Tim Draper clearly understands the meaning of creating bitcoins. He is not a simple investor, behind him is experience and knowledge. Such people should be listened to. The time for banks has passed, it is time for digital technology. Amen.
Every one can have their own opinion,Tim Draper is an investor and he sees bitcoin as the future while another investor Warren Buffett sees the other way around as he thinks it will end up badly and it is all a big bubble. There are many novelty when it comes to bitcoin as it can be called the worlds first global currency but never expect the banks to fade away,we need a combination of everything for the economy to function smoothly. |
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That is a hell lot of coins stored in one wallet. One thing i am sure about that wallet is that he wont be selling all the coins at once,i really do think it is practically impossible to sell everything in a single exchange,the only chance is when he puts all the coins under market value across different exchanges and then he might be able to crash the market temporarily and the market will move forward.  |
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This is a thread started in reddit six months back and looks like you have copied the entire content here,first thing you have to understand is that,there is a time difference of six months and still you are posting the same amount as loss  ,i am sure you will get a ban for copy pasting contents,either way the only thing you can do with these sort of investment is to hold the coin for a long time,till you end up in a profit. |
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This card really ain't that bad. Too bad Barao isn't in the main card.
It is really disappointing to see Barao to slide down just like that,if you remember ,there was a time he was considered the second best pound for pound in the world below Anderson Silva ,when drug testing started all of those super starts faded away,really crazy how things change. I am going with Jeremy Stephens in this fight as i think he has a better chance to knock Josh Emmett. I have to check the rest of the card once again before wagging . |
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I was just wondering on how do investors and creators make money in creating new currency. As all we know there's a lot of different cryptocurrencies that are out in the market nowadays. Others already succeed but there are also some who did not.
How about you? Whats your point?
The exact answer to this question can be answered ten years from now,one thing is certain,the creators of all the tokens are making a good amount of money,through crowd funding and other methods,sure there are plenty of coins in the market and let us see how many coins will be still running smoothly five to ten years from now,i can guarantee that there wont be many coins by that time,there are some promising projects with ICO and if that projects pulls through the challenges and come up with a good working solution,then it would be cool,other than that i do not see many of these tokens are coins lasting other than bitcoin and a few other top ten coins. |
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So then I noticed that there are quite a few documentaries. I started to watch them all. A few from 2015, 2016 and 2017. I was disappointed to say the least. Everything was about bitcoin and the value/worth of bitcoin. It was about highs and lows, crashes and deceit. Only a few times the actual potential of the block chain was mentioned. Mostly it was about money.
Right now I am starting to feel like this is just a way to make money. Nothing more nothing less. You buy into btc or other coins and in no way are you really supporting the project, besides maybe adding to the order books at the exchanges with some minor effect until whales decided to take over. I sometimes have some sort of dishonest feeling, like the money I make through buying (and seldom) selling is somehow dirty as it comes from people that simply do less research, bail out or simply already had their take.
I started using bitcoin because of the novelty of having a currency without the clutches of a government and i really liked the economic structure that built around it and that too at a very high pace,there is nothing wrong in coming into a financial structure to trade and make money ,if you are into trading you will understand it,you are not purchasing any stocks in the share market because of its novelty or your sympathy towards the owners,you are into it to make money,You can take any sides of the coin.  |
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There is no relevant between the dropping of the price and holiday season,actually the main reason of dropping the price value consecutively due to the correction of the value of the bitcoin in the market,and panic, selling of some investor ,due to banning the cryptocurrency into there country and the implementation of china into there new rules to not pleasing some foreign country ICO platform,because they want to make there own.
There is usually a correction during the holiday season,it is nothing new,but the correction we are facing right now is not because of the holiday season,it is simply because the price has shot up really high in a short period of time and expect the market to settle down after all those rallies we had as you cannot expect every coin to move up all the time and since there was a big rally ,all of the countries around the world are trying to implement rules and regulations and expect the market to move accordingly. |
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Please help me understand in plain English how will we benefit from so many currencies?
It gives us more options for investment and it also avoids problems like hoarding since most of them are limited. It is really good to have more options,but the truth is most of the coins are just plain shit,just a copy past of the open software policy,if you still have any doubt,take the simple case of dogecoin alone,the creator just replace bitcoin with a new name and more number of coins and launched the software and do you know how the entire coin is worth  , so what i am trying to say is,there are more shit coins in the market than having options,just understand those simple things. |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
It is really difficult to take precise take on the future just by the help of technical analysis and charts,the volatility is really high and you never know when the market is going to rise or fall as it is hard to determine the specific factors that rule the market,but one thing that is detrimental in market movement is the news around the globe regarding crypto currency,the market moves according to the news most of the time. |
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Legalization of a crypto currency is not an easy thing to do for any of the government as they are well aware of this fact that all the crypto currencies are decentralized in nature and even if they declare it as legal currency, there will be no control of the government on any of the crypto coin.
It will take some time for the government to realize the need and importance of bitcoin, only then they will take such kind of step.
The main object for the legalization is to control the flow of money going out of the country and to monitor the amount of money earned as capital gains so that they can tax those profits.If a government could control the exchanges running in their countries it is more than enough to control the system,there are other options to trade even with a ban,but the general idea of reaching it to everyone will be a hurdle. |
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Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ??
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Do you think that you will get regulated within ten years of existence and for a subject which is sensitive like finance. This is a new technology and only a few dumb countries banned the use of bitcoin or any other crypto currency altogether. Lets say when internet started booming in the early 90s ,it took a long period of time for any government to come up with some rules and regulations,so expect those kind of delays here too. More over try to understand who Warren Buffet is,he does not have a clue about technology,he is too old to study about all these things. |
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Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?
It is really impossible to say whether the revolution made by crypto currency would make any significant changes in any countries economic or political system or it can any way reduce corruption,how do you think that it can reduce corruption,i really do not understand the logic here,i am hearing this opinion of less corruption with the introduction of digital money,the only way to stop corruption is to stop handing out money as favors when you need something and everyone has to step in,which is impossible. |
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Are there many of you who travel internationally? If you do, obviously you have your laptop as well for many people. But i assume most of you travel with your nano ledger or trezor as well? If so, i assume you don't have to declare you have over 10k on you right since its not a currency but an asset. But also you aren't carrying bitcoin because the nano ledger is basically like your bank card which has money in it? Has anyone been asked about it when flying internationally?
I do not usually travel with my hardware wallet,but i carry my laptop with me all the time and i do have a few coins in my electrum wallet but there is no need for you to inform the authorities that you are holding any digital coins in the first place and when in the future if they ask and if i am going to say no,how on earth are they going to find out,unless i say other wise,so i do not think it will be a big deal and that is the beauty of bitcoin. |
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There are no other ways to start the process of redemption by accepting the fact that you made wrong decision. You need to accept that every once in a while we do poor judgment. It is important; when this thing happens to us we are ready to humble ourselves that we committed mistakes.
If you take the first course of action before investing,then you wont end up in this situation.If you are planning to invest make sure you know everything about the project and the team behind it,having a loss of $2000 depends upon the amount of investment you have made as the crypto currency market is really volatile and if you are holding even one bitcoin, a change of a couple of two thousand dollars can happen when the market goes down. The strategy is different when it comes to each and every coin apart from bitcoin. |
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So here’s something new that happened to me today. I walked inside the BestBuy to ask for one of the 1080Ti GPU and the guy came to me and said, “we’re not allowed to sell any of them until we figure out how to stop crypto currency mining”.
What is up with them and how are they planning to stop this? Anyone else ran into this issue?
It looks really funny,the only possibility is that they do not have the stock and nothing else and it is known that it is really difficult to get some models in the market as they are used in mining and hence he might have said because you were asking for a specific model,the graphic card companies are manufacturing these cards to sell and not to hold back. |
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It seems like this platform is restricted to few countries only. But one thing I am struggling to understand, it may sound little off-topic here.
If this company is providing a commission free trading platform, how they are recovering their operating cost? A platform like this requires a lot of money to stay in operation and also to maintain the security. Am I missing anything? Are Indians allowed to use this platform.
Yes it is really sad to see restrictions and i am not able to access the platform yet. They are providing commission free trading and they will be making with the amount of active customers who are depositing in their site and most of the times you will be holding off the funds for the right opportunity and they might earn interest using those spare amounts and the success happens if there is millions of users and with zero commission you will get a lot of users and they are backed they are backed by major venture capital firms. |
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Yes the transaction fees have come down and i was able to send coins with a mere two thousand satoshi after a very very long time and i am glad to see the changes happening ,i hope this continues like this and i really do not see the complete transformation to segwit ,yet the fees have come down a lot,in the mean time we will once again see the merchants that dropped accepting bitcoin will once again start accepting it ,which is really cool.
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Even if bitcoin experience a huge dump I believe that it can rise and go far maybe a year or forever because bitcoin is the most trending now a days and it is really the number one source of an extra income which is verry important now a days,we cannot deny that we all need bitcoin for us to gain a huge amount of profit.
I am not sure about the price growing all the time,sure it is trending and more people are attracted into this new financial sector.Any form of investment could give you an extra income if you are wise about your investment. I can understand why people are very much looking at how much profit they can make ,just leave the price factor because no one knows how much it can go ,rather than just speculate about it. |
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I can understand the government taxing,i have no complaints about that,because they are just greedy as they always want money from everyone,but imposing twenty to twenty five percent for capital gains is a ridiculously huge amount they are asking,is there any tab up to what amount and how they are going to impose the tax,ten percent for capital gains is fine,but unless you are not a huge trader giving out twenty five percent is ridiculous.
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I liked some of the views shared here . First and foremost everyone knows that bitcoin mining is an expensive procedure and it consumes a lot of energy, not like printing fiat currency , this one point is more than enough to shut down people who complaint about the high price valuation of bitcoin and predicts it will go down to zero. |
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