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Your Username: jc89
Position to Apply: Member
Your Current Post Count: 72
Your BTC Address: 3Pc4jAAcEmeaSAHFB33STHHd2B5PCcQ6Pc
I maybe inactive these past days due to my hectic schedule but I will assure you that upon my application here, I will meet your every requirements. I have my time now so I would like to work with you.
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i think it is around 2-3 percent of the worlds population. that makes the user base around 210million
Whoa! Seriously? That statistics/guess is so over the top man. How did you come in that exaggerated conclusion? 1% is still very high, even half of it is still very high. Though we experience an outstanding increase in bitcoin's price, your number is just tooooo much. Just be realistic at think about reality (LOL). |
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Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.
This is really reason bitcoin is sky rocketing right now Japan done great job for Digital currencies if some other developed countries also follow them then we can expect this price could be more high because demand will go high with give us more stable I would say that that is just a contributor in the rapid increase of bitcoin's value and it is not the reason. The reason is the demand of bitcoin is quickly rising, thus making bitcoin's value to increase. Though Japan's move is a major trigger, still, for me, it is just a contributor (and by just a contributor, I mean a major contributor) for the soaring high of bitcoin value. |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
well, that's not going to be happen at all. Because if that happen bitcoin is not the business online will get affect but of course all bank companies would also get affected by it, and all business industry who are connected into internet access. Precisely. They will not let that happen. Even the government will not let that happen. People had been more dependent to the internet nowadays so by any chance that the networks freezes then the experts will provide all their knowledge and effort and fix the issue immediately. |
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bitcoin almost reach $1200 but unfortunately the price was suddenly dropped with very fast and back to $1000 below but my thought in 2017 from the price side still have potential to reach above to $1200 again but i don't know the exact time it will happening and from mass adoption side i think the situations will not so different such as the previous year
I think the value of bitcoin will reach to the highest point because the users of bitcoin are increasing rapidly. Because many people are using the popularity of bitcoin is increasing. Many people will surely gonna use and work hard for bitcoin and also because of the advantages and reliability of bitcoin. Bitcoin makes transactions smooth and very fast and I guess bitcoin this year will somehow take it's big progress. By highest point you mean reaching the ceiling and that's that? No more increase for the following year? I cannot imagine the scenario but I do not think that this is the one that will happen. Though the number of users today is rapidly increasing it does not mean that no more increase will happen in the following years. |
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It seems to me that bitcoin will grow in price and progress every year more and more.
That has a very high probability since bitcoin's trend is to increase every year, even every month or day. Even though bitcoin's value decreases, the majority of its trend is upward. It will not increase just this year but also the following year and the year after that. Bitcoin has a very bright future and will likely to increase more over time. |
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Why not have a clear written letter with all instructions written and store it somewhere safe such as a vault or a safe. This way if ever any of us passed away our entrusted relative will be able to able to use our stored bitcoin. Though they do not know what bitcoin is, leaving then an instruction will do the trick. The instruction must have your private keys and anything related to your wallet, how much is in there in terms of fiat, how will they exchange it to fiat, some information about bitcoin , etc. This way our accumulated bitcoin will never come to waste and be lost forever.
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The risks in bitcoin investments are so high, you can either become rich or get poor at a glance. Behind the high risks Bitcoin makes you get rich quick, I myself think only of its advantages and try to minimize the loss
i agree. in just a snap of a finger, you may gain or you may lose.. anyway, what are those advantages you were thinking and what do you do for you to minimize your lose? any chance of explaining further? i believe that the advantages mentioned was about the decentralization of bitcoin where it cannot be touched by the governmen, another is the volatility of bitcoin where bitcoin's value increases or decreases over time (just focus on the increase part). Thinking that way, it will give investors courage to invest in bitcoin. As for the minimization of risk, only invest on trusted project by checking their credibility or if they have escrows that are reputable in this forum or on other forum. Having caution will always reduce risk I would say. |
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Let us make it this way, every transaction have fixed transaction fee, let us say 2% of the total amount to be sent. So if a user sends 1btc then the transaction fee would be 0.02btc. Regardless of the value of btc in usd, the transaction is still fixed so if you send a small value then you will pay low tx fee ang the same when you send a big value you will pay big tx fee. As for me this is fair enough.
Disclaimer: I am not saying that this is the exact way of paying tx fee, it is just an analogy.
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If the number of users of bitcoin suddenly soared very high then it is a big possibility. Since bitcoin's value depends on the concept of demand vs supply, if the demand suddenly soared up and continue to increase after that while the supply is not that high enough, bitcoin's value will surely reach 3000USD in just a year. This is very possible since bitcoin is rapidly being known across the globe
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The Biggest disadvantage of bitcoins is his price nobody know when the price increase and decrease. its good for investor but to sometimes its become to much risky, like trading, but much risky much money yeahh
That is just for some people, I think the volatility of bitcoin prices is an advantage for trader. So I do not think that bitcoin price is a dissadvantage. I think the volatile of bitcoin price can cause the loss or even can give us a profit. So it all depends on us who manage, because if we can read the situation of bitcoin price movement can give a good profit per day. I more agree if the volatile price of bitcoin can causing loss and profit. Thank you That is quite an obvious senario. If tha value of bitcoin increases then you gain profit ang when the value of bitcoin decreases then you loss money. It is an obvious happening for bitcoin due to its volatily. However, I would not consider bitcoin's volatility as a disadvantage because the users can easily cope with it. If the value increases then the user can convert it to cash if they desire or just hold onto their bitcoin and if the value decreases then the users will just have to wait for it to go up again. |
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The main reason, I think that makes Bitcoin disadvantageous is the confirmation of the transactions. It's really hard to make the transaction go faster compared to previous times just because the difficulty is getting harder every time. I think that's one of the main reasons for bitcoin not being wild spread
In the past, transactions were confirmed very quick due to the small number of Bitcoin users. Nowadays, more and more people start using BItcoin and we can easily see that Bitcoin can not be used by everyone since the blockchain is overload This type of scenario is inevitable. Since more and more people are engaging to use bitcoin, bottlenecks in bitcoin transaction confirmation will continue to grow. The blockchain and miners have so much improvements to do in order to cope with this problem. Meaning, the widespread of bitcoin now is still impractical if blockchain cannot even handle much transactions per second. |
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dev, based from the spreadsheet, my signature is wrong. I see no difference in my current signature to the codes written in the OP. Can you verify this one. I did not even touched my signature since I wear your signature. Thanks.
Updated that. Thank you for the prompt response. It would seem that it was just a mix up  But I see you have not made the required number of posts. Please make sure you fulfill the requirements. Thanks! Yes, it is because I was busy these past days. But since I joined last April 20, so my due date would be April 27, right? And I have a couple of days to fulfill my quota. I will surely attain my requirement as it is my obligation to you. More power Wi Coin! |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
if all of the countries will banned it, and if hackers put down all the bitcoin sites and online wallet that many of us is using , that would probably the problem i think. I think bitcoin will not lose very easily. Banning seems something impossible when you talk about the free world. Off course some more conservative countries may want to do that. But remember too that bitcoin is online, banning something which is online is hard. Other ways that bitcoin dies, like a new altcoin are just anticipation and speculation. Bitcoin is not difficult to destroy because it is online, bitcoin is difficult to destroy because it is not centralized, think of bitcoin as a guerrilla warfare, if you have a big army concentrated in a place that army can be wiped out with just a few bombs but if that army is all over the country then you need a lot more bombs to try to damage it. Those are the advantages of decentralization. Since there is no central server that controls bitcoin, hackers or the government do not have a single point where they will attack. As far as I know, bitcoin lies on the internet itself so nobody can easily attack it, actually I do not know where they will attack bitcoin. So for me, if they want to kill bitcoin then they must kill internet first then the death of bitcoin follows. Now it's difficult to destroy bitcoin, because everyone needs the Internet and will not be turned off just to destroy bitcoin. Indeed. Even the government rely on the internet to provide services as well as some businesses worldwide needs internet. So this is a great characteristic of bitcoin being decentralized. |
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dev, based from the spreadsheet, my signature is wrong. I see no difference in my current signature to the codes written in the OP. Can you verify this one. I did not even touched my signature since I wear your signature. Thanks.
Updated that. Thank you for the prompt response. It would seem that it was just a mix up |
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I think government need to study more about bitcoin and how it works. Because bitcoin its not easy to use an entire city that that they not study about it. And maybe they not adop bitcoin because some people are not use technology and they don't know how to use modern technology.
Yeah, governments needs to integrate Bitcoin and Fiat in such a way to use it together. It should be in a way that both fiat and digital currency work side by side with no loss in government revenue. and that they will be the ones to dictate how many bitcoin would be in circulation and what policies it must follow. But with bitcoin still in its infancy stage, this might not happen in the near future as most countries still depend heavily on fiat. That is an absolute correct, for me at least. The government would not let bitcoin to surpass fiat. Fiat will remain as their major form of transaction and payment. And if the government agrees to take bitcoin as an alternative then bitcoin and fiat will surely work together side by side. However, I do not know how the government will dictate how many bitcoin will be in circulation in their economy since they cannot identify who uses bitcoin and how many bitcoin every users have. |
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dev, based from the spreadsheet, my signature is wrong. I see no difference in my current signature to the codes written in the OP. Can you verify this one. I did not even touched my signature since I wear your signature. Thanks.
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We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
It's stronger than we imagine. i think your friend was just joking, bitcoin is really very strong, if it was easy to hack bitcoin then how bitcoin has such high price and how it has become such popular currency? All the bitcoin wallets are highly secured, it is not east to hack it with calculator or any formulas. I doubt about his friend joking. It's just that his friend does not know bitcoin too well. I would also like to say that no one claims that bitcoin is easy to be hacked. Even his friend did not say such thing. Hacking bitcoin is just possible in a way, however, this is a difficult task to accomplish and as of today, bitcoin has proven it's strength regarding security. |
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Sa tingin ninyo po guys kaya po bang palitan ng bitcoin ang kasalukuyan nating ginagamit na pera as mode of payment etc.
Kaya po kayang i-supply ng bitcoin ang katulad ng isang pera? Sang ayon po ba kayo kung sakali?
Sa tingin ko ay hindi ito mangyayari. Hindi ito papayagan ng gobyerno dahil mas pabor sila sa cash kesa bitcoin. Kayang iregulate ng gobyerno ang cash at ito naman ang hindi nila magagawa sa bitcoin sapagkat ang bitcoin ay decentralized. Isa pa, ang bitcoin ay nakikipagkompetisyon sa mga bangko natin sa kasalukuyan. At alam naman natin na ang mga bangko ay mas may simpatya sa mga bangko dahil tumutulong sila ng tuwiran sa ekonomiya ng isang bansa. Kung kaya mas papanigan pa rin ng gobyerno ang cash kesa sa bitcoin at hindi mapapalitan ng bitcoin ang cash. |
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