Banks will upgrade their procedures according to the current trends to sustain. Now itself if we compare ten years back there is huge difference in the systems according to the technology. The biggest challenge for Banks are cryptocurrency which directly and indirectly affecting their revenue they taking from their customers.
It's true. The biggest challenge for banks are cryptocurrency for the reason if people start investing in Bitcoins, banks would starv for funds needed for lending and operation. It may be a challenge to banks in the future but you must consider that compared to the whole population who uses banks, people who generally use bitcoin are only like 1-2% of the total population. Banks will not see bitcoin as a threat right now due to the absence of knowledge and internet connection to those people. They will still cater to the general public, thus their revenue would not deteriorate anytime soon. The number of people who uses banks vis-a-vis investors on cryptocurrencies are so large that the difference cannot encompass it. |
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Should I expect dump before another fork and put my money from crypto to USDT or shall I put everything to BTC ?
Well I am not expecting any dump after the fork because i think this would be same as the last fork in august. BTW to keep your expectations low in this business is a pretty nice idea because you wouldn't get hurt that much if the price drops. As far i have observed BTC is much reliable investment now so why bother? Better is to keep your calm and hold your BTC, the price will rise again if it falls after the fork. i am also not expecting any dumb for some time. because people are still too much interested to invest money in bitcoin, and therefore we can expect that the p;rice of bitcoin will continue increasing for next few months, In fact the bearish trend of bitcoin is already over therefore we can only expect a bullish trend for few months. Though no one can really determine the actual price of bitcoins, we must always consider the existence of "forks" that may happen. On your question, the fork might likely decrease the price of bitcoins, but it may soon regain its value sooner than we speculate. Generally, investors are taking advantage of these forks because this give them the perfect opportunity to invest into bitcoins, thus not actually affecting the price of bitcoins that much. It depends on the risk that you want to take but personally, buy bitcoins after the fork and invest half of it. |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
The decision really boils down to the preference of the individual when it comes to his/her profit and investments. If one speculates that his/her investment would benefit in the future, then withdrawing it at an early stage is unlikely. But when the individual sees his/her investments only for the short-term perspective, then that would benefit them. Do remember that people generally invest into bitcoin hoping that they would yield profit in the long-run. But in the event that an opportunity like this one arises, then the obvious choice would be to cash out it. |
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Since the introduction of bitcoin in 2009, security expert have raise a lot of concerns about how criminals are attracted to the crypto currency. Your candid opinion on why do you think bitcoin is a prefect currency for the bad guys?
Basically because of its ability to be paperless which means that it leaves no trace and that it leaves no evidence if it would be used in shady transactions. ALSl ot can be done almost virtually anywhere wherein this gives a lot of people the capability to bot even meet face to face and do trades anonymously. Not to mention, bitcoin's nature being decentralized makes it the perfect medium under the dark web for illegal transactions due to the anonymity it provides. No government agency, entity, or individual can ever control bitcoin, and not to mention its virtual nature adds up to the convenience of abusers in using bitcoin. There are also no laws that prohibit or limit the usage of bitcoin. Due to these factors, some countries ban the usage of it fearing that it would contribute to the problems regarding criminal activities and drugs. |
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I beg to disagree. Like fiat money, it holds no value since it's only a piece of printed paper. What realized its value is that, the government sees and accepts it as the main currency circulating the country, thus giving it value. Paper momey can be no different from a piece of wood if everyone accepts and sees it as the main medium of exchange. For bitcoins, what makes it very valuable is it's decentralized and volatile nature, making it the perfect instrument for investing. It holds a significant amount of mometary value when converted to fiat and even the government of other countries see it as a threat.
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Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar. Soon we will see more ways people can squeeze the most out of bitcoins. Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.
These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet. Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage. Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening. Actually, the US has already cases on this matter.
Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.
Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.
I mean, what's new? Given the fact that bitcoin's nature being decentralized, it is without a doubt, the perfect opportunity for individuals to illegaly transact under the dark web since they know that it'll be hard for government agencies to track them down. Another thing, abusers will always find a way to purchase illegal drugs even without bitcoin's existence, it just happened that bitcoin is the pefect medium for their transactions. This is primarily the reason on why some countries ban the usage of bitcoins in order to at least lessen their drug probelm. |
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Both. I want it to be fun and profit but when I'm in the middle of the game where I gain some enough profit, I become very serious towards the game and feel very tense.
That means you are having fun in gambling and that amount you bet is just enough to create some thrill, but be careful with that feelings of yours as you might be upset when you loss control. It's money that we are risking to play so always be discipline to bet what you are suppose to, that way you'll enjoy and be safe. The user might be having fun at present and in a short while experiencing small winning and get profited, automatically user will be agonizing to profit big. The mentality changes from having fun towards making money, which in a short might collapse the gambling strategies of the users. The first most reason which compel people to play gambling is for making money, the other reason can be that people like to take the risk, and gambling is totally a game or risk where we put our money in risk. Although there may be some people who also play gambling for fun and enjoyment, but still their number will be very limited, because i cannot find such a person in my life time who play gambling for fun only. The word "fun" is a relative term, meaning each individual have their own standards and definition regarding it. For gamblers, most of them gamble because earning money is fun. I have never heard of a gambler who enjoys gambling despite losing money. The problem with the society is that, they see gambling as an escape route to their problems, which in fact only worsens it. People need to understand that there is no easy way of earning money without risking too much of your money and luck. At the end of the day, the one who works the hardest will always triumph as the victor. |
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Should we start a petition to these people?
Imagine the possibility! I think Lyft will respond faster!
If that will be the case it is extremely beneficial to the commuters who will avail of their services. Aside from efficiency the drivers cannot make ask for extra pay because everything will be recorded in the transaction and the clients can use that as evidence against them. Hope this will be implemented this will be a good start for bitcoin and the transportation groups. Any product or services that accept bitcoin as payment is by means beneficial since it increases the reputation of bitcoins to the general public. In this case, the more retailers accept it as a payment, more people would realize and start to invest into bitcoin, thus attracting new investors daily. If in the event that bitcoin were to be used by at least most of the population, then each country's government would consider improving the system. Soon, the bitcoin era would focus on providing opportunities to everyone and may be part of a solution in alleviating poverty. |
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Fortunately, my country contains a commonly-used wallet among all Filipinos and is trusted by everyone who has knowledge about bitcoin. If your country does not have any, then saving your bitcoins to a hardware or to the blockchain like everyone suggested. Be reminded that since almost all of our wallets are on the internet, it may be subject to hacking and scamming. It is always better to have at least 2-3 wallets and spreading all resources in order to reduce the risk of losing all.
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Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎
What you guyz think
Newbie
Bitcoin is not itself illegal, but what makes it prohibited from other countries is its composition being decentralized. Due to this, people are taking advantage of it by using it as the main medium of exchange under the dark web for illegal transactions. There are quite a number of countries who ban the usage of bitcoin because there were reported to be numerous cases of it on their country. The bad part is that, this creates a stigma on the reputation of bitcoin, thus decreasing the chances of attracting new investors and users thinking that bitcoin is illegal. |
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You must take security precautions! Hold your coins in multiple wallets its is best solution.
Blockchain,Multibit..
Also one good amount will be good to be stored in cold wallet!
Always use good strong password and change it periodically!
Yeah this is a great suggestions, always use good and strong password and change it periodically because this is very important since bitcoin is very valuable to us. Personally, I think that having two wallets in securing your bitcoins is the ideal number of wallets since you might get confused in the long-run especially when it comes to transactions and storing. Also, you must store your bitcoins into wallets that are known world-wide to avoid the risks of losing all of your money. Personally, I am very fortunate to have a wallet that is accepted in my country, and is seen as the commonly-used wallet almost by everybody who knows bitcoin in the country (coins.ph). |
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Hi guys,
Just curious.
I bought a little bit a few months ago, for the first time, for the sole reason that I want to invest in Bitcoins, and get a profit after 5 years, maybe 10 years.
So I would not need to check the price everyday, as it is of no use for me. But I do, can't help it!
I am not the only one I guess.
You need to check it everyday so that you know is the price up or down. Check it so that you know if is time to sell or buy again bitcoin. Very important if you have a blockfolio for you to easy to see how much the bitcoin price. Precisely, by checking the prices everyday would give you the idea behind your investments (if any) if they are yielding profit or not. But it also depends on the individual's goal behind his/her investment whether for short or long-term. Generally, people who invest into bitcoins for long-term profit check the price of bitcoin not as much compared to people for short-term investments. Lastly, by checking the prices everyday would give you the latest news and updates about incoming forks or unexpected news (i.e. China's banning of ICOs) which may affect the price in a dramatic way. |
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Yes obvious price matter,
There are factor which attracts the investors one of factor is price of the particular.
For eg. when bitcoin was made price was about 0.004 USd/ btc, few of the people were interested to invested at that time, but after some time bitcoin price increased
than investors shown interest. Yes price matter.
Yes of course ,the price of bitcoin is reason for many are investing in a bitcoin.If the price reduce below 3000$ means,many investor will stop to inverse their money in bitcoin.So the price maters for the investing on any source including the bitcoin.But try to buy the bitcoin ,when the price is low not high. Price of bitcoins matter but it also depends on the goal of each investors. I have to disagree with your statement that less people would invest if its price would be below $3000. Due to bitcoin's volatile and decentralized nature, it is impossible to predict its final value in the upcoming days. Investors are taking advantage of its nature since they speculate that once its price decreases, then that will be the opportunity for them to invest. Of course, there are always some external factors to consider when predicting its value but the fact remains the same that once its price decreases, expect MORE investors to spend their money. |
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My journey started on Sep 21, from Boston to NYC, flight to Egypt then Turkey, back to Boston! Carrying $100 just in case and 3 bitcoins in my wallet! Fuck If I will ever carry credit card, or cash any more: 1- I used Localbitcoins for cash! Search for best local currency rate! 2- How much I save from credit card fees and Fiat exchanges: $305.
3- Is it save to deal with Localbitcoins in person overseas? Yes, so amazing nice guys, you are making friends  You should try it! & $100 stayed with me! and I spent less than 1.9 btc in both countries!!! from your story i have an idea to make a travel agent that will make a traveling package to country that accept bitcoin, so people just bring their bitcoin and traveling That the wonderful kind of idea travel agency that accept bitcoin, believe me the one who will take initiative to this sort of business more likely he will progress in days and his company will be known as multinational and also attracts international users to it so take initiative and earn as much as you can and they earn profit, set a trend get the followers the will do same. The good thing about here was, the maximization of bitcoins truly support him in terms of answering his financial expenses. Almost some countries now are beginning to accept bitcoin as a medium of payment for their services. Your trip is a living example on how an individual can survive and sustain himself when using only bitcoins, and it also saved you from converting it to btc-fiat due to the acceptance of these retailers. Maybe this would encourage some retailers from other countries as well to start accepting bitcoin as payment in order to spread its influence more. |
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Already tried your services Atriz, and I am willing to participate again! Username: qwertyup23 Rank: Full Member Post Count: 408 Profile URL: https://bitcointalk.org/index.php?action=profile;u=1022860;sa=summaryBTC Address: 3BMD1MTeBBm1cJDfYYrMWKxt7YZHtHcwL3 Should I get accepted in the campaign or not, please message or notify me sir Atriz! Thank you very much! |
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Universities are embracing accepting bitcoin for tuition, with Lucerne University of Applied Sciences and Arts in Switzerland the latest school to adopt. If anything, it's another clear sign the cryptocurrency is here to stay. https://futurism.com/schools-accepting-bitcoin-tuition/Even so... Bitcoin has been used to buy homes, and countries like Venezuela and Vietnam are beginning to truly embrace the currency. Now, certain universities are adopting the payment method of bitcoin for tuition, albeit with a few caveats. Wow! Its that a great and good news to us, because its the beggining of being wide or recignizable of bitcoin before the bitcoin is used for online market / black market only but now wr can buy house, some food(like pizza) and cars by using bitcoin and now even in the school for tuition fee. Its really a good idea becaese there's no need to be rush or hassle in the money that you hold. Not only it's a great news but this opens the option for college students to pay for their own tuition fee. I know a lot of my friends who maximize the usage of bitcoin by joining campaign signatures, investing, and also by trading services. This supports them in a way that, the process is less hassle for them because it saves extra cash by eliminating the need to convert their coins to fiat (some services require a transaction fee). |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
I answerd in a "good way" but there are always external factors that influence the future of bitcoin. I based my answer from the price history due to the constant increase of its price from these past two months, but no one really knows what the future of bitcoin may bring. There are too many considerations needed to consider when asking the question about its future, especially bitcoin's value is very sensitive and volatile and may change due to little movement from the external factors. No one really knows when another country will make the same move as China (banning of ICOs), but as far as I know, Japan has agreed to increase its capabilities and accept it as a payment. I see good movement and liquidity currently, but always consider that it will inevitably fall in the far future. |
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I think some of the country considered that online gambling is a way to earn bitcoin and that the reason they play bitcoin online gambling. That's why bitcoin gambling so successful in the world.
No, they don't think it's a way to earn bitcoin for their citizens. There's no even country that support bitcoin gambling and has a license to the government because it's prohibited. The gov't doesn't only recognize bitcoin as a currency as of now that's why many gamblers are shifting to bitcoin and instead of visiting a casino they would love to stay at home and gamble all day long tax free. This is actually true. In my country, my friend interviewed the lawyer at our Central Bank (BSP) regarding the status of bitcoin and they said that they see bitcoin as property, therefore not subject to legal tender (in payment for debts, etc.). This is also mostly true to most countries since no government agency supports gambling and online gambling, as it is hazardous to the society. To answer your question, gambling in general as a business is very successful due to its nature, being a risk to both the owner and the users. Most gamblers keep coming back to casinos thinking that they will gain profit in-payment for their debts or for entertainment purposes. This results to an endless cycle of users who continuously participate, thus making the industry very profitable. |
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Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
The price dropped significantly after 1-3 weeks of China's banning of ICOs. This move resulted to a decrease on the miners and investors (as China contains the most number of miners), resulting to a decrease from $4400 to $3200. Many people took it as an opportunity to invest since it is inevitable for its price to increase on the future, which actually came true. But do remember that one country cannot erase bitcoin's existence even though they may be considered as one of the major trading platforms around the world. |
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China government's ban on cryptocurrency exchanges is representing a plain threat to bitcoin.
Since a large amount of hash power provided by miners arrives from china and such regulation would reduce hash power.
What will happen to bitcoin if china shuts all sources of cryptocurrencies, we see people fall under pressure and start selling bitcoins but this act can't kill bitcoin anyways.
I agree with you. but there is always a way though the authority of China has blocked the internet network. depending on one's technique. I think they will take steps to always open access Given the facts that you stated, it is certainly a major threat to the price of bitcoins and should that happen, expect prices to decrease on a dramatic scale depending on the damage. Despite China being one of the major influencers of bitcoin due to the sheer volume of miners, one country alone cannot erase bitcoin's existence because there are a lot of countries who continuously support its utilization and maximization. Lastly, should China shut their all physical connections to the world, then bitcoin would be the least that I would think of due to the country being the top exporters of products around the world. This would lead to chaos in the market and as well as to the economy. |
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