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The merit system actually reinforces the main purpose of this forum and that is to educate and not just be solely a platform for earning. There has been many users who has been abusive of this forum, which is why I think the merit system will allow recognition to those who are truly deserving and informative in this platform. There are certain parts of the new system that may be unclear but let's all remember that this is new and its trial would lead to a success if we learn to cope, adapt, and not abuse its features. Hopefully, people now would start learning their lessons and not just post for the sake of earning but for getting a merit in return which would help them reach the rank they are deserving of.
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There was one article before saying that Americans really do own bitcoins and most came from middle income families. So I wouldn't be surprised if more American would get themselves involved in bitcoin and cypto in 2018. And just like us, American buy bitcoin as investment platform or store of wealth. And the survey shows that they are very bullish about bitcoin as well. Still, the survey did note almost 70 percent expect bitcoin to increase in value over the coming half of a decade. A little more than 10 percent believe it will die out.
Edit: Here's the article: ( https://cointelegraph.com/news/american-investors-plan-to-hodl-bitcoin-until-price-hits-196000) This is quite a huge difference considering the advanced country where people have the bets of facility like Internet, gadgets etc . But still only 5% do invest out of 60% of aware citizens means either they are not convinced with this concept or think like its a bubble which can burst due to volatile market.
In our country where their is not proper infrastructure or people do not get the proper internet facility etc could be understood but any idea what are the other reasons that people do not invest in this cypto currency in US?
Nothing surprising in this. America is a rich country. Residents are not looking for additional source of income. First and foremost, people in poor countries are forced to seek additional income. Cryptocurrency right fit. So I think that the survey in poor countries would show very different results. Right. Survey in third world countries would be different. I'm assuming that result will shows that bitcoin for them would be more of like a currency, money that they can spend and even provide foods in the table. I get your point, but the thing with third world countries is that we are not able to maximize the use of Bitcoins since there is no outlet to do so. We use our fiat mainly for everything as the usage of Bitcoin is not yet established here unless our transactions are made over the web whose server is abroad and offers payment through Bitcoin. I also think that the results of the survey won't be any different because based on my observations, when you ask people here about cryptocurrency or Bitcoin, they have no idea what it is and how valuable it can be. The presence of the people from third world countries may be abundant in the forum, but what you don't know is that they are just a small portion of the totality of people who's actually involved and has knowledge about Bitcoin. Our survey would probably show lower numbers as compared to what was generated in your country. I think the structure of Bitcoin is still complex for people to fully understand which is why they would rather not have themselves involved or be knowledgeable about it. |
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I think as a gambler, there will always be a time when we cannot accept or losses that's why we always end up believing that we can win them back if we keep trying. At the end of the day, there is always that hope in you wherein the table would turn and winning would be on your side. However based on experiences, winning back what you loss through playing again doesn't always end up as expected. I realized that gambling is really just all about luck and it's not always "you win some, you lose some" situation it seems like "you win some, you lose more" kind of situation. I guess when the time comes, people would learn how to control themselves and eventually stop because it can be unhealthy emotionally and in a financial sense as well.
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I think as someone new, you should try researching first. Educate yourself before going into a risky business as to protect yourself. I truly believe that things take time, I have been here for awhile and I'm still learning as the days go by. I think what would help most aside from researching is asking advise from those who have experience in trading so that they can enlighten you eith the real deal because sometimes research is not enough but experience will truly suffice. If you think you're ready and is already familiar, maybe you can start small first then as you get used to it, that's when you can be more adventurous when it comes to trading. Good luck, bro!
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You did not get comments obviously because no one can know exactly how bitcoin will end up fairing this year. We can only be optimistic that with segwit being increasingly adopted and LN in the picture, things can get better but who knows what the outcome of all these will still end up as?
Early last year, if you had ask me this question, do you think it would have been realistic if I mentioned to you that bitcoin would hit almost $20k? No one would have even believed $10k. I guess we just have to wait and see, hoping that we get another nice ride this year but I won't be too relaxed waiting for it, so I will rather just follow trends and wherever it leads us, good and fine.
What nl247 said is on point, knowing how Bitcoin works, this is one of the questions you shouldn't hope for a "realistic" answer as we all know the nature of Bitcoin. The first month of the new year is nearing its end, but that doesn't mean we can get a concrete idea of how the performance of Bitcoin will be throughout the year. Predicting how Bitcoin rates are affected tomorrow is hard to know, how much more for the whole year? Always know that Bitcoin is incorporated with uncertainty and just like what nl247 said, we can only observe and hope for the best. |
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Going through your whitepaper and I can see how promising this project is going to be. I love the idea of having the tax refund converted to the local currency of your choice or any other types of cryptocurrency. It shows how flexible this platform can be as they make sure that what you got from the refund would not be wasted but be worth it. However, I saw that there is a limitation when it comes to the currencies it caters to. I wish that as this project progresses, they would allow exchange of EBCoin to other currencies aside from what is stated like PHP since most of us enjoy traveling in the countries where EBCoin is going to be established. Wishing this project all the best as I know it will truly be helpful to many!
If they would decide to make those limitations gone i bet it would really be hard to implement such thing knowing each country do have its own decisions on adopting some new exchanging features but how we do wish that it would really be seen on this project and should be established even more. Point taken and understood. It can truly be complicated since it is understandable that their focus is on those countries that implements tax refund. I do believe in the abilities of their team and I know that as they go along, they would be able to make this project expand and cater even more countries! They have mentioned in the Op post and site information clarify us. As of now they are ready to support the 34 countries. I am personally not aware tax refund works but noticed that this is really helpful for the tourist widely. Each of the country have the own tourism ministry right! If they are going to implement they just to get the auth from the concern country. Am I right. Please explain me this. Yes. The implementation of EBCoin will have to be done on a per country basis. This is needed, not just for authorization, but also because each country's tax refund system works slightly different. Remember though, that even if a specific country does not agree to their customs using EBCoin, EBCoin will still be able to be used as a payment method for participating duty-free retailers. These contracts will be negotiated with the merchants and the payment gateway service providers in that specific country. Further than that, partnerships with local FOREX services who have kiosks in airports can also be done regardless of customs integration. That will enable the local conversion of EBCoin to FIAT currency. So, in other words, even without customs integration, the EBCoin platform still has many uses for the international traveller. Thank you so much for that very informative clarification. I really thought that since my country isn't part of the 34 countries it will be supporting, its usage would be limited and not be maximized. I forgot how it can also be used in Duty Free which can also compensate for having if ever there's trouble converting it to our local fiat. This project just impresses me more and more with its flexibility. Kudos to the team behind this one of a kind project! |
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I don't know what the news is with this, but aren't we all supposedly aware by these type of people by now? At situations like this, there is no one to blame but the people who chose to be fooled. I know some of the people here would say that it is not their choice, but who in the first place engaged with such people? We should be more aware of their tactics and responsible for ourselves because at the end of the day, we're the only ones who can truly protect ourselves in this industry. Don't let yourself be fooled, be extra vigilant and do your part by researching and assuring that the people you're dealing with is legit and has genuine intentions.
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Just when you posted this 3 days ago, I thought Bitcoin was on its way to recovery since it's rate were already playing in the high range of $12,000, even had a potential to reach $13,000. However, just a few hours ago we experienced another sharp decline at more or less $10,500. Looking at its rate right now, it seems like it is gradually rising but that drop is significant. We might experience more within the following days even lowering to the range of $8,000 but I think there's nothing to worry about. There's just really something about this month and it seems to be normal as compared to the events that occurred before.
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Bitcoin regulation on a global front may or may not be possible but it is extremely important for bitcoin’s acceptance and adoption. The more these manipulations take place; unethical activities continue it undermines mainstream audiences faith in bitcoin. Take a look at any security in history. Regulation always causes increase in interest from public be it regulation of F&O by CBOE & CME, equity by NYSE. Always.
I agree with AK47- that whether a regulation is to be initiated globally or not, it is important to establish a united idea towards the structure and concept of Bitcoin beforehand to allow acceptance and adoption of this currency as different perspectives would hinder making a comprehensive regulation towards Bitcoin management and control. How would a global law be established if each country has a different stand on Bitcoin? I truly believe that having a global front towards the regulation of Bitcoin is appropriate since it caters the virtual world that is globally accessed. What I think we should put more focus on is how to make everyone understand the nature of Bitcoin and how complex but assuring this cryptocurrency can be. |
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is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz   Think of it from the point of view of government officials. Bitcoin is scary because it's anonymous. They don't know what the bitcoin users are paying for. This means that if they legalize it in their country, it's possible that they've legalized a currency that can be used for drug trades, terrorism, weapons, etc. This is dangerous because the government is not supposed to scare the citizens. Besides those reasons, I don't think there's a strong enough reason to ban bitcoin. This is definitely one of the main reasons why governments are trying their best to not allow to Bitcoin reign over their country. Legalizing Bitcoin in a certain area allows dark transactions which can put the citizens and the whole country at risk. For someone to legalize Bitcoin in a country that prioritizes the safety of their citizens just goes to show how you can turn away from the rules you established for protection if it was put into such use. If Bitcoin on the other hand is not only used for some illegal transaction then I think it's about the diversity of it which makes it hard to manage. The fact that they have no control over this platform due to its complexity can be very frustrating as they cannot keep track of each transaction efficiently. What player514 said is true, we should try being in the shoes of government officials to understand their motives which I know is for the best of their country. |
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Pretty much, yeah. It's a lower risk type of gamble if you are an experienced trader, but you cannot control the market and you never know what could happen. You should never gamble more than you are willing to lose. The same applies to trading. You can also hit the "jackpot" in trading like in a casino - invest in a pumping ICO and dump it before everyone else does. The best type of trading is to HODL!
I agree with some points given by Coins4Days. Despite the lack of entertainment (in my point of view) when it comes to trading, it still somehow gives you the same feel and sense of gambling due to the risks it can involve you in. However there's a part of me that really thinks that both aspects truly differ from one another since gambling is a game of luck while trading allows you to analyze and study the trends and other data which can help you in your decision making. This is something that you can't incorporate in gambling since it involves mostly of chances. |
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Oh he's definitely right. Any attempt at regulating cryptocurrencies on a local level is doomed to fail in the long run. Loose regulation, sure, but heavy regulation will require international accord.
And seeing how nations are not even remotely able to fix international tax loop holes I don't see this happening any time soon. There's no way the global economy will find a consent on how to regulate cyptocurrencies "the right way". So governments will have to find the sweet spot between regulating cryptocurrencies in a way that helps creating a solid legal foundation, while not acting so heavy handed that it simply drives people, companies and thus tax money into countries that are more liberal in their regulation.
Beautiful, ain't it.
Handling of Bitcoin regulations should be done in no other way but in a global manner as stated by Reuters and highlighted further by HeRetiK. We all know that cryptocurrency caters to a server that is globally used and accessed which is why it is just rightful to set regulations which would cover the entirety of its network. Since Bitcoin can be used anywhere (well of course except those in countries where it has been proclaimed illegal) in the world by anyone who owns it, a global law should be established towards its handling due to its applicability. However there are a lot of global issues that are yet to be fixed which is why considering the complexity of the structure of Bitcoin, it might be hard for our global leaders to establish something they would all agree on towards this platform. |
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I think you are trying to say that bitcoin will fail to become a mainstream currency because 60% of the world population don't have access to the computer. If I am understanding you correctly, then let me assure you that bitcoin is not structurally built and fit for becoming a mainstream currency in any way. It is an experimental virtual currency which implemented the idea of a decentralized currency successfully for the first time through blockchain technology. It is not trying to become a mainstream one.
So bitcoin will always be used by those with a certain level of technological expertise and not by any common people. Even though the process for bitcoin payment has been made very simpler by many third party wallet provider, but majority of the governments will not want to allow bitcoin to mingle with their own centralized currency system. It is and will always remain as a digital currency and an excellent store of value.
Everything that avikz said is on point. It is true that Bitcoin is not for everyone as it has a very complex structure despite being tried simplified by some third party application. One may say that its accessibility is a limitation towards being used widely but the truth is that if it becomes a mainstream currency, people would incorporate other aspects that may defeat its purpose. To simply put, Bitcoin is a cryptocurrency that allows exclusive transaction over the virtual world. |
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You know, from the beginning, Bitcoin's price is really erratic. Nothing new, as for me. One thing, though, that is extremely noticeable is the fact that its value now is really enticing as compared to traditional fiat currencies.
On your question as to whether the erratic changes of Bitcoin for the past week matters, of course it does! Every minor movement matters because this will all be part of a data that will be used later on to predict future prices through trends. Alongside this, I suggest you keep your data accurate because all your future studies will devolve on it at a later time.
I agree with Qartesa. While most of us are used to the sudden inconsistent movement of the Bitcoin rates, it is still important to take note of such events as it may greatly help in predicting the future trends of Bitcoin through the use of different statistical analysis. An unstable and volatile Bitcoin rates may be, a correlation can still be established which will be of great importance in studying the trends to be established by Bitcoin in the future. For those who has been investing in Bitcoin for a long time, the occurrences that happened over the past few days are normal and bearable, I know that most people experience a far worse circumstance while handling Bitcoin. I believe in the world of Bitcoin, nothing is strange. Bitcoin is just really volatile to produce such uncertain rates. |
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I guess the right word to describe the situation with regards to the rate of Bitcoin at the current moment is "gradually" as in Bitcoin is gradually moving towards recovery. During the past few days, we experienced a decline that was handled differently by the users of Bitcoin. Some were able to make the opportunity out of it by handling the situation in a positive manner by buying to gain more Bitcoins. While some lost their faith as they felt that Bitcoin reached its "burst". We did not start this day off with a high rate, but as the day went by, we can see that Bitcoin is slowly rising reaching almost $13,000. This is a good sign as now we can see that the volatility is not as severe compared to the past days. Let's give it more time to recover. Sooner or later, Bitcoin would be back on track.
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It depends on you sir! If you see that coin still developing its project and making it more productive by the developer maybe you can consider that to hold for as long as you want. Also if you think you are okay with the price of that coin you can sell that immediately but, if you're not satisfied then continue holding it.
Sometimes an altcoin depends on how the team designing the coin will do the development. This could mean a vision and purpose of the coin, besides what the coin will do so as to maintain and increase its popularity in the future. If it is clear, maybe it could be a consideration to buy and do Hold. But for me it's better to sell coins that we have when the price has increased, it is the simplest strategy and not troublesome of course. For me simplicity in doing strategy becomes an important thing. If we are too busy in taking care of the analysis and strategy we do then we can be charged thoughts so that the results will not be satisfactory. This question is hard to answer as we all have different views regarding the handling of our coins. As Black Panda and Gabz999 stated, a coin can have a certain development based on how it is designed. It is through this that we can know how long we can keep it for because if it has reached its optimum state, then it would definitely be the right time to sell it. However, it is highly dependent on your decision as sometimes the values of the coin can be very unpredictable. Maybe if you set your profit goal and reached it, then that would be a way to know on when to keep holding on to it. |
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Over the span of 3 days after you raised this question, it is prevalent how the rate of Bitcoin has been fluctuating over time but always stayed on the range of $10,000 - $11,000. Hopefully you were able to maximize that opportunity because just a few hours ago, Bitcoin rates suddenly spiked up to the range $12,000. I am taking this as a good sign that the rates won't hopefully be going below $10,000 anytime soon because we can say that Bitcoin is gradually recovering. Hopefully it continues to do so as it can truly be unpredictable at times.
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Ofcourse, the most practical answer to this question in my perspective is no. You have very little left, why would you risk it? Do you think it would be worth it even if the chances can be very low? I truly believe that gambling is a game of luck. If you'll gamble, I know that somehow how much you put in would affect your wininngs and the chances of winning. So if you bet something so small, you might win but not big enough. Just head home and try to find a secured way to truly gain.
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Going through your whitepaper and I can see how promising this project is going to be. I love the idea of having the tax refund converted to the local currency of your choice or any other types of cryptocurrency. It shows how flexible this platform can be as they make sure that what you got from the refund would not be wasted but be worth it. However, I saw that there is a limitation when it comes to the currencies it caters to. I wish that as this project progresses, they would allow exchange of EBCoin to other currencies aside from what is stated like PHP since most of us enjoy traveling in the countries where EBCoin is going to be established. Wishing this project all the best as I know it will truly be helpful to many!
If they would decide to make those limitations gone i bet it would really be hard to implement such thing knowing each country do have its own decisions on adopting some new exchanging features but how we do wish that it would really be seen on this project and should be established even more. Point taken and understood. It can truly be complicated since it is understandable that their focus is on those countries that implements tax refund. I do believe in the abilities of their team and I know that as they go along, they would be able to make this project expand and cater even more countries! |
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Going through your whitepaper and I can see how promising this project is going to be. I love the idea of having the tax refund converted to the local currency of your choice or any other types of cryptocurrency. It shows how flexible this platform can be as they make sure that what you got from the refund would not be wasted but be worth it. However, I saw that there is a limitation when it comes to the currencies it caters to. I wish that as this project progresses, they would allow exchange of EBCoin to other currencies aside from what is stated like PHP since most of us enjoy traveling in the countries where EBCoin is going to be established. Wishing this project all the best as I know it will truly be helpful to many!
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