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581  Economy / Economics / Re: Prices will some day fluctuate less? on: May 04, 2018, 04:56:14 AM
Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
Bitcoin with only a low cost can be relatively stable. At such a cost as it is now, it can not be stable. Moreover, in the future, when it rises even more in price, its volatility will only increase. This is because the price of bitcoin is formed solely on the basis of the supply-demand ratio, which will never be permanent. At large price values ​​of bitcoin, the amplitude of its oscillations allows bitcoin to be much larger. And it is the greater volatility that may lead to bitcoin to its devaluation in the future.
582  Economy / Economics / Re: Prices will some day fluctuate less? on: May 03, 2018, 05:56:20 AM
Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
Decentralized crypto currency, which is not regulated in any way to stabilize its rate, will have constantly high volatility. Its price is formed solely on the basis of the ratio of supply and demand, and they are highly volatile. Moreover, if the price of the crypto currency increases, the amplitude of its fluctuations will increase accordingly, because the scope of this possible range will expand.
Therefore, for crypto currency in general, it is better to have a not very high cost, with an increase in its value, the risk of its depreciation will also increase.
583  Economy / Economics / Re: Will governments create their own cryptocurrency that will replace fiat? on: May 03, 2018, 05:40:53 AM
In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar,  etc.?

If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
No, this will not happen. Governments of different countries will create and create their own centralized crypto currency, but it will not replace cash or non-cash money. Crypto currency has great volatility and can not be used therefore as the main money in the state. If the centralized crypto currency is adjusted so that volatility almost disappears, then, in principle, this is possible. And then, with a number of additional conditions. Not everyone will have the opportunity to constantly have with them sophisticated technical means to buy some goods of small value in the store. All this is very difficult. Of course, financial relations will constantly change and improve.
584  Economy / Economics / Re: Can it be possible for the whole wide world use a single currency? on: May 03, 2018, 05:01:36 AM
No currency issued by a country can be single currency to me but bitcoin fits that though countries still use their currencies, bitcoin is used by everyone.
Tell me, how to plan the economy of the country in bitcoin? The rate of bitcoin changes constantly and that takes off in price more than twice, then falls by 70 percent. The prices for the goods in general will then not even have approximate constant values. You need to tie them to anything more stable in their value. And how will enterprises and various trade organizations report to the tax authorities? The price of the goods has changed constantly. But in general, how can you use money that will not depend on the development of the economy of this country at all?
Therefore, the crypto currency can only go as an additional to the basic ordinary money, and no more.
585  Economy / Economics / Re: A Trump + Merkel ban would mean nothing on: May 02, 2018, 06:17:14 PM
If the USA and EEUU (that's basically Merkel at this point) decided to ban Bitcoin, and I mean a full frontal ban, including any trading and possession of Bitcoin, it wouldn't still mean nothing in the long term.

Can these guys increase the total 21 million limit supply? no? exactly, and that is their number 1 weapon, inflation. They can ban all day long, and it wouldn't have an impact on the long term prospects of Bitcoin. It will only serve as a way to weed out weak hands that didn't deserve to hold Bitcoin in the first place. And the ironic thing is, they themselves will buy the dip, and a couple of years later when they have amassed an huge amount at cheap prices, they will legalize it again, making all the noobs FOMO back in.

Governments CAN'T kill Bitcoin, and they CAN'T kill the reasons it is desired. Get this straight and drop the FUD.
In the US and Germany, bitcoins can no longer be banned today. I think that false information is intentionally launched, but it is not clear with what purpose. In the US, the regulation of the crypto currency is harsh, but it has been taken for a long-term perspective as working papers. In Germany, the most friendly to the crypto-currencies are now generally accepted. There, bitcoin is already recognized as a legal tender and transactions with it are exempt from tax. Therefore, in these countries there is no point in making absolutely opposite decisions.
586  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin too complicated for ordinary folks? on: May 02, 2018, 05:27:24 PM
I wouldn't say it is too complicated for the average folk but I will say the conversation has been distorted as of late as to what is important and that can be harmful for bitcoin's growth long term. Us here we recognize the technology is great but it would take hours upon hours to explain that to the average person. We just need to redirect the conversation back towards blockchain and bitcoin because those technologies are what is really important here.
Even if you explain to an average person about the crypto currency and its technology blockchein for several hours, it is unlikely that he will understand everything, but if he understands, he will agree with your opinion on the advantages of crypto currency. I think that people will massively use the crypto currency only if the states will recognize it as a means of payment. Crypto currency is so unlike all existing types of money that one understanding of its technology is not enough. This requires the support of such an authoritative body as the state.
587  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty Campaign is so Tiring so as Merit on: May 01, 2018, 06:58:14 AM
Campaigns of generosity ICO, of course, tire. They take a lot of time and effort from us. However, all this is rewarded sometimes with decent tokens in value and this gives more strength and energy for further participation in signature campaigns. There is even the excitement of finding a good ICO project. I do not know, but I've rarely come across scammers. Payment of tokens is sometimes delayed up to four, even six months. Sometimes this is even good, because by that time the token can significantly rise in price.
As for the merit system, this idea was generally good, but in practice it turned into its opposite.
588  Economy / Economics / Re: Bitcoin plays a vital role in the economy on: May 01, 2018, 06:25:07 AM
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
Do not teshte yourself with these thoughts. For the state, crypto currency is more of a headache than a useful thing. The state can use blockchein technology to safely store large databases and use some of its functions. However, the uncontrolled process of the circulation of the crypto currency and the possibility of uncontrolled withdrawal of funds outside the state, difficult control to collect the tax, a great investment risk brings and will bring great problems to each state.
Crypto currency gives freedom of financial relations and many opportunities only for citizens.
589  Bitcoin / Legal / Re: Criminals and Bitcoin on: May 01, 2018, 06:07:12 AM
I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes)  and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
First, according to the study, bitcoin is used only as little as ten percent for any illegal purposes precisely because it is not completely anonymous. To commit crimes, a coin like monero is used, which by the level of anonymity far exceeds bitcoin. Using the public address of the desired bitcoin purse and the contents of this purse, that is, what coins are there and how much, and also having the opportunity to trace all the transactions of this purse, law enforcement agencies can go to the exchange or exchanger, where the owner of this purse, performing operations with the crypto currency, identified itself. Thus, it will be installed. At the request of law enforcement agencies, exchanges and exchangers will be required to provide an opportunity to take pictures of these financial transactions, as well as provide other data that will serve as evidence for the court.
590  Economy / Economics / Re: will the worlds society now be flooded eternaly with icos? on: April 30, 2018, 06:19:04 AM
will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?

regards
No matter how you call it, there is a natural process of developing the crypto currency. While the market will be massively replenished with new tokens and their number will grow, at the same time a decent portion of tokens and coins will forever leave the market. I think that this is quite normal. In addition, many states will issue their own centralized digital crypto currency following the example of Venezuela. Some will provide it with something, some do not. Crypto currency must go through this stage, without it, it can not develop further.
591  Economy / Speculation / Re: Bitcoin price stabilizes? on: April 30, 2018, 06:01:04 AM
In the last two weeks we can see that the price of bitcoin has slowly started to rise and it can already be said that the crypto-currency market has stabilized. Also began to rise in price and altkoyiny. People, of course, expect him to grow rapidly, but it is unlikely that bitcoin is ready for this. I think to completely recover from the recent fall, it will continue to grow for a while, smoothly, as it is now. Well, what will happen next, while it is difficult to say. Everything will depend on bitcoin movements and incoming news. This year we expect a massive legalization of the crypto currency in some countries and there will be unpredictable events.
592  Economy / Economics / Re: Is bitcoin helpful to the economy? on: April 30, 2018, 05:41:30 AM
The first year of recognition of bitcoin as a means of payment in Japan and the establishment of income taxes from the crypto currency showed that due to the introduction of the crypto currency, the country's gross national income increased by 0.3 percent. This is not a very large figure, but this is only the beginning. In addition, the Government of Japan noted that the income level of the population has increased due to the increase in the value of the existing crypto currency. Therefore, we can say that in general, bitcoin and crypto-currency generally positively affects the economy of the country.
593  Economy / Economics / Re: Bitcoin as savings, emergency needs possible? on: April 30, 2018, 05:22:18 AM
In this issue, there can not be universal advice. The market of crypto currency is unstable and risky. In December, when the bitcoin price was rising rapidly, I did not see any warnings that people would not buy bitcoin at such a high price, because it would soon start to drop sharply. Everyone was directly affected by the "gold rush". Therefore, many of them suffered heavy losses. Invest in bitcoin should be very carefully. I do not think that you just need to hold it for a long time, hoping that someday, in the very distant future it will cost millions. This may not happen at all, and at a certain stage you can lose all your savings in bitcoin. It is better if you try to sell your bitcoin when it temporarily rises in price, and buy it when it is lying on the price day. And you will have a constant profit, and by your actions you will help stabilize its course, keeping it from manifesting a bubble.
594  Bitcoin / Press / Re: [2018-04-30]News of Bitcoin (Prediction or Expectation) from ANTHONY CUTHBERTSON on: April 30, 2018, 04:58:03 AM
Hi all,

I just found an article written by ANTHONY CUTHBERTSON, a staff writter of Newsweek, https://twitter.com/ADCuthbertson, I am tingled to read his article of bitcoin as the tittle looks so bombastic. Here is the link of his article: https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-live-gold-value-cryptocurrency-sohn-soros-invest-pfeffer-a8323441.html.
The article tittle: "BITCOIN WILL REPLACE GOLD AND SOAR IN PRICE TO $700,000, SAYS MAJOR INVESTOR". I just read at a glance, but seems this like pump with great media coverage.
I often to think with this article like this whether a prediction or expectation as the words are really different....How do you think?
No matter how this article is evaluated, predicted or awaited by desirable events, it is unlikely that this will ever come to pass. Well, bitcoin can not replace gold. These are absolutely different things by nature. In the world there will be vseravno people who will buy gold. Bitcoin can be used for earnings, however, as a repository of value, it is rather risky and the degree of this risk will increase in proportion to the cost of bitcoin. I also very much doubt that one day bitcoin will reach a price of $ 700,000. This is shown by recent events since December last year. It will be especially unrealistic if bitcoin remains at the same technical and functional level.
595  Bitcoin / Press / Re: [2018-04-29]MIT Tech Review Discloses a Plan to Let Down Bitcoin on: April 30, 2018, 04:39:23 AM
All three options described in the article how to reduce the role of bitcoin among the crypto currency. not new. Now the states are releasing and still intend to produce their own centralized digital coins. True, despite loud statements about this, including China and Russia, this process to create a centralized national crypto currency is not moving much. Also, various institutions and organizations are releasing their own tokens and they are becoming more and more over time. I think, even if this plan is fully launched, it will not affect anything. It's even interesting, so the world can switch to the use of various types of digital money and what it leads to. The strongest will survive in him.
596  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum will overtake Bitcoin on: April 30, 2018, 03:59:46 AM
In the next year ETH will overtake BTC as the number 1 cryptocurrency.  I would unload your bitcoin while you still can.
Ethereum can not beat the cost of bitcoin. The current crypto-currency market is arranged so that the price of all altcoins depends on the price of bitcoin. Ethereum happens, exhibits price independence, but not for long. Therefore, ethereum grows in price when both bitcoin rises simultaneously. I consider the price dependence of the entire crypto currency to be one of the biggest shortcomings of the crypto-currency market. This situation needs to be changed somehow. This is absolutely abnormal if bitcoin falls in price for four months, all the Crypto-currency is also lowered for this time and lies on the price day.
597  Bitcoin / Legal / Re: Blockchain could be illegal in the European Union. on: April 29, 2018, 05:15:21 PM
This, in general, is a very good decision of the European Union. It is aimed at protecting citizens from the illegal and unauthorized use of their personal data by other people. It can not be said that such a decision will negatively affect the crypto currency or its blockchein technology. Blockchein does not contain personal data of citizens, therefore, fears for it have no real basis. In general, the countries of the European Union and its governing bodies are very positive about blockchein technology and intend to use it for the safe storage of their databases in other cases.
598  Bitcoin / Bitcoin Discussion / Re: Will banks ever offer bitcoin deposits? on: April 29, 2018, 04:22:30 PM
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
Banks can provide services for converting crypto currency, while having their interest from each such operation. However, banks are unlikely to accept crypto currency, for example, bitcoin for deposit storage. Banks will not risk, because it is very difficult to predict the bitcoin rate. They constantly warn citizens that investing in bitcoin is a very risky investment, so they will not take bitcoins in a deposit to pay interest on them, knowing about the high volatility of bitcoins.
599  Alternate cryptocurrencies / Altcoin Discussion / Re: How long should one have to wait to sell on: April 28, 2018, 07:21:17 AM
Bitcoin keep on falling down  and no sign of raising. How long can we keep holding?
I think that at last we all have waited for this moment. Bitcoin in the last two weeks slowly, with small fluctuations began to rise in its value and it revived the entire crypto-currency market. Almost all the altkoins began to rise. However, it is still rather difficult to say how bitcoin will behave in the near future. Now everything depends on the incoming news information. The situation is rather shaky, but not hopeless. If nothing hinders, bitcoin should continue to slowly grow and pull all the altcoins behind them.
600  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it normal to wait for 6 months for a bounty reward? on: April 28, 2018, 07:09:06 AM
Now there are really a lot of complaints about the ICO teams. Recently, they generally want what they want, and they do, given that under conditions of joining, they indicate that the ICO team can at any time change the order and conditions of the generosity campaign. This actually means the complete lack of rights of participants in the campaign of generosity. Any conditions and order of payment and its size varies at its discretion, so even paying tokens in six or more months can become the norm. We need regulation of this ICO process by the state or public bodies.
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