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Already Japan has been the first south east asian country to legalize bitcoin.But it was very unfortunate that most other countries at first didn't allow bitcoin.But now slowly the situation is changing and such countries have started recognising bitcoin.
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Money is what the society accepts to be money. Human history has seen so many transformations when it comes to the subject of money.From barter trade to fiat money and now digital currency. But some nations are so rigid to change.well they will all regret soon because no country can stop cryptocurrency.
Yes many countries still refuse to allow crypto currencies.But most countries of bigger economy have changed their decision about crypto currencies and have started to regulate it.F or example,many European countries could be quoted for this.Those countries which don't allow cryptos would become the last runners in case of future developments. |
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Actually many countries earlier took a strong stand against crypto currencies.But later,many of those countries started to realise its true potential and as a new source of taxing opportunity.So they have gradually started to legalize cryptos.
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I think the existence of bitcoin, and other cryptocurrencies, reveals the true nature of money which we had long forgotten or never really had the right idea about. Money, as defined by the Webster's 9th New Collegiate Dictionary, is something generally accepted as a meduim of exchage, a measure of value, or a means of payment. Practically, though, that "something" is a concrete object, not just a mere idea. Thus, money is subject to depreciation - as seen in the decline of value via inflation and similar situations. In this sense, the standard value of money doesn't seem so standard at all and it won't be much of a "generally accepted" medium of exchage. This is where bitcoin is more of a real money than the physical money itself. We don't control it's value, unless everyone - really, EVERYONE, at least those who use it - agrees so.
Yes bitcoin is more of a real money which is totally free from inflation which actually seems to be a dream in other prevailing currencies. |
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Same shit happens to those who calmly waited and being frustrated by this dumpers. At first I thought the market this days are slowly recovering and I am wrong with that assumption. Are this a late reaction from the hacking incidents on bithumb, I don’t think so.
Now waiting game is restart and trying elevate myself patience into the next level.
Bitcoin price will bullish run after all this decreases sooner.
Everyone knows that bitcoin price is unpredictable.But at this time,when everyone expected that market would recover and enter into bullish trend it started to fall again which was a little bit disappointing. |
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If ETF gets approved,definitely it will have a positive impact on bitcoin price.T here is a doubt that whether the ETF approval would be on August or not.But if it gets approved,then atleast hundreds of millions would be injected in to bitcoin.There would be a considerable decrease in bitcoin supply when compared to its demand.This would induce the price more.
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Definitely that serves as an answer to those who question about bitcoin to be used as a currency.Good luck to Venezuelan people.Even though,you suffer now from crisis,atleast you are able to get rid of the bloody fiat currency.
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It's termed as lobbying and it is common in developed countries.Big business people use it to have their influence over the government policies and make it favour to them.
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Nowadays crypto jacking,i.e.,illicit crypto mining by using a person's Computer without his concent has become more popular among cybercriminals than ransomeware. Crypto miners nowadays account for 32percent of cyber attacks in comparison to ransomeware attack which is now just 8 percent. Cybercriminals have found crypto jacking to be a safe haven as they could not be traced easily here. https://www.coindesk.com/cryptojacking-now-a-bigger-threat-than-ransomware-says-report |
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I think that it would boost the bitcoin price.After a long struggle in the range of 6,000 dollars,we could expect bitcoin price to cross 7,000 range and atleast stay there for a considerable time.I think that anyone who has not yet bought bitcoin must no more delay in buying it as the time for bull run has come.
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2nd richest man Warren Buffet said Bitcoin will end up badly.
But he has knowledge only about traditional investments and he has zero knowledge about new technological inventions.That's why,he stays away from such new investments. |
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There's nothing stopping this from happening right now. Mt Gox, Bitstamp, etc don't trade bitcoins on their order book - they trade database entries that represent bitcoins (and USD).
Any of them could trivially create as many database entries as they want to trade with and get away with it as long as not all their customers try to withdraw at the same time.
Wow, that's interesting! But it still means the exchanges are the only ones who have the power to do that, right? Why would all the customers withdrawing at once be a problem - is it because if they don't "have" BTCs, they don't have database entries representing BTCs either? Yes we have already seen many Chinese exchanges creating fake trade volume and manipulating bitcoin price. Suppose if an exchange creates fake trade volumes and manipulate bitcoin price to increase more and if all investors create sell order at the same time,it would become a big trouble to the exchange as they were the one who created such fake entries and responsible for the price.They might not be able to process the sell order of their users which would create a bad reputation for their exchange. |
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I too would agree that the ATH price of bitcoin was only due to launch of bitcoin futures and it was not its true value.The truth is that bitcoin value would be even much higher but it would take some long time.But manipulation is continuously done by big whales which affects the gradual price increase of bitcoin.
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No.Having just one bitcoin will not change the life upside down.If one has more bitcoins,thats a different matter.But its not appreciable to do so.Doing actively some work for living is good.Atleast they should trade to make their survival easy.
Even I have left my job two years ago but I'm actively trading and blogging in steemit.
As far as other currencies are concerned,bitcoin could not be a threat to them since it has only a limited supply and also could only work online.
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It was not due to banning of bitcoin but due to other issues.But it whatever the reason may be,facebook has decided to reverse its ban on crypto ads so as to capture the lucrative market.Now they have decided to allow the crypto ads based on the license of crypto project owners.
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I think that it will not give any successful results.First of all,majority of people will not be willing to trust a private centralised body for getting paper bitcoins instead of digital currency bitcoin.Bitcoin being a decentralised currency gaining this much trust is already a surprising event and now if we expect people to trust and support paper bitcoin too,then its truly an over expectation.
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Just another Asian country of small economical power next to Bangladesh has banned bitcoin.On the other hand,no big economical power country has taken such an action.
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I don't know how far it's exactly true.But such a high volume of loss of bitcoins would help boost the bitcoin price since it's supply has lessened while not its demand.
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No.They too are not of the same coin.Bitcoin has been created by Satoshi to free people from the hands of bankers who loot their hard earned money in the form of transaction fee.
But Bcash is just a fork of bitcoin mainly created due to the greediness of the Bitcoin Antichrist Roger Ver who once was termed as bitcoin Jesus.
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I would say that paper currency is the greatest scam ever to enslave mankind.
Bankers charge interest for a thing which has been created out of thin air.
The paper currency gradually decreases in its value due to inflation over time.
So naturally people tend to move towards cryptos which are free from inflation and the bankers and big economists once again want to pull back people to the traditional enslaving system.
Now the choice is yours.
Enslavery or Financial Freedom?
Think Wise and Twice.
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