What's the source on Bitcoin being banned in China? Can you really not use it by law as a citizen living there?
No wonder such propaganda news are spread everywhere. New people entering the market obviously get tempted to get bitcoin but are in a dilemma when the see the huge price of bitcoin. Thus they resort to scaring people into selling bitcoin so that they get a cheaper price of bitcoin. I dont know when this news was seen or if the source was true or not and this is just a FUD rumour. Even if people do sell some bitcoin thinking their country will also ban bitcoin there are methods to anonymize yourself and still use bitcoin.
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Banks and other financial institutions consider bitcoin as a threat to their economy since the appearance of a transparent blockchain only makes their corrupted nature more visible. That is why they also cannot accept blockchain technology in their work as well. So they will pay people or themselves work to tear down the image of bitcoin and use scare tactics to make people sell bitcoin and get out of the market. This has been happening for a long time and then people are nowadays becoming more tolerant towards such propaganda. People assume these things to happen and only buy more bitcoin during dips and this is good for the economy.
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No country accepts bitcoin as official currency - there has been a lot of official talks regarding this but no one is ready to accept it. This is understood because the governments run on taxation and there are people who tax the citizens. Bitcoin stops this and does not allow any taxation however a citizen may pay them still if the governments ask for it, but not involuntarily.
Since bitcoins are not regulated there is no way that the countries will be able to tax their citizens and the banks will collapse. Corrupt governments will no longer be able to operate like usual and thus there will be a distortion in the economy.
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As I am new into bitcoin, may I know how the money supply of bitcoin is controlled since it has no central repository and it is encrypted? I think you should do some research than posting is this forum first. The whole idea of bitcoin is to prevent any central organisation from controlling the economy - which is what banks used to do all along this time. Bitcoin is powered by the blockchain and there is no central repo as you say for that. Every transaction is transparent in the blockchain and anyone can access it from the internet to view older transactions. The money supply is fixed for bitcoin and the miners only mine the blocks and get fees for that. As far as control, there is no one controlling the supply and you are in charge of your own money.
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Satoshi is probably has own reasons why he/she/them left the scene. My opinion is that as bitcoin prices gradually rose upwards there is a craving among people to get more bitcoin so as to get rich. If this Satoshi was a known person and because his wallet has a huge number of bitcoin stored in it, he/she may have been a target to robbers. People are always trying to illegally earn bitcoins and they might have forced him to submit to their demands. Also there is also the legal responsibility that many government spies may try to attack him and extort information. I feel what he has done is correct - gave mankind a boon and left them to deal with it.
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Follow MoneyRebelTeam - Already Following them Post twitter account link - https://www.twitter.com/TheUltraElite1Post audit link - https://www.twitteraudit.com/TheUltraElite1Post # of your followers - In audit real followers = 1848 and there are 2141 in total - I dont know which one to put in so I wrote both. Post BTC Address - 19AP5SudnQGEsTiq9XdYgpGNe1ADwze38u If accepted post links to your tweets in your application - Awaiting
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Honestly speaking I hate Kik. It was there preinstalled in my old Windows phone where I did use it for a couple of times before I removed it.
My reason is simple: Kik is just full of the same old "faceache" and "instahater" addicted anorexic young pieces of scum who like to show off their nude pics and tattoos and being a hippie. All these things are ruining the lives of people these days and I do no support it in any manner. I believe crypto has a good future and that Obsidian may be better platform that Kin.
I know why this is being pumped and I would suggest newbies in the market not to invest in Kin or any such crypto being pumped by this group - there is a user on youtube who runs this group and they are pumping some cryptos there and they will dump soon and if you are unaware of this then you may lose and see that it has become a shitcoin.
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In any case whenever prices fall below 3500USD/BTC I buy small volumes of bitcoin and hold it. Because in my experience whenever there is a fall a rise will follow.
^This. Imagine if you had been buying BTC on "dips" all the way from 100-200 USD prices (its where i first came to know about BTC) because at that range, reaching 1000 USD was almost unimaginable. It was just a tale of the past, at least to me. Then it happened, and I did not have nearly as much BTC as i would like to... I would definitely recommend, if investing for long-term, to check price a couple of times daily and buy lesser chunks when it pulls back. My personal prediction is that, at some point in time, BTC will break 8000 USD level. I doubt it will be within 2017 though.. Everybody wishes and thinks that bitcoin should be bought when price is low or drops substantially. Problem is with the two things : 1. fear 2.greed * Many have fear of losing profit margin if dropping bitcoin trend starts showing upward movement. And this triggers the greed of earning more and more profit. * In a way purchasing bitcoin at drop looks appropriate but who knows when market would show upward direction when downward movement. * That is why it is better and safer way to keep on buying small amount at constant interval. If situation like JP Morgan arises where market suddenly goes in tailspin mode then that is clear indication of buying in chunk. However these kind of instances are few to work with. Trading should not be done with a weak heart - nothing personal and no offense but I believe every trader to be successful should get rid of these emotions : fear, greed and jealousy. If you fear then do not trade at all because the fear will make you panic and you will be the same as all other panic sellers. Greed and jealously will only make yo stubborn unable to accept correct decisions. I believe that bitcoin price will keep on increasing and I am ready to hold it for at least a decade if not more - I will pass it on to my successors if necessary. Because I believe in the bitcoin economy and that it will take over the fiat economy. If you differ then and would like to doubt if prices will go down and that you will lose money - you are thinking in self defense and I suggest you not to trade at all because this mentality will stop you from making any serious money.
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People who use bitcoin are the ones who control the price of bitcoin and not some critics who go around making comments about bitcoin. If they are doing something they are doing it for a reason and that is to manipulate the market and make the people panic sell at which point they will pounce on the price and buy more for themselves. Government's fiat money is having no specific transparency via which they can be understood to be real or fake. Bitcoin being a public ledger removes this issue and thus they see it as their fate.
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It will all be a repetition of what happen when the first fork occurred. People will be buying and stockpiling bitcoin these few weeks. Then they will obtain their new altcoin and then it will be dumped along with some extra bitcoin leading to a fall in the market prices of bitcoin and the new fork of bitcoin. This seems to be the trend now. People are making cash by using these forks as methods to get free lunch. Gone are the days when people used to work hard to earn bitcoin and spend it.
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Previously I was in the Viberate signature campaign. Their ICO was sold out in 4minutes 42 seconds and was one of the fastest selling out ICOs of 2017. Raised 10mil USD and the number of token holders is only 670 approx. They are launching the VIB token an ERC20 token for the live music segment. I personally think this project is better than any other blockchain based project on music and that too live music. They are going to start trading in the BTC/VIB market from tomorrow October 6th.
This ICO in my opinion will be able to "go to moon" because of the huge buying pressure that will be there in the exchanges. The ICO price was only 10cent but the exchange price will be much higher.
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In my opinion I prefer to buy lump amounts when prices are low and hold that for long term. If you are willing to do short term trading then I suggest small buys. Both options are good and both are profitable if done properly but you must keep an eye on the market closely if you are doing short term trading. Because I dont know much about SIP I am not commenting on that. What I am saying is from my own personal experience.
In any case whenever prices fall below 3500USD/BTC I buy small volumes of bitcoin and hold it. Because in my experience whenever there is a fall a rise will follow.
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Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
Bitcoin is not owned by anyone. The number of bitcoin belonging to a specific address is accessible only to the person who possess the private key or seed words. If the owner of such a private key dies without having kept and backup for their successors to access it then the coins are lost forever in the blockchain and are not retrievable. Thus one should keep a backup with proper instructions for their successors to use their bitcoins after their death - Otherwise they are lost.
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I like taxi. I think this is a good idea. I hope in my city also accept bitcoin. because everyday I use taxi.
How do you think taxi drivers and owning companies would accept bitcoin in future? Do they know that much about the technology that they believe it would help? If they do then it will be a breakthrough in the industry and then major companies may start to use it too to stay in competition. However there is Uber in our country as well but here to use of bitcoin is only among few people who mainly trade it rather than use it a currency. So locally I dont think it will make much of an impact. But globally it can be a new step towards to acceptance of bitcoin.
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Recognizing a scam ICO is tough according to me.
If you talk about the ICO getting good investments and the success of the ICO then it is a different thing. But an ICO turning scam later on can be tough to judge in the early stages.
Fake team members and fake profile pics - immediate red flag. Newbie accounts making daunting tasks seem very easy by using blockchain technology - definitely a red flag. If there is a Whitepaper but with no clear goals defined or the whitepaper makes no sense at all - thats a red flag.
If their token seems similar to some other token which was successful in near past then there is a chance they may be scam.
However it is very tough to judge whether the ICO is a scam or not and you should do your own research before investing in any.
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Quite frankly with the advent of bitcoins new cryptocurrencies are being introduced day by day. that could be a potential reason of decrease in value of bitcoins because the crowd that bitcoins would have generated in terms of demand is now divided into small segments. Is there a way to introduce them without hampering the present demand and supply of bitcoins and at the same time assuring that they can move up nicely in the market. I dont think a new altcoin if introduced in the market will hamper the price of bitcoin, rather the opposite will happen. People will buy the altcoin in exchange of bitcoin and so the price of altcoin will increase but the demand for bitcoin will not. Value of bitcoin depends on the market capitalization and the trading of bitcoin in different markets. Very few altcoins have been able to compete will bitcoin like ethereum and ripple. But this does not decrease the value of bitcoin anyhow.
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Even if they do there will be zero change in the bitcoin market. In fact any news has zero effect on the market contrary to popular belief. Everything that the market depends on is the people using it and trading it. If people panic sell after buying into some FUD news then the market will obviously crash. But if they are resilient and question the reasons why such FUD is being spread they will know that the propaganda news shills have their own reasons and they will buy bitcoin when the price becomes low.
A ban on ICO is not what should happen but a regulation of ICOs should happen.
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I voted for Yes. Because we can know Bitcoin has developed and continues to make a lot of interest in the world glance coin this crypto. And I'm sure Bitcoin will be easy to accept if everyone has been holding and using the Device "smart" to make a practical payment and investment.
The growth of bitcoin has been slow an I account this to the people who keep calling bitcoin as a scam and ponzi. People like to comment on things they dont know about of believe that it will be ad for them and so they make such comments to prevent other people from investing in bitcoin. This has no good effect. However what we all saw last month was that even if all that FUD was spread people did not lose hope and bitcoin price steadily increased after crashing down. It shows that in future people have bitcoin to believe in and that it will take over the society economy.
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of course, bitcoin is my salary, other than that easy to use bitcoin this can be a means of payment when I become an employee in another country and this is quite interesting to all circles.
Have you considered the fact that bitcoin may be declared illegal in your country later on? This has been happening in many countries and its not something that I support obviously but I look down upon. I would prefer to have my salary in fiat only because of its easy usability in every place as soon as I acquire it. Bitcoin is not yet that popular in many countries and some merchants will never accept it. I hope they realize their mistake soon and they start accepting it - which will also increase the acceptance of bitcoin.
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Recently i took part in couple of bounty campaigns,and i though i can earn some decent amount through it...but it was a total waste...i took part in targetcoin and coss ico campaign and after 2-3 months i recieved the bounty which is worth only about 8 USD including both it was just total waste of effort and time What I can suggest you is that Signature campaigns are better than altcoin bounty campaigns. Therefore you should work of good post quality and writing quality posts without spamming the forum. If you want to join altcoin bounty then these are the following things I keep in mind: (though this set of rules is just a guideline) 1. A project that will be able to achieve a good status later on. 2. Worth investing in for potential investors so they can pay the bounty later on. 3. Trustworthy manager of campaign.
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