This is why I say, trading is actually gambling. You cant predict a coin's future by just seeing its team or the value. Lots of factors comes into the picture when you say unpredictable.
True. This applies especially to cryptocurrencies. We have to keep in mind that these are highly volatile investments. Not only that, these are risky investments particularly because they do not have regulation. You can wake up with all the richness in the world in the same way you can wake up with absolutely nothing. And because it is intangible, it can be gone in an instant leaving you no vested right to claim against authorities. It is actually investing at your own risk. So, we better be smart! This is actually true and which i do believe too that it would somehow need luck for you to be come millionaire on this trading world and yes its indeed and unpredictable job after all since prices would really be volatile and as being said you would possibly wake up to be a millionaire or either a broke person if prices would go as planned or on opposite way this is why we should really be a risk taker and do ready on the risk on the first time we do invest. |
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If we were taking globally, then yes, but not in our lifetime.
Sweden is only one of the few countries that are already practicing a 'cashless society'. Scandinavian countries, are another. But, some parts of the world don't even practice a credit system.
Even most developed countries like America and Japan are still reliable to paper bills for their day-to-day transactions.
There is a possibility, and digital currency is helping create that vision. Cheers!
Japan is one of the few developed countries that still uses cash extensively, which was quite a surprise for me the first time I went there. I even had to pay rent in cash at the bank and couldn't just wire transfer it... Wasn't exactly fun having to go to the bank or a convenience store every month just to pay bills. They did really legalize bitcoin but doesnt mean they are removing already their tradition fiat system.It would really still remain no matter what.They might already adopted it but cash wont really be extinct no matter what.How they would deal such thing if their currency would be converted to bitcoins? It would really be a complicated thing for sure. |
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I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.
I want to know other important uses of it.
Basically, you numbers one to three are the same purpose: For Transaction, while number four is investment. Just like one does with fiat too or any other article of value. These two categories are the major uses of the bitcoin. If you do categorize them then it will just show up 2 things which same as you said it can be used on service and on investment side too.For now some services isnt really available on most countries but yet we can able to see that it is already being adopted on some parts of the world which is good but for those places who arent able to spend or use on services would most likely to use up their bitcoin holdings on investment matters. |
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If you don't actually care about Bitcoin price, how would you multiply your bitcoins? Which Altcoin could be relevant to invest in - remember the price increase in satoshi is a goal not in $ ? Maybe some heads here have another idea, I would appreciate all help. Please Don't think in a way that of course, everybody wants to do this - but actually not , everybody wants to earn money-FIAT but I would rather multiply bitcoins and just keep them:) I'm interested in your strategy guys !!
They only way is thru diversification if you do really like to multiply your bitcoins.If you do tend to hold up for long term then its possible but it would really takes time and for sure not all people do really have the patience to keep their coin on idle state.You can possibly increase your holdings just like trading on alts on which most people are suggesting the same thing. |
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I think it's perfectly natural if bitcoin is taxed
I guess so because the government will be depending to bitcoin by that time and it's going to be a very good help to the country, to other bitcoin users that are happy with this and it will be disappointing to the bitcoin users that really don't stand with this type of idea. Actually, there is nothing to worry if having taxes imposed for those who are holding bitcoin unless it is not being abuse by the authorities. Paying taxes is just a big contribution to our economy, at least we can contribute even in a little amount. All generated taxes are for their projects that the community can benefit on this. There's nothing to worry because we all love that the government will support bitcoin and this is just the return of their support. When bitcoin will be taxed, other alt coins should be imposed with tax too because we are mostly focus with bitcoin, the government rather. As the taxation will start, others can possibly jump to alt coins that doesn't have tax so it's fair that all crypto's will be taxed. We will have to pay the tax to the government if and only if the government announces it to be legalized across the country. In that case, this will help the government to make the economic situation of the country better but it will also take the money from the pockets of those who are having bitcoin as by now, they are not paying even a single penny to anyone in the form of tax. Actually bitcoin is making economy of country even more better if they study about bitcoin seriously if they don't study about bitcoin and they want to ban bitcoin then it's there big mistake because bitcoin is making everyone life better while government cannot play that role like bitcoin. So it's better for every nation to allow bitcoin if they want to become a best country around the world by economically. I dont think soo which bitcoin can really improve ones economy since we do know people can potentially not able to pay their taxes correctly once they do accept bitcoin knowing on its anonymity aspect it is really possible and this is one of the reasons why most government doesnt really accept or adopt bitcoin because it cant be taxed directly but yet they can impose taxes on the services involve on it. |
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The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?
Well, that’s it. We just stare at it and nothing else is gonna happen. There will be no more mining or anything similar to that. Every faucets is likely to close down also, and there will be no more free money. We are then left with a particular amount and the only thing I think will happen is people starting investment in altcoins. I do assume the same thing too which if people find out all bitcoins have been mined already then we do really seek for another coin for sure which we can actually able to make money or even mine it but yet the price of bitcoin would really be valuable on that time and the miners will really only focused on pushing transactions since theres no bitcoin that can be mine at all. |
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Altcoins are dying and some will be dead. Bitcoin murdered them and now I want to murder my self.
Lolol hold on dude we in the same boat. The waves are rocky right now but the boat has not tipped over yet. Lets wait a week or two and see if alts dont do a recovery dance real quick. That will give you indication if you are truly in a sinking ship or just a rocky one at the moment. Time will tell all  I agree on what you have said on which we are really just on the same boat on where the stress and frustrations seeing our altcoin holdings are most on red which would somehow give doubts and panic which i do really say its normal. Havent you get used to cryptoworld? This thing do really happen for sometime specially when theres an event. Eventually prices would really goes back to normal. |
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Even if people are not using bitcoins or not aware about bitcoins we are heading towards cashless society where people prefer to pay with debit/credit cards at a moment and when they will come to know about bitcoins I am sure many people will start using bitcoins for making payments.
Theres a possibility since we are evolving when it comes into technology when there would really be a point on where theres a proposal for such cashless society which would decide up to make things digitalized specially on monetary system. People will surely be forced to adopt it because government do really require but i would say this kind of adjustment would really takes time since not all people do really have the knowledge on such digitalize things. |
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I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
You are actually doing trading already since you are making 0.001 btc which no matter how small amount it is as long you do already make money on just trading then its considered you are already a trader.The thing here is that you do like to maximize your potential income by doing it which isnt really easy at all but yet you can just stick on how you do make trades as long you do profit then it should be fine. |
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Applying for airdrops is the best and safe way to earn ether. I earned more than 2 ether by airdrops although I'm still a newbie.
Good for you that you did able to earn 2 ether and i assume that you do earn that amount on joining on airdrops?Am i right? Since this is the most common way for now specially on lots of erc20 tokens being launched as of now on having their airdrop and even newbie would able to join that one because it doesnt really require ranks when you would take part.Some of them do require but some doesnt really care at all as long you do comply on what they need. I also did that when I was in newbie rank and even now I still applying for latest airdrops that I've found now. But there's a lot campaign in Bounty ICO that you may able to earn etherium ,like social media ,signatures,transactions and many more options. Yeah, social campaign always open for anyone and the salary from this campaign also high as signature campaign. Especially, you do not need to spend much time to farming your social account as signature campaign, create accounts social is not difficult for us. This is true. which social accounts can really be used for bounties which a good sideline rather than standby which i do really do this thing to make money and yes you can really earn some good amounts but yet would depend if a certain coin or project would succeed. These social campaigns doesnt really require too much time compared on signature and other task. |
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Applying for airdrops is the best and safe way to earn ether. I earned more than 2 ether by airdrops although I'm still a newbie.
Good for you that you did able to earn 2 ether and i assume that you do earn that amount on joining on airdrops?Am i right? Since this is the most common way for now specially on lots of erc20 tokens being launched as of now on having their airdrop and even newbie would able to join that one because it doesnt really require ranks when you would take part.Some of them do require but some doesnt really care at all as long you do comply on what they need. |
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i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
Trust can be build not in a couple of days or weeks. When a new coin started to bloom, i will also start my trading, i will just try at first if it will work well and if it does, i will eventually put or invest again. This is true and usually i do this stuff after a certain coin would bloom up specially if i see theres a community interest on it and besides the project do really have worth to be invest on. These are the things which i do really trust into a new altcoin and not all are scams if you can really able to identify with proper research then getting scammed would really be on less chances for sure. |
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Quantum computing could iirc make cryptography, including ECC weaker (a 4096 bit key would be as easy to break as a 2048 bit key is now). However, if we could get people to agree on it, we could change Bitcoin to use a newer, quantum resistant system.
We would really come to a point on where quantum computers which do have the capability on such decrypting then it would really affect bitcoin for sure.There would really be disadvantage but this thing would really give some advantage to improve more regarding bitcoin technology. |
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Bitcoin is welcome in Thailand...
Thailand has had Bitcoin in place for some time and I see the government is preparing for the future and how to en brass Bitcoin. It is not unusual to see a " We accept Bitcoin " In all type of stores.
This is really great for Thai People and the Tourists that visit......
Its glad to see that theres is a gradual acceptance and legalization on bitcoin on some countries. First is on Japan and been followed already by some.It would be great if it would really be available in my country too on which you would not need to exchange your bitcoin actively just to spend it.This would really be an eye opener on some countries which would possibly accept bitcoin later on. |
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The hard fork for Ether, Byzantium – the first leg in the update – will occur at block 4,370,000, or roughly Oct. 16, which is tomorrow. How do you think it will affect ETH prices?
It seems that they already have a bug, patched it but I don't know.
So, how do you think ETH will be price wise tomorrow?
This one passed very quietly. I was expecting some price fluctuation at least. But it passed like nothing happens. Any ideas should we expect something more? Agree on what you have said here.This fork doesnt really give any impact at all.Price did still able into a stable state which theres no a pump have been found but the thing i do observe is the transactions are now even faster compared on before fork.Which in every transactions i do make even putting 2 gwei or minimal gas do confirm faster than before i dont know for some but this is the thing i do observe. |
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This kind of action seems too greedy into my own eyes. They are risking and believing too much where comes to a point they sold everything and put in bitcoin.This is really like suicide thing.It would be heaven if their hopes on the price go on that way but what if the opposite thing happen? For sure they would end up on living that campsite forever. Correct. They do believe too much on bitcoin but it isnt really a bad decision at all but it is really risky same as you said because price isnt really guaranteed that it will rise up in the future that would really makes them a millionaire.We cant predict on what would happen ahead which means there would really be only outcome on this kind of risk taking. Profits or total wreckage of their money. |
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Hi!
A month ago I started to trade with 800$ and within a week I reached 1100$ from trading in alt and btc.
But for now I am gonna start again but with 150$ i wanna reach 1000$
is that hard? What should I do exactly? How long should it take? I need max tips from PROFESSIONAL traders please 😂 Because this is all what I got for now and really need to pay for college and so
It will be hard for you if you are new to this platform and I advise that you seek some professional traders advice nor maybe you should learn from past trades you've got so that you can reach your aim. And also don't be greedy to see if the coin is pumping since you can be deceive by a sudden dump if you will aim for so much high profit in your heads and just trade with precaution since hype is all around. Even professionals wont really help you out but somehow you can get some advices from them which you can actually apply on your trading style and more.Just keep on the things you do back in the past where you did gain $300 in a week which isnt really bad at all but talking to have a capital of $150 to reach out thousands bucks would really be a hard thing.You cant be sure if you can make money anytime on doing trading. |
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altcoin's fad, bitcoin legend  Altcoin fad? But you can make money out of it if you do know how to diversify your money between altcoin and bitcoin itself and come to think off that there are some things which really cant be found on bitcoin which we can able to see on alts which we can really presume that they can still be consider to have potential. |
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Anonymity brings scam opportunity. That make criminal people for powerfull. But on the other side we have more good people who believe anonymity is important for real life.
Theres is really an advantage and disadvantage of anonymity but most likely it is really being abused on the negative side which do people make use of it on criminality and we cant do anything about it. People scam because they in need of money and they dont really like to work hard for it thats why i do treat those people as lazy ones. Easy money would always comes into their minds sad to say but they can really milk out other peoples money. |
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I'm trying to understand why are so many people against bitcoin? is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?
Those people who are against on bitcoin are those people who are blinded by media or informations made by other people which do really give them first impressions because mostly people do mention on the negative side of bitcoin but if they would really took it deeply and try to understand its positive aspects for sure they would really change their minds. |
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