I told you so - many times in here. It was a bubble, and you should get the hell out of BTC.
The responses in here were mainly hysteric screaming of "FUD".
It is now clear from more and more posts in here that people who came late to the bubble-party are in losses on their Bitcoins. Well, told you so.
This is not the time to HODL. The party is over. Your choice is whether to sell now and take a loss, or wait until you have lost everything.
Not really if you know how to predict then you will get out of the dangers that bitcoin will offer which is the income and profit loss. Maybe right now it just went down but soon enough it will grow it has been just months you shouldn't freak out just because the price went down. This is what makes you lose profit and what makes you think that bitcoin is a bad investment. Learn to know when to sell and when to buy for you to avoid this pop of the bubble. |
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1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
I totally agree with this list you made. I think buying bitcoin shouldn't be subjective, buy bitcoin according to the behavior it makes because buying at the wrong time might ruin and might make your wait a little longer than what you expect. I think having a safe wallet will secure everything. If can't then you should split your funds to different wallets so that if one might get hacked then you still have other wallets that is already filled by a portion of your fund. |
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seriously? you are putting your faith in governments? for all we know, they are the one who put their people in that situation, poor people is a sign of poor governance, bitcoin cannot reverse this status quo but may help in some ways like donations from big holders and rich traders in bitcoins, even small time traders can help by donating bitcoins or fiats. there are some sites that accepts bitcoin donations like bitgiv.com
We have the same reaction, LOL. Government will never help us instead they will be more eager to grab/corrupt peoples money just because of their selfishness. Well it starts off with every bits of us. In the community we have people and in order to get economically better it is needed for all to have atleast a job to contribute in a country by paying taxes to have a better country and also an economically competent one. Many of people right now don't get jobs because they don't finish their education but with BTC you don't need to attain something you just need to learn simple things and basics about it and you are good to go and to have a job connected to it. |
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Why Media is negative about Bitcoin?
Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
Do you see that, dont you?
The main reason for bitcoin being on the negative when it comes to bitcoin is because of the fact that most of media right now is secretly manipulated by capitalists all around the globe. Because if bitcoin stripping this capitalists with huge amounts of dollars away because people are choosing bitcoin more than saving up in a bank, they are making a bad image of bitcoin to change people's minds and hopefully turn their backs to bitcoin and back to banking. |
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China and many countries banned bitcoin certainly have a strong reason and I think the strongest reason is fear because bitcoin is used for illegal transactions to money laundering, this is because the bitcoin feature is anonymous so everyone will never know their identity.
China illegalized bitcoin use in their country because they saw a possibility that if they let the coin flourish in their country, bitcoin might one day take over the currency in the said country and make their national money void of value or at the very least, obsolete. They think through banning they might prevent this from happening and so they did prohibited the use of bitcoin. |
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This is a bold attempt of Samsung to reach out to the people who are mining bitcoin in hopes of making them their customers. Apparently they wouldn't hope to get any profit from this "partnership" with bitcoin since they haven't invested anything and they even chose to make mining hardware on their phones. The only thing they could possibly gain from this is when people chose to buy the phones. |
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Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
What bitcoin has to be different is the price of it , obviously, since it was the first cryptocurrency and most developed of all digital currency we have right now. Bitcoin is the most supported and well known currency compared to others which is not trusted by some people. At the end of the day bitcoin is just one of the currency in the market, but the leading one. |
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bitcoin is no ponzi scheme just that its system is quiet different from what they usually know and do its fee charge,trading and investing system and so on.So its no ponzi scheme
Yes agree with you. Bitcoin existence can prove that it is quite different to Ponzi scheme. Ponzi scheme will not really exceed for long term like 9-10 years in operation. And besides bitcoin transactions or investment will collecting charges to enables investors doing trading, exchanging and etc, or a decentralized forms of investment generally. Unlike ponzi scheme it is a pyramidal form that operates in short time and vanished with all of our money were being steal. Ponzi schemes are something that bitcoin will not he capable of doing ir becoming so because in the first place it is already an established coin in the market. With bitcoin, everyone profits from their own investment which is not like what happens on pyramiding and Ponzi schemes where the head will take advantage of its subordinates and profit not only on their investments bit also from the investment of others. |
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Some local currencies have existed for centuries. Why would they remove the present currency when both can exist? Cryptocurrency has not that much effect on the economy as of today.
If the technological era takes its place deeper then we cannot control the development of our currency it will definitely swoop out all of the currency we have now and indefinitely be the currency in the future. Since bitcoin is starting to be talked throughout the world maybe they will reconsider the potential and the rooms that bitcoin can give into upgrading and giving a better economy to the world and to individuals. |
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I know it is easy to search at google site but can you provide some evidences or links for more sites to get and it will be more reliable. Vatican is influential place. Big impact of Roman Catholic religion. People there love their church leader. One day if they will make a first step with the relation of religion it is not hard to convince the people about the one world leader and should have one world currency.
On its own, bitcoin could really notnimprove and be able to become a cryptocurrency suitable for all types of transactions, be it micro or macro. However, blockchain technology has bitcoin's back, and has since been the one to support and improve bitcoin with updates that would prove beneficial later on. So yes, bitcoin could still be a world currency with the help of blockchain technology. |
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I don't think bitcoin will be an antique.
That will happen after the supply of bitcoin reaches 21 million, and the value of bitcoin will rise.
All cryptocurrencies have no physical representation. Otherwise they will not be crypyocurrencies if there were physical iterations of bitcoin and ethereum. In this same manner, bitcoin would not have a useful value once it becomes obsolete since the coin is a program, not something that you can touch and get your hands on. So bitcoin will not be antiques |
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i have some bitcoins with me..any tips to invest them...dont want to spend them...should i invest in some ICO ??
Some people have experienced the big bang of bitcoin, and many of them want to have the same experience. Market capitalization is not unlimited, and I think really good ico and patience is the way to another leap. ICOs are good go-to investments right now since we all know that it is a spreading trend among the cryptocurrency industry. However, just a fair note, invest only if you have enough knowledge. ICOs may be very profitable at the moment, but there are also scams in this industry and they could victimize anyone. It's good to have a fair amount of knowledge beforehand. As what they always say, "look before you leap". |
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On this issue, I really liked the quotes from the interview of American venture capital investor and founder of the firm now known as Draper Fisher Jurvetson (DJF) - Tim Draper: «There’s a major revolution taking place that is now allowing for a better currency — one that is more secure, that is decentralized, that is more effective, more useful. It’s global. It’s open to everyone. It banks the unbanked. It allows people to send their money to their families in the Philippines or in Mexico without any big friction. It is a far better currency than the fiat currency.» «Right now, your banks are being attacked all the time. The hackers are poking holes in your banks and going after your fiat money and the bankers are pounding away trying to keep the hacks away but they’re getting hacked all the time. No one has ever hacked the Bitcoin blockchain. It is the most secure place to put your money. So as a store of value it is a great place to be.» «If you’re in Argentina or Venezuela or Nigeria you know that your currency is going to fall 30 percent every year, because, I mean, those countries tend to implode about every year. And people lose their fortune. Well, if part of your fortune is put into bitcoin, you’re not going to lose your fortune» «There are many many reasons [and] many many uses. […] This is going to be a major change in the future of the world. It’s a major breakthrough and I can’t wait for us to be sort of one world with our currencies as opposed to having it tied to some political influence or another, or some government just decides to inflate or decides that they’re just going to take a bunch of currency. This is a great opportunity for the people to run their businesses unfettered by political whims.» Source: http://bitcoinist.com/tim-draper-bitcoin-is-the-most-secure-place-to-put-your-money/ The news itself is a good sign for the cryptocurrency industry's global acceptance. Right now even countries make their own version of cryptocurrency to compensate for the ongoing massive trend and interest towards bitcoin abd cryptocurrency. This will be a great stepping stone towards global reach of bitcoin as even South Korea, a country initially in the negative when it comes to cryptocurrency, begin embracing and now making their own virtual coin. |
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Well that's Media for you spreading false rumor's just to destroy the reputation of bitcoin so they can hog all the bitcoin value.
False news have been going on for a very long time to almost every issue and product there is to divert the attention of people to the real scenario or to spread hatred or disgust against the product, person, or issue. Bitcoin is never an exception to false news. Ever since it became big in the market, there has been many false news that sprouted against bitcoin to spread hatred against bitcoin. People could avoid being victimized by false news by trusting bonafide cryptocurrency news media provider. |
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Do you think that cryptocurrency should be taught in schools or University? Specially in the field of business management?
As a student, I believe it will give us an advantage to this so called cryptoworld, right?
I think nations need to advance with vision, the future like Blockchain technology is the vision of today. so if included in the curriculum would be very good especially this is related to the economy directly. hopefully over time, then the government can understand how the needs of people who have helped with the existence of bitcoin Bitcoin as a subject yo be taught in college and univerisities might sound good on paper and in theory, but I don't think a lot of students and teaching institutions would approve of this, everything you could know and more about bitcoin, is at their whitepaper and in the internet meaning there's no actual need for a subject as bitcoin. Moreover, there would be a huge confusion between bitcoin's place in the curriculum. People and institutions might consider bitcoin a part of IT course while some may consider it part of economics. So I don't really think it would go down well. |
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With a country as impoverished as Zimbabwe, reeking of severe poverty and extreme corruption among their government officials that resulted to their own currency reaching a very high infoation rate making it utterly worthless, they really couldn't afford any economic measures that would make them invest money first before earning profits. That is why bitcoin is banned in the said country. |
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China's three major virtual currencies trading platform Bitcoin China, Coin Network, OKCoin currency have announced that they will cease trading business, the Chinese regulatory authorities so resolute and beyond imagination. I would like to know why China prohibits bitcoin. What is the reason, who can tell me? This is the news link I saw before： http://www.myzaker.com/article/59bf055a9490cb703500002b/ In terms of cryptocurrency on China, anything is good for cryptocurrency not until when the crime rate involving of cryptocurrency soared for the past months. Chinese government wants to protect their citezens on scams and frauds, in such manner China would never take the risks for cryptocurrency for economic purposes when they can really make it out with another way. |
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