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641  Economy / Economics / Re: Bitcoin has defeated gold on: April 16, 2018, 06:20:57 PM
Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.
Even with the fact that bitcoin is not worth 1260 dollars, and about 7800 dollars, vseravno I think that bitcoin has not won and will not win gold. First, gold is measured in ounces, and bitcoin in satos. Why then do not compare the cost of an ounce of gold to the cost of satosh? With this approach, the result will be the opposite. Secondly, bitcoin and gold are values ​​that can not be compared with each other. Each of them has its own functions and tasks. Gold existed long before the appearance of bitcoin and will exist for a very long time, perhaps bitcoin will survive for a long time.
642  Economy / Economics / Re: Can Bitcoin Volatility Be Controlled? on: April 16, 2018, 05:28:09 PM
I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).

Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?

It could definitely be controlled.

An example of this would be, say we have a bitcoin stability fund that holds half of its assets in bitcoin and the other half in USD. The fund has to be quite large, at least $10 million to make bitcoin really less volatile. The idea is simple, if bitcoin goes up, then the bitcoins are sold to offset the rise and bring bitcoin back to its normal resting level. And bitcoin goes down, the USD is used to buy into bitcoin causing a rise.

However, this is only going to centralize bitcoin. And that's not something that anyone wants in my opinion. And bitcoin should be volatile, it's actually quite attractive to investors this way. If bitcoin is pegged with USD all the time, then whats the difference between bitcoin and USD?
The idea of ​​creating such a fund is perhaps the only way to eliminate the volatility of bitcoins. This is practically one of the main functions of Central banks in a particular state for national money. Therefore, although this idea is not new, but probably the most effective one. However, in this regard, a lot of questions and problems arise. Immediately the question arises: who will create and from what funds this fund and who will control its work?
It seems to me that the creation of such a fund will be very problematic, since many will see this as a threat of centralizing bitcoin. I think that with the increase in the cost of bitcoin, its volatility will also increase.
643  Economy / Economics / Re: Does this mean Cash will be extinct? on: April 16, 2018, 05:07:50 PM
Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Transition from cash paper money to a non-cash form of settlements is possible only in a technologically highly developed society with a high level of income. If Sweden believes that by 2023 they will be ready for this, let them try. However, I do not think that everything will turn out right away. I think that in this country there will be problems with such a transition. In any society there will be groups of people who will not want to get rid of cash, which is very convenient to use in some cases. However, this will be a good experience in this respect for other countries.
644  Economy / Economics / Re: Will future paper money disappear? on: April 15, 2018, 06:43:08 AM
Crypto currency, of course, will gradually squeeze out paper money from circulation. However, this will happen until certain limits. In technically advanced states, this displacement will be manifested more vividly and on a larger scale. However, in general, I think that until we can not do without paper money. When in the future the role of a separate state will be eroded, and the population of the planet will approach the stateless society, then conditions may arise for the disappearance of paper money. While in the world there are constant conflicts of economic and political plan between the states, until then the need for paper money will exist. And a certain part of the society simply does not want to switch to other methods of payment.
645  Bitcoin / Bitcoin Discussion / Re: Should bitcoin have risen a little slowly? on: April 14, 2018, 04:51:15 AM
I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and  governments.
Absolutely right. If the price of bitcoin grows slowly and will correspond to the qualities and new functions that are being improved in it, then it will successfully develop and grow. However, if it rises in price sharply on the basis of speculative speculative demand for it, as in December last year, then the same troubles as now, it is expected in the future. And such another unpredictable rise in price may end the next time for him very badly and he can afterwards practically depreciate.
646  Bitcoin / Bitcoin Discussion / Re: In war, price of gold/bitcoin goes way up on: April 14, 2018, 04:27:32 AM
Today is April 14, the war, thank God, no. However, the situation with tension between the US and Russia due to the conflict in Syria is indeed growing. Therefore, everything can be. If the war is local, then the price of gold and bitcoin will indeed increase. Well, if something more breaks out, here bitcoin can already die with the Internet. So let's hope it does not come to this.
647  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Still Good to Make Investment in it on: April 14, 2018, 03:58:28 AM
Well said with the example of the tree and its fruits, as well as faith in bitcoin and our own choice. Only crypto currency is not religion. Religion is based on faith, and bitcoin and other crypto currency is the fruit of technological progress, and here one must first of all rely on technology knowledge. Although both the religion and the crypto currency have their origin in a virtual, invisible world for us, and in this they are certainly similar.
648  Alternate cryptocurrencies / Altcoin Discussion / Re: Who uses myetherwallet? on: April 13, 2018, 06:12:26 PM
I've been using MyEtherWallet for a long time and he never let me down. Very good and convenient wallet with a very good level of security. Having its secret key, it can be accessed from any device. Also in it there is a very good function etherscan.io, which allows you to check the contents of the wallet without going into it, and also to check the transactions that have been performed.
649  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty Money on: April 13, 2018, 05:47:27 PM
Some people just participate in the bounties and wait for few years. they don't sell their bounty rewards for low fiat reward. Ironically those people become FIAT millionaires. Cheesy
Thx for bounties! Good jewelry.


Not all tokens obtained as a result of participating in signature campaigns should be kept in their wallets for a long time. Many coins are subsequently useless and after a while lose their value and permanently depreciates. It is necessary to keep only promising coins, that is, those in whose projects you are sure. Sometimes, of course, it happens that all received tokens are promising and all subsequently went up in value. However, I think that this happens rarely.
650  Economy / Speculation / Re: Bitcoin will rise to $250,000 by 2022??? on: April 13, 2018, 04:52:24 PM
Hello, everyone!
Tim Draper says that bitcoin would reach $250,000 by 2022. “Believe it. It’s going to happen, they going to think you’re crazy. It’s gonna be awesome,” Draper told the enthusiastic onlookers.
What do you think about it guys? Is this a possible future for the BTC or another provocation?

https://www.marketwatch.com/story/bitcoin-will-rise-to-250000-by-2022-says-tim-draper-2018-04-13?dist=markets
Course in 200 000 dollars for bitcoin in three years? I do not think that this is real, given the current circumstances. After bitcoin grew to $ 20,000, such a large campaign was organized to discredit it and what it ended, we see. Therefore, I think, as soon as bitcoin starts to rise to high limits in price, it will not be allowed to do it further. Again a lot of negative information will appear and bitcoin will fall again. In addition, one should not forget about such people as Mt. Gox, who will throw out their bitcoins for sale.
651  Bitcoin / Bitcoin Discussion / Re: Japan plans to become the Bitcoin capital of the world. on: April 13, 2018, 06:07:27 AM
It is possible that this will happen. In Japan, they are very loyal to the crypto-currency and from the state, and it is very well received by citizens, where they show great interest to it. In this country, a very large amount of transactions in bitcoin, there is a fairly good legislation for the circulation of crypto currency and its taxation. However, a very large activity with the crypto currency is now manifested in Hong Kong and South Korea. These two countries will be serious competitors for Japan. It will still be clear which of these countries will be considered the world center of the crypto currency. Although Japan has every chance of this title.
652  Economy / Speculation / Re: Bitcoin can go to new highs or it has already peaked? on: April 12, 2018, 04:34:37 AM
Bitcoin, when he grew up in December last year at a cost of up to $ 20,000, first appeared as a financial bubble. However, this does not mean that it can not safely increase more in price. Simply, it should not be so abruptly to rise, the price should not grow only on the basis of an agiotage speculative demand for it, but should at least partially correspond to an increase in its intrinsic value.
653  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not a currency? on: April 12, 2018, 04:04:15 AM
It is clear that under the classical definition of currency bitcoin is not suitable, because when such a definition was written, the crypto currency was not yet in existence. While we should not pay too much attention to this question. The main thing for us now is that bitcoins and other crypto-currencies should be recognized as legal tender. After a while, the concept of currency can be changed already under the definition of a crypto currency.
654  Alternate cryptocurrencies / Altcoin Discussion / Re: All coins are now dying, what do you think? on: April 11, 2018, 08:44:31 PM
The entire market is in the red. Everyone has lost money. What do you think?
So far we can only observe the long-term decline of the crypto-currency market. It is very bad that after the fall of the bitcoin course, he pulls down almost all the coins and tokens with him and they all lie on the price day together with bitcoin. In this situation, practically no crypto-currency market exists in Russia. When each coin or token will conduct its own pricing policy, then only we will have a market. At the same time, it can not be said that coins and tokens are now dying. They are still lying near bitcoin and are resting. The market will rise, our coins will also grow in value. It will also not be correct to assume that we have already lost a significant portion of our coins due to a drop in their prices. Until we sell our coins and tokens at these minimum prices at a loss, until then we have not lost anything.
655  Bitcoin / Legal / Re: Not Yet Legal But Not Banned on: April 10, 2018, 09:22:54 PM
Yes, this year more and more countries will consider issues of legalization of the crypto currency, and along with this, along with its taxation. Therefore, the absence of a certain status of bitcoin and other crypto-currencies simultaneously means the absence of taxation. Therefore, in the future, we will be able to recall this golden time, when we could freely perform any actions with the crypto currency, without fear that this action will be taxed.
656  Bitcoin / Legal / Re: Japanese Goverment Reviews Proposal to Legalize Initial Coin Offering(ICO) on: April 10, 2018, 09:14:27 PM
I'd have to see the details before getting my hopes up. They may legalize ICOs but in which form? After transforming them to securities for accredited investors with a net worth of over $1 million like the US?
Japan is much more friendly to crypto currency than it does in the US. Therefore, I think that the conditions for legalizing there initial coin issue (ICO) will be loyal and acceptable for practical application. The very same legalization and at the same time regulation is long overdue, since this activity attracts scammers very much. Normative acts on the regulation of ICO are also being prepared in France and Russia.
657  Bitcoin / Legal / Re: Is Russia is on the way to adopt cryptocurrencies? on: April 10, 2018, 08:55:12 PM
I do not yet believe that under Putin's regime in Russia they will allow their citizens to freely use the crypto currency. Even Putin on this occasion expressed such contradictory views that his position regarding the crypto currency is difficult to understand. Until the appropriate law is passed in Russia, I will not believe it.
658  Bitcoin / Legal / Re: Bitcoin as property on: April 10, 2018, 08:42:37 PM
I am not totally convinced with this 'though the possibility is there, the thing is,  how can we consider it as property if bitcoin is only existing in the internet and the holder has no control with the price? Property is a thing that no one can control it and also when we talk about property we are talking about the physical thing. Could you please give me more explaination regarding this matter? I do really want to understand it? Thanks.
This, by the way, is a very interesting idea. From a legal point of view, the right of ownership includes the right of possession, the right to use and the right to dispose of any thing to assert that this thing is property. The right of ownership is precisely that for property it is necessary that you really own a digital coin, the right of use - they could extract its useful properties and the right to dispose - to actually dispose of it. If you do not have at least one of these rights, then you are not the owner of a certain thing. Do we have the right to own a crypto currency in this case, if it is actually on the Internet and some hacker can take it away from us because we practically do not own it, this coin does not exist with us? This is really a good reason to prove in court that the crypto currency can not be recognized as property.
659  Bitcoin / Press / Re: [2018-04-04] India is more interested in Ethereum than Bitcoin on: April 10, 2018, 08:22:37 PM
The government of India repeatedly warned the population about the risks of investing in bitcoin, after it first reached its record rate of 20,000 dollars, and then began to decline rapidly. That is, the government reacted to the manifestations of bitcoin as a financial bubble and saw this as a great risk. Perhaps this is another reason why India prefers ethereum, not bitcoin.
660  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Should we limit members in one campaign? on: April 09, 2018, 06:14:40 PM
It makes no sense to limit the number of participants in the generosity campaign in any particular project. The statement that this will stimulate the writing of quality messages is a myth, as always. The forum has already introduced merit. Has anything changed from this? They practically blocked the access of new members to the forum and made earning money in signature campaigns for higher ranks, which by such innovation cut off new competitors with similar ranks. And who will do it? ICO companies that allocate a certain number of tokens to the generosity campaign are not interested in limiting the number of participants, for them the more their number, the better for them, as more of their ICO ads will meet.
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