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1  Economy / Economics / Re: Know Your Customer on: July 21, 2018, 12:49:21 PM
I think Knowing your customers for me is important because we will be able to know the one you are dealing with is legitimate in their transactions when doing bitcoin transactions
Know your customers is a process of identifying business and client verification if it involves illegal transactions such as money laundering where they can control the outflow of illegal activity.
2  Economy / Economics / Re: Diversify Investments on: July 15, 2018, 05:12:28 PM
Investment diversification is the secret to making your investment richer and richer. You can invest in many different fields to make sure you are not losing money if you invest  Your lost


Diversification is very good, but you run a lot of risk if you invest in projects that are not good, my advice is you stay in bitcoin
You can choose to bet your money by investing in altcoin, which means you must be willing to lose almost all of your money because altcoin can even fall to more than 80% of your value if something goes wrong, or you choose to invest in bitcoin for the long term , which will give you more security and comfort in the future.
3  Bitcoin / Bitcoin Discussion / Re: Its time to move on, and ignore the BTC !!! on: July 15, 2018, 04:48:42 PM
Sorry but I do not agree with your advice, I am very much hopeful with bitcoin. With coming events like halvening , prices will rise very fast.


I can never ignore it and remove it in my life because bitcoin means so much to me that I will continue to support it and I am sure it will be much more successful in the future.
Ignoring and removing bitcoin in our lives is the biggest and worst thing we can do in our lives. Bitcoin can really give us many opportunities and benefits. It's light and enlightens our way just to have or achieve our goals and dreams in our lives, so how can we ignore it in our lives if it helps us in so many ways.
4  Economy / Economics / Re: Factors that affects the value of bitcoin... on: July 15, 2018, 04:38:49 PM
In many ways, the price depends on the market capitalization. The more people who want to buy, the higher the price.


I think because there are many cheats out there who use bitcoin as their introduction which is the reason why individuals do not trust bitcoin as a result of this reason.
I think the one about the elements that can affect the cost of bitcoin is bad news or FUD that will holders can offer their bitcoin in the light of the fact that they believe that the cost of bitcoin will drop and other factors there are some meetings of the pump and dump which can control the bitcoin estimation
5  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin will become the first world currency for buy and sell ? on: July 15, 2018, 04:35:29 PM
I think bitcoin has too many haters and they will not let it be a single king.
All this can happen because it has all the potential and ingredients to be a world shaker in terms of currency.
6  Economy / Economics / Re: What will happen to bitcoin? on: July 15, 2018, 04:32:52 PM
I think It's a good time to invest. Bitcoin will experience a lot of price changes but has the potential to grow big in the coming years. I'm sure bitcoin will be much better than now and bitcoin has already begun to be accepted by some people, bitcoin much changed the lives of people who once lacked now enough people, knowing bitcoin. So we do not have to worry about bitcoin in the future, all definitely improves.
Although we can not predict bitcoin but we can be comfortable with the fact that bitcoin will not work anytime soon.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin has no competition on: July 15, 2018, 04:29:39 PM
I think Bitcoin is made and worthless, people realize its potential and make it worthwhile. Altcoin created because their developers want to cut corners and earn fast money.
while Altcoin is not made as an increase in bitcoin or to innovate crypocurrency. Most of them are merely pumping and disposal schemes superimposed to look like 'next big thing'.
News altcoin may be more advanced in the technical field - for now, because bitcoin can be improved. But then it never beats one and the most important attribute of BTC - near the perfect initial distribution.
8  Economy / Economics / Re: Can Amazon Integrate Bitcoin? on: July 15, 2018, 04:21:48 PM
I think in a few years it would be weird if they would not accept cryptocurrency when doing the policy. But we should not underestimate the power of US and central bank establishment, they can always make some problems.
While amazon put itself in the market as an innovative company. They've invested big money for drones and they will take part in megacity reconstruction in the Saudi Arabia desert.
9  Bitcoin / Bitcoin Discussion / Re: Big news for bitcoin and crypto currency on: July 15, 2018, 04:15:21 PM
This is a very great news to the bitcoin community as this  will help bring more investors and traders to the bitcoin community and this will increase the marketcap of bitcoin which will ultimately increase the price of  bitcoin. I think it is this news that caused the increase in the price of bitcoin today.
I believe if news like this continue to happen, the price of bitcoin will surpass $15000 before the end of the year.


I think Cryptocurrency is slowly being adopted by different countries now. It is remarkable to know that the world is slowly adopting the technology that we truly believe can make a difference for each and every one of us.
it is likely that the crypto market will become bullish again due to the adoption of this Swiss stock exchange.
10  Economy / Economics / Re: bitcoin in developing countries on: July 07, 2018, 07:09:33 PM

I think the government needs to make a new rule about the world of cryptocurrency so that the local currency does not disappear after the majority of the population starts investing in bitcoin.
I think the existence of bitcoin can actually have a positive impact on someone because they can invest and make a profit
11  Bitcoin / Bitcoin Discussion / Re: Bitcoin mining is costly... on: July 07, 2018, 06:54:50 PM
Of course it is costly. You will have to manage so many costly hardware to manage the whole system. Even it requires high power supply to run the machine properly. Additionally, the longevity of the machines are comparatively low.





I think Make sure that if the cost of electricity and rig is cheaper than other nearby countries then it is worth the shot and you may get back your capital / investment as soon as possible.
Obviously mining is expensive but worth a try, if you ever plan to mine bitcoin then better do the background check and feasibility study of the project you are proposing.
Mining is not for everyone but for those who want to do it then better start doing your own research now
12  Economy / Economics / Re: You're not wealthy yet, so you're not allowed to be wealthy on: July 07, 2018, 06:44:35 PM
I do not agree what you said about "if you're not wealthy, so you can't become a wealthy", because every people all over the world wants to be wealthy but in a different way how to they do that to reach that goal.




I think There are bad things in that but the good thing is whatever you are, you can get rich in this because it depends on you if you will work hard and smart just to get the money. Because if this identity is true other people will always say that especially the wealthy people who are not safe
And I think It really is a community-level discrimination and that will not work in this case because fortunately this forum gives us the opportunity to become anonymous and hide our appearance in the username.
13  Economy / Economics / Re: How much more fall is possible ? on: July 07, 2018, 06:33:36 PM
No one can predict the price of bitcoin, but I don't think there will be a significant decline.

Either way, bitcoin prices can rise or fall at any time.




I think Though many say the price will fall below $ 5k- $ 3k, and I quite believe it, but on the other hand I also believe afterwards the price will go up immediately, could continue to rise even higher above $ 20k. be patient for the next few years.
very difficult to predict, but I more often follow some expert analysis, they are more optimistic to hold long term.
14  Economy / Economics / Re: Do you approve this strategy: sell alts buy btc? on: July 04, 2018, 05:08:41 PM
if u are short term trader then this strategy work selling alts and buying bitcoin but when u expect for long-term growth then holding altcoins is far better




I think another option is to sell altcoin you to usdt or tusd while all market down. and when the bottom in you, buy back some alts and some of BTC or all in alts again, your decision. because if you do not sell altcoin when bitcoin start dropped, alts you can down more, even if you will sell altcoin you before. in it, sell alts is true. and it happened was very quickly. I mean just see so many alts and how much they are worth before a significant decrease in BTC and how much they are worth after recovery. you will see that many coins still worth the lower. then not all coins experience cycle hype this.
15  Bitcoin / Bitcoin Discussion / Re: The reason why Bitcoins is the safest system on: July 04, 2018, 05:01:04 PM
i think is Because its looks like a digital bank that helps you to earn digital money without loosing anything. You can also pull out the bitcoin you earne




I think not like the Bank, transaction safer for me because people can hack and steal money you can tracked and you can take your funds. but in the transaction bitcoin, tracking is very difficult job, that is why there opportunities very low that you can get back your money if hacked. there are things good and bad things when it comes to the transaction bitcoin. the bright side of it is clear is that decentralized. you will remain anonymous for transactions you do. but there is also the side of the poor.
16  Economy / Economics / Re: Factors that affects the value of bitcoin... on: July 03, 2018, 03:08:52 PM
The attitude of the government and the law to Bitcoin has a great influence on this.
Hacking (hacking), although this is not a definitive factor, once Bitcoin is stolen, especially at a certain exchange, many Bitcoin players lose confidence in Bitcoin and form a sell-off.

There's a big factor that affect to the bitcoin price if people are lack of knowledge through cryptocurrency and they really don't believe that the bitcoin will never be crash. Panic selling is one of the factors that affect to the bitcoin price. They do panic selling because they are afraid that the bitcoin will going to crash. The negative news and FUD that poisoned the mind of the people to do panic selling and dumping the bitcoin price.
For me, the factors that affects the value of bitcoin is determined by the demand and supply by the investors. The continuous threats of hackers of bitcoin will definetely change it's value in the market.



I think highlighted is the emergence of new competitors, the pointer other way cryptocurrency new injected into the cryptomarket, will not be a long time when bitcoin will have a competitor serious and may affect the value. but until then bitcoin still a cryptocurrency best of the most important is the policies and the law of the government. many government not buy the whole idea of the reasons bitcoin because he is discouraging value for money paper, so they try to make a policy that affect the market.
17  Bitcoin / Bitcoin Discussion / Re: The future of CryptoCurrencies on: July 03, 2018, 03:06:32 PM
In the future, bitkoyn can be recognized internationally and approved by something like a "crypto-currency standard." Not necessarily the consent of all countries. It will be enough to involve several leaders



I think technology blockchain indeed the future. emergence cryptocurrency has trigger a debate about the future. although there are some problems, its success since launch 2009 has inspired creation cryptocurrency alternative like ethereum. a blockchain of cyrptocurrency that not only Ledger simple. this can execute code that allows you to determine the condition in which the transaction will happen called "contract smart". contract smart will run without interference from the outside, and even going to happen despite the fact that something might occur on the computer on distributed database.
18  Economy / Economics / Re: Bitcoin contribution to World' income on: July 03, 2018, 03:04:22 PM
Yes. BTC is a savior to the whole world, which generates income, distributes income all over the world, not only in the country, but also to anyone in the world who is exposed to BTC and has Opportunity to own them.




I think when crypto achieve this section, we will be able to talk about the contribution of global economic correctly. now, of course, it has a value in the market, very good. but contributed to the economy is still to be seen. now, this is the movement, in the future, BTC will be able to walk with his own. I think we have to wait, since no movement like that. hour BTC be payment systems, now we will be able to talk about contribution to the world economy. I mean: now, you talking about the dollar and bitcoin, and of course, BTC has produced movement in the economy, but most interesting part should is how it can be a asset itself, how can be reached a point to be something that you use in everyday life you.
19  Economy / Economics / Re: How much more fall is possible ? on: June 30, 2018, 05:13:56 PM
No matter how it falling I know with time it will increase and that time is closer than we expect, just need to gain popularity and understanding then it will be accepted generally but all this will happen in short time, just put your money where your mind is and you will laugh tomorrow if you stick your trust to bitcoin




In my opinion In this case, this can be a convenient means of payment, because it is now impossible with such a leap. But we must understand that this is still too early for such a development scenario, although then it is quite possible.
Maybe bitcoin will reach some constants. And it will change in some time period to no more than 7-10%.
20  Bitcoin / Bitcoin Discussion / Re: Amazon Will Accept Bitcoin Speculation on: June 30, 2018, 05:06:01 PM
Amazon most likely isnt going to get involved in a scam. Bitcoins are tied to black market, dark web and other illegal activities including money laundering schemes. But the fact that more and more companies decide to accept bitcoins is undoubtedly good news.




honestly I do not even know why they should not, bitcoin has its own proven to be stable and it will benefit Amazon too, this will of course be great news and cryptocurrency lovers like me will I be happy once the news comes out.
I do not think short-term Amazon will accept bitcoin, as soon as recognized and widely accepted there is a very good chance Amazon will eventually receive a payment with bitcoin
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