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I think there is nothing we can do to make the government legalize Bitcoin, even if a group of Bitcoin users gathers and demonstrate in front of a government building. It needed of self-awareness from the government for that, a wise government will consider how it is best to regulate Bitcoin's potential and Blockchain technology rather than just take a shortcut by making it illegal.
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Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.
Buy a Hardware Wallet. I recommend Nano Ledger S but there are other quality hardware wallets out there. Am I claiming that the hardware wallet really can't be hacked? No. But I definitely think it's safer than downloading a wallet to your computer. The following are some of the advantages provided by hardware: - Compatibility with most cryptocurrency.
- The wallet is only online when it is plugged into your computer so that the opportunity threshold is much lower.
- The wallet protects your private key that is important for sending coins. In fact, unless you are very focused, you won't even know your private key!
- The wallet can only be accessed with a pin code that damages the wallet after three incorrect attempts. What is the possibility of a thief guessing your pin in three attempts?
- This wallet is supported by a 24-word password that you need to record and keep it in a safe place. I recommend storing passwords in 2 or 3 different locations to be safe. If you lose your wallet or corrupt your crypto, you can return it with this password.
- Each transaction must be confirmed by a button on the wallet itself. The wallet will also display the address you sent your coin. Never push a button unless the address in the wallet matches what is on your screen! The wallet is always correct.
As you can see, the wallet protects against various hacking attempts; even protect you from your own stupidity. You cannot give your private key (something you should never do) if you don't even know them! Source: Quotations from Jared Busby, at Quora. Link: https://www.quora.com/How-do-you-prevent-your-cryptocurrency-from-being-stolen |
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To make this world better economically, as individuals you can invest your money in the poor community because poor people usually need opportunities for their economic life to develop.
You can help by giving small business loans. Thus, your money can be returned and this small business can contribute to their economic life and community.
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Well, before I never thought about the future of fiat currencies that might become obsolete. But, until I found an article entitled: "Fiat Currency Will Be Laughable in Five Years Says Billionaire Team Draper" Link: https://cointelegraph.com/news/fiat-currency-will-be-laughable-in-five-years-says-billionaire-tim-draperIn the article, Draper explains how fiat has limitations, the same limitations that really begin to interfere with the progressive and advanced thinking global population. And I agree with Tim Draper's statement. |
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In countries that have legalized it, Bitcoin holder is required to pay taxes. And what I know is, every country has a different tax regulation, bitcoin tax can be equated with income tax, it can also be calculated with capital gains.
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I think there is nothing wrong with that. Is Satoshi wrong? or the people who trade bitcoin are wrong? I think there is nothing to blame.
All this is in accordance with economic law when something is desired by many people but the amount is limited, then, the price will be very expensive.
And when the bitcoin that limited amount is in demand and people consider bitcoin is valuable, this is where bitcoin has two usabilities, as a currency that can be used to buy something in the store that receives it, also becomes an investment tool that can provide benefits.
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Eth has become popular, do you know the reasons?
I think that is because Ethereum has a Smart Contract feature that becomes a potential and is cause various large companies adopted it. |
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I think that coin is Bitcoin, but to get the maximum profit I prefer to invest my money on both.
I think it will be more effective than just putting your money on one coin.
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First, investing in altcoin or cryptocurrency is unlike stocks or real estate dependent on third parties or brokers. Then ... the uncertainty and fluctuation of the price of cryptocurrency become an interesting point although the price of a cryptocurrency can go down sharply, the price can also soar.
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I think the most important thing when you want to invest in ICO is; First, Check team background, look for transparency, work experience, and their emotional maturity. Then ... learn about the products they offer. there must be a clear 'need' to be met, a market with a solution and ideally a long-term vision there must be clear and profitable. Read their whitepapers carefully, look at the roadmap and through the currency industry and Blockchain addressed.
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I think not, maybe in the few last months, many ICO's are frauds or so, but investors are now beginning to learn to be selective again when they want to invest in an ICO, in other words, the hype towards ICO will come back in near future.
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Yes, of course, the increasing number of ICO's today makes us a little confused. therefore we have to choose which ICO is the best and the recommendation for us choose to invest as a Product or Project that we deserve the most hope later.
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I think the right scheme to get bitcoin every day is by trading. Someone also told me it can also be done by mining. but, personally, I prefer the way of trading.
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After what happened, there is nothing we can do. but, most importantly, Do not regret it too much, because I think everyone has experienced it including me. And what I do after experiencing it, Now I never sell everything, now I always and keep some in hopes of generating more profit when selling it at a higher price.
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For some reason I am sure that the price of the crypto will rise, so I hold it, I did not see any analyst who did not have the same opinion as I do, but thing that motivates me the most — is when I start comparing the whole current situation with the Dot-com bubble, the fact is that this bubble busted reaching 6 trillion dollars, the crypto reached only 830 billion yet, in its peak. During Dot-com bubble only middle and rich class had opportunity to invest but not all, in the crypto everybody can invest, regardless of country and day time and it also can be done anonymously from jour home computer, so I think that this is all just the beginning and the real bubble is yet to come, it is not known when it will come — in five or 10 years, but I hope that it will.
Exactly! I agree with that! instead of having a panic when the market falls, I prefer to buy some coins if have that opportunity. although some people try to interfere with saying that this is a bubble and so on, I stick to my stance. I always believe that the fall of this market will always be followed by the increase. |
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I think that coin is ETH, the reason is that Ethereum has the criteria to be a coin that has a good future, That is: the concept is clear, almost all the Marketplace accept Ethereum, and the volume is huge.
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On the one hand, I think, it's not a stupid decision, because everyone has a different strategy in trading. However, I must admit, that today many investors lose confidence in the bitcoin market, they choose to sell their bitcoin out of panic when they see drastic price changes. Most of them have misconceptions about bitcoin investments, they forget that bitcoin investments do not always generate profits in an instant.
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Looking at the current price movement, its value is trying to rise again after dropping to $6,500, is there a chance to rise back to $20,000? many countries that intervene on bitcoin makes it difficult to rise again. But, no matter what is the fundamental reason, twice the bitoin value failed to break the resistance at $12,500. When its value will break $12,500, it will likely move to $16,600 or even $20,000 as its nearest resistance. well.. Hopefully this will happen in the near future.
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Well ... I am also wondering whether the application of KYC in cryptocurrency is correct. Because I was very hesitant when trying to provide information my personal data, because I was afraid if my personal data can be used for negative things by irresponsible parties.
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Ok. So for the past two months, everyday, I have been reading cryptocurrency news from all around the world. (mostly from news.bitcoin and cointelegraph) and I has summed up my top three over-all supportive and progressive crypto-communities (not just the legal factor). [Feel free to disagree with me or correct my words]
not in any order
DISCLAIMER
*My reasons came from a compilation of news articles, but the list is purely opinionated.
1. Russia
The conflicting interest b/w Putin and the Central Bank has been slowing up the pace for progress; however, recent news suggest that the guidelines for bitcoin and digital currency will be made both beneficial to the government and the local users. I think Russia will be one of the centers of the blockchain technology in the future. Not to mention that Putin and Buterin have already discussed ways for the Ethereum platform to work well for the government.
2. Scandinavian countries
Not only Russia, but countries in Northern Europe have also integrated the blockchain technology in their university programs. Not only that, but some have now allowed Bitcoin to be a method of payment for tuition fees. Aside from this, countries such as Denmark, Norway, Sweden, and Switzerland are gearing towards a 'cashless' society, and digital currencies are helping them do so.
3. Japan
Of course Japan is in my list. What better way to say it, but Japan is the first to make Bitcoin a legal tender. What makes Japan enter the list is because they didn't end there. As soon as they've allowed Bitcoin to become a mode of payment, authorities then also placed their attention to the miners and ICOs. Leaving no factor behind. As of now, you can even pay utility bills with Bitcoin, and the government is supporting small households to mine digital currencies.
Yes I agree with you, From the country you mentioned, I am very happy to follow the development of cryptocurrency in japan. how not, when many countries are tightening restrictions on cryptocurrency, especially in the Asian region, Japan comes as a country that supports cryptocurrency, even some people say, Now japan has become a cryptocurrency heaven. |
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