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6101  Economy / Economics / Re: Does this mean Cash will be extinct? on: October 26, 2017, 07:33:03 PM
We might stop using cash but not now. Maybe after decades. Chances of cash going extinct soon are very low. There are still under developed countries where technology hasn't been advanced yet and has no idea how the internet and modern networking works. So yeah, we might see extinction but not now.
6102  Bitcoin / Bitcoin Discussion / Re: Should I buy bitcoin now? on: October 26, 2017, 07:29:06 PM
The price keeps on fluctuating. If you want to get into bitcoin and believe on it, then you should invest now. It's never late to invest on bitcoin. The prices might go down after you invest, but don't panic and just keep on holding, you will see the price going upwards once again. It all depends on how strong you are and how long you can hold it.
6103  Economy / Economics / Re: Why do people keep saying BTC is dead?! on: October 26, 2017, 07:22:37 PM
I think they don't know what they're talking about, maybe paranoid or a scammer. Keep on posting something like that without a ground, i guess they just want to create turmoil or fear to the holders so that they will sell their btc.
Not paranoid. They do it on purpose for their own gain. Spreading FUD and causing people who panic to sell all their coins, so that they can invest when the price is low. Either that or people who does not understand how bitcoin works and starts screaming "dead" when they see the price fall.
6104  Economy / Speculation / Re: Bitcoin is falling, But don't worry! on: October 25, 2017, 09:46:30 PM
it's always the same, BTC are like ocean waves or a rollercoaster up and down, up and down. Just keep holding and stay at the windows watching the market Smiley
Exactly, because the bitcoin price was not stable and thats the reason why it dump and pump. Holding it was the best thing to do even ots price falling becauae the fact that sooner or later it will increase again and back to its price or maybe more than that. Dont do panic selling because it wont give profit to you, keep holding and in the end you will see how big your profit can get.
There was no pump and dump. People  bought bitcoins to get free bitcoingold with it, just like the last fork. People kept on buying which caused the price rise. Now people are selling off their bitcoins to since they already got thier alt coin causing the price to go down a bit. Give it few more days and we will see a bit stability.
6105  Bitcoin / Bitcoin Discussion / Re: why some country banned bitcoin? on: October 21, 2017, 01:53:45 PM
There is just a "simple" reason behind it. They can't/don't control bitcoin. The government want to take hold of everything. Giving you freedom means making the power of government over you weak. Since they cannot control and regulate bitcoin, it becomes hard for them to keep track of your transactions. They cannot impose tax over you. They feel that this coins will be used only for committing crimes, despite the fact that people also uses fiat to cause trouble.
6106  Economy / Gambling discussion / Re: Can trading be considered as gambling?? on: October 21, 2017, 11:10:09 AM
could be, trading also bet to get profit. people who are trading should dare to make the right decision to risk their money, to buy and then be sold in the hope of making a profit.
I think if we risk something its still consider as gambling but different kind of gambling though, so yeah you are correct trading is somehow a gambling but a good way of gambling our money.
Not really. Gambling depends totally on luck. There are no statistics or data which can be used to predict your luck in gambling. Everything depends upon pure luck. It's like you either win or lose all. But in trading you can collect statistics and data to predict future price which are accurate or nearly accurate most of the time. You can exit out anything with minimum loss. So risk while trading is more manageable and can be minimized.
6107  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin Gold, Price Speculation on: October 21, 2017, 11:06:50 AM
Is there anyone who knows what exactly are the features of Bitcoin Gold? In what does it differ from Bitcoin?
Actually not much is known about bitcoin gold yet. The developers haven't stated anything much about  bitcoin gold. We just know that there is going to be a different proof-of-work algorithm. This fork will allow individuals to mine using GPU while in bitcoin ASIC mining hardware caused general users to get out of the mining scene.
6108  Alternate cryptocurrencies / Speculation (Altcoins) / Re: AFTER THE FORK .. has Bitcoin Gold's price already been factored in? on: October 21, 2017, 10:58:15 AM
I think bitcoin gold will be more of a bitcoin cash. will start at a very high price and then will fall until stabilizing. but it will probably become another altcoin
It is going to be another alt coin indeed. Its just a friendly fork with no intention to compete with bitcoin or bitcoin cash as stated by their own  developers. All they want to do is make mining decentralized "again". They believe that GPU mining will allow everyone to join and start mining unlike ASIC miners which creates a barrier for average users.
6109  Economy / Speculation / Re: Historical day bitcoin price 6000 $ on: October 20, 2017, 10:42:01 PM
The price is currently going nuts and wild. Price went up by ~$400 and ended up reaching $6000 within few hours which is crazy. We can expect to see $7000 before the end of year. Or we might see a new correction after the fork and people are done claiming their free bitcoinGold.
6110  Bitcoin / Bitcoin Discussion / Re: Who can destroy Bitcoin ? on: October 20, 2017, 10:33:49 PM
Yeah. It could be the FUD that could destroy it if we will all believe in it.
Not literally destroyed because that can happen but losing its value until it goes to zero is also like destroying it.
And who else can do that except the ones who believes in it, buyers and the users who keeps on supporting it and have faith in bitcoin.
FUDs won't be destroying bitcoin. It will just be causing some swing in the price of the currency. The fluctuation will be temporary and price recovers soon enough. Recovery stage is fast because after few hours of price drops, new investors sees it as an opportunity to invest on bitcoin when the price is low, which in return caused the price to go backup and stabilize.
6111  Bitcoin / Bitcoin Discussion / Re: Do you use BTC as a digital currency for paying online ? on: October 20, 2017, 10:27:18 PM
No, and the only possible case where I can imagine doing so in the near future is buying VPS or VPN anonymously. Credit cards are much more convenient for online shopping. BTC transactions are very slow and the fees are high (or at least were before the Segwit). I think of BTC as an investment only, a kind of "digital gold".
You should know that bitcoin transactions are not completely anonymous. And why do you think that credit cards are more convenient for shopping than bitcoin? Transactions made through credit cards can be rejected anytime. You credit card information can be stolen without you noticing and others can easily spend your cash. Credit cards always links to you, so no anonymity for you. And sometimes some regions won't accept your card if you are from a different region. You need to fill too much information before you can transact using your card. Too much hassle compared to bitcoin in my opinion.
6112  Bitcoin / Bitcoin Discussion / Re: How long bitcoin will survive ? on: October 20, 2017, 10:05:48 PM
There is no such thing as "bankrupt" in bitcoin. Bitcoin may lose its value, and the price may drop down extremely low, but chances are very low, unless the whole world bans bitcoin. But if everything remains stable, the price will keep on going up. The total coin supply is limited, but the demand for bitcoin will keep on increasing day by day as new investors starts to join causing the price to go up. Just simple economics.
6113  Economy / Speculation / Re: Bitcoin price fall below $5,500. on: October 20, 2017, 09:16:24 PM
Bitcoin prices may reach $ 5,500 after October 25. Because everyone is trying to benefit from division. Bitcoin gold will meet the expectation.
We might see more stability in price after the fork instead of price falling. If everything goes smoothly, the price won't be an issue, just like the previous fork, where price went up when everything ended up being fine. Though this fork is more friendly and won't be causing any trouble to the network, and a bit different from the previous fork, the scenario might be a bit different.
6114  Bitcoin / Bitcoin Discussion / Re: Why do some government ban bitcoin? on: October 20, 2017, 09:12:22 PM
The government hates bitcoin since it is very hard to regulate. Lack of regulation causes criminals less trouble using this currency. Imposing tax becomes impossible for the government. They hate it cause they do not have any control over your money.
To answer your last question, yes your transactions can be traced to you. Bitcoin is not completely anonymous, rather pseudonymous. Google that term and you will understand what it is.
6115  Bitcoin / Bitcoin Discussion / Re: Is Satoshi Nakamoto Alive on: October 20, 2017, 06:37:14 AM
I will for sure appear and claim all the glory which my invention has produce. If he die, no one knows he did that .
His anonymity was extremely essential and needed. Bitcoin is decentralized and with him being anonymous makes it more strong. If he did show up some people might feel that he is the owner of bitcoin network. And since he would be the leader, he would have faced a lot of pressure. He would have been forced to change protocols of bitcoins by the regulators so they could easily regulate bitcoin.
6116  Bitcoin / Bitcoin Discussion / Re: Who do you think will compete with Bitcoin? on: October 20, 2017, 06:20:47 AM
There will not be any such competition. Each coin has it's own value along with its feature. They are going to run side by side without causing any issue. Do know that this isn't any kind of competition, rather than preference based on features. But if we still do consider each coins as a contestant, bitcoin will always be leading on the top. Has its own advantage since its the first crypto to be developed.
6117  Economy / Speculation / Re: This guy predicts bitcoin to be $20,000 in 2 years. What do you think? on: October 20, 2017, 06:17:05 AM
Chances are very low, but not impossible. Based on last few years changes, specially the last  year, sounds reasonable but still with very less chances.  Quite ambitious and should not be surprised with such sudden changes. Though I am expecting to see  $6000+ within/before the end of the year.
6118  Economy / Speculation / Re: Bitcoin price 6000$ on: October 19, 2017, 02:00:45 PM
Is it possible to reach Bitcoin price 6000$ in the month end october 2017?
How do u think? Is it happen? advance thanks for your replies.
Not sure if it will happen within this month, but higher chances of having $6000+ with the end of the year. Too many events coming up which might affect the price of bitcoin. But everything goes fine and no issues arises from different countries we can expect to see $6000+ soon.
Of course it's possible, lot's of things are.
I think around fork time we will see 6000, and after fork we'll go below again.. for a bit at least.
Not really. Before fork we might see some dip in price, but after fork if everything goes fine we will see the price go up just like the previous fork.
6119  Alternate cryptocurrencies / Speculation (Altcoins) / Re: is it better to invest in bitcoin or ethereum ? on: October 18, 2017, 09:16:30 PM
For me, I'm only believe in Bitcoin. Ethereum is also the best altcoin and it has a good potential in the future too but in my opinion Bitcoin will be always King of cryptocurrency world and all other altcoins can't take this place from Bitcoin in at least next 30 - 50 years I think so I only invest in Bitcoin all the time. But at this time price of Bitcoin is really high so I feel that it's difficult for Bitcoin to go farer if no special thing will happen and affect to Bitcoin price.
If you are saying that the price is too high and you can't invest, then remember you don't need to own one whole bitcoin. You can buy fractions of a bitcoin and invest on it. You can also trade with those bitcoin.
And about the price rise, it will keep on rising. As new crypto users or investors increases, demand for bitcoin will increase thus causing the price to go up.
6120  Bitcoin / Bitcoin Discussion / Re: Why are fees going so high? on: October 17, 2017, 07:15:42 AM
I dont know, but fees are being a little bit high right now, i remember that last week i made a payment of twenty dollars and i had to pay four dollars for fees of this transaction, about 35% of what i sent, this is crazy, fees really needs to go down because a lot of people will stop using bitcoin if this will happen to everybody who wants to send little payments.
I do send big payments too, but for those that are little i have to pay a fortune..

You chose to spend $4 on fee. You could have adjusted your fee (most clients allow you to set custom fee) to smaller amount and just wait few more minutes before your transaction gets confirmed. As long as your transaction does not get dropped, your transaction will confirm. I usually send with a  fee of <$0.20 and get confirmed within ~20-30 mins.
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