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7441  Bitcoin / Bitcoin Discussion / Re: Bitcoin savings account? on: June 27, 2017, 08:25:23 AM
I don't think there will be bitcoin savings account because we don't really need that kind of project because bitcoin wallets like hardware wallet is enough for a user to store or save our bitcoins for long term and there is nothing new in savings account because it is already implemented in bitcoin wallets out there and if you are really wanting that then think twice because it is like having a centralized bank.
7442  Economy / Speculation / Re: Crypto Bloodbath on: June 27, 2017, 07:57:49 AM
Now is the time to buy the dip and fill yer bags.
That is the right to do even until now because the price of altcoins and bitcoin is now in a cheap price and sooner or later it will have a green percentage again so it means that you are really earning money again. It is always buying low and selling high and there is nothing can change that principle because that is the most effective way to earn money in investment or trading.
7443  Bitcoin / Bitcoin Discussion / Re: Why bitcoin is not supported in some countries? on: June 27, 2017, 07:47:47 AM
Maybe there government won't accept bitcoin but there citizen is already have or earn bitcoin and that's the way that government can't stop bitcoin.
That's very serious when the government does not accept bitcoin because it will lead to making bitcoin as illegal, the law shall always prevail and whatever the government are protecting for not accepting bitcoin is we do not know, what we can do is just to follow the law to avoid problem in the future to come.
It is normal to see a government that is not accepting or adopting bitcoin for the reasons that can harm us in some scenarios. We should just follow the government's order because they have the power and right to dictate us but we should not lose hope because there is always a chance for bitcoin to get accepted and i believe that if bitcoin will continue to maintain doing good then government will change their mind and for sure they will adopt it.
7444  Bitcoin / Bitcoin Discussion / Re: Should I buy bitcoins before or after August 1st? on: June 27, 2017, 07:35:12 AM
There is risk. If you want to take risk you should buy btc now. Or if you don't want to take risk then you should wait for 1August.  After that you can buy Btc.

Yes, you are right but after August, the price of bitcoin will increase. I hope already the price of bitcoin is kept decreasing so there is a chance we can able to buy Bitcoin and store it for the long haul. In future, there is a huge chance that bitcoin price will increase.
I also believe that the price of bitcoin will increase after the month of august and now the price fall of different coins and especially bitcoin is a once in a lifetime opportunity to stock more bitcoin and other legit and most stable coin in the market because they are all good for long term and there is a lot of possibilities that they will be the one who can make you millionaire in just doing crypto.
7445  Bitcoin / Bitcoin Discussion / Re: What do you like best about bitcoin? on: June 27, 2017, 07:23:34 AM
I like also bitcoin because I earn it as extra money beside of my salary from my job, I want it also to go the flow in digital world because every people in digital world are earning bitcoin so am I.
You can also make bitcoin as an investment because the capital is not a huge problem for you because you have a regular job which gives advantage for saving and buying bitcoin for long term because like i said, long term is one of the best option to pursue in bitcoin because the price now is nothing for the possible price in the future, bitcoin is like gold that is precious and must have asset.
7446  Bitcoin / Bitcoin Discussion / Re: How would you store >100 Bitcoins? on: June 27, 2017, 07:14:06 AM
100+ bitcoin is a huge amount! for me I just cast out some of it, then I keep other to different online wallet account so I can save if or grow it for a long time investment.

That is the worst you can do to store it in an online wallet. If you are meaning online web wallet you are making a big mistake to leave more than 100 btc to some other parties as you need the website of these wallets to operate your bitcoins and these websites are not always 100% online. If you mean Electrum or Bitcoin core then it may be Ok but for the best always use a hardware wallet for such case.

why ?

Because if you do not own your own private keys then you are not really in control of your funds. Online wallets and exchanges let someone else manage your keys for you, if they lose them or steal them then you're out of luck.
Online wallets and exchanges are not worth it to put our bitcoin because most of them doesn't have a feature that you can see or even secure your private keys which is a very bad thing to know because if you don't have your private keys then you are like trusting someone to just hold your money or bitcoin for a long time which is very risky but if you will choose wallets that have supports about the private keys then you are really like a bank because you have the full control of your money.
7447  Other / Off-topic / Re: What's your way of spreading Bitcoin knowledge? on: June 27, 2017, 06:38:54 AM
I share it through my earnings I tell them if they want extra money they can invest in bitcoin or do trading. But if they don't have the money they can join here in bitcointalk and I guide them not to spam and try reading first and the earning part will be next.
That is the best thing to do for a newbie as a guide in this kind of forum, we should refer them first to read the basics and also understand the rules in this forum so they will have a knowledge in the things that they need to do and the things that is not allowed here in our forum so if they will continue to explore it will be easy for them to participate in any kind of activity here in our forum.
7448  Bitcoin / Bitcoin Discussion / Re: When will the bitcoin run out? on: June 26, 2017, 04:43:05 AM
Bitcoin will run out if the miners will mined all the bitcoin that is available for the miners to mine and i'm sure after that maxed out bitcoins then the price will spike up because the only powerful in that time is the person who got a lot of bitcoin because he can dictate the price because of the amount of supply that he got but for sure it will take a lot of decades before we get to that point and it is not that easy for the miners to mine all the bitcoin because it needs strong computation.
7449  Bitcoin / Bitcoin Discussion / Re: Why some people prefer Bitcoin over fiat ? on: June 26, 2017, 04:26:09 AM
Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

Thats interesting because last time I checked cash was also widely used in the three industries that you've mentioned above and has been for tenfold the amount of decaded that BTC has been. With any type of currency you will always have people that misuse it, period. That will never change.

Yes that guy has no idea what he is saying. What is wrong with porn btw ? Like must we all live according to you ? Drugs ? What's wrong with it ? Buying online takes the black trade and dealer out the picture and makes it safer. Gambling ? Well that up to ewch person to decide. You can't say Bitcoin is to blame. That's like blaming eating utensils for being hurt when you trying to cut your food up and cute your finger ?

Bitcoin should never be blamed about those illegal transactions because even with fiat money, illegal transactions are also thriving. It really depends on the person how they are going to use it - whether fiat money or bitcoin. Now, it is the duty of our government enforcers to catch these guys.
Yeah, it's the duty of the government, anything that has a value and can be use to trade or barter can be used in illegal
activities. The government are smart and they have the power to trace any transactions so I don't think bitcoin has an exemption to that.
If the government will accept or adopt bitcoin to their country then that is sure that they will make a way to trace different transactions because it is a threat for a country if there will be anonymous transactions because it will become a question for them if those money that has been transferred is a good money or illegal.
7450  Bitcoin / Bitcoin Discussion / Re: Bitcoin market crash on: June 26, 2017, 04:00:57 AM
I'm just curious. What if bitcoin and any other alts market fall and you invested all your money into this. Would you rather do Panic Selling? and How would you compensate all your losses?




Never gonna happened because it is already a big industry so it will never fall to much in the market also the bitcoin demand is increasing rapidly these days so obviously the bitcoin price will also increase in the market but it is still risky and we know that investment in cryptocurrency there is always a risk here.
yes with the increasing population of bitcoin now the chances of crashing bitcoin market is almost zero. we have good experience in previous days that when the price of bitcoin start decreasing investors give good support to it and that is the reason that the price of bitcoin is still trading so high and hope that in future it will increase more and more.
Like you said the increasing population or demand in the bitcoin market then it is very sure that the price will become more expensive and its price will become higher for the next months or years. As long as the bitcoin is doing good in the both short term or long term then we can easily get confident that bitcoin will have a lot of price increase in the future. We just need to buy and hodl.
7451  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs altcoins because ... on: June 26, 2017, 03:25:36 AM
For me bitcoin needs altcoins because if you want to own plenty of bitcoin and you don't have enough money to buy then trade altcoins that way you will have the chance of having plenty of bitcoin.
That is not the only purpose of the altcoin. Each altcoin have a a projects to be done just like many ICO in the marketplace (altcoin) section, So in mu opinion the bitcoin need altcoin for the stability and balance of the cryptocurrency in that way the investors and whales will be distributed among the cryptocurrency.
Altcoins are not just created because they are for bitcoin and altcoin trading. Like you said, they are created because they have different projects or goal that bitcoin or any kind of cryptocurrencies doesn't have right now. Most of the cryptocurrencies have goals for the particular part of the whole so bitcoin needs altcoins because it will give meaning for the use of bitcoin and also to have another type of helper for improving our world.
7452  Bitcoin / Bitcoin Discussion / Re: Buy more bitcoin or wait for August 1st? on: June 26, 2017, 03:10:08 AM
We should wait after august 1 to see if the fork will have a great impact for bitcoin because the future is unpredictable and we might see a huge dump in bitcoin because a lot of people i know treat the event in august 1 as a selling point for their bitcoin so i think some of the other bitcoin user or holders think about the same thing so it is better to be sure than sorry.
7453  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a source of income? on: June 26, 2017, 02:55:05 AM
I also believe that bitcoin is a good resource for profit. The price of different kind of cryptocurrencies change everyday and you can only earn on the difference in rates.
Yeah the difference of the coins can be the source of income for us because they are changing rapidly so we can take advantage of it just like buying low and selling it for a higher rate which is called trading. Bitcoin is not only the source of income because aside from bitcoin there is a lot of sources of income like other altcoins and also investment from different legit sites.
7454  Bitcoin / Bitcoin Discussion / Re: What if Governments Shutdown the Internet? on: June 26, 2017, 02:43:08 AM
If government will shutdown the internet then bitcoin will die and a lot of people will suffer from huge losses because of this kind of action that the government will make but not only bitcoin and other cryptocurrencies will receive such a huge loss because most of the businesses of the government are done in the internet so they will have a huge loss also. In reality, they will never do that because a lot of businesses will have a huge damage.
7455  Bitcoin / Bitcoin Discussion / Re: What's going on? Bitcoin for the rich only? on: June 26, 2017, 02:29:31 AM
Bitcoin is for everyone as long as you have money to buy bitcoin even at it decimal form then you already own few parts of bitcoin. Bitcoin doesn't require all its bitcoin user to buy at least 1 or a whole of it because they can either buy it piece by piece or just work hard for it to earn it without using any penny on their pocket money.
7456  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin ending up like Yahoo in the future? on: June 26, 2017, 02:16:17 AM
Yahoo was the first (?) search engine at the time when Internet started.  It was the pioneer in its field.  In the late 90's its market cap reached to a high closed to $120B.   Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.

After 22 years, Verizon bought it for $4.8B.  Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?

What do you think?  Please provide your reason(s) to support your view.
Possible because the bitcoin have no platform at all it is simply the first and largest cryptocurrency and I think if new coin will be created with the great platform than bitcoin and the transactions will be not a problem in that new coin that will be the next bitcoin but no one can said the future so let's just wait.
Yeah, i agree with you. If there will be a coin like bitcoin but better features and a lot faster and safer than bitcoin then a lot of people will become interested to that and they will just go from bitcoin into that new coin and bitcoin will just die and get replaced by a better coin. Bitcoin needs a lot of improvement so in the future it will not end up like the company; Yahoo.
7457  Economy / Speculation / Re: Will Bitcoin die soon? on: June 26, 2017, 02:00:36 AM
Of coarse not,In the status of bitcoin now,its impossible to die because bitcoin is now very useful and very effective now adays.People tend to use bitcoin for their money and income.And many countries accept bitcoin as their money.So its very impossible that bitcoin will decrease or die.
As long as there is a dependent and using bitcoin then bitcoin will continue to live. I agree with you it is impossible if at this time even in the coming year bitcoin will die? You have to see the incredible bitcoin development today
We just need to maintain the support of the people in bitcoin as well as in the network so we can have a stable market for bitcoin and we all know that there is no one that controlling for bitcoin so if the demand and the support will gone then bitcoin will die so that is what we need to focus on to get more demands and support for bitcoin so it can last longer than we thought.
7458  Bitcoin / Bitcoin Discussion / Re: Invest in bitcoins today and be a millionaire in the future! on: June 26, 2017, 01:47:42 AM
Most of the people doesn't know this kind of opportunity (Bitcoin) so they are just depending on the regular source of income which is a regular job but if they will find this bitcoin then they can be rich or a millionaire in the future because based on the movement of the price it seems that it will go up more and after a few years its price is just keep moving up so i think we can really reach the millionaire stage if we have at least 1 bitcoin for the future.
7459  Bitcoin / Bitcoin Discussion / Re: What to do with the people who don't like Bitcoin? on: June 26, 2017, 12:58:12 AM

Nothing to do with people who don't like bitcoin every one having their own choice of like and dislike .I like the people who don't like bitcoin because less competition ??
I will not overpower them. If they do not like and are not interested in bitcoin. I will not force them. But maybe I will tell them that one day they will be very sorry for refusing to use bitcoin

Yeah before you leave them then you should at least tell them that possible scenario that will happen if they will continue to hate bitcoin because it is like a grab or grab kind of option for bitcoin opportunity because it is the future and soon it will make people rich if they will just believe in bitcoin and the people who don't believe in bitcoin will just stay what they are even after a few years.
7460  Bitcoin / Bitcoin Discussion / Re: We can't buy something with Bitcoin quickly on: June 26, 2017, 12:33:33 AM
I think it is very difficult if you just pay for coffee with bitcoin why?
Because the bitcoin system when you transact will require confirmation and it takes about 5-10 minutes, while your coffee price is not more than 10 dollars,
I think for now the transaction using bitcoin to the shop or restaurant there is a minimum price of about 50 dollars.

Yes, I'd rather not to use my btc just for one cup of coffee. If the price is $10 then pay $2 for transaction fee, that would be such a waste. Plus the long waiting of confirmation. Nah! I just use my cash instead of btc. Less hassle. No double spending.
[/quote]
Yeah, why we need to use our bitcoin to buy a coffee when we can use our fiat money to buy things like coffee without having any problem? Bitcoin is more worth than fiat so we should not just spend it on the useless things that we like doing the same in the fiat. We should just spend our bitcoin if it is really necessary like in emergency but for normal things like buying a coffee then we should avoid doing that.
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