When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.
If Bitcoin is existed long time ago, there will be no inflation and and the people will not suffer like we have right now. The government will be less corrupt because everything can check the transaction publicly and we will know where they spend our taxes. |
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Sad to say but the state will always find a way to control us. As long as we use fiat currency, we cannot scape from their control in our daily transactions.
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Bitcoin's goal is to become a means of payment in everyday living but because of a rapid inflation in fiat currency it became one of the best stored value like gold because of its feature of having a limited supply. That is why many cryptocurrency enthusiast bought it as an investment and not for daily use because some of retail stores don't accept Bitcoin at the moment.
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The price of bitcoin has not shown any significant rise or drop for almost two months now. What do you think could be the cause. Or do you think at long last bitcoin is going to be stable.
Currently, Bitcoin is suffering from a massive dump, but I believe it is the sign that Bitcoin would bounce at any moment. If there is a dump, there will always a big pump coming. That's how the market works. |
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I think, a lot of us saw Bitcoin like tool for freedom. Now most people look at this like opportunity for enrichment. I don’t think that rich equals freedom. I know a many rich people’s. They are far from freedom.
It is now evident that just cryptocurrencies is not sufficient to achieve the goal. We need a State at our side. But current States seek to preserve the old order.
State it is a community with uniform rules. Territorial principle don’t need for creation of the State in the 21st century. So what do you think what's to stop us to come together and creation a new State now?
Freedom is a very general term. But if you think of freedom from state, it will not happen. They will make rules that will in favor with the state. The good thing that happened right now is that you already have alternative aside from fiat that continues to inflate. |
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When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?
You should be worried if you sell your Bitcoin. Does big financial institutions are now trying to drag down the price of Bitcoin so they could buy at a very low price and they will also pump it when they are done accumulating it. |
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Though it’s easy to see why governments would want to regulate the movement of digital currencies, the reality of doing so is much harder. A lot of wallets have no identification to them and rest on a server in a third party country. In the case of offline wallets in devices such as the Ledger Nano, they’re not connected to any network.so is it possible to regulate ?
They can only regulate cryptocurrency when you exchange it to fiat currency or you buy cryptocurrency using fiat. They regulate those exchangers and required KYC to those people who use the exchangers. |
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I expect that to happen. If Donald Trump cannot find a way to minimize their deficit to battle the inflation, USA economy will collapse and the people will suffer. It is better to save some for the storm coming.
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Fellows, I've been trying to find a good way to explain Bitcoin's functioning logic to people that are not familiarized with this technology, and I'd like to hear from you guys: if you had the task of explaining BTC to someone, what concepts would you highlight the most?  I will highlight the fiat inflation compared to Bitcoin. I also emphasize the government and the banks that controls our transaction everytime we send or receive the money. I also tell them that your money is controlled by banks and not by them when they put their money in the bank. |
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COMPANIES IN JAPAN PAYING SALARY IN BITCOIN
This is very good for bitcoin and also altcoin if all contries like Japan become crypto friendly then crypto world be amazing for crypto lovers and many will become millionaire and billionaire
This is the reason why you should have to keep more Bitcoin than altcoin. Bitcoin is the one who recognized by many as a replacement for fiat currency. Altcoin should do something to prove they are worth keeping. |
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Hey guys. I’m in crypto sphere for about 1 year, not a lot but still I’m not a newbie. I participated in a lot of bounties, I have about 30-50 tokens on my wallet, and I still earned not more than 1000$. This is ridiculous! Tokens can’t list on exchange. That’s why I want to ask you. How much did you earn on bounty?
I earn around $400-$1000 per campaign but I usually Sell the token when it is already pump up. I don't sell it early because it is too early. I also choose carefully the campaign that I join to lessen the risk of scam campaigns. |
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I think it will be more stable in the future like Bitcoin because it is the pioneer in Smart contract platform. For example Bitcoin, all altcoin cannot surpass bitcoin in terms of value because it is the pioneer in cryptocurrency.
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I think he wants to come up with his own cryptocurrency. Since Bill Gates is a little bit too late for Bitcoin, we can't blame him if he say against Bitcoin. Maybe cryptocurrency is already affecting his business.
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What real world problem is bitcoin solving rn? and to what extent?
The problem that solve by Bitcoin is the intermediary of the government and the banks. More efficient and cheap cost of transaction and transparency of the transaction where everybody can check the transaction in the Blockchain. |
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The best way to deal with the haters of Bitcoin is to leave them behind. Remember that it is not your responsibility to the convince them to believe. It is already a bonus when you told them about Bitcoin. It is now up to them if they believe it or not. Don't be like a "Salesman approaching".
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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.
That's correct. Bitcoin is for everyone who wants to invest and earn. But make sure they know the risk and they should learn the in and out of the business. They also need to learn the basic trading and how to read the chart. |
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It's not easy for an average person to understand security protocol in Blockchain technology. You have to explain it in a layman's term. Blockchain is not private because it has a purpose mainly for transparency.
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China wants control over cryptocurrency. Remember that there are many mining facilities in their premises. It is hard to tell if they don't like Bitcoin because it could be a strategy to buy majority of supply of Bitcoin. |
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I saw Bitcoin in an advertisement in Facebook. I got curious and do a little research. Although Bitcoin is a legitimate cryptocurrency it was used as means of payment by High Yield Investment Program (HIYP). I was scammed and did a thorough research and discovered my mistakes.
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We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.
Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.
so, terrorist groups that use bitcoin are only low level transactions.
Terrorist will not use cryptocurrency in their illegal activities because it is traceable. Blockchain technology maybe anonymous but it can be trace whenever they use it. Even illegal offender still use fiat currency than cryptocurrency. |
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