As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"

Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency

This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.

The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.

The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.

This Should have been the Future:

Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!

Bitcoin earns the legal status

Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!

People start using the BTC for trading daily life needs with help of bitcoin.

There are no creation of million BTC addresses daily but the only one unique address per head per bank account!

No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.

Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.

Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.

First appearance of the BTC in the global market!

Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.

Reading whitepaper is very important when you want to get to know the crypto projects. I have seen many whitepaper until now but they all seem to me copy paste work from the past paper. They do not interest in the readings at all.

I have seen some of the good reads in the past from social coin, and most recently from the DIW for which I'm wearing the signature right now. This has been some thoughtful whitepaper with proper agenda and future goals described. Do check them out. :-)

That's good motive for those who are scared to death when they see the bitcoin moving down very hard. I am pretty sure that crypto currency is like a girl and she is very moody as normal girl would be. :-D

Now think about it in reality, you do have to face many moods of her and you do actually face them with great bravery and don't get panicked about her. So that is the same thing here guys, you just have to be calm and you will get the fruit later in the time. Keep it simple.

And I say Lol. That's not gonna happen. Why would it happen anyway if we see so many glitches in the use of bitcoin. The different countries are striving to have bitcoin on board though its popularity is tremendous. I'm not sure if this concern will disappear in the future or not but that's really pulling back factor for the bitcoin reaching to 1.5 trillion market cap. Gosh that's even huge to type in with two little fingers.

You see there are much bigger problems in the crypto world than just thinking about it reaching the Mars or edge of the universe. We have to solve it step by step, the developments, upgrades in the scale up issue and much more. Then we can talk about the trillion market cap.

That's definitely is a hoax because there is nothing like that. Such news will spread in the crypto community very fast and we might see lots of investment into crypto at this point because we are standing at lowest possible prices for the bitcoin. I mean just imagine if the prices are gonna get well above 50k then I would put millions at this point and grab billion by the end of 2018. But no I am not doing or neither any other investor is doing it because the news like that can't be trusted out of the thin air.

The bitcoin resistance has grown a lot recently and it is trying to pass on these roadblocks. However there seems little success in it and if that continued then we will never reach 50k so easily.

I will speak from the perspective of altcoin investor. I would suggest, Do not trade coins very early which you might have bought in the presale of the ICO project. The reason is very simple, ICO projects are always claiming the higher prices when they get listed on the exchanger but there is always flood of panic seller which comes in and disturb the price. So the lesson is never ever sell your coins immediately after the coin get listed. You should be very patient and wait for the up surge to come when real development take places later in the time. ;-)

That’s far from happening buddy. I don’t see any major updates regarding the work on scaling issues. We still hoping for this one since years. Many forks came out but they all did it for their greed and profits and nobody really helped bitcoin scale up. The segwit came in but branched our crazy and spreaded the community into two.

There is no reason to support the ICO here, because there are none out there who has brighter ideas any more. They all are condensed now and repeating each other to get some profits. The ICO just stands out only if the real product is avaible for the particular project.

Regulations, this is mega issue and it could turn out to be international one someday looking after its global question. Every country’s government is concerned about it because the money just flying away from one country to another without their radar. Don’t see much things happening in the favour of bitcoin though.

There could be execution and usability only if above three points are valid. This can only happen if there is really a real use of the whole thing in real world applications.

Institutional investors, ah I think there are some but what about them, how they will raise the economy eight times the current one.

I think that’s obvious thing for us to do for our children. I’m very desperate person in my life and I would do anything for my children. (Again obvious thing ). However somehow I’m concerned about the future of crypto currency and hope to see that our government would do something fruitful for us as we are investing heavily into this industry. They should see the positive side of this one instead of black market stuff.

I earn average salary from my real job and this is why crypto currency has taken important role in my life. It can secure future of children very easily as they will never need to worry about the money in their life. They can do anything they want with the money that I saved for them through crypto investment. :-)

Whether it is success or not but I am sure that slowly it will affect everyone when they will realise the value of higher ranks. The higher rank will be the greed for those people and to get that one they will no way but to post quality matter in the forum and help it avoid the shit posting. That way they will automatically learn how to make quality posts.

Speaking about the giving merits to friends and exchanging them, I don’t think it will last for longer as such activity can turn into fishy one and those involved in such activities might get caught in bad action. So let’s give it some more time.

Whether it is bitfinix or binnacle or bittrex but I would say it’s not worth keeping all your crypto currency at one place. I mean ask yourself why would you do that in the world where any exchanger can get trouble from the local authorities as can be seen with major exchanges in the past. They were literally shut down by the government and there was no clue to investors of that exchanger. So you might loose your money because we don’t know whether the exchanger will give us money or not. Apart from this hunk of the different scenario where your own account credentials got hacked and if you lost every dime of token in single shot then what would you do ? So that’s how you should think about it and spread the money across various exchanger or the best way is to get yourself a nano ledger hardware wallet and store it there.

I think day trade is going out of the hands these days as we see the overbig waves in the market. But I see verge and TRON the best choice for this one. The TRON however is the best one because it keeps spiking all the time. You can do 6-7 profitable trades on this coin in a day and that’s for sure. However the profits are small , very small but if you successfully make 5-6 trades then I’m sure that’s big profit for you.  

I don’t really see other coins out there although there are huge number of coins. We should be very responsible in this one as crypto can eat out trades at anytime.

I think yes that’s true law. It’s also applicable in my country where if the transaction exceeds to equivalent amount of 2500 USD. This has to be Filed towards the returns that I pay. But to be honest in my country the regulations are not that strict and I can just surpass the whole thing with few tricks. I can buy token by paying to other person with cash and hide the whole thing. So I have that advantage here but in the country like USA where things are very strict and every bit of transaction is tracked I’m sure that’s worst one. Getting into ICO in my country is easy but in US everything is getting worst and people out there are not gonna bless with it.

The most easiest way is to hit their ANN scetion and after that various blogs such as medium, steemit, and Pinterest etc. The later options are important because they are made by bounty participant who actually study the whole project before posting it onto the blog sites and thus they take out the positive and negative sides of the project thus giving us opportunity to explore the project in wide sense. This is my strategy and most of the people will just tell you to hit the whitepaper etc but going through this way can shorten your time of study and you can get real idea about the ICO project.

That’s not necessary at all, demerit would be shit concept and people will also take it for granted while marketing about it. If people are having bad thoughts like selling sMERIT then I am pretty sure that people will do the same for demerit system too. That’s the way human mind works if it is foul and greedy. 

I think sMerit system is perfect in its own way and we don’t need any changes in it. If you are a quality poster then you will receive it from great reviewers if you are not then you deserve to be locked out at whatever rank you are.

I am interested in signature campaign !

#JOIN

Bitcointalk username: Ctn
Forum rank: Senior Member
Posts count:  (including your registration post) 520
ETH address: 0x90c3365b695023b27c1378deaFBDB0351277c18C

Many thanks!

So South Korea was both rival for the bitcoin and winner of the bitcoin. It was the reason last time bitcoin fallen like crazy but that was golden opportunity to those who were new in the field and wanted to get the entry into investment and they did. Now is the time when Korean regulations are in place and the whole thing is just going in the direction thus making the move of bitcoin upwards. So yeah it’s best thing that has happened now.

I don’t believe that he is going to eat his own dick for true. Because the prices are never going to hit that much prices anytime soon, the bitcoin is currently in struggling mode and it has to do many developments yet so that it could go green for such high rates. Still impossible if bitcoin is making its block time around 2-3 minutes because it is the trust at the end which makes everything possible. Looking after current events bitcoin has already made many mistakes loosing its investor base on large scale and that’s what going to be limiting factor in this regards.

I don't think that local bitcoins will help anyway as to get the coins they will have to acquire the coins in their wallets and in general we have to connect the Adhaar card to the wallets itself. But somehow I am sure that this will help the Indian fans to get the things done  legally so they wont worry much about it getting banned in their country. I am pretty sure this will bring the stability into their own ecosystem where they can trade the digital currencies freely. Its good step that they have taken actual because somewhere somehow it will affect the trades in a good ways.

What I can see is the only worst scenario of the era. Couldn't even understand why bitcoin is fluctuating like hell. Juts now I saw bitcoin went down to 8.9K and now again back to 9.5K. It is still the worst prices anyone can imagine for the bitcoin.

This is definitely government who is causing the whole drama and they have created the fear of bitcoin market crash into everyone's mind. All the investors are in ambiguity whether to sell it or hold it. Even everyone at this moment is in complete loss because we have to accept the thing that this is the lowest prices since December and everyone had hold on to it at higher rates.

We are tangled into circle of the government wrath.

Oh great lets tell everyone to hold the bitcoin and shut down its healthy circulating supply. Holding doesn't mean that bitcoin will rise ever to higher peaks, the real thing we have to keep moving to, keep using it. FYI: This is what I learnt from the different threads on the forum and I agree on that point a lot now. Just made some calculation and I agree on that as if we keep holding it then we are actually locked out and there is no more demand for it. If circulation increases then automatically people will start buying more coins and then it will hike the market. Also, 40K is too much for the bitcoin. Im seeing positive waves from eh ETH side and it might just happen that people start investing into that an make it new king.