they have been fined for not registering their exchange they didn't have an about us page....their exchange was hacked...OMG!! i don't know why people still trust these people of bitfinex..bitfinex had done nothing for the bitcoin..shame!!!
You can't blame bitfinex because they are just a site that tried their best to serve other people who want to buy and sell bitcoin to their site. It is all fault of the hackers because they bypass the security and put a lot of damage for that site and now it is closing the bank deposits because they didn't have that strong security for their site and i think it is just best for them to close their site. |
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Bitcoin price is too high, many hope it will reach 2000 usd but i think it is difficult, it will probably be stable at 1000 usd
It is already stable at $1,000 price and you can see that the price is keep rising even we think that it is high, bitcoin will go even farther because its price has no limits, as long as there is a demand in the market then bitcoin can easily get a higher price soon. $2,000 price for bitcoin is too easy to reach, we can reach that after 2017. |
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One vote for the agreement, the bitcoin banks will bring convenience to our transactions, everything is faster and more convenient than ever.
You maybe true but can you think if we have bank then it will be centralized and they can control everything like the market and they can control our money, then we are not the banks because we are transferring it to another place. We already have bank accounts for bitcoin and that is our wallet and we love being decentralized and hated of having a centralized market because that means lower profit. |
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the simplest way to earn bitcoin is from faucet (never profitable only for time pass) and second simplest way is to join signature campaign or other bounties And the risky way is to start trading or playing gambling. I advise to do trading an learn how to that. because the most of it based on skills and not on luck like gambling.
Yup trading is best source of bitcoin at least for me today, although i just got small amount of profit from trading altcoins but sometime if my active profit from trading be saved by the time, my bitcoin growing up every weekly because of active profit from trading altcoins, i know getting much profit from trading is not easy but getting active profit from trading is best than getting much profit for me. Trading is one of the best way to earn bitcoins because it is not that hard like forex trading to study, you can easily get 1 bitcoin with a just a decent capital from your bitcoins. You just need to be patient in accepting loss from your trading in the first few experiences because in the end you will be a good trader that can generate a lot of money from just trading altcoins. |
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-snip- That's why people get involved in alts. You can be a lot bigger than one in a million for a lot less. Although the alt scene is getting saturated. At the current rate of production I project we should reach 1 million different alt coin projects by 2023 (or 2019 if you include waves tokens  ) no, not for that, people jump on the various altcoin, just to gain more bitcoin, no one really care about them, you don't see people running around claiming that they will use one of those coins in the future actually that is a good point and i think it is somewhat true too. many people have this false way of thinking that since bitcoin went from 0 to a thousand, then an altcoin can to the same too. so they jump in and invest their money in the hopes of making a thousand dollar profit on each coin they buy. i have to admit that in the early days i also thought like this. there are many interesting projects out there and they get hyped up enough to make you think all kinds of crazy things, but behind the curtains they are all for short term pump and dump and profit. Well, it's one reason. Of course, most of it is ultimately profit driven. Most money in bitcoin is speculative as well anyway. The majority of a alt coins are scams but to say every alt coin project is a scam is to put your head in the sand. How can you say that every alt coins are scams? Then how can you explain what is happening on the market like poloniex and bittrex, if all alt coins are scam then they will not get a lot of money for their volumes and they will not continue to waste their time in improving their alt coins because i believe that few of the alt coins are the next bitcoin in the future. |
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I think it is not going to be happen that the government will accept bitcoin unless if bitcoin will become regulated, or centralize. But like what like what I said its very impossible. And they are the one that is responsible for knowing and studying the pros and cons of accepting bitcoin. But it seems that there were countries that likes to keep their ideas shut and doesn't want to let bitcoin intrude their economy.
It is possible for bitcoin to get accepted by the government because it can help the government to earn money by taxing remittances of bitcoin, bitcoin is one of the latest japan adopted technology and that is the proof that bitcoin can be accepted by the government, there is no doubt that bitcoin can do it, just believe in bitcoin. Nothing is impossible. |
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Bitcoin can do it, if segwit will be available for bitcoin too, If SegWit will be successful in litecoin then bitcoin can try it too and we can expect a good result just like in litecoin price, from around 0.004 up to 0.01 , that is a huge gain for litecoin and i think bitcoin can gain that big percentage also, if segwit will applied to bitcoin.
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Hii there as i said in my previous posts that i want to buy and hold my 4 bitcoins in some wallet and most users suggested me electrum.
Actually i am new in using desktop wallet i had some question.
What if my electrum wallets gets deleted or uninstalled from my laptop having bitcoins it it ?
What if my laptop get stolen/or its get corrupted and never get opened again ?
As long as you have the private keys of your wallet then you can make sure that everything is okay, so it is best if you do back up by getting the private key of your wallet and put it on a usb or in a safe place where you only know that there is the private key, so if somehow the worst case scenarios happen. You can still get your bitcoins back and nothing to worry about. |
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There is always risk in any investment but i think in bitcoin, there is only a small risk for investing your money on it. If you invest in bitcoin then you can sleep very well because you don't need to worry for getting a loss because in the long run, the price is always going up and that is good for long term kind of investor. Bitcoin is one of the safest for me and i trust bitcoin for having my money.
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Bitcoin is digital cash, but his potencial is very above then the gold, soo some people does use bitcoin to store value against their fiat currency, as well used for saving purposes as well investment at the same time. For me bitcoin is the digital gold, with amazing potencial to grow.
I too think bitcoins got a good potential, but I will never grade it more than gold, not in terms of market price but to hold it for a long term. Gold is gold and nothing can replace it. Bitcoin is another good option for an investment since its prices are more volatile so I don't want to keep more money in bitcoins. Because it has a chance of going up and down quite fast so I will invest more in gold and less in bitcoin. You don't need to treat bitcoin as literal digital gold because we all know that bitcoin is just LIKE gold but digital version because it is increasing every year and its price is expensive like gold and they are both good for long term. So i think it is considerable for bitcoin to call it gold v2 (Virtual Edition). But the only thing that bitcoin made different from the gold is, we can use it like cash also. |
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The probable drawbacks of it are that it's not widely accepted and some people don't try to understand it at all. Seeing what they try to make of Bitcoin is it has some kind of a bad name because of the possible usage of it in illegal things, money laundering for example.
That is not disadvantage of bitcoin because that is very normal for every kind of things in the internet or even in the real world, bitcoin is still young and we can't force other people to immediately adopt bitcoin without showing them the results and the advantages of using bitcoin. The only disadvantage for me of bitcoin is being limited on its supply because it means limited adoption for countries. |
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Bitcoin cannot be accepted by the government i think but still many companies will accept bitcoin because of the opportunity it give because of the all most billion user's that is using it it can give companies a lot of money but government cannot control the bitcoin even no one can hack it.
If government can't accept bitcoin then how can you explain what does the Japan did to bitcoin, they already accepted bitcoin to their country and they are already spreading the use of bitcoins by accepting it to the stores there. Government just need some knowledge about bitcoin to be able to be accepted by them. |
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Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
Why would they? The banks collectively are embracing SegWit as a way to destroy bitcoin, but that's about it. Banks are under the government, and banks will comply with all government regulations and requests. You know the government is very anti against bitcoin. So practically no bank will adopt bitcoin I think you are wrong because there are some country which is bitcoin is fully adopted and their government supports this digital currency like china and japan. I think in the near future bitcoin would be more popular in all country in this world and they will adopt it as their second currency. to me i although some countries are already thinking about bitcoin to consider it as legal currency but currency not a single country has fully adopt it as their national currency, may be in future they can adopt bitcoin as legal currency, but still not a single country has consider it as legal currency. Japan is one of the country that accepted bitcoin as a legal currency because they see future and pure potential with bitcoin and now they are accepting on their stores in different part of their country. Soon, more and more countries will do the same and it will become a huge move for bitcoin for being legal currency in most of the countries. |
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When the American and Chinese Governments declare that bitcoin is illegal, if there is a formal statement of American and China Government to ban the bitcoin then bitcoin soon die, because china and the United States is a great country that affect the world.
Yes that can actually make bitcoin die because china is one of the early adopters of bitcoin and most of the early investors and miners are out there so even just china banned bitcoin then the people there will sell their bitcoin and it will affect the market and the price will go down and it will make a panic selling situation which bitcoin's price will suffer. |
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What i like the most is bitcoin have a fast transaction anywhere in the world with just a split second you can send money in the world just using bitcoin wallets but there are some take an our in there transaction but still great idea.
Because it is the best invention so far, we need this to help the humanity benefit of faster and cheaper transaction cost, I am pretty convince with the predictions of some professionals that we will be having a bright future and as time passes we will more people who will be adopting. This is a sleeping giant and in due time it will surge and rise to the moon, the price will be beyond unimaginable if we will have at least 50% of the world's population. You have a very bold forecast. I'm not sure that bitcoin will become so popular. Cryptocurrency will always remain an alternative to the currency. Many people know about bitcoin, but do not use it Cryptocurrency will become popular anytime soon because people around the world are not yet aware for this kind of technology and they are just waiting for some orientation for bitcoin so they will know what to do and what is this, called bitcoin. People now are just open minded in technology because technology is one of the required thing for us to improved our life which bitcoin can help us in our life to become easier and less hassle like paying bills. |
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Invest in a trusted site invest your bitcoins there and then it will earned a capital even you do nothing while investing you can do mining or gambling to have time to earn another that way you can bitcoin in a great ways and multi tasking way.
Investing money in cloud mining and gambling is very risky. In gambling there is no guarantee that you can profit and In cloud mining we cannot know how long it will last. I would prefer investing in trusted ICOs or trading unlike in that two. Yeah although all forms of investment have risks, at least we know how much risk faced. I think gambling is not an investment, and cloudmining says it runs actual mining it does not matter although it takes a long time for ROI. But most of the time cloudmining is HYIP on behalf of mining. Better to hold bitcoin in the wallet, and may be occasionally used for trading. Thank you Risk is everywhere, even in investment, work or even in daily basis routine. We should accept that risk is involved in our life and we should embrace it and get used to it because without risk, there is no reward that we can get from our work or what we are doing. Cloudmining and gambling is just a piece of crap because it will not help you to become rich but you are just helping them to become rich, take REAL risk and not those fake risk because you will fail immediately. |
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Bitcointalk.org <- That is the best single link to educate people about bitcoin that is all around forum and all in one package, people can learn what is bitcoin, how to get started, what are the basic things to know, what are the basic source of bitcoin and also interact with the co bitcoin users around the globe. If you didn't agree with me then the single best link that you are looking for will be impossible because you will be needing a lot of links just to educate people.
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In my own opinion, bitcoin is both digital gold and cash because it can do both. Bitcoin is digital gold because its value is always going up every year and we can see that and it is digital cash because a lot of stores from the different parts of the world already accepted bitcoin as another type of payment method when you are buying items or service to them. So there is no doubt that bitcoin can do both.
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This will increase the price of coins, but you need to improve the system so that there are no failures due to a huge number of transactions.
I agree. And I think that the bitcoin blockchain system can never maintain a huge number of transaction daily if the whole world starts using Bitcoin. There will be another altcoin strong enough to sweep Bitcoin away Well currently it's fair to say that but what if there's a solution for a possible change in block size which will be agreed by all ? That's why I hate conclusive statements because nobody knows tomorrow. If you think the whole world will use it, I'm sure that they will try to catch up to to the furthest development for of the bitcoin project. People all over the world, programmers, developers etc will combine all knowledge to make an extraordinary update for bitcoin. Why would the whole world use a limited blockchain system?  That is the only problem for bitcoin to be used in all nations of the world; being limited in terms of supply. If bitcoin was unlimited to its supply then there is possibility to be adopted by the people around the world and their nation. But the disadvantage for that is bitcoin will become cheaper and more stable which most of us don't link because one of the things that make us interested in bitcoin is its price and being volatile. |
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Actually both are real money if you ask me, it's just that bitcoin has a good value in the market campared to fiat currency
Bitcoin is decentralized and more secured with it's anonymity.
The only problem that bitcoin is not yet legalized in many countries so you can't use it as a direct payment for goods and services.
I agree with you that they are both real money and the only difference is being centralized and decentralized and also being physical versus virtual and aside from that, it is just a small differences. Bitcoin and fiat is created with a very different features and use and fiat was the first currency and bitcoin is just an additional but they are still real money because we can spend both of them. |
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