I was questioned on crypto currencies legalization. I explained the facts happening around. Few received it with convincing reactions and few just ignored it. I really felt bad for the guys who did not care about crypto currencies as I really know the fruitfulness? I happily taught few others about crypto currencies. What was your friends expression when you introduced bitcoin to them?
When I told about bitcoin to my friend, all of them don't care about it even they said that "it will be better if we get real money rather than digital money". I think they pretend bitcoin as toys. But I can't force them to hear my explanation, maybe they already feel satisfied about their wealth. So I just leave them. But now when I show my expensive stuff that I bought using bitcoin then many people keep asking about bitcoin to me, sometimes thats makes me so frustrated. |
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I remember the first years of bitcoin's life. There were so many things to do and learn: mining, faucets, wallets, blockchain visualizations, etc.
Nowadays the bitcoin world is pretty boring: mining is for people with deep pockets, faucets don't exist anymore, wallets are getting centralized by big corporations (blockchain.com, coinbase, etc.).
Is there anything fun left to do with bitcoin, any specific application, website, app, anything that will make bitcoin fun and interesting again? Otherwise I just keep on holding and that's it.
Now, there are more mature people who get involved in bitcoin. Most of them interested to serious things that can give them profit. Things like mining pool, ICO, masternode, airdrop, create new project and etc is more interesting now for most of bitcoin users. But honestly, I think it's little bit stressful if I only think about profit. Maybe if famous online games create their own cryptocurrency then it will be fun enough. But I also won't spend too much time for such thing. |
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Proof of joined post
Bitcointalk username: millgates
Campaign in which you participate: signature campaign
ETH address: 0x5dCc5b3e239326E980Ac8B04ee04C8637a32E768
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morgan stainley report shows strong institutional investment for bitcoin. The report contains an overview of both how bitcoin has evolved, and how its investment purpose has changed throughout its existence. And also, goerge soros and the rock feller family were beginning to take position in the emergent crypto asset class. But I think its bad, because they can manipulate the market by the money that they have, we have to be careful. |
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I have seen the price of bitcoin is very high and has exceeded 15000 $ for one bitcoin, and now the price of bitcoin is under 10,000 $ and maybe this is my chance to buy bitcoin as much money as I have and hope to get enough profit for my economy in the future.
am I wrong with this step?
I don't think that this is a wise decision. Don't take too big risk mate. I think you should diversify your investment. I suggest you to invest your money in real business as well, try invest in stocks so you can get dividend atleast it is safer and still profitable. |
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Invest in bitcoin itself is risky, get involved in cryptocurrency lending business activity will give us double risk. Even if it is legal and regulated by some countries, it still risky. I prefer like to invest in new altcoin especially masternode coin rather than get involved in lending business.
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Bitcoin liquidity still low, accepting bitcoin when the price rise like 2017 is very risky, Amazon know this actually amazon also try to reach cryptocurrency community but they still can't accept bitcoin as payment methode because of its volatility, so as a solution Amazon offer other way to spend bitcoin on amazon, cryptocurrency users only need to purchase gift card for amazon desired amount, then you will be given bitcoin price to pay. So actually amazon accept bitcoin indirectly.
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Actually 2019 is not good year for world economy, world bank revised global economy growth in 2019 to 2,9 percent from 3 percent in 2018. If there is correlation between citizens phurchasing power with investment rate in bitcoin then there should be less people invest in bitcoin, " it will happen if everything goes normally " but since bitcoin is unpredictable, the price goes abnormally it's not driven by world economy growth even some of bitcoin price pump was caused by Japanese and korean people who trying to safe their wealth due to the growth of war in korean peninsula. There are also some countries which has good e-commerce growth, indonesia 78%, mexico 59%, philipine 51%, Colombia 45%, UEA 33%. So it seems that bitcoin price will rise due to the virtual money demand growth.
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Own gold is good since long time ago, even if people don't thrust paper money anymore than gold has big chance to replace paper money. Facts proves that hyperinflation is a common problem with paper money which is not guaranteed by gold, silver and other valuables. Gold to be resistance to inflation and its value tends to rise in the long run. Actually most of countries silently hoard gold.
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Japan’s primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges. With the acquisition of the accreditation, they'll continue to make further efforts to create an industry that people can trust from everyone who uses virtual currency with members exchanges.
I knew another source that said japan's FSA gave the cryptocurrency industry self-regulatory status, permitting the japan virtual currency exchange to police and sanction exchanges for any violations. In essence this policy is very good Do you think we'll see this happening in other countries anytime soon?
I think yes, every country should improve security for cryptocurrency users so this step should be taken. |
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Do you believe that the adoption of bitcoin in every country can less the unemployment rate? As what I have observed most of the countries right now are accepting bitcoin as a payment method. Is there a possibility that crypto will be legalized and become as a legal job also?
Actually USA also apply tax for bitcoin trading, it's mean that bitcoin is now legal in USA. Based on LocalBitcoins all time country volume leaderboard(USD), USA's trading volume is $ 1,44 bn (22,77%) that is so huge amount, isn't it? Anyone can trade bitcoin so unemployment rate maybe reduced because maybe some unemployed people trading bitcoin now and get income. |
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I agree, they deserve this punishment, South Korean regulations should be an example for other countries, hoping that the manipulations will be afraid and discourage them,
for now I only know the crypto exchange with high volume is "binance" whether there are still other exchanges that have large and real volumes.
We should keep thrust to most of exchange site, although manipulation can be happen. Even I heard that more than half of all trade now executed just by a hand full of high frequency traders who use rapid fire computers to essentially force slower investors to give up profits. By the way in this case South Korea has proved that korea has strong and professional law enforcement. Creating a high volume of trades allows the coin candle stick to look stable while demonstrating activity to investors but honestly it can help new coin. |
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When the price of bitcoin is fall then that is the chance to buy more bitcoin at low price. Bitcoin is good investment because people have good expectations about bitcoin, there are also inflation of fiat money, we all know that the falling of fiat currency will makes the price of bitcoin rise because people will try to safe their wealth, the falling of fiat money is frequently happen, so bitcoin reduced price is an opportunity to buy.
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The article said that they will fire any employees cought trading crypto, this mean that JP Morgan afraid of bitcoin. They afraid that people prefer like to use bitcoin rather than fiat money. If JP Morgan think that bitcoin is useless then they will not have such behaviour, JP Morgan behave like that because bitcoin is something usefull and can become something big and popular in the future.
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I agree with that guy, in this early phase of bitcoin adoption I am sure that the price will keep rise based on supply and demand rule but I understand that this currency with low liquidity is vulnerable to be played by whales so I just need to make strategies to gain profit.
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Correct, many people tend to sell their bitcoin right now. They don't realize that actually bitcoin price is tend to rise. Those whales are smart people thats why most of them can become whales. New people who only care about profit don't know that market is still played by whales due to the low liquidity of bitcoin.
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Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business
Give me the reason why you choose between the one above
regards
Do both, invest in cryptocurrency is profitable but need long time for it except you know how to trading. Real business is always good that's how you can improve your skill and income little by little, day by day. I also doing this, invest in bitcoin while do something else. |
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An early Bitcoin investor and self-confessed libertarian has built the first “seastead” with his BTC profits. For those who do not know, a seastead is a floating home designed to stay in international waters, thus allowing its inhabitants to live outside of the laws of any nation. ... https://www.newsbtc.com/2019/03/01/bitcoin-seastead/It seems that he trying to get a freedom, but it's mean that he also not protected by any law and obtaining necessity stuffs will be hard too. I think it will be better if he buy more property so he can get passive income by renting it, If I am him then that is what would I do. |
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Wouldn't gold's physical nature be a real weakness because it could cause a "centralization in vaults" problem? How much gold can an individual legally own and store in your homes in your country?
Then there is Bitcoin. It is virtual, and it opens a world of private key ownership, and therefore, true sovereign ownership of private property which governments cannot control.
No, gold physical nature is the power of gold. Gold with it's physical has intrinsic value. We need gold to create some electronic components, it's not just a beautiful metal but it also usefull. But bitcoin still better than fiat money, bitcoin can be the number one alternative currency that accept by all people around the world although gold maybe become the main currency. |
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In this history of mankind any kind of innovation to solve something has always benefited it does however takes its own time to fix things .. look at those trillion dollars of debt in u.s if they don't pay the entire country goes into bankruptcy and this not only affects one country but several others will be down along with it .. we need robust technology to solve such things if humans keep using paper money it will not only cause problems to the country but to its own people. adoption of block chain is very important in near future. lets see how much we care .. if Government really needs to solve their debt issues blockchain is the only way out to convert their useless fiat to valuable blockchain technology it will not only help to crush fiat and pay of trillions it will help to rescue the majority of countries in Asia and worldwide.
Fiat money system is the worst, if you know about roschild then I think you will be understand. Don't let some grup control our economy, we have our freedom to chose which is valuable and which is not. The world wealth is mostly controlled by some group, this time for us to free from that control, by use money which there is no central authority which control it then the freedom is for everyone. Bitcoin can replace fiat in the future when people realize that it is better than fiat money. |
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