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421  Economy / Economics / Re: what will happen to banks? on: October 05, 2017, 12:35:05 PM
Since banks profit from fees and blockchain will kill fees, my guess is banks will be negatively impacted.
Some banks are already stepping into the blockchain world.
But blockchain will not bring back the profits as otherwise.
Any thoughts?
Apologies if this is not the right place to discuss.
Thanks in advance.

That is why most of the banks and bankers right now is in jeopardy because of this modernization about the digital money and the revolutionary cryptocurrency of Bitcoin as it is made for people to transact faster and way cheaper anywhere at anytime in the whole world with more less fees than this banks offers. Most of the speakers of the banks and CEO really hates cryptocurrencies and that is for sure.

Recently Jamie Dimon the CEO of JPMorgan said 'Bitcoin is a fruad' and way back year 2015 he already bash and said bad in Bitcoin but see what is happening right now with Bitcoin and any other cryptocurrencies, it still stay and going strong no matter what. It is just that this bankers really see their future if they didn't stop this.
422  Bitcoin / Bitcoin Discussion / Re: do the government will take action to put TAX for all Crypto Currency Exchanges? on: October 05, 2017, 06:46:05 AM
Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?

In my own opinion that is so possible because there is a big money being involved now in the cryptocurrency and with Bitcoin itself with a almost $70 billion market cap it is no joke for the governments not to take an action in taxing it in the future. It just that governments should strengthen first their law and authorities in the virtual world before they implement such things.

Almost all things in real life now are getting modernize by the internet and that is inevitable, I think every country must put a big budget like they are doing in their military department in this kind of modern technologies because a lot of crimes are already committed online.
423  Economy / Economics / Re: What will happened to bitcoins after one died? on: October 05, 2017, 05:08:51 AM
Who owns the bitcoin after someone died?  How to state this in the will? Please share your thoughts.

That is a very interesting question that I already ask myself and others, it seems that the bitcoins of the holder that already died will be considered a stagnant bitcoin if he doesn't reserve any form of identification for his/her family and friends to retrieve it especially to those people that died in accidents.
If a Bitcoin owner dies without passing on the private key then there is no one will never gain access to the wealth inside of that specific wallet again.

I hope someday that there is a technology that you can lock it up with yourself when you are alive and you can tell or write your last will testament that will only be enable when you die.
424  Economy / Economics / Re: Why Bitcoin has power nowadays ? on: October 04, 2017, 07:12:25 PM
Because it is the pioneer of cryptocurrencies and called the father of crypto's

Bitcoin is called bitcoin and the rest of the other cryptocurrencies are called 'AltCoins' because we all know that the 'Maincoin' is Bitcoin itself so meaning it is the foundation of the crypto world and most of the price of other altcoins are relying to the price of it, we all witnessed that when Bitcoin is experiencing a drop down in the price the Altcoins immediately it follows the trend of Bitcoin's falldown.

Everything can really happens in the futrure, who knows who will be number 2 or even number 1 that will takes place the Bitcoin's throne.
425  Economy / Economics / Re: Bitcoin Surges Above $4400 As World Realizes Jamie Dimon & China Don't Matter on: October 04, 2017, 06:28:25 PM
Bitcoin just topped $4400 for the first time since in over 3 weeks and has now erased all of the plunge losses from Jamie Dimon's "it's a fraud" and China's shuttering of all local exchanges.

Quote
It didn't take long for the world of crypto-currencies to shrug off Jamie Dimon's self-tighteous denigration of the decentralized currency that could directly 'disrupt' his cash cow businesses; and furthermore, as The South China Morning Post reports, China's bitcoin market alive and well as traders defy crackdown.

Although the crackdown has dissuaded large swathes of less-experienced investors from participating in the trade, market participants point to the limits Chinese regulators ultimately face in controlling the industry, where many users are anonymous and difficult to track.

In the short-run, the crackdown has also created an arbitrage opportunity for investors, with the price of bitcoin in China now trading at a discount to overseas exchanges.

http://www.zerohedge.com/news/2017-10-01/bitcoin-surges-above-4400-world-realizes-jamie-dimon-china-dont-matter

I am so confident back then when this issues happened last month that Bitcoin will surely bounce back as this Jamie Dimon guy has already have a record of bashing Bitcoin in year 2015 and after that the price of it still arises plus we all know that this guy is a banker and banks really hates cryptocurrencies as it will cause the fall down of banks in the future.

And with the issues with China it is quite alright also because they didn't even regulate mining where it is most needed, Chinese people is too smart to believe to the downfall of bitcoin, history repeat itself so sorry for those people that got scared about this FUD's.
426  Bitcoin / Bitcoin Discussion / Re: Is Buying and Holding the only way? on: October 04, 2017, 06:13:04 PM
i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?  Huh

Buying and holding of Bitcoin or any other coins is not the only way to earn from cryptocurrency scene as you can maximize this by using it to your own websites or business online, mining is not an overnight success of course it would take you time before you can reach your return of investment but I tell you that it is worth it after you get back your expenses as it is considered a passive income, having less risk is getting less profit in mining but patience is a must.

Most of people who is in mining and trading right now will surely say that it is more worth it to hold your coins than to buy a hardware in mining but if you think it clearly, most of the miners and traders way back 2015 will probably said that and the price of low valued Altcoins boomed this 2nd quarter of year 2017 but here we goes again, history repeat itself and at the end of the day it is still your choice.

427  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Ethereum on: October 04, 2017, 05:54:19 PM
If you compare the two main cryptocurrency, namely Bitcoin and Ethereum, which one has the most promising future?
In terms of evolution, Bitcoin reached a maximum of roughly 4800$, whereas Ethereum reached roughly 394$: in other words, it is a potential increase of 33 % for Ethereum, but only 24% for Bitcoin.

Bitcoin is the world's first developed digital currency, after bitcoin released many other emerging digital currencies including Ethereum. But currently there are two top-ranking digital currencies, the first rank is bitcoin and second-ranked is ethereum, seeing the developments and opportunities of these two digital currencies, they look very promising in the future. so choosing both as an investment is the right choice.

I agree to you that this two cryptocurrency is both worthy when it comes to investing your Fiat money in it as this two is the top 2 contender in the market cap for more than a year now. Even though they have different price range as of now but investing with them in the long run will surely beneficial, it is just a matter of time till this two coin will reach above 1 trillion dollars combine market cap.
428  Economy / Economics / Re: How to make a win-win situation for both government and digital currency ? on: October 03, 2017, 06:18:49 PM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?

I think it is so hard to regulate something that the main essence is to be decentralize, meaning you want to control a thing that don't want to be controlled. I think the best shot for governments to do in this thing is to put a proper department or branch of their government in filtering cryptocurrency scene instead of banning or shutting it down as a whole because hindering it will not cure the cause instead it just worsen it.

We all witnessed in how modern technology really adopt from the real world to the world of virtual, and we are here to the point that in digital world we embraces the digital currency so meaning the force of strong digital police must born if governments really want to help their citizens in their country for the future cryptocurrencies.
429  Economy / Economics / Re: Jamie Dimon Calls Bitcoin A 'Fraud' on: October 03, 2017, 05:39:22 PM
We are at 4.4k already even with all the news from chine or jamie dimon. This really shows that the bitcoin community just doesn't give a fuck about them. This is making bitcoin so much stronger, I mean if we can recover from that so quickly it means that the price will only go up from here.
Yeah you are right a lot of the bitcoin haters came and go but it does not affect the bitcoin or the value of the bitcoin, people still believe in bitcoin and they are making the high amount of money from bitcoin. The currency of the bitcoin is much higher than the currency of the money. If some people don’t like bitcoin it will not take bitcoin but a lot of people are there to support it.

This is very true that Bitcoin is so unstoppable right now despite of the issue that is arising left and right, its just shaken down the price of bitcoin with only a few weeks and slowly comes back to where it has been, it is a good sign for the bitcoin community itself though that this comeback is happening in just a short period of time after too much volatility.

Let the people learn from their mistake as it is the best teacher especially to those who joined the wave of the price when it is falling down, they are now regretting in not trusting the potential and the foundation of bitcoin through out this hard times.
430  Economy / Services / Re: Need 7000 participants for bounty campaign on: October 03, 2017, 05:08:57 PM
Need 7000 participants for bounty campaign, is this possible?
Give me an advice we need qualified Ico managers.

If it is really true that you need a 7000 participants for your bounty campaign then you must think of the fact that quantities will not guarantee you a success in your project it is still the quality of the participants that represent it that really matters even if you spend more to a few of them. And also keep on mind that multiple accounts are a big issue in this forum that can make abuse of that massive amount of required participant.

finding campaign manager is the first thing that you must do in able to lessen your headache with your bounty campaign and it is much better to get the well known and well experience one.
431  Bitcoin / Bitcoin Discussion / Re: Bitcoin Reaction on: October 03, 2017, 04:57:49 PM
I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".

So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.

So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?

Yes it will really drive the market up in the long run even if it is good or bad publicity because whatever is the issue in a thing it will still make a noise especially when some people that is in authority or in power is making a hate on something's that is really good then suddenly it pops and slam the face of the naysayers. Good publicity or Bad publicity, Publicity is publicity.



432  Economy / Speculation / Re: Is it more wise to invest in Bitcoin or in Ethereum for the next 5 years? on: October 03, 2017, 12:36:35 PM
Is it more wise to invest in Bitcoin or in Ethereum for the next 5 years? What do you think an why?
Yes it is more wise to invest with Bitcoin compare to Ethereum for me because we all see that if the price of BTC goes up it is the same with ETH, it is just like that Ethereum's price is still dependent on Bitcoin's.

I think ethereum is the better investment for the future. I feel bitcoin has already seen much of its price rise whereas ethereum still has quite a lot of room to grow.
Maybe for the exponential growth of price but when it comes to the more stronger and stable I can say that Ethereum will lose that battle because of them changing to POS and some issues with ICO's, but let's just wait what will really happen in the future.
433  Economy / Services / Re: Need Bounty Manager for ICO! on: September 29, 2017, 12:15:41 PM
We need Bounty Manager for our campaign!

I recommend you to get aTriz as a campaign manager.

Better look at his records here and professionalism.

https://bitcointalk.org/index.php?topic=2170221.0
434  Alternate cryptocurrencies / Altcoin Discussion / Re: BITCOIN vs ETH ? Your thoughts? on: September 29, 2017, 11:20:50 AM
BITCOIN vs ETH ? your thoughts ?

Both are good to invest with for me even though they are using different platforms and offering different kind of things to do they are worth your money but it seems that people always keep on making a fight with this two cryptocurrencies the BTC vs ETH feud, we all know that Bitcoin is the father of all cryptocurrencies and we can't take the fact that Ethereum is the 2nd placer for a long time and some fanatics of this coin thinks that it will over run the price of Bitcoin in the future.

For me if I were to choose only one side between Bitcoin and Ethereum then I will surely choose Bitcoin because it always make a move that is concrete and efficient that is far beyond comparing to Ethereum that if they think there is great idea they will eventually implement it just like their ICO's that resulted of the regulating of the government of China, and most of all when the price of Bitcoin goes down the price of Ethereum goes down also so for me it is still dependent on Bitcoin's value.
435  Economy / Economics / Re: there is an event whether later on 30 september on: September 29, 2017, 08:19:44 AM
a lot of news that appeared for the 30th of september will there be closing of buying and selling sites in china, is there any effect to bitcoin in the market


You already know the answer to your question I think, of course there is because the market will shaken off with that buying and selling of cryptocurrencies if that event will truly happen. But I think if the price of bitcoin will goes down after that date then I think not as most of the people of China that is involved in Bitcoin is smart enough to think that this is the future of digital currency and selling it without thinking the future will make them regret their decisions.

I think if there is an important date that will cause the massive price volatility of bitcoin will occur is when SegWit2x Hard Fork will start at late October to Mid-November as many people will surely ride the shake especially those whales that is playing the price of bitcoin and cryptocurrency market.
436  Economy / Economics / Re: Someone from 2020 contacted me on: September 29, 2017, 08:02:00 AM
There are a lot of people guessing Bitcoin price sometime in the future... most of them believe it will worth much more than $12000. Let's see what happens... I do believe it will worth more than $12000 too.
We have a little bit more than two years to reach the first day if that year, however the halving is not going to happen until the middle of the year and we need some months before the price goes up like what happened with the most recent halving.

Well the halving years are worth noting because they'd tend to increase our Bitcoin value astronomically just lto he it happened last year and we are seeing the effects this year.
Yes, you are right and that is why before the halving we need to get as much bitcoin as we can, immediately after the halving not much happens but after a few months the lesser amount of bitcoin being mined is felt by the community and the price goes up as a consequence.

So it means that the halving of the bitcoin network in mining really have a good effect on the price of bitcoin? because of the supply and demand maybe but even without that I think bitcoin will reach a certain price of $10,000+ on or before year 2020 if the price and volatility of the market continues just like what is happening right now.

The remaining altcoins to in the said chart has increased drastically and I am sure it is because of Bitcoin as when the price of it increases the rest of cryptocurrencies follows and when the price of bitcoin goes down they also goes red. Bitcoin is the father of cryptocurrencies and until now most of the altcoins is dependent to it.
437  Bitcoin / Bitcoin Discussion / Re: Initial Investment Amount on: September 29, 2017, 02:57:29 AM
Hello Bitcoin users! So i've decided to pull the trigger and set myself a coinbase account to start investing in Bitcoin and other cryptocurrency. I'm excited explore this new finance endeavor and by doing so I would like to get some initial knowledge. Everyone is welcome to chime in on this but what are you guys' opinion for someone like me starting out would be an ideal amount of investment.

I know for the most part majority will probably advise to start on what I'm comfortable with however I'm mainly looking for an ideal quantifiable range based on how much is Bitcoin is going for or other cryptocurreny for that matter. What's too little and what's too much for someone whose in the beginning stages of investing. Thank you.

The first time you start investing with bitcoin I think that's the best thing that you did in your life because for me it is, when I first entered the cryptocurrencies the value of bitcoin was slightly above $500+ and that time I feel that it is over price or it is too high and it will not go more higher but I am wronged, there is no $200 worth of Fiat currency that existing though that's why I am skeptical back then.

Actually everyone can tell you the do's and don'ts here to invest more or less but we can't really predict what will happen in the future as in no one, only speculations that the main basis are the market's history itself. The best advise that I can give you is, start investing now than regret later that you didn't, invest only what you can afford to lose.

438  Bitcoin / Bitcoin Discussion / Re: What are the factors that affect the rise and fall of the BTC? on: September 28, 2017, 11:40:59 AM
Hello!

How BTC's price change? What are the factors that affect the rise and fall of the BTC?

Of course its users will surely affect it but the main reasons behind this is I think the news behind Bitcoin and any other cryptocurrencies as they are the main basis of people on where, when, why they are investing in. And I think the other is the traders that is playing the price of bitcoin as it is so volatile when there is a big moving in the price of bitcoin.

If you take a look on the recent years of bitcoin's price you can see that it is always going high every year so I think it is wise to invest now and just trust the system if you are hesitating to do so.
439  Bitcoin / Bitcoin Discussion / Re: Another wall street idiot, this time, Jordan Belfort calls bitcoin a fraud. on: September 28, 2017, 09:55:05 AM
Hell yeah!, coming from the wolf of wall street that stole a big amount of money to the people of USA then now he called bitcoin as a fraud also, this people obviously want a free publicity for them. Who are him to say that bitcoin is a fraud, trusting a guy that did almost all of the vices in the world is like putting your money on the fire.

How I wish that one of the president of the most powerful countries will once say that bitcoin is a fraud. Most of the losers are the only one that saying bad things about bitcoins because they can't accept the fact that their time is over and a new thing is here. I feel sorry to this kind of people, they think that people nowadays is still gullible to what they say.
440  Bitcoin / Bitcoin Discussion / Re: Why Jp Morgan invested in Bitcoin on: September 28, 2017, 09:36:52 AM
Did you know it ?
Yep you read correctly.

One of the biggest bank who caused the 2008 financial crisis, has decided to invest in BTC : can you imagine ?
And yet they still try to persuade folks not to buy and trade in Bitcoin ( even if they're doin' it !! ) . As James Dimon, JP Morgan's CEO said: " if I were a thief in Ecuador, I'd choose Bitcoin for sure, only in that case: Anyway, Bitcoin is a fraud that will blow up".

How can you trust someone who was involved in one of the biggest fraud ever seen such as 2008's and not found guilty ?

We don't know how many BTC they bought, but this time they cannot control the system. Like no-one does.

Start thinking on your own.
In blockchain we trust

No doubt about it as this Jamie Dimon guy is a true 'Demon in disguise'.

Bankers are the modern form of thieves, if you invest money on any banks this days after for how many years you just earn a very small profit that the inflation eats your money whole and it seems that you much better to gamble it to casino than to store it to banks because of their hidden fees and very low profit. And when you borrow a money from them they will give you a never ending interest that will make you pay it for your lifetime.

I truly believe that bankers really hate Bitcoin and Block-chain because they will be a dead industry because of this modern digital currency. It is just a matter of time that the banks will become obsolete just like Kodak.
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