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4081  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: November 17, 2016, 02:07:43 PM
Global currency is a currency that is accepted for most transaction especially international transactions.  And I think as of now its either USD or Euro.

Bitcoin is an alternative payment system and I think it is designed for all transaction to the point that most people call it  "One Currency For All"

However, As of now there are a very limited number of merchants who accepts bitcoin but it is definitely increasing so if bitcoin will become widely used all around the world then it can be.
4082  Economy / Economics / Re: Bitcoin is Freedom on: November 17, 2016, 01:48:45 PM
I can really say that bitcoin is freedom we can earn bitcoin for free from mining and from this forum anyway and just doing so services and other things that involved with bitcoin i can earn bitcoin weekly from trading and from gambling and in signature campaign and it's really free from our country.
I think the aim is not free it, but when you use bitcoin as a currency or keep all your money, with such a one will not be able to touch your money and your wealth, including the government, it is freedom
not fully freedom i guess,if you violate your government's rules then they still force you and still could seize your money even it's on bitcoin form
see this news and you will realize and learn http://www.bbc.com/news/technology-36412487
Of course because there is no absolute freedom. Rules and regulation are everywhere and there are consequences if you break it.

That being said, There is also no absolute freedom in bitcoin .

People thinl there is because bitcoin has a loose rules and regulation compared to the tradional payment system and is much easy/comfortable to use.

4083  Economy / Economics / Re: How to teach kids about Bitcoin? on: November 17, 2016, 01:36:07 PM
It is not right to teach bitcoin to kids because they are too young to handle money and they are more interested in playing. Being a kid is fun but its short so let them enjoy their childhood.

I am also agreeing to others that we should teach bitcoin to teens instead. Because I am one of the teens that got interested in bitcoin tho there is only one year left before I reach the the legal age.
4084  Economy / Trading Discussion / Re: Which Trading Books Have You Read, Have They Helped You? on: November 17, 2016, 12:59:51 PM
There are lots of good articles all over the net that's why I haven't read any books however I listed some titles that you guys recommend for future reference. 

My other source of knowledge about trading are:

1. Trading discussion on forums (bitcointalk, reddit etc.)
2. Youtube Vids
3. Experience
4085  Bitcoin / Wallet software / Re: Whats the best bitcoin wallet app? on: November 17, 2016, 12:48:54 PM

Agree.  Because keeping a large amount of bitcoin in an online wallet is risky. They are always a target of hackers.

As much as possible when storing a huge amount  of bitcoin, Keep it in a cold storage.

It is less risky if you have a full control of your wallet. So look for the ones who gives a private key.
4086  Other / Off-topic / Re: How did you discover bitcoin? on: November 17, 2016, 11:49:32 AM
I was wondering how'd you discover or know about bitcoin? Did someone refer you? Did someone show you what you did? Through the news? Share something here.  Cheesy

It happens when I told to my friend that I need some extra income then he introduced me to bitcoin, Teach me some basic stuffs and his source of income.

At first I didn't believe it.  I thought that my friend was trying to lead me into some pyramid scam (AWWWW) but fortunately it's not because he showed some proofs.

And them I started doing some things that he does also for bitcoin like being active here.
4087  Bitcoin / Bitcoin Discussion / Re: Where to Invest BTC? on: November 17, 2016, 11:41:50 AM
So where should we invest bitcoin to actually earn some profit and increase the amount of bitcoin we own, is there any legit place?
I mean cloud mining is a scam but there must be something else we can actually do right?

I think that bitcoin itself is the most profitable and less risky investment you can have. It is already proven that bitcoins price increases a huge amount every year.

If you're looking for investment aside from bitcoin itself you can Invest in
Altcoins or Gambling site.  Just take your time in choosing the right coin or gambling site however, You must not forget that this is much risky than keeping bitcoin.
4088  Economy / Economics / Re: If bitcoin price is $10.000, will fiat be worthless? on: November 17, 2016, 10:20:33 AM
No it won't be worthless because bitcoin is just an alternative payment system no matter how its price rises. It won't take over paper money unless we enter an age where cryptocurrencies are the main money we used.

4089  Economy / Economics / Re: Spending Bitcoins on: November 17, 2016, 10:08:14 AM
Yes, The merchants that accept bitcoin is very limited but I can stil use my bitcoins by converting it to my local currency, The negative part of this is I have to pay 2 different kind of fees.  One is fee for the exchange site and One for the remittance center where I will get the money.

I can only spend my bitcoins directly to online shops like purse.io.  It will be nice if bitcoin is widely accepted so we can have low fees when spending them
4090  Bitcoin / Bitcoin Discussion / Re: bitcoin transactions - Slow OR Fast on: November 14, 2016, 12:58:03 PM
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

If you send a bitcoin to someone, It will show up in the wallet in seconds but the confirmation time can take 30-40 minutes or even an hour.

It will be hard for local stores to accept bitcoin as you can cancel an unconfirmed transaction.

The only way to speed up the confirmation time is to pay a higher miner fee because the miners typically pick a transaction with a high fee.
4091  Bitcoin / Bitcoin Discussion / Re: How serious is BTC to you? on: November 14, 2016, 12:43:48 PM
I read some replies, mainly in the Mining section that said mining was a fun hobby for them and not a thing that they could continue doing as a business. In the Project Development section I found many projects that generated profit like your local businesses.

How serious is BTC to you? Could you look at it as a foundation of business/job or is it just an exciting hobby/experiment?

It's one of my productive hobby cause it allows me to earn extra money.  If you're asking how serious I am in bitcoin, I guess I am one of those who takes bitcoin seriously because I believe in its potentials that can exceed my expectations in the future.  

I have a lot of hobbies but I guess I spend most of my time in bitcoin. And it has helped me a lot in my financial problems. 
Enough reason to be serious about it.
4092  Bitcoin / Bitcoin Discussion / Re: Does bitcoin help your life in daily needs? on: November 13, 2016, 05:00:30 PM
As of now bitcoin can't really help me in my daily needs because it is not accepted anywhere here in my country. I only used it in online shopping and reloading my phone.  However it allows me to earn money that I convert to my local currency so it definitely helps me in some ways.

But my main use of my bitcoins is investment so its fine if no merchants here accepts it.

4093  Bitcoin / Bitcoin Discussion / Re: NEver keep all your coins on an exchange on: November 13, 2016, 04:48:41 PM
Gox
Cryptsy..

If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.

Yes, We should spread awareness about this because the risk of keeping all your coins in an exchange sites is high. Why? Because exchange sites are a common target of hackers and even online wallets. OR sometimes exchange sites can ran away with your coins.

Our money is important that's why we should store it in a safe place. I suggest that you should store it in any wallet that has a private key, to make sure that it is yours alone.

I honestly don't recommend online wallets srsly
4094  Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? on: November 13, 2016, 04:35:32 PM
I doubt that five years is enough for it to be used by everyone.  That future is vey likely to happen but its still far from now.  Well it is safe to think that after all bitcoins are mined then I think almost everyone are aware of bitcoin already.

Bitcoin is still new and developing you can't expect such good thing to happen right away.
4095  Economy / Trading Discussion / Re: What is the minimum amount to start as a trader? on: November 13, 2016, 04:29:23 PM
You can start with the amount of 0.01 btc if you're a complete newbie, Better trade with the amount that you can afford to lose.
To avoid losing the 0.01 btc.  It is important to study about trading first but after all practical knowledge is the best so try and try.
4096  Economy / Economics / Re: Is Paypal a scam? on: November 13, 2016, 04:21:02 PM
I understand that paypal has a bad customer service and has some strict rules and regulation but it is not a scam.  It is trusted by many companies as a form of payment for many years .If its a scam many of them have gone bankrupt by now.

For these past years I've been hearing a lot of complaints about paypals customer service and I think the reason for it is there are too many users and they can't accommodate all of them.

Better contact their support team if you have any problems .
4097  Economy / Services / Re: SPECTRE Signature Campaign on: November 12, 2016, 01:44:57 PM
Nice Campaign. Hoping to be accepted!

Username : Potato Chips
Rank: Jr. Member
Post Count: 48
Wear Sig: Y E S
Btc Add: 1EcNDnCH4xiHPUs4jAMHVAH1oe9tiZ3i3m
4098  Economy / Service Discussion / Re: Is investing in mining still worth it? on: November 11, 2016, 03:12:53 PM
Cloud mining is not even profitable cause most of them are just scam and doesn't really have a mining equipment.

Better try mining instead just make sure that you have the right equipment for it.  Bitcons mining hardware is expensive.
So just mine some altcoins using cpu/gpu however mining will really cost your electrical bill a lot.
4099  Economy / Economics / Re: Why have Bitcoin instead of cash? on: November 11, 2016, 02:58:42 PM
There are many things about bitcoin that makes it better than cash like it is decentralized so you have a full control over your coins, it is anonymous, has low fees and its volatile price that makes it a good long term investment.  But it is not wise to have your money in bitcoins only.  Your money should have a paper money and some bitcoins cause merchants who accepts bitcoin is limited, Supporting your daily needs with bitcoin will be hard.
4100  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be used for Good? on: November 11, 2016, 02:25:45 PM
Yes of course it can be use for good but af the same time it can also be used for evil purposes

This is because it depending on the person who uses it.  The Purpose and intention is different for every person.
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