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1  Bitcoin / Bitcoin Discussion / Re: In South Korea, cryptocurrencies will tax. on: December 06, 2018, 10:45:21 AM
Despite the rather negative idea of ​​cryptocurrency in South Korea, many traders still risk and use the stock exchanges of this country. These cryptocurrency exchanges have a huge number of advantages. Buyers have made of Korea's largest exchangers for the sale of air and Bitcoin worldwide.
2  Bitcoin / Bitcoin Discussion / Is this really new gold? on: December 06, 2018, 06:27:06 AM
Interestingly, the maximum number of bitcoins is 21 million. This figure is recorded in the currency of its source code, and then the network gives rewards to people who provide computing resources. They are called miners, or miners of bitcoins.
Every ten minutes, one of the miners gets a certain amount of bitcoins. This award is created from the air and adds to the miner's Bitcoin wallet. At first it was 50 bitcoins, but it was halved every four years. They say the latest Bitcoin will be released in the middle of the XXII century.
Many economists regard this hard limit as an undoubted advantage. If you think that the key problem of the financial system over the past 100 years is that central banks print money, creating inflation, then Bitcoin provides an alternative economic system that will put an end to it.
3  Bitcoin / Bitcoin Discussion / Re: How many people have btc? on: December 05, 2018, 10:53:13 AM
Many people use centralized wallets, exchanges or payment platforms that combine all means into a certain number of large wallets or cryptocurrency addresses, which further complicates the situation. The exact number of people using cryptocurrency cannot be determined.
4  Economy / Speculation / Re: Can someone manipulate the price of bitcoin? on: December 05, 2018, 08:22:26 AM
I think you should more clearly describe what you're claiming. How exactly are they manipulating?

If banks can just control the price, sure they would do it. But the first question is: how? Just shorting futures isn't per-se an answer - that trade would only go in one direction, and Bitcoin is currently way way too small to actually let big hedge-fonts make meaningful trades. Additionally, someone has to pay the other side of the trade.
The next part is that they would all have to conspire together to make this work. The next part is that it would be much more profitable to manipulate the price up, if they can. And the next part is that Zerohedge is absolutely in no way any sort of reliable source.
Bitcoin does not belong to anyone, just like the Internet or the technology on which e-mail is based. Banks can not control them. Bitcoin can be used by anyone who follows the rules of this payment system. The creator of Bitcoin, which is hiding under the pseudonym Satosi Nakamoto, also does not regulate the network. Governments are wary of cryptocurrencies, as they cannot regulate the movement of capital, including abroad. The main claims to technology are that it allows paying for illegal goods, laundering money and financing terrorists.
5  Economy / Speculation / Can someone manipulate the price of bitcoin? on: December 05, 2018, 07:39:51 AM
At small time intervals, large holders can influence prices by selling a large number of coins on exchanges or vice versa, starting to buy Bitcoin en masse. But these actions cause only temporary price fluctuations. Somehow the manipulators of the market cannot change the law of the market itself, so if you count on long-term investments, then you should not worry about it. In addition, the really large holders themselves are not profitable by the long-term weakening of the Bitcoin course.
What do you think?
6  Economy / Speculation / Re: Bitcoin to drop to 43$ and then die on: December 03, 2018, 03:15:48 PM
Two years after the launch of the bitcoin network, the coin reached parity with the us dollar, a milestone that many thought was remarkable at the time. And then bitcoin took a sharp start and soared to $ 19 by the summer of 2011. Then there was the scandal with Mt.Gox and the price peaked, reaching the bottom of about three dollars per bitcoin just minutes after the security of the exchange was compromised. As it turned out, it was not the bottom. For one week in June 2011, the BTC price was $ 2 after a high of $ 32.00. It took bitcoin more than a year to trade in the $ 30 range again.
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8  Bitcoin / Bitcoin Discussion / Re: Satoshi's supposed reappearance, but why now? on: December 02, 2018, 09:54:05 AM
It is worth noting that in the years that have passed since the appearance of Bitcoin, several people have already claimed that they are Satoshi Nakamoto. There are even more versions in the press.
9  Bitcoin / Bitcoin Discussion / Re: Bitcoin is worth more use of gold? on: December 02, 2018, 08:46:55 AM
There are very few places in the world where gold can be accepted as payment. This is due to the fact that gold will need to check, provide protection and insurance. All these are additional costs that are not worth such costs and headaches. The smallest unit of gold is a gram, it is simply impossible to divide it into smaller parts, which makes it unprofitable to use and accept it as a means of payment.
10  Bitcoin / Bitcoin Discussion / Re: RBI ban Bitcoin? on: December 01, 2018, 06:10:42 AM
RBI asked the organizations it regulates to terminate its business relationships with cryptocurrency firms and individuals. “It was decided that, from this point on, companies regulated by the RBI should not engage or provide services to any natural or legal persons involved in or accompanying cryptocurrency. Regulators that already provide such services should withdraw from the relationship within a certain time, ”the RBI said. RBI set the last date for the termination of such relations on July 5.
11  Bitcoin / Bitcoin Discussion / Re: Top 5 Concerns About Bitcoin ? on: December 01, 2018, 05:55:02 AM
1. What can Bitcoin be used for?
 2. Where do they come from and where to get bitcoin?
3. What is Bitcoin provided with?
 4. Can I make money on the difference of cryptocurrency rates?
5. I have bitcoins, what to do with them?
12  Bitcoin / Bitcoin Discussion / Re: Governments and Bitcoin on: November 30, 2018, 06:04:12 AM
Regulation of cryptocurrency circulation Attitude towards cryptocurrencies The first mass reaction of most countries to bitcoin was extremely negative. Practically all representatives of state authorities of countries that spoke about bitcoin equally informed the population about cryptocurrencies - they warned against using bitcoin, mentioned that it does not have a controlling body, and if something happens, nobody will return the money to citizens. Of course, these warnings were not at all aimed at the care and protection of public finances. They were announced for the formation of a negative image of cryptocurrency in the eyes of uninformed citizens.
13  Bitcoin / Bitcoin Discussion / Re: Did Bitcoin actually died ? Yes, more than 320 times already on: November 29, 2018, 10:36:56 PM
Blockchain does not care about the price of Bitcoin or what the media is saying about it - it just works and continues to create a new block of transactions every ten minutes. Until it stops, he is alive. It just keeps moving forward, one block at a time, step by step.
14  Bitcoin / Bitcoin Discussion / Re: Who is Satoshi Nakamoto? on: November 29, 2018, 12:00:53 PM
Satoshi personally launched Bitcoin. Soon there were reviews on the web about the work of an unknown scientist. Bitcoin would not have earned, if the project Nakamoto did not provide a solution to the problem of double spending. A user will never transfer the same digital asset to two other users.
Nakamoto did not tell anyone about himself. However, people who spoke with Satoshi on the forums claim that the founder of Bitcoin has a specialized education. After all, the mysterious English-speaking Japanese wrote a complex scientific article that gradually changes the situation on the global financial market. Programmers and economists, in correspondence with Satoshi, consider him a genius. This semi-mythical figure managed to create Bitcoin and launch it.
15  Bitcoin / Bitcoin Discussion / Re: How many people were into bitcoin in 2009? on: November 29, 2018, 10:23:26 AM
Only in October 2009, BTC received the first course. And he was speculative. At this stage, the fans were the only ones who owned cryptography fans and he had practically no value. On March 30, 2010, a user at SmokeTooMuch on the BitcoinTalk forum launched an auction for the sale of 10,000 bitcoins with a starting price of $ 50. No one wanted to buy a cue ball.
16  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin become the universal currency of the world? What is the reason? on: November 28, 2018, 07:58:19 AM
A value that can be used as money should have some “physical” properties. These usually include the following: the value must be small, uniform (that is, of the same type and quality), durable, transportable and fissile, and it must have a high value per unit of measure and be universally recognized as such value
17  Bitcoin / Bitcoin Discussion / Re: How do you measure the success of Bitcoin? on: November 28, 2018, 07:02:04 AM
Some believe that the cryptocurrency can be another "bubble", others are fully confident in its cloudless future.
18  Economy / Trading Discussion / Re: Bitcoin now a stable coin? on: November 22, 2018, 07:31:23 PM
I am sure that in the cryptocurrency exchange market, we are waiting for further ups and downs of the course, situations akin to financial bubbles, many cases of quick and unjustified enrichment and equally rapid and tragic ruin of people.
19  Economy / Trading Discussion / Re: What should one know about Bitcoin trading to avoid the risk of getting scammed? on: November 22, 2018, 07:09:02 PM
Given the fact that it is easy to buy bitcoins and get rich on their possession, it is not surprising that many scammers find ways to declare a hunt for other people's money
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