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Lowering interest rates will put more disposable cash into people's pockets and that means more money to invest in high risk investments like Bitcoin,but most people are already living on the bread line, so they will just use that extra cash to survive or to make more debt.
I already see loads of people asking "How can I buy bitcoins with credit cards" and that is not a good thing to do, even if that credit is cheaper with interest rate cuts. Please DO NOT use credit to buy Bitcoin! …… It is the worst decision you can make, because profit in Bitcoin is not guaranteed!!
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Well, the report ends by asking the question : The Nakamoto identity : Does it matter? ….and this is actually the most important question to answer. Yes, Satoshi own over 1 million coins, but Satoshi never touched those coins. Why would he suddenly expose himself by trying to cash out those coins? Would 1 million coins destroy the Bitcoin price, if it was dumped? I do not think so and it actually does not matter, if you are invested in Bitcoin for the right reasons. We are Satoshi Nakamoto now and we own +/- 17 000 000 coins.  We do not need Satoshi Nakamoto to succeed, because his legacy remains in each person that owns +1 Satoshi.  |
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Predictions are like turds, everyone can make them.  Some people are very invested in this technology and they deem it necessary to spread FUD like this to get other people hyped up to buy more coins. So when other people buy more coins, the demand increase and with that the price, so their investment increase in value. So never listen to the predictions made by people who are invested in the technology that they are pushing with these predictions. Analyse the data and the year on year average increase in the price and make up your own mind. |
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A book that I really enjoyed was Digital Gold : The Untold story of Bitcoin by Nathanel Popper. It is books like this that open people's eyes to the potential of this technology and how people are screwed by the Fiat system. The true value in Bitcoin is summed up into one word, FREEDOM and once you get a taste of that FREEDOM, you just want more and more. The rabbit hole is in front of your eyes and books like this shows you the way to the entrance. |
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I think it is clear that he is not "into" Crypto currencies, but he does not mind getting profit for free. The $2000 is insignificant, compared to his other investments, so it does not bother him at all.... he can just poke a finger at it and wait for it to Moon.  I do not like Gold & Silver and stocks and bonds, but I own some of it, because I NEVER put all my eggs in one basket. He can decide what percentage of his wealth must be in high risk investments like Crypto currencies, so let it be. <We have to decide on our own and not forced to buy specific commodities or financial tools>  |
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When you trade with small amounts like that, your trading fees eat at your profit. So if your exchange charge a 1% trading fee, you would be paying +/- $5 trading fees when you sell or buy those bitcoins. You also risk not having any bitcoins when there is a sudden spike in the price. The reason for that is after you sold the BTC, you have to wait for the BTC price to drop, to get buy BTC again. I started with a small amount and constantly bought BTC until I had a bunch of coins. I then used the "buy low & sell high" strategy and kept some of the profits to get the money back that I initially invested. <So you bought $500 worth and you have to get that back, before you can be risk free> Break even first and withdraw small amounts until you get your initial investment and then continue trading with profits and not your own money. |
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It is one of my favourite pass times to visit the Gold bug forums and then to post something clever about Bitcoin. If you want to see a cluster fuck... then do the same... they hate it. The truth hurts most, if you expose their lies and that happens frequently. I have been banned from several of these forums and most excuses was posting "spam" ….so anything related to Bitcoin on a Gold forum is classified as Spam. Disclaimer : I have some Gold investments as part of my portfolio, but it is relatively small. |
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~ I didn't realize there was a betting section on freebitcoin until now  I never noticed it before Yes, there is a betting section on freebitco.in, and some times you can get a pretty attractive odds there, like today on ICC CRICKET WORLD CUP - AUSTRALIA VS SOUTH AFRICA. I bet on South Africa because I will get 5.17x multiplier in case of winning, while on other sites it's between 3x and 3.5x. It's ending in less than 3 hours, so you better hurry up if you want to use this chance. I'm not saying South Africa will win, it is no accident most people bet on Australia, but it's not that South Africa has no chances at all, so I think it's worth trying. You most certainly missed all the South African games played in the World cup so far, because they only won one or two games and they are second or third from the bottom in the rankings. You got to be crazy to place a bet on them, because they really suck. Oh, well.... I take some outside chances on some of these bets too, just on the off chance that these teams or individuals might have a great day and end up winning something. I even bet on some of the stuff, I have no clue... so I just follow the majority. Where are the eSPORTS? <StarCraft tournaments?> |
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These criminal must be convicted Bank employees, because most money laundering happens within the Banking industry. In most of these cases, Bank employees work with drug cartels to launder the money for them. In the event that these activities are exposed and mentioned in the media, these Banks simply get a slap on the wrist with some small fines and all is forgotten. Bitcoin is used for many other legitimate transactions every day, but that is seldom mentioned, because it does not fit their agenda. <The media always search for some clickbait content and then they blow this out of proportion.>  |
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Oh no, Facebook hiring forum trolls now to shill for their Libra coin? Just shows you how short sighted and gullible the creator of this thread is. He lists all the negative aspects of Bitcoin and then he praise Facebook's Libra that are built on the same concept. The only difference is that Libra would be backed by a centralized organization with bags of money to fund a major marketing campaign for their new shitcoin. Fools like this needs some physical asset or large organisation or even a government to back their so-called true currencies, but they ignore the disadvantages and history of these currencies and how many of them are failing. Fiat currencies would have failed more with the previous global financial crisis, but they were bailed out with tax money from the government. |
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Ok, if we are going to cherry pick statistics, then why not measure something that money cannot pay for.... "A total of 40 workers were killed in accidents in gold mines last year...." South Africa. - Source : https://city-press.news24.com/Business/gold-sector-still-leads-in-mine-deaths-20190301People are worried about rubbish like this, but they forget how many lives has been lost in mining for precious metals and these lives cannot be replaced with any amount of money! The waste water of these mines are killing loads of animals and plants and some people too, but that is nothing... right? So, is the electricity used for Bitcoin mining really that destructive or are they just looking for a stick to bash Bitcoin? Exactly. They only talk about how much energy is used but they don't talk about how it is produced. The energy produced for bitcoin mining us nowhere near as damaging as cutting down forests and destroying nature to make space for huge machines to excavate a dig up all the land leaving a huge landfill and destruction in their wake. It is dangerous as hell to mine and it must be scary too. People die all the time mining it's not even big thing it is to be expected. They do not mention it, because it does not suit their hidden agenda. The Goldbug forum is a very good example of this, because those people hate Bitcoin. <I frequently visit those forums to troll a bit and they get very agitated when you talk about Bitcoin and Crypto currencies there> We have not even touched the water pollution and water usage of these mining operations and the massive fans that are running 24/7 to provide air for the miners. They also run water pumps 24/7 to pump out all the ground water that collect in the shafts and also use a lot of water in the drilling process. |
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to stop the illegal money trade the government blames for rising inflation. This is the root of the problem. As I mentioned earlier in this topic, the government have done little, if anything, to address many of the factors which resulted in Zimbabwe's weak economy and hyperinflation. They blame outside causes, even blaming the foreign currency which kept their country afloat over the last 10 years, whilst ignoring the fact that their decision are what resulted in Zimbabwe's farming and manufacturing sectors all but disappearing, the state sponsored violence and suppression means no citizen trusts them, etc. Banning their citizens from using a currency they are all dependent on, and has formed the basis of their economy for the last 10 years, is unlikely to do very much to improve the whole "we don't trust the government" thing. They've launched a new currency in the same (or maybe even a worse) economical climate which caused hyperinflation of the last one. The results will be the same. This is why Bitcoin is a much better option than local reserve currencies. You do not have a government forcing you to use their reserve currency and you are also not told how much you can take out of that country. Bitcoin gives people true financial freedom, but most people do not appreciate this, because that privilege has not been taken away from them...yet. People in 1st world countries have strong currencies and they do not need protection from their own government, so they simply ignore this threat, but when this happens to them, then they suddenly look for other alternative currencies. <Example : Greece> |
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Hello, everyone.
I have a few questions. Can you help me with?
1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?
2. How the buy and sell process looks like? it is easy or not?
3. Can you share with me how your process look like?
4. Which app or site do you like and why?
Cheers,
Lukasz
Well, with regulated exchanges like Coinbase, you will have to jump through the KYC/AML requirements <submitting all those sensitive documents, to give them proof that you are who you say you are.> So if you are not willing to give out that information, then restrictions on how much you can buy and sell and withdraw, would come into affect. The process is simple ; Find a reputable exchange - register an account - Verify your details - Deposit fiat into your account - start trading. It is really that easy. |
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Well, a lot can be said about the smart people that are invested in Bitcoin. A guy like him with his roots in Facebook and SnapChat stand as evidence for that. It is only the old guys like Warren Buffet who needs to be educated by the younger generation now, because they only support old financial products that were taught to them by old school financial gurus. <Also, with the right contacts, you can control the market to exclude the middle class and poor people.> |
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The problem started with this --> http://www.702.co.za/articles/353581/zimbabwe-bans-foreign-currency-reigniting-fears-of-hyperinflation and I quote, " Kasumba discussed the banning of foreign currency in Zimbabwe to stop the illegal money trade the government blames for rising inflation. Until it introduces a new, permanent currency, the RTGS dollar remains the only legal tender." So you have a government that wants to shift the blame for their weak economy and bad political decisions onto something that would clearly not help to solve their problems. Zimbabwe alienated the world, when Mugabe was still in power and after he was replaced, things just went on as normal. The problem is much deeper than foreign currency use and people are using these alternative currencies to protect their wealth from hyper inflation that are out of control with their own reserve currency. |
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Well it seems as though the common trend in the regulatory framework in the US is for the SEC to apply bans on services that offer securities on their Bitcoin platforms. Securities have always been over regulated and you have to apply with the SEC to offer these services. So the clampdown on services where there are a possibility for security fraud, has been the focus point for the SEC. Yes, the SEC's main mandate is to protect the consumer, but I think their hidden agenda might be to protect the interest of a few super rich people in the inner circle of global finances. <The strict regulations also serve as a barrier to entry for the middle class and poor people> |
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Miners always follow the money train and with the increase in the Bitcoin price, a lot of the Alt coin miners could have shifted some hashing power to mine Bitcoin. They would see a much better return on their investment, if the Bitcoin bullrun starts in the future. The Alt coin price did not increase as much as the Bitcoin price, so they focus on the coin with the highest probability for profit. The more miners shifting hashing power to the Bitcoin Blockchain = a increase in the difficulty. So things will return to normal, when more miners abandon Bitcoin mining because of the increased difficulty. |
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A lot of them are doing it during their spare time and as a hobby, without being paid. Not all are working for a blockchain company and they will surely continue if they're hired.
Bitcoin is something and the blockchain is something else. It's like asking will you continue to play football with the high demand for Mac Donald
Yea, sure.... but I have had some very bad experiences before when I hired a building contractor and these guys worked on 5 or 6 different projects at a time. When you have to split your time into several different projects, you might neglect the projects that does not pay you for your time. Some employers also hire people with specific clauses in their contract that stipulate that they are not allowed to work on other projects that might be direct competition to the work that you do for them. <Conflict of interest> |
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UPDATE : It looks like India’s Prime Minister Narendra Modi made a complete 360 on his opinion on Crypto currencies at the latest G20 Summit in Osaka Japan. See : https://bitcointalk.org/index.php?topic=5161176.msg51701972#msg51701972I think they were uncertain about the technology and how to regulate it and now after the G20 Summit, they received good guidelines with the FATF standards that was provided. India might even become one of the strongest supporters of Crypto currencies, if they apply these standards. |
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Some key points to consider for our African brethren: - Little to no framework for the internet.
- Not everyone has a computer at their disposal, let alone mobile devices at hand.
- Money is directed towards food and water rather than tech
These alone are sufficient and hard evidence that bitcoin isn't helping poor African countries at all. Sure humanitarian causes can be a bridge to the gap, but still, it's not the citizens themselves using the tech but rather different people using it for them. As much as people want bitcoin to be the savior of poverty and world hunger, it simply isn't the case and perhaps will never be. I beg to differ from you. I do contract work for my company in some of these African countries and even people in rural areas have access to mobile phones and even internet access. The cellular networks has spread like wildfire in these countries and a lot of them are already using M-Pesa on their mobile phones to do financial transactions. The 1st world countries are also dumping a lot of old used smart phones in Africa, so these people are buying cheap used phones for next to nothing. |
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