Hi, I am thinking about investing in Bitcoin and Litecoin and would appreciate some opinions.
Hi that's a very wise decision op, I don't like alts so I will not comment much on litecoin, as far as Bitcoin is considered, you should buy on every dips, do not go to buy a whole Bitcoin, you should also know the prices are very volatile, so do not invest your whole lifetime saving in it. Also a reminder be careful whom you buy your bitcoin from, many scamster are there, use wallets like electrum only, and make sure no one knows your private key and seed. Also since fork is coming up you'll recieve more coins, there will be a procedure so see if a dip comes go for it. |
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So if you'll are a member of freebitco.in, you can see they have put up a statement regarding the fork, so this basically confirms it, Bitcoin gold and segwit2x is also coming, so the thing I want to know is how do I explain someone in simpler words what a fork is, like i said it's split of chains and new coins come. Also wanted to confirm say I have one Bitcoin so I get one Bitcoin in for of bcg or segwit2x like it happened in bcc, or I get coin of Bitcoin in Bitcoins gold, could someone simply this, also does electrum support it.
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hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
I have often seen people confuse Bitcoin and government against each other, while I do agree Bitcoin is designed to make sure that taxes are not paid, but if you see carefully one can make a strong case for Bitcoin and government to Co exist with each other, if Bitcoin is allowed to be used then, government can put a small fee over it, and imagine they would earn more than what their taxes are collected. So that's why they would allow it to grow, look at China and Japan for example. |
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Feel free to free your thoughts bitcoiners  . We are aproaching a major point of the bitcoin bull run so now let's monitorizate the bitcoin rally very very close. When you ask a question and someone opinion out here, at least state your own opinion and reasoning. See there is a very strong possibility of a rally happening, and currently it's happening to, from 2900 to 4500$ it has escalated really quickly. China is also back in the market, and now why it could stop rallying, there a fork coming, we will only come to know in few days time what happens. So for time being enjoy the rally. |
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Have you guys ever think to how long is bitcoin will survive in this world ? Well, I mean is there anything that can make bitcoin bankrupt or low price, then possibly will make bitcoiners doesn't want to invest anymore. And also is there any solution to avoid those thing. Just wonder to know.
Bitcoin is going to survive for a very long time and in the long run we don't need to worry, I dont think that bitcoin will ever go bankrupt, for example see because of china it went down to. 2900 and within weeks it's back at 4500$+ so I feel the fundamentals are preety strong. The solutions you speak, are you referring to segwit and other forks? They are already being taken care of. |
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Seeing a graph of the volume of BTC Volume by Currency And at the moment The euros only participate in a 3.24% of the volume very similar to the Chinese yuan of 3.21% In my opinion, the volume managed by Europe is small compared to the US dollars, 25.04% and the Japanese yen 57.36%. given that it seems that in Europe the bitcoin is better accepted than even the US. Is it because they are more stable countries and trust in their currency the euro that will not devalue much, or do not trust the BTC so much? in fact the pound of England does not appear, it is included in others.  I don't think this graph is showing a true pic, that I feel, cause most of the times, we trade only in dollars rather other currencies, even i was at a believe, that it could be traded only in usd before. I was informed later on even other currencies were good but then 100% of trades are often done using usd. So I feel even if people are trading in euro, they may be doing it in usd so that graphics is wrong. |
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Hi guys,
May I solicit your educated opinion on this topic.. as you can see Bitcoin have undergone a fork this 2017 and now there will be another fork again for Bitcoin Gold.. How sure are we that Bitcoin will perform its purpose, or will another Token or coin come into the spotlight, maybe not now... but most probably on the year 2021?
Thank you for the feedbacks.. All are highly appreciated.
Bitcoin is the original coin, and Bitcoin gold is a alt, get that, then even learn that no coin or nothing can replace Bitcoin ever. Bitcoin cash came and look now no one doesn't even talk about it anymore. Bitcoin gold will come and go, if you're wanting to invest or buy Bitcoin, keep on buying slowly and hold it for the long run. Ps how did you come up with the year 2021? |
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If there is any country which has thoroughly supported Cryptocurrencies, especially Bitcoin, it definitely would be Switzerland. Firstly chiasso in Switzerland had stated earlier last month that taxes can now be paid in bitcoin in the town, which I've not yet seen any country or city to do so, if you have, please comment the name of the city and country below. Read More=> https://zycrypto.com/switzerland-gradually-turning-bitcoin-country/Swizz are one step ahead of time, and they are very smart, I must say, collecting taxes in Bitcoins means double the income, for them when ever the price increases, also I believe they were accepting it for tourism also. Just a few hours to this post, some one had posted that that their school's and university are now accepting Bitcoins. I feel they could easily cross the numbers for Bitcoins used by any country, though I feel Japan will be the most used country for Bitcoin. |
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Universities are embracing accepting bitcoin for tuition, with Lucerne University of Applied Sciences and Arts in Switzerland the latest school to adopt. If anything, it's another clear sign the cryptocurrency is here to stay. https://futurism.com/schools-accepting-bitcoin-tuition/Even so... Bitcoin has been used to buy homes, and countries like Venezuela and Vietnam are beginning to truly embrace the currency. Now, certain universities are adopting the payment method of bitcoin for tuition, albeit with a few caveats. This is a very positive step for Bitcoins, I remember last year there was a article saying some schools in Asia was accepting and now a proper university, this just keeps on getting better and better, just think about it, some day Oxford and Harvard may adopt it to, and that should be massive. This year it seems every one wants a pie of the Bitcoin. All the negativity gone, people are finally understanding it's worth. If I remember correct swizz had started accepting Bitcoins for tourism, this time they got it in education to. |
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Do we still need to pay income tax if we earn through trading/investing in Bitcoin or Altcoins??  Why would you do that, who would do that, the whole purpose of using bitcoins is to save on taxes, earn more, if any one ever told you to use Bitcoins and pay taxes then you been badly misguided, no one can know if you have Bitcoins, then how can you be paying taxes, also there is no taxes officially, some countries do regulate it, until your countries regulates it you need to pay, if it doesn't you need not worry. |
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Then there will be a big LAN in Asia without physical connections to the outside Internet, Resulting in another small Internet emerging.
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
Will there be two Bitcoin systems co-existing?
Seems like you just had a bad dream, and you're being paranoid about China, first of all China just can't close its Internet cables, how will they do hacking, and cyber attacks, in the age of digitalization no country can afford to be without net cables and if it's any news to you, there is just a fresh update coming that China is planning to regularise Bitcoins. So no banning on the net. |
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Unlike numbers on a bank account, which represent legal liability of the bank and are backed by the collateral of specified real estate or other debt instrument that a borrower offers as a way for a bank to secure the loan, the numbers on a bitcoin address are completely void of any legal liability since software that creates them is not a legal entity which can have legal rights and obligations.
So basically, people are paying huge amounts of money to get some empty numbers which are then recorded in a public ledger on the internet. If nobody wants to accept these numbers in exchange for dollars, goods or services, they are as useless as a random number that I write on a piece of paper.
On the other hand, since dollars in a bank account are bank's liability, if nobody wants to accept dollars in exchange for goods and services, they will be settled over time through the legal system by transferring real assets from those who have received loans from the bank, since loans are secured by the collateral of specified immovable or movable property and they represent bank's assets. This comes from the fact that obligation to repay the debt would not vanish if nobody wants to accept dollars. Since the borrower received real assets for its dollars, in the absence of dollars the borrower's debt must also be settled by real assets. Alternatively, since dollars that are in circulation were exchanged for goods and services by some borrower and since he is obligated to repay his debt in dollars, if nobody wants to accept dollars the borrower is the one who is forced to accept them in exchange for goods and services otherwise he is unable to settle his obligation to the bank. Besides being backed by borrower's collateral, dollars are also backed by banks' capital and the ability to pay taxes. As we can see, dollars on their own, have real measurable value, just like goods or services.
Bitcoins on the other hand, don't have value on their own, and if nobody wants to accept them in exchange for dollars, goods or services, no legal action can be taken by their 'owners' to get some kind of value out of them. As such, Bitcons are just empty numbers on the internet, which means that people are exchanging real values for literally nothing.
How I wish this forum could have a option Bitcoin lover or hater, and hater immediately banned from this forum, this newbie comes here and cribs about Bitcoins, says number dont mean anything, we'll go to preev.com maybe your eyes will poop out and I literally mean poop. As far your banks, they are running scared, and if you can't see it, then you're dumb. I would advise you to grow up, and buy some Bitcoin, maybe you'll improve your knowledge. |
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Surprise surprise who's here the Chinese are back with a new twist, all the stupid drama just to regulate the Bitcoin exchange, all they could have done it without the drama, it's no surprise, that they have done it only to reduce the price and now they realize that their economy is slowing down and it's about time to fix it and then they decided what better way with bitcoin, I do hope they don't get much share again, they irritate a he'll lot. |
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What are you guys predicting will happen before/after the next fork?
Well it's a tricky situation for all, every time a fork comes it creates panic and excitement. Panic cause how will it effect the Bitcoin network, I feel Bitcoin might just go down a little but this time it could even be stronger than it was before. Then I feel many could be excited to cause like last time they would be able to claim free Bitcoins. That's why every one is seeing this good, but I don't like fork and I do hope Bitcoin doesn't get much effected. |
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I am not sure if anyone used this term before here, but would like to discuss with you guys, when we have great and working opportunities and abilities to travel and use full services using cryptos and Bitcoin only?
So far we can get services, food, museums, etc. only at specific places and countries. It's impossible to travel using only digital coins probably.
So what are your thoughts and future vision about that?
Yes crypto tourism is growing, there was this guy who posted here how he traveled with 100$ and 1 - 3 Bitcoins, he successfully spend his money in Bitcoins and saved his Fiat, and it's not just him, a couple of my friends were successfully able to spend Bitcoins, and I feel this is only the tip of the ice, more and more people will sooner or later spend Bitcoins, cause you can roam without Fiat, without the risk of it been stolen. Just the start. |
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I've been thinking about why people use Bitcoin a bit lately and its long-term potential. It used to be touted as an alternative to fiat currency, and in fact, the future of currency. Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution. I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
Your former conclusion I can agree that people are tired of fiat, and they want their money to grow money for them, yes every one likes their money to grow who wouldn't. Reading that, one could conclude you did know about Bitcoins, but you didn't cause Bitcoin is not a stable currency, even if people tell you it will be stable there is no proof that it ever will be stable, someone has mislead you on this and you need to get your facts really checked, it is and always will be a volatile currency. |
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In response to the hot pronouncements coming from JPMorgan Chase CEO Jamie Dimon who called Bitcoin to be a fraud that is doomed to fail, Palihapitiya has this response: "Nobody can stop it because nobody can control it. The idea that the government can put curbs on this is actually pretty specious." Rather than debate its status as a currency or its use for nefarious purposes, he said there should be a broader discussion about how to put it to better use. "As far as I'm concerned, the genie is out of the bottle," he said. "Now the real question is how can we productively use it to solve some of society's issues around the financial services infrastructure." Quoted from this site here... There are many critics of Bitcoin who see the glass to be half empty rather than half full and this can be quite surprising since many of them are actually successful in their own fields yet they feel the need to resist the Bitcoin revolution. of course, there are critics who are well-meaning and have no ill intentions whatsoever and there are those who are playing their hidden cards at their sleeves. Anyway, the most important thing is that Bitcoin is here to stay and sadly (or rather fortunately) it has not bubbled yet akin to the now-popular tulip bulb mania that happened a long time ago. The long history of Bitcoin is right now unfolding before our own very eyes and 2017 will go down as one of its most contentious periods. Look that ceo of whatever company has no work thanks to Bitcoin, his business is down and he can't do anything about it, so it's but natural he shall vent, Bitcoin is the best thing that has happened to humanity and centralized bankers were always going to be jealous and that's obvious, but they won't be able to stop the Bitcoin juggernaut. Now the IMF is also in favor of Bitcoins. This time we are unstoppable. |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I do love Bitcoins, and I get it, you feel that instead of keeping money in banks, you want to put it all, in Bitcoins so over a time your money makes you money, while the quote no risk no reward is nice, but going all in is risky yet one of the best way to make some money. Risk what if the value devalues, you could make some huge looses, if you need it urgently. Again if the prices shoot up you could have money that your bank's could never have made it for you. I would suggest to invest, but not all. Buy in every dip, and have liquid cash for emergency use. |
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Unfortunately, in my country you still have to pay taxes when you are cashing out your coins and also you cannot cash them all out you can only do in in a limit this way you have to pay a lot of taxes if you want to cash everything out.
That is, if you are going through the legal route. There are thousands of options out there to avoid taxes and it is up to you whether to use these methods or not. For example, you can order pre-paid Bitcoin debit cards from various service providers and withdraw fiat cash from the ATMs. Yes I agree you don't need to be a saint and go through the legal route, all you need to avoid the platform that take your private details, like name, address or any legal documents. Say if you have your coins, on coinbase.com or electrum how in the world will your government find out you have coins, all you need to transfer it to someone abroad or here in the forum or local Bitcoin. Ways are many, if I wanted to pay taxes why would I use Bitcoins. |
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Contact support about this(alex is probably busy with upgrades might take time for him to reply). alternatively check if your btc has been converted/invested in to ICO. you can login here( https://ico.bitdice.me/en/) if your btc was invested you should see your csno balance. Still no reply. Just sent support a THIRD email regarding the missing 1.3 BTC from my account. Anyone else had problems with this site?  You need to calm down, if you're not aware then Alex and his team have been really very busy, and they had highlighted to us that this would happen. Also the guy who raised his query for slot games I feel his query has also been answered. Guys I do hope you know this is an Ann thread, support may or may not always see here. Best is to contact them on site and then remain calm, they really are very busy with ico, so if it's not urgent, one should be considerate and not send to many support ticket/mails. |
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