I keep my Bitcoin in an online coinbase wallet. But many say it's a lot of risk. But I do not think the risks. Because I have enough privacy. I do not trade. Because I do not have so much money. So I withdraw money while I need it.
Yes it is risky in online wallets, but if you're using it only for your daily or weekly needs then its fine. Its only risky to HODL in some online wallets, so it is recommended to own many online wallets and scatter your coins, for safety purposes that is. And every online wallet has its own security and confirmation so make sure to do those things, it is your responsible really. But if you really have such amount of coins then use hardware wallet since it has the most security so far. Hardware wallet has more risk than online wallets. You cannot store a lot of money on a single computer. You still have to go from this computer to the network and you can catch the virus. Imagine what will happen to your hardware wallet if you caught a virus Petya? |
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I have a feeling China will at some plint announce new tax rules allowing bitcoin to be used & traded there. If this does happen then the price will get a huge pump as the fear will disappear.
There are very few sentences the sale of goods for bitcoins. Why do you think that legalization in India will change the situation? If the product in India will be sold for bitcoins and taxes it would not be beneficial. Potential buyers don't want to part with their coins. No, I don't expect major changes. |
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Bitcointalk username; warrior333
Rank;Full member
Current post count;293
BTC Address; 3NcnXBrvmG6tWKjqFwizkJw2a6jWBA5znk
ETH address (not from an exchange): 0x892fa76Dfb7AeD4D1ACFaBB191c6890B7438dF6F
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In fact, the world needs decentralization. People have lost confidence in the government and it can only be restored by transfer of the powers to the people. Crypto currency is one such opportunity. Why people need such a mechanism.
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All disputes boil down to the fact the better to keep savings in bitcoins or gold. I think it should be one or the other. It's a totally different assets and they don't fight among themselves. They just complement each other. Never be greedy. You should always keep savings in different assets.
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If you start a business in strict compliance with the generally accepted rules of this business will not be successful. Now the market has it all. Even drugs and weapons. Success will only have creative solutions and suggestions. If you don't it probably better not to start.
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How this ban might affect the market? The Chinese government can do with the users who will trade and hold stocks on exchanges and wallets such as Japan? The Bank account of the user from China will come the yuan. China wants to ban circulation of the yuan?
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Why do people never learn from their mistakes? This is not the first panic in the bitcoin market. Every time those who panicked lost their money. It has not taught you? At such moments, you need to buy, but if you have no money to keep their bitcoins.
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 For me bitcoin is just a second job .. office work still important to me For me yield bitcoins are in the first place, but I still will not abandon the basic place of work. I think everyone needs to protect themselves from as many risks as possible to one day not lose their savings and stay on the street. |
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Even in the description it doesn't say what these people were doing. You can clearly see they had multiple phones and had a Visa site on one of the computers. Were they Bitcoin dealers? I thought trading was allowed in Russia... Maybe they were laundering money?
They earned the trade of crypto currencies on the exchange. In order not to attract attention they were making a lot of Bank cards for different people and cashed them using crypto currency. We are talking about a total of about $ 9 million. Now they are accused of illegal banking activities. Stupid country and stupid laws. |
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Man is so constituted that it will always cry. People tend to think in hindsight. Even if they sell bitcoin now at the highest price in ten years they'll be crying that have not saved your coins and do not become millionaires. It was is and will be.
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We regularly hear such news, but I haven't seen the specific facts. I think many hear in the news only what they want to hear. The essence hides from them. Most likely we are talking about how to legitimately take taxes from bitcoin. It is a completely different meaning.
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I am pleased to inform you, Mr. Yahoo, what is my rank now Full Member.
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Paper money will not be vanished because paper money is very stable in the guard by the state government and paper money has its own use although there are many who already use debit cards, credit cards and other digital money such as bitcoin, there are some transactions that are handled with paper money and transactions that are handled with debit cards, credit cards and digital money.
Paper money will always be the main currency as a payment method in everyday transactions in real world
I don't agree with you. Paper money is a relic of the past. Now every year it reduces the circulation of paper money. I'm sure this trend will lead to the fact that paper money will completely disappear. The state is easier to control Bank money and illegal profits can hide in bitcoin. |
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We can't explain everything. We can explain to beginners just the basics. Then they themselves will learn what they are interested in. We can only answer specific questions. The trouble is that most Novikov I think that bitcoin is their way to easy money. Once they find out what is wrong they lose all interest in bitcoin.
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Prior to the beginning of this year such possibility was, but now it is not possible. The miners are very greedy people always want to raise rates for the transaction. It seems to me that this issue will continually arise in the future.
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There is no safe way to store your bitcoins. Each method has its advantages and disadvantages. You need to know all the dangers that can lie in wait for and methods of dealing with them. Then you can consciously make your choice and to take care of the security of your savings.
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It is impossible, not every individual have their own smartphones or computers and not all places in this world has internet they would rather buy foods to live than to buy those things.
Additionally if they even if they do have gadgets and access to the internet it is up to the person's will to earn money that will get him out of poverty. Even before there is Bitcoin there are many ways to earn money from other kinds of investment from putting your money in stocks and mutual funds you can save up and build a capital for you to create your own business but do all people take advantage of it? And the answer is a big no because only a few people get to go out of being poor. Poverty is a combination of many factors. Bitcoin helps solve just one of them. It provide access to the methods of earnings, but still need the desire and the ability. You need to have access to the Internet and for banks to be able to exchange bitcoin for Fiat. No bitcoin will not solve the problem of poverty. |
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If the current trend will not change in September we will see rising prices. I don't expect bitcoin to grow continuously. I don't need it. For me it is enough that bitcoin will live on and will become an important instrument in the struggle for their rights.
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If demand keeps growing as it does today, the value of Bitcoin could exceed everything we expect !
If government adopt legislation against bitcoin, it could drop the price but at some point, bitcoin will go up.
The government may oppose bitcoin? How can they ban it? Exchanges, wallets, exchangers are located in different jurisdictions and will not be subject to the laws against bitcoin. On the user's account comes up the national currency, and to use no ban. |
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