That's normal, whenever a thing has a value, it can be used as a tool whether to do good or bad. Media just sensationalize things and exaggerate according to what could catch the attention of their viewer.
I do not see any reason why bitcoin should be supported by the government, permitting the use of it in the country is enough.
The government might think that the amount of money flowing out of the country through bitcoin will be huge and it could destabilize the economy and there are several reason that could deter the government to support the use of bitcoin This assumption doesn't make much sense It would make sense if governments were highly valuing Bitcoin, at least, as high as they value the US dollar up to the point where they lay themselves out to disallow dollar outflows. But if they don't care about Bitcoin, why should they care about it moving abroad in the first place? After all, it is bitcoins that are moving, not dollars (i.e. not "real money"). In this way, governments may in fact be quite happy that bitcoins are running away since less bitcoins means less problems for these governments internally (i.e. less competition with local currencies) Maybe the government thinks that if people buy bitcoin with the local fiat, there is more fiat on the market. And that would lead to a bigger inflation rate. But honestly I think it's more the fact that a transaction from one wallet to another wallet can not be taxed. And if taxes are not payed, that is something a government does not like. So the main reason why some goverments do not like it at all is because it's beyond their controle. |
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I just tested you faucet and I really like it.
There is one captcha to solve, and there are four antibots as well.
But the reward with 500 satoshis each hour is really high!!
The coins go directly to faucetsystems.
I wish you good luck in keeping your faucet alive!
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Actually I think I joined the bitcoin train a little too late.
I was fully aware about bitcoins and their possibilitys, but for some reason I did not participate enough.
Just a little faucet and other stuff that is not worth doing it.
I had the chance to make a really good investment and missed it. But maybe it's not too late!
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As of yet I'm only earning through signature campaigns and other small services so I voted for poll. But I agree with many statements made that trading is the best way to earn bitcoin.
I am just not brave enough at the moment or have enough knowledge to earn with trading for now but in future I hope I can make some with trading also. I lost quite a bit of my btc in cloud mining scam (remember hashocean?) so not going to jump into trading so quickly.
It's better to avoid all HYIP and cloud mining sites, actually you cannot earn decent amount their and possibility that you will scam, trading is definitely one of the best source bitcoin but it needs a knowledge about it, just focus and I'm sure you will learn it easily. I agree there is a high possibility of getting scammed in cloud mining and HYIP indeed, it is risky while you only get low amount. As for now earning through signature campaigns and services is the only safest way I can think to earn BTC. But as soon as I saw the answers for this topic, I might try understanding then earning through trading. The way HYIP and cloud mining site operates guarantee that you will be scammed before you get your ROI. Only way for you to actually escape getting scammed by them is too spam your referral link all over the internet and hope that your post was attractive enough that people will invest on it. Most HYIP sites ROI after 30 days and most cloud mining sites ROI for 3 months or 6 months depending on the website. That's a lot of time for the scammers to run away. It's enough time to accumulate decent amount of funds and it's definitely more than enough to run away from the investors. Actually there is only one source to get bitcoins for an ordinary person without insider information: work! If you get payed directly with bitcoins or you buy it later with your fiat salary does not matter. But with every other option there is a really big chance that you end up losing coins. I still believe in the hard working man who get's a decent amount of money for his efforts! |
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Honestly, I do not think that bitcoin can solve the problems Africa has.
Corrupt governments, wars, a lack of education, no rain, those are the main problems.
Some of them bitcoin could even make worse.
The most ipmortant things Africa would need are order and peace. I can't see how bitcoin could help there.
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I think it depends what an ordinary citizen is.
A certain knowledge of how to use a computer in necessary.
Many of the older ordinary citizens do not have that.. but most of the younger have.
I think it's more a question of generation.
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For banks efficiency is now more important than ever.
I am sure they have some capable people in their software departement.
If they can manage to adapt the blockchain technology in their system, they will be able to save some money (and fire some people who are now not needed anymore).
From the point of view a bank has, that makes perfect sense.
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I think still very dificult if bitcoin price in year can incraese until reach 10k dollar/bitcoin
although ETF and SEC aprove bitcoin i think still imposible is bitcoin price can incraese 10k dollar in year 2017
Of course that is not going to happen.Even if we had 2 or 3 ETFs. But that range would be possible in 5-10 years in my opinion. If the ETF should get approved, what I still highly doubt, then a price of $2000 would be a possible target for this year. I can imagine that there are people willing to buy funds that include bitcoin. You can sell nearly everything if the advertisement is right. For bitcoin I think it will gain a general plus in trust, even if the coins are not included in a trust. So it is really possible to rech 10K within the next five years if we have a positive ETF vote. |
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I think bitcoin can be either a payment system or a commodity/investment. But it's be difficult to be both.
Maybe bitcoin will really be part of several funds in the near future (etf).
Then the average amount in a transaction will rise a lot, even to a point where 5$ fees per transaction does not matter.
But in such a case bitcoin can't be used as a payment system anymore.
I am really wondering how this is going to play out..
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I think many of them have already bought a few coins, but not too much.
From their point of few, a few thousand dollars is not much worth mentioning.
Warren Buffett is an exception, I do not think he owns bitcoins.
He has some guidlines in his investment strategy that can not be combined with bitcoins.
For example he always asks, if the management is rational. I do not see much of a bitcoin management.
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I think that it's simply time for bitcoin to reach such a level.
The demand is there, and the growth during the last year has been steady.
Sure, a little bounce back can be expected soon, but a price of about 1000$ seems fair to me.
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I do not think that it makes much sense to compare the price of one bitcoin with the price of gold.
Gold is a physical good, while bitcoin is not. They have nothing in common.
The only thing they are similar in is the fact that they both can be a form of investment, where both have their advantages and disadvantages..
But comparing them in price is useless.
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Recently I've sent $20 for a trade but even after 48 hours its not confirmed yet. Are you guys too facing this issue with bitcoins?
Bitcoin has had this problem for quite some time, but every time there is pump you can expect the problem to get even worse for the simple fact more people begin to move their coins around so they can get some profits. The size of the mem pool is sometimes ten times as high as it is on other days. I'm not sure if that is normal behaviour, some people suspect a spam effort behind this. Personally, now I look up the size of the mem pool every time befor I make a transaction. If the size is too high, I make the transaction on another day. |
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I think the whole idea of investing bitcoins is an idea of scammers!
Why investing an investment??
Because the scammer wants to get hold of your coins and run away with it.
This happened so many times, and people are still falling for it!
I really have no idea why.
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i dont have Ny money left so i am not worried aboutany crashes.. by the way we can see the price at the highest levels so being crashed has a lot of chances
The world economy might crash. but the bitcoin price will rise. Everything ends if to think philosophically. The new financial crisis is going to happen in the world who knows when, maybe it even will happen exactly cause of bitcoin. We will see. Yes, if a lot of people will only use Bitcoin, then there is a big chance that the economy will suffer. It is for this reason that the government is wary of cryptocurrency nothing would suffer but the governments that have way too much power when it comes to money and stuff like that, i think that big crash is not coming, of course there will be a drop after such a big growth but not a crash. How can you be so sure about it? Bitcoin price seems to be very strong right now, but after the previous all time high in 2011 there was a huge crash, no one can say that it will not happen again. Yeah, anything could happen similar to the past. None can give an assured statement that bitcoin price falls soon or later. When we think of the world economy its expected to collapse this year as from the beginning of the year several economic imbalances were taking place. Yes anything could really happen anytime on bitcoins price and even we are seeing the new all time high price of bitcoin we cant still be sure if it would maintain its pace or not and would explode the bubble and decreasing the price again. I do not think that the situation today can be compared to the crash in the end of 2013. At that time the was the MtGox problem, and the cours increase before was much more rapidly than the increase today is. I think that a price correction to about 1000$ can really happen, but I see no larger bubble building up. |
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Can you really be sure you will profit unless you have insider info?
If does we are sure then we can never experienced losses when dealing in trades. Analyzations, technical analysis, speculations, fearless forecast, insider info, traders view etc. are just for references purposes and it doesn't giving anyone an assurance that they will make a succesful. But what important here is, those references I mentioned can really help to increase the success rate of "educated guessing" so it's a big factor when dealing in trades. I think trading is in a lot of cases psychology. People tend to react the same way under certain circumstances. Its the same in the stock market or the cryptocurrency market. And some smart people have discovered that this behaviour can be read out of the charts. So they can predict the future course of the chart. That gives them a big advantage compared to the ordinary trader who just expects a raise in the chart. |
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It honestly hurts how some Bitcoin (earlier) supporters such as myself miss out on opportunities because of the scams we invest in - that or just the necessities in life call for us to use up the investments we put into Bitcoin. Right now, like f*** man, why haven't I found success yet? ... It's a cycle, I'm just hustling and striving to make an income online where I don't have to break my principles.
I think it's the same with most things in life. Afterwards people are always smarter. Not just in economic things. If I had know how things would end up with my wife, I would have surely taken another one... I have found out, at least for myself, never to bee to greedy, that makes you blind. And be happy with the things you have, that gives you satisfaction. |
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I think the main reason why not to sell bitcoin is the potential it has.
How many people might be using btc at the moment? Maybe a little bit over 5 millions?
And the price has developed from nearly nothing to over 1000 dollar within not even 10 years.
When you think of a world population of 7.5 billions, the only word that comes in my mind is 'potential'.
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Technically, every country decides whether bitcoin within its borders is a currency or something else.
Based on that defenition there are different laws and taxes in every country.
So no general explanation can be made.
But of course everybody can decide for himself in what way he wants to look at bitcoin.
To me it's more an investment that can be compared to a stock at the moment.
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I was new to BTC trading and made a mistake in January, so sold my few bitcoins for 800$, now i just want an opportunity to buy it back and hold for long.
Can we expect a correction to less than 1k$ in near weeeks, months?
Ouch, typical panic sell..  How could you do it after you saw that btc was over $1100 already in January and everyone predicted it will come back above $1000 within month or two? (I know, it's easy to be smart ass after "the battle"  ) Honestly, I think there may be some correction back to $1000 in a near furute, but I don't believe it would come back to $800. Now bitcoin about $ 1200 dollar, and i think that number will not stay too long. When panic selling happen like last month you should as soon as possible to cut your loss. Actually cut loss is not really loss your money, otherwise it will minimize your loss. After cutting loss buy back at stable level that potentially the price go up again soon. Right now I see no sign that the price will start falling again, so I would not sell. But of course the price can't increase like this forever. Very soon we will see a correction on the market. At the moment it is the time to follow the price developement permanently, in order not to miss the spot when selling might be wise. And buy back later at a lower level. |
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