|
User: avikz
Position to Apply: Hero member
Posts Start: 1709
Address: 18BN5y2mSjH6pbSPjjVgVM9jQdSuijYD4R
I am looking for a long term campaign to join. If accepted, signature and avatar will be updated. Thanks!
|
|
|
|
I'm new to the Bitcoin / Cryptocurrency world, and the economics are pretty interesting.. My question is more of a large-scale economics question.
Would using Bitcoins, to purchase goods (not on this forum) or services, increase its perceived value due to wider exposure or level-out/decrease its perceived value by establishing an accepted value of it?
I hope that was clear enough. Just looking for ideas and thoughts.
Definitely Yes! If the acceptance of bitcoin increases, it will surely increase the value of bitcoin because the demand will increase compared to the supply. It will also give a huge promotional boost to the community. The common mass will know about bitcoin and many of them will be interested in actually using the bitcoin. So the higher the acceptance will be, the higher the value will be. No doubt about that! |
|
|
|
The much talked about ride is on, to bullish. Who is riding with it ......  Even I am also bullish about bitcoin and that is the reason why I most save all my bitcoin what I earn from different activities. I truly believe that bitcoin has a lot of potential left and can become a real game changer for us in future. I started when the bitcoin price was standing at 450 USD only so I have a genuine reason for being bullish about bitcoin. However, those who have started at the peak price like 4600-4800 USD level, they have a reason for not being bullish. However, think bitcoin for longer term to get assured profit. |
|
|
|
*sorry if this topic is not suitable here,but i need help.
Hi,
I am using coinbase since from the start. But now i want to change my bitcoin wallet. Since coinbase disabled the sign message option for the users,i want to leave them permanent and badly need a secure wallet for my hardly earned bitcoin.
I don't want to download the full blockchain, and don't know which wallet is safe and easy for me.So please help me out.
I have only coinbase wallet, i never used any other wallet.
I don't think you have a reason to worry with conbase in any way. They are an old company and a trusted one. However, if you really want to move to another secure wallet, then try offline version of electrum wallet. Here you don't have to download the full blockchain. You wallet will be connected to a central server where the blockchain will be downloaded and you just need to connect to that. I have been using it for sometime now and never have any problem till date. It also supports multiple payments against a single fee. |
|
|
|
|
I absolutely don't believe the fact that a trader will take lives of other people just for the business loss. A trader should know about the dynamics of bitcoin prices and when the incident happened, the price of bitcoin had recovered considerably. This report probably is another try from the organized financial sector to victimize the bitcoin and crypto currency as a whole. So that normal people starts thinking that bitcoin is a illegal activity and funding the terrorists.
A majority of the bitcoin users are just a normal people like you and me. Who are just trying to live a decent life by the income they earn from crypto currency. We should not give much importance to such news.
|
|
|
|
I know it may not be possible right now, but do you think fiat will be gone in the future?
No I don't see that coming for another at least 30-40 years from now. Fiat can't be replaced but the mode will be surely changed. Like the way people are handling cash now, that probably will be replaced by the plastic money like cards. People will mostly use card for their daily expenses and cash will just remain as a number in your bank account. Sweden has already started moving towards the cashless economy and made it mandatory for every stores to accept plastic money instead. I think this trend will slowly take over the other countries as well. But replacing the fiat by digital currency, ain't gonna happen anytime soon. |
|
|
|
Hi all,
I'm kind of a newbie in the crypto-currencies world, but quite fascinated in fact...
I started to create my own portfolio of currencies (small one, 2500 to start), where BTC represents 20%, and LTC 35% (and some loss, right now :-( )
So, I wonder if I should not trade some of my LTC for BTC
Or buy more BTC if we think it should raise and hold my LTC...
Any thoughts?
Thanks,
Olivier
PS : sorry for any languages mistakes, english is not my first language
Wow, 2500 Euro is not a small amount, at least in my country. But I am happy so see that you understand the need of diversification. I Would not say it is a good idea to sell your litecoin to buy more bitcoins because that entirely depends on your risk taking capability. If you think for long term, then you can go ahead and buy bitcoin by selling a percentage of your litecoin. However, if you have a short term outlook, then you will be disappointed. |
|
|
|
I think for bitcoin to be a real currency, government have to accept it first.
So I ask what country do you think will recognize it as a currency?
I am sure no country will accept bitcoin as their official currency ever because bitcoin is not structurally built for it. Bitcoin is aiming towards decentralization and anonymity which the least thing a government will want. Probably some progressive countries like Japan, USA, Canada can legalize it but they won't declare it as their official currency. Their official currency will remain the same while bitcoin transactions will also be accepted in these countries and nothing else. |
|
|
|
I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
Why not! There are many altcoins available in the market which are technologically superior than bitcoin and also holds a lot of potential for the future. I can name ETH as a worthy contender of bitcoin. The transaction fees are low in ETH and the transactions are almost instant compared to a 30 minutes waiting for bitcoin transaction. However, bitcoin is enjoying the pioneer status in crypto world and that's why we are seeing a lot of investments flowing in to it. Bitcoin will be available till 2023 and I am sure some other coin will come up and replace bitcoin for good. I have already started investing in to ETH and Dash thinking about the future potential. So I am sure some altcoin will surely replace bitcoin in future but not anytime soon. |
|
|
|
So with speculation that the majority of North Koreas capital coming from BTC, who thinks that China banning ICO's was a step to curbing North Koreas power?
Nope, I don't think US has to do anything with China ICO ban and also nothing to do with North Korea as well. North Korea is so poor that they can't afford to have a computer in their home. And leave alone the crypto currency, North Koreans can't open an website which is not approved by their government. Chinese government's mentality is very similar to that of N. Korea. They believe that money is equal to power and that should be controlled in every possible way. Because if citizens have enough money, the power will be shifted from their government to their people. They want to curb that. |
|
|
|
Many people today are greedy for money. And do everything to it. And I do not blame them because we really want our lives to make money so we will not get tired of working 5 to 8 hours and give our children a bright future. But with so much greed we can do bad things like schemes to conjure up true and not thieves. But the ultimate goal is to steal. Many really are not punished. Now my question is how can this be solved? How can we identify someone if bitcoins are not centralized and only bitcoins address only what we know. How to stop it. How do we know who is behind the investment that eventually turned thief of our hard-earned money
Never invest any single dime to any site that promises to pay back some interest on your invested amount. They are all scams and those should be avoided at any cost. You will receive interest for few days, but eventually they will run away with a bigger chunk of your invested amount. So never invest anything in any website that promises a return on your investment. These are known as ponzi scams. Remember, there is no short cut to make money. You have to work for it. Join a signature campaign or start with trading. These are good ways to earn money. You have to put in your time with that and you will be rewarded suitably. Don't fall for any ponzi sites. |
|
|
|
Hi everyone! I've been thinking on ways of learning and teaching about bitcoins and cryptocurrencies, and can't come with a better idea than prompting you, the bitcointalk community, to participate in polls about the cryptoworld, so everyone can vote and post their opinion on the subject.
Hope I can count on you guys for this.
So, here's the first poll I'm doing, and it has to do with JP Morgan CEO, James Dimon, and his comment about how bitcoin and the tulip bubble are similar, if not, the same, and how it was a big fraud as well.
Let me know your opinion on the matter.
We just voted on the possibilities and no one actually aware of the real reason. James is a smart banker who knows a lot about bitcoin and its market cap. It is very much possible that he wanted to buy bitcoin at a lower price. So he started with a shocking statement which actually shook the market and bought down the price at a optimum low level where he entered the market to make a huge profit. Another chance may be, he is just worried about the amount of investment is flowing in to bitcoin. So if bitcoin doesn't exist, that amount of money should have flown in to a proper banking channel where his bank and other peer banks could have benefited. |
|
|
|
|
I really have no idea about it whether it's just a rumor or a reality. The previous two rumors about China banning ICO and exchanges turned out to be true and hence people are believing the news of banning mining as well. But I really hope that China will at least not ban mining operations in its soil. If it happens in real, that is going to work as a massive shock on the bitcoin network. We will see bitcoin price sinking only from the current level.
|
|
|
|
I see alot of people are holding Bitcoins and are convinced that their coins would multiply in value. The same people preach the Bitcoin ideology that its P2P, decentralised, low to nil send or receive etc.
However, only a small group of people today are using Bitcoins as they were intended. And the fees are not exactly cheap to buy Bitcoins, not to mention those exchange places are basically like banks.
So my question is, are you a True believer of Bitcoins and other Cryptocurrencies that it will one day replace paper money, decentralised and all. Or are you only a believer that the price will continue to climb and you'll one day be a millionaire?
I simply find it fascinating that its apparent, people are preaching the benefits of Bitcoins but they are not using them. Preaching to newbies and drive up the demand and prices of the coins.
Rather, I would love to see people who really believe in Bitcoins, actually going out there and using the coins to purchase products, send/receive coins and let the coins circulate around. I would love to see that day. When the prices are not so volatile, and the coins are being used as they were intended. However, not being volatile also means the prices would rise sharply like it has been this year, which also means you wont be a millionaire holding onto them coins.
So are you a True Believer?
I am sure I am a true believer of bitcoin. That is the reason why I have accumulated more bitcoins as per my pocket during the last few weeks when the news of China and JPM broke out. The market went down to a new low and that gave us an opportunity to buy bitcoin at a very very low price which may not been again in another one year. If I was not a true believer of bitcoin, I would have sold my holding just to save my capital investment amount. However, instead of selling, I bough more because I believe in it and I am sure I am not wrong. Bitcoin has a lot potential left for the future and I am sure we are all going to be rewarded suitably in future for believing in bitcoin. |
|
|
|
|
Somehow I believe in that. However, I don't hold any hard feeling for the Chinese people but to the Chinese government. Chinese government is very adamant since last few years. They are trying to create issue with India over borders, they are trying to show their military prowess over Vietnam and Philippines for trespassing their sea borders. However, they must remember that every good thing has an end.
Chinese government wants their citizens to be dependent on them only and no one else. They are trying to maintain the control over their citizens by not allowing them to earn money from outside sources. These kind of activities are having a big impact on the price and market cap because a lot of people from China use bitcoin. If they are completely shut off the bitcoin market, the market will be down initially, but once it starts to recover, there will be no growth limit.
|
|
|
|
That's an old news circulated in the market just before the recent fall in price. I think that's how a smart banker has manipulated the price and probably had entered in to bitcoin to make quick profit. However, after Japan issued the first license to a crypto coin exchange CoinCheck, the price got stabilized. Jemie is a smart banker who might have taken this route of manipulation to get a suitable price to enter in crypto market by fooling us all and we have fallen prey for his trick. But we are not sure about whether he has got into crypto or not because there's no strong evidence for that. |
|
|
|
In %.
Other cryptos can also be considered.
Right now I have around 30% of my money in Bitcoins and other cryptos. Itīs crazy because I consider myself a conservative person and 30% I think itīs a lot. When I first bought bitcoin I imagined having something between 5-10 % at maximum, but as I started to learn and understand more about this universe I just got more and more comfortable with it. I donīt plan in increasing this number, only in case of major dips maybe.
I have never accounted that but I believe the majority of my savings are in cryptos only and specifically with bitcoin and ETH. I usually don't put money from my pocket in to crypto currency. Instead I ean bitcoin from various sources and activities and save them all in various wallets. I don't remember, when the last time, I purchase bitcoin using my salary income. So if I count my entire wealth, a majority of my savings is in cryptos. As a percentage, I can say it is not less than 60% because I usually don't have much cash in hand. A big chunk from my salary goes in to mortgage payment and rest in to my daily expense. Whatever I earn from online activies, goes in to my savings. |
|
|
|
I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
Bitcoin is not banned but bitcoin related exchanges and businesses are banned in China. That is not worldwide. Bitcoin is still running in majority of the places and all over the internet. The Chinese government must have received a huge pressure from the organized financial sector about banning it because bitcoin posses a huge threat to the mainstream banks. Bitcoin is anonymous in nature and hence it can't be tracked directly. However, all transactions are available through a public ledge called blockchain. It can be used to track you down. However, China didn't ban bitcoin yet. THE good news is that, Japan has started giving away licenses to the crypto currency exchanges. It will surely boost the price of bitcoin and also increase the acceptability of it. |
|
|
|
with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me
I don't think that has happened but it may be true as well. Jemie is a smart banker. It may be possible that he tried to bring down the price by saying that bitcoin is a fraud and then bought a good amount of bitcoins at a lower price. Anything can happen in the corporate world. This kind of manipulation is very common around the stock market. However, I doubt that JPM will ever invest in crypto coins because I believe that the legal status in USA is still unclear. So a bank will never take such regulatory risk with public money. It may be just a rumor. |
|
|
|
|
Show Posts
