I think now bitcoin is worthed.
Because in my country rate of gold is very bad...
Bitcoin is an amazing technology and it is evident the only attention it gets is when other modes of exchanges fail, which is very sad to see because it deserves more recognition and usage than what it does now as it is more advanced, helpful and better in al terms as compared to other exchanging modes like fiats and gold. You should learn about what bitcoin is, before you choose to value it based only on the failure of gold in your country. |
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I diasgree, kids shouldn't be teached about bitcoins. We should teach the teens because teens are usually open to new ideas and things, teens love to discover new stuffs, while kids don't really likr that much. Just my two cents  The reason why kids need good education at young age is because they would be much more understanding, open and smart to new ways of finance. People often say kids do not understand money, but kids exactly understand what it is. It is us who complicate our lives for money, for them it is what it is in its most simplified forms. We should teach everybody about btc man . Kids, teens, aunties, uncles, everybody! |
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I have never used it and neither am I planning to do in the future. To use any of these cards you have to make accounts at a third party service such as Bit-x or Xapo etc. and to use these cards you have to keep balance in your accounts at these services and I don't like keeping my Bitcoin funds anywhere but in my secure cold wallet. As far as purchasing the stuff online with it is concerned, you can use your own debit/credit cards issued by your banks because basically that's what these cards are doing it too, any time you purchase something online with these cards from a service that doesn't accepts bitcoin, the coins in your account are sold for fiat and then you use that to buy anything that you buy and you pay a higher fees doing it.
So in short, people using these cards are not only wasting time by buying btc>buying card>using card>paying for goods and services through that card>paying transaction fees and conversion fees> where they could have just used their debit card directly. Either I am missing out on something or I really do not understand what's the use of these cards? Get a card and cash out your investments? NAH |
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Well it depends how deep you wanna go, on the surface scope is obvious difference. The core give and take principle, however, remains exactly the same in both. To answer op's question, there is no situation where one would be better than the other although the illusion of exactly that would be hard to dismiss. Changing from a monetary economy to a barter economy, the shortcomings just get more intimate and that is it.
Yes, understandable that fiat might have not been the perfect currency, making us rethink our options but that option is certainly not barter system. Barter system by far has been awarded the most biggest failure of transactions but the one system used for years and years. As people evolved and used more of their stupid brain, they realized how lame barter is. going back to barter would be dumb downing of our society, especially when we are on a forum which compliments digital transactions. |
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And are these courses and languages useful in crypto coins or are just random courses  In some ways yes as already mentioned in terms of making a website for a bitcoin related project , you could also check Coursera , they offer many courses , before they had algorithm courses which is related to crypto if that's what your after Crypto is a different thing. But joust was telling him the ways and languages of crating a casino website. Yes, I was telling him that: 1: use a premade script and modify it 2: create your own script 3: hire someome to do it for you There are already a shitload of casinos. If you can't make something special or new you will sink. Casinos can never loose. They just win always. Exception is that if a user finds a bug in the website and exploits it. Yes Derrike is right and that's why it is advised to hire a professional to do these jobs and if something goes wrong or there comes any bug due to which a casino looses it's bankroll then we have someone to put the blame on. I don't think any professional would care about any bug, he would only fix it and not take a fall for it. As far as opening a new casino is concerned, I believe that new ventures should always have less competition and provide you monopoly in terms to achieve good business, create a market for yourself and your product. Don't end up being just another online gambling website, there are way too many Yeah, there's a reason he is called professional. He would never sign any papers which state that he would be legally responsible and viable if here are bugs found in future and he would be somebody who has to pay for it. If you are opening a casino, there is a huge importance of right marketing and using the right tools. Find a cryptocurrency marketing agency for you once your product is designed. |
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I have one, but I am not using it, just tried it out. Well, it's a great thing if you don't mind fees. It works great, you can actually spend your bitcoins and pay with bitcoins everywhere. But fees are still very high so for me it doesn't still make any sense using it on a daily basis.
I am sure, that as market matures and competition heats up, the fees will also drop and then these cards will be more user friendly.
You are indirectly cashing out your bitcoins and that is something I heavily advise not to do, you are not actually buying things with bitcoins but exchanging your bitcoins for goods and services, and every time you do, you are also paying pretty hefty conversion charges as well as transaction charges, I don't think these cards could be that great a deal right now. I don't really advise on using it. |
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I like those bitcoin debit cards also... but yes, they only allow for very small transactions unverified. There is no way around it as far as I can tell. All these "money transactions" need to be verified by law to avoid money laundering and criminal activity. Bitcoin is too well known for that by now. I would accumulate the bitcoins, never convert them to fiat and hope you find that person that will sell their house or car to you and accept bitcoins for it. Technically you probably will need to report it on your taxes as "barter" but who knows about it if you don't tell? To be honest I find those bitcoin debit cards pretty useless, they are of no actual use for now. And all of them claim that their debit cards work worldwide in all ATMS. anybody here who actually uses it and has tried it? I don't really understand why would anybody cash out their bitcoins, especially through ATMs. I'd never cash out my bitcoins man, I'd diversify my trades but not cash shit out. |
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The only time I've had any bitcoin losses were because of my own stupidity, most of them which I earned back very quickly, so it didn't affect me much when my btc recovered. My biggest personal loss was 5 btc, I invested in the wrong altcoins. Thankfully, market was going good at that time and I knew exactly how things would be so I traded smart and made 5 btc in 2 weeks by trading only. Shush, secret.
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Good idea to have kids start learning about it as soon as it makes sense. That's how it works: new ideas and concepts get introduced but can take generations before it's generally accepted and not a "novelty" anymore.
The most smartest way to do that is understanding what works for our demographics, our audience. With creative board games involing crypto, it might be fun. Intrducing it in story books and magazines is also fun place for kids to learn, as well as animated movies about it which definitely spark the interest of a young mind. These kids are sharp, games and activities catch their attention as well! |
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I agree that this is a brand new field, as I call it "CryptoCoinomics", as in the Economics of Crypto Currencies. As far as planning for it, that's really a difficult area. How to you plan or predict on macro-economic scale? I would think there will be a ton of math involved to make it workable. Good to see someone is thinking ahead No, you should just call it cryptonomics, it sounds so god damn cool like that man. Ofcourse, its a difficult section to study, economy itself is complicated, and we have involved crypto in it now xD Although it will rather help simplify things in the future, talking about macro-economic scale, it will be a very complicated calculation and I am terrible at math. So yeah, best of luck bud |
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Although I would like to believe that it is highly unlikely to happen, there are many things which could go wrong. There might be many scenarios which might differ from one another like for example, if all the major countries ban bitcoin.. This event is highly unlikely to happen but in a situation in which it does, bitcoin dies. Also, if people start losing interest because price starts going down due to negative publicity and slowly all people stop supporting bitcoin, bitcoin dies. This scenario too seems highly unlikely to happen but if something like this happens, bitcoin can be presumed worthless/dead.
yes it's really highly unlikely to happen since until now the countries that have banned use of bitcoin are less than my fingers count so on that terms the bitcoin world is safer than other terms plus some countries even accepted it with the open arms Yes, recently Australia has been displaying heavy affection towards bitcoins, the government talking about btc positively and even fixing rules and regulations which were not in favor of bitcoin. Either they are very attracted to the block-chain technology or they actually love bitcoin, there are so many services related to cryptocurrency and they are all Australia-based. So cool! |
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The old adage of buy low and sell high, study the trends and drivers, but more important than anything you have to put in the work. Anyone can purchase BTC and sit on it, but to efficiently grow your positions and work the volatility in your favor you must study the market and what causes the swings.
With some hard work and some luck you will be on your way!
it would also be nice if you make some friends who are into trading, who could provide you more insights into what is beneficial and what might not be such a nice investment. And the best tip would be keep away some of your bitcoins into a wallet which you won't touch. The best advise would be that you should follow people who are good traders. learn from the best before you make a fool out of yourself. |
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The government doesn't actually just print money to control the amount of money in circulation. The fed decides rates the banks will pay to transfer money and to borrow money, and these rates affect the amount of money banks lend out and thus the amount of money in circulation.
I always believed in a world where the government is compassionate about its people and everybody wants to help each other and make lives better (except certain assholes) just because we leave in a society. I realized that I was living a lie and was just delusional, now either people can call me cynical or too negative, I learnt so many things about this world and how dark it truly is. Our govt is an asshole, and I really hate dollar/fiat now. |
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I'm not having any of these skills that you have listed.
BTW can you tell me some programming languages and which programming language is easiest and which is the toughest.
I'm an easy learner and grasper. So I can learn those.
well im not familiar with any programming languages , but I've heard over the years the name of python a lot , maybe php,sql,css as well ... their are some good courses that you could take online but none of the good one's are free , so you have to pay for their lessons and usually it takes couple of weeks to complete And are these courses and languages useful in crypto coins or are just random courses No they are not random, they are for website development, since you want to start a casino site, these languages are good! I think it would be better if you start with the basics, the most easiest computer language to learn is hypertext mark up link language, otherwise known as HTML. It made my roots very strong and helped me better in understanding more web based languages. I advise you to learn C+,C++ too because they would also serve as a great base to learn more software based software. He want to start a website, I wonder if you need c+/c++ for that, but sure how more you understand the better it is. The only reason I advised him to learn about C+/C++ is because he seems to be enthusiastic to learn computer languages, even if he wants to make a website and understand the working of the internet rather than just limit to the machine, I think it will be better to learn C+/C++ to because it is easy for beginners to start with. I think that knowing a lot of languages is always good, not only are you a computer literate, but capable of being a professor one day xD |
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With mass adoption of bitcoin, other cryptocurrencies which compliment bitcoin like litecoin would also see a significant increase in their adoption rate, because they use similar tech but less features and trend. There is absolutely no gaurantee that bitcoin may survive or nah, either it could be worth a lot or nothing, you just don't know. Those are the words of Satoshi itself, the founder of bitcoin Oh I didn't know he said that , so this means there's actually a chance of dis-appearance of bitcoin if everything goes south (hopefully not) Although I would like to believe that it is highly unlikely to happen, there are many things which could go wrong. There might be many scenarios which might differ from one another like for example, if all the major countries ban bitcoin.. This event is highly unlikely to happen but in a situation in which it does, bitcoin dies. Also, if people start losing interest because price starts going down due to negative publicity and slowly all people stop supporting bitcoin, bitcoin dies. This scenario too seems highly unlikely to happen but if something like this happens, bitcoin can be presumed worthless/dead. |
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The only prominent reason why the world is forced to value US is because it is the currency used to buy petrol, no other currency could be used in exchange, its called petrodollar. The reason why US is still considered to be the #1 country in the world is solely because they are widely involved in global exchanges, they have a strong military army and nice allies for resources. That's the reason why dollar is where it is.
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I believe that media is not just biased but rather really scared of the government and the authority. There are so many young journalists who have so much to tell to the world but they are limited to that exposure because they think govt officials might screw up their news channel if they hear something against them, so they kill the kid's potential and asks him to live with his mouth closed if he wants to work more.
this is true , I have to agree with you , many of those who try to go against the government and tell the truth , eventually end up on the losing side somehow I have heard rumors of media agencies being paid to display false content on their tv displaying positive news. I have also heard that news channel owners bargain their bribes with politicians, often blackmailing them that they will show proof and content about them which will destroy their political party as well as their career. Politicians hate the media, but they end up paying them somehow. |
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cheated stats. i have many wallets to avoid problem ... and somes have don't touch since 2 years. usual users of Bitcoins have cold storage (safe, unconnected) and hot storage (phone, connected). So, like 3 cold storage and 1 hot storage. OK just one question. If I have to keep my private keys safe for 4 to 5 years. What is the best way to do so Because storing digitally in a pen drive is a little bit risky, I mean God knows if it will work or not after 5 years. I would advise you to save it on a digital drive and properly store your access details with you, which you seem would be suitable to survive for many years, maybe you can save it in locker services provided by financial institutions. I think that you should rather save it and make a copy or two of it, and save it with yourself personally in a locker at home or under the bed, who the fuck knows. |
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Yup you are right.
They steal our money legally by taxing us.
We can dodge taxes by using bitcoins.
We dont really avoid the tax even we using bitcoin. https://en.bitcoin.it/wiki/Tax_compliance But yeah seems the tax in bitcoin still lower than anything. Have you thought about how you could go to your office or your college without those infrastructures that was built by government with your taxes? I mean, come on, atleast the government still spend your money to grow your country. Yes they are growing our country with much smaller rate than growing their bankroll in their swizz accounts. The only day when people will give attention to your rumors will be the day you present proof and statistics. I know that our taxes aren't used where they should be, I recently read that the CIA was funded by the government to test on people on controlling their minds. They caused so may deaths when they were in the hospital too, the government has motives the people are not aware about. I think democracy is just a hoax. |
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I could see it going back to $100 if popularity just drops, no more adoption and existing users turning their back on the currency.
And I do think Bitcoin could use some good marketing right about now, to bring in some new users.
But ease of use must be improved, through certain services possibly..
I think as bitcoin users, it should be our responsibility to contribute to the world of crypto with our skills and expertise, providing the people of the bitcoin community with services, websites, products, apps, etc which are essential to them increasing their use of bitcoins as well as use the application created. The application will get a lot of money, especially now that it knows its demographics and chance of monopoly |
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