So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.
In order for a country to fully regulate bitcoin, they need to gain the support of it's users to abide with their rules and regulations. They can benefit from legalizing bitcoin because transactions on it daily are done in huge volumes and from those transactions they can gain money from tax that can be used to help the economic system of a country. They can also benefit from it because legalization of bitcoin will help them gain more tax from it via acceptance of bitcoin to local stores. |
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Hi,
I have about $3000 to invest in Bitcoin Projects. I see so many tokens & ico projects here.
As Newbie, I am not sure how does it work?
Can some bitcoiner guide me in right direction?
Thank you
Like the one before me recommended, I recommend spectre.ai ICO to you, it is a good token presale that will surely give you profit in the future, as it is one of the most promising ICO's in this season IMO. It will be the world's first broker less trading platform. For more information about this, just click links on my signature, there is a link for whitepaper there and Facebook in case you want to browse more about it. |
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What are some of the reasons you've heard from people as to why they're afraid of cryptos?
The most common reason I hear from people I know that are scared of cryptos is that they are afraid to use it because they believe crypto is fake and is a dirty money used by hackers and people in the deepweb. Every time I try to defend bitcoin and explain to them that it isn't what they think it is, they just refute my reasoning with unreasonable logic and they tend to stick to their belief that crypto is dirty money. Well I hope they would realize soon that it is good. |
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Both neo and waves are both blockchain network. How come neo become more successful in terms of worth than waves without good wallet or much development like waves.
It is really a mistery why neo are more successful in terms of worth. The only reason I see is that waves has an equal buy and sell demand, which makes it stay on a certain price right now whereas neo have more buy demand than sell, which made it pump and go up in price. Another reason I see is that the value we are seeing on neo ain't real, it is only a value derived from constant speculation of investors. Also, the fact that it is china made might have had caused the difference between the two. |
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Can anyone explain how altcoin get launched in this market? Can everyone just create some new CC and launch it somehow or how does this work?
Altcoin basically gets launched in this market via development and anyone can create their own altcoin using the services of waves or eth for erc20 tokens. One can also create an altcoin of their own without depending on the two platform mentioned when they have knowledge in computer language and setting up nodes. Altcoins basically are distributed via ICOs or any other sort of airdrops but everyone cannot just create a new altcoin and launch it somehow or else it would be a shitcoin. One first needs a concept in order to start an altcoin. |
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This is stupid comparison because Waves and Ripple have no common feature.
Ripple is centralized coin / Waves is decentralized coin and platform
Ripple is heavily pre-mined / Waves had legit ICO phase
It really is a lunacy to even think about comparing the two. Ripple is just a manipulated coin and it makes the particular coin retain it's value apart from it's centralization. Meanwhile waves is a good decentralized coin that moves depending on the demand of it on the free market. The only question is when will waves go boom? Will it ever go up in the next coming months or not? That's what we'll find out later. |
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It will reach a cent before you know it, currently $1 is around 16-19k sats, so i dont really think it will be long now, as in a year maybe couple (or, you know, maybe never... )
So in this case, what will happen to the altcoins that are being traded with satoshis in exchanges? Will their price in satoshis decrease gradually or will they just keep growing with bitcoin?
Obviously, many coins and tokens shall grow as they deserve a healthy market cap worth hundreds of millions billions in the future, but what about the shitcoins that are bound to satoshi? If a coin stays at 1sat now, 20 years later they are still 1 sat and potentially worth $1 (if a sat ever is $1)?
I think it is possible for a satoshi to ever reach 1$ but the chance of it happening is low. In order to achieve this, the supply of bitcoin must all be mined first so it will take at least a decade for it to happen, maybe more. There is also a chance that satoshi being 1$ might not come to pass after all bitcoin must be mainstream and used as a main currency of the whole world in order to achieve it which I think is nearly impossible to happen. There are also other prerequisites in order for a satoshi to be at 1$ each. Fees must be lowered to 1 satoshi each for it to be achieveable. |
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Peter Thiel the co-founder of PayPal is convinced that Bitcoin could be digital gold and has the potential to take its place as a reserve currency. He compared many of the features of Bitcoin to gold, like its limited supply and that it is mineable. It's like a reserve form of money, it's like gold and it's just a store of value. If Bitcoin ends up being the cyber equivalent of gold, it has a great potential left.
Source Here! This man is speaking from years of wisdom and experience especially being a part of the PayPal success story and now he is one of the many big names who are promoting the advantages of using Bitcoin both as a currency and a store of value. We will see in the coming years if indeed Bitcoin would be playing this role big time as we are now seeing many evidence for a bigger picture along this line. Maybe in the person of Mr. Thiel we are finding a nemesis of Mr. Jamie Dimon who openly criticized Bitcoin as fraud even if his firm's clients are also into it. Welcome to the new gold standard...the Bitcoin. It is nice to see that Peter Thiel, the cofounder of PayPal sees bitcoin as the new gold in cryptocurrency. For sure this will somehow help boost the price of bitcoin to a great extent since he has a lot of experience in financial investments. I hope more professionals will trust bitcoin and stop calling it a bubble. I also expect that more countries will start or started to show interest on Bitcoin and to legalize it for faster adoption. |
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i find this post in Meta Section please read it Before waste your money Anyone can create a Bitcoin-derived altcoin like "Bitcoin Gold" (BTG) at any time with no cost. BTG is a scammy cash-grab with no ideology and no economic support, not something serious like Bcash was. That's not to say that it's impossible to make money by trading it, just like with other scamcoins, but I'm not going to get into the habit of writing announcements and guidance for every Bitcoin-derived scamcoin. If you want to do a dangerous replay-unprotected coin-split maneuver in order to claim tiny fractions of your BTC in airdrop value, that's on you.
I will write a guide later for B2X (split time in mid-November), which is more serious. After that, the bar is going to be awfully high to get me to announce similar things.
This is nice coming from theymos himself he is the admin after all. Even he sees BTG as a trash and isn't worthwhile to invest into. I really hope this lunacy of a fork train stop already, it has gone to far from the intent of developing bitcoin tech into a cash-grab intended alt hoping to be bought by masses just because it stemmed from bitcoin. I cant blame them though after all who does not want free money? |
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It is surprising to me to see bitcoin recover so rapidly, I suspected it would happen ahead of the fork again next month but I did not expect it to be quite so rapid.
The question is if it is healthy for bitcoin or not? I think it is not healthy for bitcoin since a rapid recovery in price tends to be followed by corrections afterwards. Still, I think the current price rise is good and probably after this rapid movement it will stabilize at some point to build up momentum again. I also expect that price would rise more by December because many users will have extra money to put into btc. |
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When do you feel the Bitcoin bubble will burst and what will happen after?
The rise, decline, rise further pattern- when will it go down and never come up?
No one can say for certain when bitcoin bubble will burst. In fact, bitcoin bubble bursting may not happen because it may not be a bubble in the first place. If bitcoin is really a bubble, it is the first time that I have seen a bubble being so resilient despite many people calling it a bubble. It will probably never go down to never recover again because adoption rate is increasing so fast, it even got legalized on some countries. Many people uses it too and unless they stop using it, rise and dump wont stop. |
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Bitcoin is heading to $10,000, CNBC survey says https://www.cnbc.com/2017/10/20/bitcoin-price-is-heading-to-10000-cnbc-survey-says.html- The price of bitcoin could be heading to over $10,000, nearly half of respondents to a CNBC survey said
- Just over a third agreed with JPMorgan Chase CEO Jamie Dimon who said "you'll pay the price" for investing in bitcoin
- Sixteen percent of the 23,118 people who voted said bitcoin will hit between $6,000 and $8,000
I believe like you that bitcoin will touch those said prices but I think it won't in the near future. For now bitcoin will be going down ATM and build momentum again for an upward trend. It will only take a week or two in order for it to recover in current price. Probably bitcoin will hit 6500$ in the next price rally and reach 10000$ slowly but surely. |
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The last bubble was in 2013. Bitcoin is not a classic bubble, but still be 'suspicious,' says investing expert William Bernstein https://www.cnbc.com/2017/10/24/william-bernstein-bitcoin-is-not-a-classic-bubble.html- William Bernstein is a neurologist who became a best-selling author on investing in the 1990s.
- Bernstein does not believe bitcoin is a classic investing bubble because it doesn't fit all four of the criteria of manias he developed.
- "Unless [you are] an expert on blockchain technology and bitcoin, stay away. Don't invest in things [you] don't understand," Bernstein told CNBC.
Do you think we're in the 5th bubble? For now I can't say what is the real right answer after all, bitcoin is too resilient ad of the moment to be called a bubble. At the same time no one can determine a well set upped bubble until it burst so I think at least for now that btc price might be a bubble that got so resilient because of something that is temporarily keeping the bubble whole. If it really is a bubble, we will now it in the next coming month. If bitcoin proves to still be standing on the price ranges it has now, it ain't a bubble. If it goes back to a low price by December then btc is just a bubble. |
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I personally honestly can't be sure, but I think it seems that bitcoin price will still be able to generate a moving towards higher again, which clear I thought bitcoin price will stay above $5000 and will not go down further from it. Well I'm just guessing it only, to predicting bitcoin price that was easily influenced by many things indeed isn't easy.
Im sure for now the outcome is certain. It is now certain that bitcoin price fell after the October 25 fork. As expected it didn't fell that much. In fact it is like btc only going back to it's former price before the current fork happened. Probably today onwards, btc would be on a continuous fall of price that will last for a week or two before it recovers. There is also a possibility of bitcoin going down below 5000$ because in times when massive price increase occurs, the aftermath of it is a tremendous price decrease but I hope it won't happen soon. |
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It is a good move for now, many people made money after all. The only question is if it will be a good move for this lunacy to go on? As far as I know there is another bitcoin fork upcoming which is bitcoin silver. I have read a thread about it here in bitcointalk the day before yesterday which offers yet another bitcoin hardfork that is not that good to use at all. My final opinion is that having this fork is a bad move in the long run. I hope bitcoin silver would be the final fork in the next coming months. |
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$10,000 by the end of 2018 is not impossible but it’s a large increase on the current price. We’ll have to wait & see but I don’t see why not.
For sure bitcoin will reach $10,000 before 2018 ends. Bitcoin have built a lot of momentum and adoption rate increased which will make it possible for bitcoin to touch the speculated price even if for just a bit. It probably won't go any lower than 5000$ now since btc is legalized in some countries now. Still, I don't deny the possibility of it dumping below 5000$ in the next coming years. The only question is at what price would it consolidate for now? |
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Just wanted to know people ideas on what is the good and baf impact of BTC in the economy of a country. I am glad to hear different people views regarding this matters and get some ideas from the tenured people around these forum.
The only possible impact of BTC in an economy of a country is just giving extra money to tax to since they tax people who will declare that they are self employed and most of the time those who go full time with bitcoin declares that they are self employed. Bitcoin might also open a way for those jobless ones that have access to computer to have a source of income in the internet. Besides it, i dont think bitcoin can ever help greatly on improving an economy. |
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Or others Criptocurrencies I mean.. I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff. It has to happen ( even if I don't know how ) I bet in China  As far as I know there are some countries that legalized bitcoin already. One of those countries is Japan. Not long ago, they have announced the legalization of bitcoin on their countries. Some other countries announced that bitcoin would be taxed and considering that it will be, bitcoin is already legal on those countries the moment government starts to tax btc transactions as well as crypto transactions. |
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I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?
Big economists says that bitcoin is a bubble because they doubt it for it's fast increasing price. Probably if they got to know more about it, they might get interested with btc considering that it gives off faster profit than stocks. It's adoption also increases day by day which makes it go upward and downward depending on the latest happenings. I also think that some economist have already invested on btc but for some reason they are trying to get people away from bitcoin specially newbies. |
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I looked at my web search history and I see that I searched for bitcoin back in 2013, 2016 and 2017. In every instance, I saw negative comments, especially from mainstream media and how useless bitcoin is. Most of the time apparently I went to bitcoin.com and it did not convince me to get bitcoin. I vaguely remember going to a faucet one time back in 2013 but it was full of ads and I did not get the concept back then  This happened until after I was fired from my job and saw the high increase in 2017 July, which is kinda late. I spent like 2 months to figure out how to send fiat money to a good exchange. These are the bumps on the road to the general adaptation of bitcoin. Do you have an idea on how we can make Google search bitcoin-friendly? Even now the top three search results come up with: Bitcoin rallies to hit a one-month high but experts warn of a volatile upcoming event C[Suspicious link removed]m · 23 hours ago Bitcoin's price bubble will burst under government pressure The Guardian · 18 hours ago Collapse of Bitcoin Inevitable According to Harvard Economics Professor CoinTelegraph · 5 hours ago ALL NEGATIVE! The most effective way is to not believe those news itself, they are fake news after all and those experts are just trying to bring bitcoin price down for them to buy it cheap. Never trust what a third party says since many just inform you about news which wre fake sometimes in order to cause FUD. It is better for ya to check to validity of the news by researching about it. Don't believe posts or news with title using the word expert, most of the time those are just FUDs if it is negative. |
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