Bitcoin Forum
May 24, 2024, 09:51:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 [28] 29 30 31 32 33 34 35 36 »
541  Economy / Economics / Re: why is it so hard to buy bitcoin on: November 09, 2017, 12:21:46 PM
Just follow the rules dude. This is just a security measure of your local exchange to prevent or minimize theft, and buying bitcoin from stolen money.
Just like you I did the same. I made a selfie of my self while holding my ID.


I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on.  

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.    Huh
The price is the reason that buying bitcoin is so hard. Otherwise I don’t that there will be any other reason apart from the price. If somebody thinks that there are many more reasons too due to which buying bitcoin became hard, he may be right but to some extent. Because all the people in the world will want to invest in bitcoin because of the high return on investment and also easily usable worldwide.

Correct, since the value is rising now, most of the ordinary bitcoin users facing difficulties to buy it directly. So, like me since its expensive so far I still bought it in the value where I can afford to buy it. Because, I knew it will continuously increase for the upcoming weeks till the end of this year for sure.
Yeah it is hard to buy BTC since the price is sky rocketing that is why it is hard to afford it, but it terms of buying and exchanging all you have to do is go to some reliable treading site because it is a crypto currency it is more easier than changing dollars to your local currency because you should go to local exchanger  physically which is vulnerable to danger of robbery and some criminal activities.
542  Bitcoin / Bitcoin Discussion / Re: Bitcoin Are Now Used in Crimes on: November 09, 2017, 11:46:31 AM

You would be surprised what sort of things can be used as means for exchanging money for facilitation of criminal activity. One example is diamonds. People think diamond are a symbol of love and pureness, but there are powerful people that practically control the industry and have slaves who mine diamonds at the bottom of the system.
Yeah in terms of criminal activities any thing that is valuable can be used to facilitate criminal activities. but crypto curency has and edge in terms of security because it is digital we can develop sophisticated security features that can be traceable in case of there is an anomaly,we shut down validity of the of that currency with suspected anomaly so that it cannot be used to some illegal activities while material things can be stolen with out trace ability.
543  Economy / Economics / Re: Holdings of gold vs Holdings of btc on: November 09, 2017, 11:13:23 AM
i don't know, but i guess for now holding bTC is great way than holding gold.
the price of gold is really long to get higher.
but BTC you guys have known, it is getting to the moon recently.
i just can hope the price will fall soon Cheesy then i can buy some.
it's like it will be impossible the price will be back as last 2 months ago.
everyday is getting higher and higher.
it ever took 100millions $.
i can't close my eyes to watch it.

That's great holding bitcoin nowadays is a good preference and it's gaining good price value everyday as well as being stable of its current value. With gold's current situations I guess it was more surpassed with btc due to its popularity, people around the country were more aggressive to invest with bitcoin rather than gold because of it's popularity rises this year 2017. Well I know there is better future with bitcoin and that's infinite with no walls to stop of it price value to reach for.
Yes Bitcoin is already surpasses the price of gold that is why it is wise enough to hold bitcoin rather than gold but one thing we should considered that what ever happen gold is material thing you can hold it you keep it that is why stable investment, while Bitcoin is only a perception that you have  currency in the cyber space anything happen to the system it will be gone by the win. that's why for investment you should use Bitcoin but for fixed asset you should use gold.
544  Economy / Economics / Re: Can bitcoin improve the economy of a country? on: November 09, 2017, 10:21:16 AM

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Well for me, it actually depends upon the legalization of bitcoin in one country. If it's legal in one country, then yes it can improve that country's economy. However, if it's not legal then it cannot do any good to a country's economy as it is not considered valuable in that country.
yeah its depend on the countries acceptance of bitcoin once it is accepted it will create new investment in a country the economy will improve and gain taxes, when may investors will flood in the country it create new job and that will countries economy.
545  Bitcoin / Bitcoin Discussion / Re: Does any bank accept Bitcoin? on: November 09, 2017, 09:49:57 AM
well, to my knowledge also does not exist. but it would be great if any bank accepted bitcoin as one of the investment tools. well, I'm sure, someday the bank will receive bitcoin.
well I think there will be very many bank profits, if received bitcoin as much as investment tool.
As far as I know there is a bank that will serve as an exchange medium from bitcoin to our local currency here in our country, but I don't know if they will accept if we open a bank account using Bitcoin us currency, the good thing is our Central bank is now recognizing bitcoin as a new form of  monetary innovations in fact they are providing policy to protect Bitcoin currency operator in our country.
546  Economy / Economics / Re: A Resource Based Economy on: November 08, 2017, 03:15:16 PM
To be honest, everyone who wants to make one global system scares the hell out of me. Especially if it's mixed with some algorithms will decide what's the best for you mumbo-jumbo. Go ahead and build your futuristic city, but I will opt-out from living there, sorry dude.

You live in a current global system already, made by people a long time ago. At the moment we have a good technological progress, so why not to try to do something new and discover new things by gettting out from old system to a newer one?
Economy are only controlled by few maybe crypto currency be a paradigm to change how we look at our monetary system which is now very corrupt in nature it might be the time when we can optimized our world resources that would result to even distribution of wealth among human. and would acquire cheaper health services with the development of technology  higher standard of living among all.
547  Economy / Speculation / Re: Is it too late to buy bitcoin? on: November 08, 2017, 02:51:23 PM
Even the blind can see that crypto Currency is making people millionaires all  over the world just because they present the holders of such currency with the financial freedom and opportunity to accrue large amounts of wealth base on currency investment . But my question is that, is it late to buy bitcoin? Should i wait maybe bitcoin price will decline after 1st August meeting? Please i will welcome your advice so that I can make my decision on crypto currency investment.
No. it is never too late to get involved with bitcoin. Bitcoin value will continue to grow as time goes on because new people will be buying bitcoins everyday. The more people are trying to buy bitcoins the more valuable bitcoin is going to be. High bitcoin demand is what is driving the bitcoin price. As you already know new people are buying bitcoins everyday and the demand of bitcoin is higher than the supply. So, the price will continue to get higher everyday, even when there is a correction the value will recover in no time. Smiley

Well if you don't have a lot of money you are nearly late because it will go to 10k in no matter time. People who have some money can buy it when the price is falling down.

So they can buy some bitcoins with it, while the others must invest in altcoins because the price of btc is now really high.
Yes now if you want to buy bitcoins you need to invest a big amount so this is late for you, but in future, the price still increases but to get 100% profit you have to wait for a long time. You can invest in altcoins now the price of all altcoins is now come down use this opportunity.
Yeah if you buy Bitcoin now it is quit expensive and if you wait for an opportunity it will be long waiting time so its better to invest on some altcoins in the the market today which low in price just look for altcoins that has potential grow then if there is an opportunity that you can buy Bitcoin then tahts time to invest BTC.
548  Economy / Speculation / Re: BTC Price drop? on: November 08, 2017, 02:31:26 PM
i think its the effect of posting topics about the price of btc going down, some traders are selling their btc because they are worried of the news about btc price downswing, but i think this is just a plot, a trend to make btc gain momentum in the coming months especially december of this year. somehow there are disadvantages and advantages, that is how the game works you just have to play it wise.
Btc has been up and down, price drops yes possible for the reasons of the hard fork event that it may dump or correction will happen. Users being wise and take the profit for them not to lose money, yet btc price will rise again for sure. This is happening always btc become up and down and we should ride with the train.
Yeah certainly there is a possibility that the price of BTC will drop when there activities that would threaten bitcoin price like hard fork and segwit2X
because investors are very keen observance of the situation and forecasting ability but if think it positively it would be beneficial for the new player to invest because of low price it will open a new opportunities.
549  Economy / Trading Discussion / Re: Between Ether and Bitcoin, which will be on top in 5 years? on: November 08, 2017, 01:44:24 PM
Do you think Ether will catch up? The technology is more advanced, but will scalability of ethereum be an issue?
No I don't think that ethereum is gonna catch up with bitcoin, I know that it have a better technology and also faster time for transfer of funds but that doesn't mean that it can surpass bitcoin that easily, it's the most backed cryptocurrency, and also the first ever cryptocurrency to be made.
And also that bitcoin is also evolving with time with major network implementations and changes to combat the problems that it is facing now.
I agree that ethereum could not cope up with what bitcoin has gone through specially the progress of it value in the market right now. Possibly bitcoin will hit that very high price within five years also with ethereum but still its second to bitcoin, because of the demand still couldn't surpass due to ethereum has to be traded first to bitcoin so it's still depe dent with btc' economy. However if agreed on some exchangers sites in the future maybe there will be an implementation of ethereum to fiat trading, then we can say the possibility is there already.
After 5 years in my opinion bitcoin will still stand on top, due to good movement of bitcoin in the market I never see any reason to surpass by ethereum. Otherwise bitcoin was so in demand to all members and investors so this is  enough reasons to believe to the ability of bitcoin.
Moreover since started, bitcoin was always on top no one can steal this position for the past 6 years.
Yeah your analyses for this matter is somehow correct it would take for several  for ethereum to catch up because Bitcoin is the first ever crypto currency made, for several years Bitcoin is number one in Crypto currency, there is no doubt that the team working with these would probably  surpassed several challenges that go through their way. Although ethereum is faster in term of technology but still a long way to catch up, but hopefully that in the world of crypto currency  the time would come that there is  a pair competition so that there is no monopoly happen, but for now I’ve seen that BTC will still get the dominance of cryto currency world.

550  Economy / Speculation / Re: Sold my Bitcoin today on: November 08, 2017, 01:18:33 PM
Looks like the price of bitcoin is getting decrease and lots of people are starting to dump their bitcoin because the segwit2x will nearly to done..
Since the price of bitcoin is high they are selling bitcoin today and get the benefits of the price today.. because there is possibility that there is panic selling after the fork..
So if you holding bitcoin right now better to sell or wait for the fork to done and sell it and get your fork coins to sell to market..
The possibility that many will sell there bitcoin to take advantage of the price and also due to upcoming segwit2X in the event like this will also likely to create new opportunities because if the price of bitcoin
Will decrease it will give chance for the others who wanted to buy Bitcoin in lower price, because in my speculation this only the time that might Bitcoin would decrease the price and if all this things be done the BTC price will spike again,
551  Economy / Trading Discussion / Re: What is the risk of holding Bitcoin? on: November 08, 2017, 12:58:47 PM
The risk of holding bitcoin is you may get correction in price after the rise say like 20% max apart from that here is no risk at all. Schedule your buying and you should be fine. Bitcoin is still the best currency that ever was!

Many argue that bitcoin, like other currencies, has value only because people perceive it to have value. It is for this reason that many critics view bitcoin's price development. Despite bitcoin's impressive annualized return, the reality is that the currency is still in its infancy and no one knows whether it will really become globally accepted or whether it will eventually disappear.
Yeah holding BTC may have risk involve and you should have to be ready to any eventuality that may arise like the segwit that might cause panic to bitcoin community that they might force to dump their hoarding that would result to price decrease and  lost of trust. But if you should calculate the risk and ask, would you believe that the team working behind these would allow these to happen or if this eventually would happen do you believe that they don’t have contingency measures? In this situation, only those people who knows how to calculate risk will prevail and would prosper.
552  Economy / Economics / Re: Bitcoin or gold? on: November 08, 2017, 12:29:06 PM
Gold is a very interesting element out there, but despite it's appeal, it is very hard for me to consider it money.

Its the same as diamonds, emeralds and rubys, all of them are shiny precious assets, but none of them are money, they are just valuable commodities Smiley

Bitcoin is money.
Bitcoin is now comparable because of its price  they only differ in form gold is a precious material while BTC is precious crypto currency, while gold is glittering lustrous metal in which the value is per unit weight many wanted to own because of its beauty and traditional known for precious jewelries and decoration, and BTC is weightless, virtual  currency which value is measured per unit and continue  pounding in Crypto currency market in which the value is sky rocketing and many wanted to hoard for the future. The unique feature of this currency is you carry it every around the globe without weight and no boundaries.
553  Bitcoin / Bitcoin Discussion / Re: Bitcoin uneven distribution as a global currrency on: November 07, 2017, 02:16:01 PM
I don't think so if these individuals we are talking about are only rivh because of their assets it won't last long as they don't have their own businesses to maintain their wealth and to influence other markets in return. The uneven distribution of Bitcoin is natural for it as it is decentralized and  on its early stage it was easy to buy one at an early stage these people who have bought Bitcoin at a cheaper price on a large quantity are lucky people and will know benefit from it with today's higher price.

I agree, and I think bitcoin had a higher price right now than any other currency and it will keep on increasing as the year goes by, it is up to a certain someone if he would truly go with the flow of the increasing with bitcoin by investing with this they can truly catch up with previous bitcoin investors, and I think business man and the rich people right now are very afraid in doing an investment with bitcoin, they are really doubting the possibility in Cryptocurrency.
As of now BTC is the most popular currency that is why the price is higher, lucky are those who bought earlier he is just doing it in a certain way, but there are also lot other currencies that are considered competitors of BTC that should be considered as an opportunities if-you will buy it while the price is low and hold for while maybe it’s not late for us to earn for the future.
554  Economy / Economics / Re: Regulating Bitcoin on: November 07, 2017, 01:26:23 PM
That would be the last thing that I would want to happen with Bitcoin. Many countries have already given it a shot, the latest of which to join the list is Australia and this only imposes restrictions on the common Bitcoin users in a particular country. If all these nations rally up and determine to regulate cryptocurrency, its going to be a hard road ahead.
Central bank of Philippine has started to fave the away of regulating Bitcoin they are making polices that is accommodating in nature for BTC operators
in the country not to preempt the operation but for security reasons to prevent it to be used for terrorism financing and money laundering activities. I think this is a welcome development for a country like Philippines because this country is exporting workers around the globe and BTC is a big help for their remittances because its economical and fast.        
555  Bitcoin / Legal / Re: Most supportive cryptocurrency countries. on: November 07, 2017, 12:54:37 PM
I do not think it substantially matters if the country you are in is not supportive of Bitcoins unless it is able to shutdown all online Bitcoin transactions. When I say transactions, it necessarily includes buying, selling, trading, mining, money exchanges, campaign signatures, and etc. If the country you are in is powerful and is capable enough to stopping all these forms of money-making businesses through Bitcoins, then KUDOS! Otherwise, most probably than not, it does not substantially matter if the country you are in is supportive of Bitcoins.
cryptocurrency as we all knows that it has no boundary anywhere in the world in any form of business as long as it is recognizes by your counterpart and as long as there is internet, but in our countries they are starting to adopt crypto currency as a mode payment specially in some remittances in which it is more economical fast and reliable.
556  Economy / Economics / Re: Legalizing Bitcoin on: November 07, 2017, 12:32:46 PM
legalizing cryptocurrency in country is a difficult, it depends on users cryptocurrency and bitcoin, "how cryptocurrency users participate in state regulation, and demands legalization, by judicative means.". cryptocurrency legalization statistics is very dynamic, and when you see some effort to start receiving bitcoin, it signifies the global elite has received bitcoin as a means of payment.
Legalizing cryptocurrency is not difficult as far as I am concerned and some countries have already done that. It just has to do with passing some laws which would also regulate it and then activities revolving around bitcoin becomes allowed.

It does not have anything to do with global elites and if they want to get involved eventually by utilizing the currency, then it is the same as any other person who would.
Legal or illegal any type of currency can be used for some unscrupulous activities I remember there is a saying that says that money is the sources of all evil, may opted to do bad things because only few were in control or having big shares of money, I don't even know if there is a  currencies that could help mankind for  being slave from high taxes and government control .
557  Bitcoin / Bitcoin Discussion / Re: How much risk in bitcoin investement ? on: November 07, 2017, 11:45:40 AM
each crypto has a big risk as the speculation is the mainstream in market, but the biggest risk in bitcoin investment for me is that i dont understand bitcoin well that i sell many of my bitcoins and suffer a big loss, if we believe in bitcoin deeply, we all may gain big profits
There is always a risk in every investment specially bitcoin is anonymous in nature but as long as the trust of many investors I would say that to invest in BTC would be safer specially that the price is still soaring, and the team behind this is surely creating safety measures to protect their investors to build a stronger trust.
558  Bitcoin / Bitcoin Discussion / Re: Bitcoin online payments on: November 06, 2017, 01:33:20 PM
We can not predict anything about Youtube or other sites having the indirect monetary platform. However, I am expecting e-commerce industry to adopt Bitcoin much earlier than any other sector. I don't think that it will take anything more than 3 to 5 years from now for the sites like Amazon, E-bay to accept Bitcoin as a payment method. We already have sites that are used to make purchases on e-commerce websites using Bitcoin but that is an indirect route to make purchases.
yeah as of today only few who will accept bitcoin as a direct payment because BTC is volatile in nature we cannot determine the value of BTC because it is not stable in nature. but there is a  indirect method in which it goes to money exchange provider which we determine BTC in terms of dollar before we can pay it online.
559  Economy / Economics / Re: Does this mean Cash will be extinct? on: November 06, 2017, 12:49:22 PM
I can clearly imagine what a world would be without using cash or fiat as the medium of exchange. As what you say that Sweden is planning to faceout fiat, i think it is possible. Other countries will eventually do this if Sweden succeeded. Just think of all the convinient things you can experience with today's technology.
Because we are in the cyber age yeah the possibility is really in the near future the fiat become extinct, young generation seems not comfortable to use cash as the medium of exchange because of the new technology that is readily available to every one and transactions is just a click of the hand.
560  Other / Off-topic / Re: Bitcoin is a good investment now, because... on: November 06, 2017, 12:18:47 PM
Investing in bitcoin is good for future.Because it is stable price. It is price now is high. Who were invest in past.They are rich.
Yeah as par as the bitcoin price  continue rising and the demand and its popularity to soar, this is a good asset and investment because for several years it has been tested with trials but still stand victorious among all crypto currency.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 [28] 29 30 31 32 33 34 35 36 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!