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1  Bitcoin / Bitcoin Discussion / Re: How do you store your bitcoins? on: February 20, 2018, 07:40:23 AM
First must be told (even this has nothing to do with the security but with your pocket) all the fees of the sent of bitcoin are paid from Coinbase. Then they store 98% of customer funds offline. Offline storage provides an important security measure against theft or loss. They distribute bitcoin geographically in safe deposit boxes and vaults around the world. And at the end (for more you can do yourself at their website) Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time.  you create a wallet which will require two sets of separate signatures in order to spend the bitcoin, then you keep the two wallets (two signatures) on two different machines. they can be both offline too. but not all online wallets are the same, one should choose a wallet that gives access to his private keys so he will have the full control on his coins.
2  Bitcoin / Bitcoin Discussion / Re: $0.85 transaction fee is absolutely ridiculous! on: February 19, 2018, 03:19:50 AM
I am really seeing is that it's becoming impossible to make smaller transactions for daily purchases. At this point, we can forget about using bitcoin as an everyday currency because it's cheaper to buy things like a cup of coffee with a debit card or cash.  Everyone else pays for your free transaction.  And wait till the bailouts for banks come again.  Come back and tell us how the transfer is still free or ask the cypress bank account holders how their free transfers worked for them.  I had to use the accelerator but would you imagine if everyone lowered the fees they're paying and massively started using accelerators. That doesn't have to be all that bad, maybe that will get miners to lower the fees and maybe it will just clog the blockchain even more.
3  Economy / Economics / Re: BTC is a roller coaster on: February 19, 2018, 03:13:50 AM
Unlike gold, whose price is controlled by world gold council, bitcoin price fluctuates as per increase and decrease in demand for bitcoin.Bitcoin is definitely like a roller coaster. Also, since last few months bitcoins prices went up quite a lot and now it is a time to correct and stabilize the prices. You can't expect prices to go only one direction always. However, if you are into bitcoin for the long haul then it could not be gambling but the pure investment. Maybe the gambling factor here is the risk but everything involves risk especially investing. Seems that just a few hours ago, especially it when reaches all-time high the price moves in a roller coaster, That's why before starting to invest on bitcoin we should consider and expect this kind of fluctuations, it's up to you if you want to risk your money.
4  Economy / Economics / Re: good effect and bad effects of robots in replacing human Jobs on: February 19, 2018, 03:00:23 AM
 where every citizen should get the certain amount of money per month regardless of it's social, employment or any other status. It's something like monthly airdrop. and I do think it would displace some of our economies; however, one thing that nobody seems to point out is the fact that machines would create new jobs while destroying old ones. This will actually multiply production outputs and minimizes human error in productions since almost 90 percent of the job will be done by machines which are already programmed.
5  Economy / Economics / Re: Maybe governments can stop bitcoin after all on: February 18, 2018, 03:49:38 PM
Even if the bad news is something irrelevant like china illegalizing ICO's or the SEC disapproving a BTC ETF proposal, traders will always sell. When predicting market behavior, traders always follow the lowest common denominator in determining what will happen. I think the banning is a good thing, might have decreased a  bit of bitcoin's price, but I believe it was something that the crypto world needs to sit and see and provide better ICO's in the countries that it isn't banned.  I am afraid it will have an impact on other countries. although the Chinese government reasoned to close the exchange of bitcoin and would regulate the bitcoin and open the exchange of bitcoin again. but the impact of the closure, the bitcoin value directly down, but now has started to rise again. most miners are being chased by the police and government, but they are still using it. I think that bitcoin can only be made illegal in countries that live in very strict regimes, but even if it gets illegal on many others, people will still use it anyway.
6  Economy / Economics / Re: Can the Wall Street fat boys kill Bitcoin profits? on: February 18, 2018, 03:47:37 PM
some of this whales are from the wall street what we can do is to ride the trend they are creating as they are not the only ones who can benefit the price action of something. Yes, some might be affected by the price change of Bitcoin but if you know how to trade then you won't be far out of them. This is because when bitcoin prices are increasing any whales or manipulators will lose their controlling power slowly. It's quite difficult to say. There are contradictory views, people who see Bitcoin futures as a mainstream approach and the others who believe it might have a negative impact on the Bitcoin market, manipulation/shorting.  Let's say that biggest holders decide to sell all their coins. Problem with that is, there are really low chances that all of them would agree and on that. Another problem would be, who would buy all those coins and for which price at the end. So yes they could manipulate bitcoins price a bit, but that is very hard to do at the same time.
7  Economy / Economics / Re: Regulating Bitcoin on: February 18, 2018, 03:42:28 PM
Bitcoin is very high, the only way to find out the owner of any transaction is detecting the IP address but it'll not work if the user has a good VPN software. It will be losing one of its most important and key feature "decentralization". People use bitcoin because they have full control over their funds. But if the government starts to regulate bitcoin, banks loose power and countries lose the huge control they have into banks and people. It is because of the reason that it will help more people in having an idea about what bitcoin actually is. In addition to this, it will also help the number of people to come and invest in bitcoin. There is no way that we can spread awareness about bitcoin amongst the people if we will not regulate bitcoin.
8  Economy / Economics / Re: Why did you choose bitcoin? on: February 18, 2018, 03:35:44 PM
Bitcoin for me is like a future that seems to preach happy news or wide opened opportunities to earn money that can boost personal finances. Well yeah, who's not interested.  Bitcoin was the only coin that was already proven in a way and had some real use in real life, real value and some perspective for the future. So it was kind of natural choice. It was the new technology that appeared and an alternative to current finances and banks, that attracted me, I had a feeling this would be a success. That is why I became interested in it also.  bitcoin price is really interesting as we all see that the value of it keeps on increasing and if you will invest in bitcoin you'll be able to get more profit.Although bitcoin is a little bit risky due to the reason that the value of it is volatile if you will believe and trust bitcoin it will never fail you. Bitcoin helps to get rid of the dilemmas that have been encountering of a certain person because it gives a lot of money that can sustain the needs of an individual.
9  Economy / Economics / Re: The legalization of bitcoin. on: February 18, 2018, 08:35:31 AM
As a really volatile coin, prices would rise and fall almost daily, as globalization made almost every single product international. Living on the island would be a really terrible experience, or just plainly impossible.  That's just I can not understand why so strong a desire to lose all of their virtues that give Bitcoin. You understand that the anonymity of Bitcoin and its users makes it possible to avoid paying taxes.  It would also be the way to hard to organize with people from different countries who might not even speak whatever language you speak. The idea seems very similar to a bitcoin paradise. When they do make sacrifices it is not enough to allow people to freely trade their bitcoins for fiat currencies and vice versa, labeling the change useless. There are certain countries though that were able to come to a decision, for example, Japan and Australia are two prime examples that every other country in the world should follow. They made real changes that have a real impact on bitcoin users in their country.
10  Economy / Economics / Re: DON'T DO PANIC SELLING !!! on: February 18, 2018, 08:22:13 AM
proper knowledge on the industry and lack of resources most of the people I've known ended up dealing an of lost opportunity as they sold their stocks/shares without having any supporting facts to aligned with their decision. Probably, the loss is what teach us about it and experience helps us to keep calm during next panic selling wave. Experienced traders accumulate their capital all the time and when they see an opportunity, they grab it with their maximum potential. Whereas, newbies do it in the exact opposite way and hence suffer loss. They always try to hold their bitcoin while there is panic selling in the market. This is all because of the fluctuations that happen with bitcoin, which we cannot find anywhere else. When sudden price drop takes place, automatically people will have the hesitant mind whether to keep hold or just cash it out.
11  Economy / Economics / Re: how can the beggars access Bitcoin? on: February 18, 2018, 08:08:38 AM
Bitcoin is just a digital currency where we can create paper money as well as we convert it. currently, we are able to use the fat in both forms that are physical ways and digital ways both. For now, we are limited to digital ways of transferring for the bitcoin except the concept of the paper wallet. But that's not convenient one if considered for daily use.that moment happens where world finally adopts to modernization, I'm sure governments would make a special program to the poor or rather maybe we don't have any poor at that time. But if someone really wants to help the beggars that person can give in kinds and not just in currency. Anyway, beggars need most food, clothing, and shelter, if cryptocurrency will be given them and to think they are beggars, I don't think they also have phones and internets.
12  Bitcoin / Bitcoin Discussion / Re: To be honest, how many people use bitcoin to invest on: February 18, 2018, 03:22:29 AM
Bitcoin shipments can be made anytime between Bitcoin account holders either inside or outside the country without the need for such conditions in banks that not all can fulfill. Bitcoin can be converted into the country's currency for withdrawal and is spent in that country. In fact, many merchants or merchants have begun to receive payments with Bitcoin such as Dell, are true to make the transactions easier although that isn't fulfilled yet. I am investing in Bitcoin but it is not one of my priority on its uses. It is in the advantage of the price that makes it a great long-term investment. Bitcoin is still gaining lots of investors and it could be the required contribution to its growth. Here in my country, I don't think that there are a lot of investors yet but I'm looking forward that many will contribute to the development of Bitcoin to become a currency in the future. Eventually,  when those ICO that involves the use of cryptocurrency becomes successful, then we can see the increase in bitcoin usability.
13  Bitcoin / Bitcoin Discussion / Re: Can actually Bitcoin be good for the environment? on: February 18, 2018, 03:08:17 AM
cryptocurrency generally requires a considerable amount of power so it also affects some of the environment. At present, miners are increasingly adopting alternative sources of power for mining to limit the environmental impact of bitcoins. , I think we already see a lot of transaction here in the different wallet so means there's a lot of jobs because people make a transaction. Then the distribution of social resources will be chaotic. the point is that the miners must find a renewable energy such as solar energy, wind power or water but honestly when we compared it to the banks surely banks have a worse effect on the environment than bitcoin.
14  Economy / Economics / Re: what is the predicted value for BTC in end of 2018?????? on: February 16, 2018, 05:31:31 AM
This explains the high interest to it from investors and enterprising people who are trying to make money on changes in the exchange rate of this currency. This also ensures its growth. Addition to that bitcoin`s volatility has increased a lot. Transaction charges and transaction time is also increasing day by day. Its peer to peer exchange system, autonomous nature making it more and more volatile day by day. One month ago when bitcoin was in the upward rally, many experts have predicted many figures. According to them, bitcoin price was expected to cross $40000 mark by the end of 2018.
15  Bitcoin / Bitcoin Discussion / Re: Buy when market is Red on: February 15, 2018, 08:24:53 AM
cost averaging by buying at a lower price but its hard to tell if it's going to go dump a little more or what, but as long as you are confident on what you are doing then go ahead, after all its the risk you take. it's powerful to find big and small profits. we all know when the market is red that is the good chance to buy with cheap price, but the problem is we can not know when is the time to buy, too early then the price can drop much more or too late then the price can be bounce back faster, and will the market keep dropping for any longer.
16  Bitcoin / Bitcoin Discussion / Re: Bitcoin in 2018 on: February 12, 2018, 08:09:46 AM
Bitcoins are already legal in many parts of the world and thus I think more and more countries will start accepting it also the price of bitcoins what it was supposed to reach in 6/7 years it will for sure reach that amount in just one year. interest to those businesses that started to stay away from bitcoin payments regarding with the services they are offering. I'm conveniently paying with bitcoin. Every day as the time goes by, Bitcoin continuous it be known and popular to any individual. Bitcoin also due to long-running the services of it is getting bigger like it can use to pay bills, buy a load, and it will develop more. bitcoin is going to be brighter in the coming years starting from 2018 because many companies will start accepting bitcoins and the futures starts there.
17  Bitcoin / Bitcoin Discussion / Re: Bitcoin is changing the world. on: February 09, 2018, 08:46:33 AM
Probably this is the reason why lots of financial institution are kinda hostile to bitcoin because for them it is a threat.  But well,  I believe if they get what Bitcoin wanted to they can even see it as beneficial because of its security. In addition, various states began to use its advanced blocking technology and introduce it into various branches of the state. Even the international banking system recognized the technology of blocking and on its basis, the Ripple coin was created, which allows for a few seconds to transfer financial payments anywhere in the world.  just as you say. bitcoin changes the way of life and changes the way business is done.
18  Bitcoin / Bitcoin Discussion / Re: The advantages of bitcoin on: February 07, 2018, 05:15:14 PM
Easy to use and it is safe and secure unless we dont take proper security. No transaction cost or any other extra charges in exchange and Is fast having no limit for amount of money to transfer. Easy to use and it is safe and secure unless we dont take proper security. No transaction cost or any other extra charges in exchange and Is fast having no limit for amount of money to transfer.  In addition,it also gives us time to spend with ourselves at home working with bitcoin and investing at the same time. A must have opportunity to people who are not working or still looking or waiting for a job.
19  Bitcoin / Bitcoin Discussion / Re: Green Market Soon... on: February 07, 2018, 05:05:52 PM
people are going to really, really regret selling few months and it will prove to the world that it has come to stay despite the challenges and attack it has been receiving. But it’s not too late, there’s still some time as we’re now heading to new heights. Ride along bitcoins, you don’t want to be left behind. the cryptos will dump at least until the end of the Chinese New Year because there are too many events and negative news affecting the price of the entire cryptocurrencies market.
20  Bitcoin / Bitcoin Discussion / Re: What to do with the people who don't like Bitcoin? on: February 07, 2018, 04:51:44 PM
Most people don't really understand it. I like to tell people how much 1 Bitcoin is worth now and see the expression on their face.  people have a different perspective and different ideas and we should accept them, and us the bitcoin community we should understand that as we promote our beloved currency, just like a salesman you tell people about your product can you do else? But that is not a nice thing to do, why do you have a need to force people to think like you do, that is not nice at all it`s a dictatorship.  They do not like Bitcoin, it's their loss, why do we need to explain or convince them, that's unnecessary. We should only explain or convince people who do not know about bitcoin, introduce them to bitcoin and encourage them to invest, that will help bitcoin grow and become more popular. For those who do not like bitcoin.
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