yes of course bitcoin is a digital currency like gold because bitcoin for now is the best cryptocurrency currency and can be used for all countries and can benefit from bitcoin so make the movement of trading volume of bitcoin is very big.
Being the best cryptocurrency does not constitute that it is equated to gold. They may have similar aspects but gold is indispensable. Unlike bitcoin, gold has been existing ever since time immemorial. Countries transact golds and view it as a legal process of payment. Its tangible natire and expensive price make it an investment tool for futute perspective. Though much has been said, bitcoin cannot be a currency yet as it has to conform with the requisities. Some countries prohibit the use of such despite having positive economic benefits. |
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Ive always been 1 that thinks i earned the money, why cant i spend it when and how i want? Thats simply not the case in the usa cause our goverment believes they deserve to tax revenue from anything and everything.
That being said, i find gambling sites restricting ips from usa to avoid their own legal troubles leading me to believe the usa doesnt allow online gambling but i find a way to get it done
The money that you earn are basicslly yours and you have the prerogative to spend it on anything mich that is legal. Like drugs, guns and other stuff, they exist but they have strict regulations or complete prohibition into it since it is an area which can be abused by individuals. If the government bans gambling, thwn why still engage into the practice? They will typically prohibit the use of such if they view it as toxic and as a threat to peace and security in the country. |
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I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, Why on earth did you waste those hours? Is this how you earn govt currency as well, or do you suppose there's a better way? Please tell me you don't think bitcoin is useless because you can't make a decent Bitcoin income looking at advertising sites. All of us have their opinion but please do not blame your incompetency towards something that is bigger in scope. Due to your lack of understanding, knowledge and skill about earning bitcoins, you are only able to garner a value which is relatively low. Remember that everyone has to start from somewhere and that includes millionaires starting from scratch. Your statement is fallacious and invalidates most progress (including mine) of individuals who earned a lot of bitcoin due to their resourcefulness. People invest into bitcoin due to its potential of yielding large amount of profits compared to any other investment tools present. Its convenience also makes it accessible to most individuals if they wanted to invest. |
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There are different reasons why we do things generally in life, Cryptocurrency too is not an exemption. Different people have their reasons for involving in Cryptocurrency as a whole. To me, I first heard about Cryptocurrency in 2016 after my adventures with ponzi schemes. The impression I first have was impressive because I was in a good hands then, my mentor was a keen and always ready to help person and he achievement was there to show for it. So I was curious to get started and join the big guns in Cryptocurrency world.
Share your views on the reasons that got you involve in Cryptocurrency and let the newbies learn.
Two years ago, I was looking for an alternative method in order for me to earn extra income. My friend, humbly suggested that I should look into cryptocurrencies (bitcoin to be specific) and try to make an investment. I read articles and archives about bitcoin and I learned that they have the potential of yielding large amounts of incomr. But when I came across this forum, I started making an account and joined campaign signatures. Until then, I’ve been participating and earning bitcoins weekly relative to the campaign that I joined. |
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Hi everyone,
I have some thoughts about the future of cryptocurrencies. At some point, even if they do not get to be regulated, still the countries will have somehow their own digital currencies issued. How do we make sure that BTC will dominate the respective national cryptos of each country? Or BTC will eventually turn entirely into an asset, leaving space for other currencies as means of payment?
Simply thoughts about the future from a new guy.
Technically, bitcoin is being regarded as an asset currently as it cannot be a currency. Some countries do even consider it as an alternative payment for various services and products in the market relatuve to their laws. In order for bitcoin to continue dominating the market, it must attract new investors and retain old ones, it must be generally accepted in every country, it must conform to the laws and regulations imposed and it must retain its high price. Its high volatility makes it a perfect investment tool for short or long term goals and its accessibility is relatively easier compared to other investment mechanisms. |
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Well nothing is impossible but reaching 100k is very unlikely to happen. There are a lot of things to take into account when considering its price in the market. The only feasible explanation that may skyrocket its price is when countries from around the world would implement and embrace its process into the transaction system. Currently, there are still underdeveloped countries who are struggling for technological advancement and implementing bitcoin is far from their priorities. Like what I mentioned, maybe in the near future if we shift into a wireless form of payment then we would see bitcoin’s price at the top. |
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This would produce the most gains , but if you predict wrong you could be stuck waiting for the price to either come back up or down to get back in. I did this the other day. I sold and bought back in at what I had predicted was going to be the next upswing. However some last second sellers swooped in and dropped the price below my limit. Then it just continued to fall from there. Now I sit and wait for the price to come back up to my purchase price so I can get back at it. I hate waiting. I get antsy. I should have left some money in reserve so I could have at least bought in at the bottom. I got greedy. Now I wait.  Trading in general is a risk but trading everything in one go increases your risk tenfold. The goal of every trader is to minimize the risk while maximizing the profit. You aim primarily for profit but there are also a lot of factors you have to consider whenever you trade. You weigh the risks by observing the market and by staying up to date unto recent news. After that, you then decide to whether risk it or to halt your decision depending upon the results of your observance. Well like what I always mentioned, experience is always the best teacher in learning out mistakes. |
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Why, until now, government all over the world still doesn't trust bitcoin?
There are various reasons on why the government prohibits the utilization of bitcoin, such as its decentralized nature, its volatility, its threat economically and socially, and its implementation throughout the globe. Due to any lack of government regulation, they view bitcoin as a foreign thing has the potential of scams and abuse in the market. Also, bitcoin has been used as the main currency under the dark web, which mainly contributes to the criminality rate. Lastly, they fear that its volatile nature might become a barrier towards safe and securef transactions due to its unnecessary peer to peer transaction. Unlike other investment mechanisms, bitcoin is the only one who lacks such governmrnt intervention. |
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Most individuals view third-world countries as countries who cannot embrace the technology and system of bitcoin. Not to mention, it has created this stigma wherein if a third-world country gets involved people would think that they are not knowledgeable about cryptocurrencies in general. Since the Philippines has started to implement procedures and developments, this reflects a postive news to the crypto world as another alternative is created. Hopefully countries would adapt and support this decision for further enhancements in the future. Good news to us , i am a filipino and wow seems our cou tries government is beside in crypto currency. So crypto will not ban in philippines. And also it contribute on world economy of online digital money. Filipino crypto user will become more, people and companies will be enter in crypto world.
With this news, it definitely implies that the country is lenient and willing to accept bitcoin in the community. Hopefully this continues and other countries would also support this decision. |
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Were you asking a question or merely stating something as fact? I would argue that Bitcoin isn't too different from the past you have described. Satoshis still cost a fraction of a cent, so you could still use Bitcoin for reasonably small payments, especially right now that fees have basically bottomed out. It wasn't as ideal as it was then for micropayments, but is still quite viable. It's perfectly suitable for payments of every other amount too.
I agree that it has to be feasible for payments for it to have value, but some people would probably be content with it just being a store of value.
Technically, bitcoin can be regarded as a currency but it has to conform with the requirements needed. In order for something to be a currency, it must be accepted by the government in terms of utilization, its value must be represented or backed up by something (like gold), all countries must embrace and follow its implementation, and it must not be limited. Due to bitcoins nature being decentralized, some countries do not accept its existence. Its volatile nature also makes its price unstable, thus making it prone to inflation. I believe that bitcoin can be s currency once all countries are able to support and accept its system. But currently, it is something that holds significant value. |
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Everything has to start from something and learning involves it too. The process of learning cryptocurrency csnnot be done overnight as there are a lot of complex functions but eventually, people would start to digest it slowly. I disagree with the topic as knowing cryptocurrency is mandatory if you want to pursue it. I know ternagers who are able to adapt softwares and developments to the blockchain and it depends upon your will on how you would approach it. Relatively speaking, even beginners are able to learn in a short amount of time because what drives them into learning is their determination and will to succeed. |
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Because I strongly believe that through this cryptocurrency I can achieve my financial goals in addition I am also inspired to invest in the world of cryptocurrency ... so I entered this world is to meet the needs of life ...
Joining in this cryptocurrency world is by chance when a friend told me about it,i have doubts but i never hessitated to be a part of it and now that im already here i think i could pursue my dreams to own a house,because i really want to provide it to them. Someday it will happen because i know that bitcoin and altcoins can make me reach it. The cryptocurrency world did not just chsnge me monetarily but it has affected me personally as well. This gave me the opportunity to learn knowledge about cryptocurrencies in general and it also provded me thr chance to meet other invetors who share the same passion as well. Cryptocurrency has helped a lot of individuals financially and it also made s lot of millionaires due to its price and nature. Some people consider it as a threat to the economy snd society (which is the government) and they are starting to impose rules prejudicial to its existence. I do hope that one day, they would able to see its impact in ghe all aspects of society as it creates job opportunities. |
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Hello everyone.
I am new here in crypto world but I have no experience about what is the way to earn money using cryptocurrency. I was already studied few things about cryptocurrency but for me it is not enough.
I believe that all of us are have a chance to make a better life in crypto world however I don't know to start or where I do start? Many of members here said that investing and trading are the best way to earn more profits.
Do think that trading and investing with cryptocurrency are much better to my upcoming fulltime job? Because at this time I'm just waiting for the call of my fulltime job. What are the best advice that you may give to me. should I reject the fulltime job that I've been waiting for or to go enter the world of investing and trading?
Can you share you experiences and ideas for me.
It is the great opportunity for me to read your answers.
Thank you in advance.
There are a lot of thinha you need to consider when opting to switch from a full time job to focusing into cryptocurrency. One, you gold the time of your work as there is absolutely no one to boss you around. Two, you must know some knowledge about cryptocurrency in order to start as it gets complictaed when people avail for your services or if you focus in trading. Three, the incom you receive is relatively higher. Though there may be a lot of advantages, conider the whole job as a risk. The income might be a little inconsistency and the price is determined by thr success of bitcoin. Not to mention, you acquire skills, hone your technique and talents when you work inside a company. The choice is yours to make but personally I would fous on the two at the same time. |
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I am not sure that this section is right to post my thread . my question is : since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network . If this is real news then the value of the bitcoin will go down speedly It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit what's your thought guys  There will be only a limited amount of bitcoins available in the market, specifically, 21 million bitcoins. Due to this, the price of bitcoin actually depends on the law of demand and supply. Not to mention, its lack of any government regulation makes its value very volatile in the marker- making it a perfect investment mechanism for invesyors who are aiming to earn short time income. Like gold, its quantity is limited, thus it has the potential of whales controlling the price. It depends upon the investors if bitcoin would still reign in the market. |
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The Bitcoin is reaching $10,000 again. Personally, I think cryptos will be the future, even some countries already banned them, like China and South Korea. Recently, an news shaped my eyes again, it said that the investment banking powerhouse Goldman Sachs will start trading Bitcoin futures using its own money. Bitcoin (BTC.X): will this rally sustain?Do you think bitcoin will continue to increase?This actually depends on a lot of factors, mainly the government, the market, the number of invetors and the technology supporting bitcoin. Not to mention, you also consider the economic standing of each country as its development may continue to spread if all countries are able to embrace its development. To answer your question, bitcoin will continue to rise since it has brrn the reigning cryptocurrency for 8 years. Bitcoin has also been the revolutionary concept behind the idea of transcating without the need of any personal appearance. |
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The risk in the virtual currency market is the risk of losing some or all of its capital when the investor performs the investment or virtual currency transaction. Identify the risks before conducting a transaction, helping them to know the specific loss rate in each case of investment will be how to, minimum and maximum how to decide the scale of investment, the first time investment, time of investment completion, and other relevant factors.
Here are some of the ways on how someone can mitigate the risks when investing into cryptocurrency, or anything in general: - DO NOT BE GREEDY. You need to establish a maximum threshold of profit or loss in your investments in order to avoid losing them;
- Educate yourself by reading investment books or watching financial strategies in the internet. Take advantage of the vast information available;
- Observe and read the market carefully. You have the burden of checking news relevant to cryptocurrencies or by checking the price of bitcoin;
- Only invest the money that you are willing to lose to prevent withdrawing them for financial needs. Only withdraw your investments when you are dire in need; and
- Always diversify your investments. Investing into one cryptocurrency can increase the chances of losing everything instantly. By diversifying, you are actually splitting your resources into different coins for profit maximization.
Those are some of the ways on how an individual may follow to prevent any losses in an investment. Be reminded that investing is a risk. There is no guarantee that your investment would actually prosper in the long-run as there are many factors to consider but there are ways in order to mitigate the chances of losing it all. |
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Big Banks are so nervous about Bitcoin because BTC came about to disintermediate third parties. Banks are definitely unnecessary when making transactions person to person, especially across borders.
The reason on why banks see bitcoin as a threat is deu to the payment system it provides to users. As what you mentioned, the existence of bitcoin eliminates the need of a person to transact personally to another through the use of banks. Another thing, banks are also businesses present in every country and their main goal (like any established business) is to earn money. The existence of bitcoin has influenced a lot of individuals to invest money on a non-regulated source which makes banks irrelevant in the picture. This may also potentially disrupt the equilibrium in the money supply in the market. ı think crypto currency will be a threaten to real currency, and bank is holding the real currency, they are afraid of losing their currency's value. So maybe, bankers are looking crypto currency as a threaten to them.
A currency's value is determined upon the number of gold reserves a country has. Factors such as inflation, money supply and demand, economy etc. are also some determinable sets that affect one's value of currency. Cryptocurrency, specifically bitcoin, cannot replace the traditional paper money yet as countries have their different economic and technology level. |
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I'm a new investor who is talked about Newbie, and I'm know Bitcoin by Ebooks and Internet.  I found that the history of Bitcoin is relatively short, to talk about benefits, it is digital currency, not through convenient medium and relatively fast. But there are many limitations, it is anonymous and easy to be Hackers possession, difficult to universal throughout the world as well as all types of business. I want to borrow money from my parents to buy more Bitcoin, because I believe the value is increasing but they still doubt it is multi level ponzi, should I invest a lot here or not? I need more advice. Thank all of you a lots. You should consider other alternatives whenever you think of investing everything that you have into just one mechanism. Unlike bitcoin, investing into stocks, golds, real estate, and bonds have their respective collaterals and security due to the intervention of the government. Like what you mentioned, the history of bitcoin is relatively short compared to the other investment mechanisms but one thing that they lack is the percentage yield and opportunity to earn large amounts of money in a short amount of time. Most investors are inclined into the traditional way of investing since they are already grown accustomed to it. They think that the old method would always be better but in fact, we are transcending into a digital age of revolutionary developments. Personally, I will diversify my investments and establish a plan on how would I do it. Maybe like 60% of my earnings would be for bitcoin and the other 40% would be for stocks, bonds, etc. One thing that you always have to consider is the money that you invest, consider that as the money that you are willing to lose. |
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I think this is too early for High school students but the right time for college students, but overall this is great for the crypto community. This will certainly affect the future of Crypto currency market, since they have at least a basic knowledge how blockchain works. Unlike the older people today that has a closed mind thinking that Bitcoin/altcoin is just another scam. This students will be the future investors and will surely make the crypto currency market stay for the future.
Technically, high school is where most students tend to discover their passion about their lives, which is the crucial stage for determining their future. Teaching at least a background in cryptocurrency on high school will supplement the students with the right understanding and knowledge if they want to pursue such degree in the future. Not to mention, with the digitalized age slowly embracing into the world, who knows that maybe in the future countries will adapt electronic money and dispose the paper money system. As the saying goes "start them young" and this is very true.
I don't think that's true for crypto and youth, though. Bitcoin hasn't quite achieved wide adoption yet, and most people still question whether it's necessary. If you tell the average person about bitcoin, they'll ask you what it's used for. If you tell them you can buy things with it, they'll ask you how you get it. You then have to tell them that it has to be bought on an exchange. Then they'll ask why you'd want to go to an exchange to buy a currency in order to spend it, when the cash dollars in their pocket is much quicker and has no transaction fees involved. If you happen to mention that you have to pay fees to miners and that you have to wait for transaction confirmation, they'll likely tell you that they're not interested. This exact conversation has happened with me, which is why I'm writing it. Kids don't really need to be educated about crypto, in my opinion. If it has any staying power, they'll either pick it up or they won't. I think education about economics in general is more important. Maybe the mathematics behind crypto would be more appropriate, but that's about it. You are right but I have my reservations. Being able to exposed them at an early age about cryptocurrency would give them the idea behind how it works. Due to the hype of media, I guess that most of these students have an idea about what bitcoin is but not about its function and use. Most of them know about its skyrocketing price but the they tend to ignore the actual use of it, which is to provide convenience in transactions and not just some investment tool. |
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Can you have regulatory bodies function without centralized authority? sort of like a union. Can this be monetized in a way that's fair and consensual? I think most of us in this space have some beef with regulators, but it's becoming apparent that some self-regulating needs to happen. I think it's an important discussion, would love to hear any ideas on the topic.
A lot of implications will happen if cryptocurrencies were to be regulated in the future. Frst, prices would be somehow stable and less-volatile since it will be regulated by government-created departments or institutions; Second, the government will need to accept its legality and function into the society and other countries must conform with this acceptance for a wide-scale implementation; Third, it will benefit the general public and the government economically, as it may provide job opportunities and employment if they offer cryptocurrency-related work or matters; and Fourth, since prices would be less-volatile, expect its price to decrease in some point wherein investors would look for another alternative to earn income. |
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