A lot of posts are about bitcoin (eg bitcoin for illegal transactions ... bitcoins change lives ... bitcoin destroys the world ... bitcoin poison and so on) but basically it's all humans that move .. bitcoin is the tool. Good bad how the tool is how the man who runs. is it worth blaming bitcoin. What is your opinion?
That is a vwry good argument, it is true that humans only use bitcoin and its up to the person whether to use it in a right or wrong way. Do not blame bitcoin because it is just an instrument to be controlled. If you are intelligent enough to use this instrument, you will succeed. |
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This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me His Address 166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL Final Balance 103.20832384 BTC So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used  He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying." That is just plain stupidity. In this world where all you have to do is to log in and out to access your money and banks, you need to remember everything, or atleast have someone or something safe to hide it for you. That bitcoin is stucked and no one benefited from it. So guys to all of you who got bitcoin wallet, can you please secure your accounts. Thank you. |
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In my perspective, It is not too late to invest in Bitcoin. A very low percentage of people own Bitcoin. Take a look around you. How many people actually have Bitcoin? It’s a low percentage, perhaps around 4%. Bitcoin is only owned by less than 5 million people worldwide and still has tremendous growth potential. Everybody thought they were too late at $100, $500, $1000, $5000, and now almost $10,000. Nobody knows the answer for sure but it’s worth researching and getting into with a small amount of money that you can afford to lose. There's a saying in Crypto world. Keep calm and buy bitcoin  It’s NOT yet too late to invest in bitcoin. The market can move up and down so invest when price is low so you can profit when the price increases. Actually the first timers have the probability to become more successful bit if you want to become one, start NOW. |
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Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation. I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible). So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world. This is not an advice. It's simply a shared idea. How about you? What do you have in mind?  Yes indeed, the government has the power to impose some law to regulate bitcoin, however they cannot do it because bitcoin itself is decentralized which means it must not be controlled by any company or agency or even government. However if they do, if the government already gained control in bitcoin, many users will not use it anymore because they will be cut with the freedom that they want. If there are no users, bitcoin will decrease value and definitely will fade. |
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So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
Many nations’ government ban bitcoin because they fear it and they cannot control it. It is true that bitcoin gives job to countless peoples but the government doesn’t recognize it. Banks also ban bitcoin because some of their clients are turning to bitcoin because it is cheaper and doesn’t require numbers of extra charges just like banks. Also, they are afraid because they cannot control the future of money and in the future, noone will use money but only cryptocurrency |
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Will the bitcoin replace the Gold? If there is A war coming everyone will run to the Bitcoin instead of the gold? Some analyst say that in 5 years BTC will be less than $100 while GOLD will be above 10K, your thoghts? I did my risk mangment and split my investments, boght PAX coin to be on the safe side. link for more info: https://payperex.com Both gold and bitcoin have different qualities, however I prefer bitcoin than gold because it is easier to be used by common folk. While gold investment is complicated, bitcoin is easier to use. Bitcoin is virtual and you can store it without the fear of being stollen by thieves.However, I think that you were right in investing in both gold and bitcoin investmeny because we do not know the future. |
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Reasons why #Bitcoin is droping:
- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative
This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this
Those reasons are true and some are also accurate. In addition, one reason why it drops is the news when huge companies such as Facebook and Google to ban bitcoin ads. Huge news or viral news also affects bitcoin price. On thenother hand, you do not need PhD graduates on the team just to increase the price. If an ordinary folk will just hold and know the perfect time to sell would be a great help to rise bitcoin price. But yes I agree that logos must be creative to seek attention. |
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What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?
Although that would be great in the future that a satoshi will cost $1, I think it is impossible and it is a lot to expect from bitcoin. But however if it does, maybe the national currency will arrange by creating cents so that to accomodate the exchange of goods and money. Bitcoin will then considered more precious as gold and every bitcoin owner will be reach. |
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Dispelling Some of the Most Common Arguments Against Crypto
Once in a while, every crypto-enthusiast will run into somebody who is skeptical of the industry altogether. People like this usually have never invested before, or did once but lost their money. As somebody who cares about the field of cryptocurrency and has invested several times in the past, it can be mind-numbing and frustrating to hear the opinions of people who have only ever read headlines and soundbites regarding the topic.
Make note, it is reasonable to be skeptical of cryptocurrency and present some well-researched arguments against them, but the people being referred to here are those that know very little about the industry and have no noticeable desire to get acquainted with it.
Here are some of the most common arguments you will hear against cryptocurrency (either from people you know or from news outlets) and some simple responses to them.
“Cryptocurrency is a pyramid scheme.”
Occasionally, I will run into a person who claims that cryptocurrency (or more specifically bitcoin) is a pyramid scheme and that only those who were first to the market will be able to make a reasonable profit from it.
While it is true that the earliest adopters of coins like bitcoin and ether have seen the most significant increases in their profits – this does not make it a pyramid scheme. Pyramid schemes are structured so that subordinate investors must pay or hand over a percentage of earnings to a higher level investor. This is not the case with cryptocurrency— if you head to an exchange to buy a coin, it is possible you will be buying from somebody who is at the same level as you (i.e., they invested around the same time you did). This is not possible with pyramid schemes since the only way to make money is to recruit new members. With cryptocurrency, you can trade and exchange with new or old investors. Also note, the main aim of cryptocurrency is not necessarily to get new investors since the price of a coin does not exactly rise due to adoption. Positive news regarding programming updates, partnerships, and new features can also just as quickly raise the price of a coin.
“Cryptocurrency is only used to buy drugs and launder money.”
This statement is commonly used by media outlets as a way to discredit the entire industry and the technology behind it. The best way to refute this statement is to briefly explain the nature of the blockchain and the sheer level of transparency that cryptocurrency offers. Most people who do not know anything about the industry get the impression that using this currency automatically masks your identity and your movements.
Explain to them that most coins have a global database of transactions which can freely be viewed by anybody. This, alone, is enough to discourage people from laundering money and purchasing illicit substances since law enforcement, the IRS, and other government bodies can track purchases with more ease than fiat.
“There is no underlying. value”
This is a half-truth. While cryptocurrency does not rest its value on assets like gold or land, it instead derives value from its developers and its code. Arguably, this is similar to how legal tender derives its value from its government and laws. Similar to how a decision or press conference from the President can affect the price of USD, an announcement from a lead developer can affect the price of Litecoin.
“It is too late to make money.”
I have personally found this argument to be said by people who only know of one cryptocurrency: bitcoin. Generally, the easiest way to open their mind is to show them that CoinMarketCap actually lists over 1500 coins and tokens. Of course, only a fraction of them are worth investment, but it proves that the industry is expansive.
New coins and tokens are constantly entering the market, many of which shoot up in price significantly after a while. One coin that has not had a long history, but is valued highly, is Nano. The coin only came into existence in early 2017, but in the space of a little over a year it has risen to the 28th spot. The main reason for this is the team it has and the technology it runs on. Finding a new coin with a great set of programmers and impressive code can be one way of making money in the industry. Of course, it is not the only way. The much larger coins like bitcoin, ether, and monero are still considered good investments now— this is because people still think the technology is undervalued. If that is the case, then it certainly is not too late to make money.
Originally published at cryptodisrupt.com
Haters will always be there and will say everything they want because they do not understand it further. Bitcoin is not a pyramid scam because you do not need a boss or as they say uplines and downlines, you can be a boos of your own. Although they say that it is used by criminals, they just say it because that is what they hear from the news so people might actually believe it. Bitcoin has a value however it changes very frequently Its not too late to earn money as long as you know the strategies and you invest intelligently. There will always be haters and I think that they talk like that because they do not understand well about how bitcoin works but we supporters let us continue to earn, grow and profit using bitcoin. |
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There are different reasons why we do things generally in life, Cryptocurrency too is not an exemption. Different people have their reasons for involving in Cryptocurrency as a whole. To me, I first heard about Cryptocurrency in 2016 after my adventures with ponzi schemes. The impression I first have was impressive because I was in a good hands then, my mentor was a keen and always ready to help person and he achievement was there to show for it. So I was curious to get started and join the big guns in Cryptocurrency world.
Share your views on the reasons that got you involve in Cryptocurrency and let the newbies learn.
I involve myself in bitcoin because it is fun and interesting. While enjoying, I also earn money by bounty campaigns as well as investing. I first learned it because a friend introduced me to it that you have to post in campaigns and bitcoin discussions while earning money and learning about bitcoin. Basically, I think people enjoy it because they are earning money while they do it as a part-time job. In addition to earning, I was also very curious before that is why I joined. To gain extra information and learning about cryptocurrencies. |
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When will we reach the state of more of less stable cryptocurrencies or it is in their nature and will never end?
Volatility is the characteristic of bitcoin and it is really its nature. Its volatility is because noone knows who controls it so it is in its own advantage. Prices will never be stable because when it does, I think investing in this cryptocurrency is not anymore worth it. The more it is volatile, the higher its potential to be profitable. Prices will continue to flactuate up and down and we must be thankful for it. |
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As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
For the past year, government had tried to destroy bitcoin by banning it from different nations and even influencing huge companies such as Google and Facebook to ban it. But bitcoin survived. Although at first we thought that bitcoin cannot survive it, bitcoin always prove itself and now the price is again at a high level. The government can try to pass regulations to limit what bitcoin can do but that is the advantage of bitcoin, it can never be controlled by anyone or anybody even government or huge association. |
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The question itself is the answer “PANIC”. Everyone knows cryptocurrency market is highly volatile and risky. And most of the people do emotional trading. They sell when it is crashing. And suffer from the loss. They panic and sell in the loss. What is the point in selling at low? One must wait for the market to turn green and bullish. The way to stop the panic is to not engage in panic-inducing activities such as day trading. It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead. The doctor says don’t put your arm overhead  If you are in need of urgent money than selling is OKAY but for profit, HODL is the best. When you put your emotions in this business, bitcoin business is not for you. You must play intelligently not emotionally. I am giving the benefit of the doubt to some people who are selling it now because some of them maybe, really need money at the present so they sell their coins. However, those who sell it who are just overwhelmed with the high price needs to think twice or even thrice before selling. Anyway you cannot blame some people because it is the highest price of bitcoin for the last 2 months but again, you need to think again and again. |
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As recently government are banning bitcoin in some countries. Do you think can government destroy bitcoin?
I guess the bitcoin is already created on the internet and it is already been up in the system having the thinking that no one was an owner of this bitcoin, In my opinion, is a big lie that blockchain is already up and developing over time I don't believe that there is no one that is making this all happened meaning it is already so powerful.When it comes on the internet even the government cannot shut down the bitcoin and blockchain easily because it is already up all over the world surely they could have blocked it but it could go back and already even if they block it in their county there is always a way to access it. |
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Where do you guys get your info from? Like Twitter, PBC, coindesk articles, etc. Always looking for new sources for research  The best spurce of information is the first hand information holder.With that you can ensure that the information is legit and exact.Just like informations about bitcoin you can have legit informations if you ask questions to people who are using bitcoin. |
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Hello, i'm kind of new into crypto currency, I am currently trading on few exchanges. But i noticed all of the exchanges use bitcoin to deposit and withdraw, also no matter what coin you trade use bitcoins. So when you decide to withdraw your bitcoin and convert to USD, how do you go it? I don't see any option in any exchange, which is very weird.
Some people cash out bitcoin because they need money for their financial needs.Bitcpin is like an automated money that you can cash outbin times that you need money.In butcoin you can ensure that your money is in safe hands. |
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The first thing I did when my brother encouraged me to get into BTC was
to read Satoshi Nakamoto's whitepaper. At the time I didnt understand it
fully but I understood enough that my interest was piqued.
Before getting BTC there are steps to take.
1.] Getting verified on an exchange
2.] Choosing a wallet to store the coins
Its a big learning curve but if you believe in the future it becomes enjoyable.
Yes investing in bitcoin is not that easy because in bitcoin you need to use your money amd then wait until such time that the value of the bitcoin becomes higher from thay you can gain and earn so much money and you can be very successful. |
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For me you do not need to take any courses and spend some money for it because it was easy to learn about bitcoin just search and read i think you can catch up the idea of bitcoin. Also you are here in the forum and almost all the information you need is here and all of that is free.
Yes it will ne very helpful for you to learn in courses about bitcoin because im bitcoin you can gain and earn so much money and you can be very successful.In bitcpin you can make yoir time and effprt so very productive. |
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How Is Bitcoin In The Future? The number of altcoin that popping up sometimes for me to think how bitcoin 10 years from now  Is it still exist or has been replaced with a new type of better currency ? Many altcoins can now be traded with local currency and other altcoins and are not fixated on bitcoins. Question: 1. What is your Prediction ? 2. And what the reason ? Maybe that's what I want to ask , hopefully the answer can answer the question in my brain. thanks Bitcoin in the future i believe will be very successful.Because bitcoin is very helpful to many people especially in their financial needs.That is why many people are supporting bitcoin and bitcoin nowadays is so very strong. |
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Well, are you people ready to make a great money? The market has turned back to the growth. It's time to buy, don't miss the really moment. It's going to be very quick. Does anybody doubt that market will see many fold increase?
Yes it's time.This the the time for you to invest in bitcoin.You just have to buy bitcoin and then wait until such time that the value of the bitcoin becomes higher and then sell your bitcoin.From that you can get your return on investment. |
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