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Most of us would either probably spreading it in their own circle of friends and family. However, the technicalities involved are very difficult to explain to someone who has never tried researching it and even if you do make them research about it, they kind of lose interest in it sooner or later so it was kind of a waste though. A lot of curious people ask me though about what bitcoin is since I often update my social media account about updates on crypto and such and since they are also learned in the field of tech, they try to ask me questions and learn as we go. I don't really start encouraging people to invest on crypto and coins and such but rather just teach them and make them a bit more educated about its current affairs. It's really up to them if they want to continue on and invest. I've also shared my fair warnings about the possible repercussions when investing nonchalantly without prior research about the field.
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The nature of Africa was decentralization! Africa was unite and great until colonial masters began to centralize everything. Now all the resources is control by the western world. Now that the world is changing and blockchain is bring back decentralization to the world would Africa get their power back?
Africa has untapped potential and relying on bitcoin can help them unleash that potential. However, there are a number of limitations present at the time that makes it difficult for Africa to even try to develop as their own while relying on bitcoin. It would take serious effort to make it really work. Africa has the ability to leverage blockchain across every industry, giving them the chance to release themselves from the west and fixing the mistakes made by the development of the west. With how Africa as being one of the countries known to be underdeveloped, Blockchain can really help them stand up and stand together to those developed and well endowed countries. |
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Buying and selling Bitcoin is one of the most important processes. This is a transaction between someone who wants to sell and someone who needs to buy Bitcoin when in need. The buying and selling process is fast, and processed with high accuracy.
When buying and selling Bitcoin you first need to create a wallet to store your purchased Bitcoin. Besides, you need to completely secure your wallet to avoid hacker intrusion causing your wallet to lose the right to use and you to lose money.
In order for the Bitcoin trading process to go smoothly and quickly, you need to prepare a bank account and internet banking service to make it easier to trade.
In the end, choosing a reputable Bitcoin exchange is not to be missed. You should choose Bitcoin exchanges in Vietnam such as Kenniex, Vituco.com, Remitano.com, Tradecoin Binance, etc. to make Bitcoin purchases.
TOP 5 most reputable Bitcoin trading floors in Vietnam
There are many Bitcoin exchanges around the globe. However, you need to learn and choose for yourself a reputable broker to avoid floor collapse and unexpected risks.
There are a lot of steps to follow when buying and selling bitcoin. It cannot really be compared to the market where you can just grab something and pay for it after all. A lot of resources were spent on researching on its current market price and possible progress in the future. As you said as well, a good platform to start with is a must for every person trying to buy bitcoin. Not only that, they should know enough about how to keep their wallet safe, and the different types of wallet they can get and will cater to their preferences. They should always prepare for any unexpected changes in the market flow since that will basically tell if they could profit or not. You also have to participate in community discussions about possible developments in the future so you can try and prepare for it and decide where to go from there. A lot of decision making is made when deciding to buy bitcoin and it could really be a life changer for those just starting. |
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Years ago I read about the potential danger of quantum computing for Bitcoin,
for thousands of years (yes, even before computers) we have been coming up with newer and stronger cryptographic schemes to make it stronger as efficient ways were found to break the older ones. this is not going to stop here either, it will be a constant battle of strengthening cryptography while technology improves. so what does it mean for bitcoin? nothing really! like everything else bitcoin has to also upgrade its cryptography at some point to be ahead of the technology. Indeed. What you just said implies a "potential" threat. But the existence of quantum computers hasn't even been realized yet. A potential threat is as good as not a threat since contingencies can be basically done to prevent it from being a "threat". Besides, even in the recent news of Google and their quantum computers, the current progress is much smaller than what quantum computers should really be able to. They just state it's possibilities in the future but it hasn't really been realized as of yet. |
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My web comic is just starting a bitcoin related story. It uncovers the truth behind Satoshi and what happens when bitcoin goes "to the moon". It is not to be taken seriously. Here is a link to the first episode. https://thenurbs.xyz/Home/ShowComic?comicNo=124Great idea bro! Spreading bitcoin in every multimedia available should really boost its popularity and if ever someone stumbles about it, that should be able to pique their interest in it. I know it isn't really for promotion and more for entertainment but it could still be a good advertisement for bitcoin in the webtoon area. Really fun to watch and you can even include the basics of bitcoin so that it'll be educational and entertaining at the same time. Like add some twiststo it that help it educate about itcoin while still holding the characteristics of a webtoon. |
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I found it to be possible as such to be fair. There isn't really a perfect system that can exist, and all we can do about it is to react to it faster than before and try to fix it before irreversible damage happens. Besides, even if developers have fixed the previous bugs that don't really indicate any happenings of it being prevented in the future. They fixed it alright but prevention is another thing.
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I'm falling in love with these guys lately - they have some really cool ideas. Anyways, here's where I come from: https://cryptotradernews.com/cryptocurrency/how-crypto-should-be-regulated/Key highlights: Utilizing the underlying tech of virtually every cryptocurrency, we can police our own. With blockchain, smart contracts, and the very same miners currently working to provide the heart of Bitcoin, Ether, XRP, etc., etc., we can eliminate virtually every scam ICO as well as ensure that exchanges and wallets are adhering to industry requirements.
It really boils down to one of the most basic set of commands known to man — If, Then, Goto, and Else. Except now we have the power of smart contracts where we can ensure that the parameters are completely met along the way, and we can verify these requirements via the blockchain at any given time.This truly is how we can regulate Bitcoin and virtually any currency isn't it? I mean we already have the power it's just a matter of putting all the pieces in place. Thoughts? Might as well go turn back to banks if you wanted regulation to be in place. Sure, it would enhance security and prevent scams from occuring but it'll place limitations on its full capacity to work with. Governments won't be willing to legalize Bitcoin unless they apply regulations before accepting it. Actually, I would like to see Bitcoin with regulations. It could help decrease the number of scammers on a wide scale.
Well thats the point. They aren't willing to accept something they cannot control and bitcoin is one of those. The government is used to having everything under it controlled by it, and bitcoin is not one of those. Bitcoin has it's freedom and is open to public, literally anyone can access it without any limitations and thats what makes bitcoin, bitcoin. |
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Ok, you first need to watch this video to understand what a Bail-in is ---> https://youtu.be/j6aTCOjUaoU The short answer is that Banks are allowed to take any deposits to cover their losses, when they loan money to people and when those people do not pay it back. Yes, they do not take the shareholders money to do that, they are allowed to take deposits and they have done that before in Cyprus.  So you might be saying, but the money is secured by insurance right? Well you are wrong, only a small percentage of all deposits are insured. The money you deposited are perceived as a loan to the Bank and what happens when a Bank cannot pay back their loan, well this video will explain that in detail. ----> https://youtu.be/EC0G7pY4wREI cannot take credit for the content of this post, because it was posted first on Reddit, I simply want to highlight this here, because a lot of people do not read Reddit content or they might have missed this. Original source : https://www.reddit.com/r/Bitcoin/comments/db8qsw/when_your_friends_tell_you_that_youre_dumb_crazy/Thank you Satoshi  Nakamoto for offering us an alternative to Banks to protect our wealth.  A really big thankyou for that. When the places we trust our money to can actually just take our money away when they lose out. It's basically a free way out for them while retaining their savings and letting their customers suffer on their accounts. Well, when a first world giant like the USA agree to stupid legislation like this, the world will follow. Most of these Banks have a global footprint, so it will be applied in the other countries where they have branches.  And most underdeveloped countries would follow those developed ones, leading to thise countries being in a more problematic economical and financial situation than they already were. |
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Every day experts share BTC technical analysis and charts.
They look good but actual results are often total opposite.
Are they helpful in you Bitcoin decisions?
Imo, they can help you judge the market at times but doesn't necessarily mean that you should trust it a 100%. TA is basically just a possible reaction or result by taking in different factors involved in the problem. They are valued and albeit helpful at times, but only take it as only one factor when deciding things about bitcoin. Do not base your decision solely out of it. |
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Its kinda unexpected since most developed countries are at the middle to bottom side. The very developed ones I mean like Japan and USA. Though it really is great news since this simply means more and more countries are being knowledgeable about the existence of bitcoin and starting to acknowledge it's existence. Countries that are less influenced by banks are more likely to adopt bitcoin itself, one example of which is SouthAfrica which is second on the list.
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I am recently watching videos about investing and financial freedom. I usually hear people like Tony Robbins say that compound interest is such a great thing. It is a wise way to invest your money for a long period of time. I have heard it from several others as well. But I have no idea which investments give us compound interest. I was hoping if you guys know about it and I would be very happy to be educated about it. I am in my early 20s and want to make right decisions for secure and prosperous present and future. I would really appreciate your words and advises. Thanks
Yes indeed compound interest is a great income to earn passively. However, I would just recommend to you holding your bitcoin instead of trying to invest to some sites that are relatively unknown to others. Heck, if someone made a site where you can invest which gives out compound interest, id doubt anyone would not know about it. But I have no idea which investments give us compound intere
Best example would be banks. Banks pay compound interest on deposits which inherently benefits the depositors of that bank. |
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Seven most imminent trends everyone should get ready for in 2020 by Bernard Marr. Blockchain technology too got its place secured among the list. - Artificial Intelligence as a Service
- 5G Data Networks
- Autonomous Driving
- Personalized and Predictive Medicine
- Computer Vision
- Extended Reality
- Blockchain Technology
What you all think of these with comparison to the blockchain technology. Each and everything mentioned were completely associated with the technology based development and someway each gets associated with the other by some means. Source : The 7 Biggest Technology Trends In 2020 Everyone Must Get Ready For NowBlockchain is the only thing on the list that most people really do not know to be fair. Most people, even those that are laymen in the tech world know of at least the possible existence of AI's and such. This should really place Blockchain technology on the forefront of the world and hopefully push people into believing in the effectiveness of it, thereby placing crypto as well into a favorable place which is really great news imo. |
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Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
Just like what others have said, bitcoin has no team managing it because it is bitcoin. Besides, what you are saying is a problem that isn't even called a problem. The development of bitcoin as a coin itself is managed by different contributors who would want to develop bitcoin to a brand new age. Besides, bitcoin stands as the forefather of most coins and can be seen as the one who depicts whether other coins would rise or fall. Saying that bitcoin has issues means that the pillar that stands tall above other coins is just a piece of wood and not really something people would call a "pillar". Also note, bitcoin isn't competing with others. Others compete with bitcoin. They try to surpass what bitcoin did and so far, they could do nothing but just stand and watch as bitcoin is still the overlord of cryptomarket. |
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Buy low and hoard those coins, you will not be disappointed if you do. <It might take 1 month or even 3 years, but I would rather be prepared ...than jumping the ship and being out of coins when it happens.>  Words of wisdom right there. Bitcoin is sometimes really unpredictable and would spike up at a moments notice without any warning. This has happened a lot of times and yet people still get scared and panic sell their coins when the price is at a low. When it comes to investment in Bitcoin it is better to look at it for a long term sight rather than just a short sight where if the price drop happens they would tend to panic and sell.
Honestly, short term investment in bitcoin can be looked at as a waste. Just like what you said, longnterm is the way to go. Patience is a must when holding coins and honestly, those without such characteristic can hardly profit in the crypto market. |
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What do you think of this chart?
Everything until now (even the recent re-accumulation phase is just as planned). Can the push reach the new highs like 600k? The date says 25. may with libra effect included in the growth.
It sure would be nice if it really did reach 600k. But thats not just possible even with the technicaly analysis done. And besides, technical analysis may say so but it doesnt necessarily mean it'll happen 100%. We wont really know what will happen to bitcoin in the near future since everything that is said about it would just be speculations so all we can do is just hold and hold. Just reaching back to 12k or 13k is really enough for me. Realistically speaking anyway. |
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We all ready see this, prices specially Property rent and buy prices are going higher.
Do You think its coused by inflation?
If so do you think the gold and btc Will be hedge?
I think the assets prices going up in Europe, USA, Australia Central Banks just started money printing those 3 countries wich i mentioned above
As we Know in canada there is about to start Economic recessions If they dont start rate cuts like USA, EU, AU just did.
Uk Economic situation is 50/50 it can go down.
Do You personally feel that Fiat Currrency losing slowly puraching power?
I do feel that, but the problem is i cant buy groceries food and daily needs with Bitcoin first i have to Exchange my btc to Fiat, so the Bitcoin and gold is Not really Solution for that problem!!
Gold is a lot better of an option to use as a hedge than bitcoin. Bitcoin, on the other hand, is a lot more volatile than gold and could change rapidly in a short span of a few hours so you can't really use it as a hedge. Inflation can rapidly change the price of commodities in areas affected and as volatile as bitcoin is, it couldn't really support you when inflation comes. Besides, crypto hasn't really been able to spread globally or at least is not yet accepted globally so it is difficult to turn to it as a hedge. You can hold bitcoin by using a part of your current assets but reserving some in case of emergencies is needed since you cannot ensure that the amount you used to buy bitcoin would still be the same when you sell it. |
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I reckon many people have seen the latest “Smile-to-Pay” facial payment technology that are introduced in China. Large companies like, Tencent is using this in their popular WeChat app and other companies like Alipay are spending millions to develop their own technology like this. https://www.theguardian.com/world/2019/sep/04/smile-to-pay-chinese-shoppers-turn-to-facial-payment-technologySo, do you think this is a truly revolutionary payment option or is this just an extension of the Chinese surveillance goals? Now, you cannot deny that you made a payment or that you were involved in a payment, because every face is unique. Will the millions of people in China blindly adopt this technology, because these platforms are widely used already or will they opt for something a bit more anonymous like Bitcoin? <The Chinese people are very disciplined, so I think they would just bend the knee again and go for facial recognition.> The convenience is also a big factor, just imagine leaving your home to go shopping without a wallet or anything to remember... you just take a product or pay for a service by looking into a camera and you pay with your face. Let's discuss. It's a really nice step towards progress and security though. Adding facial recognition to fingerprints can really help secure bank accounts and such. But it's also bothering at times since like every transaction you make, your face is recorded and basically every company now has your face. They can use that then to basically gather information about you and stuff like that. Well, facebook almost does that at the same time since you use your face as your profile pic at the same time, but that has your guarantee and you can adjust privacy settings to whom can see it and such. On the other hand, once the pic gets to the company, you don't really have control anymore as to where it goes to. |
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Sports betting is broader than most beginners think. It takes many forms. It’s not limited to placing your bet on who you think will win between two teams or players in a match. Sometimes, it gets challenging when odds or point spreads get in the way. There are various bet types you can choose from when placing wagers on sporting events. But which of these earn you the most money? - Straight bet
- Money line bet
- Total line bet
- Parlay bet
- Head-to-head bet
If you do not know these betting types much, here's an article to help you understand them better: https://www.bitcoinsportsbetting.co.uk/news/most-common-types-of-sports-bets/The best type to go for would either be Money Line or Straight imo. Total line and Parlay are a bit risky but Parlay can give you the most money you can get if the risks are much higher. The higher the risk the higher the profit after all. But you can just go for Money Line and try to see whether the team with the lower odds has a chance, you can try your chances there. Most cases in sports betting just depends whether the underdog has any chances of winning so you can just get data in your hands about the teams and try to make up a plan on which types of bet that can make you profit more. Different types of teams may give out more profit in some types of bets than others after all. |
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Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...
As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.
You've already stated the fact of bitcoin dominating the crypto space. It was its pioneer. Almost if not all price of coins are affected whenever bitcoin price increases or decreases and that's why the bitcoin market is the one that is always watched by the people since it pretty much dictates how some coins rise and fall. Of course, this makes it very difficult for some coins to survive since the meaning of altcoins was to fight off bitcoin at its throne and try to surpass it. Observing the current course of events from the past few years, none had been able to shake the foundation of btc at the market and I would really doubt there would be one in the near future. |
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Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
Nah I don't think so. It defeats the sense of what cryptocurrency really is. Crypto was made when technology was advancing forward AKA most of the transactions were made through online management. Creating a physical appearance or existence for the representation of crypto is degrading its status as cryptocurrency. Besides, it's a waste of trees and other resources which could have been used in a lot more useful applications rather than using them to create paper and coins. |
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