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Yes. Bitcoin is made up with that much precaution as no one can even interpret it. Bitcoin is node connected peer to peer network, where every user connected to node to verify transaction by contributing computing power. Bitcoin is anonymous, digital, decentralized, safe, secure, transparent, open source currency based on its own protocol. which is no one can break.
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Yes.
Ethereum is most popular cryptocurrency among crypto market after Bitcoin. Although more dumps ETH have made its standalone position by offering Smart Contract Token distribution within same wallet address. Is really admirable development.
Major tech communities and users supports Ethereum globally.
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Till date there are not major exchanger for exchanging cryptocurrencies directly to fiat currency. To get cryptocurrencies to fiat, first user must have to exchange their crypto against BTC and then have take their BTC to their local exchanger to exchange them in fiat. This is the only way to get crypto to fiat. Otherwise there are many untrusted sources to exchange your altcoins. Currently ETH only have local fiat currency exchanger.
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World have invented amazing technology named "Blockchain", which can be implement and use for day to day. Bitcoin is just a example of Blockchain technology. Still many things are going to happen. So government must have to take appropriate action implementing Bitcoin as a source of income with taxation by legalizing them. If it is not done at right time, it may cause big trouble for governments in future.
Because people elects governments, an if government fails to fulfill people demand then governments will be collapse.
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I think in India it will take certain time to get any content or syllabus to be publish to learn in academic sources. As for now I have few of my friends in India. They still even don't know Bitcoin, SO thinking about blockchain is far away. Even one of friend reply me they don'y have any subject or topic about blockchain in syllabus.
Doing own R & D and using own intelligence can give you more confident and comfort with bitcoin and bitcoin environment, to learn more about it.
Doing PhD or taking any certificate as like hanging tie in own neck, which is not really necessary. I don't recommending even not suggesting. Just spend time to understand yourself.
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It can happen because Bitcoin has many disadvantages such as slow transaction speed, small size of block, high fee. But I believe that the developers will improve it
Guys already there are more than 5000+ cryptocurrencies are in global market. Among 800+0 are really great cryptocurrencies which have really great value compared to bitcoin. But till date Bitcoin is the first and most loved projects by its users. In coming future if user turns there mind, then it can be happen that any other cryptocurrency can take place of Bitcoin. But still, Bitcoin is unique and will be memorable till last as a pioneer of cryptocurrency. |
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Yes.
Bitcoin is especially made up for that. Bitcoin is basically a commodity which can be accessed and transacted electronically only. Addition feature of Bitcoin that it can be transacted without any third party interaction, give itself more value.
Bitcoin is globally accepted digital currency which is evaluated in fiat currency. So anyone who have bitcoins, can easy en-cash with fiat currency by exchanging them on your local bitcoin exchanger.
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Bitcoin is peer to peer cryptocurrency which can be accessed via internet only. It means its clearly a digital/virtual currency which can be stored transacted electronically only. In such conditions price of Bitcoins is decided by its users. According to Bitcoins specification there is limited number of supply of Bitcoins and will be generated till 2145. So till 2145 value of Bitcoins will be more higher.
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I know already 1 pizza was sold for 10K Bitcoin. Imagine the time, when Bitcoin had no value at initial stage when it born. But now time is changed. People are aware about importance and future of bitcoin due its special characteristics.
Bitcoin is not basically currency that can be accepted anywhere or any shop. But it have that much ability to make tiny transactions. Its basically a commodity, which value only increasing day by day as more equivalent power consume is utilized to keep it safe and secure. Its a platform without interpretation of any third party to make transaction of asset evaluating in fiat considering current price for exchange.
Now about McD. Its upto user as they can use their bitcoins for transactions to make payment equivalent to fiat currency. But it will costs more to user. As user have to pay fee for transaction.
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If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.
It may be possible in the near future but paying it with fiat seems more convenient than most families since not all of them know the existence of bitcoins. Another thing, bitcoin's nature being digital, this limits the number of families who will pay using bitcoins since again, not all families are connected into the internet especially the marginalized ones. Teaching bitcoin to universities or schools is certainly a great idea to educate the youth about the value of money, investments, and knowledge to be able to produce revolutionary technologies that may contribute to bitcoins in the future. Bitcoin have this advantage that it can be split into 100000000 parts. But at the same time we must have to consider current price of Bitcoin. In coming future transaction fee for Bitcoins will be quite higher and cannot be affordable to normal person to send small amount of Bitcoin. This fees goes to miner for confirming transaction by solving block by contributing hash power. Bitcoin will be a top class, precious commodity asset. So in future there will be more other altcoins used for such micro payments/transactions. |
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Well you can simply use BitPayment for instant exchange of Your ETH to BTC, without even touching to any exchanger.
BitPayment in partnership with Shapeshift offering Instant Exchange for Your Blockchain Asset. BitPayment give simple and easy UI and UX to make transaction smoothly.
While using BitPayment kindly, take all precaution and security majors to get best results and experience.
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Bitcoin is rising too fast. It is not normal. How do you think?
I predict Bitcoin will fall at 7k on December
Bitcoin value is really unpredictable. We all know that it suddenly rise from moment to moment but it also has the tendency to decrease at the same time as well. If ever the value of bitcoin will decrease by December, I have strong belief that it will soon recover as well where its value is much higher than before. I am also thinking that price of bitcoin will down in December to increase liquidity and market cap of other cryptocurrencies. Most of time this happens but soon price of Bitcoin will recover back to its current floor rate. Bitcoin definitely have great future. Price of Bitcoin can be reach beyond $100K or even more, according to its production and distribution. In the mean time altcoins have make significant improvement in market price against BTC and indirectly fiat. Future is will come with more decentralized technologies, revolution and inventions. |
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First thing Bitcoin is master/prime currency among cryptomarket. Each and every cryptocurrency is indirectly connected to bitcoin as its value can be decided in price of BTC.
So obviously price of altcoins also get impacted with increase in price of Bitcoin against Fiat currency globally. But many altcoin holder dump their altcoins for higher exchange value in fiat currency while price increase against Bitcoin.
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Well I think may the these countries want to use their people to work for them in order to get tax from them I think they are worry about it that when they let free bitcoin in their countries so all the people will move toward bitcoin and they will start to get their money from bitcoin so I think that can be a reason which is a wrong decision by them. because they don't know how to demand taxes from this, and still fear for the economy of the country
Yes its for sure that many undeveloped countries are still not aware about potential of Bitcoin. Already whole world might have aware about Bitcoin Because its been since from 2009. But still government not allowing it. But soon every country will accept it. Because this is the future. Government must have to be prepare to find appropriate solutions by implementing bitcoin and other altcoins for taxation. |
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Well Just got notification while logging to Minexbank Attention!
Dear MNX holder! You’re using an updated version of MinexBank client.I checked out there on website, major updates made with Minexbank. Minexbank is startup project of Minex Ecosystem. And Minex Team have made major updates check out link https://minexbank.com/updated. Minex Team already working on Minex platform to combines the functionality of a simple and safe payment processing infrastructure with Minex Ecosystem for online shopping and cryptocurrency operations. Which will definatelly support to control volatility of cryptocurrencies price against fiat currency in global market. I personally really appreciate with Minex Team's Great Vision. Minex Ecosystem have Admirable and Powerful Decentralized Control with Distribution, Generation, Supply, Market Cap, Volume and Price in Fiat and BTC/ETH of MNX coin. |
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Just thought comes in my mind like as.
Bitcoin is just a trailer actually other cryptocurrencies are made up for these transactions. Bitcoin is reached to sky limit right now so obviously user will start to use Altcoins for micro transaction. Which will be more convenient for both buyer as well as seller, due to lower transaction fees for transfer of altcoins.
And Bitcoin will be most valuable Cryptocurrency ever in Universe.
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Bitcoin is the only future, but not of money(currency). It will be most precious Cryptocurrency. Right now Bitcoin have already break the height of price which is really non affordable to common person to buy bitcoin, But this is just beginning. In future there will be many altcoins will takes place for micro or tiny transactions.
Second thing many businesses, corporates, governments and even individuals are going with blockchain technology. This is just start of new era of real digital world. And future of blockchain technology will be more bright, significant and sustainable, which will indirectly affect on value of Bitcoin.
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Yes this is very risky...if yours country law bans btc then your all moneys gone...
This is important that make only that much investment that you can afford to lose. Bitcoin was good investment at initial stage, which give good returns for supporter and holder. But Now time is changed, Bitcoin price is skyrocketing and governments are still in testing phase. So, think twice before making investment in Bitcoin. But still, Its for sure that price of Bitcoin will rise up and up and up ..... |
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Actually i want to know when we earn btc how can we get it to cash . Is there any secure website or something
I don't really know how it is in other countries, but in my case, we have coins.ph. We can transfer our bitcoins there and sell it at their price, which is near the buying price, and then withdraw the cash at any listed banks in their app. We can then drive thru and present our ID, and then get the cash. Anyone can withdrawal Bitcoins via cash globally with localbitcoins. But still want to make deal securely. Then Kindly find local fiat currency exchanger to trade your Bitcoins. Once Bitcoins traded to their platform they will issue payment in fiat currency. Which can withdrawal or hold. If want withdrawal to your recommended bank account you can request withdrawal. For this process it will require KYC. Which you have to provide to local exchanger. |
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Keeping wallet safe, secure and private is very important.
Bitcoin is becoming more valuable day by day. By this year only Bitcoin reach from $1K to $10K. So keeping your Bitcoin safe is very important.
Few preventive measures to keep Bitcoins safe and secure :
1) Never click on suspicious links.
2) Don't hold/keep your Bitcoins on Third Party Wallets.
3) Don't hold/keep Bitcoins on Exchanger for long time.
4) Take a back up of your Wallet in different type.(Such as Private Keys, Wallet.dat file)
5) Never share your any account login credentials with anyone or don't use on other websites.
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