The infographic shows the 10 most popular banknotes worldwide with its anti-counterfeiting security. There are thousands of million dollars counterfeit circulating worldwide. Just in The US the FED said 7.3 We conclude that the total value of counterfeits in circulation at any moment is approximately $70 million or about one note in 10,000, and is highly unlikely to exceed
$200 million, or about 2.5 in 10,000.it's costly for the society (more regulations, more resources to deter, individual or business accepting it accidentally >direct loss,...) Counterfeit money exists since the Ancient Rome at least, and it can destroy a government and its economy. Even the Nazis were counterfeiting the USD and GBP ( Operation Bernhard) If only 1% of your circulating currency is fake your government is out. It can't borrow money anymore, business will stop to accept the currency, and since it's the only one, then the economy will be dead. Do you know how many Bitcoin has ever been counterfeited since10 years? ZERO !It is obvious for me that bitcoin being a digital currency at first place is way more comfortable to use regulate and to provide the service to it, so it is the one extra reason to make bitcoin a worldwide currency. |
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Previously Banks in India working under the rules framed by the central bank i.e. Reserve Bank of India ; the banks were instructed not to allow their customers debit their accounts maintained with the banks for purchase of crypto currency. Against this order; one suit was filed in the Supreme Court of India. During one hearing the Reserve Bank of India admitted that the instructions were given to check illegal transactions in the country. Now Bank has admitted that regulation of crypto currency is their necessity. This admission indicates that transactions will not be restricted but will be regulated. So again the business will start. Though final hearing is in September this year. I am very much positive that Central Government will definitely allow the transactions to take place but definitely will like to impose certain rules and regulations to stop money laundering; terror funding etc. Prime Minister Mr Modi is very much in favour of digitalization of money in India; so future of crypto in India seems very bright. https://www.ccn.com/ban-u-turn-indias-central-bank-admits-cryptocurrency-regulation-is-necessary/In my opinion if India will revert and cancel those decisions about cryptocurrency of their, this would became a great example for all the countries in the world that bitcoin is worthy and confident enough. |
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I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?
Is quite strange to ask the question like that because I believe those regulations can be both good and bad and it depends on the type of the relation that is put on by the governmental system. |
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The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.
My opinion for my particular country is based upon the amount that are stolen every month from the budget of country so when bitcoin will be on its place in the economy system politics will not be able to steal anymore. |
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I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?
It is obvious for me that all the people in the world would have a desire to buy bitcoin it's price will jump off so significantly that 90% of people in the world would not be able to buy it because they would not afford it basically. |
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Many people are waiting for the market recovery to sell their coins but I bet you,as soon as market recovers ,they will feel reluctant to sell.
I would say better that I will reinvest my capital when it came to the Bull market, because it is not my go to earn money here and forget about cryptocurrencies. It is my goal to increase my Investment Portfolio that I have become and whale here. |
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So saw many self airdrops of ERC20 tokens and wave platforms in social media. They would promise their investors a cheap token price purchase, and in turn promise a good listing price at the exchange. 98% of these self airdrop never make it to exchange, and the few that get listed in a decentralized exchange get pumped for 2hrs and there after dumped forever. Why do you think people still patronize these scamming project and not study good ICOs and buy?
Oh don't be so mad on them, the people are always making their own choices so some of the guys are still doing this work this bounty programs, some of the guys are still investing in the poor ico's, it is completely normal. |
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Well charity will accept anything as long as is good for them .. anything that is... Related to money and ..all is acceptable ...so I don't think that... There won't be any which will... Deny !
Also .. even you can donate on the Bitcoins forum .. it's as same as.. any charity thing.
I think we need to start from assembling some kind of funds that will be ready to accept bitcoins and use it for the needs of charity, because for now I don't see the way how I can contribute for the charity needs with buy Bitcoin money. |
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So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
We are still unable to see something like that on the horizon, however I think that it is not possible to some of the alternative cryptocurrency to replace the Bitcoin fully, just in terms of capitalisation and amount of daily trading and this would not change anything. |
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I can say that Ethereum is still not enough understood by people around it, so the real potential of this coin is not revealed enough to gain the price it is really worth of.
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On January 2018 the market cap crossed the $800 bln, when will it happen again?
Obviously it will happen at the time, when we will be advertising the cryptocurrencies and encouraging every other people that we know to be involved in it, market cap would rise. |
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So, we can make a conclussion that every time is a good time reasonable to buy Bitcoin, lol. I am going to support that belief anyways! |
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I think that Bitcoin will be never ended, so it will become worldwide payment methood same as dollar and uro, also Ethereum. It is already working somewhere here.
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I think that property investings, as buying a house or buying a car is much more stable than to have your money completely in Bitcoin. It is tested by many years!
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it seems this information is not too important anymore for the current price of cryptocurrency because I see the current price of cryptocurrency can only be affected from the bad news news is not too make the influence of the traders again.
Yes, I agree with you. Now the price of cryptocurrency is very much affected by the news that we can see in the media. Unfortunately, the news is not truthful, but only blacken the bitcoins with their own guesses. |
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This time last year, bitcoin was still around $1000+ and nobody could think or imagined bitcoin is going to rise from 1000$+ to like $18000+. There was a huge market rise of it when closing July, August up till December
I think that soon there will be a big boom and bitcoin will again grow to huge heights this way in December. Everything happening on the market in recent months indicates that soon it will rise. We can only wait and hope. |
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What will be the best option to do now looking upon the current BTC price???
I'm thinking that the best decision for you to not to be worried too much, would be not to live on the price of Bitcoin to often. And just tried to make money from what you are used to. |
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have being studying some ico this year they are failing , what are the causes of there failure
Probably the main reason for an ICO to fail is that people would not believe enough in their goals and project. This would cause the lack of money that they get her as investment. And they cannot proceed with their work. |
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Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.
The question however is, can blockchain succeed without bitcoin?
I think that we will eventually choose the new king and it would be probably Ethereum, so in my opinion many things would change but we will survive anyway without bitcoin as well. |
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How its possible its something fishy for sure if bitcoin price goes up all crypto prices goes up its impossible situation every time me see saying it cause each crypto trader buyer and sellers are different and each user who buys crypto buys difrent crypto at one time how come eveyone buys all crypto at one time and all crypto prices goes up at same time did u thought that ever its for sure something fishy or not convincing what u think of it guys !  It is simply because bitcoin for me it's like an indicator of overall cryptocurrencies market state, so if the condition on the market is ok then Bitcoin will grow, and of course this works Vice Versa. |
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