We have seen a lot of things we can use bitcoin for.like paying of bills, trading I learnt some organizations accept bitcoin not in countries like China.. etc please do they accept Bitcoin at you country traveling embassy?
I think that the use of the word "embassy" is not rational here. Embassies are of the governments therefore they can only accept the fiat money of their own country or that of the country they are in. I still have to hear any embassy getting into cryptocurrency and if there can be then that can be on the news. Most probably, you can referring to countries where it can be easy to use Bitcoin to buy anything (products and services) and in that case I think there are now merchants of different countries accepting Bitcoin and if you are planning to travel to a specific country it would be good to know in advance if merchants (like hotels, restaurants, shops) are already into Bitcoin. Now, we have to admit that it can be more convenient for a traveler to convert his Bitcoin in advance and just bring the fiat money instead. You can also be inspired by going to YouTube and look for videos of people travelling the world just relying on Bitcoin. We are dreaming of a time when the tourism industry in many country can be so friendly to Bitcoin or cryptocurrency in general. |
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The challenge to get into six-figure level can be so big that maybe we should stop thinking that it can happen within just 2 or even 5 years...we should allot more budget of time for this level to come into reality. Right now, there are many "problems" associated with Bitcoin but as for me things all boil down to the level of demand for this said cryptocurrency. We know that it has a limited supply of around 21 millions and this can be fixed so it is on the side of demand and use-cases where the biggest challenge is. Personally, I am allowing maybe 15 years as conservatively the time needed for BTC to reach the 6-figure zone (based on how things are going on right now), that is if Bitcoin will not be dead before it reached the line.
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As ERC20 And TRC20.
Tell me about it.
100% either a scam or a misunderstanding since it is impossible to have a gold backed "Tether". Learn from history, have you ever heard of the "Liberty Dollar"? Warehouses full of gold get raided by the Feds. Simple conclusion: ERC20 and/or TRC20 backed by pure BS. Tether has a questionable and controversial history that is I am quite wary of this so-called TetherGold but knowing that people behind Tether has this capacity to pull things and make them accepted by the market and be successful then I would not wonder if this new option (a gold-backed at that) can soon be as popular as the one backed by the usual fiat money. Seems to be that there are many people who are interested anything connected with gold, certainly a good market can be waiting for this one. |
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I understand that Ukraine is one of the most popular crypto-friendly countries in Europe but it does not mean that the government is not doing its "normal" surveillance job especially with people or organizations suspected of doing illegal things like money laundering, drugs, human trafficking and similar crimes. Of course, there will always be debate if the government has the right to get into this relative to cryptocurrency but there is nothing we can do here to stop any government body from doing what they want. What we can do then is to be careful not to be subjected on its sovereign power and reach. In my view, this same trend can be happening in many countries as well as the cryptocurrency industry continues its progress and influence. This means that even the government is now feeling the importance of this industry, otherwise they won't bother with anything at all.
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It would be interesting to see why you think Bitcoin (or other cryptocurrencies) will surpass traditional methods of payment (Cards, Bank transfers, payment gateways etc.).
why does it matter? bitcoin was never created to "surpass" or replace anything. it is an alternate option that works in an entirely different way (in short decentralized) and the goal has always been to keep it that way not to compete with or replace anything. Or if you think they have no future please share why.
that is an entirely different discussion which has nothing to do with your main subject. not replacing traditional methods doesn't mean complete failure and no future. the rest of your arguments regarding 51% attack, speed,... are already discussed in dozens of other topics. I think we have this misconception that Bitcoin can only be really worthy if soon it can be able to topple all the banks we have around. I am not so sure but I am not buying that crap...and we should stop that kind of non-sense because yes in the first place Bitcoin is not made for that type of thing. Why should a decentralized platform be compared to what banks which are centralized infrastructures can be providing. Bitcoin can stand on its own. Maybe we are just carried away from our philosophical ambitions that we have forgotten the big realities out there. Personally, I don't believe that big banks will magically cooperate with each other and then just suddenly decide that they will pour millions just to defeat Bitcoin. This is just another conspiracy theory to me. If I am a banker right now, I will not be threatened at all with Bitcoin because it is not making even a small dent with my revenues in remittances and other banking services. According to what I read, not more than 10% of the USA population is into Bitcoin and that means we still have a lot of years to work on to make it really go into mainstream. |
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Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud scandal known as the Cum-ex Files.
Good thing that they were caught and maybe now facing prosecution for them to pay the crimes committed. As we know, this can be quite common with the banking industry and I would assume that only a few countries can be immune to this corruption. As long we are dealing with human beings, there will always be schemes and scams that can happen because we are always tempted to get more than what we are deserving. Is this bad human trait not showing up in the cryptocurrency industry? I prefer not to answer my own question. |
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Would you actually believe the halving would make this possible? Or is it just another unsure prediction?
Any prediction on Bitcoin is unsure by nature because nobody can really be sure of what can be...we do not have the power to exactly see what can be days ahead and we do not have the magic wand to make things happen the way we imagined them to be. Therefore, the $400K prediction is just that...prediction! Nothing more, nothing less. Personally, I am expecting some upward movement with Bitcoin due to the halving effect (we can say it can just be a self-fulfilling prediction or whatever) but there is a big chance that it can never go beyond the $20K level though that can be true in 2021. Of course, not unless China will open its big market and many other big countries (including India and Russia) will suddenly approve Bitcoin then maybe there is a slim chance for the $400K projection. Otherwise, this is just a pipe dream. |
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What would be your opinions be on this? Should more and more governments create their own digital currencies and introduce them to their population or should we not support the creation of digital currencies made by governments?
My own opinion is that this can be both a threat and an opportunity. We know that this can mean that we will have a big competition and it is coming no less from the government. The government will, of course, be exerting all the effort they can to make their cryptocurrency be accepted as wide as possible and be more successful that decentralized versions. However, with this development, there is that validation that cryptocurrency must be working otherwise no government will be taking it in. In the end, we would realize that this can be more of a big opportunity and less of a threat, depending on how things will turn out to be. We should always remember that government-sponsored and controlled cryptocurrency is just a digital form of their own fiat money, just getting cosmetic changes and maybe in another form. Eventually, there will be platforms that can integrate government cryptocurrencies with the usual cryptocurrencies we already have and this can widen the market more and adoption can then be heightened. |
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Definitely, there is no application of any BAN of cryptocurrency in India because I think there is still no law passed and approved for this matter so the India Central Bank could never pronounced any ban. But, and this is where the problem is, they are making it so difficult and even impossible for the fledgling cryptocurrency industry to connect with the banking system, making people wary and nervous to continue dealing with cryptocurrency -- certainly not the best environment for this industry to continue growing. In the most effective way, the government has stifled the cryptocurrency industry, and they are doing it successfully even without banning anything. Sadly, this is showing us that cryptocurrency can not really ignore the power and influence of the government. Let's hope that since it is quite clear that there is really no BAN, people will realize that in the first place cryptocurrency means people to people and that they can still do business here without the government and the banking industry.
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I love how swiftly we could transfer funds without any restrictions and questions asked. There are too much things to provide to gamble with your money on traditional gambling site and crypto has made it quick and easy. No mo Paypal, their fees or restrictions. I can easily ask my clients to pay in bitcoins and they happily do that.
This is also what I love about Bitcoin. In the past, we should be dealing with the restrictions dictated by PayPal and we knew of many horrifying experiences by its users. With Bitcoin, we are given more freedom or leeway we never got from many service providers, though we have to admit that there are some "shortcomings" with Bitcoin too but this is still a work in progress so we are expecting more from it in the coming years. Right now, there are now many ways that Bitcoin is benefiting us and one that I am always emphasizing is that a person in any part of the globe can send the said digital asset anywhere fast and efficiently at less cost as compared to what the banking industry can provide. |
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Let's hope that something good can come up for the blockchain and cryptocurrency industry in the World Economic Forum 2020. We are already aware that there is a building up of interest with the blockchain technology and we have recently seen that with many pronouncements from China, a country which can soon be the top global economic power. Many famous and big firms all over the world are now noticing and even experimenting on how this technology can be of use to them, and I am sure that funds for its research can be pouring as the result. Now, with cryptocurrency like Bitcoin I think this is where some major concerns are expressed by the governments but they know that sooner or later they got to deal with this squarely and fairly as much as possible.
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There has been a lot of attention on Bitcoin over the past decade. Do you think this has taken attention away from gold and silver? How has the Bitcoin market affected gold and silver’s place in the world?
Not at all. Bitcoin is a gift to the gold story. It widens the audience for it. It’s the same story. They have the same enemies and the same friends. It’s just a shame you have some of the hard core gold bugs that refuse to attribute value to anything that is not tangible, as though the internet itself never produced an intangible asset. But humans are humans. On the crypto side you have the maximalists who believe crypto will destroy everything traditional. They remind me of the internet maximalists back in the nineties who thought of mining as part of an old economy that need not exist now that we had the internet. So they put off a lot of gold bugs because they are not that smart to begin with. A lot of them are hung up on the idea that bitcoin is not tangible, or that anyone can create a cryptocurrency since it’s just code (so they even call it ‘fiat’), or that it doesn’t satisfy Ludwig von Mises’s regression theorem, or that gold is better money, and so on.
All of these are misguided criticisms that puts them at odds with the crypto entrepreneurs, but not all of them are hardcore hard asset types. The Austrians themselves are divided over whether to place relevance on the fact that bitcoin had an original value as a commodity or not, and regardless that Walter Block answered this question by explaining what Mises really meant about the regression theorem. But a lot of gold bugs remember they are not necessarily all in the same political sphere. Some of them are neocons, minarchists, and even communists.
I now see four worthy and sounder opponents for government fiat currencies, including the US dollar: gold, silver, bitcoin and monero. The four amigos, I call them. They move together and they lead the commodity complex because as you know commodity cycles are largely monetary.
People in the gold industry and who seem to have adopted an anti-Bitcoin stance should be hearing this man. He is making things at the right perspective, making gold and Bitcoin as really friends and not as enemies of each other. In fact, I believe that with Bitcoin we gold also highlighted as both can be considered as safe haven especially on times of economic and political distress. And yes, they can be growing together. |
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Start buying the dip guys. Now is the moment ⏱️ to accumulate for BTC halving. Don't miss this low. I got orders from 8,3k to 7,9k. Going lower than that it will be difficult. But who knows. I still have some cash left in case it goes lower. Be greedy when others are fearful. ⚠️ Maybe you will see that I'm new in this forum, but that doesn't make me a newbie. Read the topic I wrote called "Backbone analogy for BTC current & future price movements" where I predicted that this dip would happen. And of course this is only my personal view. Make your own responsible choices. Good luck!  The most accepted prediction is that Bitcoin will really be rising maybe beyond the $10,000 zone as the rewards halving is approaching, therefore a good risk-taker should be taking the current dip to further stock more Bitcoin as much as possible. A dip is an opportunity that we can use anytime it is happening, rather than be paranoid and panicking. The only thing is that it is difficult to determine if Bitcoin will continue to dip or will it be doing a reverse soon. |
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This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?  Yes, Bitcoin is now used by some real estate agents and companies and it is doing just good. In fact, Bitcoin, just in my view, is more suited to big-time transactions because by then the transaction cost can really be minimal. The problem with Bitcoin is on micro-transactions like buying a coffee or a candy in a convenience store. Real estate, of course, involved a good amount of money and this can be a good market for Bitcoin. though we have to accept it that this is not yet the norm. I still have to heard a verified figure of all the real estate transactions done in Bitcoin as we know that bank-to-bank and even cash remains to be the most convenient as the infrastructure is easily there. Now, I read somewhere that foreign buyers of real estate (maybe coming from Middle East, China) prefer to use Bitcoin so they do not have to transfer their money to the country where the sale is located. Luxury goods market (and we can include real estate here) can definitely benefit using Bitcoin. |
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No government can technically stop Bitcoin but it can make things around it very difficult and this is what is being done in China. With the kind of government that USA has, its good thing to see that it is not really as paranoid as China. Now, although transactions in Bitcoin can be less transactions for the dollar, we should note however that eventually if we are talking here of the usual business or even with eCommerce (which is gaining traction) the Bitcoin is going to be converted to the dollar anyway. So at the end of the day, Bitcoin is also acting just like a foreign exchange, not really a big threat to the government nor the dollar. Plus, the government now understand that this is just like any other industry and therefore it can gain a lot with implementing the taxation laws on it in every turn and twist.
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The thinking of new peoples who wants to invest in coins, they first of all want to know the benefits, security, alternatives and effect of invest in their lives. Several of peoples doesn’t have enough knowledge of coins who are in already in market, some of coins are includes in this time.
Cryptocurrency and specifically Bitcoin is here to stay, for sure. However, unlike fiat money, there is a learning curve here because if one is not careful anyone can lost the keys (or even the password to any wallet just like the famous Peter Schiff) therefore we can say that there is a little technological barrier in here and an ordinary guy (just like me) has to spend some time learning the ropes. Now, if one is interested into the investment side of cryptocurrency there are risks involved and one can manage those risks well through education. Will there be a one-world cryptocurrency? No, that is already a far-fetched dream for me. In fact, we have a big problem of pushing Bitcoin to be the globally used cryptocurrency, for that matter, due to many factors. |
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This is quite expected since we all know that cryptocurrency really has the potential to be utilized by people illegally (well, just like the fiat too) and so some governments (UK specifically this time) to be ready for an era where cryptocurrency is part and parcel of our daily lives. I am sure they had set-up almost the same mechanism for the illegal use of the fiat money as well. There will always be a tug of war here and nothing surprising anymore. The government is just doing its job but in cases where it overstep the boundary then it is our responsibility to call out and criticize them.
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John is good at exaggerating things maybe just to get the attention he is seeking. Nobody in his right mind should be taking all the words he is issuing to be true or will be true. He is a marketer, and he might be believing that any publicity (even the bad ones) are still publicity. Now, compared to Mr. Craig Wright, I would still prefer to have John anytime. At least, we have here a man who is a strong believer in Bitcoin that he is willing to eat his thing live but of course he is just taking us for a ride.
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