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401  Bitcoin / Bitcoin Discussion / Re: China banned ICO's not Bitcoin idiots! on: September 06, 2017, 12:35:05 PM
it's just idiots and the misinformed that are running around spreading FUD, as they do every time something that is perceived as 'Bad' happens, nothing out of the ordinary. wait it out and people will read up for themselves and get over it in a week's time.

Finally, somebody lost his patience about all these panic posts about the Chinese government decision and decided to give the simple answer:)
it happens every time, and it will continue to happen every time; it's actually funny to see it at this point. I've accepted trying to correct people at times like this is pretty much effort wasted.

in my country a major newspaper wrote that China banned bitcoin. they write fake news on purpose  Undecided
the media outlet was probably uneducated on the subject, they usually tend to be when it comes to newer technologies and ideas.
402  Bitcoin / Bitcoin Discussion / Re: And We Are Back! on: September 06, 2017, 09:59:30 AM
BTC is almost $4500 at this moment.  IMO, $4900 is possible this week or next week.
we already know it's possible; before the news of China's ico ban, bitcoin was at 4970 usd per coin. now it's just a matter of seeing at what point the price rise is going to stop, and if it'll remain there or start deprecating as a price correction.

I think Vietnam having bitcoin legalized helped bitcoin's price bounce back even for just a bit. But I don't think that the bitcoin's price will still not be back to its level before the price plunged down beacuse of China banning ICOs and for this it will take some time before the market recovered.
I'd think so too; every event has some effect on an assets price and stability, even a negligible one. however, I don't think the full extent of China's actions have been felt just yet, we've yet to see a project of importance get shut down or delayed. we might be seeing some price fluctuations in the future if that's the case.
403  Alternate cryptocurrencies / Altcoin Discussion / Re: the relationship between China's ban on ico and market prices on: September 06, 2017, 06:40:25 AM
China banning stuff...again and again.
China has been banning things since 2013 and it's the same old story.

They ban something but the law is not clear and in fact they haven't banned anything but they plan on banning something.
In two week we will hear that tokens are legal in China and the news was a mistake and in two more they will be banned again.

Rinse and repeat. In the meantime you can start buying some even if you are in China.

even if they do reverse their decision, it was a pretty big show of power from the chinese government that they have the power and means to affect the bitcoin market; that alone i think is a powerful card to hold. they didnt even issue a ban on bitcoin itself, just a ban on crowdfunding projects. and with that, they managed to knock down bitcoin's price more than 10% practically overnight. of course, we have recovered most of the damage now, but imagine if another superpower, lets say, the US, bans ico's as well. at that point, i wouldnt hesitate to say that the damage would take at least a year to recover from, even partially.
of course, people spreading FUD have a part in it too, but personally i think they're too easy to see through and don't have a sizeable impact on the market.
404  Bitcoin / Bitcoin Discussion / Re: What If Bitcoin is banned? on: September 06, 2017, 06:26:30 AM
I think if bitcoin banned it will make the price go down.
But i think it will not happen. I think many country will accept bitcoin because there is good future to bitcoin. I believe it!
it wouldn't just dip; depending on the geopolitical influence(s) of the country (or countries) that ban(s) bitcoin have, the price of bitcoin could very well dip to 10% or less of what it is worth now. the stronger bitcoin as an idea becomes, the stronger the push for regulation and limited forms of control will become for the nations and states that govern the people. some countries could very well choose to openly accept bitcoin into their future, such as what Japan has done, but it only takes one superpower to destroy all that progress. we see that just this week, china, a global superpower, has decided to ban ICO's, which have had a major part in the growth of bitcoin in the past months. however, imagine if they were to ban the use of bitcoin outright. we've just eliminated a good percentage of the world's population that could legally use bitcoin, and at the same time diminished that much progress that bitcoin has made as an idea.
405  Bitcoin / Bitcoin Discussion / Re: And We Are Back! on: September 06, 2017, 06:14:28 AM
In my own opinion I think we can reach back that price within a couple more weeks for bitcoin has to be stable first before recovering from the China ICO ban news. But I do hope it could recover back by the end of this week, I think a lot of people are wishing for that to happen. Either way, no matter how many stones are thrown at Bitcoin it will always find its way back and make a good comeback thereafter.
im all for the growth of bitcoin and all, but at times like these i would very much like to see some stability accompanied by steady growth. as i am typing right now, whatever exchange rate i have set on electrum is showing bitcoin valued at exactly 4500 usd per bitcoin, which is nice and all, but fluctuations of more than 10% either way in the span of a few days isnt exactly the most reassuring thing for bitcoin. my mind is set on the continual growth of bitcoin, but there's always that worry in the back of my mind as to how the next big piece of news might tank bitcoin and cause of chain reaction of panic sells, which would drive the price down even further. in the long term, stability is fundamental to bitcoin's future.
406  Other / Meta / Re: Bitcointalk in a mobile app. on: September 06, 2017, 06:04:39 AM
I have a request to the forum MOD, please create apps for us browsing bitcointalk smoothly.
they have zero obligation to the forum's users to create a convenient mobile application. it's an idea that's been thrown around for a while, but it's more than likely that its not gong to happen. the most you'll get is an app created by one of the forum users, and even then, people are way too paranoid about having their accounts stolen / hacked by the app (as well they should be paranoid about it) to actually use the app.
in addition, even if it was made in the near future, the new forum software would render that app broken or useless until it was updated to fit the new forum software's design.
407  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🉐YuTü.Co.in🉐 REVISED: Next 30 buyers to have 💲 refunded +100% ŕ la BItConnect on: September 05, 2017, 05:54:45 PM
glad to be on board with the project; I'll be looking forward to the developments in the coming months. Smiley
408  Alternate cryptocurrencies / Altcoin Discussion / Re: If Bitcoin dies does altcoin die? on: September 05, 2017, 04:08:13 PM
Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated. Smiley
my personal thought is, alts wouldn't necessarily die out from the association of being a cryptocurrency, but also, by that same association, every alt would take a massive hit. my guess is, for  bitcoin to absolutely disappear or become worth next to nothing over a short period of time, some catastrophic news that completely undoes the ideals and foundations of bitcoin would have to come about. however, alts being what they are with their different characteristics, might weather the storm and bounce back up after a period of time. however, that does depend upon the event that took place that would hypothetically cause bitcoin to be rendered useless. if the same event would also encompass the appeals of the alts, then those too, would be pretty much gone overnight.
409  Bitcoin / Bitcoin Discussion / Re: What's your biggest regret about bitcoin on: September 05, 2017, 04:00:06 PM
I regret not knowing mr. Nakamoto 10 years ago  Sad
i dont think there's anyone that knows his real identity, and if they do, they're hell bent on keeping it a secret. though just knowing him / her wouldnt have brought gain for me in any way, i think it wouldve been more than interesting to see their interactions with the community on the forum in its early days.

my regret is that I do not know that bitcoin prices will go this far. I used to know only when bitcoin prices are around $ 100 and I think that's normal. starting in 2015 I started to regret it when bitcoin prices broke through $ 500.
no one can ever know that; i guarantee if people knew how far assets and stocks would go, they'd work until their fingernails broke off to gather money to put into whatever investment was going to take off. no one knoew startups like apple or google would ever make it this big; bitcoin is no different. it's a new technology and a completely new type of asset, but above all else, an experiment. just being an experiment, it couldve gone either way. fortunately, history has deemed that bitcoin be a very strong technological and economic idea in today's world.
410  Bitcoin / Bitcoin Discussion / Re: The Government Must be Winning! on: September 05, 2017, 03:52:47 PM
the government can not do anything since bitcoin is nearly anonymous and if the users choose to become anonymous to the government, they can never know who use bitcoin. The only thing that the government can do is to slow the process of being a world currency of bitcoin. The number of people using bitcoin is increasing day by day and therefore, no one can ban it right now 
not entirely anonymous, there have been multiple big cases of an address and coins being linked to specific individuals, such as the case with the silk road founder ross ulbricht. remember, everything you do regarding bitcoin, weather it be receiving or sending, all transactions are stored and viewable on the blockchain. as long as you've put your identity out there with any transaction, your identity is now tied to that address, and if there were multiple inputs in the transaction, your entire wallet's addresses could be linked back to you. of course, i dont think anyone should ever be interested in going so far to track a person's addresses down, but if someone's got the time and effort to put into it, its more than possible.

411  Bitcoin / Bitcoin Discussion / Re: The Government Must be Winning! on: September 05, 2017, 08:11:25 AM
The Chinese government plans to ban risky ICOs but not crypto currencies as a whole (at least this is what I understand). Of course they try to regulate and control everything. Let's hope that they will not declare Bitcoin&Co illegal on day. This would drive the whole crypto scene into the underground.
it's the first step; the chinese government cannot hope to regulate bitcoin without drastic measures; controlling the miners (51% attack) is one possibility that comes to mind in giving control. however. even if they manage this, they would have to continue maintaining that hashrate to maintain control. it might not be the best way, but its just one potential method off the top of my head. i dont think at all it would be economically feasible for any organization to do this, so they do what they can: in this case, the chinese government outlawed ICO's in order to (this is just what i think) hinder decentralized projects that it cannot oversee and control if necessary.
412  Bitcoin / Bitcoin Discussion / Re: How to earn Bitcoin without investment on: September 04, 2017, 08:37:41 AM
Lots of discussions on this topic and I still suggest the same thing to every newbie who comes here in searching of passive income. Know your strength and sell services. Be the best in what you do and you will get clients based on that.
it seems to me a great majority of the new people that come to the forum do so because they hear about sig campaigns and whatnot; given that, its strange how people only narrow their view to sig campaigns as the sole means of 'earning' bitcoin, as if they've never heard of a job or being paid for a performed task.

I do remember when i started at bitcoin i were doing faucets, i didnt know how bitcoin system worked before, later i tryed signature and since then i were able to accumulate few satoshis and be able to trade, i had bought and sold few coins just after i join this forum. For people like me without any special skill you should consider faucets, social campaigns and signatures in the end, then you can give a try at trading.
even without any marketable skills that are in demand, there's always menial work that people could take up; i've seen plenty of people take up offers for solving captchas for what amounted to pennies. there's always something that can be done, the only ones that say there's no chance bring it on themselves for not seeking out the opportunities.
413  Bitcoin / Bitcoin Discussion / Re: So Bitcoin is better than Gold? on: September 01, 2017, 11:19:32 PM
True bitcoin is much better than gold and also safer when compared to gold, through investing in bitcoin your money in a very profitable and incremental way for a while at least because bitcoin prices increase day by day.
For me bitcoin is better than gold.
I am not agree with your point of view because for me bitcoin is much better than gold the price of the bitcoin is very high and it is still growing and other thing that if you will keep your bitcoin in a hardware wallet you can keep your bitcoin secure for life time but in gold you cannot keep it for so long because any one anytime can steal it from you and you cannot carry your gold along with you outside it can going to be snatched by the street robbers but bitcoin is your property that no one can ever snatch from you ever.
you're reaching so hard it's unbelievable; first off, there's been numerous accounts and stories of bitcoin theft, you can just Google it and we at least 20 separate, major cases. secondly, you cannot simply compare gold, an asset with a history of stability and growth, with bitcoin, an extremely new idea with a history of volatility.
414  Economy / Speculation / Re: When do you think the price correction will occur? on: September 01, 2017, 09:01:57 PM
At least Goldman Sachs has predicted that after $ 4,800 we could expect a collapse at any time. Merrill Lynch predicted a price of $ 1,300 as the maximum top for bitcoin four years ago.

Therefore, as long as these rascals continue to predict collapses with such "accuracy", we can rest assured that bitcoin will continue to grow despite the bold efforts of these looters to cause fear and new crisis as they have done before.
I don't think it's possible to accurately predict the price of bitcoin and how it will change; bitcoin is, and will always will be, an experiment. It's a rather special sort of asset unlike any other, and I think we've yet to get a firm grasp on what makes it valuable.

I think 5,000 because everyone is talking about 5k limit for more than a month, and expected to reach at the end of the year

When reaches 5k, IMO people will sell some part to have some money to buy on the dip or to protect the money (fiat)

Dunno why people would think that; not saying they're wrong, but I can't see any evidence leading to the fact that the ceiling before the crash would be around the 5k mark. There's also no reason to think people will suddenly dump at 5k either, that's pure speculation.
415  Bitcoin / Bitcoin Discussion / Re: Is there a remote possibility that BTC won't get mainstream? on: September 01, 2017, 04:24:32 AM
First requirement of going mainstream as currency - solving the scaling problem. Otherwise Bitcoin will be a "digital gold" - expensive to move, suitable mostly as storage of value or used only for very expensive purchases.
We may be getting close to it as offchain and sidechain solutions are being developed, so this problem might be solved in a few years.
The second problem is regulation and competition - some governments might start actively opposing Bitcoin, banks will start offering their clients better deals to prevent them switching to crypto. Average people probably don't really care much about decentralization and financial freedom, they want fast and cheap transactions, which was the original promise of Bitcoin, described in Satoshi's whitepaper.
i think with all of these problems presented, especially with scalability, im of the opinion bitcoin itself wont be going mainstream. if anything, a new cryptocurrency based on bitcoin that aims to solve these issues with long term use and scaling in mind will probably be the one to take the torch and be the first real result from the experiment that is bitcoin. who knows, maybe not even that hypothetical cryptocurrency will go mainstream, it'll take a lot of time before we have anything with all the right attributes to actually implement into a large scale economy.

no because it has already happened in some countries like Japan and it has already started slowly and on a smaller scale on some other countries. so your question is somewhat moot now.

The price we dream of for a BTC to be 5 figures is the day my mum has her own BTC account which she takes travelling and she 55 years old.

it doesn't matter how big or mainstream bitcoin gets, some people will never use it. the same way they are not using other technologies such as computers, cell phones, credit cards,... i hear some old people who say they don't trust or understand them so they don't use them. it will be the same with bitcoin.
also true; no matter what, people will resist change, especially change in something that has remained unchanged in their lives up until that point.
416  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin Kick Every Other Paper Money Out of Business? on: September 01, 2017, 01:17:46 AM
I want us to discuss on this topic. Do you see bitcoin kicking other paper money out in the nearest feature?

I will love to hear your views guys.
no, there will always be a demand for a physical form of any currency that can be easily traded off without hassle, fees, and other procedures that might hinder the process of a simple trade. why go through the process of sending a transaction, paying a fee, and waiting for confirmation times for a small, everyday transaction? it's just incredibly inefficient. what im reading about the lightning network is supposed to rectify this issue, but im not too sure yet, ive still got reading and catching up on the subject to do. physical forms of currency provide a practical, simple solution as well as an alternative form of payment that doesn't require a network connection for people (i would imagine the connectivity might be an issue for some people in various parts of the world).
417  Bitcoin / Bitcoin Discussion / Re: Bitcoin and governments on: August 31, 2017, 10:34:36 AM
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
The first reason why some country don't legalize or officialize the use of bitcoin is because it is not subjected to tax, Government will not get a single thing in legalizing bitcoin unless they will impose tax into it. Second one is bitcoin users anonymity, It can be use in illegal activities and fraud such as money laundering and etc.  
so? anyone can use paper cash to buy weed off their neighborhood weed dealer, these purchases aren't taxed, and its definitely illegal. in addition, hand to hand cash trades are even more anonymous than bitcoin, where you can view every transaction on the blockchain. every one of the reasons you've listed can also be said of paper money, yet the government doesn't outlaw it do they? you're looking for reasons, yet not thinking them through.
418  Bitcoin / Bitcoin Discussion / Re: why do governments don't make BTC illegal worldwide ? on: August 31, 2017, 02:34:41 AM
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !

BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?



It is because they cannot do it in the first place. A government has its own jurisdiction and there is no such thing as worldwide government. Yes there are worldwide organization but they lack the power to impose such. So the only way to make Bitcoin illegal worldwide is to make all nations to unite and illegalize Bitcoin, but that will never happen.
your comment is paradoxical; if a government has its own jurisdiction, then they're free to ban or legalize anything within their jurisdiction; ie they have full capability to do so within their reach. as far as saying these 'international organizations' have no power to do so, you're partially right; orgs such as the UN do have some geopolitical influence, but they are more or less a peacekeeping organization, and would have no place supporting financial legislation / policy.

I do not know, if we look at it, bitcoin is a very good technology for all countries. even that can reduce unemployment in the world. but for some people, maybe bitcoin could be a threat to increasing numbers of illegal transactions. so maybe there are some factors that make bitcoin not yet legal
good is  a subjective term in this sense; some authoritarian governments that like to control every facet of how their economy is regulated might see bitcoin and blockchain technology as a threat, wheras people like us, who take an interest in the topics mentioned, might see it the complete opposite.
419  Bitcoin / Bitcoin Discussion / Re: Do you think digital currency will ever replace paper money? on: August 31, 2017, 02:26:27 AM
I'm pretty sure that digital currency will replace paper money in near future, but we don't have that suitable coins right now. To replace paper money, a coins must have these followings feature:
1. Scalability
2. Big number of coins and can adjusted for inflation (maybe)
3. Untraceable (you don't want the shopkeeper to know all of your wealth just by checking on the blockchain)
4. Fast blocks (a little bit hard to make without having to find block every seconds).
this is exactly why i think a cryptocurrency, not necessarily bitcoin, will be the currency of the future. bitcoin as it is cannot hope to support an international economy, perhaps the economies of small countries at best in its current state (with future forks and improvements, maybe even a first world country's). however, bitcoin is an experiment; it has laid the foundation and has shown us the potential of cryptocurrency as well has helped us discover and develop technologies that might very well be at the core of our economies in the future.
one point of yours i disagree with though; traceability / anonymity. i think we should leave transactions to be traceable still; it would simplify tracking funds that may have been stolen as part of a crime and such, drastically increasing the deterrence to crime. anonymity could be implemented to an extent, ie not being able to view the balance of an address without a proper signature.
420  Bitcoin / Bitcoin Discussion / Re: Suddenly, Russia Plans To Ban Cryptocurrency Sales To ‘Ordinary People’ on: August 30, 2017, 11:09:35 AM
Powerful people alreadyhave ways trading anonymously, as we saw in Panama papers. Bitcoin is what wants to give that power to the people as well.
It is no surprise that government officials want to keep this power exclusive for themselves.
I think it's less about keeping it for themselves rather than keeping it away from the masses (just a tiny distinction, but an important one to make). Russia's government is an authoritarian one, and anything that might be construed to loosen the government's control is seen as a threat, especially economical powers such as bitcoin. this could also just be a political move to give their judicial system leverage; they can now prosecute anyone for any underlying reason if they can be reasonably be shown to be affiliated with bitcoin.
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