company, or a union (like one of those credit union banks) where loans would be given out to people with trust, money is held, and so on and so forth.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
This brings me to a kind of realization that one way or another we really have to end up creating some forms of banks after successfully dismantling the last existing one. Actually, I have heard and read of crypto banks but not specifically Bitcoin Bank. But of course, this can be made. Well, only if such idea is shared by a good number of Bitcoin supporters and loyalists. If not, since Bitcoin is primarily against any central authorities, let alone banks, then it won't prosper. We will never completely dismantle all of the banks. Do you know why? Because some of them will translation to cryptocurrency technology and blockchain technology actually, I should say, and they will progress and survive, whereas others will not adapt to the new changes and these ones will fail badly and be the ones who lose most from this new shift to decentralization. |
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Uruguay’s Central Bank (BCU) formally presented rollout of its pioneering digitization of the Uruguayan peso on 3 November 2017. Set now as a pilot program, the bank’s head was careful to remind it “is not a cryptocurrency such as bitcoins,” but “a currency that remains the responsibility of the BCU,” https://news.bitcoin.com/uruguay-first-in-the-world-to-launch-digital-currency-not-bitcoin-it-stresses/While this is not a project for decentralized currency, I think is great that a Central Bank has jumped into digital currencies. One thing I believe it will happen is that i.e: merchants will need to adapt their POS systems to digital currency and probably allowing the co-existence of Cryptocurrencies and people getting used to it, I see this as a positive move,though. printing bills is expensive for Uruguay as it´s printed in Casa de la Moneda in Chile.. Uruguay has set the pace for many things throughout history in Southamerica (Women´s voting in the early 1900´s, universal health care, cannabis legalization, abortion legalization among other things). Very proud of my country  They may want to change its name but its function will be the same. So no matter what will be the term or name, it is still a digital currency. It will be a digital currency indeed, but not like bitcoin or altcoins, as it will be centralized and not mineable.. I wonder how they are going to do this and also it is good to see a country like Uruguay doing something so progressive because the African countries are known for being slower to take on new technologies and this is definitely a big exception to that. Glad to see it and hopefully it will be a success and other countries will learn from it and introduce their own cryptocurrencies soon. |
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Most definitely could, although to be honest the momentum Bitcoin has had is difficult for any coin to compete with. While the tech is outdated people do see it as a good alternative to bank deposits, as it has better and more consistent ROI.
The thing is Bitcoin has and always will have the first-mover advantage. This is what is currently keeping it afloat. Without the first-move advantage it would be longgg gone by now. But also don't forget that many sites like Friendster and Myspace has the same advantages and failed in the long run and were overtaken by better companies, therefore if Bitcoin does not fix its problems quickly it could go down the same road that they did. |
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if you want to buy Bitcoin, then buy it when the bitcoin price is down.
if you want to invest in the long term, then buy more every time the price is down if you really want to buy it.
if you dare this the right moment because they are panicking and preparing to sell bitcoin.
only the brave can survive.
Your first line was enough. Why did you write more in your post than was necessary by continuing to write more lines after you already made your initial point? |
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Firstly I would like to inform you that I have tried many, many different trading strategies and guess what? Most of them do not work. Just like how people go on diets, but usually it doesn't work, same goes with trading strategies - usually they do not work and you will end up losing money.
With that said, my strategy has evolved to a simple one. I simply buy when the price dips, and then set a price I want to sell at and then sell. However, I will always be studying at all times to make sure I am aware of the current new/happenings in the industry... this is extremely important and never should be overlooked if you truly want to make the most profit trading.
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I think trading mind games are not even necessary to make good profits while doing it. They are just there to try to trick people but in reality anyone who knows what they are doing will not and does not fall for such scams. This is very common to see on most exchanges and especially the pump and dumps where the pumpers aka scammers want to make it seem like the price is higher than it really is. Unfortunately, most people usually believe it. |
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IF you are talking about trading, then there are three possibilities of when you should cash out.
1) If you made a profit. If you make a profit, then you can cash out and take your winnings. This is the best possibility.
2) If you need to stop your losses. Sometimes the market will go down and you will need to cashout to stop your losses. This is not optimal, but it happens to the best of us.
3) If you lost almost everything. Maybe you will lose everything. Then you will need to cashout your spare change in your account. But sometimes you won't have enough even to cover the fees to withdraw, so you would be left with nothing.
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i have 0.05btc in my account.
it doesnt matter what amount it is. they are locking us out of oir money.
if we dont have private keys, we dont have bitcoins.
bittrex is scam, be carefull people
Are you saying you are unable to access your funds? |
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My go-to exchange for converting crypto into fiat is Localbitcoins. Why? Because they allow you to convert it without uploading your ID, which means they do not need to verify you, and there is no processing time and no additional fees other than their fee. Also, you get to increase the price by up to 10% so you get an additional bonus and the money gets deposited directly into your bank account. It is the best of both worlds.
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This is a great question and one of the main things you think about as an inexperienced/beginner/moderately advanced trader. When someone who knows more or has a better track record than you acts, do you follow or simply take your own path? On one hand you are always going to get the shorter end of the stick by following them, but chances are they are usually right. On the other, you can make more if you trust your own instincts and are right. At the end of the day, the safer option is always to learn from and follow, and do as the best do, therefore I would suggest to sell if they sell, but to each their own.
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I just started with Bit Connect about 3 weeks ago. I've watched a bunch of video's on YouTube about it and invested my first $100 into the lending program and reinvested $10 today. My question is, how long should you keep putting in your own money before you can just lend off of reinvestment's? Thanks
Everything I have heard about Bitconnect is scam, scam, scam, although some people say it isn't. It is hard to know sometimes what is real and what is fake and what is legit or what is a scam in the crypto world these days. Anyways, I don't exactly know enough about this specific thing to give detailed advice, but in my experience with investing in Bitcoin-related companies it hasn't turned out very well as most are scams, so I would recommend to be very careful. Best of luck to you. |
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If you're interested in investing in commercial real estate - we will be accepting bitcoin soon at our fund. Check us out at twinrockpartners dot com
Are you similar to REAL and ATLANT? Both of these companies recently launched ICOs and did quite well. They are not listed on exchanges and their tokens are trading on a daily basis there, about $30k/day to be exact. Did you already launch an ICO? |
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Where can I buy Antminers ?
Bitmain doesn't ship to Turkey due to custom problems.
I don't know. May I ask why you are looking to buy Antminers? You might be able to get them shipped to an adjacent country if you live near the border. You might be able to find someone else in Turkey who is selling them. You could also fly to a nearby country where you could pick them up once they have been delivered. It really wouldn't cost that much using a budget airline service under $500 round trip. Hope these suggestions help you. |
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