Some analysts are of the view that Bitcoin Price could reach a peak in December that is double the price now?

An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.

I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.

What do you think about this argument?

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

If we talk about crypto-currencies in general, it will be more correct to immediately split bitcoin and all other crypto-currencies, the so-called altcoyins.

So, it can not be denied that many ICOs today are forms of financial pyramids.

However, this does not mean that absolutely all alternative crypto-currencies are a fraud. Some altcoyins have a very clear and transparent pricing model. And in fact today, in my opinion, such crypto-currencies as Ether, Dash, Ripple, Litecoin, NEM, Monero and others really create value, and their price is due not only to pure speculation.

As for bitcoin, the fantastic increase in its value in recent times, of course, does not cease to excite the minds of critics, but in reality it's quite simple with him.

The first and most obvious difference between bitcoin and the financial pyramid is that there is no central beneficiary. Theoretically, of course, there are very old wallets with a very large number of bitcoins, which in some sense can be considered such a beneficiary. However, there was no official central beneficiary, and without its presence the pyramid does not make sense.

The second important difference is in bitcoin with the growth of the user base and with the growth of downloaded money, the value grows, because in any economic system this value is directly related to the number of participants in this system. Moreover, given the fact that the volume of the economy is always proportional to the square of the number of participants, and not to the number itself, the value of bitcoin grows much faster than the user base grows, and it is not necessary to talk about inflating a bubble.

And, at last, one more factor is that at bitcoin there are no obligations to anyone. That is, bitcoin never promised anything to anyone, so bitcoin as a pyramid, in general, can not collapse. Bitcoin is only a financial protocol for making, validating and storing information about transactions among network members. The bitcoin code is publicly available, each participant can explore the logic of the entire network, and some participants can not just grab the bitcoins of other participants.

Given all of the above, I can conclude that bitcoin does not fall under the definition of the financial pyramid.

What do u think about what do you think about my thoughts? Do u agree that bitcoin is not a financial pyramid?

Hi guys
I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down
But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure

1. Download latest BTC client
2. move to a pc not connected to the internet.
3. Create an address on that PC without internet.
4. Send fund to address created on PC with no internet access.
5. Save keys in safe place

Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ?

Sorry if my question has been covered many times, but I just don't want to make a big mistake.

Thanks
Rick

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?

Someone just pumped BTC 100 USD
It is impossible for rational thinkers to make sense of this market: Whales and pump and dump entities have destroyed it.
In addition BTC pairs are on the way out and will make BTC worthless.

i believe ideal transaction fee for bitcoin transaction should be $1. it will be much more helpful for traders in my eyes. though people has different opinion.

Many quarters object to bitcoin on the basis it does not have "intrinsic value".

What then is is the intrinsic value of (fiat) paper money?

The ability to arrange the use and value of all other things.

Bitcoin is immune to multitude of actions that a gov may take by quantitative easing, interest rates, capital controls, etc and emerges as a better means to value all other things and arrange their use.

A central plank of bitcoins intrinsic value and arrange the use of all other things.

There's a multi Trillion proposition right there.

Paper money eventually returns to it's intrinsic value -zero

You made my day...
Bitcoin just broke whole goverment yeah? Because they can't tax businesses which use bitcoin? Cmon man, if things would be like that, believe me, bitcoin could be more widely used than fiat because no one likes paying taxes and while people do dirty job in order to hide incomes, if there was bitcoin as a legal way, business owners would make you to turn into bitcoin in any way for their sake.

 I didn't forget the VAT, that's the tax I'm referring to in red above.  It's not called VAT in every country.  We call it sales tax in North America and it can be federal, provincial/state, county, city or some combination of those imposed.

Why the hell would someone open a trading school/university? Trading is related to market and economics. So you will need to know the basics of the economics and market in order to understand how to trade. You can google and learn how to trade to make profits. Lots of youtube channels and blogs are out there to help people trade.

I don't know about any courses dedicated to crypto trading, but there are indeed many courses regarding trading forex etc..

I personally have learned about different kind of indicators and technical analysis in general from this site : http://www.fxacademy.com/

There is also a paid course from investopedia, but it was too expensive for me as a noob : https://www.investopedia.com/articles/forex/08/forex-trading-courses.asp

I guess one can learn about the various methods used in technical analysis and implement the same in crypto trading.

Well, taxes also don't automatically get removed from your bank account either...
It would be the same if Bitcoin became universally used. Governments would just accept payment in Bitcoin, but you would be responsible for making those payments and reporting your income etc.

Also, isn't it nice that they have this big ledger (blockchain) to see what kind of income you have received.

 Wrong.  If you pay with Bitcoin at a business, the business will collect the tax owing on your purchase (it will be part of the total price).  If you get Bitcoin as income, generally the company you work for will remit the taxes to the gov't.  If you don't pay your property tax, your property will be confiscated and sold for taxes owing.  You don't have to worry about governments; they'll get their money out of you one way or another.

 

Obviously if this happens, a lot of new millionaires, billionaires and maybe even trillionaires will be born. Do you think this would have a large impact on society? Would this cause nocoiners to become the new low class? Would prices of every day goods rise? Would Fiat currency even be worth anything? Or would we just have a lot of new money in an otherwise unchanged society?

(Hopefully) obviously, this post is purely hypothetical and in reference to John McAfee's prediction.

Hey everyone,
Today we saw sudden fall on btc.so I was thinking is this right time to buy some btc or wait for more dip..what do you think..
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Dear Community.
I would like someone to develop a mobile application to consult and write in the forum easier than surfing in a browser!
I'm begging please !    

I hope so! Is there any technology that exists right now that I'm not aware of that allows for goods & services to be purchased or sold online or in person the way we use Venmo or Paypal?