Bitcoin Forum
June 29, 2024, 10:01:16 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 [210] 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 ... 383 »
4181  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Really A Currency or An Asset? on: October 10, 2017, 03:52:06 PM
Bitcoin can be both of these, depending on how you use it, and that is the part of its charm. In some countries where Bitcoin is regulated that depends on the definition that government has provide. I use is mostly as currency because that suits me the best but many users look at Bitcoin as an asset for long term investing and basis for the profit.
4182  Bitcoin / Bitcoin Discussion / Re: Russia banning BTC? on: October 10, 2017, 10:41:02 AM
I don't believe Russia will decide to do something like that. There were some similar intentions before but I think that Russia has changed the attitude and realised ban is not in her best interest.
So there is no reason to fear the China scenario although we have witnessed so far that even false or unconfirmed information could affect the Bitcoin price.
4183  Bitcoin / Development & Technical Discussion / Re: So how much privacy do we really need? on: October 09, 2017, 06:24:05 PM
To my opinion Bitcoin is not so much private and anonimous as it was couple of years ago. New methods have appeard to reveal the Bitcoin users and to track transactions and that is also the reason why some users have abandoned Bitcoin.
Because of regulation Bitcoin exchangers and other services are more demanding regarding your private data. Honestly, I don't like that very much because I appreciate privacy very much but on the other hand I understand that this is necessary because of all abuse that appear all the time and legality of business.
4184  Economy / Trading Discussion / Re: Patience and Holding on: October 09, 2017, 03:37:58 PM
Clever decisions come with experience and lessons learned, that is the only truth. It's impossibe to avoid mistakes and bad decisions but the most important is how you deal with that and are you capable to get out of the problems this have caused. Not many people can do that and only them could be called good traders.
Patience and waiting could be cruicial sometimes and good traders and investors know that very well.
4185  Bitcoin / Bitcoin Discussion / Re: Are Bitcoins taxable? on: October 09, 2017, 02:41:28 PM
Not every country regulates that question the same way. For example in my country Bitcoin as currency isn't taxed but exchanging transactions to fiat or vice versa could be.

In my country that is not the rule but more the exception because only if transactions exceed some value they could catch some authorities eye.
I can tell for the Europe and in majority european countries Bitcoin is not taxed.
4186  Bitcoin / Bitcoin Discussion / Re: What if bitcoin will be made as the official cryptocurrency? on: October 09, 2017, 09:53:24 AM
What exactly do you have in mind, how could Bitcoin become official cryptocurrency? I beleive that suggests something like regulation so there should be some official body in charge and since Bitcoin is decentralized I don't see how this could be done.
Besides we don't need some official declaration that Bitcoin is virtual currency that is allowed to be used, acceptance and increasing number of users speak for themselves.
4187  Economy / Trading Discussion / Re: How do you deal with loss? on: October 08, 2017, 06:28:26 PM
Loss is usual part of trading and Investing because there is no possibility to win and get profit all the time. The sooner you accept that, the better. Of course, loss should be dimished and put to the lowest possible level but accepting the risk and to be aware of it it's the key. That is how I look at that.
4188  Bitcoin / Bitcoin Discussion / Re: Government regulation of bitcoin on: October 08, 2017, 06:17:02 PM
I don't think that governments regulation would necessary represent something bad for Bitcoin. Some think that regulation means ban but that is not so and to my opinion regulation could help Bitcoin to get more established and more accepted, especialy in the business area, so regulation is not something that we should have fear of.
4189  Economy / Trading Discussion / Re: Which knowledge is important for crypto trading? on: October 07, 2017, 04:19:04 PM
If you want to trade altcoins that is not easy like it seems. There are so many altcoins and it's hard to decide which would be the most profitable. That is the situation where experience helps the most. So you will not become good trader over night, it might take even a year before you learn enough about market, patterns and you will definetely suffer some losses before you get the profit.
4190  Economy / Economics / Re: WHAT HAPPENS WHEN YOU HAVE A NASTY DIVORCE AND A FAT BTC WALLET? on: October 07, 2017, 03:55:05 PM
In my country that wouldn't be a problem because Bitcoin is not regulated and law doesn't recgonize it as a money or asset and therefore it can't be subject or issue in divorce. But it's not in all countries like that so maybe if you want to keep your Bitcoins just for yourself you should take some precausion measures before get married.
4191  Bitcoin / Bitcoin Discussion / Re: Advantages of paying with Bitcoin on: October 07, 2017, 03:18:17 PM
For me the bigest advantage of paying with Bitcoins is that I actualy can save buying with Bitcoins. The higher the price, more I save. And since I have Bitcoin debit card paying is very fast and easy and I don't even have to think if Bitcoin is accepted or not. And because of anonimity no one realy knows on what I'm spending like banks are watching the credit cards.
4192  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM's on: October 07, 2017, 09:50:26 AM
At first Bitcoin ATMs were very popular and they were opening all the time. But now this situation has changed to my opinion because there are so many other ways to buy Bitcoins or convert them to fiat so people don't use ATMs so much. At least in my country users don't show so much interest for Bitcoin ATMs like before.
4193  Economy / Economics / Re: Bitcoin will control the world economy!!!!! is it true? on: October 06, 2017, 06:25:57 PM
Worlds' economy is still set up on traditional basis and there is not much room (yet) for technologies like Bitcoin to take the control. So it's actually impossible to happen for Bitcoin to control the economy but that isn't in fact the purpose of it. All this wishfull thinking about Bitcoin taking over the economy or finances and becoming a leader is just pure fantasy.
4194  Bitcoin / Bitcoin Discussion / Re: WHY OWNER IS HIDING on: October 06, 2017, 06:09:24 PM
I would do the same if I was in his shoes. Why would anyone wanted to reveal the identity if you have done was Satoshi has. If people new who he really was he wouldn't be able to live quietly without people harrasing him and because of the wealth he could also be in danger. Staying anonimous he can live his life the way he wants without such danger.
4195  Bitcoin / Bitcoin Discussion / Re: Buying Drugs with Bitcoin ? on: October 06, 2017, 02:56:30 PM
I think before Bitcoin was more used to pay for illegal stuff on dark markets and because of that got the bad reputation as "criminal money". But in the meantime Bitcoin has lost a great deal of anonimity and thus Monero took the part of its place. Anyway, buying drugs with Bitcoin is maybe convenient but it's definetely bad idea.
4196  Bitcoin / Bitcoin Discussion / Re: Do you believe that digital currencies will replace Fiat? on: October 06, 2017, 02:42:32 PM
Digital currencies will not replace the fiat money, there are no preconditions for that. And I don't even think they were created with such intention. With further techical era development they will grow too but they will exist as a paralell financial system, not the one that would replace the current financial and economic system.
4197  Economy / Trading Discussion / Re: Better investement right now, bitcoins or Altcoins. on: October 05, 2017, 06:53:41 PM
I would always choose Bitcoin, for me it still has more advanatages compared to altcoins. I have never cared too much for altcoins and I think there are only few of them that are worth of attention, like Etherum. With altcoins you are also exposed to biger risk and very often smaller profit also, unless in very short term trading options.
4198  Economy / Economics / Re: tax on: October 05, 2017, 06:36:04 PM
I live in one of European countries and Bitcoin itself as cryptocurrency, asset or similar is not taxed. And I don't think that is going to be. But exchanging Bitcoin to fiat currencies in some countries is, although not in my. Those transactions could also be subject of anti money laundering checks. So rules are still very different and will stay so unless there will be some EU directive on cryptocurrencies regulation.
4199  Economy / Economics / Re: The fluctuation in pricing.. on: October 05, 2017, 06:22:47 PM
Bitcoin price is unstable, volatility is part of cryptocurrencies that you can't avoid, it's just characteristic that you have to accept. But new Bitcoin users who have joined cryptocurrencies world recently, especialy in the period when Bitcoin price was only rising, are not used to that and that is why they are more keen to panic without reason.
4200  Economy / Economics / Re: Being a Smart Person or Strategic on: October 05, 2017, 06:15:29 PM
I beleive these two characteristics go together. If you want to be good trader or investor you should combine all of this. You have to have some strategy and you have to be smart enough to know how to develope and apply it otherwise you will not be successful. Some skills also could be learned but for that you should also be smart so that is precondition for everything.
Pages: « 1 ... 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 [210] 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 ... 383 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!