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5561  Bitcoin / Bitcoin Discussion / Re: Bitcoin banned in China. Did it affect the price? on: October 01, 2017, 08:15:05 PM
Well i think it did indirectly affect the price.
The News of Chinese Exchanges closing because of Chinese "Regulations" about Bitcoin Made a Lot people Panic.
This had the small price Drop as result.
But nothing Bitcoin couldn't recover from.
5562  Economy / Speculation / Re: Is it too late to buy bitcoin? on: October 01, 2017, 12:42:42 PM
This depends on your Return you want to get and the time you want to hold onto your BTC's
But in general: No, its not to late to buy Bitcoins and get into Hording Coins Cheesy

Bitcoin will rise and fall.. but in general (if nothing unexpected happens) BTC will rise more and more.
So if you plan to invest for a few years.. then BTC definetly is a good idea and its definetly NOT to late to invest into Bitcoins.
5563  Bitcoin / Bitcoin Discussion / Re: What are the factors that affect the rise and fall of the BTC? on: October 01, 2017, 12:19:56 PM
The 2 real Factors are the Supply and Demand.
Where Demand, of course, varies and is dependend on a lot of stuff.
News are a solid factor regarding price of BTC.
Like the News from China a few weeks ago. This made BTC fall a bit.

Additional Factors would be the security of BTC. If some sites get hacked, people might thing BTC is exploitable.
And depending on who is thinking that the price might drop..
5564  Bitcoin / Bitcoin Discussion / Re: What if another altcoin surpasses BTC in value? on: October 01, 2017, 11:46:12 AM
I would stay with Bitcoins.
But i also would invest in a Coin which is rising rapidly and seems to bypass BTC in the next Weeks/Months
I don't think i would sell all my BTC just to buy more of the "more valuable" coin at that time.
BTC is on the market for a pretty long time.. this gives safety.

This of course is a different thing if BTC drops to the bottom pretty rapidly..
5565  Economy / Economics / Re: [CHART] Bitcoin Inflation vs. Time on: October 01, 2017, 11:15:54 AM
Bitcoin Inflation can't be compared to Inflation from Fiat Currencies.
Comparing this two shows a huge difference, like its the case in this charts.
Fiats don't have Actions against Inflation, where Bitcoin has anti-inflation by design.
5566  Bitcoin / Bitcoin Discussion / Re: What if, we advertise bitcoin on T.V.? on: September 30, 2017, 08:59:56 PM
Ive didn't See any Bitcoin ad in tv either.
But im not sure if and how much this will Change the state of btc in our society currently
But this probably won't happen that much because there is noone pushing this into tv
5567  Bitcoin / Bitcoin Discussion / Re: How do you keep your bitcoins? on: September 30, 2017, 04:34:05 PM
I personally keep the most of my coins on a Hardware Wallet.
Small amounts are spread between different wallets on different devices.
As Long as not stored in an online Wallet.. everything is fine Cheesy
5568  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin really secure? on: September 30, 2017, 04:31:17 PM
Bitcoin is secured by Math
Reading the Bitcoin Paper or even some articles which describe the Blockchain shortly
will help to unterstand how everything works.
Cryptographic functions validate Bitcoin "owner"
5569  Bitcoin / Bitcoin Discussion / Re: How to create a bitcoin wallet ? on: September 29, 2017, 10:46:56 AM
BTC how to create a bitcoin wallet what will be the cost for making a bitcoin wallet and what should be considered as a security measures to maintain security for wallet

Depending on what you mean with "creating".
You can Download Software which manages your coins.
Other posts already Container some Applications.

If you want to Code your own Wallet, you need knowledge in any language, Python as Scripting language works fine. Further you have to Unterstand how the Bitcoin protocol Works.
If you do all by yourself it doesnt cost anything at all.
5570  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money? on: September 29, 2017, 10:25:25 AM
Money is a placeholder.
Noone likes Money because its beautiful Paper with Numbers on it. You can use Money to buy whatever you want. And since you can buy stuff with btc (or Exchange it) it Money for me.
Just a different Kind of money
5571  Other / Off-topic / Re: Bitcoin is not gambling on: September 29, 2017, 10:02:18 AM
Bitcoin is definetly not Gambling.
But the high Risk of "First digital currency" is bring seen as gambling.
BTC does give good profit if you compare this to Rates of 1% Return per year.
Bist it also can Drop that fast.. like "gambling"
5572  Alternate cryptocurrencies / Altcoin Discussion / Re: BITCOIN vs ETH ? Your thoughts? on: September 29, 2017, 09:59:11 AM
It is hard to compare those 2 Coins.
For me BTC has a few significant advantages.
BTC has been the First coin on the Market. IMO BTC has a higher possibility of rising higher and higher.
In Addition to that BTC is accepted at a Big variety of online Shops.
This makes BTC more interesting to me than ETH
5573  Other / Off-topic / Re: Young people should go all in on bitcoin on: September 27, 2017, 08:42:31 PM
Surely bitcoin has made an impact to thousands of people worldwide. People have earned greatly because of it. Many of them took a lot of patience and endurance in terms of investing and trading it in the market. For the young ones it could be also a good avenues for them to start on it and work hard for it as well.
I will not recommend that for youngsters who don’t have any second source of money to invest all on bitcoins rather I will advise them to start investing in small amounts learn to make money through trading and get experience. Then put all of their money in bitcoins to make sensible profits in the market.

Why? It's good to let them get into bitcoin while they are young so that they can understand what bitcoin really is.

And at their age they can understand what bitcoin really is. It's like training them while they are so it's a perfect timing while they are young they should be in bitcoin.

It's up to those youngster if they will depend on bitcoin.

That may be true but young people should spend their money wisely and not just buy as much BTC as they can afford.
They indeed can start understanding the Mechanism of BTC and the Use/Reward of Investing into it.
But they definitely should start with buying small amounts instead of massive Buys.
5574  Bitcoin / Bitcoin Discussion / Re: is this a possible way 'they' could criminalise bitcoin? on: September 27, 2017, 04:58:36 PM
This doesn't make sense to me.
Government can regulate or forbid the use of BTC
But no way to criminalise it that way.
But for now there is not enough Will to forbid BTC. There is just no need for it.

I don't think Governments will completely fire against BTC anytime soon.
5575  Bitcoin / Bitcoin Discussion / Re: If I buy bitcoin from blockchain where does it come from? on: September 27, 2017, 04:44:57 PM
You have to think about Bitcoin like thinking about Gold.
You can only Buy it if someones is willing to sell gold.
And the Blockchain can be seen as a big book with all Transactions in it.

So if you buy a BTC the Blockchain memorizes your Transaction and you get your bought BTC's from a Seller

5576  Alternate cryptocurrencies / Speculation (Altcoins) / Re: is it better to invest in bitcoin or ethereum ? on: September 27, 2017, 03:31:40 PM
A lot of people choosing Ethereium here.
I'd rather stay with Bitcoin than with Ethereium

But that depends on how long you plan to invest.
Bitcoin, for me, is the safest Coin to invest into.
5577  Bitcoin / Bitcoin Discussion / Re: can bitcoin wallet be hacked by hackers? on: September 27, 2017, 01:14:54 PM
Well you have to distinguish.. Wallet Software definitely can be "hacked".
But the Wallet (List of Private Keys) can not be hacked.
The Bitcoin System itself is secured against Attacks.
The Problem is the big variety of attacks between corresponding Interfaces (e.g. Communication with Server / Software used to manage Private Keys)
5578  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be replaced by another cryptocurrency? on: September 27, 2017, 09:21:17 AM
It might be possible that BTC will be "replaced" by a new cryptocurrency which will be spread and rolled Out by Big companies in the Future.
But i don't think BTC will be replaced by a - now existing - cryptocurrency
5579  Economy / Economics / Re: Bitcoin can not replace fiat on: September 26, 2017, 08:21:54 PM
I don't think Bitcoin has to replace Fiat.
Bitcoin is a new Currency.. an alternative Currency.
I'd love to see Bitcoin being adopted widely and being used to buy everydays Stuff.

No need to completely use BTC's instead of Fiat.. but being able to choose is the Goal of BTC, it should reach someday.
5580  Economy / Marketplace / Re: how earn btc from online??? on: September 26, 2017, 08:07:08 PM
Yes, now there are so many ways to earn bitcoin online. Freelance will give you the first profit you can use for trading. The Internet gives us thousands of earning opportunities

Bitcoin should finally be thought of as an Currency.
Sometimes its more lucrative to work online for $ and then convert them into BTC's
But even this kind of online work mostly won't earn you as much as working outside of the Internet.
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