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4921  Bitcoin / Bitcoin Discussion / Re: How to make governments accept bitcoin? on: April 29, 2017, 09:47:20 AM
I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?

We must show to them how bitcoin helps us and the advantages of accepting it. It can make every person's life very easy if we use bitocoin. We will show to them that this bitcoin is use in many ways such as buying in groceries, buying online and even in transportation. Goverments must see that even bitcoin have failures it will overcome it and fix it then it will have it's progress in order to be more popular and best among the other alts.

But before saying those things the biggest problem is how do the thirdworld country adopt the bitcoin if they are not a computer illiterate and their country is not really advance in technology . That is the biggest problem. But if it will gonna happen then i think it is very advantage to us because we know what is bitcoin and we can take that as advantage to earn more from the pumping of bitcoin
That's where you're wrong, many third world country citizens have used laptop and gadgets in their life if you're thinking that people in third world country are like tribes who's still having the lifestyle like in the age of stone you're definitely wrong.
In many parts of third world countries, especially their big city, they've used advanced technology and there's no need to struggle to access bitcoin from there. Old people there are indeed lack of knowledge in regards to technology but the new generations have used the technology since long ago.
4922  Bitcoin / Bitcoin Discussion / Re: Bitfinex- bank blocked all their deposits on: April 29, 2017, 09:40:40 AM
Situation like this is a testimony that bitcoin cannot stand in the vacuum without relying on the existing financial system in which banks are  a major facilitator for that. It also shows even if government cannot find a loophole to control bitcoin cannot ban the currency, they can go further by after not recognising the currency then frustrate every move to make transaction seamless because in actual fact bitcoin can't survive without fiat.
That's actually right. Some people here repetitively saying that bitcoin will eventually destroy fiat but in fact, they're all really wrong, people who use bitcoin just have one purpose, exchanging their bitcoin to fiat at the end.
As many economics said that bank is a core of the economy, without it, a government will have a weak economy because almost every country in this world has the banking system.
Just people here need to be realistic that destroying bank would indirectly affect their bitcoin.
4923  Bitcoin / Bitcoin Discussion / Re: What would happen to your BTC and Alts if you died today? on: April 29, 2017, 09:32:34 AM
My privkey is shared with my family members, mean it's okay if there's something happened to me. Though they don't really know what to do to it but I'm sure by the time being, they'll figure out how to use the privkey and use the money inside, yeah, the power of money will increase your will even you'll be struggling, that's natural law.
4924  Bitcoin / Bitcoin Discussion / Re: How much risk in bitcoin investement ? on: April 28, 2017, 08:44:50 AM
I just wanted to know that,what amount of risk is there in investing in bitcoins.
Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.
I think the higher the price, the more risky it is. Try to buy when markets are stable and not heavily extended. But you might miss out in the short term if you don't buy in early.
That's right, after intense price increase or pump, there'll be always correction and it's mean the price will go down at some point and reached its stability, never try to invest when you just missed the train. There's no point of it and just giving you additional risk instead, wait for a better momentum and until the price of the coin you're aiming going down  at its deepest point.
4925  Other / Off-topic / Re: Why illegal stuff such as drugs, weapons etc can buy only through the Darknet ? on: April 28, 2017, 07:50:08 AM
Obviously other online store would not allow to sell illegal items in there store are they sell are trusted that why there site are trusted and obviously darknet is elligal all do shopping there are hiding there vpn to avoid being arrested in there location they need to have vpn.
If that's the case, they would simply make their own online store, making an online isn't taking that much resources and rather cheap. But, the main problem is how to be sure both of buyer and seller will always feel safe when making a transaction, so they've come to the solution to sell it in the dark web which is "under surface". And, some people said that VPN is not enough to surf the dark web, just don't go there if you want to be safe.
4926  Economy / Economics / Re: panic selling on: April 28, 2017, 07:42:34 AM
With BTC price soaring and surpassed the all time high, many will have second thoughts on selling their coins but instead some will still hold and keep until their desired selling price. To those who bought their coins last year, they already earned a profit of 64%. Last years price is $874 USD. Cant blame others if they plan to sell coins now.

you are right, the price just surpassed its ATH. even i, find the price so tempting to sell my coins. so maybe some will panic sell this time because the price is high already.. BTW, is there any news why the price is rocketing? is this something to do with the revival of ETF?
As far as I know, there's no really important news coming out, it's probably a usual trend which always occurs. The price is indeed skyrocketing though it impacts the altcoins and so does with my investment, LOL.
What I could agree is that at the peak of the price, people will sell their coin, eventually, don't miss the train.
4927  Bitcoin / Bitcoin Discussion / Re: What do you think are the biggest disadvantages of Bitcoin? on: April 26, 2017, 03:34:28 AM
The Biggest disadvantage of bitcoins is his price nobody know when the price increase and decrease. its good for investor but to sometimes its become to much risky, like trading, but much risky much money yeahh
That's what happen when a currency's price is truly based on the demands of the market and the ratio of supply:demand is really affecting the price and the whole currency's economic. What I've seen is that majority of people who join bitcoin recently are attracted to its potential of giving decent profit and they consider bitcoin as an investment and not a currency, that's right that normal people who use bitcoin as ordinary currency struggling to keep their value stay at its point.
4928  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][QAU] QUANTUM PROJECT - Connecting markets on: April 26, 2017, 03:12:07 AM
Wow! More than 100 BTC increase in ICO investment in just two days?! Amazing!!! It only shows that many investors now trust this project. This will be a good start. I'm sure that after ICO, there will be a huge price increase if many more investors will invest in the remeining days of this ICO. I'm keeping an eye on this project.

More than 100BTC!!! Its very near to 200BTC mate. The Quantum Project is getting its advertisements nicely from the campaign and Xaurum team.
Bitcointalk community is the best when it comes to launching your project and getting response from people all around the world.
More publication towards the project brings more insight and therefore the project will begin its way to success. Those investments also mean that this project is trustworthy, the investors I'm pretty sure have been analysing the whole thing the project is offered. There's no argue on that.
4929  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you see alts have chances against Bitcoins? on: April 25, 2017, 09:46:27 AM
Bitcoin is the strongest and most reliable crypto currency. I think some altcoins do have chances to reach the level bitcoin currently has, but not a lot.There are some that could be a pretty interesting alternative out there. Altcoins will never reach the same popularity of bitcoin.

There are a lot of powerful altcoins, and it can compete with bitcoin, however, bitcoin is the leading currency, so it is always preferred by the people
Its popularity as payment processor also makes bitcoin more dominant compared to any other altcoin. It can't be argued, but, some altcoin also trying to invent a tool which could make the crypto world more interesting, as you can see, now, so many altcoins are popping out offering a new innovation in the various sector, whether it's economy, charity, and more.
Just my honest opinion, instead of competing with each other, these altcoins should make the crypto world more interesting that could attract people's attention.
4930  Bitcoin / Bitcoin Discussion / Re: A Noobs thoughts on BTC on: April 25, 2017, 09:31:34 AM
Bitcoin will never have a stable price, because bitcoin is not regulated, and you need regulation to keep a stable price, this is basic to understand

Could you explain how regulation will make Bitcoin more stable?

After all, price is still determined by the balance of supply against demand, and as I suspect, Bitcoin is no exception to this rule. So if you basically claim that Bitcoin regulation will somehow make Bitcoin prices more stable, that necessarily means that regulation should affect supply and demand. To make prices stable both sides of this balance should increase multifold, and how exactly Bitcoin regulation is going to do that?

i think he mean that regulation can increase adoption, we have a case in japan where regulation made adoption in japan far higher, this is also proven by the very high volume they have on exchange, the highest among all

so in theory if all country do the same, we can have a better adoption that will lead to more stability, which make sense
I think that the increase of adoption will also increase the demands but just temporary.therefore, bitcoin is still unstable as it usually is, the price of bitcoin purely affected by the ratio between demand and supply and the increase of demands will make the price higher and it doesn't reflect a stability, a stable currency is a currency with pretty static value, it's changing but really slow. Well, just my 2 cents.
4931  Bitcoin / Bitcoin Discussion / Re: How many ways are there to earn bitcoins? on: April 25, 2017, 07:03:05 AM
Well i know a lot of ways to earn bitcoins . First of them is mining . I think is the most profitable way i have ever seen . The risk is almost nonexistent. mining is one of the most expensive ways of earning bitcoin and you need a lot of money to start with that business because the mining rigs or graphics card that you are buying are so expensive and you will mind another problem which is the electricity
You've never tried mining, do you?  It seems mining really have no risk or at least low but actually, you'll be struggling thinking about halving which always occur, maintaining your rigs, pay the expenses due to high usage of electricity, and much more.
Mining is basically profitable if you're living in someplace which has cheap electricity costs and good internet, though, to make a good profit, you'll need to build your own rig by buying ASIC Miners, graphic card, and so on. If you're an individual who's mining with a usual graphic card such as GTX 750 TI, or below, don't expect it could fulfil your daily needs.
4932  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you see alts have chances against Bitcoins? on: April 24, 2017, 10:01:16 AM
We will see a clear winner. It won't be for several years though. I'm still putting all my chips on litecoin.
I think litecoin loses prestige with ETH and other new coins. But litecoin still lives and competes. But I'm a bit hesitant with litecoin.


I don't think that those two will have chance against bitcoin. It's clear that bitcoin has a bigger value with it's market cap and ETH and LTC is very far from it so I don't think that it is going to be a good chance for those alt coins because bitcoin will always be on the top. I will remain with bitcoin as the price keeps on climbing.
Bigger value doesn't mean it'll holding on to be number one, it all depends on many factors and what make the value of a coin is high is the demands. So, it's come to conclusion that the main factor which affect the position of altcoin very much is demands, the rest is like the development and project regarding of the coin and so on.
And also, the acceptance of coin in the world might be a tool to determine whether the coin is popular or not, and not just a trading tool.
4933  Bitcoin / Bitcoin Discussion / Re: What to do with the people who don't like Bitcoin? on: April 23, 2017, 05:58:52 AM
Just ignore and don't mind the people who doesn't like Bitcoin. At first, I tried to convince them about Bitcoin but they really have no interest on it. Explaining it to them will just waste your time. Just focus in your goal why you are using your Bitcoin and it will later reflects in your actions and by that time, for me, they will start to have an interest on it.
Nah, they don't have interest towards bitcoin even if you've explained the whole thing didn't mean they don't like bitcoin. It's just they want to stay in the safe zone instead of trying something new even if it's will really beneficial for them and it's normal.
You may think it's such a waste of time but they'll know bitcoin even a little bit because of you and thus they becoming potential adopters. Though, just keep silent and keeping the information by yourself will be fine for you.
4934  Bitcoin / Bitcoin Discussion / Re: Why doesn't North Korea open up a bitcoin exchange? on: April 23, 2017, 04:10:23 AM
You're requesting something that's basically impossible for them. They barely have any right to freedom and you want them to use Bitcoin? Kim Jong-Un maybe could use it, but the others are just manipulated slaves and have no chance to do so.

Just look up "North Korean internet censorship" on Google and you'll find out the answer.
maybe if he "kim" will notice the advantage of bitcoin he will use it for its own purpose as bitcoin can give him a lots money while he still
in control and with all the censorship no one will notice what is happening from btc.
There's no way he will use bitcoin even if bitcoin have so many advantages, the usage of bitcoin will change the opinion of his citizens towards him and will definitely affect the governance.
As I recall, north Korea trying to compete and always make their own technology even though theirs just seem outdated. They will develop a new system or a new cryptocurrency instead of using bitcoin.
4935  Economy / Gambling discussion / Re: I have 0.5 BTC how to make money in Investment. on: April 23, 2017, 03:41:33 AM
Its just easy to make money from that 0.5 bitcoims in investments online.You just need to be fast and invest on investment sites at their early stage because they do pay on their early stage.Also investing in trading will help you make good decent money
Talking about HYIP and your suggestion to invest in early stage, it's definitely useless effort and you'll absolutely lose your money. Those HYIP which often entitle them as online investments only pay in early stage and only small amount of investment they'll repay to the investor. The rest investor which have invested big, usually about 0.01 or more will never get paid back.
4936  Other / Off-topic / Re: Smartphones are vital to bitcoin growth on: April 23, 2017, 03:32:02 AM
I pretty much exclusively use my phone as I don't have my own computer and haven't for a few years now. Definitely the fact that I have a bank inside my phone is very empowering and I pass it onto everyone.
I don't think I can hold on using a phone as primary and the only one option to surf the internet and do something complicated, the fact that using a phone really makes you struggling and can't do further and advanced activities make it becoming kind of limitation for users. You must eventually buy a computer to simplify your activities regarding of crypto world.
Even though it's a smartphone, doesn't mean it's as smart as computer.
4937  Economy / Economics / Re: At what exchange rate would you call Bitcoin dead? on: April 22, 2017, 08:21:35 AM
I don't think bitcoin will be dead or drop the price in the 500$ or below because many users and member are supporting bitcoin and many people now are having a knowledge about bitcoin so the only way for bitcoin is to go up so I don't that will happen for me that is impossible.
Not literally dead for bitcoin but a disaster for those miners who counting on earning from mining. They'll need to fulfil the expenses of maintaining their mining rigs, electricity, and so on. Back then before halving, $500 rate of bitcoin is enough for those miners and get a decent profit but for now, after halving, it's not enough.
Even honestly I think that the price of bitcoin going down to 500$ is kinda hard thing to be happened if there's not a really bad news regarding bitcoin occur.
4938  Economy / Economics / Re: Bitcoin and Africa on: April 22, 2017, 08:14:51 AM
I don't really know the situation and infrastructure in africa, but in the big cities where the internet is available, there's potential of bitcoin to grow. But apart from there, i don't think bitcoin can grow in africa for now as from i've seen there's too many poor and uneducated people there.
That's right, even before teaching people there about the basic of bitcoin and cryptocurrency, they're already lacking infrastructure and basic education. Only in big cities there in Africa are capable of using bitcoin, the rest is doubtfully incapable.
4939  Bitcoin / Bitcoin Discussion / Re: Why bitcoin is not supported in some countries? on: April 22, 2017, 07:59:48 AM
Because bitcoin threatens the status of paper money in my country.Bitcoin is not controlled by any person or any government,also bitcoin is always used for illegal activities,so the government banned it.
It not actually threatens the paper money .The government will wont allow this to happen to replace the paper money.
Bitcoins will remains as other form of payment online ,a digital currency and with that advantage the disadvantage on paper money is having tax unlike bitcoins with no tax so the government have no control over bitcoins. Illegal activities or transactions is not a big deal for them to banned it .The only main reason is the control of currency by which government use to earn from our taxes.
That's right, the paper money won't be threatened that easily due to the existence of bitcoin in some specific country as long as the government only consider bitcoin as an alternate currency instead of the main ones.
Though, your statement which said that the advantage of a digital currency which have no tax is really wrong, you're not paying the tax even for a cent because the government doesn't recognise and probably unable to recognise your wealth in form of bitcoin, but when your government know what exactly bitcoin is, the taxation will come and thus official regulation will be released.
4940  Bitcoin / Bitcoin Discussion / Re: In what situation would Bitcoin die? on: April 22, 2017, 07:52:27 AM
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

if all of the countries will banned it, and if hackers put down all the bitcoin sites and online wallet that many of us is using , that would probably the problem i think. I think bitcoin will not lose very easily.

Banning seems something impossible when you talk about the free world. Off course some more conservative countries may want to do that.

But remember too that bitcoin is online, banning something which is online is hard. Other ways that bitcoin dies, like a new altcoin are just anticipation and speculation.
The problem is not because it's online but because it's decentralised. The government can easily get rid of online thing they don't like by simply seizing the server of the site or service. but, it's a different thing if you're talking about bitcoin, bitcoin is everywhere and so does with its miners which exist in many countries with internet.
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