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741  Bitcoin / Bitcoin Discussion / Re: is it risky to turn all my money to bitcoins? on: November 19, 2017, 12:25:00 PM
It is always risky to invest or put your all money in one currency or segment. Always deploy your money in diversified tool. Though bitcoin is the most popular and successful cryptocurrency but it risky too. Bitcoin is more volatile than any other currency therefore can suffer a lot of ups and downs. Compared to bitcoin gold and other tools are less volatile and easily cash able.
742  Other / Beginners & Help / Re: why so many currencies? on: November 19, 2017, 11:47:50 AM
Earlier most of the countries were under rule of United Kingdom.
At that time pound was the only widely accepted currency.
After getting independence from UK influence of pound become less and each country forcefully presented its own currency.
After digital and economic revolutions bitcoin get introduced to the world.
It happens in all businesses, when someone introduces a new concept and get successful people stars following him and his concepts.
Same is happening with bitcoin, bitcoin become popular since its introduction so more and more companies jumped in with same concept.
Now even countries are planning to introduce their own crypto. Though there more than 1200 currencies among the only 10 are popular.
743  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin overcome Paypal? on: November 19, 2017, 11:23:38 AM
Paypal has potential to overcome bitcoin, this may happen in near future.
Technically paypal data is more attractive than bitcoin.
Transaction time, number of wallets, average transaction cost, number of transaction is more in paypal.
Bitcoin is much volatile currency, because of this people fear to dare and use it as a currency.
Instead they accept bitcoin as a good tool/instrument of long term investment.
The main reason you’ll probably lose less money through PayPal is because your funds are only converted once means Euros are immediately converted to dollars where as in bitcoin, you have to convert Euros to bitcoin and then again bitcoin to dollars.
Both have some advantages and disadvantages but paypal is easy & economical to use.
744  Bitcoin / Bitcoin Discussion / Re: What if, we advertise bitcoin on T.V.? on: November 19, 2017, 10:58:32 AM
Television is a big window to reach to the mass community.
Bitcoin`s popularity is restricted because its not reaching to people.
People have very limited knowledge/information about bitcoin.
If we start advertising bitcoin on television it will help to make bitcoin more and more popular among people.
But bitcoin is a decentralised, peer to peer operating currency.
It don’t have a backing or support of institution or organisation.
So will make the advertisement, now a days advertisements are no cheap, they requires huge money.
In case of bitcoin who will bear the expenses.
Who will take decision regarding when and where to display the advertisements.
745  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Immune From Hacking And Fraud? on: November 18, 2017, 07:13:07 AM
Bitcoins rising price is attracting more and more persons including hackers.
As a result illegal activities like hacking mobile wallets or laptops has increased.
Similarly use of bitcoin currency in illigal activities like drug, gun trafficking, money laundering have also increased.
Bitcoin is decentralised and peer to peer exchange system making it more secure.
Money of bitcoin investor is always safe in bitcoins security system blockchain, which is protected by its users/ miners.
It is impossible to hack blockchain system.
Security of bitcoin wallets lies in the hands of its users, it is the duty of the user to keep its private key secure.
746  Bitcoin / Bitcoin Discussion / Re: What are the most common uses of Bitcoin? on: November 18, 2017, 06:08:35 AM
Bitcoin currency has a potentials to work/replace fiat currency of any country.
It will perform all the functions of fiat currency.
But for that it must be allowed by the government/ central bank of that country.
Bitcoin currency has to be accepted by the merchants of that economy.
You can do all types of payments like  electricity bill, municipal taxes, income tax, insurance premium etc.
You buy things needed by you for your daily life.
You can buy pizza or can book flight , train ticket. In case you want to help our relative or friend you can do it with the help of bitcoin. If your employer agrees you can get your salary in bitcoin currency.
747  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin Die Because of China? on: November 18, 2017, 05:22:33 AM
No, bitcoin is not going to die because of any country.
China was a big support for bitcoin. China was big contributor in trading transaction volume as well as in bitcoin mining business. 
After sudden ban from China bitcoin prices have dropped 20% in a day.
It was just a temporary setback. Bitcoin prices bounced back from $4100 to $7800.
Even after regulations from USA, Japan, Australia bitcoing is going ahead with it pace.
This happening only because of the trust shown by its traders as well as by its investors.
Bitcoin prices may vary by market conditions but it will not going to die.
   
748  Bitcoin / Bitcoin Discussion / Re: What are the advantages of having Bitcoin? on: November 17, 2017, 02:36:49 PM
Bitcoin has many advantages.
As a currency its has some unique features.
It is digital currency stored and used only in digital form.
Its has its own unbreakable security system blockchain.
It works on peer to peer system on the trust among its users.
It works in decentralised nature with no third party influence.
Due to huge demand and limited supply it is volatile in nature.
Its price is rising daily, as a result it has become a good investment tool.
A clever bitcoin investor is getting good % of returns. Bitcoin has become a source of additional income to many.
People are earning good money by doing signature campaign for bitcoin.
749  Bitcoin / Bitcoin Discussion / Re: Bitcoin growth trend on: November 17, 2017, 02:15:41 PM
Bitcoin price is rising at a pace of 4.55% in 24hrs.
Its dominance is 57.01% in cryptocurrency market.
At such a pace it may hit 10k mark by the end of 2017.
According to forbs.com bitcoin is a "peoples currency", and is unstoppable these days.
It has passed technical tests of $5000, $6000 and even $7000.
It  has not shown any long term effect of 'China ban' on its performance.
There are some other factors supporting bitcoins like, rise in the popularity of blockchain, Weakness in UDS, acceptance of bitcoin as a mode of payment by people etc.
750  Bitcoin / Bitcoin Discussion / Re: If people stop buying bitcoin on: November 16, 2017, 08:30:26 AM
First of all this will never happen.
People are eager to buy bitcoins.
Existence of every currency depends on demand and supply.
If any one of these get disturbed or stopped the existence of currency comes in danger.
Bitcoin is a decentralised autonomous currency not backed by any agency.
Its supply is restricted at the time of its birth.
Its price solely depends on the demand and supply by its users.
If people stops buying by any reason then slowly its price will go down and down.
Current holders of bitcoins will suffer heavy losses.
Bitcoin mining industry will suffer badly. Bitcoin will eventually come to an end.
751  Bitcoin / Bitcoin Discussion / Re: Mining a farm on solar batteries???? on: November 16, 2017, 06:03:41 AM
Bitcoin mining is a continues 24x7 operating process.
It becomes possible only by  having good internet, cheap electricity, and a colder climate to keep hardware cool.
So bitcoin mining is possible only where cheap electricity is available.
One more option is there of solar or wind energy.
Wind energy is quiet expensive and its possible where wind flows continuously.
Electricity by using solar panels is the best option.
China is the world's largest market for both photovoltaics and solar thermal energy.
Since 2013 China has been the world's leading installer of solar photovoltaics.
That is why mining activity is leading in china.
Ban on bitcoin by china is a big setback to bitcoin industry.
752  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Kill The Income Tax on: November 16, 2017, 04:44:34 AM
Bitcoin will kill the income tax, good topic to discuss but hard to come into existence.
Its quiet easy for any government to collect tax on income, when all citizens are using the same currency and using banking services.
It is not the case with bitcoin. Bitcoin is not used in all countries and also in all parts of the country.
Its an additional currency, so its contribution to income tax is limited. to govern a country government needs money, income tax is the big source of income of any government.
Even if bitcoin become the only currency in operation it is not possible to avoid income tax.
Government will allow Bitcoin to function only under some regulations.
753  Bitcoin / Bitcoin Discussion / Re: If china got their own coin? on: November 15, 2017, 03:01:42 AM
Many countries are currently running their own digital currency. Ecuador, Tunisia have introduced digital money in 2015.
Senegal, Sweden, Estonia are also planning to have their own blockchain secured currency.
The People’s Bank of China said it was exploring the possibility of the national digital currency, and that it would be introduced soon.
Other countries want to use the digital currency alongside their existing currencies, but china may replace their paper tender in the country like India did in 2016.
If china introduces its own cryptocurrency then it would gain popularity in their country only.
Because one thing is sure that it will be centralised in nature not like bitcoin.
754  Economy / Services / Re: MatrixCoin Signature and Avatar campaign. on: November 14, 2017, 04:52:06 PM
Btctalk name: taiwww
Rank: Full Member
Current post count: 307
BTC Address: 1DNS9i52p5p6UqrEhvqG4vVgDScvqT4mFv
Wear appropriate signature: yes
755  Other / Off-topic / Re: Bitcoin community is rising. on: November 14, 2017, 03:54:23 AM
Rising price of bitcoin is attracting more and more people towards bitcoin.
People are developing interest in bitcoin as a currency as well as tool of investment.
Now a days lots of information about bitcoin is available on internet as well as on social media sites like Youtube.
Earlier that was completely absent.
It has helped many to understand the concept of bitcoin cryctocurrency.
Bitcoins features like decentralised & autonomous nature, peer to peer exchange system making it more and more popular.
That is why even after ban from many countries bitcoin is rising.
756  Bitcoin / Bitcoin Discussion / Re: Will bitcoin end? on: November 13, 2017, 05:23:07 AM
Economic development is a continuous process.
New currencies/ investments tools gets introduced from time to time, those with worth value becomes popular others get disappeared in a span of time.
Do you think someday bitcoin will end or will be replace by other cryptocurrencies? 
Currently bitcoin is the most advanced and most popular & secured cryptocurrency, it has many advantages and disadvantages also. In future biotcoin may get replaced by more advance currency.
Is it too late to invest?
No bitcoin is a recent invented tool of investment, if you see its journey it has shown many ups and downs. If you are doing long term investment, any time is best time, make investments in instalments, invest on every price fall. If you are interested in doing trading activity then wait for some correction.
Is there a chance that bitcoin will be down? 
Yes the processes has started, after touching high of $7458, its now rolling back sharply. Today bitcoin price is $5969. Its an opportunity to its investors to jump in.
757  Bitcoin / Bitcoin Discussion / Re: Why do some government ban bitcoin? on: November 12, 2017, 01:44:59 PM
Generally currencies are backed by the Central bank or by the government of that country.
So it is easy for the central authority to keep a control over the currencies.
Bitcoin is a decentralized, peer to peer operating currency.
So all controls are in the hands of its users, government / central bank has no role to play.
This is the biggest problems of all the governments over the world, they never want to give up their hold over economy. Addition to this, countries like, Australia, China, Japan are facing problems like gun & drugs trafficking, money laundering.
So these countries are planning to put regulations on bitcoin transactions.
758  Bitcoin / Bitcoin Discussion / Re: can bitcoin wallet be hacked by hackers? on: November 12, 2017, 12:56:27 PM
Security of bitcoin wallets is the sole responsibility of its users.
Rising price of bitcoin is attracting more and more hackers towards it.
It is far difficult almost impossible to break blockchain, bitcoins own security system.
So bitcoin users are the prime targets of online hackers.
We must be careful while using online services.
It is always better to take backup of your wallet after regular intervals.
Use strong alphanumeric password for wallet.
Must use updated firewall and antivirus.
If possible use desktop wallets, they are safer than any other wallets.
759  Bitcoin / Bitcoin Discussion / Re: BITCOIN SERVER IS TURNED OFF on: November 11, 2017, 08:34:06 AM
Firstly there are many stories about Satoshi Nakamoto, no one knows is if he a person or a group of people.
Bitcoin operates on a decentralised, peer to peer system controlled/run by its miners who are spread all over the world.
So there is no one server. transaction of bitcoins get stopped only when all the miners shuts down their machines at once.
This will never happen because they have no personal communication with each other, bitcoin the only link connecting them all together.
Stopping ob bitcoin is not possible, only governments or monetary systems can regulate its transactions.
760  Bitcoin / Bitcoin Discussion / Re: The advantages of bitcoin on: November 11, 2017, 08:05:47 AM
Bitcoin transactions are not associated with personal identity, user is always remains anonymous.
Bitcoin transactions takes place on peer to peer basis so no third party like bank, government is involved.
Bicoins get stored in blockchain security system digitally, so no need of any additional security facility like safe locker+ etc.
Transaction fees are quiet less as compared to cheques, DD or debit, credit cards.
For transfer of funds  no need to go to bank or ATM, transfer takes place just by using mobile phone.
Transactions are not yet taxed by government.
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