Latest posts of: Kronos21

Quote from: pangolier on December 01, 2017, 12:23:59 PM

Quote from: FlightyPouch on January 31, 2017, 03:28:52 AM

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

Bitcoin a cryptocurrency that will be use to pay worldwide also a good way to invest your money, so for me Bitcoin will do nothing wrong to a country that will use it us a formal currency that will be use in daily transaction and with this it will even improve that country because of this is a worldwide currency and may even affect the world by balancing its value making it equal to all nations. just think of this one a currency that is equal to all nations that will use it.

Bitcoin poses a threat only to the banking system. States have to their credit more money than is now bitcoin. We can't spend bitcoin in stores. In order to buy something we have to exchange it for Fiat. This means that bitcoin supports the state economy. What's wrong if people have more money and warm up the economy with their purchases.

Quote from: coat47 on December 01, 2017, 04:39:43 PM

It is true that there is a real crisis of confidence in central banks and in banks, mostly because of the subprime crisis. By printing money at will, the central banks have increase the debt of the Country. All because of the banks. They should have leaked all these banks and all the companies that did anything.
Will the banks explode? Every year we hear all kinds of specialists who tell you that we must be careful that the crisis will happen, that countries will not be able to bear their debts etc. For the moment, it is not yet the apocaypse, the system still holds

It seems to me that banks are losing trust not only because of the mortgage crisis. Banks are parasites on the people. If you put money on Deposit then you pay the minimum. This is only enough to compensate for losses from inflation. But if you take a loan from the bankers you have to pay big money. Many people have lost everything that is acquired in his entire life.

Quote from: Granxis on December 01, 2017, 05:58:50 PM

Quote from: leminerale on May 28, 2017, 07:21:18 AM

Bitcoin is a test of a new currency that is still in active development. Although over time and the increasing use of Bitcoin is becoming more mature, keep in mind that Bitcoin is a new discovery that explores ideas that have never been done before. Thus, Bitcoin's future can not be predicted by anyone.
Thanks

The fact that it is in the test phase is actually creating positive signs about Bitcoin's future. It can be crushed under the brutal influence of technology in the case of static, but it is a very important feature for its development to be dynamic.

I do not believe that bitcoin is testing a new currency. First, people do not use bitcoin as currency. Most people use bitcoin for speculation. Second order is to run bitcoin in circulation a new currency you need to destroy bitcoin. Do you think monogamous would be willing to use a new currency if bitcoin collapses?

I recommend you find anyone familiar in Europe. There is no problem with the conclusion on the Bank card. It verifies your card at the exchange and sell bitcoins will make you a regular Bank transfer. Only you will need to contact the person you trust. Not to be left without any money. If a large amount is too much temptation.

I don't believe it. America will never allow the use of bitcoins. Cryptocurrency usurp the dollar's leading position in the world. Without such a tool, America's economy could collapse. The American debt that they cannot repay. If bitcoin will replace the dollar all Fiat dollars back into the American economy. Imagine the inflation index!

I'm curious to see how McDonald's would do that? Lol. Their crappy hamburger is cheaper than the cost of the transaction. In my country no one can use any currency except the national one. You can exchange at a Bank or exchange office dollars and euros on the domestic currency. But to accept bitcoins is a violation of the law.

Quote from: Granxis on December 01, 2017, 06:02:42 PM

Quote from: kingragnar on December 01, 2017, 01:25:00 PM

I prefer the bitcoin. Because the price of bitcoin increases as you do not expect and its price is now at 10,000 USD so people now enjoy bitcoin especially investors so bitcoin is better nowadays. The only advantage of bitcoin is in transact but is easy and low transaction fee. I just think.

Bitcoin's investment and payment instrument is seen as a very obvious feature. But over time Bitcoin loses its ability to become a payment instrument, and PayPal can only take advantage of this feature.

Why bitcoin loses its properties as a means of payment? Do you mean that the majority of bitcoin users use it for investment purposes? Is this just happening now. When bitcoin will cease to increase its capitalization of its wildly rising prices will stop and people will use it as currency. All the time. Bitcoins still need to be upgraded for this.

Quote from: Thanasis on December 01, 2017, 02:51:06 PM

Quote from: GAUMZEE on December 01, 2017, 01:56:16 PM

Will bitcoins be recognized by the Indian Government ?

Bitcoins are already legalized by the Indian government just few months ago and most of the Asian countries are started to legalizing bitcoins after India made bitcoin legal in their country.The current president of India want to go cashless economy so they are encouraging all their countries in India.And If you want to buy bitcoins in Indian currency you can buy them st localbitcoins.com because one of my friend from India trading bitcoins through localbitcoins exchange and Indian traders giving us best offers for us than other parts of world.

It seems to me that legalization is another. Finally legalized bitcoin is only when you can exchange bitcoin to any Bank in the country. It is not. The fact that bitcoin is not forbidden that does not mean its legalization. I think that until the Americans will not indicate its position on bitcoin, we will not see a full legalization in all countries.

Quote from: legenduim on November 30, 2017, 06:24:55 PM

If robots replace many jobs that humans do it can lead to unemployment. It exists now, but the situation can become worse. Poor will become even poorer, while rich will use all the advantages of robots. However, hard jobs must be robotized.

You can not doubt it. So be it. Any business trying to reduce their costs and increase profits. Robots will replace humans is only a matter of time. Now there is a deliberate policy of extermination of the extra people. It started in poor countries. The current financial system contributes to this. Maybe bitcoin has become popular because it breaks the situation.

Quote from: bitcad4u on November 30, 2017, 06:06:54 PM

Quote from: superjeyy on November 30, 2017, 05:56:53 PM

Having a Bitcoin bank may be a good idea since we always have this constant fear that our wallets can be hacked anytime due to the the development of programming and how smart people can get, but having a bank for Bitcoin will defeat its purpose of financial freedom. Bitcoin allows us to be in control and not have any parties involve with our cryptocurrency. With banks keeping it safe for us, they would for sure make something out of it and we will end up not enjoying the benefits of Bitcoin like we do now. Maybe a bank can be established for Bitcoin if they changed their rules about it. Hopefully it doesn't cover the set of rules established for fiat as it will burden us.

Bitcoin bank is a good idea only because we don't have fear in hacking wallet and etc , bitcoin allows us to be in control and not have any parties involve with our crypto currency and with banks keep it safe for us ,may be bank can be established bitcoin it can changed the rules of it and if there is bank for bitcoin means it will be a restricted crypto currency.

It seems to me that you do not understand why there are banks. Bitcoin can not be used by banks. Moreover, banks are ardent opponents of bitcoin. They not only will never use bitcoin but will fight it in all possible and impossible methods. The massive use of bitcoin will destroy the existing banking system.

Quote from: Faxmate on November 30, 2017, 05:39:14 PM

Quote from: Slark on November 25, 2017, 09:21:33 PM

Quote from: debsin on November 23, 2017, 04:07:43 PM

Bitcoin crashed from $1000 to $300 on black Friday four years ago

Different times, different circumstances - four years is like a lifetime in the field of cryptocurrency adoption.
I strongly believe that in next four years we can have bitcoin which will reach $50k or more.
Even the most accurate numbers are meaningless without context - 4 years ago we have pump and dump scheme caused by Mt.Gox, their bot and crazy Chinese leverage traders.

bitcoin play a very big role on black Friday in my country and in my country bitcoin is very popular and it work in any part of my country as I’m using bitcoin in different restaurants and hotels and on Friday I use bitcoin in a very big shopping mall and I buy such a good electronic things on bitcoin so I really enjoy to use bitcoin on black Friday and I hop some other people have already used bitcoin in their countries so I will tanks to bitcoin.

It sounds too good to be true. I don't know of a country so widely used bitcoin. As you pay for the goods in the shopping centre if confirmation of the transaction may last a few hours. Sometimes even longer. It seems to me that you embellished reality. This can not be and it has objective reasons.

This is a typical behavior of a man of the old school. At this age he is no longer able to change their habits and thinking. For it will always exist only the current financial system. He knows how to work with it. He was not interested in corruption. He already knows whom to call and whom to pay to earn. For them, bitcoin is the collapse. so they are against him.

Quote from: carlfebz2 on November 30, 2017, 03:48:59 PM

Quote from: yojodojo21 on November 29, 2017, 11:58:56 PM

Bitcoin will not be stop by any government it's because of it's anonymity, bitcoin is like a good virus/malware that cannot be appreciated by government. russia , China, and any other country cannot fully erase bitcoin. If internet network exist then bitcoin will never stop existing and insisting to any protocols. Government will just waste their time trying their best to make bitcoin dissolved.

Its really possible for it to be stopped but would really require super quantum computers which we do know that it isn't available as of now and it would still take time for it to be invented which means bitcoin would able to still exist for longer years as of now.Government cant really do nothing on its existence and it cant be stopped this is why they do only impose laws on their vicinity regarding on the prohibition of using it but totally shutting it down it isn't possible.

You are wrong. In order to destroy bitcoin simply to strengthen governmental control over Fiat money. This is the weakest link in the chain of bitcoin. Now, there are no conditions to bitcoin existed independently. Every user is compelled to exchange their coins for Fiat. If banks are banned from such transactions then bitcoin will lose popularity.

Quote from: Gracie12 on November 21, 2017, 04:01:24 PM

Bitcoin has risen to 8.3k usd, do you think you can reach 9k usd?
Roll Eyes

Why is he grew up. I've seen the price of 8400 dollars. Bitcoin has not yet reached its climax. But I think that it would be correct to say that bitcoin continues to grow. You very quickly forget that earlier this year, a bitcoin was worth $ 1,000. Bitcoin is growing constantly and I hope that this trend will continue for several years. But honestly to say that I live a lot safer now when bitcoin is stable.

To overcome the barrier of 5 digits will not be difficult. The community is ready for this. Now a period of stability. It seems to me that bitcoin will reach in small steps prices $ 9,300 and then drop to 7300 dollars. After that will be a start and UPS and we will see the figure of $ 10,000. Only this, nothing will change. Will only change our guidelines.

Never the bitcoin cash will not dominate the market. There are already two leaders, and they are always. Bitcoin is the pinnacle that reaches offered by any of the altcoins ever. On the altcoins market leader Ethereum and he, too, will remain a leader for a very long time. Bitcoin cash this is just a speculative asset. He was used and thrown away.

Now the decline has stopped and then it resumes again. What a difference. If you are a long time to hold your coins then you must be wondering what's going on now. You should be interested in the situation with the prices in a few years, but you can't predict one. If you are a trader then you also are not interested in how much is bitcoin. It is important for you to turn on the pump and dump.

I don't understand why you have to take expensive GPU GTX 1070 if you have the opportunity to buy cheap AMD 480/570/580. They are well cope with their responsibilities and what they are working on a few algorithms, you should not be interested. It is better to buy more GPU and you will earn more coins. For me it does not matter how much GPU supports algorithms. Important payback period.

Quote from: aeternus on November 23, 2017, 05:24:34 PM

Quote from: cellard on November 19, 2017, 04:49:48 PM

Quote from: usam_coiner on November 19, 2017, 04:37:33 PM

A trend has been started that bitcoin is now used only for raising income by buying and selling it but we are ignoring its most important fact that it was created to be used as currency and if it can be used as the currency it would really help community to enjoy its eases and regions who are accepting btc must have to start it as currency this will automatically boost user no's as well a prices,

The price of something goes up if it's desired, and has a certain set of properties that make it a good long term holding.

Bitcoin first needs to be a store of value, a currency is the next step after that, and thus far we are still in the store of value process. We need to defeat gold as store of value. Daily usage of BTC will come with lightning networks. We don't need to do anything other than keep developing the technology and people will freely choose to use it as a currency, until then it's just digital gold.

People are not going to do something that goes against their interests, people do not use bitcoin right now because they do not find it practical, but when bitcoin finally becomes what we know it can become a fast way to make payments all around the world, people are going to use it instead of fiat.

In order for bitcoin to have received such quality as you say should totally change the conditions for its use. Now bitcoin is used for accumulation and indirectly supports Fiat. Because in order to make purchases, we are forced to change their coins for Fiat. All purchases we make for Fiat. This means that we will never give up Fiat.

Without exchange cannot trade cryptocurrencies. Indeed, I have heard many reports about the hacking of accounts on the exchanges but that does not mean that it is impossible to use them. You need to know about it and don't store your coins on the exchange. Transferred exchanged and brought back. At the same time, two people are unable to log in.