To be honest it should have been the currency of the crypto world and must have been used as normal physical currency. But the past events changed the path of its course and everything is reverted to an asset value or the things which we call as stock commodity etc.

Bitcoin was really a currency as thought by Satoshi and it was made for simpler peer-to-peer transaction per se. It was well that algorithm so that nothing can be caught into centralised mess and thus we could have been blessed with such currency which can rock the transactions in seconds of matter. So yeah now a days it really looks like as an asset or a way to store the money in the same manner as one would do with the gold. It can be changed in the future but I don’t think that much efforts are being taken for it. Just look around us, everyone is just behind the earning money and no one is thinking about contributing into the bitcoin development.

 

We can consider the mining and buying as different things. Different rate of earning will always be achieved with these two ways of earning. The fact is simple, in buying and holding everything relies on the market capitalism achievement and decision of big investors being on the same page could lead to generous leads in the revenue. Also, in case of mining you have to bear the indirect cost of the miners, electricity and maintenance but it is eventually surpassed and whatever you from there onwards is your 100% profit. So I believe that both of them are having different ways of getting money back and it depends on us how we manage the whole thing.

I think this is better explanation why the holing of coins is successful.


But however we need to be sure that larger audience is following the same path otherwise it would be of no use. I mean there millions of coins that are circulating for any kind of project and if you are just holding 1% of the portion then also it won't affect the market in brutal or good way if you buy or sell it or hold it. This is why bitcoin is different where at least more than 10-20% of investors, with assets in the bitcoin are holding the money as it is and thats why we see the prices of bitcoin stable now a days and they are the one pushing the things forward.

So yeah that would be good idea to make it more sustainable investment, by having the coins bought at low and hold for long time. Thats what breaks the buy wall and moves towards next one and bigger one when we see it in the market or exchanger loop.

Yup now we are in the verge of earning even more money as compared to bitcoin because hey remember bitcoin at this stage and how it bloomed all upto the mark of 2K last and this year! Haha, something like this might be planned from vitalik sir and he know that he will make it possible. So many ICO are bombarding the market cap towards the sky. I think those who missed the chance to earn huge money back in bitcoins investment must pull their sleeves and start putting money into the ethereum. This is like lost golden days of the bitcoin and I’m also dreaming that ether should reach the 1K mark and we just get biggest profits out of it. I think everyone is on the same page and already helping the ether to push forward.

Yes if you are going to mine with your GPU’s and letting them turn your PC on then yes it is trustworthy. I have tried it with my bunch of laptop which I don’t use anymore and upgraded for the specific mining. They are mining the Zcash on my laptop and I’m liking the smart miner operation they are using. You can simultaneously share the hash rate for the mining operation which is automatic process and thus leads t generation of bigger volumes of blocks solving capacity. You earn pretty good rewards with this because they are easy to mine and you don’t have to do much but just put the laptop awake and the internet on all the time.

This is my experience, I’m not fond of mining operations but I tried it and turn it on in between just to have fun. But this fun has given me lots of profits form the minergate. Just to add to your knowledge NIcehash mining also work on the same principle and you may wanna try it out altogether to see which one gives you best algorithm. :-)

Whoa! Great man, nice work. But it would be so great once you show up the picture. Im eager to see your mining farm. What was the excise duty that India government imposed on you, I heard that the GST thing is getting everything very costlier in the India. The import fees are more than 28% for any products that you bring into Indian borders. I mean don’t you think that was very costly affair.

The electricity seems to be very low and you can enjoy the free electrocyte to mine over million per day. I don’t know those units but after conversion it looks near to million to me. Thats crazy investment with S9, and you got 10 of those. Thats cool man. Hoep you will share the data statistics here as well as some pictures of this cool mining rig.

Yes this fluctuation around the $8200 is great sign of its upward movement. This ha become the pattern for our bitcoin in the long run. It will always stop at some point after having huge pumps and then it will rest their for a while. May be thats the period where the market corrections starts happening and the bitcoin gets ready for the next high jump after the few upgrades in it. The contribution of the coin increases at this point because investors become sure that the bitcoin is not moving too fast and it is not going down either and thus find themselves in good position where the bitcoin can be bought and thus can be invested easily for the safer profits. This creates a high volatile chain reaction of inserting into bitcoin and then we start seeing those green candles in the long run. This generates leads for new buy/sell wall and then competition for the buy or sell starts which decides the ultimate fate of the net prices stop.

Thats ridiculous to hear, I mean what the use of it, just to raise the funds and create wealth out of the people’s wallet? Is that it, thats the best way to go through it. I mean what about the development, do they really do it? I don’t think so, it is just about the raising the money. What we are getting is just circulation of those free coins and then we greed for the money. But id not understand why that is good way to keep up the new coins market cap all time high.

You know guys that really kills the market of bitcoin because we put our money into those alts later on and make it worst station for the bitcoin investment. Then we keep creating why the prices of bitcoin are going down and is it good time to sell and blah blah. Thats why we must not support the forks. Its such bad news for 2018 year.

It is better in some way and it is not in some other ways. I mean the whole digital platform is best creation of the Satoshi sir but what we miss here is the essence of using the hard cash that is needed in emergency cases where there is no electricity, or may be no way of paying the online payment. At that time we may miss the use of bitcoin or any other crypto currency which are completely online. So there it is where it lack the confidence of using the real time money there is hard cash. So its not just about the comparison and pointing out the bad side of the bitcoin but it is completely positive way of looking at it and making the development like that. So may be there need little more updates so that bitcoin be considered as real value currency over the actual money.


In other ways it is greatest currency we have blessed with or may be an asset we could say really. There is security of our investment and plus with bitcoin our money grows over the time and thats added advantage of decentralised nature of the bitcoin. So yeah in many ways it is better than the actual money. :-)

Yes I have seen similar article but not this one and in that one the complete estimation of the bitcoin production and USD production was given. And there was not single chance I would have taken the side of bitcoin after reading the article because it is the most costliest thing ever to produce in the market. The electricity cost that needs to print or virtually mine the bitcoin is higher than producing the USD currency and its more than 60% efficient than bitcoin. So this is putting lot of stress over the electricity boards and in the time to come when the bitcoin circulation will be even more and the trisections will increase a lot then this stress might just outburst to create fallen legacy of the crypto currencies. There is no way to save bitcoin in that situation if government finds out that the mining is not enough and nothing can be done for it.

It is better in some way and it is not in some other ways. I mean the whole digital platform is best creation of the Satoshi sir but what we miss here is the essence of using the hard cash that is needed in emergency cases where there is no electricity, or may be no way of paying the online payment. At that time we may miss the use of bitcoin or any other crypto currency which are completely online. So there it is where it lack the confidence of using the real time money there is hard cash. So its not just about the comparison and pointing out the bad side of the bitcoin but it is completely positive way of looking at it and making the development like that. So may be there need little more updates so that bitcoin be considered as real value currency over the actual money.




In other ways it is greatest currency we have blessed with or may be an asset we could say really. There is security of our investment and plus with bitcoin our money grows over the time and thats added advantage of decentralised nature of the bitcoin. So yeah in many ways it is better than the actual money. :-)

I don't think so. There is no reason to make it as major study part in college and why would it go to that much high level. May be some subject can be made on bitcoin to understand the digitalisation of the currency and learning the blockchain techonolgy but not the whole course I believe. They have got no reason to make it as major and the first thing would be what you will teach students about? From where you will start the subject and what you will include in it? The coding? The programs of GitHub and open sources of codes? May be about the ICO projects and management? No I don't think so this will help them to learn anything about it. Its all about the individual skills which can be added later on to create successful bitcoin knowledge.

This rush will never stop and there is no way to stop it because there are millions of people who are making the ICO projects and who think that they will become billionaire with the projects that they create. yes this is the greed for the money which they are having and thats why they not gonna stop at all. ICO has become easier way to make money, raise it for the projects and develop them legally to generate the passive profits in the market.


Im 100% sure that 99% ICO are scam and only 1% comes with the genuine ideas to create the projects they are wishing to publish in the market. This has now become very difficult to find out which one are those in 1% and this is all because of this rush you talking about.


Nothing will stop unless and until their ban from the government side.

My stakes are on the social coin. A project by Jade dev who started the thing a year ago and already had successful ICO release. Now the coin is listed on few of the great exchanger but having no volume at all because already biggest investment is done to it. The next upgrade is to be released in the month of January which means great value is gonna come to coin and we may find biggest rich people ever around us. So if you don’t want to loose the opportunity then you should be thinking about this before the janry launch. The coin is listed as SCL on coinamarket cap and you can find the website and stuff over there. Don’t fall for the market cap as it is not in use yet but it will be shortly. And believe me you will miss greatest opportunity if yo don’t invest in that particular coin. Just quote my post next time you see SCL has gone wild in the market. :-)

You have versatile question at the same time and there is no link between some of them altogether. But however, let you know that bitcoin owner is the one who is having the actual bitcoin with him because it is decentralised currency and allows you to be owner when you have that much code in your wallets. Thats the actual bitcoin in your wallet and you have it when you have that algorithm lurking around your wallet private keys. Those who bet on the bitcoin price are just outsiders, people with no intention to invest in bitcoin itself but just to have the money grown around its assumptions. As per my knowledge coinable doesn’t provide us any private keys as it is completely web based application and lacks that feature. For greater views of bitcoin you should think about it in simple manner and not just a coin for the wealth over the blockchain. Its more than that and has got many application in the future to come.

When there is nothing, there is great scope of everything. What I mean with this statement is that, if the Africa is not having proper infra for the internet, electricity, or IT regulation then new one can be created with all the new sets of rules which can change the face of crypto currency in that particular area. There could be fresh start of everything with new speed and techs. I mean a desert can be converted into city like Dubai then why not into crypto land when we have so much potential to do there.


Crypto is world which feeds only on electricity and the internet and this can be made available everywhere with ease and with greater confidence. So I think that there is complete freedom for the bitcoin to boom in the industry that is yet to set up in the country like Africa. I mean first one to go there would be like crypto king of Africa. :-)

Dam, was that sarcastic opening up there man, or is it just the way to attract people to engaged into the discussion. Anyway that one is hilarious and good way to approach. :-)


Well, speaking about the bitcoin, no it is not dead yet and it won’t be after having so much market capitalism in the first place. I mean just look at it, billions of dollars is being flooded in the bitcoin economy every day and its not being stopped at any point by anyone. This is the first sign that it is liquid investment and it can not be stopped by anyone. The popularity is increasing everyday very crazy and thus making the stuff go green all the time. Each time I open up the coinmarketcap window I see that how bitcoin has climbed up from yesterdays price and how it will keep the dominance over 50% + everyday as compared to whole crypto currency. I mean that is just crazy proof to have, 50%++ dominance everyday without fail. Nice one bitcoin, the most lively thing ever.

Isn’t that is good news actually. Because see man if the people keep investing into bitcoin and they never return the money into bank accounts then that would be chaos for the national development. I mean how you will explain the thing that bitcoin investment is helping in the national economy development or what if you don’t see any good roads, any good services of government and then blame it agin for the same purpose. But this all could be changed if the bitcoin is taxed. Because know very important thing that most of the investment now a days is going into bitcoin which is from couple of thousands to millions of dollars and it must be tracked because we are loosing the treasury funds really. So hope that we will together to help build better bitcoin. The anonymity is juts imaginary, your each move still can be tracked with logic. ;-)

I’m not sure that how much upwards bitcoin will go but I’m sure that bitcoin won’t go down a bit at this point. It has become already stubborn currency at this market cap and breaking it down would be very tough. I mean so many investment at this point and so many big fish in the world of crypto, I’m sure at least these guys won’t let it go down. So bare in mind that there is no FUD and stuff like that which is gonna kill the bitcoin in first place.

My way is pretty simple and I believe it is most common way to acquire the bitcoin and get it converted to fiat currency.


My initial income is from the signature campaign only. So once I receive my bitcoin in my wallet on weekly basis then I will transfer them on to my countries local bitcoin wallet which has exchanger feature and by using which I can simply convert everything into fiat currency. This transaction is KYC authorised and they provide the complete invoices and all to me. After which I can simply withdraw this fiat money into my bank account easily that too KYC verified.


So that’s how everything works for me and it’s the most easiest way to go around it. :-)