Dear friends! Let me remind you what is cryptocurrency is and what its purpose is. Bitcoin is the first cryptocurrency. The creator of bitcoin had the main goals of decentralization and lack of control by government. Today, all people are discreetly deceived. People are offered a chase for the US dollar. Speculators and ASIC manufacturers came to the world of cryptocurrency. They do not need a cryptocurrency. They need dollars here and now. They are old and they wouldn't like to eat own d***, you understand what I mean. People succumbed to the chase to the dollar. Bitcoin is manipulated. This is a well-known fact. We must admit this. Manipulation began with the appearance of the first ASICs. Let's admit the bitcoin is centralized. Like LTC, BCH and other ASIC-addicted coins. Today number of largest holders of bitcoin is small. And they manipulate the market.
Why banking corporations will never accept Bitcoin and you will never get payment gateway all-in-one?
Banking corporations are organizations that play an important role in the economy of states. People often blame banks for various troubles. Often this happens erroneously. Banking corporations are interested in cryptocurrency. But this should be money not dependent on a limited number of people. You want to create a currency and banks must accept it. This will not happen until the banks are equal players.
You want decentralization. You are talking about decentralization. Decentralization is good. But you do not do anything for it. Let's remember the theft of ethereum. One person made changes to the network with his decision. It is unacceptable. For banks this is unacceptable. Unacceptable theft, change of the network by one man is unacceptable, too.
Tomorrow, the largest bitcoin holders will arrange a price collusion. Who will suffer in the first place? You will suffer first of all. And who will be accused? The banking system will be blamed as usual.
No one banker will say this in an interview on TV and even in a private conversation. But it is so.
The banking system, business and society need an independent currency. A currency that will vehemently resist any attempts at centralization. You must understand this. Ideally, this currency should be independent of people, but people should serve it.
Banks have tried to develop such a currency. It did not work. This is inappropriate to do the banks for various reasons.
The decision must be made by society. By you. Banks can accept a fair and maximally decentralized cryptocurrency. But banks will never allow anyone to manipulate them.
Regards,
The future of bitcoins will always be depending on the investors because the price is always depending on how much demand is in the market today. Sometimes when I see irrelevant things I become angry extremely because when you see that something has gained highest popularity and is counting as the highest and most profitable currency working for about 9 years so is it relevant to say that when it is ending. We should speak for benefit and better future rather than discussing and spreading negative perceptions, if you are getting benefit of the market then there is no. |
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Will this prediction by some Crypto Experts that 2018 is a Bull year for Bitcoin To $50k, and with an Overall Market Cap To $1 Trln going to end a truth? Read the text here: https://goo.gl/WzcTrVWe don’t now yet, maybe it will but don’t trust these people they are always not correct. I have seen all their predictions ever since I got into this crypto business and none of them have been. Correct. If they predict 100k what you will see at last will be 50k. So what I’m trying to say is that since they predicted 50k you should probably set your target to 20k or 30k cause I don’t think it will get to that fifty thousand dollars they predicted or maybe it will get above that. |
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In many developing countries where gold and silver are so important almost every function in the house is related with it , the dieties the important utensils , earrings and other ornaments , these precious stones are always over the top.
Now the recent survey shows that silver is loosing ground due to cryptocurrencies, and these precious stones are now getting cost stabilized.
What you think is it a good or a bad news ?
Well personally I think it's a pretty good news more and more people will be able to afford it and also I think these precious metals are over valued so it's doing good that it's somehow getting their value down and establishing it's own place.
Where did you read that from what and who said so? Some of you are fond of making up fake news. That’s very stupid, I don’t know why anyone would be doing such. Silver is not falling cause of anything and so is Gold… They are both stable and are very important (even more important than crypto). There are lots of things you can do with gold and silver and they have been very helpful right from the beginning, and in lots of ways. |
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Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating. You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family.  I can’t speak for every country, maybe there are countries with good government but as for my country our government are just criminals. Their main target is to get on that seat and use it as an opportunity to oppress the people and steal from them. They don’t give us security, they can’t even provide jobs for the graduates and there are lots of unemployed youths here, and that’s what’s making some of them to turn to bad lives and becoming scammers, armed robbers etc. So the government are bad. We just need to wipe them out and replace them with good people, although good people are hard to find these days. |
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Before your greediness can manipulate the crypto market it all depends on your level lol. You can’t just start manipulating the market, that requires a lot of money and some of these whales will usually invest in group to manipulate the market.
But it’s always not good to be greedy cause it can spoil a lot of things. Greediness is a very bad thing, it can even lead to downfall, so it’s not something anyone should indulge in, always do things the right way.
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As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
It can’t happen. No matter how smart you believe they are, smart phones won’t be able to mine Bitcoin, if it was possible they would have done that since. Mining Bitcoin requires a lot and that’s not something a smart phone can handle. I usually see some applications that are tagged Bitcoin miner but they are all fake and you shouldn’t trust them, they don’t mine anything. Lol. So if you want to mine Bitcoin you should just get a laptop and your miner and then you’re set. |
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1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
I can’t even imagine someone with lots of Bitcoin in their wallet that is worth a good amount of money saying they forgot the password to their wallet lolXD. Only someone that is very stupid, my money can’t go like that I’m always careful. The only mistake I ever made, and that was as a newbie, was not backing up my wallet but I later realized how bad it would be, although nothing bad happened. I don’t buy and sell based on feelings, it does happen sometimes but I have learnt to control myself. |
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As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"
Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency
This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.
The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.
The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.
This Should have been the Future:
Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!
Bitcoin earns the legal status
Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!
People start using the BTC for trading daily life needs with help of bitcoin.
There are no creation of million BTC addresses daily but the only one unique address per head per bank account!
No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.
Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.
Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.
First appearance of the BTC in the global market!
Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.
First of all… you don’t just call it a “Currency” because it is not a currency rather it is a cryptocurrency. And there is a difference between cryptocurrency and currency. Bitcoin main purpose was for it to be used as a mode of payment (sending and receiving money peer-to-peer) that’s the main use for it, but things changed it is now also being used as an investment. The fact that is being an investment is what attracts a lot of people, especially investors and it also makes our community to grow, so it’s aright as it is. |
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-snip
Worst of it all is that we never take actions against online scammers, I don’t really know why, maybe that’s because they can’t be traced or because we don’t know. Well, it’s still possible for them to escape. They can leave their building and move to another location, or it can be that they have put up a fake address on their website, quite possible. As for me, this can be a scam. Most of these scam projects starts off like a good one and will literally gain people’s trust. And when they have been able to gain the trust of people and managed to have gotten millions of dollars invested in their care, they will come up with a stupid fake news to make away with the money. |
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In crypto trading our choices and decision are as important as the profit we come out with in the trades, but to be the best we have to perfect those choices.
Many people are familiar with buy and hold as a good strategy to make profit, of course this has been a good strategy for many, but for the day traders who don't have to wait all this long on a single trade, they have to follow a different other method which is buy and sell when they are at certain smaller percentage profit. But when you combine this two methods in your trading you tend to make more stable profit than anyone using only one approach.
Feel free to share your thoughts and experiences on this
I don’t just HODL, I also do day trading although it seems to be more risky (well, both are risky). But one thing about Day trading is that you will be getting daily profit (and loss), so you get into day trading because you can’t have to wait that long for the price to rise. If you are into Hodl you will have to wait for a very long time (probably months) before the price goes up again and you can make profit and you’re not even sure what the price will get to, you don’t know if you will recover the loss or not. |
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Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
We shouldn’t see Bitcoin as the same as real currencies we are using just like dollars, euros and pounds. When I look at Bitcoin I see it as the same as PayPal and all those related sort of things. And of course Bitcoin can be used as a means of making payment online, but since not all countries are accepting it, it can only be used at places where its accepted. But if it’s not accepted in your country I believe that you can still find ways to use it in making transaction and also withdrawing to your bank. Since government can only prevent you from withdrawing from an exchange, you can do straight business with someone. |
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I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
-Warren Buffet This quote is constantly bandied about as justification to invest in Bitcoin, and especially now that there has been some nice price movement in the upward direction. But this Warren Buffet quote is only relevant with the proper context, which is that Warren Buffet only invests in things he has a fundamental understanding of and can quantifiably value. You can confidently be greedy when others are fearful if you have a sound investment thesis and are a fundamental value investor. This is how he turns his investments into home runs, he knows what he's buying and what it's worth and can weather the negative sentiment until the market learns what he already knows. This doesn't apply at all to a speculative investment like crypto. Following this advice willy-nilly is gonna get you burned because you're misunderstanding the intent and the application. Don't not buy Bitcoin if that's what you want to do, but don't fool yourself into thinking you're following Warren Buffet's advice. Warren Buffet doesn't speculate, and if you're buying crypto, you're speculating. Lol… you shouldn’t be greedy, neither should you be afraid… just cat normal. You might try to be greedy and that will be the time you will end up with losing your money. After last years’ bull run a lot of people especially those greedy investors, we’re complaining that they lost their money up to 50% and above that. These are all those that were afraid of investing when price was low. So don’t be greedy and also don’t be panicking a lot. This is unpredictable and you can’t tell what will happen. |
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Eight months ago, my financial situation was not good at all,
I work that way, My income was about 45 to 50 dollars in the month,
I was disappointed with my income
Than a friend of mine suggested me to work with cryptocurrency. But I had no idea about cryptocurrency. Gradually, I learned to understand a lot about cryptocurrency, cryptocurrency gave me success in life, Now my income is 800 to 1500 dollars per month. Now I am very happy and now I believe cryptocurrency may change the financial condition
It’s not easy, you will have to work hard for things to change for you financially through Bitcoin. There are lots of things to get yourself involved in just like signature campaigns/bounties, trading and investment, and even a lot more of them. Faucets will not help you in any way at all. It’s just not easy, some people keep on seeing it as an easy thing. The only way it can be easy for you is when you’re rich already and have lots of money to invest. |
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When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy% I don't really spend much of my Bitcoin , because I am always in fear. I am not talking about cashing out , but for digital goods. How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more. How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency I don't know how to make a poll here , so :- http://strawpoll.me/1793917This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received. Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency. EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so. I think your questions should be when will people learn to understand what Bitcoin really all about. Some of you don’t understand Bitcoin ,like seriously. Don’t you know that Bitcoin isn’t meant for a normal usage just like you do with fiat. It was made as a way to help people be in complete control of their money instead of the government controlling it. And it is volatile, the price will always be going up and down, that’s another thing about. So people will continue to see Bitcoin as an investment and not as a currency. |
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Goldman Sachs: Bitcoin can be useful for a troubled economyAccording to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy. Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided. Goldman Sachs experts: crypto-currencies can help the troubled economy
It is not a solution. If you’re living in a country where a dollar is worth a lot of your countries currency, Bitcoin is not going to help you in any way. In my country I’m getting paid #10k of my country’s currency and I can’t afford to buy one Bitcoin because it is worth more than a million in my country. So tell me, how has Bitcoin been able to help me when I can’t even afford half a Bitcoin? So you don’t say that, Bitcoin can’t help you much, not even Faucets pays enough, unless you’re rich or maybe you got a good job to be doing online or in this forum. |
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Nearly one billion dollars has entered bitcoin today according to cryptonic news item.This week has seen btc doing very well and all are excited.I know most people have individual plans for a moment like this,let's hear yours.
I don’t know for sure. But I read a post that the last year’s bull run will be the last and that there will be no other rush. The author said that the price of Bitcoin from now on will be stable and not go up and down any longer. I don’t know if that’s true but the price of Bitcoin has been going up little since last week and luckily I have some money stored in my wallet. So I’m also hoping that it goes up so I can make another profit just like I did last year. But if the price goes down, then I will withdraw to cut my loss. Just saying tho’ |
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Is this a good time for Facebook to try new kinds of stuff. Facebook owner Mark Zuckerberg has become the world's third richest man in the world and he has achieved all that just because of technology and a right idea, So do you guys think he will now at least think about experimenting to take bitcoin as a payment method in facebook. I think that will surely change a lot of people's mind around the world and they can freely put some money on facebook business.
Doesn’t sound like a good idea to me, unless they are planning to manipulate the price of Bitcoin and rip the community off like whales will always do. But Bitcoin is not a good idea for a business like Facebook. Facebook itself is already a big thing and generates lots of income worldwide, just like Microsoft and Amazon. If they invest part of their money in Bitcoin its either they lose it as users here will start withdraw due to increase, or they may make profit if their plan was to manipulate. |
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Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.
1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.
2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.
3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.
4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.
As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive
Banks are the ultimate, so you’re very wrong. The government are the ones that controls banks in the world and they are the ones with the power in their hands. Don’t think that they are going to just let Bitcoin destroy everything. Government is not fully in support of Bitcoin, that we are making use of Bitcoin today is because they allowed us to do so. If the government decides to end Bitcoin they can do it at anytime. Haven’t you hear of countries where the citizens are not allowed to make use of Bitcoin? |
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Everyone agrees that patience in the end is what makes you rich however noone talks about the people that lives with the money they make on bitcoin space. We are not investing we are not trading, we are living thanks to the money we make from bitcoin and cryptocurrencies somehow. When it is too low for couple days in a row we are losing money and its making our lives harder to live.
I do not want to feel that bad ever again like the bear market we had. I will try to make sure some of my money is out of bitcoin space and invested on something I know that will make me passive income.
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I'm ever made some profit , about 0.1 on directbet , 4 years ago
It's was fun experience for sure and about parlay, I'm still not have a great luck although I've calculate with care but I'm still loss.
Sport betting with crypto currency is something great !
In sport betting not only the luck determines the winning team we can calculate it from previous instances too.But the problem in the sport betting is match fixing that is why many people are not interested in sport betting even though which is much predictable because of someone's manipulation. Exactly, match fixing can spoil everything here but almost all the games are not fixed and players represent their countries too so they have pressure on their countries to win a game for them which benefits the most than fixing. Win you caught by camera during ball tempering or another illegal act then your whole career will become black. Now do not consider fixing as a major error here in gambling or betting on a specific game like tennis and cricket. I have no experience of sport betting because I am not a regular gambler and I have no gambling experience. I know that I cannot bet in sports with small money in the ground. You can make a bet with your friend or neighbor with small bet, but I think it is just a waste of money. I seldom visit casinos with my friends and have fun and entertainment and also play games. Sadly, all the teams I bet this year have lost. Too many black horses this year have caused me to lose a lot of assets!
It means that this year is also not good for you as bitcoin price. Investors lost their money in bitcoin due to decrease in the price and you lost your money because your favorite teams didn’t win the match. I want to enjoy the game that’s why I never bet on sports because you will only wait for the end and that’s all. I want to entertain by playing the game myself. |
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