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Last year, there were people getting good results mining XMG, using raspberry PI. I think there is even a pool for raspberry PI. I'm not sure if it's still profitable to mine it, but if you are interested, in their community they probably can help you.
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Really I dont think it will happen. Government is not that dump to accept bitcoin payments. I am sure , definitely in the near future all governments will interfere in the bitcoin usage. Actually bitcoin has got a lot of advantages. In the same time , it has got so many disadvantages too. We all know bitcoin transactions are anonymous. Just imagine if it reaches in the wrong hands and if used for illegal activites . Now governments are not thinking in that way because bitcoins are not that popular.But once when it becomes popular, all governments will definitely find a way to regulate the usage of bitcoins.
If thats the case, bitcoin users will not be anonymous anymore. They will be like fiat that all of its bank members will not be anonymous in terms of transactions. Dollars on the other hand cannot be replace by bitcoins in 15years or so. All countries must accept it first before it will replace dollars. Because if you travel in other countries, your bitcoins will be useless if you can't exchange it to other currencies. I don't know how a regulation could make Bitcoin less anonymous. The only way for governments to know which people are transacting, would be a situation in which the government itself creates a wallet for each person. The problem is that people could create other wallets, and choose not to use the one that is traceable. |
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Dude, believe to me. it's bad idea. Cryptocurrency very hard to understanding for ordinary customer. It has too much disadvantages (in eyes of ordinary people of course) against fiat money.
I think it depends on how you convey the information to them. Perhaps the main problem is not in the difficulty of understanding cryptocurrencies, I think the biggest problem is that most people do not know the basics of economics. If you try to explain the technology by bringing knowledge from these two fields, then these people may have a better understanding of this. Econimics? Maybe you mean technical issues? Cryptocurrency is very hard for understanding, because there many difficult terms like "public key", "private key", "seed", "blockchain" and others. Most of my friends (25-30 years old) can't understand it. What to talk about elder people? I remember many national altcoins like Aurora. And they all have died. Ordinary people don't have need in it. That is why I said that it is necessary to bring knowledge from the two fields, cryptocurrencies and economics. This means that it is necessary to explain how Bitcoin works, but it is necessary to explain also how Bitcoin plays its role in the economy, and to understand it people need to learn at least the basics of economics. |
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I think small investments will rarely bring meaningful results in terms of profit, but investing small amounts can be a good way to learn how it works. Sometimes you learn a lot by reading things on the internet, but there are things that are only learned from experience, so for users this is a good thing. For service owners, I do not see how this can be a problem, since they are always earning with transaction fees.
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Did Litecoin really nees segwit or its a test for its big brother BTC ?
This should really be a test of segwit on ltc though non of the known altcoins experience transaction malleability and will not be feasible for bitcoin to adopt it at the moment. Litecoin already allows transactions four times faster than Bitcoin, which means they are not facing the blocksize issue that Bitcoin is facing at moment. But SegWit allows a number of things, one of which is the use of lightning network, which for many is a great solution for users who want faster transactions. Also, from the information I saw on reddit, in fact segwit allows problems related to malleability to be solved. |
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The only things that comes from my mind is making a wise decision 40$ a day is big enough so i rather put 20$ to bitcoin wallet ,10$ to other investment and the other $10 into trading .
I agree 40$ income in a day is big enough that i cant decide if i should invest it to grow or just save it. maybe i will invest in bitcoin and good altcoins. I think that using some of that money to invest in Bitcoin could give good returns, and it would probably be an investment with better risk-reward ration than investing in altcoins, cloud mining or other very risky investments. However, if I had the opportunity to invest in some good alt, I would probably give it a try, but I would invest a small part of the capital for that purpose. Yes ,exactly how it is . Altcoin trading is quite hard for now as we saw if you observed that bitcoin price affects almost of the altcoins to dump so it is much better to invest in a good moving altcoins . Saving into bitcoin wallet $30 then $10 into some investments is a good idea who knows if you make it grow. Sometimes investing in altcoins is pure gambling, but this is not always the case, as there are projects that actually try to solve real-world problems, and often such coins bring great potential to investors, especially when the project attempts to use Innovative solutions that few projects have tried before. |
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As if we were not opposed to the banking system and the banks themselves, it is still necessary to understand that we are not forced to go to the bank and used to take the credit, or give their money to the account. This is purely our decision each. And if there were problems, it is only because of our own.
We should not trust bank. I think bank system could advers us. But to close an account, the bank must have its own considerations about the decisions they make. The consideration which involve many parties. If you do not understand how the bank works, definitely you will not trust it, the same with bitcoin. It is better if we know what banks can offer us before we say that we do not trust it, the fact that they can close or freeze a bank account, we must understand that they are doing it based on the law, otherwise they will be penalize. Banks in fact have the power to close bank accounts at any time, but the worst thing about it is that banks are heavily influenced by governments. I have seen cases of banks that have been restricted by governments so that such banks would not allow users to withdraw money for a long time. |
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Yeah thats right. We can freely use bitcoins for any purpose. Its easy to buy things from one part of the world to another part because of bitcoins. Thanks to its less transaction charge campared to paypal and other banking procedures.Instant transfer also.Since its anonymous nobody is going to know where we send the money or other details.Its really a wonderfull currency and its not possible for any governments to regulate it . Even if they ban using bitcoins , they cannot find out who all are acually using it. It really gives us freedom to use money.
Yes, you are right, Bitcoin gives us freedom. Thanks Bitcoins we got rid of the high commissions. It only remains to wait until it can be used to purchase any goods or servicesIf you search online then you will find a number of goods and service available with bitcoin. Now you do not need to spend fiat on much of the goods and services required for your life but you can get it with freedom with bitcoin. Even you can shop at amazon with your bitcoin payment. I'm not in a hurry to spend Bitcoin, since I'm a long term holder. But in fact it would be more convenient not to have to convert Bitcoin to fiat to be able to spend it. I think the number of options is still limited, but there are some possibilities, as you said, and the number of websites accepting Bitcoin is growing. To buy on large websites, there is also the possibility of using gift cards. |
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In such a situation, I think the first thing to do is to have self control, keep calm, and think in the most rational way possible to find solutions. Usually the best thing to do is to look for a job that can provide a good source of income, but in emergency situations, there are other possibilities like selling things you do not need or asking for help from someone you trust.
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Sometimes these Bitcoins belong to the hot wallets of the casinos, or it could be that someone actually decided to put that amount of money into it, since there are people with large amounts of Bitcoin who enjoy playing on these websites. In such a case, such bitcoins may be only a small portion of the owner's holdings.
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I have not used bitcoin for direct payments, because in my country rarely accept bitcoin. But I think if bitcoin used as direct payments it is going to take a few minutes to confirm the payment, it is better to use a fiat because it does not require the process. Bitcoin is less suitable I think if it is used for direct payments that need development again to be used for direct payments, but for online payments bitcoin very superior because it would be more efficient.
I like to share an app in my country which is coin.ph . In coin.ph you can use bitcoin , you can convert it pay bills,use it as a load or even buy thing online as you convert it to money  . In this app you can use your bitcoins in many different way. Even if you can't use bitcoin directly , you can use it in many different ways. If you like to consider trading it can do , or even investing in some teams to earn more. The good thing about Bitcoin right now is that different apps are being developed to make it easier to use the cryptocurrency. I've also seen some apps that are able to make things easier not just for customers but also for merchants, as the coinbase app, for example. I think it's only a matter of time until a large number of people have an app on their cell phone to make transactions around the globe using Bitcoin. |
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This company is news to me, as well as the products provided by them. I realize there are good options for people who want to mine altcoins, but I'm not sure if that would be better than building my own mining rig. Is anyone getting good results from this? Is it possible to have better results than mining with conventional mining equipment?
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The best way to manage your emotions is to gamble everything you have. So you can't gamble anymore! Well, I'm not against gambling, but managing money that way is the way for people who want to have big disappointments. Unfortunately, some people only learn after heavy losses, but I think this is not necessary because learning must come from effort and dedication, not from unpleasant experiences. |
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The interesting way to teach children about bitcoins is faucet site. Just open and give them a faucet site. Trust me , they will enjoy claiming bitcoins. If your child likes playing video games, then give him a gaming faucet to claim. There are a lot of gaming faucets out there. Children will like that. In that way they will be introduced to bitcoins and slowly they will start to learn how to use bitcoins, how to do transactions with bitcoins, its specialities etc.
Yes, it is true, when we think to teach the children than only one thing will come in our mind and that is faucet and also video games of bitcoin. Because children have good memory, if we have a task to teach them, than only few easy things are here to teach the children and faucets and games are best for kinds. But personally, i am not vote for kinds teaching the bitcoin. I think these methods could make it easier to understand how to use Bitcoin, but for these children to understand how Bitcoin really works and why it matters to the economy, it is necessary to clarify some aspects of the technology such as blockchain, peer-to-peer and such things. In addition, it is important to clarify some fundamentals about economics, so that it becomes clear why society needs Bitcoin. |
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I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
Actually sir bitcoin will never be a threat to a country in fact bitcoin help the economic status of a country to rise and also it help to increase the national income of the country since dollars are coming in the country! Bitcoin is something government should thank for because it will help to rise the economic status of a country and people will be comfortable when paying their bills Government is considered bitcoin as a threat because it can disrupt the economic balance and then bitcoin is anonymous so the government cant control the transaction and cant detect how much wealth that the person had, so the government couldnt tax the person, to make the government accept it is simple, just report all your transaction, but i am not willing to do it In fact, Bitcoin is feared by many governments, since this technology can change the way people perceive the impacts that a centralized currency can have on the economy, and so these people would realize that Bitcoin is a more beneficial solution for society. The fact that some governments create restrictions, is not something that always causes problems for Bitcoin, because in general this only makes people know the currency even more. |
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If you do not want to provide your photo ID for buying bitcoins then go to those exchanges where they do not need your verification compulsory for have a full account on that exchanges. Then deposit your money to that exchanges and but bitcoins of how much you need to buy. For example go and create an account on yobit or any other exchange like that.
You can sell Bitcoin for USD on yobit but after that how can you withdraw USD without revealing your identity? I have never tried to do it myself, so maybe there is a way, but I thought you have to provide at least your CC number for that. It is not a probem to deposit and withdraw USD to and from yobit because you can deposit to yobit from any okpay or perfect money account from any person whom you know so it will not show your identity and in the same way you can use any persons payment processor to withdraw USD from yobit. In general, most exchanges have a simple process, for conversion and for withdrawal. I think most people who would have problems are people who do not want to reveal identity, but in that case I think the only solution would be to use some decentralized exchange. I do not know if those that exist are efficient enough, but I believe that the use of this kind of exchange will become more frequent in the future... |
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Websites paying bitcoin for games is really low. Personally I haven't come across such websites. I have used more faucet websites, where there are faucets similar to flash games with good earning of upto 500satoshi. Its better to try faucets than finding game websites paying bitcoin.
I have already tried this games that pays you bitcoin like in the FaucetHubs, but like what you have said they pay really low and for me, it is just a waste of time, rather than doing that, I'm focusing on doing signature in this forum and other ways to earn a good amount of bitcoin that is worth my time to spend which I'm earning 0.06 bitcoin per week and it is not that bad compare to the earnings that you can get on Faucets. I think this type of website will always pay very small amounts of Bitcoin, at most a few thousand satoshi. The reason is simple, such websites earn with advertising, and the gains they have per user are very low. So, to be able to deal with a large amount of users they lower the payment as much as they can. |
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If you look at the price from a wider perspective, then you'll see that even though the price has gone down a bit, that we're still doing great. Everything above the $900 level can be seen as a fantastic price. People always over-react when it comes to the price going down. If the price goes up hard, then everything is ok and fine, but as soon as the top is reached and the price drops a bit, then suddenly people start to panic. Just relax.
In fact, there are people exaggerating in panic. This is not the first time this has happened this year, and it probably will not be the last. I think that people against Bitcoin have realized that the currency can make great progress this year, and they will certainly look for different ways to get individuals to stop believing in it, and make them give up a more decentralized economy. |
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I haven't saved any bitcoin yet. because I can't afford to buy bitcoin and I am unable to earn a lot of money. whatever I've earned from this forum spent on my education. but my target is to collect at least 100 BTC.. hope one day I'll be able to achieve this.
you don't have to buy bitcoin if you don't have the money. There are many ways to get bitcoin without buying. just need the skills and jobs that are not too difficult. such a signature campaign and hunting free bitcoin. When you have some of bitcoin you can grow with the trade. If you diligently you can get many bitcoin. like me who've been doing it a few years and have gotten at least 20 btc ++ I also think that it's possible to get good profits that way, but I think this would only be something that I would advise for someone who already has a steady income, and who looks for an extra income, since the only way I know to get a steady income in crypto is working for some Bitcoin company. You can have good results in trading, of course, but first you need a source of income to accumulate capital and invest. |
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Is today's price drop related to this? There are people spreading FUD about it on reddit. Yesterday the price was in the range of $ 1060, currently it is in the range of $ 975. It is impressive how the price drops significantly and we only know the reasons long after.
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