Bitcoin and the generation gap is natural. They will not understand it until they are forced to use it. Meanwhile the younger generation will be using it and learning it so if they don't learn and invest now they will miss out.
Then, isn't ironic that the older generation must teach the younger generation about Bitcoin? |
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From the keyword 'USD Tether' in Google, they confirm 1:1 trade to real USD. It sees itself as real USD.
"Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the ... So 1 USD₮ is always equivalent to 1 USD."
They say that 1 USDT is equivalent to 1 USD, but don't actually mean it. Read their disclaimer that I posted above. |
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Are you in favor to register your BTC Wallet address to trace transactions and impose taxed it? It is a big subject now amongst lawmakers to trace down income and transaction about bitcoins. This has become the talk of the people involved in digital currency lately. So, What do you think?  I don't think that there are any wallets that use a single address (except for paper wallets). People would have to register a new address every time they receive bitcoins, so I don't think it will ever happen. |
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That is the major misconception among traders that USDT: USD is always 1:1 but Trade and market does not follow this even the data does not agree to this.
You just wrote that it is always 1:1 and that it is never 1:1. You can't have both. When is it always 1:1? |
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what do you think about pump and dump? did you ever trade on pump and dump event? can you give few tips for how to make money from this events? what i need to look for?
This question is interesting for me too. Someone wrote about large whales, but where are they to be found? Pump-and-dump has nothing to do with whales. The big moves are caused by coordinated buying and panic selling. |
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FYI, a "rent-taker" or a "rent-seeker" is a person that profits from artificially-induced economic inefficiency, typically government favors. They also typically must expend effort to maintain these inefficiencies.
For example, companies that depend on government subsidies or laws preventing competition in order to be profitable are rent-seekers.
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Come back after you have figured out how much electricity all the banks in the world use, and how much we would save by replacing them with Bitcoin.
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Hi all , well late night thoughts we all know basic about economics and that money is backed by gold or platinum in some countries , and i wanna know youre opinion by what is BTC backed up ?  Like all modern money, Bitcoin is not backed by any asset. When people use the phrase "backed by", they can mean different things. For example, people might say that a currency is or is not "backed by": - gold
- full faith and credit of the government
- the military might of the country
- the requirement to use it to pay taxes and its status as a legal tender
The meanings of these uses of "backed by" are all different. Typically, when asking what a currency is backed by, a person is really asking what thing of value does a unit of the currency represent. The dollar used to be backed by 1/ 20th of an ounce of gold, and a person could go to the U.S. Treasury or a bank and convert their paper dollars into the equivalent amount of gold. That backing was removed completely by Nixon in 1971. So, if money is backed by nothing, then what gives it its value? The answer is that its value ultimately comes from its utility. Bitcoin has utility, therefore it has value. You can say that Bitcoin is backed by its utility. |
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If i have 100USd now what should I invest it in to make about 5% everyday?
If you are expecting 5% return every day, you are going to lose all your money to a scam at some point. |
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Members of a pyramid scheme make money by recruiting new members who must pay to join. The value of a person's membership is derived solely from their ability to get new people to buy into the scheme. The scheme has no other value. That is a feature of a pyramid scheme, not the definition of a pyramid scheme. When you "join" BTC by buying it, your promotion of it is completely insignificant and you don't receive the profits like a person does when they engage in pyramid selling - every person who owns BTC benefits from it, but to such an insignificant extent that an ordinary person promoting it is useless to them. BTC is just an asset. That's all. If supply and demand is the same as a pyramid scheme, then I guess most things are pyramid schemes. In the perspective I am discussing, Bitcoin has no use other than buying or selling. In that scenario, it is no different from a pyramid scheme. |
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The bitcoin is a financial asset with no ballast that people buy because they believe it will appreciate. That is a typical bubble or pyramid [scheme].
Unfortunately, that is an accurate statement. If Bitcoin cannot find a use that justifies its current price, the price will not be sustainable. That is not an accurate statement. Bitcoin might be developing in a bubble right now (I think not) but you could never say it is a pyramid scheme. If you use the words bitcoin and pyramid scheme together I do not know why you are here. Internet had its bubble and we still are on the Internet! It was no pyramid scheme. Satoshi did not recruit anybody into bitcoin. He spent his time on this project and as far as the public know he did not get anything out of it. And he probably never will. Members of a pyramid scheme make money by recruiting new members who must pay to join. The value of a person's membership is derived solely from their ability to get new people to buy into the scheme. The scheme has no other value. If people are holding bitcoins solely to make money from price appreciation, then Bitcoin is effectively a kind of pyramid scheme. Members (the people holding bitcoins) make money by getting more people (new members, in other words) to buy their bitcoins. The value of a holder's bitcoins is derived solely from the abilities of holders to get new people to buy bitcoins. According to the premise, Bitcoin has no other value. |
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This is also important to know: There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.
That legal statement completely contradicts everything that they claim about USDT being backed backed by USD. That's why I stay away from it. |
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I think Airbitz is a good choice. It is designed for new users.
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...
A simple email from Bittrex, either before or immediately after accounts were “temporarily suspended,” would have probably gone a long way toward reassuring users that they would eventually receive access to their funds.
No savings association or service corporation, ..., shall disclose a SAR [suspicious activity report] or any information that would reveal the existence of a SAR.
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The bitcoin is a financial asset with no ballast that people buy because they believe it will appreciate. That is a typical bubble or pyramid [scheme].
Unfortunately, that is an accurate statement. If Bitcoin cannot find a use that justifies its current price, the price will not be sustainable. |
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If you go to a Bitcoin meetup, you will see more older people than younger people.
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Some groups are profitable some are made by group of people just to earn profit i've tried to join the group you must be fast to buy the coins because some coins will be pump just a few minutes only
Long time ago when I was still new in trading someone tried to recruit me to be part of their group and I declined since I don't have any idea about trading yet and I don't have a big capital since they required you to have a certain amount of bitcoin in your wallet. I think there are plenty of whales that has a group like this and they are the reason why there are some coins that suddenly pumps even if there's no any news about the coin. You were smart. You avoided being scammed. Whales have nothing to do with pump-and-dump. The big moves are caused by lots of victims buying because someone told them to. The big drop happens when they panic sell. |
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Are this function same as "Import a Ledger HD-Account" in MyCellium Add New Account menu? I think "Import a Ledger HD-Account" is how you use a Ledger with Mycelium. You can use Trezor and KeepKey, too. |
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Wow. I don't believe there has been a single correct post yet in this thread. According to the design, the last satoshi (not the last block) is expected to be mined around 2140, but because of an error in the difficulty calculation and because the difficulty is continually increasing, the actual date will probably be several years before that. When there are no more new bitcoins, miners will still make money from fees. There is a gradual reduction in new bitcoins (by half every 4 years, approximately). The subsidy will drop below 1 BTC in about 15 years and miners will begin mining the last bitcoin sometime around 2104. Read this: https://en.bitcoin.it/wiki/Controlled_supply |
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The lack of a value anchoring inherently determines that Bitcoin can never be a real currency.
That's an odd statement since no other currency (including renminbi) has a value anchor. |
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