Ukraine is preparing draft legislation to legalize cryptocurrencies, according to a post by a member of the Ukrainian Parliament The document notes that the legislation aims to create a “free and transparent” digital asset market in Ukraine, outlining rules for storing, using, and exchanging cryptocurrencies, digital tokens, and smart contracts at a state, entity, and individual level. It proposes regulatory measures for preventing the use of crypto for money laundering, terrorist financing, and other criminal activities. Source: https://cointelegraph.com/news/ukraine-to-legalize-cryptocurrencies-invites-citizens-to-comment-on-proposed-regulationsThis is indeed a very good news that one more country has been be into the bitcoins and now I personally think that if any country is legalising bitcoin and allowing bitcoin transactions to buy and sell things then it is only because they have understood well the real potential of bitcoin that bitcoin has that ability that it can boost up the development of any country and can reduce the poverty to a very great extent and could help in increasing the gdp of the country. |
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Why bitcoin is votality compare to fiat money. Many say bitcoin is not a good investment because it is votality.
What is votality?
liability to change rapidly and unpredictably, especially for the worse. this is the fast price change.
Why is the votality of bitcoin high?
Bitcoin is a low supply at the time of its growing number of users and it has become a demand for the masses. Many want to buy, Many want to sell in easy-word multiple transactions. When many bitcoin transactions are fast market movements and we do not know what might happen because of the emotion of the seller and the buyer may have the price increase or decrease. So the bitcoin is votality because of the small supply and in-demand.
Why is fiat money not too volatility?
Because the government is able to regulate a traditional money, they can make new money and just increase its supply so that it does not have a votality compare to bitcoin.
Note: This is my only opinion, if you have any opinion you can also share it.
Votality means liability to change rapidly and unpredictably, especially for the worse , this is the first price change, bitcoin being volatile always undergoes very frequent flactuation in the valuation and thus making most susceptible to lossses and the reason behind this is because there is no authentic regulating body over the bitcoin and thus there is no one to keep eye over all flactuation in valuation and only in this way Fiat currency is better than crypto currency and this is also for temporary basis. |
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Bitcoin is now raising so many questions about its future. All most everyone related to this crypto is asking only one question! What will be the future status of bitcoin in 2018? Well, first of all, there is no direct answers to that question. But many experts are seeing the upcoming future in many different ways. 
BTC First of all, one prediction is taking the number one place. And that thing comes from the investors. That is really a bit of shocker and it is: Bitcoin investors are expecting that this king crypto can reach up to near 50K in this lucky year numbered 2018!  which will be the doubles of the highest rise in the history(2017) !! 
BTC Here is the number two magical statement, which has come from the magical mouth of a group of the financial analyst (AMSYS group) and they are predicting that Bitcoin will break the resistant level of 30K USD in this running year!! They also mentioned that they have been checking this stats for more than 12 months and what they had discovered is really shocking. "There is a significant level of demand and supply imbalance in the current price level". They predict that this imbalance can cause something devastating. From there another analysis, they had mentioned that a lot more money is going to come into this year, which will be the record-breaking amount. 
Here is the latest bomb, which has been launched from another bitcoin expert Bobby Lee, the man behind one of the largest Bitcoin exchanges in the world,
says that "Bitcoin? 1 Million Baby" 
Well, that was a lot of saying about the unseen future. But sometimes, predictions are likely to be matched. So whats your thoughts on bitcoin guys? Come on throw some of your thought. 
Bitcoin has gone through many ups and downs in this year and because of which bitcoin is the centre of controversy for my large companies and economists because the valuation has flactuated a lot in this year or more precisely speaking then valuation has deflated in this last 5 months of this year and moreover this year is not yet beneficial with respect to the previous one but there is a news that valuation has started inflating and has inflated by 20% in last few weeks and many economists even predicted that valuation will inflate further more in the coming months of this year. |
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Strange times we live in. Crypto speculation, YouTube views, paid content. Yet no real contribution to the human evolution. A good professional is getting harder and harder to find. This generation is full of fucks who pose on YouTube, unboxing shit, and earning 100k dollars per month. Or "great economists" who are betting on a zero-value digital coin. This is insane. Go get a fuckin job, get a degree, go invent and participate in a project that has real benefits for our technological evolution. You are chasing ghosts and the next generations will have you impaled as the idiots of human history whose only occupation was to gamble and make selfies in moronic view-hungry vlogs on the internet.
So yes, hold your currencies like your life depends on it. Shallow and boring.
BTC < 8k USD. The measure of our generation...
I don’t think so that party could ever be over because bitcoin is that kind of drug whose hangover could never be down because bitcoin has that potential that it can provide very good profit in very short span of time and if someone is getting such a great profit then why should one wants to get out of this hangover, though bitcoin is not a full time work for now but still it is providing employment to millions of people and the days are not away when bitcoin will be used as full time work instead of part time and when everyone will understand the real potential of bitcoin. |
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you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.
I think Africa is the best play for mining of bitcoin because there the electricity is very very cheap in respect to other countries, so mining there could be very very cheap and beneficial and moreover people there in Africa are honest enough so that hacking wallets of bitcoin is also very uncommon so you can get very good proportion of profit when you mine your bitcoins in Africa and Venezuela is also good for mining bitcoins. |
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 A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC. What do you think of these bitcoin smart banknotes? Let us know in the comments section below. Full articles: https://news.bitcoin.com/bitcoin-smart-banknotes/I don’t know what to say on this news that bitcoin digital notes has been manufactured in Singapore, its like a dream come true because all we want that bitcoin to be declared as a central currency world wide and this is a huge step towards this goal but this will bring some issues also that bitcoin is preferable over all other currencies because its very hard to step it and we believe that one day bitcoin will replace the paper currency and we are making bitcoin itself a paper currency , I don’t think that this thing is justified. |
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I am little bit confused with your news and even doubt on this news because I read somewhere that first Facebook and then Twitter banned crypto ads on their pages and now google is the most loyal kelt to be the next and now according to your news , Facebook is launching its own block chain, I don’t understand this kind of strategy that first Facebook was against of crypto currencies and now Facebook itself launching its block chain, I think that this is a ki Nd of scam. |
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It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.
Money earned from the internet is known as digital/electronic money.
People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.
How is digital money is your country ?? Bitcoin is a part of digital money.
Obviously bitcoin and all other crypto currencies are the part of digital money. They all are virtual money, the money you can feel in your account, can see in your accounts but cannot touch it and now a days there is a era of virtual currency only because this type of currency is more safe , it’s transations are more confidential and moreover it is very hard to steal and yes we are living in a era where digital money is used in cashless society. |
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Bitcoin, and the idea of digital cash, has taken hold of the banking sector as banks and financial institutions start to experiment internally with blockchains and cryptocurrencies in order to be at the forefront of these technologies. This, coupled with the fact that government organisations and even global leadership bodies such as the G20 are looking to regulate cryptocurrencies, again give more legitimacy and longevity to the industry. The latest wave of adoption is now coming from corporations who, traditionally have come to be successful thanks to their centralized domination over different aspects of the market. Microsoft, in the world of computing, are legendary in driving the world to be digital; then there is Amazon, the pioneers of e-commerce. These companies are in some manner getting forced towards blockchain technology as it has become apparent that this is the future, and even though it goes against their centralized values, they simply cannot miss out. By Darryn Pollock https://cointelegraph.com/news/amazon-microsofts-move-to-blockchain-centralized-companies-into-decentralized-ecosystemI think you are right , all the big centralised companies are now heading towards the decentralised culture and I think this is the only key to success in the present era. Bitcoin being the most successful, most sustainable, largest crypto currency among all is itself decentralised and even few countries has adapted bitcoin and declared bitcoin as a mode of the transaction in their nation , though there are several issues with decentralisation but there is lots of profit in the decentralised culture. |
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The development since late December shows very clearly what is happening.
The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.
It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.
Except on every round the dip gets deeper and deeper.
The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.
Face up to reality, the party is over.
I think the game of bitcoin could never be over because whales could never be the reason for the deflation of valuation, valution is entirely the function of number of user , the higher the number of investors, greater will be the valuation and the root cause behind the deflation of valuation is the government that is continuously saying that those guys are not responsible for any kind of loses regarding bitcoin and moreover the media is negatively publicising about bitcoin and this is the reason why people are hesitating in investing into bitcoin and thus the valuation is deflating so in my opinion the bitcoin is very sustainable crypto currency and the game of bitcoin could never be over. |
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Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?
I don’t think so that FUD can destroy bitcoin valuation, the flactuation in the valuation is entirely the function of number of investors investing into bitcoin and another factor that plays a major role in flactuation in valuation is the whales that invests a huge capital into bitcoin, during last past 4 months the valuation of bitcoin has deflated to very great extent and resulting in that number of people are losing trust on bitcoin but now bitcoin is again getting back onto its track and valuation started inflating again. |
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If you want to secure your bitcoin there are two ways to keep safe it. 1. Online wallets. 2. Hardware wallets. If you chose number one you have to take some steps for keep safe your bitcoin. 1. Take a very heard password. 2. Keep your password in a very secure place. 3. Don't save your password in online. 4. Activate two step authentication. 5. Don't share your password to any one. For your help give some trusted wallet links... 1. https://www.coinbase.com2. https://www.coinpayments.net3. https://www.blockchain.comIf you chose number two you have to pay some money for keep safe your bitcoin but i think this is better to keep your bitcoin in a hardware wallet. It is more safe then any online wallets... For your help i give some trusted hardware wallets link. 1. https://www.shiftcrypto.ch/2. https://www.ledgerwallet.com/3. https://opendime.com/4. https://trezor.io/5. https://tangem.com/So now its your choice that how to keep safe your bitcoin now.......😊😊😊😊😊 Your ever😊 Stealing of bitcoin by number of hackers are quite common now a days and moreover you cannot recover your bitcoin or could not see the transaction history or not you can’t do police complaint even because bitcoin transactions does not involve any third party seizure so it is very necessary to keep your bitcoins very safe and I also prefer the second option that to store my private keys in hardware as it is more confidential and safe rather than storing it online. |
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Hi guys I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down  But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure 1. Download latest BTC client 2. move to a pc not connected to the internet. 3. Create an address on that PC without internet. 4. Send fund to address created on PC with no internet access. 5. Save keys in safe place Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ? Sorry if my question has been covered many times, but I just don't want to make a big mistake. Thanks Rick I think this is most vulnerable question and I think is the question that every bitcoin user wants to know. As we all know that bitcoin transactions does not involve any third party seizure and it provides user anonymity so it’s very difficult to recover your bitcoin once been stolen so it is very much necessary to keep your private keys very confidential and I think pen drive or any otg drive or any portable device is the best to keep all these private keys . |
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I am in Nairobi and here we have cheap electricity that enables us to mine and get better rates. I pay about $ 0.1 per 1 kwh which is very cheap as compared to many countries.
I guess making bitcoins in Africa could be a very profitable project for heavy hardware investors. What are the rates in your country ?
This could be a very great idea I guess because electricity play a very vital and crucial role in mine my of bitcoin and this is very great that electricity is about 0.1 per kWh , I think this is very cheap rates and in my country the electricity rates for about 5-6₹ per kWh and I guess this is quite expensive as compared to Africa and moreover the climate conditions and other factors are also very good in Africa so yes for the bitcoin whales who mined bitcoins in very big amount can think of this idea. |
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This could be one of the reason for the inflation issue n the valuation of bitcoin but the major cause for inflation in the bitcoin is governed by the number of investors I guess, the more the number of investors the higher will be valuation and vice versa and the second most important reason for inflation in the valuation is the bitcoin whales who invests very Holyhead amount of bitcoin and thus inflating the valuation and probably this could also be the reason for inflation in the valuation that bitcoin is rare. |
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We all know that most coins and tokens have a price dependence on bitcoin. We have seen how the whole market fell after the December drop in the bitcoin rate, while the market almost froze for four months. I believe that so far we do not have a full-fledged crypto currency market. It will be only when the price growth or fall of each coin or token will be determined by the peculiarities of the development of the individual project of this crypto currency, and not by the state of bitcoin at the given time. Each coin or token must have its own pricing policy. Until this happens, we can assume that we do not have a full-fledged crypto-currency market. And how do you feel about this?
Yes I am completely agree with your statement that the entire crypto currency market is is dependent on bitcoin only and the flactuation in the valuation of bitcoin governs the flactuation of valuation of other crypto currencies too, its like bitcoin be the king of all the crypto market . In present time I don’t feel that we have that full fledged crypto market who is fit to fly but I am sure for one thing that the time will come when crypto currencies will become the leader of the all the currencies |
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First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.
* It was energy.
Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.
* It was poor energy.
Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.
* It was very poor energy.
Now, we wants to use Cryptocurrencies. You can't do anything with it.
* It is not energy but proof of destruction of energy.
Something looks wrong. We should exchange potential energy, not destroyed energy.
Brother I find your concept very very interesting, the way you showed the transfer of energy. In ancient times there used to be the barter system for buying goods so obviously you need not to worry about the money , you just exchange your good with the thing you wanted and this is the best exchange of energy there comes gold in exchange of your goods then now the latest form is buying goods in exchange of money and trust me dude no one can burn their money in very cold winters. |
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I was making a list for my team on how to stay away from Crypto scammers, and thought I would just share it here as well.
Here are the type of Crypto scammers that I have encountered
Type 1. ICO as a SCAM - (More info contributed by: tosindesign)
There are ICOs that are only designed to get your money. Once the ICO is over then the pages are taken off the net and the makers of the ICO disappear with the money. The last case we reported was LoopX, but this is not the only case.
How can you protect yourself?
1. (by: tosindesign) Generally there is no 100% protection here. A good indication for a scam is there is no team mentioned on the website or whitepaper. Although everything is very superficial and promised a lot, but after reading the white paper is not clear how that should be possible.
2. (by: GeckoTrader) One of the best things to do to avoid ICO scamming is to learn and back read all information about that ICO. As they always say " More knowledge is power"
3. (by: GeckoTrader) The team should have been communicating to the community.
4. (by: GeckoTrader) Always they should have an update from their company. If you sense something fishy do not hesitate to ask question from them. In that means you can confirm whether they are legit or just a bunch of scammers.
Type 2. Scammers who sell FAKE COINS (name / coin code is same but coin generating contract is different)
How to protect yourself: Check the contract address of these coins, if it came from the same contract address
Type 3. Social media scammers - Would post like "I will send you 50 ETH if you send me 5"
How to protect yourself: This is an easy one, they all are scammers. Dont even respond.
Type 4: Identity theft scammers - These guys will contact you as CEOs of ICOs or Social celebrities, usually banking upon the names of a famous person
How to protect yourself: Try pinging them from an another ID of theirs (say if scammer pinged you from Telegram, drop them a message over their facebook ID) and ask them to check that message. This would work as a Two-Factor-Authentication for that personality.
Type 5: Malicious code Trojans - Like Wordpress or Chrome plugins, that would use your machine to mine for crypto currencies, using your machine for the same
How to protect yourself: Try not to do plugins or replace them with cloud powered services, OR, Install only trusted plugins, with loads of reviews maybe. I wont be surprised if these trojans take shape of free downloadable games or cracked softwares downloadable for desktop or your mobile.
Type 6: Online Seed Generators (contributed by: tosindesign)
For some wallets (eg the IOTA Wallet) you have to set your own seed. In the case of IOTA, this is an 81-digit password that must consist of uppercase letters and at least one 9. Since some did not want to generate a password themselves, they resorted to online seed generators. These generate you by mouse click an 81-digit seed. However, as it turns out later, a few of these seed generators also stored the generated passwords, The stored seeds were then later used to steal the assets of the investors concerned. You have to know that the seed is something like the master key that allows all credits to be transferred. A thief does not even have to have access to your computer on which the wallet is installed. The seed is enough to access your balance on another computer.
How can you protect yourself?
Never use an online seed generator! When generating an 81-digit seed, all you have to do is push 81 random keys on your keyboard.
Type 7: Phishing website attempts (contributed by: tosindesign)
Scammers would copy exact replica of the websites (wallets, exchanges) and try to get you to login, thereby recording you password. For example, the page Blockchain.info was copied to get the logins. You have to know that Blockchain.info also offers a wallet service where Wallet could save your bitcoins. If Google users searched for “Blockchain info” in some countries, they ran a Google ad that led to Blockchaina.info, a cheat site that has nothing to do with Blockchain.info. The site was a 1: 1 copy of Blockchain.info and was only designed to get login information from users. There are also similar attempts to MyEtherwallet.com and other sites.
How can you protect yourself?
Never click anywhere on a link to a page where you want to log in. The best way is to bookmark the pages and just go over the web pages. In addition, you should always look for the SSL encryption. There will not be a page that stores important data from you and is located at http: //. All pages should now be encrypted SSL and have a https: // domain (although the pages can also be accessed at http: // they will redirect to https: //). The SSL certificates will also show you every browser, for example by a small lock symbol.
Type 9: Used Ledger Nano (contributed by: tosindesign)
At ebay and in other marketplaces there are always offers to buy the Ledger Nano a bit cheaper. This is particularly interesting now, where the Ledger Nano S is sold out and will be available again in one month. There have been cases in the past when users bought a used ledger on ebay and the seed from the ledger was already filled out. Anyone who has not owned a ledger to date will hardly register the difference. Of course, the previous owners have also noted the seed in these cases, which then allows them to get access to the crypto currencies that the new owner stores on the Ledger Nano S.
How can you protect yourself?
If you want to use a hardware wallet like the Ledger Nano S, buy it directly from the manufacturer and make sure that it is still original packed. The enclosed note on which you can write down the seed should never be filled.
Type 10: Airdrops that ask for personal information (contributed by: StarKay)
There are hyped up airdrops that may ask for KYC information, that may end up being used by scammers / hackers.
How to protect yourself:
Think of your personal information as an investment as well. Research who you are giving your information to and why that ICO will need it
Type 11: Identity theft via Social Media - (contributed by: darkangel11)
You have to realize what they want from you. In the end it's always your money, while in the process they may want some personal data, a phone number, whatever they can get into.
How to protect yourself: Never willingly give anything. Don't share your real social media accounts with random people, keep your email addresses to yourself and if you have to use them make sure to have burner emails. What are burners? Not necessarily emails created for every forum and project. Just emails that don't contain your personal data and that you're not using for online shopping, banking and so on.
Please add more below, or share your story.
I think the best way to protect yourself from scammers is that keep your private keys very secure and confidential. As bitcoin transactions doesn’t involve any third party seizure and provides users anonymity so it is very very difficult to reverse your transactions so once your bitcoin has been stolen its next to impossible to get them back and moreover bitcoin is not even legalised in many countries so u can’t even do police complaint so be very conscious with your private keys. |
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I have used cheapair.com for all of my flight purchases for years. I live internationally, buy international tickets all the time. No problems with cheapair paying with bitcoins.
I just bought a ticket for my girlfriend here in Thailand on kiwi.com because the only flights available on cheapair were $4k+ while the one I found on kiwi were $1500.
I actually bought the ticket a few weeks ago but when I went to print it out for her visa I saw that they never booked the flight sending her e-mails about verifying my payment.
I booked it again. I had to send them a copy of my passport, then a selfie. Then they e-mailed me with a phone number to call. I called the number and they verified more information, and now I have to wait for a third party service to get back to me to see if I'm ever so lucky to have the transaction go through.
I hate when I go from bitcoin back into the stone age of legacy finance. Everyone needs to just catch up already.
I don’t know what to say on your issue but I can say one thing for very sure that paying through bitcoin is always better than any other kind of payment method . Making payment through bitcoin, provides you the ease, fast and secure way of making payment and moreover your transaction are very much confidential as it does not involve any third seizure and provides user anonymity and moreover it does not take much time for transactions to take place so I will always prefer paying through bitcoin if my country allows me. |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I am damm sure that in the future banks will surely offers the bitcoin deposits. In present time the government and banks are hesitating in involving into bitcoin because they do no find it trust worthy and believes that introducing bitcoin in nation can put national security in danger because of increasing illegal use of bitcoin but in the future when bitcoin will be centralised, there will be authorised regulating body over bitcoin then banks will also allow to offer the bitcoin deposits and I think this is beneficial too because I think banks are the safest place to store your bitcoins. |
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