I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?
I am hoping that your cryptocurrency experiment would be bearing some fruits. We know that a big problem with Bitcoin is that many (maybe the majority I guess) are more into speculative holding, so they are not going to let go of their stash that easily not unless they really have to. Maybe you can provide something (a special promo maybe) so that you can entice some Bitcoin holders to use the coin to pay their milk tea with it. However, I do admire your inclination to be a very innovative entrepreneur who is always open to new things. |
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As subject goes, is Bitcoin the maximum version?
Is it still possible to develop it?
You may want to spend a little more time reading about Bitcoin. It's still in active development, and will continue to be for the foreseeable future. There are still a few glaring issues that are yet to be addressed. Can we still expect better coin than Bitcoin?
Of course. The possibility will always be there, it's the probability that is in question. Growth must be continuing otherwise Bitcoin can be considered as a dead coin. Right now, there are some big issues that Bitcoin developers should be facing to help this cryptocurrency stay on the game for a long, long time servicing as many people or users as possible. Reading along this forum, we can be aware of the many challenges that need to be addressed as soon as possible. Innovations, changes for the better are all part of Bitcoin and we should be expecting them. As a man-made invention, Bitcoin is never perfect and will never be that is why development must be ongoing and will never stop anytime. |
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We know that Bitcoin is a very volatile asset so if one is averse to its volatility then this is not the most recommended investment vehicle, much better go with the real gold and not its digital counterpart. However, for people who can absorb some risks and looking for a way to growth his asset or money in the coming months and years then taking Bitcoin can be worth it. The thing is never go into something with both eyes closed, one must be aware into something he is jumping into and do some due diligence before deciding to say yes. Overall, based on its history, Bitcoin can be a very profitable experience one can opt to be a part of.
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We are all aware that those US lawmakers are doing whatever it takes to make cryptocurrencies taxable. Last year, US residents are receiving mails about them paying their taxes on whatever amount of cryptocurrencies they are possessing.
There are countries like Singapore who doesn’t tax their residents when trading cryptocurrencies. What do you guys think about this move by the US lawmakers?
Do you think it is necessary for US residents to pay their taxes fairly whatever coins or tokens are they holding? Or these lawmakers must leave them alone? Would like to hear more about your reactions or opinion about this one. Thanks!
As a taxpayer myself, I think laws on cryptocurrency taxation should be simple and easily implementable especially on our side. As far as I know, taxation is getting to be complicated especially in the USA. Maybe it is time that there must be a single voice of the whole cryptocurrency industry by having an advocate in Congress. Yes, we always believe that treating cryptocurrency especially Bitcoin as a currency is the right thing to do as it can make things better and simpler. This is what lawmakers should be focusing on. |
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Let's see what their actual association with it is. There's no details in there. I wonder why it would be anything beyond selling them hardware in which case there's nothing to answer for.
It's not that I have much sympathy for Bitmain, but getting into legal troubles for merely selling mining equipment to the wrong company does seem a bit excessive. Maybe it's just a way of "playing it safe" and covering all their legal bases? They didn't just sell. There is an interesting topic about bitclub going down herePeople from bitmain were meeting with the operators of bitclub, and another familiar face also  , and main knew all the time how much gear they've sold to them and how their claims of buying millions in equipment were fake but never denied them, they've kept quiet. And of course, there is also the possibility of bitmain actually helping them with a bit of hash rate to fake the stats, wouldn't be surprising I am sure there must be more than just a seller-buyer association otherwise it would be illogical to further investigate the whole matter. I have known BitClub for a long time because I was also recruited into it but since I really doubted the whole system they were using I just ignore them. Well, I have to be honest that passive income programs can indeed be truly attracted to many, especially for a guy like me who is technically-challenged. Let's hope that something good can be coming out of this mess and any accountability can be established so that this can be another big lesson to all never to be associated with any possibly scam programs. There would be more coming scam programs like BitClub and they can be creatively packaged in many ways and appearance attracting many innocent victims along the way. We really have to be careful... |
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[BOUNTY] 1000 7FEB tokens Given until 7 Feb or While stock last. What is so important about 7 Feb!? Well it is my birthday. I will be giving 1000 7FEB cryptocurrency to all till stocks depleted but you need an Incognito Wallet : https://incognito.org/send-bitcoin-anonymously-01.htmlRequirements 1. Join Telegram t.me/collectibletokens 2. Join Telegram t.me/tippingtokens 3. Paste your Incognito wallet address with 7FEB at t.me/collectibletokens 4. Tokens will be despatch immediately I wish you a happy birthday in advance, but I have to admit that I do not understand why to create tokens that have no added value. Because of this, we already have thousands of completely worthless tokens and coins on the market. Such a large amount of worthless tokens and coins simply litter the entire market and spoils its real picture. I fully agree. And who would stop me to also create my own tokens in honor of my coming birthday or even the birthday of my mother-in-law of that of my neighbor? We can then be teeming with so many birthday tokens making them so devoid of any value and use-cases. However, I am not here to rain OP's parade so just go ahead and enjoy your day. |
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Sadly, there is nothing you can do to take back the amount of Bitcoin that you lost because that can already be a confirmed transaction. I am sure that many people can be wondering what really happened. Would it be possible that there is some sort of a malware or a virus in your gadget that was able to copy your private key and used it against you? I heard of the same incidents before. Horrifying as it is, this is one of the many reasons why many people are not actually adopting the cryptocurrency movement...people who are technically-challenged (just like me) can have a hard time and will be at risks of losing their funds and are powerless to get back the assets once already transferred into another hand.
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We are always assuming of the possibility of history repeating itself because we can easily go back then in time and see what happened but of course in reality there will always be differences and there will be no guarantee whatsoever, much more with a very volatile asset like Bitcoin. However, if more and more people will be convinced that something can happen in the way it should be then who knows things can be considered as just self-fulfilling predictions. I am not complaining though if the same thing can happen with Bitcoin due to the power of the coming halving around May 2020 which is fast approaching actually. Right now, Bitcoin is moving and there is a big chance for some more bullish days ahead of us and we are still in January.
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There is no mistake about that Bitcoin is rising up. The recent slowdown is just a natural occurrence with this digital asset and has been shown not to be a big concern to many. We are definitely in a bullish trend right now and we can see a mounting upward pressure in the coming days and weeks. This correction should be taken overall as very healthy. Personally, I am starting to see Bitcoin really getting ready for more growth leading to the coming halving around May. Once this kind of euphoric mindset is enveloping with the whole market then we can see Bitcoin jumping and ramping all around.
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We all know how worked hard Satoshi Nakamoto made the blockchain, for the ease of all of us, should we not do anything for this?
So the answer is yes, we too should do something. That's why I and some of my friends have decided that we will. We will build a small academy with only two or three rooms, where we will tell people about blockchain, without any fees. I want to know this from you, is this a good idea? Please tell me if this is not the right way. We can only invest two or three months for this Academy.
I always admire people who are taking the initiative to reach out to other people and then have them a good opportunity to learn more on the blockchain and cryptocurrency. Now, I am really encouraging you guys to offer this course for free. However, to make things sustainable, you can also be giving a separate course for people who have the money and who are interested to invest in cryptocurrency, then charge them for some minimal fee. With a regular funds coming in the program can be sustainable and then can be reaching more and more people in the long run. Again, this is a good project and I am wishing you guys the best and more power. I am hoping the same thing can also be happening elsewhere. Education is always the key to anything much more so in cryptocurrency and the blockchain where definitely there is that learning curve which can be a stumbling to many. |
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I do not strongly believe that what happened to the Bitcoin which Peter Schiff bought and lost can be the reason for its recent minor slip. Why would he be a factor in the market, anyway. Who knows if he is just having some inclination this time to be the Drama King and just pretend that he lost the password just to make the point that owning Bitcoin can be harder than owning the real gold? He has no love for Bitcoin so we should never care if he is stupid enough to have lost his password or if somebody (maybe within his own household, who knows!) got his password illicitly and transfer his Bitcoin somewhere else. I guess since he has a lot of resources under his hand, the best thing to do is to hire a good investigator to find out what really happened. We are not anymore in 2017 where a statement from someone known can be affecting Bitcoin, we are already a lot of miles away from that kind of non-sense thing. |
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We all know this has been going on for years but it is pretty shocking to see the enormous difference in these numbers. It is also hard to comprehend that most concentrated part of the wealth is hold bye a small club of men. How do you think this is devided with Bitcoin we can all just see the top richest wallets in Bitcoin, but do you think Bitcoin is more fair devided then the current money system? What would be the most fair way of dividing a cryptocurrency so the whole world is actually part of it and gets wealth?
The divide between the rich and the poor is not anymore shocking to me. That has had been going on since time immemorial and in our modern world the same thing has been affecting many people. When you have the money, you have the resources that you can use to produce more money and without it then you can be condemned to a hand-to-mouth existence, if not no-food situation. The more money you have, the more money you can make and the same is true on the reverse. Now, with this reality on the backdrop, can Bitcoin do something about it? The answer is a big no as Bitcoin is not an anti-poverty measure, asset or a platform. In fact, I think the same thing is happening with Bitcoin, only a few people or entities control the majority of the coins, though the most important thing is that we have the opportunity to buy one if we have the money. You can distribute all of cryptocurrencies to the poor but at the end of the day it will never be making a big impact. Education is the key, as the primary source of empowerment of the people so they can start to stand on their own feet. |
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It's too early to say that just because we have a fall. Remember Chinese New Year is near, maybe they are selling to have some extra stuff. Also, fall is unavoidable even if we are in a good run because of traders. As you can see we have a strong support at $8.5k and seems maintaining on that price floor. If it was just a bull trap it could've cause a panic selling and by now we should be below $8k but look it's not. Don't expect a continous rally because the market is volatile.
Let's see what can be after the Chinese New Year but I am more hopeful that soon maybe by next month or even March we can be breaking through the $10,000 zone. The coming halving should have been making some influence even these days but the market is not yet ready. The Middle East war factor has already been relegated so the market is looking for reasons for it to be bullish. All in all, Bitcoin is doing good and we are still in January. |
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While there is no guarantee that the same thing can be happening again and again, there is a factor of self-fulfilling prophecy here. When a critical number of people are convinced that it can be back again, then there is a big possibility that it will. Rational or irrational it maybe. Now, the real test is on eating the pudding so let's watch this one and see what happened after the Chinese New Year if it got good or bad effect on the prices of cryptocurrencies in the market.
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Regulations will be here to stay and in 2020 there will be more that we should expect as more and more government bodies are now recognizing the potential of cryptocurrency in terms of contributing something to the global economy. As far as "not good" effects of regulations can be concerned, in my view, all of these are just short-term. With regulations, there is now that legitimacy issue being addressed and with all the scams and hacks going on with this industry getting the trust and confidence of the people may not be that easy, much more if there will be no regulations in place. Years from now, it would be the good side of regulations that can be highlighted, and that can be the time when this industry will be showing more maturity. For now, let's brace for some side-effects of the regulations imposed by governing bodies and try to adopt into it as going against them can be futile (of course, if we are living in a crypto island then that can be fine).
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There are several types of verifications when it comes to crypto ATMs, and again they depend on the individual country and its legislation. What you describe is withdrawing money into your bank account, but most crypto ATMs are only one-way devices, which means you can only buy crypto with cash. Some of them will only ask you your mobile phone number on which you will get confirmation code, others will ask you to show your ID on the ATM camera, or to show your face in front of the camera. Some ATM are using special software (check https://shuftipro.com/). I think the USA has fairly strict laws in this regard (FinCEN) which requires that all clients in such transactions are identified, all of course for the purpose of preventing money laundering and terrorist financing. Maybe Finland is one of the first EU countries that is starting to implement new EU directives (AMLD 5) which came into force on January 10 this year. KYC is as diverse as the many countries where there are Bitcoin ATMs. This means that for now there is no universally accepted KYC procedures and this all add more inconvenience and confusion to Bitcoin holders, putting more reason why up to now Bitcoin has not yet achieved the massive use it should be enjoying. Here in my country, I think we only have two or three existing ATM terminals where one can be able to transact Bitcoin but KYC is not yet that very strict but we know that soon this can be changing. Let's hope that there can be a common procedures for this one so that Bitcoin users will not be left on the cold as far as ATM is concerned. |
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How Bitcoin will behave if there will be another global recession like that happened more than a decade ago is something that we will still see and experience and there is actually no guarantee that Bitcoin will be appraised high under such circumstances. All we have right now are assumptions and speculations but the real taste of the butter can only come during the real situation, and I am not praying that it will happen just so we can see how Bitcoin can be performing. Will there be a recession or will it be starting this 2020? Nobody knows but the way I am assessing things right now there is more chance that it will not be 2020, maybe that can happen after the first term of Trump. Now, we are back with the idea that Bitcoin can shoot to the moon if unfortunate thing can happen with the global economy or any bad news happening elsewhere (like the Middle East war or World War 3) and this is something I am honestly not comfortable with but I also understand that this is unavoidable since Bitcoin was born during the trying times of the last recession.
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Peter Schiff Says Owning Bitcoin (BTC) Was 'Bad Idea' After Losing
After an eight percent dump, it seemed like things couldn't get better for Bitcoin bears in the likes of Euro Pacific Capital CEO Peter Schiff. However, instead of gloating over the humiliating defeat of the bulls, the gold bug took to Twitter to express his frustration over losing access to his BTC holdings.
I am sure that Bitcoin holders and supporters are laughing at Peter Schiff and his predicament right now. So eventually he bought some Bitcoin maybe just to show us that owning one can be more difficult than owning gold, and maybe in that aspect he can be right. However, a gold owner can also lost gold if he can be careless just like what this man had done with his password. And in this world there is no guaranteed cure for a carelessness (or being stupid for that matter) especially with the stature like that of Mr. Schiff. Personally, I have nothing against Peter Schiff as I also welcome and appreciate investments in the real gold but there is no need to be destroying each other as we can all be good friends and be supportive of each other. We can b supporting gold while also supporting Bitcoin, right? Gold and Bitcoin can be considered as the best investment assets, safe havens and store of value. |
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