This is what happening to bitcoin!
Well even the hype and the crash are both a reality to bitcoin. Since bitcoin is a market based cryptocurrency it will be normal for bitcoin to increase and decrease its value. This is bitcoins reality and that is called volatility. This is applicable to all cryptocurrency and not only to bitcoin. To sum up the hype and the crash is bitcoins nature, it is the reality of bitcoin. |
|
|
|
Another huge issue was spreading fast especially in South Korea when the CEO of one of the largest Korean Crypto Exchange have been arrested by the authorities due to embezzlement and fraud. 4 executives were already detained including the CEO. The name of that exchange is Coinnest's and the executives were accused of transferring a billion won to their account. https://news.bitcoin.com/ceo-of-korean-exchange-coinnest-among-four-arrested-for-fraud/ |
|
|
|
|
Before bitcoin could be use a a form or a medium of exchange in exchange of goods and services online the community must work step by step towards that goal. Though we are still far from bitcoin replacing the fiat money but right now the numbers of small merchants who accepts bitcoin is increasing. Big establishments are also one by one joining the fray by accepting bitcoins such as the food franchise giant namely KFC.
|
|
|
|
I love bitcoin because it has totally changed my life. Once when I was suffering in financial problem. Then I know about bitcoin. When I started to trading in bitcoin. Slowly but my financial problem solved. That's why I love it for changing my life.
You are absolutely right bitcoin is the life changers and for some bitcoin is the life maker but it is all about our mentality that how we deal with our bitcoin, if we will hold our bitcoin with faith and will invest on right time then bitcoin has the potential to give us enough profit to spend our whole life with fun and can give us all the luxuries that we are right now dreaming to have, so I love bitcoin because I am able to educate and feel my children well with bitcoin income because my income from regular job was not sufficient for it. Bitcoin is really a lifesaver, just like you I was once drowning in debt until I discovered bitcoin. I tried collecting bitcoins from faucet and do some affiliate marketing and in the end I discover signature campaign and I met people online who hired me to be a website moderator. Right now my income online is three-fold than my salary offline. Bitcoin is really the best. |
|
|
|
|
I keep on telling my friends and family members to buy bitcoin. But before they will invest and place their money on bitcoin I will also remind them that there are such risk involve in bitcoin due to volatility. Before I will allow them to invest I will make sure that they are ready to face the risk. They said yes and so they are already investing on bitcoin since last year and some of them suffer from the price deflation but none of them complained since they are all well-informed.
|
|
|
|
Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?
That is a misunderstanding of fatwa. Also there is something wrong with your interpretation of gambling and investment. If we talk about uncertainty then would you mean that muslims cannot do business since business are all uncertain since it could earn a lot or it will shutdown due to low sales. When you establish a business you are risking your capital for a potential profit from sales, that is the same with bitcoin when you place your money into bitcoin you are hoping that you will gain profit. Thus bitcoin is not forbidden for muslims. |
|
|
|
when bitcoin prices are drops, I think we better talk more about the positive value of bitcoin. do not think about the value of bitcoin today, because thinking about it will only make us panic and confused. enough G20 make us calm.
So, now. we are talking about the benefits of bitcoin if bitcoin managed well.
what do you think if bitcoin is managed well by a country?
If we are so focused on looking at the present then what we get is panic and price dropping off. But we must look at bitcoin at a long term. Bitcoin maybe down for months but it will go up in year. Have we not learned from its growth since 2009. Remember 2013 crash bitcoin was down and yet is managed to climb back again. Time is all we need and patience is our tool. |
|
|
|
Everyone around me says, " sell all your tokens before bitcoin dies." Please tell me how to do?
Bitcoin could go up any minute but it can also go down any minute. So, if you decide to buy bitcoins today then that is a good decision because if bitcoin will increase in value then you will earn profit. If it goes down then you just need to wait for some time until it reach up high. You can buy now and if the price drops again then buy again, remember that higher risks gains higher rewards. |
|
|
|
Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
Countries are trying to make their own cryptocurrency, a currency which is centralized but at the same time transparent. While others are trying to save themselves from monetary deflation and they thought that it is one way to do that. Others such as Venezuela it is one way of getting away from the US dollars. There are many reasons but one thing is for sure it is controlled by the government at the same time it is transparent. |
|
|
|
|
Is MT. Gox really responsible for dumping a huge amount of coins. As far as I know, I have heard that somebody deposited 10k btc into bitfinex it is alarming since we do not know what are the plan of the one who deposited a huge amount of btc. Hope that it was not bitfinex. Even if it is not bitfinex and they will dump those 10k bitcoins then surely we will see bitcoin at 2k$ and then it is time to buy bitcoins at a lower value.
|
|
|
|
RBI ban Bitcoin?
That is true and there are already articles published online about that sad news. The banks are no longer allowing citizens of India to buy bitcoins. The reason is absurd and we do not know if later they will shift their decision like China does. But as long as the people supports bitcoin then bitcoin will still be strong in India amidst these issues. But we cannot deny that there will be a major effect and a decrease of bitcoin holders when this happens. |
|
|
|
Many Muslim will come of the view and worried about this question . please give suggestions
This is a very funny question. Bitcoin cannot be a HALAL because this word can only be applied to muslim cuisine. When we say HALAL it refers to a special way of preparing meat as prescribed by Muslim law. If bitcoin is a kind of meat then it could be prepared in a way so it can be called HALAL but this is cryptocurrency that we are talking thus bitcoin cannot be HALAL but muslims can use bitcoin without worries and without violating any Islamic Laws. |
|
|
|
The Australian financial intelligence agency, AUSTRAC has published the new set of anti-money laundering and counter-terrorism financing rules for the Australia crypto exchanges that get into effect from today. The agency has given six months for operators to register or get penalized or criminally charged if failed to comply.
AUSTRAC’s AML/CTF rules for Australia crypto exchanges
Australia has just provided a new set of rules for digital currency exchanges to follow. These rules are basically aimed towards Anti-money laundering and terrorism financing (AML/CTF). AUSTRAC, the financial intelligence agency of the country just published these rules on its official website that provides the crypto exchange platforms enough time to ensure their compliance with these regulations.
This step taken by the Australian Government is a wise choice. If bitcoin will still be used by money launderers, terrorist and criminals bitcoin will have a negative connotation and will be called a criminals money. With those rules being set to bitcoin and cryptocurrency exchanges , the coins and tokens in the crypto industry will be cleansed from its negative reputation. This is a good sign that Australia accepts and is willing to use cryptocurrency in their country. |
|
|
|
This is a recent news coming that Reserve bank of India (central bank) bans regulated entities from dealing in virtual currencies. I don't think this is anything surprising but still, I want to alert everyone not to lose faith. * Bitcoin: Your bank will not allow you to buy bitcoins anymore. Please don't get panic, be your own bank! Have patience. Even if banks will not allow the citizens to buy bitcoin but in India they cannot control the people to buy it. People nowadays are wise and does not follow directly what is placed in front of them but instead they use their minds and do the right thing to do. Banks may against cryptocurrency but as long as the people does not lose passion then cryptocurrency will still survive in India. |
|
|
|
Apparently, this guy's been away for a while but he'll be holding an AMA on Reddit. Early Bitcoin dev, even had contact with Satoshi. Was the source of some new Satoshi correspondence shared in this forum sometime last year. One of the first big blockers, he's turned his back on Bitcoin but might be interesting to see what he's been up to. Plenty of fans still, judging from the responses. https://www.reddit.com/r/btc/comments/89k4gh/mike_hearn_will_be_returning_briefly_to_rbtc_for/This is really a good time for Mike Hearn, a pioneer developer of bitcoin, to emerge and answer querries and questions with regards to bitcoin. Bitcoin nowadays is faced with great trials and the community really need some very important people in bitcoin to show up and calm the hearts of the users. If this will occur the encounter with Hearn will possibly boost bitcoin economy once again. |
|
|
|
Yes, China is a stupid country.
They first banned ICO and crypto-currency markets, so if they could tax them in the future, they would be able to reopen the exchange.
China is not a stupid country. They banned cryptocurrency and ICO's due to uncontrolled situations. The case of Money Laundering through cryptocurrency became rampant and many have been victims of hoax ICO's. China did not hate cryptocurrency nor the ICO's rather they thought that they are not yet ready and so they stop all operations and start doing some study. Possibly their study is already finished and they will soon lay out the rules and regulations that ICO's need to comply before it will be allowed. |
|
|
|
|
Bitcoin is really decentralized and this decentralization have been also a problem when bitcoin encounters a technical difficulty. In all manners, before any changes in the code or protocol a consensus must be made and that is problematic due to different views and ideas.
Bitcoin is really decentralized but what you are referring to is not on bitcoin itself but on the monopoly on mining. Therefore we can say that bitcoin is definitely decentralized but its mining is monopolized by some few.
|
|
|
|
|
Bitcoin is starting to recover but the price going up is still not yet here. If we look at the flow of bitcoins price we can see that there is a possibility for bitcoin to go down before it would rise up again. The good thing is that by the end of the year we can expect a good news with the value of bitcoin rising back to its former glory. So it is not time to be gloomy but to buy more bitcoins at another dip.
|
|
|
|
I have been reading Mark Karpeles statements and eventually I agree with his statements. I guess he has no longer in control with what is happening at MT. Gox since there are laws thats need to be followed. Also, Mark is a very interesting man since even though there are many people who hate him, he courageously appeared and answering questions of people. |
|
|
|
I know that it is not legal to advertise Cryptocurrency businesses and ICOs on google annd Facebook
I have a question--- Is it also not legal to advertise Cryptocurency exchanges ?
I dont think it is illegal to advertise Cryptocurrency businesses and ICO's on google and facebook. Though google and facebook made a move to banned them but it does not mean it is illegal. Also on your second question, is it not legal to advertise exchanges: advertising the exchanges is pretty legal but as I have said it will be banned by google and Facebook. The banning is not a question of legal or illegal but a question of " is it s cryptocurrency related advertisement or not". If it is a cryptocurrency related ad then it will be banned by facebook and google. |
|
|
|
|
Show Posts
