We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
Wallets can really be hacked as well as those exchangers so you should always ask those people who are pioneers of this industry in order to get the right coin holder for you either it is online or offline so do not use any wallet immediately. |
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While it is good news for Bitcoin users/hodlers that countries allow the use of Bitcoin as a means of transactions within their border, what will be your position if a country decides to take a step further by using Bitcoin as its national currency?
Japan is saying that they want to be the capital of cryptocurrency and the trust of the community on bitcoins might start on them because they believe that bitcoins does really have a bright future and they are using cryptocurrency today to improve their own economy. |
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About virtual currency, there are 03 different understandings:
Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.
The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.
Virtual currency is the plan of jak ma who created alibaba and he wants to live a cashless country. There is a huge chance in the future that it will be implemented on the entire world because the price of bitcoins today in the market is continuously growing. |
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In my opinion it's important because it allows money to become like air or the Ocean. Something that just naturally exists in our lives (without being owned by anyone) and allows us to value things in our world and store wealth.
I think in the future the value will not be determined by any government but by the world economy as a whole.
Bitcoin is not important in our life, the only reason why we need bitcoin is that, it helps us to cover our financial problems and that is the number one reason why people are believing on bitcoins and the wealth that it can bring for us and most of the employees are leaving their job to become a full time trader in the market because they can earn more profit in this way. |
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Well I like both, if you can just have both. Both gold and Bitcoin are good investments. Their values appreciates in time, plus they both have advantages for gold, you can use it as jewelry and accessory because it is beautiful. For Bitcoin you can also use it as a currency for shopping online different stuff, anytime anywhere. So if I were you, I will be buying and keeping these two, it will definitely be worth every dime.
Yes you can have both but imagine if you have tons of bitcoins and you will only focus all your money on cryptocurrency then you will earn more profit more than investing on gold. Gold is very hard to sell and you will not immediately turn it to fiat because there are a lot of papers to handle. |
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Bitcoin appeared in 2009, eight years, the total value of the circulation of bitcoins up and down 200 billion US dollars. Bitcoin was declared "dead" by the media countless times. However, it is undeniable that the media has a huge influence. Therefore, with each media claim that "bitcoin is dead", the price of bitcoin will drop sharply. The magic is that every time Bitcoin is alive, its price has hit a new high all the way. In other words, in the face of so-called drug poisoning amateur media reports, bitcoin gradually developed "resistance", negative media coverage for the impact of bitcoin prices getting smaller and smaller. What will eventually destroy bitcoin? If there is a force that can destroy bitcoin, it must be human greed.
Countries who continues to ban bitcoin are one of the possible destructors of bitcoin.Once that all country's worldwide continues to ban bitcoin, Bitcoin will truely be destroyed and can be cause for its disappearance.But since there are still many country who trust bitcoin,its disappearance wont going to happen. Government can actually destroy bitcoins and the entire cryptocurrencies because they are the leaders who are deciding what will happen in their country if all the governments will decide to remove cryptocyrrency on different countries then the value of bitcoins will further decrease and all the altcoins will be affected as well. |
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I want to start investing in Trading someone can help me how can I start , What things to do and how ?
Answer so much appreciated thanks ..
The best thing to do when you are a beginner is to first make sure you have an idea what you will do. You can do some research first about what you want to do and which among the cryptocurrency you think is best to invest with. Once you are already sure where you want to invest, create your own etherwallet and put sufficient amount for gas or transaction fee. Then, you can go to the different trading sites on where you can buy your desired coin. You can monitor its price on the web too so that you can see if its value changes. Buy when the price is low and sell when it is high. If you are a beginner then i highly suggest that you should invest immediately and choose a coin which you think that is reliable, you can choose between altcoins and bitcoins but i prefer to invest on altcoins because the value is cheaper and you can practice trading even on higher values. |
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As a student, I personally think it depends on how disciplined he/she is. Yes, there is a tendency of slacking off on your studies because earning such big money by posting, sharing, doing campaigns or doing translations is such a good bargain than doing real work. I’m not saying that doing bitcoin stuff are east but it is less hard than having a real job. Students goal are supposed to be studying but having bitcoin as something that is a way of earning some extra without having to sacrifice their studies is the kind of student that we should look upon. Remember, you don’t actually know how long this would last, so just to be sure, don’t forget your studies. Your knowledge is still the best treasure no one could ever steal from you.
Lacking of time in school is just fine for me if the student is earning a huge a mount of money, grades are just numbers and it will not determine your path on the future whether you will become successful or not, your determination will still provide you the success and cryptocurrency is a big help for everyone to achieve their goals. |
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trading consumes more your time and energy than invest for some reliable project.
and most of the time it doesn't bring you more profit than other.
any when whole market goes down, you will need some trader skill to lower the loss.
I chose to invest, but still learning trader's skills
You have point on that and both trading and investing should not be compared because they are different ways of earning profit. In my own opinion, becoming a daily trading is more profitable since you can earn more profit more than investing and wait till the price increase in the market. |
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it is impossible if bitcoin is used as a daily currency, bitcoin is not suitable for that.
bitcoin is more suitable for use as an investment tool to make money.
You are right that bitcoin is not suitable to become a daily currency but in the future when the technology grows even more then there is a huge chance that the transaction fees will be decreased and the security as well will be better and cryptocurrency will be fully accepted by the community. |
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because I'm sure Bitcoin will make me Success, that's why I invest in Bitcoin. My belief grows, when I see my friends are a lot of success because of this Bitcoin.
The ultimate reason why I'm strongly holding in bitcoin is that I truly believe that bitcoin will turn out my life in good status and through bitcoin me and my family could have a financial problem as soon as possible. And that financial freedom is the ultimate goal of people today and I believe through bitcoin it was achievable. Everyone is expecting to grow its price on the highest value in the market that will every exist that's why they are hoarding a huge amount of coins when there's a down time in the market, in this way they can earn more profit when the prices goes back to normal. |
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I have just been recently trying to know how our legend crypto (Bitcoin) price determined. I really need to know more about this. Pls how is the price determined from time to time?
I am not familiar with the specific rules as to how it really works. But as far as what I did know it is based on the law of supply and demand. The higher the demand and the lesser the supply, the better will be the price. But how I wish anybody could get first hand info about this as to its formula. Maybe we can apply the ideas on other trades. People or consumers place a value on it on the first time when it came from the market and as the time goes by, the value just increases because of the demand and bitcoins earn more and more popularity each month and year and now it already reached a stable price on $10k dollars. |
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The best way to impart bitcoin knowledge to them is to explain the benefits of bitcoin. I will show them the potential of bitcoin. If they have any questions, we will provide all my knowledge to them. It is important to stimulate their curiosity about bitcoin
Now a days, learning is much easier because there are a lot of people social medias who are displaying the growth of cryptocurrency in their websites and you can also use google and youtube to gain more knowledge by reading or watching videos. |
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I think that within reason almost all merchants are still going to want to receive funds in their own currency as you mentioned. It's too risky and complicated for them otherwise.
I mentioned cards because of this reason, it's an easy way to pay in bitcoin but the merchant receive their own currency.
I have not come across these hot wallets within phones, how would you use them to pay for something in a store? Say you wanted to buy a coffee? Are these the new ones that you scan a virtual card on your phone screen?
Was referring to ordinary android/iphone apps. Merchants can have watch only wallet and they can import xPub from BIP39/44 and recieve funds that way and you simply scan qr code from their monitor and send cryptocurrency. You have Blockchain Merchant that is awatch only wallet and does what I mentioned above for bitcoin payments. It is possible even to pay by phone for national currencies and this is being used in some countries and with some merchants. So we can see that in future even cards might get replaced with mobile phones. As all of us carry mobile phone I don't see the reason for card to exist for cryptocurrency. Of course there is a risk if you lose your mobile phone or if it gets compromised so for this you want to make sure that your wallet is encrypted on the device and not to store large quantities. Anyways cards can be stolen and compromised as well. I really did not know about this, I'll definitely look in to it. If that technology already exists then I have to agree that you're right that in time cards will be phased out. I don't think we are quite there yet though so I do feel there will be a period where cards are necessary for cryptocurrencies. I guess even beyond mobile phones we will eventually have something along the lines of microchips fitted in each individual that can be used for idenfitication and payments. In my own opinion, bitcoins is only good for using as a payment to buy products and goods online and we are going to use it as a credit card. In this way we can have less taxes to pay and faster transactions for different products we want to buy. |
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Yes, bitcoin started to change our world. The latest technology is so amazing and i just can believe that cryptocurrency exist in our time. Before we cannot easily transfer some Funes but right now we can do it without going to bank and doesn't have to travel anyway.
Bitcoin is changing the world for good and it helps different people to get up in their life like get out of poverty. Some of us is in a huge advantage because we know how to earn cryptocurrency and in this way we can have capital to start our own business and sustain our daily needs. |
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Not many people today know about bitcoin. Especially the older generation. For them it is something distant and incomprehensible. Not everyone has the opportunity to mine bitcoins. For them, paper money is still a priority. Why, for example, the US does not use the yen or the Euro along with the dollar. That makes no sense. That would weaken the country's economy. Cryptocurrency is not able to completely replace paper money. In contrast, it does not have a valid value. Paper money is protected by banks from depreciation.
I disagree with you. Paper money has long to be eliminated. But they are beneficial for corrupt officials and for this reason remain in use. Many opponents of bitcoin talk about its anonymity and the possibility of being used for criminal purposes. But they do not say that you need to start fighting with cash. Bitcoin cannot replace national currencies, but it can and should be used as an asset for savings. It's easier than keeping money in banks. You are right, those governments are really stealing a huge amount of money on their people and they are in a huge advantage for us because they all have access on our banks and they can monopolize the system as well for their own interest's good thing is that cryptocurrency does not have tax. |
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Bitcoin price trends is upward. It is consistently rising, 2017 is the year for multiple all time high BTC prices and I know it will continue next year.
You can still buy BTC when it fells down a little bit because I don't want to think that it will hit a hard drop. Just feel the market and keep monitoring...
My biggest mistake is to invest in BTC. I bought a BTC at 15K and now the price of n is 11K. I lost a lot of money That is the reason why there is always a right time to invest because not every season in the market is pumping and as of now if you are losing a huge amount profit then you should just hold your coins and do not sell them in the lowest price in order to reduce the probability of losing even more of your investment. |
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China cannot handle the growth of cryptocurrency as well just like other countries and may be it is affecting their
Chinese People Verry Worried For Bitcoin Crypto Currency
In China Becouse Some ICO/Some Little Problem But China Extremely Not Banned Bitcoin I Think Keep It Growing Up.
You are right somehow, there are a lot of factory workers in china and because of cryptocurrency the employees are reduced and most of them are choosing to run a mining rig because the cost of electricity in their area is very low. |
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Terrorists are always trying to fnd the new awys for funding their activities. That is why are they also watching new technologies and trying to keep the step.
I think I've read somwhere that bitcoin was already used for financing terrorism and I wouldn't be surprised if that it' true. It's much more convenient way than using fiat currencies. Also, financing terrorism or better to say to stop it is one of the reasons why exchanges have so strict policy.
It is possible that bitcoin will be used to support terrorist because anyone can use cryptocurrency, in this way they can really be hard to find and since it was a digital currency then nbi will have a hard time to trace the transactions and governments are avoiding this problems. |
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Everyone can use bitcoin in different ways even it in good time or bad time. Bitcoin is not variant to fiat or any form of money, as long as it have a value it will use in many ways
It is possible that bitcoin will be used to support terrorist since everyone can use cryptocurrency and the transaction is very fast, it can greatly help terrorist for illegal transactions without being caught but still, they should not ban cryptocurrency because it helps people a lot. |
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