As what we have read to some articles that bitcoin is considered as an investment vehicle just like gold. Some may find it ridiculous but as what we can see of bitcoin's performance for the past few years it has increased in a very profitable manner. Many investors' lives that were changed and some even regretted the fact of not investing into bitcoin. I think there's no need to replace gold when we talk about investments vehicle since gold is tangible and will forever remain on this earth. They will coexist and can both give us profits. https://zycrypto.com/bitcoin-not-ripe-to-replace-gold-analyst-kristoffer-inton/Share your thoughts about this. Gold is the most unjustified expensive resource imposed on people. It's just nonsense that some iron is worth a lot of money just because someone decided so. I do not like gold even in appearance. Unlike gold, bitcoin and blockchain have a really useful and progressive function for mankind |
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Hey,
I have been investing in some btc recently and i have seen that in my country i can pay for example in a pizza restaurant (when i order online) with online coins.
Do you think that btc will become the future currency of our world?
I really wonder why the forum moderators still have not banyat for such topics? Probably the hundredth topic about why bitcoin is the currency of the future and blah blah blah. Please do not produce the same type and boring topics for discussion! There are more important things that deserve our attention than idle chatter about the future of bitcoin. |
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in 2013, the bitcoin condition that affected the value of bitcoin was very good, Germany legalized bitcoin and considered "private money", zipzap services increased the volume of bitcoin for 2014, 12000 restaurants in US received transactions using bitcoin, and ebay also received services for bitcoin transactions.
and that is a positive condition that can make bitcoin have a higher value, and in reality, bitcoin creates graphics better than in 2012.
and today, we see that many positive conditions, but do not affect bitcoin to create bullish, what happens with bitcoin?
The fact is that in addition to the fact that bitcoin is sometimes overtaken by good news, we increasingly see that bad news comes more often. A lot of countries since then have banned the use of bitcoin or imposed large taxes on it. Such news has a very negative impact on bitcoin and by 2018 this peak reached its apogee. |
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Bitcoin banks are something out of the realm of fantasy. How can a centralized authority subordinate a decentralized system? The answer is no. Very soon, the banking system of Fiat money will become a thing of the past and the digital currency on blockchain technology will occupy the vast majority of the market. It's just a matter of time. |
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Yes, it's really great news! Large companies are beginning to introduce blockchain into their activities, as this technology of the future. The more large companies start using this technology, the sooner the progressive development and output of the blockchain to a fundamentally new level will begin. This is what we have been waiting for for about 5 years. |
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Bitcoin was not the development of the United States is nothing! Everyone knows that the Creator of bitcoin in the first one person who does not give his identity, which suggests that it is just an individual. Secondly, bitcoin is an Asian technology and the US will catch up with the Japanese on the speed of digital technology development for a long time. |
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So I was reading an article about the future of Bitcoin, trying to understand what will happen when the last bitcoin has been mined (from a technical perspective). https://coinlu.com/what-is-the-future-of-bitcoin/So if we do the math, the last Bitcoin should be mined sometime in the year 2140 - all of us will be dead by then. However, what do you think will happen and what can we compare the event too?  I think that this will happen much faster, as the technology does not stand still and develop with a roll forward, like a snowball. What is being done today in a few minutes, was previously considered in principle impossible from a technical point of view. So for the use of bitcoin can not be afraid. And what the hell makes you think we'll be dead by 2040?) |
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A few people thought that Bitcoin investment is intended for just the rich to make the additional reach. That isn't true. Bitcoin can be utilized by either the rich or poor to make benefit. It requires smartness, patience, and less greediness both make a good profit from Bitcoin.
Bitcoin is used mainly by smart and progressive people, as it requires some study of the theory and no less detailed practical application. Those who do not develop and do not follow the trends will then catch up with the departing train but it will be too late - all the cream is removed now. |
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In order to understand why the government hates bitcoin we need to understand how money actually worksIn the history of the United States, the US dollar has been built on the "silver standard" and the "gold standard,". This means that the value of a dollar was directly tied to the country's silver or gold reserves. This is true in case of all currencies be it the Indian Rupee or The Chinese yen. A more simplified version of understanding this would be that any money you possessed could directly be exchanged for its value in whatever material it was being backed by. This is known as a commodity currency which does not exist in the current economy. As an example, Lets say that you own a paper currency worth $ 20. Now you can take that paper bill and exchange it for gold or any other material backing it up which had the same $ 20 value. But in the current economy the world runs on fiat currencies whose value is derived from the government that backs it. Plain and simple, a US dollar has value as legal tender because the US government says it does. Though this system isn't perfect, it has served its purpose for many years. The government loves fiat currency because it is centralized which means control is also centralized on the production and distribution of their respective fiat currencies via large central banks. What this means for the banks They can track the currency's location in bank accounts, dictate its movement, and collect taxes on every financial transaction that includes their currency. This also helps the governments to try and keep their economy healthy by adjusting the amount of money in circulation to try and stimulate Wall Street investors or avoid a financial crisis. Now why is bitcoin made? The basic ideology behind Bitcoin is to use a combination of public-key cryptography and peer-to-peer networking to create a virtual analogy of gold, that is to say, a substance that is scarce and fungible. Satoshi Nakamoto devised did arrange a set of restrictions in order to ensure that bitcoin is not misued to an extent like the fact that there can only ever be 21 Million bitcoins ever in existence and as time progresses it will become difficult to mine bitcoins. Nakamoto in 2009 - The root problem with conventional currency, is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the
history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves
of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts." In contrast,
everything in Nakamoto's system "is based on crypto proof rather than trust . But is it really that simpleIt is not as simple as "The government likes to control and tax the movement of money" that makes them seem evil or greedy. The truth however is that if all currencies are decentralized, who would determines their value? Bitcoin is only in the virtual form, how can we protect oourself from hackers or technical glitches? These questions are just some of the reasons why there is no telling what the future of cryptocurrencies holds, but it isn't wrong to say that Bitcoin and other cryptocurrencies will not be replacing government-backed fiat currencies any time soon. This however does not mean that there isn't a future where cryptocurrencies will be treated as regulated global currencies. Of course if we include the corrupt institutions, politicians then we can say the government is evil and greedy. For bitcoin to become truly succesful it must be both a medium of exchange and a reasonably stable store of value. Governments hate bitcoin for not being able to take tax from operations. It really pisses the fat, fat politicians off. They do not understand what bitcoin is in the essence and I think that they will be able to tax everything that they will get their hands on. But it was not there. Bitcoin is anonymous and secure - so governments will always hate and ban it |
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the best approach is to ignore them or block them he has no right to ask for compensation because I don't see the damage done, totally bullshit taking your time and ask for compensation he can bother you if he knows but since he is a total stranger no use asking for compensation.
Absolutely right! No one has the right to demand anything from you without a proper document. If this person really bothers you very much, then you can just ban him in the telegram and no one will do anything to you. You have every right to do so at the state level. However in the future wish you not to mess with similar co-players. |
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What real world problem is bitcoin solving rn? and to what extent?
Bitcoin solves the most important and major problem - the government's intervention in the financial system and its manipulation. It's really very annoying when a third party is watching all your movements and actions. Bitcoin is completely anonymous. This is its main charm as a tool of use. It also solves the problem of taxation, since the person of the state is absent in the regulation of financial transactions. |
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So I asked my friends regarding their opinions and impressions about bitcoin and their answers made me laugh. One of my friends answered: "Bitcoin? Bitcoin is used for transactions in deepwebs to buy drugs!"  So they think that bitcoin = deepwebs. So they stay away from bitcoin thinking it was illegal Another one: "Its just a waste of time. You will not earn from it"  And when you give him proof that bitcoin is valuable they'll be like "omg teach me how!!" Lol And lastly, "Bitcoin? Bitcoin is a scam"  So yea they think bitcoin is fraud and a scam. It's so funny to think that people who don't have knowledge about bitcoin automatically thinks that bitcoin is a scam because of the issues regarding bitcoin scamming. So yeah. How many people-so many opinions. This is because each person is different and his experience of using certain things is different. Someone will get rich and become a millionaire thanks to bitcoin and will tell everyone that it's just magic, and the other will lose everything and will spread the information that bitcoin is a financial pyramid, a bubble and God knows what else. Do not listen to people - think for yourself. |
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In the spirit of mass adoption we are likely going to see the death of PayPal and other payment gateways. Do you foresee the death of PayPal soon by Bitcoin? At some point people would want to feel safe in not tying their credit cards to any online payment gateway. Your thoughts?
I do not foresee death, because these services are very influential and powerful, and therefore they follow the trends in the financial market at the moment and think over their financial policy for the future. I most likely foresee the change and introduction of new technologies into existing payment systems, but not their complete disappearance. |
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According to unconfirmed data, this information can be a fake, because it is not yet confirmed whether all these stores will actually accept bitcoin as payment or it is just an advertisement for a native service through which you can make purchases in these stores. That is, the company simply acts as an intermediary between the buyer and the seller. Don't spread fakes, please. |
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because bitcoin is a future technology that can be used to pay around the world, for example we are in Indonesia can pay for goods in America without having to change to dollars first. in addition, bitcoin transaction is the safest transaction because it does not require the identity of only a bitcoin address
However, that would buy bitcoins or other electronic currencies you still need to first change your money to dollars, and then change the dollars n cryptocurrency and only then make purchases on the Internet. In my opinion, the situation is getting worse. However, if you earn directly in bitcoins, then you are definitely lucky. But as far as I know there are very few such works now - especially in Indonesia. |
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I am a little doubtful that what I wrote is worth it or not, but this always comes to my mind and wants to ask this,
I have read several topics here that the drop in Bitcoin prices sometimes occurs because investors experience panic and sell their assets after reading the bad news circulating, and here I have thoughts what if a crypto community has the intention to raise the price of Bitcoin and other crypto by spreading the good news about bitcoin and also introducing bitcoin and its usefulness to the wider community?
Will it help to increase Bitcoin prices?
Think twice-when investors sell their bitcoins, then someone buys them, right? Large sales always cause the pump of any coin, be it bitcoin or any other alternative coin. But if no attention to the coins there and the owners of these moment just developers, the price goes down. Therefore, any attention to the coin is always a stable price increase. |
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I was wondering if it would be possible to store music on the blockchain the same way the ledger is stored? Then you could sell private keys that give a program access to the data so that the music can be streamed directly from the blockchain? Is this kind of thing possible with bitcoin or another alt-coin in the future? Because this would have positive impact on the music industry as well as any other industry that are having issues with piracy. I'm just trying to stay informed about the potential impact of this technology.
What is the difference between your approach and the usual streaming with Donat? The band Radiohead on streaming has earned its biggest fee for all albums. All from the donuts. Basically being able to buy music directly is a good idea. Through bitcoin and cryptocurrencies as well. |
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I think Block Chain is empowering more and more these days,the number crypto enthusiasts is increaing day by day.More project are emerging daily,and all these ideas brought me up to decision whether Block Chain is going to be the next internet?how many of you agree with these?
Blockchain systems exist thanks to the Internet, not in parallel with it. If you had in mind that the level of communication will reach an extremely new level thanks to the blockchain, then you are definitely right. The level of information transmission and perception is now at its peak of activity than ever before. |
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I've had technical knowledge of the internet for many years and I've heard of Bitcoin in the early days, but for some time I did not have that curiosity that was characteristic of an early adopter nerd. This was a high cost of opportunity as Bitcoin's growth is impressive, especially in 2017.
There is one side of me that sees skeptically and another that can see the disruptive proposal of the coin. For about 3 months I was watching the dynamics and signing some videos on Youtube. I signed the Fernando Ulrich channel and read some texts to understand how it worked: Buy / sell through an Exchance, Possibility to move to a wallet to "save" in safety and all other possibilities (trade, etc).
About 2 months ago I decided to try it and so far things are going well. At the end of September I was able to buy for USD 3,800 and then started to move towards USD 7,000, reaching USD 7,800 and then dropping to USD 7,200. I saw this fall as an opportunity to buy and I got more $ 10,000.00 for this price since my goal was to have at least 1 BTC. And to show that nothing in this market is predictable, the day after my purchase at USD 7200 it drops to USD 5800. It needs to have a stomach! But I looked again as an opportunity and went to buy more to reach my goal of having 1BTC. As it was a weekend, I had to wait for Monday to do a TED for Exchange (you do not need to talk about why Bitcoin is causing it in the global financial market as it is 24hrs). I got on the second to take to the Exchange and unfortunately that low was already at USD 6,400 and three days later had already risen again to $ 7,200.
I'm enjoying this joke and it's that maxim ... Only invest in BTC what you're willing to lose. I do not invest in BTC by expectation but by the promising and disruptive future! Everything is an ideological issue and I am comfortable with this movement.
The classic behavior of a person who wants to quickly get rich on little-known things) Sorry, but the first attempts to work on the stock exchange can not immediately throw such large amounts (of course, if you are not afraid to lose them). Even if you have studied and watched the market, read the thematic literature is not an indicator that it is worth throwing money away. Start with small deposits, see how the market moves and start from this in further actions. Good luck! |
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There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.
For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.
Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.
I question my self that do we can be free or stay away from fraud?
You know what's going on.. The situation you describe applies not only to cryptocurrencies and the digital environment in General, but also to Fiat money and the classic financial market too. The fraud and money-laundering and in the absence of cryptocurrency. Money and payment methods is just a tool to facilitate human life, but how to use it is already the envy of everyone. Cryptocurrencies are a very progressive thing, but in the hands of a bad person it turns into a weapon. |
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